Secrets of day Trading Methods

Wednesday, January 26, 2011

Mark Austin FTSE Trading Update - 26 Jan 2011

Good morning

We remain short on our spread bet yesterday which is now risk free and with a stop at 5955.

The market showed great promise yesterday with the initial decline but 5900 is holding up for now which is not ideal and is why I took half profits at 5906.  Major resistance lies at 5955. This was previous support and led to a decline below 5900. The greatest concern is we are clipped out and the market then falls back again.

0 comments:

Post a Comment