Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Hit my target, will wait for a pullback for possible re-entry - best to see how this area plays out and if we really are on course for pivot @ 4137
out @ 4127 for +25, made up for my earlier dax foolishness
Yes, should really have seen how far this burst would go first before closing - had enough profit in the trade to afford it - but there we go
Buttered on both sides?
So you take contrarian views to a broad opinion if certain indicators remain unchanged, ie. in this case crude, only small change on DOW?
Nice trade on the FTSE Lapa, called it great there. Shame about the DAX its well into positive now. GAP fill and still climing.
dr.blix
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excuse me sir, but i think you have me mistaken for a frenchman! :-0
🙂cheesy🙂
EDIT: apologies for posting such a high volume of nonsense, but i've missed my long and i'm trying to entertain myself until the next opportunity.
I am just not familiar enough with the DAX levels - and wasn't patient enough.
I was looking for tests on DAX and FTSE of their major low levels as a set up for morning longs - had 4540 DAX / 4100FTSE as good supports and entries, with 4550DAX and 4115FTSE as levels which opened up my targets.
Called it wrong on DAX, think trying to trade this prior to ftse opening is not a good idea? That spike @ 0800 is what hit my stop, otherwise, target would have been reached.
SuddenDeath
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as we know, a market cannot go up if everyone is long,..
... and it cannot go down if everyone is short. on weekly time frame its heading down, needs to breech 4168 for that view to change.
... and it cannot go down if everyone is short. on weekly time frame its heading down, needs to breech 4168 for that view to change.
Did you get a pullback 0900ish Split?
Yes I agree, its difficult to call it prior to both indexes being open. The reason I was neutral was becasue there are perfectly good reasons for trading either way. If it carrys on going up I will be looking for a short opportunity.
I think there are a lot of stops and buy orders around 4100 / 4000.
I feel very secure taking longs from those levels on first tests, and then trading on a trend back down towards them once/if it establishes itself later on with regards to weekly trend.
Keeping in longs during moves as they get further away from key levels (in this case 4100) when the trend on higher TFs is down makes me nervous.
I am sitting out now until a trend down emerges from this pivot @ 4137 or we reach 4152 R1 /4155/4160.
Geofract
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No, but good point there LL. Especially as eur/gbp often ranges over night.
Its the best pair I've found for it, Geo - for ranging overnight and yet liquid enough to move strongly on the b/o 5M - the pair have only one hour between them on opens for the stock markets
I did see the range, then got focused on your trade Lapa, so missed the break down ...LOL!! Damn what a fine move that was😢
I am eyeing up the GBP/USD coming to my uptrend line again which it bounced off at 8.40am Maybe we both crazy Geo 😎
Don't focus on me, whatever you do!!!!!!
Have to set up sound alerts, keep missing these opps on eurgbp, and they are so much better r/r than indices
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