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  1. 3 points
    Which means if you bought at any time other than those 87 days in the 10 year history, you'd be making money. BTC $50k within 18 months. Whoop whoop. Set your alerts.
  2. 3 points
    @Bell, yes it would be nice if the phases were evenly spaced as in the diagrams but that's not real life of course. A strong break out with volume indicating the opposition have been cleared as you say is favourite, I've got one with volume I'll add it below. The retest or at least an attempt to retest will come and when that pullback fails is as sure a trade as you'll find, those attempts at breakouts while in consolidation though can get messy and often snare and trap the unwary.
  3. 3 points
    @nit2wynit, here's a test you can do, open up the demo on one browser page then open up the live platform on another browser page. Set them both upside by side on ftse 1 second charts and watch; they move identically. But more importantly see how fast price changes and how frequent the gaps are, this is what you are trying to trade. Going back to the other thread where you posted the day's demo trade history. Just looking at the ftse trades you are using large size to make just a couple of points, that would be hard enough using a price ladder or a tick chart but if you are using a candle chart ... well, just look at the top picture again. Yes it's a lot easier on demo because size doesn't matter, but it does on a live chart, you are constantly aware that a fast 3 tick move against you on top of the spread puts you seriously offside in the space of a slit second, that makes you jumpy, no wonder you made yourself sick. You say you dropped down in size after losses but it was too late by then, once the confidence has been wreaked you need to stop and look back at the plan. Starting off on the live platform with large size with a strategy that needs very quick reactions just causes anxiety driven decisions and they don't tend to work out to well.
  4. 3 points
    I have found that if there's going to be a short squeeze, Tuesday is the most likely of days for it to happen. They're not called "Turnaround Tuesdays" for nothing
  5. 3 points
    Interesting reading, interesting thoughts, Trend and Casey interesting banter. Great work @TrendFollower on keeping your word and staying clear of @Caseynotes who seems to love to Troll you. I been in this group for a couple of weeks and already worked out Casey was hot air blowing about every post before i read this post, but nice to see my thoughts were correct. I was hoping to find like minded people who worked together in this group and would be happy to share ideas and stories both good and bad so others may learn and every body gains a benefit . The constant pointing to information from Casey seems to prove they have a lot of Bookmarked sites but maybe they dont understand the information? @dmedin I found i could make so much more profit in a Demo account than Live trading due to the Demo always letting you buy the trade at the Price on screen, compared to slippage in the Live market, the spread points on buying and selling seem less forgiving in the Demo than Live trading, on that fact alone my proven demo strategy's when i 1st started out have fallen over not allowing for the points difference and costing me in the long run. So i dont agree on that its rigged, its a false sense of security maybe as it plays a little nicer than the real market. I know i tended to play the demo far more risky as it wasnt real money, it wasnt my money, so the emotional thoughts arent as strong and you can be far more flippant in the Demo, making you feel more empowered before the Live system eats u up and spits u out.
  6. 2 points
    Unfortunately i am no longer able to continue giving these updates. Alas our fun journey ends here, my fingernails are intact @Caseynotes, lol I will be here still in the forums. Thanks all for your input. DJ
  7. 2 points
    Hi Caseynotes Thanks a lot for the reply, I found your post very useful. Cheers
  8. 2 points
    No problem @gautamhait, looking at the Gold hourly chart below you can see price has nudged hard up against resistance at 1400. If you look back the largest blue breakout candles occurred at 1:00 am and 2:00 am (UK time) on Thursday and Friday, it would not be unreasonable to expect another attempt to break above 1400 around that time on Monday morning so a stop entry order above 1400 looking for price to attempt a retest of the recent high 1411 would seem in order. I would keep the stop loss tight as 1400 is make or break so just beyond the red trendline would seem reasonable, if 1400 were to hold and the trendline was broken I wouldn't want to stay in a long trade anyway.
