Caseynotes
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Posts posted by Caseynotes
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5 minutes ago, andysinclair said:
Saw this today: https://financefeeds.com/tech-issues-affect-ig-platforms-second-time-less-one-week/
Doesn't fill me with confidence to start trading again, I too would like to see a detailed response from IG.
Still nothing on the actual cause, must admit I didn't notice anything yesterday, was the same issue too, not being able to close positions.
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1 minute ago, GabeFabe said:
Thanks again CN - the asset i was referring to is a mid-size Australian company, so maybe the same applies 🤷🏿♂️
If there has been a lot of recent one way trades being opened or if the book is heavily one sided IG needs to off set that by opening hedging positions themselves but they have a risk limit, might be that.
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1 minute ago, GabeFabe said:
Thanks, CN, that appears to be the case most of the time - although in some instances, the company is relatively large, with significant trading volume (on other platforms at least)
ok, I forgot to include the one about IG being at maximum risk exposure for that asset, usually more often seen in the crypto markets 🙂
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4 minutes ago, dmedin said:
@Caseynotes You've done a good thing by reminding us to overlook the naysayers and look at the underlining up trend in the Wall Street index. Thank you.
seen it before at every hint of a downturn and it drags the unwary down, I presume one day they will be right and you'll never hear the end of it but it's worth stepping back and having a think before jumping in short when, off the top of my head, it's +13% annually since 1950.
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Interesting diplomatic/trade stance from the Chinese;
SCOOP-Senior Chinese diplomat to FoxBusiness: China cannot be deterred in anti-poverty efforts, long-term growth strategy even amid trade talks; won’t make any compromise, even promising to eliminate IP theft that would stall growth more now.
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The consensus is for an ECB rate cut today (as posted in the daily dashboard thread) from -0.4% to -0.5% but if that doesn't happen the Dow will be badly knocked as well as Dax, it will rattle bullish confidence in the expected cut by the Fed next week.
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S&P and momentum - value chart showing the current spike down, from these levels the biggest rallies start plus another look at current hedge fund positioning and the suggestion that in the past they have ended up chasing the market rather than being the wise front runners.
Also keeping an eye on the copper chart and a reminder of the copper gold ratio chart posted above on Sept 4th.
'History shows the biggest spikes were last-minute positioning resets that kick-started *massive* global cyclical rallies (2002, 2009, 2016).'
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Early check for support following a big run up into yesterday's close and continuing on upbeat trade war news overnight. The Dow ATH is the purple monthly chart resistance level just overhead so the bulls will be wary, they know next week's expected rate cut is fully priced but Powell is capable of wrong footing them yet again. I suspect if the ATH is broken it will be by drifting price action with one eye on retreat rather than a full rush dam burst.
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1 hour ago, mycfd said:
Hi JamesIG,
Where can I find the table that shows the overnight funding rates for different commodities?
Hi, they don't do a table for commodities (probably because it's such a tricky calculation) but you can have a go working it out yourself, see examples for commodities half way down this page.
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The bulls went charging into the US close yesterday and have kept going since towing the others along but the ATH is just ahead for Dow so likely to be another pause. ECB rate decision today and is Draghi's last before handing over to Lagarde so may end up being a very non-committal presser at 1:30pm.
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It's all gone risk on with Indices up Bonds down,Oil up Gold down, USD flat. Chart Japan 225 up 1%.
High impact data releases today are the ECB rate decision 12:45 and presser at 1:30 plus US CPI at 1:30pm.
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ok that's interesting - a big rally into the close on Dow, a sure sign of real bull strength.
Dow daily and H1 charts;
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7 minutes ago, nit2wynit said:
I witnessed a conversation on here a while back discussing the remuneration possibility. Maybe it's not your goal, so don't take it the wrong way if It's not. My point was about Making Profit from knowledge. Not specifically about you.
Unfortunately and as a Teacher (unofficially) an individuals Learning Curve involves Loss, Reflection, Adjust, Try again.
Some learn from reading, but the emotional aspect of Trading can't be read in a book. It must be experienced.
I lost because I didn't stick to my plan; Finding Breakouts. 1:1 PL. I became confused, fearful and impatient, over cautious, hesitant etc. But I've learned it, and at -£1400 over 6 months, it's still the cheapest 'Education' I've ever had.
Uni cost me £15k. Restaurant cost me £50k. £1400 is a year of car repairs and maintenance, but I still have Rules and a Limit and this is why I've pulled out till I prove 1k up.
The rest of this week will be telling as I continue to use the Demo to find breakouts. Yesterday could have been up £800 from a £38 risk. Excited to see what today brings, but still a healthy Respect for any losses. As of Monday I'm up £267 Down £110.well good luck, what's on the watchlist today then?
