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

[Chelski]

Do we have a low for Cable?
Lower low, higher low on MACD.
Long 16382

 

[Chelski]

Meant ot show chart

Closed + 21

 

[Chelski]

Would like to see the $Y break 9200. This should give further strength to CAD/JPY to head towards 8800.

Here is my 1H Chart. if we Hold above the day high on this there is clear water up to the top of this channel.

 

[Chelski]

again!

 

[Mr. G]

Will the FTSE break and hold 5300 today, I wonder. You know the round number folks will get excited if it does.....:cheesy:

 

[h_a]

any1 contemplating a short on the ftse now

 

[wallstreet1928]

I am still bearish on this market ...............

I have a hedge strategy in place

I am long ftse 5270 ...... no stop loss ...ftse bull flag pattern very strong

i am short Dax 5818 ...no stop loss ....bear flag pattern very weak

i will update you all later with th results

closed ftse + 26 points

now add those 26 points to dax at present so you get a free trade

my short entry was 5818 + 26 points profit = 5844

so I have amended my stop loss on dax to 5844

now i have a free trade

does everyone understand , any questions let me know ?

 

[Da.DesiTrader]

any1 contemplating a short on the ftse now

I am, but I want to see weakness on 30M to 1HR candles. This market is defying all rules of gravity.

 

[wallstreet1928]

I am still bearish on this market and i expect reversal city on the downside from here ....it will be quick and fast for the DAX

 

[dr.blix]

something to note is that the E$ could drop 200 pips and still be in an up trend.

bit random, but, there ya go :cheesy:

 

[wallstreet1928]

WS, you still in $JPY? some nice chances to buy in on those dips. Was long 9167, averaged in on the way down and long 9157 now.

yes my friend like i said earlier there is only way it is going , when this market falls it will fly higher

oil will be under pressure today and I have my shorts organised

bull flag has been negated

 

[dr.blix]

i have 002 and 974 if this E$ fall continues

 

[wallstreet1928]

i have 002 and 974 if this E$ fall continues

market fall = euro fall

its all about 1.5050

I expect the market to close the big gap up

 

[kaisen]

closed ftse + 26 points

now add those 26 points to dax at present so you get a free trade

my short entry was 5818 + 26 points profit = 5844

so I have amended my stop loss on dax to 5844

now i have a free trade

does everyone understand , any questions let me know ?

Hi WS, I fully understand this however newbies should be warned to use it with caution or rather know what they are doing or aspire to get to this level.

Given your experience and knowledge you show how to use this strategy effectively and you make it look easy (as you make everything look my friend!)

However, give thought to a newbie who in trying to hedge chose to go short the FTSE and long the DAX and add that to the lack of skill in knowing when to close the long or indeed without your market understanding which trade to close. Imagine they closed the short to stay with the long!?!

Must appreciated sharing of your strategy my friend and exellent work!

ATB

 

[wallstreet1928]

market fall = euro fall

its all about 1.5050

I expect the market to close the big gap up

OK the reversal city has started

 

[wallstreet1928]

yes my friend like i said earlier there is only way it is going , when this market falls it will fly higher

oil will be under pressure today and I have my shorts organised

bull flag has been negated

oil into profit already

 

[wallstreet1928]

I am still bearish on this market and i expect reversal city on the downside from here ....it will be quick and fast for the DAX

quick and fast indeed

down she goes


OK I am busy now for the rest of the day chaps

I will be back in the evening

 

[wallstreet1928]

market fall = euro fall

its all about 1.5050

I expect the market to close the big gap up

market fall = euro fall

= correct

 

[Mr. G]

Stop now at 5224

Stop now at 5244

 

[wallstreet1928]

closed ftse + 26 points

now add those 26 points to dax at present so you get a free trade

my short entry was 5818 + 26 points profit = 5844

so I have amended my stop loss on dax to 5844

now i have a free trade

does everyone understand , any questions let me know ?

closed DAX + 13 points

total profit of 39 points from the hedge strategy