Trading Diary & Market Update ~ Thursday 12th September 2013
09:20am ~ The main stock markets were in quite a bullish mood again yesterday, apart from the FTSE100 here in the UK strangely ? Fears are receding regarding an American strike in Syria, so the market rise that began at the beginning of this month keeps up its momentum for time being. Yesterday’s U.S. Oil inventories report showed that stockpiles at Cushing in Oklahoma had dropped to their lowest levels for 18 months and this helped move the WTI crude price up slightly. Conversely, Brent Oil had a mixed day, ending broadly at the same price after two days of steep declines. Gold also had a day of trading in a fairly narrow range without much scope for any decent positions for commodity traders, although it has broken through a previous support level at $1358 this morning.
I have a bit of admin to do this morning together with a heap of emails as well, so I shall watch MT4 charts on and off while I am sitting here in the study. Will be nice to do a bit of cycling later on this morning as well, I can feel slightly agitated if I don’t get a chance to do any exercise during the day, although after 20 years of trading at home it has become a daily habit thankfully.
14:30pm ~ This morning has been a bit frustrating as I’ve had some severe computer problems, meaning there’s not much work been done so far. I’m off on a cycle ride now and I’ll be back at 5pm to do some trading with my “Trade With A Day Job” beginner’s strategy.
17:10pm ~ I’m going to sit down now for a while and watch my S&P500 chart for any trade set-ups with my beginner’s system, and then we’re off out to London at 7pm.
18:35pm ~ I have just closed off the only trade of the my evening session, it was a ‘long’ position and gave me a 26 pip profit.
Daily Target Reached ? YES (+26 pips) I just traded for 90 minutes this evening