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

[wallstreet1928]

Dawn till Dusk

DAX ...........interesting

we have 3 Lower high's

bearish formation for me .............look to short to 5440 level

 

[wallstreet1928]

NIkkei ........not exactly bullish

support @ 10200 never the less

 

[wallstreet1928]

very hard to forecast this animal

Shanghai Index

but its put in a higher High which is good - looks bullsih

 

[wallstreet1928]

double bottom oil proved to be true

I will be buying on pull back next target $73 region

my only concern is 61.8% retrace = $72

so stops = break even as soon as it gets to that area folks

 

[wallstreet1928]

Nasdaq

It seems to have stalled here, I am surprised with overall strength of the market nasdaq hasn't pushed higher from here????

any explanation or alternative views folks

 

[wallstreet1928]

FTSE - bias on downside

Wednesday = stop loss hunting day

next target 4900 prev support - resistance - 4890 gap fill level

strategy for Wednesday

4930 key level

> 4930 ......... long to 4960 - 4980

< 4930 ......... short to 4900 - 4890 if they go stop loss hunting

I will certainly be a buyer @ 4890 level ............target 5000

 

[wallstreet1928]

Marks and Sparks

Interesting ..........

350 make or break ............

testing resistance 3rd time

it sure did break

good 6% RETURN ....but this stock has more to go

I will be a buyer of pull backs

 

[wallstreet1928]

is this creeping up to 360

 

[wallstreet1928]

barclays - not joining in on the rally

 

[london_lad]

EUR/USD Orders:
Sell Stop at 1.4470 and Buy stop at 1.4425 (target 50 pips / SL 20 pips) - delete if one gets executed.

What do you guys think?

 

[wallstreet1928]

U.K. slips below Montenegro in economic league: The impacts of recession, the near collapse of the financial system and the parlous state of the public finances have pushed the U.K. down the international league table for competitiveness, according to a new authoritative survey.

 

[lapalabra]

EUR/USD Orders:
Sell Stop at 1.4470 and Buy stop at 1.4425 (target 50 pips / SL 20 pips) - delete if one gets executed.

What do you guys think?

What happens if a b/o hits one, retraces and hits your other order, then comes back and heads in the initial direction?

I remember doing exactly these 'straddle trades' (or 'bracket trades' some call them) when trying to work out a breakout strategy on forex. It may work in this instance, but over time I do not think this is the best strategy in trying to benefit from a breakout from the range. You only need one day of a succession of losses and a low ranging day to put a deep hole in your returns for this kind of trade.

Ask yourself what price would have to do in order to confirm a move in one direction is the direction it is taking, and don't worry about having to get in too early at the beginning.

 

[wallstreet1928]

Dawn till Dusk

DAX ...........interesting

we have 3 Lower high's

bearish formation for me .............look to short to 5440 level

stop loss amended to break even

target as stated in analysis

 

[Chelski]

$E possible breakout here. watch for confirmation.

Short 14476

 

[wallstreet1928]

stop loss hit B/E on DAX ........it was dying to fill the gap

I am short DAX again 5474 ..stop loss 5500

target 5440-5450

 

[wallstreet1928]

EUR/USD Orders:
Sell Stop at 1.4470 and Buy stop at 1.4425 (target 50 pips / SL 20 pips) - delete if one gets executed.

What do you guys think?

prev resistance =support @ 1.4430

not a bad trade

 

[wallstreet1928]

stop loss hit B/E on DAX ........it was dying to fill the gap

I am short DAX again 5474 ..stop loss 5500

target 5440-5450

amend to B/E

lets see if it works this time

it really is hard work shorting this market

I'm always in 10-20 points profit and it just reverses to B/E

currencies are on my side this time around

Arrrrr......

 

[wallstreet1928]

Watch out for the new breed of Thief - The COPPER PIPE BURGLAR

He is currently long on copper....Haha...



"The three-month London Metals Exchange copper contract was at $6,440 per ton, down $15 from the London kerb after rising to near 2008 highs on Tuesday. LME lead was at $2,460 per ton, up $5.

Speculative flows into base metals were making fundamental and technical analysis of prices somewhat irrelevant at the moment, said John Gross, publisher of The Copper Journal. "Sure, our economy seems to be recovering, and the global outlook is turning more positive as well, but we are still a long way off from seeing levels of demand that lend logical support to current prices," he said. Still, "the market has been in overbought territory for some time now, but it is apparent that this technical aspect, among others has taken a back seat to the sheer weight of money."

 

[wallstreet1928]

stop loss hit B/E on DAX ........it was dying to fill the gap

I am short DAX again 5474 ..stop loss 5500

target 5440-5450

target hit .............23 points profit

potential double bottom forming here chaps

 

[Chelski]

Closed $E +0.5!! they all count. Looks like fakeout, possible reverse.