nit2wynit

This is literally the last i will say on it. You scoffed and lol'd once again about my being wrong about my Limit being the Buy price. You clearly confused yourself about which chart and what point was being made. You create another short story about how silly I am and how you pointed out the Academy 2 months ago etc. You think I don't have access to the internet Casey? You realise there are thousands of pages to Link to for info on What is Spread betting etc. The market, Lessons, charts Instruments. Everything you know, you acquired over time. You're arrogant, Sarcastic, and offer rhetoric that can be easily found by typing it into Google. You may have a lot of knowledge on the subject, but a teacher you are not. Who fails first? The Teacher or the Student? What is it you think you worked out??????????????? I asked what the Gray area was. You said you didn't know. I've figured it out and told you. You've gone on and on about Mid Ask and Bid prices. I never asked you! I told you I knew and you lol'd, and referenced a mute point that was never asked! 17 hours or more later, still going on about Mid and Bid....I know what they are. I know the spread. I now I know what the Gray area is. I've seen this approach from you with other people. It's bad taste. If you really want to help, use 1k find a trade, and Live stream your success of it. I told you my Limit was the Buy price. you said i was wrong. You were wrong. Have a great Day.

Wrong, and you seem to offer no humility at all. I grow tired and weary. Thanks. I'll work the rest out on my own.

This is what we've been going back and forth about @Caseynotes Then I replied this: to which you replied this: Do you see the problem here? The Limit Line IS my Buy In. But I can see how you may have taken this too literally, that even if i set my Limit to 500, you must have thought i was saying 500 would be my Buy in. I hope this is clear now. Thanks

That's what I said. My Limit is my Buy in

Confirmed. The Gray Area, happens in this instance: If I place a trade. Then go to place another trade, one or the other is shadowed under or over the previous trade. Pretty sure that's it.

Casey it was not set to Ask!!! I know you know your stuff, but you're mistaken. See below. The highlighted number is the Mid price showing. The Red Limit Line below it is the Sell Price. this is where i would place the trade. as i have not altered the Limit, the Limit Line is the Sell Price i would go in at. The Buy Price being 1244.8, 4 points above the Mid price! 8pt spread.

lol. Sorry. my Bad!!! The Stop, not the Spread :O

Right, hopefully I've figured out the Gray area. It's the chart moving after the trade has been placed............... i think.

@Caseynotes the chart above was about the gray area, not the Mid Bid Ask position. I know what the Mid Bid and Ask price are. I said earlier that the Limit Line was my Buy In price. You said i was utterly completely wrong! I am not.! If I have no Limit amount set, the Limit Line is my Buy price, going Long or Short. The chart above is not set to Ask, it is set to Mid. It's simply on Sell. That's why there is no price showing. The white box is the Mid price This is what changing from Mid Bid Ask price does. It highlights those prices. The Limit line below the Mid price of is the Sell price buy point. I only use the Mid price as it indicates clearly the amount of spread. Remember Shares don't show Spread count. It must be calculated.

@dmedin @Caseynotes It's possible the Minimum Stop changed as i was observing the chart. On the example below, the same Gray area is present. It's there to tell me that the minimum Stop is 20pts while I have it to 10. Do you agree?

Sorry, Edit above. it appears to be 18pts. The Entire Spread.

@Caseynotes I refer you yourself back to the chart you edited. The Limit IS my BUY in of 3300. The Mid Price is as you've stated, i know this, and if I was Shorting the Limit line would be my Buy price at 3282. I'm not completely certain of what you're actually pointing out. I just want to know what the Gray area is. So far Dmedin has come up with the simplest answer. It appears to be 9 points-half the spread! If there's another explanation i'd love to hear it. Thanks

@Caseynotes oh and btw, I've not gone from 2k to 900. I had £1945. I went down to £1437 and pulled out £400 to buy a bike. On Friday last week I was down to £986, and took it back up to £1028. Then went back down to £953. I now have £953. Previously in March I had £1400 and lost £400 over 3 weeks. I pulled out 1k to Buy Pinterest.

Wooooaaahhh. Lost in Translation. I didn't Insult you. You recently got 'Confused' with me and the Dow or Dax......It was simply a nod to that. I'm a grown man. I'm not defensive, argumentative, sarcastic or a liar. But i'm afraid, You are Completely Wrong here. (I think!) The Limit Line IS my Buy in.! It will change to either of the Buy or Sell price. As I have it in the Mid position, it's simply changes either side of the Mid Price. Therefore the Limit, if i don't set one, is the Buy Price. Sorry bud, but as usual you've gone off on one and actually insulted me. You are a character.

@Caseynotes I know you get confused as you post so much you lose track of whom you're talking with but yeah.....Basics Thanks though

You're kidding...Right?? I've been trading since Feb lol I know what they mean lol

BTW. Pivot Points are a great Help

regardless of what it is set to, I know what those numbers represent. The Limit line is my Buy price. I'm pretty sure the Gray area, as maybe confirmed also by Dmedin, is what's left of the Spread. this explains why so many times in the past I've been prematurely Stopped Out. I didn't allow enough room at the bottom for the Spread. It's disappointing that this Area disappears when the trade is Live. @Caseynotes I'm sure Time is very important, but with regards to Latency....How much time are we actually talking about.?

Ahhh, it must be the Spread?? So it's a guide to minimum Stop level, but add the spread also, if you wish.?

Can anyone enlighten me as to what this grey area is? I'm educating myself today, but lack the vocab to search for an answer online. I've not placed a trade. Minimum Stop is 34pts. But then I see an extended grey below it.

Any advice on this moving forward? 4H

To add, disappointingly ,If I gone in with british Tobacco this morning, I'd be £170 up :O Shoulda Woulda Coulda

I've no idea what those numbers mean. I was supposed to spend the weekend researching and learning but it didn't happen. My concern is this is your thread and you claim it's all a con lol. You clearly have more knowledge than me so what's going wrong then? I'm still struggling to accept why I have 80% success on the Demo regardless of Fear, i still made profits regularly. Maybe I've just spent too much time on Gold and the FTSE and it's not been moving much over the day. Something else to analyse I guess.

I think i have a problem with how I see the charts patterns then. Maybe i have them too bunched up, too stretched out. I see clear up and down patterns everywhere i look. I'm obviously fooling myself that this relates to good point moves when really it's maybe just a skewed chart. Listen guys. I know you've all posted.....but i am ready to learn now. @Caseynotes to the chart above that is my Ascending wedge. the diagonal yellow line from the lowest point to the spike. Yes it failed a 2nd breakout. Lesson learned once again. It's the very first time I actually waited till it broke the previous high after the spike. but it failed to climb. Went out for the afternoon and bought a bike. I need a reboot. Prologue, not page 1. You've mentioned Academy. Is this the best place to start from scratch?

Here it is again. What is wrong with this setup exactly?