The market sold off yesterday afternoon and this morning it pushed up again. Overall I’m still bullish, so looking to trade any suitable pullbacks to previous support and resistance levels like 6410. Again will wait for price action before placing any trades.

First post on the blog so I’ll make it brief.

I’ll trade the FTSE over the next couple of weeks and see how I get on – if things pan out as expected then I’ll expand into a few other markets, possibly the DOW or the DAX.

I’ve traded various markets in the past including forex but love trading indicies and seem to have better results focusing on one or two markets at a time.

My potential trades for the day are marked out on the chart below. Note that I mark out key levels of support, noticeable trendlines or channels, and try to use the MACD histogram to signal suitable entries (or sometimes the moving averages). Also I have the higher timeframes very much in mind and try to look to buy the market if bullish and vice-versa.