07:55am CET (6:55am UK time)  ~  Mostly at home today for me helping the builders finish up by this evening so I will report back here if I spot any trading opportunities  when I pop back here to the study to glance at my charts from time to time.

The U.S. markets are still advancing well on the back of the Republican’s majority in both houses now with the Dow Jones Industrial Average hitting another all time high last night, helped also by the ADP employment numbers released yesterday showing there were 230,000 jobs added to the market in October which helps optimism for the general economy even though the Fed has curtailed its money-printing programme.  The S&P500 also rose well yesterday and equalled Monday’s high of 2025 before falling back slightly but a move above that level today will confirm further gains are on the cards for the year-end rally.

Traders here in Europe will be concentrating on the ECB press conference at lunchtime to see of there are any hints regarding monetary stimulus to get the EU out of the recessionary spiral it finds itself in at the moment. There is a rate announcement an hour earlier but any shift in the base lending rate is not expected as they are already at virtually zero now anyway – if you trade forex take care with open positions in the Euro after midday.

Weekly Crude Oil inventory numbers in the U.S. were released as usual yesterday afternoon and they reveal a slowing of stockpiles which gave WTI Crude a welcome lift after recent falls, it ended the day at $78:88 after a generally bullish session.  Gold suffered yesterday due to the perception that the Republicans will help the economy which will benefit equity markets meaning there is less of a need for hedge for investors, it fell for most of the day to end at $1140:40 with no real support as these levels have not been since 2010.

Market Close Wednesday 5th November 2014:   Dow Jones 30  +100.69 @ 17,484.53  S&P 500  +11.47 @ 2,023.57  NASDAQ  -2.96 @ 4,153.27  FTSE 100  +85.17 @ 6,539.14  UK AIM  +1.14 @ 716.20  DAX 30  +149.01 @ 9,315.48  CAC 40  +78.23 @4,208.42  IBEX  +78.23 @ 10,276.90  Nikkei 225 (Today)  -144.84 @ 16,792.48  Hang Seng (Today)  -7.49  @ 23,688.13

All times below are Central European Time (CET) subtract 1hr for UK.

09:25am  ~  Off out for a quick cycle ride, nothing much happening on my charts.

11:05am  ~  Back home and I’ve just noticed a possible UTB trade setting up on my CAC 40 chart.  It needs a little while longer to fully develop so I shall watch it closely for the next half hour or so.

11:40am  ~  The CAC 40 price has now risen high enough to trigger a long trade with a 7 pip stop loss.  The movement on this French index is never very much so the upside is low stop losses but the downside is also low targets as the daily movement is much less than the German DAX 30 and the FTSE 100.  As you probably know, the S&P 500 is the best mover of my favourites.

13:15pm  ~  The strong upward momentum is slowing so I’ve come out of my UTB trade with a +24 pip profit.  Time for lunch in town.

19:00pm   ~ Just got back indoors after an unexpected afternoon out in Port de Soller visiting friends so there’s no further trading to report – although I will have a quick look in a minute to see what’s been happening while we’ve been away.

19:10pm  ~  There maybe a “Trade With A Day Job” position setting up on the S&P 500.

19:20pm  ~  I am in a ‘long’ trade with a 13 pip stop loss.

20:10pm  ~  Still in the trade, the S&P 500 is slowly going up but there’s no real enthusiasm, probably the thought of tomorrow’s Non Farm Payroll announcement.

20:40pm  ~  Just came out of my TWADJ position, I’ve managed +27 pips making +51 pips for the day.

08:15am CET (07:15 UK time)  ~  Starting the day here in the study with emails and some chart watching from time to time – with a cycle ride at sometime before lunch.

The U.S. Dow Jones Industrial Average ended slightly up last night after a shaky start due to energy stocks still suffering the record low crude prices but later in the day retraced back upwards on the back of good bullish moves by WalMart and Procter & Gamble. Late results of mid-term elections over there has given a slight boost to the U.S. indices in overnight futures trading as the Democrats have lost control of both Houses of Congress so European markets should open slightly up in a short while.  Speaking to American friends in the past few days has given me the sense that a lot of their fellow countrymen are now tired of Obama and feel ready for a change and these results are giving hope to the majority of the population.

