How To Read Morning Star Candlestick Pattern

These points tell you where the most likely support/resistance zones would be. These are determined based on the prior historical data. While the security can breach zone points closer to the middle, the further they go, the more likely it is that they’ll turn around. You can also try and estimate whether the trend will continue or not. It’s not completely reliable, so you may want to close some of your positions on the market to minimize the risks.

If there are indicators that clearly show that the trend will continue, then it’s only reasonable to do so. It can lead both to a full reversal of the trend or to its continuation. It’s a phase where, basically, numerous groups try to fight for control over the trend. There are also other indicators and tools, and you are generally advised to use as many as you can, considering you can read them.

Our trading room is like a compass in the desert. At any time during your trading day, we’ll work together and figure out which direction to go and exactly which path to take. Matching the trading strategy to the trader’s unique character.

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It’s not magic – it’s just a combination of supply, demand, volume and other factors. The only problem with waiting for the confirmation is that you’re not the only one. If it works, a lot of people who don’t even know what a Morning Star candlestick pattern is will notice that the winds have changed and hop onto the new trend. Doji pattern can appear both after a lengthy bullish trend and a lengthy bearish trend. The direction of the candlestick itself isn’t really substantial.

  • However, the content issued by the company and/or ‘Gold’ does not address certain customer limits and it is advisable to consult a personal investment adviser before making any decision.
  • The Star is not indecisive, like Dojis – the bearish traders simply can’t push any further and are forced to give into the bullish trend.
  • Our trading room is like a compass in the desert.
  • At any time during your trading day, we’ll work together and figure out which direction to go and exactly which path to take.

What it means, in the end, is that people tried to wrestle the price one way or another, but in the end, no side won – the price didn’t change at all and the trend stopped in a stalemate. Trading usually starts where it ended the day prior – in the same direction and largely with the same ferocity. Each day, our trading room brings Wall Street right into your living room or home office. Every trading day, you will receive all the data, interpretations, analysis and information about the hottest, most interesting stocks to follow. Learn to analyze the company’s business activity, its financial statements and results, in comparison to the competitors.

The word ‘Doji’ originates from Japanese, where it means “equal thing” and it’s very descriptive of the actual pattern. People don’t often balance out one another’s decisions in trading. Doji happens when the trend enters a stalemate, then a lot of people try to push the price one way, and then another group pushes it back.

Logic Behind Morning Star

Lucky you, the ‘Morning Star’ is one of the most common candlestick formations. Like many other it signifies a reversal of a trend. Basically, when it happens, it will turn a bearish price movement into a bullish one. Like many still, it’s only a bullish pattern – meaning it will only result in a bullish trend if done right. The knowledge and approaches that are presented in trading courses are created and applied daily by successful traders, so you can be sure that the information you learn is relevant.

what is a morning star candlestick https://www.bigshotrading.info/blog/morning-star-candlestick-pattern-spotting-reading/ 'morning star candlestick pattern'

But for starters, you can just use the combination of pivot points, your own feeling and the intraday readings on the third day. With a small and slowly applied effort, you can start working on yourself and do it with maximum confidence. Formation of understanding of trading psychology, etc.

There Are Three Main Trading Styles In The Capital Market

Before customers can become ‘Gold’ customers in the trading room they will have to fill out a ‘Gold’ registration forms. However, the content issued by the company and/or ‘Gold’ does not address certain customer limits and it is advisable to consult a personal investment adviser before making any decision. Research and experiences indicate that trading in the capital market may be risky and unsuitable for everyone.

The things you’ll need to look at are price extremes & the latest trend direction. It’s also better to keep in mind where the closing price is in relation %KEYWORD_VAR% to the opening value. Morning Star candlestick pattern occurs in the culmination of a downward trend and is followed by a rising upward trend.

Now the total experience of her trade is 18 years. Over the years of trading, Carolyn has developed its own strategy that allows even those who have never traded on the stock exchange before to earn money. She also creates market forecasts and advises major shareholders, compiles investment portfolios, and teaches how to work with automated advisors. It will not appear just anywhere and there aren’t as many price swings inside the daily period of the candle itself. The Star is not indecisive, like Dojis – the bearish traders simply can’t push any further and are forced to give into the bullish trend.

