(4229,16,'2014-08-29 10:17:44','2014-08-29 15:17:44','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n<strong>BoC -</strong> The Bank of Canada. \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n<strong>BRL -</strong> The Brazilian Real.\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n<strong>GBP -</strong> The Great British Pound.\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n<strong>INR -</strong> The Indian Rupee.\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n<strong>ZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','publish','open','closed','','fx-glossary','','','2015-12-21 09:42:15','2015-12-21 14:42:15','',0,'https://weeklyfxdrivethru.com/?page_id=4229',0,'page','',0),(4233,16,'2014-08-29 10:21:23','2014-08-29 15:21:23','<section id=\"member\">\r\n•	Appreciation - A currency is said to appreciate when its price rises.\r\n\r\n•	Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n\r\n•	Ask (Offer) - Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n\r\n•	Asset Allocation - An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n\r\n•	Aussie (AUD) - The Australian Dollar.\r\n\r\n•	Balance of Trade - Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n\r\n•	Barrier/Option Barrier - A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n\r\n•	Base Currency - The currency in which the operating results of the bank or institution are reported.\r\n\r\n•	Basel III - The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n\r\n•	Basket - A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n\r\n•	Basis Point - 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n\r\n\r\n\r\n\r\n•	Bear/Bearish - An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n\r\n•	Bid - The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n\r\n•	Bid to Cover Ratio - A measure of demand for government debt that has been auctioned. \r\n\r\n•	BIS - The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n\r\n•	BoC - The Bank of Canada. \r\n                                                   \r\n•	BoE - The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n\r\n•	BoJ - The Bank of Japan.\r\n\r\n•	BRICS - An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n\r\n•	BRL - The Brazilian Real.\r\n\r\n•	Broker - An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n\r\n•	Buba - Shortened form of Bundesbank, the German central bank.\r\n\r\n•	Bull/Bullish - An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n\r\n•	Bund - The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n\r\n\r\n\r\n•	Cable - The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n\r\n•	CAC/CAC40 - The primary French stock exchange.\r\n\r\n•	CAD - The Canadian Dollar.\r\n\r\n•	Call - A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n\r\n•	Cash Market - Market place where financial instruments are traded and delivered for immediately delivery.\r\n\r\n•	CBOT - The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n\r\n•	Confederation of British Industry (CBI) - An influential lobbying organisation for UK business on national and international issues.\r\n\r\n•	Consumer Confidence - The degree of optimism that consumers feel about the overall state of the economy.\r\n\r\n•	Central Bank - The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n\r\n•	Clearer - Market term for a large bank, the term originates from those banks that clear cheques.\r\n\r\n•	CME - The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n\r\n•	Commodity - The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n\r\n•	Corporate - A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n•	Consumer Price Index (CPI) - A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n\r\n•	Contagion - When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n\r\n\r\n•	Coupon - The interest rate payable to the holder of a bond by the issuer. \r\n\r\n•	Crawling Peg - A type of currency peg which is adjusted periodically.\r\n\r\n•	Cross Rate - An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n\r\n•	Currency Risk - The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n\r\n•	Custodial Buyers - A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n•	DAX - The primary German stock index.\r\n \r\n•	Deflation - The rate at which prices for goods and services fall.\r\n\r\n•	Depreciation - A currency is said to depreciate when its price falls.\r\n\r\n•	Derivative - A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n\r\n•	DKK - Shorthand for the Danish Krona, the national currency of Denmark.\r\n\r\n•	Double-No-Touch (DNT) - A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n\r\n•	Dove/Dovish - Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n\r\n•	Dow Jones Industrial Average - A US stock index which includes the 30 largest blue-chip companies.\r\n\r\n•	Downtick - A decrease in prices.\r\n\r\n•	EUREX - A major global derivatives exchange.\r\n\r\n•	Euribor - The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n\r\n\r\n\r\n•	Euro (EUR) - The European single currency.\r\n\r\n•	European Central Bank (ECB) - The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n\r\n•	Eurogroup - The group of finance ministers that represent the EUR-member countries.\r\n\r\n•	European Financial Stability Fund (EFSF) - The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n\r\n•	European/American Style Option - A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n\r\n•	European Union (EU) - The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n\r\n•	EUROSTOXX 50 - A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n\r\n•	Eurozone - The group of countries that use the EUR.\r\n\r\n•	Exotic - A less broadly traded currency.\r\n\r\n•	Expiry Date - The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n•	Fade/Fading - A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n\r\n•	Fast Money - A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n \r\n•	Federal Deposit Insurance Corporation (FDIC) - An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n\r\n•	Federal Reserve (Fed) - The central bank of the United States of America.\r\n\r\n\r\n\r\n•	Fibonacci retracements - A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n\r\n•	Fiscal Policy - Government budgetary policy, especially within taxation and borrowing.\r\n\r\n•	Flat/Square - Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n\r\n•	Float - A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n\r\n•	FOMC - The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	Forward - An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n\r\n•	FTSE/FTSE 100 - The primary UK stock exchange.\r\n\r\n•	Fundamental Analysis - Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n•	G7 - A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n\r\n•	G20 - A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n\r\n•	GBP - The Great British Pound.\r\n\r\n•	Gilt - Market term for government bonds issued by the UK government.\r\n\r\n•	Government Bond - A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n\r\n\r\n\r\n•	Gross Domestic Product (GDP) - Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n•	Haircut - In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n\r\n•	Handle - A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n\r\n•	Hard Currency - A currency that investors have confidence in.\r\n\r\n•	Hedge - Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n\r\n•	Hedge Fund - A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n\r\n•	Hawk/Hawkish - Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n•	IFO (Information and Forschung) - An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n\r\n•	Illiquid Market - A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n\r\n•	Inflation - The rate at which prices for goods and services rise.\r\n\r\n•	Initial Public Offering (IPO) - The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n\r\n•	INR - The Indian Rupee.\r\n\r\n•	Institute of International Finance (IIF) - The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n\r\n\r\n•	Interbank Market - The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n\r\n•	International Monetary Fund (IMF) - An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n\r\n•	Intervention - A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n\r\n•	ISM (Institute for Supply Management) - An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n•	JGB’s - Japanese government bonds.\r\n\r\n•	JPY - The Japanese Yen.\r\n\r\n•	Kampo - The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n\r\n•	Kiwi (NZD) - The New Zealand Dollar.\r\n\r\n•	LIBOR - Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n\r\n•	LIFFE (London International Financial Futures Exchange) - An association composed of the three largest future exchanges in the UK.\r\n\r\n•	Limit Order - An order to transact at a specified price or better.\r\n\r\n•	Long - The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n\r\n•	Loonie - Market term for the CAD.\r\n\r\n•	LSE - The London Stock Exchange.\r\n\r\n\r\n\r\n•	Margin - The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n\r\n•	Margin Call - A demand for additional funds to cover positions.\r\n\r\n•	Market Marker - A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n\r\n•	Market Order - An order for immediate execution at the best available price.\r\n\r\n•	Maturity - Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n\r\n•	Models - Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n\r\n•	Monetary Policy - The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n\r\n•	Month End - Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n\r\n•	Moving Average - A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n\r\n•	MPC (Monetary Policy Committee) - The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	NASDAQ - An American stock index, which traditionally lists technology companies.\r\n\r\n•	Nikkei 225 - The primary Japanese index.\r\n\r\n•	NOK - Shorthand for the Norwegian Krone, the national currency of Norway.\r\n\r\n\r\n\r\n•	Nonfarm Payrolls - An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n\r\n•	NYSE - The New York Stock Exchange.\r\n\r\n•	Parity - When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n\r\n•	Peg - An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n\r\n•	People’s Bank of China (PBOC) - The Chinese central bank.\r\n\r\n•	Pip/Pips - The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n\r\n•	Profit Taking - The unwinding of a position to realise profits.\r\n\r\n•	PMI (Purchasing Manager’s Index) - An indicator of the economic health of the manufacturing/services sector within a country.\r\n\r\n•	Put - A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n•	Open Order - Buy or sell order that does not expire until cancelled.\r\n\r\n•	Operation Twist - A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n\r\n•	Option - A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n\r\n•	Quantitative Easing (QE) - A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n•	Range - The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n\r\n\r\n•	Rating Agency - Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n\r\n•	RBA - The Reserve Bank of Australia.\r\n\r\n•	Real Money - A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n\r\n•	Recession - A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n\r\n•	Repo - Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n\r\n•	Reserve Currency - A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n\r\n•	Resistance - Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n\r\n•	RUB - The Russian Ruble.\r\n\r\n•	S&P 500 - A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n\r\n•	Scalping/Scalper - A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n\r\n•	SEK - Shorthand for the Swedish Krona, the national currency of Sweden.\r\n\r\n•	Semi-Official name - Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n\r\n•	Short - The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n\r\n•	Short Covering/Short Squeeze - The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n\r\n\r\n\r\n\r\n•	SNB - The Swiss National Bank.\r\n\r\n•	Sovereign Rating - A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n\r\n•	Sovereign Wealth Fund - A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n\r\n•	Spot - The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n\r\n•	Spread - The difference between the bid and ask price of a currency.\r\n\r\n•	Stagflation - A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n\r\n•	STIRS - Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n\r\n•	Stop’s/Stop-loss - An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n \r\n•	Stop Order - An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n\r\n•	Straddle - Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Swissy (CHF) The Swiss Franc.\r\n\r\n•	Systematically Important Financial Institution (SIFI) - A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n•	T-Bill - Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n\r\n•	Tightening - When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n\r\n•	Toshin - Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n\r\n•	TSLF (Term Securities Lending Facility) - A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n\r\n\r\n\r\n\r\n\r\n•	TARP (Troubled Asset Relief Program) - A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n\r\n•	TALF (Term Asset-Backed Securities Loan Facility) - A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n\r\n•	Technical Analysis - A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n\r\n•	Trading Pit/Floor - The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n\r\n•	Troika - An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n\r\n•	TRL - The Turkish Lira.\r\n\r\n•	Unconvertible Currency - A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n\r\n•	Uptick - Opposite of down-tick, an increase in prices.\r\n\r\n•	USD - The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n•	Vanilla - Typically used to describe the simplest type of option. Opposite of exotic.\r\n\r\n•	Volatility - A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n\r\n•	Volatility Index (VIX) - An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n•	Yard - A common term for milliard, which denotes one thousand million.\r\n\r\n•	Yield - The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n\r\n\r\n\r\n•	Yield Curve - A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n\r\n•	Yuan (CNY) - The Chinese Yuan.\r\n\r\n•	Whipsaw - Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n\r\n•	Whisper Number - Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n•	ZEW (Centre for European Economic Research) - An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:21:23','2014-08-29 15:21:23','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4234,16,'2014-08-29 10:22:25','2014-08-29 15:22:25','<section class=\"members\">\r\n•	Appreciation - A currency is said to appreciate when its price rises.\r\n\r\n•	Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n\r\n•	Ask (Offer) - Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n\r\n•	Asset Allocation - An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n\r\n•	Aussie (AUD) - The Australian Dollar.\r\n\r\n•	Balance of Trade - Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n\r\n•	Barrier/Option Barrier - A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n\r\n•	Base Currency - The currency in which the operating results of the bank or institution are reported.\r\n\r\n•	Basel III - The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n\r\n•	Basket - A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n\r\n•	Basis Point - 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n\r\n\r\n\r\n\r\n•	Bear/Bearish - An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n\r\n•	Bid - The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n\r\n•	Bid to Cover Ratio - A measure of demand for government debt that has been auctioned. \r\n\r\n•	BIS - The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n\r\n•	BoC - The Bank of Canada. \r\n                                                   \r\n•	BoE - The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n\r\n•	BoJ - The Bank of Japan.\r\n\r\n•	BRICS - An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n\r\n•	BRL - The Brazilian Real.\r\n\r\n•	Broker - An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n\r\n•	Buba - Shortened form of Bundesbank, the German central bank.\r\n\r\n•	Bull/Bullish - An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n\r\n•	Bund - The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n\r\n\r\n\r\n•	Cable - The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n\r\n•	CAC/CAC40 - The primary French stock exchange.\r\n\r\n•	CAD - The Canadian Dollar.\r\n\r\n•	Call - A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n\r\n•	Cash Market - Market place where financial instruments are traded and delivered for immediately delivery.\r\n\r\n•	CBOT - The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n\r\n•	Confederation of British Industry (CBI) - An influential lobbying organisation for UK business on national and international issues.\r\n\r\n•	Consumer Confidence - The degree of optimism that consumers feel about the overall state of the economy.\r\n\r\n•	Central Bank - The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n\r\n•	Clearer - Market term for a large bank, the term originates from those banks that clear cheques.\r\n\r\n•	CME - The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n\r\n•	Commodity - The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n\r\n•	Corporate - A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n•	Consumer Price Index (CPI) - A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n\r\n•	Contagion - When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n\r\n\r\n•	Coupon - The interest rate payable to the holder of a bond by the issuer. \r\n\r\n•	Crawling Peg - A type of currency peg which is adjusted periodically.\r\n\r\n•	Cross Rate - An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n\r\n•	Currency Risk - The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n\r\n•	Custodial Buyers - A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n•	DAX - The primary German stock index.