Why is there such a fixation with stops???
Regardless of who takes them out.
Regardless of who takes them out.
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DislikedWhy is there such a fixation with stops???
Regardless of who takes them out.Ignored
DislikedYou raise some good points. I wish I had started with stocks...I find them much more predictable in the long term. Oh well...
One of my favorite analogies from Street Smarts was the comparison of fishing to trading. I'd like to modify the authors view and say that trading is like fishing because sometimes the fish gets away, most times you catch small fish, but when you do catch a big fish it can be long (Northern Pike) or short (Large Mouth Bass). Unfortunately, most of the big fish stay well hiden under brush or in deep water making them hard to catch without substantial risk.
Trading is risky to say the least, regardless of how you approach it. Many famous traders have implied that their best trades were the hardest ones to enter. In my estimation, all trades are equally (or should be) hard to enter. When your sure you have an edge, that's when you're most vunerable to a big supprise.
Perhaps we should be discussing ways to determine trend change, consolidation, exhaustion ect. It seams to me that most losses happen when market conditions change. It's my goal to become more adaptable to these changes.
Take careIgnored
DislikedAs for the trend determination, only and only fundamentals is deciding factor.Ignored
DislikedYou were doing pretty good until -
When typing a reply, look below for Additional Options - Manage Attachments to upload an image.Ignored
DislikedThank you.
I tried before, but it only showed attachment the file name, not picture itself. Pls help me, I want to use the chart to illustrate.Ignored
DislikedI could have missed a post here
But this is so far from the case. The big players know where the stops are gathered. The only stop hunting brokers do are those random spikes that show up on only their feed.Ignored
DislikedTell you what - chance to prove me wrong here, tell me exactly how a big player hunts a stop, where they get the info from - and why they would do it in the first place?
also, do you have any real idea of how much money it takes to move the real market? - take a wild guess.Ignored
DislikedYou were doing pretty good until -
When typing a reply, look below for Additional Options - Manage Attachments to upload an image.Ignored
Dislikedthat is just it, i don't need to prove you wrong, your own ego prevents you from ever learning anything new so it doesn't matter..
You speak about all this knowledge you have about how the markets work yet you lack basic understanding of what is taking place everyday by the big players.
WHY would they do this?
Markets are about liquidity.
It is a constant search for liquidity. If you truly believe that big players aren't gunning for stops in search of this, well nothing I need to prove to you. Your own ego has yet again got in the way of perhaps learning something new. And if you really want to learn about some new things that might actually help you, do a search for Darkstar(believe it or not there are a lot of other knowledgeable people here that know a thing or two, before you came here guns blazing for 1kt)Ignored
Dislikedwhy do people get so angry and insulting when i ask a question on here or say something they don't agree with? own ego maybe?
so teach me obiwan. where do they get the info and why would they do it when it takes about 100mio to move the market half a pip when it's sleeping? - so if the stops are like 5 pips away why would they spend a yard to hit stops?
as for me knowing what the 'big players' are doing - how many 'big players' do you know exactly? - is this based on fact or are you supposing? can you define for me what a 'big player' is?
sounds like paranoia to me but please feel free to discuss, preferably without the insults if you can manage that. I have not insulted you so why do you feel the need to do so with me?
Please keep your emotions in tack.Ignored
Dislikedok you both got me, big money never pushes price to where stops(which are orders) are. There is no benefit for them. Sorry for the confusion.
Wonder what I have been exploiting thenIgnored
DislikedThere are ONLY two big players in this market, Central and big banks and I hate to spoil your fun here but they are not hunting for stops, too professional for that, They are hunting for the big orders. Say it with me kids, orders not stops. Why would ECB go after your pathetic little stop loss? Please, they dont even look at us, and besides like soul trader says it takes ALOT of money to move the market, They are not going to spend billions to collect your thousand. On the other hand the brokers price on their charts may spike a few pips to knock out some scalpers but thats really just going after pocket change and should be illiegal but its not.
Don't listen to me, I have no idea what I'm talking about but UBS and Credit Suisse do.Ignored