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TrendFollower

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Everything posted by TrendFollower

  1. This issue keeps on appearing from different posters on IG Community so it is clearly an issue. The problem is that the 'dividend reinvestment' is not a current priority for IG at the moment and no one including they know when it will be a priority for them.
  2. @KOMat, No, I have not traded KIO lately. My view on the stock is that since the end of November 2018 the price has been creeping upwards nicely and slowly. It seems to be just about making new higher lows and higher highs but just! Also the price at the end of November 2018 seems like it was the lowest price point over the past five years or so. The stock may well have bottomed and the downside risks could potentially be limited and more upside potential but this is not a given. I would suggest looking at the volume and establish if volume is increasing with the rise in price. I would then look at the moving averages and see how the price is reacting to key metrics such as 20 DMA, 50 DMA, 100 DMA and 200 DMA. From a fundamental perspective have a look at how much debt the company has? Are revenues increasing year on year? Is the company profitable and if so are the profits increasing year on year? If it is loss making then are losses declining year on year? Does the company pay dividends? Are the dividends increasing year on year? What are the future prospects of the company? What are the demand/supply scenarios for Iron Ore? How is the price of Iron Ore behaving? These are just some thoughts that I have quickly posted that were in my mind. Hope this helps.
  3. @gautamhait, Yes I am long both Gold and Silver. What I am doing is taking my profits and re-entering rather than leave my positions open and pay constant daily charges even if the move in Gold and Silver is against my trades.
  4. @gautamhait, I am afraid I find it extremely difficult to assist you. You do not seem to understand anything I am posting to you and you keep on asking the same questions. I will not be giving you my e-mail address. That is final. You can message me like all the other traders on IG's messaging platform. It works very similar to e-mail. I do not know how far it will be as I do not have magic powers and nor can I tell the future. I cannot even suggest to you to buy Gold long term as I trade on price action and like I have openly said I do not like Gold at all as an investment. I strongly feel there are better long term investments out there based on my risk tolerance than Gold over the next 10-20 years. Let me ask you this @gautamhait, how do you intend to trade or invest in Gold on the long side? Are you going to physically buy Gold, invest in a Gold ETF/ETC, invest in a Gold fund or investment trust, spread bet Gold, CFD Gold, futures market Gold, invest in junior Gold mining companies, etc? Also @gautamhait what country are you from? I clearly get the impression you are not from the UK which is the country I am from.
  5. Well the US Government has ended albeit temporarily the shutdown. The markets which were expected to sharply fall have risen phenomenally, especially the US indices. I tried to short the US indices and clearly got the trades wrong. Right now based on price action one should be trading long as one should never go against the trend regardless of fundamentals, economics, news, etc. Trends can be extremely powerful and if one trades solely based on fundamentals when there is a disconnect with the price action then it can be extremely dangerous. When you look at the US debt levels, potential interest rate rises in the US, US-China trade war, slowing down of the US economy with GDP figures possibly declining going forwards, potential company earnings declining and the potential unwinding of capital in US equities points towards a falling US stock market. The price action is telling us a different narrative right now which could change at any moment so one must follow the price action very carefully. Stock markets are a 'future price discounting mechanism'. So they are telling us what they think is going to happen around six months into the future. A lot of investors and traders forget this point. The key data to look at is the forecasts of say six months and twelve months ahead. What are the data expectations going forwards.
  6. It seems that Gold, Silver and Platinum followed similar price behaviour yesterday. Was it because of the US Government re-opening albeit temporarily? We would certainly like to think so and convince ourselves that every significant price action is based on some form of news which we can relate to the price action. There will be many times when this is the case. However, there are times when positions are being built and prices are moving without any specific news that has been released by the media. Previous metals are a very interesting asset class within the Commodities asset class and within the metals asset class. They have industrial uses but are historically known to be used as a hedge against uncertainty in the economies around the world. Interest rates and inflation can play a key part in the portfolio allocation of precious metals and the likes of bonds. There is also another factor which affects the prices of precious metals. That is demand and supply. How much demand is there and are there any supply issues and these can cause sharp moves either upwards or downwards in precious metals. Mining strikes, wars, serious supply issues when there is large demand, etc. There could be a rally in precious metals which lasts a year or two and what we are seeing since August 2018 is merely the beginning. One must remember that trends can last a lot longer than one thinks.
  7. I am getting a lot of messages from IG Community members asking for help, guidance and suggestions. I try and respond to as many as I can but I just simply at times to do not have the time. I thought it was a good moment to add to this thread. I cannot advise someone what to trade and nor would I want to as they could try and copy me and make a loss and then blame me. I am happy to share what assets and specific trades I am looking at or trading and why. It is then up to others what they do.
