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TrendFollower

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Everything posted by TrendFollower

  1. TrendFollower

    IG US Startup

    @Caseynotes, That is very interesting. So does this mean UK IG Clients can trade FX using US account? What would be the benefits? Reduced FX charges?
  2. TrendFollower

    IG US Startup

    @Caseynotes, Ah I thought DailyFX was familiar but could not put my finger on it. Many years ago I used to use FXCM. I may still have an account with them. It will be interesting to see the revenues generated from the US market and how much impact this can have on IG's overall turnover.
  3. @JamesIG, I have an interest in both Emerging Markets and Frontier Markets from a long term investment perspective to create wealth through capital growth. I do not want to trade Emerging Markets. I only want to invest in them and invest in Frontier Markets. I see Gavin Serkin is involved in Frontier Markets yet this GEM Chat does not really mention anything to do with Frontier Markets. Africa is the last large Frontier Market which has huge potential in the future to become an Emerging Market should it seriously reduce corruption, improve living standards, create jobs, create vibrant economies, improve education, reduce poverty, etc. I have invested in both Emerging Markets and Frontier Markets for many years now and believe these increase the chances of an investment portfolio performing better and more profitable over a longer period of time. Here are some articles which may be of interest to those who are interested in Frontier Markets on the IG Community: Frontier markets offer high growth and low valuations https://www.investorschronicle.co.uk/funds-etfs/2019/01/31/frontier-markets-offer-high-growth-and-low-valuations-but-at-a-high-risk/ 'Fortune and glory, kid': the untapped potential of frontier markets https://citywire.co.uk/wealth-manager/news/fortune-and-glory-kid-the-untapped-potential-of-frontier-markets/a1191427 I personally like Asian Frontier Markets and African Frontier Markets. @JamesIG, I do not really have any questions but may well listen to the broadcast to see what if anything they suggest in relation to Frontier Markets. The one thing I do know is that they are long term investments and extremely high risk investments. I am not sure what if anything they can offer me so hence cannot really come up with any questions. I have been disappointed before on the Cryptocurrency broadcasts where they waffle and do not tell us anything some of us already so not know. I suppose these broadcasts are more for new and inexperienced traders? Anyway please do let us know when the broadcast can be viewed as I am sure some of us will forget!
  4. @Merly, Please do not take any of my comments personally. First of all, actively trading for a while does not mean anything unless you have a 'Trading Plan', 'Trading Strategy' and a 'Trading System'. I agree with you that the spreads on Cryptocurrencies are ridiculous. Therefore one should really only trade them when they are trending strongly otherwise it is like throwing your money away. One should trade the strong trend and let their winners run and not exit too early. On the flip side one must exit their losers very quickly. The smart trade over the past 12 months has been to short all of the Cryptocurrencies that IG offers. If one had just held their positions for 12 months then even after any charges their positions would have been extremely profitable. IG's Spread Betting platform offers 'Trailing Stops'. I would not trade profitable positions without them. I only use my profits from my investment portfolio to trade and have adopted this strategy over many years. 19% of retail investors make money when spread betting and using CFD's on IG's platform. What would be interesting is to understand over what period of time this statistic relates to? How many traders does this include? Breakdown of assets they are trading would be useful. This vagueness from IG shows a lack of transparency. No one forces anyone to use IG or any other trading platform for that matter. We all do so on our own accord. If we do not like IG's platform then we should not use it. What may not work for one may work rather well for another.
  5. TrendFollower

    IG US Startup

    @Caseynotes, That is interesting. It seems IG has sensed an opportunity in the US.
  6. TrendFollower

    US 500 - Potential Shorting Opportunity

    One of the key things to do is identify whether the trend weakens. If one does notice then one must follow the price action to determine an entry point for any potential 'short' trade. At the moment for me if the US 100 goes above the 7072 level then this could be a more serious rally than I thought rather than just a relief rally but we shall see. I have no idea which way this will go but the Fed announcement along with if there are positive US-China trade talks with positive earnings we could continue with this rally for longer than one envisages.
  7. TrendFollower

    Some simple and basic 'Fundamental Analysis'

