07:50am  ~  Fairly quite day for me today here at home, a few Skype calls this morning while I do some emailing and chart watching.  An extended cycle ride will be fitted in at some stage as I did not go out at all on Sunday/Monday. Later on this evening I am off to Bruges for a friend’s birthday trip.

Standing on the sidelines was the order of the day yesterday as most traders are eagerly awaiting the outcome of the Federal Reserve meeting which kicks off today and then there is the Scottish Independence Referendum results on Friday so there’s a marked reluctance for placing any large positions as nobody really knows how the outcomes are going to pan out.  There does seem to be a marked reluctance in most equity markets since the end of August to forge higher so maybe the summer bullish trend maybe coming to an end, all will become clearer by Friday evening.  There is UK inflation numbers out at 9:30 this morning but the vote on Thursday will affect the Bank Of England’s future direction more I would imagine and there is also U.S. Producer Price Index numbers released at lunchtime so there is something for traders to get their teeth into during today’s session.

The WTI Crude price ended up finally after a fairly volatile day and is still obeying the $91 support level – for the time being, it ended the day at $92.82. Over here in the UK, Brent Crude had a similarly volatile day bouncing around the $96.50 support line but overnight futures trading has seen a move upwards and is currently sitting at $97.86.  It would seem that Gold prices were given a boost yesterday by increased Indian demand so the fall in value that began in July has been temporarily halted and overnight Asian trading is keeping the price up around $1235

Market Close Monday 15th Sept. 2014:  Dow Jones 30  +43.63 @ 17,031.14  S&P 500  -1.41 @ 1,984.13  NASDAQ  -39.35 @4,029.89  FTSE 100  -2.75 @ 6,804.21  DAX 30  +8.50 @ 9,659.63  CAC 40  -13.07 @ 4,428.63

09:20am  ~  The markets are settling down now after the session open here in Europe and the only possible opportunity I can see at the moment is a potential ‘long’ trade on my WTI Crude chart using the ‘Magic-Line’ pattern.

09:35am  ~  The WTI price has risen sufficiently to allow me a ‘long’ entry in that market – I have a 16 pip stop loss.  If you do not have a copy of the ‘Magic-Line’ trading system manual please contact me and I will send you one free of charge.

11:15am  ~  Who insisted men cannot multi-task ?  While on a Skype call 15 minutes ago I also closed off my WTI trade, I have come away with a +26 pip profit.   Off for a cycle ride now, been sitting at my desk for too long this morning.

14:40pm  ~  Been back from lunch for ten minutes and I can see a possible ‘short’ trade on my Gold chart – it’s a trendFX pattern.

14:55pm  ~  I am in the Gold position with a 29 pip stop loss.

17:15pm  ~  Just got in from some gardening and seen that my Gold position has been stopped out at -29 pips. Will watch my S&P 500 chart for a short while to see what comes up in the way of “Trade With A Day Job” set-ups for a few hours before I am off.

18:05pm  ~  Now in a ‘long’ position on the S&P, stop loss is 19 pips.

18:45pm  ~  I have closed that position off at +33 pips as I am off now to Bruges in Belgium via Clacton Aerodrome for a friend’s (surprise) 50th.  Back on Thursday morning hopefully, so diary and market updates will resume then.

 Daily Target  +20 pips

Pips Achieved  +30 pips.