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Forex Trade Alerts: Season 22 - Business (196) - Nairaland

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Re: Forex Trade Alerts: Season 22 by Abilistic(m): 10:56am On Apr 13, 2022
Goodoption:


What I mean is that if I place sell at 0.74330 it will get executed below 0.74310 which is current buy price or even below.

That's SPREAD, always look at the bid and ask price before placing a trade
Re: Forex Trade Alerts: Season 22 by NaMe4: 11:15am On Apr 13, 2022
Goodoption:


What I mean is that if I place sell at 0.74330 it will get executed below 0.74310 which is current buy price or even below.

It's called the 'Spread'. It is sort of a buffer zone set by the broker.
Once you enter a trade the execution would be some pips or percents deficient. Assume this difference to be the commission you pay the broker to enter the trade.
So before entering any trade, it's advisable to check the spread. Best spreads should be low spreads or even zero.
Low spreads range from 0 to 4.
Spreads can be as high as 21 with some brokers. It's important to select brokers who offer low spreads.
Usually, spreads are also low during market sessions. Outside market sessions, the spreads tend to be high.

You should also understand high spreads affect scalping negatively and even some intra-day trades. If you are swinging or investing, and have a large equity/balance you may ignore the spread.

6 Likes

Re: Forex Trade Alerts: Season 22 by Jameselias: 11:33am On Apr 13, 2022
peteregwu:
Watch out for gbpaud, a break about the kneck line could send it to about 7952
You're doing well sha you and aud continue. kiss kiss kiss
Re: Forex Trade Alerts: Season 22 by Fxwarrior: 11:33am On Apr 13, 2022
Fxwarrior:
It's official.

Buy GOLD.

I have exited this trade. By 1:30pm, I look for reentry because I expect a correction.
Re: Forex Trade Alerts: Season 22 by Feshizzy(m): 11:40am On Apr 13, 2022
Goodoption:


What I mean is that if I place sell at 0.74330 it will get executed below 0.74310 which is current buy price or even below.

How is that even a problem?

2 Likes

Re: Forex Trade Alerts: Season 22 by peteregwu(m): 12:29pm On Apr 13, 2022
Goodoption:
Hello guys please clearify this to me


When ever place an instant execution trade eg. " BUY" it will get executed above the market price .

Look at this first picture below

That's the charge your broker dey take make money....thats spread.




I thought that the market price eg


BUY market price is the blue one of which it should get executed.


I'm confused please explain to me .

1 Like

Re: Forex Trade Alerts: Season 22 by peteregwu(m): 12:30pm On Apr 13, 2022
Jameselias:
You're doing well sha you and aud continue. kiss kiss kiss

grin grin
Re: Forex Trade Alerts: Season 22 by Fxwarrior: 1:22pm On Apr 13, 2022
Gold may still fall further.
Re: Forex Trade Alerts: Season 22 by kumulus(m): 1:42pm On Apr 13, 2022
kumulus:
NAS100

Levels I'm watching for buy reactions (retracement/counter trend)


Careful with buys on this, like I said earlier it's counter-trend. Did a review of the setup and found a much desired lower level, best to wait for a LTF reaction.

Re: Forex Trade Alerts: Season 22 by peteregwu(m): 2:15pm On Apr 13, 2022
peteregwu:
My biase on Audusd (15 mins time frame)

Target achieved

1 Like 1 Share

Re: Forex Trade Alerts: Season 22 by pdozie: 2:27pm On Apr 13, 2022
[quote author=peteregwu post=111911483][/quote]

Thanks Bro!
Re: Forex Trade Alerts: Season 22 by Fxwarrior: 2:30pm On Apr 13, 2022
XauUsd expected to reach 1990
Re: Forex Trade Alerts: Season 22 by peteregwu(m): 2:53pm On Apr 13, 2022
pdozie:


Thanks Bro!

Welcome!
Re: Forex Trade Alerts: Season 22 by Goodoption(m): 3:25pm On Apr 13, 2022
[quote author=peteregwu post=111908563][/quote]

I understand the point you guy are making.

How do I calculate the spread before placing a trade.

Below is the clear picture of what I asked before.


I placed that sell limit before price even got there, but it was no filled.

