On Saturday Robert Gray from FXLQ called me and told me that FXLQ was going to reverse the NFP losing trade on 11/3/06 due to the mysterious “price freeze.” Awesome!
He said that even though the initial fill at 1.9093 was valid, the fact that it took over two minutes to report this to the trader was not acceptable. I agreed, because the trader was basically “locked in” a trade he could not exit for over two minutes.
This is great news and it shows that FXLQ is trying to make things better all the time.
Robert also acknowledged the “reporting delay” issue and confirmed that FXLQ’s technical team is working on the issue so that the confirmations come back in 1 second or less (as they should).
We won’t stop day trading while we wait for this delay issue to be resolved, but we will proceed with caution. My goal is to eventually, if possible, reach the 100-lot per trade mark.
As you can see, there are a lot of things going on in the background – and many unknown variables at work. This is normal, as it always is when you are trying to do something that has not been done before. I thank you for your patience throughout this entire ordeal.