\r\n \r\n•	Deflation - The rate at which prices for goods and services fall.\r\n\r\n•	Depreciation - A currency is said to depreciate when its price falls.\r\n\r\n•	Derivative - A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n\r\n•	DKK - Shorthand for the Danish Krona, the national currency of Denmark.\r\n\r\n•	Double-No-Touch (DNT) - A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n\r\n•	Dove/Dovish - Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n\r\n•	Dow Jones Industrial Average - A US stock index which includes the 30 largest blue-chip companies.\r\n\r\n•	Downtick - A decrease in prices.\r\n\r\n•	EUREX - A major global derivatives exchange.\r\n\r\n•	Euribor - The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n\r\n\r\n\r\n•	Euro (EUR) - The European single currency.\r\n\r\n•	European Central Bank (ECB) - The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n\r\n•	Eurogroup - The group of finance ministers that represent the EUR-member countries.\r\n\r\n•	European Financial Stability Fund (EFSF) - The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n\r\n•	European/American Style Option - A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n\r\n•	European Union (EU) - The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n\r\n•	EUROSTOXX 50 - A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n\r\n•	Eurozone - The group of countries that use the EUR.\r\n\r\n•	Exotic - A less broadly traded currency.\r\n\r\n•	Expiry Date - The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n•	Fade/Fading - A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n\r\n•	Fast Money - A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n \r\n•	Federal Deposit Insurance Corporation (FDIC) - An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n\r\n•	Federal Reserve (Fed) - The central bank of the United States of America.\r\n\r\n\r\n\r\n•	Fibonacci retracements - A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n\r\n•	Fiscal Policy - Government budgetary policy, especially within taxation and borrowing.\r\n\r\n•	Flat/Square - Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n\r\n•	Float - A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n\r\n•	FOMC - The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	Forward - An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n\r\n•	FTSE/FTSE 100 - The primary UK stock exchange.\r\n\r\n•	Fundamental Analysis - Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n•	G7 - A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n\r\n•	G20 - A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n\r\n•	GBP - The Great British Pound.\r\n\r\n•	Gilt - Market term for government bonds issued by the UK government.\r\n\r\n•	Government Bond - A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n\r\n\r\n\r\n•	Gross Domestic Product (GDP) - Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n•	Haircut - In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n\r\n•	Handle - A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n\r\n•	Hard Currency - A currency that investors have confidence in.\r\n\r\n•	Hedge - Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n\r\n•	Hedge Fund - A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n\r\n•	Hawk/Hawkish - Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n•	IFO (Information and Forschung) - An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n\r\n•	Illiquid Market - A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n\r\n•	Inflation - The rate at which prices for goods and services rise.\r\n\r\n•	Initial Public Offering (IPO) - The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n\r\n•	INR - The Indian Rupee.\r\n\r\n•	Institute of International Finance (IIF) - The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n\r\n\r\n•	Interbank Market - The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n\r\n•	International Monetary Fund (IMF) - An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n\r\n•	Intervention - A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n\r\n•	ISM (Institute for Supply Management) - An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n•	JGB’s - Japanese government bonds.\r\n\r\n•	JPY - The Japanese Yen.\r\n\r\n•	Kampo - The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n\r\n•	Kiwi (NZD) - The New Zealand Dollar.\r\n\r\n•	LIBOR - Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n\r\n•	LIFFE (London International Financial Futures Exchange) - An association composed of the three largest future exchanges in the UK.\r\n\r\n•	Limit Order - An order to transact at a specified price or better.\r\n\r\n•	Long - The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n\r\n•	Loonie - Market term for the CAD.\r\n\r\n•	LSE - The London Stock Exchange.\r\n\r\n\r\n\r\n•	Margin - The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n\r\n•	Margin Call - A demand for additional funds to cover positions.\r\n\r\n•	Market Marker - A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n\r\n•	Market Order - An order for immediate execution at the best available price.\r\n\r\n•	Maturity - Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n\r\n•	Models - Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n\r\n•	Monetary Policy - The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n\r\n•	Month End - Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n\r\n•	Moving Average - A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n\r\n•	MPC (Monetary Policy Committee) - The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	NASDAQ - An American stock index, which traditionally lists technology companies.\r\n\r\n•	Nikkei 225 - The primary Japanese index.\r\n\r\n•	NOK - Shorthand for the Norwegian Krone, the national currency of Norway.\r\n\r\n\r\n\r\n•	Nonfarm Payrolls - An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n\r\n•	NYSE - The New York Stock Exchange.\r\n\r\n•	Parity - When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n\r\n•	Peg - An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n\r\n•	People’s Bank of China (PBOC) - The Chinese central bank.\r\n\r\n•	Pip/Pips - The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n\r\n•	Profit Taking - The unwinding of a position to realise profits.\r\n\r\n•	PMI (Purchasing Manager’s Index) - An indicator of the economic health of the manufacturing/services sector within a country.\r\n\r\n•	Put - A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n•	Open Order - Buy or sell order that does not expire until cancelled.\r\n\r\n•	Operation Twist - A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n\r\n•	Option - A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n\r\n•	Quantitative Easing (QE) - A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n•	Range - The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n\r\n\r\n•	Rating Agency - Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n\r\n•	RBA - The Reserve Bank of Australia.\r\n\r\n•	Real Money - A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n\r\n•	Recession - A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n\r\n•	Repo - Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n\r\n•	Reserve Currency - A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n\r\n•	Resistance - Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n\r\n•	RUB - The Russian Ruble.\r\n\r\n•	S&P 500 - A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n\r\n•	Scalping/Scalper - A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n\r\n•	SEK - Shorthand for the Swedish Krona, the national currency of Sweden.\r\n\r\n•	Semi-Official name - Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n\r\n•	Short - The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n\r\n•	Short Covering/Short Squeeze - The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n\r\n\r\n\r\n\r\n•	SNB - The Swiss National Bank.\r\n\r\n•	Sovereign Rating - A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n\r\n•	Sovereign Wealth Fund - A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n\r\n•	Spot - The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n\r\n•	Spread - The difference between the bid and ask price of a currency.\r\n\r\n•	Stagflation - A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n\r\n•	STIRS - Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n\r\n•	Stop’s/Stop-loss - An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n \r\n•	Stop Order - An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n\r\n•	Straddle - Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Swissy (CHF) The Swiss Franc.\r\n\r\n•	Systematically Important Financial Institution (SIFI) - A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n•	T-Bill - Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n\r\n•	Tightening - When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n\r\n•	Toshin - Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n\r\n•	TSLF (Term Securities Lending Facility) - A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n\r\n\r\n\r\n\r\n\r\n•	TARP (Troubled Asset Relief Program) - A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n\r\n•	TALF (Term Asset-Backed Securities Loan Facility) - A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n\r\n•	Technical Analysis - A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n\r\n•	Trading Pit/Floor - The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n\r\n•	Troika - An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n\r\n•	TRL - The Turkish Lira.\r\n\r\n•	Unconvertible Currency - A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n\r\n•	Uptick - Opposite of down-tick, an increase in prices.\r\n\r\n•	USD - The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n•	Vanilla - Typically used to describe the simplest type of option. Opposite of exotic.\r\n\r\n•	Volatility - A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n\r\n•	Volatility Index (VIX) - An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n•	Yard - A common term for milliard, which denotes one thousand million.\r\n\r\n•	Yield - The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n\r\n\r\n\r\n•	Yield Curve - A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n\r\n•	Yuan (CNY) - The Chinese Yuan.\r\n\r\n•	Whipsaw - Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n\r\n•	Whisper Number - Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n•	ZEW (Centre for European Economic Research) - An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:22:25','2014-08-29 15:22:25','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4235,16,'2014-08-29 10:23:57','2014-08-29 15:23:57',' ','','','publish','open','closed','','4235','','','2017-12-13 13:38:49','2017-12-13 18:38:49','',0,'https://weeklyfxdrivethru.com/?p=4235',21,'nav_menu_item','',0),(4236,16,'2014-08-29 10:40:43','2014-08-29 15:40:43','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n\r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n\r\n\r\n\r\n\r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n\r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n\r\n<strong>BoC -</strong> The Bank of Canada. \r\n                                                   \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n\r\n<strong>BRL -</strong> The Brazilian Real.\r\n\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n\r\n\r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n<strong>Consumer Price Index (CPI) -</strong> A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n\r\n\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n\r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n \r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n\r\n\r\n\r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n\r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n \r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n\r\n\r\n\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n\r\n<strong>GBP -</strong> The Great British Pound.\r\n\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n\r\n<strong>INR -</strong> The Indian Rupee.\r\n\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n\r\n\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n\r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n\r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n\r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n\r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n\r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n\r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n\r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n\r\n\r\n\r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n\r\n<strong>\r\nZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:40:43','2014-08-29 15:40:43','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4237,16,'2014-08-29 10:49:16','2014-08-29 15:49:16','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n<strong>BoC -</strong> The Bank of Canada. \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n<strong>BRL -</strong> The Brazilian Real.\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n<strong>Consumer Price Index (CPI) -</strong> A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n<strong>GBP -</strong> The Great British Pound.\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n<strong>INR -</strong> The Indian Rupee.\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n<strong>ZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:49:16','2014-08-29 15:49:16','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4238,16,'2014-08-29 11:20:58','2014-08-29 16:20:58','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n<strong>BoC -</strong> The Bank of Canada. \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n<strong>BRL -</strong> The Brazilian Real.\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n<strong>GBP -</strong> The Great British Pound.\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n<strong>INR -</strong> The Indian Rupee.\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n<strong>ZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 11:20:58','2014-08-29 16:20:58','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4239,16,'2014-08-29 11:26:00','2014-08-29 16:26:00','&nbsp;\r\n\r\n<span style=\"font-size: 16pt;\"><strong>AN INTRODUCTION TO THE PREMIUM SERVICE - WEBINAR:</strong></span>\r\n<p style=\"text-align: left;\">Clicking the link below will take you to my webinar presentation, which tells you all about how the PREMIUM SERVICE evolved and what it can do for you as a subscriber.</p>\r\n<a href=\"http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX\">http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX</a>\r\n\r\n<strong>\r\n<span style=\"font-size: 16pt;\">PRESENTATIONS and SEMINARS:</span></strong>\r\n\r\nNothing scheduled. When plans are being formulated details will appear here.\r\n\r\n<strong>\r\n<span style=\"font-size: 16pt;\">LIVE WEBINARS:</span></strong>\r\n\r\nThese have been shelved for the timebeing.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n31st January 2018','UPCOMING LIVE EVENTS (WEBINARS / PRESENTATIONS and SEMINARS)','','publish','open','closed','','upcoming-live-events-seminars-training','','','2018-01-31 18:47:41','2018-01-31 23:47:41','',0,'https://weeklyfxdrivethru.com/?page_id=4239',0,'page','',0),(9969,1,'2017-09-04 09:26:23','2017-09-04 14:26:23','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/PS-NET-PROFITABILITY-TO-AUG2017.png\"><img class=\"aligncenter size-large wp-image-9939\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/PS-NET-PROFITABILITY-TO-AUG2017-969x1024.png\" alt=\"\" width=\"969\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/RISK-POSITION-SIZING-01092017.png\"><img class=\"aligncenter size-large wp-image-9909\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/RISK-POSITION-SIZING-01092017-964x1024.png\" alt=\"\" width=\"964\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/SUBSCRIPTION-CHANGES-FALL2017.png\"><img class=\"aligncenter size-large wp-image-9907\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/SUBSCRIPTION-CHANGES-FALL2017-799x1024.png\" alt=\"\" width=\"799\" height=\"1024\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/PS-PROFITS-TO-31072017.png\"><img class=\"aligncenter size-large wp-image-9856\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/08/PS-PROFITS-TO-31072017-960x1024.png\" alt=\"\" width=\"960\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/04/TRADING-SCHEDULE-HOLIDAYS-2017.png\"><img class=\"aligncenter size-large wp-image-9413\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/04/TRADING-SCHEDULE-HOLIDAYS-2017-1024x946.png\" alt=\"\" width=\"1024\" height=\"946\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/BLOG-DATES-2017.png\"><img class=\"aligncenter size-large wp-image-9285\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/BLOG-DATES-2017-641x1024.png\" alt=\"\" width=\"641\" height=\"1024\" /></a>\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','','inherit','closed','closed','','8921-revision-v1','','','2017-09-04 09:26:23','2017-09-04 14:26:23','',8921,'https://weeklyfxdrivethru.com/8921-revision-v1/',0,'revision','',0),(4241,16,'2014-08-29 11:30:14','2014-08-29 16:30:14','','INTRO TO FX AD - PREMIUM SERVICE PRESENTATIONS 092014','','inherit','open','closed','','intro-to-fx-ad-premium-service-presentations-092014','','','2014-08-29 11:30:14','2014-08-29 16:30:14','',4239,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/INTRO-TO-FX-AD-PREMIUM-SERVICE-PRESENTATIONS-092014-.pdf',0,'attachment','application/pdf',0),(4243,16,'2014-08-29 11:31:43','2014-08-29 16:31:43','','LIVE EVENTS','','publish','open','closed','','4243','','','2017-12-13 12:32:12','2017-12-13 17:32:12','',0,'https://weeklyfxdrivethru.com/?p=4243',5,'nav_menu_item','',0),(4300,1,'2014-09-06 11:47:18','2014-09-06 16:47:18','','TIPS ON GETTING BACK INTO TRADING AFTER A BREAK','','inherit','open','closed','','tips-on-getting-back-into-trading-after-a-break','','','2014-09-06 11:51:27','2014-09-06 16:51:27','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf',0,'attachment','application/pdf',0),(4338,1,'2014-09-12 16:53:19','2014-09-12 21:53:19','','TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY','','inherit','open','closed','','trading-mistakes-that-may-be-limiting-your-profitability','','','2014-09-12 17:29:02','2014-09-12 22:29:02','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf',0,'attachment','application/pdf',0),(4366,1,'2014-09-18 21:14:33','2014-09-19 02:14:33','','Premium Service Posts (Daily & Weekly)','','inherit','open','closed','','2259-revision-v1','','','2014-09-18 21:14:33','2014-09-19 02:14:33','',2259,'https://weeklyfxdrivethru.com/2259-revision-v1/',0,'revision','',0),(4383,1,'2014-09-20 12:56:04','2014-09-20 17:56:04','','TRADING OUTSIDE OF YOUR COMFORT ZONE','','inherit','open','closed','','trading-outside-of-your-comfort-zone','','','2014-09-20 13:46:49','2014-09-20 18:46:49','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf',0,'attachment','application/pdf',0),(10505,1,'2017-12-03 06:32:53','2017-12-03 11:32:53','','PREM SERV BIG LOGO','','inherit','open','closed','','prem-serv-big-logo','','','2017-12-14 12:09:42','2017-12-14 17:09:42','',10544,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PREM-SERV-BIG-LOGO.png',0,'attachment','image/png',0),(10506,1,'2017-12-03 06:32:58','2017-12-03 11:32:58','','PREM SERV LITTLE LOGO','','inherit','open','closed','','prem-serv-little-logo','','','2017-12-03 06:32:58','2017-12-03 11:32:58','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PREM-SERV-LITTLE-LOGO.png',0,'attachment','image/png',0),(4493,1,'2014-10-04 13:04:47','2014-10-04 18:04:47','','DON\'T GIVE UP ON YOUR TRADE PLAN','','inherit','open','closed','','dont-give-up-on-your-trade-plan','','','2014-10-04 14:30:51','2014-10-04 19:30:51','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf',0,'attachment','application/pdf',0),(4546,1,'2014-10-11 08:56:41','2014-10-11 13:56:41','','HOW TO ADJUST TO CHANGING TRADING CONDITIONS','','inherit','open','closed','','how-to-adjust-to-changing-trading-conditions','','','2014-10-11 09:05:25','2014-10-11 14:05:25','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf',0,'attachment','application/pdf',0),(4556,1,'2014-10-11 13:27:02','2014-10-11 18:27:02','Chat Room in development.