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  1. I thought i summarize my experience so far day trading in case any newer folks are interested Day trading is much harder than swing trading and especially at those lower time frames. From 100+ day trades so far I am certainly no expert and I like being honest, I am on average losing but I learnt a lot. My thoughts so far are: 1. Forget 95% of youtube, it's full of turds just trying to market courses, **** out their channel. Same with forums, no matter what topic it is (fitness, languages), a lot of people lie their asses off and pretend they are experts but in fact know jackshit about it. Even the supposedly guru's are full of sh@t. For example the guy who wrote that best seller "Trading for a living", Dr Elder. He came up with his own "impulse system" and brags about it. It just MACD and Moving average, nothing more . Aslo on their own private forum (which I was on for $60 a month) the group consistently underperform the S&P and even their best Gold start traders barely out perform it. Everytime you asked a question you got told, "buy this extra course for $100's Its the same with Anton Kreil, $15k for a course? I have no idea if he is good or not but its seems to me that it's the easiest thing in the world to prove your validity. Publish your trading accounts, get them audited by an auditor, show tax statements, do live streaming etc If I was building a business as a trainer that's what I would do. 2. Having said that there is a lot of useful information that if you look at it objectively it can be great advice. Keep a word document and write down your own points. Ignore every cherry picked chart they show you (apart from the educational content), use your own, scroll back a 500/1000 bars and then start looking at the extreme right hand bar, moving forwards bar by bar and ask yourself "ok what will I do here", you will soon find out that even if you got the direction right, spreads, commissions, trend reversed too quickly, stops etc killed it . It will paint a very different picture than what youtube baseball-wearing-cap-on-backwards hipster is telling you. 3. Day trading is a job, not a hobby and a difficult one, you need to put in the hours, research, do your homework, keep a trade journal take notes and analyze what you have done etc 4. You are essentially trying to make cash like flipping a coin over the long run with one side weighted in your favour. 5. Forget working on hunches or "I think the stock price will go up / down" You are doomed to failure. A proper system is the only way 6. Risk Management is the most important concept by far in my view. The generally advice is never risk more that 1 - 2% on a trade. I personally think that is too much . I would keep it at 0.5% max until you work what you are doing. 8 losing trades in a row at 1-2% and it starts to hurt and self doubt really creeps in. 7. Demo always seems like a good idea but in reality it never worked for me. I put on trades forget about them, have no psychological connection to wins / losses. You need to use real money, even if it's just the bare minimum to see those losing ££ . I have put on 4 trades over last few days.All 4 were up 2 x Risk but because I am a total **** I didn't cash out and all hit stops resulting in 4 losses. It was only £80 between all 4 but the fact I got greedy (yet again!) annoys me 8. If your profitable with a year you're lucky. My aim is to just break even by christmas to see if I can sustain a modest living in this. I have income from other sources anyway. 9. The reality is that its a heck of a difficult job to make money day trading., Brokers like IG, and all the others make money by continual flow of clients coming in losing cash and eventually leave, hence the large marketing. I don't blame them, it's a business model, not a hippy self help group, but just be realistic. 10. Most news, ideas is **** and pointless. I worked in investment banking on the trading floor for 15+ years. Every Monday we had to come up with a trade idea for clients , Derivatives / inflation, bonds, 90% of them were sh@t, I know I wrote them, we just had to do something. It's the same with market news, broker webinars etc, trading channels / ideas etc, the staff are tasked to do something. More noise, more videos, more website hits, more trades = more commissions / sales. 11. Don't jump around from stock to stock, to FX, to crypto. I believe if you are not making money in two or three the problem is you, not the asset. They all have their own personalities, e.g. Coca cola barely moves, Tech stocks jittery as hell, respond to news, others hardly at all, so you need to spend sufficient time on see what influences what. 12. as above, don’t jump around with different trading strategies, 200 different indicators etc. You need to limit all the moving parts and focus 13. Best way I found to improve, (so far) , For every trade, I immediately write down why I entered the trade (note 5) , for example Long MA Strategy (a) Rising 200MA (b) Rising 20MA , (c) 20MA crosses over 200MA (d) price near 20MA seems like a winner on paper but I still kept getting stopped out. Then afterwards write down what happened, e.g. after the trade exit I put screen shots of 3 time frames (daily hourly / 15min) into a PowerPoint and detailed where I went wrong. Several things became clear such as - 2min charts was pointless, you would never make the spread back - The risk / reward (1:2) was to high, a 1:1.2 would have paid off > 50% of the time . - I was fannying around with stops, for no reason. etc - I'm putting on trades because I'm retarded, e.g. long trade, on a bearish trend in larger time frame The point being, you start to learn about your technique and they way you trade which no book can possibly know. Heck it's boring but I am starting to see patterns about the way I trade (= c@ck up). The best traders I saw in banks were the OCD ones. The wannabe Burberry wearing chavs all got pushed out or sent to Starbucks to pick up the coffee The million dollar question: can you make money? At this stage, I am still undecided. I think there is light at the end of the tunnel but its going to require work, a plan and mental commitment for sure. Anyway, long post but hope it's useful for some folks (apologies for the obscenities!)
