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  1. 5 points
    I would suggest EURUSD @eloronz for the following reasons: It is the largest FX pair market by volume and value and therefore the most stable, least prone to flash moves, which are a killer for new traders (and old I guess but old hands are more aware of this phenomenon) GBPUSD can be a bit spiky from a technical perspective, often spikes through a support/resistance zone before conforming, which makes stop placement more challenging USDJPY is often impacted by flight to safety Yen buying With EURUSD you are effectively trading, it is a better proxy than the USD basket (DX) EURUSD may be impacted by Brexit nonsense short term but is less prone to spikes around this than GBPUSD I would steer clear of non USD pairs for now, it is easier to focus on the USD impact EURUSD conforms well to charting and other technical analysis
  2. 3 points
    Just to add to the discussion. EURGBP in the interbank market is dwarfed by GBPUSD and EURUSD. These two pairs drive a lot of the EURGBP price action, so often GBPUSD or EURUSD will move which results in a move in EURGBP (due to the "triangular" nature of the 3 pairs):
  3. 3 points
    @eloronz, all the charting platforms have there own handy chart pic taker which also removes any personal info. On the online platform you click 'options' (3 dots) then 'export chart' and a snap shot of the chart is sent to your download folder. See pic below.
  4. 2 points
    @dmedin, I totally agree with you that Spread Betting is aimed at the retail gambler. The broker (house) is betting on them making wrong trading decisions and profiting. The house always has the stronger edge and the house always wins. The statistics show this. However, to counter my own argument I have heard the argument that Spread Betting platforms like IG need traders to be successful in trading so that they keep placing more trades thus earning them more money. I do understand this argument as well. This is why I keep on stating that when Spread Betting one must only trade with the strongest trends and not against them. That is the best chance a trader has to be involved in a profitable trade and a successful outcome. Anything else in my opinion is more towards gambling. All trading has an element of speculation but with the right conditions / environment and certain signals one can use this to stack the odds slightly in their favour and increase the probability of a winning trade. No guarantees of course. Spread Betting allows the use of leverage. With sound risk management, if leverage can be used effectively it can enhance profits.
  5. 2 points
    great interview in my opinion - posted here due to the discussion about US shale oil https://www.youtube.com/watch?v=BPjUCaueRLw
  6. 2 points
    @nit2wynit, it's not unfortunate, that's what's supposed to happen, the market is always trying to trap the unwary and inexperienced, why wouldn't it when it's so easy to do. So you're found that the market moves in fits and starts even when the overall progression is one way, why would it do that. A bull trend is made up of big players buying then stop buying, take some profit, let the market fall back a bit then start buying again, they can time it anyway they want. You are seeing the buying, you are waiting a bit just to be sure, then jumping in just as they stop buying. Once you have bought in you are totally dependent on having a big player come in after you and buy the market up and carry you along with it, but your timing/execution is all wrong. Also, you have discovered that demo is not like the real thing at all, the market moves the same but inside your head it's all different. So two problems identified, what to do about it. TO BE CONTINUED
  7. 2 points
    1 - Doubling Down. 2 - Holding Losers. 3. - Trying to Pick Tops and Bottoms. I started discussing the SSI and COT data in the Indices thread but I want to encapsulate and collect the basic points together to show the main reasons why retail traders fail. Using the Dow as an example, so retail traders went net short starting 2nd Jan (pic 1) which coincided with the rally failure in the recent down trend, fine (pic 2). But the pullback reversal itself failed on the 8th Jan, the bears had had their chance and blown it, time to get out of those shorts right, the chart had turned bullish. But the % net shorts kept increasing all through Jan and stayed net short 75% - 80% all through Feb while price was storming up the chart. Then holding on to losing trades all through the March consolidation. Retail had got it wrong so initially doubled down and then hung on to the losers. Look at the 3rd pic which shows the COT data for the same period. Small speculators went net short 2nd Jan same as above. Large speculators on the other hand had been reducing their net longs but come the start of Fed were confident enough to set about increasing their long exposure again. Back to the top chart again. The consolidation through March and maybe those losing trades would come good right? That's desperation tactics not a planed strategy. But look again, in the last week there has been a price run up to test the recent high, what does that mean for retail, why it's another opportunity to go short again of course, I mean it must be the top this time right? 80% of retail traders lose money for a reason (or 3). It used to be said that 90% of retail traders lose 90% of their account within 90 days. The SSI graph show exactly how this is remarkable accomplishment is achieved by so many.
  8. 2 points
    Thought I would post an updated spreadsheet, interesting to see IG clients (us!) now: More short: major indices More Long: GBPUSD and EURUSD Very long: Bitcoin and Ether
  9. 2 points
    You need the stop loss @eloronz you just need to place it at a point that makes sense within the context of your set up (i.e. just after the point at which your premise on the direction of the market would be altered). This should be wide enough to avoid temporary retraces but not wider than you can afford to lose on any one trade. Conventional wisdom on the latter is 3% max of you account balance.
