How Do I Analyze the Difference between Sell Limit Order & Buy Limit Order?
How to Analyze the Difference between Sell Limit Order & Buy Limit Order
A sell limit pending order is an order to sell xauusd at a better price after price has retraced up-ward from its current area.
A sell limit pending order is an order to sell after market retraces up-ward within a downwards trend.
A sell limit pending order is only executed when the prices moves upward & retraces to the set sell limit order level.
Entry Limit Orders: Sell Limit
Sell Limit Order definition - Entry sell limit order is an order to sell a xauusd at a certain price which is a retracement area where price is predicted to pullback to before resuming the original trend.
Traders use these sell limit pending orders to sell at a better price. These types of sell limit pending orders are provided for in most of +the online platforms, for our examples we will use MetaTrader 4 platform.
An entry sell limit pending order of this type can be used to sell above market level (retracement pull back in a down-ward trend market).
Sell limit - When selling, your sell limit pending order is executed when market rises to your set price. ( retraces upwards )
Entry orders are set by online traders when they expect price to pullback down ward after reaching this region.
- Entry Sell Limit Ordersell at a level above the current market level.
What is a Sell Limit Order Example?
In the examples illustrated & described below a the sell limit order was set to sell at a price above the ruling market price. This is the level for the price pull back.
Sell Limit Order Set to Sell above Current Market Price
The xauusd then rallied, went upward to hit the sell entry limit order, & afterward price continued to move down-wards in the direction of the original downward trend.
Price Hits Sell Limit Order - Sell Limit Order Definition and Trading Example
When price got to the set sell limit order level the sell limit order changed in to a sell order, this is therefore a good technique to sell at a better price after a retracement.
What is Buy Limit Order?
A buy limit pending order is an order to buy a xauusd at a better price after price has retraced from its current area.
A buy limit pending order is an order to buy at a lower price than the ruling price
A buy limit order is only executed when the prices falls & retraces to the set buy limit order region.
Entry Limit Orders: Buy Entry Limit
Buy Limit Order meaning - Entry limit order is an order to buy a xauusd at a certain price which is a retracement area where price is predicted to pullback to before resuming the original trend.
Traders use buy limit pending orders to buy at better market price. These types of buy limit orders are available in most of the online platforms, for our examples we will use MetaTrader 4 platform.
An entry buy limit pending order of this type can be used to buy below market level (retracement in an upwards trend market).
Buy limit - When buying, your buy limit pending order is executed when market falls to your set price. ( retraces downward )
Entry orders are set by online traders when they expect price to bounce-back after getting to this point.
- Entry Buy Limit Orderbuy at a level below the current market level.
Buy Entry Limit Order Example
In the example illustrated & explained below, the buy limit pending order was set to buy at a price below the ruling market price. Chart Point B is point at which it was set.
Buy Limit Order Set to Buy Below Current Market Price
The gold then retraced and went down to hit the buy entry limit order, & afterward price continued to move up-ward in the direction of the original upwards trend. When the limit buy order was hit by price it changed into a buy trade order.
Price Hits Buy Limit Order - Buy Limit Orders Now Changes to a Buy Order
How Do I Read the Difference between Sell Limit Order & Buy Limit Order