    4 points
  2. One more vote for having TV integration with IG
    3 points
  3. @ArvinIGlooks like charts are working now. Thanks for resolving the issue.
    3 points
  4. Hi, you've got a number of issues going on there; 1/ variable spread. 2/ exotic pair. 3/ time of trade. The variable spread system gives tighter spreads in normal market conditions but widen if volatility creeps into the market. Solution is to watch the spread and keep away from volatile times, keep an eye on the number between the buy/sell price. Spreads are always wider on the less traded pairs so always need to take that into consideration, maybe the EUR or US NOK pairing has less spread? Outside EU, UK, US normal trading hours causes a jump in spread as the normal liquidity providers have closed so brokers need to look further afield to find prices and so the spread is also inevitably going to be higher during those times.
    3 points
  5. I don't think I've mentioned this on here - but the stock market in 2000 - REPEATED the 1929 cycle - a quick look at a chart of the Nasdaq100 from 2000 and the DOW from 1929 confirms this, as the formation is similar and as you'd expect, anyway............. The stock market cycle from 2000 has played out beautifully - anyway to cut a long story short - IF, the Interest rate cycle repeated along with the stock market then the following dates should be observed and so far to date it looks again as if it is playing out nicely 1929-1951 = 22 years 2000 + 22 years = !!!!!!!!!!!!!! I wrote a thread on TIME CYCLES - the 1st post shows and explains the cycle and the sequence - backtrack this cycle and it hit 1929 too During the DOWN/DEFLATIONARY cycles you'll find that central banks throw the kitchen sink at efforts to stimulate things with little effect - the cycles down, nothing can stop it as its deflationary, BUT...... during the UP/INFLATIONARY cycles you find that price inflation, commodity spikes etc happen and the tools to combat that are Interest rate rises, tax rises etc etc etc I remember back in 2012 ish being told "Low rates are hear forever" by someone on some forum [not this one] - well lets see - I say rates will be back to 5-7% within the next 5 years [most likely a hell of a lot quicker] As humans, we have to position ourselves so that we are not burnt by adverse events, govts have proved they can't prevent crashes and the like PS - Stock Market - My expectation based on my analysis is its UP until the mid 2030's - obviously there will be plunges like 2020 along the way, but no major crash
    2 points
  6. Some Central bankers and other economists get carried away and think we high inflation. Some central banks policies as to create inflation in an deflationary period. How confused are they? Inflation has several meanings. For example we have hyperinflation in the stock markets valuations created from QE. Also, share buybacks is NOT investing in their own companies, but an illusion since nothing is invested in goods and services. This is not an experiment that some bankers have suggested. It has been done before with the same techniques, all to lead to a disaster for the average person and investor. Mountain of debt that governments have built up, even PRIOR TO THIS EPIDEMIC, is a result of voters buying by spend, spend spend money they do not have. And central bankers and banks encouragement advises -- let the future pay for it while the bankers milk huge profits from all this, until the domino collapses. Oh, the FED DOES NOT CONTROL INTEREST RATES and empirical data SHOWS THAT THEY FOLLOW THE BOND MARKET. This IS THE SOLUTION THAT NEVER HAS SOLVED PAST FINANCIAL CRISES, JUST PROLONGED THE CHAOS TO COME. iT WILL BE THAT MUCH BIGGER BUBBLE.
    2 points
  7. Hello IG Community ProRealTime is an advanced charting software and trading platform. ProRealTime's high quality charts, analytic tools and reliable market data received directly from the exchanges make it a powerful decision support tool. Our first product feature is custom trading hours on ProRealTime. We will cover how to enable custom trading hours and weekend data, how the setting affects market groups and how to adjust your charts to reflect historic dividend and rollover adjustments. Custom Trading hours Custom trading hours can be customized by right clicking anywhere on your opened chart and then select custom trading hours. As shown below highlighted in yellow and circled in red: After you select custom trading hours the following settings page will popup as shown below: Time zone used for data displayed in the platform Time zones selected modify the time zones used to display data displayed in the application. The time zones chosen affects all data including times displayed in charts, order lists and tick by tick lists. Trading hours Trading hours determines the range of time for which data is displayed on intraday charts. If you want to display all available data, you should choose the first option. The second option can be used to restrict the amount of dat displayed in charts to include less time than is displayed by default. The times chosen in this section are always based on the market's default time zone (regardless of whether a custom time zone has been set for the market or not). The beginning time must always be earlier than the ending time (ex: from 06:00 to 21:00). This option only affects charts and not lists of instruments or tick by tick lists. Weekend and Daily data Weekend data: This option lets you display or hide weekend data (Saturday and Sunday). The official market time zone is used to determine what data is included in "weekend data". Daily Data: When this box is checked, non-intraday candlesticks (open, high, low and close information for daily, weekly, monthly and yearly time frames) will be created based on intraday data only during the time period and time zones selected. Warning: using intraday quotes to create daily timeframe and higher candlesticks may reduce the amount of historical data that can be displayed. Historical adjusted to dividends and rollovers These options are used to adjust historical data after dividends for stocks or on rollover for continuous futures. Adjusted historical data is used in technical analysis to remove gaps that cause disturbance in trend lines and technical analysis indicators. Our data maintenance services constantly monitor the markets to detect these dividends and rollovers in order to make these adjustments to historical data. If you have any suggestions of features that you would like us to cover in future from the platforms that IG offers we would love to hear from you. For more information on ProRealTime platform kindly visit and click this link: Trading Platform PRT All the best, MongiIG
