stop hunting

[yari123]

could someone explain this more clearly?

does this mean simply setting price targets based on anticipation of stops triggering pressures on prices? so many new long positions opening at a round number will create a upward pressure, while a retracement back to a stop-loss will create selling and a cascade effect resulting in a downard pressure?

im confused.

[certicex]

me too

[tymen1]

Try the following link to as a starter to try answer your question :Stop Hunting

Better people than me will be able to give you more detail on specific parts of your question.

Kind regards, Tymen Wortel, Perth, Western Australia.

[chofman]

I've read stop-hunting to be described as institutional traders at banks and market-makers at retail forex brokerages driving the price into their customers' stops or the stops of other traders. Since a brokerage can quote its own internal forex prices, it has the ability to move its prices from the normal interbank rates to trigger customer stops.

[tymen1]

If you feel that your broker is up to shifty business then compare the 1 hour prices with the prices on the following hyperlink of a NDD broker that uses ECN.

You can compare the prices pip by pip every second!

Set the time frame of your charting program to 1 hour.

EFX - IntelliChart

Regards, Tymen Wortel, Perth, Western Australia.