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forex tip - Don't use a fixed stoploss brokers can target

  • #1
  • First Post: Edited 7:17am Sep 24, 2014 3:46am | Edited 7:17am
Don't use a fixed stoploss the dealer/broker can target.
  • #2
  • Sep 24, 2014 10:57pm Sep 24, 2014 10:57pm
For all it's worth.
The issue is not that the broker will target your stops, the real issue is that the market gives you what you want.
for the vast majority ... it's a loss.
  • #3
  • Sep 25, 2014 1:17am Sep 25, 2014 1:17am
It's not about brokers targeting your stops, they really don't care about your small 1 lot position, it's about correct stop placement. Run of the mill forex education will tell you to put stops under lows or above highs, but what happens when you do this and your stop is hit? 9 times out of 10 the market will turn and go in your favour if you was still in the position. Have a good idea where large clusters of stops are and use that to your advantage.
  • #4
  • Sep 25, 2014 2:22am Sep 25, 2014 2:22am
Ok, there might be a few very typical stop areas, but generally many stops will be taken out when/if there is an attempt to 'sweep' up some stops. Not much you can do about that, other than chance putting them far out range, but greatly increasing the cost/risk.

Probably makes more sense to consider where you're putting your trade...and where the associated risk SL will land...and consider getting into your trade someplace else if you suspect its too close to a target location.
  • #5
  • Sep 28, 2014 6:57am Sep 28, 2014 6:57am
forex brokers donot hunt stops.price moves because of a reason not because forex brokers control it
  • #6
  • May 17, 2018 4:50am May 17, 2018 4:50am
Quoting ericnyamu
forex brokers donot hunt stops.price moves because of a reason not because forex brokers control it
Yes this is usally a newbie fallacy that brokers hunt your stops! Most newbies just trade with way too much lot size in relation to account size so will put a stop about 20 pips from the entry and 90% of the time the market will eat your stops.

Entries need room to breathe in the forex market, a lot of room so stops need to be at lower highs or even beyond that in an uptrend. Mainly becasue big players know retail forex education very well and know most people put stops at pin bar highs/lows etc.
Love the life you live, live the life you love
  • #7
  • May 17, 2018 5:44am May 17, 2018 5:44am
In reply to the title of this thread...utter nonsense!
  • #8
  • May 17, 2018 6:07am May 17, 2018 6:07am
I like to get (stop) out on the daily close being above or below a certain point. At times it costs me a bit more, but that method also saves many a trade. I don't know if brokers do this or not. I have seen some suspiciously short term changes in spreads though. It wouldn't be difficult to do it programatically.
  • #9
  • May 19, 2018 6:30am May 19, 2018 6:30am
Placing stop loss is an art. It's not that much easy as some people think. If your broker widen the spreads every now and then, change the broker. Other than that broker has nothing to do with your stop loss. Many times I have survived just by one or two pips. Find good broker. Stop blaming. Learn then trade.
  • #10
  • May 19, 2018 6:46am May 19, 2018 6:46am
If you put your stop in a area of high liquidity, you deserve to get your stop loss taken. What do most traders do when they see a pinbar, they sell then place a stop loss above the bar. So now we have 2 thousand traders placing there stops here. Is it any wonder price is attracted to this area for their stops.
Stop following the masses, trade away from the masses.
Trading thin liquidity at the boundary of the charts
  • #11
  • May 19, 2018 7:52am May 19, 2018 7:52am
I agree that your stop has to be in the right place but at the same time, no trader can win every trade.
you are going to have losing trades. it is part of the game.
  • #12
  • May 19, 2018 7:55am May 19, 2018 7:55am
i wounder how a broker targeting clients stop loss ! do they move the price till they hit your sl ? if they do that they must be working with all other brokers and ofc with govs and with jews "therichbadones" and with sam and with inter-banks, so it must be an international gang that work and live secretly like illuminazi for example, who know

just saying
  • #13
  • May 19, 2018 7:58am May 19, 2018 7:58am
Quoting llxx77dd
i wounder how a broker targeting clients stop loss ! do they move the price till they hit your sl ? if they do that they must be working with all other brokers and ofc with govs and with jews "therichbadones" and with sam and with inter-banks, so it must be an international gang that work and live secretly like illuminazi for example, who know just saying
LOL
  • #14
  • May 19, 2018 8:32am May 19, 2018 8:32am
Stop loss is the holy grail.
Forex tip - Where is Wally?
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  • #15
  • May 19, 2018 9:19am May 19, 2018 9:19am
I wouldn't use a stop loss at all, unless you are skilled enough to know where the professionals are putting their pending orders and which areas to avoid.
  • #16
  • May 20, 2018 1:11am May 20, 2018 1:11am
Quoting Spezial
It's not about brokers targeting your stops, they really don't care about your small 1 lot position, it's about correct stop placement. Run of the mill forex education will tell you to put stops under lows or above highs, but what happens when you do this and your stop is hit? 9 times out of 10 the market will turn and go in your favour if you was still in the position. Have a good idea where large clusters of stops are and use that to your advantage.

Exactly, how about putting your order, where your stop would be in the first place...
  • #17
  • May 20, 2018 1:32am May 20, 2018 1:32am
For what it's worth, this is my own perception of how the market moves when in extremes:

Signal to go long->reverse and stop hunting->reverse and validate the signal
Signal to go short->reverse and stop hunting->reverse and validate the signal
This happens because market makers are aware where the stops are placed (detailed depth of market) while the retail trader can only guess.
The same with profit targets.

Medicines for the cure:

When in extremes, wait for a range to form
or
Trade timeframes you can afford the stop hunting (H1 and higher, all lower timeframes are for gaming not for trading)


DISCLAIMER: I'm not a millionaire. Yet.
  • #18
  • May 20, 2018 4:20am May 20, 2018 4:20am
Quoting TheRealTruth
because market makers are aware where the stops are placed (detailed depth of market) while the retail trader can only guess.
i wounder why those market makers lose too sometimes, some days or\& some months ? maybe they don't lose at all and they just make us believing that they lose and all is for the sake of the secret society "illuminazi"

hey i"m not saying we live on heaven, nah maybe in this moment there's somebody stealing ur money or planning to, i'm just saying that we are looking at the wrong way, maybe illuminazi exist too, who know

cheers
  • #19
  • May 20, 2018 11:40pm May 20, 2018 11:40pm
Quoting llxx77dd
{quote} i wounder why those market makers lose too sometimes, some days or\& some months ? maybe they don't lose at all and they just make us believing that they lose and all is for the sake of the secret society "illuminazi" hey i"m not saying we live on heaven, nah maybe in this moment there's somebody stealing ur money or planning to, i'm just saying that we are looking at the wrong way, maybe illuminazi exist too, who know cheers
It is the same in forex as in everything else.
Cartels exist in every single business activity.
It is the nature's law that the sharks feed themselves from the small organisms of their environment.

Trying to explain this by conspiracy theories is a waste of time.
It is better to keep the mind busy by discovering your way of avoiding danger and profit from opportunities.

From It's Immaterial's album: "Life Is Hard And Then You Die"
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Good luck
  • #20
  • May 20, 2018 11:50pm May 20, 2018 11:50pm
Quoting TheRealTruth
....(H1 and higher, all lower timeframes are for gaming not for trading) DISCLAIMER: I'm not a millionaire. Yet.
You are wrong.
But we need to respect all opinions.

Trade well.
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