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

Status
Not open for further replies.
Sujith, I closed USD/JPY at b/e. Had to close to concentrate for a call with american colleagues. Do let me know how it panned out and if it met the target? Whats your timeline about starting signal service? want to start with me as your guinnea?
 
Doji on FTSE dailies I think. Again, Candles havent worked past few weeks with hammers shooting stars and haramies (Desi's will get it) :p
 
london_lad said:
Sujith, I closed USD/JPY at b/e. Had to close to concentrate for a call with american colleagues. Do let me know how it panned out and if it met the target? Whats your timeline about starting signal service? want to start with me as your guinnea?
Click to expand...
i wil let u knw if it meets tgt.

indices service shall be started from september 1 :)

to register mail me or private message me here. i dont want to give my id or website link here due to rules of the site.
 
papak said:
Morning all,
Great recovery from SP500 yesterday, ouside day going up is bullish signal.
expecting markets to make a new high today so I stay long SP500, moved target to 1039.
Click to expand...

Look what SP500 did after hittin g1039. If only I shorted it at that point :p
 
nas100
short term
5 min data.2pt box size by 3 reversal
range is constricting.the price target/ down is still active
25gvxq9.png
 
20 Rules To Stop Losing Money

1. Don't trust others opinions -
It's your money at stake, not theirs. Do your own analysis, regardless of the information source.

2. Don't believe in a company -
Trading is not investment. Remember the numbers and forget the press releases. Leave the American Dream to Peter Lynch.

3. Don't break your rules -
You made them for tough situations, just like the one you're probably in right now.

4. Don't try to get even -
Trading is never a game of catch-up. Every position must stand on its merits. Take your loss with composure, and take the next trade with absolute discipline.

5. Don't trade over your head -
If your last name isn't Buffett or Cramer, don't trade like them. Concentrate on playing the game well, and don't worry about making money.

6. Don't seek the Holy Grail -
There is no secret trading formula, other than solid risk management. So stop looking for it.

7. Don't forget your discipline -
Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge.

8. Don't chase the crowd -
Listen to the beat of your own drummer. By the time the crowd acts, you're probably too late…or too early.

9. Don't trade the obvious -
The prettiest patterns set up the most painful losses. If it looks too good to be true, it probably is.

10. Don't ignore the warning signs -
Big losses rarely come without warning. Don't wait for a lifeboat to abandon a sinking ship.

11. Don't count your chickens -
Profits aren't booked until the trade is closed. The market gives and the market takes away with great fury.

12. Don't forget the plan -
Remember the reasons you took the trade in the first place, and don't get blinded by volatility.

13. Don't have a paycheck mentality -
You don't deserve anything for all of your hard work. The market only pays off when you're right, and your timing is really, really good.

14. Don't join a group -
Trading is not a team sport. Avoid stock boards, chatrooms and financial TV. You want the truth, not blind support from others with your point of view.

15. Don't ignore your intuition -
Respect the little voice that tells you what to do, and what to avoid. That's the voice of the winner trying to get into your thick head.

16. Don't hate losing -
Expect to win and lose with great regularity. Expect the losing to teach you more about winning, than the winning itself.

17. Don't fall into the complexity trap -
A well-trained eye is more effective than a stack of indicators. Common sense is more valuable than a backtested system.

18. Don't confuse execution with opportunity -
Overpriced software won't help you trade like a pro. Pretty colors and flashing lights make you a faster trader, not a better one.

19. Don't project your personal life -
Trading gives you the perfect opportunity to discover just how screwed up your life really is. Get your own house in order before playing the markets.

20. Don't think its entertainment -
Trading should be boring most of the time, just like the real job you have right now.
 
wallstreet1928 said:
20 Rules To Stop Losing Money

1. Don't trust others opinions -
It's your money at stake, not theirs. Do your own analysis, regardless of the information source.

2. Don't believe in a company -
Trading is not investment. Remember the numbers and forget the press releases. Leave the American Dream to Peter Lynch.

