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
UNLESS YOU EDUCATE… DO NOT GIVE THE GREAT UNWASHED THE VOTE
A SUMMER OF DISCONTENT AHEAD
CYCLES, RISKS & RANGES
THE 2% NOOSE