Why even chime in with such a useless and NOT funny remark. I'm sure you can find better use of your time.
You be sure to tell us all who that wonderful broker is once you find them. You've got us all on pins and needles.
siafx: "I get more questions about stop losses than about any other subject. Clearly this strategy causes traders a lot of pain and confusion. Some of it stems from the schizoid nature of our modern markets. But most of it reflects an underlying weakness in trade management skills." http://www.hardrightedge.com/wheel/hrestops.htm what percentage of orders are accompanied by a Stop order - 10% ? 50% ? 90% ? i imagine it's a high percentage given how much the use of Stops is promoted and talked about, Stops add to market activity and create additonal liquidity but lets say it's 50% - 1 in 2 trades are accompanied by a Stop order there may be any number of reasons why Stops are used, however, every time a Stop is activated it means the initial trade is incorrect when the price moves to or through a Stop an immediate Market order is suddenly and automatically released - a new additional trade, and of course if there happens to be several or many Stops nested close together many Market orders will suddenly be executed, and if there's a 'ladder' of Stops, the price will of course run, the proverbial 'fast market' occurs, and lets not forget option levels, expirations, purchases and the fact that as the price moves there'll be new incoming orders the price movement resulting from activated Stops is a natural function of the markets . given how many initial orders are accompanied by Stops it would be unnatural if Stops Weren't activated if any of the price quotes were too different between banks, brokers, data feeds etc then massive arbitrage trading would occur against that entity and the term fx 'market maker', just a polite alternative to bookmaker the choice to use Stops or not remains with the individual trader's confidence in their trading method/system for anyone who doesn't understand price movement, why the price trades to wherever it does, i suggest they start by learning about pivots or fibonacci levels i stopped using Stops more than 30 trading-years ago
Wallace - Allow me to apologize to you for my earlier post. I came off way stronger than I meant to. Thanks for staying cool. Anyway, I happen to be a profitable trader. I come to these forums more for interaction and news than anything else. I have noting to sell and Iâm not looking for any lessons. My personal problem with Oanda is just that, my own personal dislike of them. The person who started this thread described the exact same situation I was in with Oanda. I did not like it. As far as stop running, Iâm a little mystified as to why itâs so hard to believe. But if youâre with Oanda and you like them, God bless you, my friend. Good trading to all!
I stopped using them, but yes, their chart showed their price action move 160 pips away from everyone else down to my exact stop and back up all in the space of a single tick in time. Yes, at the time I checked FXCM and Reuters just to name two, but I checked with many others. Look, there are a lot of other details to it, but for brevityâs sake Iâm simplifying things. As far as not very convincing? Who cares? Go get your stops ran by your favorite bucket shop. Seriously, Iâm done defending it. Have a good day.