Entry Limit Energies Trading Orders: Buy Entry Limit and Sell Entry Limit

Limit order definition - Entry limit is an order to buy or sell a Energies Trading at a certain energies price which is a retracement level where energies price is predicted to pullback to before resuming the original Energies trend. Energies traders use them to buy or sell at better market price. These types of orders are available in most of the online trading softwares, for our example we shall be using the MT4 energy trading platform.

An entry of this type can be used to buy below the energies market level (up energies trend market retracement) or sell above energies market level (down energies trend energies trading market retracement).

Buy limit - When buying, your entry buy limit is executed when the energies market falls to your set energies price. (retraces down)

Sell limit - When selling, your entry sell limit is executed when energies market rises to your set energies price. (retraces up)

Entry orders are placed by traders when they expect energies price to bounce back after reaching this area.

• Entry Buy Limit Energies Trading Orderbuy at a level below the current market level.

• Entry Sell Limit Energies Trading Ordersell at a level above the current market level.

Buy Entry Limit Example

In the energies example illustrated and explained below, the buy limit order was placed to buy at a energies price below the current market energies price. Point B is the point at which it was set.

Limit buy order entry placed to buy below the current market energies price

The energies price then retraced & went down to hit buy entry limit, & afterwards energies price continued to move upwards in the direction of the original Energies Trading upwards trend. When the limit buy order was hit it changed to a buy.

Energies Price hits buy limit, order now changes to a buy

Sell Entry Limit Energies Trading Order

In the energies example illustrated and explained below a the sell entry limit was placed to sell at a energies price above the current market energies price. This is the level for the energies price retracement.

Entry limit sell order placed to sell above the current market energies price

The energies price then rallied, went up to hit sell entry limit, & afterwards energies price continued to move downwards in the direction of the original Energies Trading downwards trend.

Energies Price hits sell limit, order now changes to a sell

When energies quote hit the set level the order changed to a sell, this is therefore a nice method to buy or sell at a better energies price after a retracement move.

Setting Buy & Sell Limit Energy Trading Orders in MT4 Software

To set up these energies trading orders on the MT4 platform, Right click on Energies Trading chart>>> Select 'Trading">>> Then Select "New'>>> Then on popup window that pops up (shown and illustrated below), under label "Type" select option of "pending" instead of "market execution">>> Under the pending energies order options select the pending energy order type: For This trade choose either 'Buy Limit Energies Trading Order' or 'Sell Limit Energies Trading Order" depending on whether you want to place a pending buy or sell.

Setting Buy & Sell Limit Energy Orders on MetaTrader 4 Software

Sometimes, setting the point value to place your trade can be tricky, setting to far might mean your entry market limit not getting executed, the best tool to use is Fibonacci retracement indicator and use the 38.2 % retracement levels. This retracement level is watched by many traders and entry orders tend to crowd at this level, therefore the best odds to catch a trade would be presented by using the 38.2% Fibonacci retracement level.

Fibonacci Retracement Tutorial - Energies Trading Fibo Retracement Guide

Tip: In Energies online trading, If you want to set a good take profit level (not retracement level, take profit level) for your trades you can use the Fibonacci expansion 100% level for the best take profit area. To Read more on Energies Trading Fib Retracement and Fibonacci expansion use the right navigation menu section Technical Analysis.

Energies Trading Fibonacci Expansion Tool Tutorial - Energies Fibo Expansion Tool Guide