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 05, September 2014

Good morning

Please find video analysis below and what I am looking at for trades:

http://screencast.com/t/2XyH47GrEK

Potential trades to follow after the open.

MEDIUM TERM FORECAST - NEUTRAL

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MAGNETIC Report - Thursday 04, September 2014

Good morning

Please find the review video below:

http://screencast.com/t/M1ifzD0NL

I will be on the look out for some trade set ups after the open based on this analysis.

If we do see a spike up to 6910 after the open and the gap at 6873 has not been hit then its worth a sell. Stop would be 5 min bar acceptance above 6915. 2% risk

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MAGNETIC Report - Wednesday 03, September 2014

Good morning

The FTSE broke out above 6830 yesterday however the reaction at this level this morning is key to determine whether or not the FTSE will make a new yearly high and rally towards 6900.

Potential trade to be updated just after the open based on my comments in the below video analysis:

FTSE ANALYSIS
http://screencast.com/t/XbZwj4lqlzC

MEDIUM TERM FORECAST - A MOVE TO 6880-6900 IF WE SEE 5 MIN BAR ACCEPTANCE ABOVE 6850

MAGNETIC Report - Tuesday 02, September 2014

Good morning

The FTSE futures are looking strong this morning with a possible break out above 6834 looming. Please see analysis video below on this:

http://screencast.com/t/MWbs61DDQ

The extreme gap at 6825 should fill and if we open above 6840 there is a low risk trade option. If the gap at 6825 is to fill then the market should fall straight away. Therefore traders can look to sell if the first 1 min bar after 8am turns red but exit the trade if subsequent green bars form above 6840. Low risk trade (unofficial). Target 6828.

MEDIUM TERM FORECAST - NEUTRAL

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MAGNETIC Report - Monday 01, September 2014

Good morning

Analysis below:

http://screencast.com/t/PukyVeqYbq

6810 is key today - bullish above but price action below here just after the open and a break below 6800 would indicate a move to 6765.

With American market shut this afternoon expect thin trading after the first hour of trade today.

http://www.investopedia.com/terms/s/shortcovering.asp

MEDIUM TERM FORECAST - NEUTRAL

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HERE FOR THE FTSE ANNUAL REVIEW AND RESULTS

All the best,