Trading Plan – Monday 17th April 2023: No highlight on the economic calendar. Good!

Mark NugentApril 2023, Trading Plan

Trading Plan – Monday 17th April 2023: No highlight on the economic calendar. Good!

Good morning.

Last week’s attention was centred on US CPI and the FOMC Meeting Minutes. As it turned out, it was all a bit of a damp squib. The Fed said a “mild recession” was now more likely than not, but they’d hike at the next meeting anyway.

I placed two trades. WTI long produced a small loss. EURUSD long produced a larger gain. These two trades, combined with a loss-making EURUSD earlier in the month, mean I am just, just positive for the month so far.

This week has no real highlight and, surprisingly, no Tier I announcements from the US. This could be good, as it allows the fundamentals to play out, without the distraction of “events”.

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

I’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