How Do You Analyze XAUUSD Limit Orders Buy Limit Order & Sell Limit Order?
How to Analyze XAUUSD Limit Orders Buy Limit Order & Sell Limit Order
Limit order definition - Limit order is an order to buy/sell a XAUUSD at a certain price which is a pull back area where price is predicted to pull-back to before it resumes the original trend. Traders use limit orders to buy or sell at better price. Buy Limit Order versus Sell Limit Order - These types of limit orders are available in most platforms, for our example we will use the MT4 platform.
Buy Limit Order versus Sell Limit Order - A order of this type can be used to open buy below the market level (up-ward trend xauusd retracement) or sell above the market level (downwards trend xauusd trade retracement).
Buy limit - When buying, your buy limit is executed when market falls to your set price. (retraces down) - buy limit order below gold price
Sell limit - When selling, your sell limit is executed when market rises to your set price. (retraces up) - sell limit order above price
Limit orders are set by online traders when they expect price to bounce back after getting to this point.
- Buy Limit Orderbuy at a level below the current market level.
- Sell Limit Ordersell at a level above the current market level.
Buy Limit Order Example
In the buy limit order example shown below, the buy limit was set to open buy at price below the ruling price. Point Marked B is point that it was set.
How Do I Use Trading Limit Buy Orders
The price then retraced and went down to hit the buy limit order, and afterward the price continued to move up-wards in the direction of the original upwards trend. When the limit buy order was hit it changed to a buy order - How Do You Use Trading Limit Buy Orders.
Price Hits Buy Limit Order, Limit Buy Order Now Changes to a Buy Trade
Sell Limit Order Example
In the sell limit order examples displayed below a the sell limit order was set to sell at a price above the ruling price. This is the level for the price pull back.
How Do I Use Trading Limit Sell Orders
The price then rallied, went upto hit sell limit, & afterward the price continued to move down-wards in the direction of the original gold downward trend.
Price Hits Sell Limit Order, Sell Limit Order Now Changes to a Sell Trade
When the price hit the sell limit point the order changed into a sell, this is therefore a good strategy to sell at better price after a pull back.
Setting Limit Buy Order & Limit Sell Trading Order in MT4 Software
How Do I Use Trading Limit Orders - to set up these xauusd limit orders in the MetaTrader 4 software, RightClick on chart>>> Select 'Trading'>>> Then Select 'New'>>> Then on the popup window that appears (illustrated & displayed below), under the label 'Type' select option of 'pending' instead of 'market execution'>>> Under the pending order options select the pending order type: for This trading example choose either 'Buy Limit Order" or "Sell Limit Order" depending on whether you want to place a pending buy limit order or a pending sell limit trade order.
How Do You Interpret Limit Orders
How Do You Interpret Limit Orders Buy Limit Order & Sell Limit Order?