    2 points
  8. Thanks for the information! You helped me so much.
    2 points
  9. Interesting posts and comments. Started trading (Tech) about 1 1/2 years ago by training my brain as a share dealing neural network i.e staring at screens day after day. At the end of my first year I was up 101% making well into six figures, the following six months there was a correction and my return dropped to 75%, though the capital investment was higher. The anxieties induced by volatility were too much for me, e.g. if i exited a position and it went up or entered and it dropped i would critisise myself and hence came to the conclusion that day trading/swing trading wasn't for me as my temperament is more as an investor than a trader. Since taking that approach i am a lot happier. Below is a summary of my experience a) Share prices have no inertia and hence they operate in a manor that the human brain isn't suited too hence computers would be better for short term trading. b) You are competing against computers and institutions that have a massive advantage over you, you are probably not going to win. You therefore need to understand how they work or play in a enviroment they have little interest in. c) At first i watched all the news programs and took note of the 'experts', it took me 6 month to realise that news opinions are a waste of time, and most experts don't know what they are talking about (assuming their opinions where their actual opinions, of the 18 expert predictions i noted down not one was correct) d) You need to find what type of time frame you are comfortable entering and exiting in. E.g. If you are predominantly a natural investor there is no point trying to predominantly day trade and if you are predominatly a natural day trader there is no point trying to predominatly be an investor. e) Have little confidence in techicals, fundimentals are far more important.
    2 points
  10. Hi all, It seems that the issue is due to an update that happened on that day and over the weekend for the demo account server. The IT team is still working on it as the ticket is still in progress. Thank you - Arvin
    2 points
  11. Hi all, The IT team is working on a fix, the incident has been raised yesterday under the reference INC0585130. We will keep you updated as soon as possible. Thank you - Arvin
    2 points
  12. @ArvinIG More info although your tech team should be gathering this info.... Demo 1hr chart working OK : * indexes * commodities * Fx * crypto * some shares TP ICAP, GAMMA COMMUNICATION demo 1hr chart not working: * Barclay's * Lloyd's * Tesco * Amazon * Tesla * many others
    2 points
  13. Demo account not updating correctly since Friday 24th Sept, Real account appears OK. Attached image for 1hr interval with no price since Friday. Can you resolve please? Android IG App version 3.61.1
    2 points
  14. I can confirm that charts work on 10 second timeline. but no other timeline is working. I'm using ProRealTime to do paper trading with IG now, evaluating it in that way. No chart issues there, but I'm having issues setting spread bet size of 0.6. In ProRealTime I cannot figure out how to do that. So I need to open a position in IG web platform and then switch to PRT. PRT looks so old and outdated but the chart in it self is pretty **** good thing. I've folen in love with it. It has some pretty good features (I use TradeView as well). But overall not that happy with IG, still not out but not going to go live either. Not until I gain some confidence in IG support and see some client care.
    2 points
  15. It looks like it is an issue with demo accounts, as I'm also evaluating IG before I invest. ArvinIG, is this something you can try, see if charts are working on your demo account. I'm a software developer myself so would not approach you if I couldn't resolve this issue myself. Charts are working fine in ProRealTime but not on IG web platform iOS app or Android app. Now you have a second user confirming the same issue. Therefore in interest of IG it would be preferable that you raise this issue with technical team and resolve it for us. I see no need to chase for resolution if you as a company are not interested to do so. So far happy with the platform but this issue is a deal killer.
    2 points
  16. Thank you DavyJones for this nice and objective post. I did FOREX trading 10 years ago, had no idea what I was doing, and lost money. Now I am returning and want to day/swing trade. Your post has a lot of things that resonate with me. It has been over 12 months since your post, I wonder how you are going with it? Would you like to share some of your thoughts? I am also looking for a day/swing trade community that trade in the Australian timeframe. Any suggestions?
    2 points
  17. I have a similar problem with no data showing between Friday and the current time. I have twice sent emails with attached screen shots to the helpdesk and all I've had in response is an automated acknowledgement. I joined IG to evaluate it for trading. This has failed my evaluation and I'm out. How am I supposed to risk my money with this level instability and support. Sorry!
