WickCheck / Trading school / Limit order
Limit orderBeginner
An order to buy below or sell above the current price, filled only at your price or better.
What it means
Most FVG and order block entries are limit orders: you wait for price to come back to your level. The risk is that price never returns and you miss the trade.
How to spot it
- Buy limit below price, sell limit above price.
Common mistakes
- Moving the limit closer every time price nearly touches it.
Related terms
Market orderAn order filled straight away at the best available price.…Stop orderAn order to buy above or sell below the current price, used to enter breakouts o…Fair value gapA three-candle pattern where the wicks of the first and third candle do not over…
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Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.