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

[Dentalfloss]

in p/f terms.the last upmove/pattern is called a bullish signal reversed.it is a correction from oversold.when that pattern completes all hell breaks loose
just my opinion
we wait for the last downward column to retrace to get a target for the down move

 

[wallstreet1928]

hi ws
how are you
youre sleep patterns must be really screwed up..i think

I like the choice of words but the answer is simple

"yes"

 

[wallstreet1928]

OK its straight forward for me chaps

KEY LEVEL 5140

> 5140 ...I open long to 5170

< 5140 ........i go short till 5070 ....nice 50-60 point trade

 

[wallstreet1928]

could the USD/YEN ability to hold 90 level be a sign for an oversold Dollar bounce

IF so that would be the catalyst/justification for a nice sell off

 

[wallstreet1928]

OK so we hit this line and gap fill, double bottom from yesterday and we pop

amend to break even and let this ride to 5170

5140 is the key chaps

20 MA right beneath, last time we touched 20 MA was on 15th

Interestingly 50 MA sits just beneath 5070 (5067 to be precise)

 

[wallstreet1928]

The Game of Buy-and-Hold: It Is Over Forever

MarketClub Videos: The Game of Buy-and-Hold: It Is Over Forever

 

[wallstreet1928]

ASIAN SESSION

can we penetrate and remain above this trend line

I think not?

i will certainly find out in the morning

NIKKEI - we still remain below this trend line = still putting in lower highs = bearish sign

 

[wallstreet1928]

OK so we hit this line and gap fill, double bottom from yesterday and we pop

amend to break even and let this ride to 5170

5140 is the key chaps

20 MA right beneath, last time we touched 20 MA was on 15th

Interestingly 50 MA sits just beneath 5070 (5067 to be precise)

TRAIL STOP TO 5152 ........thereby guaranteeing 10 points for all the work, sitting on a chair and clicking the buy button in my pajamas...haha!!

 

[SuddenDeath]

good morning

FTSE current high 5162 it will be above 5200 before end of today

 

[wallstreet1928]

BP - King of the market holds the key chaps

can it go above 560?

this should give us signs of this market stalling

important juncture for BP

 

[wallstreet1928]

OK its straight forward for me chaps

KEY LEVEL 5140

> 5140 ...I open long to 5170

< 5140 ........i go short till 5070 ....nice 50-60 point trade

closed for 25 points profit

good start to the morning

OK so lets move onto next trade

 

[wallstreet1928]

Breach alert ..............

Call security


dax - europeAN leader is a laggard


i am short dax 5735 ..stop loss 5755

target 5650 (YES 85 POINTS.....RISK 20 )

 

[SuddenDeath]

index options expire today 10am - 10.30am

 

[wallstreet1928]

breach alert ..............

call security


dax - european leader is a laggard


i am short dax 5735 ..stop loss 5755

target 5650 (yes 85 points.....risk 20 )

amend to break even and let newtons law of gravity take over

 

[papak]

Mornig all,
Short FTSE at 5165 stop 5175.
Limit: 5095 for now. will see how we go if we go down hard i will move it lower

 

[wallstreet1928]

CURRENCIES GETTING A POUNDING THIS MORNING

Dollar resurgence?

 

[wallstreet1928]

Timberrrrrrrrrrrrrrrrrrrrrrrrr

 

[pentlow1]

Timberrrrrrrrrrrrrrrrrrrrrrrrr

You are having a great day so far. Im short the DAX as well, though i didnt get as good an entry as you, im short from 5730. Can i ask where you get the 5650 target from?

 

[wallstreet1928]

You are having a great day so far. Im short the DAX as well, though i didnt get as good an entry as you, im short from 5730. Can i ask where you get the 5650 target from?

please see chart

PIVOT SUPPORT MAY COME INTO EQUATION BUT BREAK OUTS CAN BE VIOLENT AND IGNORE PIVOTS ESPECIALLY WHEN SELLING OFF
S1 5600
S2 5678

 

[pentlow1]

please see chart

PIVOT SUPPORT MAY COME INTO EQUATION BUT BREAK OUTS CAN BE VIOLENT AND IGNORE PIVOTS ESPECIALLY WHEN SELLING OFF
S1 5600
S2 5678

many thanks.