Caseynotes
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Posts posted by Caseynotes
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1 hour ago, nit2wynit said:
Clearly Failing............
Over £60 down over 2 days with a £550 account limit.
Staggering losses.I said this back in March, but Live, I'm consistently right, in getting it wrong. If anyone can point out what I must be reading, doing, guessing correctly each time, I can reverse this.
I'll go back to the Demo tomorrow with the Same account size and see what I can achieve.I don't think it was fear today. Maybe just distracted and made bad choices.
a number of problems really but the main one is that you've convinced yourself your plan works on demo so it must work on live, probably most think that to begin with but it's usually not the case, mainly because you can't be the same person pulling the levers. You find yourself getting in too late then getting out too early then the opposite until you've lost so much money you just don't know what to do. At some point it will be realised the plan just doesn't work in the real world and will need to be rebuilt incorporating basic precautions such as not trading against the trend and all the other basic safety principles that the demo platform showed you you didn't really need, but the live platform showed you you do.
What you are trying to achieve is not really suited to trying to pick reversals anyway, the short hold time is better suited to dip buying and breakouts with trend where you've got some momentum to carry you through.
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Ftse was the one to watch breaking up past the monthly chart resistance level;
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Suddenly bought back up again on a 10 minute candle lol.
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2 hours ago, Caseynotes said:
I think there was a lot of short covering as the move lost momentum in the 3 hourly candles after the pump down candle and the bears may try to have another go around here 10280.
BTC retesting the recent low, now at 9760.
H1 chart;
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After some meandering below the pivot on low volume both look now towards a retest of the pivot.
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odd, it was just a thumbs up though
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4 minutes ago, nit2wynit said:
lol
👍
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2 minutes ago, nit2wynit said:
Is it safe to assume that ALL Broker Retail Platforms Don't include a dedicated Filter?
Is it widely understood that in order to Trade effectively, you will also need a Screener, not necessarily provided by your Broker?
I think I need to go back to the start for a pre-requisite checklist of Tools and News functions. I've attacked this entirely in the wrong way. Im disappointed in myself that I've been going since February and still not figured this out.
Is it rude of me to ask you @Caseynotes what you are using?
Do you work for IG?
Some brokers have them, most of the smaller ones won't, specialist pay for screener web sites should have better ones, not sure why you should think you should have 'got it' in just a few months.
I don't use one because I don't need one because I'm not looking for needles in haystacks 🙂 and no I don't work for IG, I only come on here because it routinely gives me something to laugh at.
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3 minutes ago, nit2wynit said:
I'm confused @Caseynotes
Is PRT a 3rd party platform, where IG is simply the Broker?yes but it's highly intergrated as it's a special version of PRT written specifically for IG.
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19 minutes ago, FFS_Daytrader said:
Anybody going to IG evening networking event in Birmingham next week?
It's not close to me but can't find any details on this, can you post some up.
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5 minutes ago, nit2wynit said:
Hi, sorry, struggling to find any definitive info on this.
I can no longer tolerate the the search frustration to find suitable instruments using the Retail Platform.
What are the main advantages of ProRealTime over the Retail Platform? Does it have a screener to search for Price Range, Gappers etc.?Thanks.
These links might help;
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9 minutes ago, FFS_Daytrader said:
Trading channel is too wide to work out accurate support and resistance level- is the bounce short covering? 10000 seems to be critical.
I think there was a lot of short covering as the move lost momentum in the 3 hourly candles after the pump down candle and the bears may try to have another go around here 10280.
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BTC bounces back up off 9688 to 10160 on the 9am 1 hour candle.
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It would not have occurred to me to check that
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Both at the pivot, bears trying to take control on the London open.
H1 charts;
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Currently mid recent range (1396 - 1382), may enjoy Trump shifting his sights towards Europe re; trade tariffs
H1 chart;
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Bounces back towards 60, recent support at 58.35;
H4 chart.
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BTC searching for support but may need to keep looking further down, 9370 and 8815 are potential candidates.
H4 chart;
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4 minutes ago, JonathanTang said:
But that shouldn't prevent my EA from deleting orders. When my EA tried to delete the order, I get the error below:
2019.07.02 12:20:41.696 : deleting of pending order #27879850 buy limit 0.01 CADJPY.s at 81.000 sl: 80.800 tp: 85.000 failed [Invalid S/L or T/P]
But when i try to delete manually, its ok.
Oh right, it's an entry order it won't delete, not heard that before but hopefully someone can help, as you point out it must be associated with just limited accounts.
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Ftse looks keen to break up past the monthly chart resistance level, Dax has a close eye on Dow which is sitting midway between support and resistance at the all time high. All are on a up leg looking for sellers, will the open bring them out?
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2 minutes ago, Roif said:
On Microsoft edge and Chrome the charts will not load what can I Do
Hi, probably site permissions problem due to a browser update.
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.
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IG wins the Investopedia Best Forex Trading 2019 award.
Good review here as well.
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USD and Oil down, Bonds bounce back, Indices mixed, Crypto down, BTC breaks down through 10,000 chart.
US and GERMAN PMIs.
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1 hour ago, JonathanTang said:
I have issue with OrderDelete only for Limited Liability Account Users. I kept getting an Error [Invalid S/L or T/P] when its already set.
Have you Found the solution?
Hi, Limited Liability account orders have a Guaranteed stop loss placed automatically.
(repeated answer to same question in other thread)
Is spread betting for fools?
in New to IG Community
Posted
Reversal points are so obvious on the chart after the fact it's a natural draw to try and pick them in advance but it nearly always ends badly for the inexperienced (years).
There was a good pullback with a strong move to reverse the pullback and go long with trend, your target could have been the prior high. If that entry was missed could have tried the breakout though in this case it didn't run far but there was time to get out before the structure collapsed.