Caseynotes
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Posts posted by Caseynotes
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12 hours ago, backwardation said:
Will we ever get PRT 11? Should I just return this potentially amazing gadget?
Both the 2013 ProRealTime upgrade and the 2016 one both took just under a year after being released by PRT to be rewritten and released on IG, that is in line with the recent update that the new IG version should be arriving beginning of Feb. A cautionary note though is that the IG version doesn't usually have all the features that the premium PRT has.
I was looking at your Streamdeck and it looks great, it's a re-programmable controller and has been out for a few years now, looks like it was originally aimed at the movie making crowd. I remember when the PRT 2016 upgrade came out it had a new function to use a controller to input data, in the top right corner on PRT (if I remember right) are different icons to select the input device, one was a keyboard and the new one was a game controller, are you sure that it won't work using the current PRT version?
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11 hours ago, backwardation said:
Let me chime in and add more pepper to this discussion. I'm consistently profitable (on a weekly basis) and I have some incredible wins.
Ha ha, brilliant, well done. You've spoken before about your trading style, a bit too risky for me but great to see it working well for you.
Nice touch to the additional to the old saying as @Kodiak points out.
'there are old traders and bold traders but there aren't any old and bold traders', the additional being, because the bold ones got rich and retired early 🥳
As @dmedin points out the vast majority of noobs just don't make it on their first go, they vastly under estimate the time it takes to learn and so always run out of resources before they get there. As I said earlier this stuff can't be taught in a university, it's a development process that takes time (and therefore money) and most are forced to drop out before they start seeing results but that's one of the lessons and many come back better prepare the next time.
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Trendfollower says;
'i never said full time traders don't use forums I said traders who are consistently profitable don't use forums'
er, how can someone trade full time for years on end and not be profitable? once again you are hiding behind semantics to pretend you are not taking a pop at others on the forum when you obviously are.
I don't need to publish my stats, I'm on this forum (and others) all day every day and have been since early 2016 when it started, that should tell you all you need to know. Why should anyone come forward when they know they are just going to be trolled and goaded into 'telling all' (with documented proof) by people like trendfollower who, as I mentioned earlier, has been down this path many times in the past. It just smacks of desperation, there is no holy grail that can be packaged and handed over, it is, in fact, a personal development process that can't really be taught, the skills are not really transferable.
As the OP said, they are not looking for anyone to 'reveal all' but trendfollower is and has been for years, so clearly it is he who is actually trying to subvert the thread.
I hope for once he doesn't escalate this side track and go all unprofessional again 😢
anyway i can't sit round here all day setting you jokers right, i've got questions from real traders on other forums to answer, toodle pip.
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11 hours ago, catvs said:
Thank you so much for the answer and the link - very helpful!
You are very welcome.
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33 minutes ago, Adam71 said:
Hi All,
As the temperature of the discussions have raised (see above) and I am the one who started with that Hot topic, I will put myself forward then...I have been starting a new strategy that brought so far, win rate: 86% (19 winners on 22 opened positions), win ratio: 0,75. Risk ratio: 0,4R....All bringing an Edge of 1,5 that IG calls Return ratio with Return Ratio = Edge-1.
My Risk ratio is quite problematic. So when the market became unfavorable, the 3 losses in a row crushed a big chunk of the gains. It became so scary that I significantly reduced the size of my positions for the next winners. Please also note I could not understand that my system was not fitting anymore at that time until I compared the charts linked with the loosers vs the charts linked with the winners. But at least I could finally see what people meant with "market cycle"...
I am glad for having reached that point, after 400 positions of pure disaster. After having climbed this mountain, I see already other mountains coming....So I decided to get out of my isolation and to start sharing comments.
Now: I obviously cannot conclude of any consistency out of 22 positions only, plus the market does not offer the expected signals everyday. Though not opening a position is already having a position, I am also struggling with the pure respect my strategy. That comes from the Greed. It is an hard fight for me. So I opened other positions ...They bought 10% of win rate.
If that strategy still works after 50, 100 positions opened with the full respect of the parameters and signals I will let you know. I will obviously not share it in details (it was not the aim of my first question anyway). I also do not expect any successful fisherman to tell me where he actually fishes...And I do not fish anyway
I wish you all a profitable trading year...Have fun
Interesting stuff and thanks for sharing. I did think it was important and pertinent to the thread to dispel the erroneous assertion that full-time traders did not use forums as was suggested by another poster.
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Funny, I've spoken to dozens of professional traders in forums over the years, I know they are full time trading because we chat throughout the day discussing markets and trades. They tell me that there are full time traders on forums, in spite of what trendfollower might say 🙄.
Trendfollower doesn't expect many traders to step forward and divulge their trading stats and he should know because he's tried to get them to do the same for a couple of years now in a desperate attempt to get someone to show him how to trade. Note he has never once offered up his own running trading stats at any time.
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Markets clearly not expecting WWIII is imminent or even the long awaited financial crash in spite of it being 'predicted' every year since 2016. Oh well, just have to keep playing the bull then, boring.
H1 charts;
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4 minutes ago, CharlotteIG said:
Dow is down 280 pts for the day after US air strike on Iran. Is this a trend or just reacting to recent events.
The early reports were breaking around 1am and coincide with the first large H1 red candle on the Dow which precipitated the retrace of the entire Thursday leg up. But no doubt there will be plenty who claim the move was caused their TA or 'predictions' though 🤔.
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11 minutes ago, TrendFollower said:
I don't trade FX so I am not one of them.
