Jump to content

What to do next?


Recommended Posts

Ok...Guess you have seen the below...This relates to the dax...but dont forget  76% of retail investor accounts lose money when trading

  •  
    29% of IG client accounts with open positions in this market expect the price to rise
  •  
    71% of IG client accounts with open positions in this market expect the price to fall
  • 501 + IG client accounts have open positions in this market
Link to comment
8 hours ago, dan-is-dead said:

Ok...Guess you have seen the below...This relates to the dax...but dont forget  76% of retail investor accounts lose money when trading

  •  
    29% of IG client accounts with open positions in this market expect the price to rise
  •  
    71% of IG client accounts with open positions in this market expect the price to fall
  • 501 + IG client accounts have open positions in this market

yes, the majority are always looking for major reversals and usually get it wrong while the rest just look for minor reversals as in buying the pullback (dip) to catch the trend.

  • Like 1
  • Thought provoking 1
Link to comment
9 hours ago, dan-is-dead said:

Ok...Guess you have seen the below...This relates to the dax...but dont forget  76% of retail investor accounts lose money when trading

  •  
    29% of IG client accounts with open positions in this market expect the price to rise
  •  
    71% of IG client accounts with open positions in this market expect the price to fall
  • 501 + IG client accounts have open positions in this market

 

Sometimes the punters are right, so don't rely on this thing-a-ma-jiggit exclusively 🤔

Edited by dmedin
Link to comment

Hi - I would take the Sentiment readings with a pinch of salt - it would be better if a quick survey was taken when placing positions as 95% of those trades/position could be trading short-term intraday directional trades

If one of my methods shows up on a chart I trade it, regardless of sentiment readings 

  • Like 1
Link to comment
44 minutes ago, THT said:

Hi - I would take the Sentiment readings with a pinch of salt - it would be better if a quick survey was taken when placing positions as 95% of those trades/position could be trading short-term intraday directional trades

If one of my methods shows up on a chart I trade it, regardless of sentiment readings 

Totally agree.  Provision of sentiment data is purely a marketing tool.  Brokers make money through activity, so anything which encourages placing of bets / trades is good from their perspective. 

  • Like 1
Link to comment

Dailyfx that provides the sentiment indicator with the IG client positioning has always promoted it as a contrarian indicator and have done a lot of research and data collection over the years to back up that view.  They did have it all published on their web site and presume it's still there if anyone wants to look.  

  • Like 1
Link to comment
2 minutes ago, Caseynotes said:

Dailyfx that provides the sentiment indicator with the IG client positioning has always promoted it as a contrarian indicator and have done a lot of research and data collection over the years to back up that view.  They did have it all published on their web site and presume it's still there if anyone wants to look.  

Their bullish/bearish recommendations are all over the place though.  They were advocating going short EUR/USD just two or three days ago despite most clients being short, and now look at what's happened to it.

  • Like 1
Link to comment
1 minute ago, dmedin said:

Their bullish/bearish recommendations are all over the place though.  They were advocating going short EUR/USD just two or three days ago despite most clients being short, and now look at what's happened to it.

yes they did try to develop it into something more than just a 'do the opposite' indicator and that's what a lot of the data research over the years went into but I never looked at the detail myself and not sure how that part is supposed to work.

Link to comment
On 26/05/2020 at 06:43, Caseynotes said:

yes, the majority are always looking for major reversals and usually get it wrong while the rest just look for minor reversals as in buying the pullback (dip) to catch the trend.

Too right Caseynotes....

Trends are your friend......stick long when you wrote this and you would be up!

Bet you would still be long and up end of this week?

Dan 

 

  • Like 1
Link to comment
8 hours ago, dan-is-dead said:

Too right Caseynotes....

Trends are your friend......stick long when you wrote this and you would be up!

Bet you would still be long and up end of this week?

Dan 

 

I tend to stick to short term trades so if the daily candle is green and price is above the daily pivot I would be looking for longs, if the opposite would look for shorts.

Link to comment
  • 2 years later...

Hi All,

We’re always looking for ways to improve your experience on our platform. That’s why we’re considering new ways to enhance your journey before you place a trade.

As such, we’ve designed a brief poll to understand which market and pre-trade analysis you find useful – as well as any additional features or improvements you’d like to see on our platform.

Your input will help us determine the type of tools you’d like added to the market details section of our client sentiment indicator.

Your opinions directly affect the improvements we make to our platform, so head over to the poll to cast your vote now.

The poll closes on Friday 29 July 2022, so be sure to submit your vote before then.

 

 

 

 

All the best - MongiIG

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
      23,624
    • Total Posts
      97,008
    • Total Members
      44,187
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    DVB
    Joined 05/12/23 10:04
  • Posts

    • Interesting, seems like a good avenue to increase my equity so how can i participate in the campaign?
    • Dive into DAX's record-breaking run, fuelled by Eurozone inflation easing. Explore market dynamics, technical analysis, and potential risks.   Source: Bloomberg   Indices Inflation DAX Eurozone Technical analysis Interest  Tony Sycamore | Market Analyst, Australia | Publication date: Tuesday 05 December 2023 05:46 Last week marked a historic fifth consecutive gain for the DAX, echoing patterns not seen since October 2022. The DAX’s gains last week were supported by a Eurozone inflation report, which showed inflation eased to 2.4% in November, its lowest level since July 2021. Core inflation fell to 3.6% in November from 4.2% in October. With disinflation in Europe playing out much like in the US, it's no surprise that the European interest rate curve is pricing in five 25bp ECB rate cuts by the end of 2024. The UK rates market isn’t quite as excited about BoE rate cuts. Although headline inflation has fallen from 10.7% to 4.6% last month, core inflation at 5.7% is still too high. This explains why the UK rates market is pricing in just two and a half BoE rate cuts in 2024. The contrasting inflation and interest rate outlook between the Eurozone and the UK helps to explain why the DAX gained 9.41% in November while the FTSE gained only 1.8% during the same time. FTSE daily chart   DAX technical analysis Like its US counterpart, the S&P 500, the DAX has gotten very close, but thus far, failed to break above its year-to-date highs. As viewed on the RSI, the DAX is at extremely overbought levels, and while we remain bullish into year-end, we would not contemplate opening fresh longs at these levels. Instead, we would prefer to use dips back towards support at 16,100/16,000, looking for the DAX to retest and break above the 16,615 July high in the weeks ahead. Aware that a sustained break below the support of the 200-day moving average at 15782 would warn that the rally has run its course and that a deeper pullback is underway. DAX daily chart   Source: TradingView Source Tradingview. The figures stated are as of 5 December 2023. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.     This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
    • Stocks continue to trim the gains made in November. Following a lower session on Wall Street, Asian indices came under pressure. The Nikkei hit a three-week low, while the Hang Seng index touched a fresh one-year low as funds continued to flow out of Chinese indices. The RBA left rates unchanged, and the dovish tone of the statement caught some by surprise. It said that future rate changes would depend on data. In China the Caixin services PMI hit a three-month high of 51.5, but this did little to boost sentiment towards Chinese stocks. European and US markets are expected to open lower, ahead of the US ISM services PMI, and as the focus turns to the monthly US job reports this week.  
×
×
  • Create New...
us