The S&P500 has had a short retrace on its daily chart but there now seems to be renewed energy for a move upwards to keep the year-end rally alive, a move in the next few days above 20125 should confirm this enthusiasm. European markets are still lagging behind with price levels well below the highs of June this year but if Mario Draghi and his colleagues at the European Central Bank can pull their collective fingers out and offer some monetary stimulus the the region before some of its banks fall by the wayside, as has been rumoured this week.

Crude oil is still suffering from the Saudis reaction to cut export prices in the wake of cheaper ‘fracked’ oil from the U.S. — WTI Crude lost another 87 cents during yesterday’s trading session to finish at $77.34 with the likelihood that the 2011 support level at $75 is going to visited. UK Brent Crude is also being dragged down on this sentiment, it is now at a 4-year low and has lost further pips in overnight futures trading.

Market Close Tuesday 4th November 2014:   Dow Jones 30  +17.60 @ 17,383.84  S&P 500  -5.71 @ 2,012.10  NASDAQ  -13.06 @ 4,156.23  FTSE 100  -34.00 @ 6,453.97  UK AIM -4.88 @ 715.06  DAX 30  -85.23 @ 9,166.47  CAC 40  -63.84 @4,130.19  IBEX  -63.84 @ 10,154.40  Nikkei 225 (Today)  +74.85 @ 16,937.32  Hang Seng (Today)  -162.87  @ 23,682.79

08:30am CET  ~  My fitness-fanatic of a neighbour has just text to see if I’m up for a swim across the bay so I shall be out for an hour or so – nothing much happening on the charts so far.

10:10am CET  ~  Back home now so back to emails/chart watching before lunch.

10:35am  ~  There’s a possible UTB ‘long’ trade setting up on my S&P500 chart.

10:50am CET ~  I am in that UTB position now with a 27 pip stop loss.

12:15pm CET ~  Still in my S&P position, the price has gone up steadily but is starting to consolidate – I can see it still has some more to go though, at least upto the high of the day.

13:50pm  ~  We’re off out to lunch in town so I’ve closed off the trade, it has managed +51 pips.

14:45pm  ~  Back now and going to watch charts again for a couple of hours while here in the study doing some more to my Trading Psychology book.

15:10pm  ~  I am now in a ‘short’ position on my FTSE 100 chart — another UTB pattern set-up. The stop loss is 8 pips.

16:40pm  ~  We’re off to Palma in a minute to pick-up a new car so I’ve closed off my FTSE position with a quick +22 pip profit.

07:55am CET (6:55 UK time)  ~  I am going to do some more work on my psychology book today so will mainly be here in the study – I’ll report back if I have any trades.

The Japanese Stock Market was closed yesterday but has surged overnight building on Friday’s news regarding the Bank Of Japan’s stimulus package although many traders believe this is just going to be a short term boost and will not be a staple in their economy next year. Their  Chinese neighbours are still seeing a slow down in their economy and this has fed through to a range of commodities such as copper, gold, sugar and oil who are seeing a quite dramatic fall in the ir values due to a fall in demand by the world’s second largest industrial economy. Good news from the U.S. yesterday in the form of optimistic Manufacturing PMI numbers showing that they can sustain themselves with out the Federal Bank propping up the economy – although the main indices over there did retrace slightly on the back of the energy stock sell-off.  Technical traders will notice that the S&P500 formed a reversal candle on the daily chart yesterday right on the 2022 resistance level so expect further falls from this level in the next few days, the Dow Jones Industrial Average is already on its way down.

It would seem there’s going to be a short-term Crude Oil price war as Saudi Arabia took the unusual step yesterday of cutting the price of its exports to the U.S. amid a growing market of cheap ‘fracked’ oil, this resulted in WTI Crude dropping over $2 on the day to end at $78.20, a low we have not seen since June 2012.  After Gold’s decline last week, the selling momentum does seem to have slowed down during yesterday’s session although it still lost over $5 to finish at $1165.50 and traders will be keen to see if it drops below the short term support at $1160 or bounces off it to regain some of last weeks large losses.

Market Close Monday 3rd November 2014:   Dow Jones 30  -24.28 @ 17,366.24  S&P 500  -2.40 @ 2,017.81  NASDAQ  +11.07 @ 4,169.28  FTSE 100  -58.50 @ 6,487.97  UK AIM -0.23 @ 719.94  DAX 30  -75.17 @ 9,251.70  CAC 40  -39.06 @ 4,194.03  IBEX  -103.40 @ 10,374.40  Nikkei 225 (Today)  +448.71 @ 16,862.47  Hang Seng (Today)  +4.50  @ 23920.47

10:45am CET  ~  Just had a quick glance at my favourite charts* and there’s not much happening so I shall have a break from emails and Microsoft Word and get out on the bicycle to raise my heart rate substantially.  (*email for list)

13:00pm CET  ~  Just had another look at my charts and nothing setting up at the moment so we’re off into town for some lunch and shopping, back by 4 o’clock I should imagine.

