Caseynotes
-
Posts
13,207 -
Joined
-
Last visited
-
Days Won
556
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by Caseynotes
-
-
@TrendFollower, you have not challenged what I have posted because you have not referred to the actual presented subject matter at all.
For the third time, your questions are irreverent because you will not relate them to the subject matter, you would not even be asking them if you had bothered to view and consider the subject matter. The video explains exactly how you can copy institutional traders, you either ignore that or astonishingly still haven't bothered to view it.
Your generalised uninformed waffling while refusing to view or consider and relate anything to the presented subject matter is simply a waste of everyone's time, without any relevant context to the post you are replying to leaves me with nothing to answer.
-
@TrendFollower. You reply to a post you could not even be bothered to look into while pretending it is all in the name of debate. You have not asked any valid questions because you are unable to make any reference to the subject matter contained within the post you were replying to. In your post of 'questions' you have at least 5 sentences finishing with a question mark none of which could be considered relevant because you clearly hadn't actually watched the video in the first place. You are not therefore adding to any debate or understanding as nothing you print has any context with the actual subject matter I posted.
-
@TrendFollower, if you want to debate something it pays to take the time to look at the case being put forward before refuting it. Firing off a reply to a post in a thread attacking what is just your own vague notion of what may have been said is neither professional nor polite.
Copying institutional traders and market movers can be done by looking at supply and demand levels, if you want to learn more I suggest you take a look at the video.
-
@TrendFollower your comments would indicate that once again on this thread you are making comment on something you have not bothered to take the time to even look at let alone study.
The text of the video explicitly describes the use of supply and demand by institutional traders, how they use it and why they use it. None of this is new to me, I have known this for years and so I have forwarded the video for others to consider and use as they see fit. It is a fact that institutional traders stack orders at certain levels to build positions over months, they do not chase price but wait for price to return to the level to continue to fill their orders.
The majority of retail traders do not use supply and demand but rather are hooked on lagging oscillator indicators which pretty much guarantees they are the late dumb money. And so yes, retail traders should do something different and that is to copy institutional traders.
No one should presume anything but here is an example of exactly how 'a previous price level provided a trading opportunity' 2 in fact, on the daily chart over the course of 2 months.
-
Dax pushing up to 11719 again, note this is a big support level turned resistance from 1 year ago. A break upward could start a larger move. Ger Econ Sentiment data out at 10 am.
-
Very good short video on supply and demand as a leading indicator, support and resistance, and the difference between the two.
https://www.tradeciety.com/supply-demand-leading/?mc_cid=7800da6988&mc_eid=5e22afae3f
-
1
-
-
As was going to be in the APAC report the markets are reluctant to move too much immediately before the FOMC rate decision and report tomorrow, Dow content to mosey on up to the fence and just peek over to the other side as is Dax and Nikkei. Ftse has made a break for it and will be interesting to see if it can make that stick today.
-
Good interview @rimmy2000, sound advice on investing in general, know thyself. Thanks for that.
-
Dax contemplating rising channel bottom on H1.
-
Interesting short video from Chris Weston (formally of IG Australia) on the week ahead.
-
On the weekly charts Dow is looking to continue towards a retest of 26241 with the daily resistance level just ahead at 25927.
Ftse is at the weekly resistance level 7262 and relative clear space above if can break through.
Dax is hanging around 11700 and should follow Dow if Dow can push up.
FOMC on Wed and BoE rate decision Thur.
-
Dow and Dax and Nikkei capped over the last couple of days though remain poised to move higher but the news on the US/China trade deal is still of delay rather than progress, much like brexit.
-
So from yesterday's post Dow did go back up to test 25763 but stalled there. Both Dow and Dax looking at long term resistance levels but lacking the impetus to attack them and not much on the calendar that might provide a push.
Ftse still sat on the sidelines while the brexit tug of war continues.
-
That's it @andysinclair, well done, got there.
-
ok @andysinclair, so the table you posted was just a sample taken from the web page https://www.excelpricefeed.com/tutorials/excel-igindex-client-sentiment-analysis and is not up to date?
-
-
We didn't get our continuation bar yesterday but rather a weak attempt to reverse. Will wait for the London open to gauge direction from here.
Dow will look to retest 25214 or aim for yesterday's high 25763.
Dax in same situ, test of support at 11404 or yesterday's high at 11634.
Ftse, well who knows where that's going, looks to be sitting out the brexit game at this stage.
-
Thanks for this @andysinclair, it's a great idea to collate all the sentiment data and present it on one page. DailyFX have long used this data, as you suspect, as a contrary indicator, firstly data input from FXCM and lately from IG.
You are right to wonder how the IG data is determined, (volume/size, number of transactions, number of traders short/long). IG specifies it is simply the number of their retail traders short/long so it is a simple vote ya or na irrespective of size of conviction.
Following this over years it is interesting that the percentages don't leap about but rather move more like the tides.
You seem to have calculated the data differently though, in the 'indices' thread I've posted DailyFX IG data previously and the latest real time on S&P 500 is the top pic showing currently 76% IG clients short while the second pic is from a post in the thread from 4th March showing 75% short.
To be honest your data actually seems more realistic but I couldn't say why there is such a large discrepancy.
https://www.dailyfx.com/sentiment?ref=SubNav
-
Constant chatter on up coming commons vote;
"Brexiteer tells me a defeat by over 100 is on the cards. Here's why: - AG says backstop could trap us still - ERG says it cannot support - DUP's Dodds implies they won't back it.
"Charles Walker, vice-chairman of the 1922 committee & staunch defender of PM, says she will have to call election if deal is defeated: 'If it doesn't go through as sure as night follows day there will be a General Election within a matter of days or weeks. It is not sustainable'"
-
5 hours ago, Caseynotes said:
Big daily bull bar Dow and Dax so looking this morning for longs as price continues up through yesterday's close until PA tells us otherwise. Ftse mid range, commons Brexit vote today - gbpusd gained on news the EU had granted concessions to May at yesterday's evening meeting, will get lively today as the actual details of a deal and vote result are known, could be a case of buy the rumour sell the news?
GBPUSD "could be a case of buy the rumour sell the news?"
Er... yes;
-
Concise breakdown from Joe Weisenthal on Modern Monetary Theory.
-
-
Big daily bull bar Dow and Dax so looking this morning for longs as price continues up through yesterday's close until PA tells us otherwise. Ftse mid range, commons Brexit vote today - gbpusd gained on news the EU had granted concessions to May at yesterday's evening meeting, will get lively today as the actual details of a deal and vote result are known, could be a case of buy the rumour sell the news?
-
@zala, the spreadsheet only covers stocks that are listed long term as 'no sell to open' but it may also occur suddenly on high one way volatility on any asset for a short duration of say a couple of days right down to just a couple of minutes.
TA - Technical Analysis
in General Trading Strategy Discussion
Posted
@TrendFollower, for the 4th time, the video answers your questions but you are clearly determined not to view it. You are intent on replying to posts without making any effort to consider the OP at all, if that is the case you should start a new thread and stop trying to hijack the thread of the OP.