07:55am CET (06:55 UK )  ~  Nothing much planned for today – so emails and some chart watching before together with a cycle ride and also some time writing my up my new trading psychology book.  I have a trader friend arriving this afternoon so I’ll go to Palma airport to pick him up.

If you seen any charts in the last 12 hours you cannot fail to notice the large bullish move that occurred last night around 6pm UK time around the time that the U.S. Federal Reserve’s FOMC released the minutes from their latest meeting – and the general feeling was that the U.S. economy is not quite ready for an interest rate rise that was widely expected to be coming up in the next few months.  This sentiment spilled over to the foreign exchange markets as you would imagine and the Euro rose against the Dollar by 65 pips to 1.2735 although there is a speech in Washington by the European Central Bank President Mario Draghi today.  Asian markets also rose overnight on the Fed’s news with the Japanese Yen also rising against the Dollar which is not good news for exporters over there though. Other news released in the U.S. was the weekly Crude Oil stock situation at Cushing and this week’s numbers showed an increase in barrel numbers of 5 million, nearly 3 million barrels higher than expected which caused a sharp drop in its value, falling by the end of the session by 73 cents to $87.72 and over in the UK, Brent Crude also fell mid afternoon but regained all those losses back by the close of the European session – it is now getting close to its next support level at $89.40.

Market Close Wednesday 8th Oct. 2014:  Dow Jones 30  +274.83 @ 16,994.22  S&P 500  +33.79 @ 1,96.89  NASDAQ  +82.53 @ 4,041.12  FTSE 100  +13.34 @ 6,482.24  DAX 30  -90.81 @ 8,995.33  CAC 40  -41.02 @ 4,168.12  IBEX -91.70 @10,339.00

11:50am (CET)  ~  Just got back from a short ride over to Pollensa village and I’m going to continue watching my charts until I’m off after lunch – I have been watching them earlier this morning on and off but no opportunities have popped up.

11:55am  ~  Possible ‘short’ trade on my Dax chart – all the major indices seem to be getting ready for a down move at the moment.

12:15pm   ~  I am now in a ‘short’ position on my Dax 30 chart, it is a UTB set-up and my stop loss is 24 pips.

13:30pm  ~  Still in the trade, it’s currently at +48 pips and looking like it may drop further.

14:20pm  ~  I am off now to pick-up trader friend Charles and his wife from the airport so I’ve closed my Dax position off at 8992 giving me +99 pips – another successful UTB trade.

18:10pm  ~  Back home now and although we have guests I shall watch my S&P 500 chart while I’m here in the kitchen cooking supper for everyone – I just glance at it for a few seconds every 10-15 minutes.

20:00pm  ~  Finished here in the kitchen so I’m switching this laptop (& charts) off as well.

Daily Target  +20 pips

Pips Achieved  +99 pips