Weekly FX Drive-Thru

Thoughts to help you trade forex consistently

Weekly FX Premium

HAS THE BOTTOM BEEN POSTED?

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US CPI did not disappoint.

Whilst the print was in line with expectations the market reaction was its now customary response of wild volatility taking out both longs and shorts from the market. Of the USD majors, possibly the best example being the cable, which, took a 140 pip round way trip in very rapid succession.

Has the market bottom been posted? This is the subject of the SOAPBOX in this week’s DRIVE THRU (ZOOM). Check out my thoughts in the YouTube presentation below: -

Moving on...

Then of course we have the USD/JPY. I tried on four occasions last week to enter short based upon small pullbacks. I could NOT get an entry. It does like that for me to trade this pair is going to be like catching a falling knife!

With the BOJ Monetary Policy Statement and Press Conference this week, JPY pairs will be under as much scrutiny as the comments made by Haruhiko Kuroda, the Bank of Japan Governor. I am taking a deeper look into the BOJ possibilities for WEEKLY FX PREMIUM subscribers in the subscriber only SUNDAY MORNING ZOOM.

Moving on...

Some nice trades in the early part of the year have given a really great start to 2023, all objectives are looking good.

WEEKLY FX PREMIUM PERFORMANCE – 2023 SO FAR...

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“THE DOUBLE UP” SUBSCRIBER PROMOTION

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In addition...

If you visit my website, you will find lots of additional supporting information about the way I trade. The link below should be helpful.

https://weeklyfxdrivethru.com/what-is-the-weekly-fx-premium/

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)
Telegram: The Weekly FX Premium -
(Restricted feed - FX PREMIUM Trade Information, Market Commentaries & Views)
Twitter: @thepipaccumulator (Open feed)
https://weeklyfxdrivethru.com/disclaimer/
BLOG VERSION: #486 FREE NEWSLETTER & COFFEE SHOP
DATE: 15th January 2023

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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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