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

[dr.blix]

i don't see signs of strength. i'm short, and i'm hoping that a H&S i see on the 5 and 10 TF is going to bring me 430 (50% retracement on the days range) or at least 443 (netting 10 pts for me)...

prob not pan out this way though, as the unspoken rule of FTSE trading is, whatever i say, do the opposite :cheesy:

i have it having to break below 447 to give the H&S any credibility.

 

[Manya1983]

Dr - If you are new to trading I would recommend you use hourly tf as a minimum! 5 mins and 10 mins have too much noise and as you have already noticed you will close out your profits too quickly.

 

[dr.blix]

Dr - If you are new to trading I would recommend you use hourly tf as a minimum! 5 mins and 10 mins have too much noise and as you have already noticed you will close out your profits too quickly.

tell me about it manya! i try to get into H4 and H1 but i ALWAYS get sucked back into 15m and 5m...

i always start out in H1 and 15m, then have a sneaky peak in the 5 to spot emerging patterns, then, blam...that's me back in the 5TF.

 

[SuddenDeath]

anyone familiar with Larry Levin, "secrets of traders" appears on CNBC sometimes

 

[dr.blix]

ok, back in the H1, 15m

 

[Manya1983]

Closed CAD/JPY for +20.

I think the US open will push it back up to 8.600 which should give me a re-entry for another short.

 

[lapalabra]

ok, back in the H1, 15m

There's a falling wedge and bearish osc div emerging on the 89 tick chart...could be a bull flag though...

(sorry DB couldn't resist - )

 

[lapalabra]

Closed CAD/JPY for +20.

I think the US open will push it back up to 8.600 which should give me a re-entry for another short.

That's what I'm hoping too - TL from June highs coincide around 8600 - if we head down there are lots o' pips in the offing down to 8500 (15 July high, and have a TL there)

 

[london_lad]

SD, iv followed your system of RSI5 and Williams5 and entered long FTSE100 at 4447. Let's see

 

[dr.blix]

There's a falling wedge and bearish osc div emerging on the 89 tick chart...could be a bull flag though...

(sorry DB couldn't resist - )

gonads...maybe i should have just closed @ 444 for 9 pts, one of my targets was 443.

i should have a least moved my stop to BE, but i've not really concentrated for the last 10 mins and that's exactly where i've slipped up....ffs.

 

[Geofract]

gonads...maybe i should have just closed @ 444 for 9 pts, one of my targets was 443.

i should have a least moved my stop to BE, but i've not really concentrated for the last 10 mins and that's exactly where i've slipped up....ffs.

Bias is still down since 11.20am Dr. B - it might come back to you.

 

[SuddenDeath]

I posted this yesterday.................

SD, iv followed your system of RSI5 and Williams5 and entered long FTSE100 at 4447. Let's see

trade recommendation for Monday the 19th day of July,

Long ftse during cash session (8.00am - 4.36pm) with stop and reverse order at 4386


remember for the RSI/Wills 5 (from the trade2win forum) the higher the rsi reading the stronger the buy signal, the reading need to be above 35 (35 is the lowest reading for a buy signal)

 

[dr.blix]

i'm now short 4454, looking for 434, but i'll close on signs of strength.

closed @ 453 for BE, let 9 pts go past.

450s been really important today.

down -10 pts on the day, think i'll call it quits and get some sun.

 

[pentlow1]

Will our win at Lords give the market impetus to go higher! Thoughts please....

 

[dr.blix]

closed @ 453 for BE, let 9 pts go past.

AHAHAHA! of course i close my short for nothing and then it goes back my way...i mean, what else would it do?

 

[pentlow1]

AHAHAHA! of course i close my short for nothing and then it goes back my way...i mean, what else would it do?

I hope you are not surprised. You are not paranoid, the market really is out to get you!

 

[masnachu]

FTSE is being a PIfA right now

 

[Manya1983]

I am looking to go long at 4420.

Goldmans raise their year end target for S&P. Leading US Indicators show recession is easing. UK House prices rising. CIT likely to avoid bankruptcy. All point to another up-day.

 

[masnachu]

Bias is still down since 11.20am Dr. B - it might come back to you.

<cough> Doctor Phil

So you mapping those swings out on the FTSE ?

 

[SuddenDeath]

FTSE is almost matching DAX gains which is unusual, DAX usually thrashes FTSE up and down