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

[kaisen]

blimey it's hot out there!

no kaisen, u ain't talking rubbish mate, just that there are loads of patterns now on dif TF's.

not impossible to go through and untangle them though...i being lazy, i just can't be bothered, which is shocking considering i have a position open.

this sort of consolidation really saps your focus...

I know,..... one way or the other...its gonna get me....its gonna gethca getcha getcha...

Anyway could also be a symetrical triangle about to break lower.

On one side you have the symetrical triangle favouring down, on the other side long consolidation period following a pop up.

10 min chart looks bearish 60 min and above bullish IMO:whistling

 

[masnachu]

agree on the 10min , looks like it will hit the 40MA , not eager to take the short though

 

[dr.blix]

60 points? I think that is further than they might want to try. It seems safe enough. I'm not trying to put you off your lemonade.

i know mate, i'm just looking at the H4 and H1though and thinking...why not?!

4260 takes me to my MA on the 4hr, so worth a pop (he says, knowing he's gonna get stopped out first)

 

[fraggermcg]

Surely no point looking for patterns on the FTSE now? All that matters at this stage of the day is the US futures and their reaction to the econ data out shortly.

 

[dr.blix]

hope those city clowns aren't going to come back half soaked and start buying stuff.

 

[dr.blix]

US futures are higher btw on the back of oil.

 

[lapalabra]

Surely no point looking for patterns on the FTSE now? All that matters at this stage of the day is the US futures and their reaction to the econ data out shortly.

I agree

 

[dr.blix]

double top on the 30 TF line chart, but as frag was saying, maybe redundant trying to make calls in this type of situation.

 

[dr.blix]

decent test happening...could this be it?

for christs sake FTSE, just get on with it...i want to get married, raise kids, travel...CAN WE NOT JUST GET ON WITH OUR LIVES??!

thanks FTSE

 

[Geofract]

retest of 1.4080 on eur/usd

i am tempted to flog it, but I won't.

 

[minch]

decent test happening...could this be it?

for christs sake FTSE, just get on with it...i want to get married, raise kids, travel...CAN WE NOT JUST GET ON WITH OUR LIVES??!

 

[SuddenDeath]

US ADP employment report in less than 1 min

 

[Geofract]

retest of 1.4080 on eur/usd

i am tempted to flog it, but I won't.

I just realised what i said was complete madness!!!

THE TREND IS YOUR FRIEND! One day I'll get that!

 

[Geofract]

I just realised what i said was complete madness!!!

THE TREND IS YOUR FRIEND! One day I'll get that!

Actually there was a very snap rejection of 14100 - and that also equals the underside of a previous TL.

 

[dr.blix]

the funny part is that i didn't take those 18 pts...i'm still in...what a gonk.

 

[lapalabra]

I just realised what i said was complete madness!!!

THE TREND IS YOUR FRIEND! One day I'll get that!

Yeah I was curious what you were talking about!

I took +15 on the rejection, such a big level I thought it was worth it - not big or clever though.

 

[wallstreet1928]

I am now short FTSE 4306 ..stop loss 4346

target 4250

closed for 10 points profit

not happy with set up as currencies and oil moving northwards

Dollar down

 

[wallstreet1928]

we could get a rally to that 4330 level and above

dollar down = rally

especially nasdaq

 

[minch]

we could get a rally to that 4330 level and above

dollar down = rally

especially nasdaq

Yes agree WS I was considering a long to this level myself.

EDIT: Have gone long 4305

 

[wallstreet1928]

Yes agree WS I was considering a long to this level myself.

EDIT: Have gone long 4305

I'm waiting for a strong buy signal