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they never really advertise it but think its worth noting

Hi, Logged in this morning and all my drawings/indicators etc are gone. The screen has reset to the 5 minute chart with no indicators or drawings. Is there a way to get them back? I put a lot of time into these. Thanks James

Apple warns may miss quarterly guidance estimates due to virus impact starts a new pullback in the indices.

Before market open - check current risk on or risk off ( on = indices and oil up, gold and bonds down. off = opposite ) expect continuation of current until new news affects the charts. - note times of up coming news events that day that could affect the markets if outside expectations. During I used to have squawk box years ago but found it a distraction and only told me earlier why the market had jumped or reversed, watching the charts is instant and someone on twitter will tell me why about 30 seconds later anyway (they still have a squawk box). Also on twitter is info that may come into play in the near future to keep an eye on. the news feed on the IG web based platform is good (IG pay Reuters well for it) but the IG mt4 news feed is not the same so I don't use. The more you get used to chart reading the easier it becomes but it does take time.

I don't use anything else - have looked at other news sources and they don't seem worth the money 🙂 I sometimes look at Youtube videos from DailyFX, IG, Bloomberg and anything else that looks interesting. FT.com is said to be indispensable, but I'd rather just look at the charts!

Can't add to the recently restarted US OIL thread now so start anew again. "Oil has been showing some signs of "hope" over past 24 hours. Given the fact oil and Chinese CSI 300 move in tandem, maybe the oil bounce could turn violent to the upside."

As I've tried to point out often it looks like you were lured into thinking you could go into full time trading without a viable plan or tested strategy and learn on the fly. That may be because you were listening to people who are constantly giving out professional sounding advise but even after years of trying can't themselves make a living trading but instead rely on other income. On forums and on SM these ego driven guys are by far the majority, be careful who's advice you follow. Not necessarily a question of quitting but more a case of needing to rethink your whole approach.

The new share dealing platform is now live. Let me know what you think. You can find the help video by following the link below: https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/how-do-i-use-the-share-dealing-platform

Dow still has higher to go from here. I cut my losses drastically and hedging the remainder. Can't be too attached with wanting to be right 😄. Need to live longer to fight more battles to win the war. I expected Dow 30000+ later this year after a correction first but seems much sooner now which I am caught by surprise. The retracement will come when more trader's money like myself is taken first. @dmedin - trading against me may be a good strategy going forward 😂

The 100 ema is quite a long drop on the intraday, also consider having 2 MAs because when they spread apart or converge towards each other is useful information but whatever, the actual candles need to be the actual trigger. On the HA chart look for the Doji to stand by and then next bar colour to go.

fair go, the failure to break through the blue rectangle was crucial for further downside. Now looking for resistance (sellers to step back in) and the most likely area is just before the red 29400 defending their initial stops.

So TSLA up over 20% today. I've just updated one of my spreadsheets, interesting to see how the "upstart" manufacturer is getting close to Toyota to gain the number 1 spot by market cap!

Don't know anything about Wheat @cheviot and can't get sufficient years of data on IG to get a purely bearing, however the chart from 2000ish they do have looks very similar to some agri crops I do track and trade (NY Sugar No.11 and Aribica Coffee). All of these soft commodities seem to have topped out during the commodity super-cycle top in 2011ish and since then have been in decline, whereas some of the harder commodities and precious metals have rallied harder, and in the case of PMs the general market bias is definitely bullish (not yet convinced!). In my Coffee and Sugar posts I have discussed the case for an impending massive cyclical bull market on the basis that we have been at or near the long term range bottom, although there was still room below. These markets took off, especially coffee BUT now it looks to me like Coffee is reversing and is more likely to put in lower lows on the long term trend before that Bull can take hold. I had reversed and shorted Coffee near the top of the recent rally but thought it was a bullish retrace rather than a reversal. Sugar is not there yet, although I am tactically Short now and waiting to see how it plays out. My concern is that Sugar could follow all the rest of the Softs (And indeed hards as well, currently) lower. Part of my thesis for a bull market in the making was technical and part fundamentals (As always). The Fundamentals part was that in a trading range market, once you reach the bottom (or top) the probability is massively in favour of a reversal into the opposite trend. Timing is hard as these markets can stay hugging the extremes for a long time. There are signs that in both Coffee and Sugar farmers are leaving the market (supply issue building). However, as @TrendFollowermentioned a while ago I believe, there was is a large stockpile of coffee about to be released on the market in Brazil. Sugar definitely has a supply problem though it seems. Another part was the idea doing the rounds of hyper inflation, driven by central banks getting what they have been seeking but not being able to control it. This is being called the "reflation trade" and unsurprisingly not everyone agrees with the hypothesis... The third factor was a falling USD, which ought to be good for commodities in theory (doesn't trump supply demand drivers though) but currently it is looking increasingly likely we will see DX at about 10000 (currently 9760ish). So all in all it seems that another period of commodity bearishness is in play (check also the thread on HG Copper). I remain convinced that a commodity bull market is going to happen and that softs will be the place to be when it does as I feel that industrial commodities will get hit by a recession (we may get that inflation trade first though, especially on Oil, which may then trigger the stocks crash and reflect the recessionary forces). All of these markets are related but food and water security is the single biggest issue the planet faces long term, far out weighing climate change (the climate gang are talking about the wrong things!). If the population is set to grow to somewhere between 9-13 billion by 2100 where is all the food and water going to come from? That's long term of course but if prices are depressed and farmers leave the industry then supply shortages at low prices are inevitable. Cue prices increases, and probably in a dramatic fashion. The question remains, when? I thought we might be there but this months price performance on Coffee makes me thing we are not yet.

