09:15am  ~  A nice lie-in for me today after a very late night in the Lord Nelson which ended with a poker game going onto 3am.  It would seem as though there’s so some severe weather coming along the east coast today so a walk along the beach and sea path looks like an worthwhile trip out this morning.  I have quite a few Skype calls this morning so a bit of chart watching while I’m here in the study will be on the cards I suspect.

Traders of the S&P would have noticed yesterday that the U.S. index failed to hold onto the 1800 level after an initial surge as their trading session commenced. Both the S&P and the Dow Jones 30 ended the day in negative territory with the initial shoot upwards mainly due to positive ADP Employment figures, but due to the upside down nature of fundamental trading at the moment, once traders realised this was quite good news, the markets then staged a sell off as Fed tapering is now a possibility at a sooner date than envisaged.  It has to be noticed, on a brighter note, that the S&P500 chart has formed a support level at 1780 so keep an eye on this level for day trading today.

Oil inventories came in lower than expected and provided a slight lift for the WTI price, and is now pushing up against an important resistance level on the daily chart. Gold had a good day and posted a nice rise after bargain hunters stepped in although there still seems to be some resistance at $1250 ( a previous support level)

11:15am   ~  I’ve been indoors for half an hour now so I have been watching a few favourite charts – and I’m in one position already, a ‘short’ on the Gold chart and there’s also a set-up getting itself together on my Brent Oil chart as well. Not been able to do any Skyping yet, the website is not allowing me in at the moment.

12:50pm  ~  My Gold trade is still meandering down slowly and it’s been joined by the previously mention Brent Oil position, that triggered a few minutes ago.

14:40pm  ~  I am out of my Gold trade with a profit of +104 pips — it was a set-up using the trendFX “Beginners” strategy. The Brent Oil price seems to have stalled slightly so as it is looking quite good already I may come out of that in a minute as well.

14:55pm  ~  Out of the market totally now – the Brent Oil position ended up at +39 pips.  The weather is getting worse, along with my broadband connection so I’m off out for a cycle along the beach to see what’s happening.

18:05pm  ~  I’ve just got back in after a bracing hour out by the harbour getting boats tied down properly so I am going to watch my charts for a while before we’re out for dinner at the Swan with friends.   Actually while I am typing this I can see on another screen an S&P500 short  position setting up with the trendFX beginner’s strategy. Report back later….

20:10pm  ~ Two good trades tonight on the S&P500 but no time to give details as we’re out in about 1.5 minutes so I will fill you in later – score for this evening was +48 and +20 pips

Daily Target Reached ?  YES (+211 pips)