  9. 2 points
    There is never a dull moment in the lumber market. Have been sitting on a considerable drag on my numbers with Lumber, as it wobbled and dropped to the 30000 mark. I called Lumber at 34000 May 2019 and was left scratching my head trying to understand what exactly is fair value. However, Lumber is slow to grow, until it's not. Upshot being Lumber has quietly grown 35% over the last month, turning red numbers green. I know Crypto's have bulled higher but Lumber has recovered it's value. And some. Perhaps overly so, as most markets tend to over compensate, both positive and negative. The timing of which still serves to confuse, which must be on account of my novice status.
  10. 2 points
    The rules for a system don't have to be extensive because really there are only so many ways a trade can play out. Before that though you must decide what type of trading system the rules are to be applied to, the broad basics, swing or reversal or day trading, that list I posted recently in the Technical Analysis thread covers it. So you have already decided type, time frame, time to trade, amount to risk etc well before looking at the charts. Then it's just a list of simple rules to govern the actual trade, if this happens then I do that, that are applicable to the type of trading you have decided on. For example, I will enter long if ?MA crosses above ?MA when both are above the upward sloping long term ?MA. I will set a stop loss at the most recent swing low. If the trade progresses the ?MA will act as my trailing stop and I will exit when price closes below it. It really can be as simple as that, if it works on demo over 20 trades (has a risk/reward ratio and win rate plot on the profitable portion of the graph (ask if you want to know more about this)) then go ahead and trial it live at minimum size. So with rules in place all you need to do is act the robot, follow the rules and keep the emotional wreak you really are well away from the decision making process 🙂
  11. 2 points
    Missing an entry; http://yourtradingcoach.com/trader/the-hardest-trade/
  12. 2 points
  13. 2 points
    @nit2wynit, Absolutely. There is no place for 'luck' and 'hope' in trading. You are beginning to think on the right lines.
  14. 2 points
    From that example @nit2wynit how much are you betting per point? from $1 to $2 its 100 points of movement. If you had only used $1 a point you would make $100, but if you used $5 a point then you just made $500. Most markets have a bigger spread when they are closed compared to when they are open. I guess i never worried about the spread factor as much, if the item was worth $1 with a 3pt spread, then in the open market it would show a BUY position for say $0.97 and a SELL position for $1.03 and as long as i sold it on the other side of the $1 either way i was ahead. It looks like you might have got your answer above, i hope so mate. Best of luck with it. I still only see Nitwit, and laugh knowing its not that now, lol
  15. 2 points
    Oil volumes this morning are exceptionally low. Almost no sellers. Be careful in either direction.
  16. 2 points
    Silver has a lot of catching up to do so seems like a more aggressive play but with considering the risk/reward seems a very attractive trade on the 'Long' side. Gold of course is leading the way. When you look at the 'daily' it has broken out of a price range and there is a clear breakout. For those who are not trading Gold then I would advise to go 'Long' on any pullback as the next major move in Gold could be pretty significant based on this current price behaviour. I think the mere fact that the Fed did not raise US interest rates has boosted Gold and Silver and given a purpose / driver for this current move. I would suggest keeping a close eye on the US Dollar and Bonds to give a better insight into the future direction. Also political and economic issues surrounding the US, UK, China and India etc. will also give a trading perspective. Remember Diwali is coming so India should begin to increase its Gold imports. The middle class in India is becoming more and more affluent. So we may see 2-3 month period where the Gold price could potentially have a chance to appreciate. The danger with Gold and Silver is that the demand and appetite is not there compared other more riskier assets and therefore the actual big move does not materialise. That risk is very possible so stop loss management will be key in case the breakout does not lead to a significant move upwards in both Gold and Silver.
  17. 2 points
    @Caseynotes, yes i can change the size of the trades, the system is ran on a VPS so it can trade 24/7, in case i have power outage or internet down. @Foxy, yes it runs with MT4/5. I am using MT4 via IG @TheGuru12, i paid purely to remove the emotion from my trading. I have a day job which i enjoy, and this auto system works at night while i sleep, i woke up this morning to find an extra $170 in my trading account, who wouldnt like that? to create a passive income was my goal. Im sure they do use it themselves but saw it as a sellable item. Heres what it traded from lunch time wednesday to 7am thursday morning
  18. 2 points
    Mate that video is old, I seen it not long after it first came out in early 2018 and guess what, the guy is setting you up to sell you his own product, what a surprise! Yeah, all brokers are bad ho-hum. But the thing is small retail would never even get a shot at trading without them. But oh, they give the big boys a more personalised service, shock! Most small account traders are going to blow up their account themselves within 3 months anyway. Basic research would have lead you to discover mt4 was never written for mac though metatrader did write a get round, not perfect but as good as it gets, mt4 is 3rd party and not down to IG. Most of the 10s of thousands of IG clients aren't big fish though the few big fish probably put though most of the trading volume, that's just the way it is.
