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  1. 3 points
    I have released a project that will most likely be updated once or twice a day, The updates are self explanatory, A list of the most shorted stocks by Institutional Investors in the UK. Split up into how many institutional investors are short on a stock and by the volume and an amalgamated list of of most shorted stocks. https://github.com/tg12/most_shorted_stocks Again this is a series of my own projects. Not affiliated by IG and no guarantees etc. Feedback and comments welcome. Hope you enjoy it.
  2. 3 points
    Here's a couple of great ones recently, the good old triangle. I traded some of these signals. You can set a position to go short when it drops beneath the lower line and have a stop just above in case it's a 'fake'. If you're really clever you can trade the bounce back up too, and then the drop back down again.
  3. 3 points
    @Kodiak, That means you must look at your stop loss strategy. If you are trading a strong trend (volatility occurs in all trading assets) and if your stop loss is too tight and you keep on getting stopped out then the winner is the broker not you. If you have selected the correct trend which is strong and you are trading with the trend then you must have an effective stop loss strategy. You may want to revisit your risk management and have a look at position size, how much you are willing to risk on each trade based on your risk tolerance and try and come up with a more effective stop loss mechanism that eliminates this issue but at the same time does not increase your overall losses in your trading account. I must make it clear that it is about trading the strongest trends (which tend to be bubbles, hype, frenzy, speculation) etc. I love those types of trends and one must not fear them but embrace them. They are the trends that will make the biggest profits. The weaker the trend you trade the harder it is to have a sound stop loss strategy as volatility will stop you out. It is how your trading system deals with volatility which will be key.
  4. 3 points
    I think it would be a good idea to make the IG Labs forum (which is pretty dead) an underforum of this forum. Maybe this will ignite a little more activity in the IG Labs section (this was already discussed in another thread but I thought it is worth mentioning here).
  5. 3 points
    Hey @JoceHockings @blobface (great name) and @PandaFace I have just had a word with our Corp Actions team on this and they have confirmed it is a relatively complex and difficult question to answer. Each private company has a number of different rules and regulations which are relatively unique to each one - it's very tough to speculate on these things prior to the official 'documentation' coming out. They are just looking into the specifics of this and when I have a firmer understanding I'll of course post back here. One thing which is worth noting is that generally for a stock to be ISA eligible requires that it is traded on a centrally located exchange. Privatisation would have an impact on this, and therefore it may not be possible to contain within the ISA wrapper. On a personal note, and this is purely my opinion, this could just be Musk shooting from the hip. Granted he has done this before (anyone remember the Boring Company tweets?) but still... Again, i'll update accordingly. Apologies for no real clarity in this answer at present.
  6. 3 points
    Hi @cryptotrader; https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-indices-mt4-product-details https://www.financemagnates.com/forex/brokers/us-expansion-and-offshore-clients-3-key-points-in-ig-groups-annual-report/
  7. 2 points
    Interesting issue @dmedin, and one I have struggled with myself. I have a few personal insights for you, if care for them, as follows: Firstly I use multiple time frames for both analysis and as trading triggers, although I usually use the 1H chart as my main trading window, within the context of the bigger picture. With respect to EWT I never use it exclusively, and it is never an actual trigger for trading, merely an analytical corroboration. In other words I need to have a credible EWT set up but don't use label positioning as a trading trigger; it is too rough a technique for that. With respect to Daily vs 1H, often I cannot see the internals on the daily chart (e.g. a wave 1 with an internal 1-5 pattern) but the wave labeling should sense in the context of the rest of the labeling on the daily. In such cases I will then look to see if I can see the 1-5 internals on a shorter term time frame (4H/1H); occasional also 15 mins but below 1H things get less reliable for me. I will happily trade a price action move that conforms to my trading triggers even if the specific EWT at that point is not conclusive as I often see it in hindsight, however the contextual bigger picture EWT has to be present and credible for me to trade. If we look at the Daily chart for Coffee (below). The May bottom at present looks like a trend ending turn (a large wave C - see my previous posts for why I think this is a C). The rally up to wave 1 (purple) could be seen as either a 1-5 or an A-B-C, indeed my first thought was an A-B-C, which is what I was posting initially. However the move down to wave 2 (purple) is a clearer A-B-C, which suggested the previous rally was a 1-5. With another rally and retrace to follow (1-2 blue) and a strong straight rally to a new higher high vs 1 (blue), I can surmise that the current rally is part of a motive wave that will eventually breakout into a confirmed trend change and long term bull market. I cannot see the internal 1-5 on the wave 1 (brown) rally until I look at the short term time frame charts. However the wave 1 label is consistent with the rest of the daily chart labeling and I had a number of indicators suggesting a turn back down and I was anticipating a bearish retrace to set up a strong move to test the key 11,500 level. So far this is playing out. It must be noted that until we get a breakout and a higher high than the wave 1 (purple) point I cannot rule out a consolidation phase. Indeed there are 2 unclosed gaps on the recent rally, one right at the beginning, which could mean the whole rally gets retraced to a new lower low. If that happens then the wave 1 (brown) is negated. Like a lot (all) of technical analysis the price action needs to confirm which scenarios are possible until there is only 1 left. While I believe my Fundamentals case is strong for a long term bull market the technicals help to sort out the timing via the various scenarios in play. Currently my lead scenario is for a retrace to wave 2 (brown) and then a rally to test the key resistance level. However a deep rally might begin to change my mind. The case for my lead scenario is strong, including the strength of the wave 1 (brown) rally. It will take an equally strong bearish price action move to negate this.
