Fading the entry

Just wondered who fades the entry into their trades and their experiences of positive slippage as a result?

I've often heard this term, but don't know what it means. Care to define it?

It refers to entering the market on a limit stop against the immediate direction.
ie
Buying the market below it?s current price.
Or selling above the current price.
It is the opposite to a breakout entry.
Advantages are:
1 Entry closer to your protective stop.
In fact your limit stop is usually calculated from your protective stop.

One application of this technique would be trading the aftermath of, say NFP, as it appears that all eyes focus on the 1min chart and all the favourite set-ups. Without using limit stops, getting a decent price at these 1min set-up hotspots is often impossible. Having said that it does require a lot of confidence in your set-up to do this http://static2.trade2win.com/boards/...icon_smile.gif