[daedalus]

Originally Posted by trader273 »

It's not just trading in front of news. There are many other ways forex is way more manipulated than futures:

• Giant random spikes to take out stops
• If a trader is too profitable, execution slows down
• Unable to withdraw money if account is up
• Absolutely no regulation
• Trading against the broker, who controls the quotes

And to think, that there are a group or traders that just go around hunting stops is laughable. Now price might seem that its gets attracted to your stops and then reverses, but it's ludicrous to think the pros/pits traders are out to get you. Its the function of where you are putting your stops. If you put them in obvious areas, well, then how can you say they are stop hunting? Even if they are, there are still many more ways forex is rigged against the retail trader.

Lets go through these and i'll itemize which ones are outright FALSE.

1. Big random spikes, i don't deny they are there. I'll agree with you on this point, but I don't think its ANY worse than Futures.
2. Trader too profitable, etc.... THAT 110% B.S.!!! If your using some craptastic bucket shop broker sure... but its a scam anyway if you are. Use a true ECN broker like MB Trading and THERE IS NONE OF THAT.
3. 110% False if you use a REAL ECN broker.
4. No regulation, i agree, there is less regulation than futures markets without any shadow of a doubt.
5. Trading against the broker... again... USING A REAL ECN avoids this complication all together! A broker like MB Trading makes their money off COMMISSIONS like any other broker. I've attached a screenshot from my broker applet... which shows the REAL TIME liquidity and spread on each pair that changes with market conditions.



Group of traders that go around a hunt stops? The pros/pit isn't out to get me? Really? They certainly aren't my friend in a trade. They will purposely try and screw retail tradrs out of money. Why do you think when a market like the CBOT goes down the pit traders in the CME start pushing the market as far as they can in the opposite direction? Its to f**k all of the traders caught in positions in the opposite direction over at the CBOT.

[brownsfan019]

I don't even remember when the CME went down last....

[trader273]

Originally Posted by daedalus »

Group of traders that go around a hunt stops? The pros/pit isn't out to get me? Really? They certainly aren't my friend in a trade. They will purposely try and screw retail tradrs out of money.

If you know this, then use it to your advantage. If they are purposely screwing the retail traders then take the opposite side, use your amazing and spectacular knowledge to your advantage.

I guess since you like 4x so much, there are no pro's there to screw you either.

[daedalus]

thats why I said CBOT... last year... All the YM traders got stuck short and the CME pit pushed the markets 200 points against them.

[trader273]

Originally Posted by daedalus »

thats why I said CBOT... last year... All the YM traders got stuck short and the CME pit pushed the markets 200 points against them.

You can hedge the ym using the nq, er2, or es.

[daedalus]

Regardless... i'm sorry I got us off on this tangent. I've gotten a bit heated and I don't have any reason to take it out on anyone in here that doesn't agree with me.

So lets stop bickering like little immature kids over at elitetrader and get back on topic with some constructive posts.

[MC]

Originally Posted by daedalus »

thats why I said CBOT... last year... All the YM traders got stuck short and the CME pit pushed the markets 200 points against them.

I'll borrow a prior quote of yours to relate to this.

"But news events aren't exactly manipulation IMHO and anyone stupid enough to get caught in that situation deserves to lose their money."

STUPID is the common denominator. If you don't have a hedging plan you have no business trading futures. Thank god I was paper then and saw what could have happened without a proper business plan! The vehicle makes a difference, but the plan is what can make or break a trader.

[brownsfan019]

I've attempted to move the posts about futures vs. forex into a new thread. As a mod of this one area, I can only move into a new candlestick corner thread. We'll keep it here unless another mod wants to move it.