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

[RennieAMR]

Short FTSE. Tight stop!

That didn't last long.

 

[Geofract]

Daily FTSE chart- volume up slghtly apparently.

 

[SuperDriveGuy]

Thanks Geofract and RennieAMR.

Quite an insight for me. I will revisit the WS recomended link you posted.

Regards

 

[Geofract]

Rio Daily... price up, volume trend down... divergent me thinks. pin bar formed on daily too.

 

[Geofract]

Barc daily. a couple of volume spikes a few days ago, kicked of the current uptrend. price close to 211, 38.2 fib. Volume trend now appears to be down.

 

[Geofract]

If anyone would like too see daily volumes for other securities, just shout - but for now I'll leave it with Rio and Barc...

 

[romzilla]

Thank you for the hard days work Maybe some predictions what awaits us tomorrow??

 

[dawntrader1]

If anyone would like too see daily volumes for other securities, just shout - but for now I'll leave it with Rio and Barc...

thanks Geo most useful

 

[N Rothschild]

*** me some of you lot need a real lesson in drawing trend lines..

 

[wallstreet1928]

Barc daily. a couple of volume spikes a few days ago, kicked of the current uptrend. price close to 211, 38.2 fib. Volume trend now appears to be down.

thank you very much geofract

much appreciated

I shorted barclays at 197 before the close so it shoudl be interesting considering the sell off in financials we have just had

Liverpool V chelsea on at present ...cracking game!!

 

[Geofract]

Thank you for the hard days work Maybe some predictions what awaits us tomorrow??

My gut instinct is the market will get hammered down tommorow! Can 3940 hold??? it's been tested a lot today for sure. If it doesn't hold, next target is 3890 - 3900 I think. All in my humble opinion of course, and I am a confirmed newbie!

As the great and the good say, 'Trade what you see, not what you think'

Have a good evening everyone.

 

[wallstreet1928]

*** me some of you lot need a real lesson in drawing trend lines..

be gentle

take it easy genics my friend , we do have a lot of Newbies on this forum hence the title

I am a rookie too, so take it easy on me as well my friend

 

[Geofract]

*** me some of you lot need a real lesson in drawing trend lines..

he he - if that was aimed at the FTSE chart, well, the main channel goes back some time, hence it looking lke the TA lines are in the wrong place!

OK??

 

[N Rothschild]

if your a rookie to tho they gona pick up any bad habbits you have if they are follwing you, get me? no offense intended trying to be helpfull

 

[dawntrader1]

thank you very much geofract

much appreciated

Liverpool V chelsea on at present ...cracking game!!

if only .......we had a chance but now its become impossible

correction 1 more needed pleeeeeeeeeeeeeessssssssss!!

sorry need to shout somewhere , dont mean to annoy anyone

 

[Geofract]

*** me some of you lot need a real lesson in drawing trend lines..

Well that doesn't sound like a helpful comment - why don't you just make your point, without being a ***

Anyway, lets move on - to avoid confusion, daily FT chart, 2 years, showing down channel.

 

[N Rothschild]

ok is this helpful, the lower major trend line is not a trend line..

 

[Dentalfloss]

there is a minor support area at 835-837 area.otherwise looking very bearish.there is a downside vertical count that takes it down to the 805 support area
5 min data.box size is 1.7 points,by 3 reversal ie 5 points needed for it to reverse columns
we did get that retracement into the 845 bear zone ,then it got shorted

 

[Dentalfloss]

ftse showing similar characteristics.the column arrowed gives a vertical count to 3750 region
5 min data...9 point box size by 3 reversal

 

[Dentalfloss]

nas 100 looks the same
vertical count is back in the major support area