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TrendFollower last won the day on December 11

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About TrendFollower

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  1. TrendFollower


    @demon1962, You really should not be posting a copy of your passport here on the IG Community for the potential of 'stealing' or 'hijacking' your personal information for the use of fraudulent activity. There could be 'identity theft' implications. It has your 'photo', 'date of birth', 'full name', 'signature' and 'passport number'. @JamesIG, please can you remove this passport picture immediately?
  2. TrendFollower

    Dividend Reinvestment

    If IG are not answering your questions on this then what does that tell you? This simply cannot be a priority for them. What is the solution? Switch your investments into another broker that does offer DRIP and any other things you are looking for.
  3. May I ask why you even considered IG for your Equity Investment ISA in the first place? You all are fortunate to have enough good options available. I for example only use IG for spread betting to take advantage of the tax free profits and leverage. I don't use them for any other part of my investing or trading portfolio and nor am I obliged to. You can all use what ever broker you wish for which ever part of your portfolio. There really are quite a few good options out there. No broker is perfect and there will be pros and cons but you will need to weigh these up and make an informed decision.
  4. TrendFollower

    Potential 'Long' Gold Trade

    I have shared some very basic technical analysis with you all but I wanted to just discuss some of my fundamental analysis but using 'simple' and 'basic' English as I appreciate that there will be a lot of new traders who have very little experience to people from different countries whose first language may not necessarily be English. It is widely reported that the price action of Gold will be influenced by the US Dollar. If the US Dollar weakens then it will be positive for both Gold and Silver. The US Federal Reserves Monetary Policy will also be a key driver. Its interest rate policy will play an important part. I find it interesting to see what Hedge Funds are doing. I appreciate they get a lot of bad publicity but they hire some of the smartest traders. They do make mistakes and get things wrong but on Gold and Silver they tend to be pretty savvy. It was reported that Hedge Funds and money managers trimmed their net short positions in Gold and Silver contracts last week according to the US Commodity Futures Trading Commission (CFTC). This could explain a part of the reason for the recent price action in Gold as shorts are closed. The volume has not been enormous but when long positions increase the volume could follow. Patience will be key.
  5. TrendFollower

    Potential 'Long' Gold Trade

    @Caseynotes, Thank you very much for your kind words but I hope I do not need any luck on these trades. I try not to rely on 'luck' or 'hope'. I know that is not what you meant and are just offering your kind support but there are traders that do rely heavily on luck and hope. These are 'poison' words for traders. I believe in trading with the trend as much as possible and trying to trade in a manner where the odds and probability are in your favour. This includes fundamentals lining up with the technicals to create that trading environment in Commodities that I tend to look for. I have had a good year in 2018 with Commodities on Orange Juice and Lumber but that does not necessarily mean that these Gold and Silver trades will be profitable I do wonder if I had waited as Gold and Silver have both dropped slightly since I opened my trade earlier today but if one thinks like that then it becomes very difficult to enter positions. One merely ends up sharing charts and conducting detailed analysis and finds a reason not to trade rather than actually trade. As a trend follower, I want to catch the big chunk of the trend in the middle. If I can achieve this then I will be happy. As to how long these trades will be then who knows? I am in until the trend changes and this could be a few days, few weeks or even a few months. I am expecting Silver to really rally towards the $15.00 level to catch up with Gold's chart. Silver is known to be like Gold but on 'Steroids' during a precious metal bull run. Silver tends to amplify any price action in Gold both on the long and short side. This is one of the reasons why I opened long positions on both Gold and Silver rather than use increased leverage on just one of them. I do see them both moving in tandem for the time being as I have not seen anything to suggest otherwise at this point in time.
  6. TrendFollower

    Potential 'Long' Gold Trade

    @Caseynotes, Thanks for this. Much appreciated. I have just opened a 'long' position on Gold at $1248.96 and a 'long' position on Silver at $14.68. These are initial small positions and both are via 'Spread Betting'. I will then add to my positions as the price increases and if the trend reverses or the trades go against me then I will be out, attempting to minimise my losses. I am sharing these two live trades with the IG Community as I think to really increase the value of this IG Community this is needed and necessary. If I exit these positions then I will try and explain why I exited the positions. If I add to my positions then I will try and explain my rationale behind such decisions.
  7. TrendFollower

    Potential 'Long' Gold Trade

    The problem I have this morning is that Gold could continue going upwards and my prediction of a higher low around the $1225 - $1230 level does not materialise or it does indeed correct. Now if the latter happens then I know exactly what I am going to do. However, if latter does not happen then what do I do? Buying with the strength of the move means that you are buying with the trend in this case. I will keep a close eye and may have to adapt my strategy depending on the price action going forwards. I may not be fortunate enough to get back in at $1225.00 to $1230.00 levels in which I case I need a clear strategy and plan in terms of how I enter this potential Gold trade. For me if Gold was to revisit $1250.00 then I would buy into this strength and initiate a long position.
  8. TrendFollower

