09:35am  ~  A happy St.Valentine’s Day to you all. It’s a late start for me after an extremely late night and I have a few errands to do before going off for a long weekend skiing.

The Dow Jones index seems to have hit resistance at the 16000 level and yesterday retails sales numbers was down on expectations but corporate earnings seems to be stopping an outright fall in the market. Over here in London the FTSE100 is still obeying the 6700 resistance and ended broadly flat yesterday after a 70 point trading range movement and in Europe we have GDP numbers that have caused slight ripples in the EUR/USD chart earlier.

Continuing bad weather in the U.S. is holding up WTI crude values and the support level at $100 seems in tact so far, and Gold is also staying above the psychologically important $1300 as investors are increasingly seeking safe-haven investments.

09:55am  ~  I can see a possible ‘long’ trade setting up on my Gold chart, so I’ll hang on a short while to see what happens before I go out shopping.

10:30am  ~  I am in the Gold trade using strategy 4 from my trendFX collection of systems. Stop loss is 16 pips.

12:10pm  ~  I’ve come out of my Gold position as I am getting grief from The Blonde, there’s much shopping to do apparently !  I’ll give full details of the trade later when I get back home, but a glance at your own chart will confirm a reasonable profit was achieved.

15:05pm  ~  Back from town now and now a quick pack of bags and we’re off to Southend Airport.  My Gold trade earlier took advantage of the large rise in its price today although since the U.S. trading session open it really just been treading water. Now it’s broken the $1300 level, the next significant number looks like $1325 and then $1360 the high at the end of October last year. I came out at 1318.7 giving me +96 pips.

My trading has given me +346 pips this week since Tuesday.

Daily Target Reached ?  YES  (+96 pips)