Caseynotes
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Posts posted by Caseynotes
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This is a useful little tip on timing pullback entries and shows how you can spot when a pullback is profit taking (by the bulls in this case) and not a serious attempt at a reversal by the bears. A case of waiting for the bears to obviously fail before looking to enter.
Your Trading Coach @YTCtrading
"It's not always as visually obvious as appears here, but this is a key principle underlying ALL my pullback entries."
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13 minutes ago, dmedin said:
This seems pretty generous, he'll be the only bloke trading it so I bet IG will be hedging by betting against him
Or with him, if he's any good
with 10's of thousands of markets out there it's often the case that the broker will wait for client interest before including a company onto the platform.
The hedging by IG is not to bet against you but if required works the other way around. So if IG wants to hedge against your trade they will take out the same trade in the same direction so if you win so do they and they can pass their profit over to you, if you make a loss they take that loss to compensate their own loss.
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"Our call of the day from the founder and chief executive of Ciovacco Capital Management"
He said the bigger picture for stocks is now coming together. “A sound argument can be made that the stock market made a cyclical low in 2018 within the context of a secular trend,” Ciovacco said. He was alluding to that big equity drop in December 2018, while a secular trend refers to a rising or falling market trend. It can last from five to 25 years, peppered by smaller bear or bull markets, respectively.
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3 minutes ago, dmedin said:
still waiting for someone to meme the pic above 🙂
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10 minutes ago, Kodiak said:
DAX seems to be between a rock and a hard place?
I wonder where the max pain is?
"Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration."
the key is the interconnectedness of these large international companies and their dependence on a booming US economy, currently Dax and Ftse are marking time waiting for that next US boom, note marking time and not collapsing because markets are expecting US growth in the future. If the US economy picks up substantially then so will demand for Audis, Mercs and BMWs, same for Ftse company products. Markets have been waiting for some kind of resolution to the US/China trade dispute and true the picture is still not clear but is clear enough to encourage the US markets, if that continues the others must follow.
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2 minutes ago, dmedin said:
Watch the video - absolute cringe: https://uk.reuters.com/article/uk-usa-trade-china/china-u-s-sign-initial-trade-pact-but-doubts-and-tariffs-linger-idUKKBN1ZE0ID
not really a Reuters fan;
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Recession probabilities coming down for Ger, France, UK and Spain.
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6 hours ago, RichardSmith said:
How does it work exactly? Say if I buy Sep 20 ones or March 20, won't I need to pay overnight charges? What's the difference with buying cash?
Hi, where available futures and forward contracts were specifically designed to be more cost effective for holding longer term, you pay a higher spread which needs to be repaid each rollover (usually 3 months) but you don't pay any overnight fees.
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Russian Government Resigns To Allow Putin To Change The Country’s Constitution.
New cabinet sworn in;
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Dow and S&P make new highs, Dax still trying to escape key resistance and Ftse though remains in touch with key resistance lacking drive.
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Indices up and the S&P into new highs again, Bonds and Gold down, Oil up.
Today EU accounts at 13:30. US retail sales at 1:30. ECBs Lagarde speaks at 6pm.
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Dow races straight up to R1 on the US open which is just a touch below the all time high.
H1 chart;
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2 minutes ago, dmedin said:
What if the t*rd's 'amazing deal' is a great big nothingburger? I don't really have the stomach for Trump-watching. 😵
the risk was that the Chinese would play the same game as last time when the presented a rewritten deal at the last minute reckoning the US would sign rather than have nothing but they didn't sign. still a lack of details this time round though.
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9m
It's hard putting a trade on knowing you could lose. Unfortunately, instead of embracing that possibility, most traders develop unhealthy coping mechanisms. They place the trade but convince themselves that they're right by overly focusing on details that confirm their views.
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3 minutes ago, milbourner said:
Yes, that's correct
ok, hopefully @CharlotteIG can help out on how to move forward.
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The US/China phase 1 trade deal expected to be signed this afternoon (GMT) but there seems to be a lot of uncertainty as to what, if anything will be revealed as to what's actually in it. Could well be a market moving event one way or the other.
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23 minutes ago, milbourner said:
Hi,
I've got a very neglected account which I put a very small amount of money in a while ago and pretty much forgot about.
Trying to withdraw what money is left in there and confused by the account values - hoping someone can explain.
My account value is positive, but the 'cash' value is negative. How is this?
Thanks in advance.
hi, what sort of account is it? is it a share dealing account that incurs a quarterly inactivity fee.
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21 minutes ago, dmedin said:
The U.S. indices are all testing support this morning 😎
as is often the case in an uptrend, an early check of support before an attempt to drive higher. The opposite is also often seen in a downtrend, a check of resistance before an attempt to continue lower.
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4 minutes ago, dmedin said:
There are no futures offered for the cannabis index. It's a problem. Might be worth finding the corresponding ETF (if there is one) and buy real shares, but it would have to be with another broker because IG are puritanical middle England types.
no futures on the index yes but I was thinking of Aurora as was mentioned by the poster above.
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11 hours ago, RichardSmith said:
I'm long on Aurora, but feel it may take another year before it starts pushing upwards (if it survives at all). Wouldn't IG commissions on your long position eat all your potential gains over years or am I missing something? I find it very expensive to have long positions on anything using IG portal. Am I missing something?
There are threads on which is more cost effective, spot (DFB) or Futures (Forwards) which have a larger spread but no overnight interest fees, but can't seem to find the one I'm looking for. As I recall basically if you are looking to hold longer than 1-2 weeks then the futures is cheaper but less than that then the spot is cheaper.
see this recent thread to find the futures/forwards charts.
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14 hours ago, ataurrehman24 said:
Dear sir,
I want to open live trading account but I am from Pakistan so how I can open live trading account from Pakistan and also I want to ask about mt4 platform because yesterday I open demo account in IG.Com but I don't understand that how I will use my Demo account in mt4 because there is no any details about mt4 platform so plz help me how I can use mt4 platform in IG.Com.
King Regards,
Ata Ur Rehman
Hi, once you have downloaded mt4 from IG, open mt4 go to 'File' > 'Open an account' highlight the IG demo feed, click Next and follow the instructions including check to receive newsletter. The platform will generate a login and password for your new demo account.
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Dow attempted to push higher and lower yesterday but supported at 28768 and capped at the recent and all time high. The deal signing today may provide a spur. Not much on the calendar other than the continued bank earnings and US PPI. Dax and Fstse waiting on S&P and Dow to move.
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Or with him, if he's any good 
Something Interesting
in General Trading Strategy Discussion
Posted
How do I vote for Jeremy Corbyn?
Britain Elects @britainelects
Labour leadership voting intention (first preferences): R. Long-Bailey: 42% K. Starmer: 37% J. Phillips: 9% L. Nandy: 7% E. Thornberry: 1% via @Survation, 08 - 13 Jan Note: Survey of LabourList readers weighted to reflect Labour's membership