&nbsp;
<ol>
	<li><span style="font-size: 14pt;"><strong> INTRODUCTION:</strong></span></li>
</ol>
There was some nice volatility at the end of the week with the ECB Press Conference and U.S. Non-Farm payroll reports.

I stayed more or less on the sidelines during the week and traded very lightly. Over the past few major events I had been caught the wrong side on trades that took hedging to clear which, I am OK with but it is not something that I want to use all the time. In my TRADING PLAN hedging is essentially a facility that I adopt when trading in particular, commodity cross-rates and Nordic currencies. PREMIUM SERVICE SUBSCRIBERS are able to access my articles / thoughts on hedging under the EDUCATION tab inside TRADING ESSENTIALS section of the website.

All of the news from Australia and New Zealand earlier in the week faded away very quickly as all eyes were on Draghi and then the jobs report in the U.S.

Draghi, I will talk about later…I just cannot resist my slant on matters EUROZONE.

With regards to the Non-Farm payroll numbers, because the earlier ADP and PMi data releases showed highs from recent times, I like many other observers was slanted towards blowout numbers approaching 300,000, much higher than the predicted 233,000. The number was 214,000. It was still above the key 200,000 but given the prior supporting data it was treated as a little disappointing.

All my pre-release work was wasted. After about an hour and a half I set up some limit order entry trades (RADAR TRADES).

I view the pullback with the USD only a temporary factor. A multi year trend line has been tested and we are in breakout territory. With such inflection points in play you have to expect major buyer / seller activity to see who wins out!

Below I include two USD index charts (DXY). The first shows the breakout and the second the multi year trend line.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014.png"><img class="aligncenter size-large wp-image-4706" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014-1024x515.png" alt="DXY - DAILY TREND LINE 08112014" width="1024" height="515" /></a>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE.png"><img class="aligncenter size-large wp-image-4705" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE-1024x527.png" alt="DXY 29 YEAR TREND LINE" width="1024" height="527" /></a>

&nbsp;

Before moving on; we must in my opinion think about one key fundamental factor after two big weeks of Forex moves.

That is Fundamentally nothing has changed, with the exception of the BOJ adding additional easing.

This fact we must bear in mind moving forward. We have been given opportunities to enter the markets at better prices.

If your fundamental views remain that the EUR is going lower, the USD is strengthening, the RBA and RBNZ are looking to weaken their currencies and finally you believe that the BOJ is aiming for 120.00 in the USD/JPY. Then you have a direction and you should have a plan in place.

I still have PLAN A on the table albeit suspended whilst we get over the high beta news events. PLAN A will bite back next week, it is based very simply and primarily on the four bullet points below: -
<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>
</ul>
I firmly believe that there are thousands of pips available with the up-coming moves so maybe missing a hundred or so pips over the past few days does not concern me too much.

<strong> </strong><strong> </strong>
<ol start="2">
	<li><strong><span style="font-size: 14pt;"> THE PREMIUM SERVICE: </span></strong></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>

This week as I thought it would be, was a very limited trading week. I only completed 7 trades (6 x profitable and 1 x losing trade

As I have repeatedly stated trading Forex, establishing longevity in Forex Trading can only be achieved if you are selective when and how you trade. It took me 5 years to come to terms with this and even now to remain disciplined is extremely hard.

About 8 months ago, I opened up the PREMIUM SERVICE to basically a $20.00 (4 week) trial. Almost 90% of the traders that took advantage of this low cost entry were gamblers. The number of communications that I received about not having 8-10 trades a day was incredible. After a couple of months, I removed the offer.

You have to face the simple facts… “IT IS YOU VERSUS THE MARKET”. You have to be savvy, cute and non-trusting of some of the information that you are given, in particular from politicians. Being technical is NOT enough in my opinion. You must have a fundamental overview to give you balance and more than a 5-minute directional viewpoint.

Therefore in summary, let the trades come to you. This past week was one of those weeks.

