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

[blade7]

sold also at 4047 but with stop at 4053.

if you dont mind me asking, whats your thinking behind a 25pt stop.

Note: I sold this morning at 4109, at 4060, trailed stop to 4075 and got stopped out for 34pt profit. So in that case, a 25pt stop would have been great as would have kept me in the trade, but I normally use a 15pt one and got hit

Cheers

sold FTSE again at 4047.8....25 point stop again

 

[blade7]

Closed out at 4042 as dont like the way the market is moving...
Will stay out until it breaks range above 4052 .. or below 4034.

sold also at 4047 but with stop at 4053.

if you dont mind me asking, whats your thinking behind a 25pt stop.

Note: I sold this morning at 4109, at 4060, trailed stop to 4075 and got stopped out for 34pt profit. So in that case, a 25pt stop would have been great as would have kept me in the trade, but I normally use a 15pt one and got hit

Cheers

 

[rezadamus]

sold also at 4047 but with stop at 4053.

if you dont mind me asking, whats your thinking behind a 25pt stop.

Note: I sold this morning at 4109, at 4060, trailed stop to 4075 and got stopped out for 34pt profit. So in that case, a 25pt stop would have been great as would have kept me in the trade, but I normally use a 15pt one and got hit

Cheers

Hi-It's the maximum I am prepared to lose on a single trade. As you have probably guessed I have a very bearish view at the moment. I wouldn't risk more than 2% of my trading capital on a single trade.

 

[dr.blix]

Closed out at 4042 as dont like the way the market is moving...
Will stay out until it breaks range above 4052 .. or below 4034.

makes sense blade, 10 showed a key reversal at 11.00 that didn't materialise.

bullish oscillator divergence in this 4040/4053 range though.

 

[dr.blix]

long 4053, target 4065.

closed 4051 down 2 points.

i think i'll go and work on my robotic boxing glove again.

 

[rezadamus]

long 4053, target 4065.

closed 4051 down 2 points.

i think i'll go and work on my robotic boxing glove again.

how wide was your stop level?

 

[dr.blix]

just mental stops really as i've reverted to paper trading these past few days.

only going to get back into using cash when i have a high enough success average.

 

[rezadamus]

ok- all my positions are closed..I got stopped out on one of them (bit annoyed at that- first trade that I have made a loos on for 2 weeks!!!!), but here is a summary of all my traders from today:

short ftse @ 4054.2 closed 4043.3..+10.9 points profit
short ftse @ 4052.3 closed 4039.8..+12.5 points profit
short ftse @ 4038.8 closed 4063.8..-25 points LOSS
short ftse @ 4047.5 closed 4033.0..+14.5 points profit (wish I'd left open!!!)
short ftse @ 4046.8 closed 4033.0..+13.8 points profit (wish I'd left open!!!)
short ftse @ 4047.8 closed 4033.0..+10.9 points profit ( wish I'd left open!!!)

Daily P&L= +41.5 points...still holding my bearish view and will short again when I see retracement of the fall we are seeing now!

 

[rezadamus]

shorted ftse again at 4011.3 (small position) - 25 point stop again...not confindent of this one, but we'll see what happens...going to pop out for a bit

 

[dawntrader1]

shorted ftse again at 4011.3 - 25 point stop again...not confindent of this one, but we'll see what happens...going to pop out for a bit

done the opposite looking for 10 points

 

[rezadamus]

done the opposite looking for 10 points

You'll probably get it-

 

[rezadamus]

sold ftse again at 4014.8 25 point stop (medium sized)

 

[dawntrader1]

You'll probably get it-

sure did ... think i should quit for the day . getting a little nervous today for some reason....mind over matter

 

[rezadamus]

sorry for the late post guys (he says )...but I actually did put a trade on at 4030 around 10 mins ago...25 point stop (not sure why I posted it now but there u go)

 

[SuddenDeath]

I got something right

FTSE100 appears to be extremely bullish, on Monday I expect a down move of 60 to 80 points, creating excellent entry for longs. IMHO

I posted this yesterday .

 

[rezadamus]

sure did ... think i should quit for the day . getting a little nervous today for some reason....mind over matter

good stuff! looks like u caught the retracement.. i used you do tht a lot, but stopped when i started to make losses :|

 

[dawntrader1]

I posted this yesterday .

good call !! i did actually consider your remarks with todays trades.

 

[SuddenDeath]

Thanks , dawntrader1

 

[rezadamus]

sorry for the late post guys (he says )...but I actually did put a trade on at 4030 around 10 mins ago...25 point stop (not sure why I posted it now but there u go)

That was a nice drop, closed my shorts at 3999.5...went short at the following levels 4030, 4011.3 and 4014.8..P&L = +57.6 points..

Daily P&L 41.5 (from earlier)+ 57.6= +99.1 points...I think I'll call it a day!

 

[dawntrader1]

That was a nice drop, closed my shorts at 3999.5...went short at the following levels 4030, 4011.3 and 4014.8..P&L = +57.6 points..

Daily P&L 41.5 (from earlier)+ 57.6= +99.1 points...I think I'll call it a day!

well done!!