Trading Diary ~ Tuesday 29th January 2013
11:55am (CET) ~ We arrived back here late last night, so no trading for me yesterday, but I did manage to watch some charts earlier this morning – and one opportunity showed up on the S&P500.
The UK markets have staged a bit of a move downwards after the strong uptrend that began earlier this month. The FTSE100 hit an all-time high yesterday lunchtime just as the U.S. markets opened positively, so today the index has unsurprisingly been subject to a large amount of profit-taking and the trade I’ve just come out of was a ‘short’ on the S&P on the back of this downtrend – I managed a small profit of +28 pips. I entered the market just after 10:15 and the market came down quite quickly, helping my position no end.
I am now going to email over the trade details plus a screenshot to customers then off for a cycle ride up towards Guadalest now, and will have a late lunch while I am up there. It’s around 23kms there, so not a long ride for me. I will report back later if I do any evening trading.
10:15pm (CET) ~ A few moments ago I came out of my second trade of this evening session. Both my trades were on the S&P500 and the first was entered at 18:40 and the other one 50 minutes later. They came out profitable in the end, I was out of the first one 30 minutes ago with 20 pips, and this last one gave me +35 pips.
Daily Target Reached ? YES (+83 pips) I trade for a couple of hours this morning plus the evening session.