Caseynotes
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Posts posted by Caseynotes
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1 hour ago, sandwich said:
Thanks for the help. ☺️ Appreciate that.
I guess I just need to wait patiently ...
3 hours ago, changeFC said:Is this issue solved. I encounter the same problem.
Help desk says they'll look into it. not sure how long it'll take. It's been already 2 days, since I talked to them.
MT4 is third party and so IG don't really have any control over it other than their connection. I set up a pending order on the live platform yesterday without any problems at all.
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6 minutes ago, sandwich said:
Probably still ok and not the reason as there is still a connection, click on the connection box and check other data centers (see pic).
is there any other error message on the screen rather than in the journal?
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1 hour ago, dmedin said:
I'm going to have to limit my punting to the Demo then, even although the Demo is unrepresentative of how it really works.
the demo is good enough for most people to learn and practice on except the very specialised type of systems such as ultra low time frames or very illiquid markets in which case you would be better off practicing on the live with minimum size.
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10 minutes ago, dmedin said:
Here I am back again, like a masochist paying a lady to whip him and abuse him. It's unfathomable.
I would gladly restrict myself to one method if I could find a method that actually works.
I'm totally overloaded with information - and I still have stacks of books and dozens of websites and videos to watch - so I can't 'pick' a method any more than I can pick a market to bet on.
but what does it all boil down to, you can look for enclosed chart patterns like triangles then essentially you are trading breakouts, for support and resistance levels it's breaks or turns, you can look for trends but essentially you are trading failed dips (turns), the other main category is open chart patterns like double tops/bottoms and head and shoulders (turns).
what you are looking for then is a break or a turn.
start with an average time frame eg 4 hour and an average market eg, fx majors, indices, commods.
a chart and candles on their own are not enough, you need a filter to discount the less probable and a confirmation to highlight the more probable, these two tools will likely rule out 50% of potential setups plenty of which will go on to win but never mind, so long as they rule out more losers than winners.
for example the 100 sma makes a pretty good direction filter (follow the slope) and stoch works as a good wave turn confirmation tool (follow the slope).
so the chart and candles must indicate a break or a turn, the filter informs you to dismiss all signals in the opposite direction and the stoch confirms the break or turn. add obvious levels where you could expect a break or a turn and you end up with this chart.
whatever charts and tools you decide to use stick with it, don't mix and match, then practice execution while starting to think about tools to use to get you out of the trades.
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yes I would agree with Nit, what are you doing? the approach seems to be to try to find every chart pattern in the book on every chart and take a punt. we humans see patterns everywhere whether they are real or not, it's a survival trait that works in the jungle but one that will get you killed in the markets.
decide on ONE approach, find filters and confirmations that add to the probability of that system being profitable, test it, then bring it to the market.
but I repeat myself, again.
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10 hours ago, Mossie said:
Hi there
Having moved from the old charts how do I find the quarterly indices charts and also how do I scroll along a chart without having to drag from side to side using the mouse.
Or is there a tutorial video to study
Cheers
Hi, there is the short IG made video which is more of an advert (see below), someone has done a short series of videos on youtube but can't find them at the mo, will try again later.
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6 hours ago, GabeFabe said:
Could anyone please suggest reasons why a market might be "Closing Only; unavailable to open"?
Hi, it might be because IG are taking the company off the platform if it's fallen below their market cap minimum and it becomes much harder to match buyers to sellers.
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6 hours ago, sandwich said:
Hi,
I can't open a trade with my MT4 platform since yesterday.
The journal of MT4 shown message as below when i try to open a pending limit order
'90248': order buy limit .... failed [common error]
I try many times but it's still the same message pop up on the journal.
Please help ... thanks
Hi, that might be a connection problem, check the connection box bottom right, the number after the slash is the number of drop outs, there will be one or two on startup but if you have a lot more there is a problem.
Also check the data feeds from 'File' > 'Open an Account', the speeds should be less than 100 ms.
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Both have pushed down through the pivot looking for support, the long, med and short term are all bullish so not anticipating a deep correction and there are plenty of levels where buyers might step in. As in the indices thread we may be due a short period of consolidation so thinking more range play than trend ride until the picture becomes clearer.
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14 hours ago, Nickwhite said:
I want a mt4 account ho do I go about it
Hi, see this page;
https://www.ig.com/uk/trading-platforms/metatrader-4
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As mentioned in yesterday's morning post a pause candle it was and for the same reasons could be looking at the start of a short consolidation period for indices. Ftse though basically in step continues to be rattled by Brexit indecision.
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Indices down Bonds down, USD flat Oil up Gold down, Crypto up. Chart Bund.