    The US Federal Reserve announced it would not be raising interest rates. https://www.nytimes.com/2019/01/30/us/politics/fed-interest-rate.html https://www.wsj.com/livecoverage/federal-reserve-january-meeting-2019 Traders add to bets against further Fed rate hikes https://www.reuters.com/article/us-usa-fed-futures/traders-add-to-bets-against-further-fed-rate-hikes-idUSKCN1PO2OG
  8. TrendFollower

    Live Cattle & Feeder Cattle by TrendFollower

    I would not suggest going 'short' just yet but be ready for any trend reversal as this will be a nice shorting opportunity when it arrives and it will as profits are taken, stop losses triggered and new shorts opened. This will lead to a sharp drop amplifying the move downwards as so often seen in commodities. The commodities market has always had a reputation to entertain the speculators!
  9. TrendFollower

    Smart Money - Precious Metals

    Looking at the trends for Precious Metals right now with the Hurricane and North Korea missile launched then it seems the smart money is going into Precious Metals. Gold, Silver, Platinum and Palladium are performing as one would expect. There may be a short term play here where profits can be made. What will be interesting is how Bitcoin performs now with the news that North Korea launched missile. Last time around it shot up. Lets see what happens. There is a nice trend on Copper too! The doctor is performing.
  10. TrendFollower

    Smart Money - Precious Metals

    A bullish narrative is presenting itself for Precious Metals. I think we have witnessed large institutions beginning to reposition their portfolios by increasing their allocations towards Precious Metals.
  11. TrendFollower

    Potential 'Long' Gold Trade

    Gold and Silver have both flexed their muscles this evening once the US Federal Reserve announced it was not going to raise interest rates. Both are absolutely flying. It is amazing the impact the US Federal Reserve can have! I hope many of you are trading both Gold and Silver in terms of 'short term', 'medium term' and 'long term' at this moment in time? It does not matter if you are a day trader. You can day trade both Gold and Silver at the moment. If you are a longer term trader then you can also take advantage on the 'long' side. These opportunities in the likes of Gold and Silver do not come that frequently so one must pull the 'trigger' when such chances arrive.
  12. TrendFollower

    US 500 - Potential Shorting Opportunity

    The US Federal Reserve has announced it is not going to raise interest rates. This has launched 'rocket fuel' for US indices at the moment. 6:55 pm - five minutes before 7:00 pm the fire was lit! We are witnessing the explosion. But after all fires there will be a period of smoke, firefighting and then the fire will be tamed...Enjoy the 'long' ride for now and the price action is allowing quick profits to be made and with leverage one is able to take advantage at such short term trading opportunities.
  13. TrendFollower

    US 500 - Potential Shorting Opportunity

    At the moment US indices in general such as the Dow, S&P and Nasdaq are all rallying hard. The price action and chart clearly shows this. As I have said many times never trade against the trend so at the moment a short play is just far too risky and I would not advise it. I will be shorting the US indices but only when the price action dictates and a sharp drop/correction will be coming as profit takers exit positions, stop losses get triggered and fresh short positions enter. It will be quick and sharp but I am anticipating that it will arrive. At the moment just enjoy any long positions on the US indices but take profits more quickly as the reversal could come when you least expect and it could come soon.
  14. TrendFollower

    Potential 'Long' Gold Trade

    Gold and Silver are both holding up rather well and have not lost any of their recent gains yet. There will be a sharp correction (drop) make no mistake but they both seem in bullish mood at the moment to shine!
  15. TrendFollower

    Strong Trend for Lumber

    The trend is your friend as they say! The trend is getting stronger and stronger and momentum is really building. The price action is upward and sharp. Lumber up another 1500+ points today.
  16. TrendFollower

    Strong Trend for Lumber

    Lumber finished yesterday at around 40300 level.
  17. TrendFollower

    US 500 - Potential Shorting Opportunity

    The S&P 500 and Nasdaq 100 are are a very important juncture. They could easily go upwards albeit a short move or drop down. I am watching the price action with anticipation as my assumption is that there is a large move downwards looming and I would like to participate in such a move with a 'short' position.
  18. TrendFollower

    Potential 'Long' Gold Trade

    It is 5:00 am and for the first time in a long while I think Gold and Silver can move upwards even if equities are rising. Silver hit $15.98 and I think it should hit $16.00 at some point today. Gold in my opinion will attempt over the coming days $1320. There is now a strong momentum behind Gold and Silver without extremely large volume. With potentially the volume still to come I think Silver could go as high as $20.00 in the coming future should economic uncertainty remain.
  19. TrendFollower

