Monday 28th November 2011 ~ Rally In The Markets This Morning…..

11:30am.       Good morning, and here’s to a profitable time over the next 5 days after a lot of time off last week, mainly due to the U.S. Thanksgiving 2 day holiday.

I was up fairly early for a Monday morning, and was down in my home study (off the kitchen) at 7:30 – ready for a morning of trading my trendFX group of strategies. I was watching  my group of six favourite charts when I noticed a pattern emerging on my ‘Brent-Oil’ chart, and soon after 8 o’clock I was in a ‘long’ trade with the index. A few minutes later my S&P500 chart showed a nice opportunity as well, and that turned into another ‘long’ trade. They both went up gradually, and a while ago I closed both trades off with +82 pips on the first trade and +100 on the second one.

The markets this morning have staged a bit of a recovery after a few weeks of losing value, although it maybe just bargain hunters out before the end of the month – we’ll see.

I will report back later, if I do any trading with my evening system – but for now, I’m off on a cycle ride along the river, a 22 mile round-trip

8:10pm.    I sat down here in the kitchen at 5:30pm to watch for trades on my “Evening” system – and just after 7 o’clock I could see a potential trade setting-up. Just before 7:30 the price hit the trigger level, so I was in a ‘short’ trade, and just over 30 minutes I was out again with a +26 pip profit. There was a second signal to show that there may have been a bigger move downwards, but I am due out for a bit of supper with a couple of friends in a minute so I turned off the chart — very happy with my overall profit for the day.

 

Daily Target Reached Today ?  YES  (+208 pips)    I traded for 3 hours this morning + 2hrs this evening.

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