08:50am (CET)  ~  Slightly cloudy here in Altea Hills but still warm enough to have a swim outdoors to wake myself up. I have a supermarket run to do this morning but otherwise it’ll be a nice relaxing day in the study catching up on emails and doing some trading – plus a cycle ride later once I’ve found out when my German neighbours are exercising today.

The markets yesterday in the U.S. traded in a very narrow range, mainly due to the fact a lot of traders had a short day at the office because of Veteran’s Day celebrations and both the Dow 30 and S&P500 ended very slightly up on the day. Over here in Europe, it will be a fairly subdued start to the day as we wait for UK and German inflation figures.  In the UK the October CPI numbers are expected to show a year on year drop from 2.7% to 2.5%. The month on month figure is expected to show a rise of 0.4%, partly as a result of rising energy bills not being totally offset by a fall in petrol prices. Retail prices are still rising at 3% a year with a month on month rise of 0.5%. Gold is continuing it’s bearish bias, losing another $5 yesterday despite renewed weakening in the U.S. Dollar, although it looks like it is heading towards the major support level of $1270 so we might see a bounce at that point.  There was a rally in West Texas Crude (WTI) yesterday that was triggered after a failure to reach an agreement between Iran and the West regarding Middle Eastern nation’s nuclear programme, but the market is still struggling to post a meaningful rebound from the recent lows.  Brent Oil also had a good day on the back of this news.

09:35am (CET)  ~   I’ve just got into the market with a ‘short’ position on my Gold chart using the UTB set-up from the “Any-Time” collection of strategies.

11:20am (CET)  ~  Two occurrences to report, I’m now in a ‘long’ position on my Brent Oil trade (also a UTB set-up) and I’ve been stopped out of my earlier Gold trade (at minus 35 pips)

12:30pm (CET)   ~  We’re off for a cycle ride down into Calpe now, but as the Brent trade is currently doing ok and looking as though there are more gains ahead, I’ve put a stop in at +40 pips so I don’t lose all the gains so far and left it to run.

14:55pm (CET)  ~  Got back here 5 minutes ago and noticed that Brent has risen quite nicely, so I’ve closed the trade off at +116 pips.  I am off now shopping as I did not manage it earlier.

19:30pm (CET)  ~  I got home here at 6:30pm and very soon got my MT4 chart fired up. I had an initial trade just before 7pm which was stopped out at minus 11 pips and I’m now in my second position. I’ll report back later.

19:40pm (CET)  ~  I am now out of my second trade of the evening, I have closed off at +31 pips giving me 20 pips for the evening.

Daily Target Reached ?  YES (+101 pips)   I traded the morning session