Quote from: eddie13 on April 03, 2019, 09:43:20 PM

Quote from: JayJuanGee on April 03, 2019, 09:32:04 PM

Quote from: hodl_2015 on April 03, 2019, 09:23:56 PM

Quote from: HairyMaclairy on April 03, 2019, 08:54:36 PM

Quote from: Raja_MBZ on April 03, 2019, 08:48:12 PM

I want that correction! Buy order ready at $4600:

A suggestion: Dont use round numbers for your limit orders. Put it $20 or $30 above because if the price is going to bounce, it will bounce above $xx00. If the prices touches $xx00 then its going to drop below that amount.

It could eat though half the wall at $4600 and not drop below, but then your order depends on which of the $4600 orders are processed first by the exchange. at $4601 yours should be processed before all the $4600 orders.

Hairy is correct, as seems to be a frequent pattern in recent times with these price and practice matters.

In sum, best practice is that you should be setting your buy orders a bit higher than the round numbers and also your sell orders a bit lower than the round numbers.

When you assert that price might possibly do x, y or z and half way eat through such round numbers blah blah blah.. you are being both intellectually lazy and likely more greedy than you need to be. The odds are against you, too, especially if you look at how the BTC price usually behaves and even if you want to attempt to rationalize away your bad practice(s), seeming laziness and lack of desire to improve your approach.

Yeah but if the wall is at 4620 you need to put your order in @4625 or something. Walls do tend to be on the round numbers but even the walls cut infront of eachother..
Look at the books to place your orders..

Even though I have a system in which I steadfastly follow what Hairy suggested, not placing either my buy orders or my sell orders at round numbers. I rarely go so far as to structure my orders around random walls on the order book.. unless I just coincidentally notice such walls and I want to get my order filled before that wall is touched upon, as you suggested eddie.

For me, I would rather just stick with my system that is based on my own attempts to keep emotions out of the matter, so I don't really care very much if the orders get filled or not.. .but like you mentioned if there is some obvious issue or even certain key resistance or support points, then I will attempt to tweak my orders around those kinds of possible sticking points.