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

[pentlow1]

Good morning chaps

Well don Mr Masnachu for forecasting the next high....now do we carry on galloping northwards or do we fail here!!

I will still try to find this top, as long as you hedge yourself its perfectly fine, it worked out very economical yesterday

well done pentlow1

Thanks WS, I want to thank you and all the guys on this forum, as i have learnt a great deal from just following your thoughts, which has given me the confidence to trade these markets. Do you have any views on the way I set up the trade yesterday. Was I just lucky or was my thinking logical and appropriate?

 

[wallstreet1928]

I am short ftse 5161 ..stop loss 5186

target 5136

 

[IVON]

Alerts Singnals.

Hello Mr Ivan ......

I trade CFD's with CMC Markets for trading

ant more question just PM me

Dear Mr PaulHClark,

Please do you know of any Alerts Singnals, of course freeware that i can apply. thanks for your support.

Mr Ivon.

 

[PaulHClark]

I am short GBP/Yen

1.4991 stop 1.5051 and target 1.4958

 

[PaulHClark]

IVON - Alert Sugnals

Not sure if you meant me or Wallstreet given your posted quote - I use VantagePoint which is not freeware - sorry I can't be more help.

 

[PaulHClark]

I mentioned yesterday that Banks still had toxic assets on their balance sheets - the scale of which is largely unknown and have yet to be cleansed. I thought this news from Barclays gives a small insight to the scale (perhaps) of what is still out there. Note this is just one bank and may not be all of their toxic assets.

Barclays accused of trickery in $12.3bn toxic asset sale - Telegraph

 

[london_lad]

Paul, by turtle's theory, if market goes even 1 point below 1 Sep's lows. THEN go short.

 

[london_lad]

I am buying today, if the FTSE gap fills or if break the highs after US open.

 

[london_lad]

I have realised that when 100MA/EMA is up on dailies/hourlies and 30 min, then I will only look for buy opportunities. Trade with the trend. Also, not sophisticated enough like WS to bring hedging into equation, because I think, it is the same issue when you hedge, as if you were looking for a new trade. Your losses and gains are limited to when you get into a hedge.

 

[wallstreet1928]

I am short GBP/Yen

1.4991 stop 1.5051 and target 1.4958

that is a very good trade

I totally forgot to take it

I will certainly short it on a pullback now

 

[wallstreet1928]

I am short ftse 5161 ..stop loss 5186

target 5136

amend to break even

 

[wallstreet1928]

I have realised that when 100MA/EMA is up on dailies/hourlies and 30 min, then I will only look for buy opportunities. Trade with the trend. Also, not sophisticated enough like WS to bring hedging into equation, because I think, it is the same issue when you hedge, as if you were looking for a new trade. Your losses and gains are limited to when you get into a hedge.

yes but its better than allowing your stop loss get hit if you are wrong

you end up break even worst case scenario and on most occasions you end up with a profit

I went long on SP500 yesterday @ gap fill as a hedge and made 130 points ......

now that paid for my FTSE loss and gave me a very nice healthy profit

 

[london_lad]

I am short ftse 5161 ..stop loss 5186

target 5136

Why mate?

 

[wallstreet1928]

I am long on DAX ...gap fill 5721 ...stop loss 4695

target 5746


FTSE short stop loss must be cancelled

 

[london_lad]

yes but its better than allowing your stop loss get hit if you are wrong

you end up break even worst case scenario and on most occasions you end up with a profit

I went long on SP500 yesterday @ gap fill as a hedge and made 130 points ......

now that paid for my FTSE loss and gave me a very nice healthy profit

I need to paper trade this method for some time, before I can start entering trades and countertrades

 

[wallstreet1928]

Why mate?

BP reached it's resistance level at or around 550-555 level .............which coincides with oil reaching resistance @ 72.7 ( I am shorting oil at present target 72.2 )

Barclays reached resistance ................390 is crucial resistance level

Marks and sparks showing signs of exhaustion @ 375

my market leading stocks showing signs of topping

 

[london_lad]

cool I have a sell stop order at the lows of Sep 1. I may have to wait for 6 months of 6 years or 6 days for that.

 

[wallstreet1928]

I am long on DAX ...gap fill 5721 ...stop loss 4695

target 5746


FTSE short stop loss must be cancelled

closed DAX for 12 points profit

i will go long again

 

[wallstreet1928]

I am short ftse 5161 ..stop loss 5186

target 5136

using the 12 point profit from the dax trade

I will amend my FTSE stop loss to 5173

worst case scenario i break even

best case scenario I hit my target when FTSE reaches gap fill


See how hedging can work Mr Lonlad .............


there are so many ways to trade this market

 

[wallstreet1928]

Nasdaq

its only going one way

it has even taken out 1695

very impressive

1800 is a possibility

61.8% retrace = 1782