Jump to content
  • 0

PROFIT LIMITS NOT FIRING


deus777

Question

A short on gold with a limit at 1964 didnt fire when gold spiked to 1977. why??? now that position is negative.

 

this is not the first time limits have failed to fire. what possible excuse is there for this?

is anyone else having problems with the limits?

1159181101_ScreenShot2020-08-28at1_59_51pm.thumb.png.7917079ad03587f3237136bea878e01c.png

 

Link to comment

10 answers to this question

Recommended Posts

  • 0

Are you confusing stop orders and limit orders?  A stop order is used when the price is moving against you, a limit order is for when the price is moving your direction.   

Another way to think, Stop is stop-loss.  Limit is take-profit.

The image wouldn't load on my phone for whatever reason (I'm guessing it's a graph?), so I'm only going by your written description of what has happened.  My interpretation of your written description is that you've set a limit instead of stop.

Edited by DavidDeadbeat
Link to comment
  • 0

actually it was a long not a short and I rarely use stops, I use mostly profit limits.  and it was clearly a profit limit

had another one on bitcoin last week. was watching it on a different broker as it went past my limit. I thought I had better check IG to see if the limit triggered. logged in and it hadn't. I thought that's odd, checked the grand canyon scale spread in case it might be holding up the trigger but the price was well clear. I also noticed that IG prices were lagging the other broker.

then about a minute or more later I got the notification that it triggered. I guess you can't expect brisk hardware much from a company that makes £300m profit off its customers.

 

 

Link to comment
  • 0
1 hour ago, deus777 said:

I thought that's odd, checked the grand canyon scale spread in case it might be holding up the trigger but the price was well clear. I also noticed that IG prices were lagging the other broker.

Great, tell us the name of the other broker and we can all make a fortune playing arbitrage. Please don't tell us that in fact leading lagging prices constantly change as the broker's prices pirouette and orbit around the average of all the crypto exchange's prices because that would be just no use at all.  

Link to comment
  • 0
20 minutes ago, Caseynotes said:

Great, tell us the name of the other broker and we can all make a fortune playing arbitrage. Please don't tell us that in fact leading lagging prices constantly change as the broker's prices pirouette and orbit around the average of all the crypto exchange's prices because that would be just no use at all.  

 

if the spread here wasn't so cavernously wide. I am moving all my bitcoin trades to the exchanges, slowly. 

 

 

Link to comment
  • 0
2 minutes ago, deus777 said:

 

if the spread here wasn't so cavernously wide. I am moving all my bitcoin trades to the exchanges, slowly. 

 

 

yes the spreads are massive and inhibiting and all the brokers seem to be sticking together and keeping them high.

Tho that's  just 1 reason why I don't trade crypto but it's probably linked to the other reasons.

- The crypto market remains unregulated (refused by SEC multiple times).

- Large 'Whales' control most of the coin and can 'play' the market very easily.

- 'Pump and Dumps' are common, not only triggered by the Whales but also crowd sourced on social media platforms.

 

Link to comment
  • 0
2 hours ago, Caseynotes said:

yes the spreads are massive and inhibiting and all the brokers seem to be sticking together and keeping them high.

Tho that's  just 1 reason why I don't trade crypto but it's probably linked to the other reasons.

- The crypto market remains unregulated (refused by SEC multiple times).

- Large 'Whales' control most of the coin and can 'play' the market very easily.

- 'Pump and Dumps' are common, not only triggered by the Whales but also crowd sourced on social media platforms.

 

If I were to show you  bitcoin charts and gold charts would you be able to pick which is which?

the key to trading any of these is keeping your leverage as low as possible and have sufficient capital to not care if you get a crash and still have plenty of money to repair your trades. there's a reason all these cfd brokers encourage high leverage. one doesn't make £300m profit by just  shaving spreads even at a cavernous 30 points.

I like bitcoin it has plenty of volatility

 

 

Link to comment
  • 0
1 hour ago, deus777 said:

If I were to show you  bitcoin charts and gold charts would you be able to pick which is which?

yes normally I'd agree and I've said as much before myself but bitcoin is the exception that proves the rule.

2 - H4 charts below, gold and bitcoin - bitcoin is the one with all the pump and dumps - easy.

image.thumb.png.a9f99384078e58a3abd29ac61c51a3ec.png

image.thumb.png.6087bc15bd6464b2db46c7094a02d774.png

 

1 hour ago, deus777 said:

I like bitcoin it has plenty of volatility

yes, pump and dumps do make for plenty of volatility. In between times though it's often as flat as a pancake.

image.thumb.png.849e62a34bf671ca0de348e78b187fec.png

Link to comment
  • 0

the pumps and dumps dont bother me as I then not to use stops and they reverse pretty quick. I use them as setups for quick profits.  I set orders/trades with shortish limits to catch them.  see image I posted above.

you get them plenty everywhere. generally institutions or market makers hunting for stops or to create liquidity for a big reversal. 