  19. 2 points
    It's a new feature that hasn't been completely rolled out on the demo platform, it's there for indices and fx but not on stocks just yet.
  20. 2 points
    Hi all - just a note that we've created a specific bitcoin halving events page which you can see here. This will likely be more for clients who are new to trading bitcoin with IG, or are newly interested in the bitcoin halving event which is likely to take place in May 2020. To make sure we've not been left out we have our own BTC log scale showing the cryptocurrency price over the last couple of halving events. Over the next 18 months or so we will be putting out a number of interviews, videos, podcasts, and content pieces which may be more relevant to those on Community. I'll make sure to update you all.
  21. 2 points
    This is a good article, 20 questions you need to be able to answer; 20 Questions For Help Building a Trading Plan System What type of trader will I be? Swing, trend trader, trend follower, day trader, Elliot Wave, Fibonacci, CAN SLIM, option trader, another, or a combination? What time frame will I be trading on? What are my trading rules? What signals my entry? What will signal my exit? Do I use a trailing stop or a price target to lock in profits? What will I be trading? Will I trade long or short or both? What is the probability of my trade working out based on historical data? What has to happen to invalidate my trading system and make me look for flaws in my thinking? Psychology How big of a position size can I mentally and emotionally handle trading? Does my chosen trading method fit my personality for activity and risk tolerance? Do I truly believe that my method will work and be profitable? Do I enjoy trading? Do I have the mental strength to persevere until successful in trading? Risk How much of my trading capital will I risk per trade? How many losses in a row with this level of risk will lead to blowing up my trading account? How much will I lose at one time if all my open positions go against me at the same time? How correlated with each other are all your open positions and your potential trading vehicles that are on your watch list? Do you fully understand the potential risk in what you are trading? http://www.newtraderu.com/2014/01/07/6072/
  22. 2 points
    https://github.com/tg12/SuperSmoother_example Some code for you to play with based on the Friedman's Super Smoother! Enjoy ;-) 
  23. 2 points
    @dmedin, I mainly use 'daily' charts for trading and will refer to 'weekly' and 'monthly' charts and also '4 Hour' and lower but my main focus is 'daily' charts. As you know I trade based on the direction of the trend based on a 'daily' chart. My positions can be days, weeks or months. I do not set targets in terms of how long to keep a position open or any profit targets. There is this notion that one must day trade or trade regularly using Spread Betting and that is simply not true. There is no reason why you cannot make more profits per month or per annum by simply holding your position and letting your winners run than entering and exiting trades as the more you trade the more the chances increase for you experiences losing trades. Don't get me wrong, I make losses all the time. My aim is to ensure I keep my losses to a minimum and I let my winners run and not to exit them too early. By taking profits too early you will miss the big move, the big trend, the big trade. I keep on repeating this but it is all about 'odds and probability'. If you trade in the direction of the trend and not against and try and identify the strongest trending assets and trade those then it tilts the odds in your favour and increases your probability of successful and profitable trades. Now whether you use a share broker account, CFD's, Spread Betting, Futures Account or whatever does not really matter. You must trade in a manner which puts the odds and probability in your favour. That is key. Once that is understood you will realise that having a trading system which can deliver a trading strategy based around this will help you on this journey. Also you must embrace and accept losses and try not to overtrade. Just trade the best opportunities. Just trade the strongest trending opportunities and trade in the direction of the trend. You will see it will make a massive difference to your profits at the end of the year. If you get a trade wrong as it goes against you then use a stop loss and exit quickly. Forget about it and move on.
