MAGNETIC FTSE Trading Report

BOE news out today at 12pm so this will be an influence on sterling dollar and therefore FTSE. One issue is the pound has been very strong of late so if profit taking comes in this will boost the FTSE. This is the reason we have to have a wide stop at the moment if getting short. 

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MAGNETIC FTSE Trading Report

We continue to sell strength on FTSE and this continues to be lucrative with an impressive sell off into the month end yesterday which was always on the cards with a strengthening pound and weak technicals.

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MAGNETIC FTSE Trading Report

We remain short on the FTSE targeting 7250-7200. For the full report please read http://www.markaustintrading.com

MAGNETIC FTSE Trading Report

The strategy all week has been to sell rallies and this has been working on the FTSE well. Today the FTSE will open with cable under pressure. Many investors entered the FTSE when cable was down near 1.20 and with the currency rallying over night upside on the FTSE is going to be hindered. Its unlikely the FTSE will get above 7487 (yesterdays high).

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MAGNETIC FTSE Trading Report

Its FOMC today in America and also there is a small dividend on the FTSE so if 7400 holds then we could see a final rally on the FTSE today up towards 7480.

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We remain in a longer term short on the FTSE targeting 7200

A breach of Fridays lows at 7433 should also see a move down to 7410.

If we don't see a big move today the range could be contained between 7460 and 7525

MAGNETIC FTSE Trading Report

The FTSE squeezed higher yesterday which it can often do leading up to expiry and now we are entering into an area where I see value to sell. 

MAGNETIC FTSE Trading Report

The FTSE remains negative and I am looking for a move down into the 7200 range.

As its expiry in a few days we could see some movement up and down as traders adjust positions...

MAGNETIC FTSE Trading Report

The FTSE failed below 7440 yet again yesterday and supports a move to 7200 over the coming weeks. 

MAGNETIC FTSE Trading Report - 17 July 2017

The FTSE is entering a neutral zone now between 7300-7440.  Its still short term negative below 7440 and this has acted extremely well for a stop level if you have been selling this market of late.

Whilst below 7440 the FTSE is still potentially negative!

MAGNETIC FTSE Trading Report - 13 July 2017

Yesterday was a strong positive day for the FTSE but you will notice it failed exactly at 7440.  This remains key for the bulls and unless we see 5 min bar acceptance above this level...

MAGNETIC FTSE Trading Report - 11 July 2017

The FTSE still remains negative short term below 7430-7440 and whilst below here we can continue to expect moves back down to the 7300-7200 levels. If we get above 7440 then a move to 7500 is expected but I still believe we have a top in at 7600... http://www.markaustintrading.com/promo/promo-half-price-offer.html

Where now? well the FTSE is still negative below 7370 and can go lower.

MAGNETIC FTSE Trading Report - 06 July 2017

The FTSE continues to consolidate. I am continuing to sell the FTSE in the 7370-7400 range.. 

The FTSE remains short term negative below 7430 but still long term positive

American markets are shut this afternoon for Independence day so the afternoon session could be quiet on the FTSE.

Today is the first trading day of a new month so we could see new monies invested.

MAGNETIC FTSE Trading Report - 30 June 2017

Whilst below 7380 the FTSE could see a retest at the 7310 level again as its month end and GBP is strong so this will weigh on the FTSE today.

The FTSE gave all the bells and whistles yesterday with a break below 7400. A move below 7380 is good to see 7300.

I expect more downside now and the next target coming in at 7300

MAGNETIC FTSE Trading Report - 26 June 2017

On Friday we discussed the scenario of a rally just above 7470 if the FTSE could not cleanly break below Thursdays low. This appears to still be a likely scenario as no clean break was seen on Friday and will confirm if the FTSE pushes above 7449 this morning. Either way I am expecting a move down to 7300... signup to the full report here http://www.markaustintrading.com/promo/promo-half-price-offer.html

MAGNETIC FTSE Trading Report - 23 June 2017

Its possible today f we cannot break below 7398 (yesterdays low) then the FTSE could rally just above 7470 to take some stops out however then I expect the sell off to resume.   

I am expecting volatility to come into force soon so the markets could get very interesting!

MAGNETIC FTSE Trading Report - 21 June 2017

I still believe this is a market high for the summer months and that's why we are short on the FTSE longer term. 

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MAGNETIC FTSE Trading Report - 20 June 2017

Carney is speaking at 8.30am so this could have an effect on the FTSE today therefore no official trades.

MAGNETIC FTSE Trading Report - 19 June 2017

The FTSE remains neutral in terms of direction between 7450 - 7550. Given the market is range bound between here it makes sense to sell/buy at the extreme of this range. 

