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

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Damn, was watching the tennis and missed 16600 breaking.

May get involved past 16520, looking for 16455

I can't get over how technical forex is.

Target reached, +60 pips.

I need to learn how to stick in a trade as I watch it continue to fall, but nevermind.
 
it broke downwards
watch for the recoil possibly back into the triangle
 

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What kind of data was released? Is this a shock reaction (so back into that triangle dentist) or was something fundamental said to put as back into the daily downchannel?

US Consumer confidence came in lower than expected.
 
no idea.
triangles in p/f usually arise froom the market waiting for some news.when it has been digested,you can get a reaction in the other direction.does not always happen
 
nas100 has a well defined s/r on the daily
0.9% by 1
 

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Afternoon all... Had a few days off :)

Big drop in the markets, shocked to see cable reach 16700 :D Can the SPX break some resistance @ 916, VIX up 4.5%... Gonna sit on the sidelines and see how this plays out me thinks..

Happy trading all!!
 
Also, I'd be careful with a long at 4220 unless you see a definite failure to breach it. We've tried it 5 or 6 times now, this time could be the straw that breaks the camels back, so to speak.
 
rising lows on the daily data
res area at 4300 well defined
 

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