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

[vinicius]

Thanks Vinicius, just watching that now

just waiting for short entry confirmation

edit: Thanks Minch - could be a nice TP.

Do you use anything mechanical to entry?

 

[wallstreet1928]

i am short nasdaq 1583 ...stop loss 1603

target 1563

this trend line is still being respected

 

[Geofract]

Do you use anything mechanical to entry?

2min bias change for aggressive entry.

Check the link in my sig.

 

[bw81]

The Scam That Is The Federal Reserve And Treasury

This video by Glen Beck showcases the back door shady activity going on to keep the market propped. The video talks about how the 7 year auction which had no demand/buyers. Then mysteriously all of a sudden the bonds were bought up. Then 10 days later the Federal Reserve bought back almost all of it. Hmmmm. Anyone think a back door handshake was made to make it look like the demand was great for the 7 year while "they" told those buyers they would just buy it back later on?

YouTube - Glenn Beck Clips 08-12-09 Seg3- Inflation Is Good For Government Because Taxes Increase

 

[london_lad]

Everytime MA9 crosses through MA18, there is a huge upswing. Today, market has been going up stronger than its going down. weird.

 

[minch]

If E/S can manage to reach the 1.4300 level again, then this could prove to be a nice area for another short.

Strong res at this level, and a retest of the right shoulder of the Daily h&s.

 

[Dentalfloss]

morning all
had a quiet week.unable to see signals align on my 3 timeframe /box sizes charts.either one is bearish and the others are bullish etc etc
sometimes it is better to know when to walk away
last week,good alignment for trading signals ,with good follow thru.this week....zilch, so far
markets digesting data...i think

 

[Dentalfloss]

shanghai has corrected down to the target almost.ie 3 box vertical count.target is 2785.just about there now

 

[Dentalfloss]

shanghai still bullish on this chart.price correcting ,..now at 2785
there is a price target of 3785 /vertical count.just to the downtrend line

 

[Dentalfloss]

a closer look at shanghai.close at 2785.there is a major support area at 2600

 

[Dentalfloss]

Intraday Market Thought
from Ashraf Laidi

2009.08.19 15:20: When you force someone to do something unsustainable, it will eventually fail spectacularly. That is what soaring oil is doing to non-USD and non-JPY currencies i.e. EUR, GBP, AUD, CAD etcc. These are rallying BEYOND THEIR MEANS and so are stocks. Their downside will emerge in Europe (if not Asia). EURUSD and GBP seen failing to close above the key 1.4245-50 and 1.6555-60s. More Frequent Trading Updates on Ashraf Laidi (alaidi) on Twitter

 

[london_lad]

Guys for today (19 August), I had these pivots charted out (5 mins after the opening bell at 8:00 AM):

Highs Range 4651.6
Low Range 4628.4

Strategy is to go in at breakout direction if you see a breakout on either (confirmation: ideally higher lows for long and lower highs for shorts on 10M)

Another addition to the strategy is that if you notice a false breakout, then go into opposite direction. Also, if you see a break in into this range after seeing (higher highs and lower lows type of confirmation, go in direction of the break in). Also, if you see 18 and 9 MAs converging/diverging around same point or just before, then its double confirmation.

Stop losses should be the mid point of these ranges.

Today, there was a false breakout on the lower range by a few numbers, and it worked beautifully up with manually trailing stop losses.

Yesterday's it worked as well, the ranges were:
Highs Range 4691.7
Low Range 4668.3

I will post tomorrow's ranges based on the open of the market.

Cheers - happy trading.

 

[Geofract]

E$ H3 bias switches to long for my strategy, on the move up this afternoon. I contemplated short entry at 1.4230 ish as that coincides with the down TL, and the 61.8% fib of the previous swing. The strat says longs though, as I use H3 for direction, but I don't fancy that, so will leave E$ alone for now I think.

Hope you all had a fab day getting those points & pips

 

[Dentalfloss]

^AORD All Ordinaries (Australia) 4,394.70 6:45am 7.20 (+0.16%) Chart, Components, more...
^BSESN BSE 30 (India) 15,109.17 6:56am 299.53 (+2.02%) Chart, more...
^HSI Hang Seng (Hong Kong) 20,336.36 6:51am 382.13 (+1.92%) Chart, Components, more...
^JKSE Jakarta Composite (Indonesia) 2,321.11 5:59am 43.35 (+1.90%) Chart, Components, more...
^KLSE KLSE Composite (Malaysia) 1,155.53 19 Aug -8.88 (-0.76%) Chart, Components, more...
^NZ50 NZSE 50 (New Zealand) 3,053.11 6:31am -27.94 (-0.91%) Chart, Components, more...
^N225 Nikkei 225 (Japan) 10,389.58 6:46am 185.58 (+1.82%) Chart, more...
^NSEI S&P CNX NIFTY (India) 4,476.75 7:06am 82.65 (+1.88%) Chart, more...
^KS11 Seoul Composite (South Korea) 1,575.53 6:46am 29.57 (+1.91%) Chart, Components, more...
000001.SS Shanghai Composite (China) 2,879.92 6:51am 94.34 (+3.39%) Chart, Components, more...
^STI Strait Times (Singapore) 2,559.86 7:05am 37.08 (+1.47%) Chart, Components, more...

 

[lapalabra]

Morning all, easing my way back into things here, I see everyone's been having fun and games.

Won't be trading FTSE much from now on in, but for this morning I am short the ludicrous gap from 4751.

 

[Dentalfloss]

shanghai bck up

 

[SuddenDeath]

good morning everyone

 

[papak]

Good morning all,

Gold trade worked well, took profits at 945 this morning,
SP500 hit limit at 1004.3 this morning
FTSE still long target 4762.

 

[lapalabra]

Won't be trading FTSE much from now on in, but for this morning I am short the ludicrous gap from 4751.

Out +10, that's it for the ftse for now...

 

[london_lad]

Guys for today (19 August), I had these pivots charted out (5 mins after the opening bell at 8:00 AM):

Highs Range 4651.6
Low Range 4628.4

Strategy is to go in at breakout direction if you see a breakout on either (confirmation: ideally higher lows for long and lower highs for shorts on 10M)

Another addition to the strategy is that if you notice a false breakout, then go into opposite direction. Also, if you see a break in into this range after seeing (higher highs and lower lows type of confirmation, go in direction of the break in). Also, if you see 18 and 9 MAs converging/diverging around same point or just before, then its double confirmation.

Stop losses should be the mid point of these ranges.

Today, there was a false breakout on the lower range by a few numbers, and it worked beautifully up with manually trailing stop losses.

Yesterday's it worked as well, the ranges were:
Highs Range 4691.7
Low Range 4668.3

I will post tomorrow's ranges based on the open of the market.

Cheers - happy trading.

As promised, todays ranges are:

Highs Range: 4744
Lows Range: 4720

Will anyone comment on this pls.