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

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masnachu said:
Geo , EY M15 , I know they aren't clean swings , but can you see the possibility that pattern #1 may have just formed ? also note the break of confirmed support @ ~ 135.18 ( = Res formed by 7.45 bar , broke out @ 11.45 , +ve test @ 12.00 , retest 13.00 low , attempts to break higher , snaps back (Bear Engulf) and breaks sup @ 135.18 @ 13.30 , the rally @ 14.30 hints at pattern #2 , far from clean though). Now lets see what the reaction on M15 is like.
Click to expand...

Yes, that's a perfect pattern #1 on m15, plus dark cloud cover on H4. Would you wait for the (possible) reversal to be established first before going short though? Just curious.
 
For me I would have to wait for H4 bias to be short on EY to go short - i guess you find that too clunky though Mas.
 
Geofract said:
Yes, that's a perfect pattern #1 on m15, plus dark cloud cover on H4. Would you wait for the (possible) reversal to be established first before going short though? Just curious.
Click to expand...

I wouldn't short that H4 Dark Cloud cover (If I was trading on H4) , too marginal for me. it closed @ 50% prior bar , and the body of prior candle wasn't that big , so it doesn't take too much 'effort' by price to close 50% inside it. Think its more of a High Wave , a possible signal to the start of a possible topping process ? at very least it indicating resistance @ it's high (don't be surprised to see future candles "flash their tails" above that High wave High, Q would be , will they close above it ?)

So yes in this case , I would wait so see if later price action formed a reversal (On H4 I would be looking to get into daily trades with that )

If H4 had been a proper Shooting star or Bear Engulf , I would probably short those straight away (again depends if I can find a entry on lower TF, H4 entry would have too large a risk (stop wise) attached to them)
 
Geofract said:
For me I would have to wait for H4 bias to be short on EY to go short - i guess you find that too clunky though Mas.
Click to expand...

Well no , depends on my intention ,if I was looking at daily/weekly trades , I would use H4 like that . This EY was just short term PA I saw developing this afternoon (only just started EY so still testing out to an extent).
 
jpyusd
yen looks bearish
trendline bounce

20jfwvn.png
 
Dentist

I agree which ever way you look at it - looks like a turn

Maybe one to trade and hold - My VP will surely give a strong trade probability tomorrow and with WS analysis then just checking monthly/weekly/daily and hourlies and your chart here it seems one to go for.

Hope you're feeling OK
 
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ftse 100 at a critical point
a low pole reversal,back to the 50% retrace.if it turns and breaks below 5100,then there will be a price target activated of 5000

tick data
4 by3

w2h76g.gif
 
usdjpy
chart is jpyusd.in p/f terms.the price target is 107.2 corresponding to 92.2 on usdjpy
however,this is a low pole in p/ f terms,weakness in jpy
watch out for a 50% retrace on the pole,corresponding to 108.3 on this chart. 91.7 on usdjpy.above that is showing taht the weakness has been taken out
hourly /close data 0.15 box size by 3 reversal

9tlm9v.png
 
cable could be fighting back
a break above 1.6200.activates a vertical count to 1.6320 area
5 min data

a26gzm.png
 
I am long cable at present .........

stop loss 1.6180

target .........whatever it is when I wake up in the morning ...haha!!

I am also long on USD/JPY and it acts like a decent hedge
 
Last edited:
i'm still calling turnaround for the first week of october...i'm sure mystic meg is running scared of my skillz...not :cheesy:
 
usdjpy..daily chart
0.18 by 3
there is an activated upside target of 94 area.retesting the downward trendline area
usd bullish now

25jv5h2.png
 
I agree with dentist- Ftse is in danger

dentist007 said:
ftse 100 at a critical point
a low pole reversal,back to the 50% retrace.if it turns and breaks below 5100,then there will be a price target activated of 5000

tick data
4 by3

w2h76g.gif
Click to expand...

This is my way of looking at it using time cycles. the horrible crash of 1987 falls in line with 800 days cycle. There is also a larger time cycle 2675 which was 2000 peak to 2007peak. But more important its the 800 days
 

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