\n\nI will survey subscribers again soon to see if there is greater interest in this facility.\n\nEarly 2014, my initial surfer was','Chat Room','','inherit','open','closed','','2290-autosave-v1','','','2014-10-11 13:27:02','2014-10-11 18:27:02','',2290,'https://weeklyfxdrivethru.com/2290-autosave-v1/',0,'revision','',0),(4557,1,'2014-10-11 13:27:55','2014-10-11 18:27:55','Chat Room in development.\r\n\r\nI will survey subscribers again soon to see if there is greater interest in this facility.\r\n\r\nEarly 2014, my initial survey was not met with enthusiasm from the then subscribers... so it remains as is.\r\n\r\nScott','Chat Room','','inherit','open','closed','','2290-revision-v1','','','2014-10-11 13:27:55','2014-10-11 18:27:55','',2290,'https://weeklyfxdrivethru.com/2290-revision-v1/',0,'revision','',0),(4558,1,'2014-10-11 13:44:58','2014-10-11 18:44:58','<span style=\"text-decoration: underline;\">UPDATE:</span>\n\nThe original series of seminars / presentations on trading Forex in Montreal during mid September 2014, were not as well attended as I had hoped for and as such I will not be repeating these in Quebec.\n\nLooking forward, I am looking at possible dates at the end of this year in Toronto, and early 2015 in Calgary, Edmonton and Vancouver.\n\nLater on in 2015, I will be looking at possible dates in Edinburgh, York, Manchester, Birmingham, Bath, Bournemouth, Swindon and London in the UK and possibly some dates in Dublin, Ireland.\n\nAs soon as I have dates or more firm proposal','Dates of upcoming Webinars','','inherit','open','closed','','2560-autosave-v1','','','2014-10-11 13:44:58','2014-10-11 18:44:58','',2560,'https://weeklyfxdrivethru.com/2560-autosave-v1/',0,'revision','',0),(4559,1,'2014-10-11 13:35:44','2014-10-11 18:35:44','&nbsp;\r\n\r\nI surveyed subscribers in early 2014 regarding this feature. At that time there were not enough \"YES\" votes for webinars.\r\n<p style=\"text-align: left;\">The original intention was for a monthly webinar on how I can improve communication and facilities inside the PREMIUM SERVICE. In addition, there was little interest from subscribers to have a monthly webinar to look at specific areas of trading. The original suggestion included webinars on the following subjects: -</p>\r\n<p style=\"text-align: center;\"><strong>RISK MANAGEMENT</strong>\r\n<strong> RISK TOLERANCE</strong>\r\n<strong>POSITION SIZING</strong>\r\n<strong>TRADING PLANS</strong></p>\r\nThere were not enough \"YES\" votes for a group webinar at that time and I assisted individual trader\'s issues shortly after via email and SKYPE.\r\n\r\nI am happy to look at this subject again in early 2015 but I need attendee numbers to make it worthwhile.\r\n\r\nScott','Dates of upcoming Webinars','','inherit','open','closed','','2560-revision-v1','','','2014-10-11 13:35:44','2014-10-11 18:35:44','',2560,'https://weeklyfxdrivethru.com/2560-revision-v1/',0,'revision','',0),(4560,1,'2014-10-11 13:45:56','2014-10-11 18:45:56','<span style=\"text-decoration: underline;\">UPDATE:</span>\r\n\r\nThe original series of seminars / presentations on trading Forex in Montreal during mid September 2014, were not as well attended as I had hoped for and as such I will not be repeating these in Quebec.\r\n\r\nLooking forward, I am looking at possible dates at the end of this year in Toronto, and early 2015 in Calgary, Edmonton and Vancouver.\r\n\r\nLater on in 2015, I will be looking at possible dates in Edinburgh, York, Manchester, Birmingham, Bath, Bournemouth, Swindon and London in the UK and possibly some dates in Dublin, Ireland.\r\n\r\nAs soon as I have dates or more firm proposals I will mention this in the \"BLOG\" and also here.\r\n\r\nScott.','Dates of upcoming Webinars','','inherit','open','closed','','2560-revision-v1','','','2014-10-11 13:45:56','2014-10-11 18:45:56','',2560,'https://weeklyfxdrivethru.com/2560-revision-v1/',0,'revision','',0),(4563,1,'2014-10-11 14:46:00','2014-10-11 19:46:00','','Dates of upcoming Webinars','','inherit','open','closed','','2560-revision-v1','','','2014-10-11 14:46:00','2014-10-11 19:46:00','',2560,'https://weeklyfxdrivethru.com/2560-revision-v1/',0,'revision','',0),(4592,1,'2014-10-18 14:46:53','2014-10-18 19:46:53','','HOW TO HANDLE YOUR FOREX TRADING WORRIES','','inherit','open','closed','','how-to-handle-your-forex-trading-worries','','','2014-10-18 14:54:36','2014-10-18 19:54:36','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf',0,'attachment','application/pdf',0),(4628,1,'2014-10-24 14:41:43','2014-10-24 19:41:43','','IDEAS TO BATTLE UNCERTAINTY IN FOREX TRADING','','inherit','open','closed','','ideas-to-battle-uncertainty-in-forex-trading','','','2014-10-24 14:41:43','2014-10-24 19:41:43','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/IDEAS-TO-BATTLE-UNCERTAINTY-IN-FOREX-TRADING.pdf',0,'attachment','application/pdf',0),(4685,1,'2014-11-01 13:22:47','2014-11-01 18:22:47','','3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS','','inherit','open','closed','','3-ways-to-enhance-your-forex-trading-skills','','','2014-11-01 13:23:39','2014-11-01 18:23:39','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf',0,'attachment','application/pdf',0),(4703,1,'2014-11-07 10:13:21','2014-11-07 15:13:21','<h3>EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"one-half\">\r\n<div class=\"btn\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</div>','TRADING COMPUTERS','','inherit','open','closed','','4198-revision-v1','','','2014-11-07 10:13:21','2014-11-07 15:13:21','',4198,'https://weeklyfxdrivethru.com/4198-revision-v1/',0,'revision','',0),(4727,1,'2014-11-08 13:40:57','2014-11-08 18:40:57','','THE STAGES OF LOSS IN FOREX','','inherit','open','closed','','the-stages-of-loss-in-forex-2','','','2014-11-08 13:42:45','2014-11-08 18:42:45','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf',0,'attachment','application/pdf',0),(4770,1,'2014-11-15 12:27:46','2014-11-15 17:27:46','','ARE YOU A GREEDY FOREX TRADER_','','inherit','open','closed','','are-you-a-greedy-forex-trader_','','','2014-11-15 12:37:51','2014-11-15 17:37:51','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf',0,'attachment','application/pdf',0),(4776,1,'2014-11-26 20:26:25','2014-11-27 01:26:25','<section class=\"members\"><span style=\"text-decoration: underline;\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Essentials</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></span></section>','Education','','inherit','open','closed','','2267-autosave-v1','','','2014-11-26 20:26:25','2014-11-27 01:26:25','',2267,'https://weeklyfxdrivethru.com/2267-autosave-v1/',0,'revision','',0),(4813,1,'2014-11-22 13:22:56','2014-11-22 18:22:56','','SEVERAL WAYS TO OVERCOME TRADING BURNOUT','','inherit','open','closed','','several-ways-to-overcome-trading-burnout','','','2014-11-22 13:26:50','2014-11-22 18:26:50','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf',0,'attachment','application/pdf',0),(4832,1,'2014-11-26 20:26:30','2014-11-27 01:26:30','<section class=\"members\"><span style=\"text-decoration: underline;\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Essentials</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></span></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2014-11-26 20:26:30','2014-11-27 01:26:30','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4862,1,'2014-11-29 13:34:43','2014-11-29 18:34:43','','HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FX TRADING','','inherit','open','closed','','how-your-physical-well-being-affects-your-fx-trading','','','2014-11-29 13:55:11','2014-11-29 18:55:11','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/HOW-YOUR-PHYSICAL-WELL-BEING-AFFECTS-YOUR-FX-TRADING.pdf',0,'attachment','application/pdf',0),(4880,1,'2014-12-03 00:52:07','2014-12-03 05:52:07','<h2>EARN THE EQUIVALENT OF US$150.00 PER REFERRAL</h2>\r\nMany existing subscribers have written to me telling me that they have mentioned the PREMIUM SERVICE and the added value that it offers, when speaking to their circles of friends or fellow traders.\r\n\r\nI have of course been extremely grateful for these comments and actions.\r\n\r\nI wanted to come through with an incentive to reward those subscribers who refer the PREMIUM SERVICE as it is much appreciated; therefore I have decided to introduce a PREMIUM SERVICE REFERRAL PROGRAMME\r\n<h4>How does it work?</h4>\r\nEvery time an existing subscriber introduces a friend, colleague or fellow trader to the PREMIUM SERVICE I will add an additional 10 weeks to the referring subscribers membership period. This is the equivalent of a $150.00 value.\r\n\r\nThere are no limits to the numbers of those that can be introduced.\r\n<h4>How to claim your subscription extension</h4>\r\n<div class=\"kicker-three\">Write to me at\r\n<div class=\"btn\"><a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a></div>\r\nprovide me with your details and the name(s) and email address(s) of the person or persons that you have you have introduced.\r\n\r\n</div>\r\nVery simple…very straightforward….very easy.\r\n\r\nI will write back to you and confirm your revised subscription expiry date.\r\n\r\nScott Pickering\r\nThe Pip Accumulator','PREMIUM SERVICE REFERRAL PROGRAMME','','inherit','open','closed','','4193-revision-v1','','','2014-12-03 00:52:07','2014-12-03 05:52:07','',4193,'https://weeklyfxdrivethru.com/4193-revision-v1/',0,'revision','',0),(4901,1,'2014-12-06 11:43:42','2014-12-06 16:43:42','','5 OF THE WORST EXCUSES TO NOT START TRADING','','inherit','open','closed','','5-of-the-worst-excuses-to-not-start-trading','','','2014-12-06 12:11:32','2014-12-06 17:11:32','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/5-OF-THE-WORST-EXCUSES-TO-NOT-START-TRADING.pdf',0,'attachment','application/pdf',0),(4902,1,'2014-12-06 11:43:52','2014-12-06 16:43:52','','MY APPROACH ON POSITION SIZING','','inherit','open','closed','','my-approach-on-position-sizing','','','2014-12-06 12:11:41','2014-12-06 17:11:41','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/MY-APPROACH-ON-POSITION-SIZING.pdf',0,'attachment','application/pdf',0),(4984,16,'2015-01-05 09:42:30','2015-01-05 14:42:30','<pre></pre>\r\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt;\"><span style=\"font-family: arial, helvetica, sans-serif;\">Hello,</span></span></p>\r\nFrom time to time I will offer PROMOTIONS to join the PREMIUM SERVICE.\r\n\r\nAt the present time there are no special subscriber promotions in place.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n31st January 2018.\r\n<h4></h4>','Promotions','','publish','open','closed','','promotions','','','2018-01-31 18:46:20','2018-01-31 23:46:20','',0,'https://weeklyfxdrivethru.com/?page_id=4984',0,'page','',0),(4990,16,'2015-01-05 10:08:48','2015-01-05 15:08:48','','PROMOTIONS','','publish','open','closed','','4990','','','2017-12-13 12:32:12','2017-12-13 17:32:12','',0,'https://weeklyfxdrivethru.com/?p=4990',6,'nav_menu_item','',0),(9304,1,'2017-03-25 08:33:29','2017-03-25 13:33:29','','NZDUSD D 26032017','','inherit','open','closed','','nzdusd-d-26032017','','','2017-03-25 09:15:59','2017-03-25 14:15:59','',9311,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/NZDUSD-D-26032017.png',0,'attachment','image/png',0),(9305,1,'2017-03-25 08:33:40','2017-03-25 13:33:40','','UDSDJPY D 26032017','','inherit','open','closed','','udsdjpy-d-26032017','','','2017-03-25 09:16:08','2017-03-25 14:16:08','',9311,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/UDSDJPY-D-26032017.png',0,'attachment','image/png',0),(9306,1,'2017-03-25 08:33:50','2017-03-25 13:33:50','','USDCAD D 26032017','','inherit','open','closed','','usdcad-d-26032017','','','2017-03-25 09:16:21','2017-03-25 14:16:21','',9311,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/USDCAD-D-26032017.png',0,'attachment','image/png',0),(9307,1,'2017-03-25 08:34:01','2017-03-25 13:34:01','','USDCHF D 26032017','','inherit','open','closed','','usdchf-d-26032017','','','2017-03-25 09:16:33','2017-03-25 14:16:33','',9311,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/USDCHF-D-26032017.png',0,'attachment','image/png',0),(5000,16,'2015-01-05 11:20:16','2015-01-05 16:20:16','<h4>Total Trades Profit Summaries Archives:</h4>\r\n<section class=\"clearfix\">\r\n<div class=\"one-half first\">\r\n<h2>This Month<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11060\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018-798x1024.png\" alt=\"\" width=\"798\" 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11061\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018-838x1024.png\" alt=\"\" width=\"838\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n<h2>PREVIOUS YEARS</h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-NET-PROFITS-2017-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-10723\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-NET-PROFITS-2017-COMPLETE-972x1024.png\" alt=\"\" width=\"972\" height=\"1024\" /></a></h2>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/02/PS-PROFITS-2016.png\"><img class=\"size-large wp-image-9216 aligncenter\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/02/PS-PROFITS-2016-946x1024.png\" alt=\"\" width=\"946\" height=\"1024\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERVICE-COMPLETE-2015.png\"><img class=\"size-large wp-image-8804 aligncenter\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PREM-SERVICE-COMPLETE-2015-1024x1011.png\" alt=\"\" width=\"1024\" height=\"1011\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/02/PREM-PROFITS-2014.png\"><img class=\"aligncenter size-large wp-image-9214\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/02/PREM-PROFITS-2014-1024x1022.png\" alt=\"\" width=\"1024\" height=\"1022\" /></a>\r\n\r\n</div>\r\n</section>','Total Trades Profit Summaries','','publish','open','closed','','combined-trades-profit','','','2018-02-28 16:10:18','2018-02-28 21:10:18','',0,'https://weeklyfxdrivethru.com/?page_id=5000',0,'page','',0),(5002,16,'2015-01-05 11:23:15','2015-01-05 16:23:15','<h4>Monthly and Annual Consolidated Performance Analysis :</h4>\r\n<section class=\"clearfix\">\r\n<div class=\"one-half first\">\r\n<h2>This Year<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11049\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018-914x1024.png\" alt=\"\" width=\"914\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/PL-RATIOS-JAN2018.png\"><img class=\"aligncenter size-large wp-image-10906\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/PL-RATIOS-JAN2018-910x1024.png\" alt=\"\" width=\"910\" 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</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS</h2>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/DECEMBER-CONS.-2017.png\"><img class=\"size-large wp-image-10715 alignnone\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/DECEMBER-CONS.-2017-851x1024.png\" alt=\"\" width=\"851\" height=\"1024\" /></a>\r\n\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\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\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\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\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</div>\r\n</section>','CONSOLIDATED PERFORMANCE ANALYSIS','','publish','open','closed','','completed-trades-profit-loss-ratios','','','2018-02-28 15:58:20','2018-02-28 20:58:20','',0,'https://weeklyfxdrivethru.com/?page_id=5002',0,'page','',0),(10805,16,'2018-01-18 14:33:37','2018-01-18 19:33:37','<h4>Monthly and Annual Consolidated Performance Analysis :</h4>\r\n<section class=\"clearfix\">\r\n<div class=\"one-half first\">\r\n<h2>This Year</h2>\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</h2>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/DECEMBER-CONS.-2017.png\"><img class=\"size-large wp-image-10715 alignnone\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/DECEMBER-CONS.