1:35pm  ~  Just come out of an S&P500 ‘long’ trade but before that, I was up at the crack of dawn (8am) to take one of my bikes for a service in Ipswich. I got back here just after 10 o’clock and started watching a few charts while doing some emails. My S&P chart showed a nice reversal building up and a few moments after 11am the price rose enough to trigger a ‘long’ trade using one of my “Any-Time” strategies, and over the next couple of hours the price  went up slowly. Right on 1:30pm, just as the U.S. market was getting going, the price gapped up 13 pips in a second, so I took that as my cue to get out of the market. I have mentioned before about the dangers of being in the market at opening time. My score for that trade was +22 points.

Off to do some shopping and errands now, but I’m back later for some ‘evening’ trading plus 3 Skype chats with some new traders.

7:55pm  ~   I got back here at 4pm and while sorting out some coffee for friends here in the kitchen, I had a ‘short’ trade on the S&P with one of my trendFX strategies for 30 pips which just lasted a short time as the market was in a strong decline.

After that, I had an interesting trade while I was talking to a guy on Skype from Turkey about my systems  just after 7 o’clock and was explaining how easy the S&P500 is to trade while watching my chart at the same time. I was originally looking for another ‘short’ trade as the market was still in a decline, but at the time I was chatting to him, there had been no trade set-ups to go short with my evening strategy. I was explaining to Ahmet that even in a price decline, the S&P can reverse for a short time enabling anyone to grab a quick profit, and just after 7:15 an opportunity presented itself. A few moments later I was in a long trade and I came out after 20 minutes with +20 pips.

Something that is hard to explain to anyone (I did try this evening) is the fact that after trading one particular index or instrument for a reasonable time, you do get to understand and recognize its ‘personality’ which makes trading a lot easier. This is just one of the reasons why I like to concentrate a lot of my trading on the S&P500 – and you can email me for all the others !    I’ve one more Skype call to do now, then out to The Bell in Walberswick for some supper – a nice walk along the River Blythe beforehand to get over there.

Daily Target Reached ?  YES  (+72 pips)     I traded this morning plus a few hours this evening