Caseynotes

Bonds and Gold down, Oil up, Western indices up, Asian indices down, BTC chasing yesterday's high. Euro up, Dollar basket down;

Main events this coming week.

@The_Alnchemist, on another thread somewhere I also saw an IG reply that was saying that due to the mixed sources of data they used to collate volume that the final data point may be delayed and I've noticed this before, you may find the final volume profile has changed on Monday. Just checked the spread bet chart for Kier Group, see below.

As in the post above you need to be checking the monthly chart for gold. To zoom in on the chart below, gold has been uptrending since last October with a retrace in Feb, Mar, Apr, before continuing up. The important point is the blue down trend line was touched to the tick before pulling back on Friday, it looks a bit ragged on the chart but is actually auto drawn based of fractals. With three previous touches that is the line everyone will be watching with much anticipation going forward.

Hi @locotrader, your IG password won't work for MT4, you should have been given a new computer generated one to start and you can change to whatever once you are in. Can't remember how that is sent to you for the live account, the posts above suggest it may be by email so check there. For demo it's installed auto each time you open a new demo from 'File' > 'Open an account'.

First the pump, now the dump;

Hi @Marian, You have a leveraged demo share dealing account so you can sell without ownership by lending from IG. You may have been looking for a straight non-leveraged share trading account but IG don't have a demo for that as yet.

Hi @Mephisto59, IG weekly candles should start on the weekly IG market open which currently is 11pm Sunday (utc +1) You can check and change your PRT time zone settings, see this vid below;

Hi @The_Alnchemist, this answer was given to a similar question recently (see link);

or perhaps this with a couple of 'charts of the day'.

@FFS_Daytrader, re; dashboard, the only thing I can't get on is a brief econ calendar news events of the day, what do you think?

Hi @winson, are you in Hong Kong? that's a good joke by the way so don't worry about the self appointed hall monitor complaining. You might have been caught up in the Friday evening (UK time) routine shut down for a few hours for system updates.

Hi, if it's internationally priced in USD such as most commodities, precious metals etc you won't be able to convert to AUD.

Hi, not on the IG platform but as Kodiak points out you can on PRT or you can look at Tradingview.com where you can use the 'compare' tab to overlay another chart which changes the linear scale to percentage. See below the Dow overlayed on the Dax.

Sure, it's does look good doesn't it, new site found just recently but it looks like some prices are delayed unless you sign up for a pay for package. Might go back to the IG platform and see if I can build something similar 🙂. The setup is as per this page; https://www.teletrader.com/markets/overview

Overview, haven't quite got this dashboard sorted yet, seems to be a delay on the US numbers;

Initial push down on the US open; M15 charts;

BTC climbs above 8312 H4 resistance level, currently at 8352. H4 chart;

precision entry, it's gonna happen 😉

Quite correct, trendfollowing is more akin to investing than trading. Do take a look at the daytrading.com link a few posts up, it looks to be quite a good resource for all things day trading, even has a stocks section.

Dax got it's bounce off S1 but had to wait for Dow to come down and bounce off it's pivot, the move back up is lacking drive though. M15 charts;

Dax slipped down through the pivot and is trying to get a bounce off S1, just below is the H4 support level 12061. Dow looking to test the pivot at 26040.

Interesting MT4 Ichimoku EA free download with strategy and back test results could fun to test. https://www.earnforex.com/metatrader-expert-advisors/Ichimoku-Chikou-Cross/

It's important to experiment, different things for different markets, the reality is that a relatively small number of very large institutional traders move the market, if you are using something similar to them your indicator will suddenly magically work, until they go off to lunch or whatever 🙂. Pivots are one of the oldies handed down through generations of traders, they often work well in the more established main markets.

Gold pops, currently 1355, heading for 1375?