FTSE move stop to BE
Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
- Thread starter wallstreet1928
- Start date
- Watchers 252
- Status
FTSE move stop to BE
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
Just looking at 10min candles on ftse100, if you calculate the top needle on down bars and bottom needle on up bars u can use this for entering positions
wallstreet1928
Legendary member
- Messages
- 6,609
- Likes
- 89
Geofract
Experienced member
- Messages
- 1,483
- Likes
- 112
Morning all. Waiting for pullbacks to short any of the FX pairs I watch. Could be a long wait.
E$ short at 1.4130 ish might be good, if it gets there. I can't see there being an entry on £Y short for sometime yet, at least on my entry criteria.
Good luck with your USD/JPY long Vinicus.
E$ short at 1.4130 ish might be good, if it gets there. I can't see there being an entry on £Y short for sometime yet, at least on my entry criteria.
Good luck with your USD/JPY long Vinicus.
vinicius
Established member
- Messages
- 795
- Likes
- 54
Too much sellers at 94.40.. I got out at +9.. Looking for a re-entry at 94.00.
Nothing is moving today.. Very quite.
- FTSE100 volume 141.4M shares, about 38% lower than its 30 trading day moving average
- DAX30 volume 16.6M shares, about 22% lower than its 30 trading day moving average
- CAC40 volume 21.9M shares, about 26% lower than its 30 trading day moving average
wallstreet1928
Legendary member
- Messages
- 6,609
- Likes
- 89
taking profit of 12 points as I now believe this market has an upward bias ............
wallstreet1928
Legendary member
- Messages
- 6,609
- Likes
- 89
What is the consensus on using fib?
Do you measure from the extreme "wicks" or the main bodies from the candles?
I use both, no preference but it shouldn't make much of a difference............giving you a variance of 5-10 points!!
provided you use other variables along with your position to buy or sell it shouldn't really have an impact on your results
Geofract
Experienced member
- Messages
- 1,483
- Likes
- 112
What is the consensus on using fib?
Do you measure from the extreme "wicks" or the main bodies from the candles?
Extreme wicks for me
But then if you're trading something that doesn't move much, it won't make much difference, but with £Y, with a +280 pip daily range, it's a different story.
kaisen
Established member
- Messages
- 631
- Likes
- 11
wallstreet1928
Legendary member
- Messages
- 6,609
- Likes
- 89
closed for 18 points profit as bias to the upside now ............
kaisen
Established member
- Messages
- 631
- Likes
- 11
Extreme wicks for me
Thanks Geo.
vinicius
Established member
- Messages
- 795
- Likes
- 54
wallstreet1928
Legendary member
- Messages
- 6,609
- Likes
- 89
Buffett Says U.S. Federal Debt Poses Risks to Economy, Dollar
Aug. 19 (Bloomberg) -- The U.S. must address the massive amounts of “monetary medicine” that have been pumped into the financial system and now pose threats to the world’s largest economy and its currency, billionaire Warren Buffett said.
The “gusher of federal money” has rescued the financial system and the U.S. economy is now on a slow path to recovery, Buffett wrote in a New York Times commentary yesterday. While he applauds measures adopted by the Federal Reserve and officials from the Bush and Obama administrations, Buffett says the U.S. is fiscally in “uncharted territory.”
The government is trying to spark business and consumer spending through a $787 billion stimulus plan spanning tax cuts and infrastructure projects, while the Treasury and the Fed have spent billions more on separate programs to rescue financial institutions and resuscitate the banking system. The U.S. budget deficit is forecast to reach a record $1.841 trillion in the year that ends Sept. 30.
“Enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects,” Buffett, 78, said. “For now, most of those effects are invisible and could indeed remain latent for a long time. Still, their threat may be as ominous as that posed by the financial crisis itself.”
The “greenback emissions” will swell the deficit to 13 percent of gross domestic product this fiscal year, while net debt will increase to 56 percent of GDP, Buffett said.
Record Deficit
The U.S. budget deficit reached a record for the first 10 months of the fiscal year and broke a monthly high for July. The excess of expenditure over revenue for July climbed to $180.7 billion compared with a $102.8 billion gap in July 2008 as the government spent more than in any month in U.S. history, the Treasury said Aug. 12.
