hmm, I donot use limit orders, so wouldn't know how things look on systems. But Stops maybe all over the place so many tics above or below s/r, how far the price runs to various levels is far from cast in stone hence its not right for me to have a limit order sitting at x.... as in may go way beyond x. But I'm instant to a second or 2 and that is sometimes too late I mean it reaches the level at which you percieve a change price may bounce away a tic/4 etc. , its intuitive feeling that tells me ok now take that price or wait a second ,next price.... but if i sense its pulsing /grinding almost on the spot, spread either way, funny term I know, then I'll take it.
I dont tend to think of stops and price just price how its reacting, although stops will of been hit etc.....
yeah with the volatile moves.... they can be risky to initiate a position prior to or during, yet if you are trading small frames then there really is no need to rush. thats how I feel with it. I just see what happens and wait. wheres it been wheres it gone, NOW whats it doing and going to do....... again no limits, to me thats potentially going to cost me, as my entry is very very dependant on what the price is doing as opposed to my view on what it is was going to do half an hour ago . This intuitive thing I allow? accept?(for me anyway)develops as the price does, tic by tic, so no point me using a limit at a fixed price point. too rigid?
Why do you use a limit? I mean sure there have been times when if using a limit with hindsight then you would of gained a better fill but... I dont know.
maybe i can learn something here myself about limit orders what are the pro's and cons for them ?
