Daily Alert: Thursday 7th February 2019

Mark NugentDaily Alert, Feb 2019

Daily Alert: Thursday 7th February 2019

Markets go slightly risk off. Equities turn down. The USD continues to rise. The Bank of England and the ECB lower growth forecasts. Italy is becoming a real problem for the EU with growth forecast for 2019 cut to 0.2%.

My USDCAD is doing nicely, currently 3 x risk in the money. My SP500 turns against me. As the risk sentiment is negative I place the stop loss close to the prevailing price and get taken out for a gain of around 1.4 x risk.

I placed no new trades in the Trading Experiment. I will do a review of the first week of the experiment tomorrow, after the Weekly Review. So far: 4 trades placed, 2 winners, 2 still in play, but going against me. You should be a part of the Trading Experiment – details in last night’s webinar recording, at 14:42 mins, available to all on the website.

See you tomorrow.

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To see the video, members can login HERE.

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Here is your video:

You can download the video HERE.

The updated Trading Plan is HERE.

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