Here is some Ftse homework…
I am not going to indulge wonderful testimonies here, or try and string this out for all it is possibly worth.
Right now, there is not a great deal to write about, as the markets are boring me.
However, what is boring is soon to be very much as exciting as a trader could wish for.
Check out the chart below…
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Email me if you cannot see chart
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Now, if it sells off OVER half the distance between the HIGH set on the 11th Jan and the 20-day MA green line.
It then rallies back up to 5500 on the 14th, which is back above that half level again. Then on Friday, it sold off back toward the 5450 level again, which again was over half the distance between the recent high on the 14th and the green 20-day MA.
So what should you have done on BOTH these occasions, on the 11th and Friday the 15th? YES, place a High No Touch trade.
It has happened today again on the Ftse, whereby at Midday the market was trading 45 points lower at 5450 again.
I placed a High No Touch trade again. Only a small one, but I may well be placing another for my clients again, as soon as I see a dip back below this level.
Even though it seems to rally back a little each time it hits the 5450 zone, there is massive resistance at 5500 and 5550.
The same trade is going on for the Dow and S&P, so we need to see dips back below 10600 and 1138 respectively.
I will be in touch again very soon
Any questions on the above, get back to me on; fixedoddstrader@aol.com
Matt Shaw
www.fixedoddssuccess.com
P.S. If you received my last email about Vince’s day and could not get through, here is the site again: www.milliondollartraders.tv Check it out Now!!! Your Free 3 profitable trades are waiting…
P.P.S. For 2010 I have several small seminars planned. First though, I will be doing 2 Private Sessions. I was not available for December like I had hoped, so I will be taking on two sessions for 2010 and then that is it!
The small seminars will be in spring, but not as in depth as the Tuition. Email me for more info on either if you wish; fixedoddstrader@aol.com
