09:05am  ~  I don’t imagine there’s going to be much going on in the markets this morning as traders here in the UK and the rest of Europe watch their news feeds for news about the U.S. debt ceiling crisis. The markets fell quite sharply yesterday afternoon after news that negotiations had stalled – and my “evening” system caught the move down – but then it rallied slightly after there was a glimmer of hope as talks resumed and the House of Representatives will bring a new plan to the floor for another vote. With this light at the end of the tunnel, the Dow Jones gained some small momentum and finished yesterday’s session at $15220. Obviously the S&P500 index followed these moves as well and ended down on the day overall.  My Gold chart this morning shows a reversal candle formed yesterday, so we may have a move up – but that really depends on what happens in the U.S. later today.

I am going to be here in the study this morning after a quick cycle ride now up the coast path towards Easton Wood.  I shall watch my charts later while doing some emails (plus a meeting here with the builders) but I am not expecting much in the way of opportunities because of reasons I’ve outlined above.

11:55am  ~  There’s a ‘short’ trade opportunity that’s unfolding on my Gold chart, the only really interesting thing that’s happened all morning, so if the price goes down a bit more I’ll get into a trade and see what happens.

13:50pm  ~  I am still in my Gold trade, but although the price has dropped slightly, nothing much has happened really.  I’ll hang on for a bit longer as I’m here in the study anyway but I don’t think much will occur unless we have some news from the U.S. after their trading sessions kicks off.

14:55pm  ~  Well that was a nice surprise, Gold has suddenly dropped and I’m +101 pips in profit at the moment.

15:15pm  ~  I’m out of the market now, there’s no need for any more pips as I am way above my daily target anyway (105 pips)

17:05pm  ~  I wasn’t really planning on trading this evening, but if I do it gives me a chance to send out a chart screenshot with trade examples to new students which obviously helps with their overall trading education, so I’m going to sit down here in front of my MT4 chart for a few hours and see what comes up with my beginner’s evening system.

19:45pm  ~  I have had one trade this evening, a long position which was stopped out at minus 22 pips, and rather than watch for any more opportunities we’re off up the road for some supper

Daily Target Reached ?  YES  (+83 pip)      I traded on and off from 11am this morning