Today’s markets will be fairly quiet due to the U.S. Thanksgiving Holiday and I also want to spend some time writing up the November edition of my monthly ‘Trading-Education’ eBook which means I will not be back in front of my charts until next Tuesday (27th November)
I am planning a day here in the office catching up on emails/Skype calls plus some chart watching from time to time. Any trades I take will be noted below.
08:45am: Nothing to report so far.
09:50am: I have just taken a ‘long’ position on my UK FTSE-100 15-min chart. It’s a Master-The-Trend Strategy-A pattern with a 13 pip stop loss.
11:05am: My FTSE position has been stopped out at -13 pips.
12:40pm: Switching off my screens as an opportunity has arisen to spend the rest of the day out with the family.
Back trading today after a short break away – any trades I take will be detailed below:
10:55am: I am now in front of my screens for the day after helping a friend out this morning – nothing to report so far on my collection of 8 favourite charts.
12:05pm: Nothing to report so far regarding trades.
12:55pm: I have just taken a ‘short’ position on my Brent Crude 15-min chart, it’s a Master-The-Trend Strategy-B set-up with an 18 pip stop loss.
13:35pm: Not sure how much longer I will stay in the position as I am having to watch it carefully as the price is so volatile at the moment. Plus I want to go out to lunch !
15:20pm: Every so often you’ll be a in position that just keeps on going in the direction that you first guessed and the trade ends up being a big winner. This has occurred today as my Brent position has just been closed at +279 pips. I had intended to close it off a while ago but every time I looked at the screen the price had dropped another 20 pips so I ended up just watch non stop in the last 15 minutes which is something I do not like doing ! It was worth doing it this time !
Needless to say I am happy with my score so far today so the screens ARE being switched off now. With today’s score, my monthly accumulated profit is +544 pips.
No trading for me now until next Tuesday, I am away on a short break.
My trading performance for November is 8 winning trades, 2 losses and a total of +265 pips so far.
I shall be at my desk this morning catching up on emails and Skype calls plus I’ll also be watching my screens for trading opportunities. Any trades I take will be detailed below.
08:05am: I’ve taken a ‘long’ Master-The-Trend position on my FTSE-100 15-min chart, it’s a Strategy-B set-up with a 14 pips stop loss. Trades at this time of the day can be risky as the markets are just starting to get going for the day but the stop loss is quite low so I will press ahead.
09:10am: I am watching my FTSE chart carefully now as the price will become increasingly volatile as we approach 9:30am when the UK Retail Sales figures are released and we may also see some reaction to another government cabinet minister resigning in the past few minutes. I may take a ‘Quick’ (minimal) profit and then stand on the sidelines.
09:25am: I have taken the opportunity to grab a quick profit from my FTSE position as the price is getting increasingly unpredictable. I went to manually close the trade off at +20 pips but a rare case of slippage has caused a loss of a single pip so my running total for the day is +19 pips.
10:15am: Most of my charts have become quite volatile so I am off for a cycle ride now.
12:30pm: I’m in another ‘risky’ trade and on this occasion it is because the weekly U.S. Crude Oil Inventories which are announced this afternoon cause the oil markets to move erratically and my latest position is on the U.S. WTI Crude 15-min chart (long). It’s another Strategy-B pattern from the Master-The-Trend system manual and the stop loss is a manageable 17 pips.
13:10pm: The WTI price has become extremely volatile so I am now out of my position with my minimum trade profit (+20 pips)
Total for the day is now +39 pips so going to switch off my screens for the day now. I will be back trading next Wednesday (21st Nov.) after a short break away in Majorca.
A late start to my trading day as I’ve already been out on a 15-mile cycle ride. The plan for today is to watch my charts on and off now for the rest of the day so any trades I take will be detailed below.
11:30am: I have just taken a ‘short’ position on my GOLD 15-min chart, it’s a Master-The-Trend Strategy-A set-up with a 12 pip stop loss.
12:25pm My GOLD position has been stopped out at -12 pips. Off out to lunch now.
13:40pm: I am now in my 2nd Master-The-Trend trade of the day – this time a Strategy-B pattern on the German DAX-30 15-min chart with a 28 pip stop loss.
