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Caseynotes

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Everything posted by Caseynotes

  1. ? IG announce margin increases for FTSE and GB pairs on Brexit ref dates? 
  2. Good comparison chart showing the anatomy of previous break downs of the S&P and where things stand at the moment. Arrow shows current position (blue), still early days. 
  3. Yes i have dipped in and out long on this one. For me the reversal up came on May the 3rd, found support May 4th, confirmed support May 6th and continued up thereafter, found higher support at 10980 yesterday (on top of that gently sloping channel May 11 to 18). All as per your 4 hr chart. From here I would like to see it break through yesterdays high of the day, return and fail a re-test of that level where i would look to enter again as there is nothing in the way till 11200ish. That's as i see the chart in isolation, if this is a retrace I would not expect it to go any higher, in fact
  4. To be honest I don't think I have ever traded gold. Not sure why, possibly because whenever it's in the news it's done something dramatic. I always prefer a well behaved chart, like USDJPY USE to be, ha.
  5. Yes, I think there is a lot of head scratching going on at the moment in both the indices and the USD. And the commentators have been talking a lot about the lack of credibility of the Fed and their actual ability to do anything anyway. If you missed it, this meme was doing the rounds yesterday, from someone at the BOA. If even they don't have a clue ... 
  6. Good point, but it does mean you will get differing views, but as I was suggesting previous that is also a good thing because there really isn't any right or wrong so being aware of all the possible permutations as future reveals itself means we are able to quickly shift our stance. Nothing loses money faster than unshakable belief. Even if we did predict correctly to begin with it was still only probability. So a pulled back 1000 tick chart shows a handsome triangle with a meaty weekly support/resistance level running right through the middle of it. Price bounced off the triangle support
  7. Thinking of entering a trade? 1/ Wait. Have patience. 2/ Expect. Know what you are looking for. 3/ See. Confirmation. 4/ Execute. Follow the plan. It is good advice that novice traders (I still consider myself a novice) should choose one high probability setup and practice it over and over. Why? Because the two big problems of actual trading for the novice are psychology and execution (everything else can be got out of TA for dummies . Concentrating on one setup will more quickly build up proficiency and confidence. High prob setups are less common so you may well need to sca
  8. S&P Daily. Pin bar bounce off support but little room to move. Not much on the calendar today likely to give it a push in either direction. 
  9. Maybe it's all just a game were playing, but how long can they spin it out for? 
  10. Another gold chart, I captured this as I was reminded of  post on trend line break but knew it was different, another reminder that we all do even the basic tasks differently and on different time frames so there is no wrong or right. Any one of a number of scenarios may be played out so we all need to be aware of possible alternatives. If this version of future predictions proves correct the buy zone in 's chart at 1210 won't get triggered. Glad I looked because i had missed  prior post on a gold conference he attended, good stuff. 
  11. Look, some are starting already ... 
  12. Dollar may consolidate here before a concerted push higher or lower. 
  13. Interesting weekly oil chart ... 
  14. S&P 500 plenty of room below, one to watch ... 
  15. Yes and it's not a pretty sight ... 
  16. S&P; chart vs earnings ...  
  17. Just released IPOS Mori poll boosts GBP. 55% Remain 37% Leave. Brexit The Movie link if interested (1hr12m);
  18. Report of a large option expiry capping audusd from ForexLive ... 
  19. Hi  I can understand the problem especially when English isn't your first language. All platforms are different and that's exactly what demo is for, to experiment with and decide which platform is a best fit, you will find probably none are a perfect match for your needs. Personally I don't collect too much data, instead I just keep a simple journal (spreadsheet) and use the chart itself to give a basic over-view. Do check out the different IG platforms (including the IG version MT4).
  20. Dollar Index within striking distance of major resistance and FOMC minutes released today. Eurodollar heading down from major resistance at 11600 and Cable failing at minor resistance level just above 14500. All adds up to the possibility of some big moves today. 
  21. Professional forex trader/mentor Nial Fullar announced as the winner of a million dollar trading competition. https://www.axitrader.com/au/market-news-blog/axitrader-news/2016/05/million-dollar-trader-winner-announced?promocode=430846 Talks about trading in this prior interview. Theme 'keep it simple'. (10 min) http://www.learntotradethemarket.com/nial-fuller-forex-bio Uses simple pin bar bounces off MA in a pullback or at support/resistance levels. No other indicators. "Set stop and target then walk away" (from interview) http://www.learntotradethemarket.com/forex-trading-commentar
  22. Hi  Along the same lines on twitter ... 
  23. Yes, nice article. The temporal relationship between the Nasdaq chart and household net worth chart is very interesting. And that the first bubble to burst was through good old boom and bust speculation but the last one and the next one caused (will be) by politician/central banker meddling. Interesting too that he expects an unforeseeable event to burst the bubble rather than the sheer weight of the mountain of debt. https://t.co/aiH5IvGYnW Great cartoons.
  24. Many Euro markets closed today (except France) may see the Euro drift this morning, possibly higher as the DX pulls back after a strong week. 
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