MAGNETIC Trading Report - 30 June 2014

The FTSE rallied to 6766 on Friday which was also the 7th May low which retraced quickly. If the FTSE struggles to trade above here after 8am then further selling is likely. Likewise if we hold above above 6766 after the open and break above 6778 then a rally to 6800 is on the cards [Signup For Mark's Full Trading Plan]

FTSE ANNUAL REVIEW AND RESULTS - OVER 100%

FTSE ANNUAL REVIEW AND RESULTS - OVER 100%

Mark Austin Trading

UK's Premier Online FTSE Subscription

 

Dear traders

Please find the yearly review on my FTSE service.

A few things to cover:

The results are independently verified and externally drawn up by Dr. Ken Rawlings.

You will notice the amount of pips has reduced over the year compared to previous years however this is all linked to volatility reducing in the market. This has had little impact on the performance return as the relative stop size has also been reduced. If you are new to trading do not get sucked into looking at performance in terms of pips accumulated. It means nothing. The important factor is what % have you made on your money and what is the relative risk taken.

Draw downs continue to be extremely low and this has been the case over the 4 years of running this service. The trade strategy remains low risk and if we do have a bad month the loses are kept minimal.

Consistency - the strategy works in all market conditions.

I have attached the effect on a 10k account and you will see that by following all the official trades you would have doubled your account in less than a year.

The results are only linked to official trades. If you are on my service you will know I also dish out many unofficial trades which also have a decent win rate.

The primary purpose of the service remains educational.

PRO TRADER PROGRAMME UPDATE - I run this with Cameron Malik and John Piper and we now have a large number of successful clients producing income levels ranging from 4kGBP - 15kGBP each month. We have started to produce client interviews to inspire traders and we will have a number of new success stories to share with you over the coming months. We will add that all the clients in mention have been working very hard to get to where they are and we are extremely proud of their progress. This proves our trading strategies can be duplicated and what we do works! This is rare in this industry.......

PREVIOUS SUCCESS STORIES TO INSPIRE YOU

http://www.markaustintrading.com/p/damon.html

FTSE SERVICE YEARLY PERFORMANCE

FTSE 100 TRADES EFFECT ON THE VALUE ON THE VALUE OF A 10K ACCOUNT

FTSE DK ANNUAL

All the best,

Mark Austin

MAGNETIC Trading Report - 27 June 2014

The FTSE hit our target yesterday at 6700 and had the expecting bounce to the upside. The trend has been down this week so i don't expect to see a trend reversal today… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 26 June 2014

I am expecting more selling this week and most likely below 6700 however today we could see a brief move to the upside to attract more sellers after 3 down days… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 25 June 2014

We still have a small short position running from yesterday and this should be closed near 6700.

In terms of trading today the short term trend is still down so sell positions are still favoured [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 24 June 2014

6820 was our sell signal yesterday and you will see on yesterday's price action we have failed to climb back above here. Whilst we avoid 5 min bar acceptance back above 6825 I remain bearish with 6770 as a short term target… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 23 June 2014

On Friday we saw an early 5 min bar close above 6808 which indicated a move to 6850 as per the report. The high on Friday was 6840 and then we saw profit taking in the last half an hour of trade with traders removing risk before the weekend (this was a trade we did in the live trading room with success). The profit taking into the end of the session is an indication that the smart money is losing its risk appetite at current levels. A big correction could be looming. As its a Monday following expiry we could well see a sell signal this morning [Signup For Mark's Full Trading Plan]

Magnetic FTSE Trading Week Summary

Magnetic FTSE Trading Week Summary

Mark Austin Trading

UK's Premier Online FTSE Subscription

 

Dear traders

Please find below a summary of this weeks trading for your perusal-

MAGNETIC Report - Friday 20, June 2014

Its triple witching day for the FTSE. This is when futures and options expire on the index. The event occurs between 10.10am - 10.20am. We can often see sharp spikes to the upside or downside.

Overall I am still expecting the FTSE to continue selling off and I would expect to see 6700 before we see new highs in this market above 6895. There are far too many bulls in the market right now which supports a larger correction is on its way.

During expiry between 10.10am-10.20 traders can look to sell any spikes up to 6840 - 6850 or buy any spikes down to 6775. Look to target the 10.10am price what ever that may be. Stop 5 min bar acceptance above 6850 or below 6775. Experienced traders can also look to fade any spikes greater than 25 pips back to the point of origin (i.e where the expiry spike started from)

I am looking out for a decent sell signal for you. Early on if we 5 min bar closes below 6808 this would indicate a move to 6775 early on...

