Caseynotes

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

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

Three Classic Head and Shoulder Patterns;

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;

The reason for the low max % risk is so a string of losses (inevitable) won't blow the account or deplete it to such an extent as to be untenable, to survive is the first goal. So if your account size is £100 and you are willing to risk 5% on any single trade then your max risk is £5. If your stop loss needs to be 10 points then your position size should be set to £0.5/point If your stop loss needs to be 5 points then the position size should be £1/point. If your stop loss needs to be 20 then you need to be on a mt4 account where position size goes down as low as £0.1/point 🙂

Gold grinds higher after re-capturing 1400. H4 chart;

Dax storms up to the pivot on the London open, finds sellers waiting. M15 charts;

Hi, because you are not actually taking delivery of the underlying but rather taking a position on the future direction of the market then it's not so much a case of how much you are spending but more a case of how much you are risking. So you have decided gbp will gain in relation to usd and are willing to risk £? in the expectation your decision is correct and the market will rise so you will be able to realise a profit. The £? risk is the number of points of your stop loss on the trade x the position size in £/point and is displayed on the deal ticket. You will probably not want to risk more than a certain percentage of you total account balance on any single trade, for most traders that will be between 0.5% and 5% depending on your risk appetite. So if your stop loss is a large number of points away then the position size of the trade will need to be relatively small (and vis-versa) in order to fit within your risk appetite percentage.

Overnight looking for support. Daily pivots using Friday's data, Dax currently resting on S1 with Dow heading towards S1, may all turn around on the European open at 7am or the London open at 8am so watching firstly for who controls the pivot to indicate this morning's direction.

All following Dow which is just pulling off the highs, support at 26708. Daily charts; Daily quiz; If the neckline gets broken name the pattern on the weekly S&P below. Clue; It's not called an inverse Head and Shoulders.

Hi, probably site permissions problem. Click on the padlock icon in the IG page url. In site settings check java and flash are set to 'Allow' (not 'ask'). Exit settings and click on the 'Reload page' banner.

Indices down Bonds up, USD down Crypto down oil flat gold up, chart China 300 down 2.5%. Quiet week on the calendar, German manu production figures today.

Hi, if you have added your details you also need to check the box agreeing to receive some news letter or something, don't know why because you never get anything but next won't highlight if you don't.

Hi, the problem may be that the market is closed, check by opening a chart in which the market is open such as Bitcoin (BTCUSD in the Forex section) to see if the order ticket comes alive.

Hi, check that you have logged into IG before going to the relevant Academy pages.

Just looking at the H4 and H1 charts and note BTC is responding remarkably precisely to this down trendline from the June high.

👍

Hi psycho, in your workspace if you click on the 'notifications' tab will show IGTV and when you click on it it will be added to your workspace. or, you can open a new workspace and in the dropdown box select 'open in a new browser tab' then open 'notifications' and click on IGTV to add it the new workspace so you have IGTV on it's own workspace page or you could open a new browser page and put https://community.ig.com/igtv/ in the url so you have IGTV outside the platform altogether.

Hi, the margin requirement shouldn't change for retail clients and only very rarely for professional clients, you may be meaning the spread in which case see the reply in the thread linked below. The demo platform should relay the same change in spread as the live platform.

Hi, see the reply in this thread to the same question;

Hi, IG operate a variable spread system which means they take the spread of the liquidity provider and add their markup, normally this gives very low spreads compared to fixed spreads and commissions but in times of high volatility and/or low liquidity the spread offered by the liquidity providers will increase for a period, this will usually happen around times of major news releases such as the US NFP.

Hi, due to the time of your post the problem with mt4 may have been due to IG's routine Friday evening shut down, if you are still experiencing problems check the feed from the IG server as in the posts above and try a rescan. Post again if that doesn't resolve the issue.

Hi @abiasper, @Kay01, all IG platforms are down for maintenance and updates late Friday evenings (UK time) for a few hours with the Crypto and weekend markets opening again a 4am Saturday. A red cross next to the asset name means the market is closed, a blue pencil icon means the market is closed but you can make changes, add orders etc and a green dot means the market is open. All open trades will be carried over when the market re-opens.

So due to the high jobs figure some of the bets on a July rate cut are coming off so USD up and Gold down but the data was actually mixed, the average hourly earnings was a miss, wages are stuck in relatively low growth, that will keep inflation down and is a plus for a lowering of rates so we may see some correction in the coming hours to an initial over reaction to the data.

Also of note was the Wednesday ADP nfp data which came in lower than the expectations, not always the case but ADP has correctly anticipated the main NFP data hit or miss for the last 3 months in a row.