It’s not too reliable, however, and you’ll want to use other facts to back it up. If you aren’t sure, then you can just close part of your positions and see if your conclusions about the trend continuation prove true. Sometime during the day, the normal trend is overtaken by the traders with the opposite goal . It’s also hard to see it coming – nor do you often need to anticipate it, seeing how Doji itself is a herald of an upcoming trend change. It’s true that you can often try and push the price where you want it by exploiting the moment of indecision, but it’s also a tad risky and doesn’t really have any real profit to it.

what is a morning star candlestick https://www.bigshotrading.info/blog/morning-star-candlestick-pattern-spotting-reading/ 'morning star candlestick pattern'

These zones are basically your floor and ceiling. Under normal circumstances, the price wouldn’t go beyond the very top or bottom. So, by logic, if a Doji happened close to one of the absolutely support or resistance levels, then it’s likely to turn back after the pattern – it’s simply a natural order of things. Whether this battle is intentional or just a natural occurrence on the market, the price is bound to return to the opening value. The pattern doesn’t have any special powers – it’s the behavior and results of this one candlestick that condition it to become a Doji, not the other way around.

Understanding Doji Candlestick Pattern

It often leaves the supply of the traded security too big, which leads to the lack of demand and the increase of value. This change of mood happens during the second day, although it doesn’t always mean that the trend is about to change. Research shows that fully understanding the three trading styles increases the novice trader’s chances of success. That’s why we’ve decided to combine all styles, in an effort to provide you with a broad and effective toolbox.

Spotting Morning Star

This happens because this pattern is almost always in the bottom of the trend, meaning it’s close to the support zone. In this new market, the demand may be off-the-charts, and you’ll simply be unable to buy the security early enough. You can try and estimate whether the Star is going to result in the bullish turn or not.

There can be many of these swings, and they don’t just happen because people got together and decided to teach the other group a lesson. Sometimes, some company simply decide to sell off its shares, and it moves the price way up, nullifying the intraday trends that developed prior to that. The Morning Star candlestick pattern is almost like a Doji pattern – it’s a small candle that signifies a reversal. The difference being, a lot of the Doji candles aren’t reliable and will prove continuation as much as reversal. Naturally, for any security, the floor would be different – some like to fluctuate over time a lot more than others. But the price will still have to turn around once it drops low enough.

After that, the initial group could try to return the price back to normal, which could result in any number of swings.

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Thanks to online trading courses, you can also become successful, a professional in your field and gain self-confidence. The acquired knowledge will allow to easily navigate the modern markets no matter if you are an experienced trader and only started to dive into the whole trading subject. Anyone Venture capital can take trading courses online at convenient for them place and time and get a chance to change their life for better. Carolyn Huntington is an economist, professional trader, and analyst. She made her first big deal in her student years with a profitable investment in Facebook stock.

In trading, it’s very important and beneficial to memorize patterns of candlesticks. The good thing about them is that they reoccur often enough. If you know how to spot one, you’ll be able to anticipate the next step before it happens. You shouldn’t try to memorize Forex Club all of them, but learning the most commons ones is mandatory. Learn several trading strategies, all of which have been tested and polished by our trader team over a long period of time. Secondly, you may want to see the intraday charts of the Doji candlestick.

There are three main trading styles in the capital market. First of all, set realistic goals and do not forget to trade safely. Training slowly and step by step gives you more chances to claim the final success. You can close your positions (either sell or buy back the shares if you’re shorting) or decrease your stake in them.

Work according to a well-developed plan and stick to it – without taking too big a risk or getting emotional – instead, formulate and follow a well-planned strategy. If you want to be really professional about it, you can look up several exquisite tools and indicators. For down-to-earth trading, however, you’ll need just a few basic instruments plus your brain. You can continue to trust in the trend and ignore Doji.

Big Shot, directly or indirectly, makes every effort to train its customers to be successful and profitable traders in the capital market. However, it will not be held liable in any way for any damage and/or loss that may result from relying on the training program in full or in part, insofar as it is incurred. In part, it is forbidden for the students to use the Merchant Community Platform to distribute potentially valuable content as investment advice. In the event that a particular student does so, Big Shot reserves the right to prohibit that student from using the Merchant Community Platform permanently. No part of the training program may be transferred to any third party without the prior written approval of Big Shot. It is recommended to read the relationship agreement before using the training program.