17:30pm  CET  ~  Been back an hour and glancing at a few charts I can see the possibility of a UTB pattern setting up on the S&P 500, Dax 30, FTSE 100 and the French CAC 40 – so we’ll see what develops over the next hour or so.

18:10pm  ~  The UTB on the FTSE 100 and S&P charts did not materialise but the other two did and I chose the Dax for my ‘long’ trade as it moves much better than the French index. I got into the position a few minutes ago with a 15 pip stop loss.

19:05pm  ~  I am also looking for any “Trade With A Day Job” set-ups as well, I’ve not been around much in the evenings lately so have not been trading this particular system. My Dax trade is still doing ok.

19:30pm  ~  I am now in a ‘long’ TWADJ position on the S&P chart with a 20 pip stop loss.

20:10pm CET  ~  The bullish momentum has calmed slightly so I’ve come out of both my trades as I am happy with both profits.  The Dax UTB trade gave me +44 pips and the TWADJ trade on the S&P 500 ended up at +40 pips.

07:55am CET (6:55 UK time)  ~  Nothing much of note for my day so far so I shall be here in the study this morning doing some emails and chart watching every half hour or so. A neighbour has suggested a bike ride to Formentor at 9 o’clock so I’ll be way for a couple of hours but I’ll report back if I have any trades.

The U.S. markets ended well last week with the Dow Jones Industrial Average hitting another all time high and the S&P500 bouncing off the near-term resistance at 2022, so the year-end rally seems well and truly established now. European markets are failing to be as enthusiastic with trader sentiment still subdued as they wait for a sign from the European Central Bank that monetary stimulus is forthcoming to help their ailing economies – and disappointing Chinese new orders at home and abroad has kept Asian markets at bay overnight. There are plenty of large data releases and Central Bank meeting reports coming up this week so expect some sharp moves in the markets over the next few days together with the aftermath of Japanese stimulus programme getting underway.

Worldwide oil demand is still slowing but middle-eastern OPEC members are still resisting calls to reduce production to stave off a drop in crude values but the price of U.S. WTI Crude fell again on Friday to just over $80 and it hit the recent support level at $79:50 during intra-day trading.  The success of fracking in the U.S. is having a negative impact of crude values which is not going to go away for the foreseeable future – good news for consumers and businesses alike so the UK government should sit up and pay attention.  Gold had another bearish week with its value now well below the $1180 support, it finished on Friday at $1173, down over $26 on the day and now at a record level not seen since the middle of 2012 – advancing equity markets towards the end of the year are not going to help the price get back up over $1200 in the near term, watch for a bounce off $1180 for bearish trade opportunities.

Market Close Friday 31st October 2014:   Dow Jones 30  +195.10 @ 17,390.52  S&P 500  +23.40 @ 2,018.05  NASDAQ  +57.57 @ 4,158.21  FTSE 100  +82.92 @ 6,546.47  UK AIM 0.00 @ 720.17  DAX 30  +212.03 @ 9,326.87  CAC 40  +91.86 @ 4,233.09  IBEX  +214.10 @ 10,477.80  Nikkei 225 (Today)  Market Closed  Hang Seng (Today)  -96.399  @ 23,901.67

11:25am (10:25 UK time) ~ I’ve had an unusually large number of emails come in over the weekend so I have been going through them this morning and missed the earlier bike ride with neighbour Jochen but I am going out now on my own for an hour or so. No trades to report so far.

22:25pm CET  ~  Just had a look at this diary and realised it has not been updating throughout the day as I have been writing this which may have something to do with the fact we are migrating the Markets Mastered website over to new servers.  I will sort it out tomorrow once Max has completed all the technical work.

For info I had one UTB trade earlier this afternoon (+71 pips) and nothing this evening as we’ve been out.

09:40am CET (8:40 UK time)  ~  A very late start for me this morning after getting home at 3am —  a day at home doing emails, Skype calls and chart watching is going to be the order of the day I suspect. I will report back throughout the day if I have any positions.

