Caseynotes
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Posts posted by Caseynotes
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8 hours ago, dina said:
Im looking to start my first ever trade in the morning. The problem is the order ticket doesnt look like the one Ive learned about. I dont see where you select the 'direction' or 'order level'. Willthe ticket look different when it goes live?
Hi @dina, which account type, platform are you using?
The order level is the price you want to open the trade, you select buy or sell (at that level) and the platform will work out the direction automatically. Use the demo platform to try out different order types.
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All showing red on a pullback from recent gains.
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Ftse is above the daily pivot 7339 reaching for R1 at 7370, S1 is at 7321.
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On the London open Dax is hovering around the daily pivot 12330 . R1 is 12304 and S1 is 12150.
M30 chart.
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Still Baiting and Trolling @TrendFollower and now blatantly attempting to destroy unrelated threads.
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On 16/05/2019 at 07:14, Caseynotes said:
BTC double topped early this morning at around 8368 and has fallen hard down to support at 7850, currently trying to get back above 8000.
Above is the double top pattern I pointed out on Thursday morning, as there seems a lot of confusion as to how these should play out lets take a closer look.
The pattern is triggered as price moves below the neckline on the last leg down and the target is the measured move down equal to the top to the neckline. Note that once the target is reach the pattern has played out and does not automatically mean price will continue falling, here we see price continue in the original direction after the pattern has completed. This DOES NOT signify a triple top pattern as others would have you believe as the neckline has been corrupted but rather signifies a more determined attempt to break resistance.
You're welcome.
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25956 is the test for Dow today if it can keep this upward momentum since 13th May going.
Ftse is looking to breakout above 7360 with tested support below at 7306. Dax looking to test the recent high at 12317.
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@TrendFollower, you are baiting and trolling on multiple threads, I suggest you re-read the guidelines before continuing.
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@TrendFollower, all through the second half of 2017 and the first half of 2018 I posted regular throughout the day on BTC simply because it was not only interesting but exciting.
I see you have used this thread to try to get someone to show you how to trade, as well as the crypto halving thread and the gold thread, I suggest you look for a mentor.
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Lots of blue this morning, BTC up 308 points.
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BTC gaps up on the Sat morning start up, currently at 7394.
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Interesting development, usdjpy broke key resistance that's been in place since early May on this 4th attempt.
Why did that happen? There was a surge in US indices on the US open so money came out of ultra safe Yen and went into stocks.
Not a totally convincing break though because come end of day some decided to reduce risk for the weekend and sent money back the other way but the dollar bulls did manage to keep the close above the break.
So what happens now? That will depend on whether there are any developments in the trade war, a worsening situation will send price back down but if there's no bad news big traders are expecting price to keep rising.
How do you know that? Because the big traders wouldn't have bothered to push price though resistance in the first place otherwise 🙄
So what do I do now? Well personally I'd be refreshing my memory of Cred's 'Entry Triggers' video I remember seeing in the 'Technical Analysis' thread.
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4 hours ago, dmedin said:
Even books written nowadays contain references to 'visit my website and sign up for my course for more info'.
But why would that automatically invalidate the material presented. Some people know the theory but struggle to actually make it work (everyone), that doesn't invalidate the theory. These people often become educators instead of practitioners, in fact our schools and universities couldn't work without them.
Everyone spends a lot of time (money) learning the theory, some package and present it as educational material for new learners, often they will offer sections for free as a sample. Browse the free stuff and take it at face value, discard it if you see no value, there should never be an obligation to buy and it's probably possible to collect the free samples from many educators and make up an entire course 🙂
I've tried to make such a collection in the 'Technical Analysis' thread, the original thread was bigger but got trolled to death by nay sayers so I started all over again, but it is worth a browse as you might find fresh ideas to overcome specific problem areas.
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BTC retesting the bottom of the recent range following the drop early this morning, now down 623 points.
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Hi @tfortune, it is likely your site permissions have been reset on a browser update. Click on the padlock icon in the url address bar and make sure Flash is set to allow (not ask).
You can find the 'open new platform' tab in the dashboard page of your 'My IG'.
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End of week and worth pulling back to see where we are and all the indices are on an up leg having retested key support on Monday in what is basically a period of consolidation awaiting a breakout.
Given that the Dow entered consolidation from below the normal expectancy would be a break to the upside but given that the upside is all time highs means that normalcy doesn't apply. The market is waiting for new news to give direction.
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Gold back to 1276 as indices rally;
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Dow has raced up to horizontal and trendline resistance looking for a break;
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1 hour ago, Caseynotes said:
Dow bounced back to the pivot, rejected, down through 25723 and now approaching S1
S1 held and now on the US open a strong bullish push.
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2 hours ago, Caseynotes said:
Went for the test of support, both now trying to bounce back up.
Dow bounced back to the pivot, rejected, down through 25723 and now approaching S1
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3 minutes ago, dmedin said:
I don't have a lot of confidence in trading in short-term time frames and there are a lot of 'sharks' pushing day trading stuff.
The H4 chart is quite a good one for medium term trades lasting 2 or 3 days so not really day trading and the stops are not so big as to be weighing too heavily on the account.
Not sure who these 'sharks' are what you mention, of far greater concern to you should be all the bs'ers.
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In all honesty trading on weekly and monthly charts is best left to hedge fund managers.
On the H4 you've got 3 x failures at 110.030 then a failure at the pivot, I'd be looking lower rather than higher at least until there was a breakout past such strong resistance.
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All red now, BTC stabilised and ranging between 7080 and 7331. Either, Ripple, Neo and Stellar down around 8%.
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They said they would act so they will have to do something but what and when. Most of China's debt is in USD so it's getting more expensive and also a history of capital flight when the Yuan weakens to these levels.
USDJPY
in Foreign Exchange (FX)
Posted
USDJPY retesting the breakout level now so looking for a bounce and continuation upward.