Hey bigd A fair point on the stop losses i have noticed it as well, even on indicies overnight, almost like a bookie was cleaning his books whilst everyone slept
Manipulation on a personal basis highly unlikely but are they doing it across their books, they know everyones stops????? do they clear out the smaller punters who they do not cover in the market????
Stop levels: IN my view if its TA based it gets stopped out every time pointless following ta stops.
"I am with MacBank Prime for trading (not the cheapest I know, but I have had my reasons) and have found a number of SLs have been hit with the market reversing very quickly after. A few times the underlying shares of my CFD were the only ones traded at my SL price and the price moves away straight after."
Yes i have had it happen as well, the only thing i have done to counteract it is lessen my position to allow for greater stop loss or just get in & out throughout the day or cycle.
"and I am not setting stupidly obvious SL levels."
Care to elaborate?? what do you base it on??? i only ask as people tend to do the same things ta % etc i have found with cfds you dont want to be thinking like the herd
"Am I mad to suspect MB is running computer algorithms that take out the SLs of their own clients when within a certain reach? It has just happened a couple too many times to be pure coincidence"
Probably not mad ,worth making a record & talk to your account manager if it is happening ask them to explain especially if yours were the only ones hit?????
The timster might have some good views as he attacks them longer term then myself. Still There timster???
