&nbsp;
<ol>
	<li><span style="font-size: 14pt;"><strong> INTRODUCTION:</strong></span></li>
</ol>
Well… I don't think that I can write about a lack of volatility this week.

The FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.

Strangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.

Do not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.

The upcoming sessions this week will be great to trade: -
<ul>
	<li>The end of QE (Quantitative Easing) in the U.S.</li>
	<li>The FED stating that interest rate rises will happen in 2015.</li>
	<li>FED and ECB on divergent monetary policies.</li>
	<li>FED and BOJ on divergent monetary policies.</li>
	<li>ECB Press Conference (06.11.2014).</li>
	<li>S. Non-Farm payrolls (07.11.2014).</li>
	<li>CAD Employment Data (07.11.2014).</li>
	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>
	<li>NZD Employment Data (04.11.2014).</li>
	<li>AUD Employment Data (05.11.2014).</li>
	<li>GBP Bank Rate (06.11.2014).</li>
</ul>
I am looking forward to the above there should be some great trading opportunities.

Finally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.

The FREE NEWSLETTER version will have no SECTION 4

In 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.

I am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.

<strong> </strong>
<ol start="2">
	<li><strong></strong><strong><span style="font-size: 14pt;"> THE PREMIUM SERVICE: </span></strong>&nbsp;</li>
</ol>
<p style="text-align: center;"><span style="font-size: 12pt;"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND
</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>
<span style="text-decoration: underline;">2.1 OVERVIEW:</span>

For new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.

<span style="text-decoration: underline;">2.2 TRADING ACTIVITY:</span>

I had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.

You can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.

The year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -

434 x single micro lot trades <span style="text-decoration: underline;"><strong>COST $43.40 PROFIT $956.50</strong></span>

434 x single mini lot trades <span style="text-decoration: underline;"><strong>COST $434.00 PROFIT $9,565.00</strong></span>

434 x single standard lot trades <span style="text-decoration: underline;"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>

I am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.

I will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.

<span style="text-decoration: underline;">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>

Below I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.

Below are the excel spreadsheets covering this month so far and the year 2014 to date.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png"><img class="aligncenter size-full wp-image-4670" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png" alt="PS TRADING SUMMARY OCTOBER 2014" width="566" height="333" /></a>

&nbsp;

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png"><img class="aligncenter size-full wp-image-4671" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png" alt="RISK-REWARD ANALYSIS OCT 2014" width="413" height="544" /></a>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png"><img class="aligncenter size-full wp-image-4668" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png" alt="PREM SERVICE PROFITS 1 31102014" width="452" height="415" /></a>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png"><img class="aligncenter size-full wp-image-4669" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png" alt="PREM SERVICE PROFITS 2 31102014" width="460" height="421" /></a>

<span style="text-decoration: underline;">PLEASE NOTE:</span>

The above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.

Just to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.

The above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.

You must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.

&nbsp;
<ol start="3">
	<li><span style="font-size: 14pt;"><strong> WHAT’S ON MY MIND:</strong></span></li>
</ol>
<span style="font-size: 12pt;"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>
<p style="text-align: center;"><strong><span style="font-size: 12pt;">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span> </strong> <strong>
</strong></p>
The short answer is…. NO.

The ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.

The market wants QE and lots of it.

Do not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.

I would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.

Remember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate

What do I think are Draghi’s options that he may deliver this Thursday? -
<ol>
	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>
	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>
	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>
	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years, achieve the initial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that's before the cynics in Germany get their claws into Draghi and his merry-men of the ECB.

The thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something that Draghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and the Bundesbank.

For this reason alone I just cannot see QE being introduced in the EUROZONE.</li>
</ol>
At the same time do NOT rule out Draghi saying it’s QE when it isn’t!

I blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.

So far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.

This Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.

PREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).

&nbsp;
<ol start="4">
	<li><span style="font-size: 14pt;"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>
</ol>
(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)

<span style="text-decoration: underline;">4.1 TRADER TOPICS:</span>
<p style="text-align: center;"><strong>3 QUICK WAYS TO ENHANCE YOUR FOREX TRADING SKILLS:</strong></p>
It is always a good thing in life not to be seen as a one trick pony. In Forex it’s just the same, you need to have several trading alternatives that you can rely upon should the market timing dictate. Not only do you need to know your trading strategies off by heart but you also need to have and be willing to try other approaches when the market environment changes.

