Monday 4th January 2016 – Afternoon
The FTSE continued its decline from this morning’s session and despite a small recovery after lunch it ended up sub-6100 at the close. I managed one more trade this morning which was a counter-trend trade off intraday support (ideally I should have waited for the market to test the 6100 level) and was swayed by a little class-B MACD divergence pattern that was developing at the time. This afternoon I managed to get back in sync with the market and shorted off an intraday resistance level with MACD divergence (in the opposite direction) which worked out.