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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. 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
  6. 2 points
    Possible bounce off the channel line. Note also the small gap closure.
  7. 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...
  8. 2 points
    Time is a problem @dmedin, no question. It seems there are people on the forum who devote 100% of their working time to trading but most of us must juggle it with other things. Frankly I am not one of those who even wants to be sitting in front of the charts all day, it would drive me nuts and it is only really necessary is you are trading very short time frame charts. I did try it at first, mostly because I had no trust in a system, or the market for that matter. Mostly I had no trust in myself and for good reason, I had not put in the work and taken the time to gain the experience. And I lost and lost. Where else would you see people diving into something they have no training and experience of and risking their hard earned capital. "Down the dog" maybe... But then I stopped and decided to take a different approach. Everything I read led me to a simple conclusion. Professional or retail it doesn't matter, if you are competing against the high frequency algo traders and prop traders you need to take a different approach. It seemed to me that most, if not all, of the people who had been on this journey and successfully broke through the early days of losses and stumbling about and frustration and negativity did a few things in common as follows: Got a grip on themselves and the emotional part of their brain that was driving them to jump in at wrong times without a clear premise. This is chiefly about controlling the fear of missing out syndrome and dreaming of another life. Took the time to study and develop a methodology for analysing, trading and managing their account in a professional business like manner. Changed the way they traded to few bigger better at longer time frames. I am sure there are people on this forum who will disagree and tell you that you can make money on day-trading and scalping but if it doesn't suit you then don't do it. It didn't suit me, I couldn't see the woods for the trees down at 5mins etc. So I tried something else and it works much better for me. When asked about his rules for investing Warren Buffett replied, "don't lose money". It was a bit of a joke but there was a serious message there, the key is to limit losses and ride winners so as to max your profits. In this way you don't need to worry about hit rates and pushing the 50/50 coin toss to 55/45 in your favour. You just need to win big and lose small. I will typically lose 8 out of 10 times but I scratch quickly if price action does not go according to my thesis and move stops to break even as soon as possible. If on the 9th or 10th try I hit it then I am a net winner. Trading is a long term activity. The key to success is to be net ahead over a year not a day or a week. You cannot think in terms of getting a regular income, it just doesn't work like that. Also you have to take some profits when offered to keep your account ticking over or you risk running out of runway. Regarding your point on wave recognition, it is a problem but it is the same for everyone, professional and retail alike. It is called price discovery, the market participants watch the evolution of price and take into account other factors (like fundamentals) and create a premise. Then they test this premise by placing a trade. This is simply how it works. In terms of my specific comment, I really don't care at this point whether US large caps have just made a wave B or a wave 2 as the next wave in either case (C and 3 respectively) will be in the same direction, which is up. I will assess the price action as the move develops and make decisions about when to cash and when to reverse later based on my analysis. Deciding when to cash is where you want to be, not that it is much easier than anything else in trading... EWT note: an A-B-C can look very similar to a 1-2-3 (or 5) so context is critical.
  9. 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!
  10. 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...
  11. 2 points
    Scream if you want to go lower!!!
  12. 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.
  13. 2 points
    Oil volumes this morning are exceptionally low. Almost no sellers. Be careful in either direction.
  14. 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?
  15. 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.)
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. 2 points
    still hanging on in that channel !
  21. 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!
  22. 2 points
    I'm actually finding the PIA First suggestions useful, when comparing carefully with my own analysis, rather than simply agreeing with everything. I'm sure it's right more often than I am though. 😋
  23. 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.
  24. 2 points
    great interview in my opinion - posted here due to the discussion about US shale oil https://www.youtube.com/watch?v=BPjUCaueRLw
  25. 2 points
    Lean Hog always makes me think of a pig down the gym.
  26. 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.
  27. 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'.
  28. 2 points
    Latest countdown guide published in the Guardian this morning;
  29. 2 points
    Recently we have touched on an interesting and oft little know resource that technical and fundamentals traders alike leverage. The US Commodity and Futures Trading Commission issues the positions "commitments" of traders on the exchanges covering a wide range of markets (see link below). https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm Now traders will use this in different ways, as with everything in trading there are likely to be several different approached. Here is how I use COT data within my trading methodology. Note that I am a long term swing traders so I am looking for major trend changes to enter high probability/low exposure positions. Note also that a big part of this strategy for anyone doing it is to be contrarian when it makes sense (i.e. bet against the herd at the end of the trend as they pill over the cliff!). I am using Gold to illustrate this as I have been actively using it to inform my Gold trading, especially when I went Long in Sept & Nov 2018 (see my Gold and Silver Rally thread for the history on that one if you are interested) The bottom line on this is quite simple. When the the Non Commercials are heavily net one way or the other, based on historical swings and peaks and this occurs where my technical analysis is showing a turn I get ready to go the opposite way. most of these Non Commercials are trend followers and have to be in the market, where as retail traders can sit it out and wait, this is our one big advantage. The chart below shows annotations of where the Non commercials have been peak Long when the market turns down and vice versa. Food for thought. PS I use the combined Futures and Options data set.
