DislikedIs anyone waiting to get filled on their buy orders around 1.0630 - 1.0627? I want to buy at 1.06315 but I know price is currently at the 0.618 fib retracement level and maybe lots of people who where short during the week taking profits over the weekend will mean price shoots up when the market open straight from it's current position. Does anyone have any thoughts or advice? Would you move your order up for more of a breakout type strategy? {image}Ignored
- why would you think that the price will reverse when your broker opens?
where would that much money (enough to reverse the price) come from at that time?
if so then are there any news or technical reasons that would make such move? - why would you think when a lot of people (assuming you are talking about retail traders) taking profit, price will move?
- limit order: depends on your sl. it can certainly work out to your favor and market will fly then how much money do you expect to make? if not then at what cost?
when all these add up and make sense to you then by all means, take the shot.
/r
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