Stops went off on the break below 6236 yesterday to produce a low at 6216 in the market. When key levels are broken in the market they often produce a minimum move of 10-15 points purely down to stops being triggered. Something to note if you like break out strategies [Read the full report]
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, February 8, 2013
Thursday, February 7, 2013
FTSE Trading Report - 7 February 2013
The breach above 6300 yesterday indicates we are still in the final remnants of wave 3 up. If we trade above resistance at 6300 once again this morning its odds on today will be an UP day [Read the full report]
Wednesday, February 6, 2013
WE ARE NOW CLOSING THE SUB LISTS
We now have the number of subscribers wanted on Mark's FTSE Service and with effect from Friday 8th February we are CLOSING the subscription list.
We will be maintaining a waiting list for those who wish to subscribe with a view to re-opening the subscription list at some point - probably at an increased price.
Although not the purpose of this email you can still join up if you sign up before midnight on Friday - after that entry to the service will only be available via POM or if you attend my April seminar.
Happy Trading!
Mark Austin
FTSE Trading Report - 6 February 2013
If the FTSE is going to target 6200 next then it needs to avoid trading above 6300 this morning. I have attached my current analysis for the market (Clients Only). [Read the full report]
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Tuesday, February 5, 2013
FTSE Trading Report - 5 February 2013
The final part of wave 3 UP failed to materialise yesterday which can often happen on these wave counts and the move towards 6200 is in progress.
Tuesday's often retrace some of Monday's move if Monday [Read the full report]
Monday, February 4, 2013
FTSE Trading Report - 4 February 2013
The first trading day of the month (Friday) was a trending day after breaking the high of the first 5 min bar and the FTSE closed on its highs. We can therefore expect a consolidation day [Read the full report]
Friday, February 1, 2013
FTSE Trading Report - 1 February 2013
I wanted to buy below yesterday's close (6276) this morning as that would have been a dream set up. The reason being is the closing gap tends to get reached on Non Farm Payrolls day and funds commit new monies on the 1st of a new month which has a bullish tendency [Read the full report]
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