Caseynotes

Fairly slow going so far and probably likely to remain so, even inspite of the oil move I suspect a rate cut is still fairly well already priced in so may be more of a chance for a move to the downside rather than up, and be wary of the presser, price can swing on every sentence, especially with Powell who has a reputation for putting his foot in it.

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Hi, sounds great, especially with the wild moves just lately, which platform are you using out of curiosity, I remember we were talking about the DMA platform a few months back.

Dax and Dow starting out just over the pivot so awaiting clearer sign of direction. Below is a look at yesterday's Dax on a 4 point bar Renko chart; the day started below the pivot (orange) and a failed attempt to break up through on the London open, that was followed by two further rejections before a break down through S1 (red), then a retest and fail leading to a further break down not quite reaching S2. The afternoon saw a complete retrace of the morning's move back up to the pivot.

Hi, in the UK they do have a minimum account deposit for the DMA platform, otherwise it's free to use apart from any exchange subscription fees. Find out more from your welcome page > Trading platforms > Advanced platforms

No real movement yesterday, attempted to go lower but was bought back up, attempted to break higher on the US close but sold back down overnight. Fed rate decision today 7pm and presser 7:30 so traders likely to be cautious til then

Overnight Indices down Bonds up, USD flat Gold up. H4 Chart US 30y Treasury note up slightly this week after drifting down for the 2 weeks prior. UK and EU CPI data but it's all about the Fed today, 7pm, presser at 7:30.. Check out Dailyfx's summary on how interest rate cuts affect the different markets from the link below. https://www.dailyfx.com/forex/fundamental/article/special_report/2019/09/17/how-gold-oil-stocks-usd-perform-after-fomc-rate-cuts-start.html

Dow looking to break out up over the pivot on the US close having been restricted all day is very bullish. H1 charts;

come down because of oil but now Saudi saying oil back on line expectations will reverse back up, 22 hours and counting ta-da.

The spreads for SB and CFd are the same, we saw this on a vid of Ross's @nit2wynit posted on this thread a week or so ago. CFDs are banned in the US, have been since the late 70's so Ross is share dealing through a DMA type platform that he pays $280 a day for which includes high speed connectivity, exchange fees and low commission per trade (1 or 2 $).

08:38 (SA) Saudi Arabian oil output will return to normal levels sooner than initially believed, according to sources with knowledge of Saudi oil operations - press - Saudi source: Saudi Arabia is near to restoring 70% of 5.7M bpd oil output loss - CTNews.pro H1 chart;

"Ocado makes first full-year profit in its 15-year history" (2015) 🙄 And yes, as the study points out, it's virtually impossible to make a living day trading in the first year with no training other than reading 'TA for Dummies' over the weekend.

the Tradingview chart is the same 5min chart but none of the charts are the market, just a approximate graphical representation of the market, a gap might be represented as a blank space or a solid candle. There are differences as to all platform construction, some are build with an emphasis on dealing while others the emphasis is on charting. The IG web based platform is the former (and used by both retail and professional traders alike) while PRT and Tradingview are more tuned to charting. Either way you are trading the market.

but what is it actually telling you though, besides that 3 different platforms are filling in gaps differently on a illiquid stock.

I read this research paper last week and it really doesn't say anything new. New traders lose, and it didn't offer anything constructive though who would want to trade Brazilian equity futures anyway Not too many business startups make a profit in their first year, take Ocado for instance 🙂

These below are IG's default as they appear on the MT4 platform whereas the web based platform places the pivot at 7336 instead of 7335 and match your top set so there is a very slight difference in the way the 3 platforms show the data, I would use your top set because IG's charts and default indys are used by 10s of thousands traders and really that's what it comes down to, that they be recognised by the majority.

Good 25 min video overview going through the elements of a trading system/strategy from Tradeciety.

Latest from Dailyfx IG client sentiment, note the big indices are at their usual heavy short by the retail crowd as is always the case as markets close in on their highs. Comms, fx, crypto, indices;

Saudi press conference set for today 18:00 UK time, reports that Aramco are signalling to customers of delays to loading, also a report yesterday that Japan contractually has first dibs on storage stocks.

Dax has followed Dow under the pivot, Dow currently taking a look at S1 around yesterday's low, will need to wait and see if we get rejection here and a retest of the pivot or a push through onto S2, either way Dax is likely to follow. H1 charts;

Dow settling in just under the ATH, some speculation around that with the jump in oil the Fed may not be so keen to lower rates tomorrow and Putin offers to send weapons to Saudi as they don't have enough apparently. https://www.cnbc.com/2019/09/16/fed-decision-expectations-rising-that-rate-cut-might-not-happen.html

Markets settling back down, Indices down Bonds up, USD flat Oil pulling back a bit, Gold flat Crypto mixed. Chart NY Sugar spiking up. 10am Ger and EU econ sentiment data.

Likely to be caution until the Fed mtg Wednesday, everyone (the big guys) are already all in but have their finger poised over the sell button til confirmed just in case..

Powell will do what's expected then completely skew up the presser and Q and A and send the market tumbling, Trump will start hyperventilating and then explode and then Iran won't know what hit them. I can see it all so clearly 😅