Nick’s Trading Diary – Wednesday 9th January 2019

Plans are “Fluid” today as I have an invitation for an afternoon out with friends if the weather holds out but in the meantime I shall be in the office watching my charts and catching up on Skype calls and emails.  Any trades I find will be detailed below.

08:10am:  Nothing to report on my collection of favourite charts.

09:05am:   Taken a ‘short’ position on my GOLD 30-min chart, it’s a Master-The-Trend Strategy-A pattern with an 11 pip stop loss.

09:20am:    Now also in a ‘long’ position on my FTSE-100 1-hr chart. Also a Master-The-Trend Strategy-A pattern but with a larger stop loss (33 pips) reflecting the higher timeframe.

09:30am:  Now I’m in a ‘long’ position on my WTI CRUDE 30-min Chart – another Master-The-Trend Strategy-A pattern with a 28 pip stop loss.

10:20am:    Just taken a quick  profit from my WTI CRUDE position ahead of this afternoon’s Crude Oil Inventories announcement (+66 pips)

10:55am:   Now out of my GOLD position now, it’s taken a while for the price to come down to a level where the profit was reasonable but eventually but I’ve achieved a +21 pip profit.

11:40pm:    Still waiting for the FTSE price to rise significantly to allow me to close it off with a decent profit.  My game of golf after lunch has been confirmed so I will close the position off before I leave the house if at all possible.

12:05pm:    Getting ready to close the position off before I go out for lunch so I have brought my stop loss upto -10 pips.

13:55pm:   I had intended to switch off my charts a while ago but I’ve been interested in the price action on the FTSE chart, it has had trouble moving above 6938.  While I think it may eventually get over this small obstacle I have now run out of time so I’ve closed off the position with a small +14 pip profit.

Happy with the trades I took today, my total profit was +101 pips.  I am now off for a game of golf for the next few hours and I may have a day away from the markets tomorrow as I want to write up a small eBook which will explain how to get more out of my daily “Trading-Ideas”

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