It looks like the NFA is finally stepping in to put broker's on notice that stop hunting, as least gross pricing disparities, aren't going to be tolerated.
I can not seem to establish if the article you refer to relates to the USA or Australia or worldwide
Do you know ?
The sooner we can get rid of market manipulators, stop hunters etc the better imo
They are a considerable thorn in my side --- lets get rid of them
A nasty nasty practice but it goes on all of the time
It looks like the NFA is finally stepping in to put broker's on notice that stop hunting, as least gross pricing disparities, aren't going to be tolerated.
Stop hunting I observed a particularly blatant stop hunting episode last night. Not the frequently suspected hunter-killer zip zap faster-than-the-eye-can-follow all gone routine in the midst of lots of action BUT, Trading AUD/NZD and AUD/USD, NZD/USD the market was very quiet for maybe 10minutes so I decided to go to bed but thought that a correction was likely so instead of tidying everything up and closing down as I would usually do I set up 4 stops. As I indicated the market was very quiet. The stops are never very close to the action with these pairs other than AUD/USD and one was some distance away. No sooner had I placed the stops then I observed the cursors on the graphs move slowly and deliberately to each one of my stops in turn and trip them all and return to where they had been sitting.
Just like a croupier gathering all the chips after the hand has been played.
Is it someone at my forex provider who does this? I assume that they are the the only participants who can see my hand in the market in this detail.
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Originally Posted by arco
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