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Caseynotes

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Posts posted by Caseynotes

  1. 45 minutes ago, supshin08 said:

    CISCO - Spreadbetting - Opened the market Long at 5624 yesterday afternoon (UK time) - set up stop loss at 5575. But today morning I see latest price 4771 and my position didn't close putting me at a loss of 430 GBP. It is still active. It should close at 5575 or a little lower. But didn't close at all. How can I recover my loss please?

    Hi, you will need to call the helpdesk as IG staff won't be able to discuss personal details on the forum.

  2. 4 minutes ago, Mark8787 said:

    Aha. Thanks. And I've noticed sometimes it's smaller, sometimes larger. I suppose that's always something to consider before buying yes? I wonder then can the spread normally be expected to vary widely? Depending the particular underlying stock or are there other factors?

    Yes spreads are variable, though usually they sit at the minimum they can rise for periods of increased volatility and/or decreased liquidity such as during market moving news events or for out of market hours trading, not good times for retail clients to be trading anyway. Increased spread represents increased risk and is initiated by the liquidity providers who provide IG with their prices, the degree of increase is a reflection of the degree of perceived risk and during extreme events can be very large.

  3. No attempt to check the pivot, Dax went for S3 and now back up to tag S2 while Dow tagged S1 then onto S2 and now reversing back up.

    Fed chair Powell speaks at 1:45 may provide some reaction before the US open.

    image.thumb.png.69c40688b355dd52572a5a8b28698a64.png

  4.  

    17 minutes ago, RustyNuts said:

    Platform?

    I'm on the IG trading platform looking at the Australia 200 Cash CFD... didn't I say that in my first post?

    I can see the Open High Low and Close popping up when I move the mouse over the chart but I want to download that data like I can from most other trading sites

    The format is different for the web based, PRT or MT4 platforms.

    See this video;

     

  5. 2 minutes ago, eric1 said:

    the problem is why it was working on demo account, but not anymore today. but still work on real account. that means the problem is not the indicator but something on demo account who change.

    did you know who i can contact? thank you

    The PRT 'Help' tab should have an option to send a brief report of the problem and a copy of the error message direct  to IG tech support.

  6. 6 minutes ago, Valentin said:

    Do you agree with this idea or you think that the downtrend is over?

    Perfectly valid idea, 57.3 is key support at the moment and a break down will necessitate a search for stronger support further down, 56.4 was a recent low or the stronger still 56.0 would seem reasonable targets.

    It all hinges on 57.3 though.

    image.thumb.png.80200c8f3ec1244d0e0c6f04faccb74a.png

     

  7. 26 minutes ago, lithium said:

    I mentioned it a few years ago and got the response that IG is doing it the correct way.

    However, today is a fine example when the daily change in the dashboard is completely wrong, because it is based on the closing price vs opening price, rather than yesterdays closing price:

    LPD went down 7.4% today and every other source agrees with that yet the IG dashboard says 0% change? How come?

    Interesting, but which IG dashboard has 0%, the chart says -7.49% but is showing no candle at all for yesterday (0%)?

    image.thumb.png.5da374d8996ed64e7b2541c7b9694985.png

  8. 13 hours ago, dmedin said:

    The fact is that even with the best plan in the world, you're still not guaranteed to make a return from trading.

    It's a rich man's game, always has been and always will be.  Only people who are already rich have a near-guarantee of making more money on the markets.

    Most of us exist to be wage slaves and pawns of the rich and powerful ... and that's just a fact of life.

    Best not to look at the world through bi-polar glasses, if it's a guaranteed return you're looking for the best bet is to become a wage slave of the rich and powerful.

    If you had six extra zeros on your account balance how would that actually change your trading, it wouldn't, you would still need to learn.

    • Like 1
  9. The recent pattern of heavy overnight trading continues, as mentioned in the Indices thread the red lines here for both Dax and Dow are important support levels. Likely to see an attempt to check the pivot this morning.

    image.thumb.png.90410d4ea15718ea8357c22d84257078.png

  10. 13 minutes ago, Foxy said:

    OK but again no use if you wanted to trade 2011/2012 or 2015/2016 or 2018/2019 and was waiting for a continuation pattern on the world equity markets chart. Its just another pretty pattern. 👿

    Not sure what your point is really, it's just another breakout pattern, people use them all the time on all kinds of charts. It's not as well recognised as many others but just as valid which was why I featured it. 

  11. 44 minutes ago, Foxy said:

    This goes to show that a head and shoulders pattern has no meaning at all just the support and resistance lines associated with it. 👿

    True enough though the H&S continuation does have it's own unique profile which makes it easier to spot and is surprisingly common when you actually go looking for it.

    image.png.ec4149cba1b713cccb9485f9459c89cc.png

  12. Earlier in the thread we looked at journaling trades, specifically to get the win rate and the average risk reward ratio and plotting these on the profitability chart, there is much more to be gained from journaling, more latter, but first here is another important reason to know these stats.

    The probability of having successive losing trades and could your risk management plan manage it?

    Say your win rate is 50% (which is quite high, many traders survive on less) so the probability of having 6 successive losing trades within a 50 trade period is about 50%.

    So with a win rate of 50%, how much of your account balance are you willing to risk on each trade knowing there is a 50% chance of having 6 straight losers within a 50 trade period?

    image.png.a8afcfbc6df5d7046c07c683f0aec176.png

    • Like 1
  13. On 06/05/2019 at 13:54, Caseynotes said:

    This is an interesting log scale (2 weekly) chart published end of Jan 19 on bitcoin price in relation to halving dates. Current 1 week chart below that.

    image.thumb.png.e28e23907a207f0080f3d0bc7dd1255d.png

    image.thumb.png.c9a7187bc190f8bdc7bc0f4117465636.png

     

    image.thumb.png.b4b72dc83896ef16ae873020143dc9c3.png

    Just to update that Log scale weekly chart from the Original Post of the thread.

  14. 7 minutes ago, Craigy said:

    Hi I’m new on this and getting a bit advice from someone he’s asking me to find NLY but can’t seem to find it anywhere on IG platform anyone know where to find it?

    Hi, might be only available on a leveraged account (spread bet or CFD). See search pic below.

    image.thumb.png.257f054ad19585d8f2c4a34a35ca8ac7.png

  15. 27 minutes ago, Vinter said:

    So its july 2019   question are we able on PRT/IG  to get New York close charts that work correctly ??  if not any recommendations ?

    Hi, I've not used PRT for years but you could change the time zone settings as IG's DanC reports in the thread above but for some reason the settings he pasted into his post have not been reproduced.

    see this video;

     

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