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

[dr.blix]

i've had a really bad day today, but at least i can identify that it was impatience that was at the root of it.

i seriously need to work on that, i knew a drop was coming, and knew the level it would start and end...this is definitely the hardest aspect for me.

not predicting where things will happen, but having the discipline to wait for it.

 

[wallstreet1928]

now we will get a nice reversal

 

[Chelski]

chelski did you get on the back of this .......

I showed everyone this chart during the day , can you remember

i said if we take out that line then market will become weak and I will get worried as USD/JPY rise = early signs of dollar strength

I only managed to get + 40 pips out of it

Was long $JPY fron 08:00 as per my chart. Came out far too early
Didn't sell cable as i was only in front of the screen 5 mins and not enough time to look at all the action.
You were spot on with $JPY leading the action.
I remember the chart, here's mine again.

 

[wallstreet1928]

i've had a really bad day today, but at least i can identify that it was impatience that was at the root of it.

i seriously need to work on that, i knew a drop was coming, and knew the level it would start and end...this is definitely the hardest aspect for me.

not predicting where things will happen, but having the discipline to wait for it.

The 1st step is to acknowledge your faults

you are a very good trader Dr Blix.......you just have to allow the market to come to you, rather than force it

we are all guilty of it .....

 

[wallstreet1928]

now get ready for reversal city chaps

indices only for now ......

 

[wallstreet1928]

I am short USD/JPY 90.84 ..stop loss 91.14

target 90.54

 

[wallstreet1928]

I have now started to buy into oil for a long term position

I have bought @ $78.58 and I will buy all the way down to $78

stop loss will be $77......

target will be $80

arrr.....should have bought more

close for + 45

oil should fall from here and i will buy back into it again

 

[wallstreet1928]

Hi WS,

Appreciate if you can post the chart with levels too.
TIA.

here you go bagesh


gap fill support levels @ 4225, 4215 , 5190

 

[wallstreet1928]

arrr.....should have bought more

close for + 45

oil should fall from here and i will buy back into it again

oil fallen from 79.05 .....as expected

I have bought again @ 78.84

 

[wallstreet1928]

cable building a nice base chelski

contemplating another long again

 

[Chelski]

cable building a nice base chelski

contemplating another long again

Yes, 16338 is R/S level on 1H, but i would like to see it hold on the close.
15M has same level. if this is the swing low for the day, fib levels could see 16367 23.6%
I'm off for some dinner. Will check levels later and try to get some charts up for the morning.

 

[wallstreet1928]

oil fallen from 79.05 .....as expected

I have bought again @ 78.84

closed for another + 20

it is struggling to get past this level

I will buy into it again

60 points is OK so far

 

[wallstreet1928]

now get ready for reversal city chaps

indices only for now ......

I hope everybody is happy now that we have got reversal city like i stated earlier

I just want everybody to make points by the end of the day that's why i go through all this hard work ........

we should have a happy traders club here

 

[wallstreet1928]

I am long oil $79.12

 

[wh92stang]

I'm enjoying reading the posts here. Just stumbled on this thread yesterday and have found it quite interesting. I don't trade all of the instruments you do, I mostly focus on the Nasdaq, S&P500, forex, and individual stocks. I'll be around here more often.

 

[Chelski]

I hope everybody is happy now that we have got reversal city like i stated earlier

I just want everybody to make points by the end of the day that's why i go through all this hard work ........

we should have a happy traders club here

Good work WS.

 

[h_a]

I shorted ftse at 5240 any chance it will go back down there?

I hope everybody is happy now that we have got reversal city like i stated earlier

I just want everybody to make points by the end of the day that's why i go through all this hard work ........

we should have a happy traders club here

im very happy it went wrong yesterday i kept it overnight and closed it for +15 points

 

[Nasdiq]

I hope everybody is happy now that we have got reversal city like i stated earlier

I just want everybody to make points by the end of the day that's why i go through all this hard work ........

we should have a happy traders club here

Yeah, much appreciated WS.....

I think theres a lot of us in the background beneffiting from your advise...

 

[Nasdiq]

Dollar strengthening ?

 

[wallstreet1928]

im very happy it went wrong yesterday i kept it overnight and closed it for +15 points

you must adhere to stops my friend or you need to hedge yourself , otherwise you will not survive in this game