WEEKLY FX PREMIUM: JUNE 2022 PERFORMANCE REVIEW
and
FX TRADING THIS SUMMER WILL BE DIFFERENT
Well, of the weeks in a year, last week was one of them!
Currency moves were explosive and whilst as retail traders we always tend to look for reasons to hang onto to justify moves, at the end of day, it was all rather pointless. Way above my pay grade, I could NOT make rhyme or reason from the reasons provided on Financial TV, so at the end of the day, I decided that because it was the end of a month end of a quarter and the end of the half year, it was all to do with the window dressing that financial institutions and other fund managers go through to justify their existence.
Last week, I wrote on a couple of occasions to subscribers stating that I was basically stepping aside as I did NOT necessarily believe the moves and that I would wait until after the US holiday next Monday to take a further look at all things FX. In fact, last Friday which was Canada Day when I was enjoying a BBQ on the beach it looked like there was carnage in FX on the back of the Atlanta FED GDP tracker indicator that showed the US to be in a technical recession. I missed it all.... however, I will visit this news item in the ZOOM below.
Additionally, this week saw another month’s performance complete. I will review this in the ZOOM and also in my H1 2022 REVIEW ZOOM, which will be posted soon.
FYi, the headline numbers for June 2022 were: -
June 2022: +2,223 pips
Year to Date: +11,459 pips
More details about the performance can be found on my website under the TAB – HISTORY / PERFORMANCE on my home page.
This weekend’s DRIVE THRU (ZOOM) link is below. Check it out to see what I did from a trading perspective and how I am working through the volatility.
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.
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: #461 FREE NEWSLETTER
DATE: 3rd July 2022
INFLATION – RECESSION – STAGFLATION – DEPRESSION
CYCLES, RISKS & RANGES
EYES ON LAGARDE
“IT’S MORE THAN JUST A BANK CRISIS”