08:15am    Back in the UK after a short break away to organise a new trading manual with an old friend who has been using my evening system for the last 18 years – more news on that later today. Loads of jobs to do around the house today but if I get a chance to do some chart watching I will report any trades in my Trading Diary through the day.

Market Update:

U.S. markets struggled yesterday amid continuing concerns over a looming trade war is still in trader’s minds at the moment, the S&P-500 index closed slightly down at 2747.33 (-2.15 points) after finding support at its 20-day moving average late in the session. The Dow Jones 30 index did finish slightly ahead (+0.47%) after UnitedHealth’s shares rose well and contributed to most of the gains.

The overnight Asian trading session ended mixed with the Hang Seng and Shanghai Composite finishing in negative territory on worries over trade tariffs ahead of a G20 meeting of finance ministers this weekend where President Trump’s proposed import tariffs will be top of the agenda. Elsewhere in the region, markets were slightly more upbeat and South Korean and Australian indices finished ahead with Telecoms helping bolster markets.

Oil markets are struggling this week and are down on average as over supply still haunts traders, U.S. WTI Crude did manage to close slightly ahead yesterday however and has bounced well of the minor support level at $60.00.  It is up this morning as well at $61.22 and heading towards the 20-day moving average at $61.62.

Trading Diary:

12:05pm    I have been out all morning but in now for a few hours so I shall watch my charts for any trading set-ups. There have been a few already this morning it would seem by glancing at my inbox.

12:45pm    Just taken a ‘short’ position on my GOLD 15-min chart. It’s a Master-The-Reversal UTB pattern and my stop loss is 16 pips.

14:05pm    The GOLD price, along with a lot of others is quite volatile at the moment so I have take this opportunity to close my position. My score is +69 pips.

14:15pm     Not usual for me to be working on a Friday afternoon so I am switching off my charts now ahead of the weekend break.