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The question is one that can easily be asked in liquid markets as
well. My methodology was created specifically fortrading the big S&P,
with trades entered on a stop. Trying to trade it with minis gives
the same invariable question. The minis are known for overshooting
the big S&P, thereby possible giving false entry and exit signals. So
what do you do? Enter on a stop thats 2 ticks further? Adds up at the
end of the month. Enter on a limit? You might miss a big move. Most
of my subscribers that trade the e-minis have taken to simply enter a
market order when they see the Big S&P hit its entry stop...
All the best,
Phil
www.sp-levels.com
--- In realtraders@xxxxxxxxxxxxxxx, "Jason Armstrong"
<jarmstrong444@xxxx> wrote:
> Hello Group,
>
> I am new to trading and was hoping I might
be able
> to draw on the experience of some of the veterans in this group for
some
> guidance. Here is my situation: The markets I trade are thinly
traded. To
> prevent excess slippage I would like to confine my entry to a
specific
> price. When the market rallies to a specific price level I would
like to buy
> at that price. I can't use a buy limit order, because my broker's
trading
> platform interprets these as 'limit or better' and I will get filled
> automatically when price is below this entry level. If I use a buy-
stop I
> risk some serious slippage when that level is hit. I could use a
stop-limit
> order, but then my order will be at the back of the line when that
price
> level is hit. What type of order I should be using? I should also
mention
> that this order will be placed on globex. Any help would be greatly
> appreciated.
>
> Best regards,
>
> Jason.
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