-2017-851x1024.png\" alt=\"\" width=\"851\" height=\"1024\" /></a>\r\n\r\n\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\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\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\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\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</div>\r\n</section>','CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5002-revision-v1','','','2018-01-18 14:33:37','2018-01-18 19:33:37','',5002,'https://weeklyfxdrivethru.com/5002-revision-v1/',0,'revision','',0),(5006,16,'2015-01-05 11:31:24','2015-01-05 16:31:24','<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','','publish','open','closed','','completed-trades-risk-reward-analysis','','','2016-11-30 17:05:49','2016-11-30 22:05:49','',0,'https://weeklyfxdrivethru.com/?page_id=5006',0,'page','',0),(5022,16,'2015-01-05 14:34:07','2015-01-05 19:34:07','','Consolidated Performance Analysis :','','publish','open','closed','','5022','','','2017-12-13 13:38:49','2017-12-13 18:38:49','',0,'https://weeklyfxdrivethru.com/?p=5022',18,'nav_menu_item','',0),(5023,16,'2015-01-05 14:34:07','2015-01-05 19:34:07',' ','','','publish','open','closed','','5023','','','2017-12-13 13:38:49','2017-12-13 18:38:49','',0,'https://weeklyfxdrivethru.com/?p=5023',17,'nav_menu_item','',0),(5033,16,'2015-01-06 09:48:45','2015-01-06 14:48:45','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Essentials</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></div></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2015-01-06 09:48:45','2015-01-06 14:48:45','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(5050,1,'2015-01-06 12:07:59','2015-01-06 17:07:59','','JANUARY : FEBRUARY 2015','','inherit','open','closed','','january-february-2015','','','2015-01-06 12:08:30','2015-01-06 17:08:30','',4984,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/JANUARY-FEBRUARY-2015.pdf',0,'attachment','application/pdf',0),(5097,1,'2015-01-10 14:02:14','2015-01-10 19:02:14','','8 QUICK REMINDERS BEFORE MAKING YOUR 2015 TRADING GOALS','','inherit','open','closed','','8-quick-reminders-before-making-your-2015-trading-goals','','','2015-01-11 10:21:05','2015-01-11 15:21:05','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/8-QUICK-REMINDERS-BEFORE-MAKING-YOUR-2015-TRADING-GOALS.pdf',0,'attachment','application/pdf',0),(5193,1,'2015-01-24 14:39:23','2015-01-24 19:39:23','','IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS','','inherit','open','closed','','ideas-that-maybe-you-should-add-to-your-forex-trading-resolutions','','','2015-01-25 06:42:57','2015-01-25 11:42:57','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/IDEAS-THAT-MAYBE-YOU-SHOULD-ADD-TO-YOUR-FOREX-TRADING-RESOLUTIONS.pdf',0,'attachment','application/pdf',0),(5234,1,'2015-01-31 12:53:43','2015-01-31 17:53:43','','MY APPROACH ON POSITION SIZING','','inherit','open','closed','','my-approach-on-position-sizing-2','','','2015-01-31 12:56:23','2015-01-31 17:56:23','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/MY-APPROACH-ON-POSITION-SIZING.pdf',0,'attachment','application/pdf',0),(5282,1,'2015-02-07 16:40:12','2015-02-07 21:40:12','','POSITION SIZING...TIPS ON HOW TO AVOID RISKING TOO MUCH','','inherit','open','closed','','position-sizing-tips-on-how-to-avoid-risking-too-much','','','2015-02-07 16:44:09','2015-02-07 21:44:09','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/POSITION-SIZING...TIPS-ON-HOW-TO-AVOID-RISKING-TOO-MUCH.pdf',0,'attachment','application/pdf',0),(5314,1,'2015-02-15 06:34:20','2015-02-15 11:34:20','','HOW TO PLAN YOUR FOREX TRADE EXITS','','inherit','open','closed','','how-to-plan-your-forex-trade-exits','','','2015-02-15 07:28:26','2015-02-15 12:28:26','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/HOW-TO-PLAN-YOUR-FOREX-TRADE-EXITS.pdf',0,'attachment','application/pdf',0),(5344,1,'2015-02-21 15:32:00','2015-02-21 20:32:00','','REASONS WHY SO MANY TRADERS FAIL','','inherit','open','closed','','reasons-why-so-many-traders-fail','','','2015-02-21 15:32:00','2015-02-21 20:32:00','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/REASONS-WHY-SO-MANY-TRADERS-FAIL.pdf',0,'attachment','application/pdf',0),(5393,1,'2015-02-28 12:51:04','2015-02-28 17:51:04','','THE 5 MOST COMMON MISTAKES NEWBIE TRADERS MAKE','','inherit','open','closed','','the-5-most-common-mistakes-newbie-traders-make','','','2015-02-28 14:24:33','2015-02-28 19:24:33','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/THE-5-MOST-COMMON-MISTAKES-NEWBIE-TRADERS-MAKE.pdf',0,'attachment','application/pdf',0),(5431,1,'2015-03-06 17:08:12','2015-03-06 22:08:12','','THE CRITICAL SUCCESS FACTORS YOU NEED TO BECOME A SUCCESSFUL TRADER','','inherit','open','closed','','the-critical-success-factors-you-need-to-become-a-successful-trader','','','2015-03-07 17:35:10','2015-03-07 22:35:10','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-CRITICAL-SUCCESS-FACTORS-YOU-NEED-TO-BECOME-A-SUCCESSFUL-TRADER.pdf',0,'attachment','application/pdf',0),(5540,1,'2015-03-21 13:55:07','2015-03-21 18:55:07','','FOUR PSYCHOLOGICAL PITFALLS THAT WILL BLOW YOUR ACCOUNT','','inherit','open','closed','','four-psychological-pitfalls-that-will-blow-your-account','','','2015-03-21 13:56:05','2015-03-21 18:56:05','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FOUR-PSYCHOLOGICAL-PITFALLS-THAT-WILL-BLOW-YOUR-ACCOUNT.pdf',0,'attachment','application/pdf',0),(5553,16,'2015-03-23 11:06:16','2015-03-23 16:06:16','<section class=\"members\">Over the past 12 months or so, I have been asked about providing specific training and a longer term mentoring program.I decided at the time that I wanted to leave this area to one side and place on hold until I had a full year of the PREMIUM SERVICE behind me.\r\n\r\nThere will always be timing issues surrounding this subject matter and the fact that PREMIUM SERVICE subscribers are located all over the world there is an added complication. At the moment, I am based just outside of Halifax, Nova Scotia, Canada (ADT Atlantic time). We all trade Forex the time differences are a challenge but not insurmountable.\r\n\r\nIf you want a little more: -\r\n<ul>\r\n 	<li>Background to the working of the Forex Market.</li>\r\n 	<li>Specific coaching on an area of Forex.</li>\r\n 	<li>A longer-term support program on all aspects of the Forex Market with a weekly review.</li>\r\n</ul>\r\nBasically, whatever you want just ask me. If I can accommodate your request from both my ability to deliver the content and the timing I will give you a YES or NO response.\r\n\r\nThe cost of this depends upon exactly what you want initially and longer-term. I am in the Forex Market for the long haul.\r\n\r\nThis is not a “smash and grab” business. Longevity, is the key to all aspects of Forex, training included. It is a step-by-step methodical approach; you test it, and then move on.\r\n\r\nFor any questions in connection with this area please in the first instance email with as much detail as possible to: - scott@thepremiumservice.com\r\n\r\n</section>','MENTORING and ONE-ON-ONE COACHING:','','publish','open','closed','','mentoring-and-one-on-one-coaching','','','2017-12-14 09:33:44','2017-12-14 14:33:44','',0,'https://weeklyfxdrivethru.com/?page_id=5553',0,'page','',0),(5554,16,'2015-03-23 11:01:30','2015-03-23 16:01:30','<p>Over the past 12 months or so, I have been asked about providing specific training and a longer term mentoring program.\r\n\r\nI decided at the time that I wanted to leave this area to one side and place on hold until I had a full year of the PREMIUM SERVICE behind me.\r\n\r\nThere will always be timing issues surrounding this subject matter and the fact that PREMIUM SERVICE subscribers are located all over the world there is an added complication. At the moment, I am based just outside of Montreal, Canada (EDT New York time). We all trade Forex the time differences are a challenge but not insurmountable.\r\n</p>\r\n\r\n<p>If you want a little more: -</p>\r\n\r\n<ul>\r\n<li>Background to the working of the Forex Market.</li>\r\n\r\n<li>Specific coaching on an area of Forex. <b>or</b></li>\r\n\r\n\r\n\r\n<li>A longer-term support program on all aspects of the Forex Market with a weekly review. </li>\r\n</ul>\r\n\r\n<p>Basically, whatever you want just ask me. If I can accommodate your request from both my ability to deliver the content and the timing I will give you a YES or NO response.\r\n\r\nThe cost of this depends upon exactly what you want initially and longer-term. I am in the Forex Market for the long haul. \r\n\r\nThis is not a “smash and grab” business. Longevity, is the key to all aspects of Forex, training included. It is a step-by-step methodical approach; you test it, and then move on.\r\n\r\nFor any questions in connection with this area please in the first instance email with as much detail as possible to: - premiumservice@weeklyfxdrivethru.com\r\n</p>','MENTORING and ONE-ON-ONE COACHING:','','inherit','open','closed','','5553-revision-v1','','','2015-03-23 11:01:30','2015-03-23 16:01:30','',5553,'https://weeklyfxdrivethru.com/5553-revision-v1/',0,'revision','',0),(5555,16,'2015-03-23 11:03:18','2015-03-23 16:03:18','<section class=\"members\">\r\n\r\n<p>Over the past 12 months or so, I have been asked about providing specific training and a longer term mentoring program.\r\n\r\nI decided at the time that I wanted to leave this area to one side and place on hold until I had a full year of the PREMIUM SERVICE behind me.\r\n\r\nThere will always be timing issues surrounding this subject matter and the fact that PREMIUM SERVICE subscribers are located all over the world there is an added complication. At the moment, I am based just outside of Montreal, Canada (EDT New York time). We all trade Forex the time differences are a challenge but not insurmountable.\r\n</p>\r\n\r\n<p>If you want a little more: -</p>\r\n\r\n<ul>\r\n<li>Background to the working of the Forex Market.</li>\r\n\r\n<li>Specific coaching on an area of Forex. </li>\r\n\r\n\r\n\r\n<li>A longer-term support program on all aspects of the Forex Market with a weekly review. </li>\r\n</ul>\r\n\r\n<p>Basically, whatever you want just ask me. If I can accommodate your request from both my ability to deliver the content and the timing I will give you a YES or NO response.\r\n\r\nThe cost of this depends upon exactly what you want initially and longer-term. I am in the Forex Market for the long haul. \r\n\r\nThis is not a “smash and grab” business. Longevity, is the key to all aspects of Forex, training included. It is a step-by-step methodical approach; you test it, and then move on.\r\n\r\nFor any questions in connection with this area please in the first instance email with as much detail as possible to: - premiumservice@weeklyfxdrivethru.com\r\n</p>\r\n</section>','MENTORING and ONE-ON-ONE COACHING:','','inherit','open','closed','','5553-revision-v1','','','2015-03-23 11:03:18','2015-03-23 16:03:18','',5553,'https://weeklyfxdrivethru.com/5553-revision-v1/',0,'revision','',0),(5557,16,'2015-03-23 11:13:20','2015-03-23 16:13:20','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Essentials</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a><a title=\"Mentoring and one-on-one coaching\" href=\"./mentoring-and-one-on-one-coaching/\">Mentoring</a></div></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2015-03-23 11:13:20','2015-03-23 16:13:20','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(5558,16,'2015-03-23 11:24:56','2015-03-23 16:24:56','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"https://weeklyfxdrivethru.com/member_posts/\">Premium Service Blog Posts</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></div>\r\n</section>\r\n\r\n','PREMIUM SERVICE BLOGS / Dates','','publish','open','closed','','premium-service-blogs-dates','','','2015-03-23 11:34:25','2015-03-23 16:34:25','',0,'https://weeklyfxdrivethru.com/?page_id=5558',0,'page','',0),(5559,16,'2015-03-23 11:24:56','2015-03-23 16:24:56','<section class=\"members\">\r\n\r\n</section>','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:24:56','2015-03-23 16:24:56','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5560,16,'2015-03-23 11:26:51','2015-03-23 16:26:51','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a></div>\n</section>','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-autosave-v1','','','2015-03-23 11:26:51','2015-03-23 16:26:51','',5558,'https://weeklyfxdrivethru.com/5558-autosave-v1/',0,'revision','',0),(5561,16,'2015-03-23 11:28:00','2015-03-23 16:28:00','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"./blog-posts/\">Premium Service Blog Posts</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></div>\r\n</section>','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:28:00','2015-03-23 16:28:00','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5562,16,'2015-03-23 11:29:48','2015-03-23 16:29:48','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"./member_posts/\">Premium Service Blog Posts</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></div>\r\n</section>\r\n','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:29:48','2015-03-23 16:29:48','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5564,16,'2015-03-23 11:34:25','2015-03-23 16:34:25','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"https://weeklyfxdrivethru.com/member_posts/\">Premium Service Blog Posts</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></div>\r\n</section>\r\n\r\n','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:34:25','2015-03-23 16:34:25','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5565,16,'2015-03-24 10:08:51','2015-03-24 15:08:51','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\" alt=\"PremiumServiceTweet\" width=\"800\" class=\"alignleft size-full wp-image-5573\" /></a>\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for The Premium Service 6 months ago and it really has helped me to learn about trading much faster than I was doing on my own. I had been trading for about a year before that without much success. I really felt very isolated and found reading the charts particularly frustrating. Since following you, I really appreciate the chart guidance and also the suggested entry levels. I am now making slow (small) but steady profits.\r\nI find the weekly blog really sets me up for the coming week. You are also very accessible when I need instant guidance.\r\nKeep up the good work,\r\n</p>\r\n\r\n<p class=\"name\">BrendaD – Dublin</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">Bonjour / Hi Scott,\r\n\r\nJust wanted to let you know that I am progressing well since signing up for The Premium Service. I wish you lived closer so I could stop by and spend a day trading with you. You really understand what it’s like for us \"Newbie Traders\" as you call us. There is so much information out there I didn’t know what to focus on. There really are no forums like yours for new traders; at least not in the personalized way you have helped me. I like the Twitter alerts and I usually take a few of those flash trades you put out, otherwise I would miss them, as I am not at my computer all day. I hope to be able to trade full time eventually, but for now I am learning and trying to grow my account. Thank you for helping with my learning curve, I have progressed much faster since signing up. The Web site is great; I go there often to look up past posts and education. You have a great sense of humour too - I think we need that as Traders because it can be very hard.\r\nThank you,\r\n</p>\r\n\r\n<p class=\"name\">\r\nM.B. - Paris</p>\r\n</blockquote>\r\n\r\n\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">I had been trading for a about a year when I found your Weekly Fx Drive Thru blog on Twitter. From this I decided to subscribe to the Premium Service. I am making some money now from trading and I am grateful for your help. I like all the research articles on your website. I am definitely going to re-subscribe again next year and I think having a separate broker account for your trades is a great idea. Thank you.\r\n</p>\r\n\r\n<p class=\"name\">\r\nPaul R. Berlin</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for the annual subscription of Premium Service. Trading is much harder than I was led to believe by those out there who make it sound like you can make big bucks quickly. There is so much to learn in the beginning, I felt overwhelmed. Working with you has really helped me keep my head above water. I find your honesty refreshing and I really understand your rationale on analysis. When I read the education sections I feel that they are aimed directly at me - I seem to fall into most of the traps, so recognizing that has really helped me.\r\nThank you for your guidance, it really has made a difference, I really like the single lot trading and having a separate broker,  I can see very clearly what I am doing. I also get a good laugh from you now and then when I am having bleak trading days - that helps more than you know!\r\nBest Regards,</p>\r\n\r\n<p class=\"name\">\r\n\r\nRoger - London</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nI recommend the PREMIUM SERVICE to all new traders. It gives me a focus and I now see why it is not so easy to make money as my broker told me it would be. I thought it was me. It is hard to make money but I am doing so now, I have a better understanding. I now understand risk management and I have a trade plan. I joined for a year and it was well worth it and I have my fees for next year already. I have now switched to one of your brokers as well - much better.\r\n</p>\r\n\r\n<p class=\"name\">Ross D – Niagara Falls</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nBeing new to Forex, I signed up for your set-ups to help me understand where to enter and exit better. It is still difficult for me to grasp fully but I am much, much better than before I found the Premium Service.