Caseynotes
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Posts posted by Caseynotes
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BTC pushing higher again into clear space. H1 chart;
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8 minutes ago, alexkef said:
Thank you all for the answers, just got word from IG Helpdesk that the NZDCAD pair is not supported on MT4 accounts.
https://www.ig.com/en/help-and-support/cfds/fees-and-charges/what-are-igs-forex-mt4-product-details
That's odd, which country are you in? I know it's not supported on the demo platform but seems to be working fine (apart from that fake spike I reported earlier). See chart below.
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Interesting one this, NFP was a big miss as the Wed ADP number predicted but the thing is the markets have already priced in the increased chance of rate cuts in the near future so the affect of the NFP today is looking somewhat subdued. There was talk that a big number could cause a hit on the market because it might reduce the chances of rate cuts.
Dax and Dow M30 charts;
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3 minutes ago, dmedin said:
The hints and tips people have given on this thread are greatly appreciated. 👍
How's that gold trade looking?
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After a couple of false starts Dax is on the move to R1.
H1 charts;
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8 minutes ago, davidbrister said:
I see no reason to Hide any info, if some one can gain a benefit from the experience of others, then lessons are learnt/taught the world is a crazy place these days, its nice to have a group of like minded souls all striving towards the same goal. while i love my macd and pSAR indicators my emotions always get the better of me and ultimately i lose, over the last few years i have lost around the $50K mark not to mention (due to other circumstance) losing my Business, House, Car, breaking my back 2 years ago in a car accident in the space of 4-6 months, over all Bankruptcy saw me down over half a million dollars+.
But i get up every morning , i smile and go off to work, i have a new passion, a reason for living, Life itself has been very tough, but i feel the light at the end of the tunnel is now growing , and Karma is seeing i get my lucky break due.
I now use an Auto Trade System, its only very new to me, this has been the 1st week and then only 4 days of it working at full speed, im 3 weeks into it, the 1st 2 weeks were a trial with $500 and i made $42 in that 2 weeks, now at the end of week 3 and another $5k put into the trading account, im up $296. With very low risk factors, this has the potential to make a lot more per day/week, but $70+ a night while i sleep this week is a good return. Im going to graph up some info over this weekend, and i will be happy to share my results with any that are interested. (will start a new post with it.)
Sounds interesting, best of luck.
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Quote taken from the SB fools thread this morning on the gold chart posted there, " ... there was a pull back which stoch signalled the start of by dropping out of overbought but it's now in over sold so you should be looking for a long entry as stoch pops up out of oversold and heads back up."
Got that pop up last hour. H1 chart;
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Interesting 5 min vid of traders results and compares the transition from demo to live, featuring the good, the bad and the ugly.
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9 minutes ago, DDC said:
I am seeing the same problem since yesterday. Unable to load the charts since
Hi, this may be the problem, see link below;
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45 min vid on trendfollower trading for beginners, starts out a bit slow but further in is useful and practical and demonstrates well the reality of strike rates (bad) and return potential (good) for long term traders.
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BTC trying a early morning pump, just tackling resistance now, if it can clear this area there is a lot of clear space above.
H1 chart;
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Stepped up to H1 charts as Dax has got it'self a bit out of sync. R1 is the target (a bit stretched in Dax's case after yesterday's high volatility) but may see a retest of the pivot first and of course the nfp today may well rock the boat.
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Peeps must be wondering what the Govt has up it's sleeve, they promised to wheel out the big guns if anyone dared to short the Yuan. see pic.
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NFP day today and it will be a bit nervy following Wednesday's disastrous ADP nfp coming in at 27k instead of the expected 275k, 180k is forecast for today. Average earnings and the % rate are also important so things could get very bouncy from 1:30 on.
Another blue day all round yesterday so expecting continuation until it's not, Dax having problems sneaking back into the channel and the ECB didn't help, Dow has previous highs resistance just overhead and Ftse needs to try to avoid a third point touch to confirm a downtrend trendline.
Let the games commence.
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4 hours ago, dmedin said:
Might be time for gold to retrace a little. If so would like to get on it early.