    2 points
  18. I got a strike last time for swearing. So I will keep it clean......... this time. Currently 200 vaccinations down another 325 to go...... My bosses better give me a pay-rise for all this work. Because I am busting my ****-offf here !! I have aged at least 8 years with a growing pot belly. I am only 32!! On Fridays, I usually stay at home, generally looking like a homeless person in sweatpants. In between catching up on much needed sleep whilst my 3 yo naps after bouncing at the trampoline park like a gummy bear and wrestling with her to get some E45 lotion on her eczema, I sit and watch her play or watch kiddie shows with dinosaurs with her ( its a phase ...... i like this phase.... I am quite happy sit there and learn about the history of the cretaceous period whilst she tries to pronounce words that with 4 to 5 syllables) You see , kids are like sponges ; they know nothing about the world and will absorb everything and anything you teach them. This curiosity gets lost as we grow older and more cynical. It is more a function of life lessons and interactions with other people . As I watch her, I find there is a curiosity to her. She wants to know everything, constant questions many of which I have answers to but a few of them I don't. In my time with her I also notice that there is a playfulness she radiates with respect to the way she asks questions. There is no pride, no anterior motive, no conflict of interest , the girl just wants to get an understanding of the world around her. When trying to " crack the code" of financial markets I have found this perspective useful. Curiosity and the willingness to learn from others with the objective of gaining better understanding serves well in this field. Sir Isaac Newton put it best ......" I do not know what I may appear to the world, but to myself I seem to have been only like a boy playing on the sea-shore, and diverting myself in now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me" .....How simplistic yet elegant........... No gin today. It's 8pm in Cambridgeshire, I'm in a pub, heavily caffeinated. On to markets.... If you recall in my post below 👇 I warned about chasing prices higher. I also updated members of a facebook group I am part of my observations on the DOW on the same day here.👇 How did I know a correction was the higher probability outcome ?? I didn't , I just did what the data told me to do reduce exposure.... If there is one thing I learnt from the man who's process I used as a template for mine; the ever so bombastic , no nonsense and forever jovial Keith McCullough head honcho @ Hedgeye it is this ; sometimes in markets you win when you don't lose money when everyone else does. I am forever grateful for all his lessons. So whats next ?? Again I don't **** know but what I can share is a few more observations from my tools. Ready ? Here we go !! As part of my trading process, one metric I check regularly, is the "market regime" of any instrument before I trade it . The blue chart is a measure of the rate of change of of the the autocorrelation of an asset with respect to their returns based on a time (t) and the red chart at the bottom is the price. I find this very useful as a tool to gauge how extreme the auto correlation function of an asset is . If you don't understand it, don't worry. It took me 6- 8 months of deliberate study to get my head around the idea ( then again I am as dumb as they come so it may take you 5 mins hehe) . Simply put, opportunities avail themselves at extreme pivot points. In other words, not all price changes are tradable. I also view market movements as though they are mathematical and visualisation problems . I find it extremely difficult to trade signals and chart patterns on the fly as well as intraday so I try to think about markets in a " price regime" sense. Shout out to Darius Dale of 42 macro for this! I find that being able to visualise a market in one of three regimes ( Bullish, Bearish or Neutral) allows me to quickly determine wether an idea is worth investing/ trading or not . See chart below. Top = price , bottom = returns ti From the above observation, we can see that the FTSE is now in a neutral price regime with returns since May 2021 in bearish territory. Looking back alarm bells should have been ringing from mid September because that was the initial point in time where returns turned negative and most importantly STAYED NEGATIVE! Could things reverse ? I dunno maybe but what I am looking for to have higher conviction in the FTSE will be; a) Better macro economic conditions ( Energy Crisis resolved, better economic data etc) b) A rebound of the returns towards positive territory. c) A change in the price regime from bearish to bullish. d) Most importantly, a bearish VIX I would be happy to deploys some capital on the long trade if at least three out of those three conditions are met. These tools are one of many tools I employ to better understand and appreciate the complexity of markets in the sense that I want to see the sequence and regime shifts as they unfold. It's not easy but with a little effort, a few sleepless nights, trial and error anyone can do it. Looking ahead, I am starting to warm up to the view that global growth may start to reaccelerate at some point over the next 2 quarters. Given that we are currently in the midst of an Industrial Production slowdown. This is based on the work of Lakshman Achuthan at ECRI macro research. In his observations, he highlighted that the conditional probability of equity market corrections rises when the overall global economy transitions into a slow down. We can see this in China for example. It doesn't mean everything is going to hell in a had basket ( policy makers will not permit this due to various pension obligations) . What it does mean is that corrections like these give investors an opportunity to take new positions that have better risk rewards. So do not think of this correction as a set back but rather an opportunity. Spoil yourself with trade ideas, start looking to implement the trade ideas you have on your watchlist because this will turn out to be an opportunity in a few months from now. Thats all for now.... Take Care.... Before I forget..... Here are a