Last week was a shortened week of trading plus, this weekend is also a long weekend for many of the bigger traders, so, as a result, we have seen a stunted FX market for quite a few days.
Looking forward, we have a very busy week ahead for key data plus a speech by FED Chair, Jerome Powell, who has been noticeably silent of late when those on the FOMC couldn’t stop themselves from voicing their thoughts and opinions over the long debated FED PIVOT. Powell speaks this week at, what looked like nothing more than a “Jolly” for a free lunch a few weeks ago, for me now, it now has real importance to gauge the Powell opinion vis-à-vis the FED PIVOT in the run up to the next FED decision on interest rates on December 14th, 2022. He is schedule to talk about the economy.
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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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: #479 FREE NEWSLETTER & COFFEE SHOP
DATE: 27thth November 2022