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

[bw81]

Dropped to 113.4 on my charts, CMC

ahhhh! thats becasue the markets closed and its showing you BID price on the share its always a amassive spread when markets closed.

 

[wallstreet1928]

Are you trading live , so as you as you put your trade your posting it on here asap for the newbies like myself to follow?

yes indeed my friend

i can't guarantee instantaneous updates as I have a day job as well but i always try my best

 

[wallstreet1928]

S&P analysis working like clockwork today

i will be going long at 825 as per my analysis in the morning

my long at 812 didn't work well , it broke even earlier

 

[wallstreet1928]

I am long again 3926........stop loss 3896

red line was important below

should be some resistance at 20 MA

i expect market to rally to 3970 ...I Will take profit there..........

 

[bw81]

i expect market to rally to 3970 ...I Will take profit there..........

its going for it, im on this gravy train too

 

[wallstreet1928]

its going for it, im on this gravy train too

the only piece left in this puzzle is this

S&P has to take out the gap ............then 4000 here we come!!

 

[bw81]

closed at 3934 for 10 points scalp

 

[wallstreet1928]

I am long again 3926........stop loss 3896

red line was important below

should be some resistance at 20 MA

i have amended position to break even

take all risk out of the trade and relax

 

[bw81]

ok thats it for me guys, had a good day today, good luck in your trades for the rest of the day.

 

[wallstreet1928]

closed at 3934 for 10 points scalp

well done there

my position hit break even again

typical

 

[Trader1UK]

just ignore that Sul...............they always widen the spread after hours on CMC, it doesn't reflect the market price and will not affect your stops after 16.30 !!!

Thanks, sorry didnt realise...

 

[wallstreet1928]

I have decided to go long S&P 819 stop loss 815

target TBC

 

[wallstreet1928]

I have decided to go long S&P 819 stop loss 815

target TBC

amend stop loss to break even

822 is proving hard to crack ...it cant get past the gap

 

[wallstreet1928]

amend stop loss to break even

822 is proving hard to crack ...it cant get past the gap

I'm getting fed up with stop loss break even hit every time after being in profit of 20-30 points.......

haha ......

as a trader you just know its not your day today and you should just give up

but i'm still waiting for 822 to get taken out convincingly and then i will jump for a long

 

[fraggermcg]

Hey WS
Just to throw a contrarian view into the pot. You don't think the S&P is looking at a bit toppy at these levels? Looks like a double top for me around 822, could easily pull back from here and I can't see much support below 816-818.

 

[wallstreet1928]

Hey WS
Just to throw a contrarian view into the pot. You don't think the S&P is looking at a bit toppy at these levels? Looks like a double top for me around 822, could easily pull back from here and I can't see much support below 816-818.

yes indeed you may be right my friend

and that is a very good alternative view

hence my reluctance of going long until above 822 convincingly (825 would be a good entry)

and if 810 break then I will be more than happy to go short until 800

but at present the bias is on the upside so i will remain looking for longs until thsi little mini trend is broken

 

[wallstreet1928]

I am long S&P 813 ..stop loss 808 !!

50 ma support and 813 level holding up well with 810 support as well

 

[wallstreet1928]

I am long S&P 813 ..stop loss 808 !!

50 ma support and 813 level holding up well with 810 support as well

stop loss hit

bad trade, should have waited a bit longer for confirmation

 

[Trader1UK]

HolyMoly.... Everythings just fallen like a rock... damn i missed that move..

 

[wallstreet1928]

HolyMoly.... Everythings just fallen like a rock... damn i missed that move..

haha..............yes indeed my friend

not a good day for me today

thank god i have already hit my monthly target

barclays stop loss was hit

S&p stop loss hit

FTSe stop loss hit

and then had 3-4 trades all in 20-30 points profit only to watch them go to break even( i just can't swing trade...im a natural born scalper..haha)

made a few points in between

OH well, its all a learning curve my friends

tomorrow is another day

i will post my plays for tomorrow now that i have finished my day job