Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I went short EURNZD at 1.4045 around 23:00 17/4/2015 (UTC+8) and set a BUY LIMIT order at 1.4028 for profit target. However, my order wasn't filled even when the two candlesticks I shown in attachment crossed over my BUY LIMIT order level. It was not ONCE, but TWICE, and yet my order wasn't filled in the end.
A limit is an order to buy at a specific price or better. I am assuming you know this, if you are trading with skin in the game, and are probably aware of the different order types. If not I highly reccomend a visit to Inestopedia: https://www.investopedia.com/university/intro-to-order-types/I would think that for a sure entry or exit you would need to use a "market order" or a "market if touched" order type. While MIT does not insure an excact fill price it does insure a fill but with a chance for slippage.
I am a begginer also, so maybe someone with a bit more experience will enlighten you further.
Good Luck!
"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
... Long story short, you need to take the spreads into account.
if you want to buy @ 1.4028, and the spread is 3 pips, then set the buy limit @ 1.4031.