Read a Buy Stop Order

How to Interpret a Buy Stop Order

What Does Buy Stop Order Mean?

A Buy Stop Order is an order to buy gold after the price rises to the set buy stop price level.

Buy stop pending order is always set to buy above existing market prices.

What is a Buy Stop Order Example?

In the examples shown below a buy stop order was placed to buy at a level above the current market price.

The price of the instrument then went up to hit buy stop order, & afterward price continued to move upwards.

Setting Buy Stop Order above Resistance Level - What's a Buy Stop Order?

The buy stop pending order is also used to set pending order when there's a consolidation chart pattern on a chart. Buy stop order is used to set a buy order just above consolidation pattern as illustrated and shown below so that if there is a price break out upwards after the consolidation pattern then a new buy order is opened - by buy stop order once the buy stop price set is reached.

Setting Buy Stop Order in a Break Out - Buy Stop Order Definition & Examples

A Buy trade was generated from the above buy stop order when price broke a resistance level in the first example and when there was an upwards price break out after a market consolidation pattern on the second buy stop pending order example.

Read a Buy Stop Order