Following on from this post I made a few days ago I decided to show one of my options trades yesterday on Wall Street as an option with a daily expiry. I thought we would have a short term swing and see a rally (before plummeting again) so I bought the call. Turns out it didn't go so well but I only lost 80 quid on a CALL on a market which fell 800+ and I was dealing £1 a point which wasn't too bad in my eyes! I also posted a PUT trade a couple of posts down which ended up 820 quid from a £50 risk. Not bad (if you had called the direction right ) so probably worth doing again. Lets look at the US and do another? But risking £100 as it's early on in the day. Or we can look just before US open and see what's occurring. If you think the market will rally you could buy the call at A (103.6) If you think the market will fall you could buy the call at B (101.1) both of these are daily options. as you're buying you cant lose more than that trade size, and given the moves we've seen that's the trade for me right now. DAX down 2% but wall street not seeing it right now only down 0.6%, so I'm going with the PUT today. Waiting for retail to wake up and get scared.

It would be great if we could right click on a price level on a chart and have the option to add alert. This would be much quicker than going into the alert panel and typing out the price level for the alert. 🙂

on mobile so wont screenshot but that 27900 is at 820, seven minutes before the close. Good job if anyone traded it. meanwhile I'm only 80 quid down which given the move.... I can live with

Latest IG client sentiment chart;

Is anyone experiencing IG dealing site down?

Dashboard working now in Australia.

Over the weekend continues risk off. Indices and Oil down. Bonds, Gold and USD up. Today Ger business climate data at 9am.

Zerohedge suggesting a large European fund initiated the sell off yesterday on the Frankfurt close which sparked US continuation. Ftse suffering and is down into clear space while Dax looking to hold at 13639 and S&P at 3348 though may test yesterday's low at 3336. Dow has a prior support level just below at 28892. Monthly flash PMIs today which is the early call and so having the most impact and may well be affected by the virus concerns. Could be a very interesting day 🙂

@dmedin, I appreciate you are looking at the 1 hour chart. I tend to look at the 'daily' chart. There is a gap (can at times provide us with clues but no guarantees of course). Your red doji scenario is short term but when you look at the chart above which is only 3 minutes after you posted but in a different timeframe then you can see the difference.

Maybe i could do a separate trade idea? Pick a market and it may explain it better?

Just to point out that MAs don't recalculate after the candle has closed. The moving average is calculated by adding a stock's prices over a certain and set period and dividing the sum by the total number of periods so will only change period by period 👇

Answering my own question here. The answer is yes. Now I have opened my "Share Dealing ISA" account and have started using both the mobile app and the web platform. Thanks!

The US indices and Dax remain at the highs. COVID-19 peak already in February? JPM: "Our insurance team is now considering shifting the timeline forward and assuming the number of confirmed cases will peak at around 90k in late February, yet the risk of prolonged epidemics in the next few months should not be ignored" Chart: Daily reported infected rate.

I use only 2 MAs as a filter (used the same settings long time) Had some time over and did a backtest buy sell on cross I used a trailing stop and optimized the trailing stop only and for the whole year 2019 and did a backtest (out of sample) with best setting this year from year end until now I know it will probably fail in the future but everything works sometimes the hard thing is to know when And its DAX tick chart When will we have tick charts in proorder?

