Buy Stop Indices Order Meaning Explained and Examples
What Does Buy Stop Indices Order Mean?
A Buy Stop Indices Order is an order to buy indices after the stock indices price rises to the set buy stop stock indices price level.
The buy stop indices order is always set to buy above the existing market indices prices.
Buy Stop Indices Order
In the examples below a buy stop indices order was placed to buy at a level above the current market indices price.
The stock indices price of the indices trading instrument then went up to hit the buy stop indices order, and afterwards stock indices price continued to move upwards.
What is a Buy Stop Indices Order?
The buy stop indices order is also used to set a pending stock indices order when there is a consolidation stock indices chart pattern on a stock indices chart. The Buy stop order is used to set a buy order just above the consolidation stock indices chart pattern as shown below so that if there is a indices price breakout upwards after the consolidation stock indices chart pattern then a new buy order is opened - by the buy stop indices order once the buy stop stock indices price set is reached.
Setting Buy Stop Indices Order in a Indices Trading Breakout - Buy Stop Indices Order Meaning Explained and Examples
A Buy trade was generated from the above buy stop indices order when the stock indices price broke a resistance level in the first example and when there was an upward stock indices price breakout after a market consolidation stock indices chart pattern on the second buy stop indices order example.