Caseynotes

@dmedin, the classic options are still on the old platform, go to your 'My IG' dashboard page and see the dropdown box on 'open platform' button, see pic below.

@nit2wynit, I pulled this video on using IG options (on the old platform) some time back for another thread, it may be of some interest to you.

Oil shaping up to try for a break higher into clear space.

Gold looking to test 1280 from the under side, if 1280 becomes resistance gold will have no choice but to look lower for support.

Not much movement in the indices, little on the calendar and public holidays coming up, with all time highs just over head for Dow and S&P there will need to be something to tilt the balance. China put in a good GDP figure so the theme of global slowdown has lost some impetus but not sure that will be enough to cause any eye opening movement before the Easter break.

The big push through may well have been more of a big pull through as the 76.9% retail net longs had their stops taken out. (From the article linked above in this mornings post) "Spot Gold: Retail trader data shows 76.9% of traders are net-long with the ratio of traders long to short at 3.33 to 1. The number of traders net-long is 4.3% higher than yesterday and 9.0% higher from last week, while the number of traders net-short is 0.4% higher than yesterday and 4.5% higher from last week."

yeah, just saw that, a determined push as well.

Gold bears continuing their attack today on this strong support level having been beaten off yesterday. This 1280 looks to be in serious trouble. As the article below points out, the fact that retail are scrambling to take on longs is probably the kiss of death for gold. https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2019/04/15/Gold-Prices-Approach-April-Low-Hold-at-Symmetrial-Triangle-Support.html

Markets were reluctant to push forward yesterday so lets see how today unfolds. The three are still running along resistance though this time the Shanghai is on an upswing, wonder if that will make a difference. Dax is chaffing to go higher but watch out for the Ger econ sentiment data release at 10 am. Dow looks ready to take on the weekly chart resistance level at 26496 (red) again today having failed at the attempt yesterday while the S&P has it's eyes fixed on that all time high (purple). Good read in John Kicklighter's blog today, draws attention to the China GDP data release 3 am tomorrow plus some market insight in light of Brexit developments.

there is differing criteria for IG listings for leveraged and non-leveraged stocks, see link below posted just a couple of days ago on AIM stocks, and don't forget the IG DMA platform for leveraged or non-leveraged share dealing direct on the LSE. https://www.ig.com/uk/news-and-trade-ideas/shares-news/top-100-aim-shares-190408

... what, Tesla could be the next Blackberry, oh noooo 😧

yeah, the online platform will only allow one at a time, the only thing to do is split screen and one on each. MT4 you can have as many as you want, not sure about PRT.

Ta, won't get through it all in one sitting but interesting stuff. Laughed at the " ... stocks move for a reason, when people don't want to believe what stocks are telling them they just ignore it" ...

"Further, markets continue to weigh in the weekend’s comments by the Russian Finance Minister Siluanov, citing that Russia and OPEC may decide to boost production to fight for market share with the United States but this would push oil prices as low as $40 per barrel." https://www.fxstreet.com/news/wti-drops-1-to-test-63-amid-mixed-signals-on-global-supply-201904151027?utm_source=tco&utm_medium=twitter&utm_campaign=fxstreetnews

Yes, still looking for support, there was a report out this morning that OPEC may abandon quotas and just go all out for market share.

Dax and Dow out of step this morning, Dow taking a close look at the daily resistance level while Dax hovers over support.

This week;

Interesting shortened week ahead, the weekly Dow matches the S&P and once again staring at the all time highs. On the H4s China taking a dive while the other 3 are up against recent highs. At the European open Dax H1 is currently on a search for support leg down and waiting for the London open.

Quite right, and that's actually a very nice chart, usually the sign of a well managed company. Not the norm unfortunately, most charts look more akin to the outline of a double humped camel. ☹️

All SBs and CFDs and Options are just a type of CFD. SBs are just a tax efficient (UK only) CFD, why do UK punters use SB instead of CFDs when 80% lose therefore there is no actual tax benefit? 90% of options expire worthless though a large percentage are only taken out as a hedge anyway and are expected to expire worthless. Is there actually any real difference between any of them? The real difference is the size of the account. Small account holders can happily chose to use either cfd, sb or options. Large account holders will use cdf on dma with options to hedge, unless they are US based where plain cfd's are banned and they can only use options for speculation and hedge.

(apologies @dmedin for hijacking the thread) @nit2wynit Problem 1. When going live shift down to the lowest position size available so that's £0.50 and look to a market that has low volatility. Position size start low and build up as success and confidence grows, most people do the opposite, start big and down size as their losses mount and confidence collapses at the same rate as their account. With the small bet sizes a loss won't worry you so much and you wont be putting yourself under ever increasing pressure. Problem 2. Good chart reading and good trade execution is everything. They are far more important than technical analysis or identifying patterns or flipping a coin. I'll think of some good educational material to study but first some simple examples. You mentioned gold so lets look at that first (bottom chart). Simple, the bears had taken control of the market yesterday, look at the size of those red candles and the speed of the move down, if you were looking for anything it would be shorts but the market consolidated anyway so stay out. usdjpy 30min, good steady chart, can day trade on or swing trade on it and the stop loss is not too big (expensive). So practice simple chart reading with nothing cluttering up the chart. Learn to identify the different market formations early and when and where the big players have re-entered the market.

@nit2wynit, it's not unfortunate, that's what's supposed to happen, the market is always trying to trap the unwary and inexperienced, why wouldn't it when it's so easy to do. So you're found that the market moves in fits and starts even when the overall progression is one way, why would it do that. A bull trend is made up of big players buying then stop buying, take some profit, let the market fall back a bit then start buying again, they can time it anyway they want. You are seeing the buying, you are waiting a bit just to be sure, then jumping in just as they stop buying. Once you have bought in you are totally dependent on having a big player come in after you and buy the market up and carry you along with it, but your timing/execution is all wrong. Also, you have discovered that demo is not like the real thing at all, the market moves the same but inside your head it's all different. So two problems identified, what to do about it. TO BE CONTINUED

New season, big names for Monday pre-open with some very set up charts to match.

R2 caught and holding, would expect to rest awhile here to reload the order book and see what the US market open has in store. R3 is at 26400.