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.
The Pip Accumulator
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BLOG VERSION: #463 FREE NEWSLETTER
DATE: 10th July 2022