FTSE Trading Report - 9 January 2012

We remain bearish on the FTSE and calling for a move to 5470 and below. However until we see a decent break below 5600 we are still using 25% normal leverage for any short positions.  My analysis will be confirmed if we see the FTSE receive an end of day close below 5570.  There is strong support here so could well see a short term bounce in this region and we would use this to go short.  Until we see my above criteria it would be unwise to get too bearish just yet and is why for any new short positions I am only using 25% my usual stake. 

A move above 5700 at this stage would change the pattern and is short term bullish. I.e a message that this market is happy trading above its MA 200 at 5600.

There is no magnet today.

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A FEW PLACES LEFT! MFS SYSTEMS AND GAP TRADING 2012 LIVE SEMINAR

 

MFS SYSTEMS and GAP Trading 2012 LIVE Seminar Mark Austin Trading UK's Premier Online FTSE Subscription   Dear Trader, MFS SYSTEMS and GAP Trading 2012 LIVE Seminar With hundreds of skeptics proclaiming 2012 as the year of doom I am personally looking forward to another great year of opportunities. In fact with volatility on the rise this year could easily outperform 2010 and 2011's performances. One fantastic advantage trading offers, is the ability to make money whether the economy is on the up or the down. In fact, the state of the economy has very little bearing on one's trading income. For this reason trading is an extremely valuable life skill to have as you really do receive complete financial Independence from main stream society. With uncertainty growing over the economic world I believe it is now more vital than ever to master trading. For this reason I will be releasing my DVD systems and strategies ahead of my live 2012 seminar in a few months. These dvd's cover all the in's and out's of my methodology on which I have based my successful trading career. Even this year with fund managers struggling to make positive returns I overtook 2010's performance and looking at my last 57 trades , 42 of them have been winners. That's a 73% win rate! Those of you on my service will also know I use extremely low risk. And these are just service trades and don't even include my personal trades. These are some of the best stats you will get in the industry and I am now offering the chance to learn exactly how I do what I do. The majority of my trades are learnt from institutions and from shared knowledge from other professional traders . You will not find my style of trading in a text book or from the internet. In fact if you follow this route you will most likely go around in circles or at best receive a break even account. The majority struggle at trading because they are all following the same methods printed in thousands of hand books! My approach to trading is linked to market internals and is the prime reason why I am able to receive such a good success rate. So what value do I put on this information? Well, firstly I don't think you can place a value on useful information. The fact is, knowledge is power, what ever industry you are in but for just 2 x payments of GBP 299 you can enter my world of successful trading. Two good trades could easily cover this cost. Click here to sign up: http://www.markaustintrading.com/OnlinePaymentSystem.html PLUS AS AN ADDED BONUS Purchasers of the DVDS's will also receive a free ticket to my 2012 live seminar due to be held in March/April in Dorking Surrey. I plan to spend a double session at this event covering how you can make a living just trading the ''gap''. This one skill alone is extremely valuable. I will also be covering my top 5 systems which I use (including the magnet!) and the event will be filmed and provided to you on DVD. I like to keep numbers small for these seminars to keep the experience personal so act fast if you want to reserve your space. HURRY THERE ARE ONLY A FEW PLACES LEFT! To sign up please click the link below: http://www.markaustintrading.com/OnlinePaymentSystem.html Mark Austin mark@markaustintrading.com www.markaustintrading.com Here's what my members say- "Happy New Year to you! Thank you for the outstanding service you have provided this past year. I am a better trader now than I was at the start of 2011 - and that is largely down to your influence. Here's to a happy, healthy and prosperous 2012." Dave

FTSE Trading Report - 6 January 2012

5700 was kept intact yesterday and we have reversed towards our target at 5470. What I will mention is we have a level of confluence just above 5570. The reason being - there is a gap close target just above, its also the 38.20% fib retracement for the 5 wave pattern.  Given this information the latest decline could have a bounce to the upside if we trade near 5580. I will therefore remove my short from 5700 if seen and then look to see where we close tonight. A weekly close below 5600 will strengthen a continued move towards 5470.  

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FTSE Trading Report - 5 January 2012

No change to my analysis from yesterday and my late afternoon email.  We have avoided a retest at 5700 for now so I still remain 25% short which I plan to add to if we see an end of day close below 5600.   Its quite possible we will trade above 5700 yet again today but as long as we avoid a sustainable break the market still targets 5470 in the near term.

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FTSE Trading Report - 4 January 2012

Today you will see we have a 5 wave formation on the FTSE.

