Trading Diary & Market Update ~ Tuesday 15th October 2013

09:15am  ~   The markets yesterday displayed a high degree of confidence that we’re going to have a solution this week to the U.S. debt problem.  The S&P500 rose up over the 1700 level in the last hours of yesterday’s trading session, a level we have not seen since the end of September.  Data released yesterday showed that industrial output rose in the Eurozone so that gave support to the markets as well and given the fact that equity markets rose after the weekend break, it’s not surprising that the value of Gold came down slightly – the reasons for that have been written about here on many occasions.

I am off for a cycle ride now but will be back in an hour to watch my charts and do some emailing.

11:10am  ~  I sat down half an hour ago to watch for any trade opportunities, and a few minutes ago I got into a ‘short’ position on my Brent Oil chart. I used one of the strategies from the trendFX system.

14:15pm  ~  My Brent Oil position has just come to end with favourable outcome (+60 pips).   Just had a large book delivery from Amazon, so I’m going to delve into them this afternoon with a nice pot of tea.

17:30pm  ~  I’m taking a break from my “reading-afternoon” and have switched this laptop on to watch for any trades with my “Trade With A Day Job” evening strategy.  I will report back as to whether it’s a lively or quiet evening on the market.

19:15pm  ~  In in my first position of the evening trading session, a short on the S&P500 – currently running at break even.

19:40pm  ~  I am out of the market and not looking for any other trades now. The S&P staged a quite dramatic fall in price and I have come out with +83 pips. Off out for some supper now as I’ve been indoors since late morning.

We’re about half way through the month and my trading profit so far for October stands at +1057 pips.

Daily Target Reached ?  YES (+143 pips)   I have traded on and off since late morning.

 

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