Setting Entries with Limit Orders

[Turox]

I want to get better at pre-setting trades instead of jumping in emotionally. I heard people use limit orders to automate their entries — especially buy and sell limits for reversals. I get the general idea, but I’m unsure how exactly a buy limit works in forex and where it fits into a trading plan.

[Flomarrio]

So in forex, a buy limit forex order is used when you want to buy an asset at a lower price than it’s currently trading at. It’s great for situations where you expect a pullback before the price resumes moving up. Let’s say EUR/USD is sitting at 1.0850, and there’s strong support around 1.0810 — you’d set a buy limit at 1.0810. If price dips, your order activates, and you enter at that lower level. This works well when you’re trading a bounce from support or re-entering after a breakout and retracement. I use it when I want precision and don’t want to chase price. It also helps with discipline — I’m no longer tempted to enter too early. One tip: make sure you set your stop loss and take profit at the same time. Buy limit orders won’t activate unless the market drops, so they protect you from entering too high. I’ve had trades skip my entry, but I’d rather miss a move than get in at the wrong level. It’s a tool for patient trading.

[carissb]

great information thank you