(8681,1,'2016-11-20 06:29:23','2016-11-20 11:29:23','&nbsp;\r\n\r\n<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nWow, that was some week for the USD. There were huge moves with the USD/JPY and EUR/USD about 6% and 3% respectively against the USD, quite incredible.\r\n\r\nHowever, it’s all fueled on promises from THE DONALD that he is going to spend, spend, spend on U.S. infrastructure, this is going to fuel inflation and increase U.S. debt. Add to this a now probable FED rate hike and bingo… the markets love it. The long bonds have had a massive sell off creating the correlated weakness with the USD/JPY sending that pair higher by almost 1,000 pips since THE DONALD ‘s victory 10 days ago. A welcome early Christmas present for Japanese Prime Minister Abe.\r\n\r\nAll of this has sent the FX, Equity and Bond markets on a Walter White meth trip. I trade and only trade FX, but my economics background tells me that for the inflation related to THE DONALD spend would take at least two years to work its way through. So, all the talk of the FED chomping at the bit about inflation maybe just a little premature. Whilst FX is a future pricing mechanism two years in advance and on a TRUMP promise to boot, I would not be banking on a 100% guarantee of results.\r\n\r\nI have read that market analysts are now predicting three maybe four rate increases quickly if the TRUMP spending goes through. FFS, the Fed is led (presently) by the biggest fecking dove on the planet. I just cannot see “the ditherer” signing up to four rate hikes in 2017. I think, and it’s probably proven, Janet Yellen likes to be behind the curve. I just cannot see multiple rate hikes next year without some economic evidence. THE DONALD doesn’t get into The White House until the end of January 2017. From my perspective, it’s all a bit premature.\r\n\r\nYou must admire the moves in the emini’s (S&amp;P futures) though. After the massive drop when it was evident that HILLARY had lost the election, it was LIMIT DOWN and a low of circa. 2.028. Then THE DONALD inflation move against what all the analysts had said would happen, just started to gather traction. From the lows of 2.028 the emini’s went on a non-stop rampage hitting on Friday 18<sup>th</sup> the level of 2.186 which was the 127.2% Fibonacci extension off the LIMIT DOWN lows.\r\n\r\nAll I can say is “What goes up must come down”.\r\n\r\nMoving on…\r\n\r\n&nbsp;\r\n<ol>\r\n 	<li>Review of my existing Trade Styles 2016.</li>\r\n 	<li>New definitions of Trade Styles for 2017.</li>\r\n 	<li>Revisions / updates to web pages at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n 	<li>Trading review of 2016.</li>\r\n 	<li>Marketing Plan for 2017.</li>\r\n 	<li>Revision of Trading Brokers for 2017 versus 2016.</li>\r\n 	<li>Revision of Trade Plan for trading “cross-rates” in 2017Therefore, I have enough to keep me occupied.</li>\r\n</ol>\r\nBack to trading…\r\n\r\nIt was a good week from a pip perspective with +498 new profitable pips added. All other parameters are well within my RISK PARAMETERS.\r\n\r\nI remain very positive with FX Trading for 2017, as I think it has all the possibilities to be what I thought 2016 was going to be from a trading perspective.  I am however, still a little spooked by the market’s reaction to the TRUMP victory. We have gone a long, long way on a promise and the moves are 100% not what any bank, financial institution predicted would be the outcome from a TRUMP election victory. We all know that on many occasions banks sell retail traders against their books and personally, I find some bank financial information great to go against in the opposite direction, but on this occasion, for them all to be arseways on the effect of a TRUMP victory should be concerning if NOT alarming.\r\n\r\nI am ready for 2017, I see no reason why I cannot generate my 10,000 pips objective for PREMIUM SERVICE subscribers. I showed early this year that I could adapt my style and approach very, very quickly to the market conditions. I suffered from a 72-hour power outage, and ISP’s out of action for 24 hours all because of severe ice storms earlier this year. I took severe account losses as these outages were while the BREXIT became a huge issue when Boris Johnson the then London Mayor announced that he was supporting the BREXIT. I was run over on several trades that caused real pain. In essence, I started the trading year from March 1<sup>st</sup>. Therefore, to be almost +13,000 pips for 2016 so far I am happy with.\r\n\r\nDo not forget…\r\n\r\nJust a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.\r\n\r\nTo stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong> </strong>\r\n\r\n<strong> </strong>You are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n\r\n<u> </u>\r\n\r\n<u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u>\r\n\r\nDetails of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.\r\n\r\nPREMIUM SERVICE subscription costs are as follows: -\r\n\r\nCAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00\r\n\r\nI work for about 40 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.\r\n\r\n<u> </u>\r\n\r\n<u>PREMIUM SERVICE PERFORMANCE:</u>\r\n\r\nPRESENT AND HISTORICAL QUICK PREMIUM SERVICE STATS:\r\n\r\nTHIS MONTH SO FAR: +1,192 pips\r\nYEAR TO DATE TOTAL: +12,810 pips\r\n\r\nNET PIPS 2015:       +10,686 pips\r\nNET PIPS 2014:       +11,209 pips\r\n\r\nBelow, for additional information, I show the net position of THE PREMIUM SERVICE performance for 2016. On my website landing page <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the heading “HISTORY &amp; PERFORMANCE” there are more reports providing more historic trading information.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2016-PS-NET-PERF-to-12112016.png\"><img class=\"aligncenter size-large wp-image-8670\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2016-PS-NET-PERF-to-12112016-943x1024.png\" alt=\"2016-ps-net-perf-to-12112016\" width=\"943\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nPART-TIME TRADER (POSITION) TRADES:\r\n\r\nAt the end of 2015, having listened to many of my subscribers and from a market survey that I undertook, I wanted to try and address those Forex traders who would consider themselves to be a PART-TIME trader for whatever reason.\r\n\r\nPART-TIME FOREX TRADERS fall between a rock and a hard place.  It is very, very difficult with limited access to computers due to full-time employment or limited access to a computer due time constraints, to have a voice when trading.\r\n\r\nNow more than ever you really need to be 24 x 5 with your devices to keep on top of things.\r\n\r\nI wanted to try and find a trading solution for PART-TIME TRADERS.\r\n\r\nLet me be the first to say, my solution is not 100% perfect. You can put lipstick on a pig but it’s still a pig, if you understand me. This is not an easy fix. But I wanted to try, and to be honest, timing in Forex is everything.\r\n\r\nMy initial solution, and it is on-going, has been my savior to my trading performance this year so far, with just 6/7 weeks left to go.\r\n\r\nI introduced PART-TIME TRADER TRADES now called POSITION TRADES at the start of 2016. This trading style is based upon my FUNDAMENTAL longer-term market views. These trades are LIMIT ORDER entry trades with very wide stops based on ATR (Average True Range) limits, mostly weekly limits, but sometimes monthly limits, using Fibonacci levels and trend lines to set stops and limits.\r\n\r\nThey have been, due to the way that the Forex market has been held to ransom inside tight trading ranges for most of the year, creating very choppy market conditions very successful.\r\n\r\nI am NOT saying that these trades and the way I trade them because I still have to assess trades all the time and close off trades early etc.… are the “B all and end all” holy grail for PART-TIME TRADERS but they are a step in the right direction.\r\n\r\nThese trades also suit FULL-TIME traders who want to take a longer-term perspective.\r\n\r\nHow successful have they been?\r\n\r\nHow do I measure their success?\r\n\r\nVery simply, when launching these trades, a year ago I created a page on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> called PART TIME FOREX TRADERS it is part of my drop down menu at the top of my landing page.\r\n\r\nI tried my best to define my target audience and I posted a cash flow projection, it is still there today and I have subsequently added quarterly reviews during the year.\r\n\r\nBelow is the initial cash flow projection that was posted the first week of January 2016.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8627\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016-818x1024.png\" alt=\"pos-trade-proj-2016\" width=\"818\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nI am not going to spend a great deal of time on this. Basically for the purpose of this section of the DRIVE THRU blog will focus solely on MINI LOT traders.\r\n\r\nMy suggestion on day 1, was to open a broker account with USD$7,500. At the end of the year based only on single lot trades after costs to trade and my PREMIUM SERVICE annual subscription my goal was to grow the broker account from USD$7,500 to $15,052.50 by the end of 2016.\r\n\r\n<strong><u>That would be to double your initial investment after ALL costs were taken into consideration</u></strong>\r\n\r\nHow have I faired with this quest?\r\n\r\nBelow is the latest spreadsheet update post I made to my website on the 31<sup>st</sup> October 2016. On my website <a href=\"http://www.weeklyfxdivethru.com\">www.weeklyfxdivethru.com</a> landing page under the heading “PART TIME FOREX TRADERS” all my updates throughout 2016 can be found together with more information and background to these trade set ups.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3.png\"><img class=\"aligncenter size-large wp-image-8630\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3-1024x806.png\" alt=\"pos-proj-2016-q3\" width=\"1024\" height=\"806\" /></a>\r\n\r\nAt the end of last month, the cumulative position now shows that the original account with USD$7,500 now stands at net USD$13,868.00.\r\n\r\nThere is just under USD$1,200 in income left to achieve (1,200 pips over the months of November and December). It is a tall order.\r\n\r\nWhat about my macro thoughts on the performance of the POSITION TRADES?\r\n\r\nMy thoughts are very straightforward: -\r\n<ol>\r\n 	<li>This (2016) has been an extremely difficult year to trade in.</li>\r\n 	<li>My approach to trading this year has been almost a 180 degree turn on 2015 trading.</li>\r\n 	<li>Features and factors that prompted me to start this trading style, namely central bank diversification never became as big of an issue as I thought it would have been. I had to re-focus and adapt the POSITION trade set ups to compensate for this.</li>\r\n 	<li>This review of style, manifested itself in the facts that my projection was for just 90 trades in the year. So far I have completed 146 trades (more than 50% more than anticipated). My profits per trade are less and my losses per trade are well under projection.</li>\r\n 	<li>I am, given the above points 1-4, delighted to have achieved this performance so far.</li>\r\n 	<li>Have I delivered what I set out for PART-TIME traders? Not 100%. I have delivered profits but the timings for closing of trades is still an issue. I cannot let losses grow or profits diminish due to a trading style. I have to 100% trade the price action in the market as I see it.</li>\r\n 	<li>What about 2017?I will continue this trading style next year, but I will review my other trading styles. It is impossible to predict what type of a trading year 2017 will be, apart from the fact it contains 365 days and that there will always be a forex market every day the market is open.</li>\r\n</ol>\r\nIf you would like additional supporting data or detail about the performance and the tabs on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><strong> LOOKING BACKWARDS: THE FX MARKET PLACE</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\n30 YEAR U.S. T-Bond / DXY / USD/JPY:\r\n\r\nCorrelations do matter.\r\n\r\nThat was a title of a blog that I wrote back in 2014, I think that we were on vacation in Las Vegas at the time when I penned that little ditty.\r\n\r\nIt is just as true now as it was then. NO matter what we as traders think, the market will do what the market does. I focus on Forex. However, inter-market relationships matter and the push in one market is a pull in another and they usually all correlate as a domino effect takes place.\r\n\r\nWhilst, some correlations are off at the moment, or maybe not as strong, the selloff in U.S. long bonds related to the DXY and the USD/JPY is fixed and solid.\r\n\r\nI can pontificate here for pages about how I think these moves are predicated on bulls**t that may not happen and that I think that the moves are way overdone and extreme to say the least, it is was it is.\r\n\r\nThe weird thing is…\r\n\r\nI have for the past week not attempted to trade the USD/JPY apart from a few personal scalps on the night of the U.S. election results. The 1,000 pip move higher has passed by me. Why? I have let my own beliefs and thoughts about this move cloud my judgement. I don’t believe that this move is sustainable and I am expecting a sharp / painful reversal at any time.\r\n\r\nMy problem…\r\n\r\nJanet Yellen has now fanned the fire by virtually stating that the FED will raise interest rates next month. This has fueled the USD (DXY) and this has sparked greater weakness in the USD/JPY and this in turn has pushed the long bonds lower.  It’s all connected.\r\n\r\nAfter the election, it was inflation hopes that sparked the long bond selloff. I didn’t buy the longevity of that trade. So, I missed the JPY moves.\r\n\r\nNow the FED has triggered the next stage and I will NOT chase the JPY.\r\n\r\nMy point here is that you cannot be in every trade and sometimes trades you want to be in you must just watch and let trades go by because you cannot get a decent pullback to obtain a value entry.\r\n\r\nLast week there were three specific pairs that I wanted to establish positions in but I have yet to have my LIMIT ORDER entries triggered and I am still waiting. My entries were close to going LIVE but never actually did: -\r\n\r\nUSD/SEK – just on a tear. Pullbacks are so shallow; I have adjusted my entries twice and I may as well give up.\r\n\r\nUSD/CHF – I had a FLASH TRADE trigger at what I thought at the time was a weak entry. I banked $$$ and re-set my entries at better support levels. I am still waiting and totally frustrated as I want to establish a core long position with this pair.\r\n\r\nUSD/CAD – missed my entry by 4 pips and it is now trading well over 100 pips higher.\r\n\r\nSo, it has been a very frustrating and annoying time for me this past week despite adding almost 500 pips to the monthly total.\r\n\r\n&nbsp;\r\n\r\nTHE EUROZONE:\r\n\r\nOne currency that has been under pressure this past week or so is the single currency. The EUR/USD has moved about 600 pips lower since the U.S. election. Thankfully, I have grabbed bits and pieces along the way with this drop.\r\n\r\nThe word on the street is that Italian Prime Minister Renzi is going to lose the constitutional reform vote on December 4<sup>th</sup>. All votes at the moment, have taken on the mantle of being protest votes and it looks like the Italian vote will be no different\r\n\r\nA “NO” vote would, in my opinion, cause a Renzi resignation, and more uncertainty in the EUROZONE. Hence the single currency is under pressure now as the populist / anti-establishment / let’s have change vote gathers pace.\r\n\r\nWe have Austrian, French, Greek, Dutch and German votes on the horizon through to Q2 2017. It will get dirty and nasty.\r\n\r\nThis is now the long overdue payback time from the people for the failed German induced austerity measures that crippled the EUROZONE.\r\n\r\nThere is complete denial out of Brussels, but the populist vote in the EUROZONE is gathering massive momentum.\r\n\r\nI predict that 2017 will be dominated not solely by THE DONALD but just as much by the EUROZONE as it implodes. I also predict that the likes of Hollande and Merkel will be out. The two primary architects of the EUROZONE problems will not stand again.\r\n\r\n&nbsp;\r\n\r\nBREXIT and THE CABLE:\r\n\r\nFor the past 10 days or so, I have reached analysis paralysis with regards to the GBP. My fundamental views as a result have turned, at least I need convincing to go back again.\r\n\r\nWhy?\r\n\r\nRemarkable as this sounds and, although I am not yet 100% on board, but it is weighing heavily on my thoughts, the cable is now perhaps a safety trade given the EUROZONE issues.\r\n\r\nHere are my thoughts below behind this change. Some are more finalized than others, therefore they are not ALL work in progress but collectively they are sufficient for me to take a step back for now: -\r\n<ol>\r\n 	<li>The EUROZONE election issues (above).</li>\r\n 	<li>The BREXIT will affect the EUROZONE as much as the UK.</li>\r\n 	<li>The UK economy for all the fear mongering carried out ahead of the BREXIT vote by the REMAIN believers has NOT imploded. Yes, some data is mixed but the promised implosion has just NOT happened. I know there are issues ahead but for now, the end of the UK did NOT happen. This may change when greater data information feeds through.</li>\r\n 	<li>Economically the UK is resilient and strong and it can manage its own affairs moving forward, despite BREXIT rulings and timings.</li>\r\n 	<li>The EUROZONE cannot save itself because of itself. One step forwards, two steps backwards or kick the can down the road is all that the EUROZONE can offer. It has NO coordinated approach on practically everything.</li>\r\n 	<li>The usual flight to safety for institutions is the CHF. This is costly at 0.75% from the SNB for overnight deposits. Deposits may sit for a day or two but a longer-term solution is required and even with BREXIT the UK is seen as a better location, a great option worthy of consideration.</li>\r\n 	<li>I know, and fully realise that BREXIT issues will come into play, and these issues could potentially drive the cable one way or another and override the move that was in existence at the time.</li>\r\n</ol>\r\nI am not saying that I think cable has bottomed, but I am now struggling to think that moves to parity, 1.1000, 1.1500 are NOT going to happen. I do think that we should tag the 1.2080 lows and then I think that we are done.\r\n\r\nObviously, this is just my opinion. Having now written this in black and white and published my thoughts, the GBP/USD will probably head sub parity!!\r\n\r\nThe bottom line is after taking a -40-pip loss on a EUR/GBP short (Friday), plus also on Friday, I closed out two GBP/USD shorts for a grand total of +20 pips combined to clear me out completely from cable trades. I am out and until I get over my analysis paralysis I WILL NOT be going back to cable.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n 	<li><strong> LOOKING FORWARDS:</strong><strong> </strong></li>\r\n</ol>\r\n<strong>THIS WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB) speaks.\r\nMONDAY: NZD – Retail Sales.\r\n\r\nTUESDAY: NZD – PPi.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: N/A.\r\n\r\nThere is the Thanksgiving holiday on Thursday and “Black” Friday on Friday so from a trading perspective it will be probably more like a 3-day week as many traders take Black Friday as a holiday as well.\r\n\r\nNothing excites me about this batch of economic data.\r\n\r\nI do however want to re-iterate what I wrote last week regarding the fallout from THE DONALD’s victory.\r\n\r\n<u> </u>\r\n\r\n<em>MY THOUGHTS ON “THE DONALDS” FALLOUT:</em>\r\n\r\n<em>Now before we all start popping Krug as if it were Dom </em><em>Pérignon</em><em>, there is much, much more to consider.</em>\r\n\r\n<em>Let me just list a few of the initiatives that THE DONALD has in mind based upon what I would refer to as his ELECTION MANIFESTO.</em><em> </em>\r\n<ol>\r\n 	<li><strong><em>THE WALL</em></strong><em></em><em>: not a Roger Waters version, but the one to be erected between the U.S. and Mexico.</em>&nbsp;</li>\r\n 	<li><strong><em>THE AFFORDABLE HEATLH CARE ACT</em></strong><em></em><em> (aka OBAMACARE): to be repealed.</em>&nbsp;</li>\r\n 	<li><strong><em>NAFTA</em></strong><em></em><em> (North American Free Trade Agreement): To be torn up.</em>&nbsp;</li>\r\n 	<li><strong><em>NATO</em></strong><em></em><em> (North Atlantic Treaty Organisation): re-financed, replaced or eradicated.</em>&nbsp;</li>\r\n 	<li><strong><em>IRAN NUCLEAR AGREEMENT</em></strong><em></em><em>: To be torn up… revoked, repealed whatever.</em>&nbsp;</li>\r\n 	<li><strong><em>THE FED</em></strong><em>: Janet Yellen to be replaced by someone who will normalize U.S. interest rates at a faster pace. THE DONALD wants an aggressive little fecker in the FED as chairman.</em></li>\r\n</ol>\r\n&nbsp;\r\n\r\nAll the above is still as valid this week as it was last week in my opinion.\r\n\r\nWe must be careful as this market will reverse as quickly as it shoots higher. All these moves we have seen are on a promise, not facts. Nothing has been implemented.\r\n\r\nAs mentioned before from the S&amp;P futures being LIMIT DOWN at 2.028 it has rallied to the 127.6% Fibonacci extension at 2.186 in 6 working days…. quite remarkable and all on a promise.\r\n\r\n<u> </u>\r\n\r\n<u>THIS COMING WEEK - THE USD MAJORS (MY THOUGHTS): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.0582\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-19112016.png\"><img class=\"aligncenter size-large wp-image-8663\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-19112016-1024x477.png\" alt=\"eurusd-d-19112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.2342\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-DAILY-19112016.png\"><img class=\"aligncenter size-large wp-image-8664\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-DAILY-19112016-1024x477.png\" alt=\"gbpusd-daily-19112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7330\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-19112016.png\"><img class=\"aligncenter size-large wp-image-8662\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-19112016-1024x477.png\" alt=\"audusd-d-19112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.7006\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-19112016.png\"><img class=\"aligncenter size-large wp-image-8665\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-19112016-1024x477.png\" alt=\"nzdusd-d-19112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.3495\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-19112016.png\"><img class=\"aligncenter size-large wp-image-8666\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-19112016-1024x477.png\" alt=\"usdcad-d-19112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 1.0097\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-19112016.png\"><img class=\"aligncenter size-large wp-image-8667\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-19112016-1024x477.png\" alt=\"usdchf-d-19112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 110.84\r\n\r\n<strong> <a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-19112016.png\"><img class=\"aligncenter size-large wp-image-8668\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-19112016-1024x477.png\" alt=\"usdjpy-d-19112016\" width=\"1024\" height=\"477\" /></a></strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>\r\n</ol>\r\nTRADING REVIEW:\r\n\r\nAs I have mentioned in pips I have been more of an observer than a participant in recent moves. I am a non-believer and this has taken hold of my brain.\r\n\r\nWe added just under 500 pips last week, which is fine it could have been so many more had trades triggered and being honest had I been a believer in the move. I have missed plenty of opportunities. The truth is I can’t be in every trade and I won’t be in any trade unless I believe in the move.\r\n\r\nThe S&amp;P move has been spectacular, there is no denying this fact. However, at the back of my mind with increasing rates and a stronger dollar there must be pressure on the stock market. Hence why I am practically sidelined.\r\n\r\nTrading psychology is huge, there are several books published about how the mindset of trader works. I am forever being linked to gambling each day in the Forex market. One old friend quirked once that “Forex Trading is just like the lottery; the only difference is that with the lottery you have a chance”.\r\n\r\nLongevity in trading is the key and is to me it is paramount above all. This year has shown me that without question that in today’s markets taking a longer-term perspective is the safest and most profitable route to adopt. If you want to trade on 3, 5 and 15 minute intervals and scalp trades it is a chop fest that frankly I do not want to get involved with anymore.\r\n\r\nI will be, as you know reviewing my approach and TRADE STYLES for 2017.\r\n\r\nLooking at the day to day nitty-gritty aspect of trading I can not see anything that tells me that the markets will be much different than now. I can still foresee that we will because of the way we receive data be in a chop fest on up to hourly trading cycles. Trading when anything can hit you news wise on hourly charts has been at times a lottery… a gamble.\r\n\r\nWhen you take yourself into a longer-term perspective you go into a trade positioned sized correctly for the long haul based upon FUNDAMENTAL views you take yourself out of the 60-minute noise.\r\n\r\nEven doing this I made some great returns in 2016, I still have a lot of work left to do in this area to get it correct. I have NOT mastered the art of adding second / third trades profitably to initial trade positions. Only when a pair goes in the wrong direction it appears I am good at adding additional trades when in a loss situation to build up a CORE on the belief that the trade will reverse in line with my FUNDAMENTAL view. The AUD/NZD is a classic example of this during the year. It pulls back I add positions it goes up I sell with profits it reaches resistances and then pulls back once again and I repeat the cycle once again. I have yet to fulfil my trade target objective and it looks like it may be 2017 before we do so.\r\n\r\nFor next year CORE POSITIONS is going to be something that I focus more on. Working core positions with North American brokers is my preference. My reason for saying this is that they do not allow multiple positions with one currency pair in the same account. So, in effect you have a cost average, your entry price moves up and down as you add and take away position size from the overall trade. So right now, instead of my broker account showing say 6 x AUD/NZD long trades your broker account would have just one trade with your entry price now being a cost average. It is cost averaged based on FIFO (First in First out). Most of you guys are NOT North American based and operate accounts with a trade by trade system and that is what I will be using.\r\n\r\nI am looking at building CORE POSITIONS with a combination of buy/sell stops as well as buy/sell limit entries. I think that trading with the MOMENTUM can offer a different perspective. It is not my favourite approach as I prefer to enter with a value behind me. I am looking at every option and I have been trying different styles through demo accounts over the past three months. The bottom line next year is still work in progress.\r\n\r\nMoving on to my CORE TRADES: -\r\n\r\nAUD/NZD: – This pair represents a shampoo bottle… “Wash–Rinse–Repeat”.\r\n\r\nWe have made some great money on this pair this year but the “BIG” move has yet to happen in my opinion. This trade will spill over to 2017 without a doubt. The weakness in the AUD is driving this pair and the cross-rate effect is keeping the NZD elevated as a result…argh!\r\n\r\nThe NZD is a small currency and cross-rates do push and pull this currency about with greater influences than the other majors. The EUR/NZD, NZD/JPY and AUD/NZD can affect moves with the NZD/USD. Right now, I believe that the cross-rates are doing their thing. Once the NZD/USD breaks below 0.6980 I do think that the move to mid 60’s is on and this should spur the AUD/NZD higher. My thoughts are that the NZD will drop faster than the AUD.\r\nIt\'s a very annoying pair at times it looks really bullish then it switches bearish very quickly.\r\n\r\nNZD/USD: – I have started to build, and I will be adding again into the end of the year.\r\n\r\nI am looking to establish AUD/USD and USD/CHF core positions before the end of the year.\r\n\r\n&nbsp;\r\n\r\nPERISCOPE (UPDATE):\r\n\r\nI must give time to this. I have been diverted away from my desk quite a bit of late.\r\n\r\nPERISCOPE PROPOSAL - My proposal is initially to do a 30-minute presentation on a Monday afternoon my time about 2PM EST. I can be totally flexible with this time. If anyone wants to have a PERISCOPE session and this time is difficult please advise so I can review.\r\n\r\n<strong> </strong>\r\n\r\n<strong>TRADES REVIEW:</strong>\r\n\r\nThe excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -\r\n\r\n<u><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-19112016.png\"><img class=\"aligncenter size-large wp-image-8661\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-19112016-753x1024.png\" alt=\"live-trades-19112016\" width=\"753\" height=\"1024\" /></a></u>\r\n\r\n<u> </u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-19112016.png\"><img class=\"aligncenter size-large wp-image-8660\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-19112016-725x1024.png\" alt=\"limit-orders-19112016\" width=\"725\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n 	<li><strong> MY CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nFrom the outside looking in one would say that this is a one-way market. It certainly looks that way when you glance at the daily and weekly candles. The moves seem to get going in Asia and when the U.S. comes on line we chop about inside 30-40 pip ranges in the majors with a few exceptions every now and then. The moves starting in Asia makes a lot of sense because of the effect that the JPY had on the USD moves last week.\r\n\r\nI am a non-believer in this market move, it is way overdone in my opinion and I think that equities will pullback. The USD is still in demand now that the FED looks like a rate hike is going to happen.\r\n\r\nBecause of the shortened week next week in the U.S. I would be very careful about getting too heavy in trades. Thinner liquidity from lunch-time (EST) Wednesday will hit the markets. It is not just a one-day thanksgiving. It is 2.5 / 3 days for many people. Bear this is mind when trading. Over recent years there have been examples of many wicked moves on low trading volumes.\r\n\r\nSo once again, the sword of Damocles STILL hangs over the markets.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/\r\n</a>BLOG VERSION: #120 PREMIUM SERVICE\r\nDATE: 19<sup>th</sup> November 2016','“WHAT GOES UP… MUST COME DOWN”','','inherit','closed','closed','','8671-revision-v1','','','2016-11-20 06:29:23','2016-11-20 11:29:23','',8671,'http://weeklyfxdrivethru.com/8671-revision-v1/',0,'revision','',0),(8682,1,'2016-11-25 14:01:29','2016-11-25 19:01:29','','prem-serv-profits1-26112016','','inherit','open','closed','','prem-serv-profits1-26112016','','','2016-11-25 14:10:33','2016-11-25 19:10:33','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-PROFITS1-26112016.png',0,'attachment','image/png',0),(8683,1,'2016-11-25 14:01:33','2016-11-25 19:01:33','','prem-serv-profits2-26112016','','inherit','open','closed','','prem-serv-profits2-26112016','','','2016-11-25 14:10:47','2016-11-25 19:10:47','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-PROFITS2-26112016.png',0,'attachment','image/png',0),(8684,1,'2016-11-25 14:01:46','2016-11-25 19:01:46','','flash-26112016','','inherit','open','closed','','flash-26112016','','','2016-11-25 14:06:38','2016-11-25 19:06:38','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FLASH-26112016.png',0,'attachment','image/png',0),(8685,1,'2016-11-25 14:01:51','2016-11-25 19:01:51','','fun1-2611016','','inherit','open','closed','','fun1-2611016','','','2016-11-25 14:08:12','2016-11-25 19:08:12','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FUN1-2611016.png',0,'attachment','image/png',0),(8686,1,'2016-11-25 14:01:54','2016-11-25 19:01:54','','fun2-26112016','','inherit','open','closed','','fun2-26112016','','','2016-11-25 14:08:18','2016-11-25 19:08:18','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FUN2-26112016.png',0,'attachment','image/png',0),(8687,1,'2016-11-25 14:01:57','2016-11-25 19:01:57','','fun3-26112016','','inherit','open','closed','','fun3-26112016','','','2016-11-25 14:08:23','2016-11-25 19:08:23','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FUN3-26112016.png',0,'attachment','image/png',0),(8688,1,'2016-11-25 14:02:02','2016-11-25 19:02:02','','pos1-26112016','','inherit','open','closed','','pos1-26112016','','','2016-11-25 14:09:22','2016-11-25 19:09:22','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS1-26112016.png',0,'attachment','image/png',0),(8689,1,'2016-11-25 14:02:07','2016-11-25 19:02:07','','pos2-26112016','','inherit','open','closed','','pos2-26112016','','','2016-11-25 14:09:29','2016-11-25 19:09:29','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS2-26112016.png',0,'attachment','image/png',0),(8690,1,'2016-11-25 14:02:10','2016-11-25 19:02:10','','limit-orders-26112016','','inherit','open','closed','','limit-orders-26112016','','','2016-11-26 14:59:42','2016-11-26 19:59:42','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-26112016.png',0,'attachment','image/png',0),(8691,1,'2016-11-25 14:02:13','2016-11-25 19:02:13','','live-trades-26112016','','inherit','open','closed','','live-trades-26112016','','','2016-11-26 14:59:28','2016-11-26 19:59:28','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-26112016.png',0,'attachment','image/png',0),(8692,1,'2016-11-25 14:02:17','2016-11-25 19:02:17','','prem-serv-net-profitability-2016','','inherit','open','closed','','prem-serv-net-profitability-2016','','','2016-11-26 14:48:32','2016-11-26 19:48:32','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016.png',0,'attachment','image/png',0),(8693,1,'2016-11-25 14:02:38','2016-11-25 19:02:38','','radar-26112016','','inherit','open','closed','','radar-26112016','','','2016-11-25 14:07:23','2016-11-25 19:07:23','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/RADAR-26112016.png',0,'attachment','image/png',0),(9105,1,'2017-02-11 16:20:00','2017-02-11 21:20:00','<section class=\"one-sixth first\">\r\n<h4>Fundamental Trades Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/02/FUN-12022017.png\"><img class=\"aligncenter size-large wp-image-9084\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/02/FUN-12022017-780x1024.png\" alt=\"\" width=\"780\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-JANYTD-2017.png\"><img class=\"aligncenter size-full wp-image-9048\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-JANYTD-2017.png\" alt=\"\" width=\"840\" height=\"924\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\">\r\n</a>\r\n<h2>PREVIOUS YEARS\r\n<img class=\"aligncenter size-full wp-image-8811\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FUN-2016-COMPLETE.png\" alt=\"\" width=\"874\" height=\"942\" /></h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/fundamental-trades/fun-2015-comp/\" rel=\"attachment wp-att-6989\"><img class=\"aligncenter wp-image-6989\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/FUN-2015-COMP.png\" alt=\"FUN 2015 COMP\" width=\"580\" height=\"597\" /></a></h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUNDAMENTAL-YEAR-TO-DATE-2014.png\"><img class=\"aligncenter size-full wp-image-8860\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUNDAMENTAL-YEAR-TO-DATE-2014.png\" alt=\"\" width=\"710\" height=\"754\" /></a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>','FUNDAMENTAL TRADES','','inherit','closed','closed','','3106-revision-v1','','','2017-02-11 16:20:00','2017-02-11 21:20:00','',3106,'http://weeklyfxdrivethru.com/3106-revision-v1/',0,'revision','',0),(9040,1,'2017-01-31 09:02:06','2017-01-31 14:02:06','<section class=\"one-sixth first\">\r\n<h4>POSITION TRADES Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1-.png\"><img class=\"aligncenter size-large wp-image-9037\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1--733x1024.png\" alt=\"\" width=\"733\" height=\"1024\" /></a><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2.png\"><img class=\"aligncenter size-large wp-image-9038\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2-728x1024.png\" alt=\"\" width=\"728\" height=\"1024\" /></a><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS3.png\"><img class=\"aligncenter size-large wp-image-9039\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS3-763x1024.png\" alt=\"\" width=\"763\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS1-19112016.png\">\r\n</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date</h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n<h2>PREVIOUS YEARS\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-2016-COMPLETE.png\"><img class=\"aligncenter size-full wp-image-8814\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-2016-COMPLETE.png\" alt=\"\" width=\"816\" height=\"946\" /></a></h2>\r\n</div>\r\n</section>','POSITION TRADES','','inherit','closed','closed','','6965-revision-v1','','','2017-01-31 09:02:06','2017-01-31 14:02:06','',6965,'http://weeklyfxdrivethru.com/6965-revision-v1/',0,'revision','',0),(9032,1,'2017-01-28 06:29:18','2017-01-28 11:29:18','<section class=\"one-sixth first\">\r\n<h4>POSITION TRADES Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1-28012017.png\"><img class=\"aligncenter size-large wp-image-9004\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1-28012017-728x1024.png\" alt=\"\" width=\"728\" height=\"1024\" /></a><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2-28012017.png\"><img class=\"aligncenter size-large wp-image-9005\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2-28012017-748x1024.png\" alt=\"\" width=\"748\" height=\"1024\" /></a><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS3-28012017.png\"><img class=\"aligncenter size-large wp-image-9006\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS3-28012017-768x1024.png\" alt=\"\" width=\"768\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS1-19112016.png\">\r\n</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date</h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n<h2>PREVIOUS YEARS\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-2016-COMPLETE.png\"><img class=\"aligncenter size-full wp-image-8814\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-2016-COMPLETE.png\" alt=\"\" width=\"816\" height=\"946\" /></a></h2>\r\n</div>\r\n</section>','POSITION TRADES','','inherit','closed','closed','','6965-revision-v1','','','2017-01-28 06:29:18','2017-01-28 11:29:18','',6965,'http://weeklyfxdrivethru.com/6965-revision-v1/',0,'revision','',0),(8699,1,'2016-11-25 17:19:40','2016-11-25 22:19:40','','audusd-d-26112016','','inherit','open','closed','','audusd-d-26112016','','','2016-11-26 14:57:13','2016-11-26 19:57:13','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016.png',0,'attachment','image/png',0),(8700,1,'2016-11-25 17:19:43','2016-11-25 22:19:43','','eurusd-d-26112016','','inherit','open','closed','','eurusd-d-26112016','','','2016-11-26 14:56:49','2016-11-26 19:56:49','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016.png',0,'attachment','image/png',0),(8701,1,'2016-11-25 17:19:49','2016-11-25 22:19:49','','gbpusd-d-26112016','','inherit','open','closed','','gbpusd-d-26112016','','','2016-11-26 14:57:02','2016-11-26 19:57:02','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016.png',0,'attachment','image/png',0),(8702,1,'2016-11-25 17:19:53','2016-11-25 22:19:53','','nzdusd-d-26112016','','inherit','open','closed','','nzdusd-d-26112016','','','2016-11-26 14:57:23','2016-11-26 19:57:23','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016.png',0,'attachment','image/png',0),(8703,1,'2016-11-25 17:19:56','2016-11-25 22:19:56','','usdcad-d-26112016','','inherit','open','closed','','usdcad-d-26112016','','','2016-11-26 14:57:40','2016-11-26 19:57:40','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016.png',0,'attachment','image/png',0),(8704,1,'2016-11-25 17:20:00','2016-11-25 22:20:00','','usdchf-d-26112016','','inherit','open','closed','','usdchf-d-26112016','','','2016-11-26 14:57:51','2016-11-26 19:57:51','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016.png',0,'attachment','image/png',0),(8705,1,'2016-11-25 17:20:04','2016-11-25 22:20:04','','usdjpy-d-26112016','','inherit','open','closed','','usdjpy-d-26112016','','','2016-11-26 14:58:11','2016-11-26 19:58:11','',8706,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016.png',0,'attachment','image/png',0),(8706,1,'2016-11-26 15:04:15','2016-11-26 20:04:15','<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nI never traded last week. From the get go I decided to err on the side of caution. Moves in the DXY continued just about higher overall with some profit taking coming through. At times, there were moves for no apparent reason other than probably a large order being placed that made a few waves, I decided for once just to stick to my guns and step aside. Basically, I just managed a couple of trades and closed with a few pips here and there.\r\n\r\nI am still very suspect of the knee-jerk reaction moves in the markets since THE TRUMP election victory. The FED has cemented in some of the move and now we face a period of about 9 months when the EUROZONE will, in my opinion dominate the forex moves.\r\n\r\nOn Black Friday, we started to see some pullbacks in the dollar index, but it’s not consistent across the board. The EUR still trades heavy in my opinion and this move supports the inverse relationship move with the USD/CHF. It is the commodity currencies that always attract my eye. I still firmly believe commodities always lead the markets in one shape or another and the rest of the markets follow. It therefore stands to reason that moves in the AUD, NZD, CAD and NOK are uppermost on my mind plus the SEK as the USD/SEK is so sensitive to general forex moves.\r\n\r\nThe spanner in the works at the moment is the JPY. After the EUR/USD, the USD/JPY is the second most traded currency pair with the EUR/JPY not too far behind. The JPY can drive the DXY and sway the forex market easier now than a couple of years ago due to less corporate and institutional players, basically less volume and much less liquidity especially in Asia where it dominates the proceedings. So, as a result, the moves in the DXY are not always what they seem at first glance, as always, forex moves require more homework to try and “get a handle” on why and what, to give us traders the now common response to some unexplained moves…WTF!\r\n\r\nTherefore, rather than trade an across the board USD weakness, look carefully as it could be sporadic. Whilst the EUR dominates the DXY weighted index, we may have to pick our way through currency pairs rather than take a general overview to give us the confirmation placing trades.\r\n\r\nWe will have a pullback of the recent moves. However, some will be shallower than others as the geopolitical news will still dominate within the pullback.\r\n\r\nBack on point…\r\n\r\nWhat I am saying is keep up your guard; CASH IS A POSITION never forget this no matter what you trade. I always end my blog each week with the following: -\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>“As usual…</em></strong></span>\r\n\r\n<strong><em><span style=\"color: #0000ff;\">Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility”.</span> </em></strong>\r\n\r\nI mean this; I am here for the long haul.\r\n\r\nI set myself achievable and reasonable targets per annum of 10,000 pips. I trade for basically 10 months a year. Since 2013 when I adjusted my approach and revised everything I have achieved my objective. It’s hard, it’s certainly not easy, I trade what the market gives and, for the most time I wait for the trades to come to me. I have MY PLAN and I TRADE MY PLAN.\r\n\r\nMoving on…\r\n\r\nHere we are once again with the final blog of a trading year, after today, I return in 2017 on January 8<sup>th</sup>.\r\n\r\nFor PREMIUM SERVICE subscribers, I will trade through to the FOMC in December, maybe a day or so beyond. New subscriptions that come on board between now and January 8<sup>th</sup> will not start until that date therefore there is a little bonus of “free time” for new subscribers.\r\n\r\nDon’t forget…\r\n\r\nJust a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.\r\n\r\nTo stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong>  </strong><strong> </strong>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>\r\n<p style=\"text-align: center;\">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>\r\n<p style=\"text-align: center;\">PREMIUM SERVICE subscription costs are as follows: -</p>\r\n<p style=\"text-align: center;\">CAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00</p>\r\nI work for about 40 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE PERFORMANCE:</u></p>\r\n<p style=\"text-align: center;\">PRESENT AND HISTORICAL QUICK PREMIUM SERVICE STATS:</p>\r\n<p style=\"text-align: center;\">THIS MONTH SO FAR: +1,397 pips\r\nYEAR TO DATE TOTAL: +13,015 pips</p>\r\n<p style=\"text-align: center;\">NET PIPS 2015:       +10,686 pips\r\nNET PIPS 2014:       +11,209 pips</p>\r\nBelow, for additional information, I show the net position of THE PREMIUM SERVICE performance for 2016. On my website landing page <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the heading “HISTORY &amp; PERFORMANCE” there are more reports providing more historic trading information.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016.png\"><img class=\"aligncenter size-large wp-image-8692\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016-944x1024.png\" alt=\"prem-serv-net-profitability-2016\" width=\"944\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nPART-TIME TRADER (POSITION) TRADES:\r\n\r\nAt the end of 2015, having listened to many of my subscribers and from a market survey that I undertook, I wanted to try and address those Forex traders who would consider themselves to be a PART-TIME trader for whatever reason.\r\n\r\nPART-TIME FOREX TRADERS fall between a rock and a hard place.  It is very, very difficult with limited access to computers due to full-time employment or limited access to a computer due time constraints, to have a voice when trading.\r\n\r\nNow more than ever you really need to be 24 x 5 with your devices to keep on top of things.\r\n\r\nI wanted to try and find a trading solution for PART-TIME TRADERS.\r\n\r\nLet me be the first to say, my solution is not 100% perfect. You can put lipstick on a pig but it’s still a pig, if you understand me. This is not an easy fix. But I wanted to try, and to be honest, timing in Forex is everything.\r\n\r\nMy initial solution, and it is on-going, has been my savior to my trading performance this year so far, with just 6/7 weeks left to go.\r\n\r\nI introduced PART-TIME TRADER TRADES now called POSITION TRADES at the start of 2016. This trading style is based upon my FUNDAMENTAL longer-term market views. These trades are LIMIT ORDER entry trades with very wide stops based on ATR (Average True Range) limits, mostly weekly limits, but sometimes monthly limits, using Fibonacci levels and trend lines to set stops and limits.\r\n\r\nThey have been, due to the way that the Forex market has been held to ransom inside tight trading ranges for most of the year, creating very choppy market conditions very successful.\r\n\r\nI am NOT saying that these trades and the way I trade them because I still have to assess trades all the time and close off trades early etc.… are the “B all and end all” holy grail for PART-TIME TRADERS but they are a step in the right direction.\r\n\r\nThese trades also suit FULL-TIME traders who want to take a longer-term perspective.\r\n\r\nHow successful have they been?\r\n\r\nHow do I measure their success?\r\n\r\nVery simply, when launching these trades, a year ago I created a page on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> called PART TIME FOREX TRADERS it is part of my drop down menu at the top of my landing page.\r\n\r\nI tried my best to define my target audience and I posted a cash flow projection, it is still there today and I have subsequently added quarterly reviews during the year.\r\n\r\nBelow is the initial cash flow projection that was posted the first week of January 2016.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8627\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016-818x1024.png\" alt=\"pos-trade-proj-2016\" width=\"818\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nI am not going to spend a great deal of time on this. Basically for the purpose of this section of the DRIVE THRU blog will focus solely on MINI LOT traders.\r\n\r\nMy suggestion on day 1, was to open a broker account with USD$7,500. At the end of the year based only on single lot trades after costs to trade and my PREMIUM SERVICE annual subscription my goal was to grow the broker account from USD$7,500 to $15,052.50 by the end of 2016.\r\n\r\n<strong><u>That would be to double your initial investment after ALL costs were taken into consideration</u></strong>\r\n\r\nHow have I faired with this quest?\r\n\r\nBelow is the latest spreadsheet update post I made to my website on the 31<sup>st</sup> October 2016. On my website <a href=\"http://www.weeklyfxdivethru.com\">www.weeklyfxdivethru.com</a> landing page under the heading “PART TIME FOREX TRADERS” all my updates throughout 2016 can be found together with more information and background to these trade set ups.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3.png\"><img class=\"aligncenter size-large wp-image-8630\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3-1024x806.png\" alt=\"pos-proj-2016-q3\" width=\"1024\" height=\"806\" /></a>\r\n\r\nAt the end of last month, the cumulative position now shows that the original account with USD$7,500 now stands at net USD$13,868.00.\r\n\r\nThere is just under USD$1,200 in income left to achieve (1,200 pips over the months of November and December). It is a tall order.\r\n\r\nWhat about my macro thoughts on the performance of the POSITION TRADES?\r\n\r\nMy thoughts are very straightforward: -\r\n<ol>\r\n 	<li>This (2016) has been an extremely difficult year to trade in.</li>\r\n 	<li>My approach to trading this year has been almost a 180 degree turn on 2015 trading.</li>\r\n 	<li>Features and factors that prompted me to start this trading style, namely central bank diversification never became as big of an issue as I thought it would have been. I had to re-focus and adapt the POSITION trade set ups to compensate for this.</li>\r\n 	<li>This review of style, manifested itself in the facts that my projection was for just 90 trades in the year. So far I have completed 146 trades (more than 50% more than anticipated). My profits per trade are less and my losses per trade are well under projection.</li>\r\n 	<li>I am, given the above points 1-4, delighted to have achieved this performance so far.</li>\r\n 	<li>Have I delivered what I set out for PART-TIME traders? Not 100%. I have delivered profits but the timings for closing of trades is still an issue. I cannot let losses grow or profits diminish due to a trading style. I have to 100% trade the price action in the market as I see it.</li>\r\n 	<li>What about 2017?I will continue this trading style next year, but I will review my other trading styles. It is impossible to predict what type of a trading year 2017 will be, apart from the fact it contains 365 days and that there will always be a forex market every day the market is open.</li>\r\n</ol>\r\nIf you would like additional supporting data or detail about the performance and the tabs on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n<ol start=\"3\">\r\n 	<li><strong> LOOKING BACKWARDS: THE FX MARKET PLACE</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\nAlthough I was really “not playing” last week, my eyes and ears were open watching and reading. Two pieces from last week resonated with me and although they were raised last week they are news items that will remain with us for months moving forward.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE (ECB FINANCIAL STABILITY REPORT) </strong>\r\n<strong> and </strong>\r\n<strong> TONY BLAIR on BREXIT:</strong></p>\r\n<p style=\"text-align: center;\"><strong>EUROZONE IMPLOSION 2017?</strong></p>\r\nThese reports over the past couple of years have tended to come and go with little more than a cursory glance. I must be “old school” I still believe that the data supplied to the markets by Central Banks actually mean something despite the personalities involved. I know I am the first to call various Central Bank governors, Muppets, JCB Drivers, numpties etc. However, we should try to understand, what the messages are that they are trying to deliver, sometimes with a hidden agenda, or, a clouded delivery.\r\n\r\nFrom my perspective, there is not another Central Bank President on the planet with as difficult a job as Mario Draghi so to hear and read what the views are from the EUROZONE should be read with greater seriousness as these views represent 50% of the most traded currency pair in the forex market.\r\n\r\nLong time readers / subscribers will be aware that I see the EUROZONE as a failed project doomed to failure. Despite everything like a prehistoric dinosaur, it labours inefficiently forward from catastrophe to catastrophe and set back after setback kicking more cans down the road than could fit in a re-cycling plant… it’s still here as Jim Kerr would sing “ALIVE and KICKING”, and only God knows how and why!\r\n\r\nBack to the report…\r\n\r\nHardly surprising given what the EUROZONE must battle through in the next 7-8 months it sees both political and financial RISKS on the horizon.\r\n\r\nKEY EUROZONE AGENDA ITEMS ON THE HORIZON:\r\n\r\n2016:\r\n<ol>\r\n 	<li>NOVEMBER 27<sup>th</sup>: - FRANCE: Second round vote Republican Presidential election.</li>\r\n 	<li>DECEMBER 1<sup>st</sup>: - FRANCE: Socialist primaries for Presidential election.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - AUSTRIA: Presidential Election re-run.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - ITALY: Referendum on Constitutional Reforms.</li>\r\n 	<li>DECEMBER 5<sup>th</sup>: - GREECE: Deadline day for stakeholders of GREEK DEBT to agree debt relief measures.</li>\r\n 	<li>DECEMBER 15<sup>th</sup>: - FRANCE: Socialist primaries closed.</li>\r\n 	<li>DECEMBER 31<sup>st</sup>: - GREECE: IMF to decide on involvement in GREEK third bailout.</li>\r\n</ol>\r\n2017:\r\n<ol start=\"8\">\r\n 	<li>JANUARY 29<sup>th</sup>: - FRANCE: Socialist Primary Elections.</li>\r\n 	<li>FEBRUARY 12<sup>th</sup>: - GERMANY: Presidential Elections.</li>\r\n 	<li>MARCH 15<sup>th</sup>: - HOLLAND: Parliamentary Elections.</li>\r\n 	<li>MARCH 26<sup>th</sup>: - GERMANY: Regional Elections.</li>\r\n 	<li>APRIL 23<sup>rd</sup>: - FRANCE: Presidential Elections.</li>\r\n 	<li>JUNE 18<sup>th</sup>: - FRANCE: General Elections.</li>\r\n</ol>\r\nWhilst one could say the ECB presentation appeared downbeat to some extent given the list 1-13 above I would say that a “WTF” discussion took place in Frankfurt and a play it all down approach was deemed to be the correct path to adopt.\r\n\r\nMatteo Renzi has placed his political career on the line with the Italian referendum, should the people vote NO he will resign if he is as good as his word.\r\n\r\nWould this place the EUROZONE in panic mode?\r\n\r\nIn my opinion, if not aired publicly, then definitely behind closed doors. Why?\r\n\r\nIn my opinion at the moment, with elections / referendums the questions being asked are practically irrelevant. It’s all about an anti-establishment vote.  For years, due to voter apathy with career “in it for themselves” politicians, turn out at all forms of elections around the world have been declining.\r\n\r\nThe BREXIT vote was a game changer. The populist vote was back making headlines.\r\n\r\nThen we had TRUMP. The circus ended with an extra-ordinary result with all the polls wrong. People lie to these organisations. Your vote is private to you and it’s high time the likes of CNN grabbed this concept. Believe it or not for Non-North Americans reading this blog CNN are in denial no changes in approach to programming… is it any wonder.