How to Use Limit Orders: Buy Limit Order vs Sell Limit Order

Limit order definition - Entry limit is an order to buy or sell a Gold at a certain price that is a pullback level where price is predicted to pullback to before it resumes the original trend. Traders use limit pending orders to buy/sell at better market price. Buy Limit Order vs Sell Limit Order - These types of limit orders are available in most online trade platform softwares, for our examples we will use Meta Trader 4 software.

Buy Limit Order vs Sell Limit Order - An entry order of this type can be used to open buy below the market level (upward trend retracement) or sell above the market level (downward trend retracement).

Buy limit - When buying, your entry buy limitpending order is executed when the market falls to your set price. (retraces down) - buy limit order below market price

Sell limit - When selling, your entry sell limitorder is executed when the market rises to your set price. (retraces up) - sell limit pending above market price

Entry orders are placed by traders when they expect price to bounce back after reaching this level.

Buy Limit Order buy at a level below the ruling market level.

Sell Limit Order sell at a level above ruling market level.

Buy LimitOrder Example

In the buy limit order example depicted and explained below, the buy limitorder was placed to open buy at a price below the ruling price. Point B is the point at where it was set.

How Do You Interpret the Difference between Sell Stop and Buy Limit? - How Do I Analyze a Sell Stop Trade Order?

Buy Limit Order Example - How to Use Limit Buy Orders - Limit Order Buy Example - Limit Order Trading Method

The price then retraced and went down to hit the buy limit, and afterward the price continued to move upwards in the direction of the original upwards trend. When the limit buy order was hit by price it changed to a buy order - How to Use Limit Buy Orders.

Limit Order Buy and Limit Order Sell - Buy Limit Order vs Sell Limit Order

Price Hits Buy Limit, Limit Buy Order Now Changes to a Buy - How to Use Buy Limit

Sell LimitExample

In the sell limit order example illustrated and explained below a the sell limit order was put to sell at a price above the current market price. This is the level for the price retracement.

How to Analyze the Difference between Sell Limit Order and Sell Stop Order - Sell Stop Order

Sell Limit Order Example - How to Use Limit Sell Orders - Limit Order Sell - Limit Order Trading Method

The price then rallied, moved up to hit the sell limit order, & afterward the price continued to move downwards in the direction of the original downwards trend.

How to Use Limit Orders - Limit Order Buy and Limit Order Sell

Price Hits Sell Limit Order, Sell Limit Order Now Changes into a Sell - How to Use Sell Limit Orders

When the market price hit the set sell limit pending order level and the pending order changed into a sell, this is therefore a good strategy to sell at a better price after a pull-back.

Setting Limit Buy Order and Limit Sell Order on MT4

How to Use Limit Orders - to set up these gold limit orders in MetaTrader 4 platform, Right Click on chart>>> Choose 'Trading'>>> Then Choose 'New'>>> Then on the pop-up window panel that appears (illustrated below), under label 'Type' choose the option of 'pending' instead of 'market execution'>>> Under the pending order options choose the pending order type: for This example choose either "Buy Limit" or "Sell Limit " depending on whether you as a trader want to place a pending buy limit order or a pending sell limit.

How Do I Use Limit Orders? - How Do I Use Limit Orders? - How Do I Analyze Pending Orders in Charts?

How Do I Use Limit Orders - Setting Limit Order Buy and Limit Order Sell in MetaTrader 4

Sometimes, setting the point value to place your limit pending can be calculated using a number of method, setting a limit order too far may mean your entry limit pending not getting executed, the best tool and gold technique to use is Fibonacci retracement trading indicator and use the 38.2 % Fib retracement levels. This fibonacci retracement level is used by many traders & entry limit orders tend to crowd at this Fib retracement level, therefore the best trading strategy to place a trade position would be to use the 38.2% Fibonacci retracement level. Fibonacci Retracement Tutorial for Setting Limit Orders - Fib Retracement Tutorial

Get More Lessons & Tutorials:

Trade Gold Trading

How to Use Limit Orders: Buy Limit Order vs Sell Limit Order

Buy LimitOrder Example

Sell LimitExample

Setting Limit Buy Order and Limit Sell Order on MT4