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Hiding stop and limit orders

  • #1
  • First Post: Mar 8, 2011 4:28am Mar 8, 2011 4:28am
sometimes i am stopped out on a long just at the bottom or i dont get my TP with the limitorder just to see the markt turns around exactly on the pip.
is it just paranoia?

i have a question to the more experienced trader here.

do you hide your orders (stop, limit)?
trading is like dancing, don't think and just listen to the music!
  • #2
  • Mar 8, 2011 7:42am Mar 8, 2011 7:42am
Quoting birdland
sometimes i am stopped out on a long just at the bottom or i dont get my TP with the limitorder just to see the markt turns around exactly on the pip.
is it just paranoia?

i have a question to the more experienced trader here.

do you hide your orders (stop, limit)?
If you see that happening to you all the time, then it means that your analysis is right about the resistance and support. If you like to avoid that, you can lower your limit by a few pips next time and increase your stop loss by a few pips. Is just a pyschological thing to set limit and stop not exactly where they are but a little beyond for stop and behind for limit. For the case of limit on a long, what happen is that when the price is getting close to your limit (i suppose it is near a resistance), people would start selling and that's why it doesnt hit your limit. For stop, it is the other way around, people usually try to push through the stop before the pair bounces back up.

I dont think you can hide your stop and limit once they are in place. If you don't want anyone to see your stop or limit, you just simply do set it. Think of it this way, why would you think someone (or even the market) would monitor your stop and limit and try to go against you when there are so many traders out there on the street. You are not the only one and never will be. So there is nothing to worry. Instead, spend some more time to analyze market behaviour and soon you'll find success in your trading. Market behaviour is a very important topic too in addition to fundamental and technical.
  • #3
  • Mar 8, 2011 9:16am Mar 8, 2011 9:16am
Quoting katongogo
If you see that happening to you all the time, then it means that your analysis is right about the resistance and support....
thx for your answer.

yes, i can hide my limits and stops.
the question is does it make sense?
trading is like dancing, don't think and just listen to the music!
  • #4
  • Mar 8, 2011 10:24am Mar 8, 2011 10:24am
Quoting birdland
thx for your answer.

yes, i can hide my limits and stops.
the question is does it make sense?
What do you mean by hiding your limits and stops? I'm not sure if i understand.

Nonetheless, i don't really see the need to "hide" them because no one will look into your limit and stop and try to go against you when your order is so small compare to the actual market. Usually the big players will stop out the majority of the market (retails traders) at significant levels, but not individual trader. As long as you dont set your stop around those significant levels, you will not feel that the market is going against you. (because you are going against the market when you try to do that)
  • #5
  • Mar 8, 2011 11:16am Mar 8, 2011 11:16am
Quoting katongogo
What do you mean by hiding your limits and stops?...
with my brokers i can hide the orders. its then called hidden order, you will then not see them in the order book.
trading is like dancing, don't think and just listen to the music!
  • #6
  • Mar 8, 2011 11:54am Mar 8, 2011 11:54am
That's just hidden from your own eyes, not hidden from the broker. It only has an mental/emotional effect to the trader, no practical effect to the general market/broker. The broker needs to see the order in order to execute it when it is triggered.
  • #7
  • Mar 9, 2011 11:07am Mar 9, 2011 11:07am
Quoting katongogo
That's just hidden from your own eyes, not hidden from the broker. It only has an mental/emotional effect to the trader, no practical effect to the general market/broker. The broker needs to see the order in order to execute it when it is triggered.
ok, i asked my broker.
it is completely hidden from the market.
trading is like dancing, don't think and just listen to the music!
  • #8
  • Mar 9, 2011 11:24am Mar 9, 2011 11:24am
No one is going after your orders, so hiding them is not going to do much for you.
  • #9
  • Mar 10, 2011 5:10am Mar 10, 2011 5:10am
Quoting smittens4212
No one is going after your orders, so hiding them is not going to do much for you.
ok, thx for your comment.
trading is like dancing, don't think and just listen to the music!
  • #10
  • Mar 10, 2011 1:56pm Mar 10, 2011 1:56pm
Lol! You silly kids. It doesn't matter if you hide your stops or not; we know where they are before you do. If you want to avoid having them hunted, put them in places where nobody would expect them to be.
  • #11
  • Mar 10, 2011 10:29pm Mar 10, 2011 10:29pm
Quoting Darkstar
If you want to avoid having them hunted, put them in places where nobody would expect them to be.
Hi Darkstar, thank you for your posts, all of them...
About the above, can you do this with relatively small stops and
decent risk-reward?
  • #12
  • Mar 10, 2011 10:40pm Mar 10, 2011 10:40pm
Quoting Darkstar
Lol! You silly kids. It doesn't matter if you hide your stops or not; we know where they are before you do. If you want to avoid having them hunted, put them in places where nobody would expect them to be.
http://icanhascheezburger.files.word...n-haystack.jpg

