I have been in the markets as an independent trader since 2003. I use various profitable strategies based on technical analysis, cyclical analysis and financial analysis. My training has been enhanced by obtaining a degree in the economics of financial markets, attending various courses, a trainee-ship with industry professionals, as well as the study of several fundamental books on financial markets. I would like to emphasize my almost total dedication to this activity. The continuous strive for improvement, in order to be more uniform and connected to the market, makes this work one of my greatest passions. I strongly believe that recognizing and understanding "the sense of timing" is a great skill for a trader. Any asset that is subject to supply and demand at least from a buyer and a seller, who act with a common interest “undermined" by psychological behavior. A trading system seeks “to eliminate” the dangerous human psychology component.

Thursday, 13 June 2013

Ftse MIb daily

I think that the annual cycle started at the low pivot point around 12500 on July 2012. The cycle closed two T+3 so far and now is going to close the third, the moving averages can confirm this.
Probably the Ftse Mib is going to test the MA at 330 periods (the black one) around 15500.
In my opinion it is very important to respect this MA because if the price breaks down the moving average it could be a sign of a prolonged bear market.

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