THE TIPPING POINT

For the first time since I started trading FX, almost 12 years ago, I have ended a week with no additional pips added or no pips lost. I was trying to think of something smart, clever, and positive to say about this BUT, I am struggling.

Over the recent weeks I have been speaking to my subscribers whether solo traders or within groups about the fact that I want to have less open trades this summer and that I am more than happy to really reduce my RISK, even though as a longer-term trader, I am used to the way that I trade having a reasonable number of live positions, overall, my conviction vis-a-vis my positions remains good.

Looking at what happened last week in FX and in the markets in general, I feel that pieces in my jigsaw are starting to join together.
I think reality is starting to sink in.

The FUNDAMENTALS remain uneasy for me, so no adding or losing of pips in a week sounds like masterly inactivity, BUT... it all links together and I believe that we are close to THE TIPPING POINT with regards a number of FX pairs, Central Banks, and markets.

If you want to know more of my thoughts on the subject matter above, click the link below for this week’s WEEKLY FX DRIVE THRU (ZOOM): -

WEEKLY FX DRIVE THRU (ZOOM):

WEEKLY FX PREMIUM PERFORMANCE:
JUNE 2023 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:

I am moving house over the next few weeks and as a result there will be BLOGS or ZOOMS until July 22^nd, 2023.

Let’s see what the market looks like towards the end of July compared to now. Will we be in “Summer Doldrums” or something else?

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: #506 FREE NEWSLETTER
DATE: 25^th June 2023