Scalper King

I like this video a lot lol

https://www.youtube.com/watch?v=-DT7bX-B1Mg

The Case For Staying Short EUR/USD Into FOMC - Barclays

In its weekly FX note to clients today, Barclays Capital advises clients to stay short EUR/USD going into this week's FOMC meeting.

The following is Barclays' rationale behind this argument along with the details of its current short EUR/USD position.

USD into FOMC:

"Markets will pay close attention to the tone of the FOMC statement on Wednesday and watch for hints on the timing of the first rate hike. Given the recent pickup in US consumption and labor market data, we think the Fed is likely to maintain its view that the winter slowdown was transitory and that the economy is likely to expand at a moderate pace. Indeed, the pace of job growth has picked up, with payrolls rising 280K in May, and the Fed’s LMCI has increased since the April meeting. Additionally, we expect the Fed to reiterate that inflation will gradually rise toward the 2% target in the medium term as the labor market continues to improve and inflation expectations remain stable," Barclays clarifires.

"Indeed, CPI data on Thursday, along with the latest import price data, should support our view that downward pressures on domestic core inflation from the lagged effects of USD appreciation will begin to wane going into the third quarter. As such, we continue to think the Fed is on track to hike twice this year (at the September and December meetings)," Barclays projects.

"Overall, we believe that the FOMC statements, along with CPI and other macro data, should support the USD," Barclays argues.

EUR amid Greek Uncertainty:

"Greek political uncertainty remains high, as the gap in negotiations between Greece and the Institutions remains substantial. The IMF is reported to have walked away from talks with Greek officials on Thursday because of the inability to find agreement on such issues as pension and tax reforms. Meanwhile, the economic and financial situation is continuing to deteriorate in Greece, with the state revenue shortfall having grown €1bn in May to reach a total of €2bn, and with the ECB having last week raised the limit on the Emergency Liquidity Assistance (ELA) to Greek banks by a further €2.3bn, to €83bn. The Eurogroup and ECOFIN meetings will be held on 18 and 19 June, respectively," Barclays notes.

Grexit 'no longer out of the question' for Merkel

http://www.thelocal.de/20150612/merkel-considering-possible-grexit

PART 3





Trading Platforms –
 
All our trading platforms are synched. Therefore, as soon as trader places a trade in one trading platform, it automatically gets reflected in rest of the trading platform as well.
 
Webtrader – Using webtrader, clients can place trade directly from browser. This is specially useful as clients can trade not only from their home/offer work station but also from cafι or public library etc. Furtherfore, webtrader is inbuilt into client’s member area, therefore, client has to log into just one window to trade or access/edit his details, make deposit or withdrawals etc.
Mobile trader – We provide browser based generic mobile trader as our standard solution. Clients can open the mobile trader website and trade from his mobile, android, ipad or iphone. He can save site as icon so that, when its clicked, mobile trader is automatically opened.
Our mobile trader is simple, light and easy to use and does provide rates, various order types which is generally what most traders access over mobile device.
 
MAM – Multi Account Manager is our state of art trading platform for fund managers. Metaquotes also provide MAM, called MutiTerminal at price of $15,000 and $750 per month. Our MAM is far advanced than MultiTerminal because MultiTerminal places order sequentially, whereas we send order to all sub accounts in parallel. For example Fund Manager Acc A sends order to 100 sub accounts, MultiTerminal will send order to 1st account and once it is executed, it send to 2nd account and so on. Therefore, even though all accounts area managed by single fund manager, accounts will show same trade executed at different prices.
Furthermore, our MAM has many options about how fund manager wants to distribute trades amongst his subaccounts, rather than MultiTerminal’s standard trade distribution as per total account balance or free margin
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Plug-ins –
1)      Coverage Plug-in – This plug-in displays all A book trades and all B book trades of all real traders in 2 separate accounts. Therefore you can login to one single account, let’s say account number 5, and see what is total closed and floating, profit or loss of all the Market Made traders. It is exceptionally useful in managing company’s risk.
2)      Web Registration Plug-in – It makes job lot easier for broker by opening accounts for users automatically, just by filling and submitting form on the website, instead of looking up details of each form and opening accounts manually.
3)      Commission Plug-in – This plug-in automatically adds commission charged by our company for each trade, in MM or STP group immediately after trade is closed. This plug-in allows Broker to monitor and pay our fees on time without any disputes.
4)      Bridge – MT4 is self contained unit. So whenever a client places the order, trade is executed, ticket number is generated but since it is isolated unit not connected to any liquidity provider, trade goes nowhere. You need a bridge to STP the trades to liquidity provider, so that trade actually enters the market.

