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RE:SIMSCI 06-Jul-2006: Long trade missed

by Gav Leave a Comment

I just can’t trust the stop order any more. This is the third time my order did not get executed and price moves away from my entry. An ascending triangle was formed this morning around 11am. I have set up a buy order at 289.5. Excellent, market moves up and hit a high of 290.3. And my order was not filled at all. I do not want to chase a trade, I cancel the order and leave the market. That was supposed to be a quick pattern trade. And I just missed the profit in this way.
I am watching for second entry opportunity. Of course, this time, only limit order, no more stop order.

Filed Under: Rant Tagged With: SIMSCI

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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