WallStFoxy
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Posts posted by WallStFoxy
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3 hours ago, dmedin said:
I don't actually have a position open, because I'm not totally convinced it hasn't got further to fall. Might be worth waiting for a week or so. Might have further to go - down to 817
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That looks realy good but if you look to the left ther's a bull candle about 50% of the rise in May if you wait and see on a weekly chart you will miss the action, now you need to move in closer may be H1 chart or even closer if you have the skills but the trend looks good and a south star on a weekly is about as good as it gets, a stop loss at 1022 is not that big but if you wait for it to go higher the stop loss will still be 1022 and a 50 week ma is a strong trend. I'm just saying the choice is yours. Good luck with your choice.
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1 hour ago, scuttsy said:
Hi all.
Im holding a US500 JUN19 futures contract (spread bet) Does it automatically rollover to the SEPT contract at the end of June, or close...?
Thanks in advance
Matt
You should check your settings for rollovers, go to my IG then settings then rollovers and check you have rollovers enabled if you have a problem with that ring the customer services and ask if you have rollovers enabled.
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1 hour ago, dmedin said:
Isn't the best strategy just to 'buy and hold' and reinvest your dividends over a long period?
You are close but you still need to avoid this:
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On 08/06/2019 at 15:01, elle said:
A light hearted look at this
If that is true ther's nothing light hearted about it, the man should go to Jail do not pass go and do not collect £200
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Couldn't help my self after three days of nothing on the Dax I had to fade this gap, just have to see but FTSE & DOW look to have gone to far to fast.
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On 08/06/2019 at 11:34, ha05230 said:
Same, Wall St was my undoing this week 😏
Wow didn't wana be on the wrong side of that one!!!
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1 hour ago, elle said:
onward & upward
It's been a great week for Wall St. bulls that's for sure but I think you've seen the top for now, next week could be a different story, with a bit of luck the Dax will make a move and from here it doesn't matter either way cos 12100 is my pivot so up I'm long down I'm short. I'm just glad it's Friday it's been a bad week for a bears (and Foxy's) on the Dax.
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23 minutes ago, elle said:
seems like a breakout now
Yep sure does, great for wall st, what about the dax I think it's gone to sleep!!
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Truth is I'm sure you're right but until my chart agrees I can't jump in. I trade the dax not the dow and that's a good bit behind just now. The dax has been a waste of time for me the last two days, it needs to rally or die one or the other.
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1 hour ago, JLZM1999 said:
possible short term sell or pullback form current level ?
I hope so!!
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13 minutes ago, dmedin said:
The problem is that, with TA in general, everything fits into place on a chart 'after the fact'. In the heat of the moment, with the best of intentions looking at one's MAs, oscillators and candlestick patterns, the price can easily and abruptly change course and stop you out without warning.
It's hell on earth. I need to get a job.
Take a look at the H1 chart above with the text bubbles on it. Note the red line above all else, that tells me to play shorts. OK now I just need a high to sell, wait for the high. On the enter short @ 7336 notice the black line crosses the other red line going down, that tells me we are likely turning down so I now enter short. wait until the black line turns back up and close for good or bad, How easy is that. No macd, rsi, elliot waves or fundamentals just sma. Just get on a demo and find and few good sma's you like to use and build a strategy from there.
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Is spread betting for fools?
The definition of a fool is somebody who does the same thing over and over again but expects a different outcome, I would say no spread betting is not for fools because a fool would carry on doing the same thing over and over regardless of how much money he or she had lost and keep on expecting a different result. A fool would keep on blaming everything else except him or her self for the situation they are in, but let's not be too hard on them because we need 80% losers to pay for the 20% winners.
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4 minutes ago, nit2wynit said:
Woooow. It's not my problem. most moves are 2pts or more. Providing I get the direction right I'm in and out in seconds. I play higher and shorter. I can't play 20pts for 5 because my Stop loss would be too great. Pull back could wipe out any profits and put me £100 under on £20!!!!!!!