  8. 2 points
    Last day of the early start: UK and European clocks go back one hour when daylight saving time (DST) ends on Sunday 27 October. From this date until Sunday 3 November, the end of US DST, there are a number of changes to our opening hours: • US and Canadian markets will trade one hour earlier in UK time. For example, US and Canadian shares will be quoted between 1.30pm and 8pm • All forex markets will open at 9pm on Sunday 27 October and close at 9pm on Friday 1 November • 24-hour dealing on indices will open at 10pm on Sunday 27 October and close at 9pm on Friday 1 November • US shares (all sessions) will run from 8am to midnight Monday to Thursday, and from 8am to 9pm on Friday 1 November • In-hours trading on Eurex futures (including the Germany 30) will be available one hour earlier at 12:10am • Expiring US markets will be settling an hour earlier than usual • New York Cocoa, Sugar and Coffee, and London Sugar all close an hour earlier than normal • Weekend trading on indices will open at the same time (4am Saturday), but will close one hour earlier (9.40pm Sunday) The dealing desk will also close early at 9pm on Friday 1 November.
  9. 2 points
    The one thing I have realised is that a lot of people are trying to run before they can walk. People are trying to be successful at trading when they have not become successful at investing. For me being a successful and profitable investor by creating long term wealth is the sound foundation that can lead to into trading or other forms of investing. I am going to use this thread to begin discussing my journey as an investor and the good things I did and the bad things or mistakes I made along the way. I have nothing to hide and I want to share real life examples for the IG Community. Of course I hope you can appreciate that I will not disclose monetary amounts or the valuation of my investment portfolio and this is private but will be open and transparent. I will use 'clear and plain' English and where any jargon or complex words or phrases are used then I will try and explain them in a simple manner for the IG Community. @dmedin, I have tagged you into this as you have inspired me to create this thread. Please bear with me and when I have some time I shall commence with Part 1 below. Part 1: Introduction to Creating Long Term Wealth by Investing - Coming Soon
  10. 2 points
  11. 2 points
    Err, day trading? No thanks! His roller coaster can be smoothed out if he switches to longer term trading. Day trading is a roller coaster, that's part of that game, especially intra-day. He is right about his emotional pressures, it is because he is over trading (too many traders seeking to generate massive hits in one go). He is wrong that the way to address this is to go back to a small account as he will not have addressed his underlying emotional issues and trading errors, they will emerge again if he is successful (i.e. his account grows). In the end trading is about accumulating wealth over time not about generating a steady income. The opportunities the markets offer are lumpy so you have to be ready to take advantage when they are offered. A big part of trading successfully is to not trade, most of the time.
  12. 2 points
    How to retire by 40 *note number 6 🙂
  13. 2 points
    Possible bounce off the channel line. Note also the small gap closure.
  14. 2 points
    @Djelibaybi is this for CFD / Spreadbet? The new platform is not based on Flash in case you're still using the old one...
