Another month complete and just one more DRIVE THRU blog next week and then I have a break from blogging until September 6th. Remaining totally honest with my content each week, I am ready for a break from looking at screens and chart analysis for a while. Do not get me wrong my overall performance so far this year has been nothing short of bloody fantastic as far as I am concerned, although over the past 4/5 weeks there are some noticeable tweaks that need to be worked on as I am not 100% … [Continue reading]
ANTIPODEAN CURRENCIES STILL ON MY RADAR
Another week and not a lot has changed in the FX market. It is still basically a chopfest within a range. Every now and then it looks like a break in habit is about to be fulfilled only for either buyers or sellers to step in and push the currency pair back in its range once again. My same list of fundamentals remains in position and I merely list them without supporting details and they are in no particular order of ranking importance: - HONG KONG / CHINA CHINA TRADE DEAL with U.S. … [Continue reading]
THE PRESSES JUST KEEP ON ROLLING…
Forex has basically been consolidating this past week, yes, we can highlight moves with the cable and its crosses but outside of the GBP and related trades we are in a “chopfest” and like many traders I have been “chopped about”. I have made pips but at the same time lost pips and at the end of another week my trading accounts as a net are flat. Basically, from the macro view, absolutely nothing has changed; the world’s Central Banks and Political Leaders have happily traded short-term … [Continue reading]
“ARE WE ASLEEP AT THE WHEEL?… IT’S ALL GOING TO END IN TEARS”
I never get bored trading Forex; I may at times get very frustrated. Being a longer-term trader, the market fundamentals count in my world and as we all know of late fundamentals have counted for diddly. My start to trading this month was poor … [Continue reading]
“IT’S AN EMINENCE FRONT… IT’S A PUT ON”
Over the past week or so much has happened in the world. Initially, some may find some of the headline news events connection to Forex quite obtuse, but the world is so connected in many aspects, it is now very difficult to detach world events … [Continue reading]
THE WEEKLY FX PREMIUM: MAY 2020 PERFORMANCE
Still moving forward with pip accumulation, but May 2020 was a slowdown in pips and $$$ in a straight comparison to previous months this year. I found the month very difficult to trade at times, and I was caught on the wrong side of a few trades in … [Continue reading]
UK & EU ON THE ROAD TO NOWHERE…
I have to start this week’s blog by saying what a strange week last week was. As I had mentioned last time, I was going to be more selective and patient when selecting trades. I also added the following section into the blog on FUNDAMENTALS. “From … [Continue reading]
POCKETS ARE DEEP AND THERE ARE NO BOTTOMS…
My Business continues to move forward albeit at a quieter pace than of late. I continue to add pips and $$$ but we are really just, apart from the Antipodean related currency pairs just consolidating recent moves. There are plenty of lights flashing … [Continue reading]
STOCKS RIP, NASDAQ AT NEW HIGHS, IT ALL SOUNDS SO PEACHY
Back in the chair, in front of a bank of screens and keyboards and properly motivated for the next stint of trading through to the Summer break on July 17th, 2020. What’s occurring? The big news would appear to be that apparently economic data … [Continue reading]
THE WEEKLY FX PREMIUM: THE REVIEW OF THE APRIL 2020 PERFORMANCE
After the phenomenal pips of +6,166 last month, this month it was a return to the abundance that I am used to +1,872 pips. Nevertheless no POVERTY MINDSET on pips here! After just 4 months of the year complete and in additional an upward revision … [Continue reading]
V SHAPED RECOVERY… DOUBTFUL
I am happy to be back after a two-week break over the Easter holiday. What’s new? If ever there was a loaded question that was it. Before looking at the economic story, you will notice some subtle changes to the blog, as always, I enjoy the … [Continue reading]
THE WEEKLY FX PREMIUM – MARCH 2020 REVIEW OF PERFORMANCE
I will start as I started last month’s report on my February 2020 performance... well that was some month. As far as records go for my subscription service, last month was my best single months performance ever. There are so many positives, but, … [Continue reading]
RECESSION… DEPRESSION… RESISTANCE IS FUTILE
Another choppy, volatile, some might even say knicker gripping week in FX. I just hope that “newbie” traders heeded the warnings and traded smaller. One thing for sure is that if you can survive these markets you will survive most aspects of FX … [Continue reading]