08:05am  ~  The Dow Jones 30 index in New York finished at a record high last night, no doubt buoyed by slowly improving European economic data and the fact that U.S. government tapering is not likely at all this year. My favourite index, the wider S&P500 was not quite at record levels, but a spurt at the end of the day’s trading session certainly helped my long trade last night.  The business news websites this morning are full of Twitter IPO news, it looks like many observers are thinking that a price of $26 is overpriced for a company that has not yet made a profit yet – although Google and Facebook had a similar story following them around at the time of their stock market debuts. Google was $85 in 2004 (now $1022) and Facebook opened at $38 last year and have climbed to $49 after an initial fall.  Too expensive ? I don’t think so, they’ve not yet scratched the surface of their vast subscriber base potential.

I am off later for a bracing cycle ride along the coastal path up towards Pakefield with some other traders but first I’m here in the study for some emailing and Skype calls while my MT4 charts are on in the background.

08:50am  ~  Not a great deal happening in the markets this morning, but I am in a ‘short’ position on my Brent Oil chart using my trendFX Beginner’s strategy.

11:20am  ~  We are off for our cycle ride now, so I have closed my Brent Oil trade off.  The price has come down nicely, but the candles are also showing a distinct slowing of momentum, so it’s a good time to close the position off. I have come out with +51 pips. This afternoon I’ll get some more exercise and fresh air –  I have some jobs out in the garden to do.

17:05pm  ~  I’m now in the kitchen to cook some supper for friends arriving  later and while I’m doing that I shall keep half an eye on my S&P500 MT4 chart to see if any “Trade With A Day Job” trade opportunities come up.

17:30pm  ~  I got into a ‘short’ position on the S&P ten minutes ago – I’ll report back later as to its outcome, so far it’s running at minus 5 pips.

19:25pm  ~  That’ll do for the evening, I have just come out of my short S&P position with a profit of +112 pips.

Daily Target Reached ?  YES (+163 pips)      I traded the morning session plus the first part of the evening session.