\r\n\r\nTake a look at what is lurking in the EUROZONE… more importantly NOT IN THE SHADOWS: -\r\n<ul>\r\n 	<li>AUSTRIA – THE FREEDOM PARTY</li>\r\n 	<li>BELGIUM – VLAAMS BELANG</li>\r\n 	<li>DENMARK – DANISH PEOPLE’S PARTY</li>\r\n 	<li>FINLAND – FINNS PARTY</li>\r\n 	<li>FRANCE – FRONT NATIONAL</li>\r\n 	<li>GERMANY – ALTERNATIVE FUR DEUTSCHLAND</li>\r\n 	<li>GREECE – COALITION FOR THE RADICAL LEFT</li>\r\n 	<li>ITALY – THE 5 STAR MOVEMENT &amp; LEGA NORD</li>\r\n 	<li>HOLLAND – PARTY FOR FREEDOM</li>\r\n 	<li>SPAIN – PODERMOS</li>\r\n 	<li>SWEDEN – SWEDISH DEMOCRATS</li>\r\n</ul>\r\nThese parties are either FAR LEFT or FAR RIGHT but they are no longer considered FAR OUT.\r\n\r\nJune 23<sup>rd</sup> in the UK was game changer. TRUMP was sensational given the way the US people are usually governed by fear. The vote to elect TRUMP was incredible and a raised finger to DC. Whether TRUMP can effect change the way he predicted in the campaign remains to be seen.\r\n\r\nBack in the EUROZONE we are once again at the precipice and I do not think that cans, can be kicked anymore.\r\n\r\nThe policy of one size fits all, 19 into 1 will be shown up for what it is in 2017, especially if the populist vote gathers momentum.\r\n\r\nMario Draghi is widely rumoured to announce an extension of the ECB QE (Quantitative Easing) program in December. It remains to be seen what effect the Italian vote, if a no, will have on what he announces. Most analysts are expecting a time frame extension through to September 2017 from the present deadline of March 2017 and a view on potential tapering of the existing buying program. It could all be up in the air.\r\n\r\nThe ECB report talked about the Italian referendum, the bust voting calendar into the end of 2016 and the first half of 2017. BREXIT was briefly mentioned and as we all strongly suspect; BREXIT will drag on and on. I am still doubtful it will ever happen. I see a second vote. I am not certain how it will manifest itself, however should the EUROZONE implode it could all be a complete waste of time anyway.\r\n\r\nThe ECB also mentioned uncertainty surrounding TRUMP. The rising U.S. debt and TRUMPS focus on domestic issues rather than international may cause ripples around world markets. More like fecking Tsunamis in my opinion but there you go.\r\n\r\nI think having read the report twice now it would be fair to say that political concerns worry the ECB more than economical…. My, my, my, how times have changed.\r\n\r\nMoving to BREXIT and Tony Blair…\r\n\r\nPoor Tony Blair, completely taken for a fool by George W. Bush over WMD. Never believe what intelligence tells you, those guys are fueled by, the shoot first ask questions later brain cells.\r\n\r\nOur Tone now takes the view that democracy is a load of shite. The people have voted in a simple majority vote to leave the EUROPEAN UNION. Tony now says “feck that” we shouldn\'t leave and I know better than you. (This is why we have the populist vote growing by the way). The same thing happened in the U.S. election Mitt Romney called voters basically, idiots if they voted for TRUMP, he told them to vote the way I tell you, I know better and I know much more than you do… hence TRUMP. There is a pattern, career politicians’ days are numbered.\r\n\r\nBack to my point…\r\n\r\nTony could be right, legally there is a case that says until the supreme court rules that the vote was NOT legally binding. In the name of sanity though, who is going to say it was NOT a democratic vote.\r\n\r\nTheresa May, UK Prime Minister has said she will respect the wishes of the electorate and trigger article 50 of the Lisbon Treaty before 31<sup>st</sup> March 2017.\r\n\r\nHad the economic performance and the uncertainty of the UK following the BREXIT vote been dire, I could see a second referendum (not unheard of in Europe, both IRELAND &amp; HOLLAND were given second chances in the past to “get it right!!!!”).\r\n\r\nThe UK however, did not shut down. There are issues and most of them are due to uncertainty.\r\n\r\nWould the UK public welcome a second referendum?\r\n\r\nPersonally, I think that given the fact the political opposition in the UK is such poor shape, Theresa May should call a snap election to proceed with the BREXIT, this would probably give her an increased majority in the HOUSE of Commons and a clear mandate to get on with it.\r\n\r\nThere are issues to address with the Scottish, Welsh and Northern Ireland parliaments, who all wanted to REMAIN in the EUROPEAN UNION, as did the voters in LONDON.\r\n\r\nHowever, I go full circle. Many voters feel left out hence the rise of the “anti-vote”.\r\n\r\nThe BREXIT story still has legs, and long ones they are, left to run. It would be political suicide to go against a democratic vote and whilst there are millions who want another vote, I am not sure whether this is a good thing or bad thing. If my thoughts on the EUROZONE come through it’s all a non-event anyway. The EUROZONE has a habit of surviving anything that is thrown at it. 2017 could be the year it doesn\'t survive, or it becomes so dysfunctional a CONTAGION EFFECT of wanting out takes hold and it break ups in a few years. That makes the BREXIT vote and the trigger of article 50 irrelevant.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong> LOOKING FORWARDS:</strong><strong> </strong></li>\r\n</ol>\r\n<strong>THIS WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong><strong> </strong>\r\n\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB) speaks.\r\nMONDAY: CAD – Stephen Poloz (BOC) speaks.\r\n\r\nTUESDAY: USD – GDP and Consumer Confidence.\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Graeme Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – Bank Stress Test Results.\r\nWEDNESDAY: OPEC Production Cut Meeting.\r\nWEDNESDAY: EUR – Mario Draghi (ECB) speaks.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Data.\r\nWEDNESDAY: CAD – GDP.\r\nWEDNESDAY: AUD – Private Capital Expenditure.\r\nWEDNESDAY: CNY – Manufacturing PMi.\r\n\r\nTHURSDAY: GBP – Manufacturing PMi.\r\nTHURSDAY: USD – ISM Manufacturing PMi.\r\nTHURSDAY: AUD – Retail Sales.\r\n\r\nFRIDAY: GBP – Construction PMi.\r\nFRIDAY: CAD – Jobs Data and Unemployment Rate.\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\nAfter the short week just completed we are back with a bang this week with a plethora of economic data releases.\r\n\r\nObviously NFP on Friday is the jewel in the crown and if its a beat or even in line it will be the confirming data, should it be required, to see U.S. interest rates increase in December. Frankly, if rates do not rise in December, God help the USD and God help Janet Yellen she would be the first victim of a non-reality “You’re fired” by Donald Trump.\r\n\r\n&nbsp;\r\n\r\nWe have the long-awaited OPEC production cut announcement this week. Up to now the OPEC members have been producing like crazy to show a cut-back to probably the average production levels. This is nonsense. OPEC has no importance anymore in my opinion. It is now simply a collection of countries with a commodity in decline. Only the hedge fund gamblers of this world play the oil trade in quantity and frankly as the OPEC reliability gets less and less a few big hedge fund losses will end that speculative market and OPEC will be no more\r\n\r\nFor now, we have a Christmas laugh and giggle on the horizon. This is a classic buy the rumour sell the news event. Take it seriously for 24 hours, if that, and then watch the selloff.\r\n\r\n&nbsp;\r\n\r\nThe UK bank stress tests will be interesting to watch. Over the recent months the government has been selling stakes in the banks it supported at the time of the Financial Crash back in 2008-2009 so I doubt that this would not be done unless the BOE tipped them the nod.\r\n\r\n&nbsp;\r\n\r\nSeveral PMi’s on the table this week. China will be interesting to follow. The market is expecting a small pullback but still a consolidation above 50.0 which is important moving forward.\r\n\r\n&nbsp;\r\n\r\nI think my message is that with the Forex markets prime for a pullback at any time, albeit across selective currencies, be careful with getting in too heavy especially in a week that contains U.S. non-farm payrolls.\r\n\r\n<u> </u>\r\n\r\n<u>THIS COMING WEEK - THE USD MAJORS (MY THOUGHTS): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.0590\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8700\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016-1024x477.png\" alt=\"eurusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.2473\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8701\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016-1024x477.png\" alt=\"gbpusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7438\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8699\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016-1024x477.png\" alt=\"audusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.7041\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8702\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016-1024x477.png\" alt=\"nzdusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.3513\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8703\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016-1024x477.png\" alt=\"usdcad-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 1.0131\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8704\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016-1024x477.png\" alt=\"usdchf-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 113.16\r\n\r\n<strong> <a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8705\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016-1024x477.png\" alt=\"usdjpy-d-26112016\" width=\"1024\" height=\"477\" /></a></strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>\r\n</ol>\r\nTRADING REVIEW:\r\n\r\nI did not trade much at all last week. When cables move hit the markets early in the week for no reason, that was the nail in the coffin not to trade last week and just observe.\r\n\r\nMy gut feeling was there should be a pullback given we had seen so many extreme moves and many currency pairs looked well overdone. We saw a bit of a correction in currencies last Friday but not much. It is equities that have no realistic valuation at these levels that are going to create the correction of all corrections in my eyes. It is stock buybacks that are fueling this rise in equities, it’s all on a promise and frankly its very dangerous in my opinion.\r\n\r\nThe FED rate rise could be the catalyst for a correction and it will be blamed by the spoilt brats on Wall Street as the reason for everyone’s 401k decline in value. In my opinion, Wall Street has itself to blame 100% for everything that happens. Some of the future valuations of stocks at 25-35 times future values are untenable and frankly grossly irresponsible.\r\n\r\nI am not yet predicting a “House of Cards” situation, but we are not far off. I watched CNBC the other morning for an hour or so and frankly U.S. TV is to blame for a lot of things wrong with the markets. Bull views only…up, up and away to infinity and beyond is the only song they know. Frightening to observe and totally misleading.\r\n\r\nWith this as a backdrop I am ready to keep shorting the commodity currencies which will suffer the most from any equity correction. As usual if the U.S. catches a cold the rest of the world gets influenza.\r\n\r\nMy longer-term views haven’t altered much at all.\r\n\r\nLooking towards the end of this year, it is my intention to have POSITION trades established to carry forward into 2017.\r\n\r\n&nbsp;\r\n\r\nTRADING STYLES and RISK POSITION SIZING for 2017:\r\n\r\nI have been working on these last week and I will re-launch these at the beginning of 2017. There are changes planned which will give greater clarity; at least that’s the goal!\r\n\r\nAs I mentioned last week, it is working on the CORE POSITIONS which was relatively new to the PREMIUM SERVICE in 2016, which will be my focus. From my own perspective, I am going to “Lump” all POSITION trades into one broker next year. I will be using “SELL STOP” trades more frequently as I have been testing what I call MOMENTUM TRADING and I see these as ideal alternative entries to POSITION TRADES.\r\n\r\nIt works with POSITION TRADES primarily because the trade can go 50 pips against you and it should not affect the STOP LOSS as these will be based moving forward on a combination of the weekly and monthly ATR (Average True Range).\r\n\r\n&nbsp;\r\n\r\nPART-TIME TRADERS 2017:\r\n\r\nI have a growing number mainly out east…. As the crow flies from Canada. Most of you will NOT use twitter so I am very conscious about that and I have a letter for distribution, in the next week or so with my proposals for trading in 2017.\r\n\r\nSuffice to say I want to grow on the success from 2016 but we all need to look at the limitations on time that I have available.\r\n\r\n&nbsp;\r\n\r\nMoving on to my CORE TRADES: -\r\n<ol>\r\n 	<li>AUD/NZD: – Frustrating as it is I am still a believer. I will continue to add on pullbacks and lift off 50 -100 pip gains as they become available.</li>\r\n 	<li>NZD/USD: – I have started to build, and I will be adding again into the end of the year.</li>\r\n 	<li>I am looking to establish AUD/USD, USD/CAD and USD/CHF core positions before the end of the year.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nPERISCOPE (UPDATE):\r\n\r\nI must give time to this. I have been diverted away from my desk quite a bit of late.\r\n\r\nPERISCOPE PROPOSAL - My proposal is initially to do a 30-minute presentation on a Monday afternoon my time about 2PM EST. I can be totally flexible with this time. If anyone wants to have a PERISCOPE session and this time is difficult please advise so I can review.\r\n\r\n<strong> </strong>\r\n\r\n<strong>TRADES REVIEW:</strong>\r\n\r\nThe excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -\r\n\r\n<u><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-26112016.png\"><img class=\"aligncenter size-large wp-image-8691\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-26112016-754x1024.png\" alt=\"live-trades-26112016\" width=\"754\" height=\"1024\" /></a></u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-26112016.png\"><img class=\"aligncenter size-large wp-image-8690\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-26112016-715x1024.png\" alt=\"limit-orders-26112016\" width=\"715\" height=\"1024\" /></a>\r\n\r\n<u> </u>\r\n<ol start=\"6\">\r\n 	<li><strong> MY CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nThis is a big week on data and geopolitical news events.\r\n\r\nEven though the blog is finished for 2016 my trading is not and I fully expect to trade through to at least the FOMC interest rate decision.\r\n\r\nMy personal goal with trading through to the year end is to build up core positions for 2017 based upon my FUNDAMENTAL thoughts and views.\r\n\r\nI am expecting equities to pullback, what has gone on since the TRUMP victory makes no sense, and whilst there is always the approach of the market is the market work with it, and I fully get that, the recent moves are just a typical market move ready to leave all the retail traders hanging out there to dry at the highs after they get suckered in.\r\n\r\nThe Forex market is well over done and the fact that every analysts wrongly predicted the effect of a TRUMP victory, they can all stick their revised predictions where the sun doesn\'t shine.\r\n\r\nAs a trader, you have get hold of the reality that you are on your own. No-one gives a shit whether you live or die by this market. The markets are unforgiving. It is NOT a level playing field, the institutions drive the markets and majority of the pundits / analysts / so-called experts on TV have what is called “NO SKIN IN THE GAME”. Bear this in mind when you see or hear that Goldman or Barclays says something. They sell their own books. It is 99.99999999999% of the time an opinion based on what trades they have in place.\r\n\r\nIf these banks that provide analysis were so good they would be shouting their successes from the rooftops every day. They are not. In fact, if the truth be told, the majority of the major FX banks, have been found guilty of falsifying data and God knows what else over the past 12-18 months. They have been caught out trying to manipulate the market. This has affected them so much they are pulling back from FX now that they are losing their advantages to manipulate the market.\r\n\r\nAs we enter the silly season of lower volumes and less liquidity bear in mind you are on your own. If you are a PREMIUM SERVICE subscriber you have me as a sounding board but I am not blessed with ability to read the future.\r\n\r\nAll I can tell you is take care and do not be a sucker by being influenced by a bank opinion. If they get something right once it is not the second coming… it is at best a 50-50 bet made by someone who could not give a crap as he or she is not a trader.\r\n\r\nSo once again, in my opinion, the sword of Damocles STILL hangs over the markets.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/\r\n</a>BLOG VERSION: #121 PREMIUM SERVICE\r\nDATE: 26<sup>th</sup> November 2016.','EUROZONE IMPLOSION 2017?','','publish','open','closed','','eurozone-implosion-2017','','','2016-11-26 15:04:15','2016-11-26 20:04:15','',0,'http://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=8706',0,'member_posts','',0),(8707,1,'2016-11-26 15:01:25','2016-11-26 20:01:25','<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nI never traded last week. From the get go I decided to err on the side of caution. Moves in the DXY continued just about higher overall with some profit taking coming through. At times, there were moves for no apparent reason other than probably a large order being placed that made a few waves, I decided for once just to stick to my guns and step aside. Basically, I just managed a couple of trades and closed with a few pips here and there.\r\n\r\nI am still very suspect of the knee-jerk reaction moves in the markets since THE TRUMP election victory. The FED has cemented in some of the move and now we face a period of about 9 months when the EUROZONE will, in my opinion dominate the forex moves.\r\n\r\nOn Black Friday, we started to see some pullbacks in the dollar index, but it’s not consistent across the board. The EUR still trades heavy in my opinion and this move supports the inverse relationship move with the USD/CHF. It is the commodity currencies that always attract my eye. I still firmly believe commodities always lead the markets in one shape or another and the rest of the markets follow. It therefore stands to reason that moves in the AUD, NZD, CAD and NOK are uppermost on my mind plus the SEK as the USD/SEK is so sensitive to general forex moves.\r\n\r\nThe spanner in the works at the moment is the JPY. After the EUR/USD, the USD/JPY is the second most traded currency pair with the EUR/JPY not too far behind. The JPY can drive the DXY and sway the forex market easier now than a couple of years ago due to less corporate and institutional players, basically less volume and much less liquidity especially in Asia where it dominates the proceedings. So, as a result, the moves in the DXY are not always what they seem at first glance, as always, forex moves require more homework to try and “get a handle” on why and what, to give us traders the now common response to some unexplained moves…WTF!\r\n\r\nTherefore, rather than trade an across the board USD weakness, look carefully as it could be sporadic. Whilst the EUR dominates the DXY weighted index, we may have to pick our way through currency pairs rather than take a general overview to give us the confirmation placing trades.\r\n\r\nWe will have a pullback of the recent moves. However, some will be shallower than others as the geopolitical news will still dominate within the pullback.\r\n\r\nBack on point…\r\n\r\nWhat I am saying is keep up your guard; CASH IS A POSITION never forget this no matter what you trade. I always end my blog each week with the following: -\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>“As usual…</em></strong></span>\r\n\r\n<strong><em><span style=\"color: #0000ff;\">Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility”.</span> </em></strong>\r\n\r\nI mean this; I am here for the long haul.\r\n\r\nI set myself achievable and reasonable targets per annum of 10,000 pips. I trade for basically 10 months a year. Since 2013 when I adjusted my approach and revised everything I have achieved my objective. It’s hard, it’s certainly not easy, I trade what the market gives and, for the most time I wait for the trades to come to me. I have MY PLAN and I TRADE MY PLAN.\r\n\r\nMoving on…\r\n\r\nHere we are once again with the final blog of a trading year, after today, I return in 2017 on January 8<sup>th</sup>.\r\n\r\nFor PREMIUM SERVICE subscribers, I will trade through to the FOMC in December, maybe a day or so beyond. New subscriptions that come on board between now and January 8<sup>th</sup> will not start until that date therefore there is a little bonus of “free time” for new subscribers.\r\n\r\nDon’t forget…\r\n\r\nJust a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.\r\n\r\nTo stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong>  </strong><strong> </strong>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>\r\n<p style=\"text-align: center;\">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>\r\n<p style=\"text-align: center;\">PREMIUM SERVICE subscription costs are as follows: -</p>\r\n<p style=\"text-align: center;\">CAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00</p>\r\nI work for about 40 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE PERFORMANCE:</u></p>\r\n<p style=\"text-align: center;\">PRESENT AND HISTORICAL QUICK PREMIUM SERVICE STATS:</p>\r\n<p style=\"text-align: center;\">THIS MONTH SO FAR: +1,397 pips\r\nYEAR TO DATE TOTAL: +13,015 pips</p>\r\n<p style=\"text-align: center;\">NET PIPS 2015:       +10,686 pips\r\nNET PIPS 2014:       +11,209 pips</p>\r\nBelow, for additional information, I show the net position of THE PREMIUM SERVICE performance for 2016. On my website landing page <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the heading “HISTORY &amp; PERFORMANCE” there are more reports providing more historic trading information.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016.png\"><img class=\"aligncenter size-large wp-image-8692\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016-944x1024.png\" alt=\"prem-serv-net-profitability-2016\" width=\"944\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nPART-TIME TRADER (POSITION) TRADES:\r\n\r\nAt the end of 2015, having listened to many of my subscribers and from a market survey that I undertook, I wanted to try and address those Forex traders who would consider themselves to be a PART-TIME trader for whatever reason.\r\n\r\nPART-TIME FOREX TRADERS fall between a rock and a hard place.  It is very, very difficult with limited access to computers due to full-time employment or limited access to a computer due time constraints, to have a voice when trading.\r\n\r\nNow more than ever you really need to be 24 x 5 with your devices to keep on top of things.\r\n\r\nI wanted to try and find a trading solution for PART-TIME TRADERS.\r\n\r\nLet me be the first to say, my solution is not 100% perfect. You can put lipstick on a pig but it’s still a pig, if you understand me. This is not an easy fix. But I wanted to try, and to be honest, timing in Forex is everything.\r\n\r\nMy initial solution, and it is on-going, has been my savior to my trading performance this year so far, with just 6/7 weeks left to go.\r\n\r\nI introduced PART-TIME TRADER TRADES now called POSITION TRADES at the start of 2016. This trading style is based upon my FUNDAMENTAL longer-term market views. These trades are LIMIT ORDER entry trades with very wide stops based on ATR (Average True Range) limits, mostly weekly limits, but sometimes monthly limits, using Fibonacci levels and trend lines to set stops and limits.\r\n\r\nThey have been, due to the way that the Forex market has been held to ransom inside tight trading ranges for most of the year, creating very choppy market conditions very successful.\r\n\r\nI am NOT saying that these trades and the way I trade them because I still have to assess trades all the time and close off trades early etc.… are the “B all and end all” holy grail for PART-TIME TRADERS but they are a step in the right direction.\r\n\r\nThese trades also suit FULL-TIME traders who want to take a longer-term perspective.\r\n\r\nHow successful have they been?\r\n\r\nHow do I measure their success?\r\n\r\nVery simply, when launching these trades, a year ago I created a page on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> called PART TIME FOREX TRADERS it is part of my drop down menu at the top of my landing page.\r\n\r\nI tried my best to define my target audience and I posted a cash flow projection, it is still there today and I have subsequently added quarterly reviews during the year.\r\n\r\nBelow is the initial cash flow projection that was posted the first week of January 2016.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8627\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016-818x1024.png\" alt=\"pos-trade-proj-2016\" width=\"818\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nI am not going to spend a great deal of time on this. Basically for the purpose of this section of the DRIVE THRU blog will focus solely on MINI LOT traders.\r\n\r\nMy suggestion on day 1, was to open a broker account with USD$7,500. At the end of the year based only on single lot trades after costs to trade and my PREMIUM SERVICE annual subscription my goal was to grow the broker account from USD$7,500 to $15,052.50 by the end of 2016.\r\n\r\n<strong><u>That would be to double your initial investment after ALL costs were taken into consideration</u></strong>\r\n\r\nHow have I faired with this quest?\r\n\r\nBelow is the latest spreadsheet update post I made to my website on the 31<sup>st</sup> October 2016. On my website <a href=\"http://www.weeklyfxdivethru.com\">www.weeklyfxdivethru.com</a> landing page under the heading “PART TIME FOREX TRADERS” all my updates throughout 2016 can be found together with more information and background to these trade set ups.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3.png\"><img class=\"aligncenter size-large wp-image-8630\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3-1024x806.png\" alt=\"pos-proj-2016-q3\" width=\"1024\" height=\"806\" /></a>\r\n\r\nAt the end of last month, the cumulative position now shows that the original account with USD$7,500 now stands at net USD$13,868.00.\r\n\r\nThere is just under USD$1,200 in income left to achieve (1,200 pips over the months of November and December). It is a tall order.\r\n\r\nWhat about my macro thoughts on the performance of the POSITION TRADES?\r\n\r\nMy thoughts are very straightforward: -\r\n<ol>\r\n 	<li>This (2016) has been an extremely difficult year to trade in.</li>\r\n 	<li>My approach to trading this year has been almost a 180 degree turn on 2015 trading.</li>\r\n 	<li>Features and factors that prompted me to start this trading style, namely central bank diversification never became as big of an issue as I thought it would have been. I had to re-focus and adapt the POSITION trade set ups to compensate for this.</li>\r\n 	<li>This review of style, manifested itself in the facts that my projection was for just 90 trades in the year. So far I have completed 146 trades (more than 50% more than anticipated). My profits per trade are less and my losses per trade are well under projection.</li>\r\n 	<li>I am, given the above points 1-4, delighted to have achieved this performance so far.</li>\r\n 	<li>Have I delivered what I set out for PART-TIME traders? Not 100%. I have delivered profits but the timings for closing of trades is still an issue. I cannot let losses grow or profits diminish due to a trading style. I have to 100% trade the price action in the market as I see it.</li>\r\n 	<li>What about 2017?I will continue this trading style next year, but I will review my other trading styles. It is impossible to predict what type of a trading year 2017 will be, apart from the fact it contains 365 days and that there will always be a forex market every day the market is open.</li>\r\n</ol>\r\nIf you would like additional supporting data or detail about the performance and the tabs on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n<ol start=\"3\">\r\n 	<li><strong> LOOKING BACKWARDS: THE FX MARKET PLACE</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\nAlthough I was really “not playing” last week, my eyes and ears were open watching and reading. Two pieces from last week resonated with me and although they were raised last week they are news items that will remain with us for months moving forward.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE (ECB FINANCIAL STABILITY REPORT) </strong>\r\n<strong> and </strong>\r\n<strong> TONY BLAIR on BREXIT:</strong></p>\r\n<p style=\"text-align: center;\"><strong>EUROZONE IMPLOSION 2017?</strong></p>\r\nThese reports over the past couple of years have tended to come and go with little more than a cursory glance. I must be “old school” I still believe that the data supplied to the markets by Central Banks actually mean something despite the personalities involved. I know I am the first to call various Central Bank governors, Muppets, JCB Drivers, numpties etc. However, we should try to understand, what the messages are that they are trying to deliver, sometimes with a hidden agenda, or, a clouded delivery.\r\n\r\nFrom my perspective, there is not another Central Bank President on the planet with as difficult a job as Mario Draghi so to hear and read what the views are from the EUROZONE should be read with greater seriousness as these views represent 50% of the most traded currency pair in the forex market.\r\n\r\nLong time readers / subscribers will be aware that I see the EUROZONE as a failed project doomed to failure. Despite everything like a prehistoric dinosaur, it labours inefficiently forward from catastrophe to catastrophe and set back after setback kicking more cans down the road than could fit in a re-cycling plant… it’s still here as Jim Kerr would sing “ALIVE and KICKING”, and only God knows how and why!\r\n\r\nBack to the report…\r\n\r\nHardly surprising given what the EUROZONE must battle through in the next 7-8 months it sees both political and financial RISKS on the horizon.\r\n\r\nKEY EUROZONE AGENDA ITEMS ON THE HORIZON:\r\n\r\n2016:\r\n<ol>\r\n 	<li>NOVEMBER 27<sup>th</sup>: - FRANCE: Second round vote Republican Presidential election.</li>\r\n 	<li>DECEMBER 1<sup>st</sup>: - FRANCE: Socialist primaries for Presidential election.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - AUSTRIA: Presidential Election re-run.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - ITALY: Referendum on Constitutional Reforms.</li>\r\n 	<li>DECEMBER 5<sup>th</sup>: - GREECE: Deadline day for stakeholders of GREEK DEBT to agree debt relief measures.</li>\r\n 	<li>DECEMBER 15<sup>th</sup>: - FRANCE: Socialist primaries closed.</li>\r\n 	<li>DECEMBER 31<sup>st</sup>: - GREECE: IMF to decide on involvement in GREEK third bailout.</li>\r\n</ol>\r\n2017:\r\n<ol start=\"8\">\r\n 	<li>JANUARY 29<sup>th</sup>: - FRANCE: Socialist Primary Elections.</li>\r\n 	<li>FEBRUARY 12<sup>th</sup>: - GERMANY: Presidential Elections.</li>\r\n 	<li>MARCH 15<sup>th</sup>: - HOLLAND: Parliamentary Elections.</li>\r\n 	<li>MARCH 26<sup>th</sup>: - GERMANY: Reginal Elections.</li>\r\n 	<li>APRIL 23<sup>rd</sup>: - FRANCE: Presidential Elections.</li>\r\n 	<li>JUNE 18<sup>th</sup>: - FRANCE: General Elections.</li>\r\n</ol>\r\nWhilst one could say the ECB presentation appeared downbeat to some extent given the list 1-13 above I would say that a “WTF” discussion took place in Frankfurt and a play it all down approach was deemed to be the correct path to adopt.\r\n\r\nMatteo Renzi has placed his political career on the line with the Italian referendum, should the people vote NO he will resign if he is as good as his word.\r\n\r\nWould this place the EUROZIONE in panic mode?\r\n\r\nIn my opinion, if not aired publicly, then definitely behind closed doors. Why?\r\n\r\nIn my opinion at the moment, with elections / referendums the questions being asked are practically irrelevant. It’s all about an anti-establishment vote.  For years, due to voter apathy with career “in it for themselves” politicians, turn out at all forms of elections around the world have been declining.\r\n\r\nThe BREXIT vote was a game changer. The populist vote was back making headlines.\r\n\r\nThen we had TRUMP. The circus ended with an extra-ordinary result with all the polls wrong. People lie to these organisations. Your vote is private to you and it’s high time the likes of CNN grabbed this concept. Believe it or not for Non-North Americans reading this blog CNN are in denial no changes in approach to programming… is it any wonder.\r\n\r\nTake a look at what is lurking in the EUROZONE… more importantly NOT IN THE SHADOWS: -\r\n<ul>\r\n 	<li>AUSTRIA – THE FREEDOM PARTY</li>\r\n 	<li>BELGIUM – VLAAMS BELANG</li>\r\n 	<li>DENMARK – DANISH PEOPLE’S PARTY</li>\r\n 	<li>FINLAND – FINNS PARTY</li>\r\n 	<li>FRANCE – FRONT NATIONAL</li>\r\n 	<li>GERMANY – ALTERNATIVE FUR DEUTSCHLAND</li>\r\n 	<li>GREECE – COALITION FOR THE RADICAL LEFT</li>\r\n 	<li>ITALY – THE 5 STAR MOVEMENT &amp; LEGA NORD</li>\r\n 	<li>HOLLAND – PARTY FOR FREEDOM</li>\r\n 	<li>SPAIN – PODERMOS</li>\r\n 	<li>SWEDEN – SWEDISH DOMOCRATS</li>\r\n</ul>\r\nThese parties are either FAR LEFT or FAR RIGHT but they are no longer considered FAR OUT.\r\n\r\nJune 23<sup>rd</sup> in the UK was game changer. TRUMP was sensational given the way the US people are usually governed by fear. The vote to elect TRUMP was incredible and a raised finger to DC. Whether TRUMP can effect change the way he predicted in the campaign remains to be seen.\r\n\r\nBack in the EUROZONE we are once again at the precipice and I do not think that cans, can be kicked anymore.\r\n\r\nThe policy of one size fits all, 19 into 1 will be shown up for what it is in 2017, especially if the populist vote gathers momentum.\r\n\r\nMario Draghi is widely rumoured to announce an extension of the ECB QE (Quantitative Easing) program in December. It remains to be seen what effect the Italian vote, if a no, will have on what he announces. Most analysts are expecting a time frame extension through to September 2017 from the present deadline of March 2017 and a view on potential tapering of the existing buying program. It could all be up in the air.\r\n\r\nThe ECB report talked about the Italian referendum, the bust voting calendar into the end of 2016 and the first half of 2017. BREXIT was briefly mentioned and as we all strongly suspect; BREXIT will drag on and on. I am still doubtful it will ever happen. I see a second vote. I am not certain how it will manifest itself, however should the EUROZONE implode it could all be a complete waste of time anyway.\r\n\r\nThe ECB also mentioned uncertainty surrounding TRUMP. The rising U.S. debt and TRUMPS focus on domestic issues rather than international may cause ripples around world markets. More like fecking Tsunamis in my opinion but there you go.\r\n\r\nI think having read the report twice now it would be fair to say that political concerns worry the ECB more than economical…. My, my, my, how times have changed.\r\n\r\nMoving to BREXIT and Tony Blair…\r\n\r\nPoor Tony Blair, completely taken for a fool by George W. Bush over WMD. Never believe what intelligence tells you, those guys are fueled by, the shoot first ask questions later brain cells.\r\n\r\nOur Tone now takes the view that democracy is a load of shite. The people have voted in a simple majority vote to leave the EUROPEAN UNION. Tony now says “feck that” we shouldn\'t leave and I know better than you. (This is why we have the populist vote growing by the way). The same thing happened in the U.S. election Mitt Romney called voters basically, idiots if they voted for TRUMP, he told them to vote the way I tell you, I know better and I know much more than you do… hence TRUMP. There is a pattern, career politicians’ days are numbered.\r\n\r\nBack to my point…\r\n\r\nTony could be right, legally there is a case that says until the supreme court rules that the vote was NOT legally binding. In the name of sanity though, who is going to say it was NOT a democratic vote.\r\n\r\nTheresa May, UK Prime Minister has said she will respect the wishes of the electorate and trigger article 50 of the Lisbon Treaty before 31<sup>st</sup> March 2017.\r\n\r\nHad the economic performance and the uncertainty of the UK following the BREXIT vote been dire, I could see a second referendum (not unheard of in Europe, both IRELAND &amp; HOLLAND were given second chances in the past to “get it right!!!!”).\r\n\r\nThe UK however, did not shut down. There are issues and most of them are due to uncertainty.\r\n\r\nWould the UK public welcome a second referendum?\r\n\r\nPersonally, I think that given the fact the political opposition in the UK is such poor shape, Theresa May should call a snap election to proceed with the BREXIT, this would probably give her an increased majority in the HOUSE of Commons and a clear mandate to get on with it.\r\n\r\nThere are issues to address with the Scottish, Welsh and Northern Ireland parliaments, who all wanted to REMAIN in the EUROPEAN UNION, as did the voters in LONDON.\r\n\r\nHowever, I go full circle. Many voters feel left out hence the rise of the “anti-vote”.\r\n\r\nThe BREXIT story still has legs, and long ones they are, left to run. It would be political suicide to go against a democratic vote and whilst there are millions who want another vote, I am not sure whether this is a good thing or bad thing. If my thoughts on the EUROZONE come through it’s all a non-event anyway. The EUROZONE has a habit of surviving anything that is thrown at it. 2017 could be the year it doesn\'t survive, or it becomes so dysfunctional a CONTAGION EFFECT of wanting out takes hold and it break ups in a few years. That makes the BREXIT vote and the trigger of article 50 irrelevant.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong> LOOKING FORWARDS:</strong><strong> </strong></li>\r\n</ol>\r\n<strong>THIS WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong><strong> </strong>\r\n\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB) speaks.\r\nMONDAY: CAD – Stephen Poloz (BOC) speaks.\r\n\r\nTUESDAY: USD – GDP and Consumer Confidence.\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Graeme Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – Bank Stress Test Results.\r\nWEDNESDAY: OPEC Production Cut Meeting.\r\nWEDNESDAY: EUR – Mario Draghi (ECB) speaks.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Data.\r\nWEDNESDAY: CAD – GDP.\r\nWEDNESDAY: AUD – Private Capital Expenditure.\r\nWEDNESDAY: CNY – Manufacturing PMi.\r\n\r\nTHURSDAY: GBP – Manufacturing PMi.\r\nTHURSDAY: USD – ISM Manufacturing PMi.\r\nTHURSDAY: AUD – Retail Sales.\r\n\r\nFRIDAY: GBP – Construction PMi.\r\nFRIDAY: CAD – Jobs Data and Unemployment Rate.\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\nAfter the short week just completed we are back with a bang this week with a plethora of economic data releases.\r\n\r\nObviously NFP on Friday is the jewel in the crown and if its a beat or even in line it will be the confirming data, should it be required, to see U.S. interest rates increase in December. Frankly, if rates do not rise in December, God help the USD and God help Janet Yellen she would be the first victim of a non-reality “You’re fired” by Donald Trump.\r\n\r\n&nbsp;\r\n\r\nWe have the long-awaited OPEC production cut announcement this week. Up to now the OPEC members have been producing like crazy to show a cut-back to probably the average production levels. This is nonsense. OPEC has no importance anymore in my opinion. It is now simply a collection of countries with a commodity in decline. Only the hedge fund gamblers of this world play the oil trade in quantity and frankly as the OPEC reliability gets less and less a few big hedge fund losses will end that speculative market and OPEC will be no more\r\n\r\nFor now, we have a Christmas laugh and giggle on the horizon. This is a classic buy the rumour sell the news event. Take it seriously for 24 hours, if that, and then watch the selloff.\r\n\r\n&nbsp;\r\n\r\nThe UK bank stress tests will be interesting to watch. Over the recent months the government has been selling stakes in the banks it supported at the time of the Financial Crash back in 2008-2009 so I doubt that this would not be done unless the BOE tipped them the nod.\r\n\r\n&nbsp;\r\n\r\nSeveral PMi’s on the table this week. China will be interesting to follow. The market is expecting a small pullback but still a consolidation above 50.0 which is important moving forward.\r\n\r\n&nbsp;\r\n\r\nI think my message is that with the Forex markets prime for a pullback at any time, albeit across selective currencies, be careful with getting in too heavy especially in a week that contains U.S. non-farm payrolls.\r\n\r\n<u> </u>\r\n\r\n<u>THIS COMING WEEK - THE USD MAJORS (MY THOUGHTS): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.0590\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8700\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016-1024x477.png\" alt=\"eurusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.2473\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8701\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016-1024x477.png\" alt=\"gbpusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7438\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8699\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016-1024x477.png\" alt=\"audusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.7041\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8702\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016-1024x477.png\" alt=\"nzdusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.3513\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8703\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016-1024x477.png\" alt=\"usdcad-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 1.0131\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8704\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016-1024x477.png\" alt=\"usdchf-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 113.16\r\n\r\n<strong> <a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8705\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016-1024x477.png\" alt=\"usdjpy-d-26112016\" width=\"1024\" height=\"477\" /></a></strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>\r\n</ol>\r\nTRADING REVIEW:\r\n\r\nI did not trade much at all last week. When cables move hit the markets early in the week for no reason, that was the nail in the coffin not to trade last week and just observe.\r\n\r\nMy gut feeling was there should be a pullback given we had seen so many extreme moves and many currency pairs looked well overdone. We saw a bit of a correction in currencies last Friday but not much. It is equities that have no realistic valuation at these levels that are going to create the correction of all corrections in my eyes. It is stock buybacks that are fueling this rise in equities, it’s all on a promise and frankly its very dangerous in my opinion.\r\n\r\nThe FED rate rise could be the catalyst for a correction and it will be blamed by the spoilt brats on Wall Street as the reason for everyone’s 401k decline in value. In my opinion, Wall Street has itself to blame 100% for everything that happens. Some of the future valuations of stocks at 25-35 times future values are untenable and frankly grossly irresponsible.\r\n\r\nI am not yet predicting a “House of Cards” situation, but we are not far off. I watched CNBC the other morning for an hour or so and frankly U.S. TV is to blame for a lot of things wrong with the markets. Bull views only…up, up and away to infinity and beyond is the only song they know. Frightening to observe and totally misleading.\r\n\r\nWith this as a backdrop I am ready to keep shorting the commodity currencies which will suffer the most from any equity correction. As usual if the U.S. catches a cold the rest of the world gets influenza.\r\n\r\nMy longer-term views haven’t altered much at all.\r\n\r\nLooking towards the end of this year, it is my intention to have POSITION trades established to carry forward into 2017.\r\n\r\n&nbsp;\r\n\r\nTRADING STYLES and RISK POSITION SIZING for 2017:\r\n\r\nI have been working on these last week and I will re-launch these at the beginning of 2017. There are changes planned which will give greater clarity; at least that’s the goal!\r\n\r\nAs I mentioned last week, it is working on the CORE POSITIONS which was relatively new to the PREMIUM SERVICE in 2016, which will be my focus. From my own perspective, I am going to “Lump” all POSITION trades into one broker next year. I will be using “SELL STOP” trades more frequently as I have been testing what I call MOMENTUM TRADING and I see these as ideal alternative entries to POSITION TRADES.\r\n\r\nIt works with POSITION TRADES primarily because the trade can go 50 pips against you and it should not affect the STOP LOSS as these will be based moving forward on a combination of the weekly and monthly ATR (Average True Range).\r\n\r\n&nbsp;\r\n\r\nPART-TIME TRADERS 2017:\r\n\r\nI have a growing number mainly out east…. As the crow flies from Canada. Most of you will NOT use twitter so I am very conscious about that and I have a letter for distribution, in the next week or so with my proposals for trading in 2017.\r\n\r\nSuffice to say I want to grow on the success from 2016 but we all need to look at the limitations on time that I have available.\r\n\r\n&nbsp;\r\n\r\nMoving on to my CORE TRADES: -\r\n<ol>\r\n 	<li>AUD/NZD: – Frustrating as it is I am still a believer. I will continue to add on pullbacks and lift off 50 -100 pip gains as they become available.</li>\r\n 	<li>NZD/USD: – I have started to build, and I will be adding again into the end of the year.</li>\r\n 	<li>I am looking to establish AUD/USD, USD/CAD and USD/CHF core positions before the end of the year.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nPERISCOPE (UPDATE):\r\n\r\nI must give time to this. I have been diverted away from my desk quite a bit of late.\r\n\r\nPERISCOPE PROPOSAL - My proposal is initially to do a 30-minute presentation on a Monday afternoon my time about 2PM EST. I can be totally flexible with this time. If anyone wants to have a PERISCOPE session and this time is difficult please advise so I can review.\r\n\r\n<strong> </strong>\r\n\r\n<strong>TRADES REVIEW:</strong>\r\n\r\nThe excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -\r\n\r\n<u><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-26112016.png\"><img class=\"aligncenter size-large wp-image-8691\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-26112016-754x1024.png\" alt=\"live-trades-26112016\" width=\"754\" height=\"1024\" /></a></u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-26112016.png\"><img class=\"aligncenter size-large wp-image-8690\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-26112016-715x1024.png\" alt=\"limit-orders-26112016\" width=\"715\" height=\"1024\" /></a>\r\n\r\n<u> </u>\r\n<ol start=\"6\">\r\n 	<li><strong> MY CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nThis is a big week on data and geopolitical news events.\r\n\r\nEven though the blog is finished for 2016 my trading is not and I fully expect to trade through to at least the FOMC interest rate decision.\r\n\r\nMy personal goal with trading through to the year end is to build up core positions for 2017 based upon my FUNDAMENTAL thoughts and views.\r\n\r\nI am expecting equities to pullback, what has gone on since the TRUMP victory makes no sense, and whilst there is always the approach of the market is the market work with it, and I fully get that, the recent moves are just a typical market move ready to leave all the retail traders hanging out there to dry at the highs after they get suckered in.\r\n\r\nThe Forex market is well over done and the fact that every analysist wrongly predicted the effect of a TRUMP victory, they can all stick their revised predictions where the sun doesn\'t shine.\r\n\r\nAs a trader, you have get hold of the reality that you are on your own. No-one gives a shit whether you live or die by this market. The markets are unforgiving. It is NOT a level playing field, the institutions drive the markets and majority of the pundits / analysts / so-called experts on TV have what is called “NO SKIN IN THE GAME”. Bear this in mind when you see or hear that Goldman or Barclays says something. They sell their own books. It is 99.99999999999% of the time an opinion based on what trades they have in place.\r\n\r\nIf these banks that provide analysis were so good they would be shouting their successes from the rooftops every day. They are not. In fact, if the truth be told, the majority of the major FX banks, have been found guilty of falsifying data and God knows what else over the past 12-18 months. They have been caught out trying to manipulate the market. This has affected them so much they are pulling back from FX now that they are losing their advantages to manipulate the market.\r\n\r\nAs we enter the silly season of lower volumes and less liquidity bear in mind you are on your own. If you are a PREMIUM SERVICE subscriber you have me as a sounding board but I am not blessed with ability to read the future.\r\n\r\nAll I can tell you is take care and do not be a sucker by being influenced by a bank opinion. If they get something right once it is not the second coming… it is at best a 50-50 bet made by someone who could not give a crap as he or she is not a trader.\r\n\r\nSo once again, in my opinion, the sword of Damocles STILL hangs over the markets.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/\r\n</a>BLOG VERSION: #121 PREMIUM SERVICE\r\nDATE: 26<sup>th</sup> November 2016.','EUROZONE IMPLOSION 2017?','','inherit','closed','closed','','8706-revision-v1','','','2016-11-26 15:01:25','2016-11-26 20:01:25','',8706,'http://weeklyfxdrivethru.com/8706-revision-v1/',0,'revision','',0),(8708,1,'2016-11-26 15:04:15','2016-11-26 20:04:15','<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nI never traded last week. From the get go I decided to err on the side of caution. Moves in the DXY continued just about higher overall with some profit taking coming through. At times, there were moves for no apparent reason other than probably a large order being placed that made a few waves, I decided for once just to stick to my guns and step aside. Basically, I just managed a couple of trades and closed with a few pips here and there.\r\n\r\nI am still very suspect of the knee-jerk reaction moves in the markets since THE TRUMP election victory. The FED has cemented in some of the move and now we face a period of about 9 months when the EUROZONE will, in my opinion dominate the forex moves.\r\n\r\nOn Black Friday, we started to see some pullbacks in the dollar index, but it’s not consistent across the board. The EUR still trades heavy in my opinion and this move supports the inverse relationship move with the USD/CHF. It is the commodity currencies that always attract my eye. I still firmly believe commodities always lead the markets in one shape or another and the rest of the markets follow. It therefore stands to reason that moves in the AUD, NZD, CAD and NOK are uppermost on my mind plus the SEK as the USD/SEK is so sensitive to general forex moves.\r\n\r\nThe spanner in the works at the moment is the JPY. After the EUR/USD, the USD/JPY is the second most traded currency pair with the EUR/JPY not too far behind. The JPY can drive the DXY and sway the forex market easier now than a couple of years ago due to less corporate and institutional players, basically less volume and much less liquidity especially in Asia where it dominates the proceedings. So, as a result, the moves in the DXY are not always what they seem at first glance, as always, forex moves require more homework to try and “get a handle” on why and what, to give us traders the now common response to some unexplained moves…WTF!\r\n\r\nTherefore, rather than trade an across the board USD weakness, look carefully as it could be sporadic. Whilst the EUR dominates the DXY weighted index, we may have to pick our way through currency pairs rather than take a general overview to give us the confirmation placing trades.\r\n\r\nWe will have a pullback of the recent moves. However, some will be shallower than others as the geopolitical news will still dominate within the pullback.\r\n\r\nBack on point…\r\n\r\nWhat I am saying is keep up your guard; CASH IS A POSITION never forget this no matter what you trade. I always end my blog each week with the following: -\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>“As usual…</em></strong></span>\r\n\r\n<strong><em><span style=\"color: #0000ff;\">Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility”.</span> </em></strong>\r\n\r\nI mean this; I am here for the long haul.\r\n\r\nI set myself achievable and reasonable targets per annum of 10,000 pips. I trade for basically 10 months a year. Since 2013 when I adjusted my approach and revised everything I have achieved my objective. It’s hard, it’s certainly not easy, I trade what the market gives and, for the most time I wait for the trades to come to me. I have MY PLAN and I TRADE MY PLAN.\r\n\r\nMoving on…\r\n\r\nHere we are once again with the final blog of a trading year, after today, I return in 2017 on January 8<sup>th</sup>.\r\n\r\nFor PREMIUM SERVICE subscribers, I will trade through to the FOMC in December, maybe a day or so beyond. New subscriptions that come on board between now and January 8<sup>th</sup> will not start until that date therefore there is a little bonus of “free time” for new subscribers.\r\n\r\nDon’t forget…\r\n\r\nJust a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.\r\n\r\nTo stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong>  </strong><strong> </strong>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>\r\n<p style=\"text-align: center;\">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>\r\n<p style=\"text-align: center;\">PREMIUM SERVICE subscription costs are as follows: -</p>\r\n<p style=\"text-align: center;\">CAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00</p>\r\nI work for about 40 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE PERFORMANCE:</u></p>\r\n<p style=\"text-align: center;\">PRESENT AND HISTORICAL QUICK PREMIUM SERVICE STATS:</p>\r\n<p style=\"text-align: center;\">THIS MONTH SO FAR: +1,397 pips\r\nYEAR TO DATE TOTAL: +13,015 pips</p>\r\n<p style=\"text-align: center;\">NET PIPS 2015:       +10,686 pips\r\nNET PIPS 2014:       +11,209 pips</p>\r\nBelow, for additional information, I show the net position of THE PREMIUM SERVICE performance for 2016. On my website landing page <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the heading “HISTORY &amp; PERFORMANCE” there are more reports providing more historic trading information.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016.png\"><img class=\"aligncenter size-large wp-image-8692\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016-944x1024.png\" alt=\"prem-serv-net-profitability-2016\" width=\"944\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nPART-TIME TRADER (POSITION) TRADES:\r\n\r\nAt the end of 2015, having listened to many of my subscribers and from a market survey that I undertook, I wanted to try and address those Forex traders who would consider themselves to be a PART-TIME trader for whatever reason.\r\n\r\nPART-TIME FOREX TRADERS fall between a rock and a hard place.  It is very, very difficult with limited access to computers due to full-time employment or limited access to a computer due time constraints, to have a voice when trading.\r\n\r\nNow more than ever you really need to be 24 x 5 with your devices to keep on top of things.\r\n\r\nI wanted to try and find a trading solution for PART-TIME TRADERS.