<span style="text-decoration: underline;">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>

Over the past few weeks the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.

No matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.

I have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.

As a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -
<ol>
	<li>First thing in the morning (7.00-8.30AM EDT).</li>
	<li>Lunch time (12.00-1.00PM EDT).</li>
	<li>Evening time (7.00-8.30PM EDT).</li>
</ol>
In addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.

I have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.

If I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.

If an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.

If you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>MICRO LOT TRADING = minimum $1,000.00 to $5,000.00.</strong></span></p>
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>MINI LOT TRADING = minimum $5,000.00 to $20,000.00.</strong></span></p>
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>STANDARD LOT TRADING = minimum $20,000.00 onwards.</strong></span></p>
Inside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.

From all this realistic trading $$$ goals can be set.

Feel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.

<span style="text-decoration: underline;">2.4 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/2014/11/PREM-SERV-PROFITS1-08112014.png"><img class="aligncenter size-full wp-image-4712" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png" alt="PREM SERV PROFITS1 08112014" width="446" height="429" /></a>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png"><img class="aligncenter size-full wp-image-4713" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png" alt="PREM SERV PROFITS2 08112014" width="465" height="436" /></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.

<strong> </strong>
<ol start="3">
	<li><span style="font-size: 14pt;"><strong> WHAT’S ON MY MIND:</strong></span></li>
</ol>
<p style="text-align: center;"><span style="font-size: 12pt;"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></p>
<p style="text-align: center;"><span style="font-size: 12pt;"><strong>DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK</strong></span></p>
What can I say… from last week’s blog I am going to claim I got it almost 100% correct.

Draghi did not add anything new last Thursday.

He did nothing but talk, which is what Draghi and the ECB are good at.

Given the pressure that he was under from Germany, in particular, Jens Weidmann President of the Deutsche Bundesbank, Mario Draghi stood firm over the comments he had made earlier in Jackson Hole in October, which some EUROZONE officials have stated under their breath were made without clearance…. presumably from Germany whether it be Berlin or Frankfurt.

Draghi managed to pull the rabbit from the hat once again on talk. He did show the following: -
<ol>
	<li>Determination in sticking to his previous comments. When he spoke about QE and expanding the balance sheet of the ECB to the 2012 highs of about €3 trillion. He claimed that the decisions associated with this were 100% unanimous. This shows that he is still in control at the ECB.</li>
	<li>He was very confident in the fact that he had the mandate from the ECB Governing Council to add stimulus if required.</li>
	<li>He was very clear showing that in comparison to the United States the ECB assets are going to expand whilst the U.S. contracts.</li>
	<li>He left the door open to say that he would not hesitate to act if inflation continued to stagnate or if the Governing Council thought that the present action was not enough.</li>
</ol>
Whilst, I think that Draghi has a thankless job, as he is in a puppet position with Berlin holding the strings; he has shown a side of steel that he needs to portray to the markets for the markets to believe the claims of independence that the ECB claims to have.

Nevertheless, I can only imagine the conversations being made behind Draghi’s back in Germany following his comments last Thursday during the ECB Press Conference. As we all now know, because Germany has it’s a “their way or the highway” approach to all matters in the EUROZONE, they need to be dragged screaming like a child to do the right thing, if it’s against their economic strategies. In this case sovereign bond buying (QE).

Cast your minds back. The Germans were anti-EUROZONE bailouts for Greece, Portugal and Ireland. At the eleventh hour and 59 minutes and 59 seconds, Germany suddenly realized that without bailouts the EUROZONE would have collapsed because there was no alternative and finally reality set in.

As I have written many times over the past few months, DEFLATION is sitting in the EUROZONE and the Germans are once again in denial.

Can you imagine the phone calls from Frankfurt to Berlin when Draghi announced the expansion of the ECB balance sheet back to 2012 highs of €3 trillion?

This comment from Draghi was made only days after the news agencies (I think it was Reuters) claimed that there was an ECB rebellion.

