Caseynotes

wouldn't surprise me if I'd mucked up as I switch between daily and weekly depending on chart time frame and day of week (on Mondays I use the weekly pivot on the intraday charts). but just checking and they both look to be set to IG mt4 default Daily HLC/3 (Typical). are yours different?

Dax and Dow neck and neck in the race to R1;

Looks like IG have re-vamped this page, not looked through it yet but it should answer your questions; https://www.ig.com/uk/about-us/best-execution

Dax pushing on through the pivot to catch up with Dow which is eyeing up R1.

Iran saying they will not cooperate and will not hand over the black box to Boeing so we'll just put that one down to pilot error then. 🤨

they are not the important bits at all and to think so shows a clear misunderstanding of what's important and what's not. a win rate with a risk/reward ratio that plots on the profitable side of the graph is ALL you are searching for, once you have that you have it all.

no, you build a system then you test it to prove it works or not. forget your TA. TA has nothing to do with it. people believe that a system needs to be complicated and catch every move and ride that move to the max. nothing could be further from the truth. a simple breakout past the recent high in an uptrending market could be enough. what would you need? a trend indicator, price action on a chart, a bracket order for entry and a 2x stop loss target. Here is what such a system could look like on a chart. Would that system be profitable (I don't know) so test it. if it doesn't work modify or discard and start again, if it does work then do it, a system with proven expectancy is exactly what you are searching for, that's it, start on small size and keep increasing.

👀 sometimes I do believe I am just wasting my breath 😂 if you have no proven system that has positive expectancy then you are just a gambler riding your emotions, no matter what playing field you are on. Be different, become a trader instead, build a simple system that has positive expectancy as proven by testing. Build it. Validate it. Do it.

@dmedin sort of, nearly, but not quite. there is such a thing as arbitrage, if enough people do the same thing others will find a way to take advantage and it will cease to work. but at the same time you also need others to join in and push your trade on. but none of that is the point. your 'edge' or system does not need to be brilliant or complicated. it is just a set of conditions that signals an entry and filters out more losers than winners so you are left with a win rate vs risk reward ratio that gives a profit over a number of trades. the entries your system signals don't have to be the best entries, just favourable. your trades don't have to be the most profitable, just favourable. you don't have to take all of them, just enough. your filters may block many great trades, doesn't matter. so long as the system, if adhered to, gives a positive expectancy is all you are looking for. but first you must have a system and second it must be tested to produce reliable stats. That's the only thing that will give confidence and negate the need for emotion.

yes but who cares? if you are emotionally tied to every trade is a telltale that you have no 'edge', no statistically backed system ruling your decision making. instead you are just riding your emotions which is exactly what a gambler must resort to.

"Came across a discussion on 'edge' or 'expectancy' that was moderated by a 'guru'. Chatter was all entries, patterns, stop losses, targets etc. That's not 'edge' or 'expectancy'. Edge is mathematical. How often you win and how much you win when you win. Below is mine for 2020" The Chartist.

The reason you see this as being no different from gambling is because that is exactly how you look at it. Listen to your own commentary; ooh it's up yeah, ooh it's down noooo, up, down, up, down. you may as well be on a race track 🏇🏇 At some point you will realise that that really is not the way.

Iran's Foreign Minister Mohammed Javad Zarif tweeted that Iran was finished fighting and was not actively pursuing any kind of escalation to the conflict. Markets look to be in recovery mode after Iran's missile attack. US response seems they are not surprised by Iran and may also be looking to settle the recent escalation.

Overnight Indices down on news of Iranian missile attack on US military base though S&P already back up to the Monday open price. Bonds and Gold up. Ger factory orders at 7am. EU business climate data at 10am. US ADP nfp today at 1:15pm may hint at Friday's main NFP release.

Nice beat on the ISM US non-manu PMI 55 at 3pm giving the Dow a boost up on a check of the daily pivot after a lame day so far. M15 chart;

yes occasionally they are on the right side but having watched these stats for many years the most common story is that retail traders go long as price falls and go short as price rises. This phenomena is more easily seen on the period charts and is easily missed using just the snap shots. The research is thorough and well documented on the site and has formed the basis for developing Retail client sentiment data into a contrarian indicator for FXCM and DailyFX and must be well over 10 years old by now.

Video featuring IG Client Sentiment data;

Looks like DailyFX are re-vamping their IG client sentiment (market positioning) pages to include a time period chart as well as the snap shot so similar to the way FXCM does it. This makes it easier to track changes in IG client sentiment. Hover mouse over a market to highlight it and click a then click on chart. Not all markets available as yet. https://www.dailyfx.com/sentiment

Tech ETF vs Cannabis ETF;

Oh well, there goes the Lambo;

👀😮

The new HTML 5 Share Dealing platform is expected to be rolled out in the next few weeks. The Spread Bet and CFD HTML 5 platforms are already in use.

S&P 500. Last 30 years total return 1627%. Best performing stocks over the last 30 years; (The Market Ear)

dam n right 👀

oh wait, double tops and bottoms you say (not H&Ss), http://thepatternsite.com/chartpatterns.html