\r\n</p>\r\n\r\n<p class=\"name\">Svetlana (Berlin)</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nMr Pickering\r\nI like Forex but could not make money. I join in with Premium Service and now it helps me. I am still learning but you help me. I now not lose money and trade with smaller lots and wider stops for volatility so I am not stopped as much. Thank you for help. Sorry about my English. \r\n</p>\r\n\r\n<p class=\"name\">Yang from Hong Kong</p>\r\n</blockquote>\r\n\r\n\r\n','Testimonials','','publish','open','closed','','testimonials','','','2015-03-26 08:34:42','2015-03-26 13:34:42','',0,'https://weeklyfxdrivethru.com/?page_id=5565',0,'page','',0),(5566,16,'2015-03-24 10:08:51','2015-03-24 15:08:51','\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for The Premium Service 6 months ago and it really has helped me to learn about trading much faster than I was doing on my own. I had been trading for about a year before that without much success. I really felt very isolated and found reading the charts particularly frustrating. Since following you, I really appreciate the chart guidance and also the suggested entry levels. I am now making slow (small) but steady profits.\r\nI find the weekly blog really sets me up for the coming week. You are also very accessible when I need instant guidance.\r\nKeep up the good work,\r\n</p>\r\n\r\n<p class=\"name\">BrendaD – Dublin</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">Bonjour / Hi Scott,\r\n\r\nJust wanted to let you know that I am progressing well since signing up for The Premium Service. I wish you lived closer so I could stop by and spend a day trading with you. You really understand what it’s like for us \"Newbie Traders\" as you call us. There is so much information out there I didn’t know what to focus on. There really are no forums like yours for new traders; at least not in the personalized way you have helped me. I like the Twitter alerts and I usually take a few of those flash trades you put out, otherwise I would miss them, as I am not at my computer all day. I hope to be able to trade full time eventually, but for now I am learning and trying to grow my account. Thank you for helping with my learning curve, I have progressed much faster since signing up. The Web site is great; I go there often to look up past posts and education. You have a great sense of humour too - I think we need that as Traders because it can be very hard.\r\nThank you,\r\n</p>\r\n\r\n<p class=\"name\">\r\nM.B. - Paris</p>\r\n</blockquote>\r\n\r\n\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">I had been trading for a about a year when I found your Weekly Fx Drive Thru blog on Twitter. From this I decided to subscribe to the Premium Service. I am making some money now from trading and I am grateful for your help. I like all the research articles on your website. I am definitely going to re-subscribe again next year and I think having a separate broker account for your trades is a great idea. Thank you.\r\n</p>\r\n\r\n<p class=\"name\">\r\nPaul R. Berlin</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for the annual subscription of Premium Service. Trading is much harder than I was led to believe by those out there who make it sound like you can make big bucks quickly. There is so much to learn in the beginning, I felt overwhelmed. Working with you has really helped me keep my head above water. I find your honesty refreshing and I really understand your rationale on analysis. When I read the education sections I feel that they are aimed directly at me - I seem to fall into most of the traps, so recognizing that has really helped me.\r\nThank you for your guidance, it really has made a difference, I really like the single lot trading and having a separate broker,  I can see very clearly what I am doing. I also get a good laugh from you now and then when I am having bleak trading days - that helps more than you know!\r\nBest Regards,</p>\r\n\r\n<p class=\"name\">\r\n\r\nRoger - London</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nI recommend the PREMIUM SERVICE to all new traders. It gives me a focus and I now see why it is not so easy to make money as my broker told me it would be. I thought it was me. It is hard to make money but I am doing so now, I have a better understanding. I now understand risk management and I have a trade plan. I joined for a year and it was well worth it and I have my fees for next year already. I have now switched to one of your brokers as well - much better.\r\n</p>\r\n\r\n<p class=\"name\">Ross D – Niagara Falls</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nBeing new to Forex, I signed up for your set-ups to help me understand where to enter and exit better. It is still difficult for me to grasp fully but I am much, much better than before I found the Premium Service.\r\n</p>\r\n\r\n<p class=\"name\">Svetlana (Berlin)</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nMr Pickering\r\nI like Forex but could not make money. I join in with Premium Service and now it helps me. I am still learning but you help me. I now not lose money and trade with smaller lots and wider stops for volatility so I am not stopped as much. Thank you for help. Sorry about my English. \r\n</p>\r\n\r\n<p class=\"name\">Yang from Hong Kong</p>\r\n</blockquote>\r\n\r\n\r\n','Testimonials','','inherit','open','closed','','5565-revision-v1','','','2015-03-24 10:08:51','2015-03-24 15:08:51','',5565,'https://weeklyfxdrivethru.com/5565-revision-v1/',0,'revision','',0),(5567,16,'2015-03-24 10:13:14','2015-03-24 15:13:14','','TESTIMIONIALS','','publish','open','closed','','5567','','','2017-12-13 12:32:12','2017-12-13 17:32:12','',0,'https://weeklyfxdrivethru.com/?p=5567',4,'nav_menu_item','',0),(5573,16,'2015-03-26 08:31:02','2015-03-26 13:31:02','','PremiumServiceTweet','','inherit','open','closed','','premiumservicetweet','','','2015-03-26 08:31:15','2015-03-26 13:31:15','',5565,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg',0,'attachment','image/jpeg',0),(5574,16,'2015-03-26 08:31:47','2015-03-26 13:31:47','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\" alt=\"PremiumServiceTweet\" width=\"800\" class=\"alignleft size-full wp-image-5573\" /></a>\n<blockquote>\n<p class=\"quote\">Hi Scott,\nI signed up for The Premium Service 6 months ago and it really has helped me to learn about trading much faster than I was doing on my own. I had been trading for about a year before that without much success. I really felt very isolated and found reading the charts particularly frustrating. Since following you, I really appreciate the chart guidance and also the suggested entry levels. I am now making slow (small) but steady profits.\nI find the weekly blog really sets me up for the coming week. You are also very accessible when I need instant guidance.\nKeep up the good work,\n</p>\n\n<p class=\"name\">BrendaD – Dublin</p>\n</blockquote>\n\n<blockquote>\n<p class=\"quote\">Bonjour / Hi Scott,\n\nJust wanted to let you know that I am progressing well since signing up for The Premium Service. I wish you lived closer so I could stop by and spend a day trading with you. You really understand what it’s like for us \"Newbie Traders\" as you call us. There is so much information out there I didn’t know what to focus on. There really are no forums like yours for new traders; at least not in the personalized way you have helped me. I like the Twitter alerts and I usually take a few of those flash trades you put out, otherwise I would miss them, as I am not at my computer all day. I hope to be able to trade full time eventually, but for now I am learning and trying to grow my account. Thank you for helping with my learning curve, I have progressed much faster since signing up. The Web site is great; I go there often to look up past posts and education. You have a great sense of humour too - I think we need that as Traders because it can be very hard.\nThank you,\n</p>\n\n<p class=\"name\">\nM.B. - Paris</p>\n</blockquote>\n\n\n\n\n<blockquote>\n<p class=\"quote\">I had been trading for a about a year when I found your Weekly Fx Drive Thru blog on Twitter. From this I decided to subscribe to the Premium Service. I am making some money now from trading and I am grateful for your help. I like all the research articles on your website. I am definitely going to re-subscribe again next year and I think having a separate broker account for your trades is a great idea. Thank you.\n</p>\n\n<p class=\"name\">\nPaul R. Berlin</p>\n</blockquote>\n\n\n<blockquote>\n<p class=\"quote\">Hi Scott,\nI signed up for the annual subscription of Premium Service. Trading is much harder than I was led to believe by those out there who make it sound like you can make big bucks quickly. There is so much to learn in the beginning, I felt overwhelmed. Working with you has really helped me keep my head above water. I find your honesty refreshing and I really understand your rationale on analysis. When I read the education sections I feel that they are aimed directly at me - I seem to fall into most of the traps, so recognizing that has really helped me.\nThank you for your guidance, it really has made a difference, I really like the single lot trading and having a separate broker,  I can see very clearly what I am doing. I also get a good laugh from you now and then when I am having bleak trading days - that helps more than you know!\nBest Regards,</p>\n\n<p class=\"name\">\n\nRoger - London</p>\n</blockquote>\n\n\n<blockquote>\n<p class=\"quote\">\nHi Scott,\nI recommend the PREMIUM SERVICE to all new traders. It gives me a focus and I now see why it is not so easy to make money as my broker told me it would be. I thought it was me. It is hard to make money but I am doing so now, I have a better understanding. I now understand risk management and I have a trade plan. I joined for a year and it was well worth it and I have my fees for next year already. I have now switched to one of your brokers as well - much better.\n</p>\n\n<p class=\"name\">Ross D – Niagara Falls</p>\n</blockquote>\n\n\n<blockquote>\n<p class=\"quote\">\nHi Scott,\nBeing new to Forex, I signed up for your set-ups to help me understand where to enter and exit better. It is still difficult for me to grasp fully but I am much, much better than before I found the Premium Service.\n</p>\n\n<p class=\"name\">Svetlana (Berlin)</p>\n</blockquote>\n\n<blockquote>\n<p class=\"quote\">\nMr Pickering\nI like Forex but could not make money. I join in with Premium Service and now it helps me. I am still learning but you help me. I now not lose money and trade with smaller lots and wider stops for volatility so I am not stopped as much. Thank you for help. Sorry about my English. \n</p>\n\n<p class=\"name\">Yang from Hong Kong</p>\n</blockquote>\n\n\n','Testimonials','','inherit','open','closed','','5565-autosave-v1','','','2015-03-26 08:31:47','2015-03-26 13:31:47','',5565,'https://weeklyfxdrivethru.com/5565-autosave-v1/',0,'revision','',0),(5575,16,'2015-03-26 08:32:06','2015-03-26 13:32:06','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\" alt=\"PremiumServiceTweet\" width=\"800\" class=\"alignleft size-full wp-image-5573\" /></a>\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for The Premium Service 6 months ago and it really has helped me to learn about trading much faster than I was doing on my own. I had been trading for about a year before that without much success. I really felt very isolated and found reading the charts particularly frustrating. Since following you, I really appreciate the chart guidance and also the suggested entry levels. I am now making slow (small) but steady profits.\r\nI find the weekly blog really sets me up for the coming week. You are also very accessible when I need instant guidance.\r\nKeep up the good work,\r\n</p>\r\n\r\n<p class=\"name\">BrendaD – Dublin</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">Bonjour / Hi Scott,\r\n\r\nJust wanted to let you know that I am progressing well since signing up for The Premium Service. I wish you lived closer so I could stop by and spend a day trading with you. You really understand what it’s like for us \"Newbie Traders\" as you call us. There is so much information out there I didn’t know what to focus on. There really are no forums like yours for new traders; at least not in the personalized way you have helped me. I like the Twitter alerts and I usually take a few of those flash trades you put out, otherwise I would miss them, as I am not at my computer all day. I hope to be able to trade full time eventually, but for now I am learning and trying to grow my account. Thank you for helping with my learning curve, I have progressed much faster since signing up. The Web site is great; I go there often to look up past posts and education. You have a great sense of humour too - I think we need that as Traders because it can be very hard.\r\nThank you,\r\n</p>\r\n\r\n<p class=\"name\">\r\nM.B. - Paris</p>\r\n</blockquote>\r\n\r\n\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">I had been trading for a about a year when I found your Weekly Fx Drive Thru blog on Twitter. From this I decided to subscribe to the Premium Service. I am making some money now from trading and I am grateful for your help. I like all the research articles on your website. I am definitely going to re-subscribe again next year and I think having a separate broker account for your trades is a great idea. Thank you.\r\n</p>\r\n\r\n<p class=\"name\">\r\nPaul R. Berlin</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for the annual subscription of Premium Service. Trading is much harder than I was led to believe by those out there who make it sound like you can make big bucks quickly. There is so much to learn in the beginning, I felt overwhelmed. Working with you has really helped me keep my head above water. I find your honesty refreshing and I really understand your rationale on analysis. When I read the education sections I feel that they are aimed directly at me - I seem to fall into most of the traps, so recognizing that has really helped me.\r\nThank you for your guidance, it really has made a difference, I really like the single lot trading and having a separate broker,  I can see very clearly what I am doing. I also get a good laugh from you now and then when I am having bleak trading days - that helps more than you know!\r\nBest Regards,</p>\r\n\r\n<p class=\"name\">\r\n\r\nRoger - London</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nI recommend the PREMIUM SERVICE to all new traders. It gives me a focus and I now see why it is not so easy to make money as my broker told me it would be. I thought it was me. It is hard to make money but I am doing so now, I have a better understanding. I now understand risk management and I have a trade plan. I joined for a year and it was well worth it and I have my fees for next year already. I have now switched to one of your brokers as well - much better.\r\n</p>\r\n\r\n<p class=\"name\">Ross D – Niagara Falls</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nBeing new to Forex, I signed up for your set-ups to help me understand where to enter and exit better. It is still difficult for me to grasp fully but I am much, much better than before I found the Premium Service.\r\n</p>\r\n\r\n<p class=\"name\">Svetlana (Berlin)</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nMr Pickering\r\nI like Forex but could not make money. I join in with Premium Service and now it helps me. I am still learning but you help me. I now not lose money and trade with smaller lots and wider stops for volatility so I am not stopped as much. Thank you for help. Sorry about my English. \r\n</p>\r\n\r\n<p class=\"name\">Yang from Hong Kong</p>\r\n</blockquote>\r\n\r\n\r\n','Testimonials','','inherit','open','closed','','5565-revision-v1','','','2015-03-26 08:32:06','2015-03-26 13:32:06','',5565,'https://weeklyfxdrivethru.com/5565-revision-v1/',0,'revision','',0),(5577,1,'2015-03-26 16:29:11','2015-03-26 21:29:11','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<h4>Welcome to the PREMIUM SERVICE section of the WEEKLY FX DRIVE THRU.</h4>\r\nThank you for your subscription. I hope that you will find the content inside the PREMIUM SERVICE subscriber section of great use to support your Forex Trading. Inside you will find a library of exclusive content to aid your Forex Trading.\r\n<ul>\r\n	<li>There are copies of the PREMIUM SERVICE versions of my main blog THE WEEKLY FX DRIVE THRU.</li>\r\n	<li>Dates of upcoming webinars.</li>\r\n	<li>Confirmation of the release dates of the WEEKLY FX DRIVE THRU blog.</li>\r\n	<li>Under the TRADING SUMMARIES section there is a complete summary of all the excel spreadsheets that were published in the “WEEKLY” blog that support the PREMIUM SERVICE performance.</li>\r\n	<li>Inside the EDUCATION section everything you need from a FX Glossary to how to read Candlestick charts as well as a full list of Trading Essentials articles from the WEEKLY FX DRIVE THRU.</li>\r\n	<li>Details about one-on-one coaching and mentoring programs.</li>\r\n	<li>Entrance to the Chat Room (coming soon).</li>\r\n	<li>Finally a complete list of my BUSINESS PARTNERS. If you want to partner closer with the PREMIUM SERVICE and wish to avail of my partners services just click on their banner anywhere on my website.</li>\r\n</ul>\r\n<h4>PLEASE NOTE:</h4>\r\nDates of sales presentations and general Forex based seminars with or without my BUSINESS PARTNERS are noted on the welcome page on the WEEKLY FX DRIVE THRU. The appropriate tab is at the top of the welcome page.\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2015-03-26 16:29:11','2015-03-26 21:29:11','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(5590,1,'2015-03-27 13:53:23','2015-03-27 18:53:23','','THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM','','inherit','open','closed','','the-most-overlooked-risks-in-trading-and-how-to-address-them','','','2015-03-28 11:39:53','2015-03-28 16:39:53','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-MOST-OVERLOOKED-RISKS-IN-TRADING-AND-HOW-TO-ADDRESS-THEM.pdf',0,'attachment','application/pdf',0),(5648,1,'2015-04-01 06:15:51','2015-04-01 11:15:51','<h2>EARN THE EQUIVALENT OF US$295.00 PER REFERRAL</h2>\r\nMany existing subscribers have written to me telling me that they have mentioned the PREMIUM SERVICE and the added value that it offers, when speaking to their circles of friends or fellow traders.\r\n\r\nI have of course been extremely grateful for these comments and actions.\r\n\r\nI wanted to come through with an incentive to reward those subscribers who refer the PREMIUM SERVICE as it is much appreciated; therefore I have decided to introduce a PREMIUM SERVICE REFERRAL PROGRAMME\r\n<h4>How does it work?