I understand that anyone can expect a lot of stops to be within a few ticks of key levels (range extremes, round numbers, triangle shelves/floors, etc.) but I'm more interested in knowing if any entity knows exactly how many stops at a given price will initiate a new position and how many will close out an existing one.
I've heard mkt makers can see stops. It is anyone's guess if they are establishing a new position or not.
I've found that despite placing my stops at the most obvious levels on every trade, I'm only stopped out near the high/low tick of a price turn a tiny % of the time. Anyone unfamiliar with how to identify and trade ranges and chop zones properly will find themselves constantly stopped out this way.
my guess is the majority of people using stops are hit, another guess is that most traders wATCHING the mrkt,actively trading are stopping themselves out without stops,only having worst case scenario stops away from the market, they are a pain and a mental handicap, in other words all newbs are using stops and setting up a shopping spree for the hft and algos
Asking Russell futs 1146.6 on -1. Got ribeye's from costco, grilling them later after doing some last minute holiday gift shopping. Mmm. edit: moved to 1146.7