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  • #114,501
  • Jun 24, 2009 3:10pm Jun 24, 2009 3:10pm
Quoting FX-Petra
Retail traders do make money riding the backs of hedgefunds when they go on a stop hunt. Agian, I refer you to Darkstar's stop hunting thread, if it is still availble. The first thing you have to know is where the stops are. Thomson financial is a news service that gives some information on stop locations. Stop hunting is a very indepth topic that cannot be fully discussed in the confines of this thread.
Hi FX-Petra, can you please send a link to Darkstar's Stop Hunting Thread. I looked for it but could not find it under his threads. thanks.
  • #114,502
  • Jun 24, 2009 3:11pm Jun 24, 2009 3:11pm
Quoting traderathome
Acumen, you speak as a person with knowledge in this area. So, I'd like to ask you a question about just HOW do the banks move the price so fast, so far. If this was the stock market, I'd surmise two "desks" collude, one buying what the other is selling or visa versa.....fast & furious to make sure the price moves before too much volume is required. Same in forex?
Hey, TraderAthome, in my honest humble ultra-noob opinion in order for price to freely move up for example without any significant resistance to be found market makers/manipulators/operators/banks/swarms of hedgies would probably try to accumulate enough longs to dry up the remaining floating supply which could eventually prevent price for further up moves. I guess this could be observed when you see price trying to "base" and it looks like a box or a rounded bottom with wicks to the downside and some bullish hammers that u could discern forming. Basically I think that they try to dry up the remainig supply that is out there by absorbing it thus "accumulating/stacking" longs and then launch a crushing move up which would also trigger weak shorts`stops who came late to the party. They can only do so much tho since somewhere along the line a bigger fish would probably see price as ripe for shorting at some point in time.

I really hope I am not terribly far off from the right explanation but I think that this could be the basic market mechanism for fast and furious moves. Drying up the floating supply/demand that could be a possible barrier and then launching the premeditated move.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #114,503
  • Jun 24, 2009 3:16pm Jun 24, 2009 3:16pm
Quote
Hi FX-Petra, can you please send a link to Darkstar's Stop Hunting Thread. I looked for it but could not find it under his threads. thanks

Yes... anyone who knows, please post the link.
  • #114,504
  • Jun 24, 2009 3:17pm Jun 24, 2009 3:17pm
Quoting gatorinla
3888 was hit i think or real close.. one platform i have shows 89 if we breach this and hold go down the list. 3837.. we bounced back to 3941 missed my 3943 number oh well shoot me..as said earlier i could get closer but not wasting the time just yet..original post has charts #114397

repost below.. chts at #114397

yeah i turned...
ok we hit the 43.. now.. down should be in the cards look for signs
those who can, do. those who cant, talk about those who can
  • #114,505
  • Jun 24, 2009 3:22pm Jun 24, 2009 3:22pm
Quoting djambazov84
Hey, TraderAthome, in my honest humble ultra-noob opinion in order for price to freely move up for example without any significant resistance to be found market makers/manipulators/operators/banks/swarms of hedgies would probably try to accumulate enough longs to dry up the remaining floating supply which could eventually prevent price for further up moves. I guess this could be observed when you see price trying to "base" and it looks like a box or a rounded bottom with wicks to the downside and some bullish hammers that u could discern forming....
It is the "...then launch a crushing move up...." whose mechanics needs explaining, since such moves obviously have nothing to do with any real relative value within the currency pair involved, and nothing to do with the established trading range. Such moves "just happen", as though someone waved a magic wand! ......whamo, within minutes the price is 100+ pips away! And sometimes, WITHIN A FEW HOURS, whamo.....and the price is right back where it started from!!!!! It all happens too often, and too fast for it to require that some "consortium" has "bought up" all the available positions such that supply is dry before it happens.
  • #114,506
  • Jun 24, 2009 3:23pm Jun 24, 2009 3:23pm
You are looking to go long again now... As a noob may I ask why? Even the 5 minute chart doesn't really show that the down trend is over.