</h4>\r\nEvery time an existing subscriber introduces a friend, colleague or fellow trader to the PREMIUM SERVICE I will add an additional 10 weeks to the referring subscribers membership period. This is the equivalent of a $295.00 value.\r\n\r\nThere are no limits to the numbers of those that can be introduced.\r\n<h4>How to claim your subscription extension</h4>\r\n<div class=\"kicker-three\">Write to me at\r\n<div class=\"btn\"><a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a></div>\r\nprovide me with your details and the name(s) and email address(s) of the person or persons that you have you have introduced.\r\n\r\n</div>\r\nVery simple…very straightforward….very easy.\r\n\r\nI will write back to you and confirm your revised subscription expiry date.\r\n\r\nScott Pickering\r\nThe Pip Accumulator','PREMIUM SERVICE REFERRAL PROGRAMME','','inherit','open','closed','','4193-revision-v1','','','2015-04-01 06:15:51','2015-04-01 11:15:51','',4193,'https://weeklyfxdrivethru.com/4193-revision-v1/',0,'revision','',0),(5649,1,'2017-10-30 09:13:43','2017-10-30 14:13:43','&nbsp;\n\n&nbsp;\n\n<strong>AN INTRODUCTION TO THE PREMIUM SERVICE - WEBINAR:</strong>\n\nClicking the link below will take you to my webinar presentation, which tells you all about how the PREMIUM SERVICE evolved and what it can do for you as a subscriber.\n<strong>\n<a href=\"http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX\">http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX</a></strong>\n\n&nbsp;\n\n<strong>PRESENTATIONS and SEMINARS:</strong>\n\nNothing scheduled. When plans are being formulated details will appear here.\n\n<strong> LIVE WEBINARS:</strong>\n\nIt was my plan to re-launch these in the autumn / fall of 2017. I have decided to leave this to one side for now as I am planning a re-vamp for 2018 of my website, the PREMIUM SERVICE  and my format of the WEEKLY FX DRIVE THRU blog.\n\nMy thoughts are to bring all four revised items (WEBINAR, THE PREMIUM SERVICE, the DRIVE THRU BLOG and WEBSITE) to the market at the same time early 2018.\n\nScott Pickering\nThe Pip Accumulator\n1st October 2017','UPCOMING LIVE EVENTS (WEBINARS / PRESENTATIONS and SEMINARS)','','inherit','open','closed','','4239-autosave-v1','','','2017-10-30 09:13:43','2017-10-30 14:13:43','',4239,'https://weeklyfxdrivethru.com/4239-autosave-v1/',0,'revision','',0),(5661,1,'2015-04-01 09:50:39','2015-04-01 14:50:39','','PREMIUM SERVICE PROMOTION APRIL-MAY 2015','','inherit','open','closed','','premium-service-promotion-april-may-2015','','','2015-04-01 09:51:16','2015-04-01 14:51:16','',4984,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREMIUM-SERVICE-PROMOTION-APRIL-MAY-2015.pdf',0,'attachment','application/pdf',0),(5681,1,'2015-04-05 09:43:42','2015-04-05 14:43:42','','STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS','','inherit','open','closed','','steps-to-take-when-faced-with-stressful-forex-situations','','','2015-04-05 11:19:19','2015-04-05 16:19:19','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/STEPS-TO-TAKE-WHEN-FACED-WITH-STRESSFUL-FOREX-SITUATIONS.pdf',0,'attachment','application/pdf',0),(5796,1,'2015-04-18 12:49:47','2015-04-18 17:49:47','','HOW MUCH TRADING CAPITAL DO YOU NEED FOR FOREX TRADING','','inherit','open','closed','','how-much-trading-capital-do-you-need-for-forex-trading','','','2015-04-19 06:14:18','2015-04-19 11:14:18','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/HOW-MUCH-TRADING-CAPITAL-DO-YOU-NEED-FOR-FOREX-TRADING.pdf',0,'attachment','application/pdf',0),(5844,1,'2015-04-25 13:53:09','2015-04-25 18:53:09','','TRADING HABITS THAT WILL HELP YOU MANAGE YOUR OPEN POSITIONS','','inherit','open','closed','','trading-habits-that-will-help-you-manage-your-open-positions','','','2015-04-25 14:20:14','2015-04-25 19:20:14','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRADING-HABITS-THAT-WILL-HELP-YOU-MANAGE-YOUR-OPEN-POSITIONS.pdf',0,'attachment','application/pdf',0),(10438,1,'2017-11-23 11:55:27','2017-11-23 16:55:27','<h2>THE PREMIUM SERVICE from THE WEEKLY FX DRIVE-THRU</h2>\r\nFLASH, RADAR, MOMENTUM, 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\nIn an effort to prevent against fraud and account sharing our system restricts access to 3 IP addresses per account. Example: Home, Office and Mobile.\r\n\r\nPlease make sure with your internet service provider that you have a static IP address before signing up for the Premium Service. If you do NOT have a static IP address, please contact me so that I can explain the way around this to avoid frustration at:- scott@thepremiumservice.com\r\n\r\nPlease also note THE PREMIUM SERVICE has NO REFUND POLICY.\r\n\r\nAll subscription charges are non-refundable regardless of the beginning of a Subscriber\'s business cycle. The Subscriber is entitled to use his/her own subscription to THE PREMIUM SERVICE until the end of the billing cycle following his/her cancellation.\r\n\r\nScott Pickering\r\nHalifax (Nova Scotia), Canada\r\n<a href=\"mailto:subscriptions@thepremiumservice.com\">scott@thepremiumservice.com\r\n</a>','Terms and Conditions','','inherit','closed','closed','','7769-revision-v1','','','2017-11-23 11:55:27','2017-11-23 16:55:27','',7769,'https://weeklyfxdrivethru.com/7769-revision-v1/',0,'revision','',0),(10448,1,'2017-11-30 15:45:28','2017-11-30 20:45:28','','RADAR YTD 30112017','','inherit','open','closed','','radar-ytd-30112017','','','2017-11-30 15:49:22','2017-11-30 20:49:22','',2524,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/RADAR-YTD-30112017.png',0,'attachment','image/png',0),(10451,1,'2017-11-30 15:45:39','2017-11-30 20:45:39','','FUN YTD 30112017','','inherit','open','closed','','fun-ytd-30112017','','','2017-11-30 15:50:50','2017-11-30 20:50:50','',3106,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/FUN-YTD-30112017.png',0,'attachment','image/png',0),(10456,1,'2017-11-30 15:45:55','2017-11-30 20:45:55','','POS YTD 30112017','','inherit','open','closed','','pos-ytd-30112017','','','2017-11-30 15:52:25','2017-11-30 20:52:25','',6965,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/POS-YTD-30112017.png',0,'attachment','image/png',0),(10457,1,'2017-11-30 15:45:57','2017-11-30 20:45:57','','PREM SERV PERF1 30112017','','inherit','open','closed','','prem-serv-perf1-30112017','','','2017-11-30 15:53:19','2017-11-30 20:53:19','',5000,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/PREM-SERV-PERF1-30112017.png',0,'attachment','image/png',0),(10458,1,'2017-11-30 15:46:03','2017-11-30 20:46:03','','PREM SERV PERF2 30112017','','inherit','open','closed','','prem-serv-perf2-30112017','','','2017-11-30 15:53:41','2017-11-30 20:53:41','',5000,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/PREM-SERV-PERF2-30112017.png',0,'attachment','image/png',0),(10459,1,'2017-11-30 15:46:06','2017-11-30 20:46:06','','CONS PERF NOV2017','','inherit','open','closed','','cons-perf-nov2017','','','2017-11-30 15:55:01','2017-11-30 20:55:01','',5002,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/CONS-PERF-NOV2017.png',0,'attachment','image/png',0),(10460,1,'2017-11-30 15:46:13','2017-11-30 20:46:13','','PIP COMPARISON NOV2017','','inherit','open','closed','','pip-comparison-nov2017','','','2017-11-30 15:55:46','2017-11-30 20:55:46','',6869,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/PIP-COMPARISON-NOV2017.png',0,'attachment','image/png',0),(10461,1,'2017-11-30 15:46:20','2017-11-30 20:46:20','','PS NET P{ROFITABILITY NOV2017','','inherit','open','closed','','ps-net-profitability-nov2017','','','2017-11-30 15:53:53','2017-11-30 20:53:53','',5000,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/PS-NET-PROFITABILITY-NOV2017.png',0,'attachment','image/png',0),(11054,1,'2018-02-28 15:53:32','2018-02-28 20:53:32','<h4>Fundamental Trades Archives:</h4>\r\n<section class=\"clearfix\">\r\n<div class=\"one-half first\">\r\n<h2>This Month<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN1-28022018.png\"><img class=\"aligncenter size-large wp-image-11040\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN1-28022018-780x1024.png\" alt=\"\" width=\"780\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN2-28022018.png\"><img class=\"aligncenter size-large wp-image-11041\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN2-28022018-808x1024.png\" alt=\"\" width=\"808\" 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&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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11042\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN-YTDFEB2018-749x1024.png\" alt=\"\" width=\"749\" height=\"1024\" /></a></h2>\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</h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FUNDAMENTAL-2017-COMPLETE.png\"><img class=\"aligncenter size-full wp-image-10713\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FUNDAMENTAL-2017-COMPLETE.png\" alt=\"\" width=\"866\" height=\"952\" /></a></h2>\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\" />\r\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FUN-2015-COMP-copy.png\"><img class=\"aligncenter size-full wp-image-10671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FUN-2015-COMP-copy.png\" alt=\"\" width=\"430\" height=\"442\" /></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','','','2018-02-28 15:53:32','2018-02-28 20:53:32','',3106,'https://weeklyfxdrivethru.com/3106-revision-v1/',0,'revision','',0),(10961,1,'2018-02-09 17:01:15','2018-02-09 22:01:15','','USDJPY W 10022018','','inherit','open','closed','','usdjpy-w-10022018','','','2018-02-10 06:42:13','2018-02-10 11:42:13','',10962,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/USDJPY-W-10022018.png',0,'attachment','image/png',0),(10681,1,'2017-12-16 14:34:34','2017-12-16 19:34:34','<ol>\r\n 	<li><span style=\"font-size: 16pt;\"><strong>THE FIRST FEW SHOTS:</strong></span></li>\r\n</ol>\r\nWith a tear in my eye and sadness in my heart, I have to announce that this is the last DRIVE THRU blog of 2017. My arse… I can’t wait for the Christmas break; I am looking forward to Turkey, bingeing on TV and Football and having a few Jack Daniels or glasses of Shiraz or Pinot Noir without worrying about getting up early for news events in the European session.\r\n\r\nSo, we have had the FED rate hike, with Janet Yellen’s farewell press conference, the BOE and SNB staying pat and Draghi at the ECB running through a press conference ensuring that he continues to emphasize low rates, support forever or even longer than that.\r\n\r\nJanet Yellen delivered a dovish rate hike, the USD sold off, it was nothing more than a buy the rumour, sell the news event. She confirmed that interest rate hikes would continue and the “Dot” plot, which was also released at the same time looked for three more rate increases in 2018.\r\n\r\nThomas Jordan and Mark Carney, did not surprise at all. Policies at the SNB and BOE remain unchanged. Rather boring data releases.\r\n\r\nMario Draghi started off his press conference with the words “Happy Christmas”.\r\n\r\nFirstly, he could never say that in the U.S. without being frowned upon.\r\n\r\nSecondly, he looked ready for the staff Christmas Party, he was in a jolly mood, the most relaxed I have seen him for a long, long, long time. I lost count of references that were dovish, or mentioned extended periods of time and long after QE etc… There were several of them.\r\n\r\nAll the hard work had been done by the ECB in the previous 60 days. All Draghi had to do in the interim period was silence the governing council numpties that can’t keep their gobs shut so that the run in to the end of the year was smooth without awkward questions.\r\n\r\nBlasting through the data highlights from last week…\r\n\r\nOn top of the Central Bank statements, Retail Sales in the UK finally spiked over 1%. U.S. Retail Sales beat estimates, UK inflation hit 3.1%, however, UK average earnings were still lagging at 2.5%. But the prize for the best statistics last week had to go to Australian Employment Data, it beat by a landslide, 18.1K jobs expected but 61.6k recorded.\r\n\r\nHowever…\r\n\r\nWhile that all sounds great, the FX market, has recently been driven by news events.\r\n\r\nIn the U.S. it’s all about the GOP TAX BILL. That fiasco goes on, and on, and on, and on… The latest that I have read, (but being honest I am kind of bored with the whole GOP / TRUMP thing I am exhausted and apathy has set in, thank God, its Christmas!) was that LITTLE MARCO who was voting against has been bought and now he’s in favour and that voting in both houses should happen this week. However, there are still senators not 100% so we could see more twists right up to the votes being cast….\r\n\r\nEight years in opposition with two prime pieces of legislation that apparently united the GOP…. OBAMACARE &amp; TAX REFORM, and the GOP operates like a headless chicken. Sorry to keep with the poultry trend, but many Republicans have no idea what they are voting for….  For many I am certain that its tantamount to “Turkey’s voting for Christmas”.\r\n\r\nD.C. IS NO BETTER THAN A REALITY TV SHOW\r\n\r\nWith all confidence, I can safely say that one way or another TRUMP will dominate the U.S. markets this week. Initially, the Tax Bill has control of the markets moving forward. It will be this news event the makes the moves…. Then who knows what’s next to surface or reappear?\r\n\r\nIn Europe, BREXIT has the narrative. Theresa May loses a crucial house vote, flies off to Brussels hits the EU Christmas Party council meeting, sits on Santa’s knee, asks Santa for the OK to move to phase two of the BREXIT NEGOTIATIONS to be her wish for Christmas and low and behold… Phase two it is!\r\n\r\nI think that it’s fair to say this is now the meat of the BREXIT negotiations and in true politician style, its urgent, so they will start discussions in March 2018, leaving just a year to complete the divorce. It’s a tall order. The pathway forward is clear, but there will be twists and turns along the way.\r\n\r\nFrom an FX viewpoint, I am now trying to get my head around all the FUNDAMENTALS of the past 7 days or so, Central Banks, U.S. politics, BREXIT and China to have my goals clear in my head for Q1 and Q2 next year. I don\'t think that I can’t look too far beyond H1.\r\n\r\nNext year in FX should be just as challenging as this year, which leads me nicely forward…\r\n\r\n<strong>“BUY ONE GET ONE FREE”</strong>\r\n\r\nWith a new year on the horizon and another target of 10,000 pips for me to beat in 2018, I am launching a PREMIUM SERVICE promotion “BUY ONE GET ONE FREE” running until January 31st 2018.\r\n\r\nAll “sign-ups” under this promotion, please note that your subscription period will NOT start until January 8<sup>th</sup> 2018, which is the formal date for next year’s trading to commence. Having said that, trading will continue albeit at a greatly reduced involvement through the holidays.\r\n\r\nThe benefit of subscribing now means that you cannot only take advantage of the trading that does take place but you can also use the interim period as an opportunity to familiarize yourself with the website and location of the content.\r\nThe details of the “BUY ONE GET ONE FREE” promotion can be found on my home page under the TAB “PROMOTIONS”\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><span style=\"font-size: 16pt;\"><strong>MY (THE PREMIUM SERVICE) TRADING LAST WEEK:</strong></span></li>\r\n</ol>\r\nLast week was light on trading for me. There was just too much chop in the market to maintain my interest 100%.  Add to this the end of the year account balancing and reduced liquidity it didn’t really get the blood circulating through my veins at the normal rate.\r\n\r\nMy thoughts are probably a little “old school”, in the sense that why trade when you believe the market is not true and does sit with your TRADE PLAN. In other words, why take on the RISK?\r\n\r\nI was more focused last week myself on exits rather than entries…\r\n\r\nAs mentioned in previous “DRIVE THRU” blogs, I was looking to manage out of my USD/CAD position. Well, I off-loaded my long-term USD/CAD short position. I decided NOT to wait until next year. My belief is that this pair will move higher before resuming lower. All the indicators were against me, I was trying to swim upstream and whilst I gave myself time and several attempts to manufacture an out trade for my HEDGED position it was just NOT working so I decided to minimize additional losses and take my pain.\r\n\r\nThe end result is that at the moment I am running a loss position on “pips” for this month, with just a week to go until I close off for 2017.\r\n\r\n<u>PERFORMANCE 2017 TO DATE:</u>\r\n\r\n2017 YEAR TO DATE:                +12,116 net pips\r\n\r\nThis is roughly where I predicted the year end 2017 total will lie, I am well above my net 10,000 pip objective.\r\n\r\n<strong> </strong>\r\n\r\n<strong>          3. <span style=\"font-size: 16pt;\">THE FX MARKET PLACE THIS WEEK:</span>\r\n\r\n</strong>\r\n\r\n<span style=\"font-size: 14pt;\"><u>3:1. THIS WEEK’S ECONOMIC DATA RELEASES:</u></span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/ECON-DATA-17122017.png\"><img class=\"aligncenter size-large wp-image-10643\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/ECON-DATA-17122017-1024x829.png\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>3:2. MY THOUGHTS ON THIS WEEK’S ECONOMIC DATA:</u></span>\r\n\r\nThis week, will be a strange one as we wind down for Christmas. There are only a couple of economic releases that will make sure that I am around for “LIVE” the rest I will pick up via Twitter.\r\n\r\nThe year-end movements and re-balancing for most institutions took place last Friday. In my opinion, liquidity could be dreadful this week. Moves could therefore be exaggerated; therefore, one should be very cautious.\r\n\r\n<strong><u>NZD:</u></strong><u> GDP</u>.\r\n\r\nWhilst this is a quarterly backwards looking number, it is a number that the markets respect.\r\n\r\nA word of caution. This data is scheduled for release Wednesday at the start of Asian Trading. At the best of times Asian Trading is thin. At this time of the year it could be brutal.