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Sell Limit not executed but price reached

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I placed a sell order on Synairgen today could not get a quote so place a Limit order at 175 Price at that time was about (160-175)  about 1 hour late i am checking my order and see the price is (185-195) and has been higher but order has not executed why is this.

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Synairgen is a market maker stock and uses the SETSqx trading system.  There is no order book.   Any limit order would only execute if a matched limit order was uncrossed and executed at auction uncrossing times.   These are 0800, 0900, 1100, 1400 and 1635.  Even though you wanted to sell @ 175p and if the sell price was say 200p+ it would still not automatically execute if using limit orders - only if your trade was uncrossed (not crossed out) at auction uncrossing time would it execute.   

https://www.lseg.com/sites/default/files/content/documents/LSEG_SETSQX_FACTSHEET_1.PDF

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Guest RobJ

I've had this twice now recently. Last night my limit was hit twice at around 5am. Both times the limit didn't trigger. Confidence in this platform is dropping for me.

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    • I would says so, unless you are dealing with short time frames and large sums of money and you are able to be glued to the screen 100% of the time and give it your full attention.
    • So that's a bearish candle, after an up move that's running out of steam (with small read bodies and long legs), falling back down towards established Fibonacci levels, with a MACD crossing from above 0 and RSI below 50     At one point I had the RSI set to 9, and that additionally gives an overbought divergence (price goes higher but RSI doesn't).  This also gives a nice oversold indication when the move down is coming to an end  
    • MACD and RSI are saying the same thing (MACD crosses below signal and RSI drops below 50) What's really useful here though are those Fibonacci levels.  (Except when they aren't, like where the big horizontal oval shape is)  
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