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

[TomTom]

Good day all.
Yesterdays action was called right and we got the earnings and the market went higher as expected.
Today most are on the buy side of the market.
Important to note.
1.30 London time all will change and we see direction for the day set in.
I have been correct for a few times now, but this is my postion.
I will have heavy sell orders 15, then 15, then 10, then another 10 on the sell side every 7points below the current price at 1.28pm just before the data.

Today is the day I have marked for a big decline.

Watch how things map out to see if I was right ?

 

[wallstreet1928]

market hits this line once again and bounces

keep watching this trend line folks

 

[Chelski]

i'm in my final position of the day, i've made 3 bad short calls so far, stopped out on all of them, but i do believe a fall is coming, i think i've just opened way too early...it may be 994 before it turns.

i'm short @ 977

i need a fair few pips to make up for losing yesterdays gains.

Break and hold this trend line i think we see some down side.

 

[wallstreet1928]

Good day all.
Yesterdays action was called right and we got the earnings and the market went higher as expected.
Today most are on the buy side of the market.
Important to note.
1.30 London time all will change and we see direction for the day set in.
I have been correct for a few times now, but this is my postion.
I will have heavy sell orders 15, then 15, then 10, then another 10 on the sell side every 7points below the current price at 1.28pm just before the data.

Today is the day I have marked for a big decline.

Watch how things map out to see if I was right ?

Good call yesterday Tom TOm

 

[TomTom]

Thanks Walstreet.
Much respected data out in one hours time.
Can not say much but the news is not going to be good.
Just be prepared if you or anyone has an open postion at 1.30.
As i say its best to use market orders to get you in to the trade.
The time and cycles are ripe for a decline and I say today could be the day ?

 

[wallstreet1928]

caterpillar out and boom

keep an eye on this trendline folks

 

[TomTom]

Selling in to this

 

[bagesh]

Thanks Walstreet.
Much respected data out in one hours time.
Can not say much but the news is not going to be good.
Just be prepared if you or anyone has an open postion at 1.30.
As i say its best to use market orders to get you in to the trade.
The time and cycles are ripe for a decline and I say today could be the day ?

Any particular reason for yr feel?
I see Pfizer, CAT, United Tech .. all posting good results. Apple, TI were great last night too.
Just trying to think what will trigger a down fall.

 

[wallstreet1928]

EUR/USD..........

even with blow out numbers EUR/USD and oil cant rally ........

this is sign of weakness

I have opened another short on EUR/USD....@ 1.4976

average short position @ 1.4971 now

stop loss 1.5

 

[wallstreet1928]

Good results = Dollar strength .............

Good results = market strength

hmmmm..............

 

[wallstreet1928]

USD/JPY is a sign of early dollar strength ...........

Dentist mentioned USD/JPY is making a nice comeback

once USD/JPY starts to break this line then I will get worried as DOllar up = markets down

until then I can relax

 

[wallstreet1928]

cable starting to show signs of exhaustion

I am looking to short this pair soon if the set up is good

target will be 61.8 % Fib retrace @ 1680 and 200 MA @ 16370


watching cable to see if it holds 1.6410 ......

any failure and i will short

 

[bagesh]

USD/JPY is a sign of early dollar strength ...........

Dentist mentioned USD/JPY is making a nice comeback

once USD/JPY starts to break this line then I will get worried as DOllar up = markets down

until then I can relax

Sorry for my newbie question.
Why will markets go down if dollar gain strength? Is it because the export oriented companies make less profit with dollars strength?
Thanks in advance.

 

[TomTom]

Hi Wallstreet.
Gots very good reasons , its called buy the roumour sell the news.
Also he cycles and season is right, link this to high returns we see should see profit taking.
The data at 1.30 is the catolyst though.
Allready Short
These are futures contracts not pounds per point ( 250 per point )
LIFFE. FTSE 100 (NEW STYLE) INDEX (Z) DEC09
Sell 25 at 5263.5 Limit

As we go lower below 5250 onthe futures I will add at 7 contracts at 5248, 5241, 5237 taking it up to 50 contracts short.

If me correct I cold make what most people make in a year before the end of the day.

As the contracts gets filled I off load smaller trades at the top of the bath so to speak ......this gets the risk money management correct.

 

[wallstreet1928]

Sorry for my newbie question.
Why will markets go down if dollar gain strength? Is it because the export oriented companies make less profit with dollars strength?
Thanks in advance.

dollar low =

1. US assets are very cheap, US equities get a pick up in demand

2. Commodities become cheaper , pushing up shares of commodities. US market like UK market , very heavily weighted towards commodities.

 

[wallstreet1928]

Hi Wallstreet.
Gots very good reasons , its called buy the roumour sell the news.
Also he cycles and season is right, link this to high returns we see should see profit taking.
The data at 1.30 is the catolyst though.
Allready Short
These are futures contracts not pounds per point ( 250 per point )
LIFFE. FTSE 100 (NEW STYLE) INDEX (Z) DEC09
Sell 25 at 5263.5 Limit

As we go lower below 5250 onthe futures I will add at 7 contracts at 5248, 5241, 5237 taking it up to 50 contracts short.

If me correct I cold make what most people make in a year before the end of the day.

As the contracts gets filled I off load smaller trades at the top of the bath so to speak ......this gets the risk money management correct.

Interesting ............

Right, nobody even think of going Long.

We will all short together so we can push your position into profit quickly ....haha!!

I have gone short and long up to the high ...........

I have made enough points for a day to sit on the sidelines

I have short on Euro only and I will sit this out until 13.30

 

[bagesh]

dollar low =

1. US assets are very cheap, which means that foreign investors must buy dollars in order to buy cheap US assets.
US equities get a pick up in demand

2. Commodities become cheaper , pushing up shares of commodities. US market like UK market , very heavily weighted towards commodities.

Easy explanation .. many thanks.

 

[SabreTT]

What evidence is there for a fall. SPY closed up from ftse close and yet we opened down today, that was the blip down and now we're moving up in anticipation of a strong usa open which is what I expect.


ISF Vwap is 5283 so we're above the average and market is rising in a channel

eur/jpy also up in a regular pattern

wait on one of those to change before placing a bet I reckon, its too expensive to try and catch a wave up or down before it even starts to break


We got some previous support around 5400 maybe

 

[bagesh]

If anyone trade in shares .. can they share their view on Greene King, United Utilities, barclays and Compass group?
I think Compass is at a good point for shorting and others for long.
Any help is appreciated.

 

[TomTom]

LOL thanks for going short to help my postion WStreet
One has to have a game plan or they will sit there cliping the market and earn very little doing it resulting in a hard days work.
I have my game plan and will act acordanately.
I will cut the shorts for a profit to be flat in the next few mins before the data.
However will have the orders in place should we decline.