09:05am   No trading or Market Update yesterday as I was still away on a long weekend break in France.  I got home earlier this morning and will be here for most of today so if I have any trades they will be reported here.

My UTB trade late on Friday ended up reaching its +26 pip target while I was out.

Market Update:

There was a fairly quiet Asian trading session overnight with the Nikkei 225 and Shanghai indices slightly up but the Hang Seng down 0.37% and this followed the very unexciting U.S. on Monday. There was not a great deal of economic news out yesterday so traders were left searching for bargains without any clues and the leading Dow Jones 30 index ended the day just 14 points up at 17,430.

On the back of this, Europe has opened this morning very slightly down although there Mark Carney’s speech later this morning to give the FTSE 100 some direction plus U.S. Building Starts at lunchtime so we could see some bigger moves later in the day. Gold had a largely negative day on Tuesday and the price came down to rest on its 200 moving average after a long run up that culminated in a three-month high last Thursday. The last few days of bearish movement is mainly down to the strength of the U.S. Dollar and a certain amount of profit taking from commodity traders.

Trading Diary:

09:35am   Not much to see on my collection of favourite charts so I am off for a cycle across to Halesworth.

11:50am    While I was out exercising I missed a ‘long’ trendFX opportunity on my Gold chart but I have managed to enter a UTB position on the German Dax 30 a few moments ago — it is also a ‘long’ trade and my stop loss is 18 pips.

13:05pm   Just been invited out to lunch at The Swan and as my Dax trade was well into profit I have now closed it off. It’s ended up at +52 pips.

22:10pm   No further trades to report for today – I was out for most of the afternoon.