Weekly FX Drive-Thru

Thoughts to help you trade forex consistently

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WHAT MATTERS TO THIS FED?

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The chopfest continues. This week I am taking a look from my perspective at what matters to this FED.

We are about to enter what are usually quieter months for trading in the FX market. I wrote last week regarding my thoughts about how I believe this year will be different.

We saw an explosive move lower last week with the EUR/USD and a test of parity looks to be a case of “when” and no longer “if”. I was a victim of this move and saw it as the time to cover EUR longs, it was painful to add losses, but it gives a greater focus moving forward with those trades out of the way.

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: #463 FREE NEWSLETTER
DATE: 10th July 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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