Caseynotes
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Posts posted by Caseynotes
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Dax back up to R1 (12370) after a visit to S1, Dow confirmed support at 27323 and heading towards 27400 again.
M15 charts;
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On 12/07/2019 at 10:19, Scrvft said:
Hey. I'm new here so I wanted to know the dealing hours of D100s before opening a professional account and if I can be able to open 1000 contracts?
I've realised I answered this question wrongly, Digital 100s are offered in the UK but to professional account holding clients only.
Apologies, see this page;
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Round trip for Dax from the pivot to R2 and back again, same for Dow but to R1.
Dax trying to hang onto the pivot, if not could see a test of S1 around 12290.
M30 charts;
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Friday's drop was US starting a criminal investigation after finds of asbestos in baby power product. Could roll on for a long time with, as you say, possible future shorting opportunities.
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Gold is coiling up with multiple recent support and resistance levels to overcome whichever direction it goes.
H4 chart;
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1 hour ago, dmedin said:
Let's see if it breaks support beneath 13200 ... if so could be in for a big drop. Alternatively, it could bounce and be a great long.
That market looks prone to repeated very sudden and serious drops, what's causing that?
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Dax still trapped in this down slide while Dow goes onto new highs. Both have just run into resistance this morning after getting a lift at 3:00am presumably off the better than expected China indy prod and retail sales data.
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Dow looking for continuation upward while Ftse follows Dax looking for support. Indices correlation broken down as US pushes ahead, EU with GDP and production worries, UK with Brexit uncertainty and Asia watching China GDP slip on the trade war.
Interesting article below on the 12 month flat Euro and what that means for other markets.
https://investinghaven.com/markets-stocks/currency-market-history-euro-flat-12-months/
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Indices up, USD flat. Bonds, Oil and Gold down, Crypto down. Chart Ether down 8%.
Japan bank holiday.
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17 hours ago, Foxy said:
Thanks for that, I've been looking for a sub heading for sectors, I feel a bit daft now. 👿
no worries, couldn't find them myself but remembered them on the old platform so started searching there. The new platform could do with some filing subsets to make searching easier.
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12 hours ago, Foxy said:
Can you still trade sectors on IG, I can find them in the listings?
Yes, on the old platform the are listed in neat order in a subgroup of Indices. On the new platform they are just chucked into the indices group.
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BTC currently capped at 11451 and reaching down towards the recent low and confirmed support at 10797.
H4 chart;
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5 hours ago, davidbrister said:
it seems there was a 1500 point stop loss, but im guessing it was hoping for a price reversal before that took effect. what that big jump down did do was achieve the take profit on the 4 old positions that were sitting at almost $4k loss on paper, but were triggered with good results in the end. the trade that lost me the 2100 was a manual placed order i put on, which then i panicked and sold instead of keeping, even knowing the charts were suggesting hold and wait longer term for the price to go up. but thats the game.
Thanks David, for telling what is a very interesting and revealing story, shame it got jointed or butchered by the lawyers but that also raises the point there must be other IG clients also using the system and they should have concerns. Especially around the stop loss, I think you said your account for the experiment was 10k and the algo let the aggregate gold trade go 4k into the red when price turned and did return all the way past the entry and into profit. If the algo was not malfunctioning then it's constantly walking a tightrope of death for the account.
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@RustyNuts, what is it you are testing, if it's not an API bot for the online platform is it an mt4 EA, or are you just wanting a readout for manual back testing.
In the first post you wanted daily close and in the last post you state hourly close.
If you download the mt4 demo the history center will give 4 months of hourly data or 10 years of daily data.
see pic below.
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6 minutes ago, Seyyub said:
See picture below;
A turn off notifications.
B turn off deal ticket (click the one with the blue line)
C full size the chart
D minimize the left side panel
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11 minutes ago, Seyyub said:
Help required
I have had to create a new IG account due to my IG account being suspended due to inactivity without any notices. I have noticed, that on a desktop pc, I can not use the old trading platform anymore and I find this new platform irritating. I have been trying to make the charts full screen but I cant and I need help.
By the way, on a serious note, I would prefer someone from the IG management to answer this. Why would you upgrade your trading platform and clutter so much junk into it which is not needed? It seems as though this is a deliberate attempt to make people lose trades as you don't give us the opportunity to choose how we would like our trading platforms yet you bombard us with tons of email asking us to fill in forms with cash prizes when there is going to be a regulatory change which IG wants to object to!
Not sure why you would come onto a forum and expect a managerial answer, you should try a direct email instead. But anyway, why don't you just turn everything off, I mean what's not 'full screen' with the picture below? You're not going to get any more 'full screen' than that anywhere.