few resources/books that I found useful in my journey to better appreciate the ever changing nature of financial markets ; Misbehaviour of markets by Benoit Mandelbrot ( I still don't understand fractals but appreciating the importance of volatility is very powerful , Algorithmic Trading By Ernie Chang teaches various mathematical principles and ideas that enable you work smarter rather than working harder, which is a principle I picked from Anton Kreil , Introduction to Fractional Calculus ( wikipedia will do ) , Interviews with Benoit Mandlebrot on youtube, Darius Dale and his educational videos on youtube, Keith McCullough educational videos ( Often quite funny , the man is a good teacher) Interviews with Anton Kreil from ITPM which are on youtube and based on day to day principles for capital preservation ( this man started me on this journey and taught me the importance of getting perspective ) , plenty of caffeine , tears , gin and a lot of patience. Thats it from me .... time to leave the pub. PPS follow me on twitter for more observations.. we have created a new page https://twitter.com/lcrm_r?s=20
    2 points
  19. GBP/USD PRICE, CHART, AND ANALYSIS: Interest rates to rise in 2022, boosting Sterling. Hard data remains key in Q4. The era of UK Quantitative Easing (QE) is coming to an end and the Bank of England (BoE) may well start increasing interest rates in early 2022 as inflation begins to stalk the UK economy. The UK central bank will finish its GBP 895 billion bond-buying spree by the end of this year, effectively tightening monetary conditions and setting the course for higher UK interest rates in 2022. QE was introduced in response to the global financial crisis of 2009, with the original size of GBP200 billion increased a total of five times over the next 11 years to its current total. The bond-buying program effectively lowered UK interest rates due to it adding liquidity into the system, and the reverse now looks likely when the program ends. Money markets are currently pricing in a 15 basis point interest rate hike by Q1 2022 and another hike of 25 basis points during the rest of the year. It now looks as though the Bank of England will be one of the first major central banks to raise interest rates, underpinning Sterling. Keep up to date with all market-moving data releases and events by using the DailyFX Calendar The UK economy is in a tricky spot right now, with growth stalling due to the remnants of the Covid-19 lockdowns flushing through the system, while supply bottlenecks are becoming frequently cited by businesses across the country. And with price pressures on the rise, the dreaded word ‘Stagflation’ is starting to make an unwelcome comeback. Annual UK inflation is currently running at 3.2%, above target, and is expected to hit in excess of 4% in Q4 before fading back to target. However, as has been seen in the US, transitory inflation can easily become sticky inflation and this would pose a problem for the MPC, especially if growth continues to slow. The UK jobs market remains a bright spot for the economy with around one million jobs available, the highest level since records began. Recent ONS data showed 1,034,000 vacancies between June and August, nearly 250,000 more pre-pandemic job openings, while the unemployment rate is estimated at 4.7%, just under one percent higher than pre-pandemic levels. The effect of Brexit, with large swathes of younger people from the EU who worked in the hospitality sector leaving the country, and the Government’s furlough scheme has left employers scrambling around to find workers, with the resultant hike in wages likely to feed through into inflation in the coming months. The furlough scheme is currently expected to end by September 30 and the resultant flow of workers may help to fill some of the available positions, but with the economy still expected to grow at a decent rate going forward, the jobs market may remain tight in the months to come. We have been fairly constructive about the British Pound this year and see no reason to change this fundamental outlook. The covid-19 vaccination program has been a great success with nearly 90% of the population over 16 years old having had at least one dose, while 82% have had two vaccinations. New cases and fatalities however remain unacceptably high with the expected downturn in both not seen yet and these numbers need to drop sharply and stay low before the government can highlight the success of the program. The British Pound is likely to push gently higher against a range of other currencies during the final quarter of this year, boosted by this vaccination program, the expected interest rate hikes in 2022 and a strong domestic economy. What is your view on Sterling – bullish or bearish? By Nick Cawley, Strategist, 20th October 2021. DailyFX
    1 point
  20. All the best - MongiIG
    1 point
  21. Looking at us500 the last few weeks shows there are small swings that you could potentially trade on but the stop needed would be very different to if you were aiming for the highest high. I've tried to show these minor swings. I think the only thing to do as you've said in the past is to split the lots or have multiple positions, one with an agressive stop and the other less so to give the market room. I just need to pick something and stick with it. I don't know how you do this full time, well I sort of do given this thread but hats off to you. Really I want a computer to do it all for me so I don't have to tie my brain in knots over it.
    1 point
  22. Hi @AndaIG Thank you for this, I will give it a go! Cheers Graham
    1 point
  23. Sold it off, good enough R value for me. Looked like it was losing steam. If it retraces a little I might look to come back in. But the market hasn't been so bullish in recent weeks so could be risky. I guess we will see how it shapes up
    1 point
  24. My stats for the last month. Am I doing this right?
    1 point
  25. I'm up 5R on US 500, but do I know how to manage the trade from this point, not really. I'm very good at keeping the stop distant hoping for greater recovery and then throwing most of that away when the market turns. As has been happening recently. It's tight or distant or sell some of it off.