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"China exporters praying weaker yuan will save them from Donald Trump’s higher trade war tariffs"
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8 minutes ago, nit2wynit said:
Why do Teachers exist at all in school in that case? Why work for someone else if you can do it yourself. I'm assuming you and others are hoping to gain some kind of Remuneration for your contributions here?
yes none of the aspects is rocket science, it's all 'doable', it's putting together the complete package that is inevitably tailored to the individual that takes the time.
There are teachers because having done the work to learn some find they can make more money teaching than actually doing.
when you say am I hoping for some remuneration you surely don't mean a reward from IG for posting here on the forum do you? when I started posting it was with the hope of conversing with those of similar experience but it's mostly just pointing a long line of newbs in what I consider to be the right direction (ie away from simply blowing up their account in a matter of months, but admittedly with limited success).
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8 minutes ago, nit2wynit said:
To finish.
Trading is Stressful and comes with Risk, regardless of your percentage of success. Selling what you know requires No Risk.
I know which is better for me.
I've had a number of different careers over the decades some of which were absolute money spinners and some that were an absolute joy but all of them took at least 5 years to really get on top of it.
Someone might be able to explain quite adequately how to perform brain surgery but if that's all you've got to go on you're going to kill quite a few patients before you get the hang of it yourself. But once you have got the hang of it is it really still all risk? If your trade stats tell you the averages are good are you really going to worry how any one particular trade does? The concern shifts to building account size and so enable greater position size rather than starting a spinoff business I would have thought.
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2 minutes ago, nit2wynit said:
He only trades breakouts. I suggested you do a little more research on him a while back but I'm assuming you didn't.
I did actually and was plagued for months afterwards by adverts to join his 'pay for group' which seemed to be his main business.
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3 minutes ago, nit2wynit said:
I do like the platform. It's easy to use and navigate, but it's not the fastest or smoothest of several other UK platforms I've tried.
I did follow up on it and it's being considered, but the extra learning and costs involved have caused me to rethink and since then I've gone back to my initial idea which is to find and trade breakouts. However, I knew what it was and where it was as I downloaded the Trail in April but never used it. Spread Betting in the UK is Beneficial as an alternative to Share Dealing because of the costs involved, but at the expense of Instruments available to trade. (thousands of other people around the world trade Breakouts in the same manner he is showing. This Guy is not God. Trading breakouts is not new. I follow Ross because he shares each day his Watchlist and then a Recap the next day of his trades. Win or Lose.) What he uses Now being a 'Millionaire' is of little concern to me. I'm interested in what is needed to succeed. From what I can see he has been on YT since 2014 showing his trades.
I'm not sure there was a question in here Casey?yes, that's understandable and no there wasn't really a question but just pointing out that the tools he is using to do the job are very expensive to get the results he claims and that the DMA was key which is available via IG. I'm assuming he is hooked up to all the big US exchanges to trade the companies on his watchlist that you are trying to copy and you would need to do the same.
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Fascinating lecture on Poker Economics, one of the MIT's OpenCourseWare series .
Delves into early Credit Creation and money and debt by linking poker in the early 1800's in the US mid west to soft banks and onto the formation of the CME futures market in the same region. Then comes back to poker and it's links to quant analysis in the 1980's, beating casinos and the emergence of hedge funds.
Just over a hour long.
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6 minutes ago, tehka said:
27000 is a psychological level for the Dow, so I expect to see some resistance at this level, Opportunity for a quick scalp/swing, if you guys are into these kind of things..
yes, around that level was the early July high resistance and then provided support once broken all through the rest of July.
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25 minutes ago, Gaby said:
Fellow Traders,
I have a question for you: do you read any trading magazines ? If yes, which ones are your favorites?
Bye, Gaby
never really looked at any before, usually get most info off the internet or via twitter so had to look up what was around.
https://www.orbex.com/blog/en/2016/11/top-5-trading-magazines-worth-subscribing
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Dax continues to make steady gains Dow was more cautious yesterday but both start above the pivot on the London open having already tagged R1. As is often the case may check for support before attempting higher.
H1 charts;
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Another pause candle for Dow yesterday though Dax is trying to make some gains. Ftse still has resistance overhead during trying times. Not much on the calendar until ECB rate decision tomorrow.
https://www.cnbc.com/2019/09/10/the-economic-numbers-are-continuing-to-defy-the-recession-hype.html
Daily charts;
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Indices up Bonds continue down, USD flat Oil and Gold up Crypto down.
US PPI data today at 1:30pm.
Is spread betting for fools?
in New to IG Community
Posted
looks like the platform is 'having issues' on the open of US pre-market, see trading view chart below.