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Stop-Hunting Question

  • #81
  • May 29, 2012 6:02pm May 29, 2012 6:02pm
Quoting Monroe
is that really stop hunting by the brokers? or is that just idiots getting swept cause they have no idea how to trade or place stops or limit risk heading into certain times?

If you know how and why prices are quoted and why the spread widens you would think otherwise. As I said this is not 2003 anymore.

don't think brokers are out to get you. Just stay with a reputable broker. They dont need to stop hunt, they make a shitload without it. Its much more regulated now. The stop hunting is done by the BSD's....

There is also some great advantages...
I'm not saying all borkers do this, but it still happens. And you are correct. In this day and age, their really is no stop hunting by the borkers, other than some of the things I mentioned. And certain borkers do widen their spreads some at certain levels in order to hit stops.
Mark ... Everything you have been told is a LIE
  • #82
  • May 29, 2012 6:04pm May 29, 2012 6:04pm
Quoting spzd
I'm not saying all borkers do this, but it still happens. And you are correct. In this day and age, their really is no stop hunting by the borkers, other than some of the things I mentioned. And certain borkers do widen their spreads some at certain levels in order to hit stops.
yes i hear you but thats still not stop hunting, thats just a consequence that happens because of liquidity circumstances... does it hit stops? of course.... thats how the market works. Do they get a little scummy on shitty platforms like MT4... yea agreed. I hate that platform and avoid it. Thats still not brokers hunting stops.... why would they take on that risk (and yes it would be very risky for them) when they could just call up some guys to do it for them....

shady brokers i cannot speak for, but you guys should not be there.
  • #83
  • May 29, 2012 6:06pm May 29, 2012 6:06pm
Quoting Monroe
those nickle and dime positions are played off each other on their books... they hedge the net risk on the interbank market. They bring in the cash just on commissions or spread and a little statistics. It's a nice business.
And you know this how? The brokers told you? Yep, the brokers told you, because that's exactly the same things they said to me. All you are doing is repeating the blatent lies off of their websites.

Yet, a few posts back is a record of one paying out 200k in fines to regulatory agencies. If you look up records you will find fines much more recent as well, from various brokers.

And when the brokers trade on the interbank market, they are at risk too, that isn't a guaratee their trade will work. What happens when they lose the hedge and money from the traders? Those trades that they only made a 1-5 pip spread on aren't going to help them much. Also what about the brokers that say they don't trade at all?

You have drank the coolaid Monroe.
  • #84
  • May 29, 2012 6:09pm May 29, 2012 6:09pm
Quoting Monroe
yes i hear you but thats still not stop hunting, thats just a consequence that happens because of liquidity circumstances... does it hit stops? of course.... thats how the market works.
Again I'm in agreement. This really isn't true stop hunting. The one's who do hunt stops are not the borkers, but the banks and handful of big players. And they are not after any minor retail trader. The retail trader just ends up as collateral damage in the games the others play.
Mark ... Everything you have been told is a LIE
  • #85
  • May 29, 2012 6:11pm May 29, 2012 6:11pm
Quoting KumoDragon
And you know this how? The brokers told you? Yep, the brokers told you, because that's exactly the same things they said to me. All you are doing is repeating the blatent lies off of their websites.

Yet, a few posts back is a record of one paying out 200k in fines to regulatory agencies. If you look up records you will find fines much more recent as well, from various brokers.

And when the brokers trade on the interbank market, they are at risk too, that isn't a guaratee their trade will work. What happens when they lose the hedge and...
dude seriously shut up... your a dimwit and a liar. And i dont see them paying fines for stop hunting.

Instead of losing money this week, spend it on a plane flight, the offer is still on the table with all that shit you talk. You could use a good beating.

It may be time for a username change cause Kumodragon is pretty tarnished...
  • #86
  • May 29, 2012 6:12pm May 29, 2012 6:12pm
Quoting spzd
Again I'm in agreement. This really isn't true stop hunting. The one's who do hunt stops are not the borkers, but the banks and handful of big players. And they are not after any minor retail trader. The retail trader just ends up as collateral damage in the games the others play.
right on... and good luck to you and your trading.
  • #87
  • May 29, 2012 6:12pm May 29, 2012 6:12pm
Quoting Monroe
yes i hear you but thats still not stop hunting, thats just a consequence that happens because of liquidity circumstances... does it hit stops? of course.... thats how the market works. Do they get a little scummy on shitty platforms like MT4... yea agreed. I hate that platform and avoid it. Thats still not brokers hunting stops.... why would they take on that risk (and yes it would be very risky for them) when they could just call up some guys to do it for them....

shady brokers i cannot speak for, but you guys should not be there.
So true. I hate that platform. All these traders would serve themselves better by going to a broker with an option of a much better platform.
Mark ... Everything you have been told is a LIE
  • #88
  • May 29, 2012 6:13pm May 29, 2012 6:13pm
Quoting Monroe
dude seriously shut up... your a dimwit and a liar. And i dont see them paying fines for stop hunting.

Instead of losing money this week, spend it on a plane flight, the offer is still on the table with all that shit you talk. You could use a good beating.
LOL, internet ninja ahahahah. I'll bet you weight all of 120 pounds soaking wet.