  8. @gautamhait, I am not going to give anyone my personal e-mail address. You are more than welcome to discuss things with me here on the IG Community where it is open and transparent and if I were to give incorrect advice or mention something blatantly wrong then I can be challenged on the IG Community in a professional and respectful way. This will enhance your experience and add value to your IG Community experience. If you really want to discuss something privately with me then you can send me a message like a lot of other traders and investors do using IG's messaging service. I was just responding to another trader just now using that facility. I do find it at times difficult to understand your posts as I am not familiar with your writing style and have to make far too many assumptions. May I ask why you would like my e-mail address?
  9. @Tudor2, They say an apple a day is good for you! 😀 On a more serious note, I use the IG App on an iPhone and don't seem to have any problems.
  10. If you look at my last post back on 30th October 2018 and my analysis then look at the chart below: Need I say anymore? The key is to identify potential trends to trade. Then it is about trading them. As long as sound risk management strategy is applied and stop losses are in place then it is about riding the trend until it changes direction. This includes any sideways activity for a longer period than envisaged for me. You can re-enter the trade as many times as you like but never go against the trend.
  11. Lumber is one of my favourite commodity trades over the past couple of years and it is starting 2019 rather well. The 'daily' chart is looking exciting! Ignore at your peril! No seriously the Lumber trends are special if you can get an opportunity to ride them.
  12. At the moment the rally is pretty spectacular. I see a very crucial point coming which the chart below will highlight. I have added a trend line which will show that we are at a stage where if the price keeps on rising then shorting right now is simply not an option unless a monster downward movement follows.
  13. I see Gold and Silver's price action being on the upside at least until the Brexit situation is more clearer and the US Shutdown matter is closer to resolution. This could be next week to be honest but also next month! I think Gold and Silver long plays are good trades during this period. They could still go wrong but with sound risk management (stop losses) and a clear exit plan one should be able to profit until sentiment changes and the trend reverses. We never quite saw a trend reversal on the last correction so this is resuming the rally. However, I have seen such moves entice buyers and then large drop comes so be aware and careful.
  14. Yes I am long both Gold and Silver if that is what you mean.
  15. Gold and Silver have just ‘popped’. The daily chart was building towards this and seem to indicate this potential move. Not sure how long it will last.
  16. I am assuming the ‘Guest Contact’ and ‘Guest E-Mail’ are the same person and were after my email address? Please can you confirm whose email address you are after? I get a lot of people contact me on IG through messages within the IG platform. Please feel free to do so if it is me you are referring to. I would not give out my personal email address on threads and posts but you can communicate with me or anyone else through IG’s messaging service which still remains private just like email.
  17. Gold seems to be defending the $1280 level rather well for now.
  18. Tomorrow there will be voting in the US Senate in relation to the Government shutdown. This news will create price action one way or another for US indices.
  19. @Nelsy-Boy, The good old fashioned way is doing it yourself. Yes it is hard work and yes it is time consuming and you will miss lots of potential opportunities but you cannot trade all of them anyway. The lazy way would be 'Barchart' and 'Sharescope'.
  20. The Nasdaq 100 (US Tech 100) also offers an attractive risk/reward trade in terms of margin you have put up against daily points on offer. This matters as the more leverage you use the higher the margin requirements. I am getting more and more keen on day trading in the direction of the short term daily trend.
  21. Some of you will be following another thread of mine suggesting a potential 'Long' Carbon Emissions and 'Short' Natural Gas trade but this thread is focussing on Carbon Emissions. The chart is looking very interesting right now.
  22. The 'Long' Carbon Emissions and 'Short' Natural Gas trade is potentially becoming a reality. If you look at both charts then you will begin to understand why.
  23. The Lumber price action is starting to get very interesting. It is slowly creeping upwards. It is not making the headlines or making any noises but it is my 'Silent Assassin' when it comes to a trade. It is not the 'sexiest' of Commodities but it was one of my best performing trades of recent times both on the 'long' and 'short' trades. It is at a critical juncture right now but it is worth keeping an eye on as it can give a good indicator to the US housing market too! 😉
  24. I would like to see Gold clear $1294 level to confirm its upward trend and for Silver $15.72 level. Until this happens any move cannot be confirmed as a continuation of the upward trend in my personal opinion. Both Gold and Silver were due a break from the rally we saw but the bulls will want to see continuation of that rally and this drop may provide a strong foundation and base for any larger upward move in both precious metals. With equities declining then it may just give the push required for the next move upwards in both. Such drops are seen as healthy and are absolutely required to take any potential rally in both Gold and Silver seriously. Otherwise you would see the 'Bubble Bitcoin' chart! 😀
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