okay. i am very pissed off right now.
In my trading I stopped using 'hard stops' a long time ago whenever I can. I have always been paranoid from stories that the brokers/ market makers will take you out if they can just knowing your stops. Now I am a firm believer of this. Last night was about the 10th time I have been taken out over night to the exact or with within a single tick of my stop. this ONLY happens to me when im in a large position and the stop is placed over night.
last night I entered into a swing position. the first hour or so I was well profitable. I wanted to let it ride out, i placed my hard stop so i can leave the PC. The moment I place the stop the market reverses. so i stop and watch...just on a non stop move in my stops direction. After my position goes back to break even I take the stop off. The moment i do this the market goes in my direction again. I leave it off for a an hour, all my gains come back plus more.
So, being that I was well profitable and assuming im just crazy I place my stop back, it was plenty wide and i needed sleep. I wake up to see the market well in my direction but i got stopped out WTF!!!!
I look at the charts. the trade was in forex futures. The futures went right up to my stop and took me out, to the exact TICK my stop was at and reversed. Then I pulled up a chart of the spot forex market, the spot market never even got that high!!!!!!!!! it stopped well before my area!!!!! MOTHER F*CKING CROOKS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!