Looking at the chart below I would like to know what type of order would protect me by canceling the order if the markets opens with a gap like this market did.
Is there any order type that would let me sell at the purple line, but would cancel if price opened with a huge gap (green line) like this one did? I ask because I am not able to access the markets at opening, and really wouldn't be interested in a trade like this unless price opened above my sell price, and then went down through the sell price.
Thanks.
Is there any order type that would let me sell at the purple line, but would cancel if price opened with a huge gap (green line) like this one did? I ask because I am not able to access the markets at opening, and really wouldn't be interested in a trade like this unless price opened above my sell price, and then went down through the sell price.
Thanks.