Caseynotes
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Posts posted by Caseynotes
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Both Dax and Dow look like rejecting S1, if so the next move will be on to S2 but the more weighty influence of the London market open at 8am may stir things up.
Dow recently tested S2 which is the recent low (26656) so that looks a crucial level for the day, if price can stay above then it should go on to test the pivot then maybe the recent high (26800).
Dax will try to follow Dow but is weighed by the never ending gloomy news out of German manufacturing and the two charts are diverging. I suspect if Dow goes sideways Dax will go down.
H1 charts.
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21 minutes ago, mykig said:
hi casey don't you think dax might move up today
I flippin well hope so, any direction will do, I fell asleep yesterday afternoon;
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US indices just hangin around below the highs, Average True Range 5 period just bouncing along the floor. Thinking just waiting for the G20 to produce nothing, so then increased tariffs and then a move back down to find support.
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Econ cal, OPEC meeting all day, US consumer confidence at 3pm.
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Bonds up indices down, cryptos up fx mixed, oil down gold up. Chins 300 down 1.6% chart,
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37 minutes ago, SwannyV said:
How do I sell shares that I hold when I get a "Market no longer available online" message?
There used to be the phone number for the Dealing desk on the contact page but it seems to be gone.
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56 minutes ago, JXL said:
Hi,
I'm currently using a demo account and am thinking of opening a live account.
Is there a singapore user who can share with me their referral link for a live account?
Thank you.
Hi @JXL, click the link under the Singapore section from this page;
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23 minutes ago, dmedin said:
@ Caseynotes
Where do you get that info from
@dmedin, HL https://www.hl.co.uk/shares/shares-search-results/j/jd-sports-fashion-plc-ordinary-0.25p
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Someone bought 50,000 shares on the market open (just under £300,000 worth), wonder what they know that we don't?
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Dax tests recent support, Dow sideways. maybe the US market open will inject some omph.
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Indices dragging, bonds up, Euro up USD down, cryptos down except Neo up over 5% chart.
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9 minutes ago, Sacha1 said:
US GDP will be sliding for sometime to come. Interest rates can't hide a failing stock market.
US indices sitting at the all time highs, probably the key print this week is the US GDP on Thursday q/q annualised and expected at 3.1% which is a very healthy figure, a big miss will really help Gold up.
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BTC just holding at minor resistance (10858) but a break upward from here could lead to a retest of the recent high at 11219.
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4 hours ago, dmedin said:
This Anton Kreil sounds like a chancer... why's he trying to make money off providing training if he can make all the money he needs from trading on his own account
Just to add to that 'Anton Kreil chancer' bit @dmedin, someone asked him 'why no stop loss' on the 50 lots long gold trade, his reply was 'professionals don't need stops' 😎
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And wow, that monthly resistance line (purple) which is also the ATH is just right there, but it's likely very strong meaning a very strong push will be needed to carry the ball over and touch it down on the other side.
In the meantime Dow checking the pivot from the underside and Dax looking to do the same. As ever, first looking to see who controls the pivot then looking for targets in that direction.
Nb/ pivot levels taken from Friday's data not Sunday's.
H1 charts;
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A look at the monthly charts and what a great month so far for Dow working it's way back up to be toeing the line of the all time high just in time for the G20 starting Friday. Any news concerning China US trade likely to be out during next weekend so things may be a bit cautious til then.
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Cryptos heading down, oil and gold up, Euro up USD down, indices mixed, bonds up. Chart AUDUSD looks for resistance.
German business climate data at 9:00am.
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3 hours ago, dmedin said:
This Anton Kreil sounds like a chancer... why's he trying to make money off providing training if he can make all the money he needs from trading on his own account
Fair point @dmedin but I think that may be the answer, he's not only a chancer but a very good one. His trading credentials are cast iron, well documented over many years, very successful and made an awful lot of money. Once you've built up a reputation like that it can be put to work at no cost. The organisation would have taken time to set up but once that was done probably runs with minimal oversight from himself and really just feeds off his reputation. I'm sure taking money off rich noobs is a lot easier than actual trading with far less risk to capital.
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34 minutes ago, gautamhait said:
Gold silver trading tips sir ??
