08:20am  Quiet day at home catching up on emails and doing some chart watching – plus I also have a 30-mile cycle ride this afternoon with some fellow traders.

Market Update:

Despite protests across America against Trump’s election victory last night, financial markets are surging after the initial falls yesterday morning. The S&P-500 ended the day up over 1% even though it plunged to a 4-month low at once stage during the overnight Asian trading session – the narrower Dow Jones 30 index also closed even higher (+1.4%)  This bullish sentiment was carried over to today’s early morning Asian session where most indices ended positively with Australia’s ASX-200 index leading the pack at +3.2% and Europe this morning is carrying on the trend with all major bourses also looking bullish. Markets (and traders) do not like uncertainty and this has contributed to recent falls and even thought the result was not expected, the uncertainty has ended and we can all get back to ‘work’ as normal now.

The crude oil market had a small blip yesterday as U.S. oil stocks rose by 2.4 million barrels but this did not last long and WTI Crude ended the day 51 cents up at $45:30 with UK Brent Crude also up by a similiar amount. Gold has had a rollercoaster ride during the run-up to election day with many investors buying in as a hedge and today it’s moving up towards the significant support/resistance level at $1300 (currently $1287:90)

Trading Diary:

09:55am   There are possible ‘long’ trendFX trades lining up on my FTSE-100 and Dax-30 charts –  just watching to see what happens after 10am.

10:10am  Now in a ‘long’ position on my Dax-30 15min chart, it’s a trendFX strategy-1 pattern with a 23 pip stop loss.

10:35am   Out for an hour doing some shopping with Head Office, just leaving stop loss as it is on the Dax-30 position with the target open.

12:30pm   Just seen that my Dax-30 position has now been stopped out at -23 pips.

14:05pm   Just entered a ‘short’ trendFX Strategy-3 position on my Brent Crude chart, the stop loss is 28 pips.  I am off out soon on a long cycle ride with some buddies so I have set the target at +28 pips.

17:20pm   Just got home and seen that my Brent Crude trade ended up at +28 pips so with my earlier loss I’ve come out at +5 pips overall.