Trading Diary ~ Tuesday 12th March 2013
9:40am (UK time) ~ Got back to the UK late last night, it seems that the east of the country has been particularly badly hit with strong winds and snow storms. Missing the sun already…
In the financial markets this morning, the FTSE100 index has started strong again on the back of yesterday’s record high finish of the Dow Jones index, it hit another recent record at 14447 as it closed last night. The FTSE has not been above 6500 since 2007, and as I write, it is nudging just over that level, although a friend I’ve just spoken to at a London Spread betting company has hinted at a lot of short positions on the FTSE100 with his clients, so maybe we’ll see a decline later today ? Or some customer losses perhaps ?
I have some jobs to do around the house this morning, but I’ll also keep an eye on some charts to see if there are any trade opportunities.
1:10pm ~ I’ve been pottering around the house and also done some errands in town, and overall the markets have been very boring this morning – with not much movement at all. When the markets are range-bound, my systems will keep you out of trades, but then thankfully I had a signal start to develop around 30 minutes ago, and 10 minutes ago I did get into a ‘long’ trade on my Brent Oil chart. Quite surprisingly, the price shot up and after just two minutes I came out of the position with a small 26 pip profit.
4:30pm ~ I’ve spent the afternoon here in the garage getting on with a long, slow restoration project, and at the same time kept an eye on this laptop for any further trades. To update you, I’ve had another Brent Oil trade, this time we had a reversal position which kicked off just before 4pm and ended 5 minutes ago. The profit was 52 pips, slightly better than my earlier trade. I’m going to keep watching my MT4 platform now as we’ve got my “Evening” system getting going.
6:15pm ~ I have just come out of my 3rd trade of the day, it was a “Trade With A Day Job“ evening system set-up and lasted just over the hour. The day on the markets for me started reasonably slowly, with quite a few range-bound charts, but I’ve ended ok with this last trade coming in at +27 pips and +105 pips total.
Daily Target Reached ? YES (+105 pips) I have traded on off for most of the day since just before 10am this morning