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

[Geofract]

I fancy shorts for E$ anywhere around now really. Any opinions on E$ shorts out there?

 

[kaisen]

I fancy shorts for E$ anywhere around now really. Any opinions on E$ shorts out there?

I am short from 14625 and hoping that the 20ma on the 1H will send it down (14646).

I also have a 50% fib at 14645.

I am trying to gauge the 2min bias to see if this is also showing any change.

?

🙂

 

[Geofract]

Hey Geo! Are you able to post your 2m bias change that triggered your short on cable?

Cheers in advance!

🙂

Hey kaisen, how goes it?

2m bias change confirmed when price broke below the swing marked by the lowest green arrow. I took my entry on the following retrace. It's probably a bit too agressive an entry for some, but it does seem to work.

 

[minch]

I fancy shorts for E$ anywhere around now really. Any opinions on E$ shorts out there?

Im short from 1.4640, Geo

Reason: Price retraced to bottom of channel zone formed from 16 sept,
Supp becoming res, also at 50% fib from high of fri to low of today.

 

[Geofract]

I am short from 14625 and hoping that the 20ma on the 1H will send it down (14646).

I also have a 50% fib at 14645.

I am trying to gauge the 2min bias to see if this is also showing any change.

?

🙂

Ah yes, there is already a 2m bias change
- i had missed it! It's the alternate pattern btw, starting around 10.45am - entry trigger would have been around 1.4634ish, and in theory I would be scaled out to zero risk now. Think I am missing the entry as I type 🙂

 

[Geofract]

Im short from 1.4640, Geo

Reason: Price retraced to bottom of channel zone formed from 16 sept,
Supp becoming res, also at 50% fib from high of fri to low of today.

Hi Minch! Haven't seen you around for a while - how's it going?

I am jumping on E$ very soon. 1.4640 is a great price I think, imvho.

 

[kaisen]

Hey kaisen, how goes it?

2m bias change confirmed when price broke below the swing marked by the lowest green arrow. I took my entry on the following retrace. It's probably a bit too agressive an entry for some, but it does seem to work.

Thanks Geo, not great today! FTSE messed me up a bit so far. More lessons re-confirmed though!

Am i correct in saying your bias system would now suggest a short from a break of 14625 which i believe to be position 4?

🙂

 

[Geofract]

£Y 15M pattern #2 , now lets see how far up the chain it propagates.

Did you catch any of the big moves on £Y Mas? - it's been the most crazy drop 🙂

 

[Da.DesiTrader]

Hi Minch! Haven't seen you around for a while - how's it going?

I am jumping on E$ very soon. 1.4640 is a great price I think, imvho.

Geo: Butterfingers really 🙂 Also, my analysis was not as sound as yours.

I think another entry coming around 1.4635 on eurodollar

 

[minch]

Hi Minch! Haven't seen you around for a while - how's it going?

I am jumping on E$ very soon. 1.4640 is a great price I think, imvho.

Im fine Geo thanks, Im more of a laid back swinger these days 🙂

Cant keep up with you swashbuckling daytraders, Im over 50 you know 😆

Edit; Nice entry on cable, by the way.

 

[Geofract]

Am i correct in saying your bias system would now suggest a short from a break of 14625 which i believe to be position 4?

🙂

Yes that's right, well spotted - that's my short trigger now, then I'm scaling out 2/3rds at 50% of my SL value, to cover the cost of the trade.

 

[kaisen]

Yes that's right, well spotted - that's my short trigger now, then I'm scaling out 2/3rds at 50% of my SL value, to cover the cost of the trade.

What is your target price?

🙂

 

[Da.DesiTrader]

Btw, FTSE is doing well. E$ and cable most of the time replicate FTSE. Just my 2 pence.

 

[masnachu]

Did you catch any of the big moves on £Y Mas? - it's been the most crazy drop 🙂

Nope Geo , caught thinking the wrong way last week, was looking to see if there would be some kind of bounce around weekly lows. BIGGEST mistake was not having a backup plan (just cocked up really) when price was looking weak Mon-Wed last week, so missed it. I can't chase a market to save my life , so if I not sitting there waiting for a move I have to let it go. Agree though great moves there last week.

 

[Geofract]

short E$ @ 1.4630 - didn't wait for the trigger - naughty!

1st Target is the overnight low - in theory at least 🙂

 

[masnachu]

Im skeptical on shorting £ without having a brief pullback first. On the dailies £/Y RSI is now at 9! Heading into a bit of support as well.

🙂

Yes long after such a strong move down last week , was/is my thinking , looking to see if H1 can do 142.80~143+ (seeing if it can find Supp now), just seeing if the PA on lower TF's (15M) carries through to the higher TF's (early warning so to speak) , if higher TF's start showing signs of weakness , then will see if I can get a short position going.

 

[kaisen]

Btw, FTSE is doing well. E$ and cable most of the time replicate FTSE. Just my 2 pence.

Or is it the other way around?

🙂

 

[Da.DesiTrader]

Geo: Butterfingers really 🙂 Also, my analysis was not as sound as yours.

I think another entry coming around 1.4635 on eurodollar

Short E$ at 1.4640. FTSE showing weakness in 5M chart. E$ should realise, its following a hoax 🙂

 

[dr.blix]

haha...opened a E$ long, got stopped out, opened a short, got stopped out...

 

[Geofract]

short E$ @ 1.4630 - didn't wait for the trigger - naughty!

1st Target is the overnight low - in theory at least 🙂

I think I am about to have maximum failure on E$! bugger.

Yes, there it goes -20 for me.

edit: that was very poor stop placement too me thinks!