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MAGNETIC Report - Thursday 19, June 2014

The first trade is to sell FTSE between 6825-6830 - target 6811. stop 5 min bar acceptance above 6830. Not valid if 6811 is seen first.

The second trade is to buy the FTSE at 6800...

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MAGNETIC Report - Wednesday 18, June 2014

Its a key day in the US markets today with the FOMC meeting and this will have a big effect on the FTSE as well. Either the decline we have been expecting from the upper 6800 levels is now over or we will a final push down to 6700-6680 this evening after the meeting.

A link to major economic news is here

http://www.dailyfx.com/calendar

The FTSE is now positive above 6745 however we do have major resistance at 6800 and unless we see 5 min bar acceptance above here i expect more consolidation before the announcement.

The MAGNET today is 6776...

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MAGNETIC Report - Tuesday 17, June 2014

The FTSE declined to the 38% Fib yesterday and had a near perfect reaction to the upside. The bounce to the upside will either remain below 6877 or we will see an attempt at 6800. At this stage I favor more downside towards 6700 before we see price regain ground above 6800. Don't forget we we have the FOMC meeting tomorrow so this could spark a big reaction in the market.

In term of trading today:

If the market hits 6800-6803 we can get short for 10 pips. The stop would be 15 pips above entry and try and leave 25% to run for 6710. Official...

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MAGNETIC Report - Monday 16, June 2014

A weekly close below 6800 was bearish for the FTSE on Friday so opening lower today is of no surprise.

The closing gap at 6777 should fill today so if the FTSE falls to 6745 before reaching this level we can look to get long. Target 10 pips for 50% and leave the rest for 6777. The stop is 6727. If 6777 is hit first the trade is not valid. Half stakes

If the FTSE does reach 6777 just after the open then we can look to take a downward break...

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All the best,

Mark Austin

MAGNETIC Trading Report - 20 June 2014

Its triple witching day for the FTSE. This is when futures and options expire on the index. The event occurs between 10.10am - 10.20am.  We can often see sharp spikes to the upside or downside [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 18 June 2014

Its a key day in the US markets today with the FOMC meeting and this will have a big effect on the FTSE as well. Either the decline we have been expecting from the upper 6800 levels is now over or we will a final push down… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 17 June 2014

The FTSE declined to the 38% Fib yesterday and had a near perfect reaction to the upside. The bounce to the upside will either remain below 6877 or we will see an attempt at 6800 [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 16 June 2014

A weekly close below 6800 was bearish for the FTSE on Friday so opening lower today is of no surprise [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 13 June 2014

The FTSE short term trend has been down this week and its unusual to see the trend reverse on a Friday [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 12 June 2014

The FTSE saw 5 min bar acceptance below 6840 which is a negative for the FTSE. We have not see 5 min bar acceptance back above 6840 for now in cash hours… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 11 June 2014

We saw a false break below 6840 yesterday so unless we see 5 min bar acceptance below 6840 the FTSE bulls have the upper hand here with 6900-6940 as targets… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 10 June 2014

The FTSE has a negative bias today if we open below yesterday low at 6857. So watch out for that at the open… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 9 June 2014

The FTSE is marked up higher this morning and 6870 is key resistance. If we see 5 min bar acceptance above this level then a rally to 6920-6950 is likely to be seen this week and traders can look to buy dips… [Signup For Mark's Full Trading Plan]

Magnetic FTSE Trading Week Summary

Dear traders

Please find below a summary of this weeks trading for your perusal-

MAGNETIC Report - Friday 06, June 2014

Its NFP day. If the news if taken positive we could get a rally to 6860. If negative expect 6792 to break and a large sell off to come in.

Trades today are:

Sell towards 6855-6860 if the GAP at 6813 is not filled prior to this. Stop is 5 min bar acceptance above 6870...

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MAGNETIC Report - Thursday 05, June 2014

Lots of key news today so the FTSE could well consolidate between 6800 and 6840 before this out.

Most of the news is likely to be priced in so we could see any rallies sold off over the next few days. I don't expect much upside above 6870 before we see 6760.

Today's trade ideas are as follows:

Sell a spike up to the 6840/6845 region for 10 pips if seen this morning (i.e before the news). Stop 15 pips above.