The markets look to be in a bullish morning after a positive end to the U.S. session last night and also a surprise announcement overnight during the Asian session by the Bank Of Japan who announced more stimulus measures to help stave off deflationary pressures in the country’s economy.  As a result both major U.S. indices closed at October highs and Japan’s benchmark Nikkei 225 ended up nearly 5% and hit a 7-year high in intraday trading. As a result S&P 500 futures thois morning have rallied further and are sitting around the high of September 19th just before the large correction.

Over here in Europe the story is completely different with the spectre of recession still looming large as ECB President Mario Draghi is still dragging his heels regarding any monetary stimulus.  German economic figures this month have all been disappointing and well below expectations and now it would appear that the Greek economic problems are returning as the anti-austerity Syriza Party is close to gaining power which may threaten the bail-out agreement that the country had with the ECB.

Gold has hit a 4-year low this morning after the equity market rally in Asian in the past few hours and left behind the support level around $1182 and glancing at my chart it is currently sitting at $1176.  This slump has surprised many traders I have talked to in recent days as there is record Russian purchasing and a looming European economic problem to give investors plenty of reasons to drive the price upwards.

Market Close Thursday 30th Oct. 2014:   Dow Jones 30  +221.11 @ 17,195.42  S&P 500  +12.35 @ 1,994.65  NASDAQ  +10.08 @ 4,100.64  FTSE 100  +9.68 @ 6,463.55  UK AIM -0.61 @ 714.58  DAX 30  +32.03 @ 9,114.84  CAC 40  +30.60 @ 4,141.24  IBEX  +15.90 @ 10,263.70  Nikkei 225  +755.56 @ 16,413.76  Hang Seng  +243.59  @ 23,945.63

10:20am CET ~  Just checked my charts again and there’s not much happening at the moment so I’l going off for a cycle ride for an hour or so.

13:25pm CET  ~  Have been watching my charts on and off for the past couple of hours but no opportunities, so we’re off for lunch in town and then shopping in Palma for the rest of the day.

07:15am CET (06:15 UK)  ~  Early start for me today as we’re off to Palma soon for the day to see friends and go out in their new boat.  Temperatures should reach 75° so ideal weather for our trip.

Big news from the markets yesterday was the ending of the U.S. Federal Reserve’s Quantitative Easing Programme where the central bank has been propping up the world’s largest economy with bond buying. Chairman Janet Yellen is confident that the U.S. is strong enough now to stand on its own feet and unexpectedly she gave no concrete guidance regarding the timeline for an increase in interest rates apart from saying it will not occur for “..a considerable time..” U.S. equities rallied on the open but quickly adopted a bullish slant which carried on through until a further push upwards as Wednesday’s session closed at 4pm New York time, as you can see from the figures below, they ended slightly down on the day and European markets should open flat as a consequence while traders over here try to decide direction towards the end of the week.  Bear in mind that when the previous quantitative easing programmes (QE1/QE2) finished there was a tumbled in U.S. equities, so watch out for a similar reaction this time perhaps ?

Gold and Crude Oil markets all reacted negatively to the Fed’s news and the precious metal ended the day down over $16 at $1212 although WTI Crude ended the session slightly higher at $81.55 per barrel due to an earlier rally, although it has now formed a reversal candle on the daily chart for a possible move back down to its $80 support level.

Market Close Wednesday 29th Oct. 2014:   Dow Jones 30  -31.44 @ 16,974.31  S&P 500  -2.75 @ 1,982.30  NASDAQ  -16.07 @ 4,090.55  FTSE 100  +51.70 @ 6,453.87  UK AIM +2.87 @ 715.19  DAX 30  +14.62 @ 9,082.81  CAC 40  -2.03 @ 4,110.64  IBEX  -147.00 @ 10,247.80  Nikkei 225  +125.03 @ 15,678.94  Hang Seng  -154.81  @ 23,665.06

08:40am CET (07:40 UK)  ~  Late start today after arriving back here in Puerto Pollensa at midnight following flight delays. At home today relaxing so I should get some chart watching in at some stage.

