08:50am CET (07:50 UK time)   At home for most of today so I will report any trades I have here in the diary.

Market Update:

Obviously the markets are going to be dominated for a few days by the attacks in Paris and already European equities have opened around 1% down on last week’s close although most are staging a small recovery. If you look at previous terrorist hits, markets have been negative for a few days before traders reassess the likely impact on individual stocks. Airlines and tourism are going to be the hardest hit over the next week with Air France amongst the worse affected this morning on the CAC 40 index.

Overnight in Asia, news has emerged that Japan has entered a period of recession once again after GDP figures were released just after midnight European time and this has resulted in the Nikkei 225 closing down just over 1% at 19,393 although falls in Hong Hong reached 1.7%.  WTI Crude price was hit last week by comments that the overall global oil glut is going to be around for longer than most commentators originally thought as stocks are high, demand is down and surprisingly we have seen a slight increase in the U.S. oil rig count, it gained two more rigs last week to give the country 574 active currently.

Trading Diary:

All Times Below Are Central European Time (UK Time +1hr)

09:45am   The markets are still sorting themselves out after gapping up and down on the European open so there’s no real trade opportunities yet and with this in mind I am off for a cycle ride.

13:50pm   Charts settling down now and there could be a ‘short’ UTB pattern developing on the UK Brent Crude chart.

14:05pm   The Brent UTB pattern has played out nicely and I am now in a ‘short’ position with an 18 pip stop loss.

14:15pm  Off into town for lunch and as my position is doing ok (+35 pips) I’ve brought my stop loss upto break even but left the target open at the moment as there looks like more downside to the chart, I will check as soon as I get back in an hour or so.

16:20pm   The Brent Crude price has bounced off a previous support level from Friday evening so I have closed the trade off at +129 pips, happy with that result.

17:00pm    Friends have arrived for the evening so no more trading today.