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HEADS YOU WIN TALES YOU LOSE

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OCTOBER 2022:
THE WEEKLY FX PREMIUM REVIEW
and
HEADS YOU WIN TALES YOU LOSE

October was a great month for the WEEKLY FX PREMIUM and that performance has rolled over into November which has started off really strongly.

The “FED PIVOT” has been the topic of most discussion whether by written opinion pieces or via studio time on financial TV. The markets are desperate for RISK ON and any little glimmer of any news supporting this position has been leaped on with vigor.

Into the FOMC announcement last Wednesday the markets had spent virtually 24 hours being positioned for a FED PIVOT only to be disappointed by a very HAWKISH Jerome Powell who undid 24 works in about 30 minutes as the USD strengthened once again.

However, Friday we heard rumours that CHINA is looking to loosen COVID-19 restrictions on passengers arriving by plane into CHINA and HONG KONG. This news placed a bid under the commodity currencies and as you know as I have often said “IT’S ALL ABOUT COMMODITIES”. My Core Position trades in particular flourished on anything that resembles a PIVOT for whatever reason.

CHINA’s news will hurt FED policy, so we enter another crossroads period in the markets...

I look at this, amongst other market fundamentals in my SOAPBOX inside my ZOOM Presentation below: -

THE WEEKLY FX DRIVE THRU BLOG (ZOOM EDITION):

WEEKLY FX PREMIUM PERFORMANCE:

NOVEMBER SO FAR:

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WEEKLY FX PREMIUM PERFORMANCE:

YEAR TO DATE:

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Moving on...

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SURGE TRADER:

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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 VERSIONS: #476 FREE NEWSLETTER & COFFEE SHOP
DATE: 6th November 2022

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THE WEEKLY FX DRIVE-THRU & WEEKLY FX PREMIUM

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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