Trading Plan – Monday 2nd August 2021: Week starts on the front foot with positive sentiment

Mark NugentAugust 2021, Trading Plan

Trading Plan – Monday 2nd August 2021: Week starts on the front foot with positive sentiment

Good morning traders.

Last week was quiet due to the midweek Fed meeting and month end. I was successful in not ending the month with a losing trade. I managed to end the month with two losing trades: Japan225 and HongKong50. Brief videos are in the members area. I will get the July Performance Report out to you on Friday. It was still a very good month.

We start the week and the new month on the front foot. Risk sentiment is positive. Equities are rising and the JPY is falling, just as we like to see.

There’s plenty on the economic calendar that can move the market. In the US we have PMIs on Tuesday and Wednesday and the fabled NFP on Friday. In the UK we have Super Thursday on, er, Thursday. This is when the Bank of England’s Monetary Policy Committee vote on the interest rate and the Asset Purchase Facility (also known as QE).

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