08:30am CET (07:30am UK time)  ~  Friends arriving from the UK this morning so I will around the house to watch btc charts now and then – I will report back here if I have any trades.

Markets had quite a ‘flat’ day yesterday, the Fed minutes did not really give us any new news with chief Janet Yellen reiterating that U.S. interest rates is going stay on hold for the foreseeable future, probably meaning the middle to end of 2015. The S&P500 initially spiked down but then spent the rest of the session making up that ground and like the Dow Jones 30, it finished largely neutral. Overnight in Asia, shares were mixed after trade data from Japan showed that global demand for their exports had picked-up considerably – the year on year rise for October was 9.6% compared with 6.9% in September. Over in China, their factory sector has slowed this month, this is the first contraction since May.

I am not sure what’s going on in the Oil market, U.S. Crude inventories came in much higher than expected plus news that the leading OPEC member Saudi Arabia has stated that it will not cut production in the face of falling global demand – and these two pieces of news should have sent the market south but the price is still hovering around last week’s value of $74.00.

Market Close Wednesday 19th November 2014:   Dow Jones 30  -2.09 @ 17,685.73  S&P 500  -3.08 @ 2,048.72  NASDAQ  -19.52 @ 4,222.66  FTSE 100  -12.53 @ 6,69.60  UK AIM  -2.46 @ 716.15  DAX 30  +16.27 @ 9,472.80  CAC 40  +3.81 @4,266.19  IBEX -56.10 @ 10,376.80   Nikkei 225 (Today)  +12.11 @ 17,300.86  Hang Seng (currently)  +20.55  @ 23,393.86

All times below are Central European Time (GMT +1hr)

08:40am  ~  There was a UTB setting up on my FTSE 100 chart last night, so I am just waiting to see if it drops down below 6700 this morning when the London markets opens soon.

09:10am  ~  My UTB position has just triggered, so I’m the FTSE 100 with a whopping 14 pip stop loss.

12:05pm  ~  Happy with the recent price movement that’s occurred on my FTSE chart and also friends have just arrived so I am now out of the trade with +50 pips.

15:40pm  ~  Just got into a ‘long’ UTB trade on my Dax chart as I was sitting here in the study doing some emails. The stop loss is 27 pips.

23:05pm  ~  Came out of my Dax UTB trade earlier just before we went out for the evening — result was +78 pips and another profit for this reliable pattern.