07:20am   At home for most of the day catching up on emails and doing some chart watching as well so any trades I have will be reported here.

Market Update:

We are looking at a fairly positive start to the European session today on the first day of a new trading month after the overnight Asian ended well overall. Normally the Christmas month is fairly quiet due to traders on extended holidays but there’s going to be plenty of high quality trading opportunities as the Federal Reserve and ECB are making major announcements in the next few weeks which is going to influence the markets in the first few months of 2016.

There was underwhelming Chinese PMI numbers out last night and this has prompted traders to believe that their government may well continue with the stimulus programme for slightly longer so yet again we have the bad news is good news syndrome that is quite normal across trading floors. Gold values have continued to rise above the low of $1052 that it hit last Friday although if equities continue to rise, investors will keep selling this safe haven metal and the price will continue down to the next support at $1040 which it’s not been near since 2010.

Trading Diary:

09:05am   Just back from a quick cycle ride and there’s a small possibility of a ‘short’ trade on lining up on my S&P500 chart.

09:15am   The trade I mentioned has now triggered as the price has fallen sufficiently — it’s a trendFX strategy-3 trade and my stop loss is 26 pips.

11:20am  Just checked my charts and seen that my S&P500 position has been stopped out at -26 pips.  Off into town now for errands and lunch so a break from trading for a few hours.

16:00pm  Got back home a short while ago but nothing much to see on my charts so that’s it for the day as far as the markets are concerned.