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You are hung up on terminology. It's pretty simple to understand the example. Are you trying to say that the word STOP is never used with limit?? Right or wrong it is used by alot of brokers. But that is all beside the point that an order placed in the opposite direction of the open position...

Man you people are just real quick to try to make someone into a dumbass. Maybe it feeds you ego or something. As I said above (read it again please) brokers will often throw the word "STOP" around in places where technically is doesn't belong. Does that mean that I don't know what a limit order...

I'm not some newB that needs to read some brokers trading handbook that every broker would have a different opinion about. If a position is already filled an OCO order would only be used to cancel a stop loss order if a target price is hit. The target price and the stop loss price would both be...

The most correct way to phrase that would be limit order. I agree. However alot of brokers have a habbit of placing the word "STOP" there also. It's not me using this terminology it's the damn broker. I know what a limit order is.

WTF are you talking about?? Man you and your buddys are definately confused. Go back and read it again. Not that difficult to understand. Maybe a little over your head but still very simple.

Are there any real traders here or just these jokers??? If you guys have never heard of a stop loss order, then I would like to know what you are trading and with who?? Anyone trading FX with Forex.com? Limit orders, market orders and STOP LOSS orders are all available.

Forget the terminology that you are stuck on. The purpose of such an order is clear. Stop loss!!

Ok Mr smartass, explain how I am wrong? Sure I trade futures and FX and sometimes stocks. What does that have to do with anything? Are you trying to say that I don't know what I'm talking about with a stop loss order??? Man you have alot to learn.

Example: If I am long 1 S&P contract at 11000 and I place an order to sell 1 S&P contract at 10990 it is considered a stop loss order. If I place an order to sell 1 S&P contract at 11010 it is considered a stop limit order. If I place an order to sell 2 contracts at 10990 it is considered a...

Don't know what you are trading or who you are trading with but is my case, trading full size S&P contracts requires that my broker know EXACTLY what my intentions are. With the kind of commissions involved, he had better be jumping through hoops to know my intentions!! Or he sure as hell won't...

Hell if my broker refused to take a stop loss order, I would find another broker. Big difference between a stop loss and stop limit and if the broker wants to simply refer to both as a stop order, then he most likely doesn't understand or care about your intentions. Definately not my kind of broker.

There are two types of oders on my dealing station. (Excluding market orders) Stop loss and limit. It makes sense that limit orders can be used for entry or exit. But it makes absolutely no sense that a stop loss order can be used as an entry order. In the furures markets a stop loss order...

A stop loss order is an EXIT order. A stop limit order is an ENTRY order. Some people refer to them as simply stop orders but there is a difference.

Yeah I know. A stop limit not a stop loss. Who enters a position with a stop loss order?? Stop loss orders are exit orders everywhere else in the trading world.

I would like some opinions on this. (Not a demo account) Monday 10/17/05: Charts indicating downtrend in EUR/USD after Friday's pop into 1.2100 area. Easy to see. Mid morning I'm short at 1.2057. Market drops below 1.2030 within about a couple of hours. My stop loss is at 1.2060. Market...