Trading Plan: Monday 21st January 2019

Mark Nugent Jan 2019, Trading Plan

Trading Plan: Monday 21st January 2019

We start the week slightly risk off due to bad, although expected, GDP results form China, stoking fears of a global slowdown. However, I feel the impact of a result that was expected will be limited and the slight pullback we are seeing in equities may simply be an opportunity to enter long, because going long on pullbacks is a great way to enter a trade.

Trump continues to be positive about China, sticking to his New Year’s resolution to stop talking the markets down.

In the UK, PM May abandons her attempts to involve the other parties and is due to present her Plan B later today (by some accounts).

I am in the latter stages of setting up an Islamic account at a UK FCA regulated broker to allow me to take longer term bullish positions in the GBP.

I hope you have a good week and I’ll be back tomorrow morning.

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