MAGNETIC Trading Report - 22 August 2014

The FTSE struggled to break above its previous swing high yesterday at 6782 after the DOW rallied. This indicates a correction down to 6690 is still looming… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 21 August 2014

America is still very strong at the moment stopping the FTSE pulling back properly. The FTSE needs to come back to atleast 6722 if it is going to bust above 6800 and make a decent move above here… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 20 August 2014

5 UP days in the row for the FTSE and a close on the highs indicates even if the market is to move up higher in the short term the market makers are likely to push this down lower in the short term to attract fresh buyers… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 19 August 2014

In summary I am expecting the first leg up from this rally to end in the region 6770-6800 if 6645 if not hit prior to this. If we see 5 min bar acceptance above 6770 after the open then we will be positioning long after a pull back towards 6660…[Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 15 August 2014

Potential gap trade if we open above above 6700. Then we have the expiry spike trade between 10.10am - 10.20am  And then potential profit taking from 4pm into the close… [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 14 August 2014

We have a key level at 6674 and whist we are below here the short term and medium term charts are negative >> [Signup For Mark's Full Trading Plan]

MAGNETIC Trading Report - 13 August 2014

In summary we are still looking for a move to 6580 unless we trade above 6649. If we trade above 6649 first then its unlikely we will see a move to 6580…  [Signup For Mark's Full Trading Plan]