I would like to wish all readers a very Merry Christmas, I will be posting here again in the new year after a holiday away for a week. I hope you’ve all had a enjoyable, safe and successful 2013 and are looking forward to an even better 2014

08:15am  ~  For most traders this is the last day in the markets before the Christmas break although there will be trading on Monday and a few hours on Tuesday for a lucky few with severely reduced volumes on the main indices and plus foreign exchange markets.  I am at home this morning so may [...]

09:45am (CET)  ~  I am slightly later this morning with today’s market update as I am rushing around before catching a plane back to the UK at lunchtime. Well - The big news yesterday was that the Fed has decided to taper its quantitative easing policy by $10 billion per month, to $75 billion. Chairman Ben [...]

07:55am  ~  Up early and not much time for trading today as I am back to Essex this morning for meetings with builders and solicitors soon and then flying to Palma Majorca later to sort out a property over there. On the markets yesterday there was a rather choppy session – both the Dow Jones [...]

08:05am  ~  No market update yesterday as I was still away in Norfolk on a long-weekend break but I got back home very late last night so will be watching my charts this morning and also doing a few Skype calls with new traders. Over in the U.S. yesterday, their production figures showed a bigger [...]

Customer Bob Brasted sent this email and chart in today. His trade was on the S&P500 4hr chart and was a UTB set-up from my “Any-Time” collection of strategies. He got 301 pips from the trade. Firstly, here’s his email (click on images to enlarge/view)   And here is his chart:   The UTB strategy [...]

07:45am  ~  More DIY round the cottage this morning plus some Skype calls, although all the electrical work in finished so we’ll have power and internet for the day.  It is cloudy but clear outside today so I’ll be off on a cycle ride in a minute followed by breakfast on a friend’s boat down [...]

07:35am  ~  Speculation about a possible Fed taper sent US markets sharply lower again yesterday, they suffered their worst falls in four weeks and this is likely to translate into a lower open for European indices this morning.  As I have mentioned previously, the S&P500 daily chart did look like it was ready for a drop as it [...]

09:10am  ~  I was not able to report on my evening trading on here late night as I closed off my last trade of the session a few minutes before 8pm and then went straight out for a very late evening playing poker. I ended up having two trades using my “Trade With A Day [...]

08:00am  ~  The S&P500 pushed higher again yesterday and finished with another record high although its momentum was curtailed slightly during the last half of the U.S. trading session due to FOMC member James Bullard indicating that tapering may well start as early as next week’s Fed meeting – this has put markets into a [...]