06:50am  ~   An early start for me today as I have a builders meeting up the road at 7am – then I shall be here at home for the rest of the morning, with a tennis match this afternoon.

After a few days of reversal candles on the daily charts both the Dow Jones 30 and S&P500 have finally changed direction and pushed upwards helped mainly by last night’s  bullish economic outlook in the Federal Open Market Committee statement. The Fed chairman Janet Yellen has calmed investors by reiterating the tapering of their stimulus and confirmed that rates are still going to stay low for a “considerable time” The wider S&P index has once again surged onwards to another all time high and in Europe the Dax 30 and FTSE100 have also ended on a bullish note confirming the overall sentiment sweeping aside the troubles in Iraq for the time being anyway. Indices in Asia have also benefited from the high U.S. close so that should spill over into Europe this morning and the German Dax 30 looks as though it should gap up at the open to its previous record level of 10,000.

The WTI crude oil price ended down at $105.73 a barrel (38 cents down) as Fed’s bullish outlook  moved investors back into equities, although reports of shrinking US oil supplies together with the escalating sectarian violence in Iraq has pushed the market price back up slightly in overnight trading. There are reports that oil companies have  started to remove employees from Iraq indicating the possibility of a U.S.  military intervention, although Obama has said they will not go in unless the incumbent Prime Minister Nouri Maliki stands down.  Demand for Gold as an alternative asset was revived by the FOMC’s statement yesterday after they said that interest rates will remain on hold for the foreseeable future and this pushed gold prices $5.7 up to $1277.6 where there’s been resistance in the past.

08:55am  ~  Back home now, so I’m going to get on with some emails and chart watching.

10:05am  ~  Not much happening on my charts so I am going off on a cycle ride – up the coastal path for a while.

11:25am  ~  Just sat down again here in the kitchen to finish off emailing while watching my favourite charts for a few hours before lunch.

11:40pm  ~  There is a Brent Oil opportunity that triggered a short while ago but I am going to see if I can get into the market at a slightly better price as the stop loss is quite high at the moment.  It is a trendFX pattern.

12:05pm  ~  Just got into a ‘long’ Brent position with a 44 pip stop loss

12:30pm  ~  I am now also in a ‘long’ position on my Gold chart, it’s a trendFX set-up with a 12 pip stop loss.

14:40pm  ~  I have been sitting here watching my charts and completely forgot to go to lunch – but now it’s time to shoot off to my tennis match so I’ve closed off my Gold trade (+121 pips) and set-up stop loss and target for my Brent Oil trade as it is still hovering around +15 pips  -   I’ve brought the stop upto minus 10 pips and I’m going for +25 pip profit

17:05pm  ~  Just arrived back from a quick thrashing on the court  –   I am going to sit and watch my S&P500 chart for a while to see if any ”Trade With A Day Job” set-ups appear.  My earlier Brent Oil trade finished up at +25 pips.

17:25pm  ~  No sooner than I have turned on the MT4 charts and I’m in a trade  –  a ‘short’ position with a heady 9 pip stop loss !  This trade is actually two separate strategies from my evening system manual – so, as I’ve mentioned before, it gives new traders and students who have just begun to learn to trade added confidence to enter the market.

18:25pm  ~  I have had a good day’s trading so happy to have a quick profit out of the S&P tonight, so the ‘short’ trade is now closed off —  I have managed a +31 pip profit.  I’m not a great football fan but one of my neighbours is having a party tonight while the England game is on – good excuse for a few beers and a barbeque…….