Secrets of day Trading Methods

Wednesday, October 27, 2010

Mark Austin FTSE Service Update - 27th Oct 2010

Good morning
 
I expect yesterdays close at 5707 to be retested today. Currently the market is trading at 5665.  I will use this level (5707) as a trade reference.
 
Its possible the trend has turned down however we could do with firm confirmation which would be a move past 5650.  I may therefore look to open a Binary tunnel (last night closing level on the FTSE). Remember with the tunnel trade we can benefit either direction.

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