I have said this a few times in a few different places, I am not a fan of the current market. We are rangebound to a large extent and volatility has been a little muted. Largely, we are witnessing false breakouts such as the EUR/USD, well, at least I am interpreting the moves as such, and the moves lower whilst being mainly corrective, they could also be interpreted as consolidatory.
I have always said PATIENCE and CONVICTION are critical success factors for trading Forex, and these have a greater relevancy for longer-term traders such as myself. I treat the current market as nothing more than noise and I am simply waiting and adding to existing positions tactically at levels that I see as meaningful for my trading style.
As a FUNDAMENTAL trader things are happening. The markets are jittery as there are huge chunks of uncertainty filtering through at all levels. In this weeks “DRIVE THRU”, I am looking at these FUNDAMENTALS.
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
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BLOG VERSION: #500 FREE NEWSLETTER VERSION
DATE: 14th May 2023