If the entry was already triggered from a signal you missed, and current price would have the trade in the negative, you can usually enter that trade immediately. I always still use the same stop price as if I'd got the entry price posted. That way you will have a better fill price than FirePips got, and if it hits the stoploss, you lose less, and as it hits the profit targets you make more.

If the entry was already triggered and the trade would already be in profit, you can still put in a limit order for the same entry price, so that if there is a retrace you can still get in. I will not do this if price has already seen more than about 1/2 of the first profit target or so. But if the first target was say 50 pips and it has only seen what would have been +20 so far, I'll still put in a limit order for the posted entry price in case of a retrace. I will cancel that limit order if price gets up to about 70% of the first target without a retrace putting me in.

why not placing a new order on EURJPY?

davide

i am new to forex and have subscribed to your signals..your signals come in the intervals of 4hrs which is really good……but what i wanted to ask u is that if i miss your first signals of the day, can i still make profits with the remaining signals for the day because i stay in india and basically not logged in when u give initial signals…..would like to hear from you, thanks
keep doing this good work………

There are two things one needs to master to become successful at trading.
1. Finding a winning strategy
2.Right Mindset, i.e. Psychology of Trading

The 95% of people that lose money focus 95% on finding the winning strategy. They may understand that psychology is important but don't do enough about it.

In my opinion one don't need a system with a very high win ratio, any good system would do, as long as he gets the psychology of trading right.