Caseynotes

I can see what your saying but think you may be over estimating the sophistication of the average retail client. The SSI figures are for clients with open long or short positions so covering to get out of a long just removes the long and doesn't add to the short side. Any system that works for you is valid and I wouldn't knock it but your average retail punter has little experience and only lasts about 6 months, they always seems intent on basically trying to call tops and bottoms which they generally don't have the skill or experience to do. So they just keep reloading after each stop out til the account is gone. They would be far better concentrating on learning a simple trend following strategy to begin with. As I inferred earlier, every time there is a single red daily candle on the Dow or S&P everyone falls over themselves to declare 'this is it' the top is finally in, get short. After years and years of it it really starts to grate, particularly with so many noobs so keen to just jump straight in on any shout out.

"In 2019, "820 natural catastrophes caused overall losses of US$ 150bn, which is broadly in line with the inflation-adjusted average of the past 30 years." https://www.munichre.com/en/company/media-relations/media-information-and-corporate-news/media-information/2020/causing-billions-in-losses-dominate-nat-cat-picture-2019.html

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. 🥳

that's true enough but I'm looking generally at the 70% of IG clients short the S&P, a figure that's been fairly consistent for the whole of the last year while the S&P was up over 28%. "Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider."

Yield curve signalling lower recession risk;

S&P in previous incumbent presidential election years;

Friday turned out to be a day for profit taking after a strong week and now seeing price moving back up towards the highs. Friday's market profile showed the POC was stable and did not migrate lower through the day which would have been the case if there was new money selling. Plenty of people over the weekend telling us on SM and forums that this was it (again), the market is about to dive lower. These guys are always wrong more often than they are right. The truth is that no one can predict the future so why do they even bother, something internal drives them to it and your best bet is to completely ignore all of it. The charts will tell you exactly what's happening, regularly review the charts from monthly down to H1, see what's really happening and look to tag along, don't bother trying to second guess and front run, there is no need.

After the weekend Indices up Bonds and Gold down, Oil up. UK GDP and manu prod data at 9:30.

ah ok, the problem seems specific to your account and it's strange as you've had the chart open before, you may have to phone the helpdesk and ask for tech support.

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oh look, that example system in the post just above that I completely made up on the spot would have given 3/3 winning trades on the current gold chart. I keep saying forget TA, it's only a guide and there's not much you need to know, only price action on appropriate chart structure can trigger a trade. You've been posting for a year and I've no idea how you trade, I think the reason for that is neither do you. Try reading and following the thread instead of wandering around doing your own thing. Decide on one time frame and on one market which to apply one entry type. Then look at building your own simple system specifically for that.

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'NURSE' 'NURSE', 'MEDS QUICK'!!

Good point, see this comparison page; https://www.ig.com/uk/investments/share-dealing/comparison

hi, I don't think anyone from IG was on the forum yesterday. Charlotte is the main go to person so if you add @ as in @CharlotteIG she will get a notification her tag was mentioned in a post. Also consider they can't address specific account queries on a public forum so may end up pointing you towards the IG helpdesk to pursue the issue further.

Hi, sometimes this happens if it's the first time you've opened the chart, there is not the historic data loaded, it seems to right it's self fairly quickly, maybe try a platform restart.

great, so this is just an average run then and bound to continue for at least another few years. 🥳

ok, I vaguely remember peeps discussing it here in the last few years and thought someone had a get round for the problem but I may be wrong, anyway there are a few api'ers check in on this forum so maybe over the weekend someone might offer up some news. Reply to this post tomorrow sometime to keep the thread up on the noticeboard so others might see it and respond.

Dow high of the day 29055 new all time high. Same for S&P. S&P retail positioning (bottom chart) and the crowd massively short as they have been all year, obviously all contrarians have been long all year, may all you bears continue to keep buying short contracts and keep this bull rolling. 😂

Great week for Dax close to all time highs; Weekly chart;

Donald J. Trump @realDonaldTrump 18m “11,000 points gained in the Dow in the 3 years since the Election of President Trump. Today it may hit 29,000. That has NEVER happened before in that time frame. That has added 12.8 Trillion Dollars to the VALUE of American Business.” @Varneyco @FoxNews The best is yet to come! everyone's waving 'Dow 30,000' hats! I want one😉

well in today's market yeah, not much to write home about on that chart;

could be, you mean a leg higher on the US open then a drop down into the US close?

yes but a slightly negative report on a bullish market isn't going to cause fireworks, will be interesting though to see how things go into the end of week close, will there be profit taking or adding in?

yes, amazing. the market has failed to crash and burn on a massive 15k miss on the 160k target. must be down to overall bullish strength then.