Caseynotes
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Posts posted by Caseynotes
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Dax on a bit of a round trip taking off to visit R1 then back down to resistance turned support 12817 after a slight miss on the Ger PMIs. Should steady now and wait for Draghi's last ECB rate decision and presser, not likely to drop a bomb for Lagarde who doesn't mind a bit of QE herself.
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6 hours ago, Guest TradingTimes said:
Will IG change the EU ESMA Laws after Brexit in the UK?
Really need to know this as the new laws have made it virtually impossible for me to trade the way that i did before.
as the Law is EU based they should definitely consider changing the law or completely get rid of it all together.
And it looks like Australia is going to go down the same route as well and as expected the new regulations have lead to a rise in brokerages starting up in less well regulated parts of the globe. There is an interesting new twist too with some of these new brokerages using Bitcoin for deposits and withdrawals which enables them to dodge other regulations such as a need for client proof of identity and residency as well as broker 'know your customer' documentation.
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ooops, that's the Dax H1 chart in amongst the dailies.
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Dax, Ftse and ASX had a strong day yesterday, Ftse and Dax testing near term resistance. Dow started badly with some weak earnings figures yesterday pre-market open but recovered well. Markets will be watching the EU and US Flash (early release) PMIs today, the consensus is for improvement after a series of recent monthly misses.
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Indices up yesterday, Oil pulling back overnight after a strong day help by low US inventory figures. Gold and Bonds up overnight, Crypto down after breaking key support yesterday.
Busy day with Ger and EU Flash PMIs, EU rate decision and Presser. US Durable Goods and Flash PMIs this afternoon.
Earnings today Amazon, 3M, Visa and Intel to name but a few.
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First a miss from Cat and then a slight beat from Boeing though with a reduced production outlook sees Dow down then climbing back up from S2.
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How to retire by 40
*note number 6 🙂
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2 minutes ago, nit2wynit said:
need to register to see it.......
too slow. i should have snapped it.
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Dax motors on up to R1 with a brief pause at the pivot while Dow saunters up from S1. Dax has run into yesterday's resistance so likely to wait here and watch Dow.
H1 charts;
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How to retire by 40
*note number 6 🙂
https://ftalphaville.ft.com/2019/10/22/1571780969000/How-to-retire-by-40/
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4 minutes ago, Fib550 said:
Thanks to Caseynotes it looks cleared up, but it would be good for IG themselves to confirm it. The reason im asking is that I have had conflicting information from IG on live chat whereby they said its charged on the whole amount (not just the profit) both ways
no problem, and if you are UK resident you should also consider using a spread bet account rather than a cfd as sb doesn't incur capital gains tax.
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Dow dips below near term support overnight. Big earnings day with Boeing and Cat reporting pre US market and Microsoft reporting after close. Brexit stalemate continues with a general election now on the agenda while Dax sits on the monthly chart resistance level.
Earnings likely to be the driver today.
Daily charts;
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Looking risk off overnight, Indices down Oil down. Gold, Bonds and USD up. Chart BTC down over 2% and approaching key support.
Nothing major on the calendar except earnings releases, Boeing before US market open today.
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99.999999% of traders lose money with this provider
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Boeing’s Head of Commercial Aerospace Steps Down as Fallout Grows on 737 MAX Jet
Updated Oct. 22, 2019 at 4:35 p.m. ET
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43 minutes ago, nokuthulan313 said:
Hi Everybody
Iam new here, and a new trader, hopely i will last, please welcome me.
Is anyone has tip for today trade
you are welcome @nokuthulan313, as for trades I am currently watching the Dow battle over the pivot as is Dax. Dax wants to go higher but is held back by Dow, if Dow bulls can secure the pivot point (PP) Dax will try for 12794.
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Dow checking support on the open having tagged R1 early morning while Dax keen to get on with it.
If support is found above the pivot will be expecting a retest of R1 for Dow and a rally to R1 for Dax.
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11 hours ago, dmedin said:
Good luck trying to keep up with all that 🤣
Could well provide a lot of volatility to the markets, half the Dow 30 are reporting this week. Big day tomorrow with Boeing, MS and Cat reporting.
Weightings chart;
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Dow trying to push up from near term support around 26730 and near term resistance ahead at 27123.
Dax has cleared key resistance at 12660 and looking to break Thursday's high 12817.
Brexit vote today at 7pm should excite Ftse and gbp and ASX attempting to catch up after falling back on poor China data.
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Overnight Indices up as China claim progress on trade dispute, Bonds, USD and Oil down, Gold up slightly. Chart S&P holds above 3000.
No high impact scheduled news today but earnings releases continue all week.
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14 minutes ago, Fib550 said:
Appreciate the reply, really helpful.
Apologies I linked to the wrong IG US site, I am in the UK and my account is in GBP.
This exctract from the UK page where the fx charge is mentioned:
If you are UK based with a GBP account that's better because then you can use the Bitcoin (GBP 1) instead of the Bitcoin ($1) deal ticket so for a 1 contract short when the spread is 36 you sell at £1/point and enter, your account will show a £36 loss (which is the spread or the 'cost of the trade') and you will need to see price go down over 36 points before you start to show a profit.
If you are holding the trade overnight then the interests costs or 'overnight funding' come into play, not sure if they use a conversion fee if it's the GBP not the $ deal ticket, and for shorts you may be paid the interest rather than paying as you would for a long.
Jump on the demo platform and have a play around with the inputs is a good way to learn.
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2 minutes ago, nit2wynit said:
This is great.
I see myself in each of the 3 examples
yes I know, I think we're all in there somewhere 😆
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Half the Dow 30 companies are reporting earnings this week including Boeing, Cat and Microsoft on Wednesday.
Adding the weekly calendar here, see below.
ESMA Margins
in IG Trading Support - Dealing Questions
Posted
Thanks for the reply, can you check the ASIC link - is coming up as 'page cannot be found'.