As stated earlier, with this as a backdrop to pull the rabbit from the hat was his finest hour; it was a triumph for him personally.

Make no mistake; the knives are being sharpened as I type (if not done already) in Berlin and Frankfurt. The were threats of resignations from Jens Weidman and Sabine Lautenschlaeger (President and Vice President of the Bundesbank) but I will be surprised if they happen.

What will happen, in my opinion, after showing that he can cut the puppet strings from Berlin if only for an hour is the following: -

I would imagine that he would only exercise the purchase of government bonds if EUROZONE inflation continues to remain in DEFLATIONARY mode.

The Germans must recognize even if dragged screaming or not, that the risks of DEFLATION are much greater than the risk of credit losses on any potential assets purchased by the ECB.

Full-blown QE purchasing sovereign bonds is only a matter of time in my opinion. Germany will get on board - they have to because there is no alternative.

Draghi has played his “joker card”, there can be no more talk. He has committed finally to action, but I do not think that it will be plain sailing. He will have many bridges to repair and smooth over ruffled feathers with his doubters in the EUROZONE because if he does not, I think that he will be acting out modern day scenes from Julius Caesar.

Will I soon be writing about Draghi being a man of action?

Well, it may not go that far, but I do know that he is probably a man with a target on his back given what has transpired over the past few days and he will have to keep looking over his shoulder.

Maybe his career in Italian politics will come around sooner than anticipated?

&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>THE STAGES OF LOSS IN FOREX:</strong></p>
One of the first things that you should learn in Forex trading is accepting defeat. Although it is a normal part of the overall trading process, losing is something that many traders, both newbies and pros have difficulty with.

Think about it. Losing in a game where nothing is at stake is tough enough, but so much more painful when there is actual money involved that you have worked very hard for.

The main reason behind the difficulty in coping with losses lies with the lack of understanding rather than actual psychological problems. People who are experiencing loses misunderstand the negative emotions that are attached with them, which can cause anguish and despair. This eventually makes them quit Forex trading altogether. People who cannot deal with the psychology of losing end up exiting the Forex trading business quickly.

In this article I would like to address that lack of knowledge with losses. In the next several paragraphs, I am going to talk about the four stages of loss in Forex, namely denial, rationalizing, depression, and acceptance.

Do the terms sound familiar? They should, because they are similar to the four stages of grief. Do note, however, that they are applied differently in Forex. My desire is that by getting to know these four stages, you will be better prepared to handle the losses that come with trading.

<span style="text-decoration: underline;">STAGE 1: DENIAL</span>

The first stage of loss enables you to deal with the losing trade. In this phase you deny to yourself and to others that your trading idea was wrong, and that the loss wasn’t your fault. Reasons like “I was stop hunted” and “I didn’t really care for that trade” are normally used. There’s noting wrong feeling this way, especially if you are new. It's a way to ease the blow to your ego, survive the loss, and move on.

<span style="text-decoration: underline;">STAGE 2: RATIONALIZATION</span>

After the denial stage, you move on to rationalizing your trade setup. This is the point in time where you point out everything that’s right about your trade idea and do not even think about what you did wrong. You cite the appropriateness of your trading plan, profit target, stop loss, and entry point but totally disregard that you actually did lose the trade and made a mistake somewhere.

<span style="text-decoration: underline;">STAGE 3: DEPRESSION</span>

At this point, you have already looked at the possible external reasons for your loss. You then turn inward and consider the idea that the loss was completely caused by your own doing.

Although it is reasonable to take responsibility for your loss, blaming yourself too much can be damaging to your Forex career if it leads to you consistently doubting yourself. You might ask yourself questions like “Is Forex trading really for me?” and “Why go on at all?” You could even wind up withdrawing yourself from the business altogether if you can’t find enough reasons to keep pushing forward.

Those who have experienced this kind of self-doubt can attest that the longer the losing streak is the more intense the feeling of depression. In some cases, you could even see yourself thinking of pursuing other business ventures out there and giving up Forex trading.

