Caseynotes

https://www.ig.com/uk/news-and-trade-ideas/uk-stocks-set-for-strong-open-on-brexit-news-191213

yes, the big players had their orders in place and it was all over as soon as the exit polls showed a potential landslide. If the exit polls had shown the race was going to be neck and neck then the (er, swingers) party would have lasted all night.

648 of 650;

Dax and Dow break up through near term resistance, Dow and S&P into new all time highs. China markets up 2% on signing of trade deal. GBPUSD up over 2% following the Conservative win in the UK election.

Overnight risk on as Indices continue higher after US/China signing phase 1 deal and Conservative win in UK election, Oil up, Bonds and Gold down. Today US retail sales 1:30pm.

Exit Poll;

https://www.ig.com/uk/trading-platforms/metatrader-4

Hi, MT4 https://www.ig.com/uk/trading-platforms/metatrader-4

S&P daily;

China responding in agreement - no tariff increase on 15th Dec plus a cut to existing tariffs.

Being read as a pre-announcement that the phase 1 part of the trade talks is a done deal.

Still going;

Trump tweet at 14:35, 5 min into US market open 🥳🥳🥳

can't see either (or remember) though I see the article was updated just a few months ago.

https://www.ig.com/uk/news-and-trade-ideas/what-will-the-uk-election-mean-for-the-bp-share-price--191212?CHID=9&SM=TW&REF=IG

Labour rolls out the big guns;

that's true, forgot about that one, thanks.

When looking at these markets and the trading behaviour of the average retail trader it seems to me that many don't really understand the market they are trading, there are also psychological factors that influence decision making to the detriment of trading success. If you are not confident in your understanding of the market then you are solely dependent on technical analysis but TA is not a given, it can only play out if assisted by fundamental and macro factors, those factors currently point to bull continuation. So the US major indices are routinely hitting new all time highs, the retail trader thinks they need to sell the high in order to buy back lower (buy low sell high right) so the retail trader (the crowd) are constantly trying to pick the tops (and patting themselves on the back thinking they are being contrarian). The positioning data of IG clients tell us this is exactly what's happening. Every time price goes higher the sell position ratio increases, when price is falling in a down trend the buy position ratios go higher. So clearly this is all wrong, when price is continually rising you need to buy high and sell higher. You buy breakouts or pullbacks, you should not be looking to sell a bull trending market at all. So why do they do it? The market is too high (no it's not), it must be the bears turn (wait and see first), but I need to sell the highs, the saying says so (no, you're not an investor), the chart is looking 'toppy' (just no), the TA is pointing down (doesn't matter without fundy and macro assist). An understand of a market comes with experience, until it does stick with the basics and look for longs in an uptrend, don't try to second guess the market and end up constantly fighting against it.

The exit polls will give a fair idea whether is will be worth staying up late to watch the constituency results come in one after the other and watch the swing of 'yes/no' which if is a close run thing will also swing the market but be prepared for high spreads and high min stop loss levels.

After what some commentators described at the most boring FOMC report and presser for years the charts continue their march back up to the highs. DOW, DAX and S&P daily charts;

Overnight Indices and Oil up, Bonds and Gold down, USD flat, Crypto down. S&P back up near the all time high. Today Swiss CB rate decision at 8:30am, ECB rate decision at 12:45am and presser at 1:30pm. US PPI and jobs data at 1:30. UK general election all day, exit polls starting just after 10pm on voting polls close, market to watch GBPUSD.

hi, you can open the whole platform again in a new browser window by using a 'in incognito' window is one way around the problem.

I stayed up for the referendum vote and kept a rough commentary going here on the forum. It was an absolute wild roller coaster from the disclosure of the first exit polls right through and remain/leave changed lead so many times through the night as the votes were counted. Never seen such wild swings on any chart before or since, you could smell the blood in the water and feel the agony the next day.

though your PnL will do that but that can be misleading and cause people to abandon a system too early, it really is all about the collated stats, that's the only thing that will give the confidence to keep going or to recognise when it's time to change course.

Very good vid on "6 Essential Trading Lessons From Top Traders You Need To Learn" Published just last Monday from SMB Capital and featuring psychologist Dr. Brett Steenbarger. Matches the analytic thread, lesson number one KEEP SCORE.