DislikedHi, damonl...
If u don't mind.. i have a question that you might not notice...
http://www.forexfactory.com/showpost...4&postcount=18
Thx,
RaRIgnored
The whole thing is to enter 1 pip above the bar for a long and 1 pip below the bar for a short.
Now, let's say that the bar had a high at 137.16 and a low at 136.24 and you wanted to enter long 1 pip above the high. If you entered your BS at 137.17, your trade would actually trigger 137.17 minus your spread, which means that you would actually enter the trade below the high of the bar. That is why we add the spread for a long.
For a short trade, you would put in 136.23, and that is where your trade would enter. If you added your spread to a short, it would enter much lower than the low of the bar. That is why we don't figure the spread into a short trade.
Hope this is helpful
"Keep your eyes on the helpers" - Mr. Rogers