  24. 2 points
    I am really not been funny here but we need to stop with the token spam. Not sure if anyone else is in agreement?
  25. 2 points
    Spidey-sense seems to be working. Silver has put in a decent Bearish drop, Gold also but less impressive. However now we are getting a potential reversal into a rally. There is PMD; and credible 1-5 wave pattern down to the turn (probably wave A) followed by a small 1-2 and rally. There is an unclosed gap around about a retest of the previous channel breakout zone. I am expecting a strong rally in wave B (opposite to that I see on stocks!) before another bearish move to finish off the retrace. Gold should do something similar.
  26. 2 points
    Coining it? Dull it aint. Bitcoin that is. 10% swings, often in a day. Pumping up the price and deflating it like a giant balloon. Price doubled in 3 months. But then again it did lose 70% of it's value in 2017. Definitely not a one way bet. Stability is not the watchword with blockchain currencies. Plus there is little or no rhyme or reason for the swings. Even if there are fewer and less frequent coins being created. Volatility is blockchain's friend. $10 000 BTC, (again?) why not? A $4000 BTC again why not? Glad it's not vegetables or ice cream though. Though it is in China (certain veg) atm. New currencies... so do you trust the ledger?
  27. 2 points
    By the way casey great to see the Wykoff chart on the thread - good stuff.
  28. 2 points
    The reason Silver is more attractive than Gold to me is twofold: It has not rallied as hard as Gold of late so offers more short term upside and less downside risk than Gold, relatively. In the past Silver has been seen similar moves to Gold but in a more amplified way. If you look at the 2011 commodities peak your will see that while Gold made nearly 700% gains Silver made 1100%. Maybe it is my Spidey-sense but I remain unconvinced we have seen a true breakout on either, despite recent higher highs. The rallies have been straight up, I will need to see a pull back or a breakout of a significant level, neither of which we have seen yet.
  29. 2 points
    @elle It's been a great week for Wall St. bulls that's for sure but I think you've seen the top for now, next week could be a different story, with a bit of luck the Dax will make a move and from here it doesn't matter either way cos 12100 is my pivot so up I'm long down I'm short. I'm just glad it's Friday it's been a bad week for a bears (and Foxy's) on the Dax.
  30. 2 points
    I see no reason to Hide any info, if some one can gain a benefit from the experience of others, then lessons are learnt/taught the world is a crazy place these days, its nice to have a group of like minded souls all striving towards the same goal. while i love my macd and pSAR indicators my emotions always get the better of me and ultimately i lose, over the last few years i have lost around the $50K mark not to mention (due to other circumstance) losing my Business, House, Car, breaking my back 2 years ago in a car accident in the space of 4-6 months, over all Bankruptcy saw me down over half a million dollars+. But i get up every morning , i smile and go off to work, i have a new passion, a reason for living, Life itself has been very tough, but i feel the light at the end of the tunnel is now growing , and Karma is seeing i get my lucky break due. I now use an Auto Trade System, its only very new to me, this has been the 1st week and then only 4 days of it working at full speed, im 3 weeks into it, the 1st 2 weeks were a trial with $500 and i made $42 in that 2 weeks, now at the end of week 3 and another $5k put into the trading account, im up $296. With very low risk factors, this has the potential to make a lot more per day/week, but $70+ a night while i sleep this week is a good return. Im going to graph up some info over this weekend, and i will be happy to share my results with any that are interested. (will start a new post with it.)
