Just Some Guy Trading™

Observations of the Forex Market by a Guy Trading from Home

In the end, my IBFX account balance somehow worked itself out but no one from IBFX got back to me about what happened.  So much for customer service.  But since I was complaining about FIFO, they contacted me to participate in a survey of how they will implement FIFO going forward.  They presented me with six different options that ranged from doing nothing to presenting the illusion of a non-FIFO platform with FIFO accounting on the back end.  I applaud their effort for trying to restore the platform functionality of the good old days, but the NFA’s constraints on FIFO and Hedging are two really big loses in functionality that are hard to make up.  I told them I would be okay with them trying to make the platform behave like it used to (which is what they have done with MT4 at this time), but they would need to do a better job with the accounting aspects so that it was clear which trades made in the platform were actually being affected and offset by FIFO in the back end.

Other than that, I’ve been writing up chart patterns that I trade and in what context.  I hope to get those out soon.