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TrendFollower

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TrendFollower last won the day on April 16

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  1. Could the Easter weekend bring a bumper dose of price action for Bitcoin et al? Prices are looking solid going into this long weekend including Good Friday, Easter Sunday and Bank Holiday Monday. There could be a lot of interesting price action. Some of the best gains can come when one least expects. I suppose the same is true of the reverse in terms of losses!
  2. I thought this article was rather relevant to this thread. EU sugar rises as regional market tightens, world prices languish https://www.independent.ie/business/farming/tillage/eu-sugar-rises-as-regional-market-tightens-world-prices-languish-37992854.html The last paragraph in the article is rather interesting from a 'Fundamental Perspective'. Analysts expect the global sugar market to record a deficit of 1.9 million tonnes in 2019/20, but following years of surplus, stockpiles are plentiful, keeping prices stubbornly range-bound near decade lows.
  3. Are the 'Whales' going to continue swimming with the tide? 🐟 🦈 🐋🏊‍♂️
  4. @KatherineIG, Have a look at the thread which I set up a few weeks ago by clicking on the link below. https://community.ig.com/forums/topic/6508-lean-hogs-price-breakout-by-trendfollower/?tab=comments#comment-28817 You may find this both interesting and relevant to your piece posted today.
  5. https://www.ig.com/uk/marketanalysis/ig-commodities/carbon-emissions I had not noticed this before but under client sentiment it shows a range of how many IG clients have open positions in Carbon Emissions. Maybe it was there before but I had never seen it.
  6. I think any bad news released by the media could trigger some serious selling. If good news is released by the media then new highs could be made and a new future created by the price action of the Dow, S&P and Nasdaq.
  7. Gold's price action is very negative. This is an ideal scenario for shorting it in a short term basis. I think Gold will have further to fall. I include a chart below for illustrate this point. I do not envisage Gold going below $1200 but there is the risk of it falling below $1250. This could attract a new wave of buying pressure due to traders and investors thinking they are getting good value.
  8. Bitcoin hit $5320 overnight. As time moves forward the 52 week high for Bitcoin will decline. To illustrate the point based on today's current prices Bitcoin's 52 week high would be close to $10k. Now it simply is not going to hit that either this month or next month. However, if its 52 week high was say $6k then it is more likely to hit than on speculative capital, herd behaviour, trend followers, etc.
  9. @LudicrouslyLeo, I use the IG app every day on an iPhone with the new iOS 12.2 update and I am not getting any issues at all. I would suggest contacting the IT section of Customer Services within IG if they have one!
  10. Bitcoin seems to be going through a consolidation phase which could go either way in my opinion. Bulls wants to see $6500 and above and the bears want to see new lows being made. Bitcoin may spend quite a bit of time within this range until it decides what it wants to do.
  11. Well the Nasdaq 100 (US 100) is touching distance in making a new 52 week high. I include the chart below to illustrate this point. The question is that will this move bump into resistance or push on higher? Will there be a big drop or major correction? These are the interesting things that we are all about to find out.
  12. The one interesting thing I have noticed in the latest bearish price action for Gold is that it seems to be dropping more or less similar to Silver. Silver so far seems to be dropping less aggressively than I envisaged. I must admit I would have expected Silver to be going down for more aggressively than Gold. Don't get me wrong. They have both gone down and dropped considerably. The point I am trying to articulate albeit badly is that I expected Silver to go down far more and far quicker than Silver and this has not occurred so far.
  13. Carbon Emissions seems to be making new highs whilst Natural Gas is feeling bloated! They say a picture can tell a thousand words. Well the two charts above can demonstrate what the price has been doing and is doing currently.
  14. @Ham or should I say Tim? Jambo. Which part of Uganda are you from? Kampala? Interesting question. I did not think IG accepted clients from Uganda but I could be wrong. I too will be interested to see the answer to your question. @JamesIG, are you able to help here? I have found the following which are the countries that IG Group operate in: https://www.iggroup.com/about-us/where-we-operate Now I know this does not answer your question but lets see what James comes back with.
  15. @dmedin, I totally agree with you that Spread Betting is aimed at the retail gambler. The broker (house) is betting on them making wrong trading decisions and profiting. The house always has the stronger edge and the house always wins. The statistics show this. However, to counter my own argument I have heard the argument that Spread Betting platforms like IG need traders to be successful in trading so that they keep placing more trades thus earning them more money. I do understand this argument as well. This is why I keep on stating that when Spread Betting one must only trade with the strongest trends and not against them. That is the best chance a trader has to be involved in a profitable trade and a successful outcome. Anything else in my opinion is more towards gambling. All trading has an element of speculation but with the right conditions / environment and certain signals one can use this to stack the odds slightly in their favour and increase the probability of a winning trade. No guarantees of course. Spread Betting allows the use of leverage. With sound risk management, if leverage can be used effectively it can enhance profits.
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