Friday, 4 September 2009

How long ?


Hi Everybody,

The 3min NQ yesterday gave us a very good look at how long you should wait after a signal before you get filled. For example the first TS3 sell late morning had to wait 6 bars before the fill. For me, this is too long. I like to see a trade filled within a few bars of the turn. So I would say that the short should not have been taken and the order cancelled after a few bars after the high.

Thanks, Steve