DislikedWith all due respect and in my humble opinion I find that statement to be TOTALLY RIDICULOUS.Ignored
Stop Hunting 274 replies
Stop Hunting 11 replies
Stop Hunting? 18 replies
Stop Hunting and Demos 1 reply
DislikedWith all due respect and in my humble opinion I find that statement to be TOTALLY RIDICULOUS.Ignored
Disliked.
If I may be so bold, it appears your understanding of the finer details of the market is lacking. I tend to agree with your basic objection, but it's obvious you have an axe to grind so I'm calling you out.Ignored
DislikedFirstly, recent figures say that the forex market is between 3 and 4 trillion dollars per day but that's really beside the point.Ignored
QuoteDisliked
The $3.98 trillion break-down is as follows:
- $1.490 trillion in spot transactions
- $475 billion in outright forwards
- $1.765 trillion in foreign exchange swaps
- $43 billion Currency swaps
- $207 billion in options and other products
QuoteDislikedForeign exchange spot turnover rose to $1.5 trillion in April 2010 from $1.0 trillion, an
increase of 48% at current exchange rates
DislikedTo believe that someone with a 100k account can move the market; not gon'na happen.Ignored
Dislikedmoving the market by 15 pips or so to take out clusters of stopsIgnored
DislikedHe was referring to spot turnover. The 4 trillion dollar number is the turnover of the entire foreign exchange market.
Copy/paste from wikipedia.
From the BIS survey
Here's the survey to anyone interested. . . http://www.bis.org/publ/rpfx10.pdfIgnored
DislikedAnd at the same time you say:
Impossible and "not that likely" are two different things you know. Darkstar just said that it's possible (which is true), not "likely", nor that you should try to move the market.
Again, where exactly did he say that we look to move the market by 15 pips and take out stops? You do have an axe to grind as you're completely missing the point of his statement.Ignored
DislikedIf you're in a market and think you've been taken out for whatever reason, you probably are on the wrong side and need to improve your technical accuracy, I suspect.Ignored
DislikedThis thread was about stop hunting so I submit that moving the market by a pip (or a nano pip) is not stop hunting.Ignored
DislikedIf you're in a market and think you've been taken out for whatever reason, you probably are on the wrong side and need to improve your technical accuracy, I suspect.Ignored
DislikedNo, you said moving price with a 6 figure account is a ridiculous statement, which was pretty dumb. (no offense to your person)
As for "moving the market by a pip (or a nano pip) is not stop hunting", who said it is? A major cluster of stops can be 1 pip or 100 pips away. And again: We're not trying to move price or trigger stops. It's not us that are trying to do that. We're just interested in the phenomena (which btw does happen in the market more than you might think, and THIS was Darkstar's point from that statement).
Do you...Ignored
DislikedAnother person who doesn't get it who helped falsly reassure the other person who doesn't get it that they both get it.
Classic FF.Ignored
Disliked"Because the human mind naturally seeks order, most stops are clustered around round numbers ending in "00". For example, if the EUR/USD pair was trading at 1.2470 and rising in value, most stops would reside within one or two points of the 1.2500 price point rather than, say, 1.2517. This fact alone is valuable knowledge, as it clearly indicates that most retail traders should place their stops at less crowded and more unusual locations."Ignored
DislikedI'd say the above statement is false. More Eur/Usd stops are found at "20" than "00".
Carol Osler > InvestopediaIgnored
DislikedAnother person who doesn't get it who helped falsly reassure the other person who doesn't get it that they both get it.
Classic FF.Ignored
DislikedBlah blah blah. You're not even an OF trader. Your "opinion" on DS and his book is of no value. - Hence my comment.
No need to put you on ignore as it's easy to not read your posts.Ignored
DislikedNo, you said moving price with a 6 figure account is a ridiculous statement, which was pretty dumb. (no offense to your person)
As for "moving the market by a pip (or a nano pip) is not stop hunting", who said it is? A major cluster of stops can be 1 pip or 100 pips away. And again: We're not trying to move price or trigger stops. It's not us that are trying to do that. We're just interested in the phenomena (which btw does happen in the market more than you might think, and THIS was Darkstar's point from that statement).
Do you...Ignored
DislikedDamn.... I'd forgotten about this post. Now that I reflect upon it, Mr. Dark Star's submission was that anyone with a 100k account could "move the market". This is ridiculous unless you're talking about extreme circumstances.
There's no doubt that you must be a follower if you're "stop hunting". Anyway, if it's only a "phenomena" then you must not be a participant and are still studying the possibility of an actual event.
You're a "theorist" who has not put into practice the idea?Ignored