MAGNETIC Trading Report - 31 July 2014

Yesterday we did see a decent sell off come in and there has been clear negative development above 6800. There doesn't seem enough buyers to pin the FTSE above this level therefore the FTSE remains negative below 6825… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 30 July 2014

We have the FOMC meeting today in the US so this could spark a big move later on. Did the FTSE rally end yesterday at 6834 or will we see a final push to 6850? [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 29 July 2014

I am not interested in getting long unless we see 5 min bar acceptance above 6815… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 28 July 2014

The FTSE failed to close above 6800 on Friday which is a negative going into today. If the FTSE fails to hold above 6819 after the open then we could see the FTSE drift back down to 6790-6780. I will be on the look out for sell signals for us if we see this and will update… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 25 July 2014

The market took all the stops out yesterday so we could see gap fill today. If we are trading near 6850 at 4pm I will look for profit taking and will update service subscribers on a potential trade… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 24 July 2014

I am bearish today while we are below 6800 level. While we fail below 6800 i would expect a move down to the gap which could get filled… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 23 July 2014

The FTSE had a strong trending day yesterday so if we do see a strong push above 6800 early on I would expect some of this move to retrace and the market makers push the market back down to attract more buyers… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 22 July 2014

If the FTSE opens above 6754 then we have a reversal day setting up i.e opening above the previous days highs after an down day. This could indicate a short term push up to the 6786 area where we have an unfilled gap… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 21 July 2013

The FTSE has quite a bit of confluence between 6730-6735 this morning and if we see this level hit during the first hour it should attract some buyers [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-

HERE FOR THE FTSE ANNUAL REVIEW AND RESULTS

 

MAGNETIC Report - Friday 18, July 2014

MORNING ANALYSIS
http://screencast.com/t/YsZlUo6qacaF

SELL 6727-6738 . STOP 5 MIN BAR ACCEPTANCE ABOVE 6738. TARGET 6690 FOR 80% AND THE REST FOR 6600 - 2% RISK

MEDIUM TERM FORECAST - NEUTRAL

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MAGNETIC Report - Thursday 17, July 2014

Good morning

Analysis video below - from my trading room

http://screencast.com/t/7Loeu66m

Today's trades are as follows:

SELL BETWEEN 6780 - 6800. STOP 5 MIN BAR ACCEPTANCE ABOVE 6800. TARGET 75% AT 6763 AND THE REST FOR 6700 - 2% RISK

IF WE SEE 5 MIN BAR ACCEPTANCE BELOW 6760 WE CAN LOOK TO GET SHORT AND TARGET 6700 - STOP 5 MIN BAR ACCEPTANCE ABOVE 6800. 1% RISK

ANOTHER POTENTIAL TRADE IS A 5 MIN BAR BREAK DOWN IF WE SEE A FALSE BREAK OF THE BAR TO THE UPSIDE FIRST. I WOULD UPDATE YOU IF THIS IS VALID

MEDIUM TERM FORECAST - A MOVE TO 6700 WHILST WE AVOID 5 MIN BAR ACCEPTANCE ABOVE 6800

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MAGNETIC Report - Wednesday 16, July 2014

Good morning

The FTSE closed below the key break out level at 6734 from Monday so I have a short term sell bias today.

If we do see a pull back over the next few days we could have a very good long trade about to set up....

Trades today are as follows:

SELL A SPIKE UP TOWARDS 6736-6740 - TARGET 6712 FOR 50% AND THE REST FOR 6695. STOP 5 MIN BAR ACCEPTANCE ABOVE 6740. 2% RISK

IF WE SEE A 5 MIN BAR CLOSE BELOW 6720 AFTER THE OPEN GET SHORT AND TARGET 6695. STOP 5 MIN BAR ACCEPTANCE ABOVE 6736. 2% RISK

UNOFFICIALLY TRADE CAN SELL THE OPEN TO TARGET 6711 - STOP ABOVE 6740

MEDIUM TERM FORECAST - A MOVE TO 6680 OR LOWER WHILST WE AVOID 5 MIN BAR ACCEPTANCE ABOVE 6736

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MAGNETIC Report - Monday 14, July 2014

Good morning

We are seeing strong prices this morning in the futures market. Has the correction finished? Well if the FTSE opens above 6700 this and then see 5 min bar acceptance above 6736 then this would confirm selling is over and a strong rally could be coming into play. Likewise a rejection of 6700 just after the open and a drop below 6672 would be indicative that we still have a final move to 6600 on the cards.

Today's trades are as follows:

If the first 5 min bar high is above 6700 we can look to get long on a break above the high. Target 50% for bar length and the rest for 6730.

If we hit 6735 in the first hour we can get short for 8 pips. Stop 10 pips above entry. No valid after the first hour. 2% risk

Non official trade - look to buy 6697 for 15 pips. Stop 10 pips below - 1%

MEDIUM TERM FORECAST - NEUTRAL

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All the best,

Mark Austin

MAGNETIC Trading Report - 18 July 2014

Its expiry on the FTSE today. Yesterday the FTSE just collapsed along with the US. Any negative reaction to news generally gets bought up the next day. I would expect a bit of a bounce this morning… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 17 July 2014

Lots of resistance at 6780/6800. The fact we didnt close above here could indicate we get a bit of a pull back… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 16 July 2014

The FTSE closed below the key break out level at 6734 from Monday so I have a short term sell bias today [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 14 July 2014

We are seeing strong prices this morning in the futures market. Has the correction finished? Well if the FTSE opens above 6700 this and then see 5 min bar acceptance above 6736 then this would confirm selling is over and a strong rally could be coming into play. Likewise a rejection of 6700 just after the open and a drop below 6672 would be indicative that we still have a final move to 6600 on the cards [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 11 July 2014

If we are trading up near 6730 towards 4pm we will look for sell positions into the close. I will update service subscribers later if this is valid… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 10 July 2014

I will be looking for a buy if we see a spike down to 6705 after the open and then we see a recovery back above 6720… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 09 July 2014

A BREAK OF 6735 COULD WELL SEE A DROP TO 6620 THIS WEEK. HOWEVER IF WE DO SEE LOWER PRICES INTO THE 6710-6680 THIS MORNING REGION I WOULD EXPECT A SHORT TERM RECOVERY RALLY… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 07 July 2014

The FTSE has a key level at 6873 and this was the level we used on Friday for some nice sell opportunities. If we do break above here then we are likely to see a new yearly high above 6895 however the smart money is unlikely to buy a new high after an extended rally… [Signup For Mark's Full Trading Plan]

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Mark Austin Trading

UK's Premier Online FTSE Subscription

 

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MAGNETIC Trading Report - 04 July 2014

The short term trend this week has been up and Friday's rarely put in a trend reversal. The FTSE has resistance at 6873 this morning which may cap up side action today. We could well consolidate between 6840 – 6873… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 03 July 2014

We have NFP today so if we get a spike up to 6850-6860 look to sell it. Likewise spikes down to 6780-6770 can be bought. Look to target the price just before the news came out. You will need to work out a suitable stop for yourself. non official… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 02 July 2014

We are in a dead zone at present until we see either a 5 min bar close above 6813 or a 5 min bar close below 6777… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 01 July 2014

Its the first of the month so we could see a short term buy in this morning towards 6770 IF the market holds above 6750.. [Signup For Mark's Full Trading Plan]