11:55am  ~  Bit late for today’s ‘Market Update’, I have only just got back from the trip to Belgium.  Time now for a shower and some lunch and then into the study this afternoon for some emailing and chart watching while I also get on with finishing off my Trading Psychology book, the current project.

Market Close Wednesday 17th Sept. 2014:  Dow Jones 30  +24.88 @ 17,156.85  S&P 500  +2.59 @ 2,001.57  NASDAQ  +6.29 @4,073.57  FTSE 100  -11.34 @ 6,780.90  DAX 30  +28.57 @ 9,661.50  CAC 40  +22.26 @ 4,431.41

12:35pm  ~  A UTB Pattern has just appeared on my S&P 500 chart and if the price gets down below 20102 I will enter a ‘short’ position.

12:55pm  ~  The price moved down sufficiently so I am now in a ‘short’ on the S&P with an 18 pip stop loss. I will usually just watch my chart every 15 to 30 minutes if I have a trade on but with it being around the U.S. trading session open I shall watch it constantly for signs of adverse volatility.

14:35pm  ~  Price movement is getting quite volatile as you would expect at this time of the day so I have come out of my trade – I’ve ended up with +33 pips.  Just taken a chart screenshot of the trade to send to students in a minute.

15:00pm  ~  That’s me done with trading for a while, a friend needs some help down at the harbour with his boat so I’m going down there for the rest of the afternoon/evening

Daily Target  +20 pips

Pips Achieved  +33 pips