Not a great deal of trading activity last week from my side. The markets are simply following the line of least resistance in a low volatility environment, and they are liable to squeezes, which we saw of couple of such examples last week.
So not a fan and I am not brilliantly positioned for the current markets, so I am sitting patiently managing existing positions. I still have conviction with my trades but “the noise” can be disruptive at times despite having a positive mindset that supports my overall positioning.
In this week’s DRIVE THRU, I look at the market sentiment amongst other factors that as a POSITION TRADER they feature prominently in my day to day thoughts and macro view of what is happening.
THE WEEKLY FX DRIVE THRU ZOOM (YouTube):
THE WEEKLY FX PREMIUM PERFORMANCE:
MAY SO FAR:
Full supporting data regarding the WEEKLY FX PREMIUM is on my website under the heading “HISTORY / PERFORMANCE” – The Weekly FX Premium this year’s performance, use the following link: - https://www.weeklyfxdrivethru.com
For more information on me and how I trade via THE WEEKLY FX PREMIUM...
If you visit my website, you will find lots of additional supporting information about the way I trade. The link below should be helpful.
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
Twitter: @weeklyfxpremium - (Restricted feed)
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Twitter: @thepipaccumulator - (Open feed)
BLOG VERSION: #501 FREE NEWSLETTER
DATE: 21st May 2023
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