Jump to content

Caseynotes

Community Member
  • Posts

    13,207
  • Joined

  • Last visited

  • Days Won

    556

Everything posted by Caseynotes

  1. realistically it's been moving sideways all year but the question is though with a 14 period daily ATR of just 35 points what sort of size would you need to trade this to actually make a living. Compared to Dax for example which is also historically low at just 135 points.
  2. Oh dear, it looks like the ATR is about to hit zero ...
  3. Nice reach down to tag and confirm support at the daily pivot for Dax to start the day. H1 charts;
  4. To make money trading price has to move in any direction other than sideways, as the price chart shows eurusd has just been moving sideways for a long time as the implied vol chart confirms. When I say traders I mean traders rather than the hopers, dreamers and fantasists who make up the large percentage of failures you are referring to 😥
  5. Can anyone actually make a living trading FX anymore unless you are trading very large size? Just asking. "FX Volatility is becoming a potential *significant* concern. A huge list of major currencies just spiked new *all-time record lows* in implied Vol including $EURUSD, $USDJPY, $AUDUSD, $USDCHF, $USDCAD and $NZDUSD." Macro Charts @MacroCharts
  6. both are good, volatility provides opportunity in either direction.
  7. Dow thinks it's found support and is now working it's way back up, Dax already has a head start. Ftse is of course still mired in Brexit and Election fuddle.
  8. Overnight Indices up, Bonds and Gold up, Oil down. Today EU GDP at 10am. OPEC mtg today and tomorrow with the usual news leaks throughout. Nat Gas storage at 3:30pm.
  9. Dow up on the US open and following the US non-manu PMI which still points to expansion though down slightly on the expectation, 53.9 v 54.5. H1 charts;
  10. ADP non-farm payroll comes in a bad miss at only half the 137k expected could be a precursor for a bad NFP print on Friday. Looks to have hit the USD more than indices at the moment.
  11. Try to think in terms of where price has come from and to where it might be heading to. On the daily there is this rough range where price looks to be on a downward leg. On the 1 hour price looked to fill that gap but ... So you might expect price to try to lift from here or try to force it's way to continue down, the next few hourly candles should reveal what those in control are planning to do. Once that becomes clear then look to enter, the stop loss then becomes self evident (either side of the blue line depending on long or short) and the target also becomes self evident (prior high or low depending on long or short).
  12. Hi, not for IG who's dealing hours are 24/5 plus Sunday limited hours for most markets, see below re; market info on the deal ticket.
  13. Hi, it's going to depend on which type of account you are looking to open eg; leveraged or non-leveraged. Might be easier to just start the process to find out. see comparisons and contact links below. https://www.ig.com/uk/about-us/international-offering
  14. and don't forget there are Chinese politicians blatantly claiming China has the absolute right to steal because China is poor and of course that's what all socialist do anyway 😆
  15. not sure what you're worried about, until Trump gets a deal that includes IP protection with verification that will last into the future then the US economy can keep ticking over while the Chinese economy continues down the pan. US/China trade only accounts for 2.5% of global trade anyway. Trump's got all the time in the world.
  16. With these frequent breaking news releases causing such major market moves I can see I'm going to have to get Bloombergs machine read news feed, it's only $220K a month 😮
  17. Dow reaching up towards the daily pivot point having found support at the old weekly chart resistance level 27313 (Red) and now looking to bounce up off the old monthly chart resistance level 27401 (Purple). Dax arrived at recent resistance after a strong 8am bull candle. H1 charts;
  18. Indices down slightly overnight, Gold and Oil up, Bond and Crypto down. US ADP unemployment data at 1:15pm often hints to Friday's NFP. US services and composite PMIs at 3pm.
  19. yes, you will see the signs of reversal down there before the larger scale charts but it's easy to get lost as to where you are in the bigger picture so I will have a H1 chart running as well so I know when and where to look for breakout or reversals on the smaller scale charts.
  20. Another down day for Dow yesterday as Trump fanned the flames by declaring a trade deal may have to wait til after his re-election in Nov 2020. Dow looks to have found support at former weekly chart resistance 27313 (Red). The Dems controlled house votes to require Trump to sanction Chinese officials over the Muslim detentions has also caused a backlash from China.
  21. Correct, it takes time to build positions that a sudden panic can undo in just a few hours but the undoing inevitably gets overdone 🙃
  22. 70 odd percent of IG clients are perpetually trying to short the US indices while 74% of IG clients lose money, could they be related I wonder 🤔. If your long term bias leads you to being right just one day every 2 months it's just not going to work, stands to reason. So a large % of IG clients are short but are using minimal volume while a only a small % of IG clients actually use large volume, so volume activity is going to tell more than % of clients short or long.
  23. A small percentage of IG business and individual clients are responsible for the majority of the traded volume while a large percentage of clients are responsible for low volume and the high failure rate.
  24. Solid drop for the Dow yesterday for the first time in over 2 months though hasn't breached the daily chart support level. Dax followed and did breach prior support but now attacking that level attempting to get back above. S&P same as Dow and hoping for support here. China's recent talk of upping the stakes rather than signing phase 1 plus the disappointing US PMI data has shaken confidence that the talks were proceeding well, no major news today so could be a pause day or an attempt to reclaim lost ground. http://www.globaltimes.cn/content/1172027.shtml
×
×
  • Create New...
us