Caseynotes
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Posts posted by Caseynotes
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12 minutes ago, BoJK said:
Hi,
Do you guys trade prior trading hours (ie market closed but open for trade during weekdays)? I am trying to make a stop to my recurring losses...signz
I tend to trade Dax and stick to the London market hours because there is better follow through, I like to look at Dow and use as a leading directional indicator. Then I'll look to pivot points on the M5 chart, there is often a battle at the levels so wait til a winner emerges and join the ride on a pullback on the M1 chart.
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Ranking US Indices ETFs YTD.
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4 minutes ago, nit2wynit said:
Hunting Stops. Yeah, I've witnessed that a few times
There's my first -£200 back in march lol.
Makes sense though doesn't it, you only have to look at a chart to guess where the stops are, if you are big enough and you want those contracts it's just a matter of taking one step backwards before taking 5 steps forwards, you rarely need to go back further than 20 ticks.
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14 minutes ago, dmedin said:
Yeah even when I use the 'Save' option it doesn't remove my order stops/limits and running profit total on the left-hand side. Can't seem to find a way to turn it off!
I think if you collapse the quick user interface it also takes away the trade info, see below;
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2 minutes ago, TraderVic said:
hi there, i'm new to the platform...i'm trying to put in a trailing stop on a usdzar position but it only shows "guaranteed" in the dropdown menu under stops...any reasons why a trailing stop is not available on usdzar?
If you are putting in an order you need to add a trailing stop from the positions tab after the order has been triggered.
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2 minutes ago, cryptotrader said:
you're right - correlation of two unrelated things is entirely accurate way to judge value.
I thought it was funny but can't help thinking 'Millennials'.
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11 minutes ago, cryptotrader said:
interesting view on this. I've always thought that cryptos are completely unrelated to other asset types which is why they're so difficult to price. Everything else has the inter-connectivity between themselves (Fed IR effect USD 'value', which knocks on to USD denominated assets, which leads into equities, re-positioning etc) but always thought crypto is a world unto its own. Linked to cost of production - electricity, CPU costs etc.
BTC at 'fair value' according to this pricing model;
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7 minutes ago, dmedin said:
It's looking okay today for JD Sports short. Got a ways to go but on the right path! Would like to find a way to remove the open order overlay when taking pics of my chart. Just for modesty's sake.
Can't remember but does it not automatically cut out the personal data stuff on chart Save? see below;
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Copied from another thread, useful advice for this one too.
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Not much on the European open, Dow flat below the pivot while Dax positioned just below it's pivot, red daily candle for both yesterday and bears currently controlling the pivot so target is S1 but waiting for the London open to check direction for the morning.
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12 minutes ago, stefanvgnz said:
How do I get the login details for MT4 demo account?
Installed the software and added demo to MyIG dashboard, but cannot figure out the login credentials.
Thanks
You start a demo account from the mt4 platform itself.
File > Open an account, a popup box will show the IG feeds live and demo, click on demo to highlight then Next > New demo account and follow the instructions.
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14 minutes ago, backwardation said:
@Caseynoteswould really appreciate your input. Also @elle if you would be so kind to chime in.
Yes the inventory short fall in the data yesterday cause a lot of surprise and a jump in price.
WTI has just reached an area of previous consolidation in March and May so may well pause here and consider it's options. Oil traders will probably want to look closely at the US GDP figures tomorrow and the G20 over the weekend before making any big bets so the possibility of a turn around remains. Your stop is in a reasonable position at 60 and if price were to overrun it up into clear space you really wouldn't want to remain short anyway.
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All the indices pulling back yesterday, should find support fairly close while waiting for the G20 meet and US/China talks starting on Friday.
US Durable goods data today, have remained poor all year so far, expected at 0.1%, the real tester on the current state of the economy will be US GDP data tomorrow.
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Indices down USD up, Bonds and Gold down Oil up, Cryptos up, BTC up 12% chart.
German consumer conf 7:00am. UK inflation report 10:15am. US durable goods today 1:30pm.
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3 minutes ago, nit2wynit said:
I simply look down the shares list for anything under £20, has moved 5% and has a minimum of 50pts moved, then look to the chart, notice the volume and whatever the red green histogram is.......I only saw that at 4pm, literally at the point I posted it and anticipated the drop, which it did, but I lost my nerve even after it turned.
Ok, but do you know how to play reversals though as that was what you were looking to do. And if you are looking for a less stressful way to trade you're going in the wrong direction.
Once fear gets you just can't pull the trigger, that's what you need to be looking at, not all the could haves, should haves.
Sure reversals tend to happen around S/R zones but even so the strategy has a low strike rate, that tends to be made up for by the relatively small stop loss position and the potential for a big move if you can get it right enough times which is hard to do without a great deal of experience.
The better setup to look for is the weak pullback in an impulse move up or down, better odds, less stress.
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15 minutes ago, nit2wynit said:
Ironically, FOLO got me today. Even with a £550 account size. I didn't place the Bet. Just missed out on £70 quid lol.
You see. I can spot them. but now I don't suffer FOMO, just FOLO ****Picking tops and bottoms is a tough game, maybe they will maybe they won't, that's where the fear comes from.
Have to ask though, what are your indicators doing? They don't really match what you are looking for.
If you are looking to react fast your MAs are not really going to help, the volume in this case is not doing much and MACD, though it did show divergence, is slow and great for trends but not for fast turns.
Stand back and look at the chart, there were a couple of good moves there and if you had matched the BBands to something fast like Stoch you have something that is telling a story.
The first move down didn't offer any pullbacks, they are hard to jump on, you always think they are about to end and of course if you do jump on they inevitably will. The following pullback ( to first oval) was a bit too strong (big candles) but worth a look as it bounced off the band with the stoch turning but never really took off to continue with trend, the second oval had the bounce off the now upturned B band MA, the stoch turn and the candle reversal pattern for a long entry and turned out to be the best opportunity of the day.
So try to match the tools for the job you are wanting to do whatever that may be.
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Article on cumulative delta buy/sell volume incorporated into Wyckoff theory;
mboxwave.com/mcumulativedelta-indicator
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On 20/06/2019 at 11:07, backwardation said:
@Caseynotes I think this should work fine . Thank you very much.
@backwardation, these cumulative delta buy/sell volume indicators might be closer to what you are looking for;
The link is for the bottom one, don't know where I got the top one from 😕
https://www.mql5.com/en/market/product/21008
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36 minutes ago, Foxy said:
The DAX and the FTSE are pushed and pulled by wall st. and today it's not clear what will happen. Because wall st. pulled back over night today's move on the DAX & FTSE have been nervous.
That's correct, Dow has been meandering towards the pivot while Dax has been knocking on the door but refusing to go through unless Dow is holding it's hand. So waiting on some decisive action from Dow on the US market open.
M15 charts;
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Top ETF by Country;
Total returns YTD
ARGT up 37.6%, see below;
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Not sure why it's not there for you, this below came up when I looked, also check the IG youtube channel.
https://www.youtube.com/channel/UCwvras8SRKKhx_cboj2p1nw
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21 minutes ago, dmedin said:
Indices are almost as difficult to trade as forex. Ugh I feel so stupid.
Learn to recognise the difference between balanced and directional markets and stay out of when it's balanced.
Balanced; Directional;
😉
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Very directional thus far but looks to have run into the bears this morning so we'll see just how strong they are.
There's my first -£200 back in march lol.
Crude Oil (WTI)
in Commodities
Posted
The prelim data proved correct, inventories today -12.8M, while the expected figure was -2.7M.
WTI jumped to just short of 60 before pulling back.