  10. 2 points
    also worth noting you can use the @ symbol and then type the persons name to tag them. For example @eloronz which means the person would also get a notification. Better than tagging via hyperlink which I believe you have done.
  11. 2 points
    Thought I would add this more as 'feedback' for other community people. I've been online for a bit but never done it. You can just go to your profile section here by clicking on the username and then Profile... Then you just need to click the little square next to the circle which has the first initial of your screen name on. And then all you need to do is upload a better picture then i did 😁
  12. 2 points
    For clarity, the sentiment gets updated every 15 minutes or so, and related to the net set of positions our client base have at that time (not the amount of open interest in that asset over the day). For example, out of 100 clients, if 85 were long and 15 short, the sentiment would be 85%. Someone with a neutral positions (force open long and short) would have no impact. Over the course of 24 hours, if a trader went from short to long, then the sentiment would change to 86% long (i.e. net direction of client trades, rather than those who have traded in that day). This is a case of 'one man one vote'. Someone who is £100/pt long has the same weighting as someone who is £1/pt long. Hope this clarifies
  13. 2 points
    Hi @ajt143, not sure why but IG do have this option for the UK spread bet platform but not for the UK cfd platform. The cfd platform (UK and Aust) display is always in the quote currency what ever that happens to be and I don't think it can be changed.
  14. 2 points
    Hi @eloronz, if the trades are the same size they will just cancel each other out. You need to switch from 'Net Off' to 'Force Open' on the Deal Ticket. See pic.
  15. 2 points
    In the Aftermath of the Fed The baton has been dropped. The Federal Reserve was by far the most aggressive major central bank through this past financial epoch (the last decade) to embrace ‘normalization’ of its monetary policy following its extraordinary infusion of support through rate cuts and quantitative easing (QE). Over the past three years, the central bank has raised its benchmark rate range 225 basis points and slowly began to reverse the tide of its enormous balance sheet. As of the conclusion of this past week’s two-day FOMC policy meeting, we have seen the dual efforts to level out extreme accommodation all but abandoned. A more dovish shifted was heavily expected given the statement in January’s meeting, the rhetoric of individual members as well as the state of the global markets and economic forecasts. Yet, what was realized proved more aggressive than the consensus had accounted for. No change to the benchmark rates was fully assumed, but the median forecast among the members accounted for a faster drop than the market likely thought practical. From the 50 bps of tightening projected in the last update in December, the median dropped to no further increases in 2019 and only one hike over the subsequent two years. Over the past three years, the central bank has raised its benchmark rate range 225 basis points and slowly began to reverse the tide of its enormous balance sheet. The Dollar responded abruptly Wednesday evening with a sharp tumble, but there was notably a lack of follow through where it counted – the DXY Dollar Index wouldn’t go the next step to slip below its 200-day moving average and break a ten-month rising trend channel (a hold that confounded those trading an presumed EURUSD breakout). Why did the Greenback hold – for now – when the move was clearly a dovish shift? Likely because the market is already affording for an even more dovish forecast as Fed Fund futures have set the probability of a 25bps cut from the Fed before the end of the year as high as 45 percent. What’s more, if you intend to trade the Dollar; it is important to recognize that even with a more dovish path ahead, the Dollar and US assets will maintain a hearty advantage over its major counterparts. That would particularly be the case should other groups extend their dovish views to more actively explore deeper trenches of monetary policy. Looking beyond the Dollar’s take, however, there are far more important considerations for the global financial system and sentiment. The Fed was the pioneer of sorts for massive stimulus programs designed to recharge growth and revive battered markets. It was also the first to start pulling back the extreme safety net when its effectiveness was facing deserved scrutiny by even the most ardent disciple of the complacency-backed risk-on run. In other words, its course change carries significantly more weight than any of its peers. The question ‘why is the Fed easing back and so quickly’ is being posed consistently whereas in the past market participants would have just indulged in the speculative benefits. The overwhelming amount of headline fodder – from trade wars to frequency of volatility in the capital markets – makes for a ready list of considerations. Yet, the group’s own economic forecasts brought the reality home far more forcefully. Though we have seen numerous economic participants downgrade the growth outlook (economists, investors through markets, the IMF, etc), to see the median GDP forecast in the SEP (Summary of Economic Projections) lowered from 2.3 percent to 2.1 percent for 2019 made the circumstances explicit. We’ve considered multiple times over previous months what happens if the market’s start to question the capability of the world’s largest central banks to keep the peace and fight off any re-emergences of financial instability. Now it seems this concern is being contemplated by the market-at-large. That doesn’t bode well for our future. A Sudden Fixed Income Interest When ‘Recession’ Warnings Take Hold Except for fixed income traders and economists, the yield curve is rarely mentioned in polite trader conversation or in the mainstream financial media. Its implications are too wonky for most as it can be difficult to draw impact to the average traders’ portfolio and given the considerable time lag between its movements and capital market response. Yet, when it comes to its most popular signal – that of a possible recession signal – the structure of duration risk