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:

WEEKLY FX PREMIUM PERFORMANCE:

YEAR TO DATE:

Moving on...

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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: 6^th November 2022