Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Anyone trading $CHF? Tempted for a long - more madness?
Staying away from that thing for now , swissy crazier than a box of frogs
Short FTSE 4595. Final attempt for today. Either I make profit or I get stopped out. No rolling positions nonsense.
why don't you like rolling positions?
I am rolling my position, I meant amending positions to break even etc which is what caught me out earlier. Luckily enough I managed to get an etry at the same position but I simply meant no more messing about with stops. I want to give the trade enough room to move and make up its mind this time around.
Geofract
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Staying away from that thing for now , swissy crazier than a box of frogs
very wise I am sure... so i am long from 1.0693 I could be in self destruct mode today!
Geofract
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There's some stuff here on FTSE pivot days that might interest you papak http://www.trade2win.com/boards/uk-indices/61820-ftse-100-index-pivot-days.html
Also, there's a market timing social group here http://www.trade2win.com/boards/market-timing/ - The Astrology stuff that came up recently is a bit far out for my liking. But, the guy who runs it has a great strat called Lucky 21, which is quite something - hopefully he will publish the details soon.
kaisen
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Hey Papak, i am watching s&p also. I have it right on one of my geo trend lines and it keeps holding at the mo.
Also i am concerned that oil has not fallen away and dollar not yet rallied big time (has moved but little effect so far + euro holding up well against the dollar)
Plus gold still high and XOM is trading strong. Etc etc.
Waiting and waiting!
Think we are getting somewhere!
Dollar teatering, XOM wobbling!!!
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running a treat
Geofract
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running a treat
Finally I got a trade right today! £Y looking messy in the last few hours. Did you bail at 155.50?
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kaisen
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Hmmm!
FYI
July 24 2009
UK economy suffers further slump
The recession-blighted UK economy shrank by a far worse than expected 0.8% between April and June, gloomy official estimates showed.
The fifth successive quarter of decline is much bigger than the 0.3% fall in output forecast by economists and deals a blow to recovery hopes.
The economy has slumped 5.6% since the second quarter of 2008, the Office for National Statistics (ONS) said - the biggest fall since its records began in 1955.
The economy has now shrunk by 5.7% since the first quarter of last year, the ONS said - more than double the depth of the early 1990s recession and approaching the level of the slump seen in the early 1980s.
Although the figures bettered the 2.4% contraction seen in the first three months of 2009 - the worst since 1958 - experts were hoping for a much bigger improvement in the economy.
A 0.7% decline in output from business services and finance was the biggest driver behind the 0.8% fall in output in the second quarter of the year, the statistics showed.
The services industry - accounting for almost three-quarters of overall economic output - showed a 0.6% decline.
Construction industry output fell 2.2% over the quarter and is now 14.7% below the same period last year, which is the biggest fall since records began in 1948. Production industry output - such as construction, mining and manufacturing - fell 0.7% between April and June, the ONS added.
Howard Archer, of IHS Global Insight, called the figures "a really nasty and disappointing shock".
He said: "The sharp second-quarter drop suggests that hopes of recovery over the coming months are based on even rockier ground."
Copyright (c) Press Association Ltd. 2009, All Rights Reserved.
So why the upturn?
FYI
July 24 2009
UK economy suffers further slump
The recession-blighted UK economy shrank by a far worse than expected 0.8% between April and June, gloomy official estimates showed.
The fifth successive quarter of decline is much bigger than the 0.3% fall in output forecast by economists and deals a blow to recovery hopes.
The economy has slumped 5.6% since the second quarter of 2008, the Office for National Statistics (ONS) said - the biggest fall since its records began in 1955.
The economy has now shrunk by 5.7% since the first quarter of last year, the ONS said - more than double the depth of the early 1990s recession and approaching the level of the slump seen in the early 1980s.
Although the figures bettered the 2.4% contraction seen in the first three months of 2009 - the worst since 1958 - experts were hoping for a much bigger improvement in the economy.
A 0.7% decline in output from business services and finance was the biggest driver behind the 0.8% fall in output in the second quarter of the year, the statistics showed.
The services industry - accounting for almost three-quarters of overall economic output - showed a 0.6% decline.
Construction industry output fell 2.2% over the quarter and is now 14.7% below the same period last year, which is the biggest fall since records began in 1948. Production industry output - such as construction, mining and manufacturing - fell 0.7% between April and June, the ONS added.
Howard Archer, of IHS Global Insight, called the figures "a really nasty and disappointing shock".
He said: "The sharp second-quarter drop suggests that hopes of recovery over the coming months are based on even rockier ground."
Copyright (c) Press Association Ltd. 2009, All Rights Reserved.
So why the upturn?
£Y looking messy in the last few hours. Did you bail at 155.50?
Oh Aye , I Brave Sir Robin'd that one just before 1.30 (post 9591 page 1199)
I'm assuming (haven't checked this afternoon) the Longer H4 and H1 have gone corrective , so will watch it unfold and see if the market wants to fall further or bounce and run.
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