Nick’s Trading Diary – Wednesday 31st October 2018
I was expecting to be back in front of my charts today but some unexpected events have kept me away from the office – I am now planning to be back trading next Monday (5th Nov.)
I was expecting to be back in front of my charts today but some unexpected events have kept me away from the office – I am now planning to be back trading next Monday (5th Nov.)
No trading for me today/tomorrow, going to be finishing this month’s Trading-Education eBook instead – watch out for release details via email. Subscribe <HERE> to receive updates, my own trade details, new (daily) trading ideas and a FREE price-action trading system.
I am envisaging getting back in front of my screens/charts next Wednesday (31st Oct.)
I am here in the office today but not sure how much chart watching I will be doing as I want to concentrate on finishing this month’s edition of my Trading-Education eBook in the next 3 to 4 days. Any trades I do take will be detailed below.
09:10am: While looking at the UK Brent Crude Oil to answer a customer’s question I noticed a Master-The-Trend pattern emerging and I am now in a ‘Short’ position on the 15-min chart. It’s a Strategy-B set-up with a 19 pip stop loss.
09:50am: The Brent Crude price is unusually volatile this morning and strangely the U.S. equivalent (WTI Crude) is not falling as far which always rings alarm bells so I have played safe and closed off my position with a reasonable profit. My score is +89 pip and I will now send out a chart screenshot to customers who also trade the set-up.
16:20pm: I have had some technical issues so updates to this diary have not been published.
I have done no more trading today since the Brent Crude position so my final score for the day is +89 pips and the running total for October is now +501 pips.
My plan today is to be in the office for most of the day watching my favourite charts and also catching up on emails that have come in since I have been away. Any trades I take will be detailed below.
08:25am: Nothing to report so far on the 8 charts I regularly watch.
09:05am: I have just taken a ‘short’ position on my UK FTSE-100 30-min chart, it’s a Master-The-Trend Strategy-B set-up with a whopping 20 pip (!) stop loss.
10:35am: Just closed my FTSE position and taken a quick 24 pip profit.
11:00am: There’s not much to be excited about on my charts at the moment so off for a cycle ride.
13:40pm: Back from lunch and nothing to report.
14:05pm: I am now in my second Master-The-Trend trade of the day – it’s also a Strategy-A pattern but this time on the UK Brent Crude chart (30-min timeframe) The stop loss is 28 pips, not unusual for this timeframe.
14:30pm: I’ve taken a quick profit from my Brent position as I really need to get back home and check on the building work. Probably not going to come back today so screens off and my score for the session is +52 pips.
I am at my desk slightly later than usual due to a slow commute to the office (unusual for Suffolk) but I am planning to be here for the rest of the day watch my usual charts so any trades I do take will be detailed below.
09:05am: Nothing to report trade-wise yet.
09:45am: So far this morning there’s been no excitement on any of my charts so I’m using this opportunity to go out for a cycle ride.
12:00pm: Nothing to report so far.
12:50pm: I now have something to report ! I am in a ‘short’ position on my 15-min Brent Crude Oil chart, it’s a Master-The-Trend Strategy-A pattern with a 19 pip stop loss.
13:10pm: As the U.S. trading session open approaches at 13:30pm I shall watch my position carefully in case of price volatility.
13:35pm: Expected volatility has not materialised so still in the Brent trade.
14:20pm: Just taken a quick profit from my Brent Crude position, the score is +38 pips and I am finished for the day. I am away from my screens tomorrow and Monday but I will be back, raring to go on Tuesday.
My profit this week is +159 pips and so far for October I have managed +360 pips.
Once again I am planning to be here in the office for most of the day catching up on emails/Skype calls and also watching my charts for trade opportunities. Any trades I take will be reported below through the day.
08:20am: Nothing to report at the moment, I am going to send out my “Trading-Idea” chart to subscribers (AUD/USD chart today)
10:35am: The markets are generally quite unsettled so far this morning so not many opportunities are presenting themselves at the moment but I have just taken a speculative ‘short’ position on my DAX-30 15-min chart. It is a Master-The-Trend Strategy-B set-up with 27 pip stop loss.
10:55am: I have just taken a quick +27 pip profit from my DAX position for two reasons. The price has hit and slightly reversed from the 11,700 level and 2) I am off out for a quick site visit at my house so it’s nice to close the trade given the volatile nature of the markets at the current time.
12:35pm: Back in the office and just taken a ‘short’ position on my BRENT CRUDE 15-min chart. It’s a Master-The Trend Strategy-B pattern with a 15 pip stop loss.
