Caseynotes
-
Posts
13,207 -
Joined
-
Last visited
-
Days Won
556
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by Caseynotes
-
-
Dax perched on the pivot and looking higher, Dow in a similar position. A push up on the European open this morning but may see a check of support on the London open before attempt to check yesterday's highs.
H1 charts;
-
Dax and Dow push up through recent high resistance, ASX is up but Ftse still suffering the vagaries of Brexit and the ping pong pound.
Saw a large poll yesterday that showed that the majority now believe in a no deal US/China trade dispute (as opposed to a deal this year or next or the year after that). Time to move on? (see bottom chart)
-
Indices had a strong up day yesterday while USD was down to test support, US treasuries were down as was Gold and Oil.
UK CPI at 9:30, EU CPI at 10am, US retail sales at 1:30pm.
-
5 minutes ago, dmedin said:
If that's all there was to it, nobody would have bothered inventing all these stupid convergence/divergence 'indicators' (all of which work equally well because they are all equally useless).
Even Burton Malkiel says he never met a chartist who actually managed to make any money.
yeah that was my point, you don't need an indicator to see the auction is over and price is moving on, other than a price chart obviously, and that's why they ALL look at a chart, so therefore all must be 'chartists'.
-
15 minutes ago, dmedin said:
I wouldn't read too much into the supposed trading history of any individual. If we learn one thing, it's that the stock market is full of fraud and bullsh!t and an endless supply of suckers waving their wallets in the air and just begging to get taken over a barrel.
As we all know by now, all traders get out of the day trading/charting BS as soon as they get half a chance.
no, Livermore's EC is trading history recorded by the stock market. 'we' haven't learnt anything because the market is the only honest thing out there. that's because it's just a reflection of everything that can influence it.
I converse with day traders all day every day and have done for years, have tried to on this forum but usually on here it's a stream of new guy's looking for a short cut to the holy grail.
I am thinking the real issue is people must have their 'opinions', everyone looks at a chart and they twist it with their favourite indicators or apply their favourite chart pattern with no comprehension the market just doesn't give a ****. People can't take that, once founded they hold their 'opinions' like it was a bar of gold and the market repeatedly just makes a mockery of them over and over again til they simply can't stand it no longer.
'Opinions' are meaningless, the market moves, it doesn't matter what time frame it's all the same. Once an auction at a particular price level has been completed price will move onto the next auction. You don't need opinions, you just need to see and say, oh, price has finished with this level time to jump onboard and hitch a ride to the next level.
that's it really.
-
Dax and Dow spiking up.
M30 charts;
-
As noted in yesterday's morning post, watchers are turning to emerging markets as a leading indicator for the next move.
TopdownCharts
"EEM is up to its declining tops line, and ahead of the SP500 getting to its equivalent line. This could be the start of EEM leading the way higher. When the two have a disagreement or divergence, EEM usually ends up being right about where both are headed." Tom McClellen
_20191015_15_16.thumb.png.5f1b156ff9a608a0762c851311c460ba.png)
-
9 minutes ago, SHAREALOT1 said:
Having a job to locate information on passed deals and over 90 days trades. Have been using Hargreaves?
Any help would be appreciated.
Hi, have you looked in your 'My IG' > Live Accounts > History > Custom (see pic below)
-
US earnings calendar for this week.
-
Dow pauses at R1 and Dax settles mid way between R1 and R2. Both looking for further continuation to the up side.
M30 charts;
-
Indices had a bit of a set back yesterday when the Chinese announced after arriving home from the trade talks that they had changed their mind and decided not to sign the partial agreement til after more talks.
Dax is not hanging around and is up 60 points this morning with the monthly chart resistance level dead ahead.
Ftse still plagued by Brexit uncertainty.
Daily charts;
-
Indices climbing, Oil up and USD looking for support, Bonds trying to bounce off support and Gold up yesterday within a triangle.
China trade numbers down. EU indy production figures at 10am.
-
3 minutes ago, gary5000 said:
I'm using both the share trading and CFD new platform. I want to be able to do this on both platforms as CFD dont have all the shares I want to buy all the time.
