Well the market rarely does exactly what you anticipate it to do. The FTSE fell out of the trading range that I spoke about this morning, continued its decline and later managed to rally up during the afternoon session. The first trade this morning was counter-trend and based on divergence between price and the MACD histogram bars which I closed out for a loss (they don’t always work out). The second trade was better, trading with the higher time frame trend off another MACD divergence setup, and also looking for an interchanging support and resistance level to hold.