\r\n\r\nLet me be the first to say, my solution is not 100% perfect. You can put lipstick on a pig but it’s still a pig, if you understand me. This is not an easy fix. But I wanted to try, and to be honest, timing in Forex is everything.\r\n\r\nMy initial solution, and it is on-going, has been my savior to my trading performance this year so far, with just 6/7 weeks left to go.\r\n\r\nI introduced PART-TIME TRADER TRADES now called POSITION TRADES at the start of 2016. This trading style is based upon my FUNDAMENTAL longer-term market views. These trades are LIMIT ORDER entry trades with very wide stops based on ATR (Average True Range) limits, mostly weekly limits, but sometimes monthly limits, using Fibonacci levels and trend lines to set stops and limits.\r\n\r\nThey have been, due to the way that the Forex market has been held to ransom inside tight trading ranges for most of the year, creating very choppy market conditions very successful.\r\n\r\nI am NOT saying that these trades and the way I trade them because I still have to assess trades all the time and close off trades early etc.… are the “B all and end all” holy grail for PART-TIME TRADERS but they are a step in the right direction.\r\n\r\nThese trades also suit FULL-TIME traders who want to take a longer-term perspective.\r\n\r\nHow successful have they been?\r\n\r\nHow do I measure their success?\r\n\r\nVery simply, when launching these trades, a year ago I created a page on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> called PART TIME FOREX TRADERS it is part of my drop down menu at the top of my landing page.\r\n\r\nI tried my best to define my target audience and I posted a cash flow projection, it is still there today and I have subsequently added quarterly reviews during the year.\r\n\r\nBelow is the initial cash flow projection that was posted the first week of January 2016.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8627\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016-818x1024.png\" alt=\"pos-trade-proj-2016\" width=\"818\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nI am not going to spend a great deal of time on this. Basically for the purpose of this section of the DRIVE THRU blog will focus solely on MINI LOT traders.\r\n\r\nMy suggestion on day 1, was to open a broker account with USD$7,500. At the end of the year based only on single lot trades after costs to trade and my PREMIUM SERVICE annual subscription my goal was to grow the broker account from USD$7,500 to $15,052.50 by the end of 2016.\r\n\r\n<strong><u>That would be to double your initial investment after ALL costs were taken into consideration</u></strong>\r\n\r\nHow have I faired with this quest?\r\n\r\nBelow is the latest spreadsheet update post I made to my website on the 31<sup>st</sup> October 2016. On my website <a href=\"http://www.weeklyfxdivethru.com\">www.weeklyfxdivethru.com</a> landing page under the heading “PART TIME FOREX TRADERS” all my updates throughout 2016 can be found together with more information and background to these trade set ups.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3.png\"><img class=\"aligncenter size-large wp-image-8630\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3-1024x806.png\" alt=\"pos-proj-2016-q3\" width=\"1024\" height=\"806\" /></a>\r\n\r\nAt the end of last month, the cumulative position now shows that the original account with USD$7,500 now stands at net USD$13,868.00.\r\n\r\nThere is just under USD$1,200 in income left to achieve (1,200 pips over the months of November and December). It is a tall order.\r\n\r\nWhat about my macro thoughts on the performance of the POSITION TRADES?\r\n\r\nMy thoughts are very straightforward: -\r\n<ol>\r\n 	<li>This (2016) has been an extremely difficult year to trade in.</li>\r\n 	<li>My approach to trading this year has been almost a 180 degree turn on 2015 trading.</li>\r\n 	<li>Features and factors that prompted me to start this trading style, namely central bank diversification never became as big of an issue as I thought it would have been. I had to re-focus and adapt the POSITION trade set ups to compensate for this.</li>\r\n 	<li>This review of style, manifested itself in the facts that my projection was for just 90 trades in the year. So far I have completed 146 trades (more than 50% more than anticipated). My profits per trade are less and my losses per trade are well under projection.</li>\r\n 	<li>I am, given the above points 1-4, delighted to have achieved this performance so far.</li>\r\n 	<li>Have I delivered what I set out for PART-TIME traders? Not 100%. I have delivered profits but the timings for closing of trades is still an issue. I cannot let losses grow or profits diminish due to a trading style. I have to 100% trade the price action in the market as I see it.</li>\r\n 	<li>What about 2017?I will continue this trading style next year, but I will review my other trading styles. It is impossible to predict what type of a trading year 2017 will be, apart from the fact it contains 365 days and that there will always be a forex market every day the market is open.</li>\r\n</ol>\r\nIf you would like additional supporting data or detail about the performance and the tabs on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n<ol start=\"3\">\r\n 	<li><strong> LOOKING BACKWARDS: THE FX MARKET PLACE</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\nAlthough I was really “not playing” last week, my eyes and ears were open watching and reading. Two pieces from last week resonated with me and although they were raised last week they are news items that will remain with us for months moving forward.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE (ECB FINANCIAL STABILITY REPORT) </strong>\r\n<strong> and </strong>\r\n<strong> TONY BLAIR on BREXIT:</strong></p>\r\n<p style=\"text-align: center;\"><strong>EUROZONE IMPLOSION 2017?</strong></p>\r\nThese reports over the past couple of years have tended to come and go with little more than a cursory glance. I must be “old school” I still believe that the data supplied to the markets by Central Banks actually mean something despite the personalities involved. I know I am the first to call various Central Bank governors, Muppets, JCB Drivers, numpties etc. However, we should try to understand, what the messages are that they are trying to deliver, sometimes with a hidden agenda, or, a clouded delivery.\r\n\r\nFrom my perspective, there is not another Central Bank President on the planet with as difficult a job as Mario Draghi so to hear and read what the views are from the EUROZONE should be read with greater seriousness as these views represent 50% of the most traded currency pair in the forex market.\r\n\r\nLong time readers / subscribers will be aware that I see the EUROZONE as a failed project doomed to failure. Despite everything like a prehistoric dinosaur, it labours inefficiently forward from catastrophe to catastrophe and set back after setback kicking more cans down the road than could fit in a re-cycling plant… it’s still here as Jim Kerr would sing “ALIVE and KICKING”, and only God knows how and why!\r\n\r\nBack to the report…\r\n\r\nHardly surprising given what the EUROZONE must battle through in the next 7-8 months it sees both political and financial RISKS on the horizon.\r\n\r\nKEY EUROZONE AGENDA ITEMS ON THE HORIZON:\r\n\r\n2016:\r\n<ol>\r\n 	<li>NOVEMBER 27<sup>th</sup>: - FRANCE: Second round vote Republican Presidential election.</li>\r\n 	<li>DECEMBER 1<sup>st</sup>: - FRANCE: Socialist primaries for Presidential election.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - AUSTRIA: Presidential Election re-run.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - ITALY: Referendum on Constitutional Reforms.</li>\r\n 	<li>DECEMBER 5<sup>th</sup>: - GREECE: Deadline day for stakeholders of GREEK DEBT to agree debt relief measures.</li>\r\n 	<li>DECEMBER 15<sup>th</sup>: - FRANCE: Socialist primaries closed.</li>\r\n 	<li>DECEMBER 31<sup>st</sup>: - GREECE: IMF to decide on involvement in GREEK third bailout.</li>\r\n</ol>\r\n2017:\r\n<ol start=\"8\">\r\n 	<li>JANUARY 29<sup>th</sup>: - FRANCE: Socialist Primary Elections.</li>\r\n 	<li>FEBRUARY 12<sup>th</sup>: - GERMANY: Presidential Elections.</li>\r\n 	<li>MARCH 15<sup>th</sup>: - HOLLAND: Parliamentary Elections.</li>\r\n 	<li>MARCH 26<sup>th</sup>: - GERMANY: Regional Elections.</li>\r\n 	<li>APRIL 23<sup>rd</sup>: - FRANCE: Presidential Elections.</li>\r\n 	<li>JUNE 18<sup>th</sup>: - FRANCE: General Elections.</li>\r\n</ol>\r\nWhilst one could say the ECB presentation appeared downbeat to some extent given the list 1-13 above I would say that a “WTF” discussion took place in Frankfurt and a play it all down approach was deemed to be the correct path to adopt.\r\n\r\nMatteo Renzi has placed his political career on the line with the Italian referendum, should the people vote NO he will resign if he is as good as his word.\r\n\r\nWould this place the EUROZONE in panic mode?\r\n\r\nIn my opinion, if not aired publicly, then definitely behind closed doors. Why?\r\n\r\nIn my opinion at the moment, with elections / referendums the questions being asked are practically irrelevant. It’s all about an anti-establishment vote.  For years, due to voter apathy with career “in it for themselves” politicians, turn out at all forms of elections around the world have been declining.\r\n\r\nThe BREXIT vote was a game changer. The populist vote was back making headlines.\r\n\r\nThen we had TRUMP. The circus ended with an extra-ordinary result with all the polls wrong. People lie to these organisations. Your vote is private to you and it’s high time the likes of CNN grabbed this concept. Believe it or not for Non-North Americans reading this blog CNN are in denial no changes in approach to programming… is it any wonder.\r\n\r\nTake a look at what is lurking in the EUROZONE… more importantly NOT IN THE SHADOWS: -\r\n<ul>\r\n 	<li>AUSTRIA – THE FREEDOM PARTY</li>\r\n 	<li>BELGIUM – VLAAMS BELANG</li>\r\n 	<li>DENMARK – DANISH PEOPLE’S PARTY</li>\r\n 	<li>FINLAND – FINNS PARTY</li>\r\n 	<li>FRANCE – FRONT NATIONAL</li>\r\n 	<li>GERMANY – ALTERNATIVE FUR DEUTSCHLAND</li>\r\n 	<li>GREECE – COALITION FOR THE RADICAL LEFT</li>\r\n 	<li>ITALY – THE 5 STAR MOVEMENT &amp; LEGA NORD</li>\r\n 	<li>HOLLAND – PARTY FOR FREEDOM</li>\r\n 	<li>SPAIN – PODERMOS</li>\r\n 	<li>SWEDEN – SWEDISH DEMOCRATS</li>\r\n</ul>\r\nThese parties are either FAR LEFT or FAR RIGHT but they are no longer considered FAR OUT.\r\n\r\nJune 23<sup>rd</sup> in the UK was game changer. TRUMP was sensational given the way the US people are usually governed by fear. The vote to elect TRUMP was incredible and a raised finger to DC. Whether TRUMP can effect change the way he predicted in the campaign remains to be seen.\r\n\r\nBack in the EUROZONE we are once again at the precipice and I do not think that cans, can be kicked anymore.\r\n\r\nThe policy of one size fits all, 19 into 1 will be shown up for what it is in 2017, especially if the populist vote gathers momentum.\r\n\r\nMario Draghi is widely rumoured to announce an extension of the ECB QE (Quantitative Easing) program in December. It remains to be seen what effect the Italian vote, if a no, will have on what he announces. Most analysts are expecting a time frame extension through to September 2017 from the present deadline of March 2017 and a view on potential tapering of the existing buying program. It could all be up in the air.\r\n\r\nThe ECB report talked about the Italian referendum, the bust voting calendar into the end of 2016 and the first half of 2017. BREXIT was briefly mentioned and as we all strongly suspect; BREXIT will drag on and on. I am still doubtful it will ever happen. I see a second vote. I am not certain how it will manifest itself, however should the EUROZONE implode it could all be a complete waste of time anyway.\r\n\r\nThe ECB also mentioned uncertainty surrounding TRUMP. The rising U.S. debt and TRUMPS focus on domestic issues rather than international may cause ripples around world markets. More like fecking Tsunamis in my opinion but there you go.\r\n\r\nI think having read the report twice now it would be fair to say that political concerns worry the ECB more than economical…. My, my, my, how times have changed.\r\n\r\nMoving to BREXIT and Tony Blair…\r\n\r\nPoor Tony Blair, completely taken for a fool by George W. Bush over WMD. Never believe what intelligence tells you, those guys are fueled by, the shoot first ask questions later brain cells.\r\n\r\nOur Tone now takes the view that democracy is a load of shite. The people have voted in a simple majority vote to leave the EUROPEAN UNION. Tony now says “feck that” we shouldn\'t leave and I know better than you. (This is why we have the populist vote growing by the way). The same thing happened in the U.S. election Mitt Romney called voters basically, idiots if they voted for TRUMP, he told them to vote the way I tell you, I know better and I know much more than you do… hence TRUMP. There is a pattern, career politicians’ days are numbered.\r\n\r\nBack to my point…\r\n\r\nTony could be right, legally there is a case that says until the supreme court rules that the vote was NOT legally binding. In the name of sanity though, who is going to say it was NOT a democratic vote.\r\n\r\nTheresa May, UK Prime Minister has said she will respect the wishes of the electorate and trigger article 50 of the Lisbon Treaty before 31<sup>st</sup> March 2017.\r\n\r\nHad the economic performance and the uncertainty of the UK following the BREXIT vote been dire, I could see a second referendum (not unheard of in Europe, both IRELAND &amp; HOLLAND were given second chances in the past to “get it right!!!!”).\r\n\r\nThe UK however, did not shut down. There are issues and most of them are due to uncertainty.\r\n\r\nWould the UK public welcome a second referendum?\r\n\r\nPersonally, I think that given the fact the political opposition in the UK is such poor shape, Theresa May should call a snap election to proceed with the BREXIT, this would probably give her an increased majority in the HOUSE of Commons and a clear mandate to get on with it.\r\n\r\nThere are issues to address with the Scottish, Welsh and Northern Ireland parliaments, who all wanted to REMAIN in the EUROPEAN UNION, as did the voters in LONDON.\r\n\r\nHowever, I go full circle. Many voters feel left out hence the rise of the “anti-vote”.\r\n\r\nThe BREXIT story still has legs, and long ones they are, left to run. It would be political suicide to go against a democratic vote and whilst there are millions who want another vote, I am not sure whether this is a good thing or bad thing. If my thoughts on the EUROZONE come through it’s all a non-event anyway. The EUROZONE has a habit of surviving anything that is thrown at it. 2017 could be the year it doesn\'t survive, or it becomes so dysfunctional a CONTAGION EFFECT of wanting out takes hold and it break ups in a few years. That makes the BREXIT vote and the trigger of article 50 irrelevant.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong> LOOKING FORWARDS:</strong><strong> </strong></li>\r\n</ol>\r\n<strong>THIS WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong><strong> </strong>\r\n\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB) speaks.\r\nMONDAY: CAD – Stephen Poloz (BOC) speaks.\r\n\r\nTUESDAY: USD – GDP and Consumer Confidence.\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Graeme Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – Bank Stress Test Results.\r\nWEDNESDAY: OPEC Production Cut Meeting.\r\nWEDNESDAY: EUR – Mario Draghi (ECB) speaks.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Data.\r\nWEDNESDAY: CAD – GDP.\r\nWEDNESDAY: AUD – Private Capital Expenditure.\r\nWEDNESDAY: CNY – Manufacturing PMi.\r\n\r\nTHURSDAY: GBP – Manufacturing PMi.\r\nTHURSDAY: USD – ISM Manufacturing PMi.\r\nTHURSDAY: AUD – Retail Sales.\r\n\r\nFRIDAY: GBP – Construction PMi.\r\nFRIDAY: CAD – Jobs Data and Unemployment Rate.\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\nAfter the short week just completed we are back with a bang this week with a plethora of economic data releases.\r\n\r\nObviously NFP on Friday is the jewel in the crown and if its a beat or even in line it will be the confirming data, should it be required, to see U.S. interest rates increase in December. Frankly, if rates do not rise in December, God help the USD and God help Janet Yellen she would be the first victim of a non-reality “You’re fired” by Donald Trump.\r\n\r\n&nbsp;\r\n\r\nWe have the long-awaited OPEC production cut announcement this week. Up to now the OPEC members have been producing like crazy to show a cut-back to probably the average production levels. This is nonsense. OPEC has no importance anymore in my opinion. It is now simply a collection of countries with a commodity in decline. Only the hedge fund gamblers of this world play the oil trade in quantity and frankly as the OPEC reliability gets less and less a few big hedge fund losses will end that speculative market and OPEC will be no more\r\n\r\nFor now, we have a Christmas laugh and giggle on the horizon. This is a classic buy the rumour sell the news event. Take it seriously for 24 hours, if that, and then watch the selloff.\r\n\r\n&nbsp;\r\n\r\nThe UK bank stress tests will be interesting to watch. Over the recent months the government has been selling stakes in the banks it supported at the time of the Financial Crash back in 2008-2009 so I doubt that this would not be done unless the BOE tipped them the nod.\r\n\r\n&nbsp;\r\n\r\nSeveral PMi’s on the table this week. China will be interesting to follow. The market is expecting a small pullback but still a consolidation above 50.0 which is important moving forward.\r\n\r\n&nbsp;\r\n\r\nI think my message is that with the Forex markets prime for a pullback at any time, albeit across selective currencies, be careful with getting in too heavy especially in a week that contains U.S. non-farm payrolls.\r\n\r\n<u> </u>\r\n\r\n<u>THIS COMING WEEK - THE USD MAJORS (MY THOUGHTS): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.0590\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8700\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016-1024x477.png\" alt=\"eurusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.2473\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8701\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016-1024x477.png\" alt=\"gbpusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7438\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8699\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016-1024x477.png\" alt=\"audusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.7041\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8702\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016-1024x477.png\" alt=\"nzdusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.3513\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8703\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016-1024x477.png\" alt=\"usdcad-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 1.0131\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8704\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016-1024x477.png\" alt=\"usdchf-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 113.16\r\n\r\n<strong> <a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8705\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016-1024x477.png\" alt=\"usdjpy-d-26112016\" width=\"1024\" height=\"477\" /></a></strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>\r\n</ol>\r\nTRADING REVIEW:\r\n\r\nI did not trade much at all last week. When cables move hit the markets early in the week for no reason, that was the nail in the coffin not to trade last week and just observe.\r\n\r\nMy gut feeling was there should be a pullback given we had seen so many extreme moves and many currency pairs looked well overdone. We saw a bit of a correction in currencies last Friday but not much. It is equities that have no realistic valuation at these levels that are going to create the correction of all corrections in my eyes. It is stock buybacks that are fueling this rise in equities, it’s all on a promise and frankly its very dangerous in my opinion.\r\n\r\nThe FED rate rise could be the catalyst for a correction and it will be blamed by the spoilt brats on Wall Street as the reason for everyone’s 401k decline in value. In my opinion, Wall Street has itself to blame 100% for everything that happens. Some of the future valuations of stocks at 25-35 times future values are untenable and frankly grossly irresponsible.\r\n\r\nI am not yet predicting a “House of Cards” situation, but we are not far off. I watched CNBC the other morning for an hour or so and frankly U.S. TV is to blame for a lot of things wrong with the markets. Bull views only…up, up and away to infinity and beyond is the only song they know. Frightening to observe and totally misleading.\r\n\r\nWith this as a backdrop I am ready to keep shorting the commodity currencies which will suffer the most from any equity correction. As usual if the U.S. catches a cold the rest of the world gets influenza.\r\n\r\nMy longer-term views haven’t altered much at all.\r\n\r\nLooking towards the end of this year, it is my intention to have POSITION trades established to carry forward into 2017.\r\n\r\n&nbsp;\r\n\r\nTRADING STYLES and RISK POSITION SIZING for 2017:\r\n\r\nI have been working on these last week and I will re-launch these at the beginning of 2017. There are changes planned which will give greater clarity; at least that’s the goal!\r\n\r\nAs I mentioned last week, it is working on the CORE POSITIONS which was relatively new to the PREMIUM SERVICE in 2016, which will be my focus. From my own perspective, I am going to “Lump” all POSITION trades into one broker next year. I will be using “SELL STOP” trades more frequently as I have been testing what I call MOMENTUM TRADING and I see these as ideal alternative entries to POSITION TRADES.\r\n\r\nIt works with POSITION TRADES primarily because the trade can go 50 pips against you and it should not affect the STOP LOSS as these will be based moving forward on a combination of the weekly and monthly ATR (Average True Range).\r\n\r\n&nbsp;\r\n\r\nPART-TIME TRADERS 2017:\r\n\r\nI have a growing number mainly out east…. As the crow flies from Canada. Most of you will NOT use twitter so I am very conscious about that and I have a letter for distribution, in the next week or so with my proposals for trading in 2017.\r\n\r\nSuffice to say I want to grow on the success from 2016 but we all need to look at the limitations on time that I have available.\r\n\r\n&nbsp;\r\n\r\nMoving on to my CORE TRADES: -\r\n<ol>\r\n 	<li>AUD/NZD: – Frustrating as it is I am still a believer. I will continue to add on pullbacks and lift off 50 -100 pip gains as they become available.</li>\r\n 	<li>NZD/USD: – I have started to build, and I will be adding again into the end of the year.</li>\r\n 	<li>I am looking to establish AUD/USD, USD/CAD and USD/CHF core positions before the end of the year.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nPERISCOPE (UPDATE):\r\n\r\nI must give time to this. I have been diverted away from my desk quite a bit of late.\r\n\r\nPERISCOPE PROPOSAL - My proposal is initially to do a 30-minute presentation on a Monday afternoon my time about 2PM EST. I can be totally flexible with this time. If anyone wants to have a PERISCOPE session and this time is difficult please advise so I can review.\r\n\r\n<strong> </strong>\r\n\r\n<strong>TRADES REVIEW:</strong>\r\n\r\nThe excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -\r\n\r\n<u><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-26112016.png\"><img class=\"aligncenter size-large wp-image-8691\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIVE-TRADES-26112016-754x1024.png\" alt=\"live-trades-26112016\" width=\"754\" height=\"1024\" /></a></u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-26112016.png\"><img class=\"aligncenter size-large wp-image-8690\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/LIMIT-ORDERS-26112016-715x1024.png\" alt=\"limit-orders-26112016\" width=\"715\" height=\"1024\" /></a>\r\n\r\n<u> </u>\r\n<ol start=\"6\">\r\n 	<li><strong> MY CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nThis is a big week on data and geopolitical news events.\r\n\r\nEven though the blog is finished for 2016 my trading is not and I fully expect to trade through to at least the FOMC interest rate decision.\r\n\r\nMy personal goal with trading through to the year end is to build up core positions for 2017 based upon my FUNDAMENTAL thoughts and views.\r\n\r\nI am expecting equities to pullback, what has gone on since the TRUMP victory makes no sense, and whilst there is always the approach of the market is the market work with it, and I fully get that, the recent moves are just a typical market move ready to leave all the retail traders hanging out there to dry at the highs after they get suckered in.\r\n\r\nThe Forex market is well over done and the fact that every analysts wrongly predicted the effect of a TRUMP victory, they can all stick their revised predictions where the sun doesn\'t shine.\r\n\r\nAs a trader, you have get hold of the reality that you are on your own. No-one gives a shit whether you live or die by this market. The markets are unforgiving. It is NOT a level playing field, the institutions drive the markets and majority of the pundits / analysts / so-called experts on TV have what is called “NO SKIN IN THE GAME”. Bear this in mind when you see or hear that Goldman or Barclays says something. They sell their own books. It is 99.99999999999% of the time an opinion based on what trades they have in place.\r\n\r\nIf these banks that provide analysis were so good they would be shouting their successes from the rooftops every day. They are not. In fact, if the truth be told, the majority of the major FX banks, have been found guilty of falsifying data and God knows what else over the past 12-18 months. They have been caught out trying to manipulate the market. This has affected them so much they are pulling back from FX now that they are losing their advantages to manipulate the market.\r\n\r\nAs we enter the silly season of lower volumes and less liquidity bear in mind you are on your own. If you are a PREMIUM SERVICE subscriber you have me as a sounding board but I am not blessed with ability to read the future.\r\n\r\nAll I can tell you is take care and do not be a sucker by being influenced by a bank opinion. If they get something right once it is not the second coming… it is at best a 50-50 bet made by someone who could not give a crap as he or she is not a trader.\r\n\r\nSo once again, in my opinion, the sword of Damocles STILL hangs over the markets.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/\r\n</a>BLOG VERSION: #121 PREMIUM SERVICE\r\nDATE: 26<sup>th</sup> November 2016.','EUROZONE IMPLOSION 2017?','','inherit','closed','closed','','8706-revision-v1','','','2016-11-26 15:04:15','2016-11-26 20:04:15','',8706,'http://weeklyfxdrivethru.com/8706-revision-v1/',0,'revision','',0),(8709,1,'2016-11-26 15:42:19','2016-11-26 20:42:19','<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nI never traded last week. From the get go I decided to err on the side of caution. Moves in the DXY continued just about higher overall with some profit taking coming through. At times, there were moves for no apparent reason other than probably a large order being placed that made a few waves, I decided for once just to stick to my guns and step aside. Basically, I just managed a couple of trades and closed with a few pips here and there.\r\n\r\nI am still very suspect of the knee-jerk reaction moves in the markets since THE TRUMP election victory. The FED has cemented in some of the move and now we face a period of about 9 months when the EUROZONE will, in my opinion dominate the forex moves.\r\n\r\nOn Black Friday, we started to see some pullbacks in the dollar index, but it’s not consistent across the board. The EUR still trades heavy in my opinion and this move supports the inverse relationship move with the USD/CHF. It is the commodity currencies that always attract my eye. I still firmly believe commodities always lead the markets in one shape or another and the rest of the markets follow. It therefore stands to reason that moves in the AUD, NZD, CAD and NOK are uppermost on my mind plus the SEK as the USD/SEK is so sensitive to general forex moves.\r\n\r\nThe spanner in the works at the moment is the JPY. After the EUR/USD, the USD/JPY is the second most traded currency pair with the EUR/JPY not too far behind. The JPY can drive the DXY and sway the forex market easier now than a couple of years ago due to less corporate and institutional players, basically less volume and much less liquidity especially in Asia where it dominates the proceedings. So, as a result, the moves in the DXY are not always what they seem at first glance, as always, forex moves require more homework to try and “get a handle” on why and what, to give us traders the now common response to some unexplained moves…WTF!\r\n\r\nTherefore, rather than trade an across the board USD weakness, look carefully as it could be sporadic. Whilst the EUR dominates the DXY weighted index, we may have to pick our way through currency pairs rather than take a general overview to give us the confirmation placing trades.\r\n\r\nWe will have a pullback of the recent moves. However, some will be shallower than others as the geopolitical news will still dominate within the pullback.\r\n\r\nBack on point…\r\n\r\nWhat I am saying is keep up your guard; CASH IS A POSITION never forget this no matter what you trade. I always end my blog each week with the following: -\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><em>“As usual…</em></strong></span></p>\r\n<p style=\"text-align: center;\"><strong><em><span style=\"color: #0000ff;\">Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility”.</span> </em></strong></p>\r\nI mean this; I am here for the long haul.\r\n\r\nI set myself achievable and reasonable targets per annum of 10,000 pips. I trade for basically 10 months a year. Since 2013 when I adjusted my approach and revised everything I have achieved my objective. It’s hard, it’s certainly not easy, I trade what the market gives and, for the most time I wait for the trades to come to me. I have MY PLAN and I TRADE MY PLAN.\r\n\r\nMoving on…\r\n\r\nHere we are once again with the final blog of a trading year, after today, I return in 2017 on January 8<sup>th</sup>.\r\n\r\nFor PREMIUM SERVICE subscribers, I will trade through to the FOMC in December, maybe a day or so beyond. New subscriptions that come on board between now and January 8<sup>th</sup> will not start until that date therefore there is a little bonus of “free time” for new subscribers.\r\n\r\nDon’t forget…\r\n\r\nJust a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.\r\n\r\nTo stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong>  </strong><strong> </strong>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>\r\n<p style=\"text-align: center;\">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>\r\n<p style=\"text-align: center;\">PREMIUM SERVICE subscription costs are as follows: -</p>\r\n<p style=\"text-align: center;\">CAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00\r\n\r\nI work for about 40 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.</p>\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE PERFORMANCE:</u></p>\r\n<p style=\"text-align: center;\">PRESENT AND HISTORICAL QUICK PREMIUM SERVICE STATS:\r\n\r\nTHIS MONTH SO FAR: +1,397 pips\r\nYEAR TO DATE TOTAL: +13,015 pips</p>\r\n<p style=\"text-align: center;\">NET PIPS 2015:       +10,686 pips\r\nNET PIPS 2014:       +11,209 pips</p>\r\n<p style=\"text-align: center;\">Below, for additional information, I show the net position of THE PREMIUM SERVICE performance for 2016. On my website landing page <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the heading “HISTORY &amp; PERFORMANCE” there are more reports providing more historic trading information.</p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016.png\"><img class=\"aligncenter size-large wp-image-8692\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016-944x1024.png\" alt=\"prem-serv-net-profitability-2016\" width=\"944\" height=\"1024\" /></a>\r\n\r\nPART-TIME TRADER (POSITION) TRADES:\r\n\r\nAt the end of 2015, having listened to many of my subscribers and from a market survey that I undertook, I wanted to try and address those Forex traders who would consider themselves to be a PART-TIME trader for whatever reason.\r\n\r\nPART-TIME FOREX TRADERS fall between a rock and a hard place.  It is very, very difficult with limited access to computers due to full-time employment or limited access to a computer due time constraints, to have a voice when trading.\r\n\r\nNow more than ever you really need to be 24 x 5 with your devices to keep on top of things.\r\n\r\nI wanted to try and find a trading solution for PART-TIME TRADERS.\r\n\r\nLet me be the first to say, my solution is not 100% perfect. You can put lipstick on a pig but it’s still a pig, if you understand me. This is not an easy fix. But I wanted to try, and to be honest, timing in Forex is everything.\r\n\r\nMy initial solution, and it is on-going, has been my savior to my trading performance this year so far, with just 6/7 weeks left to go.\r\n\r\nI introduced PART-TIME TRADER TRADES now called POSITION TRADES at the start of 2016. This trading style is based upon my FUNDAMENTAL longer-term market views. These trades are LIMIT ORDER entry trades with very wide stops based on ATR (Average True Range) limits, mostly weekly limits, but sometimes monthly limits, using Fibonacci levels and trend lines to set stops and limits.\r\n\r\nThey have been, due to the way that the Forex market has been held to ransom inside tight trading ranges for most of the year, creating very choppy market conditions very successful.\r\n\r\nI am NOT saying that these trades and the way I trade them because I still have to assess trades all the time and close off trades early etc.… are the “B all and end all” holy grail for PART-TIME TRADERS but they are a step in the right direction.\r\n\r\nThese trades also suit FULL-TIME traders who want to take a longer-term perspective.\r\n\r\nHow successful have they been?\r\n\r\nHow do I measure their success?\r\n\r\nVery simply, when launching these trades, a year ago I created a page on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> called PART TIME FOREX TRADERS it is part of my drop down menu at the top of my landing page.\r\n\r\nI tried my best to define my target audience and I posted a cash flow projection, it is still there today and I have subsequently added quarterly reviews during the year.\r\n\r\nBelow is the initial cash flow projection that was posted the first week of January 2016.\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8627\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016-818x1024.png\" alt=\"pos-trade-proj-2016\" width=\"818\" height=\"1024\" /></a>\r\n\r\nI am not going to spend a great deal of time on this. Basically for the purpose of this section of the DRIVE THRU blog will focus solely on MINI LOT traders.\r\n\r\nMy suggestion on day 1, was to open a broker account with USD$7,500. At the end of the year based only on single lot trades after costs to trade and my PREMIUM SERVICE annual subscription my goal was to grow the broker account from USD$7,500 to $15,052.50 by the end of 2016.\r\n\r\n<strong><u>That would be to double your initial investment after ALL costs were taken into consideration</u></strong><strong> </strong>\r\n\r\nHow have I faired with this quest?\r\n\r\nBelow is the latest spreadsheet update post I made to my website on the 31<sup>st</sup> October 2016. On my website <a href=\"http://www.weeklyfxdivethru.com\">www.weeklyfxdivethru.com</a> landing page under the heading “PART TIME FOREX TRADERS” all my updates throughout 2016 can be found together with more information and background to these trade set ups.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3.png\"><img class=\"aligncenter size-large wp-image-8630\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3-1024x806.png\" alt=\"pos-proj-2016-q3\" width=\"1024\" height=\"806\" /></a>\r\n\r\nAt the end of last month, the cumulative position now shows that the original account with USD$7,500 now stands at net USD$13,868.00.\r\n\r\nThere is just under USD$1,200 in income left to achieve (1,200 pips over the months of November and December). It is a tall order.\r\n\r\nWhat about my macro thoughts on the performance of the POSITION TRADES?\r\n\r\nMy thoughts are very straightforward: -\r\n<ol>\r\n 	<li>This (2016) has been an extremely difficult year to trade in.</li>\r\n 	<li>My approach to trading this year has been almost a 180 degree turn on 2015 trading.</li>\r\n 	<li>Features and factors that prompted me to start this trading style, namely central bank diversification never became as big of an issue as I thought it would have been. I had to re-focus and adapt the POSITION trade set ups to compensate for this.</li>\r\n 	<li>This review of style, manifested itself in the facts that my projection was for just 90 trades in the year. So far I have completed 146 trades (more than 50% more than anticipated). My profits per trade are less and my losses per trade are well under projection.</li>\r\n 	<li>I am, given the above points 1-4, delighted to have achieved this performance so far.</li>\r\n 	<li>Have I delivered what I set out for PART-TIME traders? Not 100%. I have delivered profits but the timings for closing of trades is still an issue. I cannot let losses grow or profits diminish due to a trading style. I have to 100% trade the price action in the market as I see it.</li>\r\n 	<li>What about 2017?\r\n\r\nI will continue this trading style next year, but I will review my other trading styles. It is impossible to predict what type of a trading year 2017 will be, apart from the fact it contains 365 days and that there will always be a forex market every day the market is open.</li>\r\n</ol>\r\nIf you would like additional supporting data or detail about the performance and the tabs on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><strong> LOOKING BACKWARDS: THE FX MARKET PLACE</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\nAlthough I was really “not playing” last week, my eyes and ears were open watching and reading. Two pieces from last week resonated with me and although they were raised last week they are news items that will remain with us for months moving forward.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE (ECB FINANCIAL STABILITY REPORT) </strong>\r\n<strong> and </strong>\r\n<strong> TONY BLAIR on BREXIT:</strong></p>\r\n<p style=\"text-align: center;\"><strong>EUROZONE IMPLOSION 2017?</strong></p>\r\nThese reports over the past couple of years have tended to come and go with little more than a cursory glance. I must be “old school” I still believe that the data supplied to the markets by Central Banks actually mean something despite the personalities involved. I know I am the first to call various Central Bank governors, Muppets, JCB Drivers, numpties etc. However, we should try to understand, what the messages are that they are trying to deliver, sometimes with a hidden agenda, or, a clouded delivery.\r\n\r\nFrom my perspective, there is not another Central Bank President on the planet with as difficult a job as Mario Draghi so to hear and read what the views are from the EUROZONE should be read with greater seriousness as these views represent 50% of the most traded currency pair in the forex market.\r\n\r\nLong time readers / subscribers will be aware that I see the EUROZONE as a failed project doomed to failure. Despite everything like a prehistoric dinosaur, it labours inefficiently forward from catastrophe to catastrophe and set back after setback kicking more cans down the road than could fit in a re-cycling plant… it’s still here as Jim Kerr would sing “ALIVE and KICKING”, and only God knows how and why!\r\n\r\nBack to the report…\r\n\r\nHardly surprising given what the EUROZONE must battle through in the next 7-8 months it sees both political and financial RISKS on the horizon.\r\n\r\nKEY EUROZONE AGENDA ITEMS ON THE HORIZON:\r\n\r\n2016:\r\n<ol>\r\n 	<li>NOVEMBER 27<sup>th</sup>: - FRANCE: Second round vote Republican Presidential election.</li>\r\n 	<li>DECEMBER 1<sup>st</sup>: - FRANCE: Socialist primaries for Presidential election.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - AUSTRIA: Presidential Election re-run.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - ITALY: Referendum on Constitutional Reforms.</li>\r\n 	<li>DECEMBER 5<sup>th</sup>: - GREECE: Deadline day for stakeholders of GREEK DEBT to agree debt relief measures.</li>\r\n 	<li>DECEMBER 15<sup>th</sup>: - FRANCE: Socialist primaries closed.</li>\r\n 	<li>DECEMBER 31<sup>st</sup>: - GREECE: IMF to decide on involvement in GREEK third bailout.</li>\r\n</ol>\r\n2017:\r\n<ol start=\"8\">\r\n 	<li>JANUARY 29<sup>th</sup>: - FRANCE: Socialist Primary Elections.</li>\r\n 	<li>FEBRUARY 12<sup>th</sup>: - GERMANY: Presidential Elections.</li>\r\n 	<li>MARCH 15<sup>th</sup>: - HOLLAND: Parliamentary Elections.</li>\r\n 	<li>MARCH 26<sup>th</sup>: - GERMANY: Regional Elections.</li>\r\n 	<li>APRIL 23<sup>rd</sup>: - FRANCE: Presidential Elections.</li>\r\n 	<li>JUNE 18<sup>th</sup>: - FRANCE: General Elections.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nWhilst one could say the ECB presentation appeared downbeat to some extent given the list 1-13 above I would say that a “WTF” discussion took place in Frankfurt and a play it all down approach was deemed to be the correct path to adopt.\r\n\r\nMatteo Renzi has placed his political career on the line with the Italian referendum, should the people vote NO he will resign if he is as good as his word.\r\n\r\nWould this place the EUROZONE in panic mode?\r\n\r\nIn my opinion, if not aired publicly, then definitely behind closed doors. Why?\r\n\r\nIn my opinion at the moment, with elections / referendums the questions being asked are practically irrelevant. It’s all about an anti-establishment vote.  For years, due to voter apathy with career “in it for themselves” politicians, turn out at all forms of elections around the world have been declining.\r\n\r\nThe BREXIT vote was a game changer. The populist vote was back making headlines.\r\n\r\nThen we had TRUMP. The circus ended with an extra-ordinary result with all the polls wrong. People lie to these organisations. Your vote is private to you and it’s high time the likes of CNN grabbed this concept. Believe it or not for Non-North Americans reading this blog CNN are in denial no changes in approach to programming… is it any wonder.\r\n\r\nTake a look at what is lurking in the EUROZONE… more importantly NOT IN THE SHADOWS: -\r\n<ul>\r\n 	<li>AUSTRIA – THE FREEDOM PARTY</li>\r\n 	<li>BELGIUM – VLAAMS BELANG</li>\r\n 	<li>DENMARK – DANISH PEOPLE’S PARTY</li>\r\n 	<li>FINLAND – FINNS PARTY</li>\r\n 	<li>FRANCE – FRONT NATIONAL</li>\r\n 	<li>GERMANY – ALTERNATIVE FUR DEUTSCHLAND</li>\r\n 	<li>GREECE – COALITION FOR THE RADICAL LEFT</li>\r\n 	<li>ITALY – THE 5 STAR MOVEMENT &amp; LEGA NORD</li>\r\n 	<li>HOLLAND – PARTY FOR FREEDOM</li>\r\n 	<li>SPAIN – PODERMOS</li>\r\n 	<li>SWEDEN – SWEDISH DEMOCRATS</li>\r\n</ul>\r\nThese parties are either FAR LEFT or FAR RIGHT but they are no longer considered FAR OUT.\r\n\r\nJune 23<sup>rd</sup> in the UK was game changer. TRUMP was sensational given the way the US people are usually governed by fear. The vote to elect TRUMP was incredible and a raised finger to DC. Whether TRUMP can effect change the way he predicted in the campaign remains to be seen.\r\n\r\nBack in the EUROZONE we are once again at the precipice and I do not think that cans, can be kicked anymore.\r\n\r\nThe policy of one size fits all, 19 into 1 will be shown up for what it is in 2017, especially if the populist vote gathers momentum.\r\n\r\nMario Draghi is widely rumoured to announce an extension of the ECB QE (Quantitative Easing) program in December. It remains to be seen what effect the Italian vote, if a no, will have on what he announces. Most analysts are expecting a time frame extension through to September 2017 from the present deadline of March 2017 and a view on potential tapering of the existing buying program. It could all be up in the air.\r\n\r\nThe ECB report talked about the Italian referendum, the bust voting calendar into the end of 2016 and the first half of 2017. BREXIT was briefly mentioned and as we all strongly suspect; BREXIT will drag on and on. I am still doubtful it will ever happen. I see a second vote. I am not certain how it will manifest itself, however should the EUROZONE implode it could all be a complete waste of time anyway.\r\n\r\nThe ECB also mentioned uncertainty surrounding TRUMP. The rising U.S. debt and TRUMPS focus on domestic issues rather than international may cause ripples around world markets. More like fecking Tsunamis in my opinion but there you go.\r\n\r\nI think having read the report twice now it would be fair to say that political concerns worry the ECB more than economical…. My, my, my, how times have changed.\r\n\r\nMoving to BREXIT and Tony Blair…\r\n\r\nPoor Tony Blair, completely taken for a fool by George W. Bush over WMD. Never believe what intelligence tells you, those guys are fueled by, the shoot first ask questions later brain cells.\r\n\r\nOur Tone now takes the view that democracy is a load of shite. The people have voted in a simple majority vote to leave the EUROPEAN UNION. Tony now says “feck that” we shouldn\'t leave and I know better than you. (This is why we have the populist vote growing by the way). The same thing happened in the U.S. election Mitt Romney called voters basically, idiots if they voted for TRUMP, he told them to vote the way I tell you, I know better and I know much more than you do… hence TRUMP. There is a pattern, career politicians’ days are numbered.\r\n\r\nBack to my point…\r\n\r\nTony could be right, legally there is a case that says until the supreme court rules that the vote was NOT legally binding. In the name of sanity though, who is going to say it was NOT a democratic vote.\r\n\r\nTheresa May, UK Prime Minister has said she will respect the wishes of the electorate and trigger article 50 of the Lisbon Treaty before 31<sup>st</sup> March 2017.\r\n\r\nHad the economic performance and the uncertainty of the UK following the BREXIT vote been dire, I could see a second referendum (not unheard of in Europe, both IRELAND &amp; HOLLAND were given second chances in the past to “get it right!!!!”).\r\n\r\nThe UK however, did not shut down. There are issues and most of them are due to uncertainty.\r\n\r\nWould the UK public welcome a second referendum?\r\n\r\nPersonally, I think that given the fact the political opposition in the UK is such poor shape, Theresa May should call a snap election to proceed with the BREXIT, this would probably give her an increased majority in the HOUSE of Commons and a clear mandate to get on with it.\r\n\r\nThere are issues to address with the Scottish, Welsh and Northern Ireland parliaments, who all wanted to REMAIN in the EUROPEAN UNION, as did the voters in LONDON.\r\n\r\nHowever, I go full circle. Many voters feel left out hence the rise of the “anti-vote”.\r\n\r\nThe BREXIT story still has legs, and long ones they are, left to run. It would be political suicide to go against a democratic vote and whilst there are millions who want another vote, I am not sure whether this is a good thing or bad thing. If my thoughts on the EUROZONE come through it’s all a non-event anyway. The EUROZONE has a habit of surviving anything that is thrown at it. 2017 could be the year it doesn\'t survive, or it becomes so dysfunctional a CONTAGION EFFECT of wanting out takes hold and it break ups in a few years. That makes the BREXIT vote and the trigger of article 50 irrelevant.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong> LOOKING FORWARDS:</strong><strong> </strong></li>\r\n</ol>\r\n<strong>THIS WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB) speaks.\r\nMONDAY: CAD – Stephen Poloz (BOC) speaks.\r\n\r\nTUESDAY: USD – GDP and Consumer Confidence.\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Graeme Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – Bank Stress Test Results.\r\nWEDNESDAY: OPEC Production Cut Meeting.\r\nWEDNESDAY: EUR – Mario Draghi (ECB) speaks.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Data.\r\nWEDNESDAY: CAD – GDP.\r\nWEDNESDAY: AUD – Private Capital Expenditure.\r\nWEDNESDAY: CNY – Manufacturing PMi.\r\n\r\nTHURSDAY: GBP – Manufacturing PMi.\r\nTHURSDAY: USD – ISM Manufacturing PMi.\r\nTHURSDAY: AUD – Retail Sales.\r\n\r\nFRIDAY: GBP – Construction PMi.\r\nFRIDAY: CAD – Jobs Data and Unemployment Rate.\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rate.\r\n\r\nAfter the short week just completed we are back with a bang this week with a plethora of economic data releases.\r\n\r\nObviously NFP on Friday is the jewel in the crown and if its a beat or even in line it will be the confirming data, should it be required, to see U.S. interest rates increase in December. Frankly, if rates do not rise in December, God help the USD and God help Janet Yellen she would be the first victim of a non-reality “You’re fired” by Donald Trump.\r\n\r\nWe have the long-awaited OPEC production cut announcement this week. Up to now the OPEC members have been producing like crazy to show a cut-back to probably the average production levels. This is nonsense. OPEC has no importance anymore in my opinion. It is now simply a collection of countries with a commodity in decline. Only the hedge fund gamblers of this world play the oil trade in quantity and frankly as the OPEC reliability gets less and less a few big hedge fund losses will end that speculative market and OPEC will be no more.\r\n\r\nFor now, we have a Christmas laugh and giggle on the horizon. This is a classic buy the rumour sell the news event. Take it seriously for 24 hours, if that, and then watch the selloff.\r\n\r\nThe UK bank stress tests will be interesting to watch. Over the recent months the government has been selling stakes in the banks it supported at the time of the Financial Crash back in 2008-2009 so I doubt that this would not be done unless the BOE tipped them the nod.\r\n\r\nSeveral PMi’s on the table this week. China will be interesting to follow. The market is expecting a small pullback but still a consolidation above 50.0 which is important moving forward.\r\n\r\nI think my message is that with the Forex markets prime for a pullback at any time, albeit across selective currencies, be careful with getting in too heavy especially in a week that contains U.S. non-farm payrolls.\r\n\r\n<u>THIS COMING WEEK - THE USD MAJORS (MY THOUGHTS): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.0590\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8700\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016-1024x477.png\" alt=\"eurusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.2473\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8701\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016-1024x477.png\" alt=\"gbpusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7438\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8699\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016-1024x477.png\" alt=\"audusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.7041\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8702\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016-1024x477.png\" alt=\"nzdusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.3513\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8703\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016-1024x477.png\" alt=\"usdcad-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 1.0131\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8704\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016-1024x477.png\" alt=\"usdchf-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 113.16\r\n\r\n<strong><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8705\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016-1024x477.png\" alt=\"usdjpy-d-26112016\" width=\"1024\" height=\"477\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>\r\n</ol>\r\n<ol start=\"6\">\r\n 	<li><strong> MY CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nThis is a big week on data and geopolitical news events.\r\n\r\nEven though the blog is finished for 2016 my trading is not and I fully expect to trade through to at least the FOMC interest rate decision.\r\n\r\nMy personal goal with trading through to the year end is to build up core positions for 2017 based upon my FUNDAMENTAL thoughts and views.\r\n\r\nI am expecting equities to pullback, what has gone on since the TRUMP victory makes no sense, and whilst there is always the approach of the market is the market work with it, and I fully get that, the recent moves are just a typical market move ready to leave all the retail traders hanging out there to dry at the highs after they get suckered in.\r\n\r\nThe Forex market is well over done and the fact that every analyst wrongly predicted the effect of a TRUMP victory, they can all stick their revised predictions where the sun doesn\'t shine.\r\n\r\nAs a trader, you have get hold of the reality that you are on your own. No-one gives a shit whether you live or die by this market. The markets are unforgiving. It is NOT a level playing field, the institutions drive the markets and majority of the pundits / analysts / so-called experts on TV have what is called “NO SKIN IN THE GAME”. Bear this in mind when you see or hear that Goldman or Barclays says something. They sell their own books. It is 99.99999999999% of the time an opinion based on what trades they have in place.\r\n\r\nIf these banks that provide analysis were so good they would be shouting their successes from the rooftops every day. They are not. In fact, if the truth be told, the majority of the major FX banks, have been found guilty of falsifying data and God knows what else over the past 12-18 months. They have been caught out trying to manipulate the market. This has affected them so much they are pulling back from FX now that they are losing their advantages to manipulate the market.\r\n\r\nAs we enter the silly season of lower volumes and less liquidity bear in mind you are on your own. If you are a PREMIUM SERVICE subscriber you have me as a sounding board but I am not blessed with ability to read the future.\r\n\r\nAll I can tell you is take care and do not be a sucker by being influenced by a bank opinion. If they get something right once it is not the second coming… it is at best a 50-50 bet made by someone who could not give a crap as he or she is not a trader.\r\n\r\nSo once again, in my opinion, the sword of Damocles STILL hangs over the markets.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/\r\n</a>BLOG VERSION: #224 FREE NEWSLETTER\r\nDATE: 26<sup>th</sup> November 2016.','EUROZONE IMPLOSION 2017?','','publish','open','closed','','eurozone-implosion-2017','','','2016-11-26 15:42:19','2016-11-26 20:42:19','',0,'http://weeklyfxdrivethru.com/?p=8709',0,'post','',0),(8710,1,'2016-11-26 15:42:19','2016-11-26 20:42:19','<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nI never traded last week. From the get go I decided to err on the side of caution. Moves in the DXY continued just about higher overall with some profit taking coming through. At times, there were moves for no apparent reason other than probably a large order being placed that made a few waves, I decided for once just to stick to my guns and step aside. Basically, I just managed a couple of trades and closed with a few pips here and there.\r\n\r\nI am still very suspect of the knee-jerk reaction moves in the markets since THE TRUMP election victory. The FED has cemented in some of the move and now we face a period of about 9 months when the EUROZONE will, in my opinion dominate the forex moves.\r\n\r\nOn Black Friday, we started to see some pullbacks in the dollar index, but it’s not consistent across the board. The EUR still trades heavy in my opinion and this move supports the inverse relationship move with the USD/CHF. It is the commodity currencies that always attract my eye. I still firmly believe commodities always lead the markets in one shape or another and the rest of the markets follow. It therefore stands to reason that moves in the AUD, NZD, CAD and NOK are uppermost on my mind plus the SEK as the USD/SEK is so sensitive to general forex moves.