Thursday, June 21, 2012

Another short trade on FTSE

The markets appear to have digested the FOMC meeting and minutes and I don't think they got what they were looking for.......

I re-entered another short trade on FTSE 100 at lunch time today.  You can see the indicators confirming the downward pressure on the price and I'm hoping this will translate in to downward price action.

I will monitor the price throughout the afternoon and may move my target downwards, depending upon the price action.

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