FTSE Trading Report - 28 March 2013

Its the last trading day of the month and after a trending day yesterday ,the market may consolidate this morning.

FTSE Trading Report - 27 March 2013

The FTSE is holding above key support at 6350 for now.  At this stage I would like to see the FTSE break below here to confirm we have a top [Read the full report]

FTSE Trading Report - 26 March 2013

The dividend for the FTSE is only 3.1 today

FTSE Trading Report - 25 March 2013

The FTSE is gapping up today right into the break down area between 6421-6432. Its also where the 38.20% retracement lies for the latest decline from 6534 to 6364. This is an important support/resistance area [Read the full report]

FTSE Trading Report - 22 March 2013

I mentioned yesterday that a move below 6421 was a negative for this market and I would turn neutral if seen for my medium term forecast [Read the full report]

FTSE Trading Report - 21 March 2013

The FTSE has a target at 6435 this morning which should be seen if we open above yesterday's lows. The chances of seeing 6435 are less likely if we open below.

FTSE Trading Report - 20 March 2013

The dividend rally came in very late yesterday (last 10 minutes) due to the the Cyprus minister resignation. Today those 11 pips need to come off the index.

FTSE Trading Report - 19 March 2013

Last week 6432 was a key level for the market and it serves as important support today. The market is bullish whilst we avoid acceptance, which is 3 half an hour candles bars trading below this level.

FTSE Trading Report - 18 March 2013

Big gaps down on European markets this morning following the news over Cyprus.  We could have a short term top in the market so we need to be careful seeing this as a major buying opportunity just yet.

ONLY ONE MONTH TO GO...

Dear traders,

We are just one month away from the TRADING THE GAP FOR A LIVING seminar to be held at Wotton House in Surrey. I will be sending the timetable out next week for this special event.FULL DETAILS ON THE EVENT ARE BELOW:

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Its my fourth year of running MFS and one thing that is apparent is the big difference in performance for those who attend these events/watch the dvd's and those who do not. This is a business and if a trader does not fully understand how markets operate and learn to think like a contrarian then they are going to have a frustrating career ahead of them. 90% of main stream market education sadly concentrates on indicators, chart patterns and the candle stick alphabet. This will not give you an edge in the market and from a 10 year background in banking I can assure you this is not what the professionals are using. The pro's understand what is going on behind the scenes, they have learned how to think like a contrarian and they are taking the opposite side to retail traders. To do this this you need to understand what is going on behind the scenes in the first place.

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AS A BONUS - SUBSCRIBERS will also receive 3 months access to my private trading room (worth GBP 150) where each day I will share my morning ideas on the FTSE and also on select American market set ups. This bonus offer is only available for the next 24 HOURS as I need to finalise numbers and send the timetables out.

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Happy Trading!

Mark Austin

FTSE Trading Report - 15 March 2013

Its triple witching day for the FTSE so expect volatility between 10.10 - 10.20am today.

FTSE Trading Report - 13 March 2013

The FTSE is still struggling at the 6500 level which was a concern yesterday and its very unusual to see selling into the close at 4.30pm with a large dividend. 

FTSE Trading Report - 12 March 2013

Today we have a 10.8 dividend on the FTSE so if we see 10 points higher than the open price at any stage during the day we can look to buy daily one touch binaries [Read the full report]

FTSE Trading Report - 11 March 2013

We also have a dividend of 10.8 tomorrow so I will be looking for signals to get long early tomorrow morning.  This would be ideal if we see a correction today.

FTSE Trading Report - 8 March 2013

Its Non Farm Payrolls day. The figures will be released at 1.30pm so expect volatility at this time.  If we did see an awful number and the market drops below 6400 then then there would be a good buying opportunity [Read the full report]

FTSE Trading Report - 7 March 2013

We had a consolidation day yesterday which we discussed with a selling preference towards the closing gap. As per my report yesterday this was the level that I mentioned I was happy selling down [Read the full report]

FTSE Trading Report - 6 March 2013

After a big bull day yesterday which was on the cards we will most likely consolidate today.  There is a high chance we will re visit  6432 if we open above this level [Read the full report]

FTSE Trading Report - 5 March 2013

This morning if the FTSE opens above 6364 at 8am then this is positive for the index and unless we avoid trading 10 pips higher than the 8am open we should see a bullish session. This is compounded with the fact that we also have a 7 point dividend on the FTSE today. [Read the full report]

FTSE Trading Report - 4 March 2013

The FTSE is opening lower today on negative news from the far east but the overall trend is still up. Monday's are often negative days when the overall trend is up so we could see some further weakness this morning if we open below 6350 and break below 6340 [Read the full report]

FTSE Trading Report - 1 March 2013

Its the first trading day of a new month today and this is when funds usually commit new cash monies into the market. We could therefore see some initial buying this morning.  However Friday's are not usually trending days so the buying may not last long [Read the full report]