Weekly FX Drive-Thru

Thoughts to help you trade forex consistently

Weekly FX Premium

MAGA… BY DEFAULTING?

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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.

Enjoy.

THE WEEKLY FX DRIVE THRU ZOOM (YouTube):

 

THE WEEKLY FX PREMIUM PERFORMANCE:
MAY SO FAR:

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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.

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

THE CLOSE:

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)
Telegram: The Weekly FX Premium - (Restricted feed)
Twitter: @thepipaccumulator - (Open feed)
 https://weeklyfxdrivethru.com/disclaimer/
BLOG VERSION: #501 FREE NEWSLETTER
DATE: 21st May 2023

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THE WEEKLY FX DRIVE-THRU & WEEKLY FX PREMIUM

FLASH, MOMENTUM, SWING, RADAR, FUNDAMENTAL, BREXIT, INVESTOR and POSITION (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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