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

[francisfinley]

francis. i went back to youre blog spot this morning.i did understand it better.i am still confused at which are the important trendlines.please let me know..thanks
also which are the important s/r zones.

the most powerful is where the trendline and support line meets.

usually after watching a pro do it he will look along a support line to where it spiked. look at my recent chart for 23rd march 09. See the spike upto 4020? also look at 15th april 09. thats the 4020 support line. now look at the trend line rising up as support the black one not the pink one. it hit that as well as 4020 and said no thanks.

support and reisistance and trendlines. it is soooooo simple but it works. it really does.

 

[rezadamus]

sold crude jun 09 at 4809

 

[rezadamus]

sold crude jun 09 at 4809

closed at 4766- beautiful!

 

[wallstreet1928]

barclays

195 .............important level and target in the interim

target met

I am going long from here

 

[rezadamus]

oil is dropping guys- what's going on in the real world??? (NOT Technical Analysis!!!)

 

[SuddenDeath]

anyone use the VIX when trading

 

[rezadamus]

iv shorted the ftse @ 3927.8 ...25 points stop

 

[SuddenDeath]

Seasonal chart of crude 17yr and 15yr

oil is dropping guys- what's going on in the real world??? (NOT Technical Analysis!!!)

Crude Oil Seasonal Chart

 

[wallstreet1928]

target met

I am going long from here

closed barclays @ 203

 

[rezadamus]

sold ftse again at 3943 again, 12 point stop

 

[bw81]

closed barclays @ 203

well done :clap: :clap: :clap:

nice trade, I quite like getting those nice moves on the quality blue chip shares.

 

[rezadamus]

short ftse again at 3936.8

 

[wallstreet1928]

well done :clap: :clap: :clap:

nice trade, I quite like getting those nice moves on the quality blue chip shares.

thanks mate ...off to gym!!

speak to you all later

happy trading

 

[wallstreet1928]

GEITHNER SPEECH......................


put on bloomberg and keep an eye on what this chap has to say

 

[rezadamus]

all my ftses closed at 3923- total p&l 38.6 points....daily P&L +76.8 profit on ftse....
+43 points profit on my crude oil position....119.8 points total....im done for the day..(probably!)

 

[bw81]

all my ftses closed at 3923- total p&l 38.6 points....daily P&L +76.8 profit on ftse....
+43 points profit on my crude oil position....119.8 points total....im done for the day..(probably!)

well done!!

its a good haul you got there

 

[dr.blix]

constricting triangle coming up, looks like it's gonna hit just after the london closing, presumably the outcome will play out on the DOW.

i thought 3939 would hold it...wrong again

 

[rezadamus]

well done!!

its a good haul you got there

Thanks!

 

[francisfinley]

all my ftses closed at 3923- total p&l 38.6 points....daily P&L +76.8 profit on ftse....
+43 points profit on my crude oil position....119.8 points total....im done for the day..(probably!)

very nice reza! i only dabble in the ftse meself!!

 

[dawntrader1]

well done!!

its a good haul you got there

very well done ! I stupidly went against the concensus and went long only to see drop after drop - took my off the ball for 30 mins as got dragged into a meeting - came back to big losses but decided to ride it out. Luckily it all recovered and 96 points in total achieved so far. kept one position open for tonight. phew !!