Disliked{quote} TRUE people are getting ripped off by manipulation, mostly in the form of stop hunting,either "hidden", stealth, or spread widening, news. The smaller the time frame the more frequent.Areas where retailers have their stops work like "attractors", like the old pac man game.Almost every significant swing begins "fueled" by "retailer meat"being stop run...(they call it "liquidity pools"). Forex is indeed a money transfer, from the retailers , to the 5 big banks that control 70% of volume (you can Google the exact fugure).In between is the broker,...Ignored
You introduced me to the concept of Stop Loss hunting and ever since i think that we should have some room for the trade to breath vis a vis the S/L hunting.
You also mention Daily and Weekly Spikes, so considering even High Impact News Events
What would you consider a Good S/L that can act as a cushion considering all the above for taking trades on 4HR or Daily TF? {Trend Trading}
100 Pips/150 PIPS/200 PIPS/....500 Pips or something like a ATR Multiplier of 3/4/5/...../8?
Have a great weekend....
Thanks