Caseynotes

Hi, do you really need both types of account? Spread Betting is just a tax efficient form of CFD. The platforms should be basically the same but I may be wrong, is there something you have found on one and not the other?

looking for fx volume might be worth having a look on the futures chart, those contracts go though a central exchange unlike otc spot fx so it's easier for brokers to collect and display the data and is highly correlated to the spot market. IG have their own version of prt which normally takes a year to write after a new version has been released by prt. To get the premium version you would have to go to prt direct and pay their monthly subscription.

Hi, the position should not have closed unless there was a limit order as a target or you closed manually or there was some unusual bug on the demo platform.

I don't think I've answered any of your ever increasingly intrusive questions since 2018 have I, I certainly haven't been reading any of your posts which were growing so very tiresome, it's either stuff that can be found in any trading book or as Mark says, BTCs gone up a bit or BTCs gone down a bit. Not like the good old days when you used to add 2 and 10 thousand day moving averages, whatever that was suppose to tell anyone I guess we'll never know now ☹️

Good follow through after the initial thrust up on market open for both Dax and Dow, pulling back now in anticipation of the US open though being Friday not expecting fireworks this afternoon. US Durable Goods up 0.5% over the 0.2% expected.

Volatility is a reflection of movement, it could be up, or down, or up and down.

I'm always a bit skeptical about patterns and tend to look at them from the other way round because random patterns turn up all the time. So rather than see a pattern and then try to find context and significance I would prefer to already have context and then see the chart pattern or candle pattern or indicator signal confirming it because on their own none of these are worth betting on. The weekly Dow is bullish, the US GDP is 2%, Trump hasn't upped the stakes in the trade war (yet). On the down side the world economy continues to slow though at a fairly gentle pace and is tied directly to the trade war so currently (now) the context is bullish and if I saw a pattern that supported that, great. If Trump suddenly upped the trade war stakes then there would be a good chance of a descending triangle pattern playing out, great.

Interesting EA based solely on ATR https://www.earnforex.com/metatrader-expert-advisors/ATR-Trailer/

https://www.earnforex.com/metatrader-expert-advisors/

@sponthespread There are many bots available, thousands in fact and for all different types of trading, most are EAs for auto trading on the mt4 platform. The biggest resource is on the MQL5 market place where at least there are user reviews posted and usually a free trial period and any disputes are resolved by the web site controllers. The key to bots is not the speed but the relentless search for a particular setup and the systematic execution. That can be a disadvantage as well, bots are poor at reacting to changing market conditions, a bot written for a trending market will give back profits when the market starts ranging and visa versa. https://www.mql5.com/en/market/mt4/expert

A quick search is bring up some pretty shady practices by Bitcoin Evolution including fake celebrity endorsements, characters involved in BE known from previous BTC bot companies shut down for scamming and references to BE being a clone to previous companies shut down for scamming. If a bot is the route you want to go down I think you should probably avoid BE and keep searching.

Dax straight up to 12345 which was a big sell volume node from Tuesday mentioned a few posts up. Both Dax and Dow are above the pivot with Dow retesting now.

you act like a clown you are a clown, cajoling to get me to show you how to trade, then the harassment, then the insults and then the casting of aspersions because you don't get what you want. it's been done before, you're not the first and probably won't be the last. best if you just go back to bsing newbies and cut and pasting whole pages of text on trendfollowing straight from books, it's what you do best.

Indices start the day trying to lift higher, the Dems getting desperate keeping the impeachment ball rolling now and have resorted to begging potential whistleblowers to come forward after the one they had was proved a fake. Laughably they didn't make any checks on the story at all before steaming in.

Indices pushing higher Bonds down, Gold flat Oil and BTC down. US Durable goods at 1:30pm.

no not because I post but because it proves I'm here all day every day and have been for years you clown.

the point is, as was pointed out recently, is that you don't actually trade at all. "My success came when I started trading oil, corn, cocoa, etc and beginning to make profits by holding on to my positions until the trend changed" said he who didn't have a clue how the SB dfb and futures platform actually worked. and then there were the 2 trades made public, jumped in on fomo, cac'd himself because there was no plan so jumped straight out again. an experienced trader read the write up and joined the community just to point out that anyone following this was definitely going to lose money, the long winded waffling reply boiled down to it being really just an attempt to get others to reveal how they traded. Some people have time to contribute on the forum throughout the day because they are waiting for trades to play out once activated or are waiting for a new setup to present itself, simple really, been doing it for years. People trade how they trade because of what they know, you can't just hand over years of experience in a few posts. Better to point the way ahead and leave the bs to those who have nothing else.

Dow heads down towards the pivot looking for support on the US open but Dax holds on just below R1.

That's what they were all saying all through 2016.

That's all true and there is plenty to learn, the problem with trading is that it's nothing like learning on a uni course or an apprenticeship. To get to grips with trading you need to bend your personality and twist your will, someone else can't really do that for you or show you the way, you have to do it to yourself.

A very reasonable approach, I would prefer a shorter time on the demo and shifting onto MT4 where you get the live account experience starting at a much lower position size to build up from than on any other platform but each to his own. Learning markets, trading technique (rather than being fixated on TA) is key, once you've learnt to trade on one market it's relatively simple to learn any of the others but it all takes time.

Mentors can be very helpful, the problem is finding one who can help you develope in your own style rather than trying to bend you to their's. I've known some people who have tries 4 or 5 before making any headway. I also know that if I tried to trade at the start as I do now I couldn't have done it, it would have been a mess, so just trying to copy someone else's style will not usually work either. The problem with taking advice on forums is who to believe, I've seen whole cohorts of newbies being lead down a blind ally never to emerge again. Better to be lead by a mentor with a verified history than by an amateur with an ego.

It was a nice move in ftse, drop down to check the pivot, bounce up straight through R1 and come to rest at R2. M30 chart;

Dax and Dow just pausing at yesterday's high having bounced up off the pivot on the open. For Dax R1 just ahead then Tuesday's point of control at 12345. The profile is volume rather than market so the red bar (POC) is the level at which most volume was traded rather than the level where most time was spent, the blue bars are high volume nodes.

As has been pointed out in other threads, the only people who claim success seem to be the hot air balloonists or those that are selling something (courses, mentoring etc) but why is that? Looked at from the other end what's to be gained by coming forward, besides the harassment, the nagging, the begging and the insults I mean.