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

[SuddenDeath]

good morning everyone ,

10yr note yield is lower so bearish for ftse100

 

[Mr. G]

Felicitous salutations to you all this fine and sunny morn.....well, it is here in old London town at least 😆

Thanks kaissen for your responses last night; very informative. Also, thanks to WS for his inter-market analyses which are always helpful.

I'm still short the FTSE as I have been for the last 10 days - it's currently further underwater than the Titanic but blind faith tells me it will come back....😢

Still, it's only money....

When the market breaks down, and I think it will, I think it's going to fall hard and fast.

 

[Manya1983]

Be weary of any pre-empted moves on GBP today in relation to BoE party up tommorow. If QE gets extended further and this stock rally fizzles out we could see a move lower.

🙂

 

[kaisen]

closed FTSE @ 4665 .......... fibonaccia pull back level

28 points profit

nice start to the day

Well done ws.

I was shattered last night and couldnt think straight and the US buy program and lack of downwards movement after the close spooked me as I thought asia my jump forward because of it.

Hey ho more learning!🙂

Confidence takes time but i feel i am making progress.

 

[wallstreet1928]

potential bear flag forming on DAX .............

confrmation if dax below 5400........

next target would be 5375

 

[lapalabra]

Be weary of any pre-empted moves on GBP today in relation to BoE party up tommorow. If QE gets extended further and this stock rally fizzles out we could see a move lower.

🙂

Manya - my grasp of fundamentals is a bit poor: I thought QE extension means further cash, ie. inflationary, therefore lower value of GBP, therefore positive impact on ftse? What have i got wrong here?

 

[Manya1983]

Sorry Lapa, I meant if the Indices move lower (based on poor earnings data rather than currency movements) and QE gets extended then the £ will head lower. Although agreed that QE should have a positive impact on the FTSE, although this is assuming there is no other major economic news on this day.

As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.

🙂

 

[lapalabra]

Sorry Lapa, I meant if the Indices move lower (based on poor earnings data rather than currency movements) and QE gets extended then the £ will head lower. Although agreed that QE should have a positive impact on the FTSE, although this is assuming there is no other major economic news on this day.

As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.

🙂

I will have some swiss cheese for lunch to celebrate gbpchf's generosity this am.

A range breakout perfectly executed, assisted by a break out sure, but hey, you've got to get yourself in a position to make the most of what's on offer right?

 

[lapalabra]

Sorry Lapa, I meant if the Indices move lower (based on poor earnings data rather than currency movements) and QE gets extended then the £ will head lower. Although agreed that QE should have a positive impact on the FTSE, although this is assuming there is no other major economic news on this day.

As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.

🙂

Looking good

 

[lapalabra]

I am just going through Steve Nisons chart handout (found on the internet) and basically, FTSE100 today on dailies looks like a hanging man (opposite of a hammer) followed by a very strong rally. This is sign of a potential top reversal. This is very bearish coupled with VIX on the upside from 27th July. Any bad news could really *spook* the markets - imho.

Would be interesting to see what others think.

Nice spot there, londlad.

Hanging Man

Sell off at open, rally to open price at close - fits yesterdays action.

 

[london_lad]

Just looked at the dailies for the Nas, S&p, and FTSE, and they are all more or less at key fib numbers in relation to the massive swings from the end of the bull/start of bear - e.g. I'm looking back to the S&P in oct 2007.

Also, as London Lad says, potential hanging man line on the FTSE daily - confirmation is a close below the real body of the daily candle I think? LL?

IMHO I think we might see a bit of downside on indices, before going higher again... but, who knows 🙂

Did anyone take that A$Y trade I posted earlier? That worked out very nicely 🙂

edit: I am looking to see if eur/usd finds support at 1.4300 level (should it get there) - E$ has made a new high on the dailies, and the last few days are very bullish I think (save for today) 🙂

Agreed, which means I am looking for 15 min confirmation above or below 4675 for a signal to go bull or bear. Given the circumstances and potential UK GDP forecast tonight around 2300 GMT and also BoE's rate decision, I believe that there will be either a pullback or hung in the rut until those two key economic indicators are out of the way.

 

[Splitlink]

October and January have important tops on the dailies so you could well be right, londlad. I'm, currently, long on Footsie and SP500 because my cup is half full--not half empty! The market is full of surprises. 👎 👍

 

[Manya1983]

Will FTSE breach 4700 with the US traders not there to hold our hand and take the lead? Or will it obediently meet resistance and head lower?

🙂

 

[london_lad]

Manya: I am not taking any positions today. I am going to wait for confirmation on dailies. If today we close below yesterday's close, then I will go short. If we close above, then this rally has some more legs.

 

[Chelski]

Possible Regular Bearish Divergence on MACD on 10M, 4680 ish seems to be a level to get past.

 

[Manya1983]

As it happens I set a pre-set order to short GBP/USD at 17000 which has just been triggered. 20 SL.
🙂

Moved to B/E.

🙂

 

[kaisen]

Possible Regular Bearish Divergence on MACD on 10M, 4680 ish seems to be a level to get past.

Got to say Chelski, i love your avitar!

We have previously owned a weinmaraner and currently walk the old lady´s across from us.

Beautiful dogs with great family temperament.

Tangent over:whistling

 

[Splitlink]

Have you read this short thread? Some of the posts are long, though.

http://www.trade2win.com/boards/price-volume/69970-what-trend.html

Well worth a read, when you have a minute.

 

[Manya1983]

Moved to B/E.

🙂

Stopped out. Trying the same short GBP/USD play again.

🙂

 

[Chelski]

Got to say Chelski, i love your avitar!

We have previously owned a weinmaraner and currently walk the old lady´s across from us.

Beautiful dogs with great family temperament.

Tangent over:whistling

Thanks, She's called Zola. Just turned six and mad as a bucket of frogs! I would only ever have them now.