TraderGT1

Edit: Not an evening star.

IG and PepperStone attached.

Hi Guys, I've been looking for the best fit around the IG Germany 40 and a symbol on TradingView. So far Pepperstone's GER40 looks like the closest. Normally, I'd be happy to "make do" but today I've noticed a discrepancy which affected an entry with my strategy. On the daily IG chart 28 March we see an evening star pin bar, red in colour with a close above the 50EMA. On most other symbols on TradingView the same candle is bullish, with some sell pressure (longer upper wick) and close below the 50EMA. The Pepperstone symbol is bullish with a close above the 50EMA. DAX traders, how do you trade around issues like this? Probably base entries on IG alone, right?

Thanks for your help, guys.

Thank you Mongil, I've opened a position to confirm that a trailing stop can be added to an open position and it appears it cannot. The help/ support page for adding.. to an open position doesn't state how to achieve it actually. In the deal tab I would be creating a new deal, not editing the active deal. This is indicated by the "Place Deal" button seen in the image.

Hi Andal, It's not possible to move the stop loss beyond your entry using that method. In your example, you entered at 193.61, current price is 199.85. What I want to do is move my stop to 197.61, thus locking in 4.00 profit.

Thank you for your replies. In my example, the deal or order would already be executed. The momentum is a lot better than expected so my TP would be extended further and my SL would be brought up to the next structural level which would lock in profits above my initial entry.

Hi community, Is there a method to lock in profits, e.g. moving your stop loss above your entry to secure some pips in your profitable position? From my experience it is not possible to adjust the SL above the minimum set by the (web) platform. Thanks in advance.

Hi Casey, Thank you. Come to think of it the phone trade only icon kept flashing up. I didn't notice this at the time of execution. I've never seen this happen before so I thought it was some kind of graphical bug. What you said makes sense and I will follow your advice on not entering when it's flapping around like a winged bat. Thanks again. EDIT: Right now there's a steady 80 pip spread. It's still a lot and has got me looking for a new broker for comparison.

Hi guys, I thought I would share another experience on my trading journey and it's one that appeared from nowhere like a Tyson uppercut. I'm hoping you can share your experiences so other may benefit. = ENTRY = I identified a solid entry for a short trade on GBPNOK. Even with my broker spread of 80 pips it was still worth the entry. My execution chart was the H1 so SL was placed on the safe side of the 200EMA on a bearish correction from earlier volatility. TP was placed just less that half way into previous price's supply and demand zone. (See bottom pic). While I was filling in my trading record I heard the broker ping indicating the trade had closed. I checked and indeed it had. The chart did not display a hit on the SL so I rang the broker. During this time I noticed the spread was erratic and fluctuating from 80 to more than 200. = BROKER COMMENT = The broker informed me that because it was a sell trade the relevant price to view was the ASK price and not the default MID price. (See top left pic). I switched price views and I saw significant bullish spike on the M15 chart which had exceeded my SL. (See top right pic). And then this morning the TP was hit. = DISCUSSION POINTS = Has anybody experienced this before? Do you switch candle views before you trade long and short? How can we prepare for this on our entries? What is your broker spread on GBPNOK? Thank you for reading and sharing your experiences if you do.

Ah yes. Thank you!

Thank you for your response. On the H1 candle the lowest price when set to bid is 150.835. I was expecting to also see 150.900. How come the close of candles at the same time do not have the same price?

Three different charts, three different lows. GBP/JPY 18 Aug 2021. UAE time zone. I based my entry on the H4. My SL was set at 150.910. Lowest price on H4 shows 150.885. Lowest price on H1 shows 150.916. So on one chart I should still be in and on another I'm stopped out. What's all that about?