In order to sustain your trading edge, you must always be ready to adapt and this requires diversifying your skills. New skills do not need to be far away from your existing, sometimes it is just tweaks in your habits to find new opportunities.

Here are 3 ideas:

<span style="text-decoration: underline;">LOOK AT OTHER TIMEFRAMES:</span>

If you are a day trader, it does not mean that you have to stick to shorter time frames all the time.

It is not unusual to hear of day traders checking out larger / longer time frames to see the currency pairs directional trend.

At the same time, swing and position traders usually learn about significant levels (Fibonacci Retracement and Pivot Points) and adding positions from day trading techniques.

<span style="text-decoration: underline;">
TRY TRADING OTHER PAIRS:</span>

If you think that you have mastered the behavior of a currency. Move up to next stage.

e.g. If you consider yourself the NZD/USD expert amongst your peers, try looking at the NZD/JPY, or EUR/NZD.

This way you are maximizing your ability to predict the Kiwi’s price action, but your trade ideas aren’t limited to a couple of currency pairs.
<span style="text-decoration: underline;">BE OPEN TO OTHER TRADE SETUPS:</span>

Expanding your trading skills ultimately boils down to you being open to new strategies. Again, you do not have to veer far away from the skills that you already have.

If you are a system / probabilities trader and you can spot confluences even in your sleep, then it wouldn’t hurt you to try out other systems that have similar concepts. Discretionary traders can also make room for new ideas and trading opportunities by looking at other leading or lagging indicators or adjusting the parameters.

If you are trading ranges and you know when they’re about to break out, then maybe you could try breakout trading.

The whole point of this exercise is for you to acquire new weapons in your trading arsenal. Having an edge in trading is always a good thing, but you need to develop fresh sources of “edge” to sustain your advantage.

<strong> </strong><strong> </strong>

<span style="text-decoration: underline;">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>

&nbsp;

<strong>RADAR TRADES:</strong><strong> </strong>

There are no LIVE RADAR trades at the present time.

<strong> </strong>

<strong>FLASH TRADES:</strong>

FT202
USD/CAD
Long
Cost Average at: 1.1340
Stop at 1.1170
Limit at 1.1570
Present Price: 1.1265
Current Profit / Loss Position: -75 pips
(This trade is currently hedged from -70 pips)

<strong> </strong>

<strong>FUNDAMENTAL TRADES:</strong>

There are no LIVE FUNDAMENTAL trades at the present time.

<strong> </strong>

<span style="text-decoration: underline;">4.3 TRADES THAT ARE ON MY RADAR:</span>

&nbsp;

I am still a USD bull and PLAN A is still very much in play.

Here are the trades that are on my RADAR. These are written out already and just need to be loaded into my broker accounts on Sunday night / Monday morning. I will tweet when I load a trade.

EUR/USD
SHORT
ENTRY AT 1.2550
STOP AT 1.2620
LIMIT AT 1.2100
(50% retracement of big move from 2000 lows of 0.8205 to 2008 highs at 1.5998)

<strong> <a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014.png"><img class="aligncenter size-large wp-image-4658" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014-1024x491.png" alt="EURUSD WEEKLY 31102014" width="1024" height="491" /></a></strong>

&nbsp;

GBP/USD
SHORT
ENTRY AT 1.6040
STOP AT 1.6150
LIMIT 1.5460

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014.png"><img class="aligncenter size-large wp-image-4656" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014-1024x491.png" alt="GBPUSD MONTHLY 31102014" width="1024" height="491" /></a>

&nbsp;

&nbsp;

NZD/USD
SHORT
ENTRY AT 0.7840
STOP AT 0.7920
LIMIT 0.7500

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014.png"><img class="aligncenter size-large wp-image-4655" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014-1024x491.png" alt="NZDUSD WEEKLY 31102014" width="1024" height="491" /></a>

&nbsp;

