Successful Jigsaw trades are planned in advance and most likely made using pending orders. Before the market opens I need to plan for the levels that might get hit during the open and plan a trade around that.
My resistance to using orders is that they might not be filled and then I’ll miss out on a cracking trade. But the reality is more like this:
THOUGHT PROCESS: I know there is a good level in range before the cash open and it fits my Rule of 3, so I‘ll enter an order a couple of pips before – then I’ll forget about the trade – which will leave me free to look for other possible trades and to watch the open without being distracted by putting the trade on.
- they are selected correctly use Rule of 3
- if I miss the level then it’s gone – these are 1:1 trades so late entries aren’t acceptable
These are good trades but only if:
