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

[Manya1983]

Anyone interested in shorting oil at $70?

Historical resistance and a 50% fib retractment? 6th Aug hig to 25th Sep low.

 

[Weighbridge]

Anyone interested in shorting oil at $70?

Historical resistance and a 50% fib retractment? 6th Aug hig to 25th Sep low.

I was looking for a short if it bounced off the top of its channel, but it hovered for a bit and now looks to be breaking out. Going to leave it myself and see what it does at 7360 (nov contract).

 

[wallstreet1928]

i have sold my sp500 and nasdaq position

the market is exhausted

Dollar will have an oversold bounce here

lo and behold dollar bounces , oil sells off .........nice short!!

I will look to buy this sell off soon

 

[wallstreet1928]

DAX is the weakest out of all the Indices I have short on it at present ...

closed for 15 pioints profit

I have bought Nasdaq @ 1725

 

[Dentalfloss]

ws.ft saying asian central banks supporting the dollar

 

[wallstreet1928]

ws.ft saying asian central banks supporting the dollar

its the arabs .........

they own america my friend, whenever everything goes belly up they pump all those petro dollars

you should watch Michael Moores documentary

 

[Trader1UK]

its the arabs .........

they own america my friend, whenever everything goes belly up they pump all those petro dollars

you should watch Michael Moores documentary

Absolutely WS,
Over 60% of the US and UK is run by Arab Money...

 

[Da.DesiTrader]

Guys, a quick question. Am I the only one who gets confused with bull/bear flags and h&s. Looks like a h&s could have bull and bear flag built into it.

FTSE at the moment, over the past week, looks like h&s, wich mini bull and bear flags in it. Any method that you use to seperate one from the other?

 

[Trader1UK]

Guys, a quick question. Am I the only one who gets confused with bull/bear flags and h&s. Looks like a h&s could have bull and bear flag built into it.

FTSE at the moment, over the past week, looks like h&s, wich mini bull and bear flags in it. Any method that you use to seperate one from the other?

Yes DDT,
Bull and bear flags can appear in a H&S formation. As for gettin confused with bear n bull flags, its easily done, better to study some bear and bull flag patters, good sources available onthe net just google them.

 

[SabreTT]

mini bull

is easily squished, its all got to be weighed up and the smaller signals are a revolving door for entry and possible quick exit sooner after.
I dont really look for flags, heads or teacups for that matter but Ive found a double touch or trading channel is quite often true to form and worth a gamble.
pivot levels work also and fib apparently shows something but I dont calc it myself but its probably useful over longer term periods if only to gauge a feel for the move like fib levels for 2007 peak to the march bottom I wouldnt ignore

 

[Dentalfloss]

euro.could be forming a mini top
needs to stay above 1.4760 area
downside count will get activated below 1.4760.4730 area on the spot market
anybody agree..??
1 min data points

 

[Dentalfloss]

nas 100
mini top forming.a break below 1715 activates the downside target
1 min data

 

[Dentalfloss]

s500.showing the same
1 min data

 

[Trader1UK]

Thankyou Dentist..

 

[Da.DesiTrader]

Morning everyone.

 

[wallstreet1928]

FTSE support levels at Benzinga

UK FTSE 100 Daily Analysis and Key Levels For 9th Oct 2009 | Benzinga.com

 

[wallstreet1928]

latest FSTE chart ......

Looking good at present but coming into resistance now .........

i am now shorting this market

 

[Da.DesiTrader]

FTSE short at 5156, Stop loss 5185. Target 5125

 

[wallstreet1928]

only sector alive today is banking sector

once it succumbs to sell off then market will sell off

.....

 

[wallstreet1928]

I have taken 2/3 at 20 MA ..........which is 5148 = 50% taking low to high of today

last 1/3 break even