MAGNETIC Trading Report - 29 August 2014

Its the end of the month so we could well see profit taking during the last hour of trade. I will be updating service subscribers on a possible trade for this later on…  [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 28 August 2014

The next major resistance is 6850 and 6870. I do not expect a move above 6870 without a bit of a pull back, especially as were going into the month end tomorrow. There is not much room to the upside now... [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 27 August 2014

The FTSE is ripe for a correction but it is being propped up by the US markets. What you'll find for the FTSE is for the whole of 2014 you'll see minus development but we do need to see the US turning down. In terms of today's trading, the gap at 6822 should fill after the open if we hold above 6790… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 26 August 2014

The Average True Range for the FTSE over the last 5 days is 44 points.  You add this to Friday's close and you get 6820 which also ties in with major resistance for the FTSE. This is therefore an area of confluence and we should see at least a retrace to 6802 if we open near 6820… [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-

 

MAGNETIC Report - Friday 22, August 2014

Good morning

The FTSE struggled to break above its previous swing high yesterday at 6782 after the DOW rallied. This indicates a correction down to 6690 is still looming. Either the FTSE will see a final push to 6800 before declining or we will see profit takers come in today.

Swing trade - If we see 5 min bar acceptance below 6770 look to sell the FTSE and target 6702. Stop 5 min bar acceptance above 6830.

If we fail to see 5 min bar acceptance below 6770 then look to sell the FTSE from 6800 -6820. Same target and same stop

MEDIUM TERM FORECAST - A MOVE TO 6690

[Signup For Mark's Full Trading Plan]

MAGNETIC Report - Thursday 21, August 2014

Good morning

We took 50% profits yesterday at 6747 for our swing trade. For an update on this trade please watch the video below:

http://screencast.com/t/JojJKG5l9eS

I may well update with an additional trade once I have seen the open.

MEDIUM TERM FORECAST - A MOVE TO 6690 AND THEN A RALLY TO 6850

[Signup For Mark's Full Trading Plan]

MAGNETIC Report - Wednesday 20, August 2014

Good morning

5 UP days in the row for the FTSE and a close on the highs indicates even if the market is to move up higher in the short term the market makers are likely to push this down lower in the short term to attract fresh buyers.

Its unlikely the FTSE will see 5 minute bar acceptance above 6830 before we trade back down to 6747 as a first target and then 6690 as a second target. After that I will be on the look out for a decent buy for us but I am not interested in buying at these levels.

Video analysis - http://screencast.com/t/NdZOQjDKZ

TRADES

Any open above 6779 is a sell this morning. Target 6772 for 50% and leave the rest for 6747. Stop is 17 pips marked against the 8am price what ever that may be.

SWING TRADE - Sell the market if we see a 5 min bar close below 6767 followed by a break of that bar. Target 6747 for 50% and leave the rest for 6690. Stop is 5 min bar acceptance above 6830

A MOVE TO 6660 AND THEN A RALLY TO 6850

MAGNETIC Report - Tuesday 19, August 2014

Good morning

FTSE analysis below

http://screencast.com/t/YjTJbEw2ElI

In summary I am expecting the first leg up from this rally to end in the region 6770-6800 if 6645 is not hit prior to this. If we see 5 min bar acceptance above 6770 after the open then we will be positioning long after a pull back towards 6660.

Traders can look to sell the FTSE between 6770 - 6800 after the open if 6645 is not hit first. Stop is 5 min bar acceptance above 6820. Take 75% at 6647 and leave the rest for 6660.

Finally we have a 10 point dividend today so I will update later on how we are to trade this towards 4.30pm uk time.

