Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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The 16500 looks really tempting for scalps I know, just be aware this may be a double top forming on higher timeframes
Not a moment too soon
My sell order was triggered overnight @ the magic 16,600 - hence my warning, I would be either neutral or short on cable right now imho
Indeed
Maybe some resisitance at 1.6470 for your short. Have you got a target in mind?
I'm holding my forex trades for longer than my trading with indices (24/72hrs) so I'm looking at higher timeframes, wider stops, smaller position sizes and not paying much attention to the bumps in the road - resistance levels like 16470 (which was only made in a high once, so minor anyway) will be smoothed over in the prevailing downtrend.
As for target, its twice my stop loss which was the difference between my entry and the high yesterday - so 25x2 50 point target - I've made well over (having a quick glance) 150 pips as we speak, so I'm just trailing a stop 30 points behind for now.
Morning all
Hey Leo - we're back at that key support @ 7160/7180 - I'm still loving the saucer! Are you trading this, and how so?
kaisen
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Broker?
Hi Guys, quick tangent! Firstly, can you confirm most of you guys are with IG? Second, do they show volume on their charts?
I am currently with CMC markets.
ws, i know you are with CMC but you said you were looking to switch?
Thanks in advance.
Hi Guys, quick tangent! Firstly, can you confirm most of you guys are with IG? Second, do they show volume on their charts?
I am currently with CMC markets.
ws, i know you are with CMC but you said you were looking to switch?
Thanks in advance.
Yeah I was saying that the other day - its an even tighter range if you go by the diagonal trendlines which are acting with equal strength as the s/r price levels.
I honestly didn't think we'd last to the end of the week without seeing some break either way, esp with announcements around, but still, here we are.
Don't they say the longer it is the more violent the move? Every day I'm expecting it, waiting, waiting....surely any day now....waiting....like the early christians for the second coming...
SuddenDeath
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FTSE has spent week in a 140pt range, which is extraordinary.
OK, whats she planning now...
LeoE
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Hi,
Nah i'm not trading it unfortunately! Its annoying as almost every bit of analysis I've made on oil over the past few weeks has been spot on but i haven't been trading it as I've been badly burned with oil in the past (not literally, thankfully :cheesy
Also, I think if we don't break out today then monday will be violent. Failing that... tuesday, or wednesday etc... Either way, I'm certain its gonna be big, as you said, the longer the consolidation, the more violent the move I think.
Hi,
Nah i'm not trading it unfortunately! Its annoying as almost every bit of analysis I've made on oil over the past few weeks has been spot on but i haven't been trading it as I've been badly burned with oil in the past (not literally, thankfully :cheesy
Also, I think if we don't break out today then monday will be violent. Failing that... tuesday, or wednesday etc... Either way, I'm certain its gonna be big, as you said, the longer the consolidation, the more violent the move I think.
Ah, ok - I'm very familiar with how great analysis always strangely seems to follow great losses...
But what will the catalyst be for the ftse to break out....
Whatever way or whatever reason, I just want to be there
LeoE
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