How does the platform know if its a stop or a limit order? Just appears to say limit on the share trading platform. Saxo/IB and other brokers allow you to toggle between options so it is very clear the strategy you are taking to execute.
The share dealing platform is due for upgrade to HTML (same as the cfd new platform) in the new year. The new cfd platform knows whether it's a stop or limit order by comparing the current price and the order level and if you are buying or selling.
On the share dealing platform you are either buying shares or selling shares you already own. Some exchanges are not allowed to offer stop loss orders but a stop loss is just a pending order for an equal and amount in the opposite direction at the appropriate price level.
-
21 hours ago, gary5000 said:
How can one set a Stop Buy Order - an order that will execute if the price of a stock rises above a set price. I heard IG offers this but I can't work out how to do it.
Hi, which platform are you using? If it's the web based leveraged account platform you enter the level on the order ticket and press buy or sell, the platform knows if it's a stop or a limit order.
-
9 hours ago, ALBATROSSfranchise8 said:
I can't seem to get my watchlist started. When I click on the watchlist drop-box I can't enter anything. Can someone give me the process please?
you can only add or delete from a watchlist you have created yourself, from the watchlist tab click on 'create watchlist' >see pic
-
9 hours ago, Guest NASHAT said:
I CAN NOT USE MY MT4 REAL ACCOUNT, MAY BE IT IS NOT ACTIVE
Why can't you use it? Have you received the login and password emails from IG?
-
18 hours ago, Guest HUBERT said:
how do get my account login to mt4 account. i set demo account waiting for verification to be done but all that is see ID
Live account log in and password are sent by 2 emails from IG but the demo creates a new one for you when you open a demo account. Open mt4 and in 'File' > 'Open an account' click on the IG demo server to highlight and then 'Next' and follow instructions.
-
21 hours ago, Guest stewy52 said:
Thanks for your response Caseynotes. Much of what you say makes sense. However, take stocks and shares for example, if fundamentals and institutional investors are driving price then sureley price is going to move however it is going to move, irrespective of what any technical chart is suggesting it may do?
Thanks again!
Institutions are watching the charts too so rather than chasing price to fill a massive order they will drip feed it over time so allowing price to fall back towards their buy/sell level. It may take them weeks to completely fill their order.
-
Missed this on Friday, a IG interview with Market Wizard's Jack Schwager on current markets.
-
On 11/10/2019 at 12:22, T19 said:
I am net short and pessimistic on DOW. In my opinion, this rally should be seen as an opportunity to short DOW .
Could turn out that way but difficult to know with any degree of certainty how the trade talks will pan out, seems to be real progress this time round. Retail have been increasingly short all week as price has continued to rise.
-
Dow checking support, may find it at 26761. Dax following.
M30 charts;
-
Repeating this warning over the weekend from FXPro to clients using MT4 on macOS. Not sure if same applies to IG's MT4 but I wouldn't want to be the first to find out.
"The newest update for macOS – Catalina, introduced a compatibility issue that does not allow MetaTrader programs to function on the platform.
We recommend our macOS-based users who wish to continue trading on their mac platform to postpone the update until a fix is available."
-
China exports to the US down over 10% in the last 9 months and the Chinese seem to be losing faith in the hope that delayed trade talks will see them negotiating with the democrats after the next US election. All sides report positive progress on the the most recent talks on Friday.
Dow looking up to the all time high once more and Dax in sight of it's monthly chart resistance level. Hopes of a partial trade deal between UK and the EU seem to have fallen through so GBP and Ftse remain volatile.
The S&P weekly chart couldn't be clearer and US economy remains strong, the only thing that's down is sentiment and that can change in an instant.
Weekly global outlook summary from Topdown charts.
-
Remains neutral to risk on. Oil up Gold down Friday while Indices pushed up, Apple all time high (see chart).
Indices pulled back at the end of the US session going into the long weekend. Bank holiday today for the US (Columbus Day) JPY and CAD.
_20191015_15_16.png.f9f25b6ecc1ca806dbb59833ea5090f1.png)
Daily Dashboard
in General Trading Strategy Discussion
Posted
Some might find this page useful, a quick glance overview of the FX, Commods, Indices and Crypto markets with real-time IG data.
https://www.dailyfx.com/forex-rates