Caseynotes

For a daily chart choose a higher level pivot, the monthly here is quite interesting.

yes, historically it can be many months before indices show any sign of a down turn as a follow on from a yield curve inversion. Also bond markets have changed a lot over recent years with negative interest rates and negative bond yields throughout western Europe and Japan.

Dax and Dow below the pivot tried lower after the London open but bought back up before reaching yesterday's lows so looks like next a test of the pivot. H1 charts;

Dax, Dow and Ftse very much in sync and trying to lift, strong support just below. After these big daily swings this week may be time for a pause candle.

Overnight USD down, Indices trying to lift, Oil down Gold up, Bonds up chart Bund. Lots of US data today at 1:30pm should be interesting.

Yaay

The correlation is that Gold is risk off while Indices are risk on, money routinely flows backward and forward between the two on change of sentiment. This week has seen big sentiment swings, trade war dragging on, Trump announcing a de-escalation, a period of reflection, and the realisation not much had changed and then new news the 2s and 10s bond yield curve had inverted for the first time since 2007. All played out in real time on the charts;

no, instead think Remora, attached to the shark so follows closely and is lead to food.

The fly in the ointment of your hackneyed view is that the sharks actually feed off each other, retail traders are not even a snack and only get eaten when they get in the way.

Yesterday's move in gold is clearly correlated to the move in stocks.

never seen a way so far

'get long stay long' not at all, I'm questioning the fixation people have on calling tops and jumping in short at the drop of a hat. It's a psychological trap that afflicts the majority and is without doubt the main reason most people fail.

You can get that from a number of web sites such as this one https://markets.businessinsider.com/index/components/s&p_500 but just the S+P 500 alone is 10 pages long

I love this game, anyone can play and IG clients are always at it. During multi-year bull runs you will find the majority of IG clients are trying to short the market, usually between 60 and 70% at any given time, brilliant. I often wonder what makes it psychologically so enticing to keep trying to pick tops? I personally think it's because people look at the chart and see price is at the top of the screen ergo it must be about to turn round and come down right? I also wonder if the reverse is true, that in a bear market do IG clients keep trying to pick the bottom and buy? Bear markets come round so infrequently I've not had a chance to check. The two charts side by side below, are either of these the 'top'? who knows, realistically the 'top' can only be determined with hindsight, 'keeping your power dry' through multi-year bull runs waiting for the big crash just doesn't make any sense, play the chart in front of you not the one you hope to see in the future. The charts below are weekly, the S+P can take months to roll over so why would you be trying to pick the day, what's the point in being wrong hundreds of times in order to be right one day, but as the bottom chart shows there are always plenty takers.

Hi, there are 10s of thousands of shares to watch on the platform, how would you do that? realistically you are going to need a screener.

Just to update the Shopify chart;

Trump makes a slight alteration to the world markets and future outlook but still expecting some fireworks beginning of Sept. As is mentioned in Sunday's post above, to get real time unadulterated subscription free market moving news just sign up for Tweetdeck and follow Trump.

Overnight change and markets settling after the most recent Trump play, Gold holding up quite well chart. Ger GDP, UK CPI, EU GDP.

Markets are always about finding fair value, trading is always about finding a market that is searching for fair value, time frames are just a matter of choice. TA may help to determine where that fair value might be found but can't predict fundamental changes that will change where fair value might be found.

Hi, because a cfd is still a contract and to trade it IG need to find you a counter party, to short it IG first need to find someone to lend it to you and then find you a counter party to trade with. If no one is willing to lend it to you in order for you to short it (sell it) it is said to be unborrowable.

Hi, to start you want to go through an educational program to understand the basics such as the IG Academy or Babypips. https://www.ig.com/uk/learn-to-trade/ig-academy https://www.babypips.com/learn/forex

Hi, you need to open a separate mt4 account from your 'My IG' page and '+ add an account'. see pic, and then download and open mt4 and go to 'File' > 'open an account' and fill in the details to link them.

They need to be treated with caution (catching falling knives), chasing the market can be problematic, getting filled late but just in time for the whipsaw to take you out, even with the always needed larger stop is common. Like any new news event many prefer to wait for the dust to settle, often after a spike you get a nice channel, today looks more like a flag but at some point consensus will decide direction and that will usually lead to a measured move (either direction) at least as big as the spike and far easier to get aboard.

A US president's comments are just as market moving as the Fed's, or red flag data releases, the market prices in new information, that's exactly what's supposed to happen. An awful lot of people are suckered into thinking the market must move in accordance with the lines they've drawn on their chart.

Thanks @JamesIG, I'm not having any trouble with mt4 at all, it's working fine and so is the mini terminal so long as those two new features are not enabled. I've no idea when they were added to the apps package I only found them when I saw the file size was different to the one I had from ages ago. I don't actually need them at all but they looked good so gave them a trial run.