Tuesday 1st November 2011 ~ UK GDP Figures Released This Morning
09:15am (C.E.T.) I was up quite early this morning as I am returning back to the UK later today. I had a walk along the beach at 7 o’clock, and after a quick breakfast I switched on my laptop (at 8 o’clock) and had a look for some trade signals with my trendFX system. Almost immediately I could see a possible trade developing and at 9:03am I was in a short trade on the S&P500 index. It very quickly moved in the direction my signals suggested and 6 minutes later I was out with a profit of +31 pips. A quick bit of packing and I’m off to Alicante Airport to drop the hire car off and back on a friend’s plane to Duxford Aerodrome near Cambridge.
The markets in Europe this morning have posted some heavy losses of around 2-3% and the FTSE100 index may see some further strong moves around 9:30am GMT when the UK GDP Third Quarter figures are released by the Government’s Office Of National Statistics
6:00pm (GMT). I did get home here to Chelmsford a few hours ago, so I managed to get my laptop switched on at the normal time. Within a few minutes of my chart coming up on the screen I could see a potential trade signal on my “Trade With A Day Job” evening system and two minutes later, I was in a ‘long’ trade on the S&P500 index. Ten minutes into the trade I was out with a +30 pip profit – so all in all a good day’s trading.
I shall have a relatively early evening as I am heading off first thing in the morning for my weekend cottage in Suffolk for a few days by the coast.
Daily Target Reached Today ? YES (+61 pips) I traded for just over an hour this morning plus 15 minutes this evening