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At Best Orders – Finally! I can get out!
By Tim Shea | July 5, 2007
We’ve all been there. You’re in a trade, the market does something unexpected, you need to get out, and you can’t. You get some message about the market moving, or some dealer taking his sweet time just to give you a horrible new price… and you can’t get out. All you want to do is get out! I’ll take a worse price, just get me out before things get worse!
At Best Orders + No Dealing Desk = problem solved. With NDD, there aren’t any dealers, just the prices from the banks. But when the market really gets moving, I’d still sometimes get messages like “price has expiredâ€. Now, with At Best Orders, I don’t anymore. I just hit OK, the order goes to the bank, and I get the best price… and I get out. That’s all I want.
Like today. I’ve been watching this great support line on the USD/CAD, as well as a great SSI signal to go short:
I get the great break overnight, it drives down below 1.05, then promptly reverses. I’m not awake, so I miss getting out, but I’m still bearish, as the price settles just below my entry:
Then the Income and PCE numbers come out of the
Tags: dollar, forex, forex news, forex trading
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