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TrendFollower

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Everything posted by TrendFollower

  1. I have just found this which may explain the sharp increase in price for Ether out of the blue. Regulators Ready to Approve Ethereum Futures, CFTC Insider Says https://www.coindesk.com/cftc-would-approve-ether-futures-if-asked-insider-says
  2. It is 5:00 pm UK time and Ether has just shot up in price and hit $175.10 from out of now where. I include the Ether chart below. It really does seem to be under the radar but prices are rising. Ether is trading above its 20, 50, 100 and 200 DMA but there issue I have is that they are not sloping upward so the trend is not really strong yet. I think there is the potential for $180, $190 and $200 but it will depend on how Bitcoin performs and how Cryptocurrencies perform as if they begin to accelerate upwards in price then Ether will follow. If they crash downwards then Ether will follow. Ether does not seem to be leading on the race upwards or downwards at the moment. It seem to be in 'Following Mode'.
  3. @draa46, If you look at the 'Weekly' and the 'Monthly' charts then you will see that there could be further downside. As you can see from both charts the potential is there for further downward movement. If it keeps on making new lows then this is what a Trend Follower wants to see from a 'Short' trade. Ideal weather conditions in the state of Florida continues to accelerate harvest and if you add supplies that we haven't seen in several years so there could be more downside than one expects. The key will be demand / supply and right now along with the weather conditions. For those holding short positions I would recommend continuing to hold until there is a clear trend reversal to the 'Long' side.
  4. Platinum could be readying itself for a breakout and its chart certainly looks more bullish than Palladium, Gold and Silver.
  5. @draa46, Yes it is quite possible that the bottom may be in but none of us simply know. It could retest the $30k level or possibly break below it. Time and price action will tell us the answer going forward. Any rise in interest rates could pose a problem for Lumber prices increasing. With the US GDP Growth and unemployment figures giving the US Fed room to increase rates should such strong figures continue to be announced. The Lumber futures market is not known as a liquid market so for traders going both 'Long' and 'Short' remains full of high risk. In fact Lumber is most probably one of the most illiquid markets within Commodities. What we have seen is an all time high followed by a brutal correction. For anyone who is a value investor or even a long term value trader then there is an opportunity to go 'Long' on Lumber.
  6. Funds dig deeper into bearish CBOT bets as heavy stocks, trade war weigh https://uk.reuters.com/article/cbot-grains-braun/rpt-column-funds-dig-deeper-into-bearish-cbot-bets-as-heavy-stocks-trade-war-weigh-braun-idUKL2N22I042 Rainy planting prospects help corn, hurt soybean futures https://www.foodbusinessnews.net/articles/7-rainy-planting-prospects-help-corn-hurt-soybean-futures
  7. As you can see from the chart below that Soybean Meal has continued to decline albeit at a slower pace than on prior occasions during this longer term downtrend.
  8. There is a breakout for KR1 PLC (formerly known as Kryptonite1 PLC). http://www.nexexchange.com/member?securityid=2074455 As you can see from the link above this is supported by increase (spikes) in volume. https://www.stockopedia.com/share-prices/kr1-OFEX:KR1/
  9. Also continuing from my own previous post (above) XBT have also released XRP Exchange Traded Product (ETP). CRYPTO EXCHANGE TRADED PRODUCTS https://xbtprovider.com The US is very much behind when it comes to Exchange Traded Products for Cryptocurrencies. Scandinavian countries are showing the US how it is executed.
  10. @Invis, The amount of times this question has been raised is beyond ridiculous. Lots of other investors have raised this very same issue. At this moment in time you cannot set up a DRIP with IG. I would like to see investors conduct some research and if they require a DRIP facility to establish beforehand that the broker they are choosing offer this service and not make any assumptions. For example there are many brokers that do offer this service and therefore it is not difficult to establish which do and which do not. Spending time researching prior to making a decision on which broker to use would eliminate a lot of investors even having to ask this question. Choosing the right broker is also an important part of the investment / trading plan.
