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)
YM chart - confused as closing price different to order?
@kazz
The chart like you say shows the close at 24433, the CME settlement page says 24432, so in effect the same.
The order window price is off but it sounds like you are trying it after the close so you couldn't place an order anyway. The market reopens at 6pm ET Sunday ( https://www.cmegroup.com/trading/equity-index/us-index/e-mini-dow_contract_specifications.html ), and then the order window and chart should match prices.
(Though the main regional trading hours with the highest volume match the US stock market hours of 9:30am - 4:00pm ET).
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Hi @matthew28 many thanks for this. It makes sense.
What l did notice is that if l right click on the chart and select a pending order then l do have the option to select a buy price equal to or greater than the closing price of 24433 on the chart.
Without seeing it myself that sounds like an order to place a buy stop order above the market, so the order would trigger and be entered if price came up to and traded at that price. Usually as a stoploss order to protect a short position, but also to enter a long trade say if price moved up and broke out of a range.
Or it might be an option to place a limit order to buy slightly above the market, useful in thin fast moving markets as it can limit potential slippage rather than just risking hitting in with a market order and not knowing how far away from the current price the order could actually be filled.
(Apologies if that is stating the obvious).
I'm unfamiliar with MT4 though so either way I'm guessing.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
