Caseynotes
-
Posts
13,207 -
Joined
-
Last visited
-
Days Won
556
Content Type
Profiles
Forums
Blogs
Events
Store
Posts posted by Caseynotes
-
-
Guide to trend continuation patterns.
https://www.tradeciety.com/the-only-trend-continuation-patterns-we-need-to-know/
-
Dax just moving up to the pivot for the European market open, shortened S/R levels from yesterday's lack of movement. The Dow R1 is the one to watch (yesterday's high), a break there should lead to further gains.
-
Gold ranging between 1410 and 1424 while waiting for some inducement to head of in either direction, strong resistance just overhead at 1437.
H4 chart;,
-
56 support holding for now but something of a triangle come bear pennant forming on the H4 chart;
-
As noted yesterday price did follow momentum down, support found at 10955 with recent resistance at 11246.
-
No change pause day yesterday, Dow sits atop the monthly resistance level (purple).
Something to note is that the last 2 Fridays saw prices ramp up into the close, the same thing happened just prior to the US bank holiday yesterday, what that is saying is that strong hands have every confidence price will hold up. A good jobs report today should see further market gains.
-
USD Gold up Asian markets up Bonds up, Oil flat Crytos down, BTC down 4.5% chart.
US NFP today 1:30pm 160k expected, Wednesday's ADP nfp saw a miss, 102k vs 140 expected.
-
Very lethargic today, any markets moving out there?
-
On 01/07/2019 at 13:44, dmedin said:
It looks good for Ocado but the volume is still quite small. Well, price is number 1.
-
2
-
-
-
8 minutes ago, EUGEND said:
Sure.
Here it is
As I said, the difference shows up based on P&L amount and asset class.
The conversion rate is multiplied by the PnL amount.
So for Dax -201.6 x the conversion rate = -227.3
-
11 minutes ago, EUGEND said:
Hi, thank you the answer. But I don't think so.
Firtly, because it is proportional to the P&L amount at the moment of closing position, and not the contract size.
Secondly, when I download the trading history in excel, it shows the columns with opening trades, closing trades, contract sizes and P&L amount. That's where i take the data to figure out the difference. In other words, the opening trades and closing trades should include the spread commission. Nevertheless, I still see differences.
Can you check on your side?
Thanks.
Ok , can you screen shot an example?
-
3 minutes ago, EUGEND said:
I am trying to figure out how IG calculates the P&L on trades.
I began trading with a demo account and after some trades i started to check the P&L for every deal I made.
Well, let's take dow jones cash index. I calculated the P&L as [close level-entry level] * contract size. I see a difference between P&L recognised by IG and P&L calculated with the formula I wrote. The difference (let's call it commission) is proportional to the P&L amount and asset class traded.
Could somebody explain me where this difference comes from?
Hi, the 'commission' you refer to is likely to be the spread. The 'entry' level for a long is the buy price but the 'close' level for the long is the sell price.
-
On the 6 month review IG's losing retail traders drops from 76% to 74% but FXCM are claiming 73.62%, perhaps we need an industry standard 😅
-
The 2, 5 and 10 year treasuries on the dashboard don't look too bad.
See this article
http://openmarkets.cmegroup.com/15251/will-the-fed-cut-rates-in-july-six-key-dates-to-watch
on up coming key data release dates that will help the Fed decide on possible/probable rate cuts this month.
-
1
-
-
Recent support at 11601 with resistance at 12033 which is the bottom edge of a key resistance zone. Waning momentum suggests time for a move lower unless the bulls can rally.
-
Similar to Gold, US Oil is settling into a range 56.08 to 57.60, currently mid down leg at 56.74.
H4 chart;
-
Gold @ 1414 close to support at 1411 in recent range, range top is 1421.
H1 chart;
-
1
-
-
Dow perched on the prior ATH and monthly resistance level 26951. Expecting a continuation blue day, may see a recheck of the pivots early on but will be looking for resistance level targets so long as price can stay above the pivot.
-
Ftse continues it's strong run past it's monthly chart resistance, Dow into it's all time high and Dax pushes higher past it's weekly chart resistance.
Daily charts;
-
Oil and Bonds down Gold up, Indices up BTC up, Chicago Wheat up 2.2% on bounce - chart.
US bank holiday, EU retail sales.
-
Because everyone's gone home, it the 4th of July ish. 🤸♀️
-
23 minutes ago, nit2wynit said:
I thought I did. decided on Volatility and Go with the Trend. Gold been on a Downtrend. Caught about £100 worth going short. Tried to carry it on, but it just kept going the other way, despite it still going down. Then missed the spike at 3pm ish, even though I was waiting for it. Decided not to Jump on it. Missed out of £175 on the up. Then thought I'd get it on the way down again. Kept my Stops too tight thinking it was going to drop. Turned out to be more of a consolidation, till i finally got about £35 back at the end.
I'll crack this. Just getting used to losing for Real. Once the sweat is dried from my eyes, I'll be back on it with Zero Fear.
Overall down £200 today making £100 of it back. Down £100 yesterday with £50 back last night.
Can't really see what you are doing but the losses are too high compared to the profits which means you need better control of the risk/reward. Also need clear lower low and then a turnover of a pullback to make a clear lower high, some of those in your pic don't look too clear.
So from the pic in the fools thread if playing the pullback entry the stop goes just behind the candle reversal pattern, if playing the breakout entry put the stop just behind the breakout level. So price either just takes off in your favour or you're out for a very small loss.
-
1
-
-
Dow looking to drive into it's all time high 26951 as it cruises though R2.
H1 chart;
US OIL
in General Trading Strategy Discussion
Posted