13:35pm: As is usual at this time of the day when the U.S. equity markets are getting underway the price action on many charts are fairly volatile so I will watch my charts very carefully if I do happen to have a live position and because of the movement on the Oil charts I closed my BRENT position to capture the profit achieved. My score was +30 pips giving me a total today +57 pips.
14:05pm I’m happy with my score for the day so I have decided to accept an invitation for a game of golf this afternoon so I am switching off my charts for the day – back here early tomorrow morning.
Running total for the month so far is +322 pips.
Back after a short break away and my plans today are to spend most of it here in the office catching up on emails and Skype calls while watching my expanded collection of favourite charts from time to time. Any trades I take will be detailed below:
08:25am: Nothing to report so far on my collection of 8 charts in front of me.
10:35am: I have just taken a ‘short’ position on my WTI Crude 15-min chart. It’s a Master-The-Trend Strategy-B pattern and my stop loss is 26 pips, rather higher than normal for this timeframe but price is quite volatile today given the situation with Saudi Arabia and the growing discontent in the rest of the world.
12:05pm: Nothing new to report – off out now for an early lunch.
13:10pm: Back in the office and I am in a ‘long’ position on the German DAX-30 15-min chart (just one of my favourite timeframe for day-trading), it’s another Master-The-Trend Strategy-B set-up and my stop loss is just 17 pips. My Oil trade is still ‘live although the score is not that impressive at the moment.
14:10pm: Eventually, after struggling along for quite a while now my Crude Oil position has been stopped out at -26 pips. The DAX trade is still doing ok.
16:10pm: I am now out of my DAX position, the price has steadily risen this afternoon but seems to be tailing off so I’ve taken this opportunity to close the trade as it’s also time I was getting off home. The score was +90 pips so my total for the day comes out at +64 pips.
Away at the moment on short holiday, back in front of my screens next Tuesday (16th Oct.)
I am planning to be in front of my charts here in the office this morning and part of this afternoon ahead of a 4-day break away. Any trades I find (and take) will be detailed below.
09:10am: Nothing to report so far.
09:55am: I have just taken a ‘short’ position on the French CAC-40 15-min chart — more details soon.
10:10am: After some deliberation yesterday while watching the unusual price action on the charts following the extreme bearish moves I have decided to add a couple of instruments to my list of ‘favourite’ charts that I watch every day. As you maybe aware, my usual list consists of the following: S&P-500, FTSE-100, DAX-30, GOLD, Brent Crude and WTI Crude and I am now adding the French CAC-40 and the most widely traded forex pair – the EUR/USD for a few weeks to monitor the profit potential.
The trade I am in is on the CAC-40 and it’s a Master-The-Trend Strategy-A set-up with a 13 pip stop loss.
10:50am: I am now in a ‘long’ position on my other new favourite instrument – the 1-hr EUR/USD. It’s a Master-The-Trend Strategy-A pattern with a 20 pip stop loss.
11:50am: I have taken a quick profit from my CAC-40 position, I’ve just closed off the trade at +28 pips. The EUR/USD trade is still doing ok (+19 pips) but still nothing to report on any of the other charts on my two screens.
13:35pm: My second trade is now closed, the price has become quite volatile after the U.S. CPI Announcement (understandably) so I have come out with a +45 pips profit.
My total score for the day is now standing at +73 pips and my plan was to finish early today anyway but I am happy with the result so far so I am switching off my screens and going home. I am now away for 4-days so I will be back in front of my charts next Tuesday.
For most of today I shall be in front of my charts here in the office so any trades I take will be detailed below:
08:40am: Nothing to report so far on my collection of six favourite charts.
09:10am: I have just taken a ‘short’ position on my 15-min GOLD chart. It’s a Master-The-Trend Strategy-B pattern with a 16 pip stop loss.
09:30am: No other opportunities to report at the moment so I am going for a bike ride in the sunshine.
11:55am: My GOLD position has just been stopped out at -16 pips.
12:10pm: Early lunch (out)
14:20pm: I have just entered a ‘short’ position on mu UK FTSE-100 15-min chart. It’s another Master-The-Trend Strategy-B set-up and my stop loss this time is 9 pips.
15:15pm: Just taken a quick profit from my FTSE position, the price is moving quickly and mirroring the U.S. indices at the moment (which is quite normal) but having to watch the chart constantly is not the way I like to trade so I have closed the position off as it has now reached an acceptable profit (+43 pips) giving me an overall score for the day of+27 pips.
Back in front of my charts early(ish) tomorrow morning.