07:35am (CET)  ~  A nice early start for me today as a lot of tradesmen over here tend to work first thing in the morning and then have a (very) long lunch break. I have an electrician coming in to sort out some very old wiring in a minute and also a bricklayer to sort out a crumbling wall in the garden. While that’s going on I’m going to be here in the study watching some charts and catching up on emails. It has been suggested by ‘Head-Office’ that I should perhaps do some decorating in one of the guest bedrooms today but chart-watching is far more interesting in my humble opinion….

The markets yesterday seemed to shrug off the problems in Congress regarding the debt-ceiling and the Dow Jones and S&P500 ended mainly ahead for the day, although the London FTSE100 index formed a Doji on the daily chart through a broadly ‘flat’ day’s trading. As mentioned yesterday, the Gold price hit a resistance level at two intersecting moving averages on its daily chart and as a consequence had a sharp move down for most of the day, a move which I caught using one of my trendFX strategies.  Oil prices staged a down-day yesterday but U.S. Weekly Crude Stockpile Levels are reported later today so there may well be a move upwards off the two-day support level at $101.

08:30am  ~  I am currently in the market with a ‘short’ on my S&P500 chart. The current score is minus 3 pips but my trendFX strategy 3 set-up is suggesting a good move down from here. We will see.

09:55am  ~  I’m out of the market now, the S&P500 moved down quite well over the past 90 minutes, and I am currently sitting on a +73 pip profit for the day.

10:50am  ~  Just spotted another strategy 3 set-up, this time on my Brent Oil chart, I am now in a ‘long’ position with a very slight profit.

14:20pm  ~  Off for a late lunch now in Calpe. I came out of my Brent Oil trade a short while ago with a 64 pip profit.

17:25pm  ~  After a very long lazy lunch I’m back home now and ready to do a bit of chart watching with my “Trade With A Day Job” strategy. It kicks off at 5 o’clock UK time, 6pm over here and I shall watch the S&p500 chart until 7:30 when we’re off out for the rest of the night at a poker evening with a neighbour up the road. I’ve just looked at a couple of charts and while I’ve been out this afternoon there’s been some quite profitable trades I have missed.

19:30pm  ~ That’s me done with trading for the day, I had two (long) trades this evening with my beginner’s strategy one after the other and both coming out at 20 pips profit each.

Daily Target Reached ?  YES  (+177 pips)     I have traded on and off all day

Here’s a chart screenshot of my earlier S&P500 trade that I took a few seconds after I came out of the market.

CLICK ON IMAGE TO ENLARGE