Caseynotes

from right click on the market the 'Open ticket in new window' creates a deal ticket (as in @Mark27000 's post above) you can move to wherever you want.

Dax starting out above the pivot while Dow starts below, may take a little while to get back in step and decide on direction. Medium and long term remains bullish while short term is neutral.

not clear on why someone with a bet of 10, 50 or 100 contracts would be happy paying hundreds of pounds every night for months on end in overnight funding charges when forwards or futures markets, where you don't pay any at all, were designed specifically for the task.

Can't see any problem with this, the firm clearly states you must be able to prove your profitability and prove you can manage risk and if accepted you keep the first 5k and 80% of profits thereafter, at no point is the traders own capital put at risk. Interesting contrast to the company in @DSchenk 's new thread.

Dow remains just below the ATH, some might be thinking there should have been more lift off the Fed mtg Wednesday but as I pointed out in the dax and dow thread Wed morning that if the event is front run to the tune of being 90 to 100% already priced in then the risk is to the downside rather than up. Not much on the calendar today and is Friday so not expecting fireworks but will be interested to see if there is any downward pressure and how the bulls might cope, they have been in control for some time now.

Asian Indices up overnight Bonds flat, USD down Oil and Gold up, Crypto down. Risk neutral. Chart China A50. Ger PPI at 7am, some Fed speak throughout the day and Cad retail sales at 1:30pm

Hi, they use the 1 month LIBOR but not sure which one for that currency, UK is around +0.7% but Swed and Euro is -0.5%. Also there is a borrow premium of 0.9% See example for shares and ETFs here; https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated-

Dax and Dow breaking up over yesterday's high 30 min before the US open and the Dow's 'all time high' just over head (27401 monthly chart resistance purple). H1 charts;

It's worth noting that this firm is looking for new inexperience traders, there are plenty of trading companies around, they are called Prop firms (Propriety) and to start you must submit your trading record first, if accepted you will pay a monthly 'desk fee' of around £500 for all the extras, news feeds and analytic data, ultra low latency connections, exchange fees etc as well as an account to trade and you receive a percentage of profits based on a sliding scale (the better the profit the more the percentage). But even with a proven record the firms Risk Manager keeps a tight rein for the first year. These guys on the other hand are offering tuition initially, whether it's worth the money couldn't say, but they are still going to have a fairly high failure rate, those who don't make the grade and don't even get off demo.

I would say they can't really lose can they? you can be sure they will have a very tight rein on their 20k, there will be a max loss limit per day and will probably be very small as well as a max lose amount in total which will be small as well. So you could be paying them £400 to join and then £140 for the month and the boot.

it's useful to firstly have a clear idea of the direction of a market, secondly it's a case of finding a potential target, and then thirdly (last) you would look for a good entry point if one presents. trade selection needs to be done in that order, if unsure of direction look no further, if direction is clear is there an obvious target? (us oil for example has just been stopped at a prior high) if not, look no further, if direction is clear and a target is obvious is there a good entry point - a pullback that's turned to continue the trend or a breakout. it needs to be done in that order not the other way round, many new traders just jump in on a breakout or even worse just on FOMO, then realise there no real clear direction or target, which means price isn't actually going anywhere with purpose but is just meandering.

Oil is rising again on reports that Aramco have asked Iraq for 20mil barrels of crude and have asked China to accept delivery of a heavier grade than ordered. Daily chart;

hi, I don't think you can edit IG's watchlists but you can for those that you have created yourself, at the bottom of the list there is + new watchlist, find the market to add then in the dropdown box click add to watchlist and choose your new one.

Dax up from S1 on the open, pause at the pivot (orange) then on to just shy of R1 before breaking back down to the pivot for a retest.

yes, you are right, they are both PG&E Corp, one is cash (dfb) and the other is the futures. this had me fooled >

Dax starting just under the pivot and at yesterday's point of control on the volume profile indicator (red bar, highest volume for the day was put through at this level). Dow starts above the pivot after the drive up in the last hour of the US session yesterday. Will be looking for Dow to test the highs and for Dax to follow. Have added Ftse below which may react to the UK interest rate data today at 12:00, is starting out well below the pivot but just above daily chart support around S1. H1 charts;

The only thing you've done wrong is put up the charts for 2 different companies, PG&E Corp and PCG Entertainment.

Dow has just backed away slightly overnight having ramped up into the US close yesterday. UK interest rate not expected to change so it will be down to the vote count and the mon pol statement. Dax and ASX tracking Dow.

Overnight and Indices pulling back, Bonds down Oil up, USD down Crypto down. Chart Microsoft up 2%. Japan interest rate decision presser at 7am, UK interest rate decision today at 12:00

Hi, see this IG page https://www.ig.com/uk/glossary-trading-terms/grey-market-definition

So you have to admit this S&P chart is as bullish as you could get, traders have been waiting for the Fed who haven't disappointed, have refused to break lower during that wait and are just staring at that ATH just a short reach away. Barring a war there seems nothing to hold back the continued march onward and upward. Daily chart;

yes they will be on less charts but I understand your point about the size of the moves in ftse, no harm in trialing them though you might find marking out the immediate prior high and low has more relevance.

Starting to get quite a bit of stuff on here so probably be useful to slot in an overview as to what is the point. So most people who start trading lose, well known fact, but why? It's because they don't have a FOP of course. People enter trading like they would enter a casino, they decide they are going to 'have a go' and 'try their luck', they swot up on how to play Blackjack or what ever, the statistical and technical analysis, walk into the casino, sit down at the table, and guess what, they don't know it yet but they have already lost. The mindset is just all wrong, the fact is you are not walking into a casino you are walking into a market via a brokerage doorway. If you are walking in with the mindset of a punter or a gambler it's bad news not just for you but for the broker as well because you are just going to blow your account in short order and then leave, just like most punters at a casino. The small amount of commission made by the broker on your pitifully short career was probably hardly worth signing you up for. Now this has been said before many times for many years, but needs constant repeating, you need to develop the mindset of the casino not the punter. What's the difference? A casino operates with a FIXED ODDS PLAYBOOK and you need to do the same. The casino doesn't care who walks in or how well they might do because the casino knows that over time they will come out on top. You can't walk into a casino and play just any game, you must play their game. So what's your game, your playbook? Whereby you will sit down at the chart and watch price bounce around all over the place, plenty of chances to make money but you're not interested, will not be lured until you see one of your setups from your tried and tested playbook develop, you execute as per your playbook rules and the trade is over and you can sit back and wait for the next one. It's obviously better to develop and test your FOP before you sit down at the table but it's never too late and that's the point of the thread, how to make a playbook and how to test it so you know exactly what the odds are before you play.

Ross is US based, there is no SB or CFD there, they are prohibited by law, have been for decades. They have straight share dealing or futures options. Tax implications are the only real difference between SB and CFD, SB is UK only.

sure, the one present on the greatest number of trader's charts will be the IG default; (HLC)/3 midnight to midnight. You only want to change the Monday one to chop out the Sunday 11pm one hour candle. For ftse I get these settings on the mt4 platform (below pic), btw what does to m stand for as in mS1 on your prt charts?