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trade247

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Everything posted by trade247

  1. whilst interesting, should you not measure top to bottom, rather than waiting for an all time high to confirm another bull market. For example, can you not say that we've been in bull market since 2009? We can't say we're not in a bull market from 2009 to 2014 surely? it's a tough one. I think we're running on fumes personally. when it breaks liquidity will be thin and it'll plummet like a rock. theres so much central government manipulation this time around as well. If that goes then likely we'll see a hyper cycle pull back.
  2. Very interesting article in the FT today. https://www.ft.com/content/ba397da4-5ca2-11e9-939a-341f5ada9d40 Key takeaways are Brexit unease continues with more and more coming out from British centric ETF funds $304m more taken out last week bringing total to about £25bn in outflows the most important quote... looks to me its a case of 'look out and hold on' if you're going long maybe thinking about pulling in those stops good luck
  3. and so it pushes on. another short term resistance level finding it hard to break.
  4. Volume weighted average price of purchase vs sell. Say I buy 100 at £10 and 100 at £20, average would be 200 at £15. Same on the sell side and you should be able to figure it out.
  5. Also I think there is a lot to say for the 'contrarian' trade to what the mass media news is saying. When all the news articles are saying 'BUY' or 'we're at the top' its probably worth looking at reducing your longs and selling. When it comes to oil I have had the following emails today alone... From IG - "Oil is leading commodity price gains finding a catalyst for the move from in fighting in Libya, which threatens to disrupt global oil supply." From Reuters - "Oil prices rose to their highest level since November 2018, driven upwards by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela, and strong U.S. jobs data." From Bloomberg - "Crude is close to the highest level in five months this morning, with a barrel of West Texas Intermediate for May delivery trading at $63.45 by 5:40 a.m. Eastern Time as the escalation of fighting in Libya increases supply concerns. In other oil-market news today, there is huge interest in Saudi Aramco’s bond sale. Aramco Chairman and Saudi Energy Minister Khalid Al-Falih told Bloomberg TV this morning that $30 billion of orders have been received. The company is expected to offer at least $10 billion, with pricing as soon as tomorrow" Blonde Money - "Thrives as oil producers sell futures to protect themselves from price falls and many like to speculate on the market. There is over and under supply and the level of stocks links the spot (immediate) oil price to the futures price. Backwardation is where futures prices are below spot and contango where they are above. Today, see chart below, OPEC cut production, demand is picking up and because of backwardation, suppliers run down inventory. Speculators need a high risk premium as ample stocks dampen price volatility and the reverse is true, low stocks amplify volatility. The curve says high prices will not last yet Saudi Arabia, OPEC’s largest producer, needs $80 per barrel to balance its budget, a dilemma"
  6. also worth noting you can use the @ symbol and then type the persons name to tag them. For example @eloronz which means the person would also get a notification. Better than tagging via hyperlink which I believe you have done.
  7. So here I drew fibs from the lows back in Jan 16 and pulled it through to the relatively recent highs of October 2018 - when if you remember we had significant pumps throughout the energy sector pushing oil far higher than it should have gone. The recent pull back was a relief for that mean reversion, however since the lows at the beginning of the year oil has seen a solid rise. The old saying "buy when there is blood on the streets" was certainly true at that time. Here i'm using the split chart view, both the weekly and then a 5 minute. Not that I trade on a 5 minute candle, but I like to keep an eye on movements throughout the day. I also wanted to bring the 'news' section up again as I find it very useful. This is at the bottom of all charts. As for a trade going forwards. I'm not so sure. Probably would look to take a little profit here then keep an eye on the fundamentals and news and make sure the next trade is on after a direction has been confirmed.
  8. Thought I would add this more as 'feedback' for other community people. I've been online for a bit but never done it. You can just go to your profile section here by clicking on the username and then Profile... Then you just need to click the little square next to the circle which has the first initial of your screen name on. And then all you need to do is upload a better picture then i did 😁
  9. @Sunny Days - over periods when there are big market movements the spread can change. This is because the banks want to limit their risk over periods of volatility and also IG do the same.
  10. have you had that email confirming that your account is open? is the account funded? those are the questions that come to mind but call them otherwise.
  11. As in via an actual printer onto paper? (assuming 'print' isn't something specific API or coding term) Use the Three little dots, then the 'export chart' button. Then print or move into a word document and print.
  12. also inflation in America is very much under control, in fact too much. The Fed tries to keep the personal consumption expenditure (PCE) index at 2%. The Fed raised rates 9 times since December 2015 in anticipation of inflation rising. Falling core inflation may be seen as a sign of a weaker economy, but components can cyclically follow the business cycle (restaurant meals) or not (health care). The chart below shows not much has changed in either. Where is the cyclical inflation given America’s strong labour market?
  13. Props to Caseynotes for pointing me in the direction of this website. On the EW website you can see all the anticipated earnings releases for this week, and the vol events on those individual stock which could present some good trading opportunities!
  14. For those who think Brexit is having an impact on the FTSE and FTSE Mid (more for the facts GBP devaluations can make an easy trade available on the arguably global FTSE index) Short on time? Here's your quick Brexit summary: Theresa May has suffered a substantial parliamentary defeat on a third attempt to pass her Brexit deal through parliament. The prime minister had sought approval for her deal on the UK’s withdrawal from the EU on what had long been scheduled to be Brexit day. MPs voted by 286 to 344 against the EU divorce treaty, which if passed would have opened the way to Britain leaving the EU on a revised date of May 22. Speaking after the result, Mrs May said: “The implications of the House’s decision are grave.” “The legal default now is that the United Kingdom is due to leave the European Union on 12 April. In just 14 days’ time.” Amid speculation she could be forced to call a general election, she added: “I fear we are reaching the limits of this process in this House.” In immediate response to the deal’s defeat, Donald Tusk, the president of the European Council of EU member states, called an emergency EU debate. “In view of the rejection of the Withdrawal Agreement by the House of Commons, I have decided to call a European Council on 10 April. #Brexit,” he said on Twitter. Britain is now due to leave the EU on April 12 without a deal unless Mrs May can persuade the 27 other EU leaders to grant a further extension in the Article 50 exit process. This would, however, require the UK to take part in European Parliament elections in May. Got this from the FT's brexit roundup emails which I would recommend to all. Very good.
  15. KOs are a 'guaranteed' stop, very similar to what youd see buying an option. I.e. guarateed you can't lose more than that initial premium.
  16. as casey said, however there are a number of 'short ETFs' out there which may be of interest and give you a shorting opportunity. (not really shorting, but gaining value when the underlying assets drops).
  17. I'd love to see these fundamentals get in the platform so you can easily access from the shares etc you're on. At the moment you have to go to the dot com and then search for the stock! not ideal. nice video tho thanks.
  18. trade247

    Crude Oil (WTI)

    fair - great spot. i'll stay in then
  19. very useful for the beginners out there
  20. trade247

    Crude Oil (WTI)

    thoughts on such a move after such low volume? tiny figures....
  21. resistance and decreasing volumes on the daily....
  22. trade247

    Crude Oil (WTI)

    oil pushing up to resistance again and looking to break
  23. its certainly a riskier play but potential for those good ol rewards. I don't know if I see a sell off with brexit. Devaluation of GBP should counteract that and I'm not convinced there is enough Euro demand for UK housing (in the same way as there is from middle east and Asia).
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