Trading Plan – Monday 11th October 2021: The week gets off to a positive start

Mark NugentOct 2021, Trading Plan

Trading Plan – Monday 11th October 2021: The week gets off to a positive start

Good morning traders.

Last week started quite gloomily with concerns about energy pricing, covid, the US debt-ceiling and global growth. Sentiment improved mid-week as Putin discussed pumping more gas, there was talk of a Biden/Xi meeting before year-end, progress was made on the US debt-ceiling and the ECB announced they were assessing a new bond-buying programme to ease potential turmoil when they decide to taper the current stimulus package.

I managed to trade WTI long and had two bites at the S&P500 long. Reward to risk was not great but I closed the trades for a gain of 2.4 percent which was not bad for a choppy and hesitant market. Brief videos of all three trades are in the member’s area.

This week gets off to a flying start with sentiment slightly positive. WTI is moving up and the JPY/commodity currency relationship is as expected. The Japan225 is rising and that offers significant profit potential.

As always, I go through my trading themes for the week in the member’s video.

Happy trading. We’ll be back tomorrow.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE