One thing I really don't get about Rob's trades is how he closes shorts at the bid and longs at the ask.
When he calls a short entry, for example, he will immediately tell you to set the SL to where the bid hits a certain price. For me, trading with Oanda's 3 pip GBP/USD spread, that means I will stop out at the bid + 3 pips (the ask). But when the trade is stopped out Rob says that his exit was at the bid price he specified earlier.
How does he cover a short at the bid price
I know he has a commission deal with his broker, but what... he also gets a zero spread?
I've tried to get the answer to this question while in the KFS room, but Rob has never answered and other members have not given a satisfactory expaination.
News Pipper