That picture is open to some serious level of innuendo

The ability to have two separate instances of two different trading platforms in two different tabs of my browser. Right now if I navigate to the new share dealing platform in one tab, my spread betting account in the other tab automatically redirects to the new share dealing platform also. Totally unnecessary.

Reuters is always very amusing when it begins the day with an article saying 'oil prices bounce on rising demand', and by lunchtime it's turned into 'oil prices sink on growth fears'.

S&P, Dow and Dax just backing off their respective all time highs, Ftse remains the laggard. US CPI data today not expecting much change to the low figures of recent years. What ever happened to Paul Krugman and all the other Nobel prize winning economists who predicted imminent financial meltdown (especially if Trump got in) 5 -6 years ago, oh well.

Price just hit the Oct '19 low ( trying to bounce ) - nothing below now to that GAP

Fattening the goose for the chop / drop.

Maybe PRT V11 will have more data? If we are still alive by then😉

Oh dear the top pickers are out again, these markets don't have a top, in 50 years and price at 50,000 still won't be the top. They been calling the top for the last 100 years. To think if price is high on the screen then it must turn and head for the bottom is well , ... just no. You'd have to be a dooms dayer who's willing to miss out on every run up for years on end, oh wait, they do. There are occasional corrections for sure but why would anyone sit on their hands for months waiting for those. Longer time frame traders join trends and move their stop, if approp, at the end of each day, sorted, they don't stay out of trends expecting a reversal each day, again just no.

Dax and Dow not finding new buyers this morning so now looking lower. M5 charts;

The sellers have taken over the buyers. They made a lower low and held, however caution is needed. Sellers are coming through quiet strongly. Will need to see if the last candle holds, if it does it means that buyers have faded and it's time for the sellers to step in.

Right ! I am always wondering why those guys invest so much time in getting an income via YouTube if they are already so successful with their trades ? He could rather go outside, enjoy life and....buy a new T-shirt...

Stock price vs IG Clients % long positions over last few months. As the stock started moving up less clients went long, with a big drop last week as the stock rose even more. And the last few days as the stock has popped higher clients are now shifting back into long positions. At the moment it's up over 3% in the pre-market. Data provided by Excel Price Feed

Hi, log into IG and see the Academy site. https://www.ig.com/uk/learn-to-trade/ig-academy

hello and welcome to the forum, we do have some gapper traders but they seem to have gone quiet the last couple of weeks, wonder if they have run into the same wall.

If the Nasdaq breaks and holds below 8900 there will be a lot more gains given up, maybe even half of 2019... Nasdaq traders are the only ones still holding their index above the support levels. SP500 broke below and came back up but everything else is down. The Nasdaq buy the dips boys are on attempt no.3 to hold the daily channel line. Should be interesting as third times a charm... NOT looking good for the bulls just now... Come on ye Beaaaaaaaaaaaaaaaaaarrrrrrrrrrrrrrrrrr!

Could be. I only look at H&S on Daily/Weekly charts at the end of major trends but that would fit my EWT lead scenario for a bear phase in GBPUSD. Also note other USD pairs are holding back so USD strength still rules. Fib 62% (13,100) could be key but GBP is spiky so could spike up through and fall back. Hard to trade, I will wait for a confirmed turn. A break of the previous high (13,175) would not negate the longer term bearish scenario, even though the 1H H&S would be negated.

Hi, The Chicago Wheat looks like it could pull back to the 550 point due to the 50 day EMA (blue line). Its been there twice before in Nov and Dec before bouncing back up. Don't like the 15 point minimum bet though! With an ATR of 10, its a bit spicy for my current portfolio.

All eyes will be on the number of people who voted for rate cuts

Sometimes I wish I did nt either. I trade it for 2 reasons....It diversifies what i m doing in financials (usually) , and my background is farming anyway. So yes i might start a Beans wheat corn thread....There are a few IG clients who trade it , looking at their client interest board.....

correct, people forget the commodities are like FX and are actually pairs, gold priced in US dollars vs the US dollar, this is why it's not really correct to label chart levels as dollar amounts but as 'handles'. But if the dollar is going up and gold is going up then the chart stays even.

Give it time ... seems like all commodities fall when dollar rises because more expensive to buy.

Dow looking to have another go at R2 after R1 failed as support.

potential channel break