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

[Dentalfloss]

is this the correct trendline..??
monthly chart again

 

[Trader1UK]

Do you guys trade real exchange markets (Stocks/Futures/ETF's) Or are you using spreadbetting platforms/CFDS (cash markets) ?

99% are spreadbetting n CFDs.

 

[Trader1UK]

is this the correct trendline..??
monthly chart again

That looks like a much better trendline...

 

[GladiatorX]

99% are spreadbetting n CFDs.

Do you know of anywhere this sort of discussion goes on but where the participants are active in exchange markets. Mainly futures 🙂
This thread has some great information; I just think they are almost different topics, although the same markets 🙂 (Because for example talking about ES contract spreads would be irrelevent)

Trade2win seems like a very spreadbetty forum - You know of any that has indepth discussion on futures, options, ETFs, stocks 🙂 ?

 

[Dentalfloss]

si 55..thanks.i never know which one is right
fromwhat i can see on the monthly chart.the dollar is not going to get trashed,uneless that strong res area is broken

 

[Trader1UK]

Do you know of anywhere this sort of discussion goes on but where the participants are active in exchange markets. Mainly futures 🙂
This thread has some great information; I just think they are almost different topics, although the same markets 🙂 (Because for example talking about ES contract spreads would be irrelevent)

Trade2win seems like a very spreadbetty forum - You know of any that has indepth discussion on futures, options, ETFs, stocks 🙂 ?

Not at the top of my head, but if i find out i shall let you know. Searching google might help.

 

[Trader1UK]

si 55..thanks.i never know which one is right
fromwhat i can see on the monthly chart.the dollar is not going to get trashed,uneless that strong res area is broken

yes i shall be looking out for that too, ill be doing my analysis maybe later or tmrw to see what im looking for.

 

[wallstreet1928]

Bull flag on FTSE?

very well spotted ....

I hope everyone got in long post Alcoa results

 

[lapalabra]

si 55..thanks.i never know which one is right
fromwhat i can see on the monthly chart.the dollar is not going to get trashed,uneless that strong res area is broken

Was just writing a reply, good thing I dumped it to finish reading the thread and Si's response - that's the right monthly TL, and the one I've been watching.

What makes it more interesting is another trendline from the lows made this year - the lows on the candles beneath the trendline on Dentist's chart. The dailies illustrate this perfectly.

The first test of the 50% retracement from the massive '08 fall on this pair saw another violent fall, and then took 4 months to put a weekly bar over the 50% retrace.

We have not spent a week above the 61.8% retrace @ 14630 - you can see on the 4H how much price has been gravitating to this.

Those two trendlines show a narrowing wedge now with a mere 200+ pips in it - it is getting tight, very tight, I think.

 

[SabreTT]

stocktwits.com
fool.com

 

[Dentalfloss]

Was just writing a reply, good thing I dumped it to finish reading the thread and Si's response - that's the right monthly TL, and the one I've been watching.

What makes it more interesting is another trendline from the lows made this year - the lows on the candles beneath the trendline on Dentist's chart. The dailies illustrate this perfectly.

The first test of the 50% retracement from the massive '08 fall on this pair saw another violent fall, and then took 4 months to put a weekly bar over the 50% retrace.

We have not spent a week above the 61.8% retrace @ 14630 - you can see on the 4H how much price has been gravitating to this.

Those two trendlines show a narrowing wedge now with a mere 200+ pips in it - it is getting tight, very tight, I think.

lapa...post the chart please.we all need to see it
thanks

 

[Dentalfloss]

help needed
what is the correlation
dollar NOT trashed...stocks down ??
thanks

 

[wallstreet1928]

help needed
what is the correlation
dollar NOT trashed...stocks down ??
thanks

Good morning

According to Kathy at FX360 there is a 90% positive corrrelation with EUR/USD and SP500

EUR/USD up = SP500 up = World indices

EURO recovered 1.475 ............now look at how all the markets are trading higher and have gapped up up overnight

the gap up is justified as oil up over night and Euro up


All out bullishness today...............

I am not even entertaining ashort ............we may well see 5200 taken out today

 

[Dentalfloss]

thanks ws
so eurusd up=s500 up
BUT...eurusd in a mjor res area now on the monthly
1.4750 was a prev res.a couple of days ago

 

[wallstreet1928]

thanks ws
so eurusd up=s500 up
BUT...eurusd in a mjor res area now on the monthly

yes indeed ............trade with that on the back of your mind


if euro breaks 1.4750 ....then market breaks on the upside too

market rally above 5200 will coincide with euro above or at 1.482

 

[Chelski]

Finally we get the £$ break out, after winding it self sideways all day yesterday.
Here is a 1h chart that shows some nice trades.
There is a fakeout which is shown nicely with Divergence on MACD, secondly we bounce around before getting another signal with divergence to take the long trade.
Hope this helps.

 

[Dentalfloss]

which one takes the lead
eurusd or s500.??

 

[wallstreet1928]

which one takes the lead
eurusd or s500.??

currency is the king and the Sp500 is the queen

i will let you work the rest out

 

[Dentalfloss]

thnks ws.

 

[wallstreet1928]

i could have shorted in the morning as inisde bar....................But im soooo scared

this market is so strong


DOW 10, 000 ..............real possibility

sitting on the sidelines and just wait and see when the buy programme comes in then I will ride the 100 point wave