Caseynotes

July 22, 2019

On the H1 chart both Dax and Dow making an encouraging move for the pivot (Friday's data) pre-European market open. Both have fairly solid support below but strong resistance above as well, current chart structure suggesting resistance likely to be tested but the pivot needs to be captured first.

July 22, 2019

Weekly charts and Dow puts in a inside pause candle while Dax has a bear continuation. Ftse stuck in range flag and Nikkei coiling in a triangle.

S&P daily trying for support off 2966 but may take a look at the stronger level just below at 2958.

July 22, 2019

Starting out fairly flat, Asian markets down as bets come off for an aggressive rate cut next week. USD up Crypto up and Bonds down overnight. Chart USDJPY.

Not much on the calendar today or tomorrow, ECB rate decision Thursday and US GDP Friday.

July 21, 2019

13 hours ago, chunster said:

Ever since I joined IG, I have been forced to use the web based platform when trading on the iPhone and iPad. The app is not available for download in Malaysia. I don't understand why the app is not available for Malaysians especially when all the other broker's apps are available in Malaysia. IG's web platform is buggy on the mobile web apps like Chrome and Safari. I hope IG can publish their iOS app for Malaysia ASAP.

Hi, this has come up before and has something to do with restrictions placed on the app by Apple. See this thread below.

Though just noticed the thread is quite old, maybe someone can provide an update.

July 21, 2019

BTC made a break up to test 11083 then down to check support at 10446, the latest bounce up looks strong on the lower time frames so expecting another try for 11083.

H4 chart;

July 21, 2019

8 hours ago, Jaricho313 said:

Hi, i haven't used ProRealTime yet and i was just wondering.. Will i be able to change the chart candlestick opening times and closing times so they do so according to the US times? As using the normal IG platform the candles use GMT. Therefore having a little candle for sunday which makes the chart look all tachy.

Thanks.

Yes, PRT has a time zone shift function, don't know if it has a 'ignore Sunday' function though as it uses IG's feed.

see this vid.

July 21, 2019

5 minutes ago, nit2wynit said:

I feel bad saying this now. Knowledge is knowing a Tom is a Fruit. Intelligence is not putting it in a Fruit Salad.

Intelligence is the ability to think to analyse, to digest.

Knowledge is learning. Learning that a Tom is a Fruit, for instance.

You can be highly intelligent but know nothing. But you can now everything yet fail to be intelligent.

But i get your point.

that's fine, the saying is borrowed from differentiating between smart and wise.

July 20, 2019

7 minutes ago, nit2wynit said:

I'm highly intelligent. But intelligence has little to do with knowledge.

yes, the intelligent man knows that a tomato is a fruit but the knowledgeable man knows not to put one in a fruit salad.

Intelligent people think that trading is all about technical analysis but it's not.

July 20, 2019

12 minutes ago, nit2wynit said:

Do you still want to help me?

everything I post is pregnant with thought

pregnant with thought is not thought, it just means you've been *******

you need to drop the personality and be a machine, a number, because the market just does not care about you.

July 20, 2019

1 minute ago, nit2wynit said:

Do you still want to help me?

I am happy to try to help anyone, most though just want confirmation of naive and inexperienced concepts of what they think trading should be rather than what it actually is.

July 20, 2019

you fail to acknowledge the time i have spent on you, going over problems on the platform, working out what is and what isn't, for you, I don't even trade on the blimmin thing.

I am helping by being honest and truthful, if you see that as being insulting then that's just your perspective (from a position of arrogance obviously) .

I'm here because I've seen this rotation a hundred times, 80% of new traders don't last 9 months, it's like being in the bloo dy matrix.

Again you have added 2 replies before I can send a reply to your post. Try less rapid fire and more thought.

July 20, 2019

bedside manor is bs, your account is dying. keep your idiotic psycho babble to yourself.

I'm not trying to offend you but you always refuse to address the points I raise, you ignore them for your own peace of mind

The problem is yours, I've been with IG since 2012, you are not going to last 6 months unless you wise up

oh, just read the bit about a new career, well 6 years to be a professional, makes sense.

I am not insulting people, I am just telling them not to be so bloo dy stupid, this is a tough game and the ne're do wells won't make it.

July 20, 2019

4 hours ago, nit2wynit said:

You are incredibly defensive and seeking acknowledgement. I've listened to you and thanked you the entire time.