MAGNETIC FTSE Trading Report - 16 June 2017

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MAGNETIC FTSE Trading Report - 15 June 2017

Yesterday I mentioned that 7600 was likely to be a top in the market with the best strategy to sell rallies. This remains the case and yesterday put in a strong reversal closing on the days lows after pushing up in the morning session.

MAGNETIC FTSE Trading Report - 14 June 2017

The FTSE is rolling over and we appear to have a top in at 7600.  If the FTSE breaks below 7472 then we have a sell signal... 

MAGNETIC FTSE Trading Report - 12 June 2017

In the meantime the FTSE is neutral. The price action reflects the FTSE has topped at 7600 so I am not keen to buy even though the trend is still up.

I will look for more clues today for an official trade for service members.

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MAGNETIC FTSE TRADING Report - 09 June 2017

Its all about 7492 today. Whilst below here we can easily drop back down towards 7400 again. If we start breaking above 7517 then i will conclude the correction down is over.

MAGNETIC FTSE Trading - 08 June 2017

Resistance lies at 7485 today and whilst below here we should see a drop to 7450 at least. For short term traders they can unofficially look to sell the FTSE between 7483-7500 targeting 7455.

Its dividend day today which can have a bullish effect on the FTSE

The short term strategy now is to sell rallies

MAGNETIC FTSE Trading Report - 05 June 2017

Last week we got short at 7600 which could well be the high on the FTSE for quite a while especially if we break below 7497.

I expect to see 7500 before any movement above 7700.

Today starts a fresh month and the FTSE remains positive above 7500.

MAGNETIC FTSE Trading Report - 30 May 2017

The FTSE is making all time highs and then selling off. The index is tiring and although the trend is up I would expect some profit taking ahead of the month end tomorrow. Therefore if the FTSE rallies today I will be looking for a short for us going into tomorrow.

MAGNETIC FTSE Trading Report - 25 May 2017

The FTSE is opening strong today on the back of a strong American session and the gap at 7515 will most likely fill.

 

MAGNETIC FTSE Trading Report - 24 May 2017

The FTSE made an all time high yesterday in the futures market and then closed on the days lows. A negative signal.

MAGNETIC FTSE Trading Report - 22 May 2017

A strong pound and major resistance at 7510 means the FTSE will most likely consolidate between 7400 and 7510 for the next few days.

MAGNETIC FTSE Trading Report - 19 May 2017

Its expiry day and we have a trade setup for that. http://www.markaustintrading.com/promo/promo-half-price-offer.html

MAGNETIC FTSE Trading Report - 17 May 2017

I will be officially be looking for a long for us this afternoon for the dividend once I see how America opens.

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The short term trend is extended and we have seen 7 up days

MAGNETIC FTSE Trading Report - 12 May 2017

Major resistance is between 7400-7430. I am expecting a short term pull back from this area.

We had seen back to back trending days. I now expect a pull back to 7355

MAGNETIC FTSE Trading Report - 10 May 2017

The ftse remains bullish above 7284 and with a 15 point dividend today, traders can look to buy pull back. 

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A break of 7250 opens up a move down to 7205

MAGNETIC FTSE Trading Report - 08 May 2017

Whilst above 7250 we can expect further gains on the FTSE but we do have resistance at 7340. 

MAGNETIC FTSE Trading Report - 05 May 2017

The FTSE remains range bound between 7281 - 7195 with a break confirming direction.

 

MAGNETIC FTSE Trading Report - 03 May 2017

FTSE remains neutral at the moment whilst below 7270 and above 7270. Given we are at the top of the neutral range and we are struggling at last weeks sell break zone at 7250 then we have the favour downside for now.

MAGNETIC FTSE Trading Report - 02 May 2017

A break of 7195 at this stage is bearish and target 7135-7110.  Sign up here for the complete instruction.. http://www.markaustintrading.com/promo/promo-half-price-offer.html

Sideways action and uncertainties mean rallies are likely to be sold off today

A break of 7250 today is bearish

7270 is very key and a reference level!

A huge 2% move yesterday on the FTSE which was very unexpected

MAGNETIC FTSE Trading Report - 24 April 2017

The markets have bounced over night on the french election and I expect some of the gains to retrace as its a large move based on news which does not have relevance to all the FTSE 100 stocks.

If we rally today look at the ftse to finish down on the day binary.

MAGNETIC FTSE Trading Report - 20 April 2017

The short term trend has turned down whilst below 7240 so selling rallies is a good strategy from 7160 and higher.

