Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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london_lad
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RSI5 is 32.7 on a 10M at 11:00AM on FTSE100. Is IG screwing my chart or what? can anyone confirm?
london_lad
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So what are the positions folks? I am long at 4702 with s/l at 4680
I was intending to trade on this until IG were demanding a 60 point SL!
I think they have increased all the minimum stops have IG Manya, was looking at that myself. Due to this volotility
I was intending to trade on this until IG were demanding a 60 point SL!
just had a look , 120 pip Guaranteed stop distance 
melanie911
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betting a pullback to 4.5k
kaisen
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SuddenDeath
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Mr. G
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4.5k on the FTSE? On what basis....?
london_lad
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On the basis that goldman and the likes will take their profits sending us into a doubledip :smart:
Look at the dailies , it's not that much of a stretch, not saying it will , just that it's not that implausible
london_lad
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exited for 10 points. I sense a fall,
kaisen
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IMO, this last rally up and beyond 4700 is purely a bank and financials led rally following the BoE QE anouncement.
The sector is up over 5% and this I believe is dragging other stocks up as well.
Oil has not gone anywhere, dollar has strenghtened, mining sector is trading lower than this morning but FTSE higher!
I think the thing to watch is where bank stocks go at the mo.
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london_lad
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Looks like we have officially broken the 4700 barrier.
london_lad
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kaisen, the bank stocks took us down, they may well be the ones to take us out as well?
You were trading with the trend, wouldn't you have at least wanted to just move stop to b/e and give the trade a bit of time to move? No point in trying to call tops!
kaisen
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Yeah, but banks true business model for income is lending and with so many businesses shedding jobs and looking good by virtue of cost cutting it all smells a bit funny.
Also the change of accountancy procedures in the US make banks look better and hide the true situation. They are currently considering changing the procedures again, which could make them look bad (true picture).
I just cant stop thinking that all the good news is because the investment side has been doing so well rather than traditional banking.
Given the increase in QE it all starts looking like a double dip - bank led again.
Time will tell but i cannot understand such a quick and strong stockmarket move when all the comment is for a slow recovery and jobless numbers keep increasing, business numbers continue to be bad and the UK have increased their QE.
You were trading with the trend, wouldn't you have at least wanted to just move stop to b/e and give the trade a bit of time to move? No point in trying to call tops!
currency min stop seems to be back to norm
london_lad
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long at 4718 - based on RSI and WilliamsR 5 signal on 10M
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