I'm often met with arrogance ignorance and sarcasm from you.

You assume knowledge is the same as Learning. It's not.

You assume everything about me and know Nothing at all. Your opinion is based upon text only.

you assume most of your knowledge and it's simply opinion.

I've been very open in what I've done and why I've done it.

I don't need your validation to know this.

I'm learning. I'm happy with this.

Thanks

oh, so within a few hours I gone from needing to be more humble to suddenly being 'incredibly defensive and seeking acknowledgement', oh and arrogant.

it's not arrogance to refuse that Limit orders be renamed nit's entries.

it's not arrogance to point out that if the chart price is the same as the buy price then the chart price MUST be set to Ask.

it's not arrogance to point out that the shaded area refers to the min stop level if the chart price is set to ask for a buy order.

Nearly every reply to you has been after time spent on the platform checking this and that, what a waste of time. You don't even bother to read let alone digest the info in my reply posts, or to even check, you just dismiss because ...? of your own arrogance.

And that's my last word, until you respond with yet another bs reply.

July 20, 2019

Just now, nit2wynit said:

I did

Thanks

Look at the time stamp, hardly enough time to read let alone think, as usual just rapid fire meaningless, pointless reply.

July 20, 2019

1 minute ago, nit2wynit said:

Almost every assumption you've quoted above above is wrong.

Nothing else to reply.

Thanks

All the working out is within this thread which you contributed to but never actually read at all.

July 20, 2019

59 minutes ago, nit2wynit said:

This is literally the last i will say on it.

You scoffed and lol'd once again about my being wrong about my Limit being the Buy price. You clearly confused yourself about which chart and what point was being made. You create another short story about how silly I am and how you pointed out the Academy 2 months ago etc. You think I don't have access to the internet Casey? You realise there are thousands of pages to Link to for info on What is Spread betting etc. The market, Lessons, charts Instruments. Everything you know, you acquired over time.

You're arrogant, Sarcastic, and offer rhetoric that can be easily found by typing it into Google.

You may have a lot of knowledge on the subject, but a teacher you are not.

Who fails first? The Teacher or the Student?

What is it you think you worked out???????????????

I asked what the Gray area was. You said you didn't know. I've figured it out and told you. You've gone on and on about Mid Ask and Bid prices. I never asked you!

I told you I knew and you lol'd, and referenced a mute point that was never asked!

17 hours or more later, still going on about Mid and Bid....I know what they are. I know the spread. I now I know what the Gray area is.

I've seen this approach from you with other people.

It's bad taste.

If you really want to help, use 1k find a trade, and Live stream your success of it.

I told you my Limit was the Buy price. you said i was wrong. You were wrong.

Have a great Day.

you asked about the shaded area then said it was the spread, i told you you were wrong and you were, i then worked it out for you (it was to do with the ask, bid and mid prices). read the answers before replying.

you were wrong about the shaded area, you were wrong about the spread, you were wrong about what the limit is, you keep saying you need more education but you admit you never get round to it which is a shame because you don't know any of the basics at all, as a consequence your posts are misleading to others just starting out which is why I feel compelled to keep correcting them.

Using max margin on every trade to put on £170/point with a £2000 account. Good Lord.

I can understand why you want someone to copy trades from as your own technique of mashing the buy or sell button on a whim and a prayer is not working out for you. Still, that wont be a problem for long with a 60% drawdown on your account in just 4 months, and most of that time was spent on demo.

Yes, it's a common theme people will repeatedly ask for help but then never take on board any of the answers or advice. Can you imagine the hundreds I've seen go through this forum over the last 3 and a half years, some things never change.

July 20, 2019

4 minutes ago, nit2wynit said:

Wrong, and you seem to offer no humility at all.

I grow tired and weary.

Thanks. I'll work the rest out on my own.

What are you talking about I've just worked the whole thing out for you, it's all there in the thread. As I said, you should try reading it, instead of just firing out rapid replies and additions one after the other that miss the point or deliberately try to misdirect, it's obvious where the humility should be coming from.

July 20, 2019

19 minutes ago, nit2wynit said:

This is what we've been going back and forth about @Caseynotes

Then I replied this:

to which you replied this:

Do you see the problem here?

The Limit Line IS my Buy In.

