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

[minch]

I've been short on this for about 20mins now at 0.8560 too Minch. SL @ 0.8568. I stuck to the rules, but doesn't look good atm - think I might be too early. Risk is 8 pips anyway

Yes I agree Geo, it doesnt look a good entry at the mo.

 

[tennisball]

Rollercoaster ride in the ftse!

 

[wallstreet1928]

Rollercoaster ride in the ftse!

yes similar to a tennis ball being hit between two opposing players

 

[Geofract]

Yes I agree Geo, it doesnt look a good entry at the mo.

It's an ar$e, but I will look for a new entry. I still have this as down on H3, and this move is just a pull back IMO.

It doesn't like 0.8570! Good!

 

[pentlow1]

What is it with the DOW and the 9200 level. Its only a number, but it really is struggling to go though it, but keeps trying. Still long the DAX, SL at BE.

 

[pentlow1]

What is it with the DOW and the 9200 level. Its only a number, but it really is struggling to go though it, but keeps trying. Still long the DAX, SL at BE.

Closed this DAX long as i have no conviction in the position any more.

 

[Geofract]

It's an ar$e, but I will look for a new entry. I still have this as down on H3, and this move is just a pull back IMO.

It doesn't like 0.8570! Good!

Looking much better now Minch!! Presume you're still in?

 

[minch]

Try a short here on eur/gbp 0.8560

Move TL Stop to 0.8550

Aye looking better now Geo

 

[SuddenDeath]

I predicted a bearish yesterday, a downswing of 50pts, I got it wrong, ftse closed down 23 with a downswing of 31pts

 

[pentlow1]

I predicted a bearish yesterday, a downswing of 50pts, I got it wrong, ftse closed down 23 with a downswing of 31pts

:clap::clap::clap: Hope you made money as well!

 

[SuddenDeath]

I managed to scrape a few coppers together, ,,

:clap::clap::clap: Hope you made money as well!

..very small range, about 45pts

If on Monday ftse trades below 4607 expect a down close.

 

[Geofract]

E$ went to the moon after all! Crazzzyyyyyyyyy moves today

 

[Manya1983]

So whats the thinking behind todays movement?

Equity markets take a battering as the US underestimated how deep the reccession is/was and as a result we assume they have not plugged enough money into the financial system and the currenty rally will eventually run out of steam.

Meaning they will need to push in more liquidity, devaluing USD hence why USD has been shot down today and every short USD trade is making money?

 

[minch]

TL Stop activated 0.8550 - + 10

 

[minch]

E$ went to the moon after all! Crazzzyyyyyyyyy moves today

I think we were on the wrong vehicle :cheesy:

 

[Geofract]

I think we were on the wrong vehicle :cheesy:

Yeah, I was just thinking that as well! That's why I really like £Y, cause it moves quickly - but it can hurt if you get it wrong eur/gbp is a little like watching paint dry in comparison.

eur/gbp is down again though.

 

[minch]

Yeah, I was just thinking that as well! That's why I really like £Y, cause it moves quickly - but it can hurt if you get it wrong eur/gbp is a little like watching paint dry in comparison.

eur/gbp is down again though.

Yep I was almost relieved it took me out

Have a good weekend all.

 

[Chelski]

Yep I was almost relieved it took me out

Have a good weekend all.

What spread are you guys getting on £Y? IG is 8 points, seems a lot, although average range seems to be good.

 

[Geofract]

What spread are you guys getting on £Y? IG is 8 points, seems a lot, although average range seems to be good.

It seems 8 is pretty standard Chelski, but like you say, range is good ATR 270+ pips!

 

[masnachu]

It's not one of majors , hence the size of the spread.