When 20 < 50 and 5 < 20 then that is a good sign ... along with relative position of oscillator
difficult to stay away I know, that's because it is a challenge 🙂. Just a note on the gold chart. Stoch is a leading indicator while the MA's are very laggy. so your arrow pointing to the start of a wave down for gold has been and gone, there was a pull back which stoch signalled the start of by dropping out of overbought but it's now in over sold so you should be looking for a long entry as stoch pops up out of oversold and heads back up.
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21 minutes ago, MarkR66 said:
How do I save a chart set up so that when I click on different stocks in my watchlist the chart updates for the new stock and doesn't open a new chart in a new window on top of my workspace?
Thanks in advance
HI, sorry if I've misread this, chart setups are only saved once the chart is placed in a workspace, you can have many charts in a workspace and as many workspaces as you want.
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7 hours ago, alexkef said:
Hello all, I am on a live MT4 account and I haven't been able to make the NZDCAD pair appear on my live account. Tried showing all and restarting my MT4 but with no success. Has anyone else stumbled upon the same issue?
Hi, not sure why it's not there after 'show all', it should be in the top fx list (see pic). IG don't include the pair in the demo platform. @JamesIG the nzdcad chart has a large fake spike Friday 7am 31.05.19. Unfortunately the fake spike on the China index chart remains as well.
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@Bell, yes it would be nice if the phases were evenly spaced as in the diagrams but that's not real life of course. A strong break out with volume indicating the opposition have been cleared as you say is favourite, I've got one with volume I'll add it below. The retest or at least an attempt to retest will come and when that pullback fails is as sure a trade as you'll find, those attempts at breakouts while in consolidation though can get messy and often snare and trap the unwary.
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2 minutes ago, JamesWatson said:
Trying to buy on a spread bet but the it says above where I put the amount I want "Closing Only: Market Unavailable to open". If you try to place deal there is the following message "You can only place an order to close on this market. For further details please call our helpdesk". Can anyone explain this please
Hi, it can be for a number of reasons, it may be that IG has reached max exposure as per their risk management or that the size of the company has reduced to under the IG min threshold and will take it off the platform once those holding positions have closed out. If you tell us the name of the company someone from IG may be able to provide more info.
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4 minutes ago, Bell said:
@caseynotes thanks mate was looking for that area. Will check through it.
In terms of strategy - it is interesting people being so open.
Showing our mistakes allows us to improve so people who have exposed themselves have been brave.
But together with others opinions like yourself - it really does help. You can try different timeframes.
I noticed you like Wykoff which tends to really suit a longer timeframe.
In my mind he synthesised a variety of different ideas - it is amazing how few people these days know of him and how so many could benefit from his principles...
@Bell, yes indeed, it is hard starting out, everyone underestimates how long to takes to get to grips with the market and the realisation TA is probably only 20% of it.
A study of Wyckoff is essential to understanding market structure and how price behaves and the basic principles do play out on all timeframes. Just need to be aware that consolidation doesn't always mean accumulation or distribution, sometimes there is just a lack of activity. I was talking about rectangles in an earlier post in this thread today, if it is a true block of acc or dist activity price will fly out with some force which is another good reason to rectangle off periods of consolidation and look for price to shoot up or down out rather than crawl, and then be looking for the pullback. The other thing is that acc or dist may occur as a series of blocks before completion and reversal rather than as most Wyckoff diagrams show, one auto following the other in a nice neat fashion.
Interesting stuff.
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Dax hit by the change to guidance on rates, not seen so much action from a ECB mon pol statement for a long time. The correction seems over for now but still the presser to go.
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27 minutes ago, dmedin said:
Well, at least I'm consistent: all my trades reversed and stopped out on the demo platform too.
not sure how you managed that on the gold trade, your entry looked to be 1335.00 and price is currently 1336.38.
Obviously chart structure wise it was a very late entry but that is one of the problems with the larger time frames, things don't always set up at a convenient time of day.
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Dax stalled at yesterday's high and awaiting the ECB, Dow stalled between R1 and R2.
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2 minutes ago, dmedin said:
As a wise man (possibly Confucius, or maybe it was Aristotle) once said, 'The problem with TA is that even a broken clock is right twice a day.'
But not three straight hits in a row, The TA's not the problem, it's how and when it's applied.
IG apps chart and a few functions are not working
in IG Chart Support - Charts, MT4 and PRT
Posted
Hi, there is a problem with the apps, see the link below.