Joined Mar 2007
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Status: It's all just noise.
|1,681 Posts
Hey Shaun
Have you ever kept track of how many of your trade calls fill as opposed to how many don't?
The reason I ask: If the majority of your calls are getting filled (entry point reached), it might pay to take a small scalp in the direction of your tentative entry as soon as price heads toward your entry.
A few years ago I was following my broker's calls. The calls weren't fabulous, but.... the entries were reached much more often than not. I gave up taking the actual calls and started scalping in the direction of the suggested entries if I could confirm the move toward entry with other analysis.
In your case, your calls seem to have a good win rate. If you could scalp a few pips on the way to your entry you would build a small cushion on the way to the actual trade. Of course the target would be small so it would only be practical when spreads are tight.
This may or may not be a good strategy for you, depending on how you're choosing your entries.
Have you ever kept track of how many of your trade calls fill as opposed to how many don't?
The reason I ask: If the majority of your calls are getting filled (entry point reached), it might pay to take a small scalp in the direction of your tentative entry as soon as price heads toward your entry.
A few years ago I was following my broker's calls. The calls weren't fabulous, but.... the entries were reached much more often than not. I gave up taking the actual calls and started scalping in the direction of the suggested entries...
Ignored
thanks for your suggestion billflet,i'll think about ....seems good idea
