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Our picks
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Post in Indices
Caseynotes posted a post in a topic,
"UK retail sales at 9:30 and US durable goods at 1:30. Strong bear day yesterday though only Nikkei tested key support levels." Stay up to date on how the indices are moving and have your say.
Picked By
JamesIG, -
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Post in Successful strategy?
JamesIG posted a post in a topic,
Analysis of 43 million trades by DailyFX showed that 61% of trades are actually profitable (when looking at EURUSD specifically). Read more about that and check out their Podcast here. Have any questions? Ask away.
Picked By
JamesIG, -
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Brent Crude rally ends, time for the big Bear!
Mercury posted a topic in Commodities,
"Looks to me like my question as to whether the the 25 April turn was a rally end or a simple retrace may have been answered as Brent price dropped hard through the supporting lower channel line. I would like to see the recent lows broken to confirm but odds are that this market is now heading down. Could this mean that Stocks have also topped out?"-
- 6 replies
Picked By
JamesIG, -
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Post in Dax & Dow
Bell posted a post in a topic,
What are your long term opinions on market movements? "As for the Dow above 26k lets rock and roll long. Below 25k time to get more aggressively short in my eyes."
Picked By
JamesIG, -
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Post in US 500 - Potential Shorting Opportunity
dmedin posted a post in a topic,
What's your trigger for opening a trade? Discuss with others on the Community, specifically about the US500: "I think there's a potential possibility of shorting S&P 500 brewing. I want to wait to see if the 20 MA does drop beneath the 50 MA."
Picked By
JamesIG, -
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Member Statistics
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Posts
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@ mindthegap Did not agree with much of the linked you tube video. Thought he was full of it to be honest. BS with a sprinkling of useful truth. He may have been to Asia but completely failed to understand them. Foxconn make Apple devices in China because there is no way Apple could make them as well, as quick or as cheaply in the US or even Mexico. For example. So either prices go up or Apples margins go right down. Plus everyone is paying more for anything made in china, including simple items like shoes. Not inflationary at all. Ever considered China may do to Apple what Trump has done to Huawei. Trump is a bull in China's shop. And we will all have to pick up the tab. -
Interesting postulation. The big bear? Not quite so convinced. For mostly obvious political reasons to do with supply and demand. Brent to $28? Not anytime soon. WTI crude an unlikely maybe, but Brent ? I am wholly unconvinced. The markets are not over supplied. Demand is as strong as ever. Not to mention sanctions on Iran and Venezuela. Saudi will not continue to sell oil on the cheap, even if Trump tells them to, though the Russians will with their current batch of chlorinated crude. A $28 Brent implies a Dow @18000 or less or vast reserves newly discovered. A market adjustment where the Dow rocks down to 20K late 2020 is a solid maybe, but oil? Graphics tell a story, but the giant big bear has not convinced me. Personally, I can see oil increasing through political tension and the strong possibility of actual conflict. The strait of Hormuz controls 30% of global supplies. Support at the $68 mark is considerable.
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By TrendFollower · Posted
@johnt4917, @nit2wynit, @dmedin, Different traders can have different strategies and still all be successful depending on how one defines success. A lot of traders define success as having more winning trades than losing trades. My strategy incurs at times more losing trades than winning trades. However, the key measurement of how I personally define success is to ensure that the profit from my winning trades is greater than the losses on my losing trades. A consistently profitable trader could be deemed as having a successful trading strategy if this is demonstrated over many years. Some traders who consistently make higher profits than others over many years could be deemed as having a more successful trading strategy. So if for example I trade 10 times and 7 are losing trades and 3 are winning trades then that is a 70% failure rate and 30% success rate. Now some may deem this as an unsuccessful trading strategy. Now what if the profits on my 30% of winning trades were far greater than the losses on the 70% of my losing trades. If this was achieved consistently over many years then it changes the dynamic of how one thinks about a successful trading strategy. Your personality, mind set and psychological approach to trading has a big influence on the type of trading strategy one ends up being more comfortable with and adopting. It is about finding the right trading strategy that suits you (we are all different) and then really fine tuning it to ensure it meets your trading goals and objectives. Once this is understood then one will quickly realise that there is no professional or amateur on IG Community but just traders. Some will be more experienced that others. Some will apply far more complex trading methods and conduct far more technical and challenging analysis. However, this does not mean they are more profitable or are making greater profits than those who are not. -
By Caseynotes · Posted
Julia Hartley-Brewer @JuliaHB1 Of course there is still every possibility that Theresa May will come outside to the No10 podium and announce her newest & boldest plan for a Brexit deal. She really is *that* mad.
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