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Caseynotes

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Everything posted by Caseynotes

  1. Always worth taking an occasional peek at this and consider going in the opposite direction. Most recent snapshot shows retail shorting the dollar during a DX bull flag while shorting FTSE and DAX during a bullish breakout. Making grand predictions of highs and lows doesn't work. Stick to just trading a few repeating high probability setups.
  2. After the SNB swissy debacle all the big brokers lost a lot of money (that's before the introduction of guaranteed stops) simply because losing traders could not pay. FXCM was on the verge of going out of business and needed a rescue loan. So compared to that the increased income from the increased spread on a guaranteed stop must be an off set to the rare big spikes. Interesting article on brokers share prices post FCA proposed intervention. This seems the bigger risk. http://www.leaprate.com/2017/01/publicly-traded-forex-brokers-lose-2-4-billion-of-market-value-in-2016/
  3. FTSE jitters, new high and staggers on year end flows and holiday season low liquidity, not really a time for getting into trades. Week, month, year end.
  4. Comprehensive article (with videos) on the many tools to help decide where to set a stop loss and their pros and cons. Plus an in depth look at my personal favourite, the trailing stop loss. http://www.tradingwithrayner.com/set-stoploss/
  5. Another big spike on low liquidity in the dead of night. https://www.dailyfx.com/forex/video/daily_news_report/2016/12/30/Trading-Video-Dollar-Slides-as-Fed-Forecast-Balances-EURUSD-Mounts-Liquidity-Surge.html
  6. Hi & I posted this a short while ago (different thread) but just realised the link was bad so here it is again. http://www.financemagnates.com/forex/bloggers/differentiating-good-bad-brokers/ It discusses the different models used by brokers and combinations thereof, info I have picked up over time is that IG profits on spread (never been super tight) and hedges any imbalance on their books. Difficult for IG to guarantee a guarantee but IG introduced these stops after EURCHF and GBPUSD flash crashes so they must have tested them on models?
  7. Good point, but how long before the US shale companies step in to fill the gap of the OPEC reduction strategy (shale already gearing up on news of the latest OPEC agreement). US shale becomes profitable at about $50. Saudi economy over spends and needs a much higher oil price in spite of low production costs, shale has busted the OPEC monopoly forever. The OPEC meetings and plans of the last couple of years have been meaningless, even with Russia aboard. The interesting player is China (big consumer) who is said to have been massively stockpiling during the low price and therefore will cut buying as price rises.
  8. Good points, I remember posting an article on the specific use of guaranteed stops for weekends but can't remember the thread. I saved the snippet reproduced below, I think it was about the introduction by IG to GS for ongoing positions.
  9. I have never traded shares in this market but it has a reputation as being 'exciting' which can be taken both ways. My main concern would be lack of liquidity if I needed to get out. Good article here, http://ican.tddirectinvesting.co.uk/economic-update/how-the-aim-market-works-aim-101-how-the-alternative-investment-market-works/ I would take special note of the last couple of sentences.
  10. Interesting volumes on EURUSD and Dow Jones charts. Strong bearish volume at every opportunity in EURUSD but waning bullish interest in Dow Jones 20,000. Don't buy the highs.
  11. Hi . Take a look at, https://www.ig.com/uk/trading-skills http://www.babypips.com/
  12. So right . All big levels are tough to crack, any breakout needs follow through and so same with Dow Jones 20,000. Never jump straight in on a breakout (buying the high, selling the low) - after breakout always wait for the first attempt to reverse to fail, so becoming just a pullback (often back close to the breakout level) and a signal for the many to jump aboard, far greater chance of success. Don't worry about drawing futuristic arrows on the chart, these should not be considered predictions but just what you would need to see price action do before you would consider an entry.
  13. Two legends in the trading game, many books between them. Podcast (1 hr) Jack discusses his new book 'Complete Guide to the Futures Market 2nd Ed' coming out in January. The podcast goes through many of the chapters with lots of insight for all, a must for futures traders. The podcast covers a lot of ground, fundy, TA, charts, psychology, indicators and much more. https://www.peterlbrandt.com/market-wizards-jack-schwager/
  14. Assets performance roundup 2016. Range - bar, year to date - dot.
  15. Quick summary of BOJ mon policy released last night. http://www.babypips.com/blogs/piponomics/forex-boj-20161220.html?utm_source=dlvr.it&utm_medium=twitter
  16. Very wide range in predictions for EURGBP in 2017.
  17. Interesting article on different models used by brokers and whats good and bad about them. http://www.financemagnates.com/forex/bloggers/differentiating-good-bad-brokers/
  18. Realised I said market orders meaning orders in the market so I meant limit orders in the market not actual 'market orders' sorry for the confusion.
  19. , that's right, no level 2 data (market orders), the buy/sell columns will only display your orders on the IG version so not much use really. You used to get market depth on a FXPro demo account but not sure how accurate that was. IG has a level 2 data service but it seems only for CFDs not spread betting accounts. I hope this changes in the future, also, IG says they hope to have volume data soon too.
  20. From the PRT manual, link here. I also remember a video link in the manual on this topic somewhere. You can see here there should be actual orders rather than blank columns. https://www.prorealtime.com/en/help-manual/display-order-book
  21. Hi . There is currently an 'order book' but without the level 2 data I'm not sure how much value it is, just another way of seeing your own orders, not the markets. I may be missing something though. Check out the setting tab bottom right. (ps, that preset QTY of 20 was a mistake, must remember to fix if I ever actually use this).
  22. Hi . Correct, IG has it's own version of the PRT version so expect some differences just as there was when moved up to 10.2. That update took IG nearly a year after it was released to PRT customers, just as long as this update (10.3) seems to be taking.
  23. Good DailyFX video weekly round up and prospects for this week. Sharp plunging volatility and retracements for start of new year? https://www.dailyfx.com/forex/video/daily_news_report/2016/12/17/Trading-Video-Will-Dollar-SP-500-and-Yen-Cross-Rally-Extend-Through-Liquidity-Drain.html
  24. Good articles from Bloomberg on the undervalued GBP, plus EU being forced to cut budgets with loss of Britains EU contributions. (both on same web page) https://www.bloomberg.com/news/articles/2016-12-18/brexit-entails-budget-cuts-for-what-s-left-of-eu-denmark-says
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