trade247
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Posts posted by trade247
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14 hours ago, DSchenk said:
Does anybody know if you sign-up in IG for the Level 2 data access if you get pre-market data?
I know you can put your orders in pre market so you should be able to see indicative bid/offers etc. That's from 7.50 > 8am. is that what you're referring to?
14 hours ago, DSchenk said:How do people trade gap strategies in the UK?
Maybe better to post in the strategy section. You will prob get more/better replies.
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god **** I want to just go into one of these shops and walk out with a few of these, hop into my Rolls, and drive back to my safe in the country .... #billions
https://shop.sharpspixley.com/1000-g-degussa-gold-bar
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have you ever bought actual gold? as in going into a store and purchasing that way? I have no idea about it and never looked into it, but there must be an argument for it? I wonder if the commissions are huge?
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I always think this looks like a hurricane weather report when you're sliding it about!
Interesting charts tho. Big fan.
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especially if the indices break! this has been a very very short squeeze last week but it seems to have finalised and petered out. We could be seeing some serious movement once again if earnings are crappy in the US over this week and next.
I certainly would be keeping gold in my sights.
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If the dow goes this is a short all the way down to 24000 I would have thought, but I'd be taking profit at 24500 and 24250, with 10% holding down to 24100.
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I've hardened my stance on this. DRIP needs to be sorted...
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interesting view. I would think that we're going to be looking at the lower end of your charts closer to that 1200 level. It seems to be a major area of support and one of those big psychological barriers.
Interestingly your levels seems to be supported by Chris. https://www.ig.com/uk/commodities-news/technical-analysis--key-levels-for-gold-and-crude-181022 and they say that if a lot of people are expecting it to happen at a certain level it will - almost a self-fulfilling prophecy almost.
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Although I personally can't comment on the bond stuff, I wanted to weigh in on the RRG. I've seen it a few times on Bloomberg (and also on IG actually a few times on the IGTV) and I think they're great! Fantastic way to visually represent movements .
the below video is ok, but it doesn't really get started until about 2.20. Whilst this is only an 'ok' video in it's entirety, whilst I like is at 4.00 he slides the chart and you can see how things are turning cyclically and rotating (hence the name!)
for those who have the time there is this video. Haven't watched it be seems to be a deep dive.
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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... ?
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On 09/10/2018 at 19:52, TrendFollower said:
If there is a bear market in equities around the world then capital could shift to Bitcoin. When I was monitoring Bitcoin's behaviour compared to Gold during the Trump and North Korea rhetorical warfare during those instances Bitcoin 'trumped' Gold. The same during the Middle East / Syrian issues, build up to Brexit referendum, etc.
During a bear market which may already be in motion (in terms of starting) the riskiest assets will get hammered. To offer a balanced view, they do not come much riskier than Bitcoin. Therefore one would assume it will get absolutely annihilated. It may well go down to $5000 or even $2000 - $3000 but I cannot see lower than that. If it behaves like a safe haven during such times then it could easily surpass $10000.
I have an open mind so lets see what happens. I am very intrigued with the price action of Bitcoin especially if there is a bear market in equities.
I would say the recent action negates this point? The correlation co-efficiency is just not there...
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tech stock getting hammered today and leading the pull back. Look at those moves!!!!!
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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
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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.
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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.
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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.
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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.
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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?
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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 ....
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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.
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...discuss. This is not a test. I repeat. This is not a test.
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35 minutes ago, Mercury said:
Ha! if ever there was a more timely object lesson in keeping an open mind than EURGBP just now I don't know of it. Reminds me yet again not to trust H&S on low time frames. In any case the over picture remains intact until the past lows are broken, let's see what GBPUSD does next...
100 pips in a matter of second!
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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....
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9 hours ago, PandaFace said:
It’s certainly a bit of getting used to on these knock outs! It’s a new product and altho I know and can get my head around regular options this new knock out does take a little getting used to!! Keep at it @Tancredi and yeh - practice makes perfect.
I don’t know about anyone else but I think I’d be keen on some knock out videos and strategy? I know for those who trade it may be easy but I think others (and me
) would find it useful ??
Seconded! Like those index and gold strategies they tweet out in the mid morning. That would be insightful.
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.... 
) would find it useful 
Crude Oil (WTI)
in Commodities
Posted
interesting view on the bearish side for oil there @Mercury and I must admit not one which I had looked at. In my head I was looking for the mean reversal being in our favour and therefore a chance to go long! but looking at those channels they do seem very well supported.
For my input, whilst brief, I would say I'm unsure (I know this helps diddly squat), but would be holding off the trade until there is a more sure fire understanding of direction. We're certainly in uncertainty ... lol