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About psycho

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  1. Thank you for this @Caseynotes. I am looking for a scanner that compares the changes in technical indicators such as EMA between periods (Daily most of the time). Could you kindly suggest one please? Thanks in advance
  2. This is a 6 million dollar question and many excellent points made! To add even more confusion, here are two articles The hedge funds split over following market trends - timely as it's just been published today The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs If people in the articles can't agree, I think the question is probably a 6 billion dollar one! I would be interested in comments and opinions from the collective on the above articles. There is also the issue of whether your work builds something and contributes to society or not. When I discussed the equity market with my father, he would always say he'd rather put the money into his own business as he was in control of the money there and his success relied on his efforts. Another point to note is capitalisation and if you are doing it as a full time job. Warren Buffett (widely accepted as the most successful investor) aims for 15% on average. If you only have 100k in your account and even if you are good enough to match Warren, then you make 15k per year (a clerk's salary and the clerk with a job has little or no risk of losing money from his work?!).
  3. Could someone please tell me how to view the IGTV live in a separate window to my platform? I tried to do that by using multiple windows but then couldn't find the chart I was looking for. Also, the fact that all the windows are in one browser window and you can't have more than one session open make simultaneous viewing of a chart and the IGTV live impossible. Thanks in advance.
  4. Many thanks @Caseynotes I'll try out prorealtime.
  5. Hi @Caseynotes thanks very much for your reply and suggestions. I guess the platform doesn't cope very well with multi currencies. The only way I can see both accounts open is by using different browsers - I need to do this because I will have positions open in both accounts. On the mobile apps, it is going to be difficult unless I constantly have two devices but initiating trades on a mobile is not a good idea! The chart templates is a pain I need to move my chart analysis to a different platform. May I trouble you for your charting package suggestions please? Thanks again.
  6. I have accounts in several currencies with IG. How can I view them at the same time? Whenever I open the platform of a different currency, the platform in view and all the charts close down? I have set up all my charts on one platform. Can these templates be transferred over to the other platform? Does the system take all the funds in my account toward a margin or is the margin the free cash amount in each platform? Is it cheaper to trade USD denominated instruments in a USD account or is it the same as a GBP account? Thanks very much in advance.
  7. @TrendFollower thanks very much for your reply and replying in the right thread.
  8. @TrendFollower Did you do due diligence on the company's trustworthiness? I have to admit I like their products but before don't want to commit serious cash unless I can be sure there's no circumstances in which management can dip their fingers into my assets. I'm going through their writeup to determine if you have to buy the gold in lots to be able to collect it (just in case the world goes pear shaped)! Great thread - I was wondering what all your thoughts are about today's move which seems to be a strong move out of prior range. Thanks in advance.
  9. The opening mid price for ISF this morning is being shown on the IG charts as 672.5 which appears to be incorrect compared with the official prices on the LSE. Could this be corrected please? Would be interested to know how and why this occurred. Thanks.
  10. @Mercury point to note - my analysis was based on buy close 15 Dec sell close 31 Dec (or working days after/before) not for the whole month of December although in the cases when you called price action correctly early in December the gains would be greater. I don't view this as a long term trade and certainly not as a day trade. It's a medium term trade ! Carry it forward into the new year at your peril (been there done that!) The S & P data I analysed went back to 1950 of which 52 were winning and 15 losing. The risk reward ratio is lower.
  11. @Caseynotes What I find most attractive is the high risk/reward ratio. And ISF even pays a dividend! You might want to look at this Having said that, it must be borne in mind that the price action right now is negative (hopefully leading to a better bounce but can't rely on that) The maximum number of years it has worked consecutively is 11 (91-01), minimum is 3 we have had 5 consecutive years so far I would welcome views as to what effect the discussion in the mainstream media is likely to have on this.
  12. Thank you for your suggestion @GavinB . Unfortunately it doesn't help as there are other drawings on the chart I want to see