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

Status
Not open for further replies.
Manya1983 said:
I wouldn't usually but in this instance as I've redeemed most of my account (not wanting to give up recent gains) I'm working with a small capital base. Therefore I want to make sure any stops I have in place are sufficient.

In this instance I would have bagged more profits as FTSE has moved lower by a further 15 or so points but my discipline really sucks and thats what I'm trying to teach myself.

:)
Click to expand...

Ah ok - I got the same level entry as you and it suited me just fine, but if its discipline you're practicing to your rules, I know that exercise all too well!

(break open the champagne on redeeming your account, thats a way off for me yet)
 
Manya, I exited at just 2 points. Had to go to a 2 hr meeting, and didnt wanna come back to see I was stopped out after reaching 13 to 15 points (but without reaching my limit of 30).
 
Waiting for the US Home Sales data to arrive. I guess that would be the markets biggest mover today.

:)
 
LOL. Stopped out within a matter of minutes. Not sure what happened here but obviously there must be some over-riding event.

:)
 
Manya1983 said:
LOL. Stopped out within a matter of minutes. Not sure what happened here but obviously there must be some over-riding event.

:)
Click to expand...

Likely the good news was factored into the price already - plus the saying suggests you sell on the news?
 
Last edited:
Maybe but with all the Euphoria recently I would've thought this would've spurred the markets further. Oh well.

I think I'm going to sit out for a while and wait for price to perhaps reach 4,500 and play any bounce from there.

:)
 
wallstreet1928 said:
FTSE...............wretched FTSE!!

1 wekk 10 min chart

what can we discern from its peaks and troughs....

Key level 4608 .....pivot R1

strategy for Monday

> 4608 - I will go long 1st target 4630 ....amend to B/E , 2nd target 4680

< 4608 - I will keep playing the short game with stop loss @ 4610 ........... 1st target 4560 , 2nd target 4540, 3rd target 200 MA


external variables I will keep an eye on

GBP /USD ..........

EUR /USD ...........1.42 LEVEL...break of that and bias is on the downside as it pulls oil down,causing oil related stOcks to fall such as BP

OIL - 58.8 level .............strong resistance ........big gap gill window 58.8 - 59.9 !! I will be very suprised if that can fill the gap, EURO has to break above 1.43 if it does
Click to expand...

1st target hit for my short position 4560 ...........

I am now contemplating a long position .....

waiting to see what happens at these levels
 
RSI5 does not use Stochastic, RSI/STOCH 5 uses ..

london_lad said:
Im getting buy signal on your RSI 5 now. william above 80 and RSI above 30 (not very strong though.)
Click to expand...

stochastic and RSI, RSI5 generated a buy stop signal at 4567.7, from 15.40 bar

London_Lad, how come u dont log onto skype ?
 
Last edited:
wallstreet1928 said:
1st target hit for my short position 4560 ...........

I am now contemplating a long position .....

waiting to see what happens at these levels
Click to expand...

I am looking to cover my long position @ 4574

I will then open up a short position @ 4570 -4575 if there is any signs of weakness .............
 

Attachments

  • FTSE 100 Daily (10-JUN-09).png
    FTSE 100 Daily (10-JUN-09).png
    28.6 KB · Views: 113
Status
Not open for further replies.

Similar threads

wallstreet1928
Wallstreet1928 is back-Analysis & Live Calls on FTSE/DAX.aimed to help new traders 2
2 3 4
Replies
72
Views
15K
francisfinley
F
Mr Squirrel
  • Locked
Reminiscences of a Wallstreet1928 Subscriber
2
Replies
21
Views
6K
shewolf
S
rossored
emini S&P Intraday Charts
2
Replies
23
Views
5K
ES0
E
8
Ftse,dow,gold,aim....
Replies
2
Views
2K
Tempted
T
Dinos
Trading the DAX
4 5 6
Replies
101
Views
28K
DuCaan
D
Top