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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #22,201
  • Sep 5, 2007 11:38pm Sep 5, 2007 11:38pm
Quoting Abundant
the main goal is for the broker to get rich off of you and your stops.....you set the stop and they the broker go look for it so you lose and they win....it's a sick game they play at our expense.
I am using different trading platforms with several different charts. If my broker was stop hunting wouldn't I see the difference between the different charts? I'm still not clear on the whole concept.
  • #22,202
  • Sep 5, 2007 11:40pm Sep 5, 2007 11:40pm
Quoting egutie6970
do you have a chart with the volume of the pic you posted of dow jones in 1987 vs now.... i was thinking the only we can find the true value information is comparing volumes...

nah--sorry dude
dont fret about that chart--its just an indication of what can happen especially in such findamental crisis
  • #22,203
  • Sep 5, 2007 11:40pm Sep 5, 2007 11:40pm
Today 00:06am
*ECB RATE DECISION: CONFIDENTIAL REPORT LEAKED; SAYS THAT THERE WILL BE NO ECB RATE HIKE AT SEPT 6 MEETING; Calls EMU financial system "strong and resistant" - press

well there you have it, spose we all new that though. Can we get on with the show now?
"Only when the tide goes out will we know who is swimming naked."
  • #22,204
  • Sep 5, 2007 11:41pm Sep 5, 2007 11:41pm
Quoting lepiricus
By which means are you measuring volume?
Go to VT trader, click on indicators and click on volume..you 'll see the volume appears on the chart...br
  • #22,205
  • Sep 5, 2007 11:44pm Sep 5, 2007 11:44pm
for more info on stop hunting:

http://www.forexfactory.com/showthread.php?p=7237

http://www.investopedia.com/articles...topHunting.asp

http://www.forexfactory.com/showthread.php?t=5289


and if u have more queries--dont make me come and stop hunt your trades--
  • #22,206
  • Sep 5, 2007 11:44pm Sep 5, 2007 11:44pm
Quoting rodders
I am using different trading platforms with several different charts. If my broker was stop hunting wouldn't I see the difference between the different charts? I'm still not clear on the whole concept.
Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set their stop-loss orders.
  • #22,207
  • Sep 5, 2007 11:45pm Sep 5, 2007 11:45pm
Quoting lepiricus
By which means are you measuring volume?
There's no way you can find the actual volume on the market. Forex is unregulated . There is no centralized body to determine the true volume. Forex is always relying on the Futures and options volumes which comes out every week .
  • #22,208
  • Sep 5, 2007 11:46pm Sep 5, 2007 11:46pm
Quoting rodders
I am using different trading platforms with several different charts. If my broker was stop hunting wouldn't I see the difference between the different charts? I'm still not clear on the whole concept.
Stop hunting is a real trade, or a set of trades. Therefore it would cover all charts. If I understand things correctly.
  • #22,209
  • Sep 5, 2007 11:46pm Sep 5, 2007 11:46pm
Quoting auslanco
There's no way you can find the actual volume on the market. Forex is unregulated . There is no centralized body to determine the true volume. Forex is always relying on the Futures and options volumes which comes out every week .

Thats what I thought, its why I was curious.
  • #22,210
  • Sep 5, 2007 11:48pm Sep 5, 2007 11:48pm
So with the BOE statement this morning, if they raise rates unexpectedly then this will rocket up and if they hold them steady we go down?
  • #22,211
  • Sep 5, 2007 11:49pm Sep 5, 2007 11:49pm
Quoting auslanco
There's no way you can find the actual volume on the market. Forex is unregulated . There is no centralized body to determine the true volume. Forex is always relying on the Futures and options volumes which comes out every week .
No kidding? Then our volume indicators don't really show the amount of currency trading going on at that time. I'll be darned . . . another misconception exposed. Another illusion goes "poof".
  • #22,212
  • Sep 5, 2007 11:50pm Sep 5, 2007 11:50pm
Quoting pipped oFF
Today 00:06am
*ECB RATE DECISION: CONFIDENTIAL REPORT LEAKED; SAYS THAT THERE WILL BE NO ECB RATE HIKE AT SEPT 6 MEETING; Calls EMU financial system "strong and resistant" - press

well there you have it, spose we all new that though. Can we get on with the show now?
I think I'll go short . . .
  • #22,213
  • Sep 5, 2007 11:51pm Sep 5, 2007 11:51pm
Quoting lepiricus
So with the BOE statement this morning, if they raise rates unexpectedly then this will rocket up and if they hold them steady we go down?
You forgot the third option. What if they lower rates?????

I get all excited just thinking about it.
  • #22,214
  • Sep 5, 2007 11:51pm Sep 5, 2007 11:51pm
Nekkei Gap covered.. Lets see which way the market will turn now
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  • #22,215
  • Sep 5, 2007 11:52pm Sep 5, 2007 11:52pm
Quoting markam
You forgot the third option. What if they lower rates?????

I get all excited just thinking about it.
I think that will pay off Hakuna's house.
  • #22,216
  • Sep 5, 2007 11:54pm Sep 5, 2007 11:54pm
Quoting Abundant
Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set their stop-loss orders.
Now that makes sense thats why the market moves to big whole numbers, most people are placing orders and stops there. I am thinking that if my broker were stop hunting it would be obvious to me because I am using different trading platforms.
  • #22,217
  • Sep 5, 2007 11:55pm Sep 5, 2007 11:55pm
Quoting Pips_Cruiser
No kidding? Then our volume indicators don't really show the amount of currency trading going on at that time. I'll be darned . . . another misconception exposed. Another illusion goes "poof".
Well, the volume indicator shows the trade volume for your broker. If the broker is a market maker, then it is the volume for internal trades within the market maker's system, although the net of those trades would be hitting the ECN as well. (assuming it's not a bucket shop).Even then, the volume indicator would be useful only as a relative indicator, i.e. to show the volume between different time-frames as opposed to an absolute stand-alone indicator by itself.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
  • #22,218
  • Sep 5, 2007 11:58pm Sep 5, 2007 11:58pm
Quoting packetguy
Well, the volume indicator shows the trade volume for your broker. If the broker is a market maker, then it is the volume for internal trades within the market maker's system, although the net of those trades would be hitting the ECN as well. (assuming it's not a bucket shop).Even then, the volume indicator would be useful only as a relative indicator, i.e. to show the volume between different time-frames as opposed to an absolute stand-alone indicator by itself.
Gottcha. Thanks for the clarification.
  • #22,219
  • Sep 6, 2007 12:00am Sep 6, 2007 12:00am
Quoting markam
You forgot the third option. What if they lower rates?????

I get all excited just thinking about it.

only u can think of that possibility? lol

the true bear !
  • #22,220
  • Sep 6, 2007 12:00am Sep 6, 2007 12:00am
Quoting rodders
Now that makes sense thats why the market moves to big whole numbers, most people are placing orders and stops there. I am thinking that if my broker were stop hunting it would be obvious to me because I am using different trading platforms.
I' dont believe in stop hunts. When ever the price jumps on the opposite direction my momentum indicators shows that in advance. This recent spike was upto daily 5 sma. On a ranging market price can retrace to Daily 5 sma 3-5 times .
How about the 40-50% traders who got long orders?? they see this sudden rise as a normal rise. For traders who are short it's a stop hunt. Nice theory.
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