![\"BLOG_PIC1\"](\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2017\/02\/BLOG_PIC1.png\")
<\/a><\/p>\nMaybe obvious: What the report covers!\u00a0<\/strong><\/p>\n But please note, we look at the Futures<\/u>, not the \u201cCash\u201d Index for Equity Indices, so there may be a difference in price and you need to adjust accordingly if you\u2019re trading the \u201cCash\u201d Index.<\/p>\n For example at the time of writing this report March \u201817 Futures were trading at a 16 point discount to the \u201ccash\u201d Index, so that 7192 level at S6 is actually 7208 on the \u201cCash\u201d chart.<\/p>\n <\/p>\n <\/p>\n Candlestick Chart;<\/strong> generally daily\u2026<\/p>\n Green candles are days where the market closes higher than where it opened, so bullish days.<\/p>\n Red candles are formed when the market closes below it\u2019s open.<\/p>\n Sometimes we will post \u201cday session only\u201d charts that strip out the overnight price action. Important gap levels can be gleaned from these charts.<\/p>\n <\/p>\n <\/p>\n Market Profile chart.<\/strong> Shows the previous day\u2019s Profile.<\/p>\n The small box below shows the following values(for the previous day’s Profile):<\/p>\n TPH \u2013 Value Area high using TPO count<\/p>\n TPL \u2013 Value Area low using TPO count<\/p>\n The long blue line on the Volume Profile histogram is the TPO POC<\/p>\n All three of these levels are worth keeping an eye on the following day.<\/p>\n We also highlight vacuum support or resistance levels with a horizontal blue line.<\/p>\n <\/p>\n <\/p>\n \u201cManual\u201d levels;<\/strong> from our Analysts\u2019 daily review.<\/p>\n Levels in bold<\/b> are deemed most important.<\/p>\n If a level is in brackets it means it could be support or resistance.<\/p>\n A level with a \u201c*\u201d next to it is an all time high\/low.<\/p>\n <\/p>\n <\/p>\n \u201cAutomated\u201d levels;\u00a0 <\/strong>As it says, all of these levels are generated by CQG and are as follows:<\/p>\n Open, high, Low, Close, Change \u2013 Self explanatory<\/p>\n <\/p>\n <\/p>\n \u201cPivot Points\u201d<\/strong>: 7 levels<\/p>\n R3 = H + 2( PP \u2013 L)<\/p>\n R2 = PP + ( H – L )<\/p>\n R1 = ( 2 x PP ) – L<\/p>\n PP = ( H + L + C ) \/ 3<\/p>\n S1 = ( 2 x PP ) – H<\/p>\n S2 = PP- ( H – L )<\/p>\n S3 = L – 2( H – PP )<\/p>\n Pivot Points were commonly used in the days of Pit trading but are not (IMO) so relevant now, although are still referenced by many traders, hence we include them in our reports!<\/p>\n <\/p>\n <\/p>\n Market Profile Levels:<\/p>\n Yest MPHI \u2013 Yesterday\u2019s Value Area High \u2013 using volume (tick for FX) data<\/p>\n Yest POC \u2013 Yesterday\u2019s Volume Point of Control (tick for FX)<\/p>\n Yest MPLO \u2013 Yesterday\u2019s Value Area Low using Volume (tick for FX) data<\/p>\n <\/p>\n <\/p>\n Moving Averages:<\/p>\n 10, 20 and 50 day Simple Moving Averages<\/p>\n If these are in bullish order they will all be green<\/span><\/p>\n If they are in bearish order they will all be red<\/span><\/p>\n <\/p>\n <\/p>\n ATR \u2013 Average True Range<\/p>\n This is (in simple terms) the average daily range over the last 10 days, and is used by traders to tell them whether\u00a0 markets may be getting \u201cstretched\u201d at extremes, or whether you are experiencing a session of more extreme volatility<\/p>\n <\/p>\n <\/p>\n RSI \u2013 “Relative Strength Index” Momentum study<\/p>\n Green<\/span> = Overbought<\/p>\n Red<\/span> =\u00a0 Oversold<\/p>\n The \u201ctheory\u201d behind this is that a high reading for the RSI (anything over 75) says the market is get \u201coverbought\u201d and possibly due a correction lower.<\/p>\n Conversely an RSI reading below 25 says the selling has maybe gone too far.<\/p>\n <\/p>\n <\/p>\n Commentary:<\/strong> All fairly self explanatory<\/p>\n Text in Italics<\/i> is from previous days.<\/p>\n Text in red<\/span> is an update.<\/p>\n \u201cShort term trend\u201d is the 2-4 week trend on the daily chart<\/p>\n \u201cMedium term trend\u201d is the \u201cbigger picture\u201d direction on the weekly charts.<\/p>\n <\/p>\n <\/p>\n On our Futures reports we post 7 support and 7 resistance levels and also our very own \u201cinvention\u201d; the \u201cSkewBar\u201d, coloured in Green, Grey and Red.<\/p>\n This is a levels based short term trend indicator<\/u>.<\/p>\n Grey = Neutral<\/p>\n Green = Bullish<\/p>\n Red = Bearish<\/p>\n So for this report we are bullish above 7192, neutral below here. There is no red element showing, so we\u2019re a long way from being bearish!<\/p>\n <\/p>\n If you have any questions or queries please do drop us a message here<\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" We have had a phenomenal response to our recent “Freebie” offer of 2 months’ Analysis on the FTSE and Cable, to help navigate through what could be a pivotal few months for the UK. On that basis we have a whole load of new readers, so I thought it would be useful to take a look at what’s in our …<\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n