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

[wallstreet1928]

I'm enjoying reading the posts here. Just stumbled on this thread yesterday and have found it quite interesting. I don't trade all of the instruments you do, I mostly focus on the Nasdaq, S&P500, forex, and individual stocks. I'll be around here more often.

welcome, welcome to you my friend

 

[wallstreet1928]

DOLLAR OFF THE HIGHS, THE MARKET OFF HE LOWS, IT'S THAT SIMPLE
By J TRADER on October 20th, 2009 2:51pm Eastern Time
The U.S. DOLLAR index is well off it's highs from 12:30 pm ET. This coincides perfectly with the market making at low at 12:30 pm ET. It's all about the dollar. While the dollar is higher on the trading day it is well off the highs and that is all it takes for these markets to move higher. Whether computer programs are tied to the dollar index or not this happens everyday. Watch that dollar as it is the only indicator that needs following right now.


InTheMoneyStocks - Rant and Rave Blog


YouTube - Market Technical Analysis & Setups - Earnings Good, Economic News Bad...But Dollar Rules The Roost

 

[wallstreet1928]

I am short USD/JPY 90.84 ..stop loss 91.14

target 90.54

closed + 20 pips

 

[wallstreet1928]

I am long FTSE 5229 ..stop loss 5199

target 5259

closed for + 18

 

[wallstreet1928]

i am long nasdaq 1750 ..stop loss 1735

target 1760

closed for + 8 points

great day today chaps

I hope to see you all on the morrow

 

[Dentalfloss]

hi chelski
thanks for usdjpy.it really was the lead today
sounds like you are ultra fit.good stuff.i think you need to be in this game
i used to live near richmond park for 10 years.in sheen.i never slept properly in all those years
east sheen is directly over the heathrow flight path,the planes are low at that point.the first one in at 5 am always woke me up..info for readers of this thread


anyway,back to trading
chart of uup
15 m in data
mixed signals.there is an uptrend,with a minor downtrend.needs to see 22.44 support hold

 

[Dentalfloss]

ws...u had another good day....well done
keep up the good work
more please

 

[h_a]

you must adhere to stops my friend or you need to hedge yourself , otherwise you will not survive in this game

Ye I'm booked in for your mentoring which is soon so can't wait lol

 

[Chelski]

hi chelski
thanks for usdjpy.it really was the lead today
sounds like you are ultra fit.good stuff.i think you need to be in this game
i used to live near richmond park for 10 years.in sheen.i never slept properly in all those years
east sheen is directly over the heathrow flight path,the planes are low at that point.the first one in at 5 am always woke me up..info for readers of this thread


anyway,back to trading
chart of uup
15 m in data
mixed signals.there is an uptrend,with a minor downtrend.needs to see 22.44 support hold

Dentist,

Keep an eye on this.
9100 level is powerful resistance. The nearest we got to it today formed a pin bar. There maybe opportunities to short this level tomorrow, until it yields. I think we are heading for 9270 Level which on weekly is 50% fib level.

 

[wallstreet1928]

learning to trade the markets

YouTube - Blackadder II - Teaching Baldrick Mathematics

 

[wallstreet1928]

ws...u had another good day....well done
keep up the good work
more please

Yes indeed my friend

I always try my best

 

[wallstreet1928]

This is your plan if you trade without stop losses or you don't hedge yourself

YouTube - Blackadder - Field Marshall Haig

 

[SabreTT]

stopped out again just before the drop from 992...f#*=ing sick of this stuff sometimes...although its probably just frustration at my lack of discipline

Sounds very familiar to how it often plays out for me so Im trying to only switch opinions on the market when the trend line is broken.

Like today here was the lines I had drawn at 1pm when I posted. I think its correct because it did switch behaviour once it broke out but the majority of the gain comes in the immediate fall which is lost when waiting for a definite failure

Also the sp500 out of hours would be harder to spot a trend I think then the ftse with proper volume ?


Pivot level for the ftse today was 5251 which worked out, resistance was 5311

 

[Dentalfloss]

housebuilders bdev and rdw
big falls yesterday
any reason..??

 

[SabreTT]

Less optimism on the economy and/or news relating to general prospects.
Alot of their share price will be speculative?

 

[wallstreet1928]

be careful with buy orders this morning folks

my analysis states there is high probability we could roll over in US and Europe

especially after double top on DAX yesterday- market leader and FTSE has put in a lower high over the last 2 days

If I had any long positions then i would certainly look to take profiit on them

I will look to open up shorts on DAX and FTSE

 

[wallstreet1928]

housebuilders bdev and rdw
big falls yesterday
any reason..??

Building Permits
housing Starts

were weak in US

 

[wallstreet1928]

be careful with buy orders this morning folks

my analysis states there is high probability we could roll over in US and Europe

especially after double top on DAX yesterday- market leader and FTSE has put in a lower high over the last 2 days

If I had any long positions then i would certainly look to take profiit on them

I will look to open up shorts on DAX and FTSE

OK shorts have been organised and amended to break even

 

[wallstreet1928]

OK shorts have been organised and amended to break even

Hmmm...............OK shorts have been closed break even when they were looking so nice

thats the market Folks ......

nice pop in eur/usd and gbp/usd but

USD/JPY still weak

 

[wallstreet1928]

cable building a nice base chelski

contemplating another long again

did you get those pips chelski

I have become obese on pips