Dislikedwell lets say we are 15 mins into a 30 min candle. candle opened, moved down or up 10 pips, and retraced 5 to the center of the candle. now we have a high/low of an unfinished candle. a pending order can theoretically make the market prove that its moving in our direction.
another example, we are 10 mins into our candle, candle opened moved down 18 pips, and moved back up to its high, so we are looking at the chart at the current high, we just enter right away, market order. 18 +10 pips = 28 pip SLIgnored
kind of risky this way. i have had more success by waiting for the m30 candle to close before setting pending orders. because this way once m30 extreme candle has closed, if the price then breaks the high or low of it, it is highly likely to continue that way.
yoiur buy of last night got stopped out ?