Daily Alert – Tues 1 Oct: Currencies largely behaving as expected…giving opportunities

Mark NugentDaily Alert, Oct 2019

Daily Alert – Tues 1 Oct: Currencies largely behaving as expected…giving opportunities

Yesterday saw a month-end and quarter-end which always leads to some “book balancing” and often low volatility, as we have seen. In terms of the Trading Plan, the USD, EUR, AUD and NZD are all acting as expected. I take a EURUSD short on the weak EUR and strong USD. The other option, AUDUSD short, I did not take as the technical position was poor – support had not been breached. As you will see from the chart, the pair has moved down significantly today but that does not mean my decision to not trade was wrong. Remember, a good trade is one where you follow your rules. The outcome does not define the quality of the decision making, strange though that may seem.

We expect Boris’ final Brexit deal today. I suspect the EU will reject it in order to begin a process of extension, election and hopefully (for the EU) a remain government.

I hope to see you at the webinar tomorrow. I will show you my first draft of a “how to decide what to trade” single sheet guide. It’s a work-in-progress but you may find it very useful.

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To see the video, members can login HERE.

If you would like a free trial to the VIP Club you can find out more HERE.

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To see the video, members can login HERE.

If you would like a free trial to the VIP Club you can find out more HERE.

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Here is your video:

You can download the video HERE.

The updated Trading Plan is HERE.

There is an archive of all VIP Club member’s content on the VIP Club page.

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