Caseynotes

thought you already had this sorted. You don't need any of the above or Reuters or any of it. Step 1/ look at the chart. is it going up, down or flat? if flat walk away. if up you are looking for longs, if down looking for shorts. are you with me so far? good. Step 2/ for longs look to buy a dip. if no dip presents then look for a break. that's it, really. you can chuck all that baggage in the bin.

Hi, it's probably site permissions not allowing Flash to run. Click on the padlock icon in the address bar and settings then set Flash to Allow (not Ask) then exit and click the 'reload page' banner.

Dow and S&P break into new highs, S&P at 3,200.

Hi, yes spread betting is nearly the same as contracts for difference but is not taxed. Both are leveraged type accounts and you are trading a derivative of a product rather than the actual product itself. So you will use some leverage but that can be limited by using smaller position sizes (bet size or number of contracts) on your trades rather than using the maximum size allowed (using up the full margin requirement on your account ). On IG's web based platform the lowest size is usually 50 pence or £1/point, on the MT4 platform it is 10 pence/point.

right, I think I'll start up a business instead, oh wait ... 90% Of Startups Fail: Here's What You Need To Know About The 10% https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/

Considering Biden Snr and Jnr could both be in jail for their part in Ukrainian corruption could end up a race between Saunders and Trump. Delicious. Still needs a driver, a pattern itself isn't a driver but more of a coercion or sometimes just a clue as to possibilities. I'm thinking of writing a book called 'Failed Chart Patterns' and have lots of pics of chart patterns that never worked out, you don't ever see that. Do you think it would sell?

The US Senates partisan political stunt of voting to impeach Trump has truly backfired as his approval rating has increased since the hearings began and Stocks and USD don't care. Republican leaders have said not a single Republican will vote for his removal from office and in the betting for the 2020 election race Trump has surged into an even greater lead while all Dem candidates have all fallen. Dow and S&P remain in touch with the highs, Ftse still at the breakout highs from earlier in the week. China still trapped under key resistance.

Overnight Indices up USD down. Bonds, Oil and Gold up. Today UK retail sales at 9:30am and BoE rate decision and mon pol statement at 12:00. US jobless claims and Philly Fed manu survey at 1:30pm.

yes you're right, don't short this stuff, ever. watch the cardinal cash vid in the Something Interesting thread and learn 🙂.

what 🙃? The daily pivot points are calculated on yesterday's OHL so plenty rhyme and reason, check the chart below. The 8am bar this morning went straight up to tag R2, the next H1 bar was a doji after retesting R1 and higher above R2, then price went on to test R3 and pulled back on the last bar of the day. After yesterday's pause bar on the break peeps were looking for continuation this morning and they got it.

Too much swearing but too funny not to post;

3,200 here we come;

FCA warns of scam clone company OptionFX who are using PIA-First's registration details. https://theforexreview.com/2019/12/18/uks-fca-warns-against-clone-firm-optionfx/

true but worth keeping an eye on to see it's a true breakout. had good news on monday see pic.

@dmedin, see;

Great News, the average age when people see the light and crossover from supporting socialism to supporting conservatism has dropped by 8 years, now the average age is 39, down from 47. (You Gov). That's the amount of real life experience needed to see that socialism is not about a fairer society at all but is really about taking complete and total control while conservatism is not about selfishness but is really about protecting personal freedoms.

A pause day yesterday so no doubt all the permachickens will be out again today to tell us that the market has reached a pivotal point and is about to rollover and die. yawn.

After a pause day yesterday Indices and Oil are down, Bonds and Gold are up. Today Ger business climate at 9am, UK CPI at 9:30, EU CPI at 10am, Cad CPI at 1:30pm, NZ GDP at 9:45pm.

sorry if I've misunderstood the question, account = 2000, will risk 1% on a 10 point stop trade = 20 CHF risk (stop loss). On the platform you can see that 20 CHF risk is equal to 2 mini contracts trade size. To cover the trade you need 653 CHF margin in your account. So start with the amount you are willing to risk then work backwards to see what trade size that equals. https://www.earnforex.com/position-size-calculator/

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Members 0 1 post Posted 3 hours ago Hello everyone I have a capital of 2000 Swiss francs and I wish to trade the mini USD/CHF. When I take out a contract with 10 stop loss points, I see that you need to have a cover of .... 92.18 francs! It means that you must have a capital of 9218 francs if I want my position to be 1% of my capital? Me I thought that it was necessary to have 2000 francs minimum because on the mini USD/CHF 1 point is worth 1 francs and therefore with 20 points I accept a loss of 20 francs which represents 1% of my capital and I try to get ratios of 2.5 or 3 (I do DayTrading). So my question is as follows: Should I base myself on the cover that my position requires to know how much I will invest my capital or should we base ourselves on the value of the point in francs? Thanks for reading. I hope to get clear answers

As I mentioned in this thread (or another one) earlier, you need to use orders to get in if expecting a sudden high volatility move because orders are processed on a first come first served basis and so trying to use a market order puts you at the back of the queue. The computer doesn't know who you are it just processes the orders in sequence. See below I got filled bang on 10pm and so could you have.

I can see your TA and know exactly how to take advantage of it so I'll call and raise you 20 🙂