AUD/USD
SHORT
ENTRY AT 0.8900
STOP AT 0.9000
LIMIT AT 0.7500

USD/CHF
LONG
ENTRY FROM 0.9580
STOP AT 0.9510
LIMIT 0.9750

EUR/NZD
LONG
ENTRY AT 1.6030
STOP AT 1.5850
LIMIT AT 1.6450 then second objective = 1.7250

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014.png"><img class="aligncenter size-large wp-image-4659" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014-1024x491.png" alt="EURNZD 12 HOUR 31102014" width="1024" height="491" /></a>

<strong> </strong>

GBP/NZD
LONG
ENTRY AT 2.0250
STOP AT 1.9800
LIMIT AT 2.1050

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014.png"><img class="aligncenter size-large wp-image-4657" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014-1024x491.png" alt="GBPNZD 12 HOUR 31102014" width="1024" height="491" /></a>

&nbsp;

I will obviously add any more trade set-ups via twitter and THE DAILY FX POST as I see them.

<strong> </strong>

<span style="text-decoration: underline;">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>

The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.

<span style="text-decoration: underline;">LONG:</span>

USD/CAD
USD/CHF
USD/JPY
AUD/JPY
CAD/JPY
CHF/JPY
EUR/JPY
GBP/JPY
NZD/JPY
AUD/CAD
GBP/CHF
AUD/NZD
USD/DKK
USD/NOK
USD/SEK

<span style="text-decoration: underline;">SHORT:
</span>
EUR/USD
GBP/USD
NZD/USD
EUR/GBP
EUR/AUD
EUR/CHF

<strong> </strong>
<ol start="5">
	<li><span style="font-size: 14pt;"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span><strong> </strong></li>
</ol>
<span style="font-size: 12pt;"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>

<span style="text-decoration: underline;">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>

<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.

<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.

<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.<strong> </strong>

<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.<strong> </strong>

<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280

<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.

<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.

<strong> </strong><strong> </strong>

<span style="text-decoration: underline;">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>

SUNDAY: AUD – Building Approvals.
SUNDAY: CNY – HSBC Manufacturing PMi.

MONDAY: GBP – Manufacturing PMi.
MONDAY: AUD – Retail Sales &amp; Trade Balance.
MONDAY: AUD – RBA Rate Statement and Cash Rate.

TUESDAY: GBP – Construction PMi.
TUESDAY: CAD – Trade Balance.
TUESDAY: USD – Trade Balance.
TUESDAY: NZD – GDT Price Index and Unemployment Rate

WEDNESDAY: GBP – Services PMi.
WEDNESDAY: USD – ADP Non Farm Employment Change.
WEDNESDAY: USD – ISM Non Manufacturing PMi.
WEDNESDAY: AUD – Unemployment Rate.

THURSDAY: GBP – Interest Rates and Asset Purchase Facility.
THURSDAY: EUR – Interest Rate Decision and Press Conference.
THURSDAY: CAD – Building Permits.
THURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.

FRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.
FRIDAY: CAD – Unemployment Rate

<strong> </strong>
<ol start="6">
	<li><span style="text-decoration: underline;"><strong> ODDS AND ENDS:</strong></span></li>
</ol>
<span style="text-decoration: underline;">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>

If you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -

Go to my website: - <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

On the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.

I do NOT sell your email data to anyone…do not worry.

&nbsp;

<span style="text-decoration: underline;">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>

There are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.

Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.

By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website

Any reader who buys products or services from any advertiser via a banner on my website, <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.

&nbsp;

<strong> </strong>
<ol start="7">
	<li><span style="font-size: 14pt;"><strong> FINAL THOUGHTS:</strong></span></li>
</ol>
This is a big week for news.

With so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.

Last week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.

Just remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.

&nbsp;

Good luck this week and always manage your risk.

Scott Pickering
The Pip Accumulator
Saturday November 1st 2014

EMAIL / FOLLOW ME AT:
premiumservice@weeklyfxdrivethru.com
Twitter: @pipaccumulator
Twitter: @ThePremService
Google+/scottpickering

<strong>DISCLAIMER:</strong>

FLASH, RADAR and FUNDAMENTAL 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.