suddenly becomes as commonplace a talking point as NFPs. On Friday, the headlines were plastered with the news that the US Treasury yield curve had inverted along with a quick take interpretation that such an occasion has accompanied recessions in the past. There have actually been a few parts of the US government debt curve that have inverted at various points over the past months, but this occasion was trumpeted much more loudly as it happened in the comparison to the 10-year and 3-month spread (what has been identified as a recession warning even by some of the Fed branches themselves). First, what is a ‘curve’? It is the comparison of how much investors demand in return (yield) to lend to the government (for Treasuries specifically) for a certain amount of time. Normally, the longer you tie up your money to any investment, the greater the risk that something unfavorable could happen and thereby you expect a greater rate of return. When the markets demand more for a short-term investment than a longer-term one in the same asset, there is something amiss. When the markets demand more return from a three-month loan to the US government than a 10-year loan, it seems something is very wrong. Historically, the inversion of these two maturities has predated a number of us the recessions in the United States – most recently the slumps in 2008, 2001 and 1990. When the markets demand more return from a three-month loan to the US government than a 10-year loan, it seems something is very wrong. First is the lead period the curve reversal has to economic contraction. The signal can precede a downturn in growth by months and even years. Preparation is good, but moving too early can ‘leave money on the table’ for the cautious or accumulate some serious losses for those trying to trade some imminent panic. Further, there are certain distortions that we have altered the course in normal capital market tributaries that could be doing the same for Treasuries and therefore this reading. More recently, the revived threat of the US government shutdown through December and the unresolved debt ceiling debate put pressure on the asset class. At the same time, though, few believe the US would do little more than allow for a short-term financial shock in order to make a political point. Far more complicating for the market and the signal is the activity of the US and global central banks. The Federal Reserve has purchased trillions in medium-dated government debt as part of its QE program. They only started to slowly to reduce holdings and push longer dated yields back up a few years after they began raising short term rates in earnest. Their recent policy reversal only adds to the complication. Now, all of this does not mean that I believe the US and global economies will avoid stalling out or even contracting in the near future. Between the dependence on capital markets and stimulus, the heavy toll of trade wars and nationalistic policies, and the pain for key players in the global web; there is a high probability that we will see an economic retrenchment in the next few years. That said, that wouldn’t make this particular signal a trigger (causation) or even correlated through the main forces that would bring on a recession. Nevertheless, yelling ‘fire’ in an a panicky crowd on foggy day can still yield volatile results. Brexit, Just Winging It Another week and another upheaval in Brexit expectations. Through much of the past year’s anxiety over the withdrawal of the United Kingdom form the European Union, there was at least some comfort to be found in the finality of the Brexit date (March 29th, 2019). While it could end in favorable circumstances for financial markets (a deal that allows considerable access for the UK) or acute uncertainty (a no-deal), at least it would be over. Well, that assurance is as clouded as the expected outcome from the negotiations themselves. Shortly after I wrote the Brexit update last week whereby there was a clear timeline for another meaningful vote on the Prime Minister’s proposals – after Parliament voted for an extension of negotiations – the Speaker to the House of Commons thwarted the effort when he said the scheme would not be reconsidered unless it was materially different. It is likely that see another significant change in this drama any times (and even multiple times) this week. At Prime Minister May’s request, the European Commission agreed to an extension of the discussions beyond the original Article 50 end date for this coming Friday. Yet, where the PM intreated a postponement out to the end of June, the EU agreed only to May 22nd – the day before European Parliamentary elections. Beyond that date, the UK would theoretically remain under the regulations and laws of the EU but would have no say in their direction which wouldn’t appeal to either side. So, now we are faced with another ‘fluid’ two months of critical deadlines. This week, it has been suggested the government will try to put up once again for a meaningful vote – though it is still not clear whether the proposal will be meaningfully different (the EU has offered no further concessions) or there has been a successful challenge against the Commons speaker. When this could be put up to vote is unclear, but it has been suggested between Monday and Wednesday. If the proposal is approved, the timeline to May 22nd will remain and we will start to see a genuine path form. If it is not, then the following week Parliament will have to indicate that “they have a way forward”. If they do not, an extension or no deal will likely be considered for April 12th – out to the previously mentioned May 22nd date. If we pass April 12th without a clear plan, the probabilities of a ‘no deal’ or ‘no Brexit’ will rise significantly. Those two scenarios are extreme and on the opposite end of the spectrum. From a Pound trader or global investor considering UK exposure, you can imagine what a situation where the probability of diametrically-opposed, market-moving outcomes are considered balanced would do to the markets. It will curb market liquidity and leverage uncertainty. That would translate into divestment, difficulty establishing trends and serious volatility. If that isn’t your cup of tea, it is best to seek opportunities elsewhere for the next few months until this is sorted.