    1 point
  26. It's making me realise it's one thing to see a potential setup and another to manage the trade if it doesnt shape up the way you expect so that's something I need to figure out. I agree on the stop value, I've used similar but if you're expecting a move that lasts several days the trail needs to be considerably wider and then when it doesn't move off the way you expect it's more about damage limitation which for me means switching to a shorter time frame and trailing closer. Basically I think my point is that managing your exit is more important than where you enter and you need to have a plan for when it doesn't go according to plan!
    1 point
  27. HI @Kostas, Thank you for your feedback it will be forwarded to the relevant department. All the best - Arvn
    1 point
  28. Here is one Kafkaesque investigation which has resulted in the Lockdown King being issued by Victorian Police with two infringements valued at $200 each for breaching the state's mask mandate on both Wednesday and Thursday this week. https://www.9news.com.au/national/victoria-police-reviewing-why-premier-daniel-andrews-failed-to-wear-a-mask/6714112c-ca22-4538-8f38-57c76b8dea5f
    1 point
  29. Hi @Chezan, In the UK you can trade US stocks. You will need to complete a W-8BEN form (5 minutes) from My IG > Settings > Dealing US stock : I hope that it helps! All the best - Arvin
    1 point
  30. Well done Josh Mahony , saw you on Yahoo finance today . I managed to get caught out on that Gas pull back. have to say wasn't expecting that. Nice interview ATB
    1 point
  31. I like to use the above spread betting strategy eg on a stock I have followed and researched very carefully which appears to have significant upside and limited downside and as a way to profit from multibagging. However it’s extremely fiddly to enter the trades 1) Ig does not automate eg placing a £60 max loss bet using a £300k underlying with guaranteed stop nor does it make clear the maximum guaranteed stop amount for the stock at each price. 2)So a stock trading at £8/800p would require a bet of £375 per point and a guaranteed stop at £6.72/672p. 3) But the maximum bet at each price may be £25 so this would require 15 trades to be placed at incremental guaranteed stop prices. 4) in order to reach an average guaranteed stop of 672p placing of those 15 trades would be very fiddly to work out what stop price each should be placed at… so couldn’t Ig automate this?
    1 point
  32. Natural gas pullback brings potential buying opportunity Natural gas has seen a rare pullback this week, but the ongoing uptrend and expectations of rising winter demand signal a potential buying opportunity. Source: Bloomberg Joshua Mahony | Senior Market Analyst, London | Publication date: Thursday 30 September 2021 Natural gas on fire over the course of 2021 Natural gas has been one of the biggest outperformers in a highly volatile commodity market, with the energy markets really gaining traction into a crucial winter period. Demand is likely to continue its uptrend going forward as temperatures drop, with the chart below highlighting how we typically see residential consumption surge over the winter period. Source: US EIA Meanwhile, that rise in demand puts pressure on supplies, with any ongoing struggles from a supply perspective likely to dial up in the coming months. Source: US EIA Pullback brings potential buying opportunity The wider chart highlights just how impressive this bull run has been, with the price of natural gas bringing us into a seven-year high. While we are obviously heavily stretched, it makes sense to expect this to continue until price tells us otherwise. Source: ProRealTime The intraday chart highlights how we have seen a sharp decline this week, providing a potential opportunity for bulls. A break below the $47.60 level would bring a more neutral/bearish outlook for the near-term. However, until that happens this latest 61.8% Fibonacci retracement provides us with a potential buying opportunity within a remarkably reliable uptrend. Source: ProRealTime
    1 point
  33. Now seems to be fixed for me.
    1 point
  34. Comparison between performance and creation/redemption of securities 1- Between 01 June 2021 and 18 July 2021: - 3LRR value per ETP went down by 53% (from GBp 0.93 to GBp 0.44) - the number of outstanding securities increased by 82% (from 1,273.5 million to 2,313.5 million) 2- Between 18 July 2021 and 29 September 2021: - 3LRR value per ETP increased by 300% (from GBp 0.44 to GBp 1.75) - the number of outstanding securities decreased by 57% (from 2,313.5 million to 1,013.5 million) The change in number of outstanding securities was not the result of the activity from a single investor. Instead, it came from a multitude of investors who were able to able to detect the potential rebound for Rolls Royce stock price and decided to express their conviction by using 3LRR. Such investors managed to lock in strong profits over the quarter. Past performance is no guarantee of future returns.
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  35. Hi @ships1980, You can try to reach out to webapisupport@ig.com , the API support might be able to help you. All the best - Arvin
    1 point
  36. Hi all, As mentioned above so far IG and TradingView have a promotional partnership to access TradingView Pro + accounts. I will forward your feedback on the integration of TradingView Charts, we are aware that it is a feature that is highly requested. Thank you - Arvin
    1 point
  37. Hi @BigManDave, It seems that you are referring to Wednesday 29 Sept 2pm. Could you please clarify when was your position open? It seems that after that it hasn't reach the 17090.3. Thank you for clarifying - Arvin
    1 point
  38. I sent an email earlier and received the following reply in less than an hour. It seems it only affects Demo accounts, which is a bit more understandable... Dear Mr Parr, Thanks for your email. Our IT department has already been made aware of the missing candlestick dates on certain assets for our demo accounts. The report number for this case is INC0584768. Apologies for the inconveniece, please note that we are working towards solving this issue as soon as possible. If you have any further queries, please do not hesitate to contact us. Regards, Renata R Trading Services IG
    1 point
  39. Interestingly enough I've been doing some digging (I'm also a software man! @Burim) and with the stocks that have problems they exist for any periodicity down to 1 min. If I select 10 secs or less it's okay (although, of course, you can only see a relatively short period of history) unless I select tick and then it just seems to hang. So at least I can select 10 secs and get some idea of current movements. Any periodicity above that doesn't work. And you're correct; as I'm evaluating I am, indeed, using the demo platform. But it's not much of a demo if it doesn't work.
