Weekly FX Drive-Thru

Thoughts to help you trade forex consistently

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IT’S ALL AS CLEAR AS MUD

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It’s been a long time since I have written the following “Jesus, Mary and Joseph and the wee Donkey”.

I would say that there is plenty of head scratching going on this weekend. The FED, ECB and BOE left me with more questions than answers at the messages delivered were all three were conflicting, confusing and at times laughable as certain questions were swatted away without an attempt of a reasoned answer.

Follow these announcements with a blowout NFP number of +517,000 jobs added to the U.S. economy when all we’ve heard about is layoff after layoff, I have a number of over 200,000. No-one was expecting or predicting anything like +500,000.

I look at all of the above inside this weekend’s DRIVE THRU, below: -

WEEKLY FX PREMIUM PERFORMANCE:

JANUARY 2023:

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FEBRUARY 2023 SO FAR:

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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/

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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)
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https://weeklyfxdrivethru.com/disclaimer/

BLOG VERSION: #489 FREE NEWSLETTER & COFFEE SHOP VERSION
DATE: 5th February 2023

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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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