  15. 2 points
    For those of you out there who are now getting into trading or have been thinking why the NFP report is so important in terms of trading, I’ve decided to lay out some information about that and include my prediction and thoughts on the NFP report today - 05/07/2019. So let’s first start with the definition of NFP: This is a term used in the US to refer to any job. One important thing about the NFP is that it does not take into account the jobs created in farming, private household employees and non-profit employees. The report is released on a monthly basis from the United States Department of Labour and is most commonly addressed as the “Jobs Report”. This report shows the state of the labor market. In its core the report lists the jobs openings in many sectors across the US and can be taken as a measure for the business and the overall US economy. But what does that mean? Well, it is pretty simple - if there are more jobs openings this means that the businesses are hiring, which ultimately means that they are growing. And we all know that if businesses are growing this means the economy is stable and it is growing with them. This leads to newly employed people who receive funds which can they spend back inside the economy for goods and services, which further fuels the overall growth of the economy. So you’ve probably already guessed it - the higher the number on the report is - the higher the economy growth is. And vice versa if the report is showing a decrease in jobs openings, this means that the economy is shrinking, businesses are not growing, thus the value of the US dollar goes down. This is one of the most followed reports published every first Friday of each month and usually the markets react severely due to people, hedge funds and other financial oriented companies try to exploit the data from the report. Usually the US Dollar, Equities and Gold are the major assets that get affected by the NFP. Now you know the main points you need to know about the Non-farm Payrolls and this leads us to today - Friday the 5th of July. The NFP will be published at exactly 12:30 GMT. Of course this is preliminary data, but the final consensus is often close to this data, so it is important to follow it even if you don’t trade during that time as it can give you hints on the current state of the US Economy. I just want to add in here that the actual data has to be either higher or lower than the forecasted data in order for the market to move up or down. If the actual readings are the same as the forecasted, we probably won’t see a very strong impact on the market as the forecasted data has already been priced in on it. And now for the prediction: The previous reading (June) was 75k and analysts and experts now expect a rise in the NFP up to 160k. Judging by the US economy growth during the Trump administration and I’d like to add here that no matter what we think of him - the facts are facts and the US economy has been growing ever since he took office, a rise in the NFP is expected bet so to say. However, I think that the Trump administration really pumped the economy in the last 3 years and again in my opinion (I am not an economist, so keep that in mind) every economy that is pumped really hard at one point gets to a state where it needs to slow down. Think of it like a bubble - if you inflate the bubble too much it explodes, but if you inflate it just enough and leave it like that - it will remain inflated for some time, before starting to release some of the air. This being said, I believe that the actual reading which will be published today on the NFP report, will be lower than the expected.The US dollar got extremely strong in the past year, so now it is time for some deflation or the bubble - it might burst and we might see another 2008 financial crisis - but stronger this time. So I think the actual data will be around 130k, which still shows growth of the economy and companies, but at the same time is lower than the forecasted reading, so we might actually see a reverse effect on the market and the US dollar could lose value in this scenario. As I said this is just a personal opinion and is by no means a proposition to trade or advice. Make your research and outweight the pluses and minuses of trading in this situation. Usually I prefer to stay away from the market during the publishing time of the report and assess the situation after that. Share your opinion on the topic below! Good luck out there Market Warriors and remember to always have fun and be patient with the markets!
  16. 2 points
    On the 1H and 4H charts the picture looks like a clear break of near term support. Gold and Silver look set to test the next levels (circa 1380 & 1505 respectively). Silver is closer. A break below these levels is a lower low, after lower highs...
  17. 2 points
    See this thread;
  18. 2 points
    This type of pic below is so common now but people still fall for it. Paid for signals service etc by obviously successful traders, they must be, I mean look at all that money! No one walks around with a big bags full of real cash unless they are drug dealers or dodgy arms salesmen.
  19. 2 points
    Oil volumes this morning are exceptionally low. Almost no sellers. Be careful in either direction.
  20. 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?
  21. 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.)
  22. 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.
  23. 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.
  24. 2 points
    I actually closed my oil long on the back of this post (along with some other analysis of course) so thanks for the trigger to re-evaluate.
  25. 2 points
    Hi, Yes you are right. So I have made some minor tweaks to it, I count up the highest volume and highest number of investors and say pick the top 10. If the companies intersect both lists they are shorted multiple investors and a high percentage of their fund is short, They make the bottom list that is the summary list at the bottom. I am working on putting this into the API it automatically trades (shorts) for me on IG Index. Github is just just really a file-store for the purpose of this project. I am just using it as a central store so nothing special about Github in that respect. The log files are tagged per time generated. Hope this helps!