  16. 2 points
    Market action proves it again: this market hinges on the Fed: The US Fed has proven itself as the most important game in town for traders. The FOMC met this morning, and lo-and-behold: the dovish Fed has proven more dovish than previously thought; the patient Fed has proven more patient that previously thought. Interest rates have remained on hold, but everyone knew that was to be the case today. It was about the dot-plots, the neutral-rate, the economic projections, and the balance sheet run-off. On all accounts, the Fed has downgraded their views on the outlook. And boy, have markets responded. The S&P500 has proven its major-sensitivity to FOMC policy and whipsawed alongside a fall in US Treasury yields, as traders price-in rate cuts from the Fed in the future. The US Dollar sends some asset classes into a tizz: The US Dollar has tumbled across the board consequently, pushing gold prices higher. The Australian Dollar, even for all its current unattractiveness, has burst higher, to be trading back toward the 0.7150 mark. Commodity prices, especially those of thriving industrial metals, have also rallied courtesy of the weaker greenback. Emerging market currencies are collectively stronger, too. This is all coming because traders are more-or-less betting that the Fed is at the end of its hiking cycle, and financial conditions will not be constricted by policy-maker intervention. Relatively cheap money will continue to flow, as yields remain depressed, and allow for the (sometimes wonton) risk-taking conditions that markets have grown used to in the past decade. Some risk being taken again, though somewhat nervously: The play into risk-assets makes everything sound quite rosy. There are caveats to this, however. And that relates to what’s been inferred about global growth from the Fed’s meeting this morning. Implicitly, at the very least, the Fed has acknowledged that growth in the US and world economy is all but certain to slow-down. It wasn’t said outright – a central banker would never want to be anything less than cautiously optimistic – but the tone of Fed Chair Powell at his presser suggests a Fed that is sufficiently concerned about the global economy that they will definitively reverse its policy “normalization” course. Positivity was maintained by the Fed about US economic conditions, outrightly. However, the market has read between the lines, and it doesn’t like what it sees. Interest rates are now expected to be on hold for this cycle: So: although swung around post release, the more important bond market is telling a clearer story. The yield on the US 10 Year Treasuries have tumbled nearly 8 points to 2.53 percent, and the yield on US 2 Year Treasuries has fallen 7 points to 2.39 per cent. More remarkably, the yield on Treasuries with 3, 5- and 7-year maturities have dropped over nine points, creating a yield curve with a very flat belly. Of most concern here is that all of these securities are trading just at, or well below, the Fed’s current effective overnight-cash-rate of 2.40 per cent. Traders are now pricing in a greater than 50 per cent chance the Fed will cut rates by early next year, on the basis of deteriorating economic conditions. It’s getting harder for the Fed to get the right balance: The tight rope is getting narrower. For market participants, as always: on one side of it sits the need for accommodative financial conditions, on the other the need for robust growth conditions. It’s the rudimentary in principle, though complicated in practice, interplay between the credit cycle and the business cycle. Out of this Fed meeting, the proverbial tight rope walker is nervously shifting her gaze down towards the economic growth outlook. Powell and his team have apparently not struck the necessary equilibrium in its approach to its policy and communications to the market. Yes (again), risk assets have rallied, but right now, not in such a way that suggests the bulls are significantly more confident in the investment environment being planted before them. Other stories also important, though not as much as the Fed: Some of this could be attributed to the overhang coming from some of the other significant economic stories yesterday. Sentiment has been dented by news that key EU figure Donald Tusk may demand that no Brexit extension is granted for the UK; it has also been liver-punched by a story suggesting US President Trump does not necessarily see a lifting of tariffs on China occurring in any US-Sino trade deal. Once more: it does appear that markets have seen the greatest gravitas in the Fed meeting, though. And traders’ nervousness is being betrayed by this: despite a dovish tact, corporate credit spreads have rallied, the VIX is off its multi-year lows, and US Break-evens are revealing greater inflation risk in the US economy. Australian markets to be defined by Fed and employment numbers: Fittingly, SPI Futures are suggesting the ASX200 will open somewhere between 5-and-10 points lower this morning. Speaking of markets and the growth outlook, not only will Australian trade be impacted by the fall-out from the Fed’s nervously dovish tilt, we also get some highly anticipated employment figures out this morning. The currency and rates markets will be what to watch for: the themes driving the ASX200 this week is the renewed push in iron ore prices, along with the rotation into yield-driven defensive sectors as Australian ACGB yields tumble. The RBA have hitched their hopes for the Australian economy on a tightening labour market and subsequent lift in wages growth and inflation. Watch therefore today for any major downside miss in employment numbers. Written by Kyle Rodda - IG Australia
  17. 2 points
    this is really relevant to me, see 15:20 min onwards https://www.piworld.co.uk/2017/01/02/conkers-corner-edward-roskill-interview/ "trying to be really disciplined is very important" "trying to be distinguish between fundamentals and the stock price which can be completely different" 18:00 "prices can behave peculiarly" "price is an irrelevance" https://www.cnbc.com/2019/03/18/eldorado-resorts-caesars-explore-merger-sources.html we wait.
