Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Agree Split - its sideways and down on higher TFs. The rallies are hard and fast in this environment, but volatile and demand a profit taking when things look overstretched and (for me anyway) a pivot to pivot move has been achieved.
The stall at the 4215 on FTSE level spooked me to do just that.
Good Morning all !
Its been a time since I have logged on here, had loads of messages to answer.
However I want to let you guys in to a little secret.
Sure way to trade and generate capital.
Many would sell this info at a seminar, but hey what the hell LOL
Look at Sept Dax then Look at Dec Dax the bid / offer on the out dated contract is similar to the near date. Yes it is arbritrarge city. Take a long on one then a short on the other ( as the bid/offer is 0.20 ) when the market moves close the one wait for a slight retrace and close the other.
Use tick charts, 5 min charts and 30 min charts to get the picture.
Try this and you will not loose any cash only win if your shrood with implementing this. it work well in pre USA hours when the market is range bound, When USA opens it still works but need to be more active due to market movement.
I now trade two days ( 2-3 hrs a day ) each week and only come to play after a signifficant retracement or a large move with the plan to capture a % of any bounce/retracement.
Hope you all are doing well.
Like I did say at the begining of this year we are going through a mid 90s patteren and it has prooved to be correct so far. IE we are range boound, stockastics are an exellent tool to use on a longer time frame chart in current conditions.
Regards and much respect to the veterans in here
TomTom
Its been a time since I have logged on here, had loads of messages to answer.
However I want to let you guys in to a little secret.
Sure way to trade and generate capital.
Many would sell this info at a seminar, but hey what the hell LOL
Look at Sept Dax then Look at Dec Dax the bid / offer on the out dated contract is similar to the near date. Yes it is arbritrarge city. Take a long on one then a short on the other ( as the bid/offer is 0.20 ) when the market moves close the one wait for a slight retrace and close the other.
Use tick charts, 5 min charts and 30 min charts to get the picture.
Try this and you will not loose any cash only win if your shrood with implementing this. it work well in pre USA hours when the market is range bound, When USA opens it still works but need to be more active due to market movement.
I now trade two days ( 2-3 hrs a day ) each week and only come to play after a signifficant retracement or a large move with the plan to capture a % of any bounce/retracement.
Hope you all are doing well.
Like I did say at the begining of this year we are going through a mid 90s patteren and it has prooved to be correct so far. IE we are range boound, stockastics are an exellent tool to use on a longer time frame chart in current conditions.
Regards and much respect to the veterans in here
TomTom
wallstreet1928
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I am short FTSE 4235 ................stop loss 4265
SuddenDeath
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low on IG ftse is 4187, i should have gone with..
4190, sorry
4300 seems to be best place to short
4190, sorry
4300 seems to be best place to short
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On the upside we ae at resistance now so it could come in, it could also go to 4266 and thenbig resistance at 4290-300. After that watch 4350. It is possible that thisis just alightvolume rise and when wall st takes over it could all change depending on what happens there.
\again only my humble opinion there arefar better traders on here than me.
wallstreet1928
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closed for 7 points profit .......
set up no longer valid due to persistent rise in Euro and oil, and S&P above 900
wallstreet1928
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OK chaps ............
so carrying on from the analysis I did last night
> 4242 I will go long 4260 - 4290
< 4242 remain neutral and watch Euro,oil, Nasdaq and S&P for any weakness to go short
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wallstreet1928
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FTSE is very very weak ............
all the stocks look very top heavy
only thing preventing me is oil and euro
all the stocks look very top heavy
only thing preventing me is oil and euro
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