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Real Fx traders do not use stoploss

  • #621
  • Edited 5:28am May 22, 2018 5:09am | Edited 5:28am
Quoting rere35
{quote} Yes i am aware of the losses. however some stops were triggered it all depends on the broker that a trader was using at the time. remember not all brokers went bankrupt and those brokers that survived the huge crash had stops to protect their clients trading accounts.
Show me the evidence of this!

When 95% of traders on a pair are holding long positions – thanks to the central bank “guarantee” that a floor won’t be breached – it is bound to be a blood bath when things unwind.

If you had a stop set below the peg, then the peg dropping meant that you would most likely not find a buyer when your SL was triggered. Traders found out that their orders had been filled at -1000 pips, when their stop was just at 20, 50 or 100 pips. This happened across the board on all CHF instruments – not only the EUR/CHF.

Show me on the chart where your stop loss would have helped you.


There is my evidence. So unless you use a 1000 pip stop loss you are talking rubbish. Using a 1000 pip stop loss would be pointless.
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  • #622
  • May 22, 2018 5:11am May 22, 2018 5:11am
Quoting rere35
{quote} This is just my personal opinion on the CHF. i will not be trading this pair. I am aware of what happened leading up to the event after doing reasearch. still i stand by my decision to always use a stop loss, always.
Wary of trading a pair where the same circumstances cannot happen again shows you are not aware of what happened.
  • #623
  • May 22, 2018 5:35am May 22, 2018 5:35am
Real fx traders don’t use stop loss , that means they always enjoy when losing
  • #624
  • May 22, 2018 8:41am May 22, 2018 8:41am
Quoting AdamCrist
Real fx traders don’t use stop loss , that means they always enjoy when losing
lol yes they must, which is why market makers love us.
Love the life you live, live the life you love
  • #625
  • May 22, 2018 9:42am May 22, 2018 9:42am
Quoting rere35
{quote} lol yes they must, which is why market makers love us.

Why is that? Because a market maker it trying to stop loss hunt you your 0.05 lot with a 30 pip stop loss

lol please. You really think they are bothered about that?

how about YOU have put your stop loss in the wrong place! You have followed the crowd like a sheep and made it very easy for the market to move where the accumulation of stop losses have been positioned, like all the other amateurs.
  • #626
  • May 22, 2018 9:58am May 22, 2018 9:58am
Quoting londonboy
{quote} Show me the evidence of this! When 95% of traders on a pair are holding long positions – thanks to the central bank “guarantee” that a floor won’t be breached – it is bound to be a blood bath when things unwind. If you had a stop set below the peg, then the peg dropping meant that you would most likely not find a buyer when your SL was triggered. Traders found out that their orders had been filled at -1000 pips, when their stop was just at 20, 50 or 100 pips. This happened across the board on all CHF instruments – not only the EUR/CHF. Show...
a friend of a friend was short on the weekly timeframe, weeks prior to the big move of over a 1000 pips. not all traders were long the eurchf, only the smart money made a huge profit. he is a weekly chart trader and was made a millionaire over night by that huge bearish candle! so yes some traders lost a fortune and some traders made a fourtune.

does he trade the chf pairs again, he told me no. I have marked in red where he went short and this was a long term outlook on the eurchf as there was talk of the chf strengthening against the eur at some point in the future but of course no one knew the huge big plummet which destroyed brokers/traders around the world.
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  • #627
  • May 22, 2018 10:06am May 22, 2018 10:06am
Quoting rere35
{quote} a friend of a friend was short on the weekly timeframe, weeks prior to the big move of over a 1000 pips. not all traders were long the eurchf, only the smart money made a huge profit. he is a weekly chart trader and was made a millionaire over night by that huge bearish candle! so yes some traders lost a fortune and some traders made a fourtune. does he trade the chf pairs again, he told me no. I have marked in red where he went short and this was a long term outlook on the eurchf as there was talk of the chf strengthening against the eur...
That's NOT the point. READ WHAT HAS BEEN SAID.

If you were SHORT (or your so-called millionaire friend of a friend ) you wouldn't have a stop loss that's relevant anyway, so your post in this thread is POINTLESS

