07:40am  ~  Nice easy start to my trading week, I shall be hear in the study on and off today doing emails and looking at my charts every half an hour or so – plus I also have 5 Skype calls booked this morning with new traders looking to learn to trade. First of all though it’s a cycle ride over towards Halesworth to wake me up.

The big market news at the end of last week was the lower than expected number of jobs added to the U.S. economy which although is seemingly bad news but again we have the situation where it’s good for the markets as the feeling is that the Fed’s expected increase in the base lending rate will be delayed until well into next year, and this good for business in the form of cheaper borrowing.  All three major U.S. indices ended positively on Friday with the main S&P500 back above the important 2000 level but the Dow Jones does seem to be hampered by a rather strong resitance line at 17,150 which has held since July.  Here in the UK the FTSE 100 is expected to open lower on news yesterday that the Scottish campaign for independence has now moved ahead in the polls which traders now believe could be uncertainty for our economy once Scotland break away following the referendum in 9 days time as witnessed last night by the plunge in Sterling on the forex market.

Crude oil prices in the U.S. dropped in Friday afternoon trading with the value of WTI Crude falling over $2 as worse than expected jobs data gave rise to fears about the economy and so demand for oil may drop in the near future – over here Brent Oil followed suit and ended down at just over $100 by the close of the UK session.  With expectations that the Fed will keep their low interest rate on hold for longer there was a move towards Gold as an alternative investment and this sent this the price up over $7 by the end of the day to $1268.40 although a bearish trend is till in place and there’s support to watch for during today’s session around $1257.00

Market Close Friday 5th Sept1. 2014:  Dow Jones 30  +67.78 @ 17,137.36  S&P 500  +10.06 @ 2,007.71  NASDAQ  +23.79 @4,089.92  FTSE 100  -22.87 @ 6,855.10  DAX 30  +22.76 @ 9,747.02  CAC 40  -8.45 @ 4,486.49

09:40am  ~  Been watching my selection of charts since I returned back from a bracing cycle ride half an hour ago and and usual for a Monday morning the markets are taking their time in getting after the weekend break – however there does look like a potential ‘short’ on my Gold chart, so I’ll keep you informed. It’s a trendFX strategy 3 set-up.

10:00am  ~  The ‘short’ triggered a few minutes ago and I’m in the market with a 19 pip stop loss.

12:20pm  ~  Gold price still moving slowly so keeping the position going.

13:55pm  ~  Off out for some lunch at the Crown so set up a stop at break even and going to leave it to run as I’ll only out be for an hour

15:10pm  ~  Trade still running…..

16:35pm  ~  Happy with current score on the trade so I am now out of the market. I managed a profit of +133 pips.

18:30pm  - Back indoors and watching my S&P 500 chart.

18:55pm  ~   Now in a ‘long’ trade with one of my “Trade With A Day Job” strategies – stop loss is 16 pips.

21:05pm  ~  I have been out for most of the evening but have returned to see a small profit on my ‘evening’ trade.  The score has come in  at +45 pips.

Daily Target  +20 pips

Pips Achieved  +178 pips