\r\n\r\nGiven the political situation in New Zealand, this number should be noted as it should reflect most of the initial period of the new Labour governments tenure. If it is a poor number, I do not think that too much can be attributed to the new Labour government, although in economics as well as politics bad news does stick… at least initially.\r\n\r\nRight now, the NZD looks strong and a good number here could project it well above the .7070 (38% Fib. retracement) towards the next trend line resistance around 0.7200.\r\n\r\nI would be very surprised if we see such a projected move but stranger things have happened in a thin market trading environment.\r\n\r\n<strong><u>\r\nCAD:</u></strong><u> CPi, RETAIL SALES and GDP.</u>\r\n\r\nStephen Poloz, Governor of the BOC, is not on my 2017 Christmas card list. He shot the USD/CAD lower the day after I took losses… bugger!\r\n\r\nMedium-term, I do see the BOC having little alternative but to raise rates to keep differentials with the FED intact.\r\n\r\nAll of this data coming in line or at least beating the previous releases as a minimum is required to give Poloz support to move on rates early in 2018. The next BOC statement is scheduled on January 17th, the following one which is when I think he will raise interest rates is scheduled for March 7th, 2018.\r\n\r\nIncreasing interest rates then will beat the first possibility of another FED rise. The FOMC meet March 21st, but the smart money is on a U.S. rise at the FOMC June 13th meeting.\r\n\r\nInterest rate conjecture placed to one side, this data takes on greater importance given the latest FED policy statement.\r\n\r\n&nbsp;\r\n\r\n<strong><u>GBP:</u></strong><u> CURRENT ACCOUNT.</u>\r\n\r\nI am not an economist, nor do I consider myself any sort of expert in this area but as with most things, a little knowledge is dangerous.\r\n\r\nFadó, fadó (a long, long time ago), well it seems it now, I studied Government and Politics, Economics and Commerce in my last years of education. Bits and pieces are still stuck in the grey matter inside my skull.\r\n\r\nThis data (Current Account) is largely ignored by the press and markets. I believe with BREXIT it’s probably one of the key pieces of data that the H.M. Treasury and the BOE examine it under a microscope.\r\n\r\nThis is all about the health of an economy.\r\n\r\nIt is the balance sheet of trade and services and monetary transfers in and out of the UK.\r\n\r\nCombined with BREXIT, the fact that the UK is basically a service industry economy and the BREXIT effect on the City of London through companies exiting the UK, could have a huge effect on the CURRENT ACCOUNT as monies will be re-directed away from the UK.\r\n\r\nThis affects jobs directly in Financial services based in the UK as well direct and indirect support service jobs and business viability.\r\n\r\nThe last print was GBP -23.2biliion. There are targets and limits; it is the pace of change that is also watched. It is somewhat of a stealth number at times. It should create a response in normal trading conditions. It just depends how many traders are around on December 22nd!\r\n\r\nIt is worth following re the fundamentals, in my opinion.\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>3:3. USD MAJORS – SUPPORT &amp; RESISTANCE with BIAS:</u></span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/TCHART-17122017.png\"><img class=\"aligncenter size-large wp-image-10644\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/TCHART-17122017-1024x887.png\" alt=\"\" width=\"1024\" height=\"887\" /></a>\r\n\r\n<u><span style=\"font-size: 14pt;\">3:4. USD – TRADING CHARTS:</span> </u>\r\n\r\nMore often than not I will use DAILY CHARTS for my analysis. My commentary and thoughts for each trading pair are above the charts.\r\n\r\nCANDLE ANALYSIS: I have now added my thoughts based on the closing daily and weekly candles to the weeks trading.\r\n\r\n<strong>\r\n<u>EUR/USD:</u>\r\n</strong>\r\nDAILY CLOSING CANDLE:           SHOOTING STAR\r\nWEEKLY CLOSING CANDLE:      SPINNING TOP\r\n\r\nOn FOMC day, there was a very, very strong move higher as you can see on the chart below. Usually, when someone says to me what follows a big GREEN candle, like the one seen last Wednesday, 9 times out of 10 I would reply, another BIG GREEN candle.\r\n\r\nHowever, the following day was the ECB rate announcement and press conference in which, Mario Draghi was a little more dovish than expected and he forced the single currency lower.\r\n\r\nFriday was the end of the year bookkeeping adjustment day and we saw a chunk of volatility in the markets. Will we pull higher once again after the weekend into this week?\r\n\r\nThe range is quite well defined at 1.1715 to 1.1960.\r\n\r\nWe have ended the week bearish but until we break support or resistance we are in my opinion just range trading.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/EURUSD-D-171222017.png\"><img class=\"aligncenter size-large wp-image-10656\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/EURUSD-D-171222017-1024x464.png\" alt=\"\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>GBP/USD:</u></strong>\r\n\r\nDAILY CLOSING CANDLE: CLOSING CHART PATTERN = EVENING STAR\r\nWEEKLY CLOSING CANDLE: SHOOTING STAR\r\n\r\nIt’s all rather bearish if these candles play out for the start of the week.\r\n\r\nFrom my perspective, the flag pattern shown on the chart is still in play unless we break below 1.3290, at which point it is invalidated and all bets are off on the bullish side.\r\n\r\nShould 1.3300 hold, the measured move with the flag is 1.3740.\r\n\r\nWe just have to bear in mind any BREXIT news vis-a-via the cable.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/GBPUSD-D-17122017.png\"><img class=\"aligncenter size-large wp-image-10657\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/GBPUSD-D-17122017-1024x464.png\" alt=\"\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>AUD/USD:</u></strong>\r\n\r\nDAILY CLOSING CANDLE:           SHOOTING STAR\r\nWEEKLY CLOSING CANDLE:      BULLISH\r\n\r\nWe are in a triangle pattern and this pair bounced nicely off a December 2016 trend line.\r\n\r\nWe do not have alignment with candles and this matches a non-alignment with sentiment.\r\n\r\nWe have to see above 0.7740 or below 0.7490 to get a momentum move confirmed in my opinion.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/AUDUSD-D-17122017.png\"><img class=\"aligncenter size-large wp-image-10655\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/AUDUSD-D-17122017-1024x464.png\" alt=\"\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>NZD/USD:</u></strong>\r\n\r\nDAILY CLOSING CANDLE:           BEARISH\r\nWEEKLY CLOSING CANDLE:      BULLISH<strong><u>\r\n</u></strong>\r\nSentiment has shifted bullish, but the candles are lagging a little. The daily close represents the USD strength into the end of the year bookkeeping adjustments.\r\n\r\nEarly this week, I expect this pair to move higher back with trend and sentiment.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/NZDUSD-D-17122017.png\"><img class=\"aligncenter size-large wp-image-10658\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/NZDUSD-D-17122017-1024x464.png\" alt=\"\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CAD:</u></strong>\r\n\r\nDAILY CLOSING CANDLE:           BULLISH\r\nWEEKLY CLOSING CANDLE:      HAMMER\r\n\r\nThis pair looks like it is going to move higher and the levels of 1.3000 and 1.3100 appear to be sucking this pair in like a tractor beam from Star Trek.\r\n\r\nWe have a bullish wedge at 1.2915.\r\n\r\nIf this breaks I will have to get long even though I am a little reluctant given the time of the year. In my experience moves out of wedge tend to be very powerful and decisive.\r\n\r\nOn the basis that I booked a loss on this pair to the short side last week the upside potential break would vindicate my decision to cut and run.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/USDCAD-D-17122017.png\"><img class=\"aligncenter size-large wp-image-10659\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/USDCAD-D-17122017-1024x464.png\" alt=\"\" width=\"1024\" height=\"464\" /></a>\r\n\r\n<strong><u>USD/CHF:</u></strong>\r\n\r\nDAILY CLOSING CANDLE:           INDECISIVE\r\nWEEKLY CLOSING CANDLE:      HANGING MAN (BULLISH)<strong>\r\n</strong>\r\nAlbeit that last Friday’s candle is neither one thing nor the other, I still feel this pair has a potential upside break ahead of it.\r\n\r\nThe keys levels are 0.9860 and 0.9940.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/USDCHF-D-17122017.png\"><img class=\"aligncenter size-large wp-image-10660\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/USDCHF-D-17122017-1024x464.png\" alt=\"\" width=\"1024\" height=\"464\" /></a>\r\n\r\n<strong><u>USD/JPY:</u></strong>\r\n\r\nDAILY CLOSING CANDLE:           BULLISH ENGULFING\r\nWEEKLY CLOSING CANDLE:      BEARISH ENGULFING<u>\r\n</u>\r\nBoth candles are powerful looking candles. The issue is that they are contrary to each other.\r\n\r\nMy thought process here is that the WEEKLY candle should outweigh the DAILY candle. Given the day that last Friday was, that is, closing the books for most institutions on 2017, I would be inclined to believe that this would add weight to my thought process.\r\n\r\nHowever, a word of caution.\r\n\r\nDon’t count on anything as we are entering the silly season vis-à-vis liquidity and I would not believe anything until I see a good couple of sessions pass by to try to establish some confirmation. I know that that sounds a little unrealistic but it is the time of the year that drives my thought process this way.\r\n\r\nWatching levels at 112.00 and 113.20 may give a better visual for directional confirmation.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/USDJPY-D-17122017.png\"><img class=\"aligncenter size-large wp-image-10661\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/USDJPY-D-17122017-1024x464.png\" alt=\"\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>3:5. MY THOUGHTS ON HOW TO PLAY FX THIS WEEK:</u></span>\r\n\r\nIf you are going to trade this week, keep it very small and DO NOT get too involved.\r\n\r\nLiquidity will get worse as the week progresses with most of the institutions, especially in the U.S. well into Christmas Party mode with senior management probably issued directives on what constitutes sexual harassment to be handed down in memo form or discussed in group meetings. There will be headlines early next year… guaranteed. I would say those executives who consider themselves on a “fast track” will avoid the parties. It just takes an accusation and it’s all over.\r\n\r\nGetting back on point…\r\n\r\nThere are market movers in the economic data releases but I think more disturbingly the market will be driven by the GOP and TRUMP.\r\n\r\nI am NOT a believer that the Asian market is good for FX. Liquidity is just getting lower and lower, year by year and the vast majority of times, Asian moves are reversed in Europe. If liquidity is usually poor. Just imagine it this week.\r\n\r\nThe UK liquidity will be better but also poor.\r\n\r\nTherefore, here’s a tip. If you need to trade, trade only the following times when liquidity will be at its highest: 8.00AM EST to NOON EST.\r\n\r\nBe extremely careful with cross rates as they will be the first to suffer from the lower liquidity and exaggerated moves.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><span style=\"font-size: 16pt;\"><strong> PREMIUM SERVICE SUBSCRIBERS ONLY:</strong></span></li>\r\n</ol>\r\n(Only SUBSCRIBERS to the PREMIUM SERVICE can view this section of the BLOG)\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>4:1. TRADING REVIEW:</u></span>\r\n\r\nJust 5 days to go until I close the book on 2017. As you may have noted, I am already into setting up for 2018. Liquidity has dropped considerably already this year and this coming week could be difficult.\r\n\r\nI have already advised you of changes for 2018 and there are still a few updates left to complete. So, whilst it may look as if there is masterly inactivity taking place in Nova Scotia, I can assure you that that is far from the reality.\r\n\r\nAs you know, I took the USD/CAD position away. My thoughts were simple, the Stochastic\'s and RSi were all against me. Poloz was against me and the CAD data has plateaued or reversed. Basically, I was fighting against the current and a tractor beam to 1.3000, or even 1.3100 looked to be in play. Whilst I could support the HEDGE the attempted HEDGE OUT trades I could not and I made the decision after the FOMC to exit the position in total on lows. Obviously, the next day out comes Poloz being a little more hawkish, given that the Fed had just raised… typical!\r\n\r\nIt was a goal from last week to exit!\r\n\r\nSo, I ended the year with a series of losing trades…argh!!\r\n\r\nNevertheless, the PREMIUM SERVICE total for 2017 will be above 12,000 pips when all said and done and to be honest when I came back from Australia and New Zealand in July, I thought to get to 10,000 could be a challenge given the way news headlines had started to direct the markets.\r\n\r\nThe Next DRIVE THRU is on January 13th. The official back to trading date will be Monday January 8th, however, I should be up and running before then. You will know via twitter what the story is.\r\n\r\n<u>\r\n</u><span style=\"font-size: 14pt;\"><u>4:2. SENTIMENT CHART,</u><u> FUNDAMENTAL &amp; MACRO THOUGHTS</u><u>:</u></span>\r\n\r\nI think we will drift in ranges from now until the middle of January next year. There is nothing to get excited about at all.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/SENTIMENT-17122017.png\"><img class=\"aligncenter size-large wp-image-10649\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/SENTIMENT-17122017-790x1024.png\" alt=\"\" width=\"790\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>4:3. TRADING PLANS:</u></span>\r\n\r\n<span style=\"font-size: 14pt;\"><u>4:3.1. TRADING PLAN OVERVIEW THIS WEEK:</u></span>\r\n\r\nMy action plan for the week is: -\r\n<ol>\r\n 	<li>Complete next batch of PREMIUM SERVICE 2018 updates.</li>\r\n 	<li>Close off the 2017 performance and report thru blog pages and twitter.</li>\r\n 	<li>Produce a 2018 key long term trade document to be reviewed in this section of the DRIVE THRU blog each week.</li>\r\n 	<li>Prepare POWER POINT PROMOTION document and record WEBINAR for marketing campaign.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>4:3.2.  EXISTING CORE TRADES (PLANS &amp; STRATEGIES):</u></span>\r\n\r\nI only retain my CORE long AUD/NZD trades through the Christmas period. I have 5 x LIVE trades.\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>4:4. CURRENT LIVE TRADES &amp; LIMIT ORDERS:</u></span>\r\n\r\nCURRENT LIVE TRADES:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/LIVE2-17122017.png\"><img class=\"aligncenter size-large wp-image-10648\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/LIVE2-17122017-1024x1021.png\" alt=\"\" width=\"1024\" height=\"1021\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nCURRENT LIMIT ORDER TRADES: - There are none.\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><u>4:5. FX BROKER NEWS with their MARKET FEEDBACK:</u></span>\r\n\r\nExpect a rush of bonus offers of cash, iPhones and iPAD’s. There will be a frenzy to grab new clients in readiness for the new trading year.\r\n\r\nRemember with brokers there are NO free lunches.\r\n\r\nMy two recommended brokers HANTEC MARKETS (London) and VANTAGE FX (Sydney), remain in position for 2018. I am really happy with these guys and if you want an additional account please sign up though the banner on my website to be in the PREMIUM SERVICE group.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><span style=\"font-size: 16pt;\"><strong> THE PREMIUM SERVICE:</strong></span></li>\r\n</ol>\r\nThe PREMIUM SERVICE is my own subscriber based Forex support service that offers subscribers my suggested trade set-ups and market commentaries.\r\n\r\n<span style=\"font-size: 14pt;\"><u>5:1. CURRENT 2017 PREMIUM SERVICE PERFORMANCE:</u></span>\r\n\r\nYEAR TO DATE:      +12,116 net pips\r\n\r\nIn sales mode; I am now planning for 2018. I will have live trades through the Christmas and New Year holidays so I will be on twitter and probably email.\r\n\r\nIn 2018, the PREMIUM SERVICE will return with a new TRADE STYLE option for subscribers to consider and the SUBSCRIBER SECTION of the “DRIVE THRU” will be larger with greater emphasis on sentiment and market direction. Therefore, now is a great time to join the PREMIUM SERVICE get familiar and ready to go with the 2018 launch!!\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><u>5:2. HOW TO SUBSCRIBE TO THE PREMIUM SERVICE:</u></span>\r\n\r\nIf you like what you’ve read in this blog and should you want to go a stage further and subscribe to the PREMIUM SERVICE, this can be done on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the Tab SUBSCRIBE HERE.\r\n\r\n<u>PLEASE NOTE</u>: The TAB on my home page titled PROMOTIONS contains details of the “BUY ONE GET ONE FREE” campaign that is currently in place.\r\n\r\nSubscribing to the PREMIUM SERVICE is not just about receiving a larger “DRIVE THRU” blog packed with more trading supporting information, my thoughts and ideas. There is much more to a subscription than those things. Check it all out under the tab HISTORY &amp; PERFORMANCE on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nAlternatively, if you prefer to watch a video recording about the PREMIUM SERVICE, click the link below. You will be directed to a 40-minute webinar presentation entitled “AN INTRODUCTION TO THE PREMIUM SERVICE”.\r\n\r\n<a href=\"http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX\">http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX</a>\r\n\r\nTo subscribe to THE PREMIUM SERVICE, you will require a valid credit card.