Trade Plan for ASX 200 & FTSE (Tuesday 02/01/2018)
Happy new year to you all and happy trading for 2018.
I have all of you had has some good return from the Christmas rally. I normally don't trade the first week of new year, I tend to wait for things to settle down and wait for the market to give some direction.
Only trade I will be looking for on Tuesday is the 1-hour opening break and also 1-hour Bollinger band (on the sell side) for the ASX 200.
FTSE we can look for direction after Manufacturing PMI new release, this should affect the pound. 15 min Bollinger band trade has been good, given me consistent return over the past few weeks.
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