We are in what seems like suspended animation. The markets are jittery, and several key levels are being tested but until we have more certainty, it appears that for now that these levels are shorter-term barriers, but there will be a move to create the TIPPING POINT sooner rather than later.
Headline dominating markets are in my opinion the most difficult to work with as regurgitated news can sometimes deliver an algorithmic move that gets everyone excited that can fade quite often as strong as the initial move.
TRADING DISCIPLINES and PATIENCE along with good ACCOUNT MANAGEMENT are paramount to success in this environment. On the negative side fear of missing any potential moves has many traders living in front of their screens. This in itself is a recipe for disaster and can create a FOMO point of view which is just not good.
In this week’s DRIVE THRU, I touch on the above subjects in my own style. Check out my thoughts via the link below.
WEEKLY FX DRIVE THRU (ZOOM):
WEEKLY FX PREMIUM PERFORMANCE:
OCTOBER 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.
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: #521 FREE NEWSLETTER
DATE: 22nd October 2023