What is the Difference between Sell Stop Pending Order & Buy Limit Pending Order?
What is Sell Stop Pending Order?
What Does Sell Stop Pending Order Mean?
A Sell Stop Pending Order is an order to sell a xauusd after the price rises to the set sell stop price level.
The sell stop order is always set to sell below the existing market prices.
What is Sell Stop Pending Order Example?
In the examples illustrated below a sell stop pending order was put to sell at a level below the current market price.
The price of the xauusd then headed down to hit sell stop, & afterwards price continued to move down-wards.
Setting Sell Stop Pending Order below Resistance Level - What's Sell Stop Pending Order?
Sell stop pending order is also used to set pending order when there a consolidation pattern on a xauusd chart. The Sell stop is used to set a sell order just below the consolidation pattern as illustrated and shown below so that if there is a price break out downward after the consolidation chart pattern then a new sell order is opened - by sell stop order once the sell stop price set is reached.
Setting Sell Stop Pending Order in a XAUUSD Break Out - Sell Stop Pending Order Meaning and Example
A Sell trade was generated from the above sell stop pending order when the price broke a support zone in the first example & when there was a downwards price break out after a market consolidation pattern on the second sell stop order example.
What's Buy Limit Pending Order?
A buy limit is an order to buy xauusd at better price after price has retraced from its current level.
A buy limit is an order to open buy at a lower price than the ruling price
A buy limit is only executed when the prices falls and retraces to the set buy limit area.
Entry Limit Pending Orders: Buy Entry Limit Pending
Buy Limit Pending Order meaning - Entry limit is an order to buy a XAUUSD at a certain price which is a pull back area where price is predicted to retrace to before it resumes the original trend.
Traders use these buy limit orders to open buy at better price. These types of buy limit orders are available in most of the trading platforms, for our example we shall use the MetaTrader 4.
An entry buy limit of this type can be used by traders to open buy below market level (retracement in an up xauusd trend market).
Buy limit - When buying, your entry buy limit is executed when market falls to your set price. ( retraces down )
Entry orders are set by traders when they expect price to bounce back after getting to this level.
- Entry Buy Limit Pending Orderbuy at a level below the current market price.
What's Buy Limit Pending Order Example?
In the example shown below, the buy limit was placed to open buy at price below the ruling market price. Point Marked B is the point that it was set.
Buy Limit Pending Order Set to Buy Below Current XAUUSD Price - What's Buy Limit Pending Order?
The gold then retraced and went down to hit the buy entry limit, and afterwards price continued to move up-wards in the direction of the original upwards trend. When the limit buy order was hit it changed in to a buy order.
Price Hits Buy Limit Pending Order - Buy Limit Pending Orders Now Changes into a Buy Order
