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

[wallstreet1928]

I am short FTSE 3906 ...stop loss 3936

Its looking weak at open for me and S&P failed to get past 823 again

amend to break even

 

[candles]

should have said, my stop's about 20 pips on this one.
Bit of a tough one to call. The daily chart looks like it might want to break up from an INV. H&S pattern. shorter timeframes we are getting a bit over extended and have failed a few times at 823 on the spx as WS mentioned. We'll see

 

[wallstreet1928]

should have said, my stop's about 20 pips on this one.
Bit of a tough one to call. The daily chart looks like it might want to break up from an INV. H&S pattern. shorter timeframes we are getting a bit over extended and have failed a few times at 823 on the spx as WS mentioned. We'll see

keep your stop loss in place and relax my friend

thats why i have never quit my day job, I just place the trade and carry on with my day job

if you sit in front of the screen you start to get emotionally attached to the trade and end up doing something silly

 

[bw81]

keep your stop loss in place and relax my friend

thats why i have never quit my day job, I just place the trade and carry on with my day job

if you sit in front of the screen you start to get emotionally attached to the trade and end up doing something silly

i totally agree, put your trade on as you see the chart and leave it. emotions should never come into it. set your sights on the trade and what you expect to achieve from the trade acording to what the charts are telling you. i have been testing limit orders on entry to take profit at what i expect it to get to.

 

[wallstreet1928]

I am shorting barclays 130.1 ...stop loss 135

target 125

 

[wallstreet1928]

I am short Rio Tinto 2285 ...stop loss 2320

target 2220

 

[wallstreet1928]

I am short DAX 4233....stop loss 4253

 

[candles]

trying a short on the ftse here at 3908

Closing that here for plus 20 pips at 3888

 

[wallstreet1928]

Closing that here for plus 20 pips at 3888

well done candles , good trade

that 823 level is causing some real problems across the pond ..haha!!

 

[wallstreet1928]

I am short DAX 4233....stop loss 4253

closed DAX break even

not working like i expected

 

[wallstreet1928]

i am long FTSE 3878 ...stop loss 3848

 

[wallstreet1928]

I am short Rio Tinto 2285 ...stop loss 2320

target 2220

closed with a few points -- but break even really

not working like i expected

 

[wallstreet1928]

i am long FTSE 3878 ...stop loss 3848

closed for 15 points profit

25 points so far today!!

 

[bw81]

i am long FTSE 3878 ...stop loss 3848

good call on this one, i was watching for 3875 to go long and it didnt reach my target

 

[wallstreet1928]

its so hard trading today

i am thinking of calling it quits for the day guys

the range is too tight

anyone who has made money this week is a very good trader in my book

 

[bw81]

its so hard trading today

i am thinking of calling it quits for the day guys

the range is too tight

anyone who has made money this week is a very good trader in my book

yeah it is hard, im only 10 points up so far, not moving fast enough stuck in a rut right now

 

[wallstreet1928]

i will post charts instead

whilst watching highlights of New zealand V india

 

[bw81]

i will post charts instead

whilst watching highlights of New zealand V india

nice one!

Im stuck writing some code for a client (one of those jobs Ive been puttin off for ages) deadlines Monday!!

 

[neil]

Dipping into the pot and patience?

i will post charts instead

whilst watching highlights of New zealand V india

My impression after my brief forays into the world of ftse and Dow scalps this week is that you have to wait about for some reasonable 1 minute break outs. I found it tiring but educational plus I continue to get good advice from some on this site - thanks.

Is it always like this or are there weeks where one can dip into the indicies more frequently to get your 20 or so pips for the day?

 

[francisfinley]

this test of 3930/40 is going to be key!

watch closely.