If we have topped at 5700 then we have an imminent target at 5470 below.  I mentioned yesterday we have conflicting signals as a result of the big gap through the MA 200 at 5600 ( a strong buy signal).  If the wave count is correct then I would expect prices to remain below 5710. If we see price action trade above 5710 and hold this level then the market could well accelerate higher in the short term towards 5840 .  

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FTSE Trading Report - 3 January 2012

Its the first trading day of a new year and as mentioned on Friday these are usually bullish days so a large gap up on these days is not unusual.  If you look back on your daily chart over previous years you will see similar action.  We have also gapped up above the MA 200 so we have to take note that this is a short term bullish signal.

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THE RUNAWAY GAP - when the closing gap doesn't fill

 

THE RUNAWAY GAP - when the closing gap doesn't fill Mark Austin Trading UK's Premier Online FTSE Subscription "Happy New Year to you! Thank you for the outstanding service you have provided this past year. I am a better trader now than I was at the start of 2011 - and that is largely down to your influence. Here's to a happy, healthy and prosperous 2012." Dave Dear Mark, THE RUNAWAY GAP - when the closing gap doesn't fill A closing gap is simply the difference in price between where the FTSE closes and where it opens the next day. Many traders make a healthy living fading the gap close in the early morning session. Myself included! In fact mastering this one technique can be very valuable. Fading means trading in the opposite direction of the gap. So if the FTSE opens higher than the previous close at 4.30pm you would short the market back to the closing level. However to make trading the closing gap a profitable exercise you can't trade all the gaps. The key to success is selection and knowing when the closing gap is ripe to trade and when it's not. I plan on holding a double session on this subject at my forthcoming seminar in April. The reason being, this strategy provides an excellent edge in the market and forms a nice clear trading plan. A few benefits to this strategy: The trades can be done and dusted within a few minutes Clear methodology and linked to order flow Very high win rate - 70% Little preparation needed - 10 minutes before the market opens The trade set ups occur very frequently and once you know what you are looking for its very easy to spot. The set up works in bull and bear markets You don't need complicated charts and software which means this is a perfect lifestyle trading strategy even if you are in full time employment or travelling the world! You can apply the same rules across multiple markets however I decided to specialise on the FTSE 100. Once a trader has identified which gaps to trade and which ones not to, there is also a common development which occurs on the days where the closing gap does not fill. You will see in most cases a surge of volume in the direction of the gap (i.e away from the gap fill) during the last 1 hour of trade (3.30pm -4.30pm). This is basically institutions covering their long or short positions. They do this because many trade the closing gap with an end of day stop and many will cover losing positions towards the end of the day. There is also the fact that if a closing gap does not fill on the same day there is a high probability that the market will continue to trade away from the gap fill. Only 25% of unfilled gaps get filled the next day! For this reason institutions will build positions at the end of the day in anticipation of the market continuing to move away from the gap fill. Its these 2 factors combined which create a surge in volume and momentum during the last h our of trade, away from the gap fill. As a trader there are many ways to profit from this knowledge. One example would be selling or buying a break of the high or low during the last hour of trade. Stops could be the low or high of the previous 5 min bar. Happy trading! Mark Austin mark@markaustintrading.com www.markaustintrading.com   Steve Bradley presents his new trades A Brand new GOLD service Netting over 900 points in just 10 weeks!   *FREE GBP 1000* to trade with if you open an account with Gekko today. Hurry this offer expires soon (click here to read the terms and conditions)   Let JOHN PIPER help you become A BETTER TRADER Big Call Service by subscribing to this unique personal service.   Learn more about Mark FTSE Service & discover how Mark can help you become a better trader.   "Not a bad day all in all after a difficult start - bagged two binaries one in the morning and then one in the afternoon session - and made a good profit with the opportunities that developed - I must say that the learning curve of information you e-mail to me as a subscriber is invaluable and I look at and study each message and compare it with the chart on my monitor - and watch it develop into something that seems quite amazing to me as everything unfolds on the monitor as you suggested - and through the course of the day I watch and listen to your 'you tube' lessons and take in as much as I can - I'm not saying I remember it all - the knowledge that you give we the subscribers is fantastic and is much appreciated." Steve   Mark's FTSE trading service is designed for educational purposes only. There is a risk of loss in all trading. Spread Betting carries significant risk and should only be undertaken by those who can afford to lose some or all of their investment. Past performance is not indicative of future results. Before investing, or if in doubt about the suitability of an investment please seek independent financial advice. Mark's FTSE trading service is authorised under an arrangement with t1ps.com Ltd, which is authorised and regulated by the Financial Services Authority and can be contacted at 3rd Floor, 3 London Wall Buildings, London EC2M 5SY.