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

[bennie83]

Key support on Dax future 4598

 

[wallstreet1928]

i am short 4045 , small stop loss 4065

triple witching going on as well ............sounds scary ..haha!!

we seem to be witnessing a break out

pivot of 4025 is my target

will amend stop loss to break even at 50 MA as may bounce from there

 

[bennie83]

Long on Dax at 4615

 

[bennie83]

(Dax future)

 

[dawntrader1]

i am short 4045 , small stop loss 4065

triple witching going on as well ............sounds scary ..haha!!

we seem to be witnessing a break out

pivot of 4025 is my target

will amend stop loss to break even at 50 MA as may bounce from there

have gone the opposite

 

[bennie83]

FTSE (cash) key support at 4040. If this holds a move to the upside is quite possible.

Dax future trade currently + 14 points.

 

[wallstreet1928]

i am short 4045 , small stop loss 4065

triple witching going on as well ............sounds scary ..haha!!

we seem to be witnessing a break out

pivot of 4025 is my target

will amend stop loss to break even at 50 MA as may bounce from there

stop loss hit Arrr...............

i wanted to hedge my S&P long position, but that idea failed

Oh well still long S&P 859 ....stop loss 855 .....target 875 as per my analysis from last night!!

 

[wallstreet1928]

have gone the opposite

that's because you are a good trader

 

[bennie83]

Just witnessed a double bottom on Dax, Dow & FTSE futures, followed by sharp up move.

 

[dawntrader1]

that's because you are a good trader

not even a rookie mate....got soooo much to learn

 

[rezadamus]

i have bought the FTSE at 4072.3 ....25 point stop

 

[rezadamus]

i have bought the FTSE at 4072.3 ....25 point stop

closed it at 4081...not feeling very confident in holding profitable positions for too long, especially in these markets!

 

[bennie83]

Just sold Dax future at 4673. + 58 points

 

[rezadamus]

Just sold Dax future at 4673. + 58 points

good trade!

 

[bennie83]

all positions now flat. currently +58 for the day. Waiting for US Open now. US bank results just released, surprise surprise, strong results.

 

[rezadamus]

bought FTSE at 4088.0 stop at 4050.5-let see how it does...

 

[bennie83]

bought FTSE at 4088.0 stop at 4050.5-let see how it does...

Good luck! What sort of profit are looking for Rez?

 

[rezadamus]

bought FTSE at 4088.0 stop at 4050.5-let see how it does...

ive moved my stop up to break even (purely because i think there may be retracement from the rise at 10.10am (see 10 min chart)- so i think the level I bought at is a bit hight...my profit level is 25 points, but it depends on the momentum...currently 11.5 points profit...

 

[rezadamus]

Question- does anyone here use the Parab SAR- if so, pls let me know if you have an optimum setting for it?
Thanks

 

[bennie83]

Rez, I've never used Parab SAR, but the defaults seems to be Acceleration factor 0.02 and Acceleration factor max is 0.16. Not sure if these means anything to you?