Re: Straddles for Tuesday, Feb 21

ynotssor wrote..

Yep, a typo..you can't sell 15 points "over" the bid or buy 15 points
"under" the ask..the platform will kick it back saying "entered wrong
rate"... thanks for the correction..



<<Sure you can, just buy limit 15 below either the ask or bid price and
sell
15 above either the bid or ask price and enter that as the limit price
....
MGForex and FXCM only want the limits away from the bid/ask range at
the
time of order entry; the 3-pip spread makes either calculation viable,
hence
my reasonable question of your entry technique possibly altering..

I'm sorry that you've found it necessary to check Bill Reid's diaper
often
enough to interfere with your very informative postings.>>

Your mistake..not mine.
Try placing a limit order (yes, a limit order, not a stop order) 15
points over the bid as a buy entry..or a limit order to sell 15 points
under the ask..it ain't gonna work.
Go back and read my original post in the thread..limit orders..no
mention of stop orders..I haven't used stops in almost three years.

With all due respect, it's time. If my standard straddle is not
absorbed by readers in three years then it's time to give up

My former trades are all archived..99% spelled out as to entry
orders/exits.I miss one trade where I didn't give the basic entry
orders and all hell breaks loose..

The main buliding block is the 2 minute pre-event rate (price). If a
trader has the ability to find that information, with all the free
forex realtime charts out there, then he can follow the basic limit
order straddle +/- 15 points from the spot price.

Like I said..it's mechanical..I wish all those newspaper delivery boys
and girls the best of luck!

co jones

co jones

.

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