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

[SuddenDeath]

doesn't appear to be any important market moving economic news being released today

 

[lapalabra]

went short @ 4375 and took + 5 ninja pts

bit stupid really, but now i'm + 24 pts and am happy that my daily target is properly hit (don't shout at me lapa 🙂)

looks like we're starting to have a slow down on the rate of fall now and theres bullish osc div but only on the 5 TF.

I've got a trendline drawn from the bottom the close of daily bars from May 13, making slighly higher lows after the triple tops. We're resting there now.

 

[lapalabra]

doesn't appear to be any important market moving economic news being released today

Yeah. neither today or tomorrow.

Long @ 4372 - that bottom trendline looks strong with no 10M bars closing over S2

 

[dr.blix]

potential long back upto 4400 (and 21MA)?

EDIT: aah, you're already in there lapa!

 

[wallstreet1928]

i am long ftse

4378... stop loss 4358

target 4400

 

[lapalabra]

potential long back upto 4400 (and 21MA)?

EDIT: aah, you're already in there lapa!

4366 tested twice, next shadow @ 09.15 didn't reach S2, no 10M bars closing beneath 4375 - and I'm really liking that bottom trendline. Think I got a good entry - only took 6 points off that fall earlier so would like something from this.

EDIT: Ammended to b/e

 

[wallstreet1928]

i am long ftse

4378... stop loss 4358

target 4400

I have closed for 10 points profit.........

I am not happy with set up

 

[lapalabra]

Yeah. neither today or tomorrow.

Long @ 4372 - that bottom trendline looks strong with no 10M bars closing over S2

Out @ 4384 for +12

 

[dr.blix]

4366 tested twice, next shadow @ 09.15 didn't reach S2, no 10M bars closing beneath 4375 - and I'm really liking that bottom trendline. Think I got a good entry - only took 6 points off that fall earlier so would like something from this.

good call lapa, was very hard for me not to open a position too.

what S&R are u using? cams?

looks like it's moving sideways from it's little up trend now...

 

[lapalabra]

I have closed for 10 points profit.........

I am not happy with set up

WS, could I ask what about this set up you didn't like?

The last two ascending candles 09.30/09.40 on the 10M are a sign of weakness for me.

 

[lapalabra]

good call lapa, was very hard for me not to open a position too.

what S&R are u using? cams?

looks like it's moving sideways from it's little up trend now...

The long shadows on the two ascending candles and short bodies on 09.30/09.40 were a sign for me to get out.

No, I don't use camarilla pivots. Floor pivots yes.

 

[dr.blix]

No, I don't use camarilla pivots. Floor pivots yes.

interesting, you like to calculate your daily pivots from real time info?

if that's what you mean, i like to do that too, using historical data seems to be 50/50 i've found.

 

[lapalabra]

interesting, you like to calculate your daily pivots from real time info?

if that's what you mean, i like to do that too, using historical data seems to be 50/50 i've found.

No, not real time, not at all. Just normal pivots to give an idea of ranges and areas, not necessarily to always trade from - they have to be part of other factors.

Where the days open is far from the previous days close I know camarilla pivots can be accurate, I just don't use them.

 

[wallstreet1928]

WS, could I ask what about this set up you didn't like?

The last two ascending candles 09.30/09.40 on the 10M are a sign of weakness for me.

I am concerned about S&P 933 level ..............if violated then 923 next level!!

and that will bring everything down with it ...........

DAX below 5000 and it was looking weak @ the time ............

and a few other stocks looked vulnerable........!!

better to be safe than sorry...........lock your profits and scamper and focus on another trade!!

 

[lapalabra]

I am concerned about S&P 933 level ..............if violated then 923 next level!!

and that will bring everything down with it ...........

DAX below 5000 and it was looking weak @ the time ............

and a few other stocks looked vulnerable........!!

better to be safe than sorry...........lock your profits and scamper and focus on another trade!!

I thought you might say that 🙂
Still trying to get a wider view re: correlating indices, constituents.
Thanks, very useful, will have a look back and see what you saw.

 

[carlos b]

ws mining sector looks like its getting hammered? -4.71% ?

 

[wallstreet1928]

watching trend line with immense interest .....

if breached along with S&P 933 level and DAX failing to stay above 5000 ...............

then FTSE will reach 4300 level easily

 

[wallstreet1928]

I thought you might say that 🙂
Still trying to get a wider view re: correlating indices, constituents.
Thanks, very useful, will have a look back and see what you saw.

AAl ............looked very vulnerable at the time!!

S2 and gap fill support was being tested ...........and it may well have broken through!!

 

[wallstreet1928]

EUR and GBP ..........getting battered and dollar recovering !!

It could be the theme for today

I am seriously contemplating a short ............

i have posted a chart of resistance line i am watching 4380 ..........must hold!!

otherwise down she goes ..........

 

[lapalabra]

watching trend line with immense interest .....

if breached along with S&P 933 level and DAX failing to stay above 5000 ...............

then FTSE will reach 4300 level easily

Had that trendline, was not correlating it with Dax/S&P levels

Fascinating.