Caseynotes
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Posts posted by Caseynotes
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26 minutes ago, nit2wynit said:
There's a thread going titles, Is Spread Betting for Fools. Check it out. You'll see all my Fails since going Live. It's a different Beast All together
Down another £200 on Gold today.Thought you were going to spend some time re-educating yourself 😮
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2 hours ago, Guest gavguns said:
Does anyone feel like sharing any unforeseen experiences they had when they first started trading alive account? I've been trading profitably on the Demo account, and hoping the Live account is EXACTLY the same (barring the obvious "real" money) to use...
Thanks
It won't be exactly the same no, because you will be different. Start live using the smallest bet size available with the view of sizing up as confidence grows.
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Useful guide covering the basics of a wide range of charting topics using text, diagrams and videos;
https://www.tradingwithrayner.com/price-action-trading/
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6 hours ago, Caseynotes said:
Both Dax and Dow have climbed above the pivot so looking to R1 R2 for targets on entries on the lower time frames though will be watching the 7am and 8am market opening times for any hint of reversal.
To catch up with these two, in this mornings post we saw both were above the daily pivot so as stated above we were looking at Resistance targets above (R1 & R2), price rechecked the pivot before setting off, Dax pushed straight through R1, had a bit of difficulty at R2 and fell back after getting half way to R3.
Dow rechecked the pivot and set off to tag R1 but has gone no further.
US traders will be reluctant to get in too deep and it's generally a half day today with the US public holiday tomorrow so not expect too much this afternoon.
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1 hour ago, Guest closer said:
I have also been telling IG for years about log scale charts and they just don't listen. its not even on their old platform or iOS app. like the original poster above said others have been asking since 2016 so asking to put it on the to do list when it "should" be already on it and is pointless. Ig needs to employ real traders to be in the design and implementation team. If they did then these glaring embarassing mistakes "and theirs plenty believe me" wouldn't happen or be fixed quickly.
Certainly the more people who request log scale the more likely it is to be incorporated and it's also better when using the forum to tag someone who would be able to carry that request forward, which was the main reason for my post.
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7 minutes ago, Kodiak said:
ASIC is expected to ban products that it deems toxic in the coming weeks.
ASIC very much in the footsteps of ESMA.
"Hi Peter, my understanding is that distribution and design relate to companies adequately discerning between different target markets in relation to their products. They have to take proactive measures to remain compliant in different jurisdictions, determine suitable investors, etc. Leverage cuts and product bans are already in ASIC’s hands now."
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23 minutes ago, tttigra said:
I've been a trader since 10 years with Saxo but they have recently retired their platform and replaced it with a new one which is quite horrible to use from charting point of view. So I've started looking around and I found IG platform quite efficient with only ONE thing missing. Logarithmic scale. How can a modern platform like this one misses such an important feature? I've seen some members complaining since 2016 in the forum but nothing has been done. And it's not even hard to do. Without log scale, all commodity charts and long term charts are basically useless because prices go up and down in multiples. Until IG implements this simple but effective option, I cannot possibly use this platform. For personal reasons, I cannot use PRT because it's an installed platform. I need web based.
HI, the platform is still relatively new and additional features are being added regularly, the addition of the percentage scale was one such. Perhaps @JamesIG could add your request to the 'to do' list if it's not already on it.
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I'm presuming this is just out today as it's based on a report published on Monday.
"The FCA considers these products are ill-suited to retail consumers who cannot reliably assess the value and risks of derivatives or ETNs that reference certain cryptoassets (crypto-derivatives). This is due to:
- inherent nature of the underlying assets, which have no reliable basis for valuation
- the prevalence of market abuse and financial crime in the secondary market for cryptoassets (eg cyber theft)
- extreme volatility in cryptoasset price movements, and
- inadequate understanding by retail consumers of cryptoassets and the lack of a clear investment need for investment products referencing them"
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Awaiting details on this headline;
LiveSquawk @LiveSquawk
10m
FCA Proposes Ban On Crypto Derivatives To Retail Consumers $BTCUSD
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Interesting podcast on the new EU top job appointees and what that will probably mean for the ECB and central banks, (less independence and more MMT and OMT) lining up with Trumps recent nominations for Fed positions and following Japan towards negative interest rates. Talks gold, yields, assets and more.
Included in this thread because of the underlying MMT theme.
16 min.
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Dax struggling at R2 as Dow tags and pulls back from R1.
Dax M1 Dow H1 charts;
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20 year seasonal averages point to rally ahead;
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Both Dax and Dow have climbed above the pivot so looking to R1 R2 for targets on entries on the lower time frames though will be watching the 7am and 8am market opening times for any hint of reversal.
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Finds support at 56 but it doesn't look strong, may try lower at 55.
H4 chart;
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Finds support within reach of the prior high.
H1 chart;
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BTC trying to break up through resistance again.
H1 chart;
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Current iodine shortage;
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The disturbing higher than normal volatility out of hours continues, Ftse has pulled away higher, Dax and Dow still looking higher though not making headway. Nikkei tests support.
H4 charts;
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I see a triangle (or wedge or asymmetrical if you will) consolidation pattern in an uptrend.
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Gold stopped at prior high 1440, Oil caught at 56. Asian indices down, Bonds up Crypto up.
EU, UK and US PMIs and the ADP nfp this afternoon has had a good run recently at forewarning of Friday's NFP numbers, 140k expected.
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Chart structure basics and swing moves. I have tried to zero in on the main points with these few vids but you should look at the whole playlist linked further down. Don't worry about the time frame charts used, the same principles work on any time frame.
Have a look at this one;
Then this one;
From this list;
https://www.youtube.com/user/tradingwithrayner/playlists
From this thread;
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1 minute ago, nit2wynit said:
I would call, 'Every trend Ever' a pretty decent statistic.
So the odds are good then
haha.
If you'd be so kind to direct me to info of what I'm actually seeing, that'd be great; Candle Stick wise.
Chart structure wise, ok give me a sec.
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19 minutes ago, nit2wynit said:
Any Statistics for the Cons? Percentage wise?
Not really, just based on the natural zig-zag pattern of every trend ever;
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Big surge in Gold up (1415) , Oil down (56.50), Indices unmoved, no real news though tomorrow is a short day in the US before the 4th July holiday.
haha.
Indices
in Indices and Macro Events
Posted
S&P closing in on 3000.00