[MidKnight]

Originally Posted by Cory2679 »

I have a question for all you spot fx traders on here...

How do you enter your orders??

Basically, when I trade currency futures, I put a buy/sell stop 1 tick past the level where I'm waiting for the break.

Do you guys put your order in at 1 tick + the spread?

Hi Cory,

I do approx 2 times the spread from the price I want to execute in. I don't bother with the 1 tick part - just level +2 times spread.

With kind regards,
MK

[forrestang]

Originally Posted by MidKnight »

Hi Cory,

I do approx 2 times the spread from the price I want to execute in. I don't bother with the 1 tick part - just level +2 times spread.

With kind regards,
MK

Nice! I myself have been doing 1.5 times the spread usually.

Sometimes I get a much better fill on a limit if price doesn't immediately rocket to the moon.

[Don4]

Im in and it doesnt matter if I win or lose!



Thanks
Don

[Don4]

Stops moved up.




Thanks
Don

[Kiwi]

interactive brokers provide bid and ask and my charting platform Sierra Chart is set to chart the midpoint. They also provide all the standard order types. I put in an entry stop at 0.5 ticks past the bar with a stop limit order and the limit set to price+0.5+spread/2

spread/2 is based on the maximum acceptable spread for a fill. So the spread on GU normally runs from 5 to 6 half ticks (or 2.5 to 3 standard ticks) and I set my max acceptable spread to 3 ticks thus I get price +2 ticks as the fill point.

[Gabe2004]

Potential EJ Short.

Gabe

[Don4]

Well this time it auctually turned out to be a plus. Look out for Thales trade.



Thanks
Don

[thalestrader]

Originally Posted by thalestrader »

Hi Folks,

Just looked at the EJ and saw a couple of interesting things. Unfortunate timing for what otherwise looks to be a decent short opportunity. Trade at your own risk. Sell stop would be the high 132.6x's - low 132.7x's depending upon your market maker and your own entry rules.

Look at where today's rally struck its high (4 hour) and the view of price action since on the 1 hour.

Have a good night, and thank you all for keeping the thread alive while I feel half dead.

Best Wishes,

Thales

Hi Folks,

EJ short triggered with a 132.73 entry. No excuse for anyone here not to be in this (this particular opportunity was posted at least an hour or more ago) and be in it right now with a stop loss at break even. Why break even? Because the short triggered, price dropped, rallied back to kiss the breakdown point good bye, and dropped to a new low. Allow price no more free kisses.

Targets are +50 and +100.

You'll have to look up the 15 minute yourself or someone can post it. I'm wiped out as it is and my wife still expects me to eat something before I go back to bed.

Best Wishes,

Thales