High impact UK unemployment data.
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14 minutes ago, COOPERMAN said:
Every day I see guys on CNBC talking about OPTION contracts and how they are a great way to make money.
I have been trading long enough to know where there is Reward there is also risk.
Can anyone point me in the right direction to get started trading options?
Thank you
The main reason options are so popular in the US is because CFDs (spread bets) are banned by SEC, ESMA one step beyond.
https://www.ig.com/uk/options-trading
https://www.ig.com/uk/options-trading/how-to-trade-options
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'The next recession is coming, that's for certain!' ... is not actually telling you very much.
Every man and his dog is predicting a recession, imminent, in 6 months, in 12 months, in 18 months, in 24 months. right.
We know this happens every time there's a downturn in the data but there have actually only been two recessions in the last 20 years. But this time it's different - yes well it always is, but what about the debt, well that's been around like forever, as that great 20th century economist Ronald Regan 🙄 said back in the 1980's "the debt's big enough to take care of itself" Boom Boom.
Ah, but the yield curve inversion, guaranteed that is. But does that really work so well now yields have been decreasing for decades and are going negative across the developed markets, even Alan Greenspan last Thursday said he expected the US yields to go negative in the future. Japan has had negative yields for an age, with such tightly packed spreads is an inversion as meaningful as once was?
History shows downturns in the data are more likely to lead to a new stock market rally than a recession and especially so when hedge funds are at minimal holding. The last two recessions we didn't really see coming, y2k and the bubble and bust then the sub prime fiasco (bubble and bust) but this time we know what's causing the data to drop, it's Trump trying to get China to play by the rules, it won't but it could end tomorrow.
Keep an open mind, don't swallow garbage wholesale, wait to see what happens, be equally prepared for a new leg up as for a leg down.-
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and it's a good question, just not sure who you could ask to get a definite and 100% accurate answer. As said above I think a period of consolidation is the next most likely play.
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1 minute ago, angstrom said:
Hey, thanks for that. So spreads for CFD and spread betting are the same?
I'm pretty sure so yes but you can see the cfd page, select 'Markets to Trade' > 'Indices' from top of IG home page and then link to cfd product details instead of SB.
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4 minutes ago, angstrom said:
Hi, can someone tell me, or point me to where I can find out, at what times (UTC/London time) the spreads change for Wall Street Cash and Germany 30 cash. I know that Germany 30 has a spread of 2 when it opens at 07:00 my time and drops to 1 at 08:00 when the LSE opens; when does it go back up to 2?
thanks for any help!
Hi, see this page;
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7 minutes ago, dmedin said:
Is there another opportunity to get in long before it shoots up higher?
will it shoot higher? is this an opportunity to get long before it shoots up higher? if the Fed rate cut is 100% priced into US indices has it been fully priced into gold?
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Currently ranging between 52.76 and 57.62, US inventories on Wednesday at 3:30pm. Saudi may control supply but Washington and Beijing control demand.
Daily chart.
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Gold holds at 1500, may consolidate around here while indices and the Fed decide direction, a 25bp interest rate cut by the Fed is now fully priced in and 4% for 50bp.
Daily chart;
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Looking to climb higher though may see a check of support first. The big problem for indices this week is the Fed rate decision Wednesday next week, the expectation is for a rate cut but will they really do that if the indices are making new highs, or to put it another way is the expectation of a cut enough to push into ATH's.
H1 charts;
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The charts remain bullish to start the week, focus will be increasingly drawn to the will they/won't they Fed rate decision next week (Wed 18th). With the all time high just ahead for the Dow may see a pause candle today in contemplation but the recent trend is clearly up with moderate resistance next at 27060.
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Indices up Bonds down, USD flat Crypto down Oli up. Chart WTI.
UK GDP at 9:30am, parliament vote at 7pm.
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15 hours ago, Gain said:
From the site it is not clear how I register to trade in bitcoins, sould someone please provides some guidance? Thanks
Hi, IG doesn't trade bitcoin directly but rather offers a derivative 'contract for difference' (spread bet) market based on Bitcoin/US Dollar, see this page (ways to trade cryptocurrencies).
https://www.ig.com/uk/cryptocurrency-trading
Is spread betting for fools?
in New to IG Community
Posted
Very informative video, now have I got this straight? you don' like the IG's cdf (sb) platform for trading small US stocks that probably do small volume with UK traders, I pointed you to the DMA platform which you looked at but didn't follow up on, and now post the above video where the guy you are trying to emulate tells us he is paying $250 A DAY for his DMA share trading platform and connections (exc trade commissions) to trade these US small cap 'gappers'.