Jump to content
  • 0

New Trader


sidshare

Question

Good morning ,

 

can anyone give me some advice on the issue i'm currently having when i place a trade on the German Dax ?

As an example this morning the previous close for yesterday was 15661 and the open this morning was 15651 , the gap wasn't really large enough to encourage a trade but as i am new to trading i decided to try a trade . I put my entry point 2 points above the high of the first 5 minute bare at 15654 , my stop/loss 52 points away from my entry point and when i attempted to put my exit point in ( 2 points before the previous days close ) i get the message box come up saying - ' Limit level is too far from the current market price ' . I just don't understand where i'm going wrong when indicating my limit/exit point , any help from experienced traders would be very much appreciated , thank you .

 

Steve - UK

Link to comment

4 answers to this question

Recommended Posts

  • 0
17 hours ago, sidshare said:

Good morning ,

 

can anyone give me some advice on the issue i'm currently having when i place a trade on the German Dax ?

As an example this morning the previous close for yesterday was 15661 and the open this morning was 15651 , the gap wasn't really large enough to encourage a trade but as i am new to trading i decided to try a trade . I put my entry point 2 points above the high of the first 5 minute bare at 15654 , my stop/loss 52 points away from my entry point and when i attempted to put my exit point in ( 2 points before the previous days close ) i get the message box come up saying - ' Limit level is too far from the current market price ' . I just don't understand where i'm going wrong when indicating my limit/exit point , any help from experienced traders would be very much appreciated , thank you .

 

Steve - UK

Hi Steve,

Is that the error message that you see on your deal ticket?

You might need to put your entry point level at a minimum of 10 points away from the current level
image.png
 

If you need further assistance please contact us on the helpdesk.uk@ig.com.

All the best - Arvin

Link to comment
  • 0

Hi  Arvin , many thanks for your reply on the issues i'm having getting my limit/exit point correct . The deal ticket seems to be accepting my entry point , stop loss okay but when i indicate on the ticket my exit point i get the message come saying ' Limit level is too far from the current market price ' . I have just finished studying John Pipers spread betting course and in it he says that your exit point should always be 2 points before the previous days close , but when i do this it gets rejected , i must be doing something wrong .

This morning for example yesterdays close was 15511 , the open this morning was 15574 so that's a good 63 point gap . So as it's an up gap i was looking for trading down , the close didn't however move downwards so no trade as per John Pipers rules . If the first five minute bar had closed in a downward direction i would of put my entry point 2 points below the low of the first five minute bar and my exit 2 points before the previous days close 15513 , do you agree with those calculations ?

Look forward to hearing from you ,

 

Regards , Steve

 

 

Regards , Steve

Link to comment
  • 0
10 minutes ago, sidshare said:

Hi  Arvin , many thanks for your reply on the issues i'm having getting my limit/exit point correct . The deal ticket seems to be accepting my entry point , stop loss okay but when i indicate on the ticket my exit point i get the message come saying ' Limit level is too far from the current market price ' . I have just finished studying John Pipers spread betting course and in it he says that your exit point should always be 2 points before the previous days close , but when i do this it gets rejected , i must be doing something wrong .

This morning for example yesterdays close was 15511 , the open this morning was 15574 so that's a good 63 point gap . So as it's an up gap i was looking for trading down , the close didn't however move downwards so no trade as per John Pipers rules . If the first five minute bar had closed in a downward direction i would of put my entry point 2 points below the low of the first five minute bar and my exit 2 points before the previous days close 15513 , do you agree with those calculations ?

Look forward to hearing from you ,

 

Regards , Steve

 

 

Regards , Steve

Hi, if you tag such as, @ArvinIG they will get a notification they were mentioned.

Link to comment
  • 0
19 hours ago, sidshare said:

Hi  Arvin , many thanks for your reply on the issues i'm having getting my limit/exit point correct . The deal ticket seems to be accepting my entry point , stop loss okay but when i indicate on the ticket my exit point i get the message come saying ' Limit level is too far from the current market price ' . I have just finished studying John Pipers spread betting course and in it he says that your exit point should always be 2 points before the previous days close , but when i do this it gets rejected , i must be doing something wrong .

This morning for example yesterdays close was 15511 , the open this morning was 15574 so that's a good 63 point gap . So as it's an up gap i was looking for trading down , the close didn't however move downwards so no trade as per John Pipers rules . If the first five minute bar had closed in a downward direction i would of put my entry point 2 points below the low of the first five minute bar and my exit 2 points before the previous days close 15513 , do you agree with those calculations ?

Look forward to hearing from you ,

 

Regards , Steve

 

 

Regards , Steve

Hi @sidshare, I have reach out to you via email to help with your query. We will need a bit more details to be able to assist you in placing your order.

Thank you - Arvin

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
  • General Statistics

    • Total Topics
      22,068
    • Total Posts
      92,909
    • Total Members
      42,474
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    scobes2
    Joined 17/05/23 10:51
  • Posts

    • Does anyone else know any other SB providers that you can use to trade through TV?  I've only so far seen CFD providers which doesn't work for me due to tax reasons (mainly the hassle of having to account for it as well as the obvious cost).
    • Is there any update on when/if there will be any integration with Tradingview???
    • The anonymity of cryptocurrency transactions can vary depending on the specific cryptocurrency you use and the methods you use. While some cryptocurrencies provide a degree of privacy and anonymity, it is important to note that achieving complete anonymity can be difficult. Most cryptocurrencies operate on a pseudonymous basis. Transactions are recorded in a public ledger, called a blockchain, using cryptographic addresses instead of personal information. However, these addresses are usually not directly linked to a real identity, unless someone voluntarily discloses this information. Some cryptocurrencies, such as Monero (XMR) and Zcash (ZEC), are specifically designed to increase privacy and anonymity. I read on https://deeplab.com/darkweb/anonymous-sudan-launches-cyberattacks-on-middle-eastern-news-outlets-expands-target-list-with-four-additional-names that some people use this anonymity as a cyber attack.
×
×
  • Create New...