  18. 2 points
    Indeed I have been sat here for a good many tears, I mean years. Did I get rich quick, no. I do treat it as a business though, a buying and selling business. So like all careers there is a lot of theory to be grounded in plus a lot of practical to get experience in. There is probably a whole years worth of course work in just learning how to spot and avoid the traps. I picked out an old Tom Dante quote which sums it up rather well, see below.
  19. 1 point
    As markets get quieter over periods such as Easter, the liquidity dries up (buy and sell orders at different price points). This can cause opportunity for significant volatility so keep an eye our and be mindful. Can also mean that many 'models' don't work so well so indicators etc should be taken with a grain of salt. Still opportunity to trade out there ... just not as normal conditions.
  20. 1 point
    🤣 Probably true ... SB is definitely aimed at the retail punter though. Options have their place, but only big boys are allowed to play with that train set.
  21. 1 point
    @nit2wynit, Each trading vehicle will have its advantages and disadvantages. You must choose one or several which meets your needs and can help you to reach your goals. With Spread Betting it allows you access to certain assets like Cryptocurrencies and Commodities without owning the physical Cryptocurrency or opening a Commodities futures account. It also allows you to short shares which you could not do if you were merely acquiring them (long position) from a mainstream broker. It is also tax efficient for the 20% who make profits but they would still have to make profits greater than their CGT allowance to take advantage of this tax efficiency which possibly many do not. There are downsides of course such as the wide and at times ridiculous spreads, margin requirements and overnight charges. It will suit some and I am sure it will not suit many. For me those who lose money and have losing trades using Spread Betting find it easy to blame 'Spread Betting' rather than their trading strategy and trading system. Options will have their benefits and CFD's will have theirs. You must use the trading vehicle and platform which best suits your trading strategy and system. You must use the option which gives you the best chance of profit maximisation and successful / profitable trades. Only you will be able to decide this. What is right / wrong for you may not be for others.
  22. 1 point
    you may notice the "fib" I have on that chart - sub 1270 target now
  23. 1 point
    @kingtrader72, Had you gone long on 4th April 2019 then you would be losing capital. One of the reasons would be that you would be trading against a strong bearish trend. You also need to look at the supply / demand issues for Coffee and any fundamental factors which are driving coffee prices down. One would need to appreciate the background narrative being played before placing any trading position. I would suggest either short coffee or if you feel uncomfortable shorting an asset then wait patiently and do nothing. Wait for a clear trend reversal.
  24. 1 point
    This should be the important parts of the sheet.
  25. 1 point
    @nit2wynit, it's a learning curve, we all know. Using my process this is how I would have described gold on that Friday morning.; Daily; Look at chart structure then look at yesterday's candle. The higher high, higher low pattern has broken down so the market is no longer trending, stick to trending charts, look at yesterday's candle, major bear strength, don't try to fight it. The overall look of the chart and yesterday's candle are shouting out that the bears are gearing up for a major try on that support level, trying longs - definitely not here, maybe on a bounce up off 1280 but not here. The H1; and I would see most likely scenario after that strong impulse move down is a pullback and another push down to challenge support, not looking for longs. I wouldn't even bother looking at the 5 min because I know major support is just below so the chart structure has ruled out longs (bear strength) and shorts (reward not big enough for the risk), look for another market. The candles are stamped in the now, indicators compare now to the past, volume is a difficult one to use because it often smolders before igniting. Chart structure is more important anyway and shows what the big players are planing. If you are constantly trying to catch breakouts you will usually get caught out buying the high or selling the low, that's just how they work, the rewards can be big but the strike rate of timing them right is only 2 out of ten, unless you are playing on a large time frame chart with a massive stop. Settle on one setup (btfd in a trend) and practice it over and over until you are good at it, then maybe look at adding another type of setup. (Buy the Failed Dip in uptrend, or sell the failed rally in downtrend). Decide your basic plan for the session before hand using the higher time frames to to give a sense of bull and bear strength, go with the flow rather than looking for reversals.
