Trading Diary & Market Update ~ Friday 20th September 2013
11:15am ~ After getting in at 4am this morning after a family medical emergency, I decided that I was going to have a bit of a lie-in today. I’ve just got down here to the kitchen and switched on this laptop, and I’m going to watch a few charts before the U.S. open and get on with some emails as well.
On the markets yesterday the UK ‘s FTSE100 index hit an important resistance level at 6650 and moved back slightly. Meanwhile over the water in the U.S. the Dow Jones hit an all time high in early trading only to retreat back quite heavily, with the S&P500 following suit. This sharp reversal also gave me a few trading opportunities yesterday. Gold traded in a narrow band looking for some direction after the spectacular rise in value on Wednesday, and this morning it seems like some profits are being realised on this last day of the trading week. Brent Oil also had a day of price drops and on my chart their seems to have been a sharp spike in the WTI crude price early yesterday during the Asian session – I shall check some of my other charting platforms to see if this was just a technical error.
12:45pm ~ Well, I’m in the market with my trendFX “Beginners” strategy, on my Gold chart. It’s getting very close to the start of the U.S. Friday trading session so although there are some other potential trade set-ups about to trigger, I’ll stay out of the market.
13:10pm ~ I’m going to stay in this Gold position for the time being but I have moved my stop to break even now in case there’s an adverse reaction as the U.S. starts early trading in 15 minutes.
16:15pm ~ Just got out of the ‘short’ Gold trade with a nice +214 pip profit. I’ve got some friends coming over at 7pm for a barbeque so time for a shower/shave/shampoo.
18:55pm ~ While I was plodding around in the kitchen doing some prep for tomnight I took a quick trade with my “Trade With A Day Job” system and came out a short while ago with the normal 20 pip profit.
Daily Target Reached ? YES (+234 pips) I traded on and off from late morning today.