  26. 2 points
    I'll be shifting to HL. Out of principal, I'm going to shift all of my trading there, not just the cannabis stocks.
  27. 2 points
    great interview in my opinion - posted here due to the discussion about US shale oil https://www.youtube.com/watch?v=BPjUCaueRLw
  28. 2 points
    Lean Hog always makes me think of a pig down the gym.
  29. 2 points
    @Britcoin, your pick is of the cfd platform, IG options in UK are only available on the spread bet platform or 'professional' cfd account platform. you will need to open a spread bet account.
  30. 2 points
    @Dantro, By having a stop loss strategy you should know your exit before you enter the trade. Have a look at indicators such as volume (is it increasing along with the price action), momentum, RSI, moving averages, etc. Use all of these and others to help you make an informed decision. Why is the particular asset moving in the direction it is. Use Oscilators for potential entry points when you have identified a trend. What moving averages are you looking at from a time perspective? Even after applying all of the above you can still lose on a trade if your timing is wrong. Trading is supposed to be extremely difficult and anyone who suggests otherwise is wrong. It will require a large capital buffer, patience, discipline, effort, etc. The hardest thing to do as a trader is nothing. Sometimes merely waiting patiently for the right opportunity to trade based on trends is hard if you are 'trigger happy'.
  31. 2 points
    Latest countdown guide published in the Guardian this morning;
  32. 2 points
    @Nelsy-Boy, In my experience if the price of an asset moves with low volume then it is a 'weaker move' against when the price of an asset moves on high volume which to me represents a 'stronger move'. The volume tends to go with the trend. To me it shows how much conviction traders have on the trend in play. A word of caution here @Nelsy-Boy. Volume can be manipulated to make it look like there is higher volume to attract trades. I am not sure if you have come across the Volume Price Trend (VPT) Indicator? It shows the strength of the price change and the price direction of the asset in question. I am sure if you look this up then you will find plenty of material on this. I personally tend to look for an increase in volume when trying to identify trends both on the upwards and downwards. If I see volume increasing as the price is increasing / decreasing then it is telling me that the trend is getting stronger. There are other indicators to consider but this is just one of many that can go into the 'basket' before making a final assessment / conclusion on whether the trend is strong enough to trade. So to answer your question, in my personal opinion, more times than not if the price moves a big chunk higher with little volume then this is not as positive as if the price moved with higher volume. So to summarise below: Price moves upwards / downwards on low volume = Potential weaker move / trend Price moves upwards / downwards on higher volume = Potential stronger move / trend
  33. 2 points
    Decent list of recent polling visible here: https://projects.fivethirtyeight.com/polls/ These seem to show us getting close to the 8-9% mark needed for a "blue wave" (Dems taking both houses), but reliability of US/mid term polling is still notoriously poor. Socgen impact sheet (shamelessly stolen from ZH) below.
  34. 2 points
    Hi. So as you know Bitcoin Gold was a hard fork of Bitcoin which occurred during the crypto boom. At the time it was somewhere within the top 10 and therefore offered on the platform. Since then it has seen a significant sell off and now settles somewhere in the top 30. Whilst we offer crypto, we are not a crypto broker and therefore aim to offer only the most liquid and popular coins in this asset class. Over the few months we offered it we had little to no interest (short of people closing their positions). Furthermore liquidity is terrible, hardly any exchanges offer it on an institutional dealing level, and price feeds etc are limited. This is the same as when we need to pull Stock listings on the leverage platform, generally after they see a significant sell off and fall into the same issues as above (liquidity, interest, pricing etc).
  35. 2 points
    @cryptotrader, yeah the slider part of the vid is a very good demonstration of how the RRGs works to show rotations over time and highlights the comparative instruments changing positions on the race track. The RRG is a great visual representation to show which horse to back from the rest of the pack.
  36. 2 points
    Yes its a fairly humdrum company and I suppose diversification could help, or indeed it could fit as part of a portfolio for a wider group. I definitely think it is a safe bet, albeit boring, but should be fine over time. And pays a decent dividend in the meantime. Perfect for a SIPP or somewhere for a long term hold, imo.
