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TrendFollower

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Everything posted by TrendFollower

  1. @draa46, Yes you could be right in terms of seeing a formation of a double bottom. If that does occur then it may be worth looking out for any breakout to the upside.
  2. KR1 PLC is still at a very early stage. However, it is good at exiting investments profitably and has done so over the last couple of years. Yes, this profit is small at the moment but it is gaining traction even during the bearish Crypto phase.
  3. KR1 PLC released the following RNS this morning: Portfolio Update: OMG and NEX https://www.investegate.co.uk/kr1-plc--kr1-/prn/portfolio-update--omg-and-nex/20190425070000P7E70/
  4. Bitcoin Cash and Litecoin were some of the benefactors of the recent rally in Cryptocurrencies. So what is the difference between the two? Well there are several but at present Bitcoin Cash has larger block sizes than Litecoin. Now this is irrelevant at this moment in time as neither are running at their optimum levels or coming close to the capacity to even test current block size levels. Litecoin on the other hand has faster block times (transaction processing speeds). I think (do not quote me) but transaction volume is higher or certainly was higher for Litecoin than Bitcoin Cash. One of the similarities between the two is that both want to be the Crypto Standard of electronic / digital cash. Both have faster transaction speeds than Bitcoin and are trying to position themselves into this space which Bitcoin has not been able to conquer.
  5. Bitcoin Cash and Litecoin were some of the benefactors of the recent rally in Cryptocurrencies. So what is the difference between the two? Well there are several but at present Bitcoin Cash has larger block sizes than Litecoin. Now this is irrelevant at this moment in time as neither are running at their optimum levels or coming close to the capacity to even test current block size levels. Litecoin on the other hand has faster block times (transaction processing speeds). I think (do not quote me) but transaction volume is higher or certainly was higher for Litecoin than Bitcoin Cash. One of the similarities between the two is that both want to be the Crypto Standard of electronic / digital cash. Both have faster transaction speeds than Bitcoin and are trying to position themselves into this space which Bitcoin has not been able to conquer.
  6. I think until Bitcoin crosses the $6500 level and stays above it, Bitcoin will still remain in a long term downtrend based on the 'daily' chart. For this to happen the markets will need to go into 'Risk On' mode. At the same time there will need to be positive news on Cryptocurrencies and Bitcoin in particular to drive prices up to this level. Of course this will need to be supported by capital flowing into the asset class along with speculative capital that will be required to take this up to such price levels. The only way Bitcoin could go up to $6.5k levels without speculative capital is if there was buying on the long side from institutional investors. However, if this happened then by the very nature this would attract the speculative capital, hedge funds, trend followers, etc.
  7. @Xtian, Unfortunately the DRIP option is not available on IG. I accept this is disappointing for those who really want this option. This question keeps on constantly appearing. There are other threads on this very question where you will find more detail. If you type 'DRIP' or 'Dividend Reinvestment' in the search box and press enter then you should find other threads with this very question.
  8. @tombarrow, I answered some of the points from your post on the other thread.
  9. @tombarrow, On IG's UK Spread Betting platform there are quite a few Commodities that have both the 'Spot' and 'Futures' option available trade. There are some where just 'Spot' is available and others where 'Futures' is just available. You will have to go through them to ascertain which they are. If you look at Precious Metals then they all have a 'Spot' and 'Futures' option. I suppose there is more liquidity from a markets / trading perspective which could possibly be the reason for this. Yes there is overnight funding for 'Spot'. You are right 'Futures' do not have overnight funding but the spreads are less attractive. No overnight funding will not be displayed on the trade. IG will inform you of the charges by sending you a daily statement which includes them. You can alternatively go to the charges / cost section and try and work out the charges yourself.
  10. Are we going to see and experience 'Mean Reversion'? What do people on the IG Community think? I will include the 'Daily' chart zoomed out as much as possible below.
  11. Data is going to be the new Gold going forwards. Data will be Key and Data will be king. Storing data more securely and more efficiently will be critical. I appreciate Cloud storage is the 'in thing' right now but storing data using Blockchain is starting to be discussed. It could make it far more cost effective. Some of the key concepts for storing data using Blockchain is that this data can be stored forever and cannot be altered or tampered with. It is tamper proof. For audit purposes this is very important. I think the following article will explain my points above nicely. How data storage will shift to blockchain https://www.networkworld.com/article/3390722/how-data-storage-will-shift-to-blockchain.html
  12. All the Cryptocurrencies are declining in price today pretty strongly as we are all accustomed to. However Bitcoin is proving to be more defensive and resilient as is only 2.5% down against others which are 8% and 11% down. Bitcoin is the strongest and main 'Infinity Stone' of the Crypto Universe. If it can stay above $5000 level then it will be extremely healthy and positive for Bitcoin going forwards.
