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

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unbelievable.. 2 pips way from tp for 1 1/2 hours..then another hour of shyte conslidation whilst the market makers snort some charlie at lunch, then come back ~& turn it aournd and stop me out some 33 pips the other way..laughable at times.
HAHAHA,, yea they do more snorting than trading..
 
Next support level?

Albeit "out of hours" the 4332 support level has just been taken out.

What is the consensus of opinion on the next support level?:cry:
 
What do you think ws?

Not quite what i was expecting this afternoon! Especially with the ITMS commentary.:confused:

Do you think 900 SPX will hold and if so a possible long? with SL

Afternoon all ..........

yes certainly not what I was expecting ...........

I expected a drop but only to 4300 as miners would offset weakness in oil stocks.......possibly 4280 due to stop losses being triggered!!

Miners succumbed to profit taking.......and oil fell much more than expected especially with Iranian crisis and Nigerian oil attacks!!

World bank report really did spook the markets .........

looking at possible support around 898- 897 .............just waiting for confirmation before going long?

its been trading sideways for some time ............

I just want Nasdaq to stop free falling .............it has support at 1425!!
 
Banks getting battered ..............

look at JP morgan and goldman sachs

when they show signs of reversal then I will go long
 
my thoughts are dont try to bottom pick just let it bubble down, wait for a confirmation if you want to buy. the sensible thing to do is sit it out and wait for an opportunity to sell

Support (small longs)

4220
4200
4180/4170
4130
4085

Resistance (weighted sells)

4275
4250
4236

DO NOT TRY TO BOTTOM PICK! you have been warned.
 
my thoughts are dont try to bottom pick just let it bubble down, wait for a confirmation if you want to buy. the sensible thing to do is sit it out and wait for an opportunity to sell

Support (small longs)

4220
4200
4180/4170
4130
4085

Resistance (weighted sells)

4275
4250
4236

DO NOT TRY TO BOTTOM PICK! you have been warned.


Cheers Fran, just the advice i need - i have just pm´d you by the way.

And how were the croissants?
 
Afternoon all ..........

yes certainly not what I was expecting ...........

I expected a drop but only to 4300 as miners would offset weakness in oil stocks.......possibly 4280 due to stop losses being triggered!!

Miners succumbed to profit taking.......and oil fell much more than expected especially with Iranian crisis and Nigerian oil attacks!!

World bank report really did spook the markets .........

looking at possible support around 898- 897 .............just waiting for confirmation before going long?


its been trading sideways for some time ............

I just want Nasdaq to stop free falling .............it has support at 1425!!



Cheers ws, it helps given we both look at the same info - mega cheesed off today hasnt gone to plan, was 46pnts up but did not see the sell off coming! Needless to say not 46 pnts up now! Could have been worse - could have been better if i sat out this afternoon!

Keep posting as i will continue to watch and do find it very helpful!!

How was the weekends cricket sir?
 
Banks getting battered ..............

look at JP morgan and goldman sachs

when they show signs of reversal then I will go long

bias still on downside for both stocks ......

if trend line broken then it can trigger a possible long on S&P

Sit and wait
 

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UUP has resistance at 24.1 region

waiting for it to drop also before going long

waiting for Euro to 1.385 level also

Sujith is shorting so I'm a bit scared to open up any longs on indices yet
 
Cheers ws, it helps given we both look at the same info - mega cheesed off today hasnt gone to plan, was 46pnts up but did not see the sell off coming! Needless to say not 46 pnts up now! Could have been worse - could have been better if i sat out this afternoon!

Keep posting as i will continue to watch and do find it very helpful!!

How was the weekends cricket sir?

thank you my friend

Saturday was rained off Vs Bramhall and we lost in the cup match on Sunday Vs Timperley.......

I was more interested in 20/20 final to be honest!!
 
break outs on Exxon and Goldman...........

contemplating long S&P now .........stop loss 891

gap fill 896 - 894 holding well
 
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break outs on Exxon and Goldman...........

contemplating long S&P now .........stop loss 891

gap fill 896 - 894 holding well

the reversal has begun and position already in profit and amended to break even

now lets see if this has any legs

Nasdaq 1425 .............support held!!
 
I will leave this chart of Nasdaq for all to see if interested where I got 1425
 

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support or pivot is 3450 on the q's Im told

Im not convinced this is a new trend downwards but we are all newbies if this is a secular bear market because its been a bull since the 80's and I wasnt trading then for sure



Just a quick flashback but without checking back I can remember 900 being a point of indecision in the past.
Right now as we dip below 900 I see us being trapped below the ice, its going to take something extra from here(n)
 
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