LoriK,
This is my take on what Akash does;
Once the price bar crosses KS, don't necessarily place your order immediatley (but get it ready to submit if you can) and then wait for a short period of time (say one or two trading
ticks) for the value to potentially retrace (hopefully by the spread amount) and then strike while the price has dipped. Of course if the price continues to head back the wrong way, well then it's time to bite your nails !
For instance I use
MetaTrader 4 and do the following;
1) Wait for price to cross KS (up or down)
2) Open the new order screen, setup the order pricing (stops, profit etc) and then watch the tick chart carefully.
2a) On the tick chart if the price starts going even further in the overall intended direction then I place my order without any further delay. (I wont have covered the spread, but hopefully the price will rise high enough to cover it)
2b) If the price dips back down (retraces), as long as it's not a huge retracement, then I place my order with the benefit that I've covered the spread.
I hope this has helped, but if this isn't what other people do or what Akash intended by his comments, I'd be glad to be corrected.
Steve.
UK