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Everything posted by TrendFollower

  1. The 1000 DMA for Bitcoin is around the $4500 level if anyone is interested.
  2. The Nasdaq 100 has seen some very aggressive buying. It is above its: 20 DMA 50 DMA 100 DMA 200 DMA 300 DMA 400 DMA 500 DMA 999 DMA The long term trend is upwards. Are there any traders on the IG Community who would trade against this trend? Are there any traders who still think that US indices are going to go down a lot lower or are already shorting them? I tried to short and in my own defence it was during the large drop in around December 2018 time if I remember correctly. So I was trading short with the trend. Obviously we know what happened next! My timing was wrong and I should have shorted it a lot sooner as the short trade was on but I got in too late and my stop loss was too wide so ended up with a loss.
  3. I appreciate this thread is called US 500 - Potential Shorting Opportunity but boy have I been wrong when starting this thread. In fact I have been day trading on the long side recently. I accept that I did not envisage this length of rally after the initial huge drop. I am not suggesting that a large shorting opportunity is not possible but at the moment my thoughts are never go against the trend and never fight the price action. All three of the US indices are pretty aggressively pushing upwards. Now it is possible that this last leg is what breaks the US indices into submission and they plummet downwards. Those contrarian traders may find an exciting risk / reward opportunity. At this rate the US indices could easily make new 52 week highs!
  4. $13000 is a key level for Live Cattle. If it does not make a new high then there could be a potential shorting opportunity should the price action present any confirmation signals of a trend reversal.
  5. When looking at the Gold chart (daily) then I wonder if there has been a slight 'reset' since the large drop. Is Gold making new higher highs and new higher lows during the recent upturn since the drop?
  6. I would like to share the following below with the IG Community. Bitcoin Price Charts Echo Pattern Seen Before 2015 Bull Market https://www.coindesk.com/bitcoin-price-charts-echo-pattern-seen-before-bull-reversal-of-2015 Of course this article fails to mention any potential of a new low being a possibility before any bull market in Bitcoin.
  7. @andysinclair, When I have tried that back in the past then it will work on say one of the browsers but not on the other. I experienced confliction issues and the IG platform may be more compatible and work better on some than others. James IG is suggesting using two browsers based on Chrome which is different to using say Edge and Chrome. Did it work for you? It may just be me I don’t know.
  8. How artificial intelligence could disrupt your investments https://www.yourmoney.com.au/wealth/investment/how-artificial-intelligence-could-disrupt-your-investments/
  9. Bonds have started another day in the blue and this time they are being supported by both Gold and Silver. I am wondering if there is likely to be seizmic shift in capital from higher risk (equities) to lower risk (Gold and Bonds)? If one compared the price of Gold and Bonds against equities over the same period then it may help to indicate if this could be occurring. The Brexit uncertainty and US-China trade deal risks still remain and whilst they still do I personally think it provides a positive platform for both Bonds and Gold. Now this may not translate into the price action as markets do not always behave as per textbook theory or in line with fundamentals or news. However it is worth keeping a close eye on Bond prices as if they begin rising significantly then this could be a strong indicator for the future.
  10. Gold and Silver have both started very positively and aggressively. The problem I have personally with Gold and Silver right now on the 'daily' chart is that the 'slopes' for the moving averages curves are all over the place for Silver. What concerns me in Gold is that the 20 DMA is sloping downwards. Now this may be due to the 20 DMA catching up with the current price move as it is a lagging indicator. Gold's moving averages seem to have more direction than Silver's at the moment.
  11. At this moment the Dow Jones has its price trading below its 20 DMA. This is what aggressive trend followers look for initiating a short trade. However, this would be an extremely high risk trade. Others will wait for the 50 DMA to be breached before initiating a short trade. Of course some will do so during any period in between the 20 and 50 DMA. It is all down to a traders risk tolerance and urge for more speculative trades. Now the S&P 500 and Nasdaq 100 have not yet gone below its 20 DMA so these are lagging behind the Dow Jones if there is to be any significant move downwards. This is the part which is unclear. All three US indices have attempted such moves down before, for only to come back up again.
  12. The Bitcoin price is above $4000 both on the buy side and sell side. The key now is whether it can remain above this level. Bitcoin is now trading above its 20, 50 and 100 DMA's. Price of around $4755 will take it above its 200 DMA so this is a very interesting time for Bitcoin. Are we seeing a false rally which will possibly lead to another leg downwards or has Bitcoin bottomed and are we seeing a consolidation period?
  13. The question people seem to be asking me is whether I think Bitcoin has bottomed? My answer is that I really do not know. I think this would depend on whether there is any more bad news to come out in relation to Bitcoin. If not then what we may be witnessing is Bitcoin consolidating before the commencement of a potential bull run. This bull run may only occur in my opinion if there is plenty of positive and good news to be released in relation to Bitcoin. It seems to be heading towards $4000 but it really needs to stay above this level and continue pushing upwards to build momentum and attract further capital towards it.
  14. The question I am asking myself is whether the drop has commenced? From the daily chart perspective it does not look like it has yet for the Nasdaq 100 but is looking interesting for the S&P 500. The Dow Jones seems to be leading the way in price decline. This could just be a small correction before any upward leg resumes as it may take a few hours / few days for the US indices to react to the US Federal Reserve news of not raising interest rates in 2019.
  15. I was wondering why Gold and Silver were not going up today with Bonds and Gilts performing rather well and major indices such as US declining. The US Federal Reserve released the 'not raising interest rates in 2019 news' and this pushed both Gold and Silver prices upwards.
  16. UK, US and German bonds still performing well in the blue. German Buxl was up over 100 points a few minutes ago. Gold and Silver both still in the red and not showing the same strength. The US Dollar may have something to do with this but it seems risk off at the moment. Major indices down but Bonds up more than normal so far today.
  17. @D600, May be two screens? Dual monitors? Sometimes even three monitors can make it easier.
  18. The Robocap Fund may be of interest to some of you are following and monitoring this particular investment theme. http://www.robocapfund.com/
  19. German, UK and US Bonds in general seem to be in the blue this lunchtime. Gold and Silver are both in the red but are not far and seem to be making a slow and steady rise upwards since the large correction last week around Thursday time.
  20. Litecoin is trying another attempt to surpass 60.00 and stay above it. This article is interesting highlighting why Litecoin prices may have doubled. One must bear in mind that these are the views of the author and we all may have different views on whether we agree with the author or not. Why Litecoin Prices Have Doubled This Year https://www.forbes.com/sites/cbovaird/2019/03/19/why-litecoin-prices-have-doubled-this-year/#7571367c1d22
  21. As I am from the UK, this article which I came across today but was released yesterday is rather interesting. It is also encouraging that the UK Parliament are taking looking into Blockchain applications seriously. UK Parliament Presented Showcase of Real-World Blockchain Applications https://www.coindesk.com/uk-parliament-presented-showcase-of-real-world-blockchain-applications
  22. @JamesIG, Thank you very much for your prompt response and I agree with your sentiments. Also arguing on the internet is not professional and it does not help either one of us. It affects both our credibility. There is no positive outcome. Thanks again, much appreciated.
  23. @JamesIG, Please can you assist here as I do not want to respond to Caseynotes. Or can anyone from IG help to resolve the matter and put a stop to this. I have watched the video since and the answers to my questions are not obvious to me but I don’t care anymore and just want Caseynotes to stop. I am happy to avoid any communication with him if that helps and maybe he could do the same. That way this matter is concluded. In hindsight if I had known my questions would have led to this experience then I would never have asked them. My error of judgement. I thought I may get a different perspective from Caseynotes but obviously I was wrong.