Officials must still do “whatever it takes” to get the U.S. economy back on its growth momentum, Buffett wrote.
“Once recovery is gained, however, Congress must end the rise in the debt-to-GDP ratio and keep our growth in obligations in line with our growth in resources,” Buffett said. “With government expenditures now running 185 percent of receipts, truly major changes in both taxes and outlays will be required. A revived economy can’t come close to bridging that sort of gap.”
Pacific Investment Management Co., which runs the world’s biggest bond fund, said in an Emerging Markets Watch report that the dollar will weaken as the swelling U.S. deficit erodes its status as a reserve currency. The Dollar Index, which tracks the greenback against a basket of currencies, has fallen 12 percent from this year’s high in March.
“Unchecked greenback emissions will certainly cause the purchasing power of currency to melt,” Buffett said. “The dollar’s destiny lies with Congress.”
Buffett is the chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc. Buffett built Berkshire into a $155 billion enterprise over four decades with dozens of acquisitions, buying companies that sell ice cream, lease private jets and operate power plants.
Aug. 19 (Bloomberg) -- The U.S. must address the massive amounts of “monetary medicine” that have been pumped into the financial system and now pose threats to the world’s largest economy and its currency, billionaire Warren Buffett said.
The “gusher of federal money” has rescued the financial system and the U.S. economy is now on a slow path to recovery, Buffett wrote in a New York Times commentary yesterday. While he applauds measures adopted by the Federal Reserve and officials from the Bush and Obama administrations, Buffett says the U.S. is fiscally in “uncharted territory.”
The government is trying to spark business and consumer spending through a $787 billion stimulus plan spanning tax cuts and infrastructure projects, while the Treasury and the Fed have spent billions more on separate programs to rescue financial institutions and resuscitate the banking system. The U.S. budget deficit is forecast to reach a record $1.841 trillion in the year that ends Sept. 30.
“Enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects,” Buffett, 78, said. “For now, most of those effects are invisible and could indeed remain latent for a long time. Still, their threat may be as ominous as that posed by the financial crisis itself.”
The “greenback emissions” will swell the deficit to 13 percent of gross domestic product this fiscal year, while net debt will increase to 56 percent of GDP, Buffett said.
Record Deficit
The U.S. budget deficit reached a record for the first 10 months of the fiscal year and broke a monthly high for July. The excess of expenditure over revenue for July climbed to $180.7 billion compared with a $102.8 billion gap in July 2008 as the government spent more than in any month in U.S. history, the Treasury said Aug. 12.
Officials must still do “whatever it takes” to get the U.S. economy back on its growth momentum, Buffett wrote.
“Once recovery is gained, however, Congress must end the rise in the debt-to-GDP ratio and keep our growth in obligations in line with our growth in resources,” Buffett said. “With government expenditures now running 185 percent of receipts, truly major changes in both taxes and outlays will be required. A revived economy can’t come close to bridging that sort of gap.”
Pacific Investment Management Co., which runs the world’s biggest bond fund, said in an Emerging Markets Watch report that the dollar will weaken as the swelling U.S. deficit erodes its status as a reserve currency. The Dollar Index, which tracks the greenback against a basket of currencies, has fallen 12 percent from this year’s high in March.
“Unchecked greenback emissions will certainly cause the purchasing power of currency to melt,” Buffett said. “The dollar’s destiny lies with Congress.”
Buffett is the chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc. Buffett built Berkshire into a $155 billion enterprise over four decades with dozens of acquisitions, buying companies that sell ice cream, lease private jets and operate power plants.
london_lad
Established member
- Messages
- 675
- Likes
- 1
IG charts dont show FTSE volume (even if its selected from settings). Where do you get FTSE 100 volume realtime along with the chart movements.
Also on google you dont get volume (even though its 15 min delayed)
Also on google you dont get volume (even though its 15 min delayed)
kaisen
Established member
- Messages
- 631
- Likes
- 11
Agreed, but it was one of those niggling questions in the back of my mind that i wanted to get rid of!
- Status
Similar threads
