Unfortunately, due to ill health, there is no WEEKLY FX DRIVE THRU blog this weekend. For WEEKLY FX PREMIUM subscribers, I have put together a SUNDAY MORNING ZOOM (of sorts), and this will be released as usual.

 I hope to be back at 100% next weekend, by then we should have a DEBT CEILING agreement thrashed out and hopefully voted on and in place for a two-year period. If we haven’t a lot of what I was proposing to go through this weekend will remain relevant for next time.

I decided enough was enough with my JPY long trades and took my pain with my open USD/JPY positions, hence my pip total for the month has reverted to negative.

My thought process is such that until we have a DEBT CEILING settlement, the line of least resistance will be USD strength. There are plenty of reasons for this move to reverse and I expect “the mother” of all reversals when it happens with the DXY testing 100.00. For now however, I lick my wounds, roll my sleeves up and get prepared.

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.

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

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BLOG VERSION: #502 WEEKLY FX DRIVE THRU (FREE NEWSLETTER)
DATE: 28th May 2023