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

[wallstreet1928]

closed for 18 points profit as bias to the upside now ............

beautiful bull flag on FTSE ...gap fill 4678 resistance

 

[wallstreet1928]

i am short nasdaq 1583 ...stop loss 1603

target 1563

 

[london_lad]

no **** seriously all desis?

Btw, what bull flag has been seen? I was long at my system's signal and exited at 21 pips. Didnt hear any news or anything particular to suggest that markets should be going up? What happened?

 

[london_lad]

There is a shooting star on Dailies (FTSE) today.

 

[vinicius]

There is a shooting star on Dailies (FTSE) today.

What time does the day close to you?

 

[SuddenDeath]

Prechter told people to close their short position 2 weeks before this 40% rally in markets.

 

[Geofract]

Looks like E$ short @ 1.4130 was pretty much bang on! Shame I missed the entry though! :whistling

FTSE short at 4665 ish wouldn't be too bad either so far at least.

Oh well, those turning points where short lived US opens and buys the gaff!

 

[london_lad]

vinicius, I am just saying that. If market closes somewhere at same level, its either a hammer or shooting star or big chunk a red. All bearish I think.

 

[london_lad]

its trying to break 4700. So who is buying? anywhere we can get volume info?

 

[london_lad]

long signal @ 4694 (15 stop loss/10 pips target)

 

[SuddenDeath]

London Lad, the RSI 5 system would have worked very well today

 

[Geofract]

long signal @ 4694 (15 stop loss/10 pips target)

BTW, it's points not pips LL - pips is an FX term.

 

[vinicius]

Geo

Big retracement at E$! 1.4230 is heavy resistance..

 

[fast trader7]

short at 4690. sl 10 point, target 10 point
this rally is over for the moment

 

[minch]

Oh well, those turning points where short lived US opens and buys the gaff!

E/$ now at 61.8 fib of last swing high to low on daily, but fib alone :whistling

 

[Geofract]

Geo

Big retracement at E$! 1.4230 is heavy resistance..

Thanks Vinicius, just watching that now

just waiting for short entry confirmation

edit: Thanks Minch - could be a nice TP.

 

[fast trader7]

short at 4690. sl 10 point, target 10 point
this rally is over for the moment

Close for 11 points. down over £200 for the day. But in profit now.
My god! Trading is not easy!

 

[london_lad]

London Lad, the RSI 5 system would have worked very well today

I know. RSI with period 5 right? I read up on this, today sometimes It didnt crossover from 30 but just kissed it and came back on 10M chart. It would be too late for some, if they waited for a crossover.

 

[minch]

My god! Trading is not easy![/QUOTE]

Amen to that!

 

[london_lad]

LLMACD Signal: SHORT at 4683