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 [Signup For Mark's Full Trading Plan]
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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Friday, May 30, 2014
Thursday, May 29, 2014
MAGNETIC Trading Report - 29 May 2014
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 [Signup For Mark's Full Trading Plan]
Wednesday, May 28, 2014
MAGNETIC Trading Report - 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 [Signup For Mark's Full Trading Plan]
Tuesday, May 27, 2014
MAGNETIC Trading Report - 27 May 2017
If the FTSE does rally today then I would expect 6860 to cap the morning action. If the FTSE is then going to rally higher then the US session would need to be bullish… [Signup For Mark's Full Trading Plan]
Thursday, May 22, 2014
FTSE Trading Report - 22 May 2014
The FTSE is gapping up this morning. Between the 6840-6850 level there is lots of resistance. If the FTSE fails to progress above here in the first 5 minutes the the index is likely to fall back to 6821 today… [Signup For Mark's Full Trading Plan]
Wednesday, May 21, 2014
MAGNETIC Trading Report - 21 May 2014
The #FTSE is negative this morning whilst we trade below 6800 and a retest of the over night lows at 6772 is on the cards… [Signup For Mark's Full Trading Plan]
Tuesday, May 20, 2014
MAGNETIC Trading Report - 20 May 2014
The anticipated sell off came in yesterday but 6800 sealed any progression. The FTSE is in neutral territory between 6840-6870… [Signup For Mark's Full Trading Plan]
Monday, May 19, 2014
MAGNETIC Trading Report - 19 May 2014
The FTSE has major resistance at 6870-6880 this morning. Whilst we avoid 5 min bar acceptance above 6870 then the FTSE is likely see a move… [Signup For Mark's Full Trading Plan]
Friday, May 16, 2014
MAGNETIC Trading Report - 16 May 2014
Its expiry day! We did see a negative outside day yesterday so if we break 6820 today it would be confirmation that the market has indeed peaked near 6900 and we are set to decline [Signup For Mark's Full Trading Plan]
Thursday, May 15, 2014
MAGNETIC Trading Report - 15 May 2014
6870 is a key level for the bulls today and if we trade above here and stay above here then expect further upside above 6900 short term… [Signup For Mark's Full Trading Plan]
Wednesday, May 14, 2014
MAGNETIC Trading Report - 14 May 2014
At the moment the FTSE has no sell signals for this move down to 6630 however what we need to look at is changes in the daily price action. Of late the FTSE has been holding its pivot point on daily pull backs… [Signup For Mark's Full Trading Plan]
Tuesday, May 13, 2014
MAGNETIC Trading Report - 13 May 2014
Will we open above 6866? and make new yearly highs..... Its the key focal point this morning… [Signup For Mark's Full Trading Plan]
Monday, May 12, 2014
MAGNETIC Trading Report - 12 May 2014
Lots of resistance for the FTSE this morning between 6835-6840. If we break above here then there is a good chance the FTSE will move through the all time yearly highs at 6866. If we see this level taken out then expect a load to stops to go off [Signup For Mark's Full Trading Plan]
Friday, May 9, 2014
MAGNETIC Trading Report - 09 May 2014
The FTSE rallied to our targets yesterday at 6830-6840 after seeing 5 min bar acceptance above 6800. We then got a fair few sell opportunities from this region through out the day but we did close on the highs [Signup For Mark's Full Trading Plan]
Thursday, May 8, 2014
MAGNETIC Trading Report - 8 May 2014
If the FTSE sees 5 min bar acceptance above 6800 this morning we could see a brief rally to 6830-6840 but I will point out the the big players are not happy buying at these multi year levels after an extended rally [Signup For Mark's Full Trading Plan]
Wednesday, May 7, 2014
MAGNETIC Trading Report - 7 May 2014
Our swing trade yesterday was never triggered however we did see 5 min bar acceptance below 6800. Given this was a stop for a potential buy, it can also be used to enter a sell trade. A pull back was needed yesterday after seeing 7 up days in a row… [Signup For Mark's Full Trading Plan]
Tuesday, May 6, 2014
MAGNETIC Trading Report - 6 May 2014
The FTSE has had 5 UP days in a row and we are trading into multi year resistance levels so the gap should fill this morning [Signup For Mark's Full Trading Plan]
Friday, May 2, 2014
MAGNETIC Trading Report - 02 May 2014
We also have NFP today at 1.30pm. A big spike up which takes out 6860 is worth a short (sell) first time round if seen. We could then drop back to 6620 next week… [Signup For Mark's Full Trading Plan]
Thursday, May 1, 2014
MAGNETIC Trading Report - 01 May 2014
The FTSE rallied to 6790 yesterday where we attempted a short which was closed at 6772 after seeing no sell signal into the close of the session. Further upside above 6800 is expected at the moment… [Signup For Mark's Full Trading Plan]
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