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

[wallstreet1928]

I have also shorted the EURO/USD as looking very top heavy.........potential mini H/S formation on 15 min , 1 week chart

1.3773...stop loss 1.3803

target ............what ever profit i have made up when i wake up in the morning

haha ...........good night!!

Good morning chaps ...........stop loss was hit on this trade, I should have amended to break even when it was in profit but I was too tired last night

still finding my feet in currencies

The dollar really is getting battered

 

[wallstreet1928]

S&P is looking very weak to me

failed retest of 930 ...............next level 884

I have opened up a short 901.2 ...stop loss 904.2

target 892 initially and then 884

US dollar has been severely battered and may well be due a pull back so i will need to keep an eye on that........

a pullback on US dollar or a stall in the US dollar will be enough for me to reach my 1st target of 892

I have taken 15 points profit on this trade as it seems to be flirting with 900 level

I will re-enter after the reaction in the UK market

 

[wallstreet1928]

What about usd as a function of vix, any correlation? Is there a symbol for usd index I could use

correlation between VIX and USD............interesting question!!

yes I suppose you could say that in the current environment, try and map the VIX on the USD and see if you get an inverse relationship?

 

[carlos b]

good stuff ws.. goood luck bud


Pivot Points - Free Daily Pivot Points and Camarilla Levels

this is brilliant for ALL pivot calcs for all main indicies...... except im not sure when it updates and not sur i can use it due to the dif between real price data and the SB chart price..

any ideas anyone?


edit: short 4396
edit scratched.. + - 0

ah well - looked like a pin forming on the lower bolli on 5min.

not sure whether to laugh or cry there - bears dishing it out!

 

[wallstreet1928]

GBP /USD...........

nice wedge forming

so which way was will this go?

 

[wallstreet1928]

retail sector weak

banking sector weak

oil/gas sector weak - keep an eye on eur and gbp currencies for direction!!

mining sector surprisingly strong- not joining in on the sell off, if it does then we go down very quickly

 

[SuddenDeath]

is this the beginning of "sell in May"

 

[wallstreet1928]

gap fill support at 4890 and support at 4880 ............I will need to see this get taken out in order to go short again

 

[wallstreet1928]

GBP /USD...........

nice wedge forming

so which way was will this go?

wedge failed on down side = dollar getting strong against GBP = market goes down

the correlation between currencies and the markets is phenomenal ..........

 

[wallstreet1928]

weak support on FTSE...................i shall wait and see this get taken out

 

[carlos b]

great stuff ws thanks.. trying to take this in

 

[wallstreet1928]

EUR/USD

waiting for 1.376 to get taken out before going short

 

[wallstreet1928]

next possible levels on FTSE

4361
4347
4329
4311 worst case scenario

 

[wallstreet1928]

next possible levels on FTSE

4361
4347
4329
4311 worst case scenario

first 2 targets met ............lets take some chips off the table!!

 

[wallstreet1928]

wedge failed on down side = dollar getting strong against GBP = market goes down

the correlation between currencies and the markets is phenomenal ..........

phwoaaaah................what a move!!

hit my target for the day

a 100 point move in a matter of minutes!!

S&P 892 here we come

 

[carlos b]

phwoaaaah................what a move!!

hit my target for the day

a 100 point move in a matter of minutes!!

S&P 892 here we come

nice ws!! great trading mate.. am finding it hard to keep up at the mo tbh but good to see you in action..

the charts are a bit overhwlming at the min but i'll get there...plus i'm worried about this cash price difference from the real ticker price of a broker feed becasue it puts me out of whack when i try to analyze the charts you guys kindly post.

 

[bennie83]

I had a late start this morning and I knew I'd regret it. I feel it may be too late to jump on board the down move on the FTSE

 

[fast trader7]

phwoaaaah................what a move!!

hit my target for the day

a 100 point move in a matter of minutes!!

S&P 892 here we come

Oh WallStreet,
Dont know what to say. But it was just perfect. Did you do that trade? over 200 points!
to be honest, i donot know what is wedge forming. So i am off learn that.

Have a good day

 

[carlos b]

hey bennie.. how's trix?

what feed are you using bud?
maybe you can tell me what you make the camarilla pivots today please so i can compare... what feed are you using?

edit: short 4359
stopped out @ 4469 -10

 

[bennie83]

hey bennie.. how's trix?

what feed are you using bud?
maybe you can tell me what you make the camarilla pivots today please so i can compare... what feed are you using?

edit: short 4359

Hey Carlos, I'm actually using a data feed provided by my futures broker, not a spread betting company. So I'm looking at pivots on FTSE future rather than FTSE cash.

Camarilla Daily Pivots

H4 4453 Long breakout
H3 4425 SHORT
H2 4416
H1 4406

L1 4388
L2 4378
L3 4369 LONG
L4 4341 Short breakout

Hope that makes sense!