We have 2 unfilled UP gaps in a row for the FTSE so if we open above 6313 today we should see the FTSE retrace [Read the full report]
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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Wednesday, April 10, 2013
Tuesday, April 9, 2013
FTSE Trading Report - 9 April 2013
Wave 4 is still in progress and we await for wave 5 to commence down (see attached chart). A break below (Clients Only) would confirm wave 5 is underway [Read the full report]
Monday, April 8, 2013
FTSE Trading Report - 8 April 2013
Our April sell off target at 6220 was achieved on Friday and earlier than I thought. The target coinsides with support from the 7th February. I have attached (clients only) the wave count we can expect to see over the coming sessions. Wave 3 ended at 6214 on Friday and the bounce higher is wave 4 up [Read the full report]
Friday, April 5, 2013
FTSE Trading Report - 5 April 2013
A clear move through 6416 yesterday which was the sell trigger for the day and one we discussed. Right now the FTSE is negative whilst we avoid trade activity above 6500. There is lots of uncertainty in the markets at present with Korea, Cyprus etc [Read the full report]
Thursday, April 4, 2013
FTSE Trading Report - 4 April 2013
Back through 6432 we went yesterday and closed below this level. The indecisive price action indicates the smart money is not participating on Tuesday's break back above 6432 [Read the full report]
Wednesday, April 3, 2013
FTSE Trading Report - 3 April 2013
The FTSE blasted through 6432 (resistance yesterday) and never looked back. Whilst above 6432 the FTSE could easily make a new high towards 6572 [Read the full report]
Tuesday, April 2, 2013
FTSE Trading Report - 2 April 2013
Its the first of a new trading month today (funds usually commit new monies), we have a 4 point dividend and there are a few days left before the ISA deadline comes in for the end of the tax year [Read the full report]
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