Thank you very much for a very interesting post, chart and link. Very informative. Computers and the internet have certainly changed the financial markets and I think it has gotten better for the so called "little guy".
The above graphs show statistics on open orders, including limit orders, S/L and T/P orders. Depending on the graph type, the cumulative or non-cumulative distribution of orders is shown in each of 4 quadrants:
Top-right quadrant: Buy orders at a price above the current price
Bottom-right quadrant: Sell orders at a price above the current price
Bottom-left quadrant: Sell orders at a price below the current price
Top-left quadrant: Buy orders at a price below the current price
All orders for a given currency pair add up to 100%
here is the link to this chart page for your future referacene.
http://fxtrade.oanda.com/resources/t...rsummary.shtml
now ... does Oanda run your stops? I would hope not, especiealy since I use them as my broker...LOL...but there have been spikes in the past that have taken out alot of orders, BUT when this has happened Oanda has come in and corrected the spike for all there clients and set things back to coerrect for the errant spike...that shows a bit of integrety in my book.
as to your stops being taken out....well humans are herding animals and as such when we place orders we tend to place our protective orders in predictable clusters, so as the market breathes (read IS MANIPULATED) bu the big players or your broker it is very likly your stop is gonna get hit. I know this is a rather simplistic answer to you original question but I hope it helps clar things up for you.
bottom line ...is there manipulation in the markets....YES...it doesen't matter wheather it is FX, stocks, futures, or whatever you care to try and trade, some body is gonna try to wrigle the market a bit to their advantage andhttp://img85.imageshack.us/img85/364...enshot1tp3.png not yours. sooooo forwarned is forarmed...[/quote]
The above graphs show statistics on open orders, including limit orders, S/L and T/P orders. Depending on the graph type, the cumulative or non-cumulative distribution of orders is shown in each of 4 quadrants:
Top-right quadrant: Buy orders at a price above the current price
Bottom-right quadrant: Sell orders at a price above the current price
Bottom-left quadrant: Sell orders at a price below the current price
Top-left quadrant: Buy orders at a price below the current price
All orders for a given currency pair add up to 100%
here is the link to this chart page for your future referacene.
http://fxtrade.oanda.com/resources/t...rsummary.shtml
now ... does Oanda run your stops? I would hope not, especiealy since I use them as my broker...LOL...but there have been spikes in the past that have taken out alot of orders, BUT when this has happened Oanda has come in and corrected the spike for all there clients and set things back to coerrect for the errant spike...that shows a bit of integrety in my book.
as to your stops being taken out....well humans are herding animals and as such when we place orders we tend to place our protective orders in predictable clusters, so as the market breathes (read IS MANIPULATED) bu the big players or your broker it is very likly your stop is gonna get hit. I know this is a rather simplistic answer to you original question but I hope it helps clar things up for you.
bottom line ...is there manipulation in the markets....YES...it doesen't matter wheather it is FX, stocks, futures, or whatever you care to try and trade, some body is gonna try to wrigle the market a bit to their advantage andhttp://img85.imageshack.us/img85/364...enshot1tp3.png not yours. sooooo forwarned is forarmed...[/quote]
