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ST

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Everything posted by ST

  1. No problem Tri, I appreciate your reply. I'm still hanging on in (that has nothing to do with which side I dress on :-) I look forward to reading more of your valuable contributions to the community. Cheers
  2. Hi , referring to your last post, does that mean that IG hedges/takes/mirrors the same position elsewhere for every spread bet that is taken by IG clients? TIA
  3. No problem Tri. I appreciate a your reply. I just wondered why you thought Hannan, being an IG employee would be asking that question? Please allow me to digress one moment. On the subject of receiving replies to posts, the house (IG) have n't replied to some of my posts. On one occasion I got a reply months later but it appeared to be prompted by another member having the same query. This occurs, despite every email from their help desk automatically including a message encouraging one to use the community?? Now let's get back on topic. Hannah (not me :-), said this above: "Firstly, the reason you're seeing this error message is because the stock in question does not meet our minimum criteria to be traded on a leveraged basis. We look at market cap, liquidity and free float and have certain thresholds for a stock to be eligible for spread betting or CFD trading. When it doesn't meet these, it can only be traded on a share dealing - non-leveraged - account." Rightly, or perhaps wrongly, I just assumed that the reason for them not offering a spread bet on these markets is because they could not go elsewhere to take the same position to hedge themselves. I understand this is the way they operate their CFD business and naturally assumed it applied to spread betting also?
  4. Hi Tri. Do IG not take the same position in the market via a CFD and make their money on the spread? Cheers
  5. I can't comment on trading through PRT charts as IG have disabled it. I have trading rights on another account under a power of attorney and apparently when I am logged in the software is not sophisticated enough to differentiate between which account I am trading through! So I have to do without in that respect. Very rarely have I had a dropped connection on just the data feed with IG PRT charts. I would therefore suggest that your issue is probably a local one. I have downloaded PRT's own software version 10.3, the charts are free for EOD data if you register. However I cannot see any thing different from IG's version 10.2 in the Time zone and Trading hours dialogue box to change the daily closing time of the candles? Not that it will be doable as a free EOD data user but one would at least expect to see the facility there even if its only ghosted etc.
  6. , your IG chart is showing Sunday 6th as a separate days candle. No good if you are price action trading as mentioned above. You can remove this candle and have the data incorporated in the candle on Monday. Go to the options drop down menu on the main menu bar, select Platform Options. From the resultant dialogue box select Time zone and Trading hours then remove the tick from Display weekend data. Before closing save the change by clicking on apply changes at the bottom of the box. Having said all that you will need to wait until IG get PRTs version 10.3 before we are able to set the daily candles to close at 22:00 GMT (17:00 EST) See Dan's comment above. PRT released 10.3 several weeks ago, perhaps Dan will pop back and let us know when IG are going to get the update?
  7. Thank you for your helpful reply Hannah. I take it that this is a stock which has previously met your requirements but has now fallen short of them since its inclusion for trading. In future I will look at the "get info" facility before considering a stock for trading but as you say it would be nice if these stocks could be seen at a glance. Perhaps a change of the colour and the icon on the left of the listing similar to the way it changes to depict a telephone and turns orange when the stock goes telephone only dealing.
  8. I have been getting a variety of frustrating "sorry" messages when trying to place trades. I may spend a day or two or a week or more watching a stock, annotate the chart with the technical attributes then get a message like this one when I go to execute a trade !! The stock today was the US stock Cloud Peak Energy. This occurred on both the Mar17 and Dec17 bets Could this information not be shown on the platform so that one can immediately make alternative arrangements for trading the stock in question or exclude it from ones watch list. Fortunately this one only came up on a scan yesterday so I did n't waste much time following it but that is not always the case. It would also be interesting to know the "why" of the message. Thanks
  9. Thanks for help on this issue Caseynotes I was n't aware that there was such and indicator. I've tried it on my charts with a number of stocks and the prices on the chart are not in sync with the platform albeit some of them are not far out. Maybe they will line up when the markets are open. It will still be a bit of "faff on" even if they are good enough to work off. I work off the daily TF and when they are applied to that they are obviously scrunched up and unable to be read. I tried them on some of the charts on my watchlist and they add what looks like horizontal support/resistance lines causing confusion with the ones I have already applied to the chart. So not something I can add to my template but I would have to add the indicator each time I am considering a trade and then remove it. Furthermore to be able to read them I would have to also drop down to a lower time frame. Easy I know but adding the two together I am wondering whether it is any quicker or more convenient than the way I described above. Will give it a go when markets are open and see how things pan out. Thanks again though for the suggestion Caseynotes, appreciated.
