Re: MIT orders

["Peter W. Aan" <paan@xxxxxxxxxxxxxx>]

Here's another twist on the MIT order dilemma.  Let's say that you are long 
the Yen, and
your system says take a profit at 8370.  Instead of a limit or MIT order at 
8370, place a limit order
to sell at 8369 limit.  You give up a point, but your slippage on a MIT 
order at 8370 would be similar.
Also, there is a small chance that if the high of the day is 8369, you 
might actually get filled, which
would obviously not be possible with a limit order at 8370.