rookie report on filling out a pending order
DESCRIPTION
Rookie Report on filling out a Pending Order . You should have your “Trading Plan” completed before opening an Order Window. How to open the Order Window. Right click on the body of the chart to bring up the menu. Put your cursor on the “Trading” choice to bring up a sub-menu. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/1.jpg)
Rookie Report on filling out a Pending Order
![Page 2: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/2.jpg)
You should have your “Trading Plan” completed before opening an Order
Window.
![Page 3: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/3.jpg)
How to open the Order Window
• Right click on the body of the chart to bring up the menu.
• Put your cursor on the “Trading” choice to bring up a sub-menu.
• Left click on “New Order” to open the Order Window.
• F9 is a short cut to the Order Window.
![Page 4: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/4.jpg)
The Order Window that opens is pair specific.
![Page 5: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/5.jpg)
Fill out the Order Window according to your “trading plan”.
![Page 6: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/6.jpg)
Stop Loss
![Page 7: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/7.jpg)
Take Profit
![Page 8: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/8.jpg)
Choose “Pending Order”
![Page 9: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/9.jpg)
Choose “Buy Stop” or “Sell Stop”
![Page 10: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/10.jpg)
Entry Price
![Page 11: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/11.jpg)
Double Check to avoid mistakes
• Before you “Place” the order, Stop!!• Use your trading plan to double check each of
the values on the Order Window you just filled out so as to avoid mistakes.
![Page 12: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/12.jpg)
Place the order
![Page 13: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/13.jpg)
Check your Trade before clicking OK
![Page 14: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/14.jpg)
When the “Place” button was clicked the order is completed
• Don’t be confused by the second window that comes up with the OK and Print button on it.
• That second window is simply a confirmation window that you can print out if you want to.
• Your order is in the market when you click the “Place” button and the confirmation window shows up.
![Page 15: Rookie Report on filling out a Pending Order](https://reader035.vdocuments.us/reader035/viewer/2022062218/5681632f550346895dd3acd2/html5/thumbnails/15.jpg)
There you have it!!
• I will post this as a file on the NBL web page for you.
• See you on the Beach!!!