    1 point
  40. Okay.. Many thanks for that and thanks for the explanation this morning. Regards ATB Luigi.
    1 point
  41. Indices stage a further recovery A revival in risk appetite has seen indices across the globe rebound from the lows of earlier in the week. Source: Bloomberg Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 22 September 2021 FTSE 100 The FTSE 100 has continued to make headway after a choppy session yesterday, during which it managed to find support at the 200-day imple moving average (SMA) of 6897. The price has continued to climb, recovering 7000, and now it targets trendline resistance from earlier in the month, coming in around 7050. With daily stochastics crossing higher too it looks like the buyers have re-established control in this market. Source: ProRealTime DAX This index finds itself some 400 points higher than Monday’s low, with a recovery apparently firmly underway. The stout defence of the July low left sellers unable to push the market lower, and instead a rebound has developed that could now begin to target 15,800 in the medium-term. Source: ProRealTime Dow US indices have been more hesitant thanks to the Federal Reserve (Fed), but Dow futures are showing signs of recovering as well, moving back above 34,000. Now we look to see if these small gains can hold as markets await the Fed decision, and whether they can move higher once the decision is out of the way. Source: ProRealTime
    1 point
  42. Thanks again THT, Been looking at the 50% levels on s&p500. Quite a large retracement like FTSE. Went through two of my 50% levels from prior swing lows but right now seems to be turning on the 50% level of the 3rd prior daily low, we shall see. The more lines you draw though the more likely price will turn at one of them of course. If you do get false positives it would be nice to not lose money but that assumes you've already moved stop to break even and I find you can't do that too soon so sometimes I do lose and hope the accumulated losses can be made back so long as the market gets back to close to the former high. I'm not thrilled about having to rely on that fact but what else do you have to go on..
    1 point
  43. OK FTSE100 over the past week or so - Daily chart Triple top caused the decline - target IS/WAS the swing low labelled #2 (see tip below) From the TT market fell, found support at guess what? A Gann 50% Gravity Centre - shown you enough of these to prove they work - If the level IS going to work price does NOT faff on or around the level for more than a couple of price bars, the faffing of the last weeks price action suggested the level was redundant When you get clear sideways price action that can form a neat box around it [box not shown] then you can set buy and sell orders at either ends of the box with a target of the size of the box height either way, that was hit to the short side We now have a Triple Bottom formation - As it stands right now, the WEEKLY chart Indicator is oversold, the DAILY chart Indicators are oversold - this shouts that a bounce of some degree is highly probable/likely once a formation shows up IF a Triple Bottom is happening then the Initial target is the high or see hint below - of the triple top swing point, if that does happen, then it will ALSO be a Gann 4th Time Lucky attempt and we'd expect price to go through that point - as we are making an assumption before a bottom has actually been confirmed this might be wishful thinking, but it's what is going through my head as possibilities Regardless of what actually does happen - there's a bounce of some degree going to happen, this bounce may or may not yield further information on trade potential going forward - That bounce should happen sometime this week and possible into next - This bounce ideally will form a Gann secondary reaction as that is a rule and a condition of ultra high probability of higher prices, anything other than a clear cut gann secondary reaction is a warning REMEMBER I am only expressing my thoughts - price action might be ultra bearish and just collapse, if this happens then most of the above will need to be reassessed and evaluated based on price action of the market, but as it stands at close of business 20th Sept, the above is all relevant until price action proves it wrong You can place a box around this sideways movement of the past few months back to MAY '21 as any bounce which produces the swing file line to print (this is a 4% swing file), will also trigger the potential for a Gann 4th Time lucky SHORT trade - if price action does NOT print the 4% swing file line then the short gann 4th time lucky is STILL a potential - but its nicer when everything fits I'll keep you up to date as we have multiple markets moving into possible trade positions HINT: If you've followed this thread, you KNOW swings sometimes EXCEED a prior swing point or Come very close to the previous swing point but just SHORT - It is perfectly OK to have your target at the CLOSE of the previous swing point in question, this is often higher than the low and just observe how often the market reaches the closing price of a prior swing and then turns! You could have the target anywhere on the price bar that formed the price swing low point, but often the high to close of that swing low bar will catch the reversal turn - applies to swing high points too REMEMBER - we're NOT looking at price action "square on" If we were, all those arches would be pretty similar and massively tradeable - price twists its way through our vision on a 2 Dimensional chart, hence all the just "exceeds" and just falls "shorts" swings make Indicators and price "bounces" - when watching an Indicator and a price bounce, the price bounce HAS to be bullish and relevant in accordance to the Indicator - Look at the prior swing lows #1 and #2 - the bounce followed by the small retracement of the bounce gave you the heads up - this rally and retracement were Gann Secondary Reactions! If when the Indicator turns bullish price is lack lustre such as price action on the 50% line of the past week, it is a warning that the reversal is not on - We KNOW that with the right Indicator settings and when the trend is bullish, price and the Indicator follow nice bullish rhythm's, anything different and its a warning and remember that PRICE rules over Indicators Swing low point #2 - Take a retracement tool of the bull upswing up to swing high #1 from the low of upswing (this upswing was a Gann Secondary Reaction trade too) - price stopped over 1 pt, 1pt! of the Gann 50% level of that swing - the stop would have been 30 pts to make a potential 370 points!!!!!!!!!!!!!!!! or 12R Remember we cannot predict these turns will definitely happen, that is impossible, but we do know if they do happen then make many R profits and that they do often happen, which is why you have to walk in front of the bus as very few traders have the **** to be buying long as the market tumbles
