What's the Difference between Sell Limit Order & Buy Stop Order?

What is Sell Limit?

A sell limit pending order is an order to sell gold at a better price after price has retraced upwards from its current zone.

A sell limit pending order is an order to sell after the market retraces upwards within a downwards trend.

A sell limit pending order is only executed when prices moves upwards and retraces to the set sell limit zone.

Entry Limit Orders: Sell Entry Limit

Sell Limitdefinition - Entry sell limit is an order to sell gold at a certain xauusd trading price that is a retracement level where price is predicted to pull back to before resuming the original trend.

Traders use the sell limitpending orders to sell at a better market price. These types of sell limit orders are provided for in most of the online trading softwares, for our examples we will use MetaTrader 4 platform.

An entry sell limit order of this type can be used to sell above market level (pullback in a down market trend).

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

Entry orders are placed by online traders when they expect price to pullback downwards after reaching this zone.

Entry Sell Limitsell at a level above ruling market level.

What's Sell LimitOrder Example?

In the trading examples illustrated and described below a the sell limit order was placed to sell at a price above the current market price. This is the level for the price retracement.

What is Sell Stop Order and Sell Limit Trade Order?

Sell Limit Order Placed to Sell above the Current Market Price

The price then rallied, moved upto hit the sell entry limit, and afterwards trading price continued to move down-wards in direction of the original downward trend.

How to Read Limit Orders Buy Limit Order and Sell Limit

Gold Price Hits the Sell Limit Order - Order now Changes into a Sell order

When xauusd trading price got to the set sell limit pending order level the sell limit pending order changed into a sell order, this is therefore a good technique to sell at a better price after a price retracement.

What is Buy Stop ?

What Does Buy StopOrder Mean?

A Buy Stop Order is an order to buy xauusd after the price rises to the set buy stop price zone.

The buy stop order is always set to buy above existing market prices.

What's Buy StopOrder Example?

In the examples described and shown below a buy stop order was placed to buy at a level above ruling market price.

The price of the trading instrument then went up to hit the buy stop order, & afterward price continued to move upwards.

What's Difference in XAUUSD Trade between Sell Limit Order and Buy Limit ?

Setting Buy Stop Order above Resistance Level - What's Buy Stop Order?

Buy stop order is also used to set pending order when there a consolidation setup on a chart. Buy stop order is used to set a buy order just above the consolidation pattern as shown below so that if there a trading price break out upwards after the consolidation pattern then a new buy order is opened - by the buy stop order once the buy stop price set is reached.

Buy Limit vs Buy Stop Trading Pending Order

Setting Buy Stop Order in a Break out

A Buy trade was generated from the above buy stop order when the price broke a resistance area in the first examples and when there was an upwards price break-out after a market consolidation setup on the second buy stop order example.

Get More Lessons and Tutorials: