Dislikedi think hes saying he dosnt place a traditional stop,but uses pending orders,if hes long and he dicides 13350 is his stop the order will be 2 sells one to cancell his long and 1 to reverse,?Ignored
He first opens his trade with an OCO. When an order is triggered, and then it is stopped out, his long (if that were the case) would be closed when the stop was hit. He would be flat in the market at that time. Now he's looking to recover his loss by going short.
Still not 100% clear to me how he's doing this. Is he doubling his position on the short? Details of his entry strategy were given earlier in the thread.
FX4