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A question for everyone: I am a medium term trader (holding times of
0-30 days, typically). For people who trade in this timeframe, have
you found it better to enter with a limit order, somehow guessing where
low should be today (or in next few days) or is it better to enter at
the open once an enty is signalled. I know this is a very broad
questions, but any insights? I have tried a combination of popular
pivot calcs, linear regression of the lows/highs and lately, comparing
the rate of the trend with the average and SD of close-low (for a buy).
But the mkt often cares not about my schemes, and I get left behind. I
guess the real answer I need to test my signals with and without limit
orders for entries, if I can ever get the system coded. But if anyone
has suggestions for how to set limits or whether to use limits at all
(or sources discussing this), I'd appreciate it.
Conrad Bowers
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