MAGNETIC Trading Report - 31 October 2014

The FTSE sold off yesterday as we saw acceptance below 6444 giving way to the target at 6416 however you will notice that the FTSE just failed to break below 6370 which was the confirmation signal to confirm a sell off…  [Signup For The Full Analysis] 

MAGNETIC Trading Report - 30 October 2014

Today the FTSE has confluence at 6444. This was the previous high in the market and its also where the pivot point is lying today. Therefore the bears need price action below here and quickly if the trend is to turn down… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 27 October 2014

We should see a retest of 6420-6410 after the open.  After this if price accepts above 6410 then longs are favoured. Likewise acceptance below 6410 would be a negative… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 23 October 2014

In summary we want to watch the first open action and whether price accepts back above 6372 or not.  The FTSE is still very much in a downtrend so selling this market is the still preferred option.

MAGNETIC Trading Report - 22 October 2014

Potential buy the dip if the FTSE holds its gap after the open and we see acceptance above here. The gap is at 6372…  [Signup For The Full Analysis] 

Magnetic FTSE Trading Weekly Performance Summary

Magnetic FTSE Trading Weekly Performance Summary

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MAGNETIC Trading Report - 17 October 2014

The FTSE declined towards our target at 6100 yesterday and we duly received a buy signal which we are currently long on from 6134.

Today we have expiry between 10.10am-10.20  and experienced traders can also look to fade any spikes back to the point of origin. I will try and send a trade to service subscribers alert out if seen… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 16 October 2014

No clear trades this morning however I will watch the first 30 mins of action and subscribers with a trade if seen. What i will say is that if we don't see a strong buy in during the first 5 minutes (20 pips or more) then a retest of 6200 is likely. Tomorrow we have expiry and that should be a good trading day… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 15 October 2014

Yesterday I mentioned we have key resistance at 6442 on the FTSE. If we did get up to this level today, I would be looking for a reversal for 15-20 pips. We have an unfilled extreme gap at 6425.  If we get acceptance below 6350 we are heading back down again… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 14 October 2014

We had a bounce yesterday however the FTSE is still in a major down trend. 6440 is a key level and whilst we are below here the FTSE is negative in the short term... [Signup For The Full Analysis] 

MAGNETIC Trading Report - 13 October 2014

The US markets closed below the MA 200 on Friday, I mentioned before if we saw that we would be entering into a bear market.  The FTSE looks well underway.  We are really oversold now and the FTSE is continuing to sell off.  We have a nice confluence level 6100…  [Signup For The Full Analysis] 

MAGNETIC Trading Report - 10 October 2014

Overnight the FTSE has come off and we have seen a 200 point move in less than 24 hours, I would expect a bit of a bounce. We are a little oversold at the moment trading around 6360. In terms of shorting this market again if I see a strong signal I will get us short again… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 09 October 2014

I would expect 50% of the distance between the open price and 6503 to fill after 8am. 

If we see acceptance above 6500 which is likely then we can look for a some longs today. I will update service sunscribers if we get a signal… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 07 October 2014

Yesterday, the key level was Fridays high in the market which was 6543. 

In yesterdays report I said, if we get acceptance above this level then we were likely to see a move to 6570-6700. We have seen this move now.

In summary acceptance below 6520 will confirm a move to 6410. 6570 remains key resistance...  [Signup For The Full Analysis] 

MAGNETIC Trading Report - 6 October 2014

In summary if the FTSE opens above Fridays highs at 6543 and rejects this level quickly and we subsequently see acceptance below 6543 then the FTSE short term rally is likely.

Likewise acceptance above 6543 would indicate a possible extension of Friday's rally…  [Signup For The Full Analysis] 

MAGNETIC Trading Report - 03 October 2014

The FTSE closed on its lows yesterday on over sold conditions. If an index closes on it lows it means everyone has sold so a bounce higher today is no surprise. That said it is a Friday (trend rarely reverses on a Friday morning before major news) and we have NFP news later on so we could well see 50% of the gap fill…  [Signup For The Full Analysis] 

MAGNETIC Trading Report - 02 October 2014

The gap is good to buy for at the open.  I will also be looking for reversal signals to get short from 6566-6590 to target the open price what ever that may be. I will update service subscribers on this if seen… [Signup For The Full Analysis] 

MAGNETIC Trading Report - 01 October 2014

It's the beginning of the month today and volatility has picked up, we could see quicker action for October. 6600 is a key level and there is support at 6570-6550. At these levels I would expect the market to get a bit oversold... [Signup For The Full Analysis]