Weekly FX Drive-Thru

Thoughts to help you trade forex consistently

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CENTRAL BANK TARGET RATES ARE NOW THE FOCUS

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This weekend’s DRIVE THRU (ZOOM) link is below.

I am receiving a lot of feedback, some good, some not so good about switching to away from the written format.

For those who prefer a written blog as opposed to a video version, you will be pleased to know that next weekend’s DRIVE THRU will be in a written format.

Looking down on the FX market from where the air is thin, I am undecided as to whether we are seeing bottoms and tops being formed or are we just having a break, and, seeing consolidation into the end of the month, before resuming the prior moves. From my perspective, I think that the jury is out.

We have a month end and NFP this week, plus the next round of Central Bank Monetary statements continues following the RBNZ which raised its OCR rate by 0.50% last week. So, in true FX style, the chop will continue.

THE WEEKLY FX DRIVE THRU BLOG (ZOOM EDITION):

https://youtu.be/SydVB66GWCE

 

Finally, always remember longevity in Forex trading can only be achieved through trading with a good MINDSET, RISK, TRADE and HEAD MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility. Trade with a TRADE PLAN, basically, plan your trades and Trade your Plan.

Be grateful for your wins and count them. Keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.

Scott Pickering
The Pip Accumulator
Twitter: @weeklyfxpremium (Restricted feed - FX PREMIUM Trade Information)
Twitter: @theanalogtrader (Restricted feed - FX PREMIUM Market Commentaries & Views)
Twitter: @thepipaccumulator (Open feed)
https://weeklyfxdrivethru.com/disclaimer/

BLOG VERSION: #456 FREE NEWSLETTER
DATE: 29th May 2022

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FLASH, MOMENTUM, SWING, RADAR, FUNDAMENTAL, BREXIT, INVESTOR and (CORE) 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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