Thank for any interesting info to clarify this out.
Close your eyes when you feel you are going under.
  • #114,507
  • Jun 24, 2009 3:24pm Jun 24, 2009 3:24pm
I dont think long would be a good play right now. Wait for Daily close and see how Asian sessino reacts. My insticnt tells me that we might be going higher cause we aren't crashing if the fed gave any signals of dollar strenghts we would have crashed so i wouls said wait patiently till at least next week
  • #114,508
  • Jun 24, 2009 3:33pm Jun 24, 2009 3:33pm
Quoting traderathome
Acumen, you speak as a person with knowledge in this area. So, I'd like to ask you a question about just HOW do the banks move the price so fast, so far. If this was the stock market, I'd surmise two "desks" collude, one buying what the other is selling or visa versa.....fast & furious to make sure the price moves before too much volume is required. Same in forex?
banks trade against each other and like all other traders, mostly lose. They make there money in fx from the commision (spread) they charge from actually exchanging money for their clients, not from trading which as I said, is mostly done at a loss. except for the most illiquid times, banks cannot deliberately move this market. They are at the mercy of the market and have no idea what will happen to price in the future. No participant can launch a crushing move. The playing field is level. With a good broker, the retail trader has as much chance as anybody else of taking pips
BTC Return This Year: na
  • #114,509
  • Jun 24, 2009 3:35pm Jun 24, 2009 3:35pm
Quoting gatorinla
ok we hit the 43.. now.. down should be in the cards look for signs
Gator, so you predict 1.3837 will be reached as your next target?
On my platform 1.3888 was reached indeed.
Close your eyes when you feel you are going under.
  • #114,510
  • Jun 24, 2009 3:52pm Jun 24, 2009 3:52pm
Quoting VinzZ
Gator, so you predict 1.3837 will be reached as your next target?
On my platform 1.3888 was reached indeed.
no.. but its the next on the list. i gave you the map. im not driving the car..this car has reverse.. but what direction is it pointed? lets get back to 88 first.. this war is won in small battles by individual grunts..
those who can, do. those who cant, talk about those who can
  • #114,511
  • Jun 24, 2009 4:15pm Jun 24, 2009 4:15pm
hi fellas i am short at 1.3939 and intend to trail it to 1.3843 using 50 pips stop ,as my 30min has a downward channel same as my 1H.what do u guys think.
  • #114,512
  • Edited 4:30pm Jun 24, 2009 4:16pm | Edited 4:30pm
Quoting VinzZ
Gator, so you predict 1.3837 will be reached as your next target?
On my platform 1.3888 was reached indeed.
jw's parobolic 4h has turned bearish.. the day still bullish but it only had 2 dots.. bull may be sleeping.. rci macd stochastic show signs of going down..day ect. if nothing changes we go down. check out these indies..learn to use them. things can change and downs not a straight line.. 4 steps foward 3 steps
back..

japans in the toilet.. asian session should continue lower move.. but im no rocket surgen.. just a nut on the net.. beating same old drum about gasoline and copper.. oil commodities..things are less rosy then the elite are saying..japan exports down 40% e-z should be down at least half that percentage. wallmart is the canary in the coal mine for how china is doing.
those who can, do. those who cant, talk about those who can
  • #114,513
  • Jun 24, 2009 4:19pm Jun 24, 2009 4:19pm
I think we may retrace to 1.398 area during asian before heading on down. Gator what u think
  • #114,514
  • Jun 24, 2009 4:22pm Jun 24, 2009 4:22pm
Hey does anybody in here use dealbook 360 and if so do you know how to set the pivot indicator for daily pivot's?
  • #114,515
  • Jun 24, 2009 4:32pm Jun 24, 2009 4:32pm
Ok let me be more specific there are two settings start time and candles to show, the first is automaticly at 0 but my daily candles start at 19 because im us/central so i assume i should put that at 19 and the next one im wondering if i should put 24 and set it on the hourly chart? kind of confusing
  • #114,516
  • Jun 24, 2009 4:41pm Jun 24, 2009 4:41pm
Quoting M.A.C.Doug
banks trade against each other and like all other traders, mostly lose. They make there money in fx from the commision (spread) they charge from actually exchanging money for their clients, not from trading which as I said, is mostly done at a loss. except for the most illiquid times, banks cannot deliberately move this market. They are at the mercy of the market and have no idea what will happen to price in the future. No participant can launch a crushing move. The playing field is level. With a good broker, the retail trader has as much chance...
Well, if thats the case, damn, its on like Donkey Kong! Now, where is my piggy bank...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #114,517
  • Jun 24, 2009 4:51pm Jun 24, 2009 4:51pm
Oh, the six lights method of MissPips, yep that is 1M scalping and sometimes let a good trade run on higher TF's.

