Secrets of day Trading Methods

Thursday, July 5, 2012

FTSE Trading Report - 5 July 2012

5700 remains a key level for selling this market however after multiple retests at this area I would avoid opening further sell trades if we trade through this level (5700) and hold above once again. As long as the market stays below 5700 we should see profit taking towards #### (CLIENTS ONLY before the Non Farm Payrolls tomorrow. It should be noted that there is a raft of economic releases today which means we will have a news driven day. I am not keen on news driven days as systems and analysis are compromised. I will be more forthcoming with trades on Monday once we get all the news releases out the way. 


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