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andysinclair

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Everything posted by andysinclair

  1. You can check the status of the IG platform, web, mobile etc here: https://status.ig.com/ It is a confirmed problem with the Android app.
  2. Remember Luncheon Vouchers? Every time I read an article like this I replace Crytpo/Bitcoin with Luncheon Voucher and Blockchain with database 😉: Whole Foods is not taking any risk on Bitcoin nor holding Bitcoin on it's accounts - it will simply allow bitcoin to be converted to fiat at it's stores, or rather it's accepting a "voucher" for a coffee, the voucher just so happens to have been bought with Bitcoin.
  3. Thank you @TrendFollower for your comments, it's certainly an interesting discussion. Responding to the above quote: I think also there is a difference between buying "physical" bitcoin and trading via IG Index, an ETF etc. Bitcoin in theory may have been a better store of value purely from a price perspective, but if you owned "physical" bitcoin there is a higher probability (than gold) that either your bitcoin would have been stolen or you would have lost access to it. Anyway, I do notice companies (from startups to large, established giants such as Microsoft) announcing various blockchain/crypto related initiatives/projects. I do however remain skeptical about the motivation for this, are the big companies "doing something" so that they are seen to be "doing something"? And how many of these projects are producing real world solutions? I've just read the Starbucks news: "Starbucks will install Bakkt’s payment software in its branches, which will allow customers to pay with digital assets. Such payments will be instantly converted to fiat, however, so that the coffee giant does not have to deal with crypto". From another article: "So how is Flexa already letting Cameron Winklevoss pay for that Starbucks coffee with crypto, and how are the 15 other enterprises also doing so? First, users need to download the app from Apple’s App store, then send it their asset of choice from any cryptocurrency wallet. While Gemini custodies the crypto funds, Spedn takes care of the payment itself by generating a one-time QR code on the phone’s screen, which is scanned by the participating store’s existing scanner, debiting the amount charged from the customer’s account. While the customer gets a receipt showing the purchase as a gift card, Spedn settles the payment with the merchant in the preferred currency at a later date." So Starbucks is not taking any risk on Bitcoin nor holding Bitcoin on it's accounts - it will simply allow bitcoin to be converted to fiat at it's stores, or rather it's accepting a "voucher" for a coffee, the voucher just so happens to have been bought with Bitcoin. In this case you could replace this process with any other form of voucher/coupon/points/loyalty scheme. There is no doubt that Bitcoin is an interesting speculative instrument and can provide lots of trading opportunities. However I will remain skeptical until I start getting paid in crypto and can spend it anywhere (with no fiat conversion) - the ultimate sign of adoption will be when I can pay my taxes in it (and my parents start using it).
  4. I'm a Bitcoin/crypto skeptic, one of these "very people" you talk about @TrendFollower I think that the utility/adoption of Bitcoin is independent of it's value in relation to fiat currencies. How much of the price action is due to Bitcoin adoption/progress news and how much to speculation? (i.e. if I buy it now I can sell it for more tomorrow). I believe it is based purely on speculation. I just had a quick glance at recent news articles trying to explain the rise. There appears to be nothing about how Bitcoin is becoming more useful, being adopted more widely, becoming easier to hold/convert/etc: "Fidelity buying and selling Bitcoin" "The launching of a possible Facebook coin" "Bitcoin ETFs" "Elon Musk’s interest in cryptocurrencies" "Safe haven" "Mainstream appeal" "Exodus from alt coins" "The Bitfinex scandal drove Bitcoin purchases" "The Binance hack proved Bitcoin's integrity" The recent price rise has not changed my thinking at all. I believe that one day the bubble will permanently burst, bitcoin will die and we will all wonder what that was all about. It may reach $10k/$100k/$1m before then, who knows..... In the meantime I will watch from the sidelines with interest.
  5. Saw this earlier and thought it might be of interest for this thread. G7 FX Implied Volatility collapsing:
  6. Just to add to the discussion. EURGBP in the interbank market is dwarfed by GBPUSD and EURUSD. These two pairs drive a lot of the EURGBP price action, so often GBPUSD or EURUSD will move which results in a move in EURGBP (due to the "triangular" nature of the 3 pairs):
  7. Thought I would post an updated spreadsheet, interesting to see IG clients (us!) now: More short: major indices More Long: GBPUSD and EURUSD Very long: Bitcoin and Ether
  8. Coincidentally it's now the same as FXCM...I saw this the other day and thought "ah, that's better than IG Index"...
  9. Another option is to open an additional account, you can then say run your long term positions in one account and your short term positions in another - this is good for keeping track of PL between strategies etc.
