Jump to content

Learning to love the new platform


Guest techs10

Recommended Posts

Guest techs10

First of all I must confess that I'm still using the classic platform from choice.

 

I found the new one so different in many ways that I knew I would have to adjust to it over a period of time before using it for my full-time trading. This is simply because trading carries its own complex set of routines and introducing too many variations in one go will cause me trouble!

 

After spending weekend time familarising myself with it, I decided one Monday morning to start using it 'live'. This soon exposed to me the significance of the number of changes buried in the new platform and I had to revert to the classic platform before losing trading momentum.

 

Many things I like, such as the general appearance of it - clean and modern. But I found there were a number of changes which prompted me to wonder whether anyone with serious trading experience had had any imput to the development. I'm sure they must have had but I felt some processes had become more complex whether as a result of trying to combine some functions or condense them to save space or just wanting to demonstrate innovation.

 

I have, as I always do, given detailed comments to IG about what changes I would like or, in the case of tick charts, must be have if I am to use them as they are a very important part of my trading methodology.

 

Also I do think there are better ways to organise the setting and updating of alerts - there are now too many steps and I'd like the platform to remember my usual alert type rather than having to reset them each time.

 

I could go into more detail here but have already done so in my feedback to IG.

 

My key message is to recommend to IG that, after consulting widely with clients, all such changes in future be tested in a live trading situation for at least a week by a small group of established traders to iron out both the glitches and the rough edges in terms of slickness.

 

I really look forward to a more streamlined version in the near future so I can make the permanent switch to it.

Link to comment
Guest Captain

I also use the classic platform.  To be honest, I'm more leaning toward writing my own platform from scratch, based on the API, rather than relying on web-based javascript and Flash rendering.

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      21,298
    • Total Posts
      90,947
    • Total Members
      41,427
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Anne-Sophie
    Joined 08/02/23 09:56
  • Posts