  26. 1 point
    Yes, this is a good workaround to the problem: break the trade into multiple smaller orders, and then set up different profit targets for those separate orders. I guess I'll just stick with this solution for now. Thanks for the replies everyone.
  27. 1 point
    Ah @dmedin, I can see where you going wrong there. Too much faith in Technical Analysis, if the markets were scientific it would all just fall apart so relying on scientific tools will inevitably lead to confusion and sorrow. TA is not about rules, not even guidelines really, more just suggested possibilities, which is why you will find people using techniques very differently producing a multitude of signals that are all themselves just equal possibilities. In books and on SM you will see loads of examples of technical patterns working out but I don't think I've ever seen a book on technical patterns not working, don't suppose it would sell very well really. You will find plenty of commentators who have swallowed TA books whole and then regurgitate everything back up onto a fresh chart, all you will see is a godawful mess. Best advice I could give is to stick to Wykcoff and supply and demand, the basic mechanics of a market. Most people prefer SB over options because of the greater level of control, with SB you pay a stop loss which will get you out of a trade as soon as the trade turns against you. But as demonstrated in the SSI thread, 80% don't seem be able to use this basic tool competently.
  28. 1 point
    Hi, the min spread for audusd is 0.6 and the average is 0.76 however the spread will widen temporary during high volatility especially around a news release so it may have widened to 10 around 1:30 pm for the US CPI data but probably only for a minute or 2.
  29. 1 point
    Hi @nickodob, if you are talking about just buying then selling shares then yes you can do that on the non-leveraged share dealing account. But everything else you will need a SB or CFD account.
  30. 1 point
    Hi, Thank you You have been a big help, I am going to get going using your advice, will let you know how it goes, would you
  31. 1 point
    Also I think there is a lot to say for the 'contrarian' trade to what the mass media news is saying. When all the news articles are saying 'BUY' or 'we're at the top' its probably worth looking at reducing your longs and selling. When it comes to oil I have had the following emails today alone... From IG - "Oil is leading commodity price gains finding a catalyst for the move from in fighting in Libya, which threatens to disrupt global oil supply." From Reuters - "Oil prices rose to their highest level since November 2018, driven upwards by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela, and strong U.S. jobs data." From Bloomberg - "Crude is close to the highest level in five months this morning, with a barrel of West Texas Intermediate for May delivery trading at $63.45 by 5:40 a.m. Eastern Time as the escalation of fighting in Libya increases supply concerns. In other oil-market news today, there is huge interest in Saudi Aramco’s bond sale. Aramco Chairman and Saudi Energy Minister Khalid Al-Falih told Bloomberg TV this morning that $30 billion of orders have been received. The company is expected to offer at least $10 billion, with pricing as soon as tomorrow" Blonde Money - "Thrives as oil producers sell futures to protect themselves from price falls and many like to speculate on the market. There is over and under supply and the level of stocks links the spot (immediate) oil price to the futures price. Backwardation is where futures prices are below spot and contango where they are above. Today, see chart below, OPEC cut production, demand is picking up and because of backwardation, suppliers run down inventory. Speculators need a high risk premium as ample stocks dampen price volatility and the reverse is true, low stocks amplify volatility. The curve says high prices will not last yet Saudi Arabia, OPEC’s largest producer, needs $80 per barrel to balance its budget, a dilemma"
  32. 1 point
    Interesting times, Dow and S&P fast approaching all time highs but also entering into triple top territory. The crowd are all sitting on shorts so the contrarian is obviously looking hard at going long. A US/China deal could be immanent (as it has been for the last 6 months, meh) and then there is the inverted yield curve *bites nails*. But here's an interesting chart, ISABELNET @ISABELNET_SA "Historically, a recession begins when the real Fed Funds rate exceeds GDP growth. We are far from that right now. So, this cycle should not end any time soon." This would make sense as high US GDP and low CPI is not recession territory, the opposite in fact. As ever when looking for a longer term trade price approaching boundaries is not the time to jump in, the time to jump in is when price is leaving the boundary, whichever direction that might be.