U.S. markets were surprisingly busy yesterday despite the norm of low volumes ahead of a Fed announcement which is occurring late today at 7pm New York time.  It would seem that traders are readying themselves for a rise in equity markets even though Fed Chairman Janet Yellen is going to announce the end of Quantative Easing Programme that has propped up the world’s largest economy for the past few years. It should seem like bad news but as ever traders will find a way to reverse that around and the end of this stimulus for the markets will probably signal lower interest rates well into 2015 which is good news for the economy as a whole, so there’s your silver lining !  U.S. corporate earnings are also coming out better than expected together with better than expected consumer confidence numbers so markets are reaching for higher highs at the moment, the Dow Jones 30 ended above 17,000 for the first time in a few weeks and the broader S&P 500 index has regained around 80% of its recent fall.  Although Europe is still staring recession in the face, equity markets over here ended on a high yesterday with further gains looking likely as the markets open as traders are betting on the European Central Bank providing some extra stimulus to the economy on top of the already record low interest rates.

The Crude Oil market is continuing its bounce off the lows of a few days ago with U.S. WTI Crude gaining almost a dollar during yesterday’s session to finish at $81.60 but the is still downward pressure on prices which is partly due to weak demand but entering the equation now is the success of the U.S. fracking programme, something to look forward to in the UK soon.

You may notice that there are more indices listed below now, with the inclusion of Asian indices in Hong Kong and Japan – this is mainly due to more students from those regions joining us and learning to trade. The UK AIM market has also been added as I have some investments there.

Market Close Tuesday 28th Oct. 2014:   Dow Jones 30  +187.81 @ 17,005.75  S&P 500  +23.42 @ 1,985.05  NASDAQ  +60.01 @ 4,106.63  FTSE 100  +38.72 @ 6,402.17  UK AIM +5.56 @ 712.32  DAX 30  +165.58 @ 9,068.19  CAC 40  +15.93 @ 4,112.67  IBEX  +199.60 @ 10,394.80  Nikkei 225  +224.00 @ 15,553.91  Hang Seng  +301.13  @ 23,821.49

11:15am CET  ~  Been out for a bike ride to Formentor but back now so emails and chart watching for a while before lunch.

12:35pm  ~  Not much happening on my charts ahead of the Fed announcement later but there does look like a trendFX trade setting up on my Gold chart.

13:25pm  ~  I am now in a ‘short’ position on my Gold chart with an 18 pip stop loss.

14:20pm  ~  Gold has taken a big fall from my entry level and the selling momentum has calmed slightly so I am now out of my position with +41 pips.

17:55pm  ~  Just got back from a very late lunch – no trading for me this evening as there is the Fed’s QE announcement out soon making the markets unpredictable.

Daily Target  +20 pips

Pips Achieved  +41 pips

07:25am UK  ~  Up early ahead of another day of meetings before I can fly back to Majorca later this evening so not much trading I would suspect again today.

The markets yesterday had a bit of an uneventful session as all eyes are on the U.S. Federal Reserves meeting on Wednesday evening where it is widely rumoured that the Fed Chairman Janet Yellen is going to announce the end of their third quantitative easing programme and there may also be some ‘guidance’ on when U.S. interest rates will finally start to rise. Traders remember the end of QE1 & QE2 was met with sharp market falls so there is a marked reluctance to enter any large positions before Wednesday’s decision hence the relatively low volumes during yesterday’s session and even a drop below $80 for WTI Crude did not excite anyone into any action – however the price did recover slightly and finished a few cents over the $80 support level.  Over here in the UK Brent Crude suffered similiar falls amid over supply and weak demand factors but did not quite reach the $82:50 low of a few weeks ago and is rallying slightly as I write this now with $86 in its sights.

Gold is still under pressure as relative calm in world events has kept investors interest in equity markets so far this week although a sharp fall tomorrow evening may encourage some buying to lift the precious metal up so it can continue its bullish momentum that kicked off at the beginning of this month. It ended yesterday down almost $5 at $1225.5 but Asian traders have stepped in overnight on a bargain-hunting spree and lifted the price up around $4, currently at $1229.0 and looking at my chart there seems to be more bullish movement in store today.

Market Close Monday 27th Oct. 2014:   Dow Jones 30  +12.53 @ 16,817.94  S&P 500  -2.95 @ 1,961.63  NASDAQ  +4.00 @ 4,046.02  FTSE 100  -55.69 @ 6,363.46  UK AIM -2.27 @ 706.76  DAX 30  -85.19 @ 8,902.61  CAC 40  -32.16 @ 4,096.74  IBEX  -144.10 @ 10,195.20

08:45am CET  ~  Flying back to the UK this morning to sort a few things out but back here on Wednesday.

