Caseynotes
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Posts posted by Caseynotes
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Very good vimeo presentation for longer-term investment traders who are looking to ride big trends on where to position a stop loss. Uses statistics to break down what is the best position in percentage terms using stock market data from 2000 on. Very revealing.
From Nick Radge (The Chartist).
'The Science of Stop Losses' 15 min. (Click on the blue tab to open new browser page)
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Interesting split as the Dax and FTSE break below their weekly support levels while Dow and Nikkei remain in touch with their highs. Early price action this morning suggests the Dax wants to go lower, the desync between the US and Euro/UK indices is a bit disconcerting. As mentioned in the APAC brief there is no scramble to safe havens in the US as yet so it's wait and see. NFP tomorrow may rearrange things.
Weekly charts;
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Wow, looking at the daily there are so many big gaps and on any day of the week too so a big mover on any kind of news and got a shot in the arm today from the news mentioned in @rimmy2000's last post. As you say though, the pattern looks pretty clear but I would definitely be keeping an eye on the co diary.
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The 8am London open yesterday saw the Dax run straight down nearly 250 points before staging a pullback. The 7am European open today Dax is testing yesterday's low - 12161, below that is the weekly chart support level at 12110 (red).
The other three are also looking for support with the FTSE trying to hang on to 7436 but a test of 7417 looks likely.
1 hour charts;
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Hi Guest Ron, the minimum deposit in the UK is £250 though with that amount you will be very limited in what types of asset classes and how much size you will be able to trade with. If you are just learning I would suggest opening an account with the smallest amount then practicing on a demo account where you will get a feel for what is the right amount to hold in your account for the type of trading you are looking to do and the assets you are looking to trade.
See this comparison guide for more info and links;
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Dow and Nikkei still have their bull flags intact while Dax tries again to lift up off 12298. FTSE looking to continue its move upward, currently at yesterday's high after a US session pullback.
4 hour charts;
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Thanks @Ed Crane, that one was very interesting and insightful plus great tips if you are about to pull a scam. I have seen Quoth the Raven (financial commentary) pop up on twitter regular and is entertaining but not listened to any podcasts so will tune when the charts are dull, thanks.
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Hi @Ozee, it's a new product still in development with IG implementing a staged rollout and seeking client input such as yours. Hopefully more pairs and other asset classes will be added before too long.
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I remember they very nearly went bust around 2014 and had to be saved by an Asian consortium. Very checkered history. Check the review sites and search complaints with emphasis on ease of withdraws of funds tends to be a good indicator.
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The indices are looking for support following the China/US trade negotiations fail. Dax trying to hang on to 12309 while FTSE saw a good bounce up off 7417.
4 hour charts.
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Thanks @Soulwake, very useful reference and link.
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Increasing chatter on twitter that a US deal with Canada looks increasingly likely by today's deadline.
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The point is that time and time again Muck uses twitter to convey a theme which is not always truthful and a lot can be read from them, as the recent short seller gaming story proved.
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So that call went wrong very quickly. Dax immediately dropped to challenge and break support on the London open and is now in the middle of a congestion zone the bottom of which is around 12290. Not dull at all but not clear what it's going to do from here.
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Musk is causing nearly as much controversy as Trump with his tweets, they are also just as revealing if you read between the lines, this one perhaps?
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Hi @unclerico, I see you have some quite good stock broker comparison sites in Australia and also note the huge difference in commissions charged between brokers. You will need to calc which is cheaper in the long run for your own frequency of trading.
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The 4 hour charts show all 4 indices trying to pick themselves up off support and the biggest risk (China- US trade war) subdued for the temporarily (Trump doesn't start tweeting til about 1pm UK time). So in the morning session will be looking for Dax continuation towards 12577 though being a Friday and month end and with a lot of uncertainty about it may well get a bit dull.
4 hour charts;
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Hi @DavidL, Ha, yes I did think the other poster was your self. I think your are broadly correct that the main risk is a drop in the stock and I was also going to suggest looking into the 'buy - write' schemes, but also be aware that these multi-legged transactions grow increasingly complicated and therefore so does the risk. I assume such schemes are delivered by specialist brokers though I am not too familiar with the details. If you are new to options I suspect the best way to learn is to start demoing basic single leg options first.
https://www.ally.com/do-it-right/investing/tips-for-writing-successful-covered-calls-part-4/
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Hi @DavidL, what type of account is that and what platform are you using?
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Tomorrow is month end and end of the holiday season, as things pick up will the early signs point to a break up and out of the weekly chart in the previous post, or head back down?
On the daily chart Dow and Dax have stalled the last few days. FTSE testing recent support and the Nikkei not will to go higher alone.
Dax stuck in it's recent range with the Euro open 1 hour bar suggesting a retest of 12497 initially.
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Hi @DavidL, I thought covered calls was an options strategy rather than a product, ... and just seen your link and it is. So what you are looking at is a strategy whereby you buy and hold a stock and sell options on it, you can do that on IG but I would respectfully suggest it is not really a strategy for someone starting out in options.
Also see;
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All a bit hesitant yesterday but a look at the weekly charts show Dow's continuing rise while Dax and FTSE moving up off good support and Nikkei pushing hard against resistance.
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5 hours ago, jabroni said:
"We are replacing our inactivity fee on share trading accounts with a quarterly $50 subscription fee."
Hi @PandaFace, I think the above quote from the first post is the problem, presumably the recent email to Oz clients supersedes the now out-dated terms.
Has anyone in the UK received any emails on this topic?
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Indices
in Indices and Macro Events
Posted
Dow continues in it's bull flag while the others are still looking for support. A look at the monthly charts shows a different perspective where the Dow is within striking distance of the highs while Dax, FTSE and Nikkei regroup.