Our bridge does precisely the same. It is our proprietary software which connects MT4 to banks and brokers. So all the trades of clients in STP group will be automatically routed to Liquidity provider, executed and then order confirmation message is displayed to Client.
We charge $16/mln round turn for all trades STPed but unlike our competitors we don’t have any monthly minimum. If you want to buy bridge, we would install to your server, henceforth, you won’t have to pay any commission ever and can use as many liquidity providers you wish to.
 
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Optional Plug-ins –
1)      Bonus Plug-in – It protects broker from traders who lose their principal and trade on bonus amount. For example, Broker offers 50% bonus and a trader opens account of $1000, so Traders account has $1500. Now if trader start to trade and lose money, if his opened positions shows floating loss of $1000, he will automatically receive margin call and removes bonus so that he will not lose $500 bonus which company has offered him.
Generally, bonus given by brokers are available for withdrawal after trader has traded a certain number of lots, but  it is a bad idea to allow traders to trade on bonus, once they have lost their entire principal.
Therefore Bonus Plug-in helps in auto crediting bonus to every deposit or new deposit (whatever scheme broker has in offer), and manage margin calls for traders to ensure that broker will not lose offered bonus.
2)      Multi Level IB Commission Plug-in – MT4 allows Broker to offer commission to direct referrer’s only, however, this plug-in can not only pay commission to IB, but to referrer of IB and son on, upto 10 levels. For example, 1st level commission of 0.5 pip, 2nd level commission like 0.2 pip and so on. Commission can be earned in pip, money , % of spreads
3)      Swapfree Plug-in – Normally, there is swap charge for each trader. But in islamic law, no interest should be charged. Therefore, these clients normally request no-swap accounts. In order to setup swap or swapfree on MT4, Broker have to place clients in many diffrent groups. This plug-in allows trader to use same currency pair but will override Group’s setting in MT4. Therefore, with plug-in, Broker can enable swap free to any trader of any group on fly, without making zillions of groups for each trader with different trading conditions who demand swap free account as well.
4)      Anti scalper –This plug-in is very useful in market making (B Book) and prevent Scalper, HFT and , Arbitrage traders from bankrupting company’s profit.
5)      Auto Rebate – This plug-in automatically gives rebate to clients immediately after they closed the trade. It can credit rebate as pip or $ per lot, depending on setting for that client and each client can have separate setting. This plug-in allows you to provide lower spread to someone who will have same trading conditions as rest of the traders of a group, but lower spreads. So this way can lower spread for a particular trader, without changing for entire group. Normally, you have to create a new group for each different spread type you want to offer
6) Leverage Checker Plugin - This plug-in will automatically change leverage, as the account equity changes. So let's say you set the rule that $10,000 to $25,000 would have 1:200 leverage and $25,000 to $50,000 will have 1:100 leverage, as soon as account balance goes above $25,000, leverage of the account is changed to 1:100. So you don't have to constantly monitor the client balance in order to change their leverage. Also, you ensure that your company doesn't have too much exposure (for example an account with $100,000 trading at 1:1000 leverage can single handedly bankrupt a broker startup, if he is being B Booked by the broker and makes significant profit).
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Payment gateways –
Already Integrated – Following gateways are already integrated and readily available. All broker needs to do is open account at these locations and get account approved by providing requisite documentations. We handle this part to large extent –
1)      Bank wire
2)      Skrill / Moneybookers
3)      Payza / Alertpay
4)      Credit Card (via Allied Wallet, Credorax, BillPro, Charge.com, AsTech, RadiantPay, RegularPay)
5)      Paypal
6)      Neteller
7)      Webmoney
8 )      Check
 
Additional Payment Gateways – If a payment gateway is not mentioned above, we can integrate it as well for additional fee. Please not that paymet gateway integration is not just opening account at payment processor and adding a form in member area, but it requires changes in admin as well as member area to allow automatic deposit and withdrawal, and API integration with Paymet Processor to do so.
 
