Caseynotes
-
Posts
13,207 -
Joined
-
Last visited
-
Days Won
556
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by Caseynotes
-
-
41 minutes ago, nit2wynit said:
Soooo, about that chart then?
I just wanted to know if that chart was Volatile or had Liquidity? 300pts 3.7% increase, 5 minute chart.
A lot of words spoken to get a simple answer.
Never mind.
Thanks anyway.Volatility can eat up the liquidity so price has to move because there is no liquidity left, price is not only pushed it can be pulled as well and that can produce gaps and large candles
But I can see you're not really bothered, never mind.
-
1 hour ago, nit2wynit said:
I'm not sure of your point.
I just want your opinion on Volatility, Spread relating to that chart that been open 5hrs? Why are we talking about the Dow? lolYou might have noticed people have difficulty answering your questions, one reason is that they are often not very clear perhaps because you might not have done the ground work on the subject. As James pointed out yesterday there are a number of tutorials on spreads in the Academy section that you could have followed up on.
So spreads are floating, at most times they will adhere to the minimum but during periods of low volatility or liquidity they will change, such periods are often linked to periods such as market open and close, times of news and data releases or a just a sudden buy or sell panic. These intermittent periods with the associated change in spread may last just seconds or minutes, they rarely last much longer except for very illiquid stocks but it may occur multiple times throughout a day. I couldn't say in the case of your chart as I wasn't watching it. The more important point I was making was that if the spread looks unreasonable don't trade it, it makes it much harder to turn a profit if you are only looking to hold for the short term.
-
1
-
-
S&P tags the ATH.
Daily chart;
-
25 minutes ago, nit2wynit said:
Just wondering how you see it in relation to the info you provided. Large Volume of action. clearly moving on the 1 minute chart. Mahooosive Spread.
Aren't you the same person I said was very brave trading the Dow straight into the US market open on another thread some time ago? Because the market open and close can often behave the same as a data or news release (that you don't trade), a large candle is the same as a gap, there is massive slippage because multiple orders are being taken out instantly ... haven't I said this before somewhere?, anyway, liquidity disappears and the spread widens.
-
4 minutes ago, nit2wynit said:
Please tell me what you see here Casey and relate it to the info you've provided above?
Within 30 seconds the Spread went from 45-62. Updating glitch? Normal? Is this Volatile?, Liquid?You would need to ask the liquidity provider but clearly something happened. Do you trade in the seconds following a big news event when price is whipsawing all over the the place, when spread is sky rocketing and there is massive slippage because orders at multiple handles being taken out instantly?
Here is an exert from my reply to the OP in this thread;
" I didn't realise I was competing in a two way auction, I thought I was just gambling like I do in Vegas where if the action is really hot and the big guys are throwing lots of money around and the spread is getting bigger and bigger then that is exactly the right time to jump in, boy was I suckered."
I understand you don't get it but until you do you risk a sudden wipe out of your account, that's just the way it is.
-
Nice monthly Silver chart featuring a horse;
-
1
-
-
Remains mostly blue except for USD and Cryptos turning red except BTC. US Oil up 3.5% chart.
-
47 minutes ago, dmedin said:
No volume indicator = no use to me!
There must be custom volume indicators in the code library?
See this vid
-
1
-
-
2 minutes ago, nit2wynit said:
What no-one has done is actually say 'You know, Spread Betting is a safer more profitable way to deal than Buying and Selling Shares.'
No one can answer this for you but you, it will depend on how you trade them, each can be traded with high risk or low risk while trying to compare apples and oranges, yes they are both fruit but that's about as far as it goes.
-
1 minute ago, backwardation said:
@Caseynotes I think this should work fine . Thank you very much.
The vol seems to work fine, set the input period to 1 instead of 7 but turn the alarm off 🙂
-
10 minutes ago, backwardation said:
Thank you! Any idea about up/down volume (sometimes called bull/bear volume)?
no, I can't recollect seeing that type of indicator before, a separate bar for buy and sell volume. A quick search only came up with this one which can be set to display the current bar.
https://www.mql5.com/en/market/product/15939
-
8 hours ago, Guest Chuck W. said:
For US clients (at least) the Oanda charting platforms allow the client to configure the daily boundaries to occur at three possible times: Midnight local time, 5PM NY (ET), or midnight NY (ET). It would be nice if the IG charts offered this as well and this would seem to be an easy modification. I apologize for this being a little off-topic but it is related to the general discussion in this thread.
Oanda use a version of Tradingview charts I think.
-
9 minutes ago, backwardation said:
Hello, I'm looking for a market breadth indicator for indices. It is simply computed on a stock market by taking the ratio of the number of advancing stocks to declining stocks. Looks like this:
One of the best market breadth indicators is Advance Decline which comes as either a line or ratio, see pic below.
-
Dow takes out 26708 and R2 and makes a start on R3, Dax meanwhile takes a breather between R2 & 3.
Dax and Dow H1.
-
Dow breaks and retests R1, moves onto R2.
H1 chart;
-
US Oil breaks, see yesterday's post, H4 chart below.
-
Econ cal, BoE rate decision today;
-
Looking for trend continuation today though Dow may initially pullback to check support.
M30 charts;
-
Markets already pulling away now that FOMC is out of the way. Dow reaching for resistance at 26708 while Dax has 12463 just ahead. Ftse is a bit out of shape with Boris looking the likely winner in the tory contest.
Daily charts;
-
2 hours ago, WhiteDmp said:
Oh I see. Poor me.
Thank you very much
What was it about the Sunday candle in relation to your system, there may be a work around. For example I use pivot points and the Sunday candle distorts Monday's PPs so I just draw my own for that day.
-
Yes, an important breakout for gold.
Monthly chart;
-
Mostly blue except USD after FOMC, the biggest laugh came when Powell said he wasn't expecting a rate cut til 2020, the expectancy of a cut in July immediately jumped from 80% to 87% and was 100% within the hour.
Chart of the day is China 300 up 3%.
-
@nit2wynit, you are missing the point on spreads and what the spread is actually telling you. The spread is low when the asset has good volatility and good liquidity, spreads are high when the asset has poor volatility and poor liquidity therefore don't buy an asset when the spread is high.
You can often easily buy a stock when there is poor volatility and poor liquidity but when you need to sell it is when the trouble starts.
In @ha05230 perfectly reasonable example what say the spread was 1 and not 10.
-
No surprises in the data, word changes in the mon pol statement reflect concern over low inflation and point to the expected rate cut next month. The presser starts in 5 minutes.
Is spread betting for fools?
in New to IG Community
Posted
Do the Academy.
300 point moves is high volatility which keeps the spread low unless it eats up all the liquidity which keeps the spread high.
Large candles or gaps are an expression of high volatility and low liquidity.
The Dow market open reference was in relation to periods where you can expect high volatility and low liquidity, same as during news events.
Yesterday was a great leap forward on learning what spread meant in context to trading, keep it going.
Do the Academy.