Back again briefly during my lunch break.
Got burned on those last couple trades, price saught out the next supply levels and I wasn't around (also never placed my orders up there). I had considered that situation and made note of it but failed to act on it.
Here are a couple more, one long and two shorts.
I have chosen the locations of my orders based on where the most recent/strong supply/demand imbalance was. If price just rocketed north from a consolidation at .xx98 I'll take the RN into account and put my orders at .x103 or so. That's how I take RNs into consideration.
Hey JJ, don't have much time to reply at the moment, but I too would like to learn this method. I don't want to come across as though I'm sharing a method, rather I am posting my experiments (with my live acct) hoping that an experienced limit order trader will come out of the wood work and shine some light on my operations.
Here are three more limit orders.
Got burned on those last couple trades, price saught out the next supply levels and I wasn't around (also never placed my orders up there). I had considered that situation and made note of it but failed to act on it.
Here are a couple more, one long and two shorts.
I have chosen the locations of my orders based on where the most recent/strong supply/demand imbalance was. If price just rocketed north from a consolidation at .xx98 I'll take the RN into account and put my orders at .x103 or so. That's how I take RNs into consideration.
Hey JJ, don't have much time to reply at the moment, but I too would like to learn this method. I don't want to come across as though I'm sharing a method, rather I am posting my experiments (with my live acct) hoping that an experienced limit order trader will come out of the wood work and shine some light on my operations.
Here are three more limit orders.