hello folks,
where would you place your stop order if you wanted to be in, even in a fast moving market, but with as little slippage as possible?
price now 1.5750 and I want to be in if price reaches 1.5760.
would I place a buy stop order to trigger @ 1.57595, because hopefully there will be a lot of sell orders at the round number of 1.5760?
the opposite wanting to sell if price goes down to 1.5740, so place a sell stop order @ 1.57405?
hopefully an experienced trader can reply to this?
thanks
where would you place your stop order if you wanted to be in, even in a fast moving market, but with as little slippage as possible?
price now 1.5750 and I want to be in if price reaches 1.5760.
would I place a buy stop order to trigger @ 1.57595, because hopefully there will be a lot of sell orders at the round number of 1.5760?
the opposite wanting to sell if price goes down to 1.5740, so place a sell stop order @ 1.57405?
hopefully an experienced trader can reply to this?
thanks