Nick’s Trading Diary – Monday 1st October 2018
I have been away from my charts for a week due to various reasons (Holidays/Moving Office/Building Work at Home etc.) but I am now installed in my new office away from home so normal service is being resumed slowly but surely. Not sure how much chart watching I will be doing today but any trades I do take will be detailed below through the day.
09:40am Just taken a ‘short’ position on my 30-min GOLD chart, my daily Trading-Guidance sheet and charts hinted at a move down this week so this maybe a good opportunity. It’s a Master-The-Trend Strategy-B set-up and my stop loss is 19 pips, around average for this timeframe.
11:20am My GOLD position is still trundling away around break-even and I have now also taken a ‘short’ position on my German DAX-30 15-min chart. This time it is a UTB price-reversal set-up with a 14 pip stop loss.
12:50pm I have just taken a quick +25 pip profit on my DAX-30 position as the price has come down to 12,300 level and looks to be reversing upwards.
13:10pm Just glanced at my charts before going out for a spot of lunch and I’ve seen my GOLD position has been stopped out at -19 pips giving me a score so far today of +6 pips.
14:20pm Back from lunch and there’s not much occurring on my collection of favourite charts so I am switching them off for the day – back early tomorrow morning.