Just in case you have been hiding in a cave for the past few months, or like several fund managers, hiding under your desk on prescribed “Prozac”, let me tell you, the FX market is totally unpredictable. Day after day we have seen little to no volatility when economic data releases would have usually provoked a good move, but the market remained in very tight ranges, whether the market was described as “RISK ON or RISK OFF”, Then on a day (last Wednesday) with no front-line economic data … [Continue reading]
FX MARKET CONDITIONS and TRADING PSYCHOLOGY
Another difficult week in FX is over. When deciding what to write about this week in my opening section, it was a toss-up between: - THERESA MAY – the final days, but what / who is next? NIGEL FARAGE the EUROPEAN UNION PARLIAMENT and BREXIT THE EUROZONE (ITALY, SPAIN, GERMANY & THE EUROPEAN PARLIAMENTARY ELECTIONS) TRUMP and the TARIFFS CHINA and the TARIFFS IRAN WAR THREAT and OIL FX MARKET TRADING CONDITIONS TRADING PSYCHOLOGY in today’s FX market I could … [Continue reading]
THE WEEKLY FX PREMIUM – 2019 PROMOTION
For a limited time, until midnight Atlantic time 1st June 2019, I am offering the following PROMOTION to become a subscrtiber to my subscription service, THE WEEKLY FX PREMIUM. Scott Pickering The Pip Accumulator @pipaccumulator https://weeklyfxdrivethru.com/disclaimer/ … [Continue reading]
BRAVADO, BOLL***S, BULLS**T or BIDEN?
Quite a few subjects to choose from to fill my opening comments to the blog; - CHINA / U.S. trade deal. TRUMP – continuing to mislead voters with “FAKE NEWS”. Continuing BREXIT woes for UK Prime Minister, Theresa May. How and why … [Continue reading]
THE WEEKLY FX PREMIUM – APRIL 2019 PERFORMANCE
Another month of 2019 completed. It was a hard month with adjusting back into Atlantic time and trying to get to grips with opportunities in a range bound market. I could gripe and bitch about the market here, but I will not. Any bitching will be … [Continue reading]
WHERE NEXT FOR THE EUR/USD?
Last Wednesday turned my monthly performance around. Prior to Wednesday having been away for home for a few weeks, I had gotten caught in the AUD euphoria of a breakout above 0.7200 and was caught upside down in the market, after previously being … [Continue reading]
WHY IS THE FX MARKET SO RANGE BOUND?
I am now 100% back in front of my trading screens. It has been a rather insipid week with no real extensive price action to talk about, I often use the line all the “Flashing Lights” on my broker screens flatter to deceive the viewer. Following … [Continue reading]
THE WEEKLY FX PREMIUM – MARCH 2019 PERFORMANCE
The first quarter has ended, and I find myself in an unusual, but very happy position vis-à-vis the number of net pips added so far in 2019. By writing “unusual” let me be clear, I do not mean that I am not grateful or believe that I do not deserve … [Continue reading]
GET READY: “DIVISION… CLEAR THE LOBBY”
This is my final blog for a few weeks. I will be trading but not blogging again until the weekend of April 13th. My timing for my trip could not be any better, my favourite subject... “BREXIT” hits the headlines this week with the usual cocktail … [Continue reading]
THE WEEKLY FX PREMIUM – FEBRUARY 2019 PERFORMANCE
Another month has flown by... This year at the end of every trading month and quarter, my DRIVE THRU blog will have a different format for both the FREE NEWSLETTER and WEEKLY FX PREMIUM subscribers’ variations of the blog. The FREE NEWSLETTER … [Continue reading]
ADJUSTING TO LONGER-TERM TRADING
After a lot of moving and shaking it looks like BREXIT is going down to the wire. Last week’s trade action was as instantly forgettable as the previous 2/3 weeks and frankly having always been able to find something to write about in this blog, of … [Continue reading]
FX: TIGHT RANGES STILL IN PLACE… BUT IT’S ALL GOING TO KICK OFF SOON
What a boring week. I am “LIVE” in many trades, but I am just sitting and waiting for moves to take place. I was the wrong way vis-a-via the RBNZ last week, like many other people I expected a dovish commentary from the RBNZ Governor, Adrian … [Continue reading]
FX: TIGHT RANGES ARE SET TO CONTINUE
In many regards, I could just re-post last week’s blog post. Yes, I will admit some additional “facts” have come to light vis-à-vis BREXIT and the CHINA / U.S. trade deal, but these moves are not really ground breaking, or earth-shattering news, what … [Continue reading]
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