Why there is difference between buy limit and buy stop?
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Thread: Why there is difference between buy limit and buy stop?

  1. #1
    I am aware that buy limitation is put below the price and buy stop is over it? Why it doesnt have a single name?? When price reaches price it execute the buy order?? I'm also very confused about market interruptions on vaions and these types of orders, so please help.

  2. #2
    axrunes_42
    Guest
    When you will get an alarm on your mobile phone, it must say attained BUYLIMIT or BUYSTOP.
    What exactly unclear for you concerning gaps?

  3. #3
    I asked this question once myself. Think of it like that (I still have it printed out and taped to my old screen )

    Pending Orders

    Buy Cease = Going LONG once price comes UP to hit on the entrance
    Buy Restrict = Going LONG once price comes DOWN to hit on the entry price
    Sell Stop = Going SHORT once price comes DOWN to hit on the entrance
    Sell Limit = Going SHORT when price comes UP to hit on the entry price

  4. #4
    Quote Originally Posted by ;
    I asked this question . Consider it like that (I still have it printed out and taped to my previous monitor)

    Pending Orders

    Buy Stop = Going LONG once price comes UP to hit the entry
    Buy Restrict = Going LONG once price comes DOWN to hit the entry price
    Economy Stop = Going SHORT once price stems DOWN to hit the entry
    Economy Limit = Going SHORT once price comes UP to hit the entry price
    I understand that. But can't you discover that the buy order is excuted when PRICE HITS ENTRY as you said now?
    My query is why distinct nomenclature between the 2 orders.

  5. #5
    A buy stop you'd use on a breakout commerce. Whereas a buy limit you'd use if you were searching for the pair to bounce a particular degree but continue going long after the retracement.

    Dont make it tougher then it has to be.

  6. #6
    ugesrresSdes
    Guest
    Quote Originally Posted by ;
    I know that buy limitation is put below the price and buy stop is over it? Why it doesnt have one name?? When price reaches certain price it implement the buy order?? I am also very confused about market interruptions on vaions and these types of orders, so please help.
    Hey

    you can check this articles produced by the guy himself Merlin

    expect it helps

    https://www.forexforum.co.za/trading...le-system.html
    https://www.forexforum.co.za/general...-question.html

  7. #7
    Quote Originally Posted by ;
    I understand that buy limit is place below the price and buy stop is over it? Why it doesnt have one name?? When price reaches certain price it execute the buy order?? I'm also quite confused about market gaps on holidays and these kinds of orders, so please help.
    Cease are assumed to be exchanged through, limits are exchanged against. Consider it like trading bounces and breakouts with support and resistance. Placing a buy stop is like investing in a fracture of resistance. Placing a buy limit is like investing in a bounce off of support.

    Market openings occur becuase there's still trading happening at the off period, typically through literal exchange businesses and banks. We just cant find it cuz we dont have access to it. We dont find what happens in between, just the beginning and end. To us it looks like a difference, but to other people it doesnt. Sometimes, on DBFX charts, you can really observe the off-hours trading happening, but cant trade it.

  8. #8
    Quote Originally Posted by ;
    I know this. But can't you discover that the buy order is excuted if PRICE HITS ENTRY because you said today?
    My query is why different nomenclature between both orders.
    Go to this link as http://www.investopedia.com/search/s...ssubmit=Search.

    Remember that the phrases used from the Spot/Retail market aren't precisely the same as employed elsewhere ie futures etc..

    A Stop order tells the borker to place your trade to the market (ie it becomes a market order) and unless you pay yourself by simply stipulating a maximum deviation from the price that your Stop has been placed at then you could wind up with whatever price that the borker could get taken on the other side.

    A Limit should be filled only at the price indied OR better; this isn't true with a Stop (market) order.

    When you're coping in pennies and cents this won't normally be a problem; start going in with large positions with regular lots and you may have a few surprises if you do not know what you're doing. However, I suspect that is not a problem for you right now.

  9. #9
    Also, there are Buy Stop-Limit
    and Economy Stop-Limit

  10. #10
    esngoSzuak
    Guest
    Hi All,

    I have quick question that likely has a very straightforward answer.

    I am looking to set a pending order to get a trade however I have the next problem.



    I am attempting to set a pending order - price is currently at which the number 1 is on the chart - over the red line

    The red line is currently representing at which I wish to buy - however I dont need my buy order implemented until stage two, when price is underneath the red line

    Is there a way of setting a pending order for this sort of commerce?

    The reason I want to execute it this way is because I'm often not in the computer to await price to crack through the red line and then set my pending order to get a long position.

    I hope this makes sense!

    Many Thanks,

    TheDell

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