Jump to content

Trade ideas for today 22nd Oct

Recommended Posts

43 minutes ago, nokuthulan313 said:

Hi Everybody

Iam new here, and a new trader, hopely i will last, please welcome me.

Is anyone has tip for today trade

you are welcome @nokuthulan313, as for trades I am currently watching the Dow battle over the pivot as is Dax. Dax wants to go higher but is held back by Dow, if Dow bulls can secure the pivot point (PP) Dax will try for 12794.

image.thumb.png.c52aac5e9ec4fa265e524760b8ce13ee.png

  • Great! 1

Share this post


Link to post
51 minutes ago, nokuthulan313 said:

Hi Everybody

Iam new here, and a new trader, hopely i will last, please welcome me.

Is anyone has tip for today trade

Hey @nokuthulan313 - welcome to IG Community! Have you seen the News and Analysis section on the dealing platform? It may be of interest - we have a few trade ideas from IG analysts as well as Reuters news. Have a good day :)

image.png

Share this post


Link to post
Guest OJ.
4 hours ago, nokuthulan313 said:

Hi Everybody

Iam new here, and a new trader, hopely i will last, please welcome me.

Is anyone has tip for today trade

Welcome and good luck with your trading. 

Share this post


Link to post

In addition to the above, IC do a free email service called 'Daily outlook' by the IC Trader where you get a 'trade idea' along with a bit of bumf and a chart.  They do spam you with other **** too though.

Yes, good luck trading - you are going to need it.

Share this post


Link to post
9 hours ago, nokuthulan313 said:

Hi Everybody

Iam new here, and a new trader, hopely i will last, please welcome me.

Is anyone has tip for today trade

Hello, I wish you well. What do you think your trading style is ?   What assets are you interested in ?

  • Like 1

Share this post


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
You are posting as a guest. If you have an account, please sign in.
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.


  • Member Statistics

    • Total Topics
      7,868
    • Total Posts
      41,598
    • Total Members
      51,893
    Newest Member
    dfdfdf
    Joined 12/12/19 10:21
  • Posts

    • Hey @dmedin, our analysts did a piece on this yesterday you might be interested in.  https://www.ig.com/uk/news-and-trade-ideas/what-will-happen-to-the-premier-oil-share-price-after-the-electi-191210
    • They are expecting a good Christmas and will be opening a new robotic 🤖 warehouse in 2021.  So it looks good for a wee long.  🐮
    • When looking at these markets and the trading behaviour of the average retail trader it seems to me that many don't really understand the market they are trading, there are also psychological factors that influence decision making to the detriment of trading success. If you are not confident in your understanding of the market then you are solely dependent on technical analysis but TA is not a given, it can only play out if assisted by fundamental and macro factors, those factors currently point to bull continuation. So the US major indices are routinely hitting new all time highs, the retail trader thinks they need to sell the high in order to buy back lower (buy low sell high right) so the retail trader (the crowd) are constantly trying to pick the tops (and patting themselves on the back thinking they are being contrarian). The positioning data of IG clients tell us this is exactly what's happening. Every time price goes higher the sell position ratio increases, when price is falling in a down trend the buy position ratios go higher. So clearly this is all wrong, when price is continually rising you need to buy high and sell higher. You buy breakouts or pullbacks, you should not be looking to sell a bull trending market at all. So why do they do it? The market is too high (no it's not), it must be the bears turn (wait and see first), but I need to sell the highs, the saying says so (no, you're not an investor), the chart is looking 'toppy' (just no), the TA is pointing down (doesn't matter without fundy and macro assist). An understand of a market comes with experience, until it does stick with the basics and look for longs in an uptrend, don't try to second guess the market and end up constantly fighting against it.
×
×