Caseynotes
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Posts posted by Caseynotes
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Interesting stats from the demo re margin requirement, account size and the much too big bet size (£50/point).
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So far so good on the £10,000 demo ?
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Yeah, was just looking at your pic, what did you click to bring that up? a year seems somewhat excessive. It also says the min size is 1 but it is 0.5 though that is on demo.
Forgot to mention the with the Dow at £0.5 min bet size the KO was 270 points.
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They all seem to have a min bet size of £0.50 even Dow.
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So the expiry on the Dax is 10 days (look at top left of chart next to chart name). And being a fixed stop the deal ticket will be rejected if you choose too large a bet size for your account size (margin already set).
The info popup after place a trade requires speed reading though if you click on it it will stay up.
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On the new platform under fx on the left hand side bar.
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Dow hoping for support off 25500 while Dax looks to have rebounded off the recent trend line. FTSE climbing into stacked resistance levels while Nikkei trying for another leg back up to 22789.
4 hour charts;
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HI @Kazeko, I don't trade the Nasdaq but included the post on it a week ago as it made an all time high and many think it is something of a leading indicator for indices. If I were a long-term trader (which I'm not) I wouldn't be trying to pick the highs. The uptrend prevails and with no resistance levels ahead where the bears might ambush price dip buying is the only play until the bears have shown they have taken control.
I look at the Dow every morning as it is often a leading indicator for the other global indices then I look at the Dax as that is the one I'm going to trade. If the dow looks bullish I would be looking for similar signs in the dax but more importantly I am looking for price to move from one support/resistance level to the next on an intraday basis.
This morning there were mixed signals but if you look at yesterday's dax post price was moving up off clear support and the target was also clear and that was indeed how the day transpired.
So I don't really try to make predictions, basically I'm looking for clear direction with a clear target then I'm looking for an opportunity to jump aboard.
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The Dow managed to break up into some clear space yesterday and Trump talking up GDP 'may be in the 5's next quarter'. FTSE, Dax and Nikkei still have some resistance overhead. Interesting weekly charts;
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We all did what we could back at the end of last year when over 14,000 wrote to protest but it made no difference.
ESMA introduced the new regulations with a view to protect retail and indeed many like the negative equity protection, in fact this was FxPro's unique selling point for many years. Anyone who watched the Swiss bank pull the peg in Jan 2015 and saw the carnage done to thousands of retail clients will appreciate why many welcome it's introduction.
The thrust to any new protest should be directed solely at loosening to some degree the new draconian margin requirements, that would stand a better chance of success than trying to get the whole thing overturned.
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Hi @Medusa123, there is the FCA and the Financial Ombudsman Service both of which are there to make sure the rule of law is applied fairly and can adjudicate in disputes, the snag is that the EU via ESMA have just changed the law.
You might go to either the FCA or FOS if you thought IG were not applying the new EU regulations appropriately but not because IG was actually adhering to them.
The problem is encroaching EU authoritarianism, not the FCA or FOS or IG.
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Today looking for the Dow to continue higher to retest resistance at 25590 and drag the others with it.
4 hour charts;
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41 minutes ago, JohnRoxton said:
was told by a US firm that the rules will still be applied to me by them as I am an EU citizen.
Not surprising @JohnRoxton, given that even UK brokers were slow to come up with simply opening new accounts for those who wanted them, that US brokers probably have not even looked into the possibility.
The article above talks about the Pareto principle as applied to broker's clients but surely that doesn't mean small retail clients are actually undesirable, everyone has to start somewhere, right.
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The first article in the series (linked in the previous one) is just as interesting and offers insight into how brokerage firms are responding to esma.
https://www.financemagnates.com/forex/analysis/esma-professionalisation-retail-industry/
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Interesting article here that touches on the problems brokers are having interpretating esma's rules on professional vs retail clients and one firm that's looking to help smaller brokers comply.
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The Dow stays in touch with the weekly resistance level 25590 and hoping for some relief in the trade war with China to give it a boost.
Daily charts;
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Anyone remember what year the minimum bet size went up from £0.50/point to £1.00/point, ... about 2013 I think if memory serves.
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Lacking direction with the Dow at top of range, NFP this afternoon may decide a breakout or another leg down.
Daily charts;
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Betting terminals review hits profits;
https://www.ft.com/content/8401e72a-9660-11e8-b67b-b8205561c3fe
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You were meaning 10p min bet size same as mt4 but so was I, either changed recent or I'm going mad.
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Hi @elle, see this post from Saturday. We await with anticipation;
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Don't look at the Dow, you'll have a heart attack.
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Bund having broken out of it's month long range also breaks support at 16052 and on to retest weekly support/resistance level 15922.
Still really assessing how this chart moves, so far looking well behaved with deliberate well controlled moves.
Daily and 1 hour chart;
Daily.thumb.png.16106b1c4ece0bb8ed9f3d3ef7bdadc9.png)
H1.thumb.png.deae393deec881780e26b556ec756bac.png)
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Very good interview with Sean Corrigan. Very quick fire discussion on Austrian Economics. Covers a lot of ground;
Hayek vs Keynes. Sentimentals and fundamentals. The econ crisis. Central banks. The next crisis. Blockchain and crypto. Capital controls. Govt controls. Cashless society. Carney and rate rises (ha). Gold and ETF's. Current situation and inflation and interest rates.
About 1 hour.
https://www.cobdencentre.org/2018/08/state-of-the-markets-podcast/
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New: Knock-outs
in Feedback and Suggestions
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I think the movable 2nd stop proposed feature will make a big difference to the appeal factor. My demo £1,500 profit has turned, overnight, into a £400 loss.