If you aim to trade frequently and look at the graphs on a regular basis, you’ll be seeing this one a lot. For amateurs, that would be just generic group of candlesticks. If you are a beginner trader – Trading Courses will teach you a unique trading system, the essence of which is an understanding of the market cycles development processes, expressed in price dynamics. If you don’t know enough, trading in stocks is no different than gambling. If all of them are pointing in the same direction, it’s likely that the starting trend on the next day will copy them.

Author: Jen Rogers

Forex Training For Beginners

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We recommend writing down some of the things you learn here later as a set of Forex trading notes that you can quickly refer back to. It may take some time to remember everything we cover. Sell if the market price exceeds the lowest low of the last 20 periods.

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Going through the list, there are a lot of names that pop out. IG’s ease of movement indicator offers a closer look at volume by showing you how it relates to price action. Using EOM, you can identify whether market movement is being driven by a comparatively low volume of trades. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. HYCM was established in 1972 as a gold and silver trader in Hong Kong, and the HY Markets online trading platform was launched in 2007. Henyep Investments is licensed by the FCA, and they provide access to trading services in 140 countries through five offices around the world.

You still need to analyze these shares and then make a trading decision yourself. In addition to knowledge of the basics of trade, you must have a number of personal qualities. A trader must be emotionally stable, independent, disciplined, able to make quick decisions, ready to take risks. It requires mathematical ability, social and communication skills. Many of these qualities can be acquired through awareness and practice.

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Stock market beginners should learn and understand few basics of share market before starting stock trading. Check out our stock market how to for new investors. Featured here are online, DVD, virtual, and mentoring classes. So this beginners start market day trading course is mostly aim that low cap stocks, you know, stocks $6 or under and held to trade him. You know how to have a training plan with, um, you know how to where to buy and sell that.

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Throughout the program, we will support and assist you with any question you might have, so you feel totally confident to start trading and making money on your own. We’ll conduct online conference calls to answer any question. You’ll also have a dedicated Facebook group where our traders and professional team will be available to you. Our mission is to provide the best stock market education to students all over the … 4-week virtual classroom courses to maximize your trading abilities. The Trading Strategy Desk ® at Fidelity is here to assist investors with developing and implementing more informative trading strategies.

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Picking The Best Hammer Candlesticks

The stoploss would be set at a level that is just below the low of the hammer candle as noted by the black dashed line below the entry. Let’s take a closer look at what the actual hammer candlestick appears like. They are found on all different time frames such as the daily, weekly, monthly, 1 min, and 5 min charts. They are a very popular reversal candlestick for day traders and momentum traders, especially when found on a 5 min intraday chart. Because of his realization we have Japanese candlesticks patterns.

  • After a 6-day decline back to support in late May, a bullish harami formed.
  • The green horizontal line signals our entry point – where the hammer closed.
  • Hammers can also sometimes be confused with Doji candlesticks.
  • The common reversal patterns include the double tops and double bottoms, triple tops and triple bottoms, broadening tops and broadening bottoms, …
  • If you highlight them all on a chart, you will find that most are poor predictors of a price move lower.
  • This is neither a solicitation nor an offer to Buy/Sell any securities.

The price action following the entry signal traded in a sideways manner for about two weeks before breaking to the upside and reaching our measured target level. Lastly we want to make sure that the size of the hammer formation is at least equal to or larger than the average candles within the downtrend. That fulfills all of the requirements for initiating hammer candlestick a long trade based on this hammer trade set up. Additionally you can see that the body of the hammer candle is relatively small and closes near the upper end of the range. Finally, notice the relatively small upper wick within this formation. A hammer is typically a bullish pattern that’s found at support levels or the base of a downtrend.

Basics Of Hammer Candlesticks

Since the hanging man hints at a price drop, the signal should be confirmed by a price drop the next day. If it’s an actual hanging man pattern, the lower shadow is at least two times as long as the body. The term “hanging man” refers to the candle’s shape, as well as what the appearance of this pattern infers. The hanging man represents a potential reversal in an uptrend. While selling an asset solely based on a hanging man pattern is a risky proposition, many believe it’s a key piece of evidence that market sentiment is beginning to turn.

