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

[wallstreet1928]

oil ...........

1 month 1 hr

1 week 10 mins


Key level ...................

$70.7 .................upside ...triggers long

$70.1 ........downside trigger short

 

[wallstreet1928]

Hey ws, close below trend line on the hourly but closed above last hourly candle. How are you interpreting this?

Technically still no confirmation?

that is a classical example of a fake break out my friend and it caught me off guard .........stop loss hit!

but if you follow the methodology you will get 1-2 false break outs, out of 10 ...........but that still gives 80-90% success rate

 

[wallstreet1928]

euro ..........

bear flag ...........

looking to short 1.4220-4210 when I get confirmation

stop loss 1.4250 ..

target 1.4160

 

[wallstreet1928]

ftse

1 month 1hr
levels
4745
4723
4730

look to buy @ 4700 ...stop loss 4670


1 week 10 mins

 

[jonboy123]

MACD showing bearish move coming up.
Histogram divergence with macd line slope.
Histogram divergence with Price also.
Macd line (peaks) divergence with price (from mid may) this long term signal is more reliable i think.

Bearish div on histogram signalled the moving average crossover of MACD line with 9EMA....bearish crossover. Just happened.
Centre line has just crossed down = bearish.

They say MACD is good for trending markets. And RSI is good for ranging markets.
But what is the ftse doing? trending or ranging?
its trending since mid july 2009. But it was ranging before that for 2 months.
Or do we look at Weekly chart to determine whether its ranging or trending?
weekly shows trending up from april 2009.

(i took blix's suggestion, reading and learning with articles elsewhere more so now.
And reading Trading in the Zone...i feel calm now.
Sorry blix, i know you said to ditch MACD, but ive just got to grips with it today: reading up on it all day...im exploring it for myself first, as you can see...i quite like it)

 

[Dentalfloss]

last 8 days
tick data
14 points by 3
long from 4630 area.last signal was bearish

 

[Dentalfloss]

its in the deaath zone,uneess some news takes it above 4740 res

 

[Mr. G]

First trade closed at 1615 :clap:

Second half stopped out at b/e (1618) last night just before the spike up. Ironically enough I had 1633 as my target; had my stop been so tight (or had I not been so keen to move it to b/e) I would have been closed a pip or two off of the high. Oh well, learn and move on. Preservation of capital is rule number one I think!

 

[SuddenDeath]

good morning everyone.

 

[Trader143]

Good start of day went long at open in FTSE at 4719 got out 4733 quick 14 point

 

[SuddenDeath]

Trader143, excellent trade, I was sitting and wondering what to do.

 

[wallstreet1928]

pending entry

I will buy FTSE 4755...stop loss 4730

target 4785

 

[Chelski]

pending entry

I will buy FTSE 4755...stop loss 4730

target 4785

WallStreet,

i have a 1H chart trend line at that level, are you waiting for the hour to close above?

 

[wallstreet1928]

WallStreet,

i have a 1H chart trend line at that level, are you waiting for the hour to close above?

1 month 1 hr chart

confirmation above previous high on 1hr chart

all market leading stocks above trend lines and creating bull flags

 

[wallstreet1928]

potential bear flag forming on euro .........

do we bounce @ 1.4240 double bottom intraday or do we fall further?

 

[wallstreet1928]

barclays .........

 

[wallstreet1928]

oil ...........

1 month 1 hr

1 week 10 mins


Key level ...................

$70.7 .................upside ...triggers long

$70.1 ........downside trigger short

amended long to break even

target $71.5 - $72

edit............

change of mind

I think I will take profit of 23 points and go long again as Euro forming bear flag ..........

 

[wallstreet1928]

euro bear flag

will we roll over or do we rally @ 10.00am german gdp data

I am in 2 minds ........

FTSE giving me very bullish sign but Euro is forming bear flag ............

confusing ...........:innocent:

that's why we have something called a s stop loss

 

[wallstreet1928]

retail sector very strong today .............

in anticipation of US retail sales data and reports .........

Aug 13 Time Not Supplied Autodesk, Inc. (ADSK) 0.19 Low
Aug 13 After Market Blockbuster Inc. (BBI) -0.12 Low
Aug 13 Before Market Briggs & Stratton Corporation (BGG) -0.05 Low
Aug 13 07:00 am ET Kohls Corporation (KSS) 0.7 Low
Aug 13 07:00 am ET Wal-Mart Stores Inc. (WMT)

 

[wallstreet1928]

amended long to break even

target $71.5 - $72

edit............

change of mind

I think I will take profit of 23 points and go long again as Euro forming bear flag ..........

haha.....................this market is crazy!!

as soon as I take profit on oil...............oil falls right back to $70.70

I will look to buy back again after german data