Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

TZ Futures · Nov 2, 2009, 2:13am

Good morning people! Heres our outlook for today...

Update 07:00 GMT
Current Level: 5006
Support: 4965, 4923, 4825
Resistance: 5045, 5075

All the gains from thursday were totally wiped out on friday and headed even lower. Breaking both important supports, we are totally bearish but not without a few bulls trying their luck every so often.

I would short at the first hurdle of resistance at 5035-5045 and target 4975-4965.

wallstreet1928 · Nov 2, 2009, 2:42am

Quote:

Originally Posted by wallstreet1928

EUR/USD ......................Key Level .....1.47

it will be absolutely key to see it above 1.47 in order for the market push higher on the morrow

Obvious short covering at present around the key 5000 level on FTSE hence the pop in the futures........

Also I mentioned a gap fill level which is absolutely key on SP500 last week @ 1040......although we closed below it, we could certainly recapture it and trade higher !!

we shall wait for a signal in the morning ..........

Good night to all

Good morning chaps

I will be posting my daily update later on for the FTSE

I will give everyone important levels for the morning very quickly

resistance
5041, 5062(gap fill fierce resistance), 5078

support levels,
obvious 5000 level, if breached then 4950

I have posted many more levels on Benzinga for all to see
http://www.benzinga.com/users/wallstreet1928

wallstreet1928 · Nov 2, 2009, 2:44am

Quote:

Originally Posted by Lakhan

Good morning people! Heres our outlook for today...

Update 07:00 GMT
Current Level: 5006
Support: 4965, 4923, 4825
Resistance: 5045, 5075

All the gains from thursday were totally wiped out on friday and headed even lower. Breaking both important supports, we are totally bearish but not without a few bulls trying their luck every so often.

I would short at the first hurdle of resistance at 5035-5045 and target 4975-4965.

what would your stop loss be my friend, I would presume its a mental stop .....

thank you

salomo · Nov 2, 2009, 3:01am

http://t.ymlp92.com/jmwacaejjavahqqavaeyew/click.php

I found this very interesting, it is in dutch but you will understand it.

fast trader7 · Nov 2, 2009, 3:20am

Morning all.
Volatility is back. did you notice DAX? I am going to be very careful with any longs here. you need wider stop loss.
9:30 UK Manufacturing PMI
3:00 US Pending Home sales
3:00 US ISM Manufacturing figures

Have a good trading day.

TZ Futures · Nov 2, 2009, 3:20am

Quote:

Originally Posted by wallstreet1928

what would your stop loss be my friend, I would presume its a mental stop .....

thank you

Stop loss at 5075 (remember this is for the FTSE DEC Futures)

pentlow1 · Nov 2, 2009, 3:24am

Quote:

Originally Posted by Lakhan

Stop loss at 5075 (remember this is for the FTSE DEC Futures)

Is it possible that you could quote your levels in cash levels as well?

TZ Futures · Nov 2, 2009, 3:36am

US Light Crude (DEC) Trading Tip - 02 Nov 2009
Update 08:30 GMT
Current Level: 77.28
Support: 76.55
Resistance: 78.50, 80.40

I would be long between our support level of 76.55 to the current price 77.25 with a target of 78.40, stop loss 75.80. The downside risk as it stands should be limited in the coming week with $75 holding pretty firmly and I would be buying into any dips.

Nov 2, 2009, 2:13am	#15889
TZ Futures Senior Member Member Since Jan 2009 131 Posts	FTSE 100 (DEC) Trading Tip : 02 Nov 2009 Good morning people! Heres our outlook for today... Update 07:00 GMT Current Level: 5006 Support: 4965, 4923, 4825 Resistance: 5045, 5075 All the gains from thursday were totally wiped out on friday and headed even lower. Breaking both important supports, we are totally bearish but not without a few bulls trying their luck every so often. I would short at the first hurdle of resistance at 5035-5045 and target 4975-4965. __________________ <<< Trading levels brought to you by TZ Futures >>> Trading Levels for FTSE, OIL and GOLD for FREE all in one place... http://www.trade2win.com/boards/uk-i...tml#post976576

Nov 2, 2009, 3:01am	#15892
salomo Rookie Member Since Jul 2006 5 Posts	Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders http://t.ymlp92.com/jmwacaejjavahqqavaeyew/click.php I found this very interesting, it is in dutch but you will understand it.

Nov 2, 2009, 3:20am	#15893
fast trader7 Senior Member Member Since Feb 2007 270 Posts	Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders Morning all. Volatility is back. did you notice DAX? I am going to be very careful with any longs here. you need wider stop loss. 9:30 UK Manufacturing PMI 3:00 US Pending Home sales 3:00 US ISM Manufacturing figures Have a good trading day.

Nov 2, 2009, 3:36am	#15896
TZ Futures Senior Member Member Since Jan 2009 131 Posts	US Light Crude (DEC) Trading Tip - 02 Nov 2009 US Light Crude (DEC) Trading Tip - 02 Nov 2009 Update 08:30 GMT Current Level: 77.28 Support: 76.55 Resistance: 78.50, 80.40 I would be long between our support level of 76.55 to the current price 77.25 with a target of 78.40, stop loss 75.80. The downside risk as it stands should be limited in the coming week with $75 holding pretty firmly and I would be buying into any dips. __________________ <<< Trading levels brought to you by TZ Futures >>> Trading Levels for FTSE, OIL and GOLD for FREE all in one place... http://www.trade2win.com/boards/uk-i...tml#post976576

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