Jump to content

Trading Ranges Before London Open


Recommended Posts

Morning, here are volatility adjusted trading ranges for today

ISF  Last $678.3.  ( 690.2-------661.3)     

MIDD Last.   2103.  ( 2127-------2028)

Vixx last 16.9   ( 18.1-----16.8)

 

God Bless

CA

Link to post
Posted (edited)

Oil Risk Range 14/04/2021

 

Risk range for Crude Bullish 

Last Price (60.96)

Top Range 65.96  Low Range 58.50

Oil Volatility (OVX) last 35.26 Bearish Top Range 42.72 Low range 35.51. 

This is an interesting one because the oil price is near the low end of the range and it's volatility is at the low end of the range. 

One of two possible scenarios ;

A) Oil vol keeps getting compressed and it blows past the low end of the range and oil goes a lot higher. Or

B) Oil vol bounces off the low end and oil corrects a little more.  I am not sure .

Still have a positive bias on the inflation story but net volume in percentage also looks like it is dropping a little bit . I have no positions in Oil FYI.  My take on it ; air on the side of caution. Maybe a small starter position ( 0.12-0.25%)  is appropriate as a starter position 

  For me to be a ragging bull,  I need Oil Vol to be at the top end of the trading range. 

Edited by Courage
Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      15,142
    • Total Posts
      73,173
    • Total Members
      61,488
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Sanjjay82
    Joined 08/05/21 07:12
  • Posts

    • Yes. IG does trade against retail traders. IG also has a lot of institutional traders. If your are trading low volume stock or Singapore CFD equities, the dealing desk will manually lock your order for a good 30 seconds so that you cannot delete nor change the order price level for the 30 seconds when they there is another bigger clients want to unload.  I have been locked this way as many ast 4 times in the past and cost over SG$10,000 loss. When I called IG, it said the dealing desk manually lock my orders with an excuse they are putting my order on hold so that they hedge it on the Exchange. In the first place I trade CFD and CFD is internal market within IG environment and our trade does not affect the market. It is highly irresponsible to lock our order. My complaints to IG for compensation via calls and emails all went without any positive response and the replies from them are as stated above. CFD market is internal market and our order should not be touched by dealing desk at all time even if there is no liquidity to fill our order then our order should just be left unfilled. At no time our order should never be locked by Dealing desk. To me this is day light robbery. Secondly, IG has deployed internal algorithm to hunt your hard stop losses and also filled in your limit order with a spike to the dot before immediately move in the opposite direction big time. Thirdly, some time IG platform will freeze and unable to re-login back when you are in a trade. This made it extremely dangerous when we cannot see the price action on the chart. This had happened to me a few times. Fourthly, nowadays even if your platform freeze or has other problem on your trade, call to their dealing desk during US market opens 100% of the time no support or dealing desk will pick your calls. My phone was kept ringing for 30mins or more and many different days. This is again does not speak well of the kind of support IG gave clients. The only attraction I use IG is the ease of use of their trading platform. These kind of  underhand tactics above are played out in IG on daily basis which made our day trading very difficult to win. It is very visible if your trade the small time frame how IG's manipulations are done.     The above comes from someone who trade daily with IG for the past 3 years. I am even considering to stop trading through IG because of the above under hand tactics. Sometimes     
    • Does IG aim to profit from client losses? No. Our business model is based on providing individuals with the opportunity to trade the world’s financial markets, in exchange for fair and proportionate transaction fees. It's a well-known fact that trading successfully is difficult, and most speculative traders tend to lose. However, we do not typically benefit from trading losses that an unsuccessful client may experience. Mostly, our clients offset each other’s positions. For example if client A buys one lot of the DAX and client B sells one lot of the DAX, both sides of the trade are covered. This means we're not exposed to the profit or loss of either client. Instead, we make our money via the spread (i.e. the transaction fee) that each client pays to trade. Sometimes, a large majority of clients will trade in one direction. When this happens, we'll protect our exposure to risk by hedging in the underlying market. For example, if client A and client B both buy the DAX, we may buy actual DAX futures. This then covers the amount we'll pay out if both clients are successful.
×
×
  • Create New...