The Greatest Risk is Not Taking Action - MFS Trading Challenge

"The Greatest Risk is Not Taking Action" Location: Wotton House, Dorking, Surrey

Mark Austin Trading

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Dear traders

4TH JULY - PERSONAL SEMINAR - THIS IS RESTRICTED TO 20 PEOPLE SO TO SECURE YOUR PLACE SIGN UP BELOW:

http://www.markaustintrading.com/p/mfs-trading-challenge.html

Regards,

Mark Austin

FTSE Trading Report - 30 May 2013

The FTSE broke down through 6709-6700 and we have duly retested the lower part of the channel at 6600 which we discussed yesterday. 

FTSE Trading Report - 29 May 2013

Yesterday was a short squeeze and the FTSE has now completed trade activity up to 6780.   My current view is the FTSE is entering a sideways channel between 6600-6830 which could last a few weeks as the index builds energy again [Read the full report]

FTSE Trading Report - 28 May 2013

The FTSE left an area of unfilled trade action between 6745-6780 last week.   This is likely to attract this week if we don't see a trending day to the downside today. 

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FTSE Trading Report - 24 May 2013

Yesterday we saw a 3% correction on the FTSE which was healthy given the recent buying spree. The FTSE ended just above my medium term target at 6650. Either the correction was a 4th wave which met all the requirements with a 5th on the way which will make new highs (see chart) or we are at the start of something more severe [Read the full report]

FTSE Trading Report - 23 May 2013

Big gap down on the FTSE this morning. We are opening below yesterday's low in the market so we are in a reversal pattern.  We are likely to see more selling in the days ahead.  

FTSE Trading Report - 22 May 2013

The FTSE cash market traded to a high of 6789 just before the close last night however the official close was marked up at 6803.