Quote:
Originally posted by samfoo
look at the spike up to 1.3323 for EURUSD
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Samfoo, no that is not "stop hunting."
No offense but you may have to get your head out of the NASDAQ.
Forex is a 2 TRILLION dollar a day money-exchange market.
Guys don't sit back and hunt stops. The risk of doing so would subject themselves to millions of dollars in losses as the market moved against them in the opposite direction.
I've traded 100s of spikes like that - they are just normal rate fluctuations.
Have fun.
Best regards,
Coinz
(PS: Can you give me the exact date and time of that spike so I can look it up on OANDA - thanks.)