Ok so been going over my trade execution on friday. And seeing what tactics i can use to catch a trade that misses me by few pips.
Like any good negotiator, i need to be flexiable and not have fixed price ,refuse to move on. I need to able to meet the market at level thats good for both us.
I also do not want to get tied up a bunch rules on this. And i want to avoid getting a bad price. This is going have to be suck it and see what works. If i can master this theres going to be no stopping me.
[highlight=yellow]BUY AT WHOLESALE, SELL AT RETAIL.[/highlight]
I beginning to understand difference between a "Set and Forget" trade and directly managed trade. They are world apart in regards to skill. One requires very little skill and other is acquired skill. I want to learn that skill, because no matter what edge you use at the end of the day. You know how to get best price and when to quit, this is difference that makes THE DIFFERENCE. The markets going have to work to get every penny out my hands from now on. No more setting trades and walking away hoping my stop loss held or it was big enough to cover the movement.
so im going to incorprate this:-
http://www.kreslik.com/forums/viewtopic ... 4151#14151
[B]If price is not making an attempt to move to your limit orders and and a candle is drawing to a close my last attempt at a better price would be to see if price would make some sore of quick RET to the nearest 0 or 5 below price.
If that doesn't work then I would just place a b/s stop on the nearest 0 or 5 above price.[/
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