Thursday 12th January 2012 ~ Interest Rate Decisions For UK & Europe
9:15am ~ I think the interest rate announcement by the European Central Bank and The Bank Of England are a bit of a forgone conclusion, but I still expect some of the currency markets to be low in volume for the first few hours of trading today. Expect rates to stay as they are for the moment.
I have two meetings today, planning officers and architects are coming over here to sort out a property development, so I will not be doing much trading, although I will keep an eye on the S&p500 index every few hours, just to see if I can spot an opportunity to grab a few pounds from the market. I also have a couple of Skype calls at lunchtime with prospective customers of Markets Mastered.
I will report back later regarding my daytime and evening trading.
8:00pm ~ I have just shut off my trade with my “Trade With A Day Job” evening trading system, it started with a signal just before 7pm. I managed my usual target of +20 pips.
Earlier, just after lunchtime, I got into an S&P500 ‘short’ trade which lasted for 2.5hrs and gave me a profit of +106 pips. I was only watching one chart as I was involved in meetings, so could not concentrate on trading 100%. I can now appreciate how part-time traders work when they are at their day jobs and have to sneak in trades between what they should be doing, and also watching out for the boss !!
Daily Target Reached ? YES (+126 pips) I traded for 2.5hrs this afternoon plus a few hours this evening