<span style="text-decoration: underline;">STAGE 4: ACCEPTANCE</span>

In this stage, you begin to realize that it is unhealthy to blame yourself for everything that went wrong. Even though you have accepted that the loss was partly your fault, you are also mindful of the fact that the Forex market is a wild untamed beast and that there are plenty of market factors beyond your control.

Let me clarify though that acceptance is not simply about feeling okay about the loss. In truth, acceptance is more about aligning yourself with reality and realizing that the loss cannot be undone.

When you reach this stage, you accept that you have made some mistakes on your part but that there are also things you are unable to control. Some even say that acceptance is a mix of rationalization and depression, as you combine the two before you are able to move on.

At the end of the day, it is important to remind yourself that you can never truly reverse what has been lost but you can make up for it. One obvious way to do this is to have a winning trade and recover financially, but you can work on rebounding mentally as well.

You can come up with improvements for your trading strategy, exercise better risk management, or just figure out how to handle you losses better. Instead of simply denying the loss, you have to move on, adapt and grow.

<strong> </strong>

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

<strong>RADAR TRADES:</strong>

RT204
EUR/USD
Short
Cost Average: 1.2450
Stop at: 1.2500
Limit at: 1.1860
Closing Price: 1.2452
Current Profit / Loss Position: -2 pips

RT205
GBP/USD
Short
Cost Average: 1.5870
Stop at: 1.5940
Limit at: 1.5200
Closing Price: 1.5865
Current Profit / Loss Position: +5 pips

RT206
AUD/USD
Short
Cost Average: 0.8640
Stop at: 0.8675
Limit at: 0.8000
Closing Price: 0.8634
Current Profit / Loss Position: +6 pips

RT207
NZD/USD
Short
Cost Average: 0.7760
Stop at: 0.7845
Limit at: 0.7000
Closing Price: 0.7750
Current Profit / Loss Position: +10 pips

&nbsp;

<strong>FLASH TRADES:</strong>

FT230
EUR/CHF
Long
Cost Average at: 1.2040
Stop at 1.1930
Limit at 1.2500
Closing Price: 1.2033
Current Profit / Loss Position: -7 pips

&nbsp;

<strong>FUNDAMENTAL TRADES:</strong>

FUN66
GBP/AUD
Long
Cost Average: 1.8520
Stop Loss at: 1.8150
Limit At 1.9200
Closing Price: 1.8378
Current Profit / Loss Position: -142 pips
<strong>(This trade is hedged from -100 pips)</strong>

&nbsp;

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

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

I am however stalling following Friday’s trading. After Non-Farm payrolls we saw some very strange moves in the Forex market. The volatility and swings from buyers in control to sellers in control was a little ridiculous at times.

I had placed 4 x RADAR TRADES with my brokers, all four triggered on a short squeeze on the USD index (DXY).

I want to make certain at the beginning of next week that the moves lower in particular with the AUD/USD and NZD/USD were not false breakdowns. We breached reversal levels in the short squeeze and although there was a pullback, I need confirmation that my limit order entries are going to hold, otherwise the trades will be covered and PLAN B will be put into play.

We are at a very key level with the DXY. The 29-year trend line is holding matters up and it will be frustrating for a few days until we see clear confirmation of whether the USD bears or bulls have won the day.

Patience is a virtue in these instances. As a result there are no charts to look at. I need to see how trading goes on Monday in the North American session before committing to a longer-term plan.

&nbsp;

<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>

AUD/JPY
CAD/JPY
USD/SEK
EUR/SEK

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

AUD/CAD
EUR/CAD
GBP/CAD
EUR/CHF
GBP/CHF

There are so few pairs listed this week, it tells me that we are at a crossroads once again.