  31. 2 points
    Gold has arrived at an important juncture for me but before that looking at that I looked back at the long term charts to remind myself of the big picture. Unsurprisingly there are 2 scenarios (1 up and 1 down), actually a third which is continued consolidation (sideways) because in the big picture Gold remains in a long term consolidation Triangle, which is narrowing. This is significant as at some point Gold will breakout of this Triangle and that will signal the resolution to which of the 2 scenarios wins out. For my money it is scenario 1, a massive Gold rally in concert with a massive stocks Bear as Gold once again reverts to its historic role as a store of value in uncertain times, and do we ever live in such times..! Note under these conditions Gold can, and almost certainly will, go in the same direction as USD. So I am Bullish gold and given all the bullish chatter of late you might imagine I am happy. Alas I remain unconvinced of this rally and will not be so until there is a break of the previous high, around 1347, which we are very close to. Actually I really want to see a break of the upper resistance (LT Triangle line and potential H&S neckline breakout). The short term offers 2 scenarios as well: the first a break of that prior High and turn at 1347, the second that we are currently seeing a wave B turn back down to a final wave C bearish run of the EWT1-2 retrace and a test of the Fib 50% line (also Weekly chart Fib 23%) before the true rally gets going. I am minded to the latter unless or until I see a break of the 1347 high. Technicals: A-B-C retrace could be completed where I have marked Green A at 1266. A break of the 1347 high would confirm. If not then the retrace is a complex version and the market will turn before or at 1347 and drop in a wave C. The form of the rally is currently in an A-B-C, which is not motive, however a break of the 1347 zone will change this set up. There is an un-closed gap around the Fib 50% level. There is a pin bar and inside bar price action formation at the current market area, showing a potential turn once this is resolved. RSI and Stochastic are over-bought. There is NMD on the 4 hour and 1 hour chart at the pin bar high, although we could yet see another test of the 1347 level before this resolves. Note also that we have seen a reverse Death Cross (some call this a Golden Cross) but I would ideally like to see a cancellation of this and then a final cross to cement a rally. This will only occur if we get a big bearish move now followed by a wave 2 retrace turn into a very strong rally. I am not looking to trade the bearish move, I prefer to wait for the Bull rally triggers and prefer to trade this in Silver rather than Gold, the former having remained more subdued. Add to that the Platinum bearishness and I can't yet see a case for precious metals rally. I think we will see continued stocks bullishness for a while, albeit likely to contain a lot of whipsaw action rather than a rocket, which does not support a massive precious metals rally, yet.
  32. 2 points
    difficult to stay away I know, that's because it is a challenge 🙂. Just a note on the gold chart. Stoch is a leading indicator while the MA's are very laggy. so your arrow pointing to the start of a wave down for gold has been and gone, there was a pull back which stoch signalled the start of by dropping out of overbought but it's now in over sold so you should be looking for a long entry as stoch pops up out of oversold and heads back up.
  33. 2 points
  34. 2 points
    Sometimes these odd number MAs have been derived from a larger time frame chart. In the pic below are the M5 and H1 Dax charts, the H1 has a 20 period lwma which is a common use while the M5 chart has a 144 lwma, see how their positions roughly equate to the price on each of the charts. So traders on the M5 time frame charts will be seeing similar signals to those on the H1 charts.
  35. 2 points
    @nit2wynit First, find the direction of the day then use a scalping curve such as @Caseynotes has suggested but only trade in one direction that will keep your losses down and your head straight, if you have the direction right you will get a few good scalps and that's all you need. There will be pullbacks and corrections but these just reload your gun.
  36. 2 points
    @Bell I see resistance @25350ish on the Dow any higher than that and I think June will be a Bull month, it sounds daft but it does seem to work a little that way, month by month. We may even see the Dow get there tonight and that will be interesting for the rest of the week. It looks like I'll be up late tonight looking for that short especially if the Dow gets to 25350 then pulls back. I trade the Dax but the Dow is the Boss.
  37. 2 points
    Hi @CABBAGETREEPALM, yes the stop distance should be lower when buying, not sure which etf you are looking at but am presuming you are on the spread bet or cfd platform, in the example below on the order ticket once you have clicked Buy > entered size > entered entry price, then the platform should say what is the min stop level, how much is risked and the margin requirement. Also, if you are looking to hold for a longer period check to consider buying the Forward rather than the Cash to avoid the daily 'overnight funding' charges.
  38. 2 points
    GOLD - Read all about it https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdf
  39. 2 points
    With that said... it would be cool to have bidoffer spread displayed on the chart MT4 style, even if that’s only on tick/second/minute and when on line chart.