\r\n\r\nThe spanner in the works at the moment is the JPY. After the EUR/USD, the USD/JPY is the second most traded currency pair with the EUR/JPY not too far behind. The JPY can drive the DXY and sway the forex market easier now than a couple of years ago due to less corporate and institutional players, basically less volume and much less liquidity especially in Asia where it dominates the proceedings. So, as a result, the moves in the DXY are not always what they seem at first glance, as always, forex moves require more homework to try and “get a handle” on why and what, to give us traders the now common response to some unexplained moves…WTF!\r\n\r\nTherefore, rather than trade an across the board USD weakness, look carefully as it could be sporadic. Whilst the EUR dominates the DXY weighted index, we may have to pick our way through currency pairs rather than take a general overview to give us the confirmation placing trades.\r\n\r\nWe will have a pullback of the recent moves. However, some will be shallower than others as the geopolitical news will still dominate within the pullback.\r\n\r\nBack on point…\r\n\r\nWhat I am saying is keep up your guard; CASH IS A POSITION never forget this no matter what you trade. I always end my blog each week with the following: -\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><em>“As usual…</em></strong></span></p>\r\n<p style=\"text-align: center;\"><strong><em><span style=\"color: #0000ff;\">Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility”.</span> </em></strong></p>\r\nI mean this; I am here for the long haul.\r\n\r\nI set myself achievable and reasonable targets per annum of 10,000 pips. I trade for basically 10 months a year. Since 2013 when I adjusted my approach and revised everything I have achieved my objective. It’s hard, it’s certainly not easy, I trade what the market gives and, for the most time I wait for the trades to come to me. I have MY PLAN and I TRADE MY PLAN.\r\n\r\nMoving on…\r\n\r\nHere we are once again with the final blog of a trading year, after today, I return in 2017 on January 8<sup>th</sup>.\r\n\r\nFor PREMIUM SERVICE subscribers, I will trade through to the FOMC in December, maybe a day or so beyond. New subscriptions that come on board between now and January 8<sup>th</sup> will not start until that date therefore there is a little bonus of “free time” for new subscribers.\r\n\r\nDon’t forget…\r\n\r\nJust a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.\r\n\r\nTo stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong>  </strong><strong> </strong>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>\r\n<p style=\"text-align: center;\">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>\r\n<p style=\"text-align: center;\">PREMIUM SERVICE subscription costs are as follows: -</p>\r\n<p style=\"text-align: center;\">CAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00\r\n\r\nI work for about 40 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.</p>\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE PERFORMANCE:</u></p>\r\n<p style=\"text-align: center;\">PRESENT AND HISTORICAL QUICK PREMIUM SERVICE STATS:\r\n\r\nTHIS MONTH SO FAR: +1,397 pips\r\nYEAR TO DATE TOTAL: +13,015 pips</p>\r\n<p style=\"text-align: center;\">NET PIPS 2015:       +10,686 pips\r\nNET PIPS 2014:       +11,209 pips</p>\r\n<p style=\"text-align: center;\">Below, for additional information, I show the net position of THE PREMIUM SERVICE performance for 2016. On my website landing page <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the heading “HISTORY &amp; PERFORMANCE” there are more reports providing more historic trading information.</p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016.png\"><img class=\"aligncenter size-large wp-image-8692\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-NET-PROFITABILITY-2016-944x1024.png\" alt=\"prem-serv-net-profitability-2016\" width=\"944\" height=\"1024\" /></a>\r\n\r\nPART-TIME TRADER (POSITION) TRADES:\r\n\r\nAt the end of 2015, having listened to many of my subscribers and from a market survey that I undertook, I wanted to try and address those Forex traders who would consider themselves to be a PART-TIME trader for whatever reason.\r\n\r\nPART-TIME FOREX TRADERS fall between a rock and a hard place.  It is very, very difficult with limited access to computers due to full-time employment or limited access to a computer due time constraints, to have a voice when trading.\r\n\r\nNow more than ever you really need to be 24 x 5 with your devices to keep on top of things.\r\n\r\nI wanted to try and find a trading solution for PART-TIME TRADERS.\r\n\r\nLet me be the first to say, my solution is not 100% perfect. You can put lipstick on a pig but it’s still a pig, if you understand me. This is not an easy fix. But I wanted to try, and to be honest, timing in Forex is everything.\r\n\r\nMy initial solution, and it is on-going, has been my savior to my trading performance this year so far, with just 6/7 weeks left to go.\r\n\r\nI introduced PART-TIME TRADER TRADES now called POSITION TRADES at the start of 2016. This trading style is based upon my FUNDAMENTAL longer-term market views. These trades are LIMIT ORDER entry trades with very wide stops based on ATR (Average True Range) limits, mostly weekly limits, but sometimes monthly limits, using Fibonacci levels and trend lines to set stops and limits.\r\n\r\nThey have been, due to the way that the Forex market has been held to ransom inside tight trading ranges for most of the year, creating very choppy market conditions very successful.\r\n\r\nI am NOT saying that these trades and the way I trade them because I still have to assess trades all the time and close off trades early etc.… are the “B all and end all” holy grail for PART-TIME TRADERS but they are a step in the right direction.\r\n\r\nThese trades also suit FULL-TIME traders who want to take a longer-term perspective.\r\n\r\nHow successful have they been?\r\n\r\nHow do I measure their success?\r\n\r\nVery simply, when launching these trades, a year ago I created a page on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> called PART TIME FOREX TRADERS it is part of my drop down menu at the top of my landing page.\r\n\r\nI tried my best to define my target audience and I posted a cash flow projection, it is still there today and I have subsequently added quarterly reviews during the year.\r\n\r\nBelow is the initial cash flow projection that was posted the first week of January 2016.\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8627\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-TRADE-PROJ-2016-818x1024.png\" alt=\"pos-trade-proj-2016\" width=\"818\" height=\"1024\" /></a>\r\n\r\nI am not going to spend a great deal of time on this. Basically for the purpose of this section of the DRIVE THRU blog will focus solely on MINI LOT traders.\r\n\r\nMy suggestion on day 1, was to open a broker account with USD$7,500. At the end of the year based only on single lot trades after costs to trade and my PREMIUM SERVICE annual subscription my goal was to grow the broker account from USD$7,500 to $15,052.50 by the end of 2016.\r\n\r\n<strong><u>That would be to double your initial investment after ALL costs were taken into consideration</u></strong><strong> </strong>\r\n\r\nHow have I faired with this quest?\r\n\r\nBelow is the latest spreadsheet update post I made to my website on the 31<sup>st</sup> October 2016. On my website <a href=\"http://www.weeklyfxdivethru.com\">www.weeklyfxdivethru.com</a> landing page under the heading “PART TIME FOREX TRADERS” all my updates throughout 2016 can be found together with more information and background to these trade set ups.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3.png\"><img class=\"aligncenter size-large wp-image-8630\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-PROJ-2016-Q3-1024x806.png\" alt=\"pos-proj-2016-q3\" width=\"1024\" height=\"806\" /></a>\r\n\r\nAt the end of last month, the cumulative position now shows that the original account with USD$7,500 now stands at net USD$13,868.00.\r\n\r\nThere is just under USD$1,200 in income left to achieve (1,200 pips over the months of November and December). It is a tall order.\r\n\r\nWhat about my macro thoughts on the performance of the POSITION TRADES?\r\n\r\nMy thoughts are very straightforward: -\r\n<ol>\r\n 	<li>This (2016) has been an extremely difficult year to trade in.</li>\r\n 	<li>My approach to trading this year has been almost a 180 degree turn on 2015 trading.</li>\r\n 	<li>Features and factors that prompted me to start this trading style, namely central bank diversification never became as big of an issue as I thought it would have been. I had to re-focus and adapt the POSITION trade set ups to compensate for this.</li>\r\n 	<li>This review of style, manifested itself in the facts that my projection was for just 90 trades in the year. So far I have completed 146 trades (more than 50% more than anticipated). My profits per trade are less and my losses per trade are well under projection.</li>\r\n 	<li>I am, given the above points 1-4, delighted to have achieved this performance so far.</li>\r\n 	<li>Have I delivered what I set out for PART-TIME traders? Not 100%. I have delivered profits but the timings for closing of trades is still an issue. I cannot let losses grow or profits diminish due to a trading style. I have to 100% trade the price action in the market as I see it.</li>\r\n 	<li>What about 2017?\r\n\r\nI will continue this trading style next year, but I will review my other trading styles. It is impossible to predict what type of a trading year 2017 will be, apart from the fact it contains 365 days and that there will always be a forex market every day the market is open.</li>\r\n</ol>\r\nIf you would like additional supporting data or detail about the performance and the tabs on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><strong> LOOKING BACKWARDS: THE FX MARKET PLACE</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\nAlthough I was really “not playing” last week, my eyes and ears were open watching and reading. Two pieces from last week resonated with me and although they were raised last week they are news items that will remain with us for months moving forward.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE (ECB FINANCIAL STABILITY REPORT) </strong>\r\n<strong> and </strong>\r\n<strong> TONY BLAIR on BREXIT:</strong></p>\r\n<p style=\"text-align: center;\"><strong>EUROZONE IMPLOSION 2017?</strong></p>\r\nThese reports over the past couple of years have tended to come and go with little more than a cursory glance. I must be “old school” I still believe that the data supplied to the markets by Central Banks actually mean something despite the personalities involved. I know I am the first to call various Central Bank governors, Muppets, JCB Drivers, numpties etc. However, we should try to understand, what the messages are that they are trying to deliver, sometimes with a hidden agenda, or, a clouded delivery.\r\n\r\nFrom my perspective, there is not another Central Bank President on the planet with as difficult a job as Mario Draghi so to hear and read what the views are from the EUROZONE should be read with greater seriousness as these views represent 50% of the most traded currency pair in the forex market.\r\n\r\nLong time readers / subscribers will be aware that I see the EUROZONE as a failed project doomed to failure. Despite everything like a prehistoric dinosaur, it labours inefficiently forward from catastrophe to catastrophe and set back after setback kicking more cans down the road than could fit in a re-cycling plant… it’s still here as Jim Kerr would sing “ALIVE and KICKING”, and only God knows how and why!\r\n\r\nBack to the report…\r\n\r\nHardly surprising given what the EUROZONE must battle through in the next 7-8 months it sees both political and financial RISKS on the horizon.\r\n\r\nKEY EUROZONE AGENDA ITEMS ON THE HORIZON:\r\n\r\n2016:\r\n<ol>\r\n 	<li>NOVEMBER 27<sup>th</sup>: - FRANCE: Second round vote Republican Presidential election.</li>\r\n 	<li>DECEMBER 1<sup>st</sup>: - FRANCE: Socialist primaries for Presidential election.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - AUSTRIA: Presidential Election re-run.</li>\r\n 	<li>DECEMBER 4<sup>th</sup>: - ITALY: Referendum on Constitutional Reforms.</li>\r\n 	<li>DECEMBER 5<sup>th</sup>: - GREECE: Deadline day for stakeholders of GREEK DEBT to agree debt relief measures.</li>\r\n 	<li>DECEMBER 15<sup>th</sup>: - FRANCE: Socialist primaries closed.</li>\r\n 	<li>DECEMBER 31<sup>st</sup>: - GREECE: IMF to decide on involvement in GREEK third bailout.</li>\r\n</ol>\r\n2017:\r\n<ol start=\"8\">\r\n 	<li>JANUARY 29<sup>th</sup>: - FRANCE: Socialist Primary Elections.</li>\r\n 	<li>FEBRUARY 12<sup>th</sup>: - GERMANY: Presidential Elections.</li>\r\n 	<li>MARCH 15<sup>th</sup>: - HOLLAND: Parliamentary Elections.</li>\r\n 	<li>MARCH 26<sup>th</sup>: - GERMANY: Regional Elections.</li>\r\n 	<li>APRIL 23<sup>rd</sup>: - FRANCE: Presidential Elections.</li>\r\n 	<li>JUNE 18<sup>th</sup>: - FRANCE: General Elections.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nWhilst one could say the ECB presentation appeared downbeat to some extent given the list 1-13 above I would say that a “WTF” discussion took place in Frankfurt and a play it all down approach was deemed to be the correct path to adopt.\r\n\r\nMatteo Renzi has placed his political career on the line with the Italian referendum, should the people vote NO he will resign if he is as good as his word.\r\n\r\nWould this place the EUROZONE in panic mode?\r\n\r\nIn my opinion, if not aired publicly, then definitely behind closed doors. Why?\r\n\r\nIn my opinion at the moment, with elections / referendums the questions being asked are practically irrelevant. It’s all about an anti-establishment vote.  For years, due to voter apathy with career “in it for themselves” politicians, turn out at all forms of elections around the world have been declining.\r\n\r\nThe BREXIT vote was a game changer. The populist vote was back making headlines.\r\n\r\nThen we had TRUMP. The circus ended with an extra-ordinary result with all the polls wrong. People lie to these organisations. Your vote is private to you and it’s high time the likes of CNN grabbed this concept. Believe it or not for Non-North Americans reading this blog CNN are in denial no changes in approach to programming… is it any wonder.\r\n\r\nTake a look at what is lurking in the EUROZONE… more importantly NOT IN THE SHADOWS: -\r\n<ul>\r\n 	<li>AUSTRIA – THE FREEDOM PARTY</li>\r\n 	<li>BELGIUM – VLAAMS BELANG</li>\r\n 	<li>DENMARK – DANISH PEOPLE’S PARTY</li>\r\n 	<li>FINLAND – FINNS PARTY</li>\r\n 	<li>FRANCE – FRONT NATIONAL</li>\r\n 	<li>GERMANY – ALTERNATIVE FUR DEUTSCHLAND</li>\r\n 	<li>GREECE – COALITION FOR THE RADICAL LEFT</li>\r\n 	<li>ITALY – THE 5 STAR MOVEMENT &amp; LEGA NORD</li>\r\n 	<li>HOLLAND – PARTY FOR FREEDOM</li>\r\n 	<li>SPAIN – PODERMOS</li>\r\n 	<li>SWEDEN – SWEDISH DEMOCRATS</li>\r\n</ul>\r\nThese parties are either FAR LEFT or FAR RIGHT but they are no longer considered FAR OUT.\r\n\r\nJune 23<sup>rd</sup> in the UK was game changer. TRUMP was sensational given the way the US people are usually governed by fear. The vote to elect TRUMP was incredible and a raised finger to DC. Whether TRUMP can effect change the way he predicted in the campaign remains to be seen.\r\n\r\nBack in the EUROZONE we are once again at the precipice and I do not think that cans, can be kicked anymore.\r\n\r\nThe policy of one size fits all, 19 into 1 will be shown up for what it is in 2017, especially if the populist vote gathers momentum.\r\n\r\nMario Draghi is widely rumoured to announce an extension of the ECB QE (Quantitative Easing) program in December. It remains to be seen what effect the Italian vote, if a no, will have on what he announces. Most analysts are expecting a time frame extension through to September 2017 from the present deadline of March 2017 and a view on potential tapering of the existing buying program. It could all be up in the air.\r\n\r\nThe ECB report talked about the Italian referendum, the bust voting calendar into the end of 2016 and the first half of 2017. BREXIT was briefly mentioned and as we all strongly suspect; BREXIT will drag on and on. I am still doubtful it will ever happen. I see a second vote. I am not certain how it will manifest itself, however should the EUROZONE implode it could all be a complete waste of time anyway.\r\n\r\nThe ECB also mentioned uncertainty surrounding TRUMP. The rising U.S. debt and TRUMPS focus on domestic issues rather than international may cause ripples around world markets. More like fecking Tsunamis in my opinion but there you go.\r\n\r\nI think having read the report twice now it would be fair to say that political concerns worry the ECB more than economical…. My, my, my, how times have changed.\r\n\r\nMoving to BREXIT and Tony Blair…\r\n\r\nPoor Tony Blair, completely taken for a fool by George W. Bush over WMD. Never believe what intelligence tells you, those guys are fueled by, the shoot first ask questions later brain cells.\r\n\r\nOur Tone now takes the view that democracy is a load of shite. The people have voted in a simple majority vote to leave the EUROPEAN UNION. Tony now says “feck that” we shouldn\'t leave and I know better than you. (This is why we have the populist vote growing by the way). The same thing happened in the U.S. election Mitt Romney called voters basically, idiots if they voted for TRUMP, he told them to vote the way I tell you, I know better and I know much more than you do… hence TRUMP. There is a pattern, career politicians’ days are numbered.\r\n\r\nBack to my point…\r\n\r\nTony could be right, legally there is a case that says until the supreme court rules that the vote was NOT legally binding. In the name of sanity though, who is going to say it was NOT a democratic vote.\r\n\r\nTheresa May, UK Prime Minister has said she will respect the wishes of the electorate and trigger article 50 of the Lisbon Treaty before 31<sup>st</sup> March 2017.\r\n\r\nHad the economic performance and the uncertainty of the UK following the BREXIT vote been dire, I could see a second referendum (not unheard of in Europe, both IRELAND &amp; HOLLAND were given second chances in the past to “get it right!!!!”).\r\n\r\nThe UK however, did not shut down. There are issues and most of them are due to uncertainty.\r\n\r\nWould the UK public welcome a second referendum?\r\n\r\nPersonally, I think that given the fact the political opposition in the UK is such poor shape, Theresa May should call a snap election to proceed with the BREXIT, this would probably give her an increased majority in the HOUSE of Commons and a clear mandate to get on with it.\r\n\r\nThere are issues to address with the Scottish, Welsh and Northern Ireland parliaments, who all wanted to REMAIN in the EUROPEAN UNION, as did the voters in LONDON.\r\n\r\nHowever, I go full circle. Many voters feel left out hence the rise of the “anti-vote”.\r\n\r\nThe BREXIT story still has legs, and long ones they are, left to run. It would be political suicide to go against a democratic vote and whilst there are millions who want another vote, I am not sure whether this is a good thing or bad thing. If my thoughts on the EUROZONE come through it’s all a non-event anyway. The EUROZONE has a habit of surviving anything that is thrown at it. 2017 could be the year it doesn\'t survive, or it becomes so dysfunctional a CONTAGION EFFECT of wanting out takes hold and it break ups in a few years. That makes the BREXIT vote and the trigger of article 50 irrelevant.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong> LOOKING FORWARDS:</strong><strong> </strong></li>\r\n</ol>\r\n<strong>THIS WEEK’S FOREX and ECONOMIC NEWS – MY VIEWS:</strong>\r\n\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB) speaks.\r\nMONDAY: CAD – Stephen Poloz (BOC) speaks.\r\n\r\nTUESDAY: USD – GDP and Consumer Confidence.\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Graeme Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – Bank Stress Test Results.\r\nWEDNESDAY: OPEC Production Cut Meeting.\r\nWEDNESDAY: EUR – Mario Draghi (ECB) speaks.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Data.\r\nWEDNESDAY: CAD – GDP.\r\nWEDNESDAY: AUD – Private Capital Expenditure.\r\nWEDNESDAY: CNY – Manufacturing PMi.\r\n\r\nTHURSDAY: GBP – Manufacturing PMi.\r\nTHURSDAY: USD – ISM Manufacturing PMi.\r\nTHURSDAY: AUD – Retail Sales.\r\n\r\nFRIDAY: GBP – Construction PMi.\r\nFRIDAY: CAD – Jobs Data and Unemployment Rate.\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rate.\r\n\r\nAfter the short week just completed we are back with a bang this week with a plethora of economic data releases.\r\n\r\nObviously NFP on Friday is the jewel in the crown and if its a beat or even in line it will be the confirming data, should it be required, to see U.S. interest rates increase in December. Frankly, if rates do not rise in December, God help the USD and God help Janet Yellen she would be the first victim of a non-reality “You’re fired” by Donald Trump.\r\n\r\nWe have the long-awaited OPEC production cut announcement this week. Up to now the OPEC members have been producing like crazy to show a cut-back to probably the average production levels. This is nonsense. OPEC has no importance anymore in my opinion. It is now simply a collection of countries with a commodity in decline. Only the hedge fund gamblers of this world play the oil trade in quantity and frankly as the OPEC reliability gets less and less a few big hedge fund losses will end that speculative market and OPEC will be no more.\r\n\r\nFor now, we have a Christmas laugh and giggle on the horizon. This is a classic buy the rumour sell the news event. Take it seriously for 24 hours, if that, and then watch the selloff.\r\n\r\nThe UK bank stress tests will be interesting to watch. Over the recent months the government has been selling stakes in the banks it supported at the time of the Financial Crash back in 2008-2009 so I doubt that this would not be done unless the BOE tipped them the nod.\r\n\r\nSeveral PMi’s on the table this week. China will be interesting to follow. The market is expecting a small pullback but still a consolidation above 50.0 which is important moving forward.\r\n\r\nI think my message is that with the Forex markets prime for a pullback at any time, albeit across selective currencies, be careful with getting in too heavy especially in a week that contains U.S. non-farm payrolls.\r\n\r\n<u>THIS COMING WEEK - THE USD MAJORS (MY THOUGHTS): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.0590\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8700\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/EURUSD-D-26112016-1024x477.png\" alt=\"eurusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.2473\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8701\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/GBPUSD-D-26112016-1024x477.png\" alt=\"gbpusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7438\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8699\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/AUDUSD-D-26112016-1024x477.png\" alt=\"audusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.7041\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8702\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/NZDUSD-D-26112016-1024x477.png\" alt=\"nzdusd-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.3513\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8703\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCAD-D-26112016-1024x477.png\" alt=\"usdcad-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 1.0131\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8704\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDCHF-D-26112016-1024x477.png\" alt=\"usdchf-d-26112016\" width=\"1024\" height=\"477\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 113.16\r\n\r\n<strong><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016.png\"><img class=\"aligncenter size-large wp-image-8705\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/USDJPY-D-26112016-1024x477.png\" alt=\"usdjpy-d-26112016\" width=\"1024\" height=\"477\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>\r\n</ol>\r\n<ol start=\"6\">\r\n 	<li><strong> MY CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nThis is a big week on data and geopolitical news events.\r\n\r\nEven though the blog is finished for 2016 my trading is not and I fully expect to trade through to at least the FOMC interest rate decision.\r\n\r\nMy personal goal with trading through to the year end is to build up core positions for 2017 based upon my FUNDAMENTAL thoughts and views.\r\n\r\nI am expecting equities to pullback, what has gone on since the TRUMP victory makes no sense, and whilst there is always the approach of the market is the market work with it, and I fully get that, the recent moves are just a typical market move ready to leave all the retail traders hanging out there to dry at the highs after they get suckered in.\r\n\r\nThe Forex market is well over done and the fact that every analyst wrongly predicted the effect of a TRUMP victory, they can all stick their revised predictions where the sun doesn\'t shine.\r\n\r\nAs a trader, you have get hold of the reality that you are on your own. No-one gives a shit whether you live or die by this market. The markets are unforgiving. It is NOT a level playing field, the institutions drive the markets and majority of the pundits / analysts / so-called experts on TV have what is called “NO SKIN IN THE GAME”. Bear this in mind when you see or hear that Goldman or Barclays says something. They sell their own books. It is 99.99999999999% of the time an opinion based on what trades they have in place.\r\n\r\nIf these banks that provide analysis were so good they would be shouting their successes from the rooftops every day. They are not. In fact, if the truth be told, the majority of the major FX banks, have been found guilty of falsifying data and God knows what else over the past 12-18 months. They have been caught out trying to manipulate the market. This has affected them so much they are pulling back from FX now that they are losing their advantages to manipulate the market.\r\n\r\nAs we enter the silly season of lower volumes and less liquidity bear in mind you are on your own. If you are a PREMIUM SERVICE subscriber you have me as a sounding board but I am not blessed with ability to read the future.\r\n\r\nAll I can tell you is take care and do not be a sucker by being influenced by a bank opinion. If they get something right once it is not the second coming… it is at best a 50-50 bet made by someone who could not give a crap as he or she is not a trader.\r\n\r\nSo once again, in my opinion, the sword of Damocles STILL hangs over the markets.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/\r\n</a>BLOG VERSION: #224 FREE NEWSLETTER\r\nDATE: 26<sup>th</sup> November 2016.','EUROZONE IMPLOSION 2017?','','inherit','closed','closed','','8709-revision-v1','','','2016-11-26 15:42:19','2016-11-26 20:42:19','',8709,'http://weeklyfxdrivethru.com/8709-revision-v1/',0,'revision','',0),(8944,1,'2017-01-14 12:11:39','2017-01-14 17:11:39','&nbsp;\r\n<ol>\r\n 	<li><strong>INTRODUCTION:</strong></li>\r\n</ol>\r\nTo say that the first week back trading after the holidays was “interesting” would be the biggest understatement ever and worthy of a paragraph or two in the “Guinness Book of Records”.\r\n\r\nI have never witnessed a press conference like “THE DONALDS”, (I can’t even keep a straight face when I write President Elect) ever in my 60 years on this planet. To say that it was a circus is an insult to Chipperfields, Barnum’s and Billy Smarts, however, it was so entertaining I let trades fly way in the aftermath as I wanted to see how CNN (The fake news TV network) would react.\r\n\r\nLet me just say, I think that CNN is condescending to its viewers, trashy, badly programmed with smug presenters who think they know everything about everyone and every subject in the world. Frankly it is NOT a news channel, it lost that classification months ago when it gave up news in favour of the nightly 8 around the table lets shout at and across each other broadcast. These people were alleged well informed guests and mostly “paid contributors” brought on to say what the station wanted. At times, it was a toss-up, between the comedy channel and CNN, they both made me laugh as much as each other.\r\n\r\nI firmly believe the career politicians on the hill who are blockages to reform, will be called out the same way that CNN was last Wednesday. TRUMP could not give a shit. He has his agenda. He will work it and like Mr. Magoo he will boldly walk forward never looking back to see the chaos and disorder left behind him. Get used to it. This is the way that things are going to be. Expect the unexpected. CNN look like they are screwed moving forwards as far as THE DONALD is concerned and in a very rushed, one could say childish response they released a press statement denying all charges.\r\n\r\nIn the run up to the election the “experts” on CNN had a real go at TRUMP, for what may be good reason, but the “He’s just not doing it the right way” approach and consistent message was way off point. They missed the feelings of the voters just like the Democrats and were completely perplexed by the election result.\r\n\r\nAll this stuff in the US about the popular vote is sour grapes and frankly is energy that could be put to better use. In an election that is NOT based upon proportional representation, it happens lots of times that the winner may not have the popular vote as well. Suck it up and move on. The only solution is electoral reform, and if you go down the route of proportional representation, you end up with coalitions that are usually weak and bugger all that was proposed and mandated never gets done.\r\n\r\nSo…. welcome 2017... not just a new year but a new way.\r\n\r\nI had EUR/USD and USD/CHF long term trades open during the press conference. They are long, long-term trades. They were up and down, up and down like a hooker’s knickers. Small positions based on POSITION STYLE trades off the monthly ATR so they do not worry me, but the volatility was huge…”bigly” (as Trump would say).\r\n\r\nHere is an easy prediction for the next 4 years... more of the same!!\r\n\r\nMoving on…\r\n\r\nI did my first PERISCOPE BROADCAST last Monday, despite my microphone not working. This Monday the 16<sup>th</sup> at 5:30PM EST is PERISCOPE #2 and I am borrowing my wife’s headset, therefore the “hearing me” issues should be eradicated. If you want to hear me log into PERISCOPE, my twitter address is @pipaccumulator.\r\n\r\nFinally, <a href=\"mailto:jc*******@gmail.com\">jc*******@gmail.com</a> is the first subscriber this year to receive a FREE 10 week PREMIUM SERVICE subscription, valued at CAD$1,000.00.\r\n\r\nThis could be you. All you have to do to be a winner of the monthly draw is to register to receive this blog via email by signing up for the FREE NEWSLETTER on my welcome page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> it is as simple as that.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE FX MARKET PLACE – LOOKING FORWARD:</strong></li>\r\n</ol>\r\n<strong><u>NOTE:</u></strong> This year, 2017, I am not going to look backwards in this section only forwards. News items / points of interest from the prior week will be covered in the introduction.\r\n\r\n<u>ECONOMIC DATA RELEASES:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017.png\"><img class=\"aligncenter size-large wp-image-8934\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017-1021x1024.png\" alt=\"\" width=\"1021\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>MY THOUGHTS ON THE WEEK AHEAD:</u>\r\n\r\nA lot more economic data being released this coming week.\r\n\r\nThe high spot in the FX world, will of course be the ECB Press Conference, I doubt even another attacker on Draghi could create the same effect as the “TRUMP” press conference last week. It should be a far more businesslike sedate affair with the high noteworthy comments based around either a blue tie or red tie being worn!!\r\n\r\nThe BOC press conference in Canada will be very similar to that of the RBNZ… a few of the chaps sitting around drinking coffee and biscuits hanging on every breath that Stephen Poloz the BOC Governor takes. Apart from Vancouver, high-end house prices are rampant in Canada. Measures taken in Vancouver to stop outside investors bumping up prices have worked, but all that has happened is that those investors have moved east. There is a huge bubble about to burst in the housing market and this drive a wedge like a hot knife through butter, possibly triggering recession talks.\r\n\r\nI do not expect a rate cut this week, in fact, I expect Poloz to keep a neutral position like the RBNZ and to some extent the RBA. However, beneath his comments the Canadian economy has big risks in play.\r\n\r\nI have given up on the BOC being anything other than ultra Conservative; their reaction is comparable to that of a dinosaur.\r\n\r\nUK and Australian jobs are also on the agenda and they are usually market movers. Do not forget the Dairy auction prices, I wish I could. The NZD is without doubt the most over-valued pain in the arse currency to trade…. I always feel a little better after I have written that…. that damn flightless bird!! Those of you who are PREMIUM SERVICE subscribers will know where I am coming from.\r\n\r\n<u> </u>\r\n\r\n<u>USD MAJORS – “IMMEDIATE” SUPPORT &amp; RESISTANCE with TREND:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017.png\"><img class=\"aligncenter size-large wp-image-8933\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017-1024x805.png\" alt=\"\" width=\"1024\" height=\"805\" /></a>\r\n\r\nMy trade charts for the USD majors are below. My thoughts, views and commentary is written on the charts.\r\n\r\nYou will find my charts, hopefully easy to follow. I only use Fibonacci levels, trend lines, confluence points and sometimes chart patterns to identify my high probability trades. If you have any difficulty understanding the points that I am trying to make, please do not hesitate to contact me.\r\n\r\nEUR/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8938\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8939\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8937\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017.png\"><img class=\"aligncenter size-large wp-image-8940\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8941\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8942\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8943\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n<strong>\r\n\r\n</strong>\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n 	<li><strong>THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and costs to subscribe plus the various trade styles and how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE, you will require a valid credit card.\r\n\r\n<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong>PREMIUM SERVICE – SUBSCRIBER CONTENT AREA:</strong></li>\r\n</ol>\r\n<u>TRADING REVIEW:</u>\r\n\r\nWas last week successful?\r\n\r\nOver all we made pips, so I suppose yes. However, as Vicky Pollard from Little Britain would say… “yes but, no but, yes but, no but, yes but”\r\n\r\nYes; we made a few pips but it was a swings and roundabouts week. RADAR and FUNDAMENTAL trades struggled to gain traction whilst POSITION trades took the glory.\r\n\r\nI am making money, but just about. The smaller position sized POSITION trades are generating pips but the smaller pip losses with the RADAR and FUNDAMENTAL trades are with larger trading positions therefore it is almost as if one negates the other profit wise.\r\n\r\nI have noted that during this past week I have let over 225 pips of profit disappear. It’s not as much of a “woulda kinda shoulda coulda” call, it’s just to let us all be aware that the markets, at least the FX market, is just not directional. It is a pain in the arse at the moment, as I keep telling my wife. There appears to be little conviction. I am trying to let trades develop but it is difficult on many occasions to protected say 50 pips of profit before the trade reverses back in your face.\r\n\r\nI call it frustrating and annoying. It will change though. We are in strange times where the Forex markets are having to re-balance and take stock after the huge on the back of promises moves that took place into the year-end of 2016. This period of consolidation is both normal and healthy for the market.\r\n\r\n<u> </u>\r\n\r\n<u>MOVING FORWARD:</u>\r\n\r\nThis is what I wrote last week.\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>We have the TRUMP inauguration to look forward to, followed by the fireworks, and I do not mean the ones that mostly go up into the sky.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>We will endure a period of uncertainty and bold and brash statements as the TRUMP approach will be to turn the long-established log jams in Washington upside down and inside out. I fully expect him to name and shame those who block moves. It should be interesting as voters will be able to see if their elected representative is a mover or a blocker.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>From a trading perspective, we will have uncertainty in these unchartered waters in the U.S.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>The EUROZONE, frankly a bit laughable and there will be massive uncertainty for the next 6 months. I want to try to establish some longer-term POSITION TRADES with the single currency and to some extent the USD/CHF as well, but a short-term flight to safety trade even with negative interest rates does concern me. Maybe I have some sort of vitamin deficiency or something, but I am not comfortable trading unless I have some CHF exposure to the short side (CHF).</em></span></p>\r\nI think that I have nailed both issues pretty much head on with nothing else to say.\r\n\r\n<u> </u>\r\n\r\n<u>CORE TRADES:</u>\r\n<ol>\r\n 	<li>AUD/NZD: – Frustrating as it is I am still a believer. I will continue to add on pullbacks and lift off 50 -100 pip gains as they become available. Patience is the key.</li>\r\n 	<li>I have also added the EUR/NZD to the NZD portfolio, but, I do not think that this will be a very long term addition. I expected a large move higher in this pair, for now we are trapped in a 150-pip trading range. I now have two LIVE trades plus a “BUY STOP” limit order in place. I did believe that this pair would be well in a healthy positive position by now. It looks like I will need to be patient and bide my time.</li>\r\n 	<li>NZD/USD: – I have started to build, and I will be adding again.\r\n\r\nThe RBNZ is in control, and in my opinion, this is one of the most overpriced currencies in the market at this moment in time. Central Bank divergence should play its part in having this currency revalue organically, but with most, if not all FX fundamentals, patience will be required.\r\n\r\nChina does concern me. I believe the GDT auctions will be more NZD negative this year as the China family birth control factors will kick in stronger.\r\n\r\nThe TRUMP factor on China may help my longer-term views?</li>\r\n 	<li>AUD/USD: - Started to add positions. I am a little concerned following THE DONALDS press conference that the commodity currencies are in for a ride higher. Correlations are off. Even with equity markets pulling back the AUD/USD &amp; NZD/USD are strengthening. I am looking around thinking that this is just a short-term factor.</li>\r\n 	<li>EUR/USD and USD/CHF: - Core positions now being established and I am looking to add more trades as the month progresses.\r\n\r\nAlways going to be looking to add, I think that for at least Q1 and Q2 the EUROZONE will remain under downside pressures. If BREXIT negotiations are difficult, which I believe they should be, the German desire for the ECB to raise rates could be seen for what it is, which is, in an election year pure and utter propaganda to win over the German savers who have been taken to the cleaners with zero savings interest rates for many years now and at all elections they are being fed a plate of empty promises.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>PERISCOPE:</u>\r\n\r\nPERISCOPE #2 will air Monday 16<sup>th</sup> January at 5:30PM EST via @pipaccumulator.\r\n\r\n<strong> </strong>\r\n\r\n<u>PREMIUM SERVICE - TRADES REVIEW<strong>:</strong></u>\r\n\r\nCURRENT PREMIUM SERVICE - LIVE TRADES:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE-TRADES-15012017.png\"><img class=\"aligncenter size-large wp-image-8936\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE-TRADES-15012017-778x1024.png\" alt=\"\" width=\"778\" height=\"1024\" /></a>\r\n\r\nCURRENT PREMIUM SERVICE – LIMIT ORDER TRADES:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-ORDERS-15012017.png\"><img class=\"aligncenter size-large wp-image-8935\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-ORDERS-15012017-737x1024.png\" alt=\"\" width=\"737\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n 	<li><strong>SCOTT’S SOAPBOX:</strong></li>\r\n</ol>\r\nIf you recall, in my final “DRIVE THRU” of 2016, I provided a list of TRADING PREDICTIONS for 2017. I basically named several geopolitical events that I feel will weigh on the markets this year. Therefore, for the first few weeks of 2017, I want to look at these events in a little more detail.\r\n\r\nAs you will be aware, so much has been said already on the subjects that I have highlighted, I can only add points and views that are my own, based upon how I see things and how I am going to view trading around these events.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE “RISKS”</strong></p>\r\nI am a simple guy; originally from Liverpool, England. I like my football and I love Cricket and Formula 1 racing. I am neat and tidy about the house, everything has its place. My computers are orderly; everything is in folders. I have spreadsheets everywhere and spreadsheets for everything. I consider myself reasonably well organized.\r\n\r\nCan you possibly understand what a person with my disciplines at home must think of the EUROZONE?\r\n\r\nThe EUROZONE is everything I am not. Yet given the headcount and the minimal amount of actual work required to function, the EUROZONE could be the envy of all administrators and desk office organizers in the world. Why aren’t they?\r\n\r\nThe EUROZONE could be the “best practice” example touted all over the globe. However, it is not.\r\n\r\nThe EUROZONE is wasteful, costly, still an experiment and frankly completely lacking in an effective organizational structure. It is basically a shamble.\r\n\r\nThis begs the obvious question…\r\n\r\n“In the name of all that is Holy how the feck is still in existence?”\r\n\r\nThat is the “Who wants to be a Millionaire” $64,000.00 question… I don\'t know the answer.\r\n\r\nHow does this shambolic organization still manage to remain in existence? I did not use the words work or working deliberately when writing about the EUROZONE because that would mislead people.\r\n\r\nIf a visiting spaceship was to land in Brussels and go into one of the many EUROPEAN UNION buildings to “suss” out us humans of the planet earth, I reckon the would be fecked off out of Brussels within the hour, reporting back to base along the lines of “This planet is full of fecking idiots who do not know their arse’s from their elbows, leave these numpties alone - nothing to see here”.\r\n\r\nOn a serious note if there are beings from outer space let’s hope they do land in Brussels and not Silicone Valley. It’s a well-known fact you will get no common sense out of Brussels and any response you do get, you will not understand anyway. In Silicon Valley, they might actually see something worth talking.\r\n\r\nMoving on…\r\n\r\nOver the past five years or so, I have written so many times about the EUROZONE it just has to be my favourite subject. There is NOTHING about the EUROZONE that makes sense to me… I struggle to find just one thing.\r\n\r\nMaybe the fact that Brussels is connected via the Channel Tunnel by high speed train from London is a good thing. Feck all use that\'s going to be after BREXIT… no nothing good about Brussels.\r\n\r\nBack on track…\r\n\r\nBrussels is the “Can kicking down the road” world’s best champion. Every major issue, results with fudging the answer or providing a stop gap the solution. It is paradise for civil servants… maintain the status quo… do not rock the boat and plunder your way from catastrophe to catastrophe all without consequence as these people are all non-elected individuals. It is a Sir Humphrey Appleton existence, a plethora of pen pushing, desk sucking jotter blotters.\r\n\r\nThe EUROPEAN UNION politicians are only interested in popularity and accusations, pointing fingers and blaming their predecessors, they are simply not good at, or interested in fixing things and along with the Brussels civil service it is a marriage made in heaven.\r\n\r\nAll of this comes at a cost.\r\n\r\nWe have seen a dreadful failed German initiated policy of austerity, which plunged huge percentages of the population of Europe into unemployment, with failing support services like health, education and welfare being starved of cash at a time when it was needed the most.\r\n\r\nPensions were reduced, terms of employment extended… so much hardship was inflicted on the poorest part of the EU. Not exactly what you would call a union!!\r\n\r\nThere are 28 countries (at the moment) in the EUROPEAN UNION. 19 of these countries has adopted the single currency (EUR). This is effectively 19 countries with different needs, wants and desires and cultures using the same cheque book to function.\r\n\r\n19 into 1 does not go…!\r\n\r\nWhen times are hard this scenario of 19 into 1 is just exacerbated more and more. The one size fits all just DOES NOT work.\r\n\r\nBorn out of the EEC in 1999, the EUROPEAN UNION has had 17 years to fix basic standards of membership on:\r\n<ul>\r\n 	<li>Tax Harmonization.</li>\r\n 	<li>Banking procedures.</li>\r\n 	<li>Social integration.</li>\r\n 	<li>Immigration</li>\r\n 	<li>Defence</li>\r\n</ul>\r\nI could write more. None of the above work. We are 17 years into a project, an experiment and frankly 17 years from now if the EUROZONE / EUROPEAN UNION is still in existence, it will probably mean that, “Hell must have frozen over” there can be no other explanation.\r\n\r\nThis year the EUROZONE / EUROPEAN UNION faces its biggest test so far, the “RISKS” are monumental.\r\n<ul>\r\n 	<li>BREXIT</li>\r\n 	<li>A BREXIT CONTAGION</li>\r\n 	<li>RISE IN THE POPULIST VOTE</li>\r\n 	<li>IMMIGRATION INTO THE UNION</li>\r\n 	<li>ELECTIONS IN FRANCE, HOLLAND &amp; GERMANY</li>\r\n 	<li>GREEK DEBT – ACT IV</li>\r\n</ul>\r\nThere are a few more but let’s just stick with these standouts.\r\n\r\nThe EU is a disaster at problem solving, it could NOT coordinate a round of drinks for everyone even if they were sat in a brewery at the time.\r\n\r\nThere are concerns over a BREXIT CONTAGION, this is a real fear and it has never been addressed fully by the remaining EU partners.\r\n\r\nI sometimes wonder does GERMANY want the EU to fail so they can blame the BREXIT and its fallout. This matter would definitely help all the German politicians and growing number of anti-European voices being heard in Germany.\r\n\r\nThe fact that apart from the “No special deals for the UK” nothing has been done to unify the remaining members to keep the far-right parties under wraps. In fact, the very opposite has taken place in FRANCE and ITALY…so far.\r\n\r\nThe immigration issue was the primary factor that pushed the BREXIT vote to win the day. Border controls are critical at most times given the terrorist society that we all live in now. Immigration into the EU is like a leaky bucket. Access into the EU illegally is simple through GREECE, ITALY, FRANCE and SPAIN etc. Whilst there are measures in place they are over-whelmed. The legal routes are at breaking point.  There are some really sad cases and immigration rights can be argued for some, but for the volumes and costs that go with it, it is crippling and it is not measured accurately because the authorities at the access points are snowed under.\r\n\r\nThe populist vote is on the rise.\r\n<ul>\r\n 	<li>Sovereignty</li>\r\n 	<li>Representation</li>\r\n 	<li>Immigration</li>\r\n 	<li>Trade</li>\r\n 	<li>Redistribution</li>\r\n 	<li>Anti-corporatism</li>\r\n</ul>\r\nThese are the hallmarks of the far right. We now find these topics used in everyday conversations, something we didn’t see before. The following are right wing parties/groups that are now becoming more than just household names: -\r\n<ul>\r\n 	<li>The Freedom Party (Austria)</li>\r\n 	<li>Vlaams Belang (Belgium)</li>\r\n 	<li>The Danish Peoples Party (Denmark)</li>\r\n 	<li>National Front (France)</li>\r\n 	<li>Syriza (Greece)</li>\r\n 	<li>Five Star Movement (Italy)</li>\r\n 	<li>Lega Nord ((Italy)</li>\r\n 	<li>Party for Freedom (Holland)</li>\r\n 	<li>Podermos (Spain)</li>\r\n 	<li>Swedish Democrats (Sweden)</li>\r\n</ul>\r\nThere was a time these political parties would never get “air time” that\'s all changed now.\r\n\r\nGREECE cannot afford to repay the loans that the EU has saddled them with. It is a fact. Even with 10% inflation, which would never be allowed in the EU, the Greek government just could not repay its way out.\r\n\r\n“Can we have some more sir” please… will be heard again in Brussels and Frankfurt sooner rather than later this year. Debt relief is the only answer…talk to yerself Pickering!!\r\n\r\nWe also have parliamentary elections in FRANCE, HOLLAND and GERMANY this year. There are zero guarantees on the outcomes.\r\n\r\nThe biggie is BREXIT. I cannot utter anything else on BREXIT other than given the general state of the EUROPEAN UNION partner economies, the EUROPEAN UNION has more to fear from a BREXIT than the UK in my opinion.  I know that in recent months it could be argued that we have seen a bottom in the EUROZONE numbers and that data is improving. I would concede this point. However, we are working off such a low base, the recovery is quite fragile that in my opinion one huge geopolitical risk will place back a square one once again. There is more than one such geopolitical risk facing the EUROZONE.\r\n\r\nAll the above offers one thing… UNCERTAINTY… in fact its HUGE UNCERTAINTY on a scale not seen before. Given its record of dealing with major issues, I just cannot see the EUROPEAN UNION / EUROZONE surviving in its present shape.\r\n\r\nIt is so fecked up now before any of this really bites, it has real survival issues in my opinion.\r\n\r\nSell the EUR/USD on spikes is the trade. Hold your trades, do not oversize your positions. I believe it may stabilize in Q3 after the summer but prior to the summer of 2017 the EURO trade is just, in my opinion “SELL THE RIPS”\r\n\r\nThere are massive RISKS in EUROPE.\r\n\r\nI know I am a little biased but you check it out yourself. I am not that far away from reality.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n 	<li><strong>CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nNothing more to add here, I have said enough except,\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care, have a great trading week.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #123 PREMIUM SERVICE\r\nDATE: 15<sup>th</sup> January 2017.<strong>\r\n\r\n</strong>','THE EUROZONE “RISKS”','','publish','open','closed','','the-eurozone-risks','','','2017-01-14 12:11:39','2017-01-14 17:11:39','',0,'http://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=8944',0,'member_posts','',0),(8949,1,'2017-01-14 12:43:57','2017-01-14 17:43:57','&nbsp;\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nTo say that the first week back trading after the holidays was “interesting” would be the biggest understatement ever and worthy of a paragraph or two in the “Guinness Book of Records”.\r\n\r\nI have never witnessed a press conference like “THE DONALDS”, (I can’t even keep a straight face when I write President Elect) ever in my 60 years on this planet. To say that it was a circus is an insult to Chipperfields, Barnum’s and Billy Smarts, however, it was so entertaining I let trades fly way in the aftermath as I wanted to see how CNN (The fake news TV network) would react.\r\n\r\nLet me just say, I think that CNN is condescending to its viewers, trashy, badly programmed with smug presenters who think they know everything about everyone and every subject in the world. Frankly it is NOT a news channel, it lost that classification months ago when it gave up news in favour of the nightly 8 around the table lets shout at and across each other broadcast. These people were alleged well informed guests and mostly “paid contributors” brought on to say what the station wanted. At times, it was a toss-up, between the comedy channel and CNN, they both made me laugh as much as each other.\r\n\r\nI firmly believe the career politicians on the hill who are blockages to reform, will be called out the same way that CNN was last Wednesday. TRUMP could not give a shit. He has his agenda. He will work it and like Mr. Magoo he will boldly walk forward never looking back to see the chaos and disorder left behind him. Get used to it. This is the way that things are going to be. Expect the unexpected. CNN look like they are screwed moving forwards as far as THE DONALD is concerned and in a very rushed, one could say childish response they released a press statement denying all charges.\r\n\r\nIn the run up to the election the “experts” on CNN had a real go at TRUMP, for what may be good reason, but the “He’s just not doing it the right way” approach and consistent message was way off point. They missed the feelings of the voters just like the Democrats and were completely perplexed by the election result.\r\n\r\nAll this stuff in the US about the popular vote is sour grapes and frankly is energy that could be put to better use. In an election that is NOT based upon proportional representation, it happens lots of times that the winner may not have the popular vote as well. Suck it up and move on. The only solution is electoral reform, and if you go down the route of proportional representation, you end up with coalitions that are usually weak and bugger all that was proposed and mandated never gets done.\r\n\r\nSo…. welcome 2017... not just a new year but a new way.\r\n\r\nI had EUR/USD and USD/CHF long term trades open during the press conference. They are long, long-term trades. They were up and down, up and down like a hooker’s knickers. Small positions based on POSITION STYLE trades off the monthly ATR so they do not worry me, but the volatility was huge…”bigly” (as Trump would say).\r\n\r\nHere is an easy prediction for the next 4 years... more of the same!!\r\n\r\nMoving on…\r\n\r\nI did my first PERISCOPE BROADCAST last Monday, despite my microphone not working. This Monday the 16<sup>th</sup> at 5:30PM EST is PERISCOPE #2 and I am borrowing my wife’s headset, therefore the “hearing me” issues should be eradicated. If you want to hear me log into PERISCOPE, my twitter address is @pipaccumulator.\r\n\r\nFinally, <a href=\"mailto:jc*******@gmail.com\">jc*******@gmail.com</a> is the first subscriber this year to receive a FREE 10 week PREMIUM SERVICE subscription, valued at CAD$1,000.00\r\n\r\nThis could be you. All you have to do to be a winner of the monthly draw is to register to receive this blog via email by signing up for the FREE NEWSLETTER on my welcome page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> it is as simple as that.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE FX MARKET PLACE – LOOKING FORWARD:</strong></li>\r\n</ol>\r\n<strong><u>NOTE:</u></strong> This year, 2017, I am not going to look backwards in this section only forwards. News items / points of interest from the prior week will be covered in the introduction.\r\n\r\n<u>ECONOMIC DATA RELEASES:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017.png\"><img class=\"aligncenter size-large wp-image-8934\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017-1021x1024.png\" alt=\"\" width=\"1021\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>MY THOUGHTS ON THE WEEK AHEAD:</u>\r\n\r\nA lot more economic data being released this coming week.