Weekly FX Drive-Thru

Some thoughts to help you trade forex more consistently

Weekly FX Premium

ALL EYES ON THE FED THIS WEEK

As weeks go, last week was probably one of the quietest from my involvement with market since I started trading in the FX market. The quick and easy measurement is the fact that I only added eight new trade set ups and three of those were added last Friday! The market, as I have stated over and over again this year so far is very hard to trade as a SWING to POSITION trader, regardless of whether your longer-term fundamental macro views are accurate or not. There is no real market movement. … [Continue reading]

TRADING… A TWEET TO TWEET STRATEGY

As we head towards the end of H1 2019, I have been reflective this week on my overall FX PREMIUM trading performance on completed trades for the year so far, also taking stock of the current live trades that are held as longer-term core positions. This complete review will manifest itself in the June 2019 performance review which will close Q2 and H1 2019 at the end of the month. Why was I reflective just one week into June? All will be revealed in a few paragraphs time. Last week was a … [Continue reading]

THE WEEKLY FX PREMIUM – MAY 2019 PERFORMANCE

Much has been written this month by many traders and analysts, not just me, about how difficult the range bound FX markets are to trade inside. In fact, I think that I have been highlighting how awkward the FX market has been for a few months, definitely all of Q2 anyway. In a “rangey” trading environment, in my opinion it is even more important to stick close to your daily routines that work. Set your levels and trade with them. As traders we always need to be trading with conviction. We … [Continue reading]

GOING, GOING, NOT QUITE YET… BUT SOON!

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 … [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 … [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]

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]

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THE WEEKLY FX DRIVE-THRU & WEEKLY FX PREMIUM

POSITION trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.

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