trade247

thoughts on such a move after such low volume? tiny figures....

resistance and decreasing volumes on the daily....

oil pushing up to resistance again and looking to break

interested to see the P500 reply. I hope he publishes all official replies although I doubt he will. It was either an error which they'll look to rectify, or he was already on margin call and this just happened to coincide. Will try and keep an eye out but let us know whats occurring if you spot something? he's just updated

strong day for oil at the moment from reuters "OPEC said on Tuesday it had cut oil production steeply under a global supply deal, although it flagged headwinds confronting its efforts to prevent a glut this year including weaker demand and higher rival output. In a monthly report, OPEC said its oil output fell almost 800,000 barrels per day in January to 30.81 million bpd. That is still slightly more than the expected 2019 demand for OPEC crude, which the producer group lowered to 30.59 million bpd. Worried by a drop in oil prices and rising supplies, the Organization of the Petroleum Exporting Countries and its allies including Russia agreed in December to return to supply cuts. OPEC is lowering output by 800,000 bpd from Jan. 1."

...my school teachers would have had a quiet word regarding that top button

there is substantial evidence out there which shows categorically that fund managers have no advantage what-so-ever in beating the market in the long run. Active fund managers are out there for kick backs. Even buffet hates them and that says a lot! Also, the kia analogy doesn't make any sense.

to be fair the crypto spreads have been discussed in detail a load of times and whilst large I can see it's reasonable given all the other factors.

that was yesterday no? It seems to be a very delayed reaction. I'd like to be seeing 58.50 in short mid term.

to me this looks like we are looking at resistance on the 15 min and a possible trade as someone noted above with reverse head and shoulders on the daily.

For anyone looking for a rather comical overview of whats happening tonight ... https://www.bloomberg.com/news/articles/2019-01-29/order-order-a-minute-by-minute-guide-to-u-k-parliament-votes

in regards to parliamentary amendments later today "In theory, if any amendments pass other than Brady’s, it’s not good news for May -- though it’s important to note that Tuesday’s votes are not of the binding type May lost earlier this month when her deal was rejected. The Cooper plan to delay Brexit is the one that has the most potential to derail May’s strategy. Meanwhile if the Brady amendment on the backstop secures a majority, May will consider that a mandate to try to negotiate again with the EU."

ooo I like those charts on the econ calendar link you posted @Caseynotes and its very useful. For me I think the description as well and I think it helps as there are so many different data points and its hard to remember what they all are. I like the way that dailyfx do it with the drop down rather than it taking you to a different webpage, however it doesn't have that for all events. I also think a count down timer would also be good rather than just having the time of the event, and when you click on the event it comes up with the core market related to that, or at least a few options.

I don't know about other people but it's certainly seems like my radar is getting hit up with companies left right and centre moving away with the whole brexit chat. Do you think this is just media attention or actually legit?

this is the davos chat for those interested

great idea. added to the watchlist and will be monitoring this one looking forwards. thanks both - will 'follow' this thread as well.

You're not wrong on that one! It amazes me that even in these perilous times for our country those on either side of the bench are still the ones squabbling amongst themselves and setting up plays for future power. Same as post-ref ... leading leavers dropping like flys so they can let someone take the un-imaginable task of leading the UK thru brexit. short term vol played out pretty quick. risk off over the next few days. Like you said - at this point the sensible thing to do is nothing .

oh also - is the fact the US gov has shut down giving more focus on European matters? All the US based trading articles are pretty dull at the moment.

we haven't seen nearly as much volatility as I would have thought (apart from a relatively small devaluation and return to norm for GBP). What are some likely volatile periods on the near horizon?

think of trading like a race. Most people can drive, but those who are winners are the ones who put time and effort into practicing their starts, practicing the course, learning about the other drivers strategy, reading up about their car, talking to the mechanics, putting in the time and effort to lap their practice track day in day out. the winners also are never going to be the ones who get in an F1 car for the first time after passing their Driving Theory test ... scale up power (leverage) and your opponents (assets)

missing your views @Mercury

didn't think this required its own thread, but thought it was interesting. Saw it on reddit today. "In the 1640's the Dutch inhabitants of New Amsterdam built a 12' wall to keep the bad hombres out. In 1664 the British ignored the wall and took New Amsterdam by sea. It's now called New York. They took down the wall and built a street. It's called Wall Street" also, If you visit the street there is still a piece of the original wall in the ground. and then some non-finance related dutch/NYC facts : Coney Island = Conyne Eyland, meaning rabbit island (Konijn Eiland in modern Dutch). Staten Island = named in honor of the Staten-Generaal, a government body. Nassau = Name of the royal Dutch house (think "Windsor"). Brooklyn = Breukelen in province Utrecht. Harlem = Haarlem in Noord-Holland. Rhode Island = Roode Eylandt (red island in Dutch). Yankees = the common first names of Dutch men, "Jan" and "Kees" slurred together. Yell that at any Dutchman and you were likely to guess his name. ...thus concludes our history lesson for the day

is this something someone outside IG could whip up and put on their own webpage?

When it comes to the house market figures out today from Nationwide (showing the smallest house price increase in a looooong time) what are peoples expectations? Next year will start to fall...rapidly. With a ‘hard Brexit’ - leading to a plunging pound, sharp rise in inflation - creating a rise in unemployment and BoE interest rates. Each one is toxic for the UK housing market - combined its lethal! I think this will hurt, but I don't think it would prompt the 'next crash'. Those always come from something which no one has an eye on. Unlikely to be a repeat as it was previously.

bitcoin currently sat above the 20 day MA, but below the 50. On the hourly looks more to be searching out direction and relatively range bound between the 3600 and 3900... Volumes and news hopefully pushing the markets higher.