We can also integrate bitcoin and other coins via several valet/merchant account providers at https://en.bitcoin.it/wiki/Merchant_Howto
 
Please let me know if you have any questions etc.

PART 1

There are several terms going around in the market - full broker, prime broker, white label etc. Therefore I would like to clarify about each of them and their differences in detail, for a clear understanding of what we and our competitors are offering. Prices cannot be compared fairly if there is confusion about what exactly is for offer from us or from someone else.

Prime broker is the term coined by one of our competitors in order to fool people. There is no such thing as prime broker (as far as MT4 license is concerned).

Just for the sake of simplicity, just forget about everything and let’s focus only on MT4 for the time being. The confusion of white label or prime broker arises not from what kind of company or bank account or website we or anyone else is offering. This confusion arises from what is in MT4 is being offered.

MT4 has separate components –

a)      MT4 Admin

b)      MT4 Manager

c)      MT4 Client Terminal

d)     MT4 Server (Live, Demo and Backup)

e)      MT4 Datacenter

 

Just like you can download unlimited number of copies of MT4 Client Terminal from any broker, but you only have as many access as the number of real accounts you have with that company, you can download unlimited number of Admin or Manager Terminal as well.

When you go to Metaquotes, they give you FULL MT4 license for one time fee of $100,000 and monthly fees of $1,500.

In this license you get 1 Live, 1 demo and 1 backup server. You have access to Admin terminal and from that you can create as many manager accounts you want. You can also create unlimited client accounts from Admin or Manager terminal. You also have unlimited copies of datacenter, which is nothing but a proxy server.

This is FULL BROKER arrangement.

Unfortunately this is self contained unit. So whenever a client places the order, trade is executed, ticket number is generated but since it is isolated unit not connected to any liquidity provider, trade goes nowhere. You need a bridge to STP the trades to liquidity provider, so that trade actually enters the market.

Bridge is a proprietary software and each of companies who offers it, charges a commission per trade for providing this facility.


Now suppose you don't have $100,000 to spend, you go to Service provider, like us. So we buy full MT4 license by paying $100,000 to Metaquotes but they will give you at lower price and collect the discount they offered in long term in form of various fees/commissions. So here you have ADMIN terminal as well as manager terminal but license was bought by someone else and you are using it. Just like you can live in a rented house without paying full amount to buy it, but you can use every single feature of the house.

Metaquotes gives you for $100,000, that is lowest you can find anywhere!
However my company can provide Admin access for much lower price.
So Server will remain hosted at our systems, however you can do everything you can do as in full license for much lower price than $100,000.


Full Admin access allows you to do the following -

a) Edit Open/Closed Trades - You can change open time, close time, open price, close price, profit/loss, virtually anything. Therefore you can modify and create trading statement of any account entirely different from actual trading results. You can also transfer trade from one account to another. You can reopen closed trade etc. Many brokers use this to remove profitable trades from someone who made a lot of profit or several other ways which will be covered under demonstration and training session. Many of myfxbook and PAMM acc performance on dubious brokers owe to this trick.

b) Edit Prices and remove it after its intended effect - Brokers create spike and later on remove it from price history. Then trade is shown at out of market price and  account has already suffered margin call.

c) Stop Out Level modification - Suppose you have stop out of 10% but there is a trader howering at 12.7% for hours, you can bring trader to another group and modify Stop out level to 13% so that his trades are closed and you restore stop out level to 10% and edit comments to show that he was stopped out at right price.

