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Cable Update (GBPUSD)

  • #811,961
  • Feb 27, 2024 1:32am Feb 27, 2024 1:32am
time to see if bears are really given up
chaos is just unknown order
  • #811,962
  • Feb 27, 2024 1:39am Feb 27, 2024 1:39am
Quoting Luxyus
time to see if bears are really given up
Time to see if bulls have given up hahaha... it's bulls that are trying now for the 4th day to break and close above the resistance, but failed 3 times already and this could be 4th.
  • #811,963
  • Feb 27, 2024 1:42am Feb 27, 2024 1:42am
Quoting BeeTogether
{quote} in UK spread betting is classified as gambling thus tax free https://www.cityindex.com/en-uk/news...%20to%20change.
If you are thinking of relocating for income tax purposes, consider a country that has a territorial tax system:
https://nomadcapitalist.com/expat/co...al-tax-system/
  • #811,964
  • Feb 27, 2024 1:44am Feb 27, 2024 1:44am
Quoting Whale
{quote} I wonder, in General. how do you guys pays taxes on your profits . I trade only on domestic regulated brokers that charge me the taxes on the first day of following month (25%) {image}
I trick the government by withdrawing the money via crypto. Tax free. I am fine until they think i am laundering money
You have to have an IQ higher than 90 to interact with this user.
  • #811,965
  • Feb 27, 2024 1:44am Feb 27, 2024 1:44am
Time for a proper coffee... this thing ain't going anywhere, anyway... until some US data.
  • #811,966
  • Feb 27, 2024 1:48am Feb 27, 2024 1:48am
Quoting Whatevs
{quote} Time to see if bulls have given up hahaha... it's bulls that are trying now for the 4th day to break and close above the resistance, but failed 3 times already and this could be 4th.
yep
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chaos is just unknown order
  • #811,967
  • Feb 27, 2024 1:52am Feb 27, 2024 1:52am
G/M, a mildly (< 30day adr) Dly bullish candle y/day - 5th bullish-bodied consecutively on that t/f. So far today, an early London session 1st b/o upside of the Asian hi, into 4hr part of the prev sw hi zone that extends up to 2710, Asian lo is presently the current dly lo.

1hr below
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Trader with an Edge.
  • #811,968
  • Feb 27, 2024 1:54am Feb 27, 2024 1:54am
Quoting M.Fadly
Remember! Don't buy at resisten Just Buy at support Area... So , you need to wait for entry
so you think it will go down to s1 sir?
dont teach me how to buy. im sellers!!
  • #811,969
  • Feb 27, 2024 1:56am Feb 27, 2024 1:56am
Quoting Nordling
{quote} I trick the government by withdrawing the money via crypto. Tax free. I am fine until they think i am laundering money
i have some friends that using funded account and doing the same trick.
  • #811,970
  • Feb 27, 2024 1:57am Feb 27, 2024 1:57am
Quoting Whatevs
{quote} Time to see if bulls have given up hahaha... it's bulls that are trying now for the 4th day to break and close above the resistance, but failed 3 times already and this could be 4th.
Triple tops rarely hold.
  • #811,971
  • Feb 27, 2024 1:58am Feb 27, 2024 1:58am
Quoting Whale
{quote} I wonder, in General. how do you guys pays taxes on your profits . I trade only on domestic regulated brokers that charge me the taxes on the first day of following month (25%) {image}
The taxes here if traded like day trader, like I am, I pay @ 30 to 35 % like regular employee.
However, If I incorporate here, which I am planning, will be @ 15 %.

If I do that, I need to pay HST though.
Intraday only.
  • #811,972
  • Feb 27, 2024 1:58am Feb 27, 2024 1:58am
Quoting Nordling
{quote} I trick the government by withdrawing the money via crypto. Tax free. I am fine until they think i am laundering money
That's the way to go until they start monitoring those too. It's crazy that they want their hands on every single penny you make.
  • #811,973
  • Feb 27, 2024 1:59am Feb 27, 2024 1:59am
take short 2693 sl 2703 low risk, worth to try
dont teach me how to buy. im sellers!!
  • #811,974
  • Feb 27, 2024 2:01am Feb 27, 2024 2:01am
Quoting MrFanciful
{quote} Triple tops rarely hold.
It will easily rip through that resistance without looking back when it mauls all short term bears then and only then will it back down.
  • #811,975
  • Feb 27, 2024 2:04am Feb 27, 2024 2:04am
Quoting navk
{quote} The taxes here if traded like day trader, like I am, I pay @ 30 to 35 % like regular emploee. However, If I incorporate here, which I am planning, will be @ 15 %. If I do that, I need to pay HST though.
30-35% suggests less than $150k per year in income. Canada's top federal and provincial tax rates go up from there!

You need a better accountant if you are being advised to incorporate to avoid taxation on trading income!
  • #811,976
  • Feb 27, 2024 2:05am Feb 27, 2024 2:05am
...it's that pesky prev sw hi zone 1st to 2700, this coexistent with the one to 2710, = prev res = pot res that is causing the problem for the bulls. Steepest desc 4hr t/line runs thru it too.

4hr below (with 10/20/40 ema crosses graphic below chart.)
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Trader with an Edge.
  • #811,977
  • Feb 27, 2024 2:08am Feb 27, 2024 2:08am
Quoting dantpm
{quote} 30-35% suggests less than $150k per year in income. Canada's top federal and provincial tax rates go up from there!
This year, I am planning to Incorporate
Intraday only.
  • #811,978
  • Feb 27, 2024 2:10am Feb 27, 2024 2:10am
Quoting Headland
...it's that pesky prev sw hi zone 1st to 2700, this coexistent with the one to 2710, = prev res = pot res that is causing the problem for the bulls. Steepest desc 4hr t/line runs thru it too. 4hr below(with 10/20/40 ema crosses graphic below chart.) {image} {image}
Give us some time. We'll cut through it like butter, hopefully. Another major ordeal for bulls is that 2690 is monthly pivot. Blowing past this figure and closing the month above it changes the dynamics for next month.
  • #811,979
  • Feb 27, 2024 2:14am Feb 27, 2024 2:14am
Done 6.3 %.

No shorting for me yet.

Will trade after US news event.
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Intraday only.
  • #811,980
  • Feb 27, 2024 2:14am Feb 27, 2024 2:14am
Quoting navk
{quote} This year, I am planning to Incorporate

I suggest that you need to talk to a good accountant. I doubt that they will recommend incorporation! There is extra work involved and probably not a lot of savings. Since your 'corporate income' is coming from offshore, you probably wouldn't qualify for the local income tax breaks, which max out fairly quickly!
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