  40. 2 points
    https://www.politico.eu/article/german-spd-reels-from-double-defeat-in-eu-and-regional-vote/
  41. 2 points
    I don't know what expectations you had when you started David, mine were to make a lot of money and retire. That didn't happen. After a while I stopped trading, took a step back and looked at what was happening. I had none of the stuff mentioned above which are needed for success. What I did have were lots of trading websites, discussion forums, tips websites, news feeds and so on. A confusion of noise with no structure and no plan. If you decided to open a business you would have a business plan. You would probably open a business that you knew something about and had lots of experience in, or could hire people to fill the gaps. You would know how much things cost, how much you could charge, and what the likely market would be. You would do a lot more than that and still might fail for any number of reasons. Spread betting, or any other form of trading is a business. You need to know what you are doing, you need to do it consistently and you need to keep monitoring your performance. To make money you need an 'edge' - which is simply a strategy which over the long term gives you more in wins than losses. It doesn't really matter what that edge is, just that you have it and trade it consistently. You do not need, and should avoid, trading on anyone elses advice. As I write I have a long position on Gold. I could explain why and someone might read this tomorrow, think it sounds reasonable and decide to buy too. I mogt have sold by then and gone short. My advice would be worthless. If you want to make money here's how. Open a demo account, with a similar amount of funding to what you would have in a real account. Review what you already know about trading strategies and pick one that you think you understand. Research this and make sure that you know all of the details. Does it apply to all markets? Does it suit short term or long term trading? Why do you think that it would give you an edge? Write the whole plan down - preferably with a checklist of all conditions that need to be in place before you take a trade. Start trading it with the demo account. Keep doing that for months if you need to until you always stick to your plan. Review the results. Did you stick to the plan? Did you make enough demo profit for it to be worth your while? Keep going with this until you are sure, then start with a small trading account and see if you can still stick to the plan, and make money. As you succeed you can start increasing trade size or adding other strategies but slowly. Remember that the reason for doing this is to make money. If you can increase the value of your trading account by 5% in a year you are doing better than most savings accounts. 3% in a month doubles it in 2 years. Big wins are for adrenalin junkies. Steady consistent wins are for millionaires. Final thought: Spread betting is the hardest 'easy money' you will ever make. Michael
  42. 2 points
    @dmedin, In all of the humour added by @Caseynotes there is a very important point. A point that must be understood. First of all, spread betting is merely a vehicle to use to get to a destination. There are other vehicles available and it is your personal choice which vehicle you choose. For example if I want to invest in a company for the long term then I use a different broker to IG. If I want to trade a trend either 'long' or 'short' then I use IG's Spread Betting account. Why do I use Spread Betting? Well the two main reasons are the use of leverage and the other is that profits are free from Capital Gains Tax making it a tax efficient way of trading. Now the two reasons I have highlighted are totally irrelevant if you are either a bad trader or a good trader using a bad trading strategy when using Spread Betting. I will try and identify strong trends to trade using Spread Betting. Trading with the trend is crucial on Spread Betting. The stronger the trend the better. So it is not just about spotting a trend. 'Trend Strength', 'Momentum' and other indicators have to align to try and give you the best chance of a profitable trade. The amount of traders I have come across on just this IG Community alone that do not have the following is staggering: Trading Plan Trading Strategy Trading System Now without the above the odds are going to be against you and the probability of success diminishes. Also it is not just above having the three points above but they must be effective and efficient in trading the markets. Spread Betting is not gambling. It is merely a trading platform. Gambling is using trade capital to trade without an effective trading plan, without an effective trading strategy and without an effective trading system. It is the individual that gambles not IG's Spread Betting platform. An ineffective trader could invest thousands of pounds on a share in the hope that it recovers or goes up. If the share price continues falling and that trader loses thousands of pounds then it is the trader who is the gambler and it does not matter if they used a traditional share broker, invested via an ETF, bought a mutual fund or traded using a CFD or Spread Betting account. It is the actions of the trader that is the issue and at fault. Once you have a defined trading plan, a clear trading strategy which can be executed and a trading system capable of delivering the objectives of the trading plan then you will decide which platform or structure to use for your trading / investing. So the platform that you use will be dependant on your trading plan, trading strategy and trading system. Now guess what? If you have no trading plan, trading strategy and trading system then how can you pick the most effective trading platform to use? How can you come to the decision that a Spread Betting account is better than a traditional Share Broking account? How can you determine that CFD is better than a Spread Betting account? @Caseynotes, put the point across in a lovely humorous way and I have tried to put the point across in a more serious way and hopefully both will resonate with most types of readers here on IG Community.
