Caseynotes
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Posts posted by Caseynotes
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8 minutes ago, dmedin said:
Trade hopes down
Trade hopes up
both are good, volatility provides opportunity in either direction.
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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.
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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.
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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;
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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.
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4 minutes ago, dmedin said:
Guess what Reuters says today? 'Futures jump on possible near completion of phase 1 trade deal'
I swear to God this is absolute torture and I desperately need a new hobby.
not bad, only 3 hours late ...
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30 minutes ago, dmedin said:
It has filled in a gap (closed the window
) - will it now go back up? The entire FTSE 100 tanked yesterday so it's probably just a case of 'rising tide lifts all boats' and GBP looks set to go up which means FTSE 100 goes back down again. Who the heck knows - might as well toss a coin 
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).
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14 hours ago, dougle said:
Is there a list of different market trading hours published anywhere to help with end of day trading?
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.
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3 hours ago, STELLAZHANG said:
Hi, here is a question. If customers who are 65 years or older, what other procedures are required to open a trading account in New Zealand?(e.g. need to fill in a client declaration statement)
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.
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1 minute ago, Caseynotes said:
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.
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 😆
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52 minutes ago, dmedin said:
The retard-in-chief will announce another reprieve on tariffs before 15 December, and it will go on.
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.
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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 😮
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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;
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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.
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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.
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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.
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Just now, dmedin said:
I liked a quote I saw on Reuters yesterday, the market goes up in steps and down on the escalator.
Correct, it takes time to build positions that a sudden panic can undo in just a few hours but the undoing inevitably gets overdone 🙃
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47 minutes ago, dmedin said:
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.
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17 hours ago, dmedin said:
I'm not sure how valuable tick volume really is, if all it reflects is IG client activity. Are most of IG's clients retail and individuals? If so then major moves by big players such as banks and money makers will not be reflected in volume.
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.
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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
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Overnight Indices started the climb back up, Bonds and Gold down and Oil heading back up.
Nothing major on the calendar today.
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45 minutes ago, dmedin said:
How is this possible, though? E-cigs sales are slowing down and being threatened by regulation, cannabis hasn't taken off yet, and far fewer people are smoking. Except maybe in India and China?
looks like it's getting a push from Yahoo Finance;
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20 hours ago, 404HumanNotFound said:
Caseynotes, how do you find out what the assigned password is? It doesn't seem to want to tell you what the password it created is. I even tried changing the password but it won't allow me since I don't know what the current password is?
You can start as many demo accounts as you want. If you don't have the login and password start a new one 'open an account' highlight the demo feed, click next, click new demo account > next > then select account type (cfd, sb currency) check the agree to subscribe newsletter, click next. the platform will create a new demo account and shows you your new login (6 numbers), password and investor password. Note these down and then click finish. You can change the password once you have opened the demo from the options tab. To switch between Live and Demo accounts go to 'Navigator' and at the top it will list live and demo accounts, double click to select.
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1 minute ago, dmedin said:
Looking for a little pullback before buying back in this week
In reality I should have let my positions run from a couple weeks back instead of ducking in and out. Always learning.
true enough, pullbacks are a natural part of the cycle and we are probably overdue one but that's not what 'the crowd' are looking for, they are calling a major reversal and piling in short every time they see a single daily red candle. S&P shorts are at 81%.
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) - will it now go back up? The entire FTSE 100 tanked yesterday so it's probably just a case of 'rising tide lifts all boats' and GBP looks set to go up which means FTSE 100 goes back down again. Who the heck knows - might as well toss a coin 
Is Retail FX Trading Dead?
in General Trading Strategy Discussion
Posted
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