And anyway, most countries can still access the old platform via the 'My IG' dashboard (see second picture).
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54 minutes ago, dmedin said:
Theory is easy enough to understand, but putting it into practice isn't. Just because a price breaks a previous high doesn't mean it won't stop and go into reverse. To be honest I would rather see someone analyse charts in real time than present a completed pattern chart (a hindsight chart).
If it's certainty you want you're in the wrong shop. Analyzing charts in real time is a problem, charts are footprints though the 1 hour candle did open at 1:00pm real time and did close at 2:00pm real time. Maybe you mean tick charts or a price ladder, that's closer to real time.
What you should be looking for in a chart is who is currently in control and where next can they expect a challenge.
Doesn't matter what the time frame, there is a constant and eternal battle going on. As one side takes control expect them to probably retain control til the next point of contention.
The next point of contention is probably going to be at the site of a previous conflict because it's an obvious rallying point on the charts, you can't phone up all your mates and tell them where to meet, you just expect them to be there at the most likely place on the chart.
News event are fun because they give the wheel a thrust in whichever direction but otherwise just expect the expected.
When price arrives at that next point of contention be prepared to bail because you won't survive in a gun fight armed with just a knife sized account.
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1 hour ago, davidbrister said:
Th
That open drop last monday cost me $2100, if only i had the nerve to hold it for a couple of days, would have made a approx $1500 profit, but thats the game we play.
As the thread has been removed I can only go by memory but there are some important points.
The algo was working without stop losses, it was not shutting down trades that were going deeper and deeper into the red, the gold trade had lost 10% of the whole account in the last pic posted and was still climbing, never mind not losing more than 3% on a trade.
The gold price continued to go against, the algo was waiting for price to reverse again but what if it never did, the effective stop loss on the trade was the account balance hitting zero.
That's why I asked if the algo had malfunctioned because such a system is guaranteed to blow the account, just a matter of time.
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12 hours ago, dmedin said:
' The basic premise is this: trading is hard but falling prey to ad hoc shitty pseudo-gut-instinct punt trading is easy. '
I'm looking for the HOLY GRAIL.
That is, for someone to tell me something that we don't all already know.
Years ago I was listening to a prop trader who told the story that one day he asked a manager at the firm, 'you've seen some really good successful traders come through this firm, what was it they did that was different to the average trader'. The reply was 'they didn't do anything different, they just did everything better'.
That's your Holy Grail and it would seem it comes from within rather than without.
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This on swing trading strategies was published on IG just yesterday and may be of interest to those looking for ideas trading the medium time frames.
https://www.ig.com/uk/trading-strategies/swing-trading-strategies--a-beginners-guide-190712
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2 hours ago, SamCPT said:
Hey Guys, I have already reached out to the help chat but thought I would check with the community before I move on to another broker.. I am in Australia and have an interest in swing trading US equities. I set orders during the US close but would like to be able to set stop losses. Trading in CFD account, the overnight fees add up and don't make sense for 2-3 week swing trades. Does anyone have any suggestions on managing risk in the share trading account? Thanks in advance!
Hi, IG will be releasing a new shares trading platform (though we've been waiting a long time for it) incorporating additional features such as stop loss orders. A stop loss order though is just a reverse order for the same amount at the desired price level, see this thread for setting up a stop loss order and take profit orders on the shares trading platform.
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6 hours ago, robbieburns said:
ASB have effectively labeled you a scam site. Can someone employed by IG trading please look into this and take corrective action along with/against ASB bank (Commonwealth Bank of Australia) to make sure this doesn't happen again?
This has suddenly become a very big problem for all brokers and started cropping up in the news just a few weeks ago, it's being caused by Payment Service Providers and the future of card use for money transfers looks bleak.
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3 minutes ago, dmedin said:
I'm pretty sure this process of coming to terms with large monetary loss and 'dealing' with it (which I have also experienced so I'm not aiming it at you) is a symptom of gambling addiction or something of that nature. I think we need help.
The key is having a tested system that you know works over a number of trades, so then a losing trade just doesn't matter.
But to be able to do that you first need to build the system, stick to the system, and keep a record of your trades.
If the record of your trades shows the system doesn't work then you need to start over til you find one that does.
The other course of action is just to keep shooting from the hip til you're all out of bullets.
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44 minutes ago, nit2wynit said:
Cheers for the advice. bud. but I did change doww to £1pp at the end there.
It's going to be a long road back up to 1k but i'm focusing on simply getting it right and not worrying about making money now. Just keeping it
Once you gain confidence working in the new environment (live) then you will slowly start increasing size.
Gold Weekly
in Commodities
Posted
Continues to tighten.