DXY: An Example of Stop Loss Hunting and Why Does it Happen?
In today's chart I am showing you a typical example of a Stop Loss Hunt..
Many of us very often face the closing of a position without any movement in the market. Usually this happens almost every day at the close of the US market and during the opening of the week.
What happens is not simply an increase or decrease in the price but an increase in the spread by the broker and often without justification at all.
If you complain, they define it as liquidity problems and you are never right. You will not get a refund.
Sometimes these movements are printed on the chart but often there is no trace of them because they do not include the spread of the opening of the market in the price.
I wanted to raise this concern again after seeing that in a broker where I usually post DXY, and had an unjustified increase at a time when the USD pairs have not moved at all.
But even if we look at DXY on other brokers there are no changes.
This is called Stop Loss - Hunting
If you want to avoid these problems, always be careful every day at the closing of the American market around 10:00 PM London Time and at the opening of the market on Sunday at 10 PM London Time.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
In today's chart I am showing you a typical example of a Stop Loss Hunt..
Many of us very often face the closing of a position without any movement in the market. Usually this happens almost every day at the close of the US market and during the opening of the week.
What happens is not simply an increase or decrease in the price but an increase in the spread by the broker and often without justification at all.
If you complain, they define it as liquidity problems and you are never right. You will not get a refund.
Sometimes these movements are printed on the chart but often there is no trace of them because they do not include the spread of the opening of the market in the price.
I wanted to raise this concern again after seeing that in a broker where I usually post DXY, and had an unjustified increase at a time when the USD pairs have not moved at all.
But even if we look at DXY on other brokers there are no changes.
This is called Stop Loss - Hunting
If you want to avoid these problems, always be careful every day at the closing of the American market around 10:00 PM London Time and at the opening of the market on Sunday at 10 PM London Time.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.