  37. 2 points
  38. 2 points
    Came across this article which goes a long way to explaining why 80% of retail traders fail, it's written with humour and some jaw dropping statistics. I've not seen this monthly web magazine before and it looks very interesting, the next article after 'Cut Your **** Losses' in a interesting piece on volatility box trading plus skimming through there is lots of interesting TA too, and not solely about FX. Their web site is worth a look as well (second link) https://content.yudu.com/libraryHtml/A43egz/Englishedition39/reader.html?page=30&origin=reader http://www.fxtradermagazine.com/
  39. 2 points
    posted on this recently .... bit early on that sell order but not bad. Currently 300 points in profit. Was tempted to add at 4000 to the short but didn't... worried about a break. My post below may provide some insight. It's trading pretty aggressive for the fundamentals and balance sheet.
  40. 2 points
    Hi @Gloryhornet, this has come up a few times in the past and it may need to be reset on IG's end, maybe worth calling the helpdesk or using support chat from the 'contact us' page linked from the bottom of the IG home page.
  41. 2 points
    Recent move down filled an unfilled gap . Looks like a bit of consolidation / accumulation there. Two things on my mind :- 1) Sky takeover is now sorted & ITV has always been talked about as a bid target : 2) ITV is talked about bidding for another company which carries a bit of debt - if they were to go down that route, they would have to raise some cash to do it ( rights issue maybe ) - So two opposing situations to consider !!!
  42. 2 points
    @mswoo, so the thing to do on demo would be that when you open a trade on spot flip over to the Forward chart and enter the same trade there as well and compare, do it for all your demo trades and you will see which is better for your trading style.
  43. 2 points
    Thank's @NadelinaIG for the inclusion of the video interview with Prof. Steve Hanke on the Venezuelan currency crisis. I haven't laughed so much in ages, a complete take down of Socialism and the Maduro government, plus an interesting aside on gold and oil at the end.
  44. 2 points
    Offers wide swing trade style stop losses without the ability to move a stop to entry, a fundamental for me on swing trades. It'll be of benefit for traders who continuously move stop losses, hoping a dodgy trade will come back into profit - KOs will enforce that discipline. OK for scalpers who grab a few points here and there & can pull the ripcord manually when it doesn't feel right. It'll have its uses, a decent addition to IGs markets :-)
  45. 2 points
    Turkey: Financial markets regained their cool overnight, returning to some semblance of normal trading conditions. Traders appear a little more comfortable with the Turkey situation, apparently reassured by the idea that developed economies and financial markets are shielded from the direr consequences of a Turkish borne financial crisis. The core issue is unlikely to disappear entirely, given hostilities between the US and Turkey have only escalated in recent days. Moreover, global fundamentals will continue to work against broader emerging markets, who look ever-vulnerable to rising global interest rates and a strengthening US Dollar. However, at least when it comes to developed capital markets, it looks like the attitude has shifted to “play on”. Wall Street: Wall Street will cap off the global recovery in equities over the last 24 hours, providing a stable lead for Asian trading today. The benchmark S&P500 ended its four-day losing streak – its longest in several months – to add 0.65 per cent for the session. Earning’s season is practically done and dusted now, with investors now allowed to mull over what it all meant – and how it will affect the future. As it stands currently, the overriding belief is that there are indeed good times still to come. Assuming risks in emerging markets and geopolitical tensions remain to one side – a very big assumption, of course – the S&P seems poised to restart its journey to the all-time high at 2875 achieved earlier this year. ASX: SPI futures are indicating a softer open for the ASX200 this morning, presently pointing a modest 5-point dip at the open. Investors in Australian shares leapt at the opportunity of jumping back in to equities as the Turkey-contagion fears subsided, quickly regaining (in effect) all the territory abandoned during the day prior. It was the financial stocks, following-on from their successful week last week, that led the charge, supported admirably by the index’s relative minnow-sector, information technology. The diminution of macroeconomic themes provided investors with the scope to turn to more fundamental matters in the market, such as the local reporting season. Local earnings: Reporting season news focused primarily on two noteworthy misses yesterday: first from Cochlear, the second from Domino’s Pizza. For Cochlear, the full-year results were quite respectable, revealing that net income expanded 10 per cent and that the company’s dividend pay-out would increase by 11 per cent. However, the share fell by 3.52 per cent, unwinding a portion of the 16 per cent gain achieved by the stock year-to-date, after profit guidance missed expectations and analyst’s consensus