Trading Plan – Monday 25th January 2021: Sentiment improving as the day progresses…
Welcome to Week 4. Apologies for the lack of a Daily Alert on Friday. I have managed to piece together my PC after Microsoft corrupted my login details, locking me out of my own machine. All it took was a forced Windows re-install, a full backup and many, many hours of my life. You must, must, MUST, have reliable backups of your important stuff. And remember, one of your backups must be off-line. No Russian hacker is getting to the USB backup drives I keep in the boot of my car.
To business. Risk sentiment is improving as the day moves on. We have gone from risk-off as the US session opened to indecisive (1600 GMT). Hopefully, we are now through the unusual risk events of the past three weeks (all US and political) and we can get back to the real business of trading and making money.
In the member’s video I go through the trading themes for the week. I have some quite firm views on the Euro and the US dollar as well as equities and the other currencies. All the detail is in the video.
Happy trading. I’ll be back on Wednesday.
Members can access today’s video in the VIP Club members area HERE