SuddenDeath
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good morning everyone ,
10yr note yield is lower so bearish for ftse100
10yr note yield is lower so bearish for ftse100
Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Mr. G
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Felicitous salutations to you all this fine and sunny morn.....well, it is here in old London town at least 
Thanks kaissen for your responses last night; very informative. Also, thanks to WS for his inter-market analyses which are always helpful.
I'm still short the FTSE as I have been for the last 10 days - it's currently further underwater than the Titanic but blind faith tells me it will come back....
Still, it's only money....
When the market breaks down, and I think it will, I think it's going to fall hard and fast.
Thanks kaissen for your responses last night; very informative. Also, thanks to WS for his inter-market analyses which are always helpful.
I'm still short the FTSE as I have been for the last 10 days - it's currently further underwater than the Titanic but blind faith tells me it will come back....
Still, it's only money....
When the market breaks down, and I think it will, I think it's going to fall hard and fast.
kaisen
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Well done ws.
I was shattered last night and couldnt think straight and the US buy program and lack of downwards movement after the close spooked me as I thought asia my jump forward because of it.
Hey ho more learning!
Confidence takes time but i feel i am making progress.
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wallstreet1928
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potential bear flag forming on DAX .............
confrmation if dax below 5400........
next target would be 5375
confrmation if dax below 5400........
next target would be 5375
Be weary of any pre-empted moves on GBP today in relation to BoE party up tommorow. If QE gets extended further and this stock rally fizzles out we could see a move lower.
Manya - my grasp of fundamentals is a bit poor: I thought QE extension means further cash, ie. inflationary, therefore lower value of GBP, therefore positive impact on ftse? What have i got wrong here?
Sorry Lapa, I meant if the Indices move lower (based on poor earnings data rather than currency movements) and QE gets extended then the £ will head lower. Although agreed that QE should have a positive impact on the FTSE, although this is assuming there is no other major economic news on this day.
As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.
As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.
Sorry Lapa, I meant if the Indices move lower (based on poor earnings data rather than currency movements) and QE gets extended then the £ will head lower. Although agreed that QE should have a positive impact on the FTSE, although this is assuming there is no other major economic news on this day.
As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.
I will have some swiss cheese for lunch to celebrate gbpchf's generosity this am.
A range breakout perfectly executed, assisted by a break out sure, but hey, you've got to get yourself in a position to make the most of what's on offer right?
Sorry Lapa, I meant if the Indices move lower (based on poor earnings data rather than currency movements) and QE gets extended then the £ will head lower. Although agreed that QE should have a positive impact on the FTSE, although this is assuming there is no other major economic news on this day.
As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.
Looking good
Nice spot there, londlad.
Hanging Man
Sell off at open, rally to open price at close - fits yesterdays action.
london_lad
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Just looked at the dailies for the Nas, S&p, and FTSE, and they are all more or less at key fib numbers in relation to the massive swings from the end of the bull/start of bear - e.g. I'm looking back to the S&P in oct 2007.
Also, as London Lad says, potential hanging man line on the FTSE daily - confirmation is a close below the real body of the daily candle I think? LL?
IMHO I think we might see a bit of downside on indices, before going higher again... but, who knows
Did anyone take that A$Y trade I posted earlier? That worked out very nicely
edit: I am looking to see if eur/usd finds support at 1.4300 level (should it get there) - E$ has made a new high on the dailies, and the last few days are very bullish I think (save for today)
Agreed, which means I am looking for 15 min confirmation above or below 4675 for a signal to go bull or bear. Given the circumstances and potential UK GDP forecast tonight around 2300 GMT and also BoE's rate decision, I believe that there will be either a pullback or hung in the rut until those two key economic indicators are out of the way.
london_lad
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Manya: I am not taking any positions today. I am going to wait for confirmation on dailies. If today we close below yesterday's close, then I will go short. If we close above, then this rally has some more legs.
As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.
Moved to B/E.
kaisen
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Got to say Chelski, i love your avitar!
We have previously owned a weinmaraner and currently walk the old lady´s across from us.
Beautiful dogs with great family temperament.
Tangent over:whistling
Have you read this short thread? Some of the posts are long, though.
http://www.trade2win.com/boards/price-volume/69970-what-trend.html
Well worth a read, when you have a minute.
http://www.trade2win.com/boards/price-volume/69970-what-trend.html
Well worth a read, when you have a minute.
Chelski
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Thanks, She's called Zola. Just turned six and mad as a bucket of frogs! I would only ever have them now.
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