    Strong Trend for Lumber

    @cryptotrader, One must know their audience. For professional traders who are experienced it does not matter whether I post line or candle charts as they will pay little attention to my charts. For new and inexperienced traders one must keep things as simple as possible and try and articulate matters in plain simple English including charts. I get many contacting me using IG's messaging service so I understand and appreciate my followers and those who read my posts. Therefore I deliberately keep things simple and my charts are no different. I get a lot of positive feedback from new and inexperienced traders who prefer and enjoy my simpler to follow posts. So I am catering for the audience that read my threads and posts. Line graphs present less information than candle charts so it depends on what type of trader you are as to which you decide to use and which you prefer. It is a personal choice but one that will be derived from your trading style and strategy. I find that line charts are a lot simpler and removes all the 'clutter' and 'noise' from the charts some of which can confuse you and not necessarily make it any easier for you to trade effectively or profitably. I tend to use a 'daily' timeframe when I trade trends and my position is held for as long as there is a trend. Therefore for me I do not need to see all intricate details which can be seen on candle charts. As a higher timeframe trader I prefer line charts as I want to look at a chart and get a sense of direction of the trend. I will switch and look at different timeframes but my 'default' is the 'daily'. I think more shorter time frame traders may prefer or have a use for candle charts. I find that the line chart provides a more clearer and visually simpler picture but that is just my personal preference. I think day traders may prefer candle charts but each to their own. Which do you prefer and why?
  20. TrendFollower

    Strong Trend for Lumber

    Stunning performance from one of my favourite commodities of the past couple of years - Lumber. It is up 1166 points at the time of writing this post. The chart is trying to show a 'rocket' taking off!
  21. TrendFollower

    Potential 'Long' Gold Trade

    @elle, Some nice predictive modelling there. Testing assumptions through price action during a trend can really help even if your assumption is wrong. It helps gather valuable information and data. So one must not be worried or scared about being wrong and must embrace losses as they will occur. It is about minimising those losses.
  22. TrendFollower

    Potential 'Long' Gold Trade

    Gold and Silver are both continuing to make new higher highs and new higher lows which is an extremely bullish signal in my personal opinion. I think once the 200 day moving average curve begins to slope upwards it will attract a lot more buying pressure on the long side. The key is to identify trends to trade and attempt to get in as early as possible. Disclaimer: I am long both Gold and Silver but have adapted my strategy to day trade them both thus taking profits on a daily basis. I am trying to avoid going long on those days when they are both clearly trending downwards for the day. I am not shorting them as the longer term bias for the trend is upwards so will happily sit on the sidelines on those 'red' days. Of course there will be days when I make daily losses but the key is to continue trading whilst the longer term trend is upwards as on the balance of probability the odds should be slightly more in my favour of making greater profits than losses during this strong trend.
  23. TrendFollower

    US 500 - Potential Shorting Opportunity

    I have a confession to make. I am day trading the US 100 both on the long and short side depending on the days price action. I am using the 1min, 30 mins, 1 hour and daily timeframes to assist me in my decision making. I accept it is not conventional but the experts will suggest using a specific timeframe and sticking to it and there is sound logic in that especially for inexperienced traders or those who are beginning their trading journey. I still believe at the moment (this could change) the long term trend has a downward bias but the volatility is providing a nice opportunity to day trade and I am trying to take advantage of this.
  24. TrendFollower

    US 500 - Potential Shorting Opportunity

    If things were to turn sour on US indices then I see a potential 600 points on the 'short' trade. Now add leverage to this trade and you can see how attractive per point the US 100 short could be. Timing will be key. I got timing wrong on the previous occasion but I am opening and closing my positions more or less daily and taking the profits on down days. I am not trading on the long side and just remaining on the sidelines on those days as the longer term trend is still down on major US indices.
  25. TrendFollower

    US 500 - Potential Shorting Opportunity

    The Nasdaq 100 is around 100 points down from yesterday. Trump has another round of talks with the Chinese this week. Earnings season is amongst us. Brexit vote. I think it will be interesting to see how UK markets close and how US markets open today.
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