The way I get around being stop hunted is to use a trading platform that doesn't submit my orders to the exchange until the price is hit. The stop order exists on my PC and is automagically submitted if the price is hit. No order at the exchange to get taken advantage of. :) Sneaky and effective...
Guaranteed stop losses offered by MM's are actually guaranteed profit targets for them. Now imagine a bunch of them sitting at a similar level above the last high or below the last low. Paints a tempting picture doesn't it?
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