  43. 2 points
    Ha ha, yes, exactly the same thing happened to me. I started a 4 year university course but realised I knew it all after the first year so I took the final exam and unbelievably I didn't pass. Clearly someone was to blame for this (other than me obviously) so I cast my eyes around and of course it must have been the college's fault. I mean all you have to do is take some indicators and chuck them on a chart and then pick out some pretty patterns right? I knew this would be easy for me as I'm good at spotting patterns. Clearly the fact that this approach failed meant the whole thing must be rigged. So next I scoured the internet looking for someone to tell me what to do and would you believe it but that didn't work either. The whole internet is telling me to do this or do that but when I applied these tips and tricks to the stocks I had carefully selected by chucking darts a stock page pinned to the wall nothing worked! I didn't realise I was competing in a two way auction, I thought I was just gambling like I do in Vegas where if the action is really hot and the big guys are throwing lots of money around and the spread is getting bigger and bigger then that is exactly the right time to jump in, boy was I suckered. It's not fair really as all I wanted, all I was trying to do, was to get rich quick, a very reasonable and quite simple goal really. The fact that this did not happen has made me sad and this has affected my relationships and it's all due to nothing less than completely unwarranted victimisation by the system I was trying to beat.
  44. 1 point
    Do the Academy. 300 point moves is high volatility which keeps the spread low unless it eats up all the liquidity which keeps the spread high. Large candles or gaps are an expression of high volatility and low liquidity. The Dow market open reference was in relation to periods where you can expect high volatility and low liquidity, same as during news events. Yesterday was a great leap forward on learning what spread meant in context to trading, keep it going. Do the Academy.
  45. 1 point
    Can't stand the torture any longer , must be some kind of trick question. So the cost of the trade is the spread, 3 points. You have entered at £5 ppp so the price to enter the trade is 3 x 5 = £15. That is taken at the entry so the trade immediately goes £15 into the red.
  46. 1 point
    @mykig I agree that successful and profitable trading is about increase the odds and probability in your favour when making a trading decision. This is why I would not advise trading against the trend and to trade in the direction of the trend based on the timeframe you are using. People mistake odds and probability with gambling and though both are used in gambling what makes trading different is that you have both fundamental factors and technical factors. You have access to large amounts of data and you can conduct analysis and then make an informed decision.
  47. 1 point
    It's important to experiment, different things for different markets, the reality is that a relatively small number of very large institutional traders move the market, if you are using something similar to them your indicator will suddenly magically work, until they go off to lunch or whatever 🙂. Pivots are one of the oldies handed down through generations of traders, they often work well in the more established main markets.
  48. 1 point
  49. 1 point
    Just had a look at the terms and conditions on the email and it looks to state (under section 5) "Promotion commences 29/04/2019 and closes on 11/06/2019. The winning entry will be selected at random from those submitted through the survey. The draw will take place at Investment Trends’ Head Office, on 14/06/2019 at 2:30pm (EST)." I imagine everyone will be notified after this date. Hope this helps.
  50. 1 point
    Call me a fool. I feel it important to keep you all up to date with my progress. I've been posting screen shots of my Wins on the Demo. I have been easily achieving around £100 per day (2hrs) with 80% winning trades. I've gone Live again today for the 2nd time with 2k. I've lost 90% of my trades and down £230 in 3hrs on the FTSE. £55 on Uber in 2 seconds. I've already been sick once. Something is clearly not right here. Even using the lowest stake I can't win £2. The chart appears to freeze for a moment when I Buy in. then it reverses. I noticed this a few months ago when I started and commented that my Buy In almost always becomes the point of reversal. I went back to the Demo (back then) and proved a winning streak. went back Live lost it all again. I know we're going to put it down to psychology and fear of Loss. I don't know what to think.
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