Although markets in Europe ended broadly in negative territory on Friday they are starting this new week positively after news at the weekend that ECB stress tests on their banks came out widely positive, with only 25 institutions now coming up to standard at the end of 2013 although if you read the small print in the report you can see that most of those are now above the benchmark and there are really only eight left to do any meaningful work. Overall though it has been a good week for most equities here in Europe with all indices continuing the bullish mini-trend that started a couple of weeks ago.  Over in the U.S. corporate earnings are keeping traders in an optimistic mood and the Dow Jones Industrial Average and S&P 500 are well above there 61.8% retracement levels so the speedy sell-off at the beginning of the month seems to have been overdone slightly showing just how easy it can be to panic the markets when fundamentally all is well – the madness of crowd behaviour is alive and kicking.

News last week of a cut in Saudi Arabian oil supply was taken mistakenly to mean a cut in their overall production but it has actually increased slightly which has put further pressure on price so the U.S. WTI Crude has fallen further and lost another 60 cents on Friday to end the week at $81.33 per barrel and a move back to its support level at $80 looks a likely scenario by the end of this week.

The markets are generally in agreement that the Federal reserve is going to end their money printing exercise at the end of this week and this is keeping a cap on the Gold value at the moment and expectations of an interest rate rise sooner rather than later is not helping the bearish trend for the precious metal – it lost just over $2 at Friday’s close to finish the week at $1231. The weekly chart shows a move down to the support level at $1180 is a racing possibility in the next four to six weeks so watch out for bearish trading opportunities.

Market Close Friday 24th Oct. 2014:   Dow Jones 30  +127.51 @ 16,805.41  S&P 500  +13.76 @ 1,964.58  NASDAQ  +29.75 @ 4,042.02  FTSE 100  -30.42 @ 6,388.73  DAX 30  -59.51 @ 8,987.80  CAC 40  -28.78 @ 4,128.90  IBEX  +5.60 @ 10,339.30

08:35am CET (07:35 UK)  ~  Late start this morning after getting in at 2am and I shall mainly be helping the builders here today but I may have a look at some charts occasionally.

The markets were still in a bullish mood yesterday with gains across Europe but the newsflash last night that announced that a doctor returning from Africa to New York has contracted ebola  and this sent the Dow Jones and S&P500 into a tails spin and the Nasdaq index also lost over 20 points in under an hour. This extreme reaction to non economic news gives the impression that the foundations that this latest bullish move is built on is not as secure as many traders think. That movement apart, the main indices have staged an impressive move up in the past and the retracement on the S&P 500 is now sitting at the 61.8% level, so may prove to be critical today and technical traders may expect a move down today.

Gold is suffering slightly this week from advancing equity markets and together with the move into the U.S. Dollar meant another move down for the precious metal and the recent high at $1255 seems to be establishing itself as the top of a trading channel that goes down to the important $1180 support.  Crude oil was given a boost yesterday after reports from Saudi Arabia that oil production in the country fell for the month, so U.S. WTI Crude gained almost $1.50 on the news to finish at $81.87 although overall the price is still in a bearish trend heading back to the $80 support level.

Market Close Thursday 23rd Oct. 2014:   Dow Jones 30  +216.58 @ 16,667.90  S&P 500  +23.71 @ 1,950.82  NASDAQ  +62.68 @ 4,012.27  FTSE 100  +19.42 @ 6,419.15  DAX 30  +107.17 @ 9.047.31  CAC 40  +52.59 @ 4,157.68  IBEX  +83.80 @ 10,333.70

9:25am ~ Just come inside for a quick break and look at a couple of charts but nothing of note is developing on my favourites.

10:50am  ~  Looked a couple of minutes ago at my charts and there does seem to be a UTB pattern setting up on the S&P 500 chart. Have just missed a ‘short’ on the Brent Oil chart as I’ve been outside.

11:10am  ~  I am now in the aforementioned ‘short’ UTB trade, my stop loss on the position is 24 pips.

13:55pm  ~  I am taking all the builders and labourers out for lunch in a minute so I’ve close off my S&P trade, the result is +40 pips

18:10pm  ~  Back from lunch and also the end to my trading for the week. I had a total of 8 trades over four days with no losses and ended up with +476 pips

Daily Target  +20 pips

Pips Achieved  +40 pips