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EURUSD

  • #324,421
  • Nov 11, 2010 6:59pm Nov 11, 2010 6:59pm
Quoting rosssurf
Thanks so much for the info. So, tell me if I understand this correctly. New Zealands stop hunting places large sell orders hoping to hit the stop losses of anyone who is long, If these are hit the price continues to go down. and they make money. This may cause a snowball effect causing it to avalanch down since we are at such a critical area....
Long stops are sell orders, so they push price down by selling to an area where stops are clustered and they then have a lovely big pool of selling into which they can buy cover for their shorts and pick up a load of cheap merchandise into the bargain...
  • #324,422
  • Nov 11, 2010 7:01pm Nov 11, 2010 7:01pm
Quoting rosssurf
I'm not sure what this means.?.
Wellington running stops. Chuckles.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #324,423
  • Nov 11, 2010 7:06pm Nov 11, 2010 7:06pm
Thanks FibbinArchie! To determine where these stops are/might be, are they, for lack of a better term "guessing" where these stops are? Or is there somewhere where anyone is privy to such info and can see stops that are placed.
  • #324,424
  • Nov 11, 2010 7:07pm Nov 11, 2010 7:07pm
Quoting The Fool
Wellington running stops. Chuckles.

Right....I was wondering when New Zealand became the big market manipulator
  • #324,425
  • Nov 11, 2010 7:08pm Nov 11, 2010 7:08pm
Quoting The Fool
Wellington running stops. Chuckles.
not sure what this means either.
  • #324,426
  • Nov 11, 2010 7:09pm Nov 11, 2010 7:09pm
Quoting KillerWhale
If everyone looking at this forum (214) now starts buying Euro's,
Together we can make it happen and get it to 1.40 or 1.45.

We could all get rich here and then from 1.45 down to 1.35 and up to 1.50.

Way to go!!!!!
lol....
  • #324,427
  • Nov 11, 2010 7:09pm Nov 11, 2010 7:09pm
Quoting rosssurf
Thanks FibbinArchie! To determine where these stops are/might be, are they, for lack of a better term "guessing" where these stops are? Or is there someone one can see stop that are placed.
Stops are visible on the order book, but it basically works on herd mentality, ie. retail will generally put all their stops in or around the same place... and they (the big institutional players) have a very deep understanding of herd psychology...
  • #324,428
  • Nov 11, 2010 7:11pm Nov 11, 2010 7:11pm
Quoting egkid
U buying depends on??
Lol just buying, feel I can't go wrong here.

Hey I have to make some fried eggs with shaved turkey, can't go wrong there too. It's still breakfast time for me all though it is 6:05 PM here.
Shit just realize I gotta go to work morrow.
Well who cares? I don't!!!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #324,429
  • Nov 11, 2010 7:13pm Nov 11, 2010 7:13pm
Quoting KillerWhale
Lol just buying, feel I can't go wrong here.
Hey I have to make some fried eggs with shaved turkey, can't go wrong there too. It's still breakfast time for me all though it is 6:05 PM here.
Shit just realize I gotta go to work morrow.
Well who cares? I don't!!!

do you look at chart before you trade lol?
  • #324,430
  • Nov 11, 2010 7:20pm Nov 11, 2010 7:20pm
Quoting rosssurf
not sure what this means either.
Ignorance is Bliss.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #324,431
  • Nov 11, 2010 7:21pm Nov 11, 2010 7:21pm
Quoting rosssurf
Thanks so much for the info. So, tell me if I understand this correctly. New Zealands stop hunting places large sell orders hoping to hit the stop losses of anyone who is long, If these are hit the price continues to go down. and they make money. This may cause a snowball effect causing it to avalanch down since we are at such a critical area....
Quoting FibbinArchie
Long stops are sell orders, so they push price down by selling to an area where stops are clustered and they then have a lovely big pool of selling into which they can buy cover for their shorts and pick up a load of cheap merchandise into the bargain...
And, they don't even have to be real orders that they intend to get filled ... with the current EURUSD price levels, they could line successively bigger offers down towards 1.36, and along with a selling strategy (not much $$$ required in low liquidity), they then pull say the majority of those that have served their purpose of acting as a magnet, basically getting the total $ value of the currency that they want. When they've reached their target - because they can see where the next cluster of stops are, they don't go further. (Retailers like you & me can't get this info on who is parked where with what .. ie., like the who's buying what and where you see posted on forexlive.)

Now being the only game in town, err, on the globe at that time, they can pull the reverse to swing the price up, and, with this being their master plan, they've bought YOUR euros at say 1.361 through 1.364, return the price to where things started, say 1.366, and either hold or dump right away - now that liquidity is better - for a tidy profit. Since they knew their plan all along and were the only player in the game with the insight, they always profit.

Exact details on how it's done is known by few, and the code of silence keeps it from getting to us simple & largely poor retailers. Yeah, it really sucks, but that's one how and why they make their big bucks.

Most recent reference I can recall seeing in print is here ... also read about it in some decent fx book, but can't for the life of me remember which one.

http://www.forexlive.com/136549/all/...er-the-weekend
  • #324,432
  • Nov 11, 2010 7:22pm Nov 11, 2010 7:22pm
Quoting The Fool
Ignorance is Bliss.
Thats not helpfull.
  • #324,433
  • Nov 11, 2010 7:25pm Nov 11, 2010 7:25pm
I'm gonna go jerk off into a coke bottle until communique time. If I hang around here too much longer I might smarten up and I don't think I could live with meself if that were to happen.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #324,434
  • Nov 11, 2010 7:26pm Nov 11, 2010 7:26pm
Quoting Beljevina
And, they don't even have to be real orders that they intend to get filled ... with the current EURUSD price levels, they could line successively bigger offers down towards 1.36, and along with a selling strategy (not much $$$ required in low liquidity), they then pull say the majority of those that have served their purpose of acting as a magnet, basically getting the total $ value of the currency that they want. When they've reached their target - because they can see where the next cluster of stops are, they don't go further. (Retailers like...
Thanks for the explanation and the link Bel...
  • #324,435
  • Nov 11, 2010 7:27pm Nov 11, 2010 7:27pm
time for a hump on the 5m... maybe a db or a dive.. according to bear wedge.
those who can, do. those who cant, talk about those who can
  • #324,436
  • Nov 11, 2010 7:29pm Nov 11, 2010 7:29pm
I think we will se 1.33 sometime next week. I don't know if we will go any lower than that though
  • #324,437
  • Nov 11, 2010 7:29pm Nov 11, 2010 7:29pm
Quoting rosssurf
Thats not helpfull.
Ya Fool. Not helpfull at all...but funny....
  • #324,438
  • Nov 11, 2010 7:33pm Nov 11, 2010 7:33pm
Right now the money is trying to bring in the suckers. Wait and go long (short term).
  • #324,439
  • Nov 11, 2010 7:33pm Nov 11, 2010 7:33pm
Quoting mfoste1
do you look at chart before you trade lol?
No I don't !!!!!!!!!!!!!!

Would you say I need to?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #324,440
  • Nov 11, 2010 7:36pm Nov 11, 2010 7:36pm
lg still in play for now (famous last words) I seem to be letting a lot of bankable profit slide lately tho' that ain't good...

Just dug out my copy of Beat The Forex Dealer by Agustin Silvani, and there is a section on stop running in that...
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