No problem @gautamhait, looking at the Gold hourly chart below you can see price has nudged hard up against resistance at 1400. If you look back the largest blue breakout candles occurred at 1:00 am and 2:00 am (UK time) on Thursday and Friday, it would not be unreasonable to expect another attempt to break above 1400 around that time on Monday morning so a stop entry order above 1400 looking for price to attempt a retest of the recent high 1411 would seem in order. I would keep the stop loss tight as 1400 is make or break so just beyond the red trendline would seem reasonable, if 1400 were to hold and the trendline was broken I wouldn't want to stay in a long trade anyway.
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On 21/06/2019 at 22:48, Guest Randolph22 said:
How can i get access to my mt4 login details. I opened account with IG but for the past one months i didn't receive my mt4 login details from this via email.
Hi Randolf22, the login is the 5 number account name you can find on your 'My IG' Live accounts > MT4 page, you may need a new password for which you would need to phone or email the helpdesk.
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7 hours ago, aelv said:
Hi All,
Apologies I'm totally new so apologies for the basics. I've recently invested decent sums via my CFD account into lots of ETF products. I've seen a really solid profit to date but have heard that for long term holding CFD is not great for ETF if you're not looking to day trade.
My question is - should I cash out and look to buy ETF via shares rather than CFD if I'm looking at a long term investment as opposed to short term fast gains?
Thanks
Hi @aelv, if you are confident in your risk management and stop loss positioning there is no reason why you shouldn't use cfd's for long term trades but be aware that (where available) it is more cost effective to use the 'Forward' (futures) contract for longer term trades rather than the DFB spot contract as the forward contract doesn't incur overnight funding costs though you do repay the spread at each 3 monthly rollover.
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4 hours ago, WestGJ said:
Hi
I have read on other forums sites (not IG) that some brokers sometimes don't have enough Telsa (TSLA) shares for someone to short.
The maximum short position I have had with Tesla is is 5000 shares on the CFD platform. I am currently short 1500 but want to build up to perhaps 15000 shares. Is there any way for me to know if at some point in the future that there will be a shortage of Tesla shares to short? Has there every been a shortage with IG?
My other question is regarding margin requirements for Tesla. I know that Interactive Brokers now have a 40% margin requirement for Tesla whereas IG have the following for the first 25000 shares:
Tier Position size (Share(s)) Margin
1 0 - 5000 5%
2 5000 - 25000 10%Obviously IG have a much lower margin requirements than Interactive Brokers. So my question is - is it likely for IG to increase their margin requirements?
Thanks
Hi @WestGJ, I'm probably not the best person to answer but until someone better comes along, I don't remember anyone complaining of a shortage of Tesla shares to short but it has occasionally happened on other assets, there will be the pop up message this asset is 'unborrowable' meaning IG can't find a party to supply the shares to short. There doesn't seem to be any forward notice that this may happen.
With regards to changing the margin requirements this has happened in the past but seems to be very rare, I can only recall one instance and the main complaint was that there was very little notice but if I recall correctly the change only applied to new positions being opened.
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Time to start a new thread on Gold now that it's broken free and into fresh space, included is the monthly chart with the major resistance levels ahead though after what looks like being this months large bull candle (so far) will likely see a check of support or a pause initially though. I'll post a link to the previous gold thread for continuity of the charts.
Someone else posted an interesting Gold chart a few days ago, some might know the name Anton Kreil an ex Goldman Sachs desk trader I think, well respected, made millions. He did the video posted on the forum recently where he spends an hour telling you that brokers are bad and that retail traders can't make money then spends the next hour telling that they can, if they sign up to his new, eye wateringly expensive, traders institute. Anyway, he just posted a chart and account info showing a profit of some $700,000 on gold trades over the last month and a half. His trading credentials are not in dispute but the interesting thing is he was using a broker and an MT4 account. He's deleted the dates of the trades for some reason which has raised eyebrows, and of course it's tagged 'this could be you if you join my institute'.
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25 minutes ago, nit2wynit said:
Thaks Casey, but this was just a Test to get Live again.
I've never left a Live trade open over a weekend before. Worried it'll spike up ten million points and wipe me out.
It's not a Guaranteed stop. What will happend it it was to open 100 points in either direction of my Limit or Stop?You will suffer or be rewarded with a 100 points of slippage as @Foxy points out in the other thread. Looking on the bright side if war breaks out you are likely to gain so keep your fingers crossed 😳
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Bitcoin halving event
in Cryptocurrency and Blockchain
Posted
Following on from yesterday's post, after some dithering came the retest and then a breakout.