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trade247

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Everything posted by trade247

  1. when will crypto be added? / will it?
  2. After the movements today in a certain currency I thought of something which would be quite funny. (I thought so anyway). I therefore reached out to @JamesIG and asked if I could post a Poll similar to the one regarding cryptos from a while back so we could end this week (the first one after ESMA) with a bit of a smile. I therefore present to you my poll Question... Is the below chart bitcoin from early 2018 or the recent events of the Turkish lira? (Or Lir-AHHHHHHH as quoted elsewhere)
  3. heyyy - would you look at that - I got put in the handpicked section on that front page. Any comments welcome and would love someone who doesn't agree! always good to have your trade thoughts pushed and looking for holes.
  4. Thanks @Ludwik Chodzko-Zajko IG and @JamesIG - never really used that news feature before, always more on twitter and external sites but it's good. fingers on the pulse for 12 then fellas
  5. Just like normal no? Or have you not used this new platform yet? Should just go to positions > close and then you get a green confirm. Did it below where I had two positions originally and closed one to test in demo.
  6. robinhood offer this in America at present. They either sell their flow to HFT or they only allow passive limit orders which receive kick backs via the maker / taker method. Interesting though none the less.
  7. wonder if the 'expiry' (which should probably be put in these " as it's more "expiry") is just a requirement for this to be an option? or a spread bet I don't know. Like the DFB's which have expiry dates of 2029...
  8. I've been reading a few posts on this and thought I may as well as my two cents rather than just tacking on to other peoples opinions and statements. Put simply I hope to lay out a couple of simple reasons why I think bitcoin and crypto will go up in the longer term time frame. This has nothing to do with 'believing in' the asset, more that it's just worth having a position when you think of the underlying market plumbing. Bitcoin will go up for the following reasons. It is a truly truly truly inelastic asset. When gold goes up, people start producing more. When oil tanks, people don't pump as much. Even housing and infrastructure will be able to scale up or down depending on demand. Crypto however has a fixed amount being created which is mathematically restrained and can't be altered. When demand shifts people will gobble up the inelastic asset and supply demand curves will react accordingly. Liquidity is thin. Honestly - don't just take my word for it - have a look at the global volumes. All it takes is a $100,000 dollars odd and you can move the price of some of these assets a hundred dollars or so. Thin liquidity means that prices can move very quickly either way. At the moment we are in a downward trend, but as soon as that turns and people jump on the bandwagon again ... well, we've seen it happen before. Hold. Become rich. Simple. EVERYONE knows about a mate, or a mate of a mate, or at the very least an article somewhere talking about buying crypto, holding onto it, and becoming rich. That's the way things are. It's happened over the last ten years and now the world has it in it's psyche that it's fact. Those who hold wont sell, whilst those on the sidelines are just waiting to get in. Bitcoin halving event in 2020. Over the last two halving events BTC prices have doubled. Again, this is all we have to go on, but people think that it's happened in the past so it's sure to happen in the future. Wait for it ... we'll see parabolic once more. ETF city. People want it. It's coming. It's just a matter of time. so in my opinion even if you hate it, the above plumbing descriptions support a move upwards. I also notice that we've been bumping off the 500 day moving average and we've very close to the 6000 USD level which has significant historical support. We possibly will break, but we will certainly bounce at some point.
  9. Looking at this quote from @rimmy2000 's link I doubt you'd be able to hold a leverage position in this ... "However, the structure envisioned for Tesla is similar in many ways to the SpaceX structure: external shareholders and employee shareholders have an opportunity to sell or buy approximately every six months." Doubt IG would let you hold a lev position with something they can't deal out of ...
  10. https://www.zerohedge.com/news/2018-08-06/turkish-lira-barely-moves-after-central-bank-boosts-dollar-liquidity
  11. adding this to my message above - couldn't edit. Largest short position taken at the moment. If that changes this could whipsaw...
  12. yeh you can do on the old charts. grad and drop on instrument onto the chart of another. not yet possible on the new. Unsure about the customisation aspect but don't think you can do much.
  13. Support on Gold and at the $1200 level. Looking for major fundamental events to push below this level... what will be seen? Buyer at $1210. Chart daily.
  14. this was in city am - worth a read from their 'shadow MPC'.
  15. my channels and fib. Now we're out the channel i'd be confident holding to the 52800 mark... however would reduce a little now and then average out going towards that level. We only need a bit of macro news for this to reverse.
  16. currently 7664 but yes it seems to be bouncing off that trend pretty solidly - so i'd let it run if you can cover losses to maybe 8100 where I would add a stop.
  17. yeh - I mean ... a stop is a market order which means that you can get filled at a worse price. Say the markets 100 and you have your stop at 90. If over the weekend there is bad news out and the market opens at 80, there was no way to sell at 90 is there, so your market order is triggered basically saying "get me out at the best market price" which is then 80. to get a guaranteed exit at your level you'll need to use a guaranteed stop.
  18. Read this article - pretty much covers everything. https://www.marketpulse.com/20180801/boe-super-thursday-live-name/
  19. I also really like the use of the word plebeians
  20. BTC at 8234 margin is 1647 - yes if it's at 20% BTC at 7987 margin is 1597 - yes if it's at 20% "How do I calc the margin maintenance to add to the initial? " << what does this mean? please can you rephrase? do you mean cost of holding overnight? There's some info here on that https://www.ig.com/uk/bitcoin-btc retail margin has now changed as per ESMA >> https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-bitcoin-spread-bet-product-details which I think is what you're referring to and why it's so high.
  21. given the sector pull back this is a strong hand to hold so good one on that. I think with trading patience is key, and if you have an understanding of the figures and belief in the product then I saw hold onto those convictions. It's tough tho, and whilst I don't agree with your stance I do like the grit. Any revisions personally in regards to risk mitigation? pulling a stop up, taking some profit, changing the limit sell orders to be more staggered?
  22. It's not as bad as it first seemed. Granted that's still a lot of money, but still. Also there are these new products coming from IG which I am excited about. Does anyone know what they are? Has there been any news? Also I read somewhere else that MT4 will offer 1/10th of the size if you wanted? So you can DAX trade with £64 for 10p a point. Not sure how exciting that would be to trade ... but anyway. At least you can do multiples of that so say margins of 60 / 120 / 240 GBP for 10, 20p and 40p a point for example.
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