Trading Diary & Market Update ~ Wednesday 9th October 2013

09:15am (CET)  ~ Well, five small words yesterday put the U.S. equity markets into a tailspin – President Obama last night said “there is no magic bullet” to solve the budget showdown, which saw the biggest one day slide in the S&P500 in almost a year.  You will however be pleased to hear that two of my strategies caught the nice move down (email me for details – customers have already received these)  There is hope that the House Of Representative Speak John Boehner will agree to hold a vote on the crisis and the moderates will pull the U.S. back from the brink.  The bad news on the markets sent the price of Gold upwards at the start of the U.S. trading session but by the close it had retreated back broadly to where it started.

I shall be here in the study this morning watching my charts, so I will report back later with any trade details, but first a cycle ride down into Calpe for an hour.

11:35am (CET)  ~  Not much going on in the markets, so I am off for my cycle ride and some food shopping at the Mercadona.

15:05pm (CET)  ~  I’m back home now so it’s back into the study for some emailing and Skype calls, plus a bit of chart watching again to see if the markets have woken up a bit.

15:45pm (CET)  ~  The charts have cheered up slightly and the S&P500 has taken a big drop since the start of the U.S. trading session, and I have taken advantage of this with one of the trendFX strategies – I am in with a short trade on the index and currently I am 4 pips in profit, and hoping for greater things soon !

17:40pm (CET)  ~  The S&P has staged a sharp reversal in price so I am out of my trade with an 82 pip profit.  I shall now stay in front of this laptop and watch for trades with my evening system – plus any other opportunities that come up in the next few hours.

18:40pm (CET)  ~  I’ve just had a couple of short trades with my “Trade With A Day Job” system, both were stopped out quite quickly with scores of minus 23 pips and minus 19 pips. I have still got an hour or so before we’re going out for dinner so I’ll see if there are any other trade set-ups to go for.

19:25pm (CET)  ~  Trade opportunities this evening are like London buses, nothing for a while and then two at the same time  -  I am now in two ‘long’ positions, one on the S&P500 and the other on my Gold chart.

20:10pm (CET) ~ I am now out of both my trades now, and there’s another opportunity on my Brent Oil chart come upbut I shall leave that as 1) I am off out now for dinner with ‘head-office’ and 2) I have more than enough pips for the day. My S&P trade gave me +54 pips  and the Gold trade ended with +61 pips

Daily Target Reached ?  YES (+155)     I have traded on and off all day.

 

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