Trading Diary & Market Update ~ Friday 18th October 2013
09:55am ~ Last night on the markets the S&P500 ended at it’s highest point since this time last month, and economic news out from China will keep optimism high for today I should imagine, as their GDP figure has eventually gone back into positive territory after two quarters of negative growth. Overnight, WTI (Oil) futures gained on the back of China’s news as well, as demand looks like climbing once again. Gold had a good run up yesterday as well and has now hit a MA resistance line on the daily chart, so we may see a bit of selling later today.
I’ve some chores to do around the house ahead of a long weekend away in London for myself and the blonde, but I will do a bit of chart watching later on.
11:45am ~ While sorting out some 73 year old wiring in the in the cellar I got into a ‘short’ position on my Brent chart about half an hour ago - I was glancing at the market on this laptop every 20 minutes or so while digging through a wall. I was only watching two charts so there may well have been some more set-ups that I did not notice.
13:00pm ~ Time for lunch with some buddies at the Lord Nelson so it’s away with the tools and the Brent trade is also history – it came out fairly well, I ended ahead by 41 pips.
15:45pm ~ Back from lunch and will be off to London as soon as the taxi arrives.
Daily Target Reached YES (+41 pips) I traded late morning.