I don't risk that much on a bet.
My problem today was assumption it was going down. Fear of loss. Panic from loss. Throwing up then basically Gambling.Ok, I give up you know best.
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10 minutes ago, nit2wynit said:
I don't want to be sitting at the screen all day. I want to do 2 hrs and do something else.
Tell hows that working out for you???????????
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3 minutes ago, nit2wynit said:
@Foxy I don't understand how you don't understand.
move 2 pts. Take £10 profit. Move 2 pts take 10 profit. Do this 20 times. Some of the reversals in that chart are nearly 20 pts. I don't want to be sitting at the screen all day. I want to do 2 hrs and do something else.
That chart is also hindsight. Of course it's easy to show i and out points.
Tell me, what's your Bid on those moves? Stop loss, Margin etc.?
Thanks20pts @ £1.00 = £20 but 20pts @ £5.00 = £100 You need to give the market 20pts to move anything less will end in you getting wiped out over and over, this s your problem!!!!!!!!!!!!!!!!!
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41 minutes ago, nit2wynit said:
@Foxy I play for 2pts at 5 per point. Ironically it's safer as it's quicker. Most up and downs patters are 5-10pts, unless i lose focus and get stuck in a 3pt up and down consolidation, so happy if I can grab 2 or 3 of them providing I've gone in the right direction in the first place. I know it's risky as it's proven today. Pre market actually dropped about 20 pts to start the day, so thought it was setting up for a big drop.
I need to reset.I don't understand how you think it's safer to work on 2pts
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7 minutes ago, dmedin said:
I'm lost with that one ...
Fascinating to see so many different analyses. The ones on here totally different from Josh Mahoney's today. Don't blame anyone for being confused. I am starting to really despise short-term trading, even hourly charts just seem to be 'noise'.
Don't get me wrong, I don't scalp, I don't trade on M1 charts & I don't trade FTSE so there are far too many lines for scalping, but I did hope even you would see some sense in the obvious direction of the trade. If you can't see 3 x 20 points you could easily have scalped you may be well advised to put your money back in the bank.
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This is FTSE Today from 08:00 I can see three great Long scalps, should have been a great day. I hope this helps & good luck
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1 hour ago, nit2wynit said:
I'll try again tomorrow and see if that works. My stops are a direct relation to the movement within the trend.
Today i just had every Bet going the wrong way. We'll see. Whatch this space for a bankruptcy notice. lol
First, find the direction of the day then use a scalping curve such as @Caseynotes has suggested but only trade in one direction that will keep your losses down and your head straight, if you have the direction right you will get a few good scalps and that's all you need. There will be pullbacks and corrections but these just reload your gun.
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25 minutes ago, dmedin said:
I love the colour scheme on your charts.
A picture paints a thousand words
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23 minutes ago, Bell said:
@Foxy would hold for a move to 25400 - 25000 theoretically on spread bet play.
Market oversold.
Stated long term am not confident about this index. Short end is the way to play on a large position.
The second time 25000 is broken will be the key play down in my opinion.
That would likely take us down to 23500 -23000 zone. all the best.
I see resistance @25350ish on the Dow any higher than that and I think June will be a Bull month, it sounds daft but it does seem to work a little that way, month by month. We may even see the Dow get there tonight and that will be interesting for the rest of the week. It looks like I'll be up late tonight looking for that short especially if the Dow gets to 25350 then pulls back. I trade the Dax but the Dow is the Boss.
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Here's the same chart for the Dax. support @ 11926 and resistance @ 11990 so long as 11990 is resistance this is probably the high to sell when the support breaks. It looks like it has rejected 11990 for now.
Is spread betting for fools?
in New to IG Community
Posted
@dmedin
OK I'll bite, Looks like a great one to short just need to keep an eye out for a bounce of 590 otherwise just hold short till it changes. I didn't realise you use a program, is it your own on proreal?