MAGNETIC FTSE Trading Report - 19 April 2017

The FTSE confirmed it head and shoulders pattern yesterday so a move to 7000 is now a target which is also the MA 200.

MAGNETIC FTSE Trading Report - 18 April 2017

A break of 7300 would open up weakness at this point with the extreme gap failing to fill on Thursday at 7347.

MAGNETIC FTSE Trading Report - 13 April 2017

We are going into Easter weekend so expect rallies to be sold off today.

Early strength after the open is a selling opportunity from 7348 and higher. Expect to see the 8am open price re visited.

Above 7320 the FTSE price action is bullish with 7430 as a target

Binary tunnels selling the 35/40 range are good to go today.

7281 is the reference point for direction today

MAGNETIC FTSE Trading Report - 05 April 2017

The FTSE is in between 2 key levels at 7340 and 7280. A decisive break of either of these levels will dictate the next move.

We have a head and shoulders pattern forming if we break 7280

The ISA cut off date is 5th April so this could also attract some buying this week on the FTSE.

Its month end so we need to be a little careful buying the dip at 7340 today.

MAGNETIC FTSE Trading Report - 29 March 2017

We have a SWING TRADE buy signal on the FTSE for a target at 7440. To get the full report see http://www.markaustintrading.com/promo/promo-half-price-offer.html

MAGNETIC FTSE Trading Report - 27 March 2017

We had a weekly close below 7340 which was our key level on Friday so this was a negative signal and whilst below 7300 further selling towards 7200 could come in.

MAGNETIC FTSE Trading Report - 24 March 2017

Its all about 7340 and that will give us direction today. If we hold 7330-7340 and then move up through 7360 then the market is bullish again. Likewise below 7360 and a move through the pivot at 7330 then a break of 7300 is likely to see 7260.

 

 

MAGNETIC FTSE Trading Report - 23 March 2017

Short term negative below 7340 but we are in an overall longer term up trend with little follow through to the downside yesterday. This creates a low probability environment so I will stand aside l today.

A break of 7400 opens up a move down to 7375

MAGNETIC FTSE Trading Report - 20 March 2017

The FTSE remains short term bullish above 7400 with consolidation above 7400 likely.  

Its expiry day and we have our high probability trade for members

I expect to see 7398-95 after the open

MAGNETIC FTSE Trading Report - 15 March 2017

Whilst above 7340 the FTSE is bullish today with the dividend coming in later however a break below 7340 could well indicate we have a short term top with a double top failure yesterday at all time highs.

MAGNETIC FTSE Trading Report - 14 March 2017

All time highs on the FTSE and I don't expect the big players to want to buy at the highest price so I will sell at 7399 and higher... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report 13 March 217

The FTSE is bullish above 7331 but a break below here will target 7314. Looking for BUY trades especially whilst above 7340.

Don't forget we have non farm payrolls at 1.30pm.

Don't forget we have non farm payrolls at 1.30pm.

Today selling rallies is again a good option

MAGNETIC FTSE Trading Report - 08 March 2017

7340 is a key level and break below here is short term bearish - i.e looking for a quick negative reaction down...

MAGNETIC FTSE Trading Report - 06 March 2017

We have a very bullish looking chart whilst above 7340 however we are reaching extreme levels of optimism. Nevertheless whilst above 7340 we can expect a move back up to 7400... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 03 March 2017

Longer term the FTSE can easily push above 7400 whilst above 7325 so this morning could be a buying opportunity if we see a sharp drop.

All ears on Trump speaking later on today...

THE VALUE OF LOOKING AT FUTURES CHARTS AND CASH CHARTS TOGETHER

FTSE review 23 February 2017

Selling 7300 and higher has been very lucrative!

https://www.screencast.com/t/qIGaryyoaY3

All the best,

Mark

MAGNETIC TRADING Report - 27 February 2017

With trump policy talks tomorrow i expect some consolidation over the next fews days so 7300 will likely prove resistance again and a selling opportunity.

MAGNETIC FTSE Trading Report - 23 February 2017

The FTSE often rallies the day after dividend day and then sells off so if we see price action above 7300 I expect this to hit with selling once again for at least 15-20 pips...

MAGNETIC FTSE Trading Report - 21 February 2017

Big divi trade tomorrow - 25 pips. Signup here for the divi trade http://www.markaustintrading.com/promo/promo-half-price-offer.html

MAGNETIC FTSE Trading Report - 20 February 2017

America is shut today so this early push higher is likely to lose momentum quick.

