Secrets of day Trading Methods

Wednesday, March 9, 2011

Mark Austin FTSE Trading Update - 9 March 2011

Dear all

This morning we bought the FTSE binary one touch 5910 at a price of 28.  If we are buying we are risking 28 points to make 72 points as binaries ranges between 0-100. 

Attached is a chart of the FTSE showing a clear triangle forming with a break out pending.  This morning I was looking at the early break from the 1st 10 minute bar.  This actually broke to the downside and I was expecting momentum to pick up quickly.  Instead the market paused at 5935 which you will see from the chart is the bottom of the triangle.  At this point I closed the trade at 44 for a small profit.

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