08:00am  ~  After a very unusual day yesterday, I am looking forward to a day here at home catching up on emails, Skype calls and some trading.  I shall report back later if I have any trades.

The U.S. markets had a positive time yesterday, regaining all they lost on Tuesday. The Dow Jones 30 index bounced off the established 16350 level after some encouraging FOMC meeting minutes and had its best day for five weeks, finishing up 158 points at 16533. Although the Fed has hinted at a rate rise, it would seem it’s quite a way off in the distant future, so it would seem that  we in the UK will get a bank rate increase before the yanks. Probably. My favourite index, the S&P500 had a similarly bullish session, after using the 50 period moving average as support last week – are we going to see 1900 before the close tomorrow ?  The WTI Crude price rose to a one month high yesterday as a report showed that supplies in Cushing fell as imports dropped to a 17 year low. Also, an optimistic Chinese manufacturing survey also came in to further support the price rise.

The Gold price fell slightly yesterday, down $6 to $1288, due to a positive reaction from equities to the Fed minutes (an a stronger dollar). However, a relaxation of Indian import rules is expected to come into play soon which should provide some much needed support.

09:15am  ~  Not much happening on my charts so I am off for a cycle ride, I have a route of around 28miles in mind so it should take just over an hour.

10:35am  ~  Back now and I can see that the Gold price has become bullish so I am just going to wait for a confirmation that it’s going go higher, for that I shall use a trendFX set-up.

11:30am  ~  Gold has risen nicely and triggered a strategy 3 trendFX trade, so I’m in the market with a 45 pip stop loss. It’s slightly higher than normal for me but I am working on a one hour chart, so it’s ok for that timeframe.

13:20pm  ~  My Gold position is doing okishbut we have the U.S. session kicking off soon with pre-market activity in under half an hour, so I shall be out soon.

13:30pm  ~  Out of the Gold trade now, I’ve managed +51 pips. I have taken a screenshot of the chart a few minutes ago to send out to students who have the system.

15:40pm  ~  Back from lunch and some shopping now – I’m going to watch some charts while I get on with some more emails.

16:15pm  ~  There may well be a UTB set-up developing on my  Brent Oil chart.

16:25pm  ~  I’m in a ‘short’ position on Brent. Stop loss is 35 pips.

19:35pm  ~  We’re off out very soon, so I’ve come out of my only trade of the evening. It came up slightly short of the 35 pip target but it’s managed 29 pips and the score for the day is at +80 pips.