I got this question from a club member
“When you mention stops, are you referring to my stop or other stops?”
Believe me, no one is going after your stop unless you are trading with a less reputable broker.
What I am referring to are algos that are programmed to seek out levels where stops placed by a variety of market participants are likely bunched.
The reason this is most apparent in the forex market is that, unlike CFDs, there is a common price feed so everyone with a chart is looking at the same levels, So, since all traders, for example, are looking at the same levels (e.g. high and low of the day), stops are often placed at key levels that can be identified in advance,
This is what it looks like when stops are run at a recent high (AUDUSD)
Feel free to comment, ask a question or contact jay@global-view.com directly.