Caseynotes
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Posts posted by Caseynotes
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Dow ended being a pause day yesterday, tried to go down but was just bought straight back up again, same story. Dax followed. Ftse election uncertainty as Labour close the gap in the polls. And similar uncertainty for China. An interesting development yesterday as China tried to do a 'Trump' and take control of the narrative by releasing news the Dec tariff increases had been postponed only for the US to issue a denial several hours later 🥳
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Overnight Indices up, Bonds, Gold and Oil down, Crypto mixed, USD flat.
Today US CPI at 1:30pm and FOMC rate decision, mon pol statement at 7pm and presser at 7:30.
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Free for today only Tradeciety ebook;
Trading: Technical Analysis Masterclass: Master the financial markets Kindle Edition
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As I trade on the MT4 platform (which has it's own analytics) I don't have any trades to analyse on the IG platform so nothing comes up at all not even a blank data set. Could anyone post a pic showing what analytics IG offer, blacking out any personal data, to start a discussion on the best use of what is available from IG, how it could best be used and possibly improved in the future. Thanks.
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11 minutes ago, dmedin said:
You can tell Trump is guilty just by the way he reacts.
But as you said, the Senate is Republican. So it doesn't really matter.
oh ok, so let's see if I've got this right, you can be called for trial on nothing more substantial than biased gossip and guilt or innocence shall be determined not by any evidence but solely on acting skills. God help the defendant when you get called up for jury duty 😅
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all the witnesses's the impeachment hearings have found so far was 2 diplomats (Dems) who said they overheard some stuff might be true and another guy who thought up some stuff that could be true 🤔
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1 minute ago, dmedin said:
No admissible evidence - yes, Trump is a totally legit and honest businessman.
considering he's been under constant inquiry since before he even took office you would think they should have come up with something by now.
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10 hours ago, dmedin said:
You killed your winning fund ... well that sucks. Money you'll never get back. You could have dumped it all in an S&P 500 tracker, it would have kept all its value and appreciated over time plus dividends. So you wasted your time and your money.
Difficult to know the future though isn't it, there are people here who back in early 2016 proudly crowed that they had cashed in all their equities and were going to make a mint shorting the imminent market crash, and they're still shorting, ... any day now just you wait.
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16 hours ago, Guest Joe said:
I can not sign the W8 -Ben form unless I can download the file. How can one download it from the IG site?
Hi, go to settings in your 'My IG' page and then to Dealing US stock, see pic below.
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Dow just backing away from the highs yesterday. No real drivers til FOMC tomorrow so could be slow today. Could be news today on the impeachment process with the Democrat controlled Lower house voting to move ahead with proceedings in a partisan vote in spite of there being no actual admissible evidence against Trump. When this is past onto the Upper house for trial where the Dems do not have a majority it is most likely to all fall apart.
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13 hours ago, dmedin said:
I didn't see any announcement of that data in IG's economic calendar or at Forex Factory?
https://www.teletrader.com/economic-calendar?ts=1560405895986
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Overnight Indices up, Bonds, Oil and Gold up, USD and Crypto down.
UK GDP data at 9:30. The high vol event today is the Ger econ sentiment (survey of expectations by institutional investors) at 10am and here is listed as expected at 0.0 though other sites list plus 1.1 which would be only the second positive since March 2018.
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Useful short vid looking at some special features available on mt4.
Plus a closer look at the apps package;
https://www.thinkmarkets.com/uk/tools/mt4-super/mt4-super-apps/
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more bad polls for Labour so Corbyn supporters are out in force;
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So the recent US indices dip was yet another buying opportunity and of course the permabears diving in short once again only to be flushed in short order for about the thousandth time since 2012. It seems they don't care being wrong all the time for years on end so long as they might be right once some time in the future. This of course is not trading but has more to do with Je-sus complex prophesying and most definitely needs an income stream outside of trading to support it.
The only people who do profit from it are the professional peddlers of doom and gloom and there are many, but why are so many so susceptible to fake messaging?
In the link below are several short vids on how the media manipulates the news and so dictates what people think both in regards to the markets and in general.
https://tacticalinvestor.com/permabear-it-takes-a-special-kind-of-stupid-to-be-one/
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Don't try to fight central banks.
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Overnight the US Indices just pausing back up near the all time highs, Oil broke though near term resistance on Friday while Gold hang close to key support.
Not much on the calendar today, FOMC rate decision on Wednesday.
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16 hours ago, dmedin said:
I don't know anything about Renko yet. They do look interesting - simpler. Also remind me of point and figure a bit.
yes, with Renko you are changing from time based charts to price based and so remove a lot of noise and smooth out the price action hopefully giving a clearer picture.
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The twitter bears are taking a lot of flak at the mo and with good cause, especially the likes of Edgeye and Zerohedge who called a recession in 2015 and were wrong so they just repeat the call every year since in the expectation of being right eventually.
Amusingly enough many traders have build this psychology into their trading plan, imagine anyone trying to continually short a bull market for 5 straight years, and yet as I've pointed out for years using the sentiment data of IG clients short/long positions that's exactly what many have been trying to do.
Here's the thing, you don't need to guess, a chart will tell you if it's bearish.
As Chris in the podcast above says, a market making new all time highs just can't be anymore BULLISH, there is only one way to go.
So if the chart lines up with the macro and both are clearly bullish 'buy high and sell higher'.
Do yourself a favour and spend the 50 minutes to listen to the podcast, you will learn something.
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42 minutes ago, Caseynotes said:
Podcast interviewing Chris Weston, (previously of IG Australia). I haven't heard the whole thing yet but Chris is always worth a listen. I'm hoping he will talk about using implied volatility as described in the video of his posted in the Technical Analysis thread.
told you he was good 🙂
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Podcast interviewing Chris Weston, (previously of IG Australia). I haven't heard the whole thing yet but Chris is always worth a listen. I'm hoping he will talk about using implied volatility as described in the video of his posted in the Technical Analysis thread.
https://futuresradioshow.com/podcast/286/
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7 hours ago, AndrewS said:
Dmedin, for me those Heikin-Ashi candlesticks on the intraday charts obscure the actual wicks and bodies too much. They do tell an interesting story on the daily charts.
yes you do need to be a bit careful on HA charts and also make sure you keep an eye on the actual price line and remember the candle open has been averaged out. Another good alternative is Renko which also smooths price action making it a little easier to follow but unfortunately not available on the IG platform yet.
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4 minutes ago, dmedin said:
There's been some great chances this year with GBP.
yes but only due to high levels of uncertainty caused by brexit and the upcoming election, that's not really what you are looking for. see below the implied volatility charts for other pairs and the global FX index, the low vol is not just eurusd it's all of them.
so low implied volatility means a decrease in the high/low range that the pair is expected to trade in according to actual trades that have been placed in the Futures market and can also be seen historically by a charts decreasing daily ATR.
IG Trade Analytics
in General Trading Strategy Discussion
Posted
Hi, yes I used PRT years ago but prefer the mt4 platform though I think PRT have upgraded their analytics section since.