Tuesday 29th December 2015 – Afternoon

Tuesday 29th December 2015 – Afternoon

The FTSE 100 index traded in an upward sloping channel which slowly pushed lifted it past the 6300 level late this afternoon. After closing out the third trade from this morning for a handful of points, I placed two more trades which were both based on MACD divergence setups. The first was closed out for a healthy profit and the second, a counter-trend trade, was closed out for a small loss.

H019. FTSE TUE 29122015 PM