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

[dr.blix]

looks like i'm not going to get my 4490 short, but i still might have a 4477.

one more geometric line added, it's having a hard time respecting this one...

 

[wallstreet1928]

one powerful move on Nasdaq yesterday

taken out down trend theory for now

 

[wallstreet1928]

looks like i'm not going to get my 4490 short, but i still might have a 4477.

one more geometric line added, it's having a hard time respecting this one...

Well done Dr Blix, keep up the good work

 

[wallstreet1928]

Do we interpret this as a failed retest

waiting for housing data for confirmation

Dollar seems to be fighting back

 

[wallstreet1928]

I'm shorting Eur/usd and shorting oil chaps

failed retest of 1.3650

and oil $60.50 july contract

 

[dr.blix]

db can ask why 21 and 125 settings on ma..?

i've tried a few variations that i've heard other people using 14, 20, 50, 100, 200...and in back testing i just feel more comfortable with 21 and 125.

i think you need to find the right combination for the TF you're in, and let backtesting tell you what seems to fit best.

 

[Geofract]

I was waiting for 4490, should have taken 4485 - would have been an easy 20p - too cautious by far..

and down she goes!!!

 

[wallstreet1928]

I'm shorting Eur/usd and shorting oil chaps

failed retest of 1.3650

and oil $60.50 july contract

kaching, kaching ..................nice profit post data!!

 

[carlos b]

oh my god.. what is this all about? i'm short at 4470

 

[wallstreet1928]

housing stats...............
MarketWatch.com Story

InTheMoneyStocks - Economic and Earning Alerts


but are they already factored in after yesterday rally???

hmmmmm.....lookslike it is already factored in ......

 

[wallstreet1928]

gap fill 4440 could be a good buy for me !!

but need to urge caution

 

[dr.blix]

i swear to god, i was typing and watching my chart, waiting for it to go upto my trend line at 4479...was miles away, so kept typing.

then my igindex chart suddenly updated showing it had hit it and retraced!!! i feel like victor meldrew but..I DON'T BELIEVE IT!!

i could kick myself.

ahh, well, my own fault for taking my eye off the ball.

 

[wallstreet1928]

oh my god.. what is this all about? i'm short at 4470

remember the formula my friend

strong $ = market down

weak $ = market up

hiusing stats at record low strengthens the $

 

[carlos b]

ws am i right in thinking that the weak/strong $ will only affect the s&p and dow in hours and the ftse will follow?

these breakout retrracements behaving today..

 

[dr.blix]

could it not effect the ftse sentiment now through dow futures?

 

[carlos b]

not 100% sure db..

the US are the govenors when open so i magine so.. maybe ws could clarify

 

[dr.blix]

i realise this is going against the trend, but i'm thinking of a long @ 4456 (if it comes down there).

 

[bennie83]

looking for a good entry point for a short, was thinking around 4465. Anyone else thinking along the same lines?

 

[wallstreet1928]

ws am i right in thinking that the weak/strong $ will only affect the s&p and dow in hours and the ftse will follow?

these breakout retrracements behaving today..

yes my friend, in hours and out of hours ............

US is the dog of the stockmarket ..........Europe is the tail

keep watching

US dolar and oil .........


FTSE heavily reliant on oil price

 

[dr.blix]

looking for a good entry point for a short, was thinking around 4465. Anyone else thinking along the same lines?

i've got an MA and a down T line @ 4470, if they hold i'll be shorting it.