Thread: Trading With Limit Orders

40763 Back briefly during my lunch break.

Got burned on those last couple trades, price saught out the next source levels and that I wasn't about (never placed my orders up there). That scenario had been considered by me and made note of it failed to act on it.

Listed below are a couple more, just one long and two shorts.

I've picked the loions of my orders based on where the most recent/strong supply/demand imbalance was. If price just rocketed north out of a consolidation at .xx98 I will choose the RN into account and put my orders at .x103 roughly. That's how I take RNs.

Hey JJ, do not have a lot of time to respond at the present time, but I also would like to understand this method. I don't want to come across like I'm sharing a method, rather I'm post my experiments (together with my reside acct) hoping that an experienced limit order trader will come out of the wood work and shine some light on my surgeries.

Below are three more limit orders.

95054

Originally Posted by ;

Here are just three more limit orders.

Just got home from work, grabbin something to eat before I go to campus for course.

My long order was filled and then immediately stopped out. I should not go against the current with limit orders.

I've countered those shorts and put a new one in, assess the chart.

It's extremely uncomfortable for me to wait for price/volume confirmation. Well time to keep great thing I'm using little place sizes this past week, I've been burned. Seems fitting once I try opening a thread lol, that I would hit on a losing streak.

Edit: added another at 1.3810

I believe in addition to placing limits where price has recently demoned a definite imbalance of S/D, I'll also place orders in broken SR.. When I have time in class I'll try to mark since I've an essay what I believe but it's doubtful.

95054 Here are my major supply levels that I'm watching, they're all untested and should be wholly excellent.

950541 Structure (s)

Originally Posted by ;

Only...

Both TP hit

950541 Structure (s)

Originally Posted by ;

Both TP hit

Looking back in that trade to try and take note of everything was right about it, these items stand out:

A) Origin of a solid move (the market demoned apparent imbalance of S/D)
B) Previous support
C) With fad ( we lately come in an important S/D level on weekly charts across markets, and this translates into EU running to major supply on the lengthier TFs, and so the trend I'm interested in is downward )

I make sure my goals are greater than my stops. I managed 1:2 about the position giving me an overal r: r of 1:3 on the position and 1:4. I want to remember that if putting my TPs I do consider r:r but it's not how I decide where they go; for that I look at price structure and RNs, as r:r is a way that I utilize to appraise trades when they're done.

Ok enough of the past, here is what I'm looking at today. The green zone is EU's support level, which is a five second chart showing a sell.

I'd set a brief at the prior support level when it had been accompanied by a supply level. I wouldn't be surprised to find a turn there but this thread is all about trading using limit orders, not PA/VSA. I have to leave in ten minutes to go back to work and I have not eaten anything yet.

Yet another thing regarding the previous trade, I'm thankful that the trade happened without me tracking it, as I likely would have transferred my SL to BE and could have been taken out in BE. Also my loss from the prior day could have been uncomfortable to watch. Limit order trading is a way to exchange.

95054

Originally Posted by ;

What portion of your capital do you risk in each trade and do you enter multiple transactions at once?

I will enter multiple positions sometimes, and sometimes I will just enter one. It is based on the circumstance.

When there is confluence of both SD and SR and the trade is with the trend, I will risk up to 1.5percent or so but it is not a set rule. Furthermore, if the zone is defined I will enter with one or two positions, if it is a broader region or if I am concerned about price not making it I will enter up to 4 positions. I pay a lot more attention to the total risk than dimensions per entrance. I will create my smaller entrances the ones that are nearer to price (in regard to SD zone) because the stop will have to be bigger. The entrances on the intense of this SD zone can be units because the risk is smaller.

95054 Here is a minor supply flat and a small short. The box I used covered the sell up so I add a arrow.

Edit: there's another supply level above at approximately 1.3925-50. That would be a multiple-entry for me personally

950541 Structure (s) No moment, here are some orders

Originally Posted by ;

No time, here are some orders

My shorts from earlier weren't filled. I have adjusted my shorts to these amounts. I have not checked price since then and I don't intend on assessing until lunch. I enjoy the routine of checking one or two times it has been a profitable week with limit orders so far. I'm curious to find out exactly what I will find at lunch.

95054Subscribed. I think you've got a thread that is good here, your method of analysis is interesting and I'm eager to learn. I'm in the middle of attempting to pick up point figure technique and that I know that PF's effectively about reading nude price structure which involves recognising the accumulation/mark up/mark down/distribution phases of the market. That is related to a reading of congestion / distribution zones in a sense. Would you mind explaining how you exchange about them, in terms of how you set up trigger points, SLs, etc?