However, I personally feel that if there was anyone who was constantly profitable trading FX then they would not be spending their time posting on here. They would just be getting on with trading and consistently making profits
Ha Ha all you FX traders on the forum, @TrendFollower here is calling you out as a pack of deceitful liars.
Obviously he feels that successful FX trading is either so exhausting you couldn't possibly find the time to post on forums or that you should be so smug you wouldn't dream of ever doing so in the first place.
Delicious, can't wait for the responses.
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12 hours ago, Adam71 said:
Hello,
well, my first message may sound quite direct (or scary ?) but before sending posts, comments and other type of material, I would like to know if any member of the community is a consistently profitable FX trader ? I do promise not to track anyone with any further mail and questions. Just would like to know if any of you belong to the 10% (or 25%) who actually make it.
I´ve been trading for 14 months...Still trying to find the trading system who eventually will lead me to FREEDOM. This is an amazing quest !!
Thank in advance for the answers
Hi, there are certainly traders on here who are clearly full time and have been posting on the forum for years. Finding consistency, there's the thing, especially with constantly changing market cycles and can take years.
With regards finding a trading system your best bet is to build your own that suites your situation and personality. You have already seen the 'Trade Planning and Testing' thread so start at the beginning and it should help you decide what you want to do and show how to set about building a system that is right for you.
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11 hours ago, catvs said:
Hi guys,
A quick question abt the algorithm IG uses, or I mean logic, when the indices/futures are closed, but IG allows trading. How is that priced? As I don’t see any volumes, etc. I understand that when let’s say SPX futures are traded, then for instance DAX futures (CFDs) are linked to them somehow. But when US is closed as well, how are they deprived?
For instance today see spikes in SPX, DAX, DJI, but nothing in futures...
Thank you for your thoughts
Cheers
Into the mix you need to also chuck in the liquidity providers who supply IG with contracts/prices in and out of hours, so in order to keep IG's market flowing they are plucking prices from a large number of different sources with prices based on the underlying or futures or what is available from an assortment of liquidity providers.
see 'How we source the best prices';
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6 minutes ago, dmedin said:
It's still sinking my bonnie loon 😨
my signals started failing at 9:30, keep doing it til it stops working then stop, sit and wait for a new move 😐
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12 hours ago, Aion771 said:
Hello everyone,
How do I access IG's new trading platform for equities trading?
Thanks in advance.
Hi, the latest update was that it is due to be rolled out at the end of this month/beginning of Feb.
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Both Dax and Dow trying to bottom out here after another push lower on the London open.
H1 charts;
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1 hour ago, scottlo said:
Any thought on latest profit results.
https://www.telegraph.co.uk/business/2020/01/03/next-raises-profit-guidance-strong-christmas-sales/
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Dow looking for support at 28636 giving up it's 300 point gain from yesterday after US assassination of Iranian military commander in Baghdad overnight. London open should be interesting, will traders decide to get out before the weekend and possible Iranian retaliation or decide to sit tight.
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Indices reverse yesterday's gains on news of US bombing of Iranian military personal. Bonds, Gold and Oil up.
US ISM manu PMI 3pm (non-manu PMIs next week). Minutes from the last FOMC mtg released at 7pm.
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Fake steak bake sounds great. 🤒
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44 minutes ago, cheviot said:
At an RSI of 87 on a weekly basis and somewhere near the end of a fib extension...Has Apple had its chips ??? Its priced for perfection ...and as we all know perfection is rare...Take a bite out of Apple , I think the upside/downside is wildly out.....Time to tip over the Apple cart ???
🙂 as bullish a chart as you will ever see, looks like RSI has sent away for the IKEA catalogue, it's been in overbought since the beginning of Oct and doesn't look like leaving anytime soon, and MACD with not even the hint of a signal line cross over. Also consider how many extension levels Apple has driven straight over for years now without so much as a 'pardon me'. Short at your peril.
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Useful and fairly extensive guide to trading breakouts, looks at different breakout set-ups and the do's and don'ts, includes several videos.
First published Dec 2018.
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13 minutes ago, cheviot said:
Hi Folks. Happy new year to you all. Quick qu about a fib extension. My theory is that Apple is running out of steam around here because If you put in a Fib extension off .....the lows of 2019 you get a fib extension to around $301. However From which launch point do you extend from ( in an ABC correction) .....A or C ( i.e the max depth of A of B or the final drop of C of B ). ???
ha yes, therein lies the nub. you pay your money and take your chances. subjectivity is at the heart of all indicators, there is no right and wrong way, just your way.
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Dax pausing at the weekly R1 and Dow within striking distance of it's all time high.
H1 charts;
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Yes, may well have found bottom at last. Impressive Tues candle, will be interesting what happens on the open today.
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17 hours ago, UN1234 said:
I am trying to see what the maximum spreads are on forex CFDs, but haven't found that information on any IG website yet. I can find e.g. minimum spread, but the arguably most important is the maximum during e.g. 5pm EST etc. From my demo account I have seen some pairs spike to 35, or even 50-60, but is there not a chart/overview of historical spreads somewhere?
Regards.
2 hours ago, dau710 said:I find the easiest way to see a Current spread for any IG market is to open the IG Markets Web platform, click search and type the market type, then open the deal Tab and the current spread is displayed automatically. 😀
That's correct, with a variable spread system you need to keep an eye out. It all depends on the current availability of prices from liquidity providers and a spike in the spread may last just a couple of seconds or a raised spread may be longer for planned news events etc. The advantages of the variable system are a lower spread overall.
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TA - Technical Analysis
in General Trading Strategy Discussion
Posted
Interesting short video from Tradeciety looking at different win rate and risk/reward combinations and how to match them to your own personality and trading style.