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Old 02-12-2004, 08:40   #6 (permalink)
MickMason
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The S/L on the long would be a BID @1.9325 not an Ask, you're selling to close a long.

A limit order to go long @1.9325 would be the ASK, so yes the Bid price would have to be 1.9321 to trigger the order.

If the low is 1.9323 Bid (1.9327 Ask), your Sell Stop Loss @1.9325 would have been triggered. Your Buy Limit Order @ 1.9325 would also have been triggered.

Mainstream brokers don't actively hunt stops, that's small back street IB's that do that.

Mick
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