\r\n\r\nThe high spot in the FX world, will of course be the ECB Press Conference, I doubt even another attacker on Draghi could create the same effect as the “TRUMP” press conference last week. It should be a far more businesslike sedate affair with the high noteworthy comments based around either a blue tie or red tie being worn!!\r\n\r\nThe BOC press conference in Canada will be very similar to that of the RBNZ… a few of the chaps sitting around drinking coffee and biscuits hanging on every breath that Stephen Poloz the BOC Governor takes. Apart from Vancouver, high-end house prices are rampant in Canada. Measures taken in Vancouver to stop outside investors bumping up prices have worked, but all that has happened is that those investors have moved east. There is a huge bubble about to burst in the housing market and this drive a wedge like a hot knife through butter, possibly triggering recession talks.\r\n\r\nI do not expect a rate cut this week, in fact, I expect Poloz to keep a neutral position like the RBNZ and to some extent the RBA. However, beneath his comments the Canadian economy has big risks in play.\r\n\r\nI have given up on the BOC being anything other than ultra Conservative; their reaction is comparable to that of a dinosaur.\r\n\r\nUK and Australian jobs are also on the agenda and they are usually market movers. Do not forget the Dairy auction prices, I wish I could. The NZD is without doubt the most over-valued pain in the arse currency to trade…. I always feel a little better after I have written that…. that damn flightless bird!! Those of you who are PREMIUM SERVICE subscribers will know where I am coming from.\r\n\r\n<u> </u>\r\n\r\n<u>USD MAJORS – “IMMEDIATE” SUPPORT &amp; RESISTANCE with TREND:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017.png\"><img class=\"aligncenter size-large wp-image-8933\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017-1024x805.png\" alt=\"\" width=\"1024\" height=\"805\" /></a>\r\n\r\nMy trade charts for the USD majors are below. My thoughts, views and commentary is written on the charts.\r\n\r\nYou will find my charts, hopefully easy to follow. I only use Fibonacci levels, trend lines, confluence points and sometimes chart patterns to identify my high probability trades. If you have any difficulty understanding the points that I am trying to make, please do not hesitate to contact me.\r\n\r\nEUR/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8938\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8939\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8937\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017.png\"><img class=\"aligncenter size-large wp-image-8940\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8941\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8942\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8943\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n 	<li><strong>THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and costs to subscribe plus the various trade styles and how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE, you will require a valid credit card.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n 	<li><strong>PREMIUM SERVICE – SUBSCRIBER CONTENT AREA:</strong></li>\r\n</ol>\r\n<ol start=\"5\">\r\n 	<li><strong>SCOTT’S SOAPBOX:</strong></li>\r\n</ol>\r\nIf you recall, in my final “DRIVE THRU” of 2016, I provided a list of TRADING PREDICTIONS for 2017. I basically named several geopolitical events that I feel will weigh on the markets this year. Therefore, for the first few weeks of 2017, I want to look at these events in a little more detail.\r\n\r\nAs you will be aware, so much has been said already on the subjects that I have highlighted, I can only add points and views that are my own, based upon how I see things and how I am going to view trading around these events.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE “RISKS”</strong></p>\r\nI am a simple guy; originally from Liverpool, England. I like my football and I love Cricket and Formula 1 racing. I am neat and tidy about the house, everything has its place. My computers are orderly; everything is in folders. I have spreadsheets everywhere and spreadsheets for everything. I consider myself reasonably well organized.\r\n\r\nCan you possibly understand what a person with my disciplines at home must think of the EUROZONE?\r\n\r\nThe EUROZONE is everything I am not. Yet given the headcount and the minimal amount of actual work required to function, the EUROZONE could be the envy of all administrators and desk office organizers in the world. Why aren’t they?\r\n\r\nThe EUROZONE could be the “best practice” example touted all over the globe. However, it is not.\r\n\r\nThe EUROZONE is wasteful, costly, still an experiment and frankly completely lacking in an effective organizational structure. It is basically a shamble.\r\n\r\nThis begs the obvious question…\r\n\r\n“In the name of all that is Holy how the feck is still in existence?”\r\n\r\nThat is the “Who wants to be a Millionaire” $64,000.00 question… I don\'t know the answer.\r\n\r\nHow does this shambolic organization still manage to remain in existence? I did not use the words work or working deliberately when writing about the EUROZONE because that would mislead people.\r\n\r\nIf a visiting spaceship was to land in Brussels and go into one of the many EUROPEAN UNION buildings to “suss” out us humans of the planet earth, I reckon the would be fecked off out of Brussels within the hour, reporting back to base along the lines of “This planet is full of fecking idiots who do not know their arse’s from their elbows, leave these numpties alone - nothing to see here”.\r\n\r\nOn a serious note if there are beings from outer space let’s hope they do land in Brussels and not Silicone Valley. It’s a well-known fact you will get no common sense out of Brussels and any response you do get, you will not understand anyway. In Silicon Valley, they might actually see something worth talking.\r\n\r\nMoving on…\r\n\r\nOver the past five years or so, I have written so many times about the EUROZONE it just has to be my favourite subject. There is NOTHING about the EUROZONE that makes sense to me… I struggle to find just one thing.\r\n\r\nMaybe the fact that Brussels is connected via the Channel Tunnel by high speed train from London is a good thing. Feck all use that\'s going to be after BREXIT… no nothing good about Brussels.\r\n\r\nBack on track…\r\n\r\nBrussels is the “Can kicking down the road” world’s best champion. Every major issue, results with fudging the answer or providing a stop gap the solution. It is paradise for civil servants… maintain the status quo… do not rock the boat and plunder your way from catastrophe to catastrophe all without consequence as these people are all non-elected individuals. It is a Sir Humphrey Appleton existence, a plethora of pen pushing, desk sucking jotter blotters.\r\n\r\nThe EUROPEAN UNION politicians are only interested in popularity and accusations, pointing fingers and blaming their predecessors, they are simply not good at, or interested in fixing things and along with the Brussels civil service it is a marriage made in heaven.\r\n\r\nAll of this comes at a cost.\r\n\r\nWe have seen a dreadful failed German initiated policy of austerity, which plunged huge percentages of the population of Europe into unemployment, with failing support services like health, education and welfare being starved of cash at a time when it was needed the most.\r\n\r\nPensions were reduced, terms of employment extended… so much hardship was inflicted on the poorest part of the EU. Not exactly what you would call a union!!\r\n\r\nThere are 28 countries (at the moment) in the EUROPEAN UNION. 19 of these countries has adopted the single currency (EUR). This is effectively 19 countries with different needs, wants and desires and cultures using the same cheque book to function.\r\n\r\n19 into 1 does not go…!\r\n\r\nWhen times are hard this scenario of 19 into 1 is just exacerbated more and more. The one size fits all just DOES NOT work.\r\n\r\nBorn out of the EEC in 1999, the EUROPEAN UNION has had 17 years to fix basic standards of membership on:\r\n<ul>\r\n 	<li>Tax Harmonization.</li>\r\n 	<li>Banking procedures.</li>\r\n 	<li>Social integration.</li>\r\n 	<li>Immigration</li>\r\n 	<li>Defence</li>\r\n</ul>\r\nI could write more. None of the above work. We are 17 years into a project, an experiment and frankly 17 years from now if the EUROZONE / EUROPEAN UNION is still in existence, it will probably mean that, “Hell must have frozen over” there can be no other explanation.\r\n\r\nThis year the EUROZONE / EUROPEAN UNION faces its biggest test so far, the “RISKS” are monumental.\r\n<ul>\r\n 	<li>BREXIT</li>\r\n 	<li>A BREXIT CONTAGION</li>\r\n 	<li>RISE IN THE POPULIST VOTE</li>\r\n 	<li>IMMIGRATION INTO THE UNION</li>\r\n 	<li>ELECTIONS IN FRANCE, HOLLAND &amp; GERMANY</li>\r\n 	<li>GREEK DEBT – ACT IV</li>\r\n</ul>\r\nThere are a few more but let’s just stick with these standouts.\r\n\r\nThe EU is a disaster at problem solving, it could NOT coordinate a round of drinks for everyone even if they were sat in a brewery at the time.\r\n\r\nThere are concerns over a BREXIT CONTAGION, this is a real fear and it has never been addressed fully by the remaining EU partners.\r\n\r\nI sometimes wonder does GERMANY want the EU to fail so they can blame the BREXIT and its fallout. This matter would definitely help all the German politicians and growing number of anti-European voices being heard in Germany.\r\n\r\nThe fact that apart from the “No special deals for the UK” nothing has been done to unify the remaining members to keep the far-right parties under wraps. In fact, the very opposite has taken place in FRANCE and ITALY…so far.\r\n\r\nThe immigration issue was the primary factor that pushed the BREXIT vote to win the day. Border controls are critical at most times given the terrorist society that we all live in now. Immigration into the EU is like a leaky bucket. Access into the EU illegally is simple through GREECE, ITALY, FRANCE and SPAIN etc. Whilst there are measures in place they are over-whelmed. The legal routes are at breaking point.  There are some really sad cases and immigration rights can be argued for some, but for the volumes and costs that go with it, it is crippling and it is not measured accurately because the authorities at the access points are snowed under.\r\n\r\nThe populist vote is on the rise.\r\n<ul>\r\n 	<li>Sovereignty</li>\r\n 	<li>Representation</li>\r\n 	<li>Immigration</li>\r\n 	<li>Trade</li>\r\n 	<li>Redistribution</li>\r\n 	<li>Anti-corporatism</li>\r\n</ul>\r\nThese are the hallmarks of the far right. We now find these topics used in everyday conversations, something we didn’t see before. The following are right wing parties/groups that are now becoming more than just household names: -\r\n<ul>\r\n 	<li>The Freedom Party (Austria)</li>\r\n 	<li>Vlaams Belang (Belgium)</li>\r\n 	<li>The Danish Peoples Party (Denmark)</li>\r\n 	<li>National Front (France)</li>\r\n 	<li>Syriza (Greece)</li>\r\n 	<li>Five Star Movement (Italy)</li>\r\n 	<li>Lega Nord ((Italy)</li>\r\n 	<li>Party for Freedom (Holland)</li>\r\n 	<li>Podermos (Spain)</li>\r\n 	<li>Swedish Democrats (Sweden)</li>\r\n</ul>\r\nThere was a time these political parties would never get “air time” that\'s all changed now.\r\n\r\nGREECE cannot afford to repay the loans that the EU has saddled them with. It is a fact. Even with 10% inflation, which would never be allowed in the EU, the Greek government just could not repay its way out.\r\n\r\n“Can we have some more sir” please… will be heard again in Brussels and Frankfurt sooner rather than later this year. Debt relief is the only answer…talk to yerself Pickering!!\r\n\r\nWe also have parliamentary elections in FRANCE, HOLLAND and GERMANY this year. There are zero guarantees on the outcomes.\r\n\r\nThe biggie is BREXIT. I cannot utter anything else on BREXIT other than given the general state of the EUROPEAN UNION partner economies, the EUROPEAN UNION has more to fear from a BREXIT than the UK in my opinion.  I know that in recent months it could be argued that we have seen a bottom in the EUROZONE numbers and that data is improving. I would concede this point. However, we are working off such a low base, the recovery is quite fragile that in my opinion one huge geopolitical risk will place back a square one once again. There is more than one such geopolitical risk facing the EUROZONE.\r\n\r\nAll the above offers one thing… UNCERTAINTY… in fact its HUGE UNCERTAINTY on a scale not seen before. Given its record of dealing with major issues, I just cannot see the EUROPEAN UNION / EUROZONE surviving in its present shape.\r\n\r\nIt is so fecked up now before any of this really bites, it has real survival issues in my opinion.\r\n\r\nSell the EUR/USD on spikes is the trade. Hold your trades, do not oversize your positions. I believe it may stabilize in Q3 after the summer but prior to the summer of 2017 the EURO trade is just, in my opinion “SELL THE RIPS”\r\n\r\nThere are massive RISKS in EUROPE.\r\n\r\nI know I am a little biased but you check it out yourself. I am not that far away from reality.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n 	<li><strong>CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nNothing more to add here, I have said enough except,\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care, have a great trading week.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #227 FREE NEWSLETTER VERSION\r\nDATE: 15<sup>th</sup> January 2017.\r\n\r\n&nbsp;','THE EUROZONE “RISKS”','','publish','open','closed','','the-eurozone-risks','','','2017-01-14 12:43:57','2017-01-14 17:43:57','',0,'http://weeklyfxdrivethru.com/?p=8949',0,'post','',0),(8725,1,'2016-11-30 10:58:46','2016-11-30 15:58:46','<section class=\"members\">\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a title=\"Position Trades\" href=\"./Position-trades/\">Position Trades</a><a title=\"Total Trades Profit Summaries (Month and Year to Date\" href=\"./Total-Trades-Profit-Summaries-(Month-and-Year-to-Date-)/\">Total Trades Profit Summaries (Month and Year to Date)</a><a title=\"Monthly and Annual Combined Performance Analysis\" href=\"./Monthly-and-Annual-Combined-Performance-Analysis/\">Monthly and Annual Combined Performance analysis</a><a title=\"Risk/Reward analysis\"href=\"./Risk-/-Reward-Analysis/\">Risk/Reward Analysis</a><a title=\"Pip Performance Year by Year Comparisons\" href=\"./Pip-Performance-Year-by-Year-Comparisons/\">Pip Performances Year by Year Comparisons</a></div></section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-autosave-v1','','','2016-11-30 10:58:46','2016-11-30 15:58:46','',4203,'http://weeklyfxdrivethru.com/4203-autosave-v1/',0,'revision','',0),(8726,1,'2016-11-30 09:56:50','2016-11-30 14:56:50','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a href=\"./part-time-trader-trades/\">Position TradesT</a>otal<a title=\"Combined Trades Profit Summary\" href=\"./combined-trades-profit/\"> Trades Profit Summary</a><a title=\"Completed Trades Profit/Loss Ratios\" href=\"./completed-trades-profit-loss-ratios/\">M</a>onthly and Annual Performance Analysis<a title=\"Completed Trades Risk/Reward Analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a><a title=\"PIP PERFORMANCE YEAR by YEAR COMPARISONS\" href=\"./6869-2/\">Pip Performance Year by Year Comparisons</a></div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 09:56:50','2016-11-30 14:56:50','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8727,1,'2016-11-30 09:57:54','2016-11-30 14:57:54','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a href=\"./part-time-trader-trades/\">Position Trades T</a>otal<a title=\"Combined Trades Profit Summary\" href=\"./combined-trades-profit/\"> Trades Profit Summary</a> <a title=\"Completed Trades Profit/Loss Ratios\" href=\"./completed-trades-profit-loss-ratios/\">M</a>onthly and Annual Performance Analysis <a title=\"Completed Trades Risk/Reward Analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a><a title=\"PIP PERFORMANCE YEAR by YEAR COMPARISONS\" href=\"./6869-2/\">Pip Performance Year by Year Comparisons</a></div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 09:57:54','2016-11-30 14:57:54','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8728,1,'2016-11-30 09:58:45','2016-11-30 14:58:45','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a href=\"./part-time-trader-trades/\">Position TradesT</a>otal<a title=\"Combined Trades Profit Summary\" href=\"./combined-trades-profit/\"> Trades Profit Summary</a><a title=\"Completed Trades Profit/Loss Ratios\" href=\"./completed-trades-profit-loss-ratios/\">M</a>onthly and Annual Performance Analysis<a title=\"Completed Trades Risk/Reward Analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a><a title=\"PIP PERFORMANCE YEAR by YEAR COMPARISONS\" href=\"./6869-2/\">Pip Performance Year by Year Comparisons</a></div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 09:58:45','2016-11-30 14:58:45','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8729,1,'2016-11-30 09:59:30','2016-11-30 14:59:30','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a href=\"./part-time-trader-trades/\">Position Trades</a>Total<a title=\"Combined Trades Profit Summary\" href=\"./combined-trades-profit/\">Trades Profit Summary</a><a title=\"Completed Trades Profit/Loss Ratios\" href=\"./completed-trades-profit-loss-ratios/\">M</a>onthlyandAnnual PerformanceAnalysis<a title=\"Completed Trades Risk/Reward Analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a><a title=\"PIP PERFORMANCE YEAR by YEAR COMPARISONS\" href=\"./6869-2/\">Pip Performance Year by Year Comparisons</a></div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 09:59:30','2016-11-30 14:59:30','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8730,1,'2016-11-30 09:59:43','2016-11-30 14:59:43','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a href=\"./part-time-trader-trades/\">Position Trades</a>Total<a title=\"Combined Trades Profit Summary\" href=\"./combined-trades-profit/\">Trades Profit Summary</a><a title=\"Completed Trades Profit/Loss Ratios\" href=\"./completed-trades-profit-loss-ratios/\">M</a>onthlyandAnnualPerformanceAnalysis<a title=\"Completed Trades Risk/Reward Analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a><a title=\"PIP PERFORMANCE YEAR by YEAR COMPARISONS\" href=\"./6869-2/\">Pip Performance Year by Year Comparisons</a></div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 09:59:43','2016-11-30 14:59:43','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8734,1,'2016-11-30 10:17:49','2016-11-30 15:17:49','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a>Position Trades</div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 10:17:49','2016-11-30 15:17:49','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8731,1,'2016-11-30 10:00:29','2016-11-30 15:00:29','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a href=\"./part-time-trader-trades/\">Position Trades</a><span style=\"color: #0000ff; text-decoration: underline;\">Total</span><a title=\"Combined Trades Profit Summary\" href=\"./combined-trades-profit/\">Trades Profit Summary</a><a title=\"Completed Trades Profit/Loss Ratios\" href=\"./completed-trades-profit-loss-ratios/\">M</a><span style=\"color: #0000ff; text-decoration: underline;\">onthlyandAnnualPerformanceAnalysis<a style=\"color: #0000ff; text-decoration: underline;\" title=\"Completed Trades Risk/Reward Analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a><a style=\"color: #0000ff; text-decoration: underline;\" title=\"PIP PERFORMANCE YEAR by YEAR COMPARISONS\" href=\"./6869-2/\">Pip Performance Year by Year Comparisons</a></span></div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 10:00:29','2016-11-30 15:00:29','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8917,16,'2017-01-09 10:46:01','2017-01-09 15:46:01','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>','NEWSBOARD','','inherit','closed','closed','','8783-revision-v1','','','2017-01-09 10:46:01','2017-01-09 15:46:01','',8783,'http://weeklyfxdrivethru.com/8783-revision-v1/',0,'revision','',0),(9009,1,'2017-01-28 05:59:06','2017-01-28 10:59:06','','LIMIT 28012017','','inherit','open','closed','','limit-28012017','','','2017-01-28 10:41:16','2017-01-28 15:41:16','',9033,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-28012017.png',0,'attachment','image/png',0),(8945,1,'2017-01-14 12:11:39','2017-01-14 17:11:39','&nbsp;\r\n<ol>\r\n 	<li><strong>INTRODUCTION:</strong></li>\r\n</ol>\r\nTo say that the first week back trading after the holidays was “interesting” would be the biggest understatement ever and worthy of a paragraph or two in the “Guinness Book of Records”.\r\n\r\nI have never witnessed a press conference like “THE DONALDS”, (I can’t even keep a straight face when I write President Elect) ever in my 60 years on this planet. To say that it was a circus is an insult to Chipperfields, Barnum’s and Billy Smarts, however, it was so entertaining I let trades fly way in the aftermath as I wanted to see how CNN (The fake news TV network) would react.\r\n\r\nLet me just say, I think that CNN is condescending to its viewers, trashy, badly programmed with smug presenters who think they know everything about everyone and every subject in the world. Frankly it is NOT a news channel, it lost that classification months ago when it gave up news in favour of the nightly 8 around the table lets shout at and across each other broadcast. These people were alleged well informed guests and mostly “paid contributors” brought on to say what the station wanted. At times, it was a toss-up, between the comedy channel and CNN, they both made me laugh as much as each other.\r\n\r\nI firmly believe the career politicians on the hill who are blockages to reform, will be called out the same way that CNN was last Wednesday. TRUMP could not give a shit. He has his agenda. He will work it and like Mr. Magoo he will boldly walk forward never looking back to see the chaos and disorder left behind him. Get used to it. This is the way that things are going to be. Expect the unexpected. CNN look like they are screwed moving forwards as far as THE DONALD is concerned and in a very rushed, one could say childish response they released a press statement denying all charges.\r\n\r\nIn the run up to the election the “experts” on CNN had a real go at TRUMP, for what may be good reason, but the “He’s just not doing it the right way” approach and consistent message was way off point. They missed the feelings of the voters just like the Democrats and were completely perplexed by the election result.\r\n\r\nAll this stuff in the US about the popular vote is sour grapes and frankly is energy that could be put to better use. In an election that is NOT based upon proportional representation, it happens lots of times that the winner may not have the popular vote as well. Suck it up and move on. The only solution is electoral reform, and if you go down the route of proportional representation, you end up with coalitions that are usually weak and bugger all that was proposed and mandated never gets done.\r\n\r\nSo…. welcome 2017... not just a new year but a new way.\r\n\r\nI had EUR/USD and USD/CHF long term trades open during the press conference. They are long, long-term trades. They were up and down, up and down like a hooker’s knickers. Small positions based on POSITION STYLE trades off the monthly ATR so they do not worry me, but the volatility was huge…”bigly” (as Trump would say).\r\n\r\nHere is an easy prediction for the next 4 years... more of the same!!\r\n\r\nMoving on…\r\n\r\nI did my first PERISCOPE BROADCAST last Monday, despite my microphone not working. This Monday the 16<sup>th</sup> at 5:30PM EST is PERISCOPE #2 and I am borrowing my wife’s headset, therefore the “hearing me” issues should be eradicated. If you want to hear me log into PERISCOPE, my twitter address is @pipaccumulator.\r\n\r\nFinally, <a href=\"mailto:jc*******@gmail.com\">jc*******@gmail.com</a> is the first subscriber this year to receive a FREE 10 week PREMIUM SERVICE subscription, valued at CAD$1,000.00.\r\n\r\nThis could be you. All you have to do to be a winner of the monthly draw is to register to receive this blog via email by signing up for the FREE NEWSLETTER on my welcome page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> it is as simple as that.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE FX MARKET PLACE – LOOKING FORWARD:</strong></li>\r\n</ol>\r\n<strong><u>NOTE:</u></strong> This year, 2017, I am not going to look backwards in this section only forwards. News items / points of interest from the prior week will be covered in the introduction.\r\n\r\n<u>ECONOMIC DATA RELEASES:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017.png\"><img class=\"aligncenter size-large wp-image-8934\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017-1021x1024.png\" alt=\"\" width=\"1021\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>MY THOUGHTS ON THE WEEK AHEAD:</u>\r\n\r\nA lot more economic data being released this coming week.\r\n\r\nThe high spot in the FX world, will of course be the ECB Press Conference, I doubt even another attacker on Draghi could create the same effect as the “TRUMP” press conference last week. It should be a far more businesslike sedate affair with the high noteworthy comments based around either a blue tie or red tie being worn!!\r\n\r\nThe BOC press conference in Canada will be very similar to that of the RBNZ… a few of the chaps sitting around drinking coffee and biscuits hanging on every breath that Stephen Poloz the BOC Governor takes. Apart from Vancouver, high-end house prices are rampant in Canada. Measures taken in Vancouver to stop outside investors bumping up prices have worked, but all that has happened is that those investors have moved east. There is a huge bubble about to burst in the housing market and this drive a wedge like a hot knife through butter, possibly triggering recession talks.\r\n\r\nI do not expect a rate cut this week, in fact, I expect Poloz to keep a neutral position like the RBNZ and to some extent the RBA. However, beneath his comments the Canadian economy has big risks in play.\r\n\r\nI have given up on the BOC being anything other than ultra Conservative; their reaction is comparable to that of a dinosaur.\r\n\r\nUK and Australian jobs are also on the agenda and they are usually market movers. Do not forget the Dairy auction prices, I wish I could. The NZD is without doubt the most over-valued pain in the arse currency to trade…. I always feel a little better after I have written that…. that damn flightless bird!! Those of you who are PREMIUM SERVICE subscribers will know where I am coming from.\r\n\r\n<u> </u>\r\n\r\n<u>USD MAJORS – “IMMEDIATE” SUPPORT &amp; RESISTANCE with TREND:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017.png\"><img class=\"aligncenter size-large wp-image-8933\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017-1024x805.png\" alt=\"\" width=\"1024\" height=\"805\" /></a>\r\n\r\nMy trade charts for the USD majors are below. My thoughts, views and commentary is written on the charts.\r\n\r\nYou will find my charts, hopefully easy to follow. I only use Fibonacci levels, trend lines, confluence points and sometimes chart patterns to identify my high probability trades. If you have any difficulty understanding the points that I am trying to make, please do not hesitate to contact me.\r\n\r\nEUR/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8938\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8939\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8937\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017.png\"><img class=\"aligncenter size-large wp-image-8940\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8941\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8942\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8943\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n<strong>\r\n\r\n</strong>\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n 	<li><strong>THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and costs to subscribe plus the various trade styles and how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE, you will require a valid credit card.\r\n\r\n<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong>PREMIUM SERVICE – SUBSCRIBER CONTENT AREA:</strong></li>\r\n</ol>\r\n<u>TRADING REVIEW:</u>\r\n\r\nWas last week successful?\r\n\r\nOver all we made pips, so I suppose yes. However, as Vicky Pollard from Little Britain would say… “yes but, no but, yes but, no but, yes but”\r\n\r\nYes; we made a few pips but it was a swings and roundabouts week. RADAR and FUNDAMENTAL trades struggled to gain traction whilst POSITION trades took the glory.\r\n\r\nI am making money, but just about. The smaller position sized POSITION trades are generating pips but the smaller pip losses with the RADAR and FUNDAMENTAL trades are with larger trading positions therefore it is almost as if one negates the other profit wise.\r\n\r\nI have noted that during this past week I have let over 225 pips of profit disappear. It’s not as much of a “woulda kinda shoulda coulda” call, it’s just to let us all be aware that the markets, at least the FX market, is just not directional. It is a pain in the arse at the moment, as I keep telling my wife. There appears to be little conviction. I am trying to let trades develop but it is difficult on many occasions to protected say 50 pips of profit before the trade reverses back in your face.\r\n\r\nI call it frustrating and annoying. It will change though. We are in strange times where the Forex markets are having to re-balance and take stock after the huge on the back of promises moves that took place into the year-end of 2016. This period of consolidation is both normal and healthy for the market.\r\n\r\n<u> </u>\r\n\r\n<u>MOVING FORWARD:</u>\r\n\r\nThis is what I wrote last week.\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>We have the TRUMP inauguration to look forward to, followed by the fireworks, and I do not mean the ones that mostly go up into the sky.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>We will endure a period of uncertainty and bold and brash statements as the TRUMP approach will be to turn the long-established log jams in Washington upside down and inside out. I fully expect him to name and shame those who block moves. It should be interesting as voters will be able to see if their elected representative is a mover or a blocker.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>From a trading perspective, we will have uncertainty in these unchartered waters in the U.S.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em>The EUROZONE, frankly a bit laughable and there will be massive uncertainty for the next 6 months. I want to try to establish some longer-term POSITION TRADES with the single currency and to some extent the USD/CHF as well, but a short-term flight to safety trade even with negative interest rates does concern me. Maybe I have some sort of vitamin deficiency or something, but I am not comfortable trading unless I have some CHF exposure to the short side (CHF).</em></span></p>\r\nI think that I have nailed both issues pretty much head on with nothing else to say.\r\n\r\n<u> </u>\r\n\r\n<u>CORE TRADES:</u>\r\n<ol>\r\n 	<li>AUD/NZD: – Frustrating as it is I am still a believer. I will continue to add on pullbacks and lift off 50 -100 pip gains as they become available. Patience is the key.</li>\r\n 	<li>I have also added the EUR/NZD to the NZD portfolio, but, I do not think that this will be a very long term addition. I expected a large move higher in this pair, for now we are trapped in a 150-pip trading range. I now have two LIVE trades plus a “BUY STOP” limit order in place. I did believe that this pair would be well in a healthy positive position by now. It looks like I will need to be patient and bide my time.</li>\r\n 	<li>NZD/USD: – I have started to build, and I will be adding again.\r\n\r\nThe RBNZ is in control, and in my opinion, this is one of the most overpriced currencies in the market at this moment in time. Central Bank divergence should play its part in having this currency revalue organically, but with most, if not all FX fundamentals, patience will be required.\r\n\r\nChina does concern me. I believe the GDT auctions will be more NZD negative this year as the China family birth control factors will kick in stronger.\r\n\r\nThe TRUMP factor on China may help my longer-term views?</li>\r\n 	<li>AUD/USD: - Started to add positions. I am a little concerned following THE DONALDS press conference that the commodity currencies are in for a ride higher. Correlations are off. Even with equity markets pulling back the AUD/USD &amp; NZD/USD are strengthening. I am looking around thinking that this is just a short-term factor.</li>\r\n 	<li>EUR/USD and USD/CHF: - Core positions now being established and I am looking to add more trades as the month progresses.\r\n\r\nAlways going to be looking to add, I think that for at least Q1 and Q2 the EUROZONE will remain under downside pressures. If BREXIT negotiations are difficult, which I believe they should be, the German desire for the ECB to raise rates could be seen for what it is, which is, in an election year pure and utter propaganda to win over the German savers who have been taken to the cleaners with zero savings interest rates for many years now and at all elections they are being fed a plate of empty promises.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>PERISCOPE:</u>\r\n\r\nPERISCOPE #2 will air Monday 16<sup>th</sup> January at 5:30PM EST via @pipaccumulator.\r\n\r\n<strong> </strong>\r\n\r\n<u>PREMIUM SERVICE - TRADES REVIEW<strong>:</strong></u>\r\n\r\nCURRENT PREMIUM SERVICE - LIVE TRADES:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE-TRADES-15012017.png\"><img class=\"aligncenter size-large wp-image-8936\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE-TRADES-15012017-778x1024.png\" alt=\"\" width=\"778\" height=\"1024\" /></a>\r\n\r\nCURRENT PREMIUM SERVICE – LIMIT ORDER TRADES:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-ORDERS-15012017.png\"><img class=\"aligncenter size-large wp-image-8935\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-ORDERS-15012017-737x1024.png\" alt=\"\" width=\"737\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n 	<li><strong>SCOTT’S SOAPBOX:</strong></li>\r\n</ol>\r\nIf you recall, in my final “DRIVE THRU” of 2016, I provided a list of TRADING PREDICTIONS for 2017. I basically named several geopolitical events that I feel will weigh on the markets this year. Therefore, for the first few weeks of 2017, I want to look at these events in a little more detail.\r\n\r\nAs you will be aware, so much has been said already on the subjects that I have highlighted, I can only add points and views that are my own, based upon how I see things and how I am going to view trading around these events.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE “RISKS”</strong></p>\r\nI am a simple guy; originally from Liverpool, England. I like my football and I love Cricket and Formula 1 racing. I am neat and tidy about the house, everything has its place. My computers are orderly; everything is in folders. I have spreadsheets everywhere and spreadsheets for everything. I consider myself reasonably well organized.\r\n\r\nCan you possibly understand what a person with my disciplines at home must think of the EUROZONE?\r\n\r\nThe EUROZONE is everything I am not. Yet given the headcount and the minimal amount of actual work required to function, the EUROZONE could be the envy of all administrators and desk office organizers in the world. Why aren’t they?\r\n\r\nThe EUROZONE could be the “best practice” example touted all over the globe. However, it is not.\r\n\r\nThe EUROZONE is wasteful, costly, still an experiment and frankly completely lacking in an effective organizational structure. It is basically a shamble.\r\n\r\nThis begs the obvious question…\r\n\r\n“In the name of all that is Holy how the feck is still in existence?”\r\n\r\nThat is the “Who wants to be a Millionaire” $64,000.00 question… I don\'t know the answer.\r\n\r\nHow does this shambolic organization still manage to remain in existence? I did not use the words work or working deliberately when writing about the EUROZONE because that would mislead people.\r\n\r\nIf a visiting spaceship was to land in Brussels and go into one of the many EUROPEAN UNION buildings to “suss” out us humans of the planet earth, I reckon the would be fecked off out of Brussels within the hour, reporting back to base along the lines of “This planet is full of fecking idiots who do not know their arse’s from their elbows, leave these numpties alone - nothing to see here”.\r\n\r\nOn a serious note if there are beings from outer space let’s hope they do land in Brussels and not Silicone Valley. It’s a well-known fact you will get no common sense out of Brussels and any response you do get, you will not understand anyway. In Silicon Valley, they might actually see something worth talking.\r\n\r\nMoving on…\r\n\r\nOver the past five years or so, I have written so many times about the EUROZONE it just has to be my favourite subject. There is NOTHING about the EUROZONE that makes sense to me… I struggle to find just one thing.\r\n\r\nMaybe the fact that Brussels is connected via the Channel Tunnel by high speed train from London is a good thing. Feck all use that\'s going to be after BREXIT… no nothing good about Brussels.\r\n\r\nBack on track…\r\n\r\nBrussels is the “Can kicking down the road” world’s best champion. Every major issue, results with fudging the answer or providing a stop gap the solution. It is paradise for civil servants… maintain the status quo… do not rock the boat and plunder your way from catastrophe to catastrophe all without consequence as these people are all non-elected individuals. It is a Sir Humphrey Appleton existence, a plethora of pen pushing, desk sucking jotter blotters.\r\n\r\nThe EUROPEAN UNION politicians are only interested in popularity and accusations, pointing fingers and blaming their predecessors, they are simply not good at, or interested in fixing things and along with the Brussels civil service it is a marriage made in heaven.\r\n\r\nAll of this comes at a cost.\r\n\r\nWe have seen a dreadful failed German initiated policy of austerity, which plunged huge percentages of the population of Europe into unemployment, with failing support services like health, education and welfare being starved of cash at a time when it was needed the most.\r\n\r\nPensions were reduced, terms of employment extended… so much hardship was inflicted on the poorest part of the EU. Not exactly what you would call a union!!\r\n\r\nThere are 28 countries (at the moment) in the EUROPEAN UNION. 19 of these countries has adopted the single currency (EUR). This is effectively 19 countries with different needs, wants and desires and cultures using the same cheque book to function.\r\n\r\n19 into 1 does not go…!\r\n\r\nWhen times are hard this scenario of 19 into 1 is just exacerbated more and more. The one size fits all just DOES NOT work.\r\n\r\nBorn out of the EEC in 1999, the EUROPEAN UNION has had 17 years to fix basic standards of membership on:\r\n<ul>\r\n 	<li>Tax Harmonization.</li>\r\n 	<li>Banking procedures.</li>\r\n 	<li>Social integration.</li>\r\n 	<li>Immigration</li>\r\n 	<li>Defence</li>\r\n</ul>\r\nI could write more. None of the above work. We are 17 years into a project, an experiment and frankly 17 years from now if the EUROZONE / EUROPEAN UNION is still in existence, it will probably mean that, “Hell must have frozen over” there can be no other explanation.\r\n\r\nThis year the EUROZONE / EUROPEAN UNION faces its biggest test so far, the “RISKS” are monumental.\r\n<ul>\r\n 	<li>BREXIT</li>\r\n 	<li>A BREXIT CONTAGION</li>\r\n 	<li>RISE IN THE POPULIST VOTE</li>\r\n 	<li>IMMIGRATION INTO THE UNION</li>\r\n 	<li>ELECTIONS IN FRANCE, HOLLAND &amp; GERMANY</li>\r\n 	<li>GREEK DEBT – ACT IV</li>\r\n</ul>\r\nThere are a few more but let’s just stick with these standouts.\r\n\r\nThe EU is a disaster at problem solving, it could NOT coordinate a round of drinks for everyone even if they were sat in a brewery at the time.\r\n\r\nThere are concerns over a BREXIT CONTAGION, this is a real fear and it has never been addressed fully by the remaining EU partners.\r\n\r\nI sometimes wonder does GERMANY want the EU to fail so they can blame the BREXIT and its fallout. This matter would definitely help all the German politicians and growing number of anti-European voices being heard in Germany.\r\n\r\nThe fact that apart from the “No special deals for the UK” nothing has been done to unify the remaining members to keep the far-right parties under wraps. In fact, the very opposite has taken place in FRANCE and ITALY…so far.\r\n\r\nThe immigration issue was the primary factor that pushed the BREXIT vote to win the day. Border controls are critical at most times given the terrorist society that we all live in now. Immigration into the EU is like a leaky bucket. Access into the EU illegally is simple through GREECE, ITALY, FRANCE and SPAIN etc. Whilst there are measures in place they are over-whelmed. The legal routes are at breaking point.  There are some really sad cases and immigration rights can be argued for some, but for the volumes and costs that go with it, it is crippling and it is not measured accurately because the authorities at the access points are snowed under.\r\n\r\nThe populist vote is on the rise.\r\n<ul>\r\n 	<li>Sovereignty</li>\r\n 	<li>Representation</li>\r\n 	<li>Immigration</li>\r\n 	<li>Trade</li>\r\n 	<li>Redistribution</li>\r\n 	<li>Anti-corporatism</li>\r\n</ul>\r\nThese are the hallmarks of the far right. We now find these topics used in everyday conversations, something we didn’t see before. The following are right wing parties/groups that are now becoming more than just household names: -\r\n<ul>\r\n 	<li>The Freedom Party (Austria)</li>\r\n 	<li>Vlaams Belang (Belgium)</li>\r\n 	<li>The Danish Peoples Party (Denmark)</li>\r\n 	<li>National Front (France)</li>\r\n 	<li>Syriza (Greece)</li>\r\n 	<li>Five Star Movement (Italy)</li>\r\n 	<li>Lega Nord ((Italy)</li>\r\n 	<li>Party for Freedom (Holland)</li>\r\n 	<li>Podermos (Spain)</li>\r\n 	<li>Swedish Democrats (Sweden)</li>\r\n</ul>\r\nThere was a time these political parties would never get “air time” that\'s all changed now.\r\n\r\nGREECE cannot afford to repay the loans that the EU has saddled them with. It is a fact. Even with 10% inflation, which would never be allowed in the EU, the Greek government just could not repay its way out.\r\n\r\n“Can we have some more sir” please… will be heard again in Brussels and Frankfurt sooner rather than later this year. Debt relief is the only answer…talk to yerself Pickering!!\r\n\r\nWe also have parliamentary elections in FRANCE, HOLLAND and GERMANY this year. There are zero guarantees on the outcomes.\r\n\r\nThe biggie is BREXIT. I cannot utter anything else on BREXIT other than given the general state of the EUROPEAN UNION partner economies, the EUROPEAN UNION has more to fear from a BREXIT than the UK in my opinion.  I know that in recent months it could be argued that we have seen a bottom in the EUROZONE numbers and that data is improving. I would concede this point. However, we are working off such a low base, the recovery is quite fragile that in my opinion one huge geopolitical risk will place back a square one once again. There is more than one such geopolitical risk facing the EUROZONE.\r\n\r\nAll the above offers one thing… UNCERTAINTY… in fact its HUGE UNCERTAINTY on a scale not seen before. Given its record of dealing with major issues, I just cannot see the EUROPEAN UNION / EUROZONE surviving in its present shape.\r\n\r\nIt is so fecked up now before any of this really bites, it has real survival issues in my opinion.\r\n\r\nSell the EUR/USD on spikes is the trade. Hold your trades, do not oversize your positions. I believe it may stabilize in Q3 after the summer but prior to the summer of 2017 the EURO trade is just, in my opinion “SELL THE RIPS”\r\n\r\nThere are massive RISKS in EUROPE.\r\n\r\nI know I am a little biased but you check it out yourself. I am not that far away from reality.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n 	<li><strong>CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nNothing more to add here, I have said enough except,\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care, have a great trading week.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #123 PREMIUM SERVICE\r\nDATE: 15<sup>th</sup> January 2017.<strong>\r\n\r\n</strong>','THE EUROZONE “RISKS”','','inherit','closed','closed','','8944-revision-v1','','','2017-01-14 12:11:39','2017-01-14 17:11:39','',8944,'http://weeklyfxdrivethru.com/8944-revision-v1/',0,'revision','',0),(8737,1,'2016-11-30 10:49:53','2016-11-30 15:49:53','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a title=\"Position Trades\" href=\"./Position-trades/\">Position Trades</a><a title=\"Total Trades Profit Summaries (Month and Year to Date\" href=\"./Total-Trades-Profit-Summaries-(Month-and-Year-to-Date-)/\">Total Trades Profit Summaries (Month and Year to Date)</a>Monthly and Annual Combined Performance Analysisc title=\"Risk/Reward analysis\"href=\"./Risk-/-Reward-Analysis/\"&gt;Risk/Reward AnalysisPip Performance Year by Year Comparisons&gt;c</div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 10:49:53','2016-11-30 15:49:53','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8782,16,'2016-12-05 12:35:07','2016-12-05 17:35:07','<section class=\"members\">\r\n<div style=\"text-decoration:underline;\">\r\n<a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a title=\"Position Trades\" href=\"./part-time-trader-trades/\">Position Trades</a><a title=\"Total Trades Profit Summaries (Month and Year to Date\" href=\"./combined-trades-profit/\">Total Trades Profit Summaries (Month and Year to Date)</a><a title=\"Monthly and Annual Combined Performance Analysis\" href=\"./completed-trades-profit-loss-ratios/\">Monthly and Annual Combined Performance analysis</a><a title=\"Pip Performance Year by Year Comparisons\" href=\"./6869-2/\">Pip Performances Year by Year Comparisons</a>\r\n</div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-12-05 12:35:07','2016-12-05 17:35:07','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8780,16,'2016-12-05 11:43:30','2016-12-05 16:43:30','<section class=\"members\">\r\n<div style=\"text-decoration:underline;\">\r\n<a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a title=\"Position Trades\" href=\"./part-time-trader-trades/\">Position Trades</a><a title=\"Total Trades Profit Summaries (Month and Year to Date\" href=\"./combined-trades-profit/\">Total Trades Profit Summaries (Month and Year to Date)</a><a title=\"Monthly and Annual Combined Performance Analysis\" href=\"./completed-trades-profit-loss-ratios/\">Monthly and Annual Combined Performance analysis</a><a title=\"Risk/Reward analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a><a title=\"Pip Performance Year by Year Comparisons\" href=\"./6869-2/\">Pip Performances Year by Year Comparisons</a>\r\n</div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-12-05 11:43:30','2016-12-05 16:43:30','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8738,1,'2016-11-30 10:59:12','2016-11-30 15:59:12','<section class=\"members\">\r\n<div style=\"text-decoration: underline;\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a><a title=\"Position Trades\" href=\"./Position-trades/\">Position Trades</a><a title=\"Total Trades Profit Summaries (Month and Year to Date\" href=\"./Total-Trades-Profit-Summaries-(Month-and-Year-to-Date-)/\">Total Trades Profit Summaries (Month and Year to Date)</a><a title=\"Monthly and Annual Combined Performance Analysis\" href=\"./Monthly-and-Annual-Combined-Performance-Analysis/\">Monthly and Annual Combined Performance analysis</a><a title=\"Risk/Reward analysis\" href=\"./Risk-/-Reward-Analysis/\">Risk/Reward Analysis</a><a title=\"Pip Performance Year by Year Comparisons\" href=\"./Pip-Performance-Year-by-Year-Comparisons/\">Pip Performances Year by Year Comparisons</a></div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-11-30 10:59:12','2016-11-30 15:59:12','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8739,1,'2016-11-30 16:56:40','2016-11-30 21:56:40','','prem-serv-profits1-nov16','','inherit','open','closed','','prem-serv-profits1-nov16','','','2016-11-30 17:03:19','2016-11-30 22:03:19','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-PROFITS1-NOV16.png',0,'attachment','image/png',0),(8740,1,'2016-11-30 16:56:44','2016-11-30 21:56:44','','prem-serv-profits2-nov16','','inherit','open','closed','','prem-serv-profits2-nov16','','','2016-11-30 17:03:31','2016-11-30 22:03:31','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PREM-SERV-PROFITS2-NOV16.png',0,'attachment','image/png',0),(8741,1,'2016-11-30 16:56:48','2016-11-30 21:56:48','','flash-nov16','','inherit','open','closed','','flash-nov16','','','2016-11-30 16:58:24','2016-11-30 21:58:24','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FLASH-NOV16.png',0,'attachment','image/png',0),(8742,1,'2016-11-30 16:56:51','2016-11-30 21:56:51','','flash-novytd16','','inherit','open','closed','','flash-novytd16','','','2016-11-30 16:58:41','2016-11-30 21:58:41','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FLASH-NOVYTD16.png',0,'attachment','image/png',0),(8743,1,'2016-11-30 16:56:54','2016-11-30 21:56:54','','radar-nov16','','inherit','open','closed','','radar-nov16','','','2016-11-30 16:59:27','2016-11-30 21:59:27','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/RADAR-NOV16.png',0,'attachment','image/png',0),(8744,1,'2016-11-30 16:56:56','2016-11-30 21:56:56','','radar-novytd16','','inherit','open','closed','','radar-novytd16','','','2016-11-30 16:59:39','2016-11-30 21:59:39','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/RADAR-NOVYTD16.png',0,'attachment','image/png',0),(8745,1,'2016-11-30 16:57:02','2016-11-30 21:57:02','','fun1-nov16','','inherit','open','closed','','fun1-nov16','','','2016-11-30 17:00:30','2016-11-30 22:00:30','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FUN1-NOV16.png',0,'attachment','image/png',0),(8746,1,'2016-11-30 16:57:05','2016-11-30 21:57:05','','fun2-nov16','','inherit','open','closed','','fun2-nov16','','','2016-11-30 17:00:40','2016-11-30 22:00:40','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FUN2-NOV16.png',0,'attachment','image/png',0),(8747,1,'2016-11-30 16:57:08','2016-11-30 21:57:08','','fun3-nov16','','inherit','open','closed','','fun3-nov16','','','2016-11-30 17:00:45','2016-11-30 22:00:45','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FUN3-NOV16.png',0,'attachment','image/png',0),(8748,1,'2016-11-30 16:57:11','2016-11-30 21:57:11','','fun-novytd6','','inherit','open','closed','','fun-novytd6','','','2016-11-30 17:01:01','2016-11-30 22:01:01','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/FUN-NOVYTD6.png',0,'attachment','image/png',0),(8749,1,'2016-11-30 16:57:15','2016-11-30 21:57:15','','pos1-nov16','','inherit','open','closed','','pos1-nov16','','','2016-11-30 17:01:57','2016-11-30 22:01:57','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS1-NOV16.png',0,'attachment','image/png',0),(8750,1,'2016-11-30 16:57:20','2016-11-30 21:57:20','','pos2-nov16','','inherit','open','closed','','pos2-nov16','','','2016-11-30 17:02:02','2016-11-30 22:02:02','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS2-NOV16.png',0,'attachment','image/png',0),(8751,1,'2016-11-30 16:57:24','2016-11-30 21:57:24','','pos-novytd16','','inherit','open','closed','','pos-novytd16','','','2016-11-30 17:02:28','2016-11-30 22:02:28','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS-NOVYTD16.png',0,'attachment','image/png',0),(8752,1,'2016-11-30 16:57:29','2016-11-30 21:57:29','','cons-perf-nov16','','inherit','open','closed','','cons-perf-nov16','','','2016-11-30 17:04:31','2016-11-30 22:04:31','',5002,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/CONS-PERF-NOV16.png',0,'attachment','image/png',0),(8753,1,'2016-11-30 16:57:33','2016-11-30 21:57:33','','pip-comp-novtyd16','','inherit','open','closed','','pip-comp-novtyd16','','','2016-11-30 17:06:23','2016-11-30 22:06:23','',6869,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PIP-COMP-NOVTYD16.png',0,'attachment','image/png',0),(8978,1,'2017-01-21 13:11:27','2017-01-21 18:11:27','<section class=\"one-sixth first\">\r\n<h4>Radar Trades Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-22012017.png\"><img class=\"aligncenter size-large wp-image-8961\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-22012017-763x1024.png\" alt=\"\" width=\"763\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-22012017.png\"><img class=\"aligncenter size-large wp-image-8961\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-22012017-763x1024.png\" alt=\"\" width=\"763\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n<h2>PREVIOUS YEARS</h2>\r\n<img class=\"aligncenter size-full wp-image-8807\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/RADAR-2016-COMPLETE.png\" alt=\"\" width=\"856\" height=\"938\" />\r\n<a href=\"https://weeklyfxdrivethru.com/radar-trades/radar-2015-comp/\" rel=\"attachment wp-att-6985\"><img class=\"aligncenter wp-image-6985\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/RADAR-2015-COMP.png\" alt=\"RADAR 2015 COMP\" width=\"511\" height=\"535\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-2014-COMPLETE.png\"><img class=\"aligncenter wp-image-8858\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-2014-COMPLETE.png\" alt=\"\" width=\"489\" height=\"487\" /></a>\r\n\r\n</div>\r\n</section>','Radar Trades','','inherit','closed','closed','','2524-revision-v1','','','2017-01-21 13:11:27','2017-01-21 18:11:27','',2524,'http://weeklyfxdrivethru.com/2524-revision-v1/',0,'revision','',0),(8983,1,'2017-01-21 13:23:16','2017-01-21 18:23:16','','DEMIO WEB FOR NOTICEBOARD','','inherit','open','closed','','demio-web-for-noticeboard','','','2017-01-21 13:24:13','2017-01-21 18:24:13','',8921,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/DEMIO-WEB-FOR-NOTICEBOARD.png',0,'attachment','image/png',0),(9033,1,'2017-01-28 10:47:48','2017-01-28 15:47:48','&nbsp;\r\n<ol>\r\n 	<li><strong>INTRODUCTION:</strong></li>\r\n</ol>\r\nI thought that this week I would be very upbeat on performance and on how January has turned around. Maintaining my honesty with my approach in this blog, I have to say that my analogy last week of “one step forwards…  two steps back”, can be further enhanced this week by saying FFS and WTF.\r\n\r\nI am not a happy trader at the moment. I have allowed some loss (under water) trades to dominate my time, energy and focus. Whilst, fundamentally, I may be trading in the correct direction, this stupid error on my behalf has deflected and distracted me for the whole of last week. I have been focused on losing trades, and letting a few set-ups on charts go by. Elementary errors, and I thought that I had eradicated these from my trading approach… apparently not.\r\n\r\nJust because I have strong fundamental views on particular currencies and geopolitical events, I had jumped in perhaps a little too strong instead of a gradual easing into positions. I have been guilty of trying to pick a series of tops and bottoms, inside a time-line, that has a new and without doubt volatile U.S. President, whose antics are reminiscent of a children’s playground at times.\r\n\r\nMoving on from the pleasantries…\r\n\r\nThe big news items last week involved personalities, Theresa May (UK Prime Minister) and Donald Trump (U.S. President).\r\n\r\nThe supreme court in the UK passed a ruling that the UK Parliament must ratify the decision to BREXIT. Thankfully, it did not give special dispensation to the devolved governments in Northern Ireland, Scotland and Wales. Had this been included in the decision there is no doubt in my mind that the March 31<sup>st</sup> deadline imposed by the Prime Minister to trigger article 50 would not be met. Even now, there is a chance that MP’s who are happy to run the gauntlet against their constituents wishes and maybe vote REMAIN in a “commons” vote, could table some amendments to the bill served on the UK Parliament, all 137 words of it, last Thursday. There is a very tight passage for the bill, including sanction time in the House of Lords for it to return back to the House of Commons in February for a vote. We shall see.