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121

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Posts posted by 121


  1. Here is a bit more to help you along. If you are are going to start using art not science for price discovery the first thing you got to do is learn to work the machine/market to your advantage. You've got to take precise control of risk, and cut out emotion. You've got to make yourself invisible and beyond reach when you take a decision, and you need an in and out strategy. Think of wargames, and special operations, and imagine the hostile enviroment you are about to enter is a market which takes no prisoners - a zero sum game. Always do your research/homework first that way you'll have the best chance of not getting at best ambushed and at worst wiped out.

     

    Get lots of experience on the Demo account first. You've also got to learn money management, and risk control. Not all wins make money if your not good at money management and risk control. It will also never be good if one loss can wipe you out. Many people will tell you the longer you hold on to your money the more you will learn and hopefully survive. IG can teach - there is the academy and all sorts of goodies and it's all free. People pay hundreds and sometimes thousands just to attend workshops, conferences, and seminars. Enjoy !!!!

     

    Need some fun ideas with Bollinger Bands let me know.


  2. Over ten years work. Decades. It's a continuous work in progress. Everybody knows how dangerous binaries are so even though I got five days right in a row (a whole week) with winning odds between 100% and 500% they would still think I got lucky!!! By the way it was all for fun - I didn't put money on but was just trying to win the monthly competition. That is why it's worth you taking a bit of time to learn on the Demo account and through the Academy it can be just as fun especially now that there is a monthly competition on. You've got to get all the right info you need on your screen in front of you. Obviously not everything that professionals use is covered by IG, but IG do have clients winning over six figures a year so you are in good company when you trade through them.


  3. There is loads of information on the IG website the problem is many people do not have the time to go through it all. But I'm sure James can help direct you. Personally I'm one who has never had that time. I watched the webinar on crypto-currencies for an hour and it was fun. Interesting also to see how the new platform can be used effectively. I always think I can fit more onto the screen with the older one, or, that I have more control. I may now try having another look at the new platform.


  4. I've been doing some research. It's been a boring week for me as I've have had some really massive technical problems to sort out with my computer hardware and software and which is why I've been so much unusually distracted by Bitcoin - my speciality being the Nikkei 225 !!!!

     

    With the futures market about to open I thought to sound out some inside opinion.

     

    I googled the words "bitcoin futures precedent" and started reading some interesting results about the future of the Bitcoin market and the likely effect and performance of the futures market in the initial stages. Good insider insight as well on the many questions and comments being posted on the IG website !!!

     

    Enclosing links to some of the articles I've been reading:-

     

    https://www.forbes.com/sites/valleyvoices/2017/12/08/wild-west-crypto-futures-bitmex-talks-to-lloyd-george/

     

    https://ftalphaville.ft.com/2017/11/29/2196222/why-bitcoin-futures-and-a-shoddy-market-structure-pose-problems/

     

    http://www.businessinsider.com/bitcoins-6-biggest-risks-2017-11

     

    Enjoy!!!


  5. Enjoyed reading your work. A lot of people must be thinking what opportunities there are in simultaneously buying one crypto and selling another or trading differences.

     

    I don't have a position in this market but created some charts Boll 20 & 3.00 MACD 12, 26 & 9 and Stoch 5 & 3 no confirmed sell signal yet but now market looks a bit stretched check out the daily Bitcoin (GBP) top bollinger band - it does not look like it will go much higher than the high already reached around 12,000 !!!! Going forward bar a massive security breach I think the frenzy will continue until all the possible bitcoins have been mined or the small gang of people who control Bitcoin roll out phase 2.

     

    Enjoy!


  6. I used to do a lot of Technical Analysis but now prefer creating proprietary/custom made algorithms plus stats. I couldn't help however taking an interest in Bitcoin just for fun. I created some charts Boll 20 & 3.00 MACD 12, 26 &  9 and Stoch 5 & 3 and I couldn't help thinking that GBP Bitcoin could drop to 6,000 or even 4,000 next week !!! I'm not betting any money on it though !!! Enjoy !!!

     

    Interesting article on crypto currencies !!!

     

    https://www.thestreet.com/story/14278080/1/bitcoin-s-biggest-problem-revealed.html


  7. Nikkei 225 Daily Bets on daily close - based on how easy it's been to predict close within 2 min. of open today the market opened up c.192 points and my algorithms tell me the market will close up. Also helps that on days when the market opened up my algorithms made fewer mistakes. Also helps that since Sept. 1 all the eight days that have followed a close above 110 have closed the next day up. Also helps that of the nineteen days out of 57 when the market opened up or down over 110 points since Sept. 1 only once did it not close in the same direction (see my stat postings). Also helps that for the past 17 months the first day of the month has always been an up day for the NIKKEI 225. Enjoy !


  8. There are 758 cryptocurrencies with average daily transaction volumes under $10,000. Only 88 of them have an average volume above $1 million. Bitcoin leads the way with about $2 billion in daily transaction volume. 472 of the 1,213 cryptocurrencies just started trading this year but only 20 of the currencies are actually being used for something other than trading. The rest are purely speculative trading instruments. Some of these cryptocurrencies may fall out of fashion and turn to junk maybe therein lies the current risk? Then again Big boys are only just moving in and a positive factor for the price, or maybe just moving in ahead of an expected crash and planning to use it to build a new world order!!! Enjoy !!!


  9. Trading is a multidisciplinary game I don't think the best could win or survive long term using purely technical analysis if they didn't first do their homework and create a book of stats that give them the edge. Think about it, If anybody is trying to create and sell something commercial that works they have got to prove it with stats.


  10. For all you lovely Macro traders out there hyper creative, great eagle eyes, lovers of charting (winning/surviving being more important than money) I hope you share some of my thinking in your work. As you can see at the moment my current algorythms (always evolving) are on a roll, and so is the Nikkei 225 - will it overtake the DJIA (it's not far behind) ........... I also added some simple stats - my angels and demons. Today 30.11.17 you'll see the demons I chose to ignore. Angels won !!! Enjoy !!!


  11. Nikkei 225 Daily Bets on daily close - based on how easy it's been to predict close within 2 min. of open today the market opened up c.5 points and my algorithms tell me the market will close up. Also helps that on days when the market opened up my algorithms made fewer mistakes. Also helps that since Sept. 1 all the eight days that have followed a close above 110 have closed the next day up. Interesting advance statistic before todays open that for the past 15 months the index has always closed in the direction of the open except for the end of March 2017. Enjoy!

     

    P.S. I have chosen to ignore the statistical pattern that last day end of Nov 2011 market was down, 2012 was up, 2013 was down, 2014 was up, 2015 was down, 2016 was up, 2017 ? Enjoy !

     

    P.P.S. I have also chosen to ignore the statistic that since last day end of Mar. 2017 which ended down the market only ended the last day of the month up in Aug. 2017, and from Sep. 2016 which ended down the market only three times ended the last day of the month up Nov. 2016, Feb. 2017, and Aug 2017. Enjoy !


  12. Nikkei 225 Daily Bets on daily close - Interesting advance statistic before todays open that for the past 15 months the index has always closed end of the month in the direction of the open except for the end of March 2017. Enjoy !


  13. Nikkei 225 Daily Bets on daily close - based on how easy it's been to predict close within 2 min. of open today the market opened up c.128 points and my algorithms tell me the market will close up. Also worth remmembering that of the nineteen days out of 57 when the market opened up or down over 110 points since Sept. 1 only once did it not close in the same direction (see my stat postings). Also on days when the market opened up my algorithms made fewer mistakes. Enjoy!

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