If we see 5 min bar acceptance below 6800 get short...

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MAGNETIC Report - Wednesday 04, June 2014

The FTSE closed right on that key level yesterday at 6836 however if you take the 5.5 dividend off we actually closed below. Whilst we trade below 6840/6845 this morning we could see a sell off towards 6810. If we see 6800 then this is worth a buy first time round for 10 pips. Stop 15 pips below entry...

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MAGNETIC Report - Tuesday 03, June 2014

If the FTSE opens below 6850 today this is a negative and a subsequent break below 6830 would confirm more selling towards 6750.

An open above 6850 and we should see gap close at 6864.

We avoided 5 min bar acceptance above 6870 yesterday. Only 5 min bar acceptance back above this level will confirm further buying in this market into the 6900 range.

I will see the open and update if there is a trade worth going for...

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MAGNETIC Report - Monday 02, June 2014

Its the first of the month so we could see a short buy in this morning.

Traders can look to go long above 6870 for 10 -15 pips just after the open. The stop would be a 5 min bar close below 6870. Don't buy below 6870 as 6870 is key resistance. Half stakes

Like wise if the FTSE fails to hold above 6870 after the open this is a negative today...

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All the best,

Mark

MAGNETIC Trading Report - 6 June 2014

Its NFP day.  If the news if taken positive we could get a rally to 6860.  If negative expect 6792 to break and a large sell off to come in… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 5 June 2014

Lots of key news today so the FTSE could well consolidate between 6800 and 6840 before this out.  

Most of the news is likely to be priced in so we could see any rallies sold off over the next few days. I don't expect much upside above 6870 before we see 6760 [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 4 June 2014

The FTSE closed right on that key level yesterday at 6836 however if you take the 5.5 dividend off we actually closed below.  Whilst we trade below 6840/6845 this morning we could see a sell off [Signup For Mark's Full Trading Plan]

MAGNETIC FTSE Report - 03 June 2014

If the FTSE opens below 6850 today this is a negative and a subsequent break below 6830 would confirm more selling towards 6750… [Signup For Mark's Full Trading Plan]

Magnetic FTSE Trading Week Summary

Dear traders

Please find below a summary of this weeks trading for your perusal-

MAGNETIC Report - Friday 30, May 2014

Its the last trading day of the month so we could well see some profit taking come into this market at some stage if the FTSE remains below 6895.

If the FTSE holds above 6870 this morning we could see the market push up towards 6890 where the market is worth shorting first time round for 10-15 pips. Stop is above 6900. non official

If the FTSE is trading near its highs in the last hour of trade I will update on sell opportunities which will be in anticipation of profit taking going into the end of the month.

If the last 5 minutes of any sell off into the close (4.30) is extreme...

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MAGNETIC Report - Thursday 29, May 2014

No real change to my analysis from yesterday. The medium term forecast remains the same. i.e sell rallies whilst 6825 remains unfilled.

This morning 6840-38 is again a key level - if we avoid 5 min bar acceptance below this level then expect higher prices towards 6865-6870. Acceptance below is a negative and will support a move to 6750.

6868 if seen is worth a short first time round for 10-15 points...

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MAGNETIC Report - Wednesday 28, May 2014

The key level today is 6840. Whilst above here the FTSE could climb back towards 6870 however any rallies at this stage are likely to be short lived. 5 min bar acceptance below this level (6840) is negative and we are likely to see 6825 and then 6780 if seen. Trade ideas are as follows:

Yesterday's gaps did not fill so today's should fill at 6844. If we see a spike up at 8am we can go short and target this. Stop would be 5 min bar acceptance above 6870. If 6844 is filled after 8am prior to any spike up then the trade is not valid.

Look to buy 6840-6844 just after the open for 10 -15 pips. The stop would be a 5 min bar closing below 6840.

I am expecting to see 6825 in the next few days...

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MAGNETIC Report - Tuesday 27, May 2014

The FTSE is gapping up higher this morning after a strong DAX session yesterday.

In terms of the gap filling at 6825, if the market is going to target this then the FTSE needs to fall straight away and not look back. If we open at 8am and start to build above 6840 then the gap at 6825 may not fill early on. Therefore if you sell the open then your stop is price holding back above 6840 after the open. non official.

The FTSE is worth selling at 6858 if we reach this level in the first hour of trade. Look for 10- 15 pips or profit. Stop 15 pips above entry. official

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All the best,

Mark Austin