-
Posts
13,207 -
Joined
-
Last visited
-
Days Won
556
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by Caseynotes
-
-
-
15 hours ago, Guest Dow open said:
Yes -it is better to wait. I usually do so but jumped the gun this time. Usually better to wait for a "whippy" move to play out before getting in. In fact, it usually pays to mark in hi/low of "whip" and wait for price to trade out either side. - requires patience., but usually worth it.
@Turnip230248, there is a good exercise to help with recognising when the rhythm of the market is too whippy and when it has calmed and moving in a more controlled manner. I've heard it mentioned a few times before but it came up again today to remind me.
On demo zoom in as close as you can go and enlarge the price scale so the current candle on a one hour chart takes up as much of the screen as possible, get a feel for how price pulses up and down on the current candle. Try to read it and anticipate, hitting the buy or sell and exiting over and over. It's a practice exercise on market movement and not a trading style so you use it to learn to gauge the current pace of rhythm of the market in order to help with trading on your actual time frame.
-
-
Ok, that means it's not currently linked to your account by IG, you'll need to call the helpdesk to see why and get them to reactivate the activate button so to speak.
-
@SantaClaus just check that it's still activated, go to My IG > Settings > Prorealtime, see pic below.
-
Hi @SantaClaus, you can check IG system operational status here https://status.ig.com/
But PRT is coming up ok. I would keep trying and see how it goes.
-
-
@nit2wynit, yeah that's the new web based platform, I really can't think what's causing your lag but certainly not having any problem here. Do you have any special apps that are getting in the way of the feed and slowing it down?
-
That's quite brave @Turnip230248 trading straight into the US market open as you will usually get some bouncing around at first, tends to be better to allow things to settle a bit and wait for one side to take control. So your actual long entry was well judged with the bulls showing real intent with the 3 bar spike then hammering in on the pullback.
- 1
-
Hi @nit2wynit, this is the new web based platform (see pic), not having any problems with it at all.
-
Hi @nit2wynit, I have 2 computers both with chrome, 1 similar spec and 1 much less and not having any problems moving charts or any lagging. Which IG platform are you using? Old web, new web, mt4, prorealtime.
-
Yes, where is the inflation. Euro zone CPI 1.4% against the 1.5% expected (released today).
Powell was too eager to continue the rate rising, normalisation and forced to back pedal, I think the odds of an expected rate cut this year are up over 40%.
Ger manu PMI was 44.1 against 44.7 expected (deepening contraction) released this morning.
US manu ISM expected 54, release this afternoon.
-
Interesting COT data Friday. Dow increasing net long large speculator interest while S&P and Nasdaq, which had both flipped short have now both flipped back to being large speculator net long.
-
As mentioned in the EMEA brief " S&P 500 gained 0.7% to 2,834.40 - posting its best performing quarter since 1998 as it rose 13.1% for the period."
Yet SSI for S&P is 69% short, as it has been for all of March (at least, see previous posts).
Overbought doesn't mean sell, it's actually a trend continuation signal, dropping out of overbought may indicate time to think about taking profits.
In the same way, heading into resistance does't mean sell, you should be cautious but levels are made to be broken and strong momentum gives price a fair chance of doing that.
Picking tops and bottoms is a specialist art, part time retail traders nearly always get it wrong and sitting waiting for major reversals in multi year bull runs is just plain daft.
It's not wise to buy directly into resistance but it's not wise to sell directly into it either. Retail traders like to rush in then when caught out sit on losing trades for as long as possible hoping it might turn round but finally exiting when they just can't stand the pain anymore.
Let price decide what it's going to do and then try to catch the ride to the next level of contention.
- 1
-
Hi @ballentine, I don't know of any brokers who have adjustable time zones on their own platform, the only option is a third party platform such as PRT, it's unusual the IG version of PRT is not available in the US, I wonder @JamesIG if IG are planning to make it available for US clients in the future?
The other alternative is the web based TradingView platform but IG don't have a dealing link up with them so it would be a case of using tradingview for charting and the IG platform for trading.
-
All 4 gapped up on Sunday open after a strong bull weekly bar and heading to test weekly resistance levels so should be a fun week and US NFP to cap it off on Friday.
Dow currently checking the prior high at 26113 with the monthly chart resistance level just above at 26241.
Dax spent last week daily checking support before inching higher, no strong resistance til 11824 but EU PMIs this week could cause problems.
Ftse will be looking to continue on towards weekly chart resistance at 7370.
-
Just to note the course (and book) is still listed as free (Australian coupon) but will close within hours.
-
-
Trading ebook and online trading course enrol FREE today only;
-
Hi @learner2019, selling a stock you don't already own can only be done via a leveraged account such as a spread bet or contract for difference (cfd). On these accounts you are actually borrowing the stock in order to sell it and then returning it once you have bought back the stock to exit the trade.
-
Today is week, month and quarter end, so watch out for end flows. Also, UK onto British Summer Time Sunday and so back to the usual US market open and close time by the UK clock.
- 1
-
-
Agreed @elle, with trade talks in Beijing today and reports yesterday they were down to line by line fine tuning Gold needs to find solid support.
-
Indices
in Indices and Macro Events
Posted
Ftse breaks up above 7370, Dow awaiting US market open, Dax stalls at 11760 (R1 pivot), and will look to Dow for direction.
H1 charts;