Caseynotes

Crypto has it's own section just below FX (CRY), which fx pairs are missing having scrolled down the list in the pic?

Retail traders even collectively can hardly move a market, a spike up is caused by large traders getting in early and buying because they get their news first via subscription news feeds, the spike is helped along by sellers pulling their sell orders ahead of the buying because they think they can sell at a higher price later. Once a target is hit the pullback after a spike is profit taking but if there are only a limited number of sellers the pullback will stall and buyers will look to reload pushing price up for a second leg. As @nit2wynit points out this is the best opportunity for retail to jump aboard. This wave (zig zag) pattern repeats until there are enough sellers to turn a pullback into a bigger reversal.

Ger manu pmi came in at just 41.4 down again from previous of 43.5, reminder that 50 is neutral, above 50 is expansion and below 50 is contraction.

LBC this morning "Thomas Cook has ceased trading so all Thomas Cook flights are now cancelled. The UK Civil Aviation Authority says customers in the UK yet to travel must not go to the airport. The biggest ever peacetime repatriation will now start to bring tens of thousands of holidaymakers home."

Both starting below the pivot (Friday's data) so may see a check of support first, Dow with strong support at 26890. Not much movement on the European open so waiting for the London open, the side that controls the pivot controls direction.

How long does it take to 'learn to code'? 🙂

Dow has found support again at 26890 after news the Chinese trade delegation returned home early from the US trip. US GDP data later in the week expected at 2% q/q should draw the Dow back towards the highs with Dax, Ftse and ASX waiting expectantly for Dow to make a move. Lots of Fed speak this week and a FOMC press conference may give the markets a push but which direction.

Indices took a knock on Friday afternoon when a Chinese trade delegation went home early and around the same time Trump said he didn't need to conclude a deal this year or next. Sunday trading saw some recovery. Indices mixed, Bonds up USD down, Oil up Gold down. Chart Hang Seng. Ger and EU PMIs this morning US PMIs this afternoon. Lots of Fed speak all this week could provide some sparks. COT net change in non-commercial positions: Euro, GBP, USD, AUD down. Oil, Gold, JPY up.

yes, and probably takes us a step closer to the truth. How many can play the piano straight off the bat - 0%. But of all the people who started to learn how many kept going til they were at a professional standard - 1%? I don't think I ever heard of anyone who didn't blow their first trading account, sometimes their 2nd and 3rd as well. So some of those who are listed in the studies are not new traders at all, they were on their 2nd or 3rd or 4th attempt. That's why the advice is always to concentrate on just staying in the game, keep bet size as low as possible, give yourself time to learn the technicalities of trading and chart reading (rather than technical analysis). I've been repeating it on this forum constantly for well over 3 years but it's just not what new traders want to hear.

This is quite an old video now and has been posted and discussed on the forum before. Worth noting a couple of points, firstly that he smears all educators in what is basically the introduction and launch of his own very expensive education academy and secondly he smears all brokers without reference to any regulation authority as if they all operated out of Israel or some third world swamp. It really is just a big advertisement to get people to sign up to his courses, as in you can't make money using educators or brokers or by day trading unless you sign up with us.

Some excitement starting to stir on the increasing breadth of the US indices as measured by the advance decline indicator and as seen in the percentage of stocks over their 200 day MA (70% up from 50% in mid July). A second major breadth thrust for 2019 (A/D 2.3x) is showing on the S&P (the first was in Jan) and may be the signal to another breakout. The two flys sitting on the rim of the ointment are the FANGs which have been lagging lately and Trump who traditionally likes market tops to up the stakes in the trade war and send the markets back down again. (Callum Thomas)

Hi, I think you just need to open a new share dealing account and then transfer funds across. As share dealing is non-leveraged there should be no extra hoops to jump through to open the account.

