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Showing content with the highest reputation since 15/06/18 in all areas

  1. 3 points
    When looking at these markets and the trading behaviour of the average retail trader it seems to me that many don't really understand the market they are trading, there are also psychological factors that influence decision making to the detriment of trading success. If you are not confident in your understanding of the market then you are solely dependent on technical analysis but TA is not a given, it can only play out if assisted by fundamental and macro factors, those factors currently point to bull continuation. So the US major indices are routinely hitting new all time highs, the retail trader thinks they need to sell the high in order to buy back lower (buy low sell high right) so the retail trader (the crowd) are constantly trying to pick the tops (and patting themselves on the back thinking they are being contrarian). The positioning data of IG clients tell us this is exactly what's happening. Every time price goes higher the sell position ratio increases, when price is falling in a down trend the buy position ratios go higher. So clearly this is all wrong, when price is continually rising you need to buy high and sell higher. You buy breakouts or pullbacks, you should not be looking to sell a bull trending market at all. So why do they do it? The market is too high (no it's not), it must be the bears turn (wait and see first), but I need to sell the highs, the saying says so (no, you're not an investor), the chart is looking 'toppy' (just no), the TA is pointing down (doesn't matter without fundy and macro assist). An understand of a market comes with experience, until it does stick with the basics and look for longs in an uptrend, don't try to second guess the market and end up constantly fighting against it.
  2. 3 points
    Potentially massive resistance zone has been reached on the Dow, the area between 28,000 - 28,500. If it breaks, then we should see the price move up towards 30,000, but if it holds and falls, then for me this could be the top. I think the remainder of November will give us the answer. Very critical period.
  3. 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.
  4. 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.
  5. 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.
  6. 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).
  7. 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.
  8. 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/
  9. 2 points
    Look out everybody,,,I just bought cable...God loves a trier ...or so they say .... I think it is A to $1.32 off $1.29 and we ve just completed C of B ,,,filing London gap left over from New years day at $1.2950. C will take us back up to $1.32 or so before a plunge lower.....So I m a bear who is willing to hold £ just to sell later....
  10. 2 points
    the question is though when a market is trending up why is everyone so keen to get short? It's some sort of mental derangement. This from the SSI thread where I was making this same point a while back. Price goes up and so retail goes short, price goes down so retail go long, price goes back up again and short they go. What is this strategy called? The 'empty your account in the fastest possible way' strategy. 🥳
  11. 2 points
    here are the daily pivots on the H1 Dax and Dow charts;
  12. 2 points
    US Indices creeping back up to the highs, Bonds, Oil and Gold down. EU CPI and retail sales at 10am. US ISM services PMI at 3pm 54.5 expected up from 53.9 previous.
  13. 2 points
    How are you folks seeing cable ??? My thoughts are that the 1.1950 was the end of a correction....It actually was 123.8% extension from 1.32 which was an ABC....Hence we are looking for 5 waves off that 1.1980 low.....Have we had it ? In the post G E bounce up to $1.35 ???? So is it all down hill post Brexit into parity ????? I was a cable trader inter bank...and showing my age i actually traded the low at $1.0280....In those days the 'Russian' as we called him....(USSR central bank) was selling the **** out of the £.....Chemical Bank of new York was organising a 'Parity' party in their dealing room......It never happend.....Chemical Bank is also no longer,,,,nor is there the 'Russian' !!
  14. 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
  15. 2 points
    Yes because they want you to keep your money invested. That is how they make money so they have a vested interest in punters keeping their money in. Yes in a bull market but as soon as things turn nasty (1929 nasty) that strategy fails spectacularly. Unless you believe it will never happen again...? It took 30 years for the stock markets to regain the 1929 highs.
  16. 2 points
    Not sure what you mean? Looks more like the lower channel line has held and we have a small rally off it so far. Of course it could reverse and breakthrough the lower channel line but that is a perfectly legitimate resolution to a wedge consolidation. Chartists will trade which ever breakout occurs (up or down), just have to watch out for the all to frequent these days fakeouts, which many do attribute to algos.
  17. 2 points
    Hi I am one of the successful person but I do not do Publicity about my success. I make few Hundred and few thousand from time to time . Everybody has different ways of playing the market so u should not follow the crowd . Do what suits you best . I do not use Bollinger bands . another Success theory is to be patient and Don't be Greedy. Take your profit and run its your hard earned money. If u dont take profit then the brokers will take it . good luck in Trading
  18. 2 points
    @dmedin, My IG app on my iPhone seems to be working but the desktop version on my iMac is not. This is very frustrating as when I am at home then I want to use IG on my desktop as the user experience is far greater and superior than on the smartphone. That is for emergencies only! None of my charts are loading up and the website is very slow and 'clunky'.
  19. 2 points
  20. 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.
  21. 2 points
    Possible bounce off the channel line. Note also the small gap closure.
  22. 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...
  23. 2 points
    Scream if you want to go lower!!!
  24. 2 points
    See this thread;
  25. 2 points
    Oil volumes this morning are exceptionally low. Almost no sellers. Be careful in either direction.
  26. 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.)
  27. 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.
  28. 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.
  29. 2 points
    still hanging on in that channel !
  30. 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.
  31. 2 points
    Lean Hog always makes me think of a pig down the gym.
  32. 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.
  33. 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'.
  34. 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
  35. 2 points
  36. 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).
  37. 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.
  38. 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.
  39. 2 points
  40. 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.
  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
    Hi @TrendFollower and @Caseynotes (chat wont let me tag you??) As always thanks for the insight and details. Do you guys know of any stock scanner like FinViz etc to search through EU and UK stocks? My research only basically says no to this question. The reason I ask is because since you guys gave me some great advice recently, my trading has improved in that I am more accurately spotting trades with a higher success rate. Still not 100% profitable but I think this is down to over trading (trying to force trades and setups). At the moment my pre-market research involves clicking through all charts on EU 50 and FTSE 100, so probably not very efficient! PS I have found some success in trading channels, MA cross overs/divergence and direction of Bollinger bands and placement of the share price in the Bollinger band. So I am looking for a scanner that can potential provide me with the basic filters (trade volume, volatility ratio etc) and then I want to scan for cross overs etc. Thanks as always!
  44. 2 points
  45. 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.
  46. 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 :-)
  47. 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.
  48. 2 points
    On the back of Erdogan defiance Trump puts the boot in by raising tariffs on Turkey, usdtry going into orbit.
  49. 2 points
    BATS looks primed for a move upwards. BATS and BARC still in play. (note barc goes ex-div 09-aug)
  50. 2 points
    I had a reply from ESMA after various e mails to them when I asked how I could claim compensation, which I thought they would reply to. Below is their reply........... Dear Ms Champion, Thank you for your emails dated 24 June 2018, and your previous email of 7 June 2018, relating to ESMA decision 2018/796. Please note that our Decision 2018/796 contains detailed explanations of the rationale of our measures. Should you wish to read it, our decision is available in the Official Journal of the European Union (here https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2018:136:TOC ). We note that your email refers specifically to the possibility to claim for damages in relation to the product intervention measure that ESMA adopted under Article 40 of Regulation (EU) No 600/2014. Please note that the remedies available against a decision of ESMA are set out in Chapter V of Regulation (EU) No 1095/2010 (available here: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=FR). If you are uncertain of your rights under this Chapter, we would encourage you to seek legal advice. Kind regards, ESMA At least I managed to get heard by them.
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