dchappy wrote::smt023
Enjoying your success with the EUR/TRY trade this morning. And I know it is quite a success.
However, I am wondering about the spread which on Oanda, my broker, is pretty steep (~ 30) whether figured as a % of price or the ATR (D1).
If the EUR/TRY moves like today, well, who cares? My question is how much consideration do you allow for spread on your entry decisions? If we were looking at a 1440 chart, it really doesn't matter, but at M15 . . . it probably does.
Thoughts? . . . especially with the EURTRY or something like the EURSEK. I have always stayed away from these on lower tfs, maybe I need a rethink.
Thanks, Columba