This weekend’s DRIVE THRU (ZOOM) link is below.
Last week was all about the RBA and ECB. This week the FED, BOE and BOJ take centre stage. With rising inflation, and economic growth targets being cut, dare I say it, STAGFLATION and RECESSION talk it at the forefront of the economic debates taking place at the moment. In my opinion, long overdue and I have been highlighting this issue for weeks now as the data just continues to move in the wrong direction.
In this week’s “ZOOM”, I have added a section called “That was the week that was”, which reflects back to the title of an old BBC Radio 4 political satire programme. I have often thought that looking forwards, looking backwards, and looking sideways was always a good practice when looking at the market as an FX trader. One can argue by the inclusion of this section I have now completed the circle regarding the content of the DRIVE THRU.
THE WEEKLY FX DRIVE THRU BLOG (ZOOM EDITION):
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.
The Pip Accumulator
Twitter: @weeklyfxpremium (Restricted feed - FX PREMIUM Trade Information)
Twitter: @theanalogtrader (Restricted feed - FX PREMIUM Market Commentaries & Views)
Twitter: @thepipaccumulator (Open feed)
BLOG VERSION: #458 FREE NEWSLETTER
DATE: 12th June 2022