Nick’s Trading Diary – Wednesday 9th January 2019
Plans are “Fluid” today as I have an invitation for an afternoon out with friends if the weather holds out but in the meantime I shall be in the office watching my charts and catching up on Skype calls and emails. Any trades I find will be detailed below.
08:10am: Nothing to report on my collection of favourite charts.
09:05am: Taken a ‘short’ position on my GOLD 30-min chart, it’s a Master-The-Trend Strategy-A pattern with an 11 pip stop loss.
09:20am: Now also in a ‘long’ position on my FTSE-100 1-hr chart. Also a Master-The-Trend Strategy-A pattern but with a larger stop loss (33 pips) reflecting the higher timeframe.
09:30am: Now I’m in a ‘long’ position on my WTI CRUDE 30-min Chart – another Master-The-Trend Strategy-A pattern with a 28 pip stop loss.
10:20am: Just taken a quick profit from my WTI CRUDE position ahead of this afternoon’s Crude Oil Inventories announcement (+66 pips)
10:55am: Now out of my GOLD position now, it’s taken a while for the price to come down to a level where the profit was reasonable but eventually but I’ve achieved a +21 pip profit.
11:40pm: Still waiting for the FTSE price to rise significantly to allow me to close it off with a decent profit. My game of golf after lunch has been confirmed so I will close the position off before I leave the house if at all possible.
12:05pm: Getting ready to close the position off before I go out for lunch so I have brought my stop loss upto -10 pips.
13:55pm: I had intended to switch off my charts a while ago but I’ve been interested in the price action on the FTSE chart, it has had trouble moving above 6938. While I think it may eventually get over this small obstacle I have now run out of time so I’ve closed off the position with a small +14 pip profit.
Happy with the trades I took today, my total profit was +101 pips. I am now off for a game of golf for the next few hours and I may have a day away from the markets tomorrow as I want to write up a small eBook which will explain how to get more out of my daily “Trading-Ideas”