09:50am (CET)  ~  After a very late night yesterday I’ve had a bit of lie in this morning, and after breakfast it’s off to Calpe for some shopping to fill the fridge and wine cellar. Then a cycle ride up to Guadalest to clear my head before lunch.

The markets yesterday were dominated I suppose by the Debt Ceiling problem in the U.S. which partly caused the large drop on the open of the New York stock exchange, but as the reality of it sunk in, the main U.S. indexes came back to end only slightly down on the day.  This stalemate in Congress also hurt the U.S. dollar which lost 30 pips against the Euro and we also experienced a down day in the value of Gold as the price hit a resistance point on the 20 & 50 period moving average. More downward movement today ?

14:10pm  ~  Well I was going next door to join my neighbour for lunch but I turned on my MT4 charts on here in the study 15 minutes ago and as a result I am now in a ‘short’ position on Gold.  There’s nothing much else on the charts so I will just watch this trade carefully and make my apologies to Dieter next door.

15:15pm  ~  I am out of my Gold trade with very quick +293 pip profit. The market shot down very quickly and I was in fairly near the beginning of the move.  I am going to carry on with some emailing – plus I have two Skype calls booked between now and 4pm.  I am playing tennis with my neighbour later on.  For a small wager.

18:05pm  ~  My tennis match is at 7 o’clock so I’ll watch my S&P500 chart until then just to see if there are any “Trade With A Day Job” trades – as I’ve said previously I’m not that worried about trading every day but if I do have a trade I can send the details over to new students of the system so they can see the strategy in action – for educational purposes.

18:35pm  ~  Well that was blooming quick – I had a long trade opportunity come up and within a few minutes I hit my 20 pip target as the S&P500 shot up a couple of minutes ago.  Off for the match now, then dinner at the Yacht Club afterwards.

Daily Target Reached ?  YES (+313 pips)         I traded for just over an hour this afternoon.