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ARE WE BEING SOLD THE MARKET CONDITIONS?

September 25, 2022

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Wow.... last Friday was some day in the FX market, especially for the GBP related pairs 2% - 3% downside moves, even the EUR/GBP more often than not limited with its daily pip moves managed over a 1.8% move on the day. I made a few pips but to say I left a lot of pips on the table would be a gross understatement.

What’s next is the big question?

Without trying to be a smarty pants or cynic, I do think that we are being “SOLD” the market conditions by the Central Banks and I am not certain we should take their words as gospel.... remember TRANSITORY!

Listen to my ZOOM presentation below to get my thoughts.

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: #470 FREE NEWSLETTER
DATE: 25th September 2022

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FLASH, MOMENTUM, SWING, RADAR, FUNDAMENTAL, BREXIT, INVESTOR and POSITION (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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