9:00am ~   A late start for me today, I’ve just got up and wandered down here to the kitchen for a spot of breakfast – and fired up this laptop to read some news. Today the European Central Bank is releasing some more fundes for their Longer-Term Refinancing Operation scheme and the markets may well trade sideways for a while to see the numbers that will be released later. You can read more about the subject here.

It is expected that mainly Italian & Spanish Banks will take the bulk of these loans, so I’m staying out of the market for time being as it’s suicide to trade in a low-volume sideways market. There will be plenty of action later on in the day so there’s no need for me to be concerned now about trading. I’m going to have a nice cycle ride after breakfast and then some shopping at Bluewater in Kent before lunch for a couple of hours and then back here this afternoon to catch up on some emails and do a couple of Skype sessions with prospective customers.

I heard earlier this morning that we’re going to have to cancel the break to Egypt as the friend who was coming with me broke his arm in a motorbike accident last night, so we’re postponing it for a while. I still fancy some winter sun, so I may take myself off to Portugal next week anyway.

I will report back later if I get some trades with my “Evening” trading system.

9:20pm -   I sat down here at 5 o’clock to watch for any signals on my “Trade With A Day Job” evening system and almost immediately I could see a potential set-up and I was quickly in a short trade. As we all know, not all trades work out and this one was stopped out with a small 17 pip loss, and I continued to watch for any more possibilities. The market was jumping around a bit for the next hour so I also switched on a chart from my trendFX collection of systems and began to watch for the simple pattern I needed to enter a trade. Just after 7 o’clock I saw a clear signal, and a few minutes later I was in a short trade on the S&P500 index. The price very quickly shot done in the direction I had predicted, and I closed the trade off a few minutes ago with an 81 pip profit.

Time to open a bottle of wine and get some supper on the go now, it’s been quite a late night of trading for me, I usually like to be finished around 7 o’clock !

Daily Target Reached Today ?  YES (+64 pips)      I just traded the evening session today