  13. I am getting a lot of messages asking which markets I think are trending. Well all three of the major US indices are trending upwards - Dow Jones, S&P and Nasdaq. Bitcoin is trending upwards. Lumber and Orange Juice are trending downwards. I could go on and on. This is where you must conduct your own research, dedicate some serious time to identify trends and put some effort in. There is no easy or magic solution to making profits. When assets within specific markets are trending strongly then they can provide the best returns whether that be going 'Long' or going 'Short'. Rather than respond to many messages I have received recently, I find it easier to post a generic message here which saves me a lot of time as I know that many of you are following this and my other threads. Now people are asking me should they go 'Long' on the S&P 500. Well if it is making new higher highs then why not? Yes it would be risky but at least you would be trading with the trend rather than against it. You could patiently wait for the next drop before entering. The S&P could continue just to go higher and higher making new highs, though I do not know this will in fact happen. In terms of Bitcoin all I would say to those who have messaged me is to look at the price action, look at the trend, look back at this thread and some of the trend following principles included and use it amongst other things such as your own research, trading plan, own thinking, etc. to make an informed trading decision. What I will not do is tell anyone on the IG Community what to trade and when. I do not have a crystal ball and nor can I tell the future. Yes, I will have ideas, gut feelings / instincts, thoughts but I will not advise anyone else what to trade, how to trade and when to trade. I will merely share potential trading ideas or my own trades and others will have to make up their own minds. Trend Following as been around for many years. It has died many times. It has re-emerged many times. I have no doubt that it will die and reappear again going forwards. Trading with the trend rather than against it makes sense to me. It is as simple as we want to make it.
  14. @dmedin, Thank you for sharing this. A very interesting article. Wow, it is a lot of Gold!
  15. @dmedin, It sure has. The trend has been strong during the past quarter. I tried to short the S&P 500 before Christmas but got my timing very wrong and certainly did not anticipate the type of uptrend we have witnessed. I made a loss on that trade which is no surprise but I did have a winning position that was getting stronger. The reason why I set this thread up was to share a live trade with the IG Community. If you go back to the beginning you will see my rationale behind the trade and the motive of sharing will come across. I wanted to share a live trade with the IG Community and I shared this and also a long trade on Gold which is on a different thread. A lot of people post comments, links to websites or articles, charts, charts with lots of lines, but I wanted to actually share live trades with the IG Community. It was not important whether it was a successful trade or not. In my case my long Gold trade was successful and my short S&P trade was not. The key was the mechanism via the IG Community to be able to share live real time trades.
  16. One important thing to remember is that upwards trends can last a lot longer than one envisages.
  17. Some of you may find this infographic particularly useful:
  18. Both Gold and Silver are giving away most of the price increases they delivered over the recent weeks and months. In my personal opinion this indicates two things. The first is that the reasons why Gold and Silver were going up have now changed or the timescales have changed. The second is that the speculative capital involved in both has made its money and is now taking profits and shifting to other assets which it is targeting.
  19. Gold needs negative news. Gold needs bearish news. Otherwise the price action is telling the narrative of what is likely to continue happening going forwards in the short term.
  20. @hollysb, This question has arisen time and time again on the IG Community. You are right IG does not offer DRIP. No, you would not be able to contact the company itself and set up a DRIP. If only! You would have to use another broker / platform that did offer DRIP facilities to take advantage of this.
  21. @Markokucic, Have a look at this. https://www.ig.com/uk/marketing-partnership https://www.ig.com/uk/marketing-partnership/marketing-partnership-compensation-plan So to answer your question, yes they do.
  22. Bitcoin Cash is really struggling to stay above $300 level at the moment. It has had two big goes recently and failed. If it could crack the $300 level then I can see it having the potential to go all the way up to $400 without much resistance.
  23. It is reported in the online media that Charlie Lee has announced that his team are working on a solution which is going to make Litecoin more fungible by adding confidential transactions and collaborating with Bean for Mimblewimble implementation. The article below will help explain this far better than I can. Litecoin and the fungibility problem of ‘tainted’ crypto https://bravenewcoin.com/insights/litecoin-and-the-fungibility-problem-of-tainted-crypto
  24. Following on from my previous post I wanted to share the following (yes it is old but makes the point nicely): Perception, Probability, and Skill https://www.turtletrader.com/pdfs/perception.pdf
  25. Keeping to the theme of providing credible sources on an international level I though it would be good to share the following from the International Monetary Fund (IMF): World Economic Outlook, April 2019 - Growth Slowdown, Precarious Recovery https://www.imf.org/en/Publications/WEO/Issues/2019/03/28/world-economic-outlook-april-2019
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