  10. Oh, a light at the end of the tunnel. Thank you for your efforts.
  11. Thank you very much Dan, much appreciated. I feel sure once implemented you will get a lot more price action traders interested in the IG platform! I shall certainly make it known. I never thought about looking at the charts on your MT4 platform but presume they rely on the same data feed as the PRT charts. Is that correct? Cheers
  12. Thank you for your reply Tim. I hope a solution will forth coming soon. What I miss the most about not seeing the deal thru facility in the top right of the chart is being able to quickly see the spread on the instrument. It helps in the calculation of the R2R ratio when in the chart and I can quickly see if the trade is worthwhile. Now I have to flick back to the platform, search and find the instrument to do that and then go back to the chart with the use of the "tear of a ticket" facility. I seem to have a knack of finding the limitations of various aspects of the software, I hope it does n't persist :-)
  13. I thought I'd revisit this thread to show with a recent example how not having the right 5pm New York close charts can mislead price action traders trading off Japanese candlestick lines. Note the first chart uses New York close time charts and sports a good example of a reversal candle off a key resistance level, a pin bar or some may call it a shooting star. The second chart is IG's PRT chart adjusted as Dan kindly suggested. It can be seen that the reversal signal cannot be seen. https://www.tradingview.com/x/KbkJ5HeK/
  14. I am unable to deal through PRT's charts this week. The configuration of boxes and drop down menus at the top right corner of the chart window which enables one to do this has disappeared from my charts. Furthermore, the "Trading Options" which is normally available as part of the list in the "Options" drop down menu on the main window had disappeared. Basically the deal thru charts functionality has been totally removed. I called chart help today and spoke to a nice lady called Lucy. Despite being very helpful she was unable to resolve the issue on the phone and asked me to send her a technical report through the charting facility. Having done that I later received an email from her to tell me she had discovered the source of the problem and I quote: "I have discovered the issue as to why you are unable to trade via PRT. You have Power of Attorney set up which means for security reasons, we have restricted your access. If you wish to trade via PRT you will need to remove any POAs you have set up". Now, at the moment this does not make sense to me as whole point of going to the trouble of setting up a POA is so that one has the permission to deal on a third parties (the donor's) account. Furthermore, the implications of the reply is that I can still deal on the third parties account (albeit not through the charts) if I do nothing i.e. do not remove the POA? I have to re-iterate, it does not make sense to me at the moment! Anyone... please
  15. Unfortunately my jubilation on this point was short lived. Comparing the adjusted ProRealTime chart (advanced charts with IG) to my brokers charts where the daily candles close at 5pm EST by default I found a number of candles were not the same. The data feeds on price did not agree which distorts the shape of the candles crucial for identifying the patterns for trading opportunities. For example I looked at the AUD/JPY pair (only because I have a trade open on that one at the minute) on the daily candles for 18th and 19th July. Lets take the 18th first, the opening price was 20 pips more on IG's PRT and on the 19th the opening price was 6 pips less on IG's PRT, the closing price 11 pips more on IG's PRT. Both discrepancies distorting the size of the real body of the candles, especially the latter. Whilst it would not have had a detrimental affect on my trading in this instance unfortunately this data feed cannot be relied upon for Price Action Trading using Japanese candlesticks as mentioned above.
  16. Dan, I'm a very happy camper! That worked a treat, thank you very much. I must have been suffering from a senior moment or two when I tried it last time :-) What's really great is PRT is my preferred charting package and I'm looking forward to the improvements discussed here coming down the pike. Thanks again.
  17. Hi Ose, Heikin Ashi and Renko candles are available in advanced charts. Click on the spanner near the top left corner of the chart next to "Price". In the resultant box click on the drop down menu next to "Style" on the right side of the box and choose the candle style you require including HA and Renko.
  18. Thanks for enquiring Dan, I've tried this before and it did n't work. I sent screen shots to CS at IG to show this. If a recall correctly it would not accept the settings. I'll go back and try again though.
  19. Thank you for your helpful reply Hannah, I just got the same reply from Liam on help desk and came here to tell the community.
  20. I don't know what happened to the tickers in my post above but they are all listed on the New York arca exchange and here they are again SIL, SLVP & SILJ Let's see how this works out :-)
  21. We are probably in the early stages of a new precious metals bull market and there is currently no way to get exposure to silver miners through an ETF within the IG ISA. Would it be possible to add the following ETF's to the available options online? Global X Silver Miners ETF NYSEARCA:SIL ishares MSCI Global Silver Miners ETF NYSEARCA:SLVP PureFunds ISE Junior Silver ETF NYSEARCA: SILJ Thank you
  22. For many price action traders like myself who trade FX off the daily and four hour time frames both the simple and advanced charts provided by IG are completely useless. The daily candles close/open at 00:00 GMT adjusted for day light saving time. Please see below for why this is not any good. Best Charts For Forex Trading Most people prefer to use charting provided by their broker. Though this may seem harmless but could result in disasters. Let me tell you why there is a chance they won’t be the Best Charts for Forex Trading. Due to Forex 24 hour nature each broker has a different time for the new daily candle depending on the location and server time. As we know that daily candles are formed once in 24 hour period. However not all brokers are same and they differ as to when their charting platform opens the new daily candle. A traders goal, and especially ones who rely on technical analysis and candlestick patterns is to find the broker whose charting platform is the most ideal for technical analysis. Let’s think for a second, what makes technical analysis work? The reason it works is due to the fact that it not only represents market behaviour but also widely understood and practised by big institutional and bank traders. It is true that technical analysis is a self fulfilling prophecy and Bank and Institutional traders are the ones moving the market more than any other players. So this brings us to a very important point that what are these people looking at. Are they trading on a daily chart? If yes then when do they analyse these charts? Are they trading intra-day? Then what time frame are they looking at? Is it a five-minute chart or an hourly chart? Going back to the stock market, where it all began and New York being the centre location for all stock trading activities. A typical trading session ends at 5 PM EST. This is the time when most bank and institutional traders look to analyse daily trades. Hence this is the time we should also be looking at when placing and analysing daily trades. The idea is to look at the same price action as them so as to match their actions with ours. By doing this you would more accurately draw support and resistance lines and accurately analyse candlestick patterns. For those that use indicators these would also sync up better. The whole idea is to follow the "big players" the banks and institutional traders, after all they are the ones moving the markets. Also please see the article in the link below, here you will see how charts which do not conform to the New York close can mislead. (Necessary to scroll down a little) http://www.learntotradethemarket.com/meta-trader-demo-account-sign-up-new-york-close-charts At the moment I am trading price action with another spread better even though their spreads are wider than IG's. They have the right charts and it would be unethical for me to just use them for their charts. I use my spread betting account with IG for swing trading US and UK stocks and my ISA for longer term stock investing but it would be nice to consolidate all my trading with IG. Thank you for reading and I hope you will seriously consider my request.
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