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

[london_lad]

kaisen I 100% agree with your points. But I read somewhere that, trade what the charts tell you, not what you feel. Its a dilemma isnt it?

 

[SuddenDeath]

RSI5 sell stop at 4714.6

 

[Mr. G]

my point exactly LL. We all think it's mad that the markets are moving up for a range of differing but similar reasons. Fact is, they are so being long would be better then being short.

Long at 4701 after having closed my short for a stonking loss. IG would be a good buy on my perfomance.....

 

[london_lad]

sell stop means go short?

 

[london_lad]

my point exactly LL. We all think it's mad that the markets are moving up for a range of differing but similar reasons. Fact is, they are so being long would be better then being short.

Long at 4701 after having closed my short for a stonking loss. IG would be a good buy on my perfomance.....

Exactly how I feel mate. I am thinking of going long at every major dip (100 points) upto 4000 region. Thats only so far I can cover from Margin and running losses perspective.

 

[london_lad]

Everytime bloomberg says that stock futures pointing a higher open. The market goes bearish

 

[masnachu]

sell stop means go short?

yes (well I'm assuming).

he means sell , with a stop @ .... , when he writes that

 

[london_lad]

SD we still have a strong buy signal on 10M with RSI5 and WilliamsR%5 isnt it?

 

[ian23]

now just waiting for the us to open to take a new position, might go up some but i fovour the down side at the moment

 

[Manya1983]

US employment claims fall less than forecast indicating recession is easing. This co-inciding to price drifting towards 4700 which would now be support.

Long @ 4708. 20 SL.

 

[Manya1983]

US employment claims fall less than forecast indicating recession is easing. This co-inciding to price drifting towards 4700 which would now be support.

Long @ 4708. 20 SL.

Stopped out.

 

[london_lad]

I am stuck with long at 4718

 

[ian23]

15 point profit and done for the day

 

[SuddenDeath]

did anyone take this signal,. ..

RSI5 sell stop at 4714.6

good for 35 pts so far,

 

[london_lad]

1350: Strong buy signal from RSI5 on FTSE100. False positive, this is the first time I have seen this signal fail. Always worked for me to shave off a few points from IG - not this time though, prolly cause of the economic data.

 

[jonboy123]

#id be crazy not to follow....follow where you lead

I follow to the edge...of the earth...and fall off#

thom yorke :cheesy::clap:

 

[jonboy123]

good for 35 pts so far,

i dummy traded it.

IG charge me an extra 2 point spread for guaranteed stop.
So if i add an extra 4 point safety net, its really 6 points i have to make up.
But if i add 2 point safety net, in effect 4 in total...BUT the order is opened after 2 points from the current level. So more risky if false signal.
So i either play more risky and jump in, or i wait and pay the extra 2 point spread on top of the original 4.

Any thought on this?

 

[Chelski]

good for 35 pts so far,

Sadly i was out, nice set up, tweezers top, Divergence on MACD.

 

[SuddenDeath]

sorry to disagree but 13.50 wasnt a RSI5 buy signal..

1350: Strong buy signal from RSI5 on FTSE100. False positive, this is the first time I have seen this signal fail. Always worked for me to shave off a few points from IG - not this time though, prolly cause of the economic data.

.... not sure what indicator u are looking at.

JonBoy123, not sure you really need gteed stops, dont IG have a limited risk account, let your initial margin be your risk.

 

[jonboy123]

1350: Strong buy signal from RSI5 on FTSE100. False positive, this is the first time I have seen this signal fail. Always worked for me to shave off a few points from IG - not this time though, prolly cause of the economic data.

RSI5 was around 50 and pointing down at 13:50

13:40 was SELL signal.

please clarify, no rush.