Does the color of a hammer candle matter?

A hammer can be of any colour as it does not really matter as long as it qualifies ‘the shadow to real body’ ratio.

The price action on the hammer formation day indicates that the bulls attempted to break the prices from falling further, and were reasonably successful. Success in using the hammer trading strategy depends on the market context, candlestick location, other confirmations, and market momentum. The hammer candlestick indicates buyers regaining the momentum after an asset makes a new low. However, the buyers’ strength at the end of the day might be a sellers’ retracement. The hammer perfectly complements other price action tools, such as moving average, support resistance, trend, etc.

How To Recognize A Hammer Pattern

If the hammer candlestick is bullish, for example, it helps if it has the lowest candle wick of the past 5 or so candles. Similarly, if the hammer candle is a Flying Buddha candlestick, that is also a positive sign. There are several filters that can be applied that have been proven to signify when a positive edge is likely to be present. Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange.

hammer candlesticks

To do so, we have to confirm that a prior downtrend was in place prior to the hammer candlestick formation. Let’s now go back to the hammer candle itself to study it’s size in relation to the average candle size within the progression of the downtrend. The inverted hammer pattern on the other hand is usually seen in the same locations as the traditional hammer formation we studied earlier. The wick on a hammer chart pattern shows there’s still plenty of sellers. You need more buying pressure and volume.What does volume mean in stocksis an important part of trading. Because hammers show there are still a lot of sellers a lot of volume can go a long way to reinforce how valid the reversal is.

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In fact, candlesticks are used to gauge emotion in the markets. As a result, a stocks actual value might be different than the price it’s currently trading at. The real body should be at the top of the candlestick trading range. This real body can be bullish or bearish, but preferably bullish. To limit losses, the trader places a Stop Loss order at the low end of the hammer candlestick. Continuation patterns indicate that there is a greater probability of the continuation of a trend than a trend reversal..

Can a hammer candle have an upper wick?

The hammer candlestick appears at the bottom of a down trend and signals a bullish reversal. The hammer candle has a small body, little to no upper wick, and a long lower wick – resembling a ‘hammer’. … The extended lower wick is indicative of the rejection of lower prices.

The Hammer formation is created when the open, high, and close prices are roughly the same. Also, there is a long lower shadow that’s twice the length as the real body. As a result, the next candle exploded higher as the bulls felt that Super profitability the bears were not so dominant anymore. Hence, the inverted hammer should be seen as a testing field in this case. As soon as the bulls felt the bears’ weakness they reacted quickly to drive the price action and secure a major victory.

Longer Lower Shadow Is More Bullish

By accessing our content, you agree to receive special updates, offers, and advertisements from Pure Power Picks and to be bound by the Terms Of Service. If the hammer forms in a downtrend, but doesn’t reach a new low, this is a mixed case and is typically not treated as a reliable reversal signal. Here is a bullish hammer in Caterpillar that foreshadowed the reversal of its downtrend.

hammer candlesticks

The success rate of this pattern depends on the body and the wick’s length. The ultimate approach is to identify the price direction based on price action analysis. However, finding the price direction requires complex analysis and multiple confirmations using trading tools like candlesticks, price patterns, and trend recognition.

Candlesticks Light The Way To Logical Trading

Look for bullish reversals at support levels to increase robustness. Support levels can be identified with moving averages, previous reaction lows, trend lines or Fibonacci retracements. The entry order is noted on the price chart and should be placed immediately following the confirmation of our conditions above.

When an inverted hammer candle is observed after an uptrend, it is called a shooting star. In the 5-minute Starbucks chart below, a bearish inverted hammer denotes a change in trend. When a hammer candle indicates a bearish reversal, it is known as a hanging man.

At its core, the hammer pattern is considered a reversal signal that can often pinpoint the end of a prolonged trend or retracement phase. We will dissect the hammer candle in great detail, and provide some practical tips for applying it in the forex market.. After a long downtrend, the failure of sellers and the presence of buyers from a random place are more reliable than a hammer candlestick. They signify that the price has already moved a long way, and it should correct higher.

hammer candlesticks

Depending on the formation of previous trends, hammer patterns can often actually be hanging man patterns or shooting stars. Typically, hanging man patterns come after a wave of buying and tend to be bearish indicators. Underlying Hammers can also sometimes be confused with Doji candlesticks. Doji actually indicates indecision, since it contains both upper and lower shadows. The Morning Star pattern signals a bullish reversal after a down-trend.

