Mark Austin FTSE Trading Summary - 24rd Sept 2010

Dear all

  

Yesterday I sold the FTSE at 5586. Stop 5600. Half profit target 5560. The remaining trade was closed out at 5485.

  

The reasons were outlined on this mornings email highlighting the weak price action just above 5600 and the weak volume that has been associated with this rally.  I also had another POM signal to give me my entry point.  

 

My exit was down to the Inverted head and shoulders pattern which recently broke out at 5477. This is acting as strong support for now.

To get access to the complete email as well as my trading opportunities you can sign up here www.markaustintrading.com