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

[SuddenDeath]

Chelski there is a gap from this morning, so ftse may..

SD, Signal on FTSE 9:30 Candle. Not sure i would short this market though!

..move to UNCH level

 

[fraggermcg]

Sigh. How can I get over this compulsion to close trades as soon as they move into profit? Short from 4738, closed at 4730 (20MA at the time) and now look at it! Of course any time I do move the stop to b/e it immediately jumps up/down and stops me out.

Seems like I can never get it right.

 

[lapalabra]

Morning All. Hope everyone has been rocking well.

CAD/JPY seems to be trading within a perfectly formed upward channel which is showing a flag pattern. A Good long could be 8800 as this conincides with the lower trendline of the flag as well as a bounce off the 20MA on the daily TF! Sorry cant post a chart but it's the only thing which stands out to me this morning.

Would be interested to hear what anyone elses take is on this.

Manya, CAD weakness across the board - perhaps the housing starts will play a bigger role than I expected?

I was banking on some weakness and my eurcad has benefitted - well over +120 pips now - perhaps there might be a bit too much volatility at the mo to be trying to trade that 8800 cadjpy level?

 

[Manya1983]

Lets see Lapa. As it is I traded it via a set order so my position got opened at 8800. 40 SL.

Not much volatility around as per se, simply a tight trading range which is why I think Support/Resistacne will play out as expected. Thats the plan anyways.

 

[london_lad]

Morning and welcomeback papak.

 

[london_lad]

looking to go long anywhere under 4710.

 

[lapalabra]

Lets see Lapa. As it is I traded it via a set order so my position got opened at 8800. 40 SL.

Not much volatility around as per se, simply a tight trading range which is why I think Support/Resistacne will play out as expected. Thats the plan anyways.

Quite right Manya - I don't play s/r levels straight off anymore, so if I see price action reverse and I have confirmation I'll join you.

I have 8,772 as a 100% retracement from the breakout on the 7th.

 

[SuddenDeath]

look for longs below 4695, that SD signal at 9.30 was good ,

 

[kaisen]

looking to go long anywhere under 4710.

And your analysis?

 

[wallstreet1928]

barclays ................

I have been yoyo trading this channel.............

anybody interested feel free to look

 

[london_lad]

And your analysis?

Bounceback from support of yesterday + lower than mid area on my channel of highs and lows of past few days. Top and bottom of my channel on 10M candle at 10:00AM are 4759ish and 4660ish.

 

[masnachu]

seeing some £ strength coming in over the last hour or so.

 

[papak]

FTSE sell order if we go below yesterdays low (4688 on my chart). Think we will drop back to 4500 area.

 

[SuddenDeath]

i wouldn't want to sell @ 4688 range would be fullish 56ish, also i am bullish on dow today

 

[papak]

i wouldn't want to sell @ 4688 range would be fullish 56ish, also i am bullish on dow today

56ish??

 

[Chelski]

..move to UNCH level

I entered on the 9:40 and felt uncomfortable as this market is tight on range and trend is up. Closed BE only to watch it race away.
I will not trade today now as i will not se such a good trade. Loss of opportunity is greater than loss of Capital

 

[london_lad]

4500 region will be a sweet long

 

[SuddenDeath]

4744 - 4688 = 56 points range.

56ish??

..which is a decent range, I would want to get long to take advantage of dow up day which i think we get today.

4744 (todays cash high) 4688 (your level)

 

[dr.blix]

if 700 breaks i'll be looking at a long @ 650 (bottom of channel)

 

[masnachu]

£$ , £Y trying to work off dark cloud cover (M15) , waiting to see if they can do it ?

Eur£ @ poss supp (~8584 old res) now, can it hold ? (M15)

waiting to see if FTSE can find supp @ 91-95 area (sell off pretty relentless though , so ??)


EDIT :: oops missed that 60min"Hammer type" bar , breaking out below that ain't cool ? so Hmm on FTSE