what is the reason? stop loss question

[billv]

Anyone who thinks "the big boys are gonna stop me out" needs to stop trading and take their meds.

haha true about the meds, however, they are after liquidity and areas with clusters of stops would be attractive to all kinds of charlatans so I don't blame anyone for hiding their SL or TP.

 

[billv]

Can just one person link to an article about a CFTC regulated broker doing this?.

The stop hunt spikes we were seeing 10 or so years ago are not common these days but I have seen significant differences in bar prices when there is market turbulence and the usual broker excuse is that forex does not have a central exchange so prices can vary.

 

[systematictrader]

Can just one person link to an article about a CFTC regulated broker doing this?

Forex traders need to stop trading and take their meds...holy shit. I've never met a more arrogant, entitled, and complete schizo group of people that think the "big boys" want to come after their pissant $2000 100x leveraged account. No wonder no one takes spot forex seriously. The people that trade it need legitimate psychological counseling. I don't have enough fingers and toes to count the amount of people who go on trading forums complaining of stop running at a CFTC regulated broker (such as Oanda) who are trading blind with an overlevered sub $10,000 account. I literally can't take these people seriously. When they win it's their "super system" when they lose it's "clearly stop running". These people need to stop trading and get help.

Its the self serving bias jn just about any business

 

[systematictrader]

i dont consider myself as trader, but so far ppl been kept saying forex is biggest market in the world, nobody can move the market price, etc

if the statement above held true, why some money manager/retail trader do not disclose their stop loss/take profit level? their intention of hiding is because doesnt want public to know as they will go opposite? this seemed contrary from the idea no one moves the price. this question is meant for majorly traded fx pairs, not exotic pairs

Cant move it doesnt mean they cant push it in the short term

 

[billv]

lets say john is a trader manage 500k capital account, he kept his secret about his entry/stoploss/TP level because he doesnt want his trade position to be a magnet to other trader or bigger hedge fund? so by keeping his entry/SL/TP level secret, the chances of market turning his favor would be higher?

I doubt that market turning in his favor will be impacted much by a hidden SL but in my opinion a visible TP could work in his favor if his positions are large enough and they happen to be close to a liquidity zone.
There are many ways to trade but I doubt that a trader with a large capital would be using SL's

on contrary side, your first sentence mentioned big institutional can move the market. what is the purpose of big institutional trading the market? do they have same goal as retail trader? make money from the market or their purpose is fixing price to a "justifiable" level to reflect the current economy status? or there is something else?[/QUOTE
I said they can, and not that they are necessarily doing it.
It depends on their purpose for being in the markets but everyone who is trading want to transact at the best possible price so they can make money for themselves, or for their client/s.

by moving market, i assumed big institutional when trade, the rest of the bigger firm let each other know and they all follow the same direction, thats why market price move?

I'm sure they have visibility of each other's positions and can work with each other to move price in certain directions or they stay out of the way and let others do their moves.
Its a complex topic and there are many players so there are many possible scenarios.

and the next question leads to all those signal provider and charging a fee for it, why it would make sense charging ppl receiving trade signal if you want the market goes to your favor, u suppose to let more people know, charging fee only let small group of paid cust know, which is the opposite.

Well, the majority of retails traders lose all of their money and even if some of them follow profitable signals they can still lose money because they are often under-invested.
They don't have enough capital to handle large price moves so sooner or later the broker will take their money.

 

[Zalak]

I can not disagree with you, indeed it is.

 

[Esha.J]

Every trader wishes to be more powerful with his knowledge experience and skills, he may not wish to showcase his talent to the public out there so it's possible that you won't know how do they use their profit loss ratio with stop loss strategy.

 

[Abbas Ali Khan]

agree with you, by and large to be knowledgeable, when you trade in Forex without Stop Loss your condition as like a ship in deep ocean without a rudder.