The Chart Trading panel allows traders to place manual orders directly from a chart. To show or hide the Chart Trading panel, click the Chart Trading panel button at the top-right corner of any chart. The Trade Panel, shown in Figure 3, appears at the right side of the active price chart. When using the Chart Trading interface, orders can be entered by:
- Clicking the appropriate button in the Trade Panel,
- Right-clicking at the desired price level on a price chart or
- Using the drag-and-drop icons located at the bottom of the Trade Panel.
Figure 3: The Chart Trading interface appears at the right side of the active price chart.
Trading with Trade Panel Buttons
Chart Trading allows one-click order placements by using the Trade Panel buttons, shown in Figure 4. Similar to the Trade Bar, the trader must make selections for Account, Symbol, Quantity, Price and Time in Force. Once these fields have been defined, traders can enter Buy or Sell market orders by pressing the "Buy Mkt" and "Sell Mkt" buttons. The "Buy Ask," "Buy Bid," "Sell Bid" and "Sell Ask" buttons can be used to send buy and sell limit orders at ask and bid prices.
|Figure 4: One-click orders can be placed using the Trade Panel buttons.|
Trading Directly from a Price Chart
When using Chart Trading, be cautious because the price chart is cursor-sensitive, so right-clicking on the chart will generate an order at the clicked-on price level. To use this feature, hover the mouse over the appropriate price level on the price chart, right-click and select the order type and quantity from the list, as shown in Figure 5.
Figure 5: To trade directly from the chart, right-click on the appropriate price level and select the type and quantity from the list.
Different controls become active only if they are appropriate. For example, right-clicking above the price on a price chart will reveal Sell Limit and Buy Stop order options; clicking below the price will show Buy Limit and Sell Stop order options.
Trading with Drag-and-Drop Icons
Traders can also enter trades using the Place Order and Exit Strategy icons located at the bottom of the Trade Panel, shown in Figure 6. Additional icons can be viewed by clicking the scroll window button (which appears as a small arrow) above and below the Place Order or Exit Strategy icons, respectively, or by using the Expand/Collapse buttons. The icons are rearranged automatically; the most recently used icon will be displayed in the top left corner of the menu.
The Place Order and Exit Strategy icons can be applied by using one of the following methods:
- Drag-and-drop the appropriate icon to the chart,
- Right-click the appropriate icon and make a selection from the shortcut menu or
- Double-click the appropriate icon.
|Figure 6: Place Order and Exit Strategy buttons in the Trade Panel.|
SEE: The Nitty-Gritty Of Executing A Trade How To Place A Trade Using MultiCharts Trading Software: Modifying Orders
TradingThere are a number of ways to open trades within the Thinkorswim platform. Almost any time you can see a price quote for an asset, a buy or sell button will be close by. When buttons aren't present, ...
TradingMultiCharts DOM window displays market depth, profit and loss, current positions and pending orders. Entry and exit automation can be set up directly within the DOM window. DOM displays up to ...
TradingIn WebTrader, orders are placed using the Order Management Panel. To open the Order Management Panel, click the blue arrow or the title [Order Management] in the Order Management Panel title ...
TradingMultiCharts' Depth-of-Market (DOM) window, shown in Figure 8, displays market depth, profit and loss, current positions and pending orders (certain brokers, including Dukascopy and FXCM, do not ...
TradingTraders and investors can use the ScottradeELITE platform to place orders for stocks, ETFs and options. Placing a Stock or ETF OrderThe ScottradeELITE Order Entry window is where orders to ...
TradingForex.com's primary trading platform is FOREXTrader Pro, which is a fully customizable trading platform available via the web, download and all major mobile operating systems. In this tutorial, ...
TradingTraders can choose from a variety of intuitive order-entry interfaces within the TradeStation platform. Order BarThe Order Bar allows traders to place discretionary trades and strategy-generated ...
TradingCharts provide a visual depiction of the price movement of a tradable instrument. There many ways to view charts and to analyze them within thinkorswim. Three Charting Platforms There are three ...
TradingThere are quite a few ways to enter and manage orders in both the main platform and also in the charting platform. Orders can be categorized into two main sections - market orders and limit orders. ...
TradingE*Trade Pro charts allows traders to view information about a security's trading activity, including the high, low, opening and closing prices for a specified charting interval. Traders can add ...