07:45am  ~  A nice early start for me today after four days away from the market. I’ve some emailing to catch up on so I am going to spend the morning here in the study with charts open as well. If the rain slows down slightly I’ll also get out on a bike at some stage before lunch.

The main indices yesterday posted another record finish, way above any level we’ve seen before even taking into account the highs of 2000/2007. This may partly due to FOMC Member James Mullard’s comments regarding the U.S. Federal Reserve’s economic stimulus. His comments on inflation suggest that the Fed would be in no rush to pull back from its current stimulus. This may change early next year though, when both Plosser and Fisher, both more hawkish, become voting members, but for now investors are erring towards caution ahead of this Friday’s October Non Farm Payrolls report.

07:55am  ~  There looks like a couple of trade set-ups emerging on my Gold & S&P500 charts, just waiting for prices to hit either of the trigger levels.

08:30am  ~  I’m in both of the aforementioned trades, and at the moment they’re looking ok.

10:05am ~  I am off out now for an hour or so with a couple of trading friends for a cycle ride down towards Walberswick, so I have set stops at break-even on both my earlier positions, but no profit target yet, I’ll see where they’ve got to when I get back.

11:30am  ~  Just sat back down here in the study and I can see my Gold trade has been stopped out at break-even but my S&P500 position is at +35pips.

15:35pm  ~  I have just closed off my S&P trade, the bulls seem to have become the dominant force on the chart in the last 15 minutes, so I’m happy with my 87 pip profit. Off now to pick up some parts for an old Porsche I’m going to start restoring through the winter but I’ll be back at 5 o’clock o do some trading with my evening system.

20:50pm  ~  I did start my evening trading session just before 6 o’clock and I had one (long) trade which was stopped out at minus 16 pips. I am off out now for some supper at The Crown with ‘Head-Office’

Daily Target Reached ?  YES  (+71 pips)          I have traded on and off for most of the day.