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Originally Posted by spudbox
I've thought about using a limit order with Rob's trades. Like most KFS members I am not going to get in at the exact price he gives, so use a limit order with it. If the price retraces enough and gets me in, great, if not, cancel and wait for the next trade.
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Originally Posted by News Pipper
So far, trading GBP/USD with Oanda's normal 2.8-3.3 pip spread, I've noticed my fills have been very close to Rob's - always 1 pip worse, but not often more.
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Personnally, I don't think missing Rob's entrances by 1 pip (using Oanda) is that big of a deal, but then again I've only been trading with him for 7 days at this point so who knows.
My feeling is that it will always be the biggest gainers that you will miss out on by using a limit order and waiting for the price to come back. Take the last 2 days of this past week for example where the GBP/USD made sudden, quick huge moves. On each of those days Rob made the call to short GBP/USD just as the price was making a new swing low. From that point on the price just took off and didn't look back.
spudbox, how long have you been trading with KFS and through which broker? Can you give us any other insights on trading with KFS?
News Pipper