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Stop loss orders forex trading by D este
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Stop loss orders forex trading |
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Finance & Investment
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Forex traders "running" or "hunting" our stop loss orders. Does this really happen? Running or hunting stops basically means that you enter a long short position with a sell buy stop loss a few pips below above the traders entry. The price action then comes to your stop order, takes you out, then the price action immediately reverses direction often going directly to your first price target! Has anyone had this happen to them before? It is hard to believe but the big traders and world banks can make this happen. However Forex brokers really do not do this. There are two main problems with this thought process. The first is the psychology involved with this belief. Do you really believe that the Forex broker is going after your order? Is your position so important to the Forex broker's profit and loss that they will run the market up or down to take you out so they can book the spread on one more trade today? How large must your ego be to believe that the broker is lying in wait to execute your stop?! Does the trade desk then give each other a bunch of high-fives and cheer that they took you out? Hardly. What more than likely happened is that the price action ran to the of stop loss orders and then turned. There is plenty of debate out there about this topic including discussions on dealing desks, ECN brokers. Running FX Stops
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