NB. Its always a friend of a friend isn't it.
  • #628
  • May 22, 2018 10:07am May 22, 2018 10:07am
Quoting londonboy
{quote} Why is that? Because a market maker it trying to stop loss hunt you your 0.05 lot with a 30 pip stop loss lol please. You really think they are bothered about that? how about YOU have put your stop loss in the wrong place! You have followed the crowd like a sheep and made it very easy for the market to move where the accumulation of stop losses have been positioned, like all the other amateurs.
I think you are right, many retail traders worry about stoploss which is too close to the entries. it's why most of us lose so much 95% or even more, yet we love this game of price going up and down and feeding our brains. yet a stoploss i will use until my account bleed dry or i can double it or triple it.
Love the life you live, live the life you love
  • #629
  • May 22, 2018 10:13am May 22, 2018 10:13am
Quoting londonboy
{quote} That's NOT the point. READ WHAT HAS BEEN SAID. If you were SHORT (or your so-called millionaire friend of a friend ) you wouldn't have a stop loss that's relevant anyway, so your post in this thread is POINTLESS NB. Its always a friend of a friend isn't it.
lol but he had a take profit within that huge bearish candle and it got hit. so i don't understand this gap that you talk of. maybe some brokers were dodgy and stops obviously were not triggered. it must of been a sad day for those traders.
Love the life you live, live the life you love
  • #630
  • May 22, 2018 10:29am May 22, 2018 10:29am
Quoting rere35
{quote} lol but he had a take profit within that huge bearish candle and it got hit. so i don't understand this gap that you talk of. maybe some brokers were dodgy and stops obviously were not triggered. it must of been a sad day for those traders.

For the last time:
re-read the entire thread again.

If you were SHORT on EURCHF when the SNB removed the peg you would not have been taken out by a stop loss. So your post about your mate's budgies girlfriends sisters wife IS NOT RELEVANT TO THIS DEBATE
  • #631
  • May 22, 2018 10:48am May 22, 2018 10:48am
Quoting londonboy
{quote} For the last time: re-read the entire thread again. If you were SHORT on EURCHF when the SNB removed the peg you would not have been taken out by a stop loss. So your post about your mate's budgies girlfriends sisters wife IS NOT RELEVANT TO THIS DEBATE
he had a tp in the big huge bearish candle and it got triggred. so people who were long their stoplosses got triggered by the big bearish candle, yet you say the market gapped over their stoplosses? strange, odd brokers there, maybe that's why they went bust for bad pracitces.
Love the life you live, live the life you love
  • #632
  • May 22, 2018 10:56am May 22, 2018 10:56am
Quoting rere35
{quote} lol yes they must, which is why market makers love us.
Trading without stop loss position means, trading with unlimited risk reward ratio, no way!
  • #633
  • May 22, 2018 11:01am May 22, 2018 11:01am
Quoting rere35
{quote} he had a tp in the big huge bearish candle and it got triggred. so people who were long their stoplosses got triggered by the big bearish candle, yet you say the market gapped over their stoplosses? strange, odd brokers there, maybe that's why they went bust for bad pracitces.
You are further demonstrating you do not have a clue what you are talking about.
  • #634
  • May 22, 2018 11:12am May 22, 2018 11:12am
Quoting londonboy
{quote} You are further demonstrating you do not have a clue what you are talking about.
well i am just explaining to you what happened on that fateful day. his tp was triggred in that big bearish candle, surely people had stop losses contained within the big candle also, yet their stops were not triggered? strange.
Love the life you live, live the life you love
  • #635
  • May 22, 2018 11:21am May 22, 2018 11:21am
Quoting rere35
{quote} well i am just explaining to you what happened on that fateful day. his tp was triggred in that big bearish candle, surely people had stop losses contained within the big candle also, yet their stops were not triggered? strange.
I am bored of this now. All you keep doing with every reply is demonstrating you do not know what you are talking about.
  • #636
  • May 22, 2018 11:23am May 22, 2018 11:23am
Quoting londonboy
{quote} I am bored of this now. All you keep doing with every reply is demonstrating you do not know what you are talking about.
well to be honest getting bored as well lol good day to you. trade well.
Love the life you live, live the life you love
  • #637
  • May 22, 2018 12:21pm May 22, 2018 12:21pm
Quoting londonboy
{quote} Why is that? Because a market maker it trying to stop loss hunt you your 0.05 lot with a 30 pip stop loss lol please. You really think they are bothered about that? how about YOU have put your stop loss in the wrong place! You have followed the crowd like a sheep and made it very easy for the market to move where the accumulation of stop losses have been positioned, like all the other amateurs.

Thanks for your nice reply with great detail.
  • #638
  • May 28, 2018 2:06pm May 28, 2018 2:06pm
Quoting londonboy
{quote} All you keep doing with every reply is demonstrating you do not know what you are talking about.
Would you explain, how? I am really interested to your details. Thanks in advance.
  • #639
  • May 28, 2018 8:36pm May 28, 2018 8:36pm
I never use stop loses. I havent used them in years i heard a man talking about it who traded the stock market. when i stopped using stop loses i quit losing money. just make sure if you do not use a stop lose that you are trading with the trend and not against it.
  • #640
  • May 28, 2018 11:08pm May 28, 2018 11:08pm
Any trader who makes a profit regularly is a real trader. Some do it using stop loss, others do it without it, sweeping generalizations cannot cover them all, I think.
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