Technically Fundamental
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I do 1 lot at 20 ticks already hahaha.
To be honest, I dont know what you guys see at pins, inside bar and stuff. You just need to know where the price is going to stop and move back. It does not matter if it`s a reversal or just a retracement. If you look you find the hot spots pretty easy.
I do 1 lot at 20 ticks already hahaha.
i thought you where sbing?
Can't see why not if certain, bigger locals made squeeze plays and assuming enough volume got put in at these levels from people following the thread. Can see it happening on shorter timeframes - longer ones would obviously be more difficult. There's plenty of people following the thread, whether they are actually trading it is a different matter.
your missing one important thing, almost everyone on this site spread betts lol..how does stopping out a spread better benefit anyone? (apart from maybe the spread betting company itself)
do you realise how much money is in the market? nearly 3 tril a day in forex, and you think people are out to get a few folk at a fiver a point?
I never spoke of FX, I was talking more speculative driven markets like Index futures. And, yes, there are short-term traders who look to out trade other non-professional traders in this way.
im not saying the boys in the pit dont go stop hunting on a nice quiet afternoon..but readin trade2win to do this? come on...you dont need to read a forum to work out where the non-pros are positioned..half the guys in the pit see most of the order flow anyway and can make extremely well educated guesses to where stops are anyway![]()
a bit like what the Turtle Soup system did against the Turtle system
again, he's spreadbetting at relativley small size. There is no benefit to anyone to stop out a spreadbetter.
Not to mention the amount of money it would take to move a spot market, or even a futures market even as thin as the FTSE. Remember a 'real' pin is a v-rejection of a level, it's not worth it to many people to push for stops beyond a pin unless the market goes back there itself, at which point you're probably wrong anyway.
Maybe they're just trying to get an idea of what region joe publics bids offers are. either that or people who work for the brokers will be creating new "pin-bar-stop-wipe-out" algos that adjust the "commission" spread under certain conditions.