Link to comment
  • 0

This has happened to me at least three times in the last week and I'm pretty disappointed.

At first I gave the benefit of the doubt that there were not enough orders at that price to fill mine but at least two of them dipped massively after my price (they were both shorts) and I find it highly implausible.

Also if it's a CFD then there is no underlying stock right? 

I would really appreciate an explaination IG! Reference on most recent trade was QVBT4NBD. Please note that I have only been making small trades and will not risk serious capital on a platform that regularly ignores my orders when I'm in profit...notably it closes when I'm in the red without issue...

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Silver Elliott Wave Analysis  Function -Trend Mode - Trend Structure - Impulse for (A) Position - Wave 3 of (A) Direction - Wave 4 of (A)  Details - Currently in wave 4 dip before further rallies for wave 5 of (A) higher. We should see one more leg lower for wave 4. The current bullish resurgence on Silver started in January 2024 after a sideways move in over a year prior. By projection, it doesn’t look like this bullish run is ending soon. Buyers will continue to wait for dips to buy. With Elliott wave theory, we can identify the identity of the dips and when a bigger pullback is on the way. The current dip that started on 12 April 2024 is expected to take a leg lower before the bullish trend resumes. In today’s commodity blog post, we will look at the position of the current price in the larger framework and what target traders should expect for the current bullish trend.    On the daily time frame, we could identify that the current rally is part of a bigger bullish correction that started on March 20, 2022 at 11.645. Since then, a double zigzag pattern has been emerging upwards, labelled waves (w)-(x)-(y) of the supercycle degree. Wave (w) ended at 30.08 on 3rd February 2021 and wave (x) concluded at 17.56 on 31 August 2022. By projection, wave (y) could reach 44.995 if we get a 100% relationship between (w) and (y) which often happens with zigzag structured. From the 2022 low of 17.56, wave (y) is emerging and itself now sub-divides into blue waves ‘W’-’X’-’Y’ - a double zigzag pattern. Blue wave ‘W’ ended on 3rd February 2023 at 24.65 before price entered in to a triangle sideways structure for blue wave ‘X’ that lasted for over a year.  Currently, we are in wave (y) of the supercycle degree that can sub-divide into at least three waves. Current rally is the first leg or first leg of the first sub-wave of (x). If we go with the latter, then we are in wave (A) of w of (x) but if we go with the former, we are in wave a of (w). All these may sound confusing to a beginner in the subject of Elliott wave theory. We can just focus on wave (A) ahich is expected to be an impulse from 21.929. The H4 time frame shows its sub-waves more clearly. On the H4 time frame, we are currently in wave 4 pullback of wave (A). 1st and 2nd legs of wave 4 seem to have completed. We will expect another leg lower into the 26.86-26.07 Fibonacci extension zone where wave 4 might find a support for further rallies in wave 5 of (A). Therefore, we can conclude that current dip has not violated the bullish development in anyway. It’s just an opportunity for new and existing buyers to get in long positions from the dip.   Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!    
    • This is like the Super Bowl for crypto folks, right?  My expectations are cautiously optimistic; we've seen history repeat itself with previous halving events leading to price surges, so let's hope the pattern holds true this time.
    • CRM Elliott Wave Analysis Trading Lounge Daily Chart, Salesforce Inc., (CRM) Daily Chart CRM Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION:  Intermediate wave (4) DIRECTION: Bottom in wave (4). DETAILS: We are reacting off TL3 at 300$, in what we labelled as wave (3) of Primary 1. We experienced a long term correction in wave IV which appears to be complete, and we are now looking for continuation higher.       CRM Elliott Wave Analysis Trading Lounge 4Hr Chart, Salesforce Inc., (CRM) 4H Chart CRM Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave C of (4).   DIRECTION: Bottom in wave C. DETAILS: We seem to have a three wave move so far in wave (4), with a sideways wave B which because of its characteristics it gives us additional confidence we could be in a corrective structure.       Here's the latest on Salesforce Inc. (CRM) from our Elliott Wave Analysis Trading Lounge, examining both the daily and 4-hour chart.   * CRM Elliott Wave Technical Analysis – Daily Chart* Salesforce is currently exhibiting behavior typical of a counter trend phase with a corrective mode and flat structure, positioned in Intermediate wave (4). The direction is indicating a potential bottom in wave (4). We've observed a reaction off the key level, TL3 at $300, which we have identified as wave (3) of Primary 1. Following a prolonged correction in wave IV, which now appears complete, the outlook suggests a potential continuation higher. * CRM Elliott Wave Technical Analysis – 4hr Chart* The 4-hour chart further supports the daily findings but focuses on the specifics of the ongoing correction in Wave C of (4). This phase is also characterized as counter trend, corrective, and flat. The chart shows a three-wave structure for wave (4), with a sideways wave B. The nature of wave B provides additional confidence that we are indeed in a corrective structure, setting up expectations for a bottom in wave C.   Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!  
×
×
  • Create New...
us