  30. 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
  31. 2 points
    Afternoon all, below is from JPM - (3rd party, not advise, usual caveats apply): Jeff Simmons view on EURUSD given midterm outcomes ** Republicans keep Senate and lose House - Assuming we get an as-expected outcome, it is unlikely we get too much activity in the markets, although the USD could sell off a bit at the margin simply on the back of any possibility of the GOP keeping both chambers being removed from the equation. I would not expect such a selloff to exceed 50bp, and very likely it would be a good bit less than this barring any micro-overshoot in thin Far East trading conditions. Republicans to manage to hold on to the House & keep Senate - we would likely see a fairly sharp reaction higher in the USD, perhaps 1-1.5%, as the “Trump Trade” is revisited. Needless to say, such a move would be nothing like what we saw in late 2016, but I would expect 1.1300 to be seriously challenged in eur/usd and most likely broken. Betting markets have this House outcome as roughly a 35% probability, so the odds are not so remote as to not have at least a small element of risk premium for this outcome in the markets already Overall View - We remain tactical usd bears for the time being, with an obvious sense of caution and right-sizing around this event. The levels and overall positioning remain sufficiently convincing though to hold some exposure. In the Euro, 1.1440/60 remains important, and in my mind a close above this area is required to get the idea of an imminent break of 1.13 out of the current narrative.
  32. 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.
  33. 2 points
  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. 1 point
    Makes a lot of sense to me as you say it @BigDeal Who wants to start a spread bet company with me? Sounds like easy money
  37. 1 point
    watch out, Trump just responded and has upped the stakes, if you have an open indices position you might want to think about looking to the weekend markets for a hedge.
  38. 1 point
    No music, All my trading is automated these days on a server in the cloud. Or at least 99% of it is. I do like to have a bit of excitement now and again.
  39. 1 point
    @dmedin, I can't remember where I read this term 'mental masturbation' but it refers to those people who over analyse, who conduct extremely complex technical analysis, produce even more complex charts that look more busier than the London Underground and give intelligent sounding reasoning on what is likely to happen in the future but during all this time they are not trading the opportunities in front of them. It seems likely that there will be a move downwards. I will leave the 'waves' for surfers and for the sea! 😀
  40. 1 point
    "Stablecoins"! Interesting that. It is often the case that the early adopters get killed and a new paradigm emerges from the wreckage. This happened in the first internet bubble when the self appointed disruptors declared they would end big business by making everything free on the internet, while becoming millionaires. They were not able to answer the obvious contradiction and most of them lost everything as big business took over. The likes of Google and Amazon are now big business. They run their operations as a normal listed company must. They obey the rules (except for paying taxes, which will be addressed in due course as governments catch up). They are mainstream now, that is the price of success and the payoff of course. The obvious flaw in the crypto devotees argument is the constant citing of crypto valuation possibilities in USD (i.e. FIAT currency). Yes in order to actually make money on this they have to sell and convert to the very thing they are claiming to be replacing. In order to ascribe value to their crypto holding they have to refer to USD, because that is how it works. The point I have been making consistently on this topic, that seems to drive the crypto devotees mental, is that I believe the crypto story will end the same way as the internet bubble. The technology is very interesting, no question. Governments and accountancy institutions (including my own) are studying it with a view to leveraging in into the mainstream (principally to address lack of visibility/accountability in accounting and to bring in paperless currency, FIAT currency - Stablecoin?). To this end government will legislate private crypto out of existence and mainstream tech players will step in o pick up the pieces (enter Facebook... I wonder when Google and Amazon will kick in...). The providers of technology will do well as they will start to work for the governments of the world (probably via these big tech giants); it has already started. The current crop of cryptos, as the article suggests, will become valueless. Doubtless there is still a trading ride for those brave enough to take it on and I see upside in the crypto mania to come before the end. For me the end of crypto will be a signal for the end of the wider bull frenzy but are we there yet? Maybe but probably not yet. I could see Bitcoin regaining its past highs, maybe making some ATH above or perhaps a double top before the players cash again and pull the rug out from under the frenzy buyers (again!). That is a purely technical analysis perspective; obviously my fundamentals perspective is the exact opposite (hence I call this a mania, and the hype is exactly the same as that I experienced in 2000 - buyer beware!)
