Caseynotes

There you go @BMP2020, a very comprehensive discourse on what actually happens and why the majority will down their first account in quick time. A few do hit it straight off the bat and think they have 'got it' only to be tripped up when the market cycle changes and they give it all back, but most start losing straight away and continue so until their account disappears. If you are constantly trying to second guess changes of direction in market price you will lose, if you have a tried and tested rules based strategy that automatically governs your every action at set situations you will have a chance, it takes time and loses before you can recognise the need for it. It doesn't need to be brilliant, just needs to keep you out of bad trades and in good ones.

definitely the default (H+L+C)/3 which to my observations is the one most likely to be adhered to therefore the one that is used by the greater number of traders. I've pointed out numerous times price reversing at one of these levels 'to the tick', that can only happen if large size traders have set up pending orders at exactly that level. @DSchenk was unlucky today as the Sunday 1 hour candle (gap) was of a fair size so the subsequent PPs it generated for Monday were believable, but on a normal Sunday the Monday PPs look like this pic below and there is no mistaking they are skewered.

that used to be poor on prt, if memory serves you need to go to Options > Trading options > Statistics and order display > and check the boxes for 'display top of chart'.

if you have computer software to match buy with sell orders it's easy money taking a commission off both parties, why would you risk an FCA ban. Having said that sometimes a broker will act as a market maker to satisfy client demand but will hedge that to counter the risk.

if you treat trading like gambling it will be gambling and 90% will just lose quickly, if you treat trading like a professional trader does you have a change, most people do treat trading like gambling.

suspect the FCA would not be too keen to see a broker act in any way other than as a broker. the broker sees your buy order and matches it with another traders sell order and takes the spread off both of you, depending on the subsequent direction of the market one trader is going to profit and the other trader is going to lose.

yes, the 'all sessions' are US markets IG has selected for extended hours trading, you can see the list here https://www.ig.com/uk/shares/out-of-hours-shares

IG's PRT uses IG data same as the IG web based platform and will only supply Level I data, to get level II data you would need to subscribe to the particular exchange via IG's DMA platform.

Just to add a point with regards to pivots, I've seen more than 8 different variations on the way they can be calculated, the one IG uses as default is called 'Floor' and is the best one to use when adding your own on Monday using Friday's OHLC instead of the auto-draw tool which uses the Sunday OHLC. https://www.earnforex.com/pivot-points-calculator/

The futures or forwards markets are designed specifically for holding trades longer term and do not incur overnight funding charges but do have a larger spread which must be repaid every time the contract is rolled over (usually every 3 months). To find if futures or forwards are offered for the market you are looking at check for a dropdown box next to the title, see pic below.

no, haven't read that one though have heard of it, is it recommended?

and this system will work perfectly fine so long as losing trades are closed early and winning trades are let to run so that the average win of the winning trades is greater than the average loss of the losing trades, a 50% win rate (coin flip) only needs a risk (loss) to reward (win) ratio of 1:1.5 to be profitable, see graph below;

Hi, on your IG welcome page click on the Academy tag to get started (see pic below);

Both starting below the pivot (Friday's OHLC) and currently looking to retest, if bears can keep control of the pivot will be looking then for a retest of the recent low but if the bulls can take control will be looking for a retest of the recent highs. Dax with added volume profile just for the look of the thing. H1 charts;

Outage length of time scenarios and their affect on price from Goldman Sacs;

yes the hazards of trying to second guess and front run the market, Brent put in a 1 minute candle of over $10, I think I read that a jump that size has not been seen for near 30 years.

With the FOMC US interest rate setting meeting coming up on Wednesday may see Dow inch up towards the ATH and monthly chart resistance level (purple) in expectation with the others following with caution. Could be an interesting week with the US and Iran shouting accusations and threats at each other while the possibility of further drone attacks remains high. Daily charts;

The events in Saudi affecting most markets, Indices down, Oil up Gold up, USD flat Bonds up Crypto up. No high impact news scheduled today, Japan bank holiday today, note China industrial production continues to fall data released early this morning.

Hi, the online IG platform is primarily a dealing platform rather than specialising in charting though the number of available indicators is continuing to grow. At the moment volume and vwap will help though you might consider IG's Prorealtime platform which I understand has added Equivolume candles to the package or even consider MT4 where you could look at advance/decline, cumulative delta volume, volume profile or market profile.

The company have already started dialing back a date for return to normal production, some engineers on twitter are talking months ... providing there are no more drone strikes, but 'practice runs' on other targets have been reported several times over the last month or two. The indices are all ready looking at a gap down so a gap up for oil and gas seems likely. @gjhart the indices and commodities markets don't open til 11pm Sunday UK time and put in a single 1 hour candle for the day, FX opens at 9pm Sunday.

CNBC here are talking a $10 rise due to the drone attack which would seem somewhat steep, interesting is that the weekend indices are down, presumably also as a result of the attack. Also being highlighted by other commentators at the moment is the Saudi infrastructures vulnerability to more attacks. And the company Aramco put out a statement not long after the attack that supply would be back to normal on Tuesday would seem overly optimistic. https://www.cnbc.com/2019/09/14/oil-could-rise-10-per-barrel-after-drone-attack-forces-saudi-to-cut-output.html?__source=twitter|main https://www.spglobal.com/platts/en/market-insights/latest-news/oil/091519-factbox-crude-supply-under-threat-after-saudi-abqaiq-attack?utm_source=hootsuite&utm_medium=twitter&utm_term=plattsoil&utm_content=12f17453-6d95-4a10-95ca-852a8c4e3dcd&utm_campaign=oilnews

Real possibility of the Oil markets gapping up on market open following the drone attack and fire at the Saudi processing facility Abqaiq, latest news that production cut by 5 million b/d, half of the Saudi daily output and 5% of worlds daily production (wsj). https://www.wsj.com/articles/drone-strikes-spark-fires-at-saudi-oil-facilities-11568443375?redirect=amp

Excellent video on the development and essence of MMT in this interview with Warren Mosler, reposted from another thread.

Thanks @elle excellent video on the development of MMT, very smart guy and a genuine insider from the conventional economic operations arena with a deep understanding of how it all really works, I'll need to watch a few times, heavy going in places, turns a lot of perceived monetary policy wisdom on it's head and yet his descriptions are looking back at first principles. Includes a look back at the creation of the Euro and an interesting look at the immediate future for Europe. I'll add this vid to the Modern Monetary Theory thread.

Hi, not sure on that market specifically but on Fridays there is generally a x3 charge to cover the weekend, does that explain the difference from what you were expecting? More on over night funding 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-