Hi, yes this is where it gets a little tricky, the min stop is variable as is the spread so during times of increased volatility and decreased liquidity both the spread and min stop will widen. This may last just a few seconds or sometimes an hour and will be introduced just before scheduled news events or immediately on breaking news. So there is not a list of min stops but the min is displayed on the web based platform (live or demo) next to the stop input box on the deal ticket. Also, the mt4 platform deals with decimal places differently to the web platform. If like Dax there is only one decimal place the point (tick) is shifted left so the spread (1 point) becomes 10, so to enter a 10 point stop in the input box you would put 100. I think on fx where there is 2 decimal places it is as the web platform (1=1). If mt4 rejects my normal stop I first check why, what's happened that I don't know about. If I still want in I just enter with a very wide stop and then slide it up on the chart to as close as it will allow and usually within a few minutes I can put it where I want.

Shouldn't be a problem, here is the link to the IG joint account info page where you will find links to the application forms to apply for a new joint account either SB or CFD. https://www.ig.com/uk/help-and-support/accounts-and-statements/my-accounts/does-ig-offer-joint-accounts

you'll need to be a bit more clear as to what you are trying to do but firstly are you sure you are on the right forum. This is IG but you mention IB (the firm Interactive Broker).

Hi, you won't be able to change anything until the fx market reopens at 9pm Sunday (UK time), all you can do really is to keep an eye on the Weekend ftse market which opened at 4am Saturday (this morning). GBP and Ftse tend to have an inverted correlation so if ftse starts going up you might want to go long in that market as a hedge against GBP going down. But if there is no major market moving news over the weekend you will probably find the market reopens with little change.

Hi, going by the time of your post I suspect you were trying to deposit during IG's routine shut down after the US session close for maintenance, should be back up now.

I was at a party a while back and was chatting to a friend, we were standing next to an old piano and he said to me "Can you play a musical instrument at all?" I said "I don't know, I've never tried". So I sat down on the piano stool and bashed on the keys for a minute or two but it must have been broken because the noise was horrendous. It was a shame really because now I guess I'll never know. ☹️

Hi, not sure which platform you are using but the message is usually indicating the stop loss is less than the minimum set by IG at that time for that market, try widening it or check on the web based platform where the min distance is displayed.

TA is just a tool, it's not trading, some tools might aid you but will never be the determining factor as to whether you will be or are successful or not. You are right to question what is believable as often things people say isn't, when you are inexperienced it can be hard to know which boastful claims are true or which are false, best just to be wary of anyone who does it at all. Then there is the other side of the coin, people persistently conjoling you in order to get you to reveal the holy grail indicator or the golden key or the magic words or whatever they think the secret is, but there is no secret, they get nastier and nastier and you just have to get defensive and rude because their real character has come out. I once saw a man who looked to be painting a very nice picture but it must have been a fake because when I asked him how he did it he just gave me a blank look. I expect there are some real painters out there somewhere but they probably went to art college or something.

Hi, not really sure what is going on there, probably worth reporting via the platform. Go to PRT 'Help' > Technical Support' and you should see an option to send a report via a pop up box to type in a brief description of the problem which will be sent to IG's prt technical staff

not quite sure of the context you mean but a broker will have retail clients and professional clients though you might be classified as retail but still trade full time.

They are searching for already profitable traders, there is no cost, upfront fees or charges, if you can't provide proof of profitability don't even bother applying. Generally it's something like 12 months minimum of account records showing profitability with minimal drawdown. Keeping 80% of profits trading a 500k account is better than 100% of a 1k account and with 100:1 leverage and not even your own money.

Dax bouncing between the pivot and H4 chart resistance, ranging and balanced, no overall direction. M5 chart;

With the US indices back up near the highs it must be time for Trump to ratchet up the trade war again (4 times in a row so far). Donald Trump’s ready to escalate US trade war if deal not agreed soon, says top White House adviser Michael Pillsbury Tariffs on Chinese goods ‘could go to 50 per cent or 100 per cent’, Michael Pillsbury says But the American leader is not pursuing ‘cold war 2.0’, and US-China decoupling would be a ‘consequence of no agreement’ by Beijing, he says https://www.scmp.com/economy/china-economy/article/3028164/donald-trumps-adviser-china-michael-pillsbury-says-president