Does the high price/low price triggers stop losses?

[Falstaff]

@QuadPip

Technically you are correct since the bid and ask are on either side of the current market price. However, in practice you will find that the spread widens for a fraction of a second and it gobbles up your stop more often than not.

Yup that “Grasping hand” is a little bugger ! (and highly prized by the ‘counterparty brokers’ no doubt )

I did say ‘in Theory’ a number of times and I have no axe to grind with someone who trades through ‘Dukascopy’ - in fact it can get worse than that - I used to spreadbet the DOW (futures) and the typical spread was 14 pips. but in active times, that 14 could get ‘ahead of price’ entirely by another 10 or so !

Here’s another distortion which may not be common knowledge, but perhaps should be !

What's with the long tails?

I’ve notice this before on the short timescales, when the new candlw is formed, it often has a long tail, which you never see print. I know at a top or a bottom, you get “pin bar” formations sometimes, but tis is every single bar appearing to be a pin bar although the solid colour never goes down there. I don’t often see long wicks on the other side. Sorry if this is covered in the second half of teh pips school. Can anyone explain in a convincing way please ? [image]