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

[Geofract]

@masnachu

Yes, quite right, no SS – it’s a hammery type thing as you say. I’m on H3 btw now.

Closed the swissy at 710, might have been a good hold though. Might look to jump on board again tomorrow.

Only mentioned R1 50% fib on £Y, as I’m not convinced 155.50 will hold, and 155 might be a good turning point if the long side continues. Lets see.

Good luck everyone!

 

[wallstreet1928]

market leading stocks should give us a heads up ..............can we find any clues?

 

[wallstreet1928]

asian session should give clue no 1 ?

what will happen at 10, 070 on the Nikkei .............

 

[masnachu]

$ finding strength right now , don't know if it will hold through till morning though , could put pressure on equities tomorrow if it does. (am watching for a turn in swissy right now H1 & M15)

 

[wallstreet1928]

I'm shattered off to sleep ............

Euro looking weak at present

happy trading on the morrow

 

[masnachu]

@masnachu

Yes, quite right, no SS – it’s a hammery type thing as you say. I’m on H3 btw now.

Closed the swissy at 710, might have been a good hold though. Might look to jump on board again tomorrow.

Only mentioned R1 50% fib on £Y, as I’m not convinced 155.50 will hold, and 155 might be a good turning point if the long side continues. Lets see.

Good luck everyone!

yea watching £Y now.

 

[Geofract]

$CAD potential double bottom with June 1st.

 

[Geofract]

I'm shattered off to sleep ............

Euro looking weak at present

happy trading on the morrow

Thanks for the analysis WS!

 

[masnachu]

$CAD potential double bottom with June 1st.

could be (not unusual to get some grief at extremes of swings), have a look at the close only chart, bit hmmm looking at mo.

 

[masnachu]

dark cloud cover , 5m swissy at H1 Int Res zone , will it turn will it hold ?? lol

 

[masnachu]

£Y just busted fridays lows , if I've missed my short entry

 

[masnachu]

dark cloud cover , 5m swissy at H1 Int Res zone , will it turn will it hold ?? lol

Blew right out of the top of it , $ (except Y) finding good support tonight.

 

[Geofract]

Blew right out of the top of it , $ (except Y) finding good support tonight.

Hopefully $ will gain further strength, and put an end to this equity rally!

 

[Geofract]

£Y bounces of 155.20 high of the 15th - is this retrace your chance to go short though? WTFDIK

 

[masnachu]

£Y bounces of 155.20 high of the 15th - is this retrace your chance to go short though? WTFDIK

Sort of expecting retrace to last a few bars on H1 (up into 155.90's sort of area), think I'm going to be asleep the way I'm yawning here, thought I'd make it till 3 , not so sure now

(had a short signal @ 11.25 on 5m, but thought I'd play safe and wait till 12 )

Oh and I'll be bloddy annoyed if it does bounce and turn off 15th high, after legging it early firday

 

[Geofract]

damn, we shouldn't be watching charts @ 2am! madness defo liking that 155.20 level atm.

in my inexperienced humble op, if i was going to short £Y, it would be now @155.80

 

[masnachu]

you might be right, fair ol'bit of welly behind that £Y move @ mo , if it takes out 156.055 may have to rethink the longer term weakness idea.

 

[masnachu]

rivit @ the swissy :cheesy:

$Y is confusing me a bit (scratch that , its just me confusing myself, got to be careful jumping around all these pairs)

 

[Geofract]

rivit @ the swissy :cheesy:

$Y is confusing me a bit

Whilst £Y likes 155.20. in a way I prefer the short option now. I'll explain in a mo. Gonna make a cup of tea...

 

[Geofract]

I've restricted myself to watching 5 fx pairs now, it was getting a bit crazy last week watching everyman and his dog in FX!

With £Y, H1 bias is down, and the retrace we're seeing now, hasn't changed that bias to long. 156 is the 50% retrace of todays current low to fridays high. If the bias continues unchanged, shorts might be nice.

This is what I have found to be an interesting observation, and a useful bit of the bias concept. If the retrace doesn't reverse the bias, look for price turning at fib levels of previous swings. Hence favouring £Y short atm. Anyway, only been working with bias for a couple of weeks - it could all be guff