MAGNETIC Trading Report - 31 October 2013

Its the last trading day of the month! Following on from my report last night there is a good chance the FTSE has topped if we break below 6740. For now this level is holding after another retest over night [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 30 October 2013

At current levels I want to leave something in this vehicle as a correction to 6620 is due and with FOMC today and end of month tomorrow there is a good chance the correction will start this week [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 29 October 2013

The FTSE is opening flat today and with volatility dropping below acceptable levels there is no easy trades this morning in the short term.   When a market starts to consolidate after a big rally it is really just a period where the market is building energy again.  Are we going to see another major rally from here? Probabilities are stacked against it before we see a correction [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 28 October 2013

The FTSE is gapping up this morning once again. Gaps on Monday are not that attractive but given the over bought conditions we should see 6730 retested [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 25 October 2013

Friday's often do not reverse the trend and with no UP gap to sell we have little opportunities to look at today. 

MAGNETIC Trading Report - 24 October 2013

We are set to open above yesterday's high in the market which was 6680 after closing negative for the day. This is a short term buy signal however the buying may not last long.

MAGNETIC Trading Report - 23 October 2013

The FTSE has pulled back this morning after yesterday's NFP rally. Unless the FTSE breaks below yesterday's low during the first 30 minutes then the morning session is likely to consolidate [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 22 October 2013

We have the NFP report today at 1.30pm which is a first.  With 8 UP days in a row traders may want to take a bit of risk off the table before the jobs reports is released. Therefore I am not keen to get long this morning [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 21 October 2013

I have a seminar today so I can't manage official set ups. The normal service will resume tomorrow.

MAGNETIC Trading Report - 18 October 2013

Its expiry day ! I expect to see 6602 retested this morning... 

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MAGNETIC Trading Report - 17 October 2013

The deal is done in the US albeit until its reviewed early next year. Today the market will be digesting the terms of the deal so we may consolidate and see some profit taking. We also have expiry tomorrow so if today is quiet I would expect a decent move tomorrow [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 16 October 2013

The FTSE is struggling at resistance - 6560 (yesterday's key level) and this is likely to be the case until the American issue is resolved. The stock market has rallied hard over the last few sessions so traders long will be trailing their stops below the previous days low.

MAGNETIC Trading Report - 15 October 2013

No relief from the rally yesterday and the DOW has pushed the FTSE up towards the top of the channel I mentioned yesterday being 6560. I expect some of this big gap up to retrace before we make head way above here.

MAGNETIC Trading Report - 14 October 2013

The FTSE hit our medium term target at 6485 on Friday and stalled. This level is the 50% retracement level from the 19th Sept high to the lows last week on 9th Oct [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 11 October 2013

The FTSE took out 6391 yesterday which was the buy signal the bulls were looking for. We can expect more upside towards 6485 [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 10 October 2013

Today the forecast will turn neutral as a major low could be in if we reclaim ground above 6391. Likewise I am not too keen to take on long exposure whilst we trade below 6391 [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 9 October 2013

Another drop below the MA 200 was a sell signal yesterday and the market smashed through 6375 which we had discussed was on the cards [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 8 October 2013

The FTSE started its decline yesterday but was pushed up in the afternoon session with the DOW rallying on debt ceiling rumours...This was hot air for the FTSE and I expect rallies to be sold until the US debt ceiling is fully resolved [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 7 October 2013

The medium term forecast is now neutral as the market is waiting on the debt ceiling to be resolved. The deadline is the 17th October.  Once this is out the way the price action for the last quarter of year should be good [Signup For Mark's Trading Plan]

Stability and performance analysis in an Uncertain World

Dear traders,

Please find below links to performance data for MFS over a 3.5 year period. 

Performance for FTSE, DOW AND FX

3.5-YEAR-MFS-PERFORMANCE

3.5-YEAR-MFS-PERFORMANCE-1

For 2013, MFS is running on a win rate just under 80%. However the purpose of this email is not to focus on win rates but more importantly to provide you with an overview of our long term approach in the market. In fact win rates are largely irrelevant if you don't have the other supporting pillars in place for your strategy. What the analysis shows is we have a nice consistent income stream coming in from trading over the longer term which is what we want in a business.

Ken is our expert in number crunching and has lots of experience analysing traders. Attached you will see a break down for MFS since inception. What you will see is that for the last year the service has been providing a consistent DKPI number under 10. We also have a favourable risk/reward ratio. The trades recorded via this analysis are just the official service trades and these are trades at a fixed time each day i.e at 8am or just after. What we don't want to be doing is looking at screens all day hunting for a signal and I have mentioned time and time again that over trading will not make you money.

I have also included performance stats for Excelsior our Dow service and our new FX servicewhich you can find on the link below-

EXCELSIOR DOW

MAGNETIC FX **NEW**

PLUS FINAL CALL ON CHALLENGE PROGRAMME - LAST FEW PLACES LEFT ON THE CHALLENGE PROGRAMME. THIS IS THE LAST CHANCE TO WORK WITH ME FOR AWHOLE YEAR AT THIS COST.

CLICK BELOW FOR MORE INFO:

http://www.markaustintrading.com/p/mfs-trading-challenge.html

Mark Austin

MAGNETIC Trading Report - 4 October 2013

There is no NFP report today because of the American government shut down... We are in strange times! 

Yesterday the market was bought up right off the open with big orders from the funds which was expected and today we are set to open below the lows of an UP day [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 3 October 2013

The FTSE failed to close below 6400 yesterday so the bearish picture is not confirmed.  Instead the market took the 21st August lows out and then rallied. So traders long in the market have now been stopped [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 2 October 2013

We have seen a drop below 6385 which was was 21st August market low so all the stops have been taken for the retail market who are positioned long in this market [Signup For Mark's Trading Plan]

MAGNETIC Trading Report - 1 October 2013

In terms of analysis the FTSE is positive in the medium term whilst we avoid an end of day close below 6400. If we do see this then we could see the FTSE break below 6000 over the coming weeks [Signup For Mark's Trading Plan]