3. Don't break your rules -
You made them for tough situations, just like the one you're probably in right now.

4. Don't try to get even -
Trading is never a game of catch-up. Every position must stand on its merits. Take your loss with composure, and take the next trade with absolute discipline.

5. Don't trade over your head -
If your last name isn't Buffett or Cramer, don't trade like them. Concentrate on playing the game well, and don't worry about making money.

6. Don't seek the Holy Grail -
There is no secret trading formula, other than solid risk management. So stop looking for it.

7. Don't forget your discipline -
Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge.

8. Don't chase the crowd -
Listen to the beat of your own drummer. By the time the crowd acts, you're probably too late…or too early.

9. Don't trade the obvious -
The prettiest patterns set up the most painful losses. If it looks too good to be true, it probably is.

10. Don't ignore the warning signs -
Big losses rarely come without warning. Don't wait for a lifeboat to abandon a sinking ship.

11. Don't count your chickens -
Profits aren't booked until the trade is closed. The market gives and the market takes away with great fury.

12. Don't forget the plan -
Remember the reasons you took the trade in the first place, and don't get blinded by volatility.

13. Don't have a paycheck mentality -
You don't deserve anything for all of your hard work. The market only pays off when you're right, and your timing is really, really good.

14. Don't join a group -
Trading is not a team sport. Avoid stock boards, chatrooms and financial TV. You want the truth, not blind support from others with your point of view.

15. Don't ignore your intuition -
Respect the little voice that tells you what to do, and what to avoid. That's the voice of the winner trying to get into your thick head.

16. Don't hate losing -
Expect to win and lose with great regularity. Expect the losing to teach you more about winning, than the winning itself.

17. Don't fall into the complexity trap -
A well-trained eye is more effective than a stack of indicators. Common sense is more valuable than a backtested system.

18. Don't confuse execution with opportunity -
Overpriced software won't help you trade like a pro. Pretty colors and flashing lights make you a faster trader, not a better one.

19. Don't project your personal life -
Trading gives you the perfect opportunity to discover just how screwed up your life really is. Get your own house in order before playing the markets.

20. Don't think its entertainment -
Trading should be boring most of the time, just like the real job you have right now.
Click to expand...

Good one WS.

Worth remembering all these!
 
s & p 500

still trading sideways

volume should come back in september, which means a return back to normality and less volatility
 

Attachments

  • US SPX500 Daily (28-AUG-09).png
    US SPX500 Daily (28-AUG-09).png
    20.4 KB · Views: 118
Last edited:
BP

break above 536 ...next level 560! it should coincide with FTSE reaching 5000 and above


BHP billiton-
 

Attachments

  • BP Plc (28-AUG-09).png
    BP Plc (28-AUG-09).png
    22.8 KB · Views: 132
Last edited:
ws.good chart for the s500.shows the upward trend and the consolidation
here is a closer look at the consolidation
trendlines are 45 degree.price in a minor downtrend.it could break above the trendline /down.it is very near.also 1024 count still active.so anything above 1030 makes the chart bullish
need to see a break above 1030 and retrace holding above this to go long
just an opinion
could go either way.just as well ftse is closed tomorrow.it would have been whipsawing around waiting for direction from the us.i think

r0uosi.png
 
Status
Not open for further replies.

Similar threads

wallstreet1928
Wallstreet1928 is back-Analysis & Live Calls on FTSE/DAX.aimed to help new traders 2
2 3 4
Replies
72
Views
15K
francisfinley
F
Mr Squirrel
  • Locked
Reminiscences of a Wallstreet1928 Subscriber
2
Replies
21
Views
6K
shewolf
S
rossored
emini S&P Intraday Charts
2
Replies
23
Views
5K
ES0
E
8
Ftse,dow,gold,aim....
Replies
2
Views
2K
Tempted
T
Dinos
Trading the DAX
4 5 6
Replies
101
Views
28K
DuCaan
D
Top