I read in Kathy Lien's book on FX and other sources that London traders take out stops before they start the major tendency of the afternoon. I dont understand why stops have to be removed prior to the major intraday starts. Can it be because the open positions early in the semester stop the real intraday trend from happening?
Why not start the real move early in the session and just trigger stops on a single side of the market. I say this b/c stop hunting tries to target both long and short. Isnt this a waste of time? Im clueless.