\r\n\r\nOn the other side of the pond, \"THE DONALD\" has been signing off executive order after executive order keeping his campaign promises intact.\r\n\r\nTRUMP has amongst a few other things: -\r\n<ul>\r\n 	<li>Had a twitter fight with the Mexican President and called off a state visit. Kissed and apparently made up via a telephone call. But do not mention “the wall”, I mentioned twice last night by the way and I got away with it!!</li>\r\n 	<li>Told the big three domestic car manufactures to build in the USA or face stiff import tariffs.</li>\r\n 	<li>Enraged the greens over pipe-line approvals.</li>\r\n 	<li>Banned immigration to the U.S. from a selection of Middle Eastern and African nations.</li>\r\n 	<li>Banned ALL refugees for 120 days.</li>\r\n 	<li>Went to the Pentagon saying he thinks water-boarding is fine, but then said yer man in charge of this area “Mad Dog” Mattis can overrule him, it’s his decision****.</li>\r\n 	<li>Had a meeting, lunch and held hands with Theresa May (UK Prime Minister) in Washington under the pretense of discussing the framework for a bilateral trade agreement.</li>\r\n 	<li>Abe (Japan, Prime Minister) is not far behind on a trip to Washington to match the UK. He is apparently booked in for a chat next week now that THE DONALD has withdrawn the U.S. from the Trans Pacific Partnership (TPP).</li>\r\n</ul>\r\nAll \"THE DONALD\" needs to complete a great job done in his first week is out China as a currency manipulator!\r\n\r\nPLEASE NOTE FROM ABOVE: **** I cannot let this point go by, it just would not be fair. If THE DONALD is going to rule the Country like a business and delegate authority like he has indicated here, and if this were to be done across the board,\r\n\r\ni.e. He leads with his ideas and his cabinet manage, personally, I think that this is a “Good Thing”.\r\n\r\nI believe in management by delegating actions, it is a proven business win, it allows for confrontation, debate, reconciliation and agreement, and at the same time 100% focus, without diversity from the big picture for a leader. Should this style take hold in Washington, America could reap some big wins.\r\n\r\nYou may not agree on the policy, but things may actually get done. That in itself would be a huge, momentous, massive achievement for a dysfunctional environment that is still spilt by the party divide.  The Democrats have played their hand quite blatantly in the first week; the good of party not the people. The party first, NOT America still prevails, and it is probably deeper now given style and antics of THE DONALD so far.\r\n\r\n(You see I can offer a balanced approach)\r\n\r\n&nbsp;\r\n\r\nMoving on… “LIVE Broadcasts – THE WEEKLY FX DRIVE THRU – LIVE”.\r\n\r\nMy webinar last Monday plagued a great deal with software issues that I thought I had mastered in my demo runs. I am hoping that #2 on Monday 30<sup>th</sup> at 5:30PM will be a little easier.\r\n<ul>\r\n 	<li>You need Google Chrome as a browser to attend.</li>\r\n 	<li>You cannot view on smart phones or tablets, only Laptops and Desktops.</li>\r\n</ul>\r\nThe link is below: -\r\n\r\nhttp://bit.ly/drivethru-live\r\n\r\n&nbsp;\r\n\r\nFinally, in this section…\r\n\r\nIf you would like to be in the monthly draw to win a “FREE 10-WEEK SUBSCRIPTION” to the PREMIUM SERVICE, valued at CAD$1,000.00, all you have to do is subscribe to receive this FREE NEWSLETTER on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>  On my welcome page just below my cube logo is where you complete your subscription.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE FX MARKET PLACE – LOOKING FORWARD:</strong></li>\r\n</ol>\r\n<strong><u>NOTE:</u></strong> This year, 2017, I am not going to look backwards in this section only forwards. News items / points of interest from the prior week will be covered in the introduction.\r\n\r\n<u>ECONOMIC DATA RELEASES:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-NEWS-28012017.png\"><img class=\"aligncenter size-large wp-image-9007\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-NEWS-28012017-915x1024.png\" alt=\"\" width=\"915\" height=\"1024\" /></a>\r\n\r\n<u>MY THOUGHTS ON THE WEEK AHEAD:</u>\r\n\r\nBig week coming up culminating with the US Jobs data on Friday.\r\n\r\nSeveral items catch my eye this week: -\r\n<ol>\r\n 	<li>BOJ: It will be interesting to read the narrative this time around vis-à-vis the US changes that have taken place. Whilst I strongly suspect that Kuroda (BOJ Governor) will remain dovish and 100% supportive of a weak Yen, the JPY is currently being used as the flight to safety currency given that it is only 0.10% per overnight for institutions in comparison to the CHF which is a 0.75% cost. There could be rhetoric about this as the JPY weakness trade has pulled back significantly from the 118.00 levels seen after TRUMP was elected. Whilst we are hanging around the 115.00 level we have tested the trend lows at 112.50 regularly of late.</li>\r\n 	<li>CAD: The GDP number on Tuesday will be an interesting read to see if any clues can be sought following Poloz’ ill-timed (in my opinion) mention that interest rate cuts were back in the frame once again.\r\n\r\nSince then we have seen the TRUMP pipeline order that has strengthened the CAD somewhat, but the GDP number will be a great tester to look out for moving forward.</li>\r\n 	<li>NZD: Jobs data on Tuesday. Most NZD data of late have been beats. I would prefer the mother of all fails…DIE KIWI DIE!!! As you may guess I am short the NZD currency. Talk about self-inflicted pain!</li>\r\n 	<li>CHINA: Manufacturing PMi data will be a good read. This will spill over into both the AUD and NZD pairs for potential moves.</li>\r\n 	<li>UK: Manufacturing, Construction and Services PMi, Interest Rate, BOE Inflation Report, Monetary Policy Summary and Mark Carney speaks…\r\n\r\nA plethora of UK data and information to absorb, plus we will have the TRUMP / MAY bilateral trade talks to digest. If that is not enough there will be BREXIT progression through the UK parliament to consider as well.\r\n\r\nThere is a lot of data. Carney’s words and BREXIT will, in my opinion dominate. The market may be looking for inflation hints and ideas on interest rate increases. Quite frankly, I think that Carney would do nada, even if he had inflation at 3%. But that is just my opinion.</li>\r\n 	<li>RBA: Monetary Policy Statement. I believe in the Central banks so I will read this one from Dr. Lowe with interest.</li>\r\n 	<li>USD: Jobs data, the FOMC Policy statement, Consumer Confidence, ISM PMi data and “THE DONALD”.\r\n\r\nThis will be an interesting week stateside. Janet Yellen, can’t really do too much at the moment given the fact the policies from TRUMP so far are just impressive signatures on a series of Executive orders. The US data is improving and I am certain that should “THE DONALD” focus on infrastructure spending and Tax Reform these will be sufficient to have Yellen attempt to turn HAWKISH. Frankly, I do not think that she has it in her to go HAWKISH, once a DOVE always a DOVE in my opinion. If she treasures her job she’ll go HAWKISH good style and be ahead of the curve. Otherwise in my opinion TRUMP will have her out, quicker than wife Melania can say “Baron, pass me the HP sauce”.\r\n\r\nMost of the time next week, we will be waiting on “THE DONALD” to fill up our otherwise boring, dreary existences!</li>\r\n</ol>\r\nAll in all, it will be a heavy week, with little sleep. However, even with all this data and information about to be directed our way, I am still not certain that we will have the clues we need moving forward into the medium term.\r\n\r\nThere is so much uncertainty surrounding “THE DONALD”, THE BREXIT and THE EUROZONE it is a day to day existence in my world, which I hate. I much prefer a steady directional move in place even with pullbacks and the like involved. Right now, we leap one way then the other on news items rather than policy. This is not good for the markets or its participants.<u> </u>\r\n\r\n&nbsp;\r\n\r\n<u>USD MAJORS – “IMMEDIATE” SUPPORT &amp; RESISTANCE with TREND:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/TCHART-28012017.png\"><img class=\"aligncenter size-large wp-image-9008\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/TCHART-28012017-1024x809.png\" alt=\"\" width=\"1024\" height=\"809\" /></a>\r\n\r\nMy trade charts for the USD majors are below. My thoughts, views and commentary is written on the charts.\r\n\r\nYou will find my charts, hopefully easy to follow. I only use Fibonacci levels, trend lines, confluence points and sometimes chart patterns to identify my high probability trades. If you have any difficulty understanding the points that I am trying to make, please do not hesitate to contact me.\r\n\r\nEUR/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9013\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9014\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9012\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9015\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9016\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9017\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-28012017.png\"><img class=\"aligncenter size-large wp-image-9018\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n<strong>\r\n\r\n</strong>\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and costs to subscribe plus the various trade styles and how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE, you will require a valid credit card.\r\n\r\nIf you would like to watch/listen to a 40-minute PREMIUM SERVICE webinar to learn more about what I can do to help you with your trading. Then click the link below and register. It is FREE… it costs nothing to listen.\r\n\r\n<a href=\"http://www.onlinemeetingnow.com/register/?id=wrklqabmy3\">http://www.onlinemeetingnow.com/register/?id=wrklqabmy3</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><strong> PREMIUM SERVICE – SUBSCRIBER CONTENT AREA:</strong></li>\r\n</ol>\r\n<u>TRADING REVIEW:</u>\r\n\r\nI mentioned it earlier and I put similar comments out on TWITTER early last week, that I was having issues overcoming some CORE POSITIONS that were up in my face namely “cable”.\r\n\r\nI have the GBP/USD still in a separate account from when we were posting BREXIT trades last year. It is a sizeable account but I had earmarked the monies to be split into 3 accounts moving forward. This was pre-occupying my time and the delay to move monies and because it would affect my RISK limits it was affecting me, when it shouldn’t have.\r\n\r\nI think I wrote about this “pre-occupation” “focus” on the negative a couple of years ago, when I wrote several articles on the psychology of trading. I am over it now, but I cannot believe how I let that negative get to me so much, it consumed me for about 72 hours.\r\n\r\nMoving on…\r\n\r\nThe trading week is poor. I hate it and I cannot wait to get January out of the way and move into a fresh month. I wrote to a couple of you during the week and stated that last year it was “ice-storms” that cleared out many big trades, the year before the EUR/CHF peg removal, so I may look at January as one of those type of events should I decide to clear out some trades that just aren’t doing it!\r\n\r\nHaving said that, there were not that many set-ups in the past week that interested me. It was chop, chop and more chop most of the time, there simply weren’t many trades that stood out in my opinion. I have a 30-minute FLASH TRADE style called the pullback strategy. When all else fails, this works, because of its short-term involvement with a trade. Using my tried and tested parameters from the past 5/6 years…nada. That said it all for me last week. That being said, I did let a couple of fundamental trades go by.\r\n\r\nAnyway, moving onwards and upwards to infinity and beyond!\r\n\r\n&nbsp;\r\n\r\n<u>MOVING FORWARD:</u>\r\n\r\nThis week will be hard. There are not that many opportunities about and we are short on policy but extremely high on rhetoric at the moment. It is not a conducive mix for great trading. I will therefore need to be cautious and trade in the knowledge that a TWEET could scupper all plans.\r\n\r\nI have placed LIMIT ORDERS on AUD/USD and I have decided to re-enter the NZD/USD short again to add to my AUD/NZD and EUR/NZD positions. I want to get involved with the USD/CAD but I had one poor losing trade last week.  With pipelines news dominating plus it also appears that USDCAD correlation to oil is somewhat tenuous at the moment I will now stand aside and wait.\r\n\r\nTHE FED, RBA, BOJ and BOE are all giving policy outlines this week and my hope is that I will be better equipped this time next week with some insights and updates on policies. My fear is that I will still be a mushroom, kept in the dark and fed sh**e.\r\n\r\nCorrelations are off, some people say lagging. This is also a major concern re: confidence in a trade set up being valid.\r\n\r\n<u>CORE TRADES:</u>\r\n<ol>\r\n 	<li>AUD/NZD: – Frustrating as it is I am still a believer. I will continue to add on pullbacks and lift off 50 -100 pip gains as they become available. Patience is the key.</li>\r\n 	<li>I have also added the EUR/NZD to the NZD portfolio. I have two LIVE trades plus a “BUY STOP” limit order in place. I did believe that this pair would be well in a healthy positive position by now. It looks like I will need to be patient and bide my time.</li>\r\n 	<li>EUR/USD and USD/CHF: - Core positions now being established and I am looking to add more trades as the month progresses.\r\n\r\nAlways going to be looking to add, I think that for at least Q1 and Q2 the EUROZONE will remain under downside pressures. If BREXIT negotiations are difficult, which I believe they should be, the German desire for the ECB to raise rates could be seen for what it is, which is, in an election year pure and utter propaganda to win over the German savers who have been taken to the cleaners with zero savings interest rates for many years now and at all elections they are being fed a plate of empty promises.</li>\r\n 	<li>GBP/USD: - started building and have taken profits and a for the sake of holding RISK TOLERANCE intact also a big loss already on this position. This could be an annoying trade, as you know only too well, the cable can be a slippery little fecker at the best of times. It has the ability to take out all longs and all shorts out of the market in a single session.\r\n\r\nOne will require patience with this pair as it will flip flop all over the place.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>THE WEEKLY FX DRIVE THRU – LIVE:</u>\r\n\r\nNext webinar:  Monday January 30th<sup>d</sup> 2017 at 5:30PM EST.\r\n\r\nYou can register on the link below; they will be recorded and distributed after the event. To access the webinar or see the recording you will need Google Chrome as your browser, and, for a short initial period the webinars will NOT play on smart phones or tablets.\r\n\r\nhttp://bit.ly/drivethru-live\r\n\r\n<strong> </strong>\r\n\r\n<u>PREMIUM SERVICE - TRADES REVIEW<strong>:</strong></u>\r\n\r\nCURRENT PREMIUM SERVICE - LIVE TRADES:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE1-28012017.png\"><img class=\"aligncenter size-large wp-image-9010\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE1-28012017-813x1024.png\" alt=\"\" width=\"813\" height=\"1024\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE2-28012017.png\"><img class=\"aligncenter size-large wp-image-9011\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIVE2-28012017-925x1024.png\" alt=\"\" width=\"925\" height=\"1024\" /></a>\r\n\r\nCURRENT PREMIUM SERVICE – LIMIT ORDER TRADES:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-28012017.png\"><img class=\"aligncenter size-large wp-image-9009\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-28012017-756x1024.png\" alt=\"\" width=\"756\" height=\"1024\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> SCOTT’S SOAPBOX:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>WHERE NEXT FOR THE USD (DXY)?</strong></p>\r\nThis will be a very short article…\r\n\r\n“It’s anyone’s guess, fu**ed if I know”.\r\n\r\nHave a great week trading and good luck!\r\n\r\nSo, there ya go….\r\n\r\n&nbsp;\r\n\r\nAs a fundamental trader, and someone who prefers to take a longer-term time horizon with trading, this market is difficult for me at the moment.\r\n\r\nI, like most of you, will listen to and watch the likes of BLOOMBERG and CNBC and take note of what the expert analysts say. The problem as I see it is, these guys have no clue either in the short-term other than say that it will be volatile. With their so-called “picks”, I would have to say that quite frankly my 5 year Labrador Ozzy would be just as accurate. Like most of the analyst’s, Ozzy has “no skin” in the game either.\r\n\r\nLet’s face facts they all (analysts) got it wrong on how the markets would react to a TRUMP Presidency and they have in my opinion shown the same consistency since.\r\n\r\nThe simple facts are: -\r\n<ul>\r\n 	<li>The GBP has reacted to the BREXIT news.</li>\r\n 	<li>The JPY rallied and then pulled back.</li>\r\n 	<li>The MXN has been up and down like a stripper on a greasy pole ever since TRUMP was elected.</li>\r\n 	<li>We are just in a sideways range, with the odd spike here and there.</li>\r\n</ul>\r\nLong term I feel comfortable with my directional core position trades. However, apart from watching the “chop-chop” everyday what clues am I looking at, and what am I looking for?\r\n\r\nI have written over the past few years in this blog about about CORRELATIONS, LEAD INDICATORS and ALIGNMENTS. Trading Forex is repetitive and for the most part boring. It is the same old, same old day after day.\r\n\r\nMy wife and I love our two dogs Ozzy and Aoife (Black Labradors, brother and sister), I often joke about how much of their lives are spent waiting. An hour before feeding time in the morning and the evening they are like coiled cobras waiting to pounce. They are stressing out about food; “I need it now”. They wait in the sitting up position staring at you trying to brainwash you to feed them early. You put them out in the gardens to do “wee’s and poo’s, they come back to the door and wait. Every day the same routines are repeated over and over.\r\n\r\nMy point is, my existence at the moment, is very similar to my dogs, in the sense that I am waiting and staring for hours on end at my computer screens for something meaningful to happen.\r\n\r\nMoving back to my point…\r\n\r\nMy LEAD INDICATORS are where I am spending most of my time looking for ideas, alignments and correlations as well as some inspiration. My LEAD INDICATORS are: -\r\n\r\n<strong>DXY, OIL, GOLD, COPPER, USD/SEK, USD/CAD and AUD/USD</strong>.\r\n\r\nMy routine is as follows; I scan all seven charts each time before I start trading. I also look at US 30 year treasuries and the S&amp;P on most occasions.\r\n\r\nI use the daily charts just to see alignments and correlations. These give me directional trading confidence. At the moment, some correlations are off and alignments are not at 100%.\r\n\r\nNow let’s get this straight. This is not analysis paralysis. As you will see from the charts below, I am getting a flavour, of course if I want to dig deeper I can and I do. But in real terms I am usually drinking my first coffee of the day as I look though these charts. These charts are basic, clear, very little on them. They are simple, clean and functional for what I want. I am looking for changes from the previous day, how has Asian news affected these charts, if at all. What about the European open has anything taken hold?\r\n\r\n&nbsp;\r\n\r\nUSD Index (DXY):\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/DXY-28012017.png\"><img class=\"aligncenter size-large wp-image-9020\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/DXY-28012017-1024x431.png\" alt=\"\" width=\"1024\" height=\"431\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above Daily DXY chart has been on one my screens since early December last year. If I miss a tweet from THE DONALD, not to worry the effect is usually seen here most of the time.\r\n\r\nOver the longer-term the DXY has broken higher. Right now, we are moving lower but within this move, the longer-term overall move is making a series of higher lows. This gives me some comfort, as ultimately I am bullish the USD. Since “THE DONALD” was elected we have been moving lower, then higher, than lower again. The level of 100.00 is a key psychological number. Just below we have 99.80, which has acted as support from where we have based and started to move higher once again.\r\n\r\nXAU/USD (GOLD):\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-GOLD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9023\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-GOLD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nI look at GOLD as being inverse with the USD currency overall with a high correlation to the CHF. Generally speaking, the correlation with the USD is intact. If you compare the two charts we are following the same route. As the DXY based for say three days the GOLD chart topped for a similar period.\r\n\r\n&nbsp;\r\n\r\nUSOIL (OIL):\r\n\r\nI look at these LEADING INDICATOR charts very quickly first thing to get an overall feel.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/Wti-28012017.png\"><img class=\"aligncenter size-large wp-image-9021\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/Wti-28012017-1024x432.png\" alt=\"\" width=\"1024\" height=\"432\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nWith regards to OIL. I do not believe a word that comes out of OPEC and in my opinion it will just be a matter of time before the first violator of the production freeze is outed. That aside, $55.00 is the top and I am now looking at $52.46 as the 61.8% retracement to see will that hold or fail. After we have a trend line support and then in my opinion I see a test of $50.00 and then we go lower. The OPEC deal will be dead in the water by this stage, I think they were hoping for almost $70.00, the fact that $55.00 could not be passed must be biting hard.\r\n\r\nThe correlation of OIL to the USD/CAD is off at the moment.\r\n\r\n&nbsp;\r\n\r\nXCU/USD (COPPER):\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/COPPER-28012017.png\"><img class=\"aligncenter size-large wp-image-9019\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/COPPER-28012017-1024x453.png\" alt=\"\" width=\"1024\" height=\"453\" /></a>\r\n\r\nI get asked many times why Copper?\r\n\r\nVery simple, copper is used in all types of buildings in wiring. It is a great indicator of the building industry. It’s usually bought early, ahead of other commodities and as I have stated many, many times before “IT’S ALL ABOUT COMMODITIES” … the rest follows. We may get “laggers” but the rest follows.\r\n\r\nThe COPPER chart above looks to be a potential bullish wedge breakout. This is one to keep on your radar moving forward.\r\n\r\nCopper and the AUD are linked in my opinion. The Copper chart looks bullish, the AUD/USD is far from it. It is sideways looking more bearish than bullish. With the AUD/USD being linked to copper and as a commodity currency it\'s a great barometer of several markets in my opinion.\r\n\r\n&nbsp;\r\n\r\nUSD/SEK:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-USDSEK-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9025\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-USDSEK-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nIn a channel, downwards sloping channel and going sideways. It has been trying to establish a base ahead of 8.7800, which offers great support from October 2016.\r\n\r\nThis pair is extremely USD sensitive and is a superb gauge in my opinion to get sentiment. We are sideways. That says to me clear snow / paint a wall / walk the dogs.\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-USDCAD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9024\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-USDCAD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs we all know, it has been the proxy for OIL. This has uncoupled of late especially as “THE DONALD” has been signing his name over a few pipelines related executive orders.\r\n\r\nI have mixed views here. “THE DONALD” is strengthening the CAD. Poloz at the BOC is looking at rate cuts, which should weaken the currency.\r\n\r\nThe currency pair itself whilst showing weakness over the past two days cannot be trusted. It has been screwing with longs and shorts taking them both out in the same session with extreme moves.\r\n\r\nI do NOT like it when this currency which is renounced for prompting USD moves first cannot be trusted.\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-AUDUSD-D-28012017.png\"><img class=\"aligncenter size-large wp-image-9022\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/SCOTTS-SOAPBOX-CHART-AUDUSD-D-28012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\nNot comfortable with this pair. It is not following Copper or vice versa and its Antipodean counterpart, the NZD is much stronger at the moment with bolder moves. Whilst I do think that 0.7610 is a great short to sell against. It is with extreme caution and a tight stop given the Copper chart.\r\n\r\n&nbsp;\r\n\r\nSUMMARY:\r\n\r\nAs you can hopefully see using charts to try and gauge the USD direction is also as unclear as the TV pundits. We have in my opinion a lot of mixed messages.\r\n\r\nSo, when I started this article with “fu**ed if I know” … I do not believe that I am alone. If you are looking to blame someone blame “THE DONALD”.\r\n\r\nMost of the market uncertainty is based around the US President. His aggressive stance on trade protectionism is scaring the crap out of some people. I believe the FED’s inflation objective of 2% will be achieved very quickly once increased costs flow through the US economy and FED interest rate hikes will be on time, possibly quarterly.\r\n\r\nThe UK will not be far behind. It is the commodity currencies that will lag in my opinion as factory prices will be held for as long as possible and then this pressure will force commodity prices lower initially followed by stocks. The USD should hit the recent 103.50 highs and then strike towards the 120.00 level from 2001-2002. Now there’s a call!!\r\n\r\nSo longer term you can see where I am coming from. Short-term, it is just chop-chop and more chop-chop.\r\n\r\nUncertainties over the BREXIT and the EUROZONE elections should give some directional trading, but, we live in a “King Dollar” world and directional trading at the moment is mostly in 20 minute chunks.\r\n\r\nTo give you something to hold onto. It was crucial in my opinion for the DXY to hold 99.80. I was thinking we could drift to 99.50. This in itself shows that the USD has value, it would at the moment, be the winner in the less ugly competition for some people because it has a value.\r\n\r\nYou can put lipstick on the EUR, but it is still a pig and its direction given all the headwinds it is facing in my opinion has to be lower. As the EUR accounts for over 50% of the DXY mix of the currency basket this will / should support the USD moving forward.\r\n\r\nI paint a challenging picture in the immediate time frames. That cannot be helped, it is how I see things.\r\n\r\nI am NOT comfortable trading at the moment, but what I will say quite categorically is PLAN YOUR TRADES if you are going to trade and LET THE TRADES COME TO YOUR PRICE… do not jump in all guns blazing.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n 	<li><strong> CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nNothing more to add here, I have said enough except,\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care, have a great trading week.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #125 PREMIUM SERVICE\r\nDATE: 29th January 2017.<strong>\r\n\r\n</strong>','WHERE NEXT FOR THE USD (DXY)?','','publish','open','closed','','next-usd-dxy','','','2017-01-28 10:47:48','2017-01-28 15:47:48','',0,'http://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=9033',0,'member_posts','',0),(8986,1,'2017-01-21 13:28:07','2017-01-21 18:28:07','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/WEBINARS-NOTICE-BOARD-170117.png\"><img class=\"aligncenter size-large wp-image-8954\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/WEBINARS-NOTICE-BOARD-170117-1024x952.png\" alt=\"\" width=\"1024\" height=\"952\" /></a>\r\n\r\n<img class=\"aligncenter size-large wp-image-8874\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/CB-INTEREST-RATES-2017-810x1024.png\" alt=\"\" width=\"810\" height=\"1024\" />\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','NEWSBOARD','','inherit','closed','closed','','8921-revision-v1','','','2017-01-21 13:28:07','2017-01-21 18:28:07','',8921,'http://weeklyfxdrivethru.com/8921-revision-v1/',0,'revision','',0),(8985,1,'2017-01-21 13:24:47','2017-01-21 18:24:47','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/DEMIO-WEB-FOR-NOTICEBOARD.png\"><img class=\"aligncenter size-large wp-image-8983\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/DEMIO-WEB-FOR-NOTICEBOARD-1024x960.png\" alt=\"\" width=\"1024\" height=\"960\" /></a>\r\n\r\n<img class=\"aligncenter size-large wp-image-8874\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/CB-INTEREST-RATES-2017-810x1024.png\" alt=\"\" width=\"810\" height=\"1024\" />\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','NEWSBOARD','','inherit','closed','closed','','8921-revision-v1','','','2017-01-21 13:24:47','2017-01-21 18:24:47','',8921,'http://weeklyfxdrivethru.com/8921-revision-v1/',0,'revision','',0),(9003,1,'2017-01-28 05:57:20','2017-01-28 10:57:20','','FUN 28012017','','inherit','open','closed','','fun-28012017','','','2017-01-28 06:24:13','2017-01-28 11:24:13','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-28012017.png',0,'attachment','image/png',0),(9004,1,'2017-01-28 05:57:32','2017-01-28 10:57:32','','POS1 28012017','','inherit','open','closed','','pos1-28012017','','','2017-01-28 06:28:39','2017-01-28 11:28:39','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1-28012017.png',0,'attachment','image/png',0),(9005,1,'2017-01-28 05:57:45','2017-01-28 10:57:45','','POS2 28012017','','inherit','open','closed','','pos2-28012017','','','2017-01-28 06:28:48','2017-01-28 11:28:48','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2-28012017.png',0,'attachment','image/png',0),(9006,1,'2017-01-28 05:57:57','2017-01-28 10:57:57','','POS3 28012017','','inherit','open','closed','','pos3-28012017','','','2017-01-28 06:28:55','2017-01-28 11:28:55','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS3-28012017.png',0,'attachment','image/png',0),(9007,1,'2017-01-28 05:58:08','2017-01-28 10:58:08','','ECON NEWS 28012017','','inherit','open','closed','','econ-news-28012017','','','2017-01-28 10:37:05','2017-01-28 15:37:05','',9033,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-NEWS-28012017.png',0,'attachment','image/png',0),(8760,1,'2016-11-30 17:05:49','2016-11-30 22:05:49','<section class=\"one-sixth first\">\r\n<h4>RISK/REWARD ANALYSIS:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/CONS-PERF-NOV16.png\"><img class=\"aligncenter size-large wp-image-8752\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/CONS-PERF-NOV16-854x1024.png\" alt=\"cons-perf-nov16\" width=\"854\" height=\"1024\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/CONS-PERF-OCT16.png\"><img class=\"aligncenter size-large wp-image-8566\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/CONS-PERF-OCT16-848x1024.png\" alt=\"cons-perf-oct16\" width=\"848\" height=\"1024\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/09/CONSOLIDATED-PERF-SET2016.png\"><img class=\"aligncenter size-large wp-image-8389\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/09/CONSOLIDATED-PERF-SET2016-838x1024.png\" alt=\"consolidated-perf-set2016\" width=\"838\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS\r\n<a href=\"https://weeklyfxdrivethru.com/completed-trades-risk-reward-analysis/ps-risk-reward-31122015/\" rel=\"attachment wp-att-7054\"><img class=\"aligncenter wp-image-7054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31122015.png\" alt=\"PS RISK REWARD 31122015\" width=\"645\" height=\"796\" /></a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter wp-image-4964\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"645\" height=\"804\" /></a></h2>\r\n</div>\r\n</section>','RISK/REWARD ANALYSIS','','inherit','closed','closed','','5006-revision-v1','','','2016-11-30 17:05:49','2016-11-30 22:05:49','',5006,'http://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(8761,1,'2016-11-30 17:06:30','2016-11-30 22:06:30','<section class=\"one-sixth first\">\r\n<h4>PIP PERFORMANCE YEAR BY YEAR Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div>\r\n<h2>2016 v 2015\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PIP-COMP-NOVTYD16.png\"><img class=\"aligncenter size-large wp-image-8753\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PIP-COMP-NOVTYD16-1024x615.png\" alt=\"pip-comp-novtyd16\" width=\"1024\" height=\"615\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div>\r\n<h2>2015 v 2014</h2>\r\n<img class=\"aligncenter wp-image-6992\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PIP-COMP-2015-v-2014-COMP.png\" alt=\"PIP COMP 2015 v 2014 COMP\" width=\"1059\" />\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>','PIP PERFORMANCE YEAR by YEAR COMPARISONS','','inherit','closed','closed','','6869-revision-v1','','','2016-11-30 17:06:30','2016-11-30 22:06:30','',6869,'http://weeklyfxdrivethru.com/6869-revision-v1/',0,'revision','',0),(8763,1,'2016-11-30 17:14:11','2016-11-30 22:14:11','','ps-net-profits-ytdnov16','','inherit','open','closed','','ps-net-profits-ytdnov16','','','2016-11-30 17:14:48','2016-11-30 22:14:48','',3012,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/PS-NET-PROFITS-YTDNOV16.png',0,'attachment','image/png',0),(9114,1,'2017-02-15 08:08:10','2017-02-15 13:08:10','&nbsp;\r\n\r\n<strong>LIVE WEBINARS:</strong>\r\n\r\n&nbsp;\r\n\r\nEach Monday at 5:30PM EST, I will host a 30 minute LIVE WEBINAR... <strong>\"THE WEEKLY FX DRIVE THRU - LIVE\"</strong>\r\n\r\nThe link for the webinar is: -  <a href=\"http://bit.ly/drivethru-live\">http://bit.ly/drivethru-live</a>   (You can register at any time)\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE</span>: - For a short time the webinar can only be viewed by using the \"Google Chrome\" browser and does not support either smartphones or tablets.\r\n\r\nIn addition, the completed webinar will be uploaded to my \"YOU TUBE\" channel (Weekly Fx Drive Thru). You can watch via \"YOU TUBE\" or subscribe to my \"YOU TUBE\" channel and to receive the webinar direct to your inbox after it has been uploaded. The link to connect to my \"YOU TUBE\" channel is below: -\r\n\r\n&nbsp;\r\n\r\n<strong> PRESENTATIONS and SEMINARS</strong>:\r\n\r\nJust prior to the summer of 2016, I completed a three week tour of the UK and IRELAND presenting AN INTRODUCTION TO FOREX TRADING with THE PREMIUM SERVICE. I would like to thank those of you who came along to make the presentations worthwhile.\r\n\r\nIt was my intention to repeat these presentations in 2017 in different parts of the UK. However, several key events for 2017 have already been inked into my schedule and it now impossible to fit in a series of presentations into my calendar.\r\n\r\nIt now looks as though early 2018 will be the first opportunity that I will have to travel and present.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n17th January 2017','UPCOMING LIVE EVENTS (SEMINARS / TRAINING)','','inherit','closed','closed','','4239-revision-v1','','','2017-02-15 08:08:10','2017-02-15 13:08:10','',4239,'http://weeklyfxdrivethru.com/4239-revision-v1/',0,'revision','',0),(8930,1,'2017-01-13 17:01:17','2017-01-13 22:01:17','','FUN 15012017','','inherit','open','closed','','fun-15012017','','','2017-01-14 12:19:36','2017-01-14 17:19:36','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-15012017.png',0,'attachment','image/png',0),(8931,1,'2017-01-13 17:01:22','2017-01-13 22:01:22','','POS1 15012017','','inherit','open','closed','','pos1-15012017','','','2017-01-14 12:20:54','2017-01-14 17:20:54','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1-15012017.png',0,'attachment','image/png',0),(8932,1,'2017-01-13 17:01:28','2017-01-13 22:01:28','','POS2 15012017','','inherit','open','closed','','pos2-15012017','','','2017-01-14 12:21:00','2017-01-14 17:21:00','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2-15012017.png',0,'attachment','image/png',0),(8933,1,'2017-01-13 17:01:33','2017-01-13 22:01:33','','T CHART 15012017','','inherit','open','closed','','t-chart-15012017','','','2017-01-14 12:02:57','2017-01-14 17:02:57','',8944,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017.png',0,'attachment','image/png',0),(8934,1,'2017-01-13 17:01:37','2017-01-13 22:01:37','','ECON DATA 15012017','','inherit','open','closed','','econ-data-15012017','','','2017-01-14 12:02:25','2017-01-14 17:02:25','',8944,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017.png',0,'attachment','image/png',0),(8935,1,'2017-01-13 17:01:49','2017-01-13 22:01:49','','LIMIT ORDERS 15012017','','inherit','open','closed','','limit-orders-15012017','','','2017-01-14 12:06:51','2017-01-14 17:06:51','',8944,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/LIMIT-ORDERS-15012017.png',0,'attachment','image/png',0),(8845,1,'2016-12-21 14:55:51','2016-12-21 19:55:51','<div>\r\n<h3 style=\"text-align: center;\"></h3>\r\n<h3 style=\"text-align: center;\"></h3>\r\n<h3 style=\"text-align: center;\"></h3>\r\n<h3 style=\"text-align: center;\">THE PREMIUM SERVICE\r\nThe Home of Single-Lot Trading</h3>\r\n&nbsp;\r\n\r\n<strong>1. What is the PREMIUM SERVICE?</strong>\r\n\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups  both as they happen, or by a strategic entry, plus you will also receive from time to time my thoughts and views on the Forex market. They are my trades, my ideas. I will let you know what I am doing, but I cannot advise you whether to trade or not. If you like the trade that I am taking the decision to trade or not is entirely up to you.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.  Whilst I cannot 100% guarantee that you will make money from the trades I suggest, the PREMIUM SERVICE now has a two-year track record of a profitable performance, regardless of the size of your investment into the Forex market.\r\n\r\nThe PREMIUM SERVICE is different from other TRADE SIGNAL providers. I offer a personal service that invites you to ask questions. I am contactable at most times. I enjoy interaction with my subscribers. I consider myself an educator as well as a trader. I trade my set-ups.\r\n\r\n</div>\r\nMy aim is to create a consistency in trading for all subscribers, whether you are trading with a broker account of $1,000.00 or $500,000.00. The thrill / delight of a trade set-up performing in line with your expectations is still exciting to me after many years of trading.\r\n<div>\r\n\r\n&nbsp;\r\n\r\n<strong>2. How did the PREMIUM SERVICE evolve?</strong>\r\n\r\nI started trading Forex about 10 years ago. Like many new traders I thought that the Forex Market was: -\r\n\r\na)    An easy way to add an additional income stream into my family’s monthly finances.\r\n\r\nb)    Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.\r\n\r\nc)    Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.\r\n\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained. Details of the first two years of the PREMIUM SERVICE performance are set out below in section 6.\r\n\r\nThe PREMIUM SERVICE has completed two years of performance with a full, complete and published profitable trading history behind it.  My initial goals and objectives have been achieved. Feedback from subscribers is positive. There is a family \"feel\" to the service and I am to coin a phrase…. absolutely delighted.\r\n\r\nThe PREMIUM SERVICE moves into 2016, stronger and with an additional trade style  POSITION  TRADES formerly \"PART-TIME TRADE TRADES\". There are thousands of Forex traders in the world that I classify as PART-TIME. They fall between a rock and hard place when it comes to help. Brokers are just not interested. Forex trading is lonely as we all know and the PART-TIME trader is even more remote. My goal is to bring the PART-TIME TRADER into the PREMIUM SERVICE by providing these traders with limited computer/ smart phone access specific trades.\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div>\r\n\r\n<strong>3. The PREMIUM SERVICE is for all traders - what type of trader are you?</strong>\r\n\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience: -\r\n<ul>\r\n 	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream. PART-TIME traders specifically, should also check out my other tab on my landing page titled PART-TIME TRADERS. The POSITION trade set-ups are hoped to be longer-term, specifically aimed at traders who do not have unlimited access to their devices to check trades. These trades are for those traders who can only view their computers only twice/three times a day to review progress in full. I do however, assume via an iPhone or equivalent that you could react to the odd trade amendment that may be sent via twitter. Whilst these longer-term POSITION trades are aimed at PART-TIME traders they are of course open to all traders.</li>\r\n 	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n 	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n 	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>4. My four TRADE STYLE definitions:</strong>\r\n\r\n<strong>RADAR TRADES (RT):</strong>\r\nThese are pre-meditated limit order entry trades set from either Fibonacci levels, pivot points or previous support and resistance based off a combination of horizontal or trend line support or resistance. The goal if possible, is to allow the trade to gather traction and develop into a swing or even a longer-term position trade.\r\n\r\nRADAR TRADES are realistically designed and more suitable to day traders, or traders with a shorter time framed horizon with trades. However, as stated they can sometimes progress further.\r\n\r\nIn my opinion traders need to be active to participate in these trade set-ups.\r\n\r\n<strong>FLASH TRADES (FT):</strong><u>\r\n</u>These trades are simply market opportunist trades in LIVE market conditions. These trades are either based off a pullback strategy, a GIMME10 strategy, or off momentum trading at the time of entry. The goal is to either take 10-30 pips or see a sufficient move to place a protective stop in place to see if a swing trade develops.\r\n\r\nSome FLASH TRADES may form part of an overall trading plan with a given currency pair, but the entry could not be made via a LIMIT ORDER.\r\n\r\nFLASH TRADES are realistically for traders with very short-term trading horizons. They are called FLASH because I see these as quick momentum trades, although, should the momentum keep moving these trades will remain in play. You will however notice that I will move stops to maintain profits and protect profits. It is rare that I hold onto these trades for more than a day. The usual life span is minutes rather than hours.\r\n\r\nIn my opinion, traders need to be very active to participate with these trade set-ups.\r\n\r\n<strong>FUNDAMENTAL TRADES (FUN):</strong><u>\r\n</u>These will be trades based off my TRADING PLAN goals for trades in line with my longer-term market views.\r\nTrades in this area will use in addition Fibonacci levels, Pivot points, trend lines and prior support and resistance levels, weekly and monthly ATR’s (Average True Ranges) when setting Stop Loss levels. These trades are hopefully of a longer-term nature. They will be initially “single-lot” sized trades due to the wider stop placements that will be applied.\r\n\r\nThese trades are for traders who look to hold onto positions for a few days, maybe weeks. Because they are limit order entry trades, usually, as a trader you do not need to be sitting in front of your screens 24 x 7 to participate with these trades.\r\n\r\n<strong>POSITION TRADES (POS):\r\n</strong>These trade set-ups are intended to have a longer-term trading perspective. They are not only targeted at traders who consider they are part-time Forex traders; obviously, all traders can of course take advantage. (My definition of a part-time trader is one who is only able to look at their computer screens, or, mobile devices to check trades two or three times a day). A key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The trades therefore have a smaller position size to allow for the swings in volatility, but multiple trades in the same currency pair are added when the core trade has gained traction in the desired direction.My goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits along the way, but hopefully at the same time letting trades run as far as possible.\r\n\r\nThese trades were initially launched for those traders who like to hold positions for weeks, even months, and for traders who do NOT want to sit in front of their screens 24 x 7. These trades are also suit PART-TIME traders who can only check their trades on twitter alerts two or three times a day or are only able to look at their computer screens only a few times a day.\r\n\r\n</div>\r\n&nbsp;\r\n<div>\r\n\r\n<strong>5. How does the PREMIUM SERVICE work; How is it different; What are your benefits of being a subscriber?</strong>\r\n\r\nFirstly, it is NOT an automated system.\r\n\r\nI have a simple annual target on pips; 10,000 pips from 40 weeks of trading.\r\n\r\nI provide you with my trade set-ups and trades that are on “MY RADAR”. I post trade set-ups at the <strong>@</strong>ThePremService twitter feed and I also email  the set-up data for all trade styles, except FLASH trades. During a typical week about 10 trades on average are posted. It is up to you if you decide to follow these trades or not, I am, just telling you what I am doing.\r\n\r\nPREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nNew in 2017, PREMIUM SERVICE (PLATINUM) subscribers will also receive if they want it, a monthly review one-on-one with me about the way the markets are trading, my general fundamental thoughts and views, plus we can review active trading styles etc. It is not compulsory for PLATINUM subscribers it is an option.\r\n\r\nIn addition, weekly PERISCOPE broadcasts will start offering all subscribers a direct insight into my thoughts on the market conditions.\r\n\r\nI also provide bespoke training, if YOU want it. This is priced individually based upon YOUR needs, timings and requirements. More details about this can be found under the EDUCATION tab in the section called Mentoring and Coaching.\r\n\r\nRead my TESTIMONIALS section, do not just take my word for it.  Everything is published...both the good and the not so good. Like every Forex trader I have losses, it is part of trading when RISK is involved. I have NO secrets all good and bad trades are published. What you see is what you get; I am NOT a CITIBANK or BARCLAYS, I am Scott Pickering a Forex Trader.\r\n\r\nTrading Forex is not a win it quick cash grab. It is basically a RISK ASSESSMENT analysis of  trading charts supported by a FUNDAMENTAL overview of the market. It is fascinating, exciting, thrilling, very rewarding but also frustrating and annoying all at the same time. There are many things written about Forex. It is often called a \"gamblers paradise\" because it\'s a 50-50 option....simply up or down. Better odds than Las Vegas. There is much more to Forex Trading than odds.\r\n\r\nIf you are a gambler please just go to Las Vegas or your closest Casino. Trading Forex involves added risk due to LEVERAGE that Las Vegas does NOT have.\r\n\r\nI can help you through the all the issues no matter what level of trading experience you have, as I have mentioned already I am a trainer / educator as well as a trader and one of my personal goals is to help traders trade with greater consistency as this provides longevity in trading.\r\n\r\nSo, what do you receive from me as a subscriber to the PREMIUM SERVICE: -\r\n\r\nAs soon as I see a trade set-up or a trade that I want to trade, I send out a tweet via my subscribers only TWITTER account @ThePremService see the example below: -\r\n\r\n</div>\r\n<div>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/TWEET2-FOR-WHAT-YOU-GET.png\"><img class=\"aligncenter size-full wp-image-7837\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/TWEET2-FOR-WHAT-YOU-GET.png\" alt=\"TWEET(2) FOR - WHAT YOU GET\" width=\"263\" height=\"324\" /></a>\r\n\r\n</div>\r\n&nbsp;\r\n\r\nAs you can see the trade set up is clear and is coded to the TYPE (FUNDAMENTAL ) of trade with a reference number (FUN344) that is used throughout my website and all communications to track the performance of the trade.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/EMAIL-FOR-WHAT-YOU-GET.png\"><img class=\"aligncenter size-full wp-image-7835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/EMAIL-FOR-WHAT-YOU-GET.png\" alt=\"EMAIL FOR - WHAT YOU GET\" width=\"463\" height=\"538\" /></a>\r\n\r\nThis excel sheet summaries the trade that was tweeted and also comes with the trading chart that accompanied the original TWEET regarding the set-up. As you can see from this example above, I flavour the trade set-up with my thoughts, what sized entry I am taking and what the RISK-REWARD is for the trade, plus as it was a LIMIT ORDER set-up, what the trade expiration date is that is set with my broker.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span> I am a trader 24x5 and NOT all trades will remain open based upon the original trade  parameters outlined when the set-up is posted. I have to adjust to the trade as the trade moves and how the markets are performing. I have to react to geopolitical news events as they happen. I will tell you via TWITTER what I am doing, whether it be moving the LIMIT position or the STOP position etc. but trading is also about reacting to market conditions and some trades will close earlier than originally intended and some trades will be pro-longed. I trade with FULL flexibility within my TRADING PLAN guidelines.\r\n\r\nIn addition to set-ups, I also provide some market insights and commentaries. This may come via email or via TWITTER as the example below: -\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/TWEET-FOR-WHAT-U-GET.png\"><img class=\"aligncenter size-full wp-image-7834\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/TWEET-FOR-WHAT-U-GET.png\" alt=\"TWEET FOR - WHAT U GET\" width=\"272\" height=\"304\" /></a>\r\n\r\n&nbsp;\r\n\r\nEach weekend, in addition to the commentary and insights that you receive from time to time during the week, as a subscriber you receive a complete version of the WEEKLY FX DRIVE THRU blog via PDF as well as the on-line version in the secure \"subscribers only area\" of my website. The exclusive subscriber version contains more information than the FREE NEWSLETTER version.\r\n\r\nIn the subscribers only area, there are pages of Forex background educational pages covering chart analysis, candlestick patterns and many trade style articles that support you as a Forex Trader. Also in this area is the history of the PREMIUM SERVICE covering its trading history.\r\n<ul>\r\n 	<li>I try to be different than other \"Signal Services\".</li>\r\n 	<li>I am NOT perfect; I am a human, NOT a robot.</li>\r\n 	<li>I am a trader as well as a trainer.</li>\r\n 	<li>My trades are transparent and I have losses like every trader has.</li>\r\n 	<li>My goal is to generate 10,000 pips per year.</li>\r\n 	<li>Unless I am achieving a ratio of 75% profitable trades and 25% loss making trades as a minimum, I am NOT happy with my performance.</li>\r\n 	<li>I work long hours and I eat and breathe the Forex market.</li>\r\n 	<li>As a subscriber, I tell you what I am doing and when I am doing it. It is up to you if you follow, copy or do your own thing.</li>\r\n 	<li>If you have any question regarding a PREMIUM SERVICE subscription, please contact me at: - premium service@weeklyfxdrivethru.com</li>\r\n</ul>\r\n<div>\r\n\r\n<strong>6. THE PREMIUM SERVICE –  Completed Annual Results for the first two years:</strong>\r\n\r\nTo give a complete view of the returns possible using the PREMIUM SERVICE, the annual performances below, include costs to trade that I am involved with, such as the costs to place a trade with your broker and the annual PREMIUM SERVICE subscription fees.\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE</span>: - The returns shown below are based off trading just single lots in each trading style/category. Obviously, if are able to trade two lot position sizes the gross returns would be double and the costs to trade also double. RISK MANAGEMENT also comes into play when position sizes increase and should you require help or guidance on this subject please contact me. In addition, remember, the spread sheets below show a net position including an annual subscription to the PREMIUM SERVICE.\r\n\r\n</div>\r\n<div>\r\n\r\n<strong>2015 COMPLETE:</strong>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2015-PS-PERF.png\"><img class=\"aligncenter size-large wp-image-8625\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2015-PS-PERF-991x1024.png\" alt=\"2015-ps-perf\" width=\"991\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n<div>\r\n<p style=\"text-align: center;\"><strong>Looking specifically at 2015 above:</strong></p>\r\n<p style=\"text-align: center;\">Let\'s assume that you are a single mini lot trader of ALL trades that were suggested.</p>\r\n\r\n</div>\r\n<p style=\"text-align: center;\">You would have made 690 trades\r\nCost $690.00\r\nGross Income from the 690 trades = $10,686.00\r\nLess your cost to trade of $690.00 = Net income of $9,996.00\r\nLess your PREMIUM SERVICE subscription of $ 795.00 = <strong>$9,201.00</strong></p>\r\n<p style=\"text-align: center;\">From your investment of $690 you could make $9,201.00\r\nEverything is published there are no secrets.</p>\r\n<p style=\"text-align: center;\">You just have to work at your screens as much as I do to be around for every trade set up\r\nWhere else can you get such a return on capital?</p>\r\n<p style=\"text-align: center;\">If you were able to trade 2 x mini lots your net return could be:-\r\n($10,686 x 2 = $21,372.00 - (690 x 2 ) $1,380 = $19,992.00\r\nLess your PREMIUM SERVICE subscription of $795.00 = <strong>$19,197.00</strong></p>\r\n<p style=\"text-align: center;\">You just to have to ensure that you have a broker account that can accommodate the risks involved to trade at these trade sizes relevant to the income goals that you have set yourself.</p>\r\n<p style=\"text-align: center;\">But you must take note that at any one time there can be as many as 25 live trades in operation with variable STOP LOSS RISKS attached to them. You need to consider the potential risks associated and fund your account accordingly to accommodate the flexibility that is required.</p>\r\n<p style=\"text-align: center;\">If you do not do this you will potentially expose yourself to margin calls from your broker.</p>\r\n<p style=\"text-align: center;\">As long as you trade with real and effective RISK MANAGEMENT and POSITION SIZING principles\r\nin place and trade in accordance with your TRADING PLAN, it is possible to make money part of full-time from Forex Trading.</p>\r\n<p style=\"text-align: center;\">At ALL times you need TRADING DISCIPLINE in place to ensure longevity in trading. This is key and fundamental to success.</p>\r\n<p style=\"text-align: center;\"><strong>PLEASE NOTE:</strong>\r\nYou must ensure that with any trading account  you have a sufficient balance to accommodate the risks involved in trading.\r\nThis is crucial to your trading success and you should not manage an account in which you trade too large a position size as this will only result in margin calls from your broker.\r\nWhich, in my opinion is a 100% recipe for a complete and utter disaster.\r\nYou must trade and operate an account sufficient to cope with the swings that you get with trading from profit to loss, as mentioned earlier\r\ntrading Forex involves RISK and this must be managed.\r\nIf you have questions on this subject please contact me at premiumservice@weeklyfxdrivethru.com\r\nI am here to help.