so it goes, I got sell signal today sell 1.45 with stop 1.46. market was 1.44 at the time of signal. Market got to 1.45, got me in, and then 1.46 in Asian session where move is normally small, 10 day atr around 160 pips, yet it managed 230 pips in Asian session (!!) and stopped me out, and reversed. Position less than 1m. I am concerned that in thin Asian session market was chasing my stop. Is it really that market will eat such a small fly ? no other traders out there ? cheap casino. or there is new substantial trend emerging as it was the case when stopped other 2 times in my career ?
The entity taking your bet is a business. As you know, businesses are there to make a profit or they go bankrupt. So the answer to whether they should take your money is obvious. When there are no other sources of money to take, then they will take what is available. So anything greater than 0 will be acceptable - your money is not too small for them. Prices can be moved at no cost to the market maker. Making a few pennies of profit is no big deal if they have nothing else to do. As you already know there's nothing to do in asian sessions.
I've been short eur.aud as long as I can remember. Nowadays it's about more like Europe vs china. I sell some, I add some, I get stopped out of some (sometimes at a profit, sometimes at a loss) but one of these days....
at the moment (4457), I'm short a medium position at 4500 with a stop to add to a full load at 4400, and a trailing 100 pip stop to buy 2/3 of a position, which right now is at 4445. If my stop gets hit, I'll have a minimum position on which I will let run against me to eternity and look for a place to get short and bring that min position up to medium. those trailing stops in the long run cost a lot more than a fixed stop
yeah. still surprised me that they would go for 5k in such an obvious way moving 230 pips in 4 hrs whenb atr 160 ! Sure copper excuse helped but it happened after copper finished the move. I have now statistically significant number of cases where there is 97%+ chance that market chased me before running away, including EU/US sessions. As I trade multiday, cant avoid asia. may have to extend stop loss or look into options or trade stopless. Yes, manipulators are after YOUR stops if you ever wondered !
That's not manipulation. It's normal business. You bought high and put in an order to sell low at your stop. They obliged and filled your orders. Actually 5k is a lot of money. They chased me for my 0.0001 cents when I used to do tests. Anyway I exited my trade for 1 point profit. At least they didn't get my money.
switch to ib, I have had many stops sitting at less than a half a pip and never been hit. You are either extremely paranoid, or dealing with a bucket shop.