However, the bulls surprise them with a press higher to secure the bullish close. At this point, it is clear that the balance has changed in favour of the buyers, and there is a strong likelihood that the trend direction will change. The hammer is a bullish reversal candlestick that appears after an extended downtrend. No trading tool can guarantee you a 100% profit within any financial market. Hammer candlestick patterns occur after a security has fallen in price, typically over three trading days.

The only similarity between a doji and hammer candlestick is that they are both signs of reversals. While the hammer pattern has a relatively big body, the doji pattern does not have a body since the price usually opens and closes at the same level. The core event of a hammer candlestick happens in the lower shadow. Thus, the success rate of the candlestick depends on how long the wick is, compared to the candle’s body.

The bulls till overtook the bears but price didn’t get back above the opening price of the candle. I’m not sure if we are looking at the same candle, are you referring to the one with a very small upper shadow? Anyway, candlestick patterns do not guarantee price movements, it only enhances the probability of the move to happen in the expected direction. The paper umbrella is a single candlestick pattern which helps traders in setting up directional trades. The interpretation of the paper umbrella changes based on where it appears on the chart.

Author: Julia La Roche

Futures Trading, Elevated

Our trading application offers specialized futures trading tools and a US Futures market scanner. As day trading brokers close the same day they open, there is no risk at night. Price volatility, the value of an asset changing, is increased when positions are left open overnight.

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Complicated analysis and charting software are other popular additions. These types of systems can cost from tens to hundreds of dollars per month to access. One can learn a great deal about Swing trading the futures markets in a short period by day trading. Day traders typically make more than a few trades every day; compare that to position traders who might make only one trade a week.

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Pullbacks form when market participants start to take profits, pushing the price in the opposite direction of the initial breakout. Market participants who missed out the initial price-move are waiting for the price to return to the broken support/resistance level in order to enter at a more favourable price, pushing the price up again. Futures are standardised contracts, meaning that the quantity of the underlying asset is always precisely stated. For example, a futures contract on the British pound has a size of exactly GBP 62,500, a contract on natural gas 10,000 MMBtu , on Crude oil 1,000 US barrels, and on gold 100 fine troy ounces.

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Conversely, if you sell a futures contract, you are entering into a contract to sell the underlying security and are considered “short” the contract. The price at which the contract trades (or the “contract price”) is determined by relative buying and selling interest on a regulated U.S. exchange. TD Ameritrade’s strongest suit might just be its much-lauded thinkorswim trading platform, where in addition to stocks and options, you’ll be able to trade forex, futures and futures options. You’ll have access to more than 400 technical studies, and you’ll have plenty of other tools that pro traders love. Plus, those looking for more fundamental research will find plenty. One of TradeStation’s top features is its flexible and convenient pricing plans, but the broker also offers a fantastic trading platform, too.

Margins

Once you’re ready to start trading futures, begin with simulated trading to become familiar with market terminology, price quotations and the general behavior of a specific market. TD Ameritrade also offers comprehensive education to futures traders. You can explore videos, articles, webcasts and in-person events on multiple futures topics. You can also use futures options on futures in a brokerage account and futures in an IRA account if you’re a qualified investor. Longer-term trading can mean holding a long or short position overnight, a few days, weeks, or for more extended periods.

In our research, we found that Interactive Brokers stood out by charging substantially lower fees than its rivals in several areas. It’s IBKR Pro tiered pricing plan offers better rates for direct access trading than other leading trading platforms for professionals. We also noted lower commissions for futures trading, and the lowest margin rates among the platforms we surveyed. Margin, when discussing futures contracts, is different from margin in a stock brokerage account. The margin minimum for futures contracts determines how much you’ll need in your account to begin trading specific contracts. For example, the minimum margin to trade the E-mini S&P 500 Index futures contracts is $12,650.

