Can market makers see your pending orders and stops?

I think that while they can see the open orders, they cannot move prices more than just mere single digit pip amounts to target stops. I think wider stops and longer term trades kill them.
 

rod178

Well-Known Member
The answer is more complex than a basic yes or no, although basically, if they want to they can see your stops and pending orders.

Brokers can and even publish this information http://fxtrade.oanda.com/analysis/forex-order-book
 

jack

Administrator
Staff member
Also keep in mind that the market is likely not gaming your stop specifically.. and like doesn't care about your retail account.

Traders, however, are human.. and tend to bunch up orders around the same levels due to common pattern recognition, major round numbers, etc.. etc...

The above, plus the fact that the market prays on "normal" behavior and human nature, makes for the common paranoia that the market is out for your orders.

The better question would be: "If the market tends to run obvious levels to place stops on a frequent bases, can I profit from this? Or at least, can I refine my entry knowing this?"
 

rod178

Well-Known Member
Jack said:
Also keep in mind that the market is likely not gaming your stop specifically.. and like doesn't care about your retail account.

Traders, however, are human.. and tend to bunch up orders around the same levels due to common pattern recognition, major round numbers, etc.. etc...

The above, plus the fact that the market prays on "normal" behavior and human nature, makes for the common paranoia that the market is out for your orders.

The better question would be: "If the market tends to run obvious levels to place stops on a frequent bases, can I profit from this? Or at least, can I refine my entry knowing this?"
Exactly correct. My trading improved dramatically once I started to hunt for entries where I suspected pools of stops resided. A typical, although not the only, example of this is the "ICT - too clean" concept.

As for Brokers hunting a Traders individual stops, well, trading is littered with self delusion, both for the Traders who win and the Traders who lose.
 

garry

the art of war
proximitymines said:
Is it safe to say that they take it whichever direction yields them the most money?
http://people.stern.nyu.edu/lpederse/papers/predatory_trading.pdf
 

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