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

[kaisen]

Morning all,
GDP figures out at 9:30. expected to be good. Watch out £$

Hi Fast Trader and hello everybody, WS

I have heard figures of 0.4% mentioned but this is one of those rumours.

Either way, if it is good this may already be factored in given the recent surge in GBP strength.

I will be watching what happens as a positive figure could still cause a sell off as price has gone up so much all ready.

Often is the case the real uplift is prior to announcement.

Time will tell.

 

[Da.DesiTrader]

MR.G why nov contract, why not on cash? it replicates future price anyway?

 

[SSINGH]

gut feeling gdp will print -ve

 

[Chelski]

gut feeling gdp will print -ve

Gordon Brown won't let them do that, needs some +ve PR. Lets get the conspiracy theory going!!

 

[kaisen]

Hi Fast Trader and hello everybody, WS

I have heard figures of 0.4% mentioned but this is one of those rumours.

Either way, if it is good this may already be factored in given the recent surge in GBP strength.

I will be watching what happens as a positive figure could still cause a sell off as price has gone up so much all ready.

Often is the case the real uplift is prior to announcement.

Time will tell.

0.4% it is (negative)

Why dd i not short cable from the top? I have been scalp shorting it all morning for 30+ pips!

Should have place the stops either side i started to place but cancelled! Would have been 100 pips in 2 mins!

 

[Mr. G]

MR.G why nov contract, why not on cash? it replicates future price anyway?

I don't like being rolled out on a daily basis. Whilst the spreads are wider, the time you take slippage into account on the roll it is pretty much a wash. Bear in mind I tend to run these for a few days, stops permitting.

 

[Da.DesiTrader]

Left a limit buy order open last night (the Nov contract) to buy at 1 point above yesterday's high on the FTSE which was filled so am now long from 5196 with a 25 point trailing stop.

That's 5256 on cash right? whats ur s/l?

 

[Mr. G]

That's 5256 on cash right? whats ur s/l?

I show it as 5258 but close enough. Stop is 25 point trailing which may prove to be too tight. It's currently sitting at 5209.

 

[Da.DesiTrader]

Looking to short at 5270

 

[wallstreet1928]

I have updated benzinga with support/resistance levels to watch folks

wallstreet1928 | Benzinga.com

 

[Manya1983]

EUR/USD still holding strong even though their latest confidence figures came out under expectations. Although anythings better than a -ve return!

So how far will the £ fall?

 

[Chelski]

Long $JPY 9167.

 

[dr.blix]

looking to short E$ @ 061 or 071

 

[Chelski]

4H has Cable support around 16350 level.

 

[SuddenDeath]

good morning everyone,

 

[fast trader7]

Microsoft result at 12:30 ( not very sure about the time)

 

[Mr. G]

I show it as 5258 but close enough. Stop is 25 point trailing which may prove to be too tight. It's currently sitting at 5209.

Stop now at 5224

 

[wallstreet1928]

I am still bearish on this market ...............

I have a hedge strategy in place

I am long ftse 5270 ...... no stop loss ...ftse bull flag pattern very strong

i am short Dax 5818 ...no stop loss ....bear flag pattern very weak

i will update you all later with th results

 

[Chelski]

I am still bearish on this market ...............

I have a hedge strategy in place

I am long ftse 5270 ...... no stop loss ...ftse bull flag pattern very strong

i am short Dax 5818 ...no stop loss ....bear flag pattern very weak

i will update you all later with th results

WS, you still in $JPY? some nice chances to buy in on those dips. Was long 9167, averaged in on the way down and long 9157 now.

 

[Manya1983]

Would like to see the $Y break 9200. This should give further strength to CAD/JPY to head towards 8800.