8:35am  ~   Pleased to see the weather in the UK has improved since I was here last – and I will take advantage of it later by going for a cycle ride out along the Chelmer River tow-path towards Heybridge Basin.

Before that I have some admin to do here in my study plus a bit of trading – I’ve just entered a ‘short’ trade on GOLD using my trendFX  ”Extra”  strategy, and at the moment the price is going down ok. I will report back later today with the result of this position.

11:25am  ~  I have just come out of my GOLD position, and I am pleased to announce that I managed +523 pips after the price absolutely tanked during the morning session. The signals from my strategy are showing further falls for GOLD, but I’m closing off my computers now as two friends have arrived for our cycle ride.  It looks as though the precious metal has fallen in value due to worries over China’s slowing economic growth figures, and probably the U.S. retails sales numbers from last week.  The price now is near February 2011 values according to my charts.

Daily Target Reached ?  YES  (+523 pips)       I traded for 3 hours this morning.