Let's give "stop hunting" a rest

[tim_nn]

Originally Posted by carson

This isn't to say stop hunting doesn't go on - it does but is carried out by very big fish that move the entire market to where the stops are.

Absolutely. Well said that man. (But I'm afraid that's not at all what rockinride was referring to. Meanwhile I'm with Bob.)

[autofx]

Originally Posted by tim_nn

Absolutely. Well said that man. (But I'm afraid that's not at all what rockinride was referring to. Meanwhile I'm with Bob.)

You wanna move the markets take out stops some day too?

[tim_nn]

Originally Posted by autofx

You wanna move the markets take out stops some day too?

Chance as the saying goes would be A Fine Thing

[ash71]

Bob Tim nn:

I am with you guys. Besides brokerages like ACM which actually apply individual account execution / spread & price manipulation algorhthyms based on a clinical study of an individuals trading style traders who think their brokerage is "hunting" their 1 lot 10-15 pip stops are passing the buck deferring responsibilty for their own trading problems to the easiest target: The Evil Broker.

I think it has been covered weel in these forums. Brokerages run their price data through their own recources which calculate a tick-by-tick cost/bennefit risk analysis of the prices they hang how/when/where to move them. Thats their business there are many well-conceived posts on that matter I have never really had a problem with stop hunting over the course of hundreds of trades.In fact I have hunted more of my own stops.

Really the fear-of-stop-hunting crowd would do well to underst their stops are more in jeoparady of being hit because they are making bad trade calls for a list of reasons the least not of which is the trade-affecting psychology of having a constant suspicion of their brokerage!

Thanks for the good posts guys!

[el cid]

Hi Folks

This forum thread is biased towards promoting advertising space for brokers run to promote brokers.

If the Forum relied on income traders the title would have read Let's see how brokers really hunt for stops succeed in screwing traders .

To confirm my view the complaints about brokers are right at the bottom of the message board in due diligegence board so very few readers get the time to get to read the last page.

So I suggest you guys cut this crap

http://www.moneytec.com/forums/showthread.php?t=13181

El Cid

[Chris Hood]

This quote is true in every respect: "[T]he complaints about brokers are right at the bottom of the message board in due diligence board so very few readers get the time to get to read the last page."

Last year before I joined the board I performed what I thought was due diligence on a Danish FX dealer then opened a six-figure USD account with that dealer only to be promptly burned by the dealer's price manipulation refusal to honor my orders. Cost me those with me 12k. Had I had access to accurate ht information on the bucket operations of the dealer the similar dishty of FX dealers like it (most of whom pose as brokers when in fact they are dealers ie. trading for themselves against their customers) I would have steered clear of the dealer saved a lot of money not to mention the loss of time the heartache.

So to help others avoid the costly mistakes problems I encountered I believe the board should give greater not lesser prominence to information on the dishty (or hty as the case may be) of the dealers who are seeking new accounts. There are many neophytes out there who could save a ton of money with that information.

[ash71]

Chris Hood El Cid:

I am not sure I underst the frustration towards the direction of this thread. Including my last post it would appear that what is taking shape here as initiated by Bob is an examination of the idea that most stop hunting complaints are unjustified due more to trader error than brokerage intervention. That unfortunately is true- due to the fact that most people trading forex are very new to the practice placing 10-15 sometimes even 20 pip stops in any market will eventually get you stopped out by the noise even in a smooth trend IMHO.

Chris I read your earlier post on Saxo found it very helpful when I was looking for a new broker toying with the idea that "Banks" were a true anonymous trading environment. Thanks for the "due dilligence" that could have saved ME money ad I was considering them at the top of the list. When I first visited moneytec last year to research ACM I found only a few threads most were questions about ACM not answers or posts any long term real account holders. If I had found a good thread that expressed a similar combination of experiences to my own after having a live account w/ them I would have saved a lot of money as well.

The most valuable aspect of Moneytec so far by far for me has been research into brokerage dishty the exposure of particularly unethical firms. These forums have saved me time money thanks to others willing to share their experiences with the various brokers. Clearly there are only a few that provide any type of level playing field I credit this forum for providing me with direction on this matter.

That does not mean that there isn't any truth to the idea that stop hunting can get a bit overplayed.

[autofx]

I do think stop hunting is real.

some brokers are doing that to their customers worse. These
brokers should be put out of business in my opinion.

I'm not saying these bad activities don't go on.

What I am saying is:

You are responsible for the broker you pick. "Due diligence" should be taken
very seriously. In the world's largest financial market don't deposit your
hard-earned money with someone you haven't done your best to assess.
Ask around. Troll the Internet for information opinions on the broker.
Call them with rom questions pretending to be dumber than you are.
See how they treat you how consistent their answers are.

You are responsible for every aspect of your wins losses. You choose to
trade or not. You decide when. You decide why.

You. The person in the mirror.

See most people are very uncomfortable with this much freedom the
responsibility that comes with it. When the going gets tough they revert
to a childlike state try to blame someone else.

You must grow out of that to succeed at trading. There is no option.