But I can see how you may have taken this too literally, that even if i set my Limit to 500, you must have thought i was saying 500 would be my Buy in.

I hope this is clear now.

Thanks

Of course I see what the problem is, I've been explaining it to you for ages, go back over the thread and see for yourself .

July 20, 2019

3 minutes ago, nit2wynit said:

Casey it was not set to Ask!!! I know you know your stuff, but you're mistaken. See below. The highlighted number is the Mid price showing. The Red Limit Line below it is the Sell Price. this is where i would place the trade. as i have not altered the Limit, the Limit Line is the Sell Price i would go in at.

yes, in THIS example pictured above the price is set to Mid as is half way between the Sell and Buy as opposed to the previous picture which showed the price set to Ask as it matched the Buy price.

Each chart can be set individually so might be worth going back to the previous chart and check.

The Sell price is your Entry price level for a short which is covered over by the Limit line if no limit is set and the stop is set from the Entry level regardless of price being set to ask, bid or mid.

July 20, 2019

11 minutes ago, nit2wynit said:

@Caseynotes the chart above was about the gray area, not the Mid Bid Ask position.

I know what the Mid Bid and Ask price are. I said earlier that the Limit Line was my Buy In price. You said i was utterly completely wrong! I am not.!

If I have no Limit amount set, the Limit Line is my Buy price, going Long or Short.

The chart above is not set to Ask, it is set to Mid. It's simply on Sell. That's why there is no price showing. The white box is the Mid price This is what changing from Mid Bid Ask price does. It highlights those prices. The Limit line below the Mid price of is the Sell price buy point.

I only use the Mid price as it indicates clearly the amount of spread. Remember Shares don't show Spread count. It must be calculated.

The shaded area has nothing to do with spread.

Move the Limit line out of the way so you can see the entry line.

The price level is the white box, the stop level is the red box, the limit level is the purple box and the entry level is the blue line.

On your picture the price (white box) was the same as the Buy price because it was set to Ask.

The shaded area covers the min stop position if the price is set to Ask but the actual stop level is always taken from the entry level.

July 20, 2019

7 minutes ago, SJT said:

Hi CaseyNotes,

Thanks for the response. I saw this post on Trailing Stops not being available, but currently I have no optionality to stop any kind of order other than a Day Limit. For example, I want to a GTC order at a certain level.

Can you explain why my account doesn't have the drop down list to change the order type?

Thanks

Simon

yeah, it's to do with what the exchange the asset is on offers, see to top reply in this thread.

July 20, 2019

3 hours ago, Jarkko said:

Hello, two questions on share dealing account:

It seems it is possible to deposit funds in Euro and keep them in Euro until invested. Is that right?

Is it also possible to withdraw funds in Euro, without converting them to GBP first?

Asking this as I would like to invest my Euro savings to products that are in Euros, and after selling them, withdraw funds without having to ever convert currencies.

Thanks!

Hi, this has come up before and I think you need to set up 2 different accounts, one for each of the base currencies so then only need conversion if wanting to transfer monies between accounts. The helpdesk should be able to advise more.

July 20, 2019

oops, top right, not top left.

July 20, 2019

53 minutes ago, SJT said:

I am trying to set up stop losses on my account, but there is only the option to carry out Day Limits.

Please can you explain how I can set this up?

Hi, still waiting for the upgraded shares platform, until then see this thread;

July 20, 2019

1 hour ago, nit2wynit said:

@dmedin @Caseynotes

It's possible the Minimum Stop changed as i was observing the chart. On the example below, the same Gray area is present. It's there to tell me that the minimum Stop is 20pts while I have it to 10.

Do you agree?

Ok I see;

So in this example you've posted above you have got your chart price line set to Ask instead of Mid, see it's the same as the buy price (top left).

Slide the Limit order (take profit) level down out of the way so you can see your entry level.

Your stop for the sell is 20 points above your entry level.

Now toggle your price setting from Ask to Bid, see the price line drops down to your sell entry level which is the same as the Sell price (top left) but the Stop and Limit levels don't change.

Now toggle the price to Mid and the price line moves to mid way between the Sell and Buy but again the Stop and Limit levels don't change.

So the shaded area covers the 20 point stop from the Ask price level while the actual Stop level will always be taken from the Entry level.

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