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Caseynotes

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Posts posted by Caseynotes

  1. 3 minutes ago, DaveBarter said:

    Anyone else getting Paragon Banking as un-tradable online at the moment in IG?

    It has the telephone icon next to the name on the chart so need to call the dealing desk to trade.

  2. 7 minutes ago, NixCool said:

    Even though the IG analysis is quite basic, it has been excellent in helping me define/verify my strategy for trading...  Even thought I have only been using it for probably a month, it has helped me tighten up on my trades and has been incredibly useful in removing the "emotional" aspect of trading...  Running completely by the numbers I suppose lol... still got some ways to go, but for the moment, it is good enough for me....  I will look at some more in depth analysis eventually, so some of this conversation has peaked my interest in looking into some other tools

     

    you're right it is good enough to help develop a workable system. 

    So count 20 trades and note the score, is it positive or negative, do I need to make major changes or maybe some small adjustments. Keep comparing every 20 trades to refine your system, keep note of what has been tried, what worked and what didn't. 

    Don't be tempted to abandon a test before the 20 trades are up, you may have just hit an unlucky run, you need the average over a reasonable sample size to know.

    • Like 1
  3. Buy the Bulls @BuyTheBulls

    If you’re the buy and hold type this low maintenance enhancement will make your life a hell of a lot more comfortable. Especially if you need funds in the middle off a GFC meltdown.

    "In summary, a low frequency strategy with minimal workload that provides a slightly better return than buy and hold, yet without the significant downside that a buy and hold investor needs to contend with."

    https://www.thechartist.com.au/the-10-month-timing-model/

  4. Dow and Dax looking to follow the S&P and put recent resistance behind them and continue up the chart. Big break by Ftse yesterday while China approaches it's own near term resistance.

    image.thumb.png.b5a66bd749cb05e70b02c826e2850993.png

    image.thumb.png.4cf1a0a2922544783e6b9a244a94fcce.png

    image.thumb.png.57ca9ed233ffb206ce93caee6683e325.png

    Ryan Detrick, CMT @RyanDetrick

    3d

    Want to make a bear angry? Point out the NYSE has gone nowhere for nearly two years, but finally made new highs yesterday. Future returns when it goes at least a year without new all-time highs? Since 1980, higher 6 months later 7 of 8 and higher 12 months later every time.

    image.png.32f2c8661bf29082052aa683e93775b1.png

    image.png.acf3d804581f6bfe607129923e4c7b17.png

    • Great! 1
  5. 1 hour ago, Guest LAT96 said:

    Are you still trading and do you still use signal centre? Has it brought you any results? 

    hmm, the post is nearly 4 years old which bodes ill for the OP but hey, good to see I was offering great advice even way back then.

    • Great! 1
  6. 21 hours ago, Screening said:

    Hi Friends, I hope everyone is well. I just wanted to ask how to set up email and text alerts on MT4 please?

    Many thanks

    Trevor

    Hi, you will need to download the IG mt4 app pack which includes the Alarm Manager;

     

  7. 14 hours ago, dmedin said:

    Just listened to the Jack Schwagger podcast.  Typical BS:

    Stick to the rules and be disciplined!

    Except when it stops working - then change the rules!

    Know the market!  Limit your losses!  Analyse every trade - that will help prevent you losing!  But everyone loses throughout their career!  It's all about losing less frequently!  Blah blah blah ...

    In other words, 'To hell with this ... I'm going to get rich by writing a book instead' :D:D:D

    the snag with your thesis is that he was a demonstrably successful trader before he started writing any books but money makes money don't you find? If you're successful at making money people will fall over themselves to hurl more at you, the least you can do is to write a book or 2 to justify some of it.

    What you should have learnt instead of the blah blah blah above;

    1/ stick to the rules of your verified system.

    2/ market cycles change, if your system stops working stop using it.

    3/ know the market, limit loses and keep score, it's amazing how many wannabe traders don't do this (and therefore always remain wannabe).

    4/ losses are an automatic function of probability, get used to it but control it.

     

    • Like 1
  8. 34 minutes ago, dmedin said:

    'Trading only 50 times a year limits your P&L'

    'Trading 500 times a year lets you exploit your edge'

    Pretty much goes against all professional wisdom on the subject of trading.  'The more you trade, the more you lose.'

    I think that was in reference to the different strategies as in a mean reversion system with smaller targets needs more trades than a trend following system that is longer term.

  9. 4 hours ago, Caseynotes said:

    I've picked out this episode to listen to on a rainy Sunday afternoon. Nick Radge, it's his second interview, his earlier interview is number 004.

    I just notice Nick Radge is also on number 178, I've not listened to this one but could be useful for anyone looking to build a new system.

    178: The Blueprint: Create a simple trend following system w/ Nick Radge

    https://chatwithtraders.com/ep-178-nick-radge/

  10. 14 hours ago, dmedin said:

    Yet again I think you need to have recourse to RealTimePro to make this work.

    BTW, the RTP platform for me 'feels' different from the Web platform.  I see things differently when using it, even the P/L is different.  Anyone else feel that way?

    The IG Web platform is pretty naff, and even the IG analysts don't use it.

    IG, as a courtesy to your users you should make RTP access free for all and not have the cheek to charge for it when your web platform is so wonky.

    But some might say that you can't make the perfect platform because there will always be compromise. Platforms then are aligned in to 2 groups, the emphasis being on either dealing or charting. The IG web based platform is designed for dealing first and foremost while the ProRealTime and MT4 platforms are chiefly designed for charting.

    Having used them all I think IG should consider taking up MT5 to incorporate stock trading and drop PRT altogether.

    • Great! 1
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