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Caseynotes

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Posts posted by Caseynotes

  1. Both starting above the pivot, may check support before testing higher. With US earnings good and the rate cut out of the way, the ADP nfp a beat bodes well for tomorrows NFP and US GDP a beat at 1.9% would expect continuation higher.

    H1 charts;

    image.thumb.png.70099f2e386ab24a72e562aa44b254fc.png

  2. 9 hours ago, CharlotteIG said:

    Hey @SAMMYDAVID - thanks for your feedback message. 

    We don’t offer the new web platform for share dealing account yet but it’s something we’re looking to offer in the future. 

    The last update a few months ago was that the new share dealing platform should be arriving in the new year, hopefully that still stands 🙏 (praying not high fiving)

  3. 7 hours ago, Dingbat9 said:

    I currently have a spread bet account with IG and the strategy that I want to use requires me to have New York close charts. Namely, charts which allow me to trade five 24 hour periods each week without Sunday bars. Is this possible  with IG?

    I attach an example of what I mean.

    Many thanks

    Glenn Aikenimage.thumb.jpg.4f6b5b059a8124135ede71618a1a54b7.jpg

    Hi, you can set NY close times using IG's Prorealtime platform (see advanced platforms). 

    The Sunday candle really just adds or subtracts from any weekend gap, the bigger problem is skewing indicators such as pivot points and moving averages but then, as IG is one of the largest service providers, they are still effective as so many are using them.

    • Like 1
  4. On 29/10/2019 at 14:26, Caseynotes said:

    yes, and no end of customers. S&P passes through the ATH (again) so IG clients move evermore into shorts, now at 78% short.

    The market goes up the crowd goes short, you can see why a contrarian view is so popular.

    image.png.4ff0e2af5be37538f759015647846d38.png

    image.thumb.png.1f4529c149520dc408a770ae01331a1a.png 

    And yes, retail have done it again, the S&P breaks out into new highs so more retail traders have gone short.

    78% yesterday afternoon, now at 80%.

    Er, sell the highs right? no, not if there are continuous new highs (= trend). 

    Client sentiment data in action as a leading contrarian indicator. 

    image.png.641577a197e5fecffe31684c405201d1.png

    • Great! 1
  5. Good earnings results from Apple and Facebook plus the expected rate cut push the S&P higher, Dax and Dow reach resistance. Ftse unable to push through near term resistance and ASX not liking the cancellation of the Chile summit where a US/Chine trade deal was expected to be signed, plus news China production has fallen to it's lowest level for 3 and a half years.

    Euro Stoxx600 breaking out of it's long term down trend.

    (note chart order change around)

    image.thumb.png.b27b06372470176a3d2170e3b062da39.png

     

    image.thumb.png.482ab231b182f6877c92302180d2abd1.png

    image.thumb.png.3780818ec18b44667bc3d925aaa0b4a3.png

     

     

     

  6. On 29/10/2019 at 07:49, Ilana said:

    Please can anyone share their technical opinion of the current SA40 and how tomorrow nights USA interest rate announcement can affect it.

    Hi, the SA40 is somewhat out of sync with the other main indices and although a US rate cut should boost the US indices and therefore have a knockon affect for others it's difficult to know how much of the expected cut has already been priced in as there is 97% expectancy of a 25 bp cut today (2% > 1.75%).

    On a confirmed rate cut I would still look for a triangle break to the up side and think to enter after a daily close above the line on next day continuation.

    1035411457_SouthAfrica40_20191030_09_51.thumb.png.57b761f81211b90ea57b495b1aa6b260.png

    • Like 1
  7. Dax pushing up to the pivot on the European open, Dow holding just below the pivot. Likely to be fairly lite while waiting for the big drivers (FOMC and Earnings) this evening. If we see a Dow capture of the pivot could see follow up and an attempt at yesterday's high around R1 but a check of support to see how firm the base is seems more likely.

    H1 charts;

    image.thumb.png.a36e62f7b0bc682475d765ed18d0a468.png

  8. 10 hours ago, TheInvenstor said:

    Hi Jomni, do you find the answer? How do we toggle 'limit' and 'stop' at the web platform? Thanks

    HI, as above there is no'toggle' to choose between limit and stop orders, the platform works out which by comparing if it's a buy or sell order and the entry price and current price.

    • Like 1
  9. 1 hour ago, dmedin said:

     

     

    As a 'best seller' he must surely have been 'cashing in' with his books and his talks.

    yes, and no end of customers. S&P passes through the ATH (again) so IG clients move evermore into shorts, now at 78% short.

    The market goes up the crowd goes short, you can see why a contrarian view is so popular.

    image.png.4ff0e2af5be37538f759015647846d38.png

    image.thumb.png.1f4529c149520dc408a770ae01331a1a.png 

  10. 1 hour ago, dmedin said:

    We should be looking for the ATHs to get tested as support now?

    There was a clear and strong push through the S&P ATH, only strong players can cause that with constant buying of the highs shows they are confident. They will likely defend their stops though where those stops might be is difficult to know as they could well be quite large. 

    The expectancy is for a rate cut tomorrow so likely to be caution until confirmed as run away S&P could change the FOMC's mind. Today's US open should be interesting.

    image.thumb.png.46f4814b220bc93862d098b999b26135.png

    • Like 1
  11. 17 hours ago, Baxter77 said:

    I have bought 100 shares in a company. I have set 2 ‘sell’ orders. One is a ‘stop’ sell order at a lower price to protect against significant losses and the other one is ‘limit’ sell order at a higher price that I would be happy to sell at for a reasonable profit. For some reason I can only put a quantity of 50 shares in for each order rather than the full quantity of 100. Is there a reason for this as only one of the orders will be reached at a single point? Not sure if I am missing something or if I have set my orders incorrectly somehow.

    Thanks.

     

    Hi, I don't use the share dealing platform but it looks like it wants to keep the second order open after one is executed, is there an OCO 'one cancels other' option? 

  12. 1 hour ago, dmedin said:

     

    The Commitments of Traders reports is the best one (IIRC - I'm going off something I've read :D )

    I saw an IG or DailyFX article recently that had a diagram for 'institutional investor sentiment' vs. retail client sentiment on Bitcoin.  It would be very useful to be able to access this information from within the platform, and not have to surf away to a different website to get it.

    The COT data is published once a week (Friday at 8:30), I'm looking for a user friendly format that I can include in thread on Mondays.

    • Like 1
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