Caseynotes

World GDP by Country 1960 - 2017 (2 min vid);

Have been reading some interesting articles of late suggesting there is more to this trade war than meets the eye in that the US is not really looking to redress past misdemeanours but instead is more concerned with future ones. It's beyond doubt that China steals products, then copies and regurgitates onto the free world market but what about doing the same with corporate ideas. Block the likes of Amazon and Facebook from operating in China, steal the idea and copy the format and allow the copy to operate as a monopoly in the Chinese market which is big enough to create a mega sized company which then gets listed on the NYSE and then release it onto the world market. And repeat this process with every new corporate idea that comes along for the next 20 - 50 years. Not difficult to imagine why some might be slightly worried by the prospect.

China releases negative data which is unusual in itself as China's made up figures are normally at least mildly positive. The admission indy production and retail sales are down substantially shows the trade war is hurting and has had a knock on affect on other indices overnight. Difficult to say whether the morning session will bring recovery or continuation. 4 hour charts;

On the daily charts and Nikkei sets the pace continuing on the upward leg so looking for Dow to follow and Dax to tackle resistance at 11048. Ftse has got itself up over the 6850 resistance level and will attempt to use as support for a push higher. ECB rate decision 12:45 and another boring Draghi presser at 1:30.

Actually now you mention it where is the 'report post' tab? I know there used to be one but can't see it now, I can see the 'share this post' icon tab top right corner but there is nothing next to it.

Nikkei continuing the rally overnight, Dax and Ftse looking to clear immediate resistance while Dow hoping for a run up to 24805. The Donald suggests he may let his hostage go if China come to a deal' https://www.reuters.com/article/us-usa-trump-huawei-tech-exclusive/exclusive-trump-says-he-could-intervene-in-u-s-case-against-huawei-cfo-idUSKBN1OA2PQ

Big V reversal in the Dow yesterday positions Dow and Dax to challenge the recent highs today while Ftse and Nikkei left looking a bit confused. 1 hour charts;

Hi @joneskl, if you are meaning the web based platform you can't delete from any of the IG Watchlists but you can from any watchlists you have created yourself.

Dow poised at monthly chart support level so the others will be watching carefully what happens next, minimal movement on Sunday. Dax retesting the Friday close and low on the European open.

Do Fib levels work? - yes - I mean no. Like all other technical analysis they work fine except for all the times they don't. Of course you can help the odds by adding some extra non Fibonacci numbers like 50 or 87. Or you could always add another level of probability for confluence, say a coin flip for example, so if in doubt flip a coin whereby heads = yes and tails = no. It really all comes down to how many others are looking at the same thing as you, will there be enough to turn a prediction into a self fulfilling prophecy? But there is another way. I like to sail and know that I need to be constantly aware of the ever changing force of the wind. Too much and the boat gets knocked down, too little and you are becalmed, so I make sure I'am always ready for either. I know that change can and will happen at any time so if wind dies down I add more sail, if it picks up I furl some away, simple. Can I predict when these changes are going to occur? - not really, I could take a guess but that's not very efficient. Certainly it may be advantageous to have an idea when/where there might be an increased chance of change but best just to be ready and react when needed, it's a far more efficient and less stressful way to get to where you are going.

Meant to add in my last post that the strong support was the point in @elle's post above it, though couldn't say what the badly cropped 3rd chart was all about. 😶

On the 1 hour charts our 4 have pulled back and pausing for a fresh look at the order book to see if they might try a new assault on the recent lows or continue higher for more help/sellers/resistance. The daily Dow shows what a strong support level this has been in the past and the pin bar bounce would indicate it remains so.

Ya didn't see that one coming did ya. Canada Has Arrested Huawei’s Global Chief Financial Officer In Vancouver. China embassy in Canada demands immediate release of Huawei CFO. Canada has arrested the chief financial officer of China’s Huawei Technologies, who now faces extradition to the United States on suspicion she violated U.S. trade sanctions against Iran. https://www.theglobeandmail.com/canada/article-canada-has-arrested-huaweis-global-chief-financial-officer-in/

Worth a recheck of the weekly charts to put yesterday's drop into perspective. Dax continues to struggle, on top of the smoldering Italian banks story comes the ongoing 'too big to fail' Deutsche Bank drama with several raids on their head office over the last few days over corruption scandals too numerous to mention. On the Dax chart looking for a break above 11207 or a retest of 11137.

Thanks @Igstubbings

All gone for the gap fill following the Dow which is now attempting a bounce. The exception is Nikkei which over did it on data review reports leading to a revision down for end of weeks q/q GDP numbers. https://mninews.marketnews.com/content/mni-data-preview-japan-q3-gdp-seen-lower-weaker-capex

Hi @marksiqi, most likely cause is site permissions. At the top of the IG browser page in the url click on the padlock icon, click on Flash Allow, not Ask, (may need to go via 'site settings'), then exit and click on the banner prompt to Reload page.

Dow, Dax and Ftse look to be heading onward to retest the November prior highs while Nikkei attempts to break clear beyond the prior high. Daily charts.

Following the G20 summit gaps expected in indices and FX on open, these may well be gaps not expected to be closed early on. Talk on twitter of 'the beginning of the end' of the US/China trade war.

Just looking at the Weekend Dow price compared to the week close on Friday, Dow up around 260 points while Dax up around 100 points and Ftse up around 40 following the G20 summit. weekly Dow charts.

Hi @mbb1983, Knock-outs are an 'Options' type trade unlike 'Spread Bets' or 'Contracts For Difference' and so don't have the same limit and stop order type choices.

Worth keeping in mind the G20 meeting starting today and continuing over the weekend. Xi and Trump will be talking and twitter is wondering about the possibilities of an announcement on trade before markets re-open. Something to consider for any positions held over the weekend. Dow retested the prior low this morning, now looking for resistance.

Thanks Phil, there's no reason why you shouldn't add your thoughts though, all view points are interesting and all equally at the mercy of future events.

Coming into week and month end and Dow establishing a range on the 1 hour with Dax and Nikkei following suit. Ftse remains at the mercy of Brexit headlines. Waiting for European and London open for a guide as to whether the next move will be a test of range top or range bottom. 1 hour charts;

Thank you @Stewart, am pleased my posts have been of some assistance. The key as a retail trader is to join the ride between levels but to avoid the battle at levels, so identifying those potential battle zones is of paramount importance.