</p>\r\n<strong>2014 COMPLETE:</strong>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2014-PS-PREF.png\"><img class=\"aligncenter size-large wp-image-8624\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/2014-PS-PREF-994x1024.png\" alt=\"2014-ps-pref\" width=\"994\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<strong>7. What about this year\'s performance 2016?</strong>\r\n\r\nThe best year yet for the PREMIUM SERVICE. A total of 13,575 pips were produced and a profitable trade rate for the year was at 77%.\r\n\r\nThe pip total in 2016 was almost 3,000 more than 2015. When you consider the first two months of 2016 were wiped out because of power and ISP outages following severe ice storms , to actually achieve my 10,000 pip target was an incredible performance but to beat 2015 by so many pips makes me feel very happy. I am looking forward to 2017, I see huge opportunities ahead.\r\n\r\nIf you want additional information about the this performance all you have to do ask.\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-PROFITS2-2016-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8802\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-PROFITS2-2016-COMPLETE-1024x980.png\" alt=\"\" width=\"1024\" height=\"980\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD.png\"><img class=\"aligncenter size-large wp-image-8815\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD-852x1024.png\" alt=\"\" width=\"852\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8816\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE-1024x615.png\" alt=\"\" width=\"1024\" height=\"615\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/2016-PREM-SERVICE-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8831\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/2016-PREM-SERVICE-COMPLETE-976x1024.png\" alt=\"\" width=\"976\" height=\"1024\" /></a>\r\n<div>\r\n\r\n&nbsp;\r\n\r\n8. What are your benefits and costs of being a subscriber to the PREMIUM SERVICE?\r\n\r\n</div>\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR, FUNDAMENTAL and POSITION trades” and issues emanating from previous blogs.\r\n\r\n<strong>SUBSCRIPTION FEATURES and BENEFITS:</strong><u>\r\n</u>\r\n<ul>\r\n 	<li>4 options on subscription periods.</li>\r\n 	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a></li>\r\n 	<li>A dedicated exclusive twitter feed @ThePremService.</li>\r\n 	<li>All trade set-ups communicated via Twitter and RADAR, FUNDAMENTAL and POSITION trades additionally via email.</li>\r\n 	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a></li>\r\n 	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n 	<li>PERISCOPE broadcasts are scheduled to start on a weekly basis in January 2017. These will be market overview related broadcasts.</li>\r\n 	<li>Option to request individual / bespoke \"one-on-one coaching\".</li>\r\n 	<li>PLATINUM MEMBERS (Annual subscribers - the highest level of subscription), will receive additional benefits over and above the other subscriber levels, such as optional monthly REVIEW MEETINGS.</li>\r\n 	<li>In addition ALL existing PLATINUM MEMBERS (annual subscribers) receive a 20% discount off their annual renewal subscription when they re-subscribe.</li>\r\n</ul>\r\n<h4>SUBSCRIPTION OPTIONS:</h4>\r\n<div class=\"clearfix\" style=\"margin-bottom: 15px;\">\r\n<div class=\"one-half first\">\r\n<div class=\"subscription\">\r\n<p class=\"length\">PLATINUM MEMBER:\r\nANNUAL (40 WEEK) SUBSCRIPTION: CAD$1,250.00\r\n(this equates to CAD$31.25 per week)</p>\r\n\r\n</div>\r\n</div>\r\n<div class=\"one-half\">\r\n<div class=\"subscription\">\r\n<p class=\"length\">GOLD MEMBER:\r\n6 Months (20 WEEKS) SUBSCRIPTION: CAD$750.00\r\n(this equates to CAD$37.50 per week)</p>\r\n\r\n</div>\r\n</div>\r\n</div>\r\n<div class=\"clearfix\" style=\"margin-bottom: 15px;\">\r\n<div class=\"one-half first\">\r\n<div class=\"subscription\">\r\n<p class=\"length\">GOLD MEMBER:\r\n3 Months (10 WEEKS) SUBSCRIPTION: CAD$500.00\r\n(this equates to CAD$50.00 per week)</p>\r\n\r\n</div>\r\n</div>\r\n<div class=\"one-half\">\r\n<div class=\"subscription\">\r\n<p class=\"length\">GOLD MEMBER:\r\n1 Month (4 WEEKS) SUBSCRIPTION: CAD$240.00\r\n(this equates to CAD$60.00 per week)</p>\r\n\r\n</div>\r\n</div>\r\n</div>\r\n(All Fees are quoted in CAD$)\r\n\r\n&nbsp;\r\n\r\n<strong>9. If I am interested and I want to subscribe to the PREMIUM SERVICE what do I do next?</strong>\r\n\r\nIf you are happy with all the above and want to move forward to the next stage, here is what you do: -\r\n\r\nSubscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SUBSCRIBE HERE at the top of the page to sign up. Choose the level of subscription that you want and period that you want to subscribe for.  It\'s very fast, easy and convenient.\r\n\r\nIn addition you should also check the PROMOTION tab at the top of this page as well, as from time to time they can be extremely attractive.\r\n\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all or want additional information about anything to do with the PREMIUM SERVICE please email me at: - premiumservice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\n<strong>10. FX BROKERS and additional FOREX trading support:</strong>\r\n\r\nOn my landing page there are a number of banners from brokers and equipment suppliers. These are my recommended relationships. Clicking on their banners establishes a link between the PREMIUM SERVICE (Me), the broker and you. As an educator one of my key objectives is to help and guide as best I can all traders to improve their consistency and profitability through trading. My preferred brokers from time to time will offer special incentives for new clients and as clients introduced via the PREMIUM SERVICE an additional support level is added.\r\n\r\nIf you are looking to add a Forex broker, please click on the banners and explore the options. Alternatively, please feel free to contact me should you have any questions.\r\n\r\n&nbsp;\r\n<div>\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n15th December 2016\r\nhttp://www.weeklyfxdrivethru.com/disclaimer/\r\n\r\n</div>\r\n<div>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>DISCLAIMER:</strong></span>\r\n\r\nFLASH, RADAR, FUNDAMENTAL and 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.\r\n\r\n</div>','HISTORY & PERFORMANCE of the PREMIUM SERVICE','','inherit','closed','closed','','3012-revision-v1','','','2016-12-21 14:55:51','2016-12-21 19:55:51','',3012,'http://weeklyfxdrivethru.com/3012-revision-v1/',0,'revision','',0),(8929,1,'2017-01-13 17:01:11','2017-01-13 22:01:11','','RADAR 15012017','','inherit','open','closed','','radar-15012017','','','2017-01-14 12:18:24','2017-01-14 17:18:24','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-15012017.png',0,'attachment','image/png',0),(8848,16,'2017-01-04 10:04:13','2017-01-04 15:04:13','[s2If current_user_is(administrator)]\r\n    Hello Site Administrator you can access all content :)\r\n[/s2If]\r\n[s2If current_user_is(s2member_level4)]\r\n    <section class=\"clearfix\">\r\n\r\n<div class=\"one-fourth first membership\">\r\n<a href=\"https://weeklyfxdrivethru.com/premium-service-annual-subscription-renewal/\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/Annual-Subscription-renewal.jpg\" alt=\"Premium Service Annual Subscription-renewal\" width=\"400\"  class=\"alignleft size-full wp-image-7748\" /></a><h3>Premium Service Annual Renewal</h3><h2 class=\"price\">CAD $1000.00</h2>\r\n<a class=\"button\" type=\"button\" href=\"https://weeklyfxdrivethru.com/premium-service-annual-subscription-renewal/\"> Buy Now</a>\r\n</div>\r\n</section>\r\n[/s2If]\r\n\r\n[s2If current_user_is(s2member_level2)]\r\n    Please renew your Premium Service Subscription after logging out\r\n[/s2If]\r\n[s2If !is_user_logged_in()]\r\n<section class=\"clearfix\">\r\n\r\n<div class=\"one-fourth first membership\">\r\n<a href=\"./premium-service-4-weeks-subscription\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/1-Month-Subscriptions.jpg\" alt=\"Premium Service 1-Month-Subscription\" width=\"400\" class=\"alignleft size-full wp-image-7744\" /></a><h3>One Month Subscription</h3><h2 class=\"price\">CAD $240.00</h2>\r\n<a class=\"button\" type=\"button\" href=\"./premium-service-4-weeks-subscription\"> Buy Now</a>\r\n</div>\r\n\r\n<div class=\"one-fourth membership\">\r\n<a href=\"./premium-service-10-weeks-subscription\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/3-Months-Subscription.jpg\" alt=\"Premium Service 3-Months-Subscription\" width=\"400\"  class=\"alignleft size-full wp-image-7745\" /></a><h3>3 Months Subscription</h3><h2 class=\"price\">CAD $500.00</h2>\r\n<a class=\"button\" type=\"button\" href=\"./premium-service-10-weeks-subscription\"> Buy Now</a>\r\n</div>\r\n\r\n<div class=\"one-fourth membership\">\r\n<a href=\"./premium-service-20-weeks-subscription\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/6-Months-Subscriptions.jpg\" alt=\"Premium Service 6-Months-Subscriptions\" width=\"400\"  class=\"alignleft size-full wp-image-7746\" /></a><h3>6 Months Subscription</h3><h2 class=\"price\">CAD $750.00</h2>\r\n<a class=\"button\" type=\"button\" href=\"./premium-service-20-weeks-subscription\"> Buy Now</a>\r\n</div>\r\n\r\n<div class=\"one-fourth membership\">\r\n<a href=\"./premium-service-40-weeks-subscription\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/Annual-Subscription.jpg\" alt=\"Premium Service Annual-Subscription\" width=\"750\" height=\"750\" class=\"alignleft size-full wp-image-7747\" /></a><h3>Annual Subscription</h3><h2 class=\"price\">CAD $1250.00</h2>\r\n<a class=\"button\" type=\"button\" href=\"./premium-service-40-weeks-subscription\"> Buy Now</a>\r\n</div>\r\n</section>\r\n[/s2If]','Subscription Options','','inherit','closed','closed','','7749-autosave-v1','','','2017-01-04 10:04:13','2017-01-04 15:04:13','',7749,'http://weeklyfxdrivethru.com/7749-autosave-v1/',0,'revision','',0),(8850,16,'2017-01-04 10:20:24','2017-01-04 15:20:24','<img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/3-Months-Subscription-300x300.jpg\" alt=\"3-Months-Subscription\" width=\"300\" height=\"300\" class=\"alignleft size-medium wp-image-7745\" /><h3>Please make sure you have read the <a href=\"./terms-and-conditions/\" title=\"Terms and Conditions\" target=\"_blanc\">Terms and Conditions</a> of this subscription before signing up.</h3>\r\n[s2Member-Pro-Stripe-Form level=\"3\" ccaps=\"\" desc=\"$1000 CAD / One Time (for 3 month access, non-recurring, no trial)\" cc=\"CAD\" custom=\"weeklyfxdrivethru.com\" ta=\"0\" tp=\"0\" tt=\"D\" ra=\"1000\" rp=\"3\" rt=\"M\" rr=\"BN\" coupon=\"\" accept_coupons=\"0\" default_country_code=\"US\" captcha=\"0\" /]','Premium Service 10 Weeks Subscription','','inherit','closed','closed','','7756-revision-v1','','','2017-01-04 10:20:24','2017-01-04 15:20:24','',7756,'http://weeklyfxdrivethru.com/7756-revision-v1/',0,'revision','',0),(9130,1,'2017-02-19 20:32:28','0000-00-00 00:00:00','','Auto Draft','','auto-draft','open','closed','','','','','2017-02-19 20:32:28','0000-00-00 00:00:00','',0,'http://weeklyfxdrivethru.com/?p=9130',0,'post','',0),(8779,16,'2016-12-05 11:41:54','2016-12-05 16:41:54','<section class=\"members\">\r\n<div style=\"text-decoration:underline;\">\r\n<a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a>\r\n<a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a>\r\n<a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a>\r\n<a title=\"Position Trades\" href=\"./part-time-trader-trades/\">Position Trades</a>\r\n<a title=\"Total Trades Profit Summaries (Month and Year to Date\" href=\"./combined-trades-profit/\">Total Trades Profit Summaries (Month and Year to Date)</a>\r\n<a title=\"Monthly and Annual Combined Performance Analysis\" href=\"./completed-trades-profit-loss-ratios/\">Monthly and Annual Combined Performance analysis</a>\r\n<a title=\"Risk/Reward analysis\" href=\"./completed-trades-risk-reward-analysis/\">Risk/Reward Analysis</a>\r\n<a title=\"Pip Performance Year by Year Comparisons\" href=\"./6869-2/\">Pip Performances Year by Year Comparisons</a>\r\n</div>\r\n</section>','TRADING SUMMARIES','','inherit','closed','closed','','4203-revision-v1','','','2016-12-05 11:41:54','2016-12-05 16:41:54','',4203,'http://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(8783,16,'2016-12-05 12:36:42','2016-12-05 17:36:42','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>','RISK / POSITING SIZING','','draft','closed','closed','','risk-position-sizing','','','2017-01-09 11:05:44','2017-01-09 16:05:44','',0,'http://weeklyfxdrivethru.com/?page_id=8783',0,'page','',0),(8784,16,'2016-12-05 12:36:42','2016-12-05 17:36:42','','Risk / Position Sizing','','inherit','closed','closed','','8783-revision-v1','','','2016-12-05 12:36:42','2016-12-05 17:36:42','',8783,'http://weeklyfxdrivethru.com/8783-revision-v1/',0,'revision','',0),(8918,16,'2017-01-09 10:57:43','0000-00-00 00:00:00','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>','NEWSBOARD','','draft','open','closed','','','','','2017-01-09 10:57:43','2017-01-09 15:57:43','',0,'http://weeklyfxdrivethru.com/?p=8918',0,'post','',0),(8920,16,'2017-01-09 10:59:37','2017-01-09 15:59:37','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>','RISK / POSITING SIZING','','inherit','closed','closed','','8783-revision-v1','','','2017-01-09 10:59:37','2017-01-09 15:59:37','',8783,'http://weeklyfxdrivethru.com/8783-revision-v1/',0,'revision','',0),(8921,16,'2017-01-09 11:00:24','2017-01-09 16:00:24','&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NOTICEBOARD-28012017.png\"><img class=\"aligncenter size-large wp-image-9026\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NOTICEBOARD-28012017-1024x940.png\" alt=\"\" width=\"1024\" height=\"940\" /></a>\r\n\r\n<img class=\"aligncenter size-large wp-image-8874\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/CB-INTEREST-RATES-2017-810x1024.png\" alt=\"\" width=\"810\" height=\"1024\" />\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','NEWSBOARD','','publish','closed','closed','','newsboard','','','2017-01-28 06:19:17','2017-01-28 11:19:17','',0,'http://weeklyfxdrivethru.com/?page_id=8921',0,'page','',0),(8923,16,'2017-01-09 11:02:06','2017-01-09 16:02:06','','Newsboard','','publish','closed','closed','','newsboard','','','2017-01-09 11:02:06','2017-01-09 16:02:06','',0,'http://weeklyfxdrivethru.com/?p=8923',2,'nav_menu_item','',0),(9008,1,'2017-01-28 05:58:21','2017-01-28 10:58:21','','TCHART 28012017','','inherit','open','closed','','tchart-28012017','','','2017-01-28 10:37:49','2017-01-28 15:37:49','',9033,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/TCHART-28012017.png',0,'attachment','image/png',0),(8915,16,'2017-01-09 10:41:57','2017-01-09 15:41:57','<section class=\"one-sixth first\">\r\n<h4>Monthly and Annual Consolidated Performance Analysis :</h4>\r\n</section>\r\n<section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year</h2>\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS</h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD.png\"><img class=\"aligncenter size-large wp-image-8815\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD-852x1024.png\" alt=\"\" width=\"852\" height=\"1024\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-2015-COMP.png\"><img class=\"aligncenter size-full wp-image-6991\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-2015-COMP.png\" alt=\"\" width=\"420\" height=\"519\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PROFIT-LOSS-RATIO-2015-COMP.png\"><img class=\"aligncenter size-full wp-image-6990\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PROFIT-LOSS-RATIO-2015-COMP.png\" alt=\"\" width=\"400\" height=\"516\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RISK-REWARD-RATIONS-2014-YTD.png\"><img class=\"aligncenter size-large wp-image-8862\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RISK-REWARD-RATIONS-2014-YTD-811x1024.png\" alt=\"\" width=\"811\" height=\"1024\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PL-RATIOS-2014-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8861\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PL-RATIOS-2014-COMPLETE-726x1024.png\" alt=\"\" width=\"726\" height=\"1024\" /></a>\r\n\r\n\r\n\r\n</div>\r\n</section>','CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5002-revision-v1','','','2017-01-09 10:41:57','2017-01-09 15:41:57','',5002,'http://weeklyfxdrivethru.com/5002-revision-v1/',0,'revision','',0),(8894,1,'2017-01-07 07:00:00','2017-01-07 12:00:00','<section class=\"one-sixth first\">\r\n<h4>Monthly and Annual Consolidated Performance Analysis :</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year</h2>\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD.png\"><img class=\"aligncenter size-large wp-image-8815\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD-852x1024.png\" alt=\"\" width=\"852\" height=\"1024\" /></a></h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-2015-COMP.png\"><img class=\"aligncenter size-full wp-image-6991\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-2015-COMP.png\" alt=\"\" width=\"420\" height=\"519\" /></a>\r\n\r\n</div>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PROFIT-LOSS-RATIO-2015-COMP.png\"><img class=\"aligncenter size-full wp-image-6990\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PROFIT-LOSS-RATIO-2015-COMP.png\" alt=\"\" width=\"400\" height=\"516\" /></a>\r\n<div class=\"one-half\">\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RISK-REWARD-RATIONS-2014-YTD.png\"><img class=\"aligncenter size-large wp-image-8862\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RISK-REWARD-RATIONS-2014-YTD-811x1024.png\" alt=\"\" width=\"811\" height=\"1024\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PL-RATIOS-2014-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8861\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PL-RATIOS-2014-COMPLETE-726x1024.png\" alt=\"\" width=\"726\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>','MONTHLY and ANNUAL CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5002-revision-v1','','','2017-01-07 07:00:00','2017-01-07 12:00:00','',5002,'http://weeklyfxdrivethru.com/5002-revision-v1/',0,'revision','',0),(9056,1,'2017-02-01 07:32:34','2017-02-01 12:32:34','<section class=\"one-sixth first\">\r\n<h4>Radar Trades Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-31012017.png\"><img class=\"aligncenter size-large wp-image-9043\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-31012017-759x1024.png\" alt=\"\" width=\"759\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-JANYTD-2017.png\"><img class=\"aligncenter size-full wp-image-9044\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-JANYTD-2017.png\" alt=\"\" width=\"832\" height=\"932\" /></a></h2>\r\n&nbsp;\r\n<h2>PREVIOUS YEARS</h2>\r\n<img class=\"aligncenter size-full wp-image-8807\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/RADAR-2016-COMPLETE.png\" alt=\"\" width=\"856\" height=\"938\" />\r\n<a href=\"https://weeklyfxdrivethru.com/radar-trades/radar-2015-comp/\" rel=\"attachment wp-att-6985\"><img class=\"aligncenter wp-image-6985\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/RADAR-2015-COMP.png\" alt=\"RADAR 2015 COMP\" width=\"511\" height=\"535\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-2014-COMPLETE.png\"><img class=\"aligncenter wp-image-8858\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-2014-COMPLETE.png\" alt=\"\" width=\"489\" height=\"487\" /></a>\r\n\r\n</div>\r\n</section>','Radar Trades','','inherit','closed','closed','','2524-revision-v1','','','2017-02-01 07:32:34','2017-02-01 12:32:34','',2524,'http://weeklyfxdrivethru.com/2524-revision-v1/',0,'revision','',0),(8858,1,'2017-01-04 12:51:39','2017-01-04 17:51:39','','RADAR 2014 COMPLETE','','inherit','open','closed','','radar-2014-complete','','','2017-01-04 12:55:07','2017-01-04 17:55:07','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RADAR-2014-COMPLETE.png',0,'attachment','image/png',0),(8859,1,'2017-01-04 12:51:44','2017-01-04 17:51:44','','FLASH 2014 COMPLETE','','inherit','open','closed','','flash-2014-complete','','','2017-01-04 12:52:55','2017-01-04 17:52:55','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FLASH-2014-COMPLETE.png',0,'attachment','image/png',0),(8860,1,'2017-01-04 12:51:48','2017-01-04 17:51:48','','FUNDAMENTAL YEAR TO DATE 2014','','inherit','open','closed','','fundamental-year-to-date-2014','','','2017-01-04 12:58:01','2017-01-04 17:58:01','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUNDAMENTAL-YEAR-TO-DATE-2014.png',0,'attachment','image/png',0),(8861,1,'2017-01-04 12:51:54','2017-01-04 17:51:54','','P&L RATIOS 2014 COMPLETE','','inherit','open','closed','','pl-ratios-2014-complete','','','2017-01-04 13:00:12','2017-01-04 18:00:12','',5002,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PL-RATIOS-2014-COMPLETE.png',0,'attachment','image/png',0),(8862,1,'2017-01-04 12:52:02','2017-01-04 17:52:02','','RISK REWARD RATIONS 2014 YTD','','inherit','open','closed','','risk-reward-rations-2014-ytd','','','2017-01-04 13:00:17','2017-01-04 18:00:17','',5002,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RISK-REWARD-RATIONS-2014-YTD.png',0,'attachment','image/png',0),(9031,1,'2017-01-28 06:24:53','2017-01-28 11:24:53','<section class=\"one-sixth first\">\r\n<h4>Fundamental Trades Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-28012017.png\"><img class=\"aligncenter size-large wp-image-9003\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-28012017-810x1024.png\" alt=\"\" width=\"810\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-28012017.png\"><img class=\"aligncenter size-large wp-image-9003\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-28012017-810x1024.png\" alt=\"\" width=\"810\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\">\r\n</a>\r\n<h2>PREVIOUS YEARS\r\n<img class=\"aligncenter size-full wp-image-8811\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FUN-2016-COMPLETE.png\" alt=\"\" width=\"874\" height=\"942\" /></h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/fundamental-trades/fun-2015-comp/\" rel=\"attachment wp-att-6989\"><img class=\"aligncenter wp-image-6989\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/FUN-2015-COMP.png\" alt=\"FUN 2015 COMP\" width=\"580\" height=\"597\" /></a></h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUNDAMENTAL-YEAR-TO-DATE-2014.png\"><img class=\"aligncenter size-full wp-image-8860\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUNDAMENTAL-YEAR-TO-DATE-2014.png\" alt=\"\" width=\"710\" height=\"754\" /></a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>','FUNDAMENTAL TRADES','','inherit','closed','closed','','3106-revision-v1','','','2017-01-28 06:24:53','2017-01-28 11:24:53','',3106,'http://weeklyfxdrivethru.com/3106-revision-v1/',0,'revision','',0),(8789,1,'2016-12-05 13:36:29','2016-12-05 18:36:29','','blog-dates-2019','','inherit','open','closed','','blog-dates-2019','','','2016-12-05 13:37:13','2016-12-05 18:37:13','',2772,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/BLOG-DATES-2019.png',0,'attachment','image/png',0),(8790,1,'2016-12-05 13:37:20','2016-12-05 18:37:20','&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BLOG-DATES-2017-08102016.png\"><img class=\"size-large wp-image-8429 aligncenter\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BLOG-DATES-2017-08102016-624x1024.png\" alt=\"blog-dates-2017-08102016\" width=\"624\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/2016-blog-dates.jpg\">\r\n</a>\r\n\r\n<img class=\"wp-image-8162 aligncenter\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/BLOG-DATES-2018.png\" alt=\"BLOG DATES 2018\" width=\"529\" height=\"712\" />\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/BLOG-DATES-2019.png\"><img class=\"aligncenter size-large wp-image-8789\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/BLOG-DATES-2019-683x1024.png\" alt=\"blog-dates-2019\" width=\"683\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','Blog Dates','','inherit','closed','closed','','2772-revision-v1','','','2016-12-05 13:37:20','2016-12-05 18:37:20','',2772,'http://weeklyfxdrivethru.com/2772-revision-v1/',0,'revision','',0),(8791,16,'2016-12-05 13:37:42','2016-12-05 18:37:42','<section class=\"one-sixth first\">\n<h4>Monthly and Annual Consolidated Performance Analysis :</h4>\n</section><section class=\"five-sixths\">\n<div class=\"one-half first\">\n<h2>This Year\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/CONS-PERF-NOV16.png\"><img class=\"aligncenter size-large wp-image-8752\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/CONS-PERF-NOV16-854x1024.png\" alt=\"cons-perf-nov16\" width=\"854\" height=\"1024\" /></a>\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/CONS-PERF-OCT16.png\"><img class=\"aligncenter size-large wp-image-8566\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/CONS-PERF-OCT16-848x1024.png\" alt=\"cons-perf-oct16\" width=\"848\" height=\"1024\" /></a>\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/09/CONSOLIDATED-PERF-SET2016.png\"><img class=\"aligncenter size-large wp-image-8389\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/09/CONSOLIDATED-PERF-SET2016-838x1024.png\" alt=\"consolidated-perf-set2016\" width=\"838\" height=\"1024\" /></a></h2>\n\n<div class=\"one-half\">\n<h2>PREVIOUS YEARS\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31122015.png\"><img class=\"aligncenter size-full wp-image-7054\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31122015.png\" alt=\"PS RISK REWARD 31122015\" width=\"420\" height=\"518\" /></a></h2>\n<a href=\"https://weeklyfxdrivethru.com/ps-profit-loss-31122015/\" rel=\"attachment wp-att-7052\"><img class=\"aligncenter wp-image-7052\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-PROFIT-LOSS-31122015.png\" alt=\"PS PROFIT-LOSS 31122015\" width=\"547\" height=\"703\" /></a>\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter size-full wp-image-4964\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"436\" height=\"543\" /></a>\n\n<section class=\"five-sixths\">\n<div class=\"one-half\">\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PROFIT-LOSS-RATIOS-31122014-YTD.png\"><img class=\"aligncenter wp-image-4963\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PROFIT-LOSS-RATIOS-31122014-YTD.png\" alt=\"PREM SERV PROFIT-LOSS RATIOS 31122014 YTD\" width=\"532\" height=\"754\" /></a>\n\n</div>\n</section></div></div></section>','MONTHLY and ANNUAL CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5002-autosave-v1','','','2016-12-05 13:37:42','2016-12-05 18:37:42','',5002,'http://weeklyfxdrivethru.com/5002-autosave-v1/',0,'revision','',0),(8895,1,'2017-01-07 07:03:53','2017-01-07 12:03:53','<section class=\"one-sixth first\">\r\n<h4>PIP PERFORMANCE YEAR BY YEAR Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div>\r\n<h2>2017 v 2016</h2>\r\n<h2></h2>\r\n<h2></h2>\r\n<h2></h2>\r\n<h2>2016 v 2015\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8816\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE-1024x615.png\" alt=\"\" width=\"1024\" height=\"615\" /></a></h2>\r\n&nbsp;\r\n\r\n</div>\r\n<div>\r\n<h2>2015 v 2014</h2>\r\n<img class=\"aligncenter wp-image-6992\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PIP-COMP-2015-v-2014-COMP.png\" alt=\"PIP COMP 2015 v 2014 COMP\" width=\"1059\" />\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>','PIP PERFORMANCE YEAR by YEAR COMPARISONS','','inherit','closed','closed','','6869-revision-v1','','','2017-01-07 07:03:53','2017-01-07 12:03:53','',6869,'http://weeklyfxdrivethru.com/6869-revision-v1/',0,'revision','',0),(8997,1,'2017-01-26 08:55:56','2017-01-26 13:55:56','From time to time I have \"PREMIUM SERVICE\" subscriptions promotions available.\r\n\r\nI usually advertise these promotions in the WEEKLY FX DRIVE THRU blog. I have no plans to offer a PREMIUM SERVICE subscription promotion at this time. The best way to be alerted regarding any \"special offers\" is to be subscribed to the \"DRIVE THRU\" blog.\r\n\r\nYou can subscribe to receive copies of  THE WEEKLY FX DRIVE THRU blog direct to your inbox via the subscription box to the \"FREE NEWSLETTER\" on my landing page (Click the HOME button at the top of this page and the sign up box is located beneath my \"DICE\" logo on the right hand side of the page).\r\n\r\nScott Pickering\r\n\r\nThe Pip Accumulator\r\n6th December 2016\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','Promotions','','inherit','closed','closed','','4984-revision-v1','','','2017-01-26 08:55:56','2017-01-26 13:55:56','',4984,'http://weeklyfxdrivethru.com/4984-revision-v1/',0,'revision','',0),(8796,1,'2016-12-06 06:37:22','2016-12-06 11:37:22','From time to time I have \"PREMIUM SERVICE\" subscriptions promotions available.\r\n\r\nI usually advertise these promotions in the WEEKLY FX DRIVE THRU blog. I have no plans to offer a PREMIUM SERVICE subscription promotion at this time. The best way to be alerted regarding any \"special offers\" is to be subscribed to the \"DRIVE THRU\" blog.\r\n\r\nYou can do this via the subscription box to the \"FREE NEWSLETTER\" on my landing page (Click the HOME button at the top of this page and the sign up box is located beneath my \"DICE\" logo on the right hand side of the page).\r\n\r\nScott Pickering\r\n\r\nThe Pip Accumulator\r\n6th December 2016\r\n\r\n&nbsp;','Promotions','','inherit','closed','closed','','4984-revision-v1','','','2016-12-06 06:37:22','2016-12-06 11:37:22','',4984,'http://weeklyfxdrivethru.com/4984-revision-v1/',0,'revision','',0),(8797,1,'2016-12-06 06:38:46','2016-12-06 11:38:46','From time to time I have \"PREMIUM SERVICE\" subscriptions promotions available.\r\n\r\nI usually advertise these promotions in the WEEKLY FX DRIVE THRU blog. I have no plans to offer a PREMIUM SERVICE subscription promotion at this time. The best way to be alerted regarding any \"special offers\" is to be subscribed to the \"DRIVE THRU\" blog.\r\n\r\nYou can subscribe to receive copies of  THE WEEKLY FX DRIVE THRU blog direct to your inbox via the subscription box to the \"FREE NEWSLETTER\" on my landing page (Click the HOME button at the top of this page and the sign up box is located beneath my \"DICE\" logo on the right hand side of the page).\r\n\r\nScott Pickering\r\n\r\nThe Pip Accumulator\r\n6th December 2016\r\n\r\n&nbsp;','Promotions','','inherit','closed','closed','','4984-revision-v1','','','2016-12-06 06:38:46','2016-12-06 11:38:46','',4984,'http://weeklyfxdrivethru.com/4984-revision-v1/',0,'revision','',0),(8954,1,'2017-01-17 16:24:59','2017-01-17 21:24:59','','WEBINARS - NOTICE BOARD 170117','','inherit','open','closed','','webinars-notice-board-170117','','','2017-01-17 16:25:44','2017-01-17 21:25:44','',8921,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/WEBINARS-NOTICE-BOARD-170117.png',0,'attachment','image/png',0),(8982,1,'2017-01-21 13:15:25','2017-01-21 18:15:25','&nbsp;\r\n\r\n<img class=\"aligncenter size-large wp-image-8874\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/CB-INTEREST-RATES-2017-810x1024.png\" alt=\"\" width=\"810\" height=\"1024\" />\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','NEWSBOARD','','inherit','closed','closed','','8921-revision-v1','','','2017-01-21 13:15:25','2017-01-21 18:15:25','',8921,'http://weeklyfxdrivethru.com/8921-revision-v1/',0,'revision','',0),(8956,1,'2017-01-17 16:26:41','2017-01-17 21:26:41','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/WEBINARS-NOTICE-BOARD-170117.png\"><img class=\"aligncenter size-large wp-image-8954\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/WEBINARS-NOTICE-BOARD-170117-1024x952.png\" alt=\"\" width=\"1024\" height=\"952\" /></a>\r\n\r\n<img class=\"aligncenter size-large wp-image-8874\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/CB-INTEREST-RATES-2017-810x1024.png\" alt=\"\" width=\"810\" height=\"1024\" />\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','NEWSBOARD','','inherit','closed','closed','','8921-revision-v1','','','2017-01-17 16:26:41','2017-01-17 21:26:41','',8921,'http://weeklyfxdrivethru.com/8921-revision-v1/',0,'revision','',0),(9028,1,'2017-01-28 06:20:56','2017-01-28 11:20:56','<section class=\"one-sixth first\">\r\n<h4>Flash Trades Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FLASH-28012017.png\"><img class=\"aligncenter size-large wp-image-9002\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FLASH-28012017-724x1024.png\" alt=\"\" width=\"724\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FLASH-28012017.png\"><img class=\"aligncenter size-large wp-image-9002\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FLASH-28012017-724x1024.png\" alt=\"\" width=\"724\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n<h2>Previous Years</h2>\r\n<h2><img class=\"aligncenter size-full wp-image-8809\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FLASH-2016-COMPLETE.png\" alt=\"\" width=\"872\" height=\"952\" />\r\n<img class=\"aligncenter wp-image-6987\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/FLASH-2015-COMP.png\" alt=\"FLASH 2015 COMP\" width=\"544\" height=\"576\" /></h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FLASH-2014-COMPLETE.png\"><img class=\"aligncenter size-full wp-image-8859\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FLASH-2014-COMPLETE.png\" alt=\"\" width=\"700\" height=\"744\" /></a>\r\n<h2></h2>\r\n</div>\r\n</section>','Flash Trades','','inherit','closed','closed','','2711-revision-v1','','','2017-01-28 06:20:56','2017-01-28 11:20:56','',2711,'http://weeklyfxdrivethru.com/2711-revision-v1/',0,'revision','',0),(8799,1,'2016-12-06 06:49:55','2016-12-06 11:49:55','&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BLOG-DATES-2017-08102016.png\"><img class=\"size-large wp-image-8429 aligncenter\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BLOG-DATES-2017-08102016-624x1024.png\" alt=\"blog-dates-2017-08102016\" width=\"624\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/2016-blog-dates.jpg\">\r\n</a>\r\n\r\n<img class=\"wp-image-8162 aligncenter\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/BLOG-DATES-2018.png\" alt=\"BLOG DATES 2018\" width=\"641\" height=\"863\" />\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/BLOG-DATES-2019.png\"><img class=\"aligncenter size-large wp-image-8789\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/BLOG-DATES-2019-683x1024.png\" alt=\"blog-dates-2019\" width=\"683\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','Blog Dates','','inherit','closed','closed','','2772-revision-v1','','','2016-12-06 06:49:55','2016-12-06 11:49:55','',2772,'http://weeklyfxdrivethru.com/2772-revision-v1/',0,'revision','',0),(8802,1,'2016-12-15 11:24:07','2016-12-15 16:24:07','','PREM SERV PROFITS2 2016 COMPLETE','','inherit','open','closed','','prem-serv-profits2-2016-complete','','','2016-12-15 12:10:25','2016-12-15 17:10:25','',3012,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-PROFITS2-2016-COMPLETE.png',0,'attachment','image/png',0),(8803,1,'2016-12-15 11:24:11','2016-12-15 16:24:11','','PREM SERV COMPLETE 2014','','inherit','open','closed','','prem-serv-complete-2014','','','2016-12-15 12:35:36','2016-12-15 17:35:36','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-COMPLETE-2014.png',0,'attachment','image/png',0),(8804,1,'2016-12-15 11:24:18','2016-12-15 16:24:18','','PREM SERVICE COMPLETE 2015','','inherit','open','closed','','prem-service-complete-2015','','','2016-12-15 12:35:07','2016-12-15 17:35:07','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERVICE-COMPLETE-2015.png',0,'attachment','image/png',0),(8806,1,'2016-12-15 11:24:30','2016-12-15 16:24:30','','RADAR 31122016','','inherit','open','closed','','radar-31122016','','','2016-12-15 12:30:38','2016-12-15 17:30:38','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/RADAR-31122016.png',0,'attachment','image/png',0),(8807,1,'2016-12-15 11:24:34','2016-12-15 16:24:34','','RADAR 2016 COMPLETE','','inherit','open','closed','','radar-2016-complete','','','2016-12-15 12:30:52','2016-12-15 17:30:52','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/RADAR-2016-COMPLETE.png',0,'attachment','image/png',0),(8808,1,'2016-12-15 11:24:40','2016-12-15 16:24:40','','FLASH 31122016','','inherit','open','closed','','flash-31122016','','','2016-12-15 12:29:24','2016-12-15 17:29:24','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FLASH-31122016.png',0,'attachment','image/png',0),(8809,1,'2016-12-15 11:24:44','2016-12-15 16:24:44','','FLASH 2016 COMPLETE','','inherit','open','closed','','flash-2016-complete','','','2016-12-15 12:29:41','2016-12-15 17:29:41','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FLASH-2016-COMPLETE.png',0,'attachment','image/png',0),(8810,1,'2016-12-15 11:24:51','2016-12-15 16:24:51','','FUN 31122016','','inherit','open','closed','','fun-31122016','','','2016-12-15 12:31:51','2016-12-15 17:31:51','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FUN-31122016.png',0,'attachment','image/png',0),(8811,1,'2016-12-15 11:24:55','2016-12-15 16:24:55','','FUN 2016 COMPLETE','','inherit','open','closed','','fun-2016-complete','','','2016-12-15 12:32:06','2016-12-15 17:32:06','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FUN-2016-COMPLETE.png',0,'attachment','image/png',0),(8812,1,'2016-12-15 11:25:06','2016-12-15 16:25:06','','POS1 31122016','','inherit','open','closed','','pos1-31122016','','','2016-12-15 12:33:04','2016-12-15 17:33:04','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS1-31122016.png',0,'attachment','image/png',0),(8813,1,'2016-12-15 11:25:10','2016-12-15 16:25:10','','POS2 31122016','','inherit','open','closed','','pos2-31122016','','','2016-12-15 12:33:10','2016-12-15 17:33:10','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS2-31122016.png',0,'attachment','image/png',0),(8814,1,'2016-12-15 11:25:15','2016-12-15 16:25:15','','POS 2016 COMPLETE','','inherit','open','closed','','pos-2016-complete','','','2016-12-15 12:33:29','2016-12-15 17:33:29','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-2016-COMPLETE.png',0,'attachment','image/png',0),(8815,1,'2016-12-15 11:25:26','2016-12-15 16:25:26','','CONS PERF DEC2016 & YTD','','inherit','open','closed','','cons-perf-dec2016-ytd','','','2016-12-15 12:10:45','2016-12-15 17:10:45','',3012,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD.png',0,'attachment','image/png',0),(8816,1,'2016-12-15 11:25:31','2016-12-15 16:25:31','','PIP COMPARISON 2016 COMPLETE','','inherit','open','closed','','pip-comparison-2016-complete','','','2016-12-15 12:10:58','2016-12-15 17:10:58','',3012,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE.png',0,'attachment','image/png',0),(8819,1,'2016-12-15 11:26:44','2016-12-15 16:26:44','','LIMIT ORDERS 17122016','','inherit','open','closed','','limit-orders-17122016','','','2016-12-15 11:26:44','2016-12-15 16:26:44','',0,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/LIMIT-ORDERS-17122016.png',0,'attachment','image/png',0),(8820,1,'2016-12-15 11:26:49','2016-12-15 16:26:49','','LIVE TRADES 17122016','','inherit','open','closed','','live-trades-17122016','','','2016-12-15 11:26:49','2016-12-15 16:26:49','',0,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/LIVE-TRADES-17122016.png',0,'attachment','image/png',0),(8818,1,'2016-12-15 11:25:51','2016-12-15 16:25:51','','POS TRADES ACTUAL V PROJ 2016','','inherit','open','closed','','pos-trades-actual-v-proj-2016','','','2016-12-15 11:37:58','2016-12-15 16:37:58','',6858,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-TRADES-ACTUAL-V-PROJ-2016.png',0,'attachment','image/png',0),(8821,1,'2016-12-15 12:07:52','2016-12-15 17:07:52','<h4 style=\"text-align: center;\"><strong> </strong></h4>\r\n<h4 style=\"text-align: center;\"><strong>ARE YOU ALREADY, OR, ARE YOU THINKING ABOUT BEING A PART-TIME FOREX TRADER?\r\n</strong><strong>ARE YOU STRUGGLING TO ACHIEVE YOUR FINANCIAL GOALS?</strong></h4>\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">UPDATE ADDED 15th December 2016:</span></strong>\r\n\r\nAs I do not trade in times of lower liquidity, in fact I trade for about 40 weeks a year in total, the PREMIUM SERVICE trading for 2016 is now completed and my trading fingers are now rested until I start again next year in 2017.\r\n\r\nThroughout this year (2016), I have been adding performance updates to the initial trading projection that I posted in early January 2016 top show the progress versus the projection\r\n\r\nWith 2016 trading now complete I can now announce that the PREMIUM SERVICE beat the projection set out at the beginning of 2016 by 332 pips.\r\n\r\nI have placed the final excel spreadsheet below and beneath it I have made a few comments.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-TRADES-ACTUAL-V-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8818\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-TRADES-ACTUAL-V-PROJ-2016-997x1024.png\" alt=\"\" width=\"997\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe first thing to note is that traders who started in January 2016 with this program who traded just single lot  MINI  or STANDARD lot POSITION TRADES  suggested by my program wopuld have more than doubled the size of their broker after all costs were accounted for, had they followed every trade and the program 100%.\r\n\r\nBasically, MINI LOT traders who started off with a broker account with USD$7,500.00 after trading the 181 completed trades would show a healthy profit after the costs to trade and the annual subscrption fees were deducted. The excel sheet shows a net broker account balance of USD$15,294.00 from a start of USD$7,500.00.\r\n\r\nThis final performance number needs a little clarification: -\r\n<ol>\r\n 	<li>The PREMIUM SERVICE subscription is not paid from your broker account it is paid on day one separately. It is shown in the excel spread sheet for illustrative purposes only.</li>\r\n 	<li>There are a multiple of  LIVE POSITION trades in the PREMIUM SERVICE being carried forward into 2017. These are basically CORE POSITION trades ready for 2017. The net current position of these trades is a loss of c. USD$2,400.00.\r\n\r\nTherefore the revised net position on the broker account for a single MINI LOT trader is USD$ 12,894.00 and not USD$15,294.00 (this reflects completed trades only). This still reflects to date a healthy USD$5,394.00 of free and clear profit so far from the start of the program.</li>\r\n 	<li>Obviously in 2017 there will be another subscription required but this would be paid for from PROFITS.</li>\r\n 	<li>The 2017 performance would be a net net gain moving forward.</li>\r\n 	<li>Should you be a MICRO LOT trader; you really need to be trading at least 5 x MICRO LOTS per trade to show a reasonable return. At 5 x MICRO LOTS per trade the numbers start to stand up better but this in my opinion would involve an initial trading account of at least USD$3,500.00 plus your subscription to get going.</li>\r\n</ol>\r\nThe main point here to get across is that you can make money from Forex Trading. The POSITION TRADES referred to here were intended for traders who cannot for whatever reason be active at all times of the day. If this interests you either subscribe to the PREMIUM SERVICE right away from the SUBSCRIBE HERE section of the tab on my landing page, or, if you require more information contact me. There are no secrets all the the trading information is available.\r\n\r\nI have left the previous updates, right back to the original posting below.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n15th December 2016.\r\n\r\nhttp://www.weeklyfxdrivethru.com/disclaimer/\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>THIS UPDATE WAS ADDED 31st OCTOBER 2016:</strong></span>\r\n\r\nAt the beginning of 2016 I launched PART-TIME TRADER TRADES and renamed them during 2016 to become POSITION TRADES.\r\n\r\nI set aggressive targets of more than doubling the size of your broker accounts in a structured way this year.  Below you will see my original post with my income projection table in BLACK. At the end of Q1 I reviewed the performance and added my to date table in BLUE. At the end of Q2 I posted again and updated the real time table this time in GREEN.\r\n\r\nNow we are at the end of October and I have updated the year performance once again, this time it\'s PURPLE.\r\n\r\nMany of my competitors who offer a PREMIUM SUBSCRIPTION service that like myself provides  a level of market commentary, promise the earth with their mentoring styles. I have NOT found any competitors who publish an annual pip objective or review performance against objectives that were set out.\r\n\r\nAs I keep telling my subscribers, what you see is what you get.\r\n\r\nMy POSITION TRADE profit objective was aggressive. To be this close given all the geopolitical events in 2016, frankly, I am absolutely delighted.\r\n\r\nPlease see that chart below to see the current position as at 31st October 2016, based upon the target set out on January 1st 2016. Beyond this current chart I have left all of my prior posts and updates from the original one in place for you to see the progress through the year.\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/POSITION-TRADES-Q3-2016-PERF-.png\"><img class=\"aligncenter size-large wp-image-8580\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/POSITION-TRADES-Q3-2016-PERF--1024x794.png\" alt=\"position-trades-q3-2016-perf\" width=\"1024\" height=\"794\" /></a>\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n31st October 2016\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">THE FOLLOWING POST WAS ADDED ON JULY 11th 2016:</span></strong>\r\n\r\nI updated my 2016 spreadsheet and performance with regards to POSITION (PART-TIME TRADER TRADES) at the end of Q1.  At that time, I left on this page the original post to this drop down menu so that it was clear to see the existing performance versus the initial projection.\r\n\r\nIt now the end of Q2 and have decided to do the same again. At the end of this update dated 11th July 2016 reflecting upon Q2 2016 performance, you will find my March 31st post reflecting on the Q1 performance and then my original post when I decided to launch PART TIME TRADER TRADES now called POSITION TRADES in December 2015.\r\n\r\nMy initial comments on the performance to date are as follows (see the excel spreadsheet below):\r\n<ol>\r\n 	<li>Never be upset at making money when trading.</li>\r\n 	<li>I knew that I was having to continually adjust to market conditions. I had blogged continually this year about uncertainty and lots of chop in the markets making normal trading very difficult at times. This \"Chop\" has manifested itself in the way that my POSITION TRADES have played out.</li>\r\n 	<li>I have completed 88 trades already from a projected 90 trades for the whole year.</li>\r\n 	<li>Profit loss ratios on completed trades are at 86%-14% well ahead of my projected 75%-25% projection.</li>\r\n 	<li> 5,106 pips have been achieved against the annual target of 8,438, which equates to 60% of my annual goal after 50% of year is complete. To achieve my ambitious 2016 objective will be a tall order but I am up for the challenge.<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/POS-TRADES-Q2-actual-v-proj-11072016.png\"><img class=\"aligncenter size-full wp-image-8138\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/POS-TRADES-Q2-actual-v-proj-11072016.png\" alt=\"POS TRADES Q2 actual-v-proj 11072016\" width=\"606\" height=\"437\" /></a></li>\r\n</ol>\r\nAs I have said all along with my trading it is vital to trade what you are presented with. Longer-term trading whilst the \"day to day noise\" can be excluded from the process of placing a trade it still has its own difficulties that have been clear to see as more and more uncertainties have entered the marketplace.\r\n\r\nWe now enter Q3 the silly season when liquidity is much lower and the Asian market sessions become more and more of a nonsense as the liquidity really dries up even more into an illiquid session at the best of times. There is still huge uncertainty hanging over the markets in particular surrounding the BREXIT fallout but also the US Presidential Election is approaching really fast. Trading patterns/ levels will be harder in this environment.\r\n\r\nIn three months, I will post a Q3 follow up.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nJuly 11th 2016\r\nwww.weeklyfxdrivethru.com/disclaimer/\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>BELOW IS THE Q1 REVIEW THAT WAS PUBLISHED ON MARCH 31st 2016:</strong></span>\r\n\r\nWe are almost three months into 2016 trading and I thought that it would be a great idea to review the performance of my new trading category, that was launched in January this year; PART-TIME TRADER TRADES.\r\n\r\nBefore getting into the “nitty gritty” of projected numbers versus actual performance, I thought I should offer an overview to date.\r\n\r\nThis year trading has not been as clear-cut as I had hoped for. The divergent trade, which frankly launched this idea of the new trade set-up category, has not been as visible as I had hoped. In fact, there have been clear examples of central bank policy direction being ignored (BOJ and ECB). Coupled with some major geopolitical uncertainties, I have not had the confidence to let trades run as I had originally intended and I have cut trades short, mostly at the time they were profitable to bank $$$.\r\n\r\nMoving forward, I do see the divergent trade re-appearing because frankly, nothing has fundamentally changed. The FED is still progressing with monetary policy, that is, raising rates when the two other large central banks the ECB and BOJ are still easing with monetary policy through a long term quantitative easing program. From this perspective nothing has changed.\r\n\r\nHowever, one thing that I do want to change is the name given to these suggested trade set-ups moving forward. From April 4<sup>th</sup> 2016 they were renamed as POSITION TRADES and no longer PART-TIME TRADER TRADES. They will now carry the prefix POS as suggested set-ups are posted to subscribers of the PREMIUM SERVICE.\r\n\r\nBelow is the PROJECTED PERFORMANCE versus the ACTUAL for Q1 2016. I have added a short commentary / summary on the chart and in the few short comments at the foot of the excel sheet.\r\n\r\nI am really pleased with this category of trade set-up. It has been by far my most successful trading style this year so far. This does make some sense in the fact that for most of this year I have been talking in my blogs and writing <strong>on </strong>Twitter about how choppy the markets have been and because of geopolitical uncertainties it has on many occasions been quite difficult to trade.\r\n\r\nThe actual performance for Q1 is in BLUE and the original projection is in BLACK. I have made no amendments to the original data.\r\n\r\nRoll on Q2 if it is half as good as Q1 there will be both pips and $$$$!!\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/position-trades-q1v2016-31032016/\" rel=\"attachment wp-att-7519\"><img class=\"aligncenter size-full wp-image-7519\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/POSITION-TRADES-Q1v2016-31032016.png\" alt=\"POSITION TRADES Q1v2016 31032016\" width=\"596\" height=\"456\" /></a>\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMarch 31st 2016\r\nwww.weeklyfxdrivethru.com/disclaimer/\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>BELOW IS THE ORIGINAL ARTICLE THAT WAS ON THIS PAGE TO CO-INCIDE WITH THE LAUNCH OF PART TIME TRADER TRADES IN JANUARY 2016:</strong></span></p>\r\nOne category of trader that is missed, ignored and frankly not really catered for by the FX market is the “the part-time” trader. Although many Forex educators have tried to formulate a strategy to work for traders who have limited access to their computers, they have had very limited success. Without doubt the development of trading on cell phones and tablets has helped, however trading part-time throws up limitations full-time traders just cannot grasp.\r\n\r\nHaving traded Forex myself now for over 8 years, I can understand the frustrations of the part-time trader and the feeling of isolation this brings. I started trading part-time, however my circumstances allowed me to move to full-time trading. Not everyone has this luxury. However, I get it, I understand the frustrations of a part-time trader when trades are closed when you are unable to access your computer. In the real world we have to accept that at times the markets will dictate trading, this cannot be avoided, however if there was a way this could be reduced, the involvement of part-time traders in the Forex market would rise again.\r\n\r\nWhen the PREMIUM SERVICE started in 2014, I tried to accommodate part-time traders needs to my best ability. I never really had the unique sales position that I strove to achieve and like many others I failed in my goals that I set myself in accommodating part-timers. The PREMIUM SERVICE profitability was on target, in fact it exceeded my expectations, but my objective of creating and supporting a niche for part-time traders just did not happen.\r\n\r\nIf you visit my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the TAB on my landing page titled PREMIUM SERVICE all the 2015 and 2014 performances are compared and reviewed.\r\n\r\nI have shown that no matter what the size of budget you have, you can make money from Forex trading. This was my initial goal niche area, whether your account has a balance of $1,000.00, a $ 100,000,00, or somewhere in between the Forex market has opportunities for you to make money.\r\n\r\nSince offering a fee-based subscription option, the PREMIUM SERVICE, I have categorized my trade set ups into three different types of trades.\r\n\r\nFLASH TRADES – at market\r\nRADAR TRADES – limit orders\r\nFUNDAMENTAL TRADES – limit orders with longer-term horizons\r\n\r\nIn my opinion, you have to be an active trader to trade both RADAR and FLASH trades. It was part of my goal that the FUNDAMENTAL trades would be attractive to all traders but especially part-time traders.\r\n\r\nIt is with the FUNDAMENTAL trades that I have been reviewing my thoughts, ideas and objectives towards the end of 2015.\r\n\r\n<u>BACKGROUND TO THE DIVERGENT FUNDAMENTAL TRADES PLAN:</u>\r\n\r\nFollowing moves in the major central bank monetary policies (FED, ECB, BOJ, BOE, SNB, RBA, BOC and RBNZ); we now have policy divergence across the globe. In my opinion, this is a tradable feature and because it should be directional it has a hugely potential tradable benefit.\r\n\r\nI decided late October 2015, that from November 1<sup>st</sup> 2015 all future FUNDAMENTAL TRADES would be based around central bank divergence trades. This change was initially communicated to my existing PREMIUM SERVICE subscribers, who reside in all corners of the globe, trade with different sizes of accounts, some are active traders, some part-time, some just seasonal, many are technical traders and many are traders based off fundamental news. It is the full spectrum.\r\n\r\nI have received tremendous feedback, in particular from my part-time traders, who were missing some suggested trade set-ups as they could not access their computer devices enough times in the day to check for set-ups.\r\n\r\nFrom my perspective, it is much easier to plan and schedule DIVERGENT FUNDAMENTAL TRADES. Being, realistic, there are bound to be occasions when an entry or an exit price could be missed, nothing can be 100% in this market place but my part-time traders are delighted, and therefore so am I.\r\n\r\nArmed with this information, it gave me greater comfort when moving forward with this trading strategy.\r\n\r\nAs mentioned, the trade set-ups suggested are intended to have a longer-term trading perspective. They are not specifically aimed at traders who consider themselves to be part-time Forex traders, all traders can of course take advantage, and I see it as an additional income stream opportunity for all. Who doesn’t want extra $$$.\r\n\r\nMy definition of part-time is those of you who are only able to look at your computer screens, or, mobile devices to check trades two-three times a day.\r\n\r\nA key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The compensation for this is that trades are smaller in size to allow for swings in volatility, but multiple trades in the same currency pair are added when the core trade has traction in the desired direction.\r\n\r\nI am suggesting that in order to protect RISK, your initial trade sizes are no more than 10% of your overall individual trade risk parameters that you have set in your TRADING PLAN. As the initial trades gather traction, additional trade set ups are suggested, these are managed on an individual basis based upon your account size and risk management parameters.