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

[wallstreet1928]

Good morning chaps

YouTube - Capitalism : A Love Story - Official Teaser

 

[wallstreet1928]

long is working like clockwork chaps

resistacce = support

I highlighted this USD/JPY trae to everyone yesterday

It has given 40 pips so far and i expect to get another 100- 200 pips out of this

I am bearish on the market from the open today and this is one of the factors why

 

[wallstreet1928]

At the current levels

I am bearish on indices US and European and currencies euro/cable

I am also bearish on oil ............downside target of $72.5 and 72.1



after looking at my variables i expect a fall ...........but how prolific will the fall be?

but once we get the fall i certainly will be a buyer

 

[wallstreet1928]

I am short oil from last night 73.01 ..stop loss 73.31

target $72.5, $72.1

I am also contemplating a short on EURO once i have amended my oil position break even

 

[pentlow1]

I am bearish on indices US and European and currencies euro/cable

I am also bearish on oil ............downside target of $72.5 and 72.1



after looking at my variables i expect a fall ...........but how prolific will the fall be?

Morning WS I hope you are well. I just cannot get comfortable being short at the moment except on a very short time frame. I would love to see these markets have a correction which I think is greatly overdue. Have a good day.

 

[wallstreet1928]

YouTube - Market Technical Analysis & Setups - Double Top Yields Resistance...Major Storm Looms On Earnings

 

[wallstreet1928]

I dont know. I am just not trading today. Light volumes, no directions and most importantly, no trades setting up. I analysed USD/JPY and GBP/JPY, but was not sure because of today's lack of volume and all so didnt put any orders. But, as it goes, Opportunity Loss is Better Than Capital Loss.

That has to be the best post i read yesterday

we don't have to trade , i remember trader Dante say that we must only trade when the set up is perfect

preservation of capital is more important

I did not trade indices all morning either, the set up for long was right but light volume kept me away

 

[wallstreet1928]

At the current levels

I am bearish on indices US and European and currencies euro/cable

I am also bearish on oil ............downside target of $72.5 and 72.1



after looking at my variables i expect a fall ...........but how prolific will the fall be?

but once we get the fall i certainly will be a buyer

we are already off to the races

just nailed 40 pips on shorting Cable ......

still waiting for a short on EURO......

 

[wallstreet1928]

I will be looking to short DAX .........ideal short entry would be 5783....with safe stop @ 5813 ....target 5745

but it looks like I will not get it so i may have to get in early

 

[wallstreet1928]

Whenever you do your analysis always consider the opposing argument

Always do your own homework chaps


YouTube - 10/13/09 S&P Emini & Futures Recommendations

 

[wallstreet1928]

Thanks MR.G. How is the FTSE daily swing trading going btw?

I'll still be hanging around this thread for the same reasons as you.

On a side note I am not sure how WS holds all that intermarket info inside one brain, but hats to you WS for being able to understand these markets so well!

I am looking at auto FX system trades through MT4. The system I am looking at now is quite interesting, but I won't post any info until I know it's sensible. I am not coding anything, but I will learn MT4 language if I think I can do something useful with it. The system I am trying has been coded for free by a very kind soul

Keep us updated with your system Geo, always remember you still have the crown as the currency King so make sure you don't desert

how can a kingdom survive without its King

take care my friend

wish you the very best

 

[Chelski]

Second Day inside bar, pin formed witha close to the high, possible continuation pattern. Lookk for a break on Thursdays high.

 

[Chelski]

WS,

Nice shooting, been to busy to trade but have your JPYUSD set up on my charts.
8970 ish level seems strong support on 4H

 

[wallstreet1928]

I am short oil from last night 73.01 ..stop loss 73.31

target $72.5, $72.1



I am also contemplating a short on EURO once i have amended my oil position break even

not too sure what caused the spike in oil but its just gulped my stop

Hmmm........


market makers knocking out stop before it really falls...maybe

i will get back in when its under $73 now


40 - 30 = + 10 this morning so far

i am now off to sleep will be back later

in an hour or two

 

[wallstreet1928]

last post before i go to sleep

I have updated Benzinga with todays S&R level
http://www.benzinga.com/users/wallstreet1928

5177 - 5187 is the key level today

stay above that and rally continues

 

[wallstreet1928]

USD/JPY still resuming its uptrend again

I will keep buying on dips ......closed for another 22 pips

+ 32 so far this morning

 

[wallstreet1928]

I will be looking to short DAX .........ideal short entry would be 5783....with safe stop @ 5813 ....target 5745

but it looks like I will not get it so i may have to get in early

DOWN she goes......................

watch for gap fill support on DAX @ 5746
support @ 61.8% rfib retrace @ 5765 too


DAX very weak ........



weaker than FTSE

If you want to go long choose FTSE

If you want to go short choose DAX

no more posts i'm off to get a power nap

 

[wallstreet1928]

I will be looking to short DAX .........ideal short entry would be 5783....with safe stop @ 5813 ....target 5745

but it looks like I will not get it so i may have to get in early

got my ideal entry short ...worth waiting up for

I am short 5783 stop loss and target as above

 

[Da.DesiTrader]

FTSE long @ 5200. Stop loss at 5175. TP at 5130/5150

 

[wallstreet1928]

got my ideal entry short ...worth waiting up for

I am short 5783 stop loss and target as above

closed for 23 points .................. 2/3 taken off and left 1/3 position break even

euro isn't falling as expected and nor is USD/jpy rallying as expected and german dax hit support


total profit this morning = 53 points

and its only 8.53 am ............

the real games begin with US session chaps