Because many allow you to trade futures contracts on margin, you will need some minimum account equity to begin trading. Finally, when selecting a brokerage, day traders will find that a brokerage’s typical account minimums do not apply to them. Instead, pattern day traders must maintain at foreign exchange market least $25,000 of equity in their accounts or they will not be able to day trade, according to FINRA rules. These are by no means the only day trading apps around, but they are the best of the best for 2021. When you’re considering which investing app to use, consider the total picture.

How Futures Change Bitcoin Prices

On the other hand sometimes it is easy to move or even manipulate a particular stock and even a foreign currency market. Most stockbrokers require a special account with higher requirements for you to be able to go short. Some stocks are not shortable, or have limited shares that can be shorted.

This may be part of what causes the S&P 500, Dow 30, and NASDAQ 100 indexes to gap up or down when US markets open. I used Interactive Brokers for a number of years as my main investing platform. It offers access to the most order types of any of the brokers listed.

Security futures positions may be held in either a securities or futures account. Your brokerage firm must tell you whether your security futures positions will be held in a securities account or a futures account. You also may have a choice about which type of account to hold your funds and positions. Before you do business with any security futures professional or firm, you should check out their background. Both FINRA BrokerCheck and the NFA’s Background Affiliation Status Information Center offer online access to important information about your broker or firm.

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The CME offers some of the most familiar futures products you can trade. While it’s notoriously difficult, day trading can yield large rewards for the minority that manage to succeed over time. Increasingly efficient markets and the rise of algorithmic and high-frequency trading have made day trading harder for individuals. We were able to quickly reach a representative and not left on hold.

Common Investor And Trader Blunders

Our trading systems are dependent to a significant degree on the proper functioning of the computer systems used to generate trading signals. Any such failure, and consequential inability to trade , could, in certain market conditions, cause a client’s account to experience significant trading losses or to miss opportunities for profitable trading. Almost all futures trading platforms are designed for the windows operating system. To trade futures, you must have a margin-enabled brokerage account or eligible IRA account. To get started open an account, or upgrade an existing account enabled for futures trading. Most traders agree that individual stocks and therefore, the market as a whole follow the futures indices, and not the opposite.

SmartAsset’s free tool matches you with up to three financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. In addition to transferring money from your bank accounts, Interactive Brokers lets user deposit money directly from checks with its mobile check deposit feature. So if you’re looking to trade early and often, there are few options better suited to you than this app.

Although many day traders might not be as familiar with the 10-year Notes as with index futures, the volume alone might be sufficient enough to make traders reconsider. It all depends on the qualities or characteristics you find preferable in a given futures contract. So, in other words, the “best market” to trade depends on what you consider makes a given market tradable in the first place. You don’t have to hold futures contracts for long to profit from them. They can be scalped by holding positions for seconds before closing them out for a gain or loss. You won’t pay any daily carrying fee for the positions held overnight.

How Do I Choose A Stock Market Futures App

When trading futures, you want to identify those opportunities which have the small spreads and a lot of liquidity. After Robinhood entered the scene, many brokers had to change their fee and commission schedules to remain relevant. The company slashed trading commissions to $0 and monetized other revenue streams, namely through the sale of order flow. You can link your TopStep account to platforms like TradeStation and Stock Rover, as well as a host of others. In effect, these rules mean that you’ll need significantly more in your account to ensure your trading privileges stay in good standing, since losses may quickly move you below the $25,000 level.

Have access to funds in case your losses exceed your original investment. The reverse would be true if the contract price decreased from $50 to $47. This represents a $300 loss to the buyer, or 40 percent of the $750 deposited as margin. Security futures involve a high degree of risk and are not suitable for all investors. As with any investment, if you don’t understand it, you shouldn’t buy it. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

Most market participants are still humans who have emotions and memories. When the market has difficulties to break above a certain price level, market participants will refer to that level as a resistance level. The pullback strategy is a powerful futures trading strategy that is based on price pullbacks. A pullback occurs during trending markets when the price breaks above or below a support/resistance level, reverses and retests that broken level again.

In some cases, exchanges offer E-mini futures and Micro E-mini futures products that are identical to standard futures products except smaller. The CME Group, for instance, offers an E-mini S&P 500 best futures to trade futures contract that’s identical to its flagship S&P 500 futures contract, except it’s just one-fifth the size. There are similar mini products in the grain, energy, currency, and metals sectors.

Author: Korrena Bailie