If you like that method please follow the posts of MissPips regarding the MTF trading method.

I trade multi screens instead as I like to see the Trix pattern for divergence detection.

Quoting gatorinla
thanks.. i wa curious about lights.. i heard 6 like lights is needed. i traded on tick once.. 40 good trades in a row.. dont want to talk about 41..that ended my scalping career for months.. i still rarely do it..
  • #114,518
  • Jun 24, 2009 4:55pm Jun 24, 2009 4:55pm
I don't believe Darkstar specifically had a "Stop hunting" thread but he does cover that sort of thing in this one and of course it should be on a Short List of Required Reading before trading live, starting new theads, or even posting at FF imo.

The Structure of Forex Brokers

The Admin team hid it at the top of the Borker Forum as a Sticky.

No wonder no one can find it.

Some of you might be thinking of this one...
Quoting Darkstar
Buch of bad info in this thread. Let me break it down for you.

Brokers don't hunt "your" stops. Contrary to popular belief, your just not that important. What they hunt are "concentrations" of stops.

Say you have a nice clean up trendline. Technical trader lore says that if that trendline gets pierced, the trend is reversing so you should put your stop just the other side of it. Well guess what. Everyone has their stops in the same...
FUBAR...
  • #114,519
  • Jun 24, 2009 4:58pm Jun 24, 2009 4:58pm
Quoting gatorinla
jw's parobolic 4h has turned bearish.. the day still bullish but it only had 2 dots.. bull may be sleeping.. rci macd stochastic show signs of going down..day ect. if nothing changes we go down. check out these indies..learn to use them. things can change and downs not a straight line.. 4 steps foward 3 steps
back..

japans in the toilet.. asian session should continue lower move.. but im no rocket surgen.. just a nut on the net.. beating same old drum about gasoline and copper.. oil commodities..things are less rosy then the elite are saying..japan...
Thanks Gator for all the info. I know all of those indicators, but I mostly use none... Sometimes I use TSI indicator, not many people use it... But I kinda like it because it has (almost) no lag. Ah, maybe it is just me to have something to confirm myself.

I'm actually strugling with myself to stop scalping. I'm investing my time on the dayly and 4H chart. My goal is to enter no SL nor TP. And evaluating at the end of the day to lock in or take profits, and for losses to keep the trades open if the trend is changing or accepting the loss. That way it would be more relaxing to trade. Ofcourse that would be with a very small % so it wouldn't hurt if a day is -250 pips...

Well maybe many people will find it silly, I donno...
Close your eyes when you feel you are going under.
  • #114,520
  • Jun 24, 2009 5:08pm Jun 24, 2009 5:08pm
Quoting gatorinla
no.. but its the next on the list. i gave you the map. im not driving the car..this car has reverse.. but what direction is it pointed? lets get back to 88 first.. this war is won in small battles by individual grunts..
1.3837 is so close to my 1.3850 number, it's like a magnet that keeps on coming back. EU is hitting 1.3850 for over a month now that I think it once will slice through it to stall at some lower point.
Close your eyes when you feel you are going under.
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