Tuesday 11th October – Slovakia Rejects EFSF Deal
7:15am. I decided late last night that I was missing the sound of the sea, so I am going back upto Southwold later this morning to my weekend cottage for a few days. This will mean no trading for me this morning, but I will do some “evening” trading with my “Trade With A Day Job” system. While up there, I will also have a chance to finish off my additional strategy for the system and get it written down in a PDF document.
On Bloomberg at the moment we have news that Slovakia has rejected the EFSF (European Financial Stability Fund) although this doesn’t seem to be as big a deal as it first seems as there is a certain amount of internal politics going on in the Slovakian Government this week, so the expansion of the fund should be agreed in the next two or three days. I have also heard that there is a Danish and a Greek bank that have gone cap in hand to their respective governments for a hand-out to keep them from bankruptcy – not sure if this news will come out into the public domain today.
I am off at 8am to Suffolk and will report back later with regard to my ‘evening’ trading session.
6:10pm. I am in Suffolk now and have enjoyed a lovely (bracing) walk along the coast this afternoon. I got back indoors at 4 o’clock and after a late lunch I put a laptop on here in the kitchen and started watching for potential signals with my “Evening” system. Shortly after the 5 o’clock start time I noticed a nice signal and at 5:17pm I was in the market (short). Happily the price went off in the right direction, and at 5:34pm I came out with my normal target of +20 pips achieved. There are normally multiple trade opportunities on most evenings, but as I have reached my daily target I am switching off this laptop and going for a drink at The Lord Nelson
Daily Target Reached ? YES (+20 pips) I just traded for half an hour this evening