changed the stock to “hold”. The story was far more-stark for Domino’s Pizza, with that company missing even the lowest analyst estimate for full year net income, driving its share price down 6.52 per cent. China: Macroeconomic watchers had an eye-on Chinese fundamental data midday yesterday, as China’s National Bureau of Statistics released one of its big monthly data dumps. The monthly release of Retail Sales, Unemployment, Industrial Production and Fixed Asset Investment data has taken on graver significance in recent months, with trader’s combing through any piece of information that could glean an insight into the fundamental strength of a slowing Chinese economy. Yesterday’s release was on balance a poor one, adding to concerns that tariffs and cyclical factors are dragging on the Chinese economy. Despite this, traders largely ignored the news, swept up in the relief of ostensibly lower credit risk from the Turkey debacle – although the Yuan did maintain its affection towards the 6.90 mark. Aussie data: Australian fundamental data will centre on the household sector over the next 24-48 hours. It begins with the release of the Westpac Consumer Sentiment reading at 10.00AM, continues with Wage Price Index data later this morning, and concludes with Employment Data tomorrow. The wage growth figures will be the most pertinent for markets, given the RBA’s imploration that inflation and therefore interest rates will not increase until there are signs that Australian workers are getting a pay rise. Though it was missed by many in the thick of the Turkey panic at the end of last week, cash futures markets more-or-less priced out any more than a 50/50 chance of an interest rate hike from the RBA, following the release of the bank’s quarterly Monetary Policy Statement on Friday. While this market-dynamic remains, watch for an increasingly stifled AUD/USD, particuarly now that we’ve plunged below the 0.7300 handle. UK and the Pound: Better than expected labour market data was released out of the UK last night, ahead of the release of CPI figures tonight. The UK economy is one of the more curious situations for market participants presently, particularly as it relates to future interest rate settings amid ongoing Brexit drama. The implications appear to be weighing on sentiment and economic fundamentals, effectively forcing the BOE to admit recently that strong fundamentals will take a back-seat while an outcome to Brexit is decided. Activity in the pound has hence become of high interest in markets, especially this week, considering scheduled Brexit negotiations on Thursday: the GBP/USD has lost over 3 cents in less than a fortnight, presenting signs of being oversold, but apparently possessing little impetus to reverse this trend. Please note: This information has been prepared by IG, a trading name of IG Markets Limited. 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  46. 2 points
    Hi If you are destroying your account within three weeks you are doing somthign wrong. Like placing positions way to high, and not allowing enough of a risk:reward margin. I would recommend going through the IG educaiton, especially in respect of calculating risk reward, because this should drive your position size. There is a course here on money management and risk:reward https://www.ig.com/uk/learn-to-trade/ig-academy/money-management all other courses are available free at IG Academy >> https://www.ig.com/uk/learn-to-trade/ig-academy You'd be wise to have read these first, and digested the information here. Also, why not post a few trades you are thinking of placing, and inviting the forum to discuss. I've setup a thread here where I am encouraging people to post quick trade ideas There is no absolute right or wrong. I get some right, and also some wrong too. But the key point is limiting exposure and knowing when to get out if a trade doesn't go to plan or the investment case changes.
  47. 2 points
    BATS looks primed for a move upwards. BATS and BARC still in play. (note barc goes ex-div 09-aug)
  48. 2 points
    Nice - as an FYI you can also easily 'quote' the section you originally posted to make it easy to follow for yourself and others on the Community. Example below. I like your idea . example example example 02/08/18 - follow up to the above BARC good results out on high earnings - up 6% at 206.5p sold half. BATS breakout failed - down 2% sold to close at £41.15 example example example
  49. 2 points
    Yes - guests can post on Community, however all posts need to be verified by a moderator. We look out for posts which look spammy or don't add value, but if a post futhers the conversation, providers an alternative point of view, adds value, offers thanks, or is interesting then we will 'approve it' and let it show publically. Absolute priority is given to quality over quantity, however in my opinion over the last couple weeks this option for guests to post has been beneficial and added value to the community. Interested in others thoughts.
  50. 2 points
    Was interesting @PandaFace, even more so now as people realised Trump was only discounting the most severe response to China (for the moment), not actually halting the 'trade war'. Bounce off the 200 MA on the 1 hour chart and back to retest 24084.
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