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

[Dentalfloss]

ftse going into a triangle

 

[Dentalfloss]

an improved chart
close data.30 point box size.market is waiting for something to drive it either way

 

[Dentalfloss]

strategies for trading triangles from holygrail in houston.
set the order for a breach of the triangle in the direction of the trend or the last signal.
if you get the direction wrong.price usually recoils and goes out in the other direction.therefore if you double the order size on the recoil direction,you always get the losses back.this works well for me.i am always looking out for p/f triangles
do not try this uneless you use p/f.this is just an opnion...only

 

[wallstreet1928]

how did everyone get on today? reza! you must have posted 70 posts dude!!

wheres wallstreet lurking?

good morning Francis and everybody else

when the sun comes out and cricket season starts I hardly ever sit at home. I had to go speak to the neighbours & council surveyor yesterday as they are doing an extension and it seems to be encroaching on my side. I didn't even know about the extension and i never received any plans in the post.

we are living in a crazy society chaps

 

[SuddenDeath]

good morning everyone

Has anyone here considered selling options to hedge an index trade

 

[wallstreet1928]

good morning everyone

Has anyone here considered selling options to hedge an index trade

no i just short the DAX or S&P to hedge my trades

I do it all the time, hence why i have 30 point stop losses

If I believe my stop loss will be hit, I then short the DAX predominantly or the S&P(with 30 point stop loss). I usually end up with 10-15 points from hedging my position, so a 30 point stop loss doesn't sound too bad in the end, 30 stop loss - 10/15 hedge = 20-15 point loss in the end !!

but you have to be careful and watch out for reversals, but its very very rare that you will have both trades hit there stop loss.

It works chaps

just give it a try, but it only works if you have a stop loss greater than 20 on your trades.

I prefer not to talk about it on this thread as it can confuse the newbies....keep it simple for them!!

 

[wallstreet1928]

1 week 10 min chart

little mini fake break out , wating for it to trade back into to the descending trend line before I open short

I will watch out for light blue trend line...early short signal if breaks !!

scenario 1 - wait for market to trade to 50/200 MA and then open short as triple resistance with 4040 top!!

scenario 2 - if market powers above 4040 then open up long

I am bearish today and expect the market to fall further but i must trade what I see

 

[bennie83]

could be going long on FTSE if my indicators give me the go ahead. Could be in around 20 mins - awaiting confirmation.

 

[francisfinley]

good morning Francis and everybody else

when the sun comes out and cricket season starts I hardly ever sit at home. I had to go speak to the neighbours & council surveyor yesterday as they are doing an extension and it seems to be encroaching on my side. I didn't even know about the extension and i never received any plans in the post.

we are living in a crazy society chaps

You are an active mancunian!!

well im at work... exited my long from 3980 a bit too early as get too many interruptions.. theres an interesting post in the main section of T2W about trading from work..

well im gonna see if we can sell out of 3940... but it could be back to test the top of teh wedge @ 4100 if not.

 

[dr.blix]

oscillator divergence on those two ftse peaks @ 8.30 + 9.30

bearish divergence btw.

 

[bennie83]

Right, well I've got to go out now, so I'm giving it a miss for today unless I get a chance to do the US market this evening

 

[francisfinley]

Hey mate...thought I may as well get involved in the fun!

yeh man quite a few! ftse looks v choppy in between 3960 - 4040, narrowing the band to 3880 - 4020 lets see if 4000 holds out!

 

[rezadamus]

yeh man quite a few! ftse looks v choppy in between 3960 - 4040, narrowing the band to 3880 - 4020 lets see if 4000 holds out!

I'm waiting for some clear confirmations too...

 

[Dentalfloss]

yes,triangles can be very choppy.the market is holding its breath waiting for something to give it direction.the boundaries are the interesting bits

 

[Dentalfloss]

update on the billiton triangle.it broke downwards

 

[wallstreet1928]

yes,triangles can be very choppy.the market is holding its breath waiting for something to give it direction.the boundaries are the interesting bits

I think we are waiting for some big companies to report soon

I have been short ever since the light blue trend line broke on my chart , post no 1947, 9.11 am ...target 3970

InTheMoneyStocks - Economic and Earning Alerts

 

[wallstreet1928]

I have been playing BP for a few days now..............very good stock to be trading as calm and collective of support and resistance

I have been short since yesterday but just covered at 200 MA......

I am contemplating a long now but waiting confirmation

 

[SuddenDeath]

BP dividens cut rumours?

I have been playing BP for a few days now..............very good stock to be trading as calm and collective of support and resistance

I have been short since yesterday but just covered at 200 MA......

I am contemplating a long now but waiting confirmation

Wallstreet1928 have you heard about the rumours that BP may cut its dividend.

 

[wallstreet1928]

barclays

195 .............important level and target in the interim

 

[wallstreet1928]

Wallstreet1928 have you heard about the rumours that BP may cut its dividend.

interesting ....442 may get taken out!!

well it would take something important to take out 200 MA

send me the link please