At long last the ECB has joined to party and now has positive interest rates.
My SOAPBOX title came I think, from a movie, that I watched a while ago. It caught my attention and really does fit the bill as a title. The bureaucracy of Brussels is such that it operates in a bubble. It seems from the outside to be in its own dysfunctional non-elected, non-representative world completely impervious to the outside world. EU policy, rules and regulations are often queried but NOT effectively challenged... hence the title, which I have linked to the 0.75% rate hike last week.
Fundamentally, looking longer-term nothing has changed as far as I am concerned and my BLACK SWAN prediction remains in play for Q4 2022.
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: #468 FREE NEWSLETTER
DATE: 11th September 2022