09:15am (CET)  ~  After a late night out at the Yacht Club just down the road I’ve had a late start to the day. Nothing much planned for this morning so I’ll watch some charts while doing emails and two Skype calls as well. We are out on the water this afternoon but it looks like rain so we may just stay in the bar instead. There seems to be a flavour for profit taking in the markets at the moment, the FTSE is edging lower every day since hitting a 3-month high a few weeks ago and over in the U.S. last night there was also a pullback on the Dow Jones 30 as traders booked profits from the month long rise in the indices due worries that an improving economic outlook is going to jeopardise the Fed’s money printing stimulus.  Oil prices are also feeling pressure from the same problems and when you have a gloomy outlook in the U.S. (the world’s largest consumer of oil) demand will drop in the near future, so futures prices fall as well, which have an impact on the current cash price.  Gold hit a support level yesterday ($1270) so we may well see a rebound today, so watch your charts for trade opportunities.

10:25am (CET)  9:25am UK time ~ A fairly quiet start to the morning, the positive UK employment figures have not really had much of an impact on the markets in London, or the U.S. futures for the matter, but I have found a ‘long’ opportunity on my Brent Oil chart. I will report back later on the result.

12:05pm (CET)  ~  I’m off for a cycle ride in 10 minutes up towards Guadalest so I have closed my Brent Oil trade off at +44 pips.  I shall send a screenshot out now to all “trendFX” customers showing all the details.

23:15pm (CET)  ~  I have had some problems getting these blog posts published today so I’m now doing a round-up of trading since midday when I could last get on here.  I was out for the afternoon but got back here at 5:30pm and switched this laptop on to watch for “Trade With A Day Job” (TWADJ)  set-ups along with any other trades I could see on the S&P500.  I ended up having two (long) trades, the first one was using my trendFX strategy three that had an entry at 18:15pm. My second trade was with my evening TWADJ strategy and I got into the market with that one an hour later. The U.S. markets were very bullish tonight and both trades did well going along with the upward trend and I came out of both at the same time as the market closed at 10pm (9pm UK time)  My 1st trade came in at +124 pips and my 2nd TWADJ trade managed +84 pips.

Daily Target Reached ?  YES  (+252 pips)   I traded the morning session plus a few hours in the evening