Hey aren't you late for your shift?

P.S. Monroe is losing the agrument and just made it plain what a complete idiot he is, so now he is resorting to threats, since all his arguments have been proven to be opinion or complete B.S.

P.P.S. Nobody is afraid of you litttle boy. If I did feel like taking a trip is sure wouldn't be to whatever ghetto you live in.
  • #89
  • May 29, 2012 6:14pm May 29, 2012 6:14pm
Quoting KumoDragon
LOL, internet ninja ahahahah. I'll bet you weight all of 120 pounds soaking wet.

Hey aren't you late for your shift?
LOL wow... did you just google a new line? nice man... i used that one back in high school.

you're right it is getting late, it's been good fun, enjoy the losses.
  • #90
  • May 29, 2012 6:20pm May 29, 2012 6:20pm
Quoting Monroe
LOL wow... did you just google a new line? nice man... i used that one back in high school.

you're right it is getting late, it's been good fun, enjoy the losses.
No losses for the last three weeks buddy, up 40%, thanks for asking though. Hey make sure and check those 1 cent per pip trades when you get back from your shift.
  • #91
  • May 29, 2012 6:24pm May 29, 2012 6:24pm
Quoting KumoDragon
I've heard this argument before in terms of, "do brokers stop hunt." And IMO yes they do have incentive. Add up all the mini, micro, fractional lot account across a broker, that adds up to a lot of money, that adds a lot to a brokers bottom end. Even if all they are trading is micro lots, mutliply that by all the thousands of people just messing about in forex, it adds up to a lot, even more if they stop hunt.

If they don't stop hunt and all those micro account win or break even, they are out a lot of money. One of the things you learn when...
I think we need to make some clarifications.

The brokers did not allow retail that access to `hunt` their stops. The real reason they let retail in, especially with all that leverage, is because the average retail trader is worst than clueless. Not only does that help give them the account in the long run, but retail traders that feel the exhilarating need to jump in and out of trades several times an hour rack up a lot of volume, and that translates to profit from the spread. The broker is profitable by the spread alone, save for times they can`t hedge effectively, ie. news, which is why they widen their spreads - to protect their bottom lines, as liquidity dries up - not part of some evil scheme.

I think the misunderstanding here is terminology.

A broker does not `hunt stops`. The term is usually used by forex traders to indicate when larger participants who need liquidity, actively try to push price to trigger stops, to fulfill whatever obligations they have - taking on or exiting a position. A retail broker is never going to be seen doing this. Everyone can see a real stop hunt. If you are the only person who is a `victim` of this practice, then chances are it`s shady activity by your broker. I think that distinction should clear up a lot of confusion.
  • #92
  • May 29, 2012 8:40pm May 29, 2012 8:40pm
A question that should be asked to those that believe in stop hunting by the broker...

How large of a stop is safe?
  • #93
  • May 29, 2012 8:41pm May 29, 2012 8:41pm
Did you know?...

We are all hunting stops.
  • #94
  • May 29, 2012 10:22pm May 29, 2012 10:22pm
Great post Trizz!

This market is so interesting when we find areas that force people to make trades or areas that large traders can trade w/o moving price very much.

Quoting 2+2=4ex
Did you know?...

We are all hunting stops.
Stops make the world go 'round
  • #95
  • May 29, 2012 11:39pm May 29, 2012 11:39pm
Quoting KumoDragon
No losses for the last three weeks buddy, up 40%, thanks for asking though. Hey make sure and check those 1 cent per pip trades when you get back from your shift.
I never asked and never would ask. I know now that you're a compulsive liar though.
  • #96
  • May 29, 2012 11:41pm May 29, 2012 11:41pm
Quoting EmeraldEyes
Great post Trizz!
indeed
  • #97
  • May 30, 2012 9:26pm May 30, 2012 9:26pm
Quoting mogulmedia
It's requotes that annoy me more. Every time it happens I am convinced it's just so the broker can manipulate prices!

Problem is there is little that can be done to prove it.

I am seriously considering moving to Ninjatrader soon to trade forex futures instead...
all those are is that price has changed since you pressed the button and the can not give you you price that was quoted on the ticket so the requote you

its not a shady dealing by the broker... its simply an inefficiency of MT4

most platforms do it... its just other platforms are simpler and quicker to re enter the order...

i hate mt4
  • #98
  • May 31, 2012 8:51am May 31, 2012 8:51am
Do brokers stop hunt? Not as often as people probably think. But if there was a large group of stops in an area, it'd be relatively cheap to hit them, and would benefit them, then sure. Most people would do the same thing
  • #99
  • May 31, 2012 9:23am May 31, 2012 9:23am
Hey Nutsoid, Trizzle's post above is accurate.

A broker now days can't run their client's stops bc it will expose them to traders that will take advantage of the mispricing and use it to trade the other way.
  • #100
  • Last Post: Feb 14, 2015 9:17pm Feb 14, 2015 9:17pm
Well, there has been a heated exchange here, but I'll throw my $0.02 worth . BANKS hunt stops, not brokers. They don't do it out of spite, but out of necessity.
Banks are looking for pockets of liquidity to execute large orders. I think Darkstar and others have made this point before, so I don't know why this "broker hunting stops" myth persists.
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