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
      22,109
    • Total Posts
      92,976
    • Total Members
      42,497
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    vigilantrelic
    Joined 04/06/23 19:52
  • Posts

    • The inclusion of trading volume as a standard indicator in charting software for the past three decades is not without reason—it offers a vital advantage. Volume analysis grants traders valuable insights into the actions of market participants at different price levels. By focusing on volume, traders can react more effectively to price movements rather than attempting to predict the future direction of prices, as is often the case with many other technical indicators. 📍Key points about volume Here are the key points regarding the volume indicator commonly plotted on the X-axis in trading: 🔹Volume Indicator: The volume indicator calculates the total number of shares or contracts traded during a specified time period. It is usually displayed as a histogram or line chart, with time represented on the X-axis. 🔹Liquidity: Volume is a critical metric as it provides insights into the liquidity of a security. Higher volume generally indicates greater market participation and liquidity, making it easier to buy or sell the asset without significantly impacting its price. 🔹Confirmation: Volume can validate the authenticity of price movements. In an uptrend, increasing volume supports the bullish move, indicating strength and conviction among buyers. Conversely, declining volume during an uptrend may signal weakness or lack of interest. The same principles apply to downtrends. 🔹Breakouts and Reversals: Volume analysis is often employed to identify breakouts and potential trend reversals. A significant increase in volume during a breakout suggests a higher probability of a sustained move, while decreasing volume near a support or resistance level might indicate a potential reversal. 🔹Divergence: Volume can unveil discrepancies between price and market sentiment. For instance, if prices are rising while volume is decreasing, it could suggest that the rally is losing momentum and a reversal may be imminent. Similarly, increasing volume during a price decline might indicate selling pressure and the potential for further downside. 🔹Confirmation of Patterns: Volume can serve to confirm or invalidate chart patterns such as triangles, head and shoulders, or double tops/bottoms. Higher volume during pattern formations enhances their reliability, while low volume can cast doubt on the significance of the pattern. 🔹Watch for High Volume: Unusual spikes in volume can indicate significant market events, such as earnings releases, news announcements, or institutional buying/selling. Abnormal volume levels can lead to increased volatility and potentially present trading opportunities. 🔹Relative Volume: Comparing current volume to historical average volume helps assess the significance of current trading activity. Higher volume relative to the average may imply increased interest, while lower volume might suggest a lack of conviction or reduced market participation.
    • I don't know but it looks like a really awesome service Because I have come across all sorts of mixers in my work  
    • Charting the Markets: 2 June Indices rally as US agrees debt ceiling bill. EUR/USD, GBP/USD rally while EUR/GBP stabilises as US debt ceiling bill is passed. And WTI recoups recent losses while gold, silver on track for first weekly advance. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Friday 02 June 2023               This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
×
×
  • Create New...