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What does a stop hunt look like?

Discussion in 'Scam Alerts' started by einstr, Oct 22, 2009.

  1. einstr

    einstr Recruit

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    I had a trade placed and saw the S/L get get by a spike in the spread. This looks very suspicious as the length of the spike probably took out many SL as it went below a support level. See the- attached image.

    anyone have any information on how stop hunts operate and how do you prove it??

    Rich
     

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  2. ernest8fingers

    ernest8fingers Master Sergeant

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    Thats a baby spike. The Eur/Jpy is spiky to begin with. Have tried taking issue with your broker? Does that spike exist on any other chart? Looks like it hit Resistance-sold off hard-and that brought back a bunch a longs. That happens all the time(many times a day per pair). Curious though, let us know will you?
     
  3. einstr

    einstr Recruit

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    thanks for such a quick reply. One question though, do these "baby spikes" accompany large changes in spread? If you look carefully at the tick chart, you'll see that the bid spikes down, but the ask stays up, essentially providing a spread of 22 pips!!!
     

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