if you place stop or limit order could it be viewed by other people ? they know you place what type and what price could it be ?
Flyingforget, I'm pulling your leg. In some thinner markets like Hang Seng they will get everybody's stop because that is what they set out to do. People put their stops in the same places across markets e.g. whatever number of ticks corresonds with USD50/contract above/below last extreme. In Hang Seng it does not really matter where a stop is placed relative to where most place them, it will find it anyway. Locals make money on the reversal, brokers make money on the executions. It is in their interest to move the market to where the stops are- the market will always go from liquidity to liquidity. At the very least try and put your stop above/below the second NOT first Support/Resistence, the first is almost always taken out.
mokwit I noticed people always move the price the stop where is most placed but many are false breakout do you think people could make profits consistently by moving the price to stops where are most placed ? thank you