I read in Kathy Lien's book on forex and other sources that London traders take out stops before they start the major trend of the day. I dont understand why stops have to be taken out before the major intraday starts. Is it because the open positions early in the session prevent the "real" intraday trend from happening?
Why not start the real move early in the session and just trigger stops on one side of the market. I say this b/c stop hunting tries to target both long and short. Isnt this a waste of time? Im clueless.
Why not start the real move early in the session and just trigger stops on one side of the market. I say this b/c stop hunting tries to target both long and short. Isnt this a waste of time? Im clueless.