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

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I am long 4268 stop loss 4248

target 4290

With you and bw81 on that, support appears to be holding and its at the bottom of my channel - long 4266, s/l other side of 4250

Wish I had held my short too WS, had one from the pivot being touched after rally up this morning, but 4300 support spooked me.

I need a rise here...flaffed up my trades on forex
 
i should learn to sit still, i moved my buy order from 4279 to 4288 and i am long from 4288

@ SD, you've spoke of this before, but no I haven't tried it, but I can see the advantage of getting that quick entry on a buy/sell order (with the obvious difficulties of it being filled etc) I think I will try this - not on forex as the spikes could retreat instantly and hit your stop, but on FTSE the movement is in one direction and maintains that for a period.

EDIT: ouch, that buy @ 4285 not good
 
i opened to longs after my 20 pt loss...its going to stop me out on both before retracing.
 
With you and bw81 on that, support appears to be holding and its at the bottom of my channel - long 4266, s/l other side of 4250

Wish I had held my short too WS, had one from the pivot being touched after rally up this morning, but 4300 support spooked me.

I need a rise here...flaffed up my trades on forex

Have to leave the house - stopped out @ 4250 for -16pts - why such a stupid stop placement level? Because thats been the story for the last hour.

This NFP was absolutely no fun for me, and costly - serves me right for trying to trade the announcement on forex and not give it time to settle and find direction, as per my initial plan.
 
i opened to longs after my 20 pt loss...its going to stop me out on both before retracing.

i'm so ****ing angry with myself. i could have punched a baby seal in the face a few minutes ago.

was up 32 pts, then allowed myself to get distracted. blew 20 pts when i should have got out for BE.

then blew another 30 pts trying to get the bounce back up because i was so hacked off.

i'm going to restrict myself to comms with contributors only on here...and i've got to stop one mistake snowballing into opening stupid emotional positions.

i've spunked a weeks trading money today.

i'm going to leave it now until next week...shame it's on a duff note.
 
This NFP was absolutely no fun for me, and costly - serves me right for trying to trade the announcement on forex and not give it time to settle and find direction, as per my initial plan.

Made the same mistake on the Fed rate decision! Lesson learnt :)
 
hit sl -12 points...lesson that I should learn is dont go against a strong move... we will see if I remember it next time
 
how long did it take u to learn TA. Are these the books u learnt from

Get the 2nd book Blix refers to , I'm not saying its the best or easiest book on TA , but it will give you a solid foundation in TA to work and gain experience from.

Time ? everybody learns at a different pace . but I'd guesstimate around 2-3 years to :

1) study all the subjects in that book (along with further/deeper reading on various subjects from other sources) , and

2) Gain sufficient experience using those techniques in the markets.

thats 2-3 years to develop YOUR basic approach to trading, to begin to develop consistency in approach and results........

Then the learning really starts ;) ;)
 
my dear Friends, I've finally closed my shorts around 5 minutes ago at 4228- profit was 1019.4 points...lets just say it was a bumpy ride to it!- Im taking a 2 week break now:

Here are the positions that i ended up with- i still think we are heading south towards 4000, but I need a break!


Open Spot P&L (no.points)
4282 4228 54.00
4268 4228 40.00
4270 4228 42.00
4266 4228 38.00
4276 4228 48.00
4282 4228 54.00
4277 4228 49.00
4275 4228 47.00
4275 4228 47.00
4270.5 4228 42.50
4282 4228 54.00
4300 4228 72.00
4266 4228 38.00
4268 4228 40.00
4275 4228 47.00
4265 4228 37.00
4296 4228 68.00
4337.9 4228 109.90
4320 4228 92.00
 
A break below support at 4200 would be a good start - but still no guarantees at all that we would reach 3500!

I just had a read back through your posts, and to be honest, given the types of questions you're posting, I do wonder if you have studied this market at all? Or studied Technical Analysis? You might find this thread a little advanced if you haven't studied a bit first.

I think people will help you on here, but with sensible questions - not questions that require psychic ability.

If you'd like some recommendations on TA books, I'm sure people will chip in.

it might break the 4200 like u mentioned wot do u think
 
my dear Friends, I've finally closed my shorts around 5 minutes ago at 4228- profit was 1019.4 points...lets just say it was a bumpy ride to it!- Im taking a 2 week break now:

Here are the positions that i ended up with- i still think we are heading south towards 4000, but I need a break!


Open Spot P&L (no.points)
4282 4228 54.00
4268 4228 40.00
4270 4228 42.00
4266 4228 38.00
4276 4228 48.00
4282 4228 54.00
4277 4228 49.00
4275 4228 47.00
4275 4228 47.00
4270.5 4228 42.50
4282 4228 54.00
4300 4228 72.00
4266 4228 38.00
4268 4228 40.00
4275 4228 47.00
4265 4228 37.00
4296 4228 68.00
4337.9 4228 109.90
4320 4228 92.00


:cheesy: Well held sir , bet you got a few more grey hairs though ;)
 
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