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

[london_lad]

WS: quick question. What is a gap fill level? Is it yesterday's close? I am looking at DAX chart and yesterday it was at 5720/1ish at 5PM UK time. I thought german markets close earlier than UK, so this can't be the close of yesterday right?

 

[wallstreet1928]

WS: quick question. What is a gap fill level? Is it yesterday's close? I am looking at DAX chart and yesterday it was at 5720/1ish at 5PM UK time. I thought german markets close earlier than UK, so this can't be the close of yesterday right?

have a look at this chart

 

[wallstreet1928]

its siesta time

happy trading all

 

[PaulHClark]

GBP/Yen Trademissed target by 2 pts - closed at 30 pip loss having tightened stop

 

[london_lad]

FTSE is dead now

 

[madoff]

FTSE is dead now

waiting for US news @ 1:30pm I think. any guesses which way this will break?

 

[london_lad]

Eitherway it goes, I am trying out WS's hedging strategy. Should be able to profit from breakout in either direction.

 

[fraggermcg]

I've a feeling the market is gradually reacting less and less euphorically to positive economic news. So while the jobless figures will probably surprise on the upside as usual, it could be a fairly small jump up. If that plays out, i'll be looking for a short ahead of the open for a quick gap fill.

Since you asked!

 

[wallstreet1928]

potential scenario

good economic news -
1. market rallies initially due to excitement
2. time lag ........causes dollar to rally and euro/gbp falls
3. commodities get pressured as dollar goes up
4. market gets hammered as inverse relationship between dollar and market comes back into play



12:30USD
Initial Jobless Claims - Sep 12. 560K 550K
12:30USD
Continuing Claims - Sep 5. 6088K
12:30USD
Housing Starts - Aug. 595K 581K
12:30USD
Building Permits - Aug. 580K 564K
14:00USD
Philadelphia Fed Manufacturing Survey - Sep.

 

[wallstreet1928]

I am short usd/yen 91.31 ...stop loss 91.61

target 91 .......

 

[wallstreet1928]

BP reached it's resistance level at or around 550-555 level .............which coincides with oil reaching resistance @ 72.7 ( I am shorting oil at present target 72.2 )

Barclays reached resistance ................390 is crucial resistance level

Marks and sparks showing signs of exhaustion @ 375

my market leading stocks showing signs of topping

taken profit on oil short ............

a bit risky to have short before data

 

[wallstreet1928]

I am long euro 1.4712 ..stop loss 1.4682

target 1.472

 

[fraggermcg]

potential scenario

12:30USD
Initial Jobless Claims - Sep 12. 560K 550K
12:30USD
Continuing Claims - Sep 5. 6088K
12:30USD
Housing Starts - Aug. 595K 581K
12:30USD
Building Permits - Aug. 580K 564K
14:00USD
Philadelphia Fed Manufacturing Survey - Sep.

Note these times are GMT for anyone not aware. ie key news is at 1.30pm and 3pm UK time.

 

[wallstreet1928]

I am short FTSE 5164 ..stop loss 5180

target 5138

 

[wallstreet1928]

back to sleep

back at 13.30


Engalnd V Australia @ 14.00

England going for 7 - 0 whitewash...haha!!

I should bat at No 3, because they are that bad

 

[wallstreet1928]

I am short FTSE 5164 ..stop loss 5180

target 5138

amend to break even

 

[wallstreet1928]

I am long euro 1.4712 ..stop loss 1.4682

target 1.472

amend to break even

ok so now I can go to sleep in peace

 

[Splitlink]

It's been a good day for some FT100 shares that were oversold last night-- eg. BBY; DGE- So far the index has been crap.

 

[dr.blix]

weekly FTSE looks like resistance @ 5300, poss turnaraound starting the first week in Oct...but then i'm almost always wrong

 

[london_lad]

It had to happen today, when I decided, I am going to trade with the trend. *sigh*