trade247

interesting on this one. Just having a look at their core business. what are your thoughts on the argument for a bit of diversification? obviously business have their core areas they work in, but with so many sub companies all relating to showers and bathrooms (more of a holding company it seems) I wonder if there is scope to branch out... ?

I would say the recent action negates this point? The correlation co-efficiency is just not there...

tech stock getting hammered today and leading the pull back. Look at those moves!!!!!

fevertree actually tanking today. Chart below shows entry price of 3650 but not correct date of entry. Seeing what tomorrow brings but likely to close significant proportion

all brokers have different data sets for their trade history / real time data. They're just making sure you're aware of this. for example say A takes data for FX from 10 > 10 whilst broker B takes data from midnight to midnight. There will be different data sets on each and therefore potentially differences on the two. my 2c.

Thanks for the overview @Mercury - it certainly makes sense so I guess it's a bit of market knowledge after trading quite a while. Sort of like a requirement to feel it out and find what works for the market you are trading. I used to do the same on the oil markets of 2-3 years ago and used to trade a fair bit then. Since then I try and stick to a small asset group and learn the movements of that before moving on. In my mind as long as something moves then we can have a trade on environment, and I don't see a need to have a significantly diversified collection (note we're not talking about investments - when we have those we want diversification, but when it comes to intra day trade I prefer to limit myself). Like you said I like cryptos at the moment - the moment I picked my username it would seem! But also trade things I know / have an interest in. Gin, hence fevertree recently, technology, hence GoPro and Tesla. I also like the breadth of discussion from other asset chat. Think it adds as everything is connected these days.

Just wanted to say that I'm continuing to read these posts and find them v interesting. I don't have much to add as I don't generally trade FX (too many influencers) but I do like the have a broad overview of things so I do try and keep updated. One thing I wanted to ask was what is your reasoning for/against having the trend lines drawn on the wicks rather than just the body of the candle? I noticed slight differences based on which markets and/or timeframes you're looking at.

posted on this recently .... bit early on that sell order but not bad. Currently 300 points in profit. Was tempted to add at 4000 to the short but didn't... worried about a break. My post below may provide some insight. It's trading pretty aggressive for the fundamentals and balance sheet.

also true - however the trend is only a trend until it's not. NowI know that sounds stupid, but how does one figure out chances of reversal when it comes to technical?

What are we saying folks? Are there areas or prices which you're looking at for a move either way after bitcoins recent consolidation period? They say it's a time to accumulate when there is consolidation. Could now be the time to buy bitcoin? I think I'd be adding to my position in physical but would be cautious of anything else. Leveraged for example right now could get painful ....

from a very VERY basic resistance perspective we have a resistance level to breach on wall street which may be quite tough. I feel if we do (no indication otherwise at this point) we'll see the squeeze as everyone covers. I'd be cautious of getting into a short at thispoint .... but when it slides I'm jumping on to run it down.

...discuss. This is not a test. I repeat. This is not a test.

100 pips in a matter of second!

great set of posts you've been making recently @Mercury - it looks like (from post history and what caseynotes said) that you've been a previously prominent poster in the Community. From a relatively newbie to a vet, welcome back once more. Assume you haven't seen or used the newer community from it's previous 'red' days (of which I must admit I was only passively viewing). Interesting that you said that brexit isn't a major driver to the recent depreciation. I agree that we've been steadily devaluing (I read today in the FT the guy who has been writing the Long View piece for the last 12 years and made a similar comparison on the equity markets) but I would push back / content your point about brexit. Yields in stable currencies are the key players here, and no matter what BoE and others can see, a lack of any clear direction is the issue. As for a reversal ... that would be nice around about now. Looks like there is the conservative conference this week, and we're looking at a potential insight into brexit negotiations. At this point, irrespective of personal opinions, we want to be looking for a hard and firm stance on the subject. This will be the big macro mover. I like the long term outlook though - nice breath of fresh air to see the longer speculation. If we head back to parity ... then my god that would be crappy. Can't be dealing with that as I have some holidays I wanna be hitting up. And it also throws me into confusion RE the FTSE....

When it comes to oil....

Seconded! Like those index and gold strategies they tweet out in the mid morning. That would be insightful.

is it just me that gets bugged by the IGTV youtube videos which are seriously left aligned in their white texts? like .... plz just indent it a little so the spacing on the left is the same as the bottom...

Quoth the Raven #65 - Tesla Shitshow, Act 12: “Staying Public” great title. Thanks for the link I've been looking for something to listen to on the commute.

nice video and follows on from this one posted last week. personally the guys chat style isn't for me ... but that's just me

very interesting point and entirely agree.

also just read this article https://www.teslarati.com/model-s-owner-endures-insurance-woes-repairs/ and the whole thing is about how Tesla is apparently ****, then relatively near the bottom it goes "All in all, I recognize that it was Ameriprise (insurance company) that caused me the headaches here and wasted a lot of my time." it also comes down to supply and demand. "In Chicago, there’s only one certified body shop in the metro area."

google algo simply works on what people are searching for, and surfaces based on a number of user input factors to help in SERPs. It's basically a consensus mechanism, and shows that people on the whole have applied the term '****' to trump many many many times across a number of different forums, blogs and pages. whilst it doesn't confirm the factual validity of a statement, it does give a very good indication of what people thing. Also I get different results for your term, which I think goes further to support the point that it's not fact, but what people in my area are searching for. Google is an amazing surfacing tool and everyone believe in them (I don't think I've needed to go down more than 3 results from the top in the last 3 years, and haven't been off page 1 in maybe 8+ years) until they want to be controversial.

also when it comes to this make sure you look at fx conversion costs which is where so many others will **** you over. IG is 0.3% whilst others can very easily be closer to 1.75 / 2% etc. On a $5000 USD trade a 1.75% FX charge would cost an additional 175 USD for a round trip whilst IG would be 30 USD. People **** about the transparent upfront costs but always miss the hidden costs.... Maybe IG should just scrap the monthly charge, whack FX conversion up to 2% which no one ever looks at and not have to deal with all the whining I'm all for cheaper services and don't like it when companies put up costs - but just make sure ya'll look at those hidden costs.

assume no open positions means just that ... you're fine if you have no open trade (i.e. you don't have a trade where you can see your profit and loss going up/down). Working orders isn't an open position so you're fine there.

first we had the Elon and Tesla fan boys and now we have the equally boring and cultish Tesla haters. #Yawn. Like this article... of COURSE if someone takes a baseball bat to a car it's gonna **** it up. hardly a shock.