Re: Forex Trade Alerts: Season 22 by Fxwarrior: 4:05pm On Apr 13, 2022
Sold gold. Let's see how it goes. Tight stoploss above day's high.
Re: Forex Trade Alerts: Season 22 by peteregwu(m): 5:03pm On Apr 13, 2022
My eagle eyes don see another thing for audcad. If it breaks below 0.9343 it would go down to 0.9172

2 Likes 1 Share

Re: Forex Trade Alerts: Season 22 by Elliotwaveforec: 5:25pm On Apr 13, 2022
peteregwu:
My eagle eyes don see another thing for audcad. If it breaks below 0.9343 it would go down to 0.9127
My measurement is 9162
Re: Forex Trade Alerts: Season 22 by Fxwarrior: 5:43pm On Apr 13, 2022
Fxwarrior:
Sold gold. Let's see how it goes. Tight stoploss above day's high.

Golden gold 1 second everywhere good. cheesy

1 Like

Re: Forex Trade Alerts: Season 22 by charly20(m): 5:43pm On Apr 13, 2022
Oil update!

So price reached the POI and gave a failed bearish setup stopping me out. However I may wait for price to go above $104 before buying upon retracement.

Cc kingpipmarshall
Cheers, chief!

Re: Forex Trade Alerts: Season 22 by peteregwu(m): 6:28pm On Apr 13, 2022
Elliotwaveforec:

My measurement is 9162

Fine.....Thanks! I actually wanted to say 9172. Thanks!
Re: Forex Trade Alerts: Season 22 by Jameselias: 6:32pm On Apr 13, 2022
Please help when I touch my indicator in tradingview it disappear from my chart
Re: Forex Trade Alerts: Season 22 by Fxwarrior: 6:51pm On Apr 13, 2022
Fxwarrior:


GbpNzd could make one a millionaire in 2 - 3 months from now with the right lotsize and a HUGE dose of patience.

So I ask again.
Who wants to be a MILLIONAIRE?

It came to pass that GbpNzd did over 400pips in just 1 day. shocked

Congratulations in advance to those who took this serious.

1 Like

Re: Forex Trade Alerts: Season 22 by Nobody: 6:58pm On Apr 13, 2022
charly20:
Oil update!

So price reached the POI and gave a failed bearish setup stopping me out. However I may wait for price to go above $104 before buying upon retracement.

Cc kingpipmarshall
Cheers, chief!

You welcome. Take that loss as just one trade. Belive that your winners are ahead.

Goodluck
Re: Forex Trade Alerts: Season 22 by Jameselias: 7:03pm On Apr 13, 2022
Jameselias:
Please help when I touch my indicator in tradingview it disappear from my chart
never mind seems it's from tradingview
Re: Forex Trade Alerts: Season 22 by VlamesIffect(f): 7:11pm On Apr 13, 2022
Fxwarrior:
Sold gold. Let's see how it goes. Tight stoploss above day's high.

Long term i see gold buy to 2074.xx....but if it sells below 188x.xx then maybe a major sell...
Re: Forex Trade Alerts: Season 22 by peteregwu(m): 7:20pm On Apr 13, 2022
peteregwu:
My eagle eyes don see another thing for audcad. If it breaks below 0.9343 it would go down to [b]0.9172[/b

]

I am on this already

Re: Forex Trade Alerts: Season 22 by Fxwarrior: 8:01pm On Apr 13, 2022
Fxwarrior:
Sold gold. Let's see how it goes. Tight stoploss above day's high.

Golden gold 1 second everywhere..... good.
Re: Forex Trade Alerts: Season 22 by peteregwu(m): 8:04pm On Apr 13, 2022
My take on eurnzd

Re: Forex Trade Alerts: Season 22 by Jameselias: 8:28pm On Apr 13, 2022
peteregwu:
My take on eurnzd
you like this now na baba
Re: Forex Trade Alerts: Season 22 by peteregwu(m): 8:46pm On Apr 13, 2022
I am watching this gbpcad. A break out of 1.6490 will target 1.6708

Re: Forex Trade Alerts: Season 22 by peteregwu(m): 8:48pm On Apr 13, 2022
Jameselias:
you like this now na baba

Bros, make we just dey chil make God help us become pros.
Re: Forex Trade Alerts: Season 22 by Jameselias: 8:58pm On Apr 13, 2022
Trading looking simple

4 Likes

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