.
The Thief of Wall Street
  • #13
  • Mar 11, 2011 9:27am Mar 11, 2011 9:27am
Quoting Darkstar
Lol! You silly kids. It doesn't matter if you hide your stops or not; we know where they are before you do. If you want to avoid having them hunted, put them in places where nobody would expect them to be.
thats a good advice, thx.
so the best is far away than the normal, conventional 10-20 pips stop.
trading is like dancing, don't think and just listen to the music!
  • #14
  • Mar 11, 2011 9:39am Mar 11, 2011 9:39am
man trade 1m,dont put stops as u dont evn have the time

exit when u feel like it
so no one knows ur strategy
  • #15
  • Mar 11, 2011 10:02am Mar 11, 2011 10:02am
Quoting dragan53
man trade 1m,dont put stops as u dont evn have the time

exit when u feel like it
so no one knows ur strategy
good idea, but what do you do when the market is fast and going 50 pips against you in seconds?
trading is like dancing, don't think and just listen to the music!
  • #16
  • Mar 11, 2011 10:08am Mar 11, 2011 10:08am
mannnn get some experience
  • #17
  • Mar 11, 2011 11:30am Mar 11, 2011 11:30am
Quoting birdland
thats a good advice, thx.
so the best is far away than the normal, conventional 10-20 pips stop.
Using a larger stop would decrease the chance of getting stopped out, but obviously also increases the chances that you are hit for bigger losses.

For what it's worth, my advice is that if you are routinely getting stopped out on moves where you are eventually right, than your entries need to be refined much more than your stops-- you're getting pulled in early.

If you trade support / resistance, consider fading breakouts instead of playing breakouts. Instead of fading on the touch of a trendline, fade it after it breaks the trendline. IMO, horizontal price levels, trendlines, moving averages, and other forms of technical support and resistance are the places most likely to get hit by stop-hunting and where the "I was right! But got stopped out!" moves tend to happen the most.

Cheers
  • #18
  • Mar 11, 2011 11:38am Mar 11, 2011 11:38am
Quoting smittens4212
Using a larger stop would decrease the chance of getting stopped out, but obviously also increases the chances that you are hit for bigger losses.

For what it's worth, my advice is that if you are routinely getting stopped out on moves where you are eventually right, than your entries need to be refined much more than your stops-- you're getting pulled in early.

If you trade support / resistance, consider fading breakouts instead of playing breakouts. Instead of fading on the touch of a trendline, fade it after it breaks the trendline....
wow, wise words!
your words are helping me a lot and i will ask myself, what in my strategy is weak considering the entry.
and thats true, i like to play breakouts.
thx.
trading is like dancing, don't think and just listen to the music!
  • #19
  • Mar 11, 2011 12:11pm Mar 11, 2011 12:11pm
Quoting smittens4212
For what it's worth, my advice is that if you are routinely getting stopped out on moves where you are eventually right, than your entries need to be refined much more than your stops-- you're getting pulled in early...
... consider fading breakouts instead of playing breakouts. Instead of fading on the touch of a trendline, fade it after it breaks the trendline. IMO, horizontal price levels, trendlines, moving averages, and other forms of technical support and resistance are the places most likely to get hit...
Great post!
  • #20
  • Oct 27, 2011 3:20am Oct 27, 2011 3:20am
Is it possible to hide the limit orders from broker in the expert advisor?If yes is there an example of how to hide it?Cheers.
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