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

[hughar]

Short FTSE 4485 Stop 4505 tgt: 12pts

Reason: As US opens, market usually drops a bit, plus 4480 should hold for the day and 4500 definitely should. Will open long on FTSE when it hits 4460.

 

[pentlow1]

I wonder how many traders are waiting to short the FTSE when it gets to 4500?

 

[lapalabra]

I am very grateful for any suggestions. I will have a look.

We are at that trendline now, so decide how you will manage a trade either side. Above we see 4500, I think. The bias is up.

 

[lapalabra]

I wonder how many traders are waiting to short the FTSE when it gets to 4500?

About as many who were ready to buy @ 4100?

Which is why I think when we reach it (today or whenever) price will react decisively.

4100 was amazing, touched it and away away away for 6 days.

 

[Splitlink]

I had two attempts to short the Footsie this morning. Didn't make much but, if you get in high enough, you can get a few points, or breakeven. Frankly, I was glad that my job requirements made me pack in when I did !

It's true that you have to trade what you see. My averages were pretty flat but they were going up---not down.

 

[lapalabra]

Long FTSE 4485. Will exit @ 4500

 

[masnachu]

5m , your going to want to see the 13.20 bar close hold 88.3

EDIT :: with ref to the BO-retest thing I was talking about

 

[fraggermcg]

I assume that at 4500 there will be a bit of overshoot, particularly on the sb platforms, then a pull back, then a retest of the level again. After that's happened I'll be looking to enter. Am conscious though that as we get closer to the US open the FTSE levels cease to have as much significance however.

 

[ian23]

short at 4496

 

[lapalabra]

Long FTSE 4485. Will exit @ 4500

Exit for +8, I want to be ready for 4500 if we make it and not rush the close trade / open trade clicking malarkey with IG (wish there was a reverse direction trade feature)

 

[Manya1983]

4520 is the key resistance in my book.

 

[ian23]

stop @ 4508 first target 4484 second is a trailing stop

 

[lapalabra]

I assume that at 4500 there will be a bit of overshoot, particularly on the sb platforms, then a pull back, then a retest of the level again. After that's happened I'll be looking to enter. Am conscious though that as we get closer to the US open the FTSE levels cease to have as much significance however.

I have no idea what will happen, but we are above 4493 - highest close of the four daily candles in May June, but the shadows are on the other side of R2.

We'll hit 4500, will be interesting.

 

[dr.blix]

Long FTSE 4485. Will exit @ 4500

lol, i was thinking about that little :shuriken: trade too.

 

[lapalabra]

4520 is the key resistance in my book.

Yes me too - thats the top of the shadows - June monthly high 4520, '23 back in May. But I do not mess with the round number monster

 

[dr.blix]

i have 516 as an old level and also as one of my 14th july up channels ceilings

 

[fraggermcg]

Agree on 4520. Just far enough past 4500 to catch out everyone shorting from that level?

 

[Manya1983]

Shorted CAD/JPY once again. I'm going to get this trade if its the last thing I do! Enter @ 8577. SL 60 pips.

Short FTSE @ 4500. SL @ 25 pips.

 

[pentlow1]

There is quite an interesting section on the PaddyPower home page showing what open positions people have ( i presume on their trading platform) in various markets. They are currently showing 82% are short the FTSE. 84% short the DAX but only 34% short the DOW. Make of that what you will.

 

[Geofract]

Shorted CAD/JPY once again. I'm going to get this trade if its the last thing I do! Enter @ 8577. SL 60 pips.

Short FTSE @ 4500. SL @ 25 pips.

I just don't understand that trade on CAD/JPY? the H4 trend is up. the trend is up on all TF's - what did I miss, or are you just crazy?