14:35pm I have closed off my DAX-30 position to grab a quick profit (+30 pips) I have finished trading for the day and my overall score is +18 pips.
My plan is to be here in the office for most of the day watching my collection of favourite charts on and off until mid afternoon so any trades I take will be detailed below:
08:05am: Nothing to report at the moment although there has been some ‘long’ trades trigger on the FTSE and DAX charts in the last 15 minutes or so which I’ve missed.
09:40am It’s going to be one of those days ! Just returned from a 10-mile cycle ride and seen that a ‘short’ GOLD trade was triggered a short while ago – no worries, there will be something else along at some stage….
10:50am: Just taken a ‘long’ position on my German DAX-30 30-min chart. It’s a Master-The-Trend Strategy-B set-up with a 27 pip stop loss.
12:20pm: Before I go out for lunch with some friends I have taken a small profit from my DAX position, the price has twice touched a high at 11443 so I have taken this as a suggestion that we maybe at a high for the moment. This also ties in with my comments in the daily “Trading-Idea” chart/email earlier this morning – my score is +41 pips.
13:35pm: Back from lunch and I’ve decided that my current score is more than satisfactory so I am switching off my charts and going out for the rest of the day, but back here same time tomorrow. Daily score +41 pips and so far this month I’ve achieved +208 pips.
My plan today is to watch my collection of charts on and off while also running errands for the builders – any trades I take will be detailed below.
09:00am: Just taken my first look at my charts and nothing to report so far.
09:10am: Quick cycle ride as there’s no action on any of my 8 favourite charts.
11:05am: Been back in the office for the last hour or so but no trades have come up yet.
11:15am: Just taken a ‘short’ position on my German DAX-30 chart – more details soon.
11:25am: The above trade is a Master-The-Trend Strategy-B set-up on the 30-min chart with a 30 pip stop loss, about average for this timeframe.
13:15pm: I have just taken a reasonable +88 pip profit from the DAX position ahead of some lunch out with some trader friends. Also switching off my screens for the day as I have some other ‘jobs’ to get on with this afternoon but will be back at the usual time tomorrow morning.
I am planning to be in front of my screens for most of the day although some pressing errands might curtail my chart watching later this afternoon. Any trades I take will be detailed below:
08:05am: Nothing to report so far on my collection of 8 favourite charts*
* S&P-500, FTSE-100, DAX-30, Gold, Brent Crude, WTI Crude, CAC-40 and EUR/USD.
09:35am: Both the UK FTSE-100 and German DAX-30 have triggered short trades so I have gone with the two opportunities although this is not a good idea for new traders as these indices tend to move in generally the same direction so if the price does move in the wrong direction you’ll have two losers instead of just one. They are both Master-The-Trend Strategy-B set-ups with stop losses of 13 pips and 20 pips respectively.
09:55am: Just taken a quick profit from the DAX-30 position (+46 pips) but left the FTSE position running.
11:00am: The FTSE-100 price has been struggling to get below 7075 for a while which would not really have given me much of a profit so I decided to wait and see if it broke below this level and in the last few minutes it has dropped to 7063 so I’ve now closed the trade off. This has given me a +27 pip profit and overall score for the day of +73 pips.
11:10am: Cycle ride time……
13:45pm: I have returned from lunch and a quick glance at my collection of charts tells me there’s not much going on so I am switching my screens off and will be returning at the usual time tomorrow morning.
I am back in front of my screens today after a fairly long break away and any trades I take will be detailed below.
08:50am: Nothing to report so far this morning on my collection of 8 favourite charts.
10:40am: I have just taken a ‘long’ position on my Brent Crude Oil 15-min chart. It’s a Master-The-Trend Strategy-B set-up with an 18 pip stop loss.
11:30am: Just checked my charts and seen that my Brent Crude position has been stopped out at -18 pips.
12:15pm: There’s nothing much happening on my charts so off for a cycle ride, back in a couple of hours.
14:25pm: Just taken another Master-The-Trend Strategy-B position, this time on the WTI Crude 15min chart. My stop loss is 23 pips.
14:50pm: I’ve taken a quick profit from my Oil position as the price action is quite volatile. My score is +24 pips.
15:15pm: Going to switch off my screens now but will be back here at the usual time tomorrow. Total score today +6 pips.