    • Volatile trade, following Fed Chair Jerome Powell’s comments at the Economic Club of Washington DC, has ultimately ended in gains for major US indices the SP500, Dow Jones and Nasdaq 100. Source Bloomberg   Indices Market trend Federal Reserve Dow Jones Industrial Average Nasdaq-100 Trade    Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Wednesday 08 February 2023  While the Fed chair noted that inflation was continuing to ease, he also suggested that US lending rates are likely to rise further. While disinflation has begun in the world’s largest economy, figures remain a far cry off the central banks 2% target. Expectations are that rates are still likely to reach the 5% to 5.25% range, considered a point of neutrality. However, Mr Powell cautioned markets that the reemergence of higher inflation and strong labour reports could push rates further than markets currently expect. Markets appeared to dismiss the ‘hawkish’ comments from the Fed, and major benchmark indices have started to extend the bullish trends we have seen this year. S&P 500 (US 500)   Source IG The moving 20 (red), 50 (green)and 200 (blue) day simple moving averages (MAs) reaffirm the upward trend bias for the SP500 index. The stochastic oscillator currently labours in overbought territory. Our view is that the trend takes precedence over the overbought signal. A shallow pullback on the index looks to have ended with a bullish engulfing candle pattern / price reversal. 4195 and 4220 provide the initial upside resistance targets from the move higher, while 4325 provides a longer-term upside resistance target. Traders who are long might consider using close below the 4085 low as a tight stop loss indication for the trade. A tight stop loss consideration is in lieu of the overbought conditions in play. Traders could also consider trailing a stop loss with the red trend line on the chart. Nasdaq 100 (US 100) Source IG The technical indications on the Nasdaq 100 (US Tech 100) are like that of the SP500. The moving 20 (red), 50 (green)and 200 (blue) day simple moving averages (MAs) reaffirm the upward trend bias for the index while stochastic oscillator currently labours in overbought territory. A shallow pullback on the index looks to have ended with a bullish engulfing candle pattern / price reversal. 12900 and 13190 are the initial upside resistance targets from the move higher. Traders who are long might consider using close below the 12400 low as a tight stop loss indication for the trade. A tight stop loss consideration is in lieu of the overbought conditions in play. Traders could also consider trailing a stop loss with the red trend line on the chart. Dow Jones Industrial Index (Wall Street 30) Source IG The Dow Jones Industrial Index while also posting gains in the near term, reflects a slightly different trading environment right now to the SP500 and Nasdaq indices. The short to medium term trend for the index is considered sideways, while the longer-term trend bias is considered up. The sideways range is considered between levels 32475 (support) and 34660 (resistance). Traders of the index might prefer to keep a long bias to trades in lieu of the longer-term uptrend still in play. Long trade considerations might be on a bullish price reversal closer to range support or on a bullish upside break of range resistance.
    • FTSE 100 near record high, DAX 40 and S&P 500 also higher on Fed Chair Powell speech Outlook on FTSE 100, DAX 40 and S&P 500 post less hawkish than anticipated Jerome Powell speech. Source: Bloomberg    Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 08 February 2023  FTSE 100 trades close to new all-time highs The FTSE 100 rallied to a new all-time high overnight following Wednesday evening’s less hawkish than anticipated speech by the Federal Reserve (Fed) chair Jerome Powell, even though he explained that more rate hikes would be needed if the US labour market remains strong but also mentioned that disinflation had begun. A continued advance in the UK blue chip index could have the psychological 8,000 mark in focus, if further record highs were to be seen. Slips should find support around the 7,876 January peak and further down at Tuesday’s 7,843 low. While it underpins, immediate upside pressure should be maintained. Source: ProRealTime DAX 40 recovers on back of stronger US equity markets On Tuesday, the DAX 40 revisited its Monday low but then recovered off it amid stronger US equity markets which positively interpreted comments by Fed chair Jerome Powell, even though he mentioned that inflation may last “quite a bit of time.” Following Tuesday’s Hammer formation on the daily candlestick chart, the DAX 40 may once more be heading towards its 15,553 early February high, provided that Tuesday’s low at 15,272 underpins on a daily chart closing basis. Above it the 2023 uptrend line at 15,318 may offer support as well. Source: ProRealTime S&P 500 rallies post Fed chair Powell’s speech The S&P 500 saw some volatile trading on Tuesday, rising in anticipation of Fed chair Jerome Powell’s speech and then rapidly dropping during his speech before finally rallying as the market interpreted his comments to be less hawkish than previously anticipated. A swift rise off Tuesday’s 4,088 low took the index back above the 4,155 mid-September high while targeting last week’s six-month high at 4,195 which hasn’t been reached yet, though. If overcome, however, the late August high at 4,215 would be next in line. A bullish bias will be maintained while no bearish reversal takes the S&P 500 below Tuesday’s 4,088 low. If so, a top may be forming which could take the index back to the 55- and 200-day simple moving averages (SMAs) at 3,966 to 3,938. Source: ProRealTime
    • Intuitive Surgical Inc., Elliott Wave Technical Analysis Intuitive Surgical Inc., (ISRG:NASDAQ): Daily Chart, 8 February 23 ISRG Stock Market Analysis: Looking for further upside in wave {i} of 3, however we are still on for a double correction lower into wave {c} of 2. ISRG Elliott Wave Count: Wave (i) of {i}. ISRG Technical Indicators:200EMA as support, 20 and 50EMAs crossing. ISRG Trading Strategy: Looking for a break of wave {b} before considering longs. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!   Intuitive Surgical Inc., ISRG: 4-hour Chart, 8 February 23 Intuitive Surgical Inc., Elliott Wave Technical Analysis ISRG Stock Market Analysis: It looks like we could either have a nest into wave {i} with a (i),(ii) and then again i,ii or else we could be making a flat wave (ii).   ISRG Elliott Wave count: Wave (i) of {i}. ISRG Technical Indicators: Crossing of the 20 and 200EMA. ISRG Trading Strategy: Looking for evidence we have resumed the uptrend with a clear trend establishing move off the lows.
×
×
  • Create New...