Caseynotes
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Posts posted by Caseynotes
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6 minutes ago, nit2wynit said:
I'm clearly still learning, but.....
If I lose I'm assuming IG takes the money, But they make their money on the spread, so where does my actual loss Go? When someone Wins does IG pay out of their own pocket? Likewise with shares. Who are we actually Trading with? Who's keeping the money and paying out if we Sell Shares?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.
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29 minutes ago, DSchenk said:
I'm just configuring my PRT platform for the US.
Even with L2 streams subscribed, you don't seem to get pre-market date, except for very limited stocks. Seems to be only a few big ones, like Microsoft, Apple, Google, etc.
yes, the 'all sessions' are US markets IG has selected for extended hours trading, you can see the list here
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11 minutes ago, nit2wynit said:
There's often a shortage of feedback in here as I'm sure you're now aware. I've literally just activated PRT so concerned to see so many unanswered questions regarding it.
Did you figure it out?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.
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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/
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On 08/09/2019 at 09:37, Guest MrT said:
Hi. Does anybody know if it is possible to spread bet without leverage (so I could keep my position without overnight 'borrowing' costs)? Thanks.
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.
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5 minutes ago, dmedin said:
no, haven't read that one though have heard of it, is it recommended?
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8 minutes ago, dmedin said:
Flip a coin - heads long, tails short. Hope this helps!
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;
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28 minutes ago, maringachrisen said:
Hello there!
How to trade on IG ?
Hi, on your IG welcome page click on the Academy tag to get started (see pic below);
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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;
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Outage length of time scenarios and their affect on price from Goldman Sacs;
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3 hours ago, AbDXB1345 said:
Hope everyone else had better luck with this trade, placed a LONG order on opening price at around 60USD, but the gap up opened me at 69.10, rised but not enough to hit my limit and then the market obviously recoiled and closed me out at 66.06
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.
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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;
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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.
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2 hours ago, roryduffy said:
Hi,
Apologies if this has been asked before.
I look mainly at the S&P 500 for trading and I am new to IG platform.
Can I get some way of tracking
- Volume
- Breadth
concurrently while trading the S&P index.
Best,
Rory
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.
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5 hours ago, AbDXB1345 said:
"As a result, ethane and LNG supplies will shrink by 50 percent," said the minister, adding that domestic supplies of fuel, electricity and water had not been affected."
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.
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17 hours ago, Caseynotes said:
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).
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.
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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).
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Excellent video on the development and essence of MMT in this interview with Warren Mosler, reposted from another thread.
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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.
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7 hours ago, Simon11 said:
Can anyone tell me what the overnight funding charge on 100 contracts of Volatility Index (£1) should be?
I bought 100 @ 17.04 two days ago and am being charged about £6 per day. (The margin is about £180).
That seems excessive?
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 >
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4 hours ago, skykwan said:
Does anyone know that the trading hours of the Cryptocurrency?
It supposed 24x7x365, am I right? Then why it's close now?
Hi, crypto exchanges are generally 365 though they do shut down periodically for maintenance. IG does this weekly from 10pm Friday (UK time), the crypto market restarts at 4am Saturday (UK time).
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10 hours ago, Caseynotes said:
oh right, so they palmed me off with the dud then 😡, ******* typical 😅
oh great, now a ******* windows update on top of everything else, now in my programs list their are only 27 programs listed and that's not right, and MT4 isn't listed to uninstall.
Go to the desktop IG mt4 icon, right click, select properties, select 'open file location' and there is an uninstall choice there.
Download fresh MT4 and apps pack from IG, install and success. Build 1220 (13 Sep 2019) and the mini terminal is back up and running.
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8 minutes ago, Kodiak said:
Seems to work for me?
Build 1220
oh right, so they palmed me off with the dud then 😡, ******* typical 😅
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1 minute ago, dmedin said:
Another good example of how they are championing their clients' trading?
blasted upgrades/updates always cause problems, Google chrome had a big update yesterday so waiting for that to fall apart too 😅
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Is it worth the effort to learn and keep learning to trade?
in IG Trading Support - Dealing Questions
Posted
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.