08:05am CET (7:05am UK)  ~  I have an interesting cycle ride coming up in the next hour – my neighbour has organised a ride around the bay to Punta Sabater for a late breakfast for 15 of us – then back here for some chart watching and emailing/Skype chats upto lunchtime.

Markets started well yesterday before U.S. trading began but the European late afternoon session saw falls due to unexpectedly pessimistic American CPI numbers together with terrorist activities in the Parliament building in Ottawa. Traders are now speculating whether the last few days of bullish momentum off the lows were just short term bargain-hunting so today’s market activity will give everyone a clue as to where the market is going in the run-up to the end of the month.

Crude oil suffered more drops yesterday as inventory numbers in the U.S. showed an increase in stock following subdued demand – WTI Crude dropped down to $80:34 at the end of the session and overnight touched the support level at $80 although it has recovered slightly in the past few hours. In the UK, Brent Oil also fell on news of U.S. stock levels and is now heading back towards last week’s low of $82.50 so watch out for bearish opportunities today.

Market Close Wednesday 22nd Oct. 2014:   Dow Jones 30  -153.49 @ 16,461.32  S&P 500  -14.17 @ 1,927.11  NASDAQ  -21.81 @ 3,949.59  FTSE 100  +27.40 @ 6,399.73  DAX 30  +53.18 @ 8,940.14  CAC 40  +23.85 @ 4,105.09  IBEX  +97.800 @ 10,249.90

11:40am CET  ~  Back from my ride so some emailing/Skype calls here in the study now together with occasional chart watching, I’ll report back if I get into any trades.

11:45am  ~ As soon as I’ve glanced at my charts I can see a possible ‘short’ trade on my Gold chart – it’s from the trendFX collection of strategies — more soon.

12:00 Midday  ~  The Gold price has moved down sufficiently for me to enter a ‘short’ position with a 25 pip stop loss. It is a strategy 3 set-up from the trendFX manual.

13:20pm  ~  There seems to be another trendFX opportunity setting up on Brent Crude chart, a move above 85.05 will trigger a ‘long’ trade.

13:50pm  ~  I am in the Brent Crude trade, the price seems to moving north quite quickly.  Currently still in my Gold position, its doing ok so far.

15:20pm  ~  I am still in the Gold trade but I’ve come out of the Brent Oil position – the score is +67 pips.

16:45pm  ~  Have just exited the Gold trade as the bargain hunters have briefly moved in, I have managed +101 pips.  Going outside now to help the builders for a while.

19:05pm  ~  Back inside now and going to watch my S&P500 chart for a couple of hours to see if there’s any “Trade With A Day Job” set-ups.

19:30pm  ~  Just entered a ‘long’ position on the S&P chart, my stop loss is 19 pips.

20:35pm  ~  Happy with the progress of my “Trade With A Day Job” position so I closed it off a few minutes ago. The score came in at +70 pips.

Daily Target  + 20 pips

Pips Achieved  +238 pips.