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

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

<strong>EUR/USD: Closing Price 1.2452.</strong> A very volatile week saw the EUR/USD drop about 100 pips further from last week’s closing price. Draghi has sent his message loud and clear to the markets. It is now just a matter of time before circumstances will see him actively intervening in the bond market. As I wrote about in macro terms in Section 4, I was a little concerned with the price action at the end of last week. My support and resistance levels to sway me one way or the other are; 1.2363 and 1.2580

<strong>GBP/USD: Closing Price 1.5865</strong>. A very similar story to that of the EUR/USD, we saw a drop of over 100 pips in the cable this past week. I am still very bearish this pair and find it fascinating to watch the BOE back pedal like crazy over rate hikes. Carney delivers his Inflation report this week, when Mervyn King was the Governor of the BOE, the cable was good for a 50-pip drop just on King entering the room. Times have changed, however, I think that Carney will be delivering content in his speech from a high altitude where the air is thin trying to disguise the fact he screwed up earlier this year at London Lord Mayor’s Mansion House event. We may not get any clues on rate increases given the fact he is poor on supplying effective timings. I see big support at 1.5720 and resistance is good at 1.6040.

<strong>AUD/USD: Closing Price 0.8634</strong>. A nice 100-pip plus fall from last week’s closing price, however, I am not 100% certain of the direction of the Aussie moving forward. I feel bearish but I am not 100% convinced. I am concerned that we could be heading back towards 0.9000 to re-test before falling lower again. The support and resistance levels that I am looking closely at are 0.8540 and 0.8670.

<strong>NZD/USD: Closing Price 0.7750</strong>. A 200-pip fall from last weeks close, but I fear that we may have fallen too fast and my fear is that we are about to head back to 0.8000 before dropping lower again. This sets up a nice short but I was hoping that we would be set up on our way towards 0.7250 and then 0.7000. Patience is a virtue, I must write that about 5-10 times a week. Support to convince me we are going lower is at 0.7665 and resistance telling me that 0.8000 could be on the cards is at 0.7780.

<strong>USD/CAD: Closing Price 1.1329.</strong> Blow out employment data on Friday sent this pair spiraling lower back towards 1.1300. 1.1310 held as support and this is my support level moving forward. My resistance level is at 1.1400.

<strong>USD/CHF: Closing Price 0.9663</strong>. Not a whole lot going on with this pair. We broke above 0.9700 and this placed this pair in breakout territory. After NFP it could hold this level. Support is now at 0.9640 and resistance is at 0.9700.

<strong>USD/JPY: Closing Price 114.62. </strong>What a move. The BOJ have really placed a cat amongst the pigeons with the JPY. The question is where does it stop. My thoughts are as usual with JPY pairs in round numbers, therefore 120.00 springs to mind straightway. For now the immediate levels to interest me are support at 114.00 and resistance at 115.50.

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

SUNDAY: CNY – CPi.

MONDAY: AUD – NAB Business Confidence.

TUESDAY: NZD – RBNZ Financial Stability Report &amp; Governor Wheeler speaks.

WEDNESDAY: GBP – BOE Inflation report &amp; Governor Carney speaks.

THURSDAY: - N/A.

FRIDAY: USD – Retail Sales and Core Retail Sales.
<strong> </strong><strong> </strong>
<ol start="6">
	<li><span style="font-size: 14pt;"><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;
<ol start="7">
	<li><span style="font-size: 14pt;"><strong> FINAL THOUGHTS:</strong></span></li>
</ol>
There is not a huge amount of news about this coming week. There are however, market movers with what news events are on the horizon.

Governors Wheeler and Carney will move the markets with their reports on Tuesday and Wednesday. These are the two standouts for me.

As already written, we are at a crossroads once again, in my opinion. The reaction will be fascinating. Mentally, I am set up for USD strength to resume but I may have to place those thoughts and plans on hold for a few days first.

Fundamentally, nothing has changed. It is technicals that are holding matters up for the now.

More so than ever, it is now paramount that you do not 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.

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

Good luck this week and always manage your risk.

Scott Pickering
The Pip Accumulator
Saturday November 8th 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.