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

[wallstreet1928]

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

Short Cable 16364

as Boarat would say

Nice, Verry Nice

I have been shorting Mr cable from dawn till dusk

Dollar index is still trading sideways on a daily chart

 

[wallstreet1928]

In and now out +18

you only ate the crumbs, you should have had a slice

 

[Chelski]

you only ate the crumbs, you should have had a slice

Just got back to my screen after dinner, i felt that as the range had been low today we may not get a big move so took what was there and ran!
Just goes to show, you need a lot of patience for this, no action all day and then you get this lovely set up.

 

[wallstreet1928]

Just got back to my screen after dinner, i felt that as the range had been low today we may not get a big move so took what was there and ran!
Just goes to show, you need a lot of patience for this, no action all day and then you get this lovely set up.

amend to B/E not tickle your fancy

although I have to say the number of times i amend to B/E and then the position gets neutralised is horrendous

but yes you are right my dear friend

patience is the game

probably selling off before the data

08:30GBP
Industrial Production (YoY) - Jul. -10.10% -11.10%
08:30GBP
Manufacturing Production (MoM) - Jul. 0.30% 0.40%
08:30GBP
Manufacturing Production (YoY) - Jul. -11.10% -11.70%
08:30GBP
Industrial Production (MoM) - Jul.

 

[Chelski]

amend to B/E not tickle your fancy

although I have to say the number of times i amend to B/E and then the position gets neutralised is horrendous

but yes you are right my dear friend

patience is the game

probably selling off before the data

08:30GBP
Industrial Production (YoY) - Jul. -10.10% -11.10%
08:30GBP
Manufacturing Production (MoM) - Jul. 0.30% 0.40%
08:30GBP
Manufacturing Production (YoY) - Jul. -11.10% -11.70%
08:30GBP
Industrial Production (MoM) - Jul.

I usually do amend but as I am happy around 20 pips I closed early with the low range in mind. I have also seen my BE stop taken many times too
Were you in the same break out or earlier?

 

[wallstreet1928]

I usually do amend but as I am happy around 20 pips I closed early with the low range in mind. I have also seen my BE stop taken many times too
Were you in the same break out or earlier?

if you see my post earlier i have been shorting since 1.64 level ...stop loss 1.6430 on both occasions

I took 30 points earlier in the morning but I have amended my my position to @ 1.636, guaranteeing 40 pips

with UUP/dollar Index forming a base I think I could get 100-200 pips out of this one

 

[Chelski]

if you see my post earlier i have been shorting since 1.64 level ...stop loss 1.6430 on both occasions

I took 30 points earlier in the morning but I have amended my my position to @ 1.636, guaranteeing 40 pips

with UUP/dollar Index forming a base I think I could get 100-200 pips out of this one

Nice work:clap:

 

[wallstreet1928]

very good article to digest chaps

"Since the beginning of the 2008, there has been an 89 percent positive correlation between the S&P 500 and the EUR/USD. This correlation has held steady in 2009 and is illustrated in the chart below. The reason why this correlation exists is because risk appetite has been the driver of the U.S. dollar over the past few years and not U.S. fundamentals. A perfect example of this was the currency market’s reaction to non-farm payrolls on Friday. Even though the number of job losses was the smallest in 12 months, the dollar sold off because the good number eased safe haven flows out of the U.S. dollar. Equities reacted as we would expect to a good number which also spurred gains in the EUR/USD."

How Dollar Could React to Stock Seasonality in Sept | Kathy Lien | FX360.com

 

[dr.blix]

could it be as simple as riding up to 5000 res followed by a big seasonal sept/oct drop taking us to the 4500-ish res?

 

[kaisen]

could it be as simple as riding up to 5000 res followed by a big seasonal sept/oct drop taking us to the 4500-ish res?

The charts seem to suggest something is likely to happen early October for many markets and the pattern suggests a drop.

