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

[Chelski]

Chelski, do you watch the breakout on 5M or 15M. Trying to understand your strategy. Do you put a limit order above or below the pullback candle out of the European session box?

I can see how it would have worked on a 5M chart, but not very clear on a 15M chart.

15M Chart for entry, I also have 1H and Daily for longer term lines. this helps me see the potential in a move. On this trade it was a simple break off the sloping support line, and on the next candle when it retraced up and bounced of the line i enter below the previous close. other factors, lower high on 1H, resistance line that bounced off several times. Stop depends on Spport / Resistance areas. For me on this trade 16560 was slightly above the failure to move higher.

 

[wallstreet1928]

I will not short but i will be a buyer @ 4990 - 4980 if we get there

 

[wallstreet1928]

BP ......................failure @ 560 ?

could this trigger a sell off in the wider market folks, is this the signal for a top................. keep an eye on it!!

 

[Chelski]

Chelski, do you watch the breakout on 5M or 15M. Trying to understand your strategy. Do you put a limit order above or below the pullback candle out of the European session box?

I can see how it would have worked on a 5M chart, but not very clear on a 15M chart.

Londonlad.

Here is my 1H, you can see 5,6 and 7am all failed to get higher, all closed below resistance, shows selling pressure at this level. My exit was on the sloping red line.
Hope this helps.

 

[wallstreet1928]

I will not short but i will be a buyer @ 4990 - 4980 if we get there

I am long FTSE 4984 ...stop loss 4954

target 5014 - ideally 5034 near todays high

 

[Dentalfloss]

ZIP

it coiled first

 

[london_lad]

on FTSE I will go long when I see RSI4 on 15M showing bullish pattern and a candle closes above 30

 

[SuddenDeath]

good morning everyone

 

[london_lad]

200MA on 15M is holding the FTSE. Come on bears.

 

[london_lad]

Morning SD

 

[SuddenDeath]

morning london lad,

 

[Chelski]

Nice Channel here, will she hold or blow? 12:00 news may be priced in.

 

[dr.blix]

good morning everyone

well just about, sleep in SD?

(kidding! :cheesy

 

[dr.blix]

will she hold or blow?

erm...

nope, too easy, and there might be children reading :whistling

(otherwise i'd say hopefully one, then the other)

 

[london_lad]

I am buying if price goes even 1 point above 5k.

 

[london_lad]

nothing happened?

 

[kaisen]

Cable

Anyone go long on cable?

 

[dr.blix]

no change in interest rate then...and quantitative easing continues at the same rate.

 

[london_lad]

Long @ 4966

 

[dr.blix]

i had a short on E$ from 14570, i closed it @ 14555...what a gonk.