d) Manager Rights - You can properly allocate manager rights. Usually manager logins are provided to your employees. So you don't want an employee who has right to open or delete accs to have rights to trade on company's acc via Risk manager/Coverage acc. That leaves possibility of him opening accounts and trading on those acc and losing money and deleting accounts. Similarly, cashier/accountant cannot have other rights which can be misused. Our employee management plan covers all these issues in depth and part of our demonstration and training section.

e) Quick Turnaround for your clients and access plugins - You don't require to email us for modifications and will have quicker turn around time while using our plugins (for example, adding someone in multi level IB structure or adding someone for Anti-scalper.

We neither recommend nor endorse any of the above behavior. Please refer to attachment which shows section where you can execute above activities.

Now coming to what you are going to get from me or any of our competitor looks similar but is radically different. Each of us will give you –

a)      Manager terminal (unlimited copies)

b)      Manager account logins/credentials (Our competitors – limited fixed number, My company – unlimited)

c)      Groups to classify traders based on STP/MM/Country etc – Our Competitors – $100/month, per group. My company – unlimited number of groups

d)     Securities – Number of instruments you can offer to your clients. Our competitors – $30 per security. My company – as many securities as MT4 permit/no limits

e)      Currency suffixes (E.g. UsdJpy+ or UsdJpy. or UsdJpy!) – Our Competitors – you have to chose from suffixes they offer. My company – you can use any suffix you want.

As you can see, my company doesn't put restrictions which our competitors does. Also, unlike our competitor, we don't put 40+ brokers on the same server.

One way to confirm this thing is ask these questions to other service providers -

a) How many symbols and securities can I have? Can I suffix whatever I like to for the symbols?
Most of my competitors will limit number of instruments you can have, as well as a monthly fee for each instrument.
b) How many groups can I have free of cost?
They would say about none. Because if somebody is servicing each broker with separate MT4 server or have fewer clients, they won't mind even if you have 10 groups. However who are giving white label, they have a hard time giving more than 10 because 10*40 (40 brokers on same server) is 400 which is big number to manage for the service provider.
Therefore all our competitors charge a fee per month for each group you have.
c) If I don't like your liquidity or have slippage etc, can you connect me to some other broker/bank free of cost?
They would not allow you to do that. They would say you have to use their liquidity in all cases. Or select on of their preferred partners. We will connect to whatever liquidity provider you wish to be integrated with.
d) How I can be sure that you are not market making me?
With us, you have Liquidity provider and Bank account under your company’s name. We are strictly service provider with no participation in management of your client’s fund. They send to you and you decide where to keep it. Other companies are like dark pool, you cannot make out whether they are actually providing STP or running B book against you.

I hope the difference is amply clear from the above, but since it is not very simple to fully understand. Therefore if I was not able to explain it correctly, I can show this over skype or teamviewer in demonstration session to better explain the difference between my solution and that of other companies.

Hello to All,

We are providing discounts on our signals fees on the eve of Ramadan to all our new and existing subscribers.

20% off to all our new and existing subscribers for the holy month of Ramadan.

Email : Scalperking.mu@gmail.com

Techinal Analysis update

Good Morning to all,

our last trade has been extended  quite a bit long which should not happen normally but its a market all can just take the best trade they can, any ways talking about the technical analysis, we are in really important zone, and in past most time price have reverse from this point, RSI is also not showing any bulls signs at this moment so hope full this trade should come in our favor by this week, I am keeping close eye on this trade.

Also there is a double top building on 4hour time frame so I am really looking forward that EURAUD will fall once the bulls fails.

EUR/USD Technical Analysis: Aiming Above 1.13 Figure

The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% Fib at 1.1202 opens the door for a challenge of the 1.1005-55 area (23.6% expansion, horizontal pivot).
Our long-term outlook calls for broad-based Euro weakness. With that in mind, we will treat any on-coming gains as corrective and wait for the move higher to offer a selling opportunity. In the meantime, we will remain on the sidelines.


http://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2015/06/04/dailyclassics_eur-usd.html