 

[Dentalfloss]

from undeground trader

Econ reports this week:
Sep 08 14:00 Consumer Credit Jul
-8.5B -4.0B -10.3B
Sep 09 10:35 Crude Inventories 09/04
NA NA -372K
Sep 09 14:00 Fed's Beige Book
Sep 10 08:30 Initial Claims 09/05
-565K 560K 570K
Sep 10 08:30 Continuing Claims 09/29
6150K 6200K 6234K
Sep 10 08:30 Trade Balance Jul
-25.5B -27.4B -27.0B
Sep 11 08:30 Export Prices ex-ag. Aug
NA NA 0.2%
Sep 11 08:30 Import Prices ex-oil Aug
NA NA -0.2%
Sep 11 09:55 Mich Sentiment-Prel Sep
69.0 67.8 65.7
Sep 11 10:00 Wholesale Inventories Jul
-1.4% -1.0% -1.7%
Sep 11 14:00 Treasury Budget Aug
-168.0B -162.0B -111.9B

Earnings Reports this week:
Tues: premarket: RAIL, GIGM: postmarket: FCEL
Wed: postmarket: SWHC, NAV
Thurs: postmarket: TSCM, NSM, FMCN

 

[SabreTT]

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

What was the ftse volume for these last few days

 

[dr.blix]

quite quiet, i had to turn it up coz i couldn't really hear it :cheesy:

 

[Dentalfloss]

Asia/Pacific Last Trade Change Related Information
^AORD All Ordinaries (Australia) 4,527.80 7:19am 66.70 (+1.50%) Chart, Components, more...
^BSESN BSE 30 (India) 16,142.79 7:29am 126.47 (+0.79%) Chart, more...
^HSI Hang Seng (Hong Kong) 20,758.20 7:24am 128.89 (+0.62%) Chart, Components, more...
^JKSE Jakarta Composite (Indonesia) 2,345.09 7:39am 4.70 (+0.20%) Chart, Components, more...
^KLSE KLSE Composite (Malaysia) 1,176.90 27 Aug 4.34 (+0.37%) Chart, Components, more...
^NZ50 NZSE 50 (New Zealand) 3,121.55 6:31am -1.14 (-0.04%) Chart, Components, more...
^N225 Nikkei 225 (Japan) 10,393.23 7:00am 72.29 (+0.70%) Chart, more...
^NSEI S&P CNX NIFTY (India) 4,820.10 7:39am 37.20 (+0.78%) Chart, more...
^KS11 Seoul Composite (South Korea) 1,619.69 7:02am 11.12 (+0.69%) Chart, Components, more...
000001.SS Shanghai Composite (China) 2,912.25 7:24am 31.13 (+1.08%) Chart, Components, more...
^STI Strait Times (Singapore) 2,640.00 7:24am -3.95 (-0.15%) Chart, Components, more...

 

[Dentalfloss]

going to be dangerous to short this market
bubblemania is back

 

[Dentalfloss]

from Ashraf Laidi

2009.09.08 00:27: W'ere back from vacation that was not market-free. Sterling was not freed of the negative newsflow surrounding the possibility of negative interest rates aimed forcing UK banks to lend money rather than hoarding it. Theres even talk of an additional 25 bln in quantitative easing once the current $50 bln ius used up. Failing to decisively close above $1.64 on Friday was a clear sell sign, and now were heading towards a retest $1.62. USDJPY showed no convincing break above 93 and remains vulnerable to 92.30s. Aussies break 100 pts above the key 0.8470s resistance may have been helped by rallying gold prices and ongoing market expectations that the RBA would be among the first to tighten. While the technical is a vital developments, risk aversion has shown it takes no prisoners in overwhelming high yielding currencies. Ashraf will be guest hosting CNBC Squawk Box this morning from 515am-6am GMT (115am-2 am EDT) and on Bloomberg TV discussing FX & commodities at 10:36 am GMT (6:36 am EDT)

 

[dr.blix]

gute morgen,

asian markets ok, european futures up.

hope everyone has a good day.

 

[fast trader7]

Morning,
gold touching 1000$. It is dangerous to short this crazy market.

Happy Trading

 

[Chelski]

Morning All,

Long Cable 16369.1 @ 6:47. Closed +8 as i went to the gym. Couldn't move stop. Don't like trades open when i am away from the screen.

 

[Chelski]

Anyone catch this?