  33. 1 point
    @kingtrader72, From a 'Trend Following' perspective my thoughts are that the opportunity has not quite presented itself to go long 'Coffee'. Maybe from a 'Value' perspective it may seem enticing. Looking at the 'Daily' then Coffee - London Robusta is trading below its 20, 50, 100 and 200 DMA's. Looking at the 'Daily' then Coffee - New York Arabica has just crept above its 20 DMA but is below its 50, 100 and 200 DMA. The moving averages curves are all sloping downwards which is a bearish signal. Why do you think there is an opportunity to go long here? Is it simply because you think all the downside is priced in? Coffee prices are historical lows. The article below maybe of interest to you. Exclusive: Brazil weighs offering coffee options to support prices - sources https://uk.reuters.com/article/us-brazil-coffee-policy-exclusive/exclusive-brazil-weighs-offering-coffee-options-to-support-prices-sources-idUKKCN1RG2JK
  34. 1 point
    but not for many stocks at once , that's a screener which I don't think is available
  35. 1 point
    One of the most searched assets on the IG platform has been Palladium this week, so I thought I'd just give a run down of a few things which may be useful to help your trading. Some of these are basics for the new trader, but there may be one of two things which you find useful. How to trade Palladium and where to research fundamentals FIND: under the commodities section, or using the search at the top WATCHLIST: right click on the asset and 'add to watchlist' if you want quicker access to this in the future NEWS: start your research on Palladium using the 'News' section at the bottom of the chart, or in the News flyout on the left SWITCH: swapping between spot and futures may be useful if you're going for a longer term view WORKSPACE: add to workspace to access the chart without using the flyout. Resize as required BUY/SELL: if you want to trade immediatly, access your deal ticket here WTO warns of slow down in trade growth - impact on mining sector Further reading Palladium Price: More Losses Likely as ’Bubble’ Bursts on DailyFX (March 29th) Brexit Rumours, Palladium Bubble, EURUSD Outlook - US Market Open on DailyFX (March 29th) Community thread on Palladium as below
  36. 1 point
    Thought this was related: https://www.coindesk.com/the-sec-just-released-its-crypto-token-guidance
  37. 1 point
    It works well - Nimbus Screenshot and Video Recorder is the name. Not an endorsement or prompt to download, just informational
  38. 1 point
    Exactly that caseynotes, its just a bit of manual resizing. For newer clients and those who want to see a quick set up, check out the video below. Also worth noting that at the end of the video I add Bitcoin to show you how to get multiple tabs going, and then see a massive spike so go in to investigate a different time frame ....so you can all ignore that part. screen-record.webm
  39. 1 point
    Thanks @Caseynotes I currently use PRT that way. But it requires me to add variance to my stop & target as data is slightly different. 🤔 i hope the PRT timeline is expedited. But done well, as we expect from IG.
  40. 1 point
    Perfect! Thanks for your swift reply.
  41. 1 point
    Hi Mercury, I've been following your posts for while. I have to say I admire your patience very much. EURUSD's lack of volatility has continued for a while. All major currencies are in similar situations. Calm before the storm?
  42. 1 point
    Anyone else having this problem with some (not all) US shares? This quarter my dividend payouts involved a 11 or 12 line calculation for each share and a drastically reduced payout (on stocks I haven't sold, and which have not reduced their payout) I've signed a W-8BEN form so it isn't that. I'm not getting any useful answers from IG helpdesk and, of course, a total blank from 'Corporate Actions' - whatever that means.
  43. 1 point
    Today is week, month and quarter end, so watch out for end flows. Also, UK onto British Summer Time Sunday and so back to the usual US market open and close time by the UK clock.
  44. 1 point
    In my opinion, Gold, will need to surpass $1320 level to continue and resume its uptrend. Any drop below $1286 will present a bearish phase. If Gold does not hold around the $1279 level then I do fear a larger drop. There are lots of variables in the mix. Positive / negative news on US-China trade talks and Brexit will play a role. The US Dollar will play a very important role in terms of whether it strengthens or weakens from here onwards.
  45. 1 point
    US-China trade talks have restarted in Beijing as U.S. Treasury Secretary Steven Mnuchin said on Friday that he had a "productive working dinner" the previous night. Investors are hopeful that progress will be made to resolve the bitter trade dispute between the two largest global economies, amid growing concern of a slowing economy as the bond market signals a possible incoming recession. Theresa May is set to make a third attempt to pass a Brexit deal today, as the MPs are asked to vote for a "blindfold Brexit" on the day that Britain was originally due to exit the EU. The format for today's vote has been crucially changed to comply with Speaker John Bercow's recent ruling, so that MPs will vote only to approve the withdrawal treaty and not the 26-page political declaration that accompanies it. Huawei's revenue and profits soar, despite recent major political headwinds. The Chinese tech giant reported revenue of over $100 billion in 2018, a 19.5% year-on-year rise. Net profit also rose 25% compared to 2017. The Dow Jones rose 91.87 points to 25,717.46, whilst the S&P gained 0.4% and the Nasdaq advanced 0.3% to close at 7,669.17. Asian equities followed suit as the Shanghai Composite rose more than 3.1% and Japan's Nikkei climbed 0.8% on Friday. In the