Trading Diary ~ Monday 8th July 2013
07:35am ~ After many days being laid-out with a stupid virus, I am glad to be back here in the study firing-up my laptop to watch a few favourite charts. I also have some Skype calls to do with potential students who want to learn to trade and a pile of emails to get through as well.
After the U.S. Bank Holiday and Non Farm Payrolls last week, the markets seem to be staging a revival this morning after a brief drop on Friday afternoon. I can see a possible ‘long’ trade on the S&P500 starting to develop so I will keep an eye on that chart – and it seems like the price rise on the Brent Oil chart is over temporarily, so that may give a ‘short’ opportunity soon. I will report back later this morning with any trade details or scores.
10:15am ~ I am still here in the study – and so far I’m in the market with a ‘long’ position on the S&P500, a ‘short’ on Brent Oil and I’ve just got into a EUR/USD trade. So far things are moving slowly but surely and overall I am just in profit overall.
16:25pm ~ Well, it’s been a busy day trading wise, since my last report I entered one more position (Gold) and have subsequently come out of them all now. My scores are as follows: S&P500 +105 pips, Brent Oil +25 pips, EUR/USD +16 pips and Gold +80 pips — giving me a combined score of +226 pips. I am off for a cycle ride down by the river and shall be back soon to watch my S&P500 chart for any trading opportunities with my “Trade With A Day Job” evening system. Coincidentally, if you are a U.S. resident and you want to trade the e-mini, you can do it with this trading system as well.
21:05pm ~ I had just one trade with my ‘evening’ system tonight, it was a short position just before 6pm and it came out at a 20 loss. So overall I managed just over 200 pips for the day’s trading.
Daily Target Reached ? YES (+206 pips) I traded for most of the day today