[Signup For Mark's Full Trading Plan]

MEDIUM TERM FORECAST - NEUTRAL

MAGNETIC Report - Monday 18, August 2014

Good morning

FTSE analysis video below:

http://screencast.com/t/DfeqWCYiBNqt

TRADES - 5 MIN BAR ACCEPTANCE ABOVE 6715 IS BULLISH AND WE CAN GET LONG TO TARGET 6760. STOP 5 MIN BAR ACCEPTANCE BELOW 6715

5 MIN BAR ACCEPTANCE BELOW 6715 IS BEARISH AND WE CAN GET SHORT FOR 6665. STOP 5 MIN BAR ACCEPTANCE ABOVE 6715

BOTH 2% RISK

MEDIUM TERM FORECAST - NEUTRAL HOWEVER A BREAK BELOW 6663 COULD WELL INDICATE A MOVE TO 6400. I WILL UPDATE IF SEEN

[Signup For Mark's Full Trading Plan]

Try it out for just £48.50

HERE FOR THE FTSE ANNUAL REVIEW AND RESULTS

All the best,

Mark Austin

MAGNETIC Trading Report - 22 August 2014

The FTSE struggled to break above its previous swing high yesterday at 6782 after the DOW rallied. This indicates a correction down to 6690 is still looming… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 21 August 2014

America is still very strong at the moment stopping the FTSE pulling back properly. The FTSE needs to come back to atleast 6722 if it is going to bust above 6800 and make a decent move above here… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 20 August 2014

5 UP days in the row for the FTSE and a close on the highs indicates even if the market is to move up higher in the short term the market makers are likely to push this down lower in the short term to attract fresh buyers… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 19 August 2014

In summary I am expecting the first leg up from this rally to end in the region 6770-6800 if 6645 if not hit prior to this. If we see 5 min bar acceptance above 6770 after the open then we will be positioning long after a pull back towards 6660…[Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 15 August 2014

Potential gap trade if we open above above 6700. Then we have the expiry spike trade between 10.10am - 10.20am  And then potential profit taking from 4pm into the close… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 14 August 2014

We have a key level at 6674 and whist we are below here the short term and medium term charts are negative >> [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 13 August 2014

In summary we are still looking for a move to 6580 unless we trade above 6649. If we trade above 6649 first then its unlikely we will see a move to 6580…  [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 12 August 2014

There is a large dividend today on the FTSE so we will have a dividend trade set up later for the FTSE… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 11 August 2014

The FTSE is gapping up this morning following a strong US session on Friday. We have a potential reversal day on the FTSE… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 08 August 2014

This morning the futures are well down, the trend has been down all week therefore I am not expecting a reversal today. It is possible the market will try to close yesterdays low at 6580-6589 where we may look to position a short.. [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 07 August 2014

If the FTSE breaks above yesterdays high at 6652 we should see the market head towards the unfilled gaps at 6671 and 6682 from Tuesday...  [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 06 August 2014

The FTSE is due to be gapping down this morning after the US has fallen quite a bit in it's session, approaching the moving average makes it a decent correction. This morning on the FTSE, 6620 is a nice area, is a key level and the price action is therefore very important… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 05 August 2014

WE HAVE A LARGE DIVIDEND OF 14.3 TODAY ON THE FTSE SO IF WE DO SEE A PULL BACK TO 6640 AND LOWER THE FTSE TO FINISH UP DAILY BINARY CAN BE BOUGHT FOR AN EXPECTED RALLY INTO THE CLOSE AT 4.30PM… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 04 August 2014

European and American markets broke key technical levels on Friday which has placed the medium term charts negative. The markets are entitled to have a brief relief rally but I expect more downside from American markets in August and possibly back to their moving average 200 which would of course drag the FTSE down lower.   Other supporting factors for the correction continuing in the US markets are explained in more detail… [Signup For Mark's Full Trading Plan]

FTSE100 Stats for July 2014

FTSE100 Stats for July 2014

Mark Austin Trading

UK's Premier Online FTSE Subscription

 

Dear traders,

Please find below the two Performance Tables and Pips chart, updated to include all official trades up to today's date.

• Pips gained since Feb 2014 stands at 3416
• The trading room produced over 10% for the month
• All trades are all given ahead of time

Another solid month. The short term rolling average DKPIs crept up from around 9 to around 11 over the month.

Try it out for just £48.50

All the best,

Mark Austin

MAGNETIC Trading Report - 01 August 2014

We have non farm payrolls later so we could just consolidate today… [Signup For Mark's Full Trading Plan]