https://fxww.com/eurusd-bulls-might-be-worth-an-intraday-trade-near-1-2870/ The Professional Source Mon, 10 Dec 2012 13:13:59 +0000 hourly 1 https://fxww.com/eurusd-bulls-might-be-worth-an-intraday-trade-near-1-2870/#comment-11701 Mon, 10 Dec 2012 13:13:59 +0000 http://fxww.dreamhosters.com/?p=3576#comment-11701 From my market source, short term traders had suggested earlier to go short, looking for a break below 1.2880/75, placing stops above 1.2960.

]]> https://fxww.com/eurusd-bulls-might-be-worth-an-intraday-trade-near-1-2870/#comment-11678 Mon, 10 Dec 2012 08:23:19 +0000 http://fxww.dreamhosters.com/?p=3576#comment-11678 Well Pandu, helpful within reason of course 🙂 They certainly will not try and defend the customer but they also won’t aggressively target their big accounts. If orders are 50 pips away on a Monday morning, then they are probably ‘within range’ and could be targeted; otherwise depends on market conditions and liquidity. For instance, in USD/JPY, sometimes 5 pips is when they start due to depth of market

]]> https://fxww.com/eurusd-bulls-might-be-worth-an-intraday-trade-near-1-2870/#comment-11676 Mon, 10 Dec 2012 07:52:44 +0000 http://fxww.dreamhosters.com/?p=3576#comment-11676 Sean, your webinar on stop hunts was very enlightening, thanks for a great session. I have two questions: you said dealers go for stops usually when they are within 15-20 pips. a) What do they do if the big stops on either side are about 50 pips away? b) It may happen often that the orders they see on the books are ‘protective stops’ by the customers. Customers probably do not want those orders executed. Do the dealers target these stops regardless, or they selflessly try to help the customers (the big ones?) by pushing prices the other way? I can almost hear the laughter, but had to ask since you seemed to indicate that the dealers are just doing their jobs which I presume is helping customers? 😉

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