  10. @TrendFollower It works fine for me, I have my demo account open in Chrome and my live account open in Firefox, no issues so far.
  11. Or you can have one account open in say Chrome and the other in Firefox, Internet Explorer or Edge.
  12. I've had similar issues over the last few days on the demo platform. IG support are aware (as of yesterday) and they said they are looking into it. Shame those profits aren't on a live account!
  13. Hi @RichB-Trader Would you mind sharing your risk spreadsheet (just the structure with any data blanked out)? I am working on building a risk and trading history spreadsheet and am interested to see how you have approached it. Thanks.
  14. I am experiencing the same, some demo positions are being opened whilst others are just hanging. Clearly something still wrong with the demo system.
  15. Thanks @Caseynotes very help, I didn't manage to find that page. I'll create a simple spreadsheet so I can calculate the funding costs myself.
  16. Does anybody know how to calculate the cost of overnight funding, for example with a SP500 DFB spreadbet? I have found some informaton on the IG website It mentions an "admin fee" however it doesn't say what this admin fee actually is.
  17. This level seems to be a strong area of resistance, 5th test since October. Short from here? 2018.
  18. Hi @AntonL-IG Has any progress been made on making historical sentiment data available via the API? If it is either not going to happen or is still far down the development line, would IG have any objections if I was to store sentiment data over time and make it available through an Excel Add-in I am developing i.e. collect my own historic data? Thanks.
  19. It was from there but I've just noticed those numbers are from the demo API, which for some reason is different from the live API.... Here's the current table, just updated from the live API:
  20. @RichB-Trader I am getting the data from the IG Index API via my Excel Add-in, I wrote a brief tutorial about it here (there is also an example spreadsheet): IG Index Client Sentiment Analysis Using Excel @Caseynotes I can't explain the discrepancy with the SPX sentiment data, I am simply retrieving the raw number from the API. @TrendFollower I think the most interesting thing about the sentiment numbers I have looked at is the high bias towards long positions, perhaps influenced by traders more inclined (no matter what the market is doing, what their system signals etc.) to go long rather than short.
  21. I must admit I don't know exactly how IG determine the sentiment number, I presume it is based on number of global clients and how they are positioned? I also presume it gives equal weight irrespective of position size, so the £0.01 a pip trader is counted a one position, same as the £1000 a pip trader. I think the fact that most clients are long on most markets is interesting. I also think it would be interesting to track how these numbers change over time. Perhaps you could use changes in sentiment to trigger trade decisions and track performance over time. My gut feel is that it could be a good contrary indicator.... Does anybody else look at client sentiment?
  22. I've built an Excel Add-in and have added some client sentiment formulas. What I find interesting is the much higher proportion of long positions across all asset classes. Surprisingly the FTSE100 is the least shorted of all the major stock indices. In the FX world, IG clients are long on all major pairs, regardless of whether they are effectively long or short the USD. I will post this again with updated data, will be interesting to see how it changes over time (I suspect it won't actually change that much!).
  23. Hi, I am building an Excel Add-in product which connects to IG using the API. I am based in the UK and the API works fine with IG Index UK accounts. Can somebody confirm that the API works with accounts for ALL other IG entities such as IG Australia, IG US and IG Bank (in Switzerland). Thanks, Andy
  24. In addition to everything @TrendFollower suggested, I suggest keeping a detailed trading journal of all your trades. In particular keep notes of why you entered a position, when you expect to exit the position, and your reasoning for any stop loss/take profit that you have defined. Keep the journal updated as the market moves and review how your trades have performed and try to figure out why some lost and others were winners. Hopefully over time this will help you gain valuable understanding of how and why you trade the way you do, and ultimately help you become more profitable. If anything it should help prevent those "revenge" trades which are so tempting after a loss (speaking from experience here...).
  25. It's the lookback period which I suspect is in days (a 14 day lookback seems to be standard for stocks).
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