Trading Diary & Market Update ~ Friday 25th April 2014
08:20am ~ After a successful trading day yesterday, I shall be watching my charts yet again today as I continue to go through my inbox that’s built up since I’ve been away, I will relay any trading news & info here as soon as it occurs.
Looking at yesterday’s markets you can see that although the main U.S. indices opened higher, they very quickly retreated on fears of growing tensions in the Ukraine but the continuing (fairly positive) corporate results helped prop up the Dow Jones 30 and it finished flat at 16501. Gold jumped quickly to reverse losses on news of difficulties between Russia & Ukraine. With equity markets heading south, investors reached out for the safe havens that have been ignored recently. Upbeat data had previously given the dollar a boost and thus Gold a decline but this all reversed yesterday afternoon meaning the precious metal closed up $10 at $1292 by the end of the session.
10:55am ~ A friend has just rung to see if I’m up for a cycle ride and as there’s not much happening on my charts I am certainly up for a bit of exercise for the next few hours.
15:35pm ~ Back home now after lunch out and I’ve a few jobs around the house before I sit down at 5 o’clock to see if there’s any opportunities with my “Trade With A Day Job” evening system.
17:00pm ~ Just going to sit down in front of my S&P500 chart……..
17:25pm ~ I’m in a ‘short’ position at the moment, entry a few minutes ago with a 24 pip stop-loss.
19:25pm ~ We are going out for the evening quite soon so I have had to close off my trade a few minutes ago – the S&P500 has come down quite nicely and I have come away with a +65 pip profit.
Daily Target Reached ? YES (+65 pips)