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

[wallstreet1928]

pretty nice morning, hope it will be this interesting all day.

good morning to you too my friend

 

[wallstreet1928]

yes my friend, im fine. I see youve started well on the day. Im still waiting...lol

No it is good to wait patiently and let the market come to you rather than chasing it

 

[KillPhil08]

You got in too early is what i meant, are you talking about cash price, because overnight my charts show 3765 as the high.

 

[wallstreet1928]

You got in too early is what i meant, are you talking about cash price, because overnight my charts show 3765 as the high.

I trade CFD's my friend with CMC markets

the high from last night was 3752 ........(very close to stop loss )

 

[wallstreet1928]

long gold 896 ...stop loss 890

target 905

closed @ 802.2

taken $6 profit on Gold..........

60% of daily profit target almost hit............

need 2 more trades to exceed it

 

[wallstreet1928]

I am buying barclays 71.4 .....stop loss 65

target 80

 

[wallstreet1928]

You got in too early is what i meant, are you talking about cash price, because overnight my charts show 3765 as the high.

thank you for your input my friend,

I know you are very experienced and a novice like me will certainly learn from you so please keep posting my friend

 

[wallstreet1928]

nice break out of the channel on the Nasdaq

 

[miskec]

good luck mate, hope you do well today, as we all!

 

[wallstreet1928]

I am buying barclays 71.4 .....stop loss 65

target 80

getting bored with this taken profit @ 73.4

70% of profit target hit

last trade should do it

I am going long FTSE 3715 ...stop loss 3685

target 3800

 

[Mr Squirrel]

OK, are we sitting comfortably? Then I shall begin...

This is the first chart I have posted and I would be grateful for some feedback (and hopefully confirmation).

I know it looks like a horrific scene out of Resident Evil, but stay with me... I am looking to see a bounce off the what I hope will be resistance where I have placed the diddy red arrow. I know the horizontal lines look random, but they are based on data that cannot be seen in full.

I'm not trading this because I am rather busy today, but if I were, I beleive I would be looking for confirmation of rejection and probably aiming for 3600ish.

Does anyone agree or think I've been at the brandy?

Loving the thread WS!

S

 

[wallstreet1928]

OK, are we sitting comfortably? Then I shall begin...

This is the first chart I have posted and I would be grateful for some feedback (and hopefully confirmation).

I know it looks like a horrific scene out of Resident Evil, but stay with me... I am looking to see a bounce off the what I hope will be resistance where I have placed the diddy red arrow. I know the horizontal lines look random, but they are based on data that cannot be seen in full.

I'm not trading this because I am rather busy today, but if I were, I beleive I would be looking for confirmation of rejection and probably aiming for 3600ish.

Does anyone agree or think I've been at the brandy?

Loving the thread WS!

S

thank you for your kind words my friend

nice chart and some good trend lines drawn there my friend

But my analysis states that we we will be going northwards to 3900-3950 in the medium to long term

but if you are talking short erm ten thats another story

 

[wallstreet1928]

Something interesting happening here guys

FTSE chart

 

[Mr Squirrel]

Hmmm...

I now beleive there's an upward channel formed and it could go either way. So I reckon place an order to buy at 3773 and an order to sell at 3679. I'm not actually going to place the trade because I'm still getting to grips with the live thang, but I'm watching with interest...

 

[wallstreet1928]

I now beleive there's an upward channel formed and it could go either way. So I reckon place an order to buy at 3773 and an order to sell at 3679. I'm not actually going to place the trade because I'm still getting to grips with the live thang, but I'm watching with interest...

yes but what if there is a fake break out on either side then what?

or what if your spread bet company spikes the market either side which doesn't reflect the actual market and your orders are triggered, then what ?

these are all things one must consider my friend?

 

[wallstreet1928]

I am shorting Gold 900.6 .............stop loss 910

target 893 !!

 

[minime69]

I am shorting Gold 900.6 .............stop loss 910

target 983 !!

tgt 883???

 

[wallstreet1928]

tgt 883???

sorry minime you don't miss a thing

it should be 893 but i have already taken profit of $4

I took it at 896.6

 

[wallstreet1928]

I am shorting Gold 900.6 .............stop loss 910

target 893 !!

taken profit of $4, closed position @ 896.6

it wasn't working out as I liked and I am busy analysing something more lucrative

 

[Mr Squirrel]

I take it not much is going to happen now until US opens...