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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
    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).
  4. 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!
  5. 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...
  6. 2 points
    Scream if you want to go lower!!!
  7. 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.
  8. 2 points
    Oil volumes this morning are exceptionally low. Almost no sellers. Be careful in either direction.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. 2 points
    still hanging on in that channel !
  14. 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!
  15. 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.
  16. 2 points
    great interview in my opinion - posted here due to the discussion about US shale oil https://www.youtube.com/watch?v=BPjUCaueRLw
  17. 2 points
    Lean Hog always makes me think of a pig down the gym.
  18. 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.
  19. 2 points
    Latest countdown guide published in the Guardian this morning;
  20. 2 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.
  21. 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.
  22. 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
  23. 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.
  24. 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.
  25. 2 points
  26. 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).
  27. 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.
  28. 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.
  29. 2 points
  30. 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/
  31. 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.
  32. 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.
  33. 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 !!!
  34. 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.
  35. 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!
  36. 2 points
  37. 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.
  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
    @nit2wynit, Those who rely on hope and luck are most likely to be gambling. If you can now look at 'odds and probability' and use this when making your trading decisions and always think have the 'odds and probability' increased in your favour and do they provide you with an 'edge' when making that final trading decision. This will really help you to move to the next level. When sifting through potential trades it will help you to fine tune which trades offer you a better or increased chance of success. Hint: Look at trend direction, trend strength, price action and volume as a start. Remember price action is king.
  40. 1 point
    I think I'm just too stupid. Just lost money off the recent spike after 13:15, everything came back > 50%. I'm just losing money all around the board. Being eaten alive. Time for me to get out I think....
  41. 1 point
    lots of TA stuff in loads of videos https://www.youtube.com/channel/UCKJrIKs2GPZOoICuyLUM1_g
  42. 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
  43. 1 point
    The 7am hourly candle failed to take the pivot so price went back down to check S1 and nearly got as far as S2, the bulls are currently trying to overwhelm the sellers who have gathered at S1 to defend their short positions. H1 chart; And look to be doing a good job;
  44. 1 point
    @jruthe3000, yes, they trade by telephone to the dealing desk only.
  45. 1 point
    I my personal experience Commodities as an asset class is very good in identifying trends to trade. In the past 12 months: Oil has seen a downward trend followed by a recent upward trend Natural Gas has seen a monumental upward trend followed by a quick and sharp downward trend Carbon Emissions has seen a strong upward trend Precious Metals have seen strong upward price movement especially Palladium and now Gold / Silver Iron Ore has seen a recent 'rocket' surge Orange Juice has seen a downward trend Lumber (my personal favourite) has seen a strong upward, then strong downward and now followed by upward trend Live Cattle has seen a strong upward trend These are just some of the trends (above) from memory I have listed. I am sure there are many more. Focussing on and concentrating on a specific asset class can help obtain the necessary knowledge, experience and specialism in trading that market rather than focussing on many different assets. This is especially important for new and inexperienced traders. As more experience and success is gained then one can branch out and apply trend following into various different asset classes. The key for trend following is to make profits on markets which are trending both upwards and downwards.
  46. 1 point
    Hey - I've asked @WillA to have a look at this. If there were any inaccuracies or false prints we will of course look to resolve. We do not spike markets or stop hunt, however in some instances there can be printing errors on charts. I will update.
  47. 1 point
    https://www.prorealtime.com/en/video-tutorials
  48. 1 point
    The recent disconnect between the US and other DM continues while EM continue their slide. If this is all down to trade wars it's seems clear who must be winning but that's not the whole story. A while back in another thread I relayed a report I had read about the improved repatriations of US company profits back into the US thanks to Trump's cutting of corporation tax. I'd seen a report that the figure had risen from $38 Bln previous to nearer $380 Bln for 2017. But a few days ago I read a Bloomberg news report that repatriations were $380 Bln (up from $50 Bln average over last 5 years) for Q1 of 2018. Admittedly I may have misread along the way but whatever, there is a lot of money coming out of other markets back into the US economy. So looking at the weekly charts again, from a technical stand point. Dow is looking to test the highs 26166 and 26703. Dax looks to test the low of 11690, FTSE the low of 7094, Nikkei the low of 21834 and 21451.
  49. 1 point
    Thanks for that @TrendFollower, great post. I've never actually traded on the AIM before so was keen to get some idea of what it's actually like. My impression has been that it is a market where you need to spread yourself thin and wide to have any hope of netting the 'next big thing'. The other concern was, looking at some of the company's charts, the high frequency of gaps and poor liquidity a lot of the time. It's one thing to want to get out but another to be actually able to do so at anywhere near your pre-selected point. These are some of the warnings for the inexperienced that are often tagged on web sites concerning AIM but many seem happy to ignore them and only consider instead the promo material of it being the fastest growing market. The promo material neglects to state that it probably has the highest dropout rate of any market as well.
  50. 1 point
    And this might be against forum rules of something, but any recommendations for US trading accounts for infrequent traders (e.g., once or twice a year) who are just planning to buy and hold for 10+ years?
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