I have a question for those who are trading the original Dreamliner rules. Does anybody ever set limit orders for the average in entries, the ones where you place a market order 200 pips below the current average? Yes, I know they are supposed to be market orders, but what's happening to me now is this.
I'm in a trade with two danglers, and I'd like to get the average down, but everytime the market drops 200 pips below my current average, I'm not there to enter at the market. When I check the trade, it's back within it's 200 pip range. I do understand that this is part of the system, gaining interest while the trade tries to get a direction, so I'm probably just being impatient. I'm just curious to see how others deal with this, or if you deal with it at all.
Cheers,
Richard
I'm in a trade with two danglers, and I'd like to get the average down, but everytime the market drops 200 pips below my current average, I'm not there to enter at the market. When I check the trade, it's back within it's 200 pip range. I do understand that this is part of the system, gaining interest while the trade tries to get a direction, so I'm probably just being impatient. I'm just curious to see how others deal with this, or if you deal with it at all.
Cheers,
Richard