    Potential 'Long' Gold Trade

    @gautamhait, It seems Gold has made a new higher high. This repeated pattern can be used to conduct any predictive analysis which is merely assumptive based on historical price action. It does not necessarily mean that future price action will perform the same way. As I have stated in a previous post in this thread that I think a new higher low will be made around the $1225 - $1230 level. If this happens then I will be initiating a long position and then add to my position as the price increases near around the next higher low level. There is risk in this particular strategy as if the next higher low is the beginning of a trend reversal then it could eat into any profits so one must monitor price action on a regular basis and basically live and breath the price acton of Gold whilst in the trade. In terms of price target I do not have one and nor can I even predict one for Gold. I am just letting price action tell me the 'story'. I personally think that if Gold can stay above $1250.00 then it will try and go for $1300.00 as Commodities love round 'psychological' numbers and the Hedge Funds, Speculators and Trend Followers will ensure it gets there. So my price target would be $1300.00 in the first quarter of 2019 or at least by the start of the second quarter of 2019. Please do not take this target with any certainty as I am merely answering your question. I do not know what will happen going forward and I do not have a 'crystal ball' but upward trends tend to last a lot longer than one thinks. The aim is to stay in any long term trend as long as possible and only exit when there is a clear trend reversal. In this instance the trailing stop should execute a nice profitable exit.
  9. TrendFollower

    Potential 'Long' Gold Trade

    Gold hit $1251.42 and is now trading at time of writing $1248 so it will be interesting to see if this goes down towards my target now?
  10. TrendFollower

    Strong Ethereum - Litecoin & Ripple Weak

    @cryptotrader, I hope traders have been shorting Cryptos and holding on to these short positions rather than selling early. If you have given up on Cryptos after January then you may wish to change your name from Cryptotrader to something else? Just a thought as you do not seem to be trading Cryptos on the short side but please do correct me if I am wrong and you do hold short positions. People can be biased on the negative side of Cryptocurrencies so it works both ways. Why would you not touch it as it goes below all the moving average (different timeframe) indicators and shorting such Cryptos? The one thing I continuously see on the IG Community is traders looking at 'long' trades. I just do not see enough discussion on 'short' trades especially when the price action and behaviour is telling us a very strong narrative and story. I am positive on Cryptocurrencies as many of you will know but one simply cannot argue against the downward trend and downward price action / behaviour. So therefore as a trader one must 'short' such opportunities. I do not quite understand your puts up hand - cries comment. What are you specifically referring to?
  11. TrendFollower

    Crypto Markets are closed?

    This question has arisen several times now by different members. I remember posting such a question myself around a year and a half ago. You may find answers provided by IG on previous posts. Ideally you would want the Crypto markets to be open 24 hours and we may get there but in terms of other asset classes such as Shares and Commodities are all shut at some point within the week. Crypto is open longer during the week than Equities and Commodities so from a trading perspective that is great.
  12. TrendFollower

    what do other providers do better than IG....?

    @cryptotrader, it is an interesting question. The obvious is that some of IG's competitors offer lower spreads. This in itself does not mean they offer a better platform or a better service. For example how many have anything like what we together have created here - IG Community? I still think IG Community has a lot of potential to grow and improve as it is the same few who are posting and trying to add value to the IG Community. There are too many members that are 'passive'. IG has an established brand and operates in numerous countries around the world. It is listed on the London Stock Exchange and is a profitable business. 79% of retail investors lose money when trading CFD's and Spread Betting with this provider. This means only 21% make money when trading CFD's and Spread Betting with this provider. What we need is that 21% participating 'actively and proactively' in the IG Community to really add value and improve other traders. IG Community needs them to share their experience, knowledge and live trades as this would help newer traders and also improve the number of new trades being opened thus IG benefiting financially.
  13. TrendFollower

    Permission to Trade

    @FinTech, I think this is a question more suitable directly to IG Customer Services rather than on here. You may wish to e-mail IG Customer Services or send them a message via the IG website.
  14. TrendFollower

    Strong Ethereum - Litecoin & Ripple Weak

    @Situation, The most 'efficient' and 'effective' trade based on price action for all of the Cryptos that IG offers on its platform was to short them. Now the amount of leverage to use would have been based on traders personal risk management strategy. I would like to think those who do follow price action and trends would have shorted at least one of the Cryptos. So there has been a big trading opportunity in Cryptos and a big opportunity to short and make profits. Markets go up, down and sideways. Traders seem more comfortable going long than they do short. I find that when you get the 'short trade' correct it can make you profits far quicker than a 'long trade'. Markets trend upwards longer than they do downwards in terms of time period. I still believe in Cryptocurrencies and once it has bottomed, there will be a more slower but stronger rally for those that survive. We should see the junk be annihilated. Those that survive should then enhance their offering, increase transaction speeds and become more efficient in dealing with the payments and transactions for goods and services for the world going forwards. I think there will be a bigger movement in 'Tokenisation' and some of you will have seen me use 'Tokenomics' and 'Token Economy' in my posts. This will be a long journey with lots of adaptation and change. We are merely only at the beginning of the journey and this journey will be formed over many years. Patience, an open mind, lots of reading and research on the area and to ignore some of the bias media and 'market noise' is required to truly appreciate Cryptocurrencies, Blockchain, Tokenisation and a move towards Digital Currencies for Central Governments around the world.
  15. TrendFollower

    Is the NASDAQ available?

    @PhiloBeddoe, If you click on the 'magnifying glass' search and type 'Nasdaq' then you should get all the options available to trade such as the US Tech 100, etc. There is a whole page worth.