    1 point
  44. Ok thanks, i must admit i haven't looked into how Options work exactly but worth doing.
    1 point
  45. Sprott Physical Uranium Trust Fund Toronto Stock Exchange (TSX) Tickers U.U ($US) U.UN ($CA) I'd like to trade these in my IG ISA account, Thanks!
    1 point
  46. For whoever is interested in the official document grouping the fifteen laws regarding bitcoin in El Salvador, here is the link to the document from their parliament's website. https://www.asamblea.gob.sv/sites/default/files/documents/decretos/27B82BC1-1683-4BEF-94FB-9A6DAB1F08CF.pdf In case you would like to translate it into English, Google translate offers a quick link at: https://translate.google.com/ From what I've heard and seen in the news, the initial proposal seems to be ambiguous in many terms and people are sceptic to adopt it. Apparently the government allows people to use their bitcoins only if they move it to the official wallet first (chivo wallet app), linking their identities to it.
    1 point
  47. Hello, I have looked at your help sections and found what I wanted in regards to "A trailing stop". Following these guides however it is not there on the share dealing platform. On the spread betting and CFD accounts, there IS the ability to set a "A trailing stop". However this feature is NOT available on the share dealing Platform. Please correct this error and let me set a "A trailing stop" on my shares, thank you, Kind regards, Chris Shayler
    1 point
  48. Mine was resolved recently. Nationwide had made a mistake - IG hadn't cashed the cheque that was sent to them. They were able to cancel the cheque and restore funds in my ISA so I could transfer this elsewhere. Throughout IG customer service had been a nightmare - repeatedly web chat promised to come back to me by the end of the day, but never did so. Putting the problem back to me to resolve. Refusal to escalate. On the phone they said they had just received the funds and will be credited to my account in 24 hours (untrue). Knocked my confidence in IG enough to transfer elsewhere, which is a shame as the ISA product is perfect for me (flexible, £3, lowish fx), and there isn't really an equivalent elsewhere with these features. I have a large spread bet position with them which I feel worried about now given what happens when there is a problem. Good luck with yours!
    1 point
  49. Forgive me if this is published somewhere but couldn't find any reference to it. Although IG do not allow me to borrow shares to open a short position in my share dealing account do they lend my shares to other brokers or market makers for shorting? Theoretically they could and would be an additional revenue stream for them.
    1 point
  50. For investments (share dealing ) I do, e.g I bought easyJet months ago and will sell next week as I think its no longer worth holding and prices have stabilised. Others like Zoom are just riding on hot air and the minute it drops I will sell immediately, the fundamentals of that company are shocking and its riding purely on speculation in my view And then I hold shares like Coca Cola where you can safely put them in the box and ignore for a decade For actual day / swing trading I don't read news. I did at the start but I found the problem was that there was just so many moving parts that its was a mess, I was **** about face, jumping back and forth 2nd guessing myself all the time I majorly cocked up twice, once with Hertz and then again with wirecard. I got caught out as although there was a massive sell off and a bounce back, I bought at the wrong time and got hammered, I sold out at a 70% loss whereas if I held a few days it would have made a50% profit. I am staying out of that game for good now. I am trying to take it from the group up, understand price action, strategies, entry exits , limits stops order types etc, Then I will take it up more by adding news feeds, deeper analysis, market sentiment and so on. As for news specifically I think it's worth having twitter or any decent news feed, for major or catastrophic events like bankruptcy, political, company news. One must remember that every indicator we look at has some form of averaging and smoothing going in. A sudden news release and it completely trumps anything in the charts. An indicator can't react fast . In this way I prefer IB platforms TWS rather than IG (I use ProRealTime) as the software has decent news feed. IG's PRT doesn't but the problem is you can't spread bet on IB.
    1 point
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