Secrets of day Trading Methods

Tuesday, July 5, 2011

Mark Austin FTSE Trading Services - 5 July 2011

We saw acceptance above 6000 yesterday and a close above this level strengthens this market even more.  

We await patiently for a short term correction to position long but we cannot be certain this will come immediately. Instead we could see a consolidation period between 5990-6035 for a few more trading sessions. I say this as there will be many traders waiting for this this market to correct now and the longer the market creeps higher the more impatient they will become and eventually close out. It will be at this stage the market will decline and we will use this opportunity to position long.

You can subscribe to this feed and receive free daily trading information by email. To subscribe click here

The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.

0 comments:

Post a Comment