Thread: Real Fx traders do not use stoploss

Originally Posted by ;

Will the actual FX traders please stand up, I repeat will the actual FX Traders please endure. . .We're gonna have a issue here.

there aren't any true FX traders. Whatever you hear or read or watch is half lived and half lied at best.

Originally Posted by ;

What's stop searching, actually? The spikes which happen during events?

How many times have you placed an order where your stop loss got hit and price turned back shortly after on your direction.

Stop hunts come in all sizes and shapes but this is the basic notion.

That really depends on where I've put my stop loss, however, it has happened sometimes. I don't really expect the market to be moving in one direction only. Nevertheless, I get what you mean.

Originally Posted by ;

quote How often have you placed an order where your stop loss got hit and price return soon after on your direction. Stop hunts come in all shapes and sizes but that is the basic idea. picture

I really don't see that as a stop searching but as a reaction of the market to an unexpected news on the JPY currency. You are able to check the volume spike. Should you exchange 5 minute charts, you are looking for trouble if you exchange before the news. . .especially if the breakout that you exchange happened in very low volume since obviously all professional traders were waiting for the news outcome.

Additionally read 'Humility' has composed. Forget about the leverage your broker offers or imposes, your actual leverage is the position size divided by the quantity in your account.

Originally Posted by ;

quote I really don't see that as a quit hunting but as a response of the market to an unexpected news on the JPY currency. You are able to check the volume spike at that time. If you trade 5 minute charts, you are looking for trouble if you trade ahead of the news. . .especially when the breakout that you trade happened in very low volume because clearly all professional traders were awaiting the news outcome.

Basic idea' of what a halt hunt is.

Originally Posted by ;

quote How often have you placed an order where your stop loss got struck and price flipped back soon after in your path. Stop hunts come in all shapes and sizes but this is the basic idea. picture

Retail just love to market Low and Buy High. Therefore Retail loses.

Here is the secret to trading success, or at least to get a foot out of the grave of the long gone.

Originally Posted by ;

quote Retail just love to Market Low and Buy High. Therefore Retail loses. Here's the key to trading success, or at least to receive a foot from the tomb of yesteryear. picture

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Yesss.
The fantastic old spike both ways. Â

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Let us see tonight Aud and tomorrow Cad. They are spike masters. Â
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You cant know what will occur in future, I believe only carry traders can go without stop loss

Originally Posted by ;

you cant know what will occur in future, I think only carry traders may proceed without stop loss

placement of stop loss we have to do, and no installation of stop loss will probably be in panic at a sizable risk to befall us. And it'd be better if we did on the demo account ahead to prepare for everything