currency market, the pound regained 0.3% to $1.3077 after losing more than 1% the previous day. The euro stands steady at $1.1232 and the Turkish lira dropped 1%, after it had plunged 4% the day before. U.S. crude futures traded up 0.4% at $59.55 a barrel, recovering from Thursday's low of $58.20. Palladium dropped 0.4% after seeing declines of 6.6% yesterday. The precious metal has fallen from last week's peak on concerns that demand could be affected by an economic slowdown. Asian overnight: Chinese markets were the big outperformer in a widely bullish session, with the Shenzhen composite trading 3.7% higher amid hopes for a breakthrough in US-China trade talks. Yesterday’s comments out of the US point towards widespread progress for these talks, raising the prospect of an eventual deal. Overnight data all focused in on Japan, where a slightly weaker retail sales number marked the one blot on an otherwise impressive set of data. Improved housing starts, industrial production, and unemployment helped boost confidence in the economy. UK, US and Europe: Looking ahead, Theresa May gets a third bite of the cherry, with another meaningful vote taking place today. The failure to secure support from the DUP should consign this attempt to another loss, yet some believe that the decision to split the withdrawal agreement from the political declaration could help secure some extra votes. It is a busy morning otherwise for the pound, with final GDP, current account, net lending, mortgage approvals, and the Nationwide HPI all released at 9.30am. In the afternoon, keep an eye out for Canadian monthly GDP, alongside the US core PCE price index, personal spending, and Chicago PMI. Economic calendar - key events and forecast (times in GMT) Source: Daily FX Economic Calendar 8.55am – German unemployment (March): rate to hold at 5%. Markets to watch: EUR crosses 9.30am – UK GDP (Q4, final): growth expected to be 1.3% YoY and 0.2% QoQ. Markets to watch: GBP crosses 12.30pm – US personal income (February): forecast to grow 0.2% MoM. Markets to watch: US indices, USD crosses 1.45pm – Chicago PMI (March): expected to fall to 57 from 64.7. Markets to watch: US indices, USD crosses 2pm – US pending home sales (February): expected to rise 1.6% MoM. Markets to watch: USD crosses TBD - Parliament Brexit Vote Corporate News, Upgrades and Downgrades Renewi has cut 2020 guidance, and will also cut its dividend, after it was hit by new regulations in the Netherlands for soil treatment. Operating earnings for the year to March 2020 are expected to fall by €25 million. Travis Perkins said that its CEO John Carter would stand down in August. He will be replaced by Atkins CEO Nick Roberts. Bowleven has reported a drop in pre-tax losses for 2018, to $1.4 million, from $2.8 million a year earlier. Efforts to cut spending have borne fruit, helping to cut administration expenditure to $2.1 million from $3.6 million in the previous year. Wells Fargo shares jumped 2.6% in after hours trading on Thursday, following an announcement that CEO Tim Sloan will be retiring. AstraZeneza has struck a $6.9bn deal with Japan's Daiichi Sankyo to develop and sell a new cancer drug that is expected to treat breast and gastric cancers. Partners Group raised to overweight at Morgan Stanley Boskalis downgraded to add at AlphaValue Evraz downgraded to neutral at Citi Tele2 downgraded to hold at Berenberg Maersk downgraded to add at AlphaValue IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  46. 1 point
    Thanks James, Much appreciated. My trade was on my share dealing account which has not been accredited. Hopefully the new share arrangement is reflected in my account next week.
  47. 1 point
    In the post above I wrote how the news of the inverted yield curve broke mid day Friday and may have contributed to the continuation down for the indices Friday afternoon, but before you all pile in short Monday morning there are a few important points to consider. While it's true that the inverted yield curve (10y/1y) often precedes a recession, in the last recession of 2007 it preceded it by nearly a full 2 years. As an indicator that might be stretching it a bit. In fact the average lead time of the 9 recessions since the 1950's is 14 months, so you might want to take your finger off the sell button just for the moment. Pic 2 is also interesting and shows a following recession is not a dead cert and also that currently the inversion has only just touched into negative territory. And in pic 3 we see that the more widely used 10y/2y has not inverted at all (yet?). Like all indicators it's indicating possibilities, something to be aware of, until there's price action confirmation I would keep the finger off the trigger.
  48. 1 point
    @h7, I am from the UK. May I ask which country you are from? Is it the US? I could not find Waitr Holdings Inc on IG's UK Spread Betting platform. Is it is a small cap, micro cap or nano cap? I just did a quick search and the articles I was reading is suggesting that this is a stock which is about to blow up. Now I do not know if that is true but are you looking to also short this?
  49. 1 point
    Comment replicated here as probably better placed here than Tech Support for Platform or App IG, Could you please flag markets that are not open to trade on the screen prior to Place deal, or other activities are performed. So if you have closed down one side of the market for what ever reason , the flag should make it obvious to a trader before doing any analysis or attempting to place a trade and get a THIS MARKET MAY NOT BE SOLD TO OPEN message. Many thanks again.
  50. 1 point
    Is the FTSE showing an inverted h&s pattern on the weekly. If it is and it's broken the neck line of that, what is the likely target?
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