08:35am  (WET) ~  I’ve a pile of emails to catch-up on this morning after spending a lot of yesterday out on the water, so I’ll watch some charts at the same time.

The Dow Jones 30 daily chart produced a second spinning top in succession yesterday (as did the S&P500) hinting towards trader uncertainty about more buying in the current climate. Traders who wanted to look away from the U.S. domestic economy for inspiration concentrated on the fact that there 150,000 Russian troops getting their kit ready for a march into Ukraine – generally the markets hate uncertainty like that.  Over in London – the FTSE100  has long since retreated from Monday’s high and is now looking for support somewhere – not sure where yet as 6800 was no real help in propping up the index.  This type of sentiment often pushes investors into Gold but new highs after yesterday’s Asian session brought out some profit taking and it fell $10 on the day, down to $1330 although there seems to be some brief change in sentiment this morning by the look of the chart.

08:55am  ~  There does seem to be something going on with the Gold chart this morning, there looks like another UTB set-up bracing itself for a move upwards.

09:15am  ~   I am in a ‘long’ Gold position with a 26 pip stop-loss.

10:05am  ~  My Gold position is doing ok but nothing much else to get excited about on my MT4 platform at the moment.

12:20pm  ~  After a good run-up the Gold price hit what seems to be a ceiling around 13335 so I am now out of the market as we’re off for a cycle ride shortly. I have managed +64 pips.

23:40pm  ~  Having some problems with the broadband here, this is the first time it has come back on since earlier this evening.  As far as the markets are concerned, I had two trades earlier with my “Trade With A Day Job” evening system – the 1st one dead on 5pm which was stopped out at minus 15 pips and a 2nd one just after 7pm which ended up at +22 pips when I came out of the market at 19:50pm.

Daily Target Reached ?  YES (+71 pips)