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

[wallstreet1928]

WS: at what point did you decide to go long? right when you shorted or when you saw the index move halfway towards your stop loss? Also, what broker do you use? I cant find DAX or CAC on IG?

hedging can be a very effective tool chaps and can result in more profits than expected, but alternatively you must know hat you are attempting to do and have stop losses on both trades

I shorted FTSE on the assumption we were going to gap down as we closed below crucial 4855 level

once I got wind of all the merger news I had to open up a long straight away

I went long DAX @ 4421

 

[london_lad]

long @ 4910

 

[fast trader7]

WS: at what point did you decide to go long? right when you shorted or when you saw the index move halfway towards your stop loss? Also, what broker do you use? I cant find DAX or CAC on IG?

Check their Navigate button - indices - Europe - german 30.

@ha ha.. the reason WS went long on dax is simple.
He was short on ftse and he wanted to protect his position if the market goes wrong,so he hedged his position by going long on dax. Simple as that.

hope it clarifies

Happy Trading

 

[SabreTT]

I would expect the dax to have a good chance of outperforming the ftse anyway, not sure how often thats the case. Not today anyway, thats a fairly massive move there

 

[london_lad]

exited at 4916. Dont like the entry.

 

[Splitlink]

for a profit?

I took 20 points this morning. How much, was not the point that I was trying to make. The direction and probabilities is the only thing that matters to me and averages and trendlines are what I prefer. I let others take care of S&L lines.

 

[h_a]

anything on the ftse going down anytime soon got german data coming out

 

[kaciara]

eheh
sep 2 - now u can go long...

...

 

[h_a]

whats the chances of it hitting 5000 this week

 

[kaciara]

58%

 

[Splitlink]

Probably, good. Maybe it will fall, though! I wish you good trading this afternoon. I can't wait any longer.

 

[london_lad]

short from 5k, when it reaches there.

 

[london_lad]

Market, didnt fill the gap, and now pushing higher and higher. This is on silly light volume today.

 

[fraggermcg]

I reckon it's going sideways the rest of the day. maybe fluctuating in a 10pt or so band.

There's no US market to give it direction, commodity markets closed also and all the econ news is out for the day.

 

[wallstreet1928]

Take it easy and relax for the day chaps

save your energy for the rest of the week

over and out

 

[dr.blix]

imagine ey? no silly S&P or Dow coming along to mess things up!

every day would be like today, a gentle saunter upward, stopping at regular intervals for tea and biscuits ...aaah.

:cheesy:

 

[PaulHClark]

Hi folks - newbie to T2W

Like the thread

I thnik it's getting frothy .....

 

[Chelski]

Possible breakout on Cable here. Similar support line on 1H chart for confirmation.

Short Cable 16364

 

[kaisen]

Possible breakout on Cable here. Similar support line on 1H chart for confirmation.

Howdy Chelski!

I have been watching this also. Are you now in? I am looking for a retrace entry.

 

[Chelski]

Howdy Chelski!

I have been watching this also. Are you now in? I am looking for a retrace entry.

In and now out +18