We are likely to see 7240-7230 over the coming days

MAGNETIC FTSE Trading Report - 10 February 2017

A break above 7210 yesterday favours buying the dip today to target the overnight highs which currently stand at 7264... [Signup For The Full FTSE Report and Video Clip]

I am no longer looking to sell strength above 7200

MAGNETIC FTSE Trading Report - 07 February 2017

As mentioned yesterday we are in a consolidation range between 7265-7100. Look to sell high and buy low with stops either end of this range.

MAGNETIC FTSE Trading Report - 06 February 2017

We are in neutral territory between 7260 and 7100.  The best play is to sell high and buy low in this range with stops either side of this range.

MAGNETIC FTSE Trading Report - 03 February 2017

Fridays rarely reverse the trend which has a been a week of selling rallies so I expect more of the same at least until 1pm when NFP news comes out.

MAGNETIC FTSE Trading Report - 02 February 2017

We have the BOE rate decision at 12pm so there could be some movement on the FTSE if GBP/USD is affected.

MAGNETIC FTSE Trading Report - 01 February 2017

If the FTSE can hold above 7134 this morning we could see a short term rally develop.  [Signup For The Full FTSE Report and Video Clip] 

If we do rally to 7200 then look for reversal sell signals to target 7112.

MAGNETIC FTSE Trading Report - 31 January 2017

IF THE FTSE STRUGGLES TO STAY ABOVE 7120 TODAY THEN A MOVE DOWN TO 7000 IS LOOKING LIKELY OVER THE COMING SESSIONS ESPECIALLY AS ITS END OF MONTH.

MAGNETIC FTSE Trading Report - 30 January 2017

The FTSE has held its bullish sideways range at 7150 so far in cash hours however we are trading at this lower level right now before the open.

MAGNETIC FTSE Trading Report - 27 January 2017

The FTSE continues to trade sideways with a bullish bias whilst above 7150. If the FTSE breaks yesterdays high at 7185 then expect a move above 7200 today.

MAGNETIC FTSE Trading Report - 26 January 2017

7194 was hit yesterday and there is no reason for the FTSE to go above this level again if it is bearish so a move back above here is likely...

MAGNETIC FTSE Trading Report - 25 January 2017

A break of 7200 is bullish with a move up to 7300 likely.

MAGNETIC FTSE Trading Report - 24 January 2017

Yesterday's real high in the market was 7175 - If we break above here we should see a move towards 7194. 

MAGNETIC FTSE Trading Report - 23 January 2017

Strong support is just below 7100 and keeps the ftse bullish for the medium term trend.

MAGNETIC FTSE Trading Report - 20 January 2017

Its expiry day. We have a high probability trade below for this http://www.markaustintrading.com/promo/promo-half-price-offer.html

MAGNETIC TRADING Report - 19 January 2016

Further upside can been seen on the FTSE towards 7300 if 7242 holds after the open.

MAGNETIC FTSE Trading Report - 17 January 2017

Finally a down day on the FTSE but this doesn't mean too much unless the FTSE can break below 7308...  [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 16 January 2017

A double extreme gap on the FTSE today which is one of our big fish trades...

MAGNETIC FTSE Trading Report - 13 January 2017

If the FTSE does rally today and make a new high I expect end of day profit taking to come in later in the session.

MAGNETIC FTSE Trading Report - 11 January 2017

The FTSE continues to stretch like a rubber band but as we all know the band can stretch but it always comes back. A break of the previous days lows at 7237 would set the tone for a move to at least 7190 today... [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 10 January 2017

In the short term the FTSE is bullish above 7207 but once the FTSE starts to break its previous days low which it has not done for many sessions then a correction is likely to come in.... [Signup For The Full FTSE Report and Video Clip] 

MAGNETIC FTSE Trading Report - 06 January 2017

Its NFP today - its possible this creates a spike up to 7230-40 which would be worth selling back down to the point of origin... [Signup For The Full FTSE Report and Video Clip] 

What a great way to start off 2017!

What a great way to start off 2017!

 

Mark Austin Trading

UK's Premier Online FTSE Subscription

 

Dear traders,

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From Tuesday's report - and also a good lesson into why markets are so predictable

FTSE ANALYSIS AND TRADE PLAN

http://www.screencast.com/t/m4osHb4s

Sell zone at 7200- 7216 - stop 5 min bar acceptance above 7218 - target 7135

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MAGNETIC FTSE Trading Report - 03 January 2017

Good morning and happy new year! We are opening on all time highs! BUT there is a psychology behind this and usually what happens...[Signup For The Full FTSE Report and Video Clip]