08:25am UK time  ~ A late start and quiet day at home for me today after a busy one yesterday, so I will report back here if I have any trades.

There was another case of good news is bad news for equities yesterday as U.S. markets ended down on the day as new home sales numbers were encouragingly higher prompting fears amongst traders that the impending rate rise may occur before the end of the year – and later this morning a speech by Fed member Charles Evans in London will be watched closely for more clues on the timing. The markets across the Atlantic eventually ended in negative territory after a brief surge at the start of Tuesday’s session on the encouraging housing numbers and both main indices are now well off their highs and also showing signs of being overbought on the daily timeframe. Here in Europe the effects of the ECB’s bond buying programme is starting to bear fruit although it does seem to be just Germany that is benefiting, with France and the smaller EU countries lagging behind and with recent Greek developments regarding their debts traders are on heightened alert for an exit from the Euro – the odds are shortening in the past few days with many traders talking of a 50:50 chance now.

Crude oil is still at the forefront of market news as the latest U.S. stock numbers are revealed just after lunchtime today and this week’s expected numbers suggest a build of nearly 5 million barrels so yet again storage capacity is nearly depleted which will mean that some of the stock will have to sold off at bargain prices to make way for new supplies – and that coincides with an overbought situation on the WTI Crude daily chart together with a nice reversal candle for a down move – watch today’s chart carefully for any ‘short’ trade opportunities.

Market Close Tuesday 24th March 2015:   Dow Jones 30  -11.61 @ 18,116.04  S&P 500  -3.68 @ 2,104.42  NASDAQ  -12.99 @ 4,444.54  FTSE 100  +75.35 @ 7,037.67  UK AIM  +0.28 @ 716.17  DAX 30  -143.53 @ 11,895.84  CAC 40  -32.97 @ 5,054.52  IBEX  +33.20 @ 11,452.80   Nikkei 225 (Today)  -40.91 @ 19,713.45  Hang Seng (currently)  -80.51 @ 24,414.00

9:20am  ~  One of my neighbours has just come over to get me out on a cycle ride so I’ll be back in an hour or so – nothing much happening on my charts so far this morning.

11:05am  ~  Back home after a nice 18 mile ride in the sunshine – and I can now see a possible ‘long’ trade on my Gold chart – more details if the price rises up towards $1193.60.

11:15am  ~  The Gold price has shot up nicely and triggered my trendFX position – I have a stop loss of 35 pips.

11:25am  ~  I missed an earlier entry on my German Dax chart for a ‘short’ trade but the price has just retraced back to it and given me a second chance to take the position.  It’s another trendFX strategy 3 set-up and I have a 21 pip stop loss.

13:25pm  ~  Just been stopped out of my Dax trade at -21 pips but still in my Gold trade for the time being.

15:10pm  ~  We’ve come through the U.S. trading session open and so far my Gold trade is still doing ok (+20 pips) so I will stay in a bit longer.

17:10pm ~  I am now also in a ‘short’  “Trade With A Day Job” position on my S&P 500 chart (The only instrument you can use for this set-up) and my stop loss on this occasion is 19 pips.

17:30pm  ~  The S&P has reversed temporarily so I am out of my TWADJ position with +22 pips – still in my Gold trade at the moment although it’s not been going far.

17:50pm  ~  Looking at my Gold chart, the price has been in a narrow and ever decreasing channel for the last 3 hours so I’ve taken the decision to come out of my ‘long’ position with a +37 pip profit.