  11. This news was coming but the question was when? A very large institutional investor getting involved in this area and offering Cryptocurrencies to its clients. Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks https://www.bloomberg.com/news/articles/2019-05-06/fidelity-said-to-offer-cryptocurrency-trading-within-a-few-weeks
  12. A lot of traders and investors avoid Bonds as they simply do not understand them or find them boring. One of the key concepts to remember in relation to really grasping the value in Bonds is the inverse relationship between price and yield. One must understand and try and appreciate how much a Bond's price may move when interest rates change. Trump is one of those US Presidents that is able to move markets through the news his 'Office' and himself directly release to the market. The latest which is the possibility of raising tariffs with China has seen US markets take a tumble and Bond markets rise. Now Trump may have no intention on raising tariffs with China (I do not know) but it is irrelevant as it is the news released to the market which then causes the subsequent price behaviour in certain asset classes.
  13. Ripple has been rather quiet when one compares the price action to Bitcoin Cash, Litecoin and in fact Bitcoin. Ripple seems to be trading around the $30 market and it seems $40 is far too much for it to reach at the moment.
  14. Tokenized Securities Exchange Currency.com Launches to the Public https://www.coindesk.com/tokenized-securities-exchange-currency-com-launches-to-the-public
  15. Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year https://www.coindesk.com/as-gold-prices-stumble-inverse-correlation-with-bitcoin-reaches-14-month-high
  16. @FOXY, I have but in different threads. Also I work full time for a living! I am an active contributor to the IG Community but there really is only so much I can post. You will find my posts on Orange Juice on other threads. I also post actively on other Commodities and Cryptocurrencies. It is all about time!
  17. @Turnip230248, I believe both the S&P 500 (US 500) and the Nasdaq 100 (US 100) both have lower margin requirements than the Dow (Wall Street) on IG's UK Spread Betting platform. So as Caseynotes kindly highlights above for a £0.50p per point trade either on the long or short side the margin requirement would be around £662.57. Obviously this will fluctuate very slightly.
  18. @LIMZT, I use an iPhone and the IG App on it. I must admit I would find it tricky to draw trend lines on my mobile app. Maybe it is just me. I would much rather do it on a laptop or computer. In fact for any charting I prefer using an actual machine such as a computer or laptop. I do not like viewing charts on the IG mobile app for the iPhone. For me the user experience and options are far greater on a computer than on a mobile device. This is just my personal opinion. I am sure others will have differing views on this.
  19. This article is particularly relevant to this thread. Trading the Gold-Silver Ratio https://www.investopedia.com/articles/trading/09/gold-silver-ration.asp Here is another article from our friends the DailyFX! Trading the Gold-Silver Ratio: Strategies & Tips https://www.dailyfx.com/gold-price/trading-the-gold-silver-ratio.html
  20. @Caseynotes, Oh ok. Thanks for that. I suppose that is the most ideal time so it makes sense.
  21. @ritahal, For any positions kept overnight in a Live Account will incur overnight charges for the privilege of doing so. The only way to avoid them is to sell before 10:00 pm on the day you open any position and day trade.
  22. @Xing, I had a similar issue on a live account around 12:00 - 12:30 am UK time but just checked now which is around 5:30 am UK time and everything seems to be fine.
  23. In this latest Crypto recovery it seems Bitcoin may start the rally but Bitcoin Cash and Litecoin seem to be leading the way in terms of returns
  24. In this latest Crypto recovery it seems Bitcoin may start the rally but Bitcoin Cash and Litecoin seem to be leading the way in terms of returns.
  25. So Bitcoin is up around 6% at the time of writing and hit $5815 today and this with the Japan shutdown! Bitcoin is bullish and the trend is getting both stronger and gaining momentum. I think $6k is on the cards but Bitcoin will face stern problems between $5.9k and $6.1k if you look at the 'daily' chart. From a fundamental perspective, Bitcoin, has some positive drivers right now in increased volume and usage albeit not where near the levels required but these things take time. This is supported by price action right now as well. Caution: Bitcoin is still in a long term downtrend until it hits and stays above around the $6.5k level.
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