\r\n\r\nMy goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits along the way, but hopefully at the same time letting trades run as far as possible.\r\n\r\nWe are entering a period of two years or so at least, with divergent central bank monetary policies. As a Forex trader this gives me increased confidence when placing trades knowing that central bank policy is supportive of my trade direction. Whilst there is still risk attached to the trade, risks are minimized, and the longer-term nature of the trades allow for swings and volatility. If I can achieve my goal of 75% -25% profitable to losing trades over an extended trading period, I will be happy.\r\n\r\n<u>LOOKING AHEAD INTO 2016 and BEYOND:</u>\r\n\r\nBased on my historical performance data and using average take profits, stop loss levels and anticipated trade volumes for next year, the information below gives you an idea of the goals and objectives that I have set myself to achieve in 2016.\r\n\r\nMy cash flow projection for DIVERGENT FUNDAMENTAL TRADES for 2016 is below.\r\n\r\nThis is a projection based off previous performances over a two-year period so it has credibility. I have calculated this allowing for whether you are a micro, mini or standard lot trader.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/11/Cashflow-projection.jpg\"><img class=\"aligncenter size-large wp-image-6866\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/11/Cashflow-projection-770x1024.jpg\" alt=\"Cashflow-projection\" width=\"770\" height=\"1024\" /></a>\r\n\r\nBased on the examples set out in the spreadsheet. After all costs associated directly with trading are accounted for: -\r\n\r\nMicro lot traders have a potential net income of $789.75\r\nMini lot traders have a potential net income of $15,052.50\r\nStandard lot traders have a potential net income of $157,680.00\r\n\r\nObviously, should you trade 2 or 3 lot sized trades your RISK to trade (cost) are increased above the examples shown but additionally your net profit returns are potentially greater.\r\n\r\nRISK MANAGEMENT, POSITION SIZING and OVER LEVERAGING are crucial management tools you must understand before trading, having said that there are great income opportunities.\r\n\r\n&nbsp;\r\n\r\n<u>MOVING FORWARD IF YOU ARE INTERESTED:</u>\r\n\r\nIf what you have read sounds appealing and logical and you want to be a part of this trade idea. What do you need to do next?\r\n\r\nEXISTING TRADERS:\r\n<ol>\r\n 	<li>If you are already trading the Forex market. You need to subscribe to the PREMIUM SERVICE. Go to my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> On the landing page click on the SIGN UP tab. There you will find all the period options for being a subscriber. You need to have a PayPal account in order to register.</li>\r\n 	<li>If you are an existing Forex Trader and you want to keep these trades separate from your existing trades, why not open an additional account with one of my brokers listed on my landing page by clicking on one of their banners. From time to time there are special new client marketing bonus available. If unsure contact me for details.</li>\r\n</ol>\r\nNEW TO FOREX:\r\n<ol start=\"3\">\r\n 	<li>Brand new to Forex Trading. You will need both a broker account and a subscription to the PREMIUM SERVICE. Go to my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> On the landing page click on the SUBSCRIBE tab. There you will find all the options for being a subscriber. You need to have a PayPal account in order to register.</li>\r\n 	<li>You will require a broker account from which to trade from. I have 5 brokers listed with banners on my website. I deal with all five and have great account relationships with them all. They all offer great service and being part of my team with them helps should you have any technical or account issues moving forward. From time to time these brokers offer special offers to new clients. To open an account all you need to do is click on the banner and it is a short process to open an account. All you require is address confirmation and photo ID confirmation. Once these are accepted an account number is allocated to you, then you need to simply deposit funds into your account. You are then ready to trade. Personally, I would open a demo account as well to get you familiar with the trading platform. There are plenty of on-line tutorials with each broker to help and, in addition, I can offer assistance.</li>\r\n</ol>\r\nShould you still want additional information, this is not a problem; all trades for 2014 and 2015 are measured and recorded. These are available to you if you want them, plus any other information you would like to know about. If you want to know more, do not hesitate to contact me at the email address at the foot of this email.\r\n\r\nI am really excited about the opportunities that lie ahead with these trade set-ups.\r\n\r\nAs the realization that DIVERGENCE will be a reality in the operations of the world’s central bank monetary policy, trading the divergence has become stronger and as a result and profitability from these trades has increased since September 2015. This has happened, yet the crucial FED meeting, has not yet taken place. It is scheduled for December 16<sup>th</sup> 2015. After this meeting as the markets settle after the initial news, the DIVERGENCE will become stronger as we move through next year.\r\n\r\nIf you want to be part of this program, you need to get ready for 2016 now.\r\n\r\nGood Luck,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nwww.weeklyfxdrivethru.com/disclaimer/','Part-Time Forex (Position) Traders','','inherit','closed','closed','','6858-revision-v1','','','2016-12-15 12:07:52','2016-12-15 17:07:52','',6858,'http://weeklyfxdrivethru.com/6858-revision-v1/',0,'revision','',0),(8996,1,'2017-01-26 08:55:14','2017-01-26 13:55:14','From time to time I have \"PREMIUM SERVICE\" subscriptions promotions available.\r\n\r\nI usually advertise these promotions in the WEEKLY FX DRIVE THRU blog. I have no plans to offer a PREMIUM SERVICE subscription promotion at this time. The best way to be alerted regarding any \"special offers\" is to be subscribed to the \"DRIVE THRU\" blog.\r\n\r\nYou can subscribe to receive copies of  THE WEEKLY FX DRIVE THRU blog direct to your inbox via the subscription box to the \"FREE NEWSLETTER\" on my landing page (Click the HOME button at the top of this page and the sign up box is located beneath my \"DICE\" logo on the right hand side of the page).\r\n\r\nScott Pickering\r\n\r\nThe Pip Accumulator\r\n6th December 2016\r\n\r\nhttp://bit.ly/drivethru-live\r\n\r\n&nbsp;\r\n\r\n&nbsp;','Promotions','','inherit','closed','closed','','4984-revision-v1','','','2017-01-26 08:55:14','2017-01-26 13:55:14','',4984,'http://weeklyfxdrivethru.com/4984-revision-v1/',0,'revision','',0),(8891,1,'2017-01-07 06:53:42','2017-01-07 11:53:42','<section class=\"one-sixth first\">\r\n<h4>Total Trades Profit Summaries Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-PROFITS1-2016-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8801\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-PROFITS1-2016-COMPLETE-984x1024.png\" alt=\"\" width=\"984\" height=\"1024\" /></a></h2>\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date</h2>\r\n<h2>PREVIOUS YEARS\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-PROFITS2-2016-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8802\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-PROFITS2-2016-COMPLETE-1024x980.png\" alt=\"\" width=\"1024\" height=\"980\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/2016-PREM-SERVICE-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8831\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/2016-PREM-SERVICE-COMPLETE-976x1024.png\" alt=\"\" width=\"976\" height=\"1024\" /></a></h2>\r\n</div>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half\">\r\n<h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERVICE-COMPLETE-2015.png\"><img class=\"aligncenter size-large wp-image-8804\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERVICE-COMPLETE-2015-1024x1011.png\" alt=\"\" width=\"1024\" height=\"1011\" /></a></h2>\r\n&nbsp;\r\n<h2><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-COMPLETE-2014.png\"><img class=\"aligncenter size-large wp-image-8803\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERV-COMPLETE-2014-1024x1001.png\" alt=\"\" width=\"1024\" height=\"1001\" /></a></h2>\r\n<h2></h2>\r\n</div>\r\n</section>','Total Trades Profit Summaries - Monthly and Year to Date','','inherit','closed','closed','','5000-revision-v1','','','2017-01-07 06:53:42','2017-01-07 11:53:42','',5000,'http://weeklyfxdrivethru.com/5000-revision-v1/',0,'revision','',0),(8916,16,'2017-01-09 10:43:14','2017-01-09 15:43:14','<section class=\"one-sixth first\">\r\n<h4>Monthly and Annual Consolidated Performance Analysis :</h4>\r\n</section>\r\n<section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year</h2>\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS</h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD.png\"><img class=\"alignnone size-large wp-image-8815\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/CONS-PERF-DEC2016-YTD-852x1024.png\" alt=\"\" width=\"852\" height=\"1024\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-2015-COMP.png\"><img class=\"alignnone size-full wp-image-6991\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-2015-COMP.png\" alt=\"\" width=\"420\" height=\"519\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PROFIT-LOSS-RATIO-2015-COMP.png\"><img class=\"alignnone size-full wp-image-6990\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PROFIT-LOSS-RATIO-2015-COMP.png\" alt=\"\" width=\"400\" height=\"516\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RISK-REWARD-RATIONS-2014-YTD.png\"><img class=\"alignnone size-large wp-image-8862\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/RISK-REWARD-RATIONS-2014-YTD-811x1024.png\" alt=\"\" width=\"811\" height=\"1024\" /></a>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PL-RATIOS-2014-COMPLETE.png\"><img class=\"alignnone size-large wp-image-8861\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PL-RATIOS-2014-COMPLETE-726x1024.png\" alt=\"\" width=\"726\" height=\"1024\" /></a>\r\n\r\n\r\n\r\n</div>\r\n</section>','CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5002-revision-v1','','','2017-01-09 10:43:14','2017-01-09 15:43:14','',5002,'http://weeklyfxdrivethru.com/5002-revision-v1/',0,'revision','',0),(8830,1,'2016-12-15 12:40:01','2016-12-15 17:40:01','<section class=\"one-sixth first\">\r\n<h4>PIP PERFORMANCE YEAR BY YEAR Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div>\r\n<h2>2016 v 2015\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-8816\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE-1024x615.png\" alt=\"\" width=\"1024\" height=\"615\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div>\r\n<h2>2015 v 2014</h2>\r\n<img class=\"aligncenter wp-image-6992\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PIP-COMP-2015-v-2014-COMP.png\" alt=\"PIP COMP 2015 v 2014 COMP\" width=\"1059\" />\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>','PIP PERFORMANCE YEAR by YEAR COMPARISONS','','inherit','closed','closed','','6869-revision-v1','','','2016-12-15 12:40:01','2016-12-15 17:40:01','',6869,'http://weeklyfxdrivethru.com/6869-revision-v1/',0,'revision','',0),(8831,1,'2016-12-15 15:29:41','2016-12-15 20:29:41','','2016 PREM SERVICE COMPLETE','','inherit','open','closed','','2016-prem-service-complete','','','2016-12-15 15:31:22','2016-12-15 20:31:22','',3012,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/2016-PREM-SERVICE-COMPLETE.png',0,'attachment','image/png',0),(9139,1,'2017-02-20 06:39:33','2017-02-20 11:39:33','<section class=\"one-sixth first\">\r\n<h4>Fundamental Trades Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/02/FUN-20022017.png\"><img class=\"aligncenter size-large wp-image-9133\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/02/FUN-20022017-793x1024.png\" alt=\"\" width=\"793\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-JANYTD-2017.png\"><img class=\"aligncenter size-full wp-image-9048\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUN-JANYTD-2017.png\" alt=\"\" width=\"840\" height=\"924\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\">\r\n</a>\r\n<h2>PREVIOUS YEARS\r\n<img class=\"aligncenter size-full wp-image-8811\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/FUN-2016-COMPLETE.png\" alt=\"\" width=\"874\" height=\"942\" /></h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/fundamental-trades/fun-2015-comp/\" rel=\"attachment wp-att-6989\"><img class=\"aligncenter wp-image-6989\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/FUN-2015-COMP.png\" alt=\"FUN 2015 COMP\" width=\"580\" height=\"597\" /></a></h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUNDAMENTAL-YEAR-TO-DATE-2014.png\"><img class=\"aligncenter size-full wp-image-8860\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/FUNDAMENTAL-YEAR-TO-DATE-2014.png\" alt=\"\" width=\"710\" height=\"754\" /></a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>','FUNDAMENTAL TRADES','','inherit','closed','closed','','3106-revision-v1','','','2017-02-20 06:39:33','2017-02-20 11:39:33','',3106,'http://weeklyfxdrivethru.com/3106-revision-v1/',0,'revision','',0),(9058,1,'2017-02-01 07:35:31','2017-02-01 12:35:31','<section class=\"one-sixth first\">\r\n<h4>POSITION TRADES Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Month\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1-31012017.png\"><img class=\"aligncenter size-large wp-image-9049\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS1-31012017-728x1024.png\" alt=\"\" width=\"728\" height=\"1024\" /></a><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2-31012017.png\"><img class=\"aligncenter size-large wp-image-9050\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS2-31012017-748x1024.png\" alt=\"\" width=\"748\" height=\"1024\" /></a><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS3-31012017.png\"><img class=\"aligncenter size-large wp-image-9051\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS3-31012017-766x1024.png\" alt=\"\" width=\"766\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS1-19112016.png\">\r\n</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS-JANYTD-2017.png\"><img class=\"aligncenter size-full wp-image-9052\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/POS-JANYTD-2017.png\" alt=\"\" width=\"784\" height=\"910\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n<h2>PREVIOUS YEARS\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-2016-COMPLETE.png\"><img class=\"aligncenter size-full wp-image-8814\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-2016-COMPLETE.png\" alt=\"\" width=\"816\" height=\"946\" /></a></h2>\r\n</div>\r\n</section>','POSITION TRADES','','inherit','closed','closed','','6965-revision-v1','','','2017-02-01 07:35:31','2017-02-01 12:35:31','',6965,'http://weeklyfxdrivethru.com/6965-revision-v1/',0,'revision','',0),(8950,1,'2017-01-14 12:38:18','2017-01-14 17:38:18','&nbsp;\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nTo say that the first week back trading after the holidays was “interesting” would be the biggest understatement ever and worthy of a paragraph or two in the “Guinness Book of Records”.\r\n\r\nI have never witnessed a press conference like “THE DONALDS”, (I can’t even keep a straight face when I write President Elect) ever in my 60 years on this planet. To say that it was a circus is an insult to Chipperfields, Barnum’s and Billy Smarts, however, it was so entertaining I let trades fly way in the aftermath as I wanted to see how CNN (The fake news TV network) would react.\r\n\r\nLet me just say, I think that CNN is condescending to its viewers, trashy, badly programmed with smug presenters who think they know everything about everyone and every subject in the world. Frankly it is NOT a news channel, it lost that classification months ago when it gave up news in favour of the nightly 8 around the table lets shout at and across each other broadcast. These people were alleged well informed guests and mostly “paid contributors” brought on to say what the station wanted. At times, it was a toss-up, between the comedy channel and CNN, they both made me laugh as much as each other.\r\n\r\nI firmly believe the career politicians on the hill who are blockages to reform, will be called out the same way that CNN was last Wednesday. TRUMP could not give a shit. He has his agenda. He will work it and like Mr. Magoo he will boldly walk forward never looking back to see the chaos and disorder left behind him. Get used to it. This is the way that things are going to be. Expect the unexpected. CNN look like they are screwed moving forwards as far as THE DONALD is concerned and in a very rushed, one could say childish response they released a press statement denying all charges.\r\n\r\nIn the run up to the election the “experts” on CNN had a real go at TRUMP, for what may be good reason, but the “He’s just not doing it the right way” approach and consistent message was way off point. They missed the feelings of the voters just like the Democrats and were completely perplexed by the election result.\r\n\r\nAll this stuff in the US about the popular vote is sour grapes and frankly is energy that could be put to better use. In an election that is NOT based upon proportional representation, it happens lots of times that the winner may not have the popular vote as well. Suck it up and move on. The only solution is electoral reform, and if you go down the route of proportional representation, you end up with coalitions that are usually weak and bugger all that was proposed and mandated never gets done.\r\n\r\nSo…. welcome 2017... not just a new year but a new way.\r\n\r\nI had EUR/USD and USD/CHF long term trades open during the press conference. They are long, long-term trades. They were up and down, up and down like a hooker’s knickers. Small positions based on POSITION STYLE trades off the monthly ATR so they do not worry me, but the volatility was huge…”bigly” (as Trump would say).\r\n\r\nHere is an easy prediction for the next 4 years... more of the same!!\r\n\r\nMoving on…\r\n\r\nI did my first PERISCOPE BROADCAST last Monday, despite my microphone not working. This Monday the 16<sup>th</sup> at 5:30PM EST is PERISCOPE #2 and I am borrowing my wife’s headset, therefore the “hearing me” issues should be eradicated. If you want to hear me log into PERISCOPE, my twitter address is @pipaccumulator.\r\n\r\nFinally, <a href=\"mailto:jc*******@gmail.com\">jc*******@gmail.com</a> is the first subscriber this year to receive a FREE 10 week PREMIUM SERVICE subscription, valued at CAD$1,000.00\r\n\r\nThis could be you. All you have to do to be a winner of the monthly draw is to register to receive this blog via email by signing up for the FREE NEWSLETTER on my welcome page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> it is as simple as that.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE FX MARKET PLACE – LOOKING FORWARD:</strong></li>\r\n</ol>\r\n<strong><u>NOTE:</u></strong> This year, 2017, I am not going to look backwards in this section only forwards. News items / points of interest from the prior week will be covered in the introduction.\r\n\r\n<u>ECONOMIC DATA RELEASES:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017.png\"><img class=\"aligncenter size-large wp-image-8934\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/ECON-DATA-15012017-1021x1024.png\" alt=\"\" width=\"1021\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>MY THOUGHTS ON THE WEEK AHEAD:</u>\r\n\r\nA lot more economic data being released this coming week.\r\n\r\nThe high spot in the FX world, will of course be the ECB Press Conference, I doubt even another attacker on Draghi could create the same effect as the “TRUMP” press conference last week. It should be a far more businesslike sedate affair with the high noteworthy comments based around either a blue tie or red tie being worn!!\r\n\r\nThe BOC press conference in Canada will be very similar to that of the RBNZ… a few of the chaps sitting around drinking coffee and biscuits hanging on every breath that Stephen Poloz the BOC Governor takes. Apart from Vancouver, high-end house prices are rampant in Canada. Measures taken in Vancouver to stop outside investors bumping up prices have worked, but all that has happened is that those investors have moved east. There is a huge bubble about to burst in the housing market and this drive a wedge like a hot knife through butter, possibly triggering recession talks.\r\n\r\nI do not expect a rate cut this week, in fact, I expect Poloz to keep a neutral position like the RBNZ and to some extent the RBA. However, beneath his comments the Canadian economy has big risks in play.\r\n\r\nI have given up on the BOC being anything other than ultra Conservative; their reaction is comparable to that of a dinosaur.\r\n\r\nUK and Australian jobs are also on the agenda and they are usually market movers. Do not forget the Dairy auction prices, I wish I could. The NZD is without doubt the most over-valued pain in the arse currency to trade…. I always feel a little better after I have written that…. that damn flightless bird!! Those of you who are PREMIUM SERVICE subscribers will know where I am coming from.\r\n\r\n<u> </u>\r\n\r\n<u>USD MAJORS – “IMMEDIATE” SUPPORT &amp; RESISTANCE with TREND:</u>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017.png\"><img class=\"aligncenter size-large wp-image-8933\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/T-CHART-15012017-1024x805.png\" alt=\"\" width=\"1024\" height=\"805\" /></a>\r\n\r\nMy trade charts for the USD majors are below. My thoughts, views and commentary is written on the charts.\r\n\r\nYou will find my charts, hopefully easy to follow. I only use Fibonacci levels, trend lines, confluence points and sometimes chart patterns to identify my high probability trades. If you have any difficulty understanding the points that I am trying to make, please do not hesitate to contact me.\r\n\r\nEUR/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8938\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/EURUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8939\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/GBPUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8937\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/AUDUSD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017.png\"><img class=\"aligncenter size-large wp-image-8940\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/NZDUSD-D-17012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8941\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCAD-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8942\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDCHF-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017.png\"><img class=\"aligncenter size-large wp-image-8943\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/USDJPY-D-15012017-1024x496.png\" alt=\"\" width=\"1024\" height=\"496\" /></a>\r\n\r\n<strong>\r\n\r\n</strong>\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n 	<li><strong>THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and costs to subscribe plus the various trade styles and how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE, you will require a valid credit card.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n 	<li><strong>PREMIUM SERVICE – SUBSCRIBER CONTENT AREA:</strong></li>\r\n</ol>\r\n<ol start=\"5\">\r\n 	<li><strong>SCOTT’S SOAPBOX:</strong></li>\r\n</ol>\r\nIf you recall, in my final “DRIVE THRU” of 2016, I provided a list of TRADING PREDICTIONS for 2017. I basically named several geopolitical events that I feel will weigh on the markets this year. Therefore, for the first few weeks of 2017, I want to look at these events in a little more detail.\r\n\r\nAs you will be aware, so much has been said already on the subjects that I have highlighted, I can only add points and views that are my own, based upon how I see things and how I am going to view trading around these events.\r\n<p style=\"text-align: center;\"><strong>THE EUROZONE “RISKS”</strong></p>\r\nI am a simple guy; originally from Liverpool, England. I like my football and I love Cricket and Formula 1 racing. I am neat and tidy about the house, everything has its place. My computers are orderly; everything is in folders. I have spreadsheets everywhere and spreadsheets for everything. I consider myself reasonably well organized.\r\n\r\nCan you possibly understand what a person with my disciplines at home must think of the EUROZONE?\r\n\r\nThe EUROZONE is everything I am not. Yet given the headcount and the minimal amount of actual work required to function, the EUROZONE could be the envy of all administrators and desk office organizers in the world. Why aren’t they?\r\n\r\nThe EUROZONE could be the “best practice” example touted all over the globe. However, it is not.\r\n\r\nThe EUROZONE is wasteful, costly, still an experiment and frankly completely lacking in an effective organizational structure. It is basically a shamble.\r\n\r\nThis begs the obvious question…\r\n\r\n“In the name of all that is Holy how the feck is still in existence?”\r\n\r\nThat is the “Who wants to be a Millionaire” $64,000.00 question… I don\'t know the answer.\r\n\r\nHow does this shambolic organization still manage to remain in existence? I did not use the words work or working deliberately when writing about the EUROZONE because that would mislead people.\r\n\r\nIf a visiting spaceship was to land in Brussels and go into one of the many EUROPEAN UNION buildings to “suss” out us humans of the planet earth, I reckon the would be fecked off out of Brussels within the hour, reporting back to base along the lines of “This planet is full of fecking idiots who do not know their arse’s from their elbows, leave these numpties alone - nothing to see here”.\r\n\r\nOn a serious note if there are beings from outer space let’s hope they do land in Brussels and not Silicone Valley. It’s a well-known fact you will get no common sense out of Brussels and any response you do get, you will not understand anyway. In Silicon Valley, they might actually see something worth talking.\r\n\r\nMoving on…\r\n\r\nOver the past five years or so, I have written so many times about the EUROZONE it just has to be my favourite subject. There is NOTHING about the EUROZONE that makes sense to me… I struggle to find just one thing.\r\n\r\nMaybe the fact that Brussels is connected via the Channel Tunnel by high speed train from London is a good thing. Feck all use that\'s going to be after BREXIT… no nothing good about Brussels.\r\n\r\nBack on track…\r\n\r\nBrussels is the “Can kicking down the road” world’s best champion. Every major issue, results with fudging the answer or providing a stop gap the solution. It is paradise for civil servants… maintain the status quo… do not rock the boat and plunder your way from catastrophe to catastrophe all without consequence as these people are all non-elected individuals. It is a Sir Humphrey Appleton existence, a plethora of pen pushing, desk sucking jotter blotters.\r\n\r\nThe EUROPEAN UNION politicians are only interested in popularity and accusations, pointing fingers and blaming their predecessors, they are simply not good at, or interested in fixing things and along with the Brussels civil service it is a marriage made in heaven.\r\n\r\nAll of this comes at a cost.\r\n\r\nWe have seen a dreadful failed German initiated policy of austerity, which plunged huge percentages of the population of Europe into unemployment, with failing support services like health, education and welfare being starved of cash at a time when it was needed the most.\r\n\r\nPensions were reduced, terms of employment extended… so much hardship was inflicted on the poorest part of the EU. Not exactly what you would call a union!!\r\n\r\nThere are 28 countries (at the moment) in the EUROPEAN UNION. 19 of these countries has adopted the single currency (EUR). This is effectively 19 countries with different needs, wants and desires and cultures using the same cheque book to function.\r\n\r\n19 into 1 does not go…!\r\n\r\nWhen times are hard this scenario of 19 into 1 is just exacerbated more and more. The one size fits all just DOES NOT work.\r\n\r\nBorn out of the EEC in 1999, the EUROPEAN UNION has had 17 years to fix basic standards of membership on:\r\n<ul>\r\n 	<li>Tax Harmonization.</li>\r\n 	<li>Banking procedures.</li>\r\n 	<li>Social integration.</li>\r\n 	<li>Immigration</li>\r\n 	<li>Defence</li>\r\n</ul>\r\nI could write more. None of the above work. We are 17 years into a project, an experiment and frankly 17 years from now if the EUROZONE / EUROPEAN UNION is still in existence, it will probably mean that, “Hell must have frozen over” there can be no other explanation.\r\n\r\nThis year the EUROZONE / EUROPEAN UNION faces its biggest test so far, the “RISKS” are monumental.\r\n<ul>\r\n 	<li>BREXIT</li>\r\n 	<li>A BREXIT CONTAGION</li>\r\n 	<li>RISE IN THE POPULIST VOTE</li>\r\n 	<li>IMMIGRATION INTO THE UNION</li>\r\n 	<li>ELECTIONS IN FRANCE, HOLLAND &amp; GERMANY</li>\r\n 	<li>GREEK DEBT – ACT IV</li>\r\n</ul>\r\nThere are a few more but let’s just stick with these standouts.\r\n\r\nThe EU is a disaster at problem solving, it could NOT coordinate a round of drinks for everyone even if they were sat in a brewery at the time.\r\n\r\nThere are concerns over a BREXIT CONTAGION, this is a real fear and it has never been addressed fully by the remaining EU partners.\r\n\r\nI sometimes wonder does GERMANY want the EU to fail so they can blame the BREXIT and its fallout. This matter would definitely help all the German politicians and growing number of anti-European voices being heard in Germany.\r\n\r\nThe fact that apart from the “No special deals for the UK” nothing has been done to unify the remaining members to keep the far-right parties under wraps. In fact, the very opposite has taken place in FRANCE and ITALY…so far.\r\n\r\nThe immigration issue was the primary factor that pushed the BREXIT vote to win the day. Border controls are critical at most times given the terrorist society that we all live in now. Immigration into the EU is like a leaky bucket. Access into the EU illegally is simple through GREECE, ITALY, FRANCE and SPAIN etc. Whilst there are measures in place they are over-whelmed. The legal routes are at breaking point.  There are some really sad cases and immigration rights can be argued for some, but for the volumes and costs that go with it, it is crippling and it is not measured accurately because the authorities at the access points are snowed under.\r\n\r\nThe populist vote is on the rise.\r\n<ul>\r\n 	<li>Sovereignty</li>\r\n 	<li>Representation</li>\r\n 	<li>Immigration</li>\r\n 	<li>Trade</li>\r\n 	<li>Redistribution</li>\r\n 	<li>Anti-corporatism</li>\r\n</ul>\r\nThese are the hallmarks of the far right. We now find these topics used in everyday conversations, something we didn’t see before. The following are right wing parties/groups that are now becoming more than just household names: -\r\n<ul>\r\n 	<li>The Freedom Party (Austria)</li>\r\n 	<li>Vlaams Belang (Belgium)</li>\r\n 	<li>The Danish Peoples Party (Denmark)</li>\r\n 	<li>National Front (France)</li>\r\n 	<li>Syriza (Greece)</li>\r\n 	<li>Five Star Movement (Italy)</li>\r\n 	<li>Lega Nord ((Italy)</li>\r\n 	<li>Party for Freedom (Holland)</li>\r\n 	<li>Podermos (Spain)</li>\r\n 	<li>Swedish Democrats (Sweden)</li>\r\n</ul>\r\nThere was a time these political parties would never get “air time” that\'s all changed now.\r\n\r\nGREECE cannot afford to repay the loans that the EU has saddled them with. It is a fact. Even with 10% inflation, which would never be allowed in the EU, the Greek government just could not repay its way out.\r\n\r\n“Can we have some more sir” please… will be heard again in Brussels and Frankfurt sooner rather than later this year. Debt relief is the only answer…talk to yerself Pickering!!\r\n\r\nWe also have parliamentary elections in FRANCE, HOLLAND and GERMANY this year. There are zero guarantees on the outcomes.\r\n\r\nThe biggie is BREXIT. I cannot utter anything else on BREXIT other than given the general state of the EUROPEAN UNION partner economies, the EUROPEAN UNION has more to fear from a BREXIT than the UK in my opinion.  I know that in recent months it could be argued that we have seen a bottom in the EUROZONE numbers and that data is improving. I would concede this point. However, we are working off such a low base, the recovery is quite fragile that in my opinion one huge geopolitical risk will place back a square one once again. There is more than one such geopolitical risk facing the EUROZONE.\r\n\r\nAll the above offers one thing… UNCERTAINTY… in fact its HUGE UNCERTAINTY on a scale not seen before. Given its record of dealing with major issues, I just cannot see the EUROPEAN UNION / EUROZONE surviving in its present shape.\r\n\r\nIt is so fecked up now before any of this really bites, it has real survival issues in my opinion.\r\n\r\nSell the EUR/USD on spikes is the trade. Hold your trades, do not oversize your positions. I believe it may stabilize in Q3 after the summer but prior to the summer of 2017 the EURO trade is just, in my opinion “SELL THE RIPS”\r\n\r\nThere are massive RISKS in EUROPE.\r\n\r\nI know I am a little biased but you check it out yourself. I am not that far away from reality.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n 	<li><strong>CLOSING THOUGHTS:</strong></li>\r\n</ol>\r\nNothing more to add here, I have said enough except,\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care, have a great trading week.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #227 FREE NEWSLETTER VERSION\r\nDATE: 15<sup>th</sup> January 2017.<strong>\r\n\r\n</strong>','THE EUROZONE “RISKS”','','inherit','closed','closed','','8949-revision-v1','','','2017-01-14 12:38:18','2017-01-14 17:38:18','',8949,'http://weeklyfxdrivethru.com/8949-revision-v1/',0,'revision','',0),(9081,1,'2017-02-11 07:43:44','2017-02-11 12:43:44','','T CHART 12022017','','inherit','open','closed','','t-chart-12022017','','','2017-02-11 16:09:47','2017-02-11 21:09:47','',9101,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/02/T-CHART-12022017.png',0,'attachment','image/png',0),(9082,1,'2017-02-11 07:43:57','2017-02-11 12:43:57','','RADAR 12022017','','inherit','open','closed','','radar-12022017','','','2017-02-11 16:18:43','2017-02-11 21:18:43','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/02/RADAR-12022017.png',0,'attachment','image/png',0),(9083,1,'2017-02-11 07:44:10','2017-02-11 12:44:10','','FLASH 12022017','','inherit','open','closed','','flash-12022017','','','2017-02-11 16:17:50','2017-02-11 21:17:50','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2017/02/FLASH-12022017.png',0,'attachment','image/png',0),(8834,1,'2016-12-16 11:36:36','2016-12-16 16:36:36','','POSITION SIZING 01-2017','','inherit','open','closed','','position-sizing-01-2017','','','2016-12-16 11:37:06','2016-12-16 16:37:06','',8783,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png',0,'attachment','image/png',0),(8835,1,'2016-12-16 11:37:14','2016-12-16 16:37:14','<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017.png\"><img class=\"aligncenter size-large wp-image-8834\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POSITION-SIZING-01-2017-1024x649.png\" alt=\"\" width=\"1024\" height=\"649\" /></a>','Risk / Position Sizing','','inherit','closed','closed','','8783-revision-v1','','','2016-12-16 11:37:14','2016-12-16 16:37:14','',8783,'http://weeklyfxdrivethru.com/8783-revision-v1/',0,'revision','',0),(8836,1,'2016-12-16 11:56:33','2016-12-16 16:56:33','<h3><strong>OVERVIEW:</strong></h3>\nLong time subscribers to the PREMIUM SERVICE will already be aware that I adjust my approach to the trading markets as and when necessary.\n\nLast year in 2016, I launched primarily for PART-TIME Forex traders a series of trade set-ups called PART-TIME TRADER TRADES. It became apparent to me very quickly, given the fact that the Central Bank Monetary Policy Divergent trade was just NOT going to happen the way that I had envisaged towards the end of 2015.\n\nFrom this significant change in the markets and coupled with geopolitical RISKS which took on a much higher significance, came POSITION TRADES for all traders (PART-TIME TRADER TRADES were renamed).\n\nPOSITION TRADES:  formed the backbone of my trading summary in 2016. Without this change in my trading behavior 2016 would have been a huge struggle.\n\nMoving into 2017, I want to make some modification changes once again to keep relevance.\n\nBREXIT TRADES (BOT) and G8 (G8) trades will no longer be traded separately. Later in this update you will see how I propose to report on these trades moving forward.\n\nIntroducing POSITION traders, has, to some extent muddied the waters with regards to definitions and clarity between POSITION v FUNDAMENTAL trades. I hope that my definitions below will help clarify the trade definitions.\n\nI freely admit towards the end of last year I was getting too concerned over selecting the trade style!\n\n&nbsp;\n<h3><strong>RADAR TRADES (RT):</strong><u>\n\n</u>These are pre-meditated LIMIT ORDER entry trades set from either Fibonacci levels, pivot points or previous support and resistance levels based off a combination of horizontal or trend line support or resistance. In addition, sometimes chart patterns will help provide either a reason for or support for a trade set up being posted.</h3>\nThe goal; if market conditions apply allow the trade to gather traction and develop into a swing or even a longer-term POSITION trade.\n\nTARGET AUDIENCE: - RADAR TRADES are realistically designed and more suitable to day traders, or traders with a shorter time framed horizon with open trades. In my opinion traders need to be active to participate in these trade set-ups.\n\n<u> </u>\n\n<strong>FLASH TRADES (FT):</strong><u>\n\n</u>Mainly simply put, these are opportunist trades in LIVE market conditions. These trades are either based off a pullback strategy, a GIMME10 strategy, or off momentum in a trading pair at the time of entry, maybe caused by a breaking news event.\n\nThe goal is to either take 10-30 pips or see a sufficient move to place a protective stop in place to see if a swing trade develops.\n\nTARGET AUDIENCE: - FLASH TRADES are realistically for traders with very short-term trading horizons. They are called FLASH because I see these as quick momentum trades, although, should the momentum keep moving these trades will remain in play. You will however notice that I will move stops to maintain profits and protect profits. It is rare that I hold onto these trades for more than a day. The usual life span is minutes rather than hours. In my opinion, traders need to be very active to participate with these trade set-ups.\n\n<u> </u>\n\n<strong>POSITION TRADES (POS):</strong>\n\nThese trade set-ups are intended to have a longer-term trading perspective.\n\nThey are not only targeted at traders who consider they are part-time Forex traders; obviously, all traders can of course take advantage. (My definition of a part-time trader is one who is only able to look at their computer screens, or, mobile devices to check trades two or three times a day).\n\nThese trades are initiated via LIMIT ORDERS, when on a stop or limit basis.\n\nA key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The trades therefore have a smaller position size to allow for the swings in volatility, but multiple trades in the same currency pair are added when the core trade has gained traction in the desired direction.\n\nMy goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits as the trade matures, but hopefully at the same time letting trades run as far as possible.\n\nTARGET AUDIENCE: - POSITION TRADES, these trades were initially launched for those traders who like to hold positions for weeks, even months, and for traders who do NOT want to sit in front of their screens 24 x 7. These trades suit the PART-TIME trader who can only check their trades on twitter alerts two or three times a day or are only able to look at their computer screens only a few times a day.\n\n<u> </u>\n\n<strong>FUNDAMENTAL TRADES (FUN):</strong>\n\nThese are LIMIT ORDER entry trades using either buy/sell stop/limit entries to enter the trade. The best way to describe these trades is that they are longer-term perspective trades than RADAR TRADES but not with as longer a term horizon as a POSITION trade.\n\nThey are trades however, that are based off my longer-term FUNDAMENTAL views on a currency. Stops are based upon resistance/ support levels, using chart patterns and Fibonacci levels to determine both entry and exit levels. They can be multiple position trades, although POSITION trades are my primary trade style for this approach.\n\nTARGET AUDIENCE: - FUNDAMENTAL TRADES are realistically targeted for traders with a longer-term trading horizon. These trades would also suit traders who have a limited access to check the status of their trades during the day.\n\n&nbsp;\n\nI am looking at launching G10 trades (G10) this year and if these are a green for go they will be placed inside the POSITION TRADE excel spreadsheets\n\n&nbsp;\n\n<strong>SUMMARY:</strong>\n\nI hope that these changes in trade style definitions and approach will be met favourably and as always should the markets dictate a change I will be ready to respond accordingly.\nScott Pickering\n17th December 2016\n<h3></h3>\n<h3></h3>','Trade Style Definitions','','inherit','closed','closed','','7582-autosave-v1','','','2016-12-16 11:56:33','2016-12-16 16:56:33','',7582,'http://weeklyfxdrivethru.com/7582-autosave-v1/',0,'revision','',0),(8840,1,'2016-12-16 12:02:18','2016-12-16 17:02:18','<h3></h3>\r\n<h3></h3>\r\n<h3></h3>\r\n<h3></h3>\r\n<h3><strong>RADAR TRADES (RT):</strong><u>\r\n</u></h3>\r\n<u>\r\n</u>These are pre-meditated LIMIT ORDER entry trades set from either Fibonacci levels, pivot points or previous support and resistance levels based off a combination of horizontal or trend line support or resistance. In addition, sometimes chart patterns will help provide either a reason for or support for a trade set up being posted.\r\n\r\nThe goal; if market conditions apply allow the trade to gather traction and develop into a swing or even a longer-term POSITION trade.\r\n\r\nTARGET AUDIENCE: - RADAR TRADES are realistically designed and more suitable to day traders, or traders with a shorter time framed horizon with open trades. In my opinion traders need to be active to participate in these trade set-ups.\r\n\r\n<u> </u>\r\n<h3><strong>FLASH TRADES (FT):</strong><u>\r\n</u></h3>\r\nMainly simply put, these are opportunist trades in LIVE market conditions. These trades are either based off a pullback strategy, a GIMME10 strategy, or off momentum in a trading pair at the time of entry, maybe caused by a breaking news event.\r\n\r\nThe goal is to either take 10-30 pips or see a sufficient move to place a protective stop in place to see if a swing trade develops.\r\n\r\nTARGET AUDIENCE: - FLASH TRADES are realistically for traders with very short-term trading horizons. They are called FLASH because I see these as quick momentum trades, although, should the momentum keep moving these trades will remain in play. You will however notice that I will move stops to maintain profits and protect profits. It is rare that I hold onto these trades for more than a day. The usual life span is minutes rather than hours. In my opinion, traders need to be very active to participate with these trade set-ups.\r\n\r\n<u> </u>\r\n<h3><strong>POSITION TRADES (POS):</strong></h3>\r\nThese trade set-ups are intended to have a longer-term trading perspective.\r\n\r\nThey are not only targeted at traders who consider they are part-time Forex traders; obviously, all traders can of course take advantage. (My definition of a part-time trader is one who is only able to look at their computer screens, or, mobile devices to check trades two or three times a day).\r\n\r\nThese trades are initiated via LIMIT ORDERS, when on a stop or limit basis.\r\n\r\nA key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The trades therefore have a smaller position size to allow for the swings in volatility, but multiple trades in the same currency pair are added when the core trade has gained traction in the desired direction.\r\n\r\nMy goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits as the trade matures, but hopefully at the same time letting trades run as far as possible.\r\n\r\nTARGET AUDIENCE: - POSITION TRADES, these trades were initially launched for those traders who like to hold positions for weeks, even months, and for traders who do NOT want to sit in front of their screens 24 x 7. These trades suit the PART-TIME trader who can only check their trades on twitter alerts two or three times a day or are only able to look at their computer screens only a few times a day.\r\n\r\n<u> </u>\r\n<h3><strong>FUNDAMENTAL TRADES (FUN):</strong></h3>\r\nThese are LIMIT ORDER entry trades using either buy/sell stop/limit entries to enter the trade. The best way to describe these trades is that they are longer-term perspective trades than RADAR TRADES but not with as longer a term horizon as a POSITION trade.\r\n\r\nThey are trades however, that are based off my longer-term FUNDAMENTAL views on a currency. Stops are based upon resistance/ support levels, using chart patterns and Fibonacci levels to determine both entry and exit levels. They can be multiple position trades, although POSITION trades are my primary trade style for this approach.\r\n\r\nTARGET AUDIENCE: - FUNDAMENTAL TRADES are realistically targeted for traders with a longer-term trading horizon. These trades would also suit traders who have a limited access to check the status of their trades during the day.','Trade Style Definitions','','inherit','closed','closed','','7582-revision-v1','','','2016-12-16 12:02:18','2016-12-16 17:02:18','',7582,'http://weeklyfxdrivethru.com/7582-revision-v1/',0,'revision','',0),(8839,1,'2016-12-16 12:01:42','2016-12-16 17:01:42','<h3></h3>\r\n<h3></h3>\r\n<h3><strong>RADAR TRADES (RT):</strong><u>\r\n</u></h3>\r\n<u>\r\n</u>These are pre-meditated LIMIT ORDER entry trades set from either Fibonacci levels, pivot points or previous support and resistance levels based off a combination of horizontal or trend line support or resistance. In addition, sometimes chart patterns will help provide either a reason for or support for a trade set up being posted.\r\n\r\nThe goal; if market conditions apply allow the trade to gather traction and develop into a swing or even a longer-term POSITION trade.\r\n\r\nTARGET AUDIENCE: - RADAR TRADES are realistically designed and more suitable to day traders, or traders with a shorter time framed horizon with open trades. In my opinion traders need to be active to participate in these trade set-ups.\r\n\r\n<u> </u>\r\n<h3><strong>FLASH TRADES (FT):</strong><u>\r\n</u></h3>\r\nMainly simply put, these are opportunist trades in LIVE market conditions. These trades are either based off a pullback strategy, a GIMME10 strategy, or off momentum in a trading pair at the time of entry, maybe caused by a breaking news event.\r\n\r\nThe goal is to either take 10-30 pips or see a sufficient move to place a protective stop in place to see if a swing trade develops.\r\n\r\nTARGET AUDIENCE: - FLASH TRADES are realistically for traders with very short-term trading horizons. They are called FLASH because I see these as quick momentum trades, although, should the momentum keep moving these trades will remain in play. You will however notice that I will move stops to maintain profits and protect profits. It is rare that I hold onto these trades for more than a day. The usual life span is minutes rather than hours. In my opinion, traders need to be very active to participate with these trade set-ups.\r\n\r\n<u> </u>\r\n<h3><strong>POSITION TRADES (POS):</strong></h3>\r\nThese trade set-ups are intended to have a longer-term trading perspective.\r\n\r\nThey are not only targeted at traders who consider they are part-time Forex traders; obviously, all traders can of course take advantage. (My definition of a part-time trader is one who is only able to look at their computer screens, or, mobile devices to check trades two or three times a day).\r\n\r\nThese trades are initiated via LIMIT ORDERS, when on a stop or limit basis.\r\n\r\nA key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The trades therefore have a smaller position size to allow for the swings in volatility, but multiple trades in the same currency pair are added when the core trade has gained traction in the desired direction.\r\n\r\nMy goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits as the trade matures, but hopefully at the same time letting trades run as far as possible.\r\n\r\nTARGET AUDIENCE: - POSITION TRADES, these trades were initially launched for those traders who like to hold positions for weeks, even months, and for traders who do NOT want to sit in front of their screens 24 x 7. These trades suit the PART-TIME trader who can only check their trades on twitter alerts two or three times a day or are only able to look at their computer screens only a few times a day.\r\n\r\n<u> </u>\r\n<h3><strong>FUNDAMENTAL TRADES (FUN):</strong></h3>\r\nThese are LIMIT ORDER entry trades using either buy/sell stop/limit entries to enter the trade. The best way to describe these trades is that they are longer-term perspective trades than RADAR TRADES but not with as longer a term horizon as a POSITION trade.\r\n\r\nThey are trades however, that are based off my longer-term FUNDAMENTAL views on a currency. Stops are based upon resistance/ support levels, using chart patterns and Fibonacci levels to determine both entry and exit levels. They can be multiple position trades, although POSITION trades are my primary trade style for this approach.\r\n\r\nTARGET AUDIENCE: - FUNDAMENTAL TRADES are realistically targeted for traders with a longer-term trading horizon. These trades would also suit traders who have a limited access to check the status of their trades during the day.','Trade Style Definitions','','inherit','closed','closed','','7582-revision-v1','','','2016-12-16 12:01:42','2016-12-16 17:01:42','',7582,'http://weeklyfxdrivethru.com/7582-revision-v1/',0,'revision','',0),(8838,1,'2016-12-16 12:00:38','2016-12-16 17:00:38','<h3></h3>\r\n<h3><strong>OVERVIEW:</strong></h3>\r\nLong time subscribers to the PREMIUM SERVICE will already be aware that I adjust my approach to the trading markets as and when necessary.\r\n\r\nLast year in 2016, I launched primarily for PART-TIME Forex traders a series of trade set-ups called PART-TIME TRADER TRADES. It became apparent to me very quickly, given the fact that the Central Bank Monetary Policy Divergent trade was just NOT going to happen the way that I had envisaged towards the end of 2015.\r\n\r\nFrom this significant change in the markets and coupled with geopolitical RISKS which took on a much higher significance, came POSITION TRADES for all traders (PART-TIME TRADER TRADES were renamed).\r\n\r\nPOSITION TRADES:  formed the backbone of my trading summary in 2016. Without this change in my trading behavior 2016 would have been a huge struggle.\r\n\r\nMoving into 2017, I want to make some modification changes once again to keep relevance.\r\n\r\nBREXIT TRADES (BOT) and G8 (G8) trades will no longer be traded separately. Later in this update you will see how I propose to report on these trades moving forward.\r\n\r\nIntroducing POSITION traders, has, to some extent muddied the waters with regards to definitions and clarity between POSITION v FUNDAMENTAL trades. I hope that my definitions below will help clarify the trade definitions.\r\n\r\nI freely admit towards the end of last year I was getting too concerned over selecting the trade style!\r\n\r\n&nbsp;\r\n<h3><strong>RADAR TRADES (RT):</strong><u>\r\n</u></h3>\r\n<u>\r\n</u>These are pre-meditated LIMIT ORDER entry trades set from either Fibonacci levels, pivot points or previous support and resistance levels based off a combination of horizontal or trend line support or resistance. In addition, sometimes chart patterns will help provide either a reason for or support for a trade set up being posted.\r\n\r\nThe goal; if market conditions apply allow the trade to gather traction and develop into a swing or even a longer-term POSITION trade.\r\n\r\nTARGET AUDIENCE: - RADAR TRADES are realistically designed and more suitable to day traders, or traders with a shorter time framed horizon with open trades. In my opinion traders need to be active to participate in these trade set-ups.\r\n\r\n<u> </u>\r\n<h3><strong>FLASH TRADES (FT):</strong><u>\r\n</u></h3>\r\nMainly simply put, these are opportunist trades in LIVE market conditions. These trades are either based off a pullback strategy, a GIMME10 strategy, or off momentum in a trading pair at the time of entry, maybe caused by a breaking news event.\r\n\r\nThe goal is to either take 10-30 pips or see a sufficient move to place a protective stop in place to see if a swing trade develops.\r\n\r\nTARGET AUDIENCE: - FLASH TRADES are realistically for traders with very short-term trading horizons. They are called FLASH because I see these as quick momentum trades, although, should the momentum keep moving these trades will remain in play. You will however notice that I will move stops to maintain profits and protect profits. It is rare that I hold onto these trades for more than a day. The usual life span is minutes rather than hours. In my opinion, traders need to be very active to participate with these trade set-ups.\r\n\r\n<u> </u>\r\n<h3><strong>POSITION TRADES (POS):</strong></h3>\r\nThese trade set-ups are intended to have a longer-term trading perspective.\r\n\r\nThey are not only targeted at traders who consider they are part-time Forex traders; obviously, all traders can of course take advantage. (My definition of a part-time trader is one who is only able to look at their computer screens, or, mobile devices to check trades two or three times a day).\r\n\r\nThese trades are initiated via LIMIT ORDERS, when on a stop or limit basis.\r\n\r\nA key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The trades therefore have a smaller position size to allow for the swings in volatility, but multiple trades in the same currency pair are added when the core trade has gained traction in the desired direction.\r\n\r\nMy goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits as the trade matures, but hopefully at the same time letting trades run as far as possible.\r\n\r\nTARGET AUDIENCE: - POSITION TRADES, these trades were initially launched for those traders who like to hold positions for weeks, even months, and for traders who do NOT want to sit in front of their screens 24 x 7. These trades suit the PART-TIME trader who can only check their trades on twitter alerts two or three times a day or are only able to look at their computer screens only a few times a day.\r\n\r\n<u> </u>\r\n<h3><strong>FUNDAMENTAL TRADES (FUN):</strong></h3>\r\nThese are LIMIT ORDER entry trades using either buy/sell stop/limit entries to enter the trade. The best way to describe these trades is that they are longer-term perspective trades than RADAR TRADES but not with as longer a term horizon as a POSITION trade.\r\n\r\nThey are trades however, that are based off my longer-term FUNDAMENTAL views on a currency. Stops are based upon resistance/ support levels, using chart patterns and Fibonacci levels to determine both entry and exit levels. They can be multiple position trades, although POSITION trades are my primary trade style for this approach.\r\n\r\nTARGET AUDIENCE: - FUNDAMENTAL TRADES are realistically targeted for traders with a longer-term trading horizon. These trades would also suit traders who have a limited access to check the status of their trades during the day.\r\n\r\nI am looking at launching G10 trades (G10) this year and if these are a green for go they will be placed inside the POSITION TRADE excel spreadsheets.','Trade Style Definitions','','inherit','closed','closed','','7582-revision-v1','','','2016-12-16 12:00:38','2016-12-16 17:00:38','',7582,'http://weeklyfxdrivethru.com/7582-revision-v1/',0,'revision','',0),