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

[dr.blix]

poss rectangle on the 5TF

 

[wallstreet1928]

PBOC governor Zhou Xiaochuan told reporters in Basel on Sunday that China’s “foreign exchange reserve policy is always quite stable,” and noted that China’s reserve policy is aimed at “liquidity, safety and returns.” The news helped to boost the dollar at the start of trade this week, with EUR/USD falling through the 1.4000 level as traders breathed a sigh of relief regarding the greenback’s ongoing status as a reserve currency.
On Friday the buck came under pressure after China hinted at a need for new architecture in the foreign exchange market. The PBOC stated that, "To prevent the deficiencies in the main reserve currency, there’s a need to create a new currency that’s delinked from the economies of the issuers." However, today tacit reaffirmation of the dollar standard is a sign of Chinese acknowledgement that for the time being the greenback remains the primary manner for settling global trade accounts.
Furthermore, as we noted earlier, it is very much in China’s interest to maintain the value of the dollar, both from the balance sheet perceptive (because its holds nearly 2 trillion dollars of US debt), but also because the country runs a massive trade surplus with the US and any additional weakening of the dollar would dampen American demand for Chinese goods. The dollar remained well bid in the aftermath of those comments and could gather further momentum as the day progresses if EZ data retail PMI proves disappointing.

 

[dr.blix]

long @ 4263 target 4275

 

[sujithsstorock]

book ftse100 buy at 4207 at break even now.we shall re-trade it later

awww ftse buy we should have holded

 

[wallstreet1928]

PBOC governor Zhou Xiaochuan told reporters in Basel on Sunday that China’s “foreign exchange reserve policy is always quite stable,” and noted that China’s reserve policy is aimed at “liquidity, safety and returns.” The news helped to boost the dollar at the start of trade this week, with EUR/USD falling through the 1.4000 level as traders breathed a sigh of relief regarding the greenback’s ongoing status as a reserve currency.
On Friday the buck came under pressure after China hinted at a need for new architecture in the foreign exchange market. The PBOC stated that, "To prevent the deficiencies in the main reserve currency, there’s a need to create a new currency that’s delinked from the economies of the issuers." However, today tacit reaffirmation of the dollar standard is a sign of Chinese acknowledgement that for the time being the greenback remains the primary manner for settling global trade accounts.
Furthermore, as we noted earlier, it is very much in China’s interest to maintain the value of the dollar, both from the balance sheet perceptive (because its holds nearly 2 trillion dollars of US debt), but also because the country runs a massive trade surplus with the US and any additional weakening of the dollar would dampen American demand for Chinese goods. The dollar remained well bid in the aftermath of those comments and could gather further momentum as the day progresses if EZ data retail PMI proves disappointing.

That equates to a variable(strong) that provides dollar strength = markets down

 

[dr.blix]

and here's where i start to mess it up...

i closed my long when it looked like it might be going south and opened a short at the full extension of the drop. i didn't see that 4254 has a res level.

- 8 pts loss on the long i had open.

short 4256

 

[Geofract]

Short eur/gbp at 0.8492 sl @ 0.8520

may well have gone to early

 

[10pips]

Just missed my 10pips signal - Short from 4249.5

 

[dr.blix]

and here's where i start to mess it up...

i closed my long when it looked like it might be going south and opened a short at the full extension of the drop. i didn't see that 4254 has a res level.

- 8 pts loss on the long i had open.

short 4256

stop to BE

 

[wallstreet1928]

I am short as per analysis

stop loss 4275

I closed FTSE short for 8 points profit ............

still holding Nasdaq short

 

[dr.blix]

stop to BE

ffs i need to learn how to take profits.

i was up 14 pts on this position and i've let it go down to +5...

 

[Geofract]

Short eur/gbp at 0.8492 sl @ 0.8520

may well have gone to early

moved my stop to just above 0.8500

 

[wallstreet1928]

I am looking to go short again

you have to take your profits quickly because it is so volatile at present........

I am looking to go short again @ 4250.......stop loss 4275

miners and banks weak

oil sector strong

 

[dr.blix]

ffs i need to learn how to take profits.

i was up 14 pts on this position and i've let it go down to +5...

ok, closed for + 10 pt gain...prob gonna regret closing it, prob make 4240 again, but, hey ho.

 

[dr.blix]

long @ 4248 target 4258

 

[wallstreet1928]

I am short 4258 ....stop loss 4280

target scalp .........ideal target 4232

 

[Geofract]

moved my stop to just above 0.8500

moved stopped to BE

not easy, as selling into short term support

 

[dr.blix]

long @ 4248 target 4258

closed for + 8 pts gain and i'm out...mebs could have had more there, but i just wanted my 20 pt daily target.

trades:

long + 12 pts
long - 8 pts
short + 10 pts
long + 8 pts

+ 22 pts on the day

not a lot i know...but, baby steps

 

[dr.blix]

good luck for the rest of the day chaps...i'll pop back in later to see how things are going.

 

[Geofract]

moved stopped to BE

not easy, as selling into short term support

stopped out for 0