  41. 1 point
    trend line still holding !
  42. 1 point
    Nice move down through the 1 hour potential ending diagonal (or channel) followed by a couple of failed retests, the second one being right on the Fib 50%, before this pair fell away to now test the Daily chart larger channel support. A break here, after a small scale 1-2 retrace should bring up a move down to the next support level. Medium term I expect another reasonably significant retrace before the Bear really gets going. A rejection on the channel line will suggest another retest of resistance (or maybe another leg up) but those are scenarios 2&3 respectively for me at this point. Let the market decide...
  43. 1 point
    These big guys have all the resources to help decision making but they still have to compete with the market (each other), if someone's gonna win someone has to lose. You are not competing with these guys, your job is to follow, just try to follow one that's going up not down 😉
  44. 1 point
    One of the most searched assets on the IG platform has been Palladium this week, so I thought I'd just give a run down of a few things which may be useful to help your trading. Some of these are basics for the new trader, but there may be one of two things which you find useful. How to trade Palladium and where to research fundamentals FIND: under the commodities section, or using the search at the top WATCHLIST: right click on the asset and 'add to watchlist' if you want quicker access to this in the future NEWS: start your research on Palladium using the 'News' section at the bottom of the chart, or in the News flyout on the left SWITCH: swapping between spot and futures may be useful if you're going for a longer term view WORKSPACE: add to workspace to access the chart without using the flyout. Resize as required BUY/SELL: if you want to trade immediatly, access your deal ticket here WTO warns of slow down in trade growth - impact on mining sector Further reading Palladium Price: More Losses Likely as ’Bubble’ Bursts on DailyFX (March 29th) Brexit Rumours, Palladium Bubble, EURUSD Outlook - US Market Open on DailyFX (March 29th) Community thread on Palladium as below
  45. 1 point
    As markets get quieter over periods such as Easter, the liquidity dries up (buy and sell orders at different price points). This can cause opportunity for significant volatility so keep an eye our and be mindful. Can also mean that many 'models' don't work so well so indicators etc should be taken with a grain of salt. Still opportunity to trade out there ... just not as normal conditions.
  46. 1 point
    Hi @Caseynotes Yes you can do the same in the actual market trading screen with the info button at the top right - but it still does not tell you the market cannot be sold to open. This fact is also inconsistent across markets i.e. in the dealing process the info arrives at different stages. Bottom line is you could be doing some market research on trade set-up, at the end of which you eventually discover the market isn't even tradable. This of course is utter nonsense. IG should take down products that are not tradeable - in particular the forwards. All furcoat and a padlocked chastity belt.....
  47. 1 point
    Hi Dantro - please can you login to community before posting via https://community.ig.com/login and your Community account name will then allow me to link to your IG account and see what stock you're trading / where you have stops and limits. Alternatively you can give us a call or drop us an email with the specifics of your trade / account number and we'll be able to investigate.
  48. 1 point
    @PandaFace, there are a series of links to new pdf files, one of below. https://www.ig.com/content/dam/publicsites/igcom/uk/190200_IGI_UK_FX_Margin_Tiers_Retail.pdf
  49. 1 point
    Oh I see, I thought it was just being rubbished for the sake of it. It might be worth reading the OP again because the green dots are the calls. The green dots on the upper line are sell calls while the green dots on the lower line are buy calls. It was somewhat unfortunate that after days of sideways movement in the very hour of posting and the graph showing a short call on the weekly time frame bitcoin price suddenly pumped up, which was why I suggested adding the shorter time frame. The shorter time frame graph posted last night was rushed and not so clear but it actually looks quite good when compared to today's chart. Very interesting.
  50. 1 point
    Hi phill, if the top line is horizontal and the bottom line is ascending then it is an ascending triangle and repeated attacks on the horizontal resistance level will reduce the number of sellers at that level to breaking point, so the theory goes. It doesn't always work out that way and that is not a particularly good example as it's too drawn out which suggests the sellers are strong while the buyers are struggling to lift price back up each time. For triangles; https://www.babypips.com/learn/forex/triangles For wedges; https://www.babypips.com/learn/forex/wedges
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