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

[mroalan]

tom,could yougive us that on the rolling please.

 

[TomTom]

5250-5248 long mroalan

 

[mroalan]

cheers Tom.

 

[Manya1983]

Look out for the DBHLC on the CAD/JPY. Need a break down of 8700 as confirmation. Been in a very tight trading range with the 50MA currently acting as support so hoping to see a nice clean break out.

 

[Manya1983]

/\ The DBHLC is on a 4 hourly chart BTW and has been confirmed with the 12pm close below the first bar.

 

[TomTom]

cheers Tom.

I are just posting my trades here, If you are following me stops 10pts away or if USA futures breach the lows first.

Only in this for a few points, I wouls hate for others to follow what i post here and come un stuck

This is a good risk reward trade as we could get a good start in USA and see a fruitfull position.

Unfortunatly I can not do this as going out laters .....

 

[mroalan]

**** happens Tom.

 

[dr.blix]

Morning all,

Any opinions on E$? What was a rising wedge, now looks like an ascending triangle - I fancy the long side to 1.5090 ish area, and maybe higher.

hey geo,

i've been watching E$. i still see 970 as more likely than 090. i could see it going up and spitting out 060 before a drop though...but then, i'm always wrong.

i've been nursing a E$ short from 031 (because i didn't have the patience to wait until 060 :whistling)

 

[dr.blix]

here's my chart.

been respecting the trend lines fairly well.

the small lines are a short term appraisal.

looks a bit messy, as the main trend lines only make sense when panned out.

EDIT: in fact it looks like a right bloody mess!

 

[dr.blix]

bearish osc div on the E$ H1 (i hope)

 

[SuddenDeath]

anyone here use prospreads, ? got an email from them, direct access futures

 

[Geofract]

hey geo,

i've been watching E$. i still see 970 as more likely than 090. i could see it going up and spitting out 060 before a drop though...but then, i'm always wrong.

i've been nursing a E$ short from 031 (because i didn't have the patience to wait until 060 :whistling)

Hey Dr.B - thanks for the comments.

This is how I see it, for what it's worth... On the H4 chart I see the rising wedge, which now looks like an ascending triangle. Also, lots of buying during the asian session. In theory I would be long now from 1.5022, but not sure I should take it... doubt is a killer! lol

Why do you think 970 is more likely?

Good luck with the short Squire. Nice artwork btw I can't short, as it's goes against the strategy, but there is a 21 just passed on the daily I think?

 

[Geofract]

...looks a bit messy, as the main trend lines only make sense when panned out.

EDIT: in fact it looks like a right bloody mess!

Damn, are those candles I see there Dr.B?

 

[dr.blix]

this is how i have it geo.

essentially i see a basic battle right now between a short term down channel and a longer term up channel.

i suppose i'm using indicators to help tell me which one to favour...but, as i'd mentioned previously, i could have a 200 pip drop and STILL be in an up trend.

the dotted lines are my up-channel levels (the red being the very bottom of this up-channel).

the broken lines are for the recent mid-term down-channel.

bearish osc div just points to a drop, but, there's always data/news/oil to fire things back up again i suppose...but this is where my ignorance comes in.

EDIT: i should say 980 for support, not 970...

 

[kaisen]

Lol!

Just shorted oil for the first time form 80.92 to 80.82 and missed 30+pnts on DAX! LOL

 

[Da.DesiTrader]

FYI for those who might be interested in attending.

http://www.trade2win.com/boards/t2w...4-london-city-canarywharf-traders-social.html

 

[dr.blix]

Damn, are those candles I see there Dr.B?

they are indeed my little currency speculating 'tradigner' friend. :cheesy:

i use candles on one chart and bars on another...i still find it easier to spot reversals on bar charts.

 

[Geofract]

E$ bouncy off my 61.8 fib ( 1.5011 ) right now, lets see if it can follow through Dr.B - if not, then back down to 1.5 round number monster!

 

[dr.blix]

bugger, support is holding...maybe you'll get the 090 geo!

that would be the top of my orange line (which is not the very top of my up channel, but a very key channel line)

i still see 060 as an important level, that's where my stop is.

 

[Geofract]

bugger, support is holding...maybe you'll get the 090 geo!

that would be the top of my orange line (which is not the top of my up channel, but a very key channel line)

Well lets see.. it's a bit of a battle right now.

Btw, have you tried trading $JPY Dr. B, apparently it is the most technical FX pair. E$ is not the easiest trade, imho.

Hello to Kaisen btw!