\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n 	<li><span style=\"font-size: 16pt;\"><strong> THE FINAL SHOTS:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 14pt;\"><u>6:1. WANT A FREE PREMIUM SERVICE SUBSCRIPTION:</u></span>\r\n\r\nIf you like what you have read in this blog and would like the chance to win a FREE SUBSCRIPTION valued at CAD$150.00, all you need to do is subscribe to my FREE NEWSLETTER (this blog), by adding your email address on my welcome page just below my cube logo at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n<span style=\"font-size: 14pt;\"><u>6:2. CLOSING THOUGHTS:</u></span>\r\n\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\nFinally …\r\n\r\nThanks for your support during 2017.\r\n\r\nHappy Christmas and have a great trading year in 2018.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nTwitter: @ThePremService\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #159 THE PREMIUM SERVICE\r\n17th December 2017','THE REALITY TV SHOW IN D.C. ROLLS ON','','inherit','closed','closed','','10680-revision-v1','','','2017-12-16 14:34:34','2017-12-16 19:34:34','',10680,'https://weeklyfxdrivethru.com/10680-revision-v1/',0,'revision','',0),(5874,1,'2015-04-28 13:37:16','2015-04-28 18:37:16','<h1>THE PREMIUM SERVICE\r\nGOLD SUBSCRIBER AREA.</h1>\r\n&nbsp;\r\n\r\n<section class=\"members\">\r\n<h4>Welcome to the PREMIUM SERVICE (GOLD MEMBERSHIP) section of the WEEKLY FX DRIVE THRU.</h4>\r\nThank you for your subscription. I hope that you will find the content inside the PREMIUM SERVICE subscriber section of great use to support your Forex Trading. Inside you will find a library of exclusive content to aid your Forex Trading.\r\n<ul>\r\n	<li>There are copies of the PREMIUM SERVICE versions of my main blog THE WEEKLY FX DRIVE THRU.</li>\r\n	<li>Dates of upcoming webinars.</li>\r\n	<li>Confirmation of the release dates of the WEEKLY FX DRIVE THRU blog.</li>\r\n	<li>Under the TRADING SUMMARIES section there is a complete summary of all the excel spreadsheets that were published in the “WEEKLY” blog that support the PREMIUM SERVICE performance.</li>\r\n	<li>Inside the EDUCATION section everything you need from a FX Glossary to how to read Candlestick charts as well as a full list of Trading Essentials articles from the WEEKLY FX DRIVE THRU.</li>\r\n	<li>Details about one-on-one coaching and mentoring programs.</li>\r\n	<li>Entrance to the Chat Room (coming soon).</li>\r\n	<li>Finally a complete list of my BUSINESS PARTNERS. If you want to partner closer with the PREMIUM SERVICE and wish to avail of my partners services just click on their banner anywhere on my website.</li>\r\n</ul>\r\n<h4>PLEASE NOTE:</h4>\r\nDates of sales presentations and general Forex based seminars with or without my BUSINESS PARTNERS are noted on the welcome page on the WEEKLY FX DRIVE THRU. The appropriate tab is at the top of the welcome page.\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2015-04-28 13:37:16','2015-04-28 18:37:16','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(5875,1,'2015-04-28 13:37:59','2015-04-28 18:37:59','<h1>THE PREMIUM SERVICE\r\nGOLD SUBSCRIBER AREA</h1>\r\n&nbsp;\r\n\r\n<section class=\"members\">\r\n<h4>Welcome to the PREMIUM SERVICE (GOLD MEMBERSHIP) section of the WEEKLY FX DRIVE THRU.</h4>\r\nThank you for your subscription. I hope that you will find the content inside the PREMIUM SERVICE subscriber section of great use to support your Forex Trading. Inside you will find a library of exclusive content to aid your Forex Trading.\r\n<ul>\r\n	<li>There are copies of the PREMIUM SERVICE versions of my main blog THE WEEKLY FX DRIVE THRU.</li>\r\n	<li>Dates of upcoming webinars.</li>\r\n	<li>Confirmation of the release dates of the WEEKLY FX DRIVE THRU blog.</li>\r\n	<li>Under the TRADING SUMMARIES section there is a complete summary of all the excel spreadsheets that were published in the “WEEKLY” blog that support the PREMIUM SERVICE performance.</li>\r\n	<li>Inside the EDUCATION section everything you need from a FX Glossary to how to read Candlestick charts as well as a full list of Trading Essentials articles from the WEEKLY FX DRIVE THRU.</li>\r\n	<li>Details about one-on-one coaching and mentoring programs.</li>\r\n	<li>Entrance to the Chat Room (coming soon).</li>\r\n	<li>Finally a complete list of my BUSINESS PARTNERS. If you want to partner closer with the PREMIUM SERVICE and wish to avail of my partners services just click on their banner anywhere on my website.</li>\r\n</ul>\r\n<h4>PLEASE NOTE:</h4>\r\nDates of sales presentations and general Forex based seminars with or without my BUSINESS PARTNERS are noted on the welcome page on the WEEKLY FX DRIVE THRU. The appropriate tab is at the top of the welcome page.\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2015-04-28 13:37:59','2015-04-28 18:37:59','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(5876,1,'2015-04-29 05:01:45','2015-04-29 10:01:45','<h2>EARN THE EQUIVALENT OF US$295.00 PER REFERRAL</h2>\nMany existing subscribers have written to me telling me that they have mentioned the PREMIUM SERVICE and the added value that it offers, when speaking to their circles of friends or fellow traders.\n\nI have of course been extremely grateful for these comments and actions.\n\nI wanted to come through with an incentive to reward those subscribers who refer the PREMIUM SERVICE as it is much appreciated; therefore I have decided to introduce a PREMIUM SERVICE REFERRAL PROGRAMME, this is only available to subscribers of the GOLD MEMBER subscriber level.\n<h4>How does it work?</h4>\nEvery time an existing PREMIUM SERVICE GOLD member subscriber introduces a friend, colleague or fellow trader to the PREMIUM SERVICE, I will add an additional 10 weeks to the referring subscribers membership period. This is the equivalent of a $295.00 value.\n\nThere are no limits to the numbers of those that can be introduced.\n<h4>How to claim your subscription extension</h4>\n<div class=\"kicker-three\">Write to me at\n<div class=\"btn\"><a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a></div>\nprovide me with your details and the name(s) and email address(s) of the person or persons that you have you have introduced.\n\n</div>\nVery simple…very straightforward….very easy.\n\nI will write back to you and confirm your revised subscription expiry date.\n\nScott Pickering\nThe Pip Accumulator\n\nPLEASE NOTE:\n\nThis ios ONLY available on GOLD MEMBER STATUS onl','PREMIUM SERVICE (GOLD SUBSCRIBER) REFERRAL PROGRAMME','','inherit','open','closed','','4193-autosave-v1','','','2015-04-29 05:01:45','2015-04-29 10:01:45','',4193,'https://weeklyfxdrivethru.com/4193-autosave-v1/',0,'revision','',0),(5877,1,'2015-04-29 05:02:10','2015-04-29 10:02:10','<h2>EARN THE EQUIVALENT OF US$295.00 PER REFERRAL</h2>\r\nMany existing subscribers have written to me telling me that they have mentioned the PREMIUM SERVICE and the added value that it offers, when speaking to their circles of friends or fellow traders.\r\n\r\nI have of course been extremely grateful for these comments and actions.\r\n\r\nI wanted to come through with an incentive to reward those subscribers who refer the PREMIUM SERVICE as it is much appreciated; therefore I have decided to introduce a PREMIUM SERVICE REFERRAL PROGRAMME, this is only available to subscribers of the GOLD MEMBER subscriber level.\r\n<h4>How does it work?</h4>\r\nEvery time an existing PREMIUM SERVICE GOLD member subscriber introduces a friend, colleague or fellow trader to the PREMIUM SERVICE, I will add an additional 10 weeks to the referring subscribers membership period. This is the equivalent of a $295.00 value.\r\n\r\nThere are no limits to the numbers of those that can be introduced.\r\n<h4>How to claim your subscription extension</h4>\r\n<div class=\"kicker-three\">Write to me at\r\n<div class=\"btn\"><a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a></div>\r\nprovide me with your details and the name(s) and email address(s) of the person or persons that you have you have introduced.\r\n\r\n</div>\r\nVery simple…very straightforward….very easy.\r\n\r\nI will write back to you and confirm your revised subscription expiry date.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nThis is ONLY available on GOLD MEMBER STATUS.','PREMIUM SERVICE (GOLD SUBSCRIBER) REFERRAL PROGRAMME','','inherit','open','closed','','4193-revision-v1','','','2015-04-29 05:02:10','2015-04-29 10:02:10','',4193,'https://weeklyfxdrivethru.com/4193-revision-v1/',0,'revision','',0),(5909,1,'2015-05-01 16:17:00','2015-05-01 21:17:00','','CURRENCY CORRELATION EXPLAINED','','inherit','open','closed','','currency-correlation-explained','','','2015-05-02 12:42:12','2015-05-02 17:42:12','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/CURRENCY-CORRELATION-EXPLAINED.pdf',0,'attachment','application/pdf',0),(5916,1,'2015-05-02 12:42:25','2015-05-02 17:42:25','<section class=\"pdf-links\">\r\n<div class=\"one-third first\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/STEPS-TO-TAKE-WHEN-FACED-WITH-STRESSFUL-FOREX-SITUATIONS.pdf\">STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRADING-HABITS-THAT-WILL-HELP-YOU-MANAGE-YOUR-OPEN-POSITIONS.pdf\">TRADING HABITS THAT WILL HELP YOU MANAGE YOUR OPEN POSITIONS</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf\">SEVERAL WAYS TO OVERCOME TRADING BURNOUT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/HOW-YOUR-PHYSICAL-WELL-BEING-AFFECTS-YOUR-FX-TRADING.pdf\">HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FX TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/5-OF-THE-WORST-EXCUSES-TO-NOT-START-TRADING.pdf\">5 OF THE WORST EXCUSES TO NOT START TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/MY-APPROACH-ON-POSITION-SIZING.pdf\">MY APPROACH ON POSITION SIZING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/8-QUICK-REMINDERS-BEFORE-MAKING-YOUR-2015-TRADING-GOALS.pdf\">8 QUICK REMINDERS BEFORE MAKING YOUR 2015 TRADING GOALS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/IDEAS-THAT-MAYBE-YOU-SHOULD-ADD-TO-YOUR-FOREX-TRADING-RESOLUTIONS.pdf\">IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/POSITION-SIZING...TIPS-ON-HOW-TO-AVOID-RISKING-TOO-MUCH.pdf\">POSITION SIZING...TIPS ON HOW TO AVOID RISKING TOO MUCH</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/HOW-TO-PLAN-YOUR-FOREX-TRADE-EXITS.pdf\">HOW TO PLAN YOUR FOREX TRADE EXITS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/THE-5-MOST-COMMON-MISTAKES-NEWBIE-TRADERS-MAKE.pdf\">THE 5 MOST COMMON MISTAKES NEWBIE TRADERS MAKE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-CRITICAL-SUCCESS-FACTORS-YOU-NEED-TO-BECOME-A-SUCCESSFUL-TRADER.pdf\">THE CRITICAL SUCCESS FACTORS YOU NEED TO BECOME A SUCCESSFUL TRADER</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FOUR-PSYCHOLOGICAL-PITFALLS-THAT-WILL-BLOW-YOUR-ACCOUNT.pdf\">FOUR PSYCHOLOGICAL PITFALLS THAT WILL BLOW YOUR ACCOUNT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-MOST-OVERLOOKED-RISKS-IN-TRADING-AND-HOW-TO-ADDRESS-THEM.pdf\">THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/HOW-MUCH-TRADING-CAPITAL-DO-YOU-NEED-FOR-FOREX-TRADING.pdf\">HOW MUCH TRADING CAPITAL DO YOU NEED FOR FOREX TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/CURRENCY-CORRELATION-EXPLAINED.pdf\">CURRENCY CORRELATION EXPLAINED</a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2015-05-02 12:42:25','2015-05-02 17:42:25','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(6368,16,'2015-08-11 11:08:26','2015-08-11 16:08:26','<h2>THE WEEKLY FX DRIVE-THRU\nPREMIUM SERVICE</h2>\n<h3>VIEWS AND COMMENTS IN THIS BLOG:</h3>\n<p>All the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\n</p>\n<h3>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</h3>\n<p>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, www.weeklyfxdrivethru.com will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\n</p>\n<h3>TRADING &amp; PERFORMANCES DISCLAIMER:</h3>\n<p>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.</p>','Disclaimer','','inherit','open','closed','','2781-autosave-v1','','','2015-08-11 11:08:26','2015-08-11 16:08:26','',2781,'https://weeklyfxdrivethru.com/2781-autosave-v1/',0,'revision','',0),(6369,16,'2015-08-11 11:08:28','2015-08-11 16:08:28','<h2>THE WEEKLY FX DRIVE-THRU\r\nPREMIUM SERVICE</h2>\r\n<h3>VIEWS AND COMMENTS IN THIS BLOG:</h3>\r\n<p>All the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n</p>\r\n<h3>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</h3>\r\n<p>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, www.weeklyfxdrivethru.com will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n</p>\r\n<h3>TRADING &amp; PERFORMANCES DISCLAIMER:</h3>\r\n<p>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.</p>','Disclaimer','','inherit','open','closed','','2781-revision-v1','','','2015-08-11 11:08:28','2015-08-11 16:08:28','',2781,'https://weeklyfxdrivethru.com/2781-revision-v1/',0,'revision','',0),(6545,1,'2015-10-02 05:08:24','2015-10-02 10:08:24','','STAIR STEPPING STOP PROTECTION','','inherit','open','closed','','stair-stepping-stop-protection','','','2015-10-02 05:10:17','2015-10-02 10:10:17','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/10/STAIR-STEPPING-STOP-PROTECTION.pdf',0,'attachment','application/pdf',0),(6546,1,'2015-10-02 05:10:27','2015-10-02 10:10:27','<section class=\"pdf-links\">\r\n<div class=\"one-third first\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/STEPS-TO-TAKE-WHEN-FACED-WITH-STRESSFUL-FOREX-SITUATIONS.pdf\">STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRADING-HABITS-THAT-WILL-HELP-YOU-MANAGE-YOUR-OPEN-POSITIONS.pdf\">TRADING HABITS THAT WILL HELP YOU MANAGE YOUR OPEN POSITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/10/STAIR-STEPPING-STOP-PROTECTION.pdf\">STAIR STEPPING STOP PROTECTION</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf\">SEVERAL WAYS TO OVERCOME TRADING BURNOUT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/HOW-YOUR-PHYSICAL-WELL-BEING-AFFECTS-YOUR-FX-TRADING.pdf\">HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FX TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/5-OF-THE-WORST-EXCUSES-TO-NOT-START-TRADING.pdf\">5 OF THE WORST EXCUSES TO NOT START TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/MY-APPROACH-ON-POSITION-SIZING.pdf\">MY APPROACH ON POSITION SIZING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/8-QUICK-REMINDERS-BEFORE-MAKING-YOUR-2015-TRADING-GOALS.pdf\">8 QUICK REMINDERS BEFORE MAKING YOUR 2015 TRADING GOALS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/IDEAS-THAT-MAYBE-YOU-SHOULD-ADD-TO-YOUR-FOREX-TRADING-RESOLUTIONS.pdf\">IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/POSITION-SIZING...TIPS-ON-HOW-TO-AVOID-RISKING-TOO-MUCH.pdf\">POSITION SIZING...TIPS ON HOW TO AVOID RISKING TOO MUCH</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/HOW-TO-PLAN-YOUR-FOREX-TRADE-EXITS.pdf\">HOW TO PLAN YOUR FOREX TRADE EXITS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/THE-5-MOST-COMMON-MISTAKES-NEWBIE-TRADERS-MAKE.pdf\">THE 5 MOST COMMON MISTAKES NEWBIE TRADERS MAKE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-CRITICAL-SUCCESS-FACTORS-YOU-NEED-TO-BECOME-A-SUCCESSFUL-TRADER.pdf\">THE CRITICAL SUCCESS FACTORS YOU NEED TO BECOME A SUCCESSFUL TRADER</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FOUR-PSYCHOLOGICAL-PITFALLS-THAT-WILL-BLOW-YOUR-ACCOUNT.pdf\">FOUR PSYCHOLOGICAL PITFALLS THAT WILL BLOW YOUR ACCOUNT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-MOST-OVERLOOKED-RISKS-IN-TRADING-AND-HOW-TO-ADDRESS-THEM.pdf\">THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/HOW-MUCH-TRADING-CAPITAL-DO-YOU-NEED-FOR-FOREX-TRADING.pdf\">HOW MUCH TRADING CAPITAL DO YOU NEED FOR FOREX TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/CURRENCY-CORRELATION-EXPLAINED.pdf\">CURRENCY CORRELATION EXPLAINED</a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>','Trading Essentials','','inherit','closed','closed','','2538-revision-v1','','','2015-10-02 05:10:27','2015-10-02 10:10:27','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(10633,1,'2017-12-15 11:38:17','2017-12-15 16:38:17','','BUY ONE GET ONE FREE 15122017','','inherit','open','closed','','buy-one-get-one-free-15122017','','','2017-12-15 11:40:33','2017-12-15 16:40:33','',4984,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/BUY-ONE-GET-ONE-FREE-15122017.png',0,'attachment','image/png',0),(9301,1,'2017-03-25 08:32:55','2017-03-25 13:32:55','','AUDUSD D 26032017','','inherit','open','closed','','audusd-d-26032017','','','2017-03-25 09:15:48','2017-03-25 14:15:48','',9311,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/AUDUSD-D-26032017.png',0,'attachment','image/png',0),(9302,1,'2017-03-25 08:33:06','2017-03-25 13:33:06','','EURUSD D 26032017','','inherit','open','closed','','eurusd-d-26032017','','','2017-03-25 09:15:24','2017-03-25 14:15:24','',9311,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/EURUSD-D-26032017.png',0,'attachment','image/png',0),(9303,1,'2017-03-25 08:33:18','2017-03-25 13:33:18','','GBPUSD D 26032017','','inherit','open','closed','','gbpusd-d-26032017','','','2017-03-25 09:15:36','2017-03-25 14:15:36','',9311,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/03/GBPUSD-D-26032017.png',0,'attachment','image/png',0),(10389,1,'2017-11-11 07:58:03','2017-11-11 12:58:03','','ECON DATA 12112017','','inherit','open','closed','','econ-data-12112017','','','2017-11-11 08:01:20','2017-11-11 13:01:20','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/ECON-DATA-12112017.png',0,'attachment','image/png',0),(10369,1,'2017-11-10 17:01:47','2017-11-10 22:01:47','','TCHART 12112017','','inherit','open','closed','','tchart-12112017','','','2017-11-11 08:01:46','2017-11-11 13:01:46','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/TCHART-12112017.png',0,'attachment','image/png',0),(10373,1,'2017-11-10 17:02:09','2017-11-10 22:02:09','','MKT SENTIMENT 12112017','','inherit','open','closed','','mkt-sentiment-12112017','','','2017-11-11 08:05:50','2017-11-11 13:05:50','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/MKT-SENTIMENT-12112017.png',0,'attachment','image/png',0),(10380,1,'2017-11-10 17:10:19','2017-11-10 22:10:19','','AUDUSD D 12112017','','inherit','open','closed','','audusd-d-12112017','','','2017-11-11 08:02:26','2017-11-11 13:02:26','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/AUDUSD-D-12112017.png',0,'attachment','image/png',0),(10381,1,'2017-11-10 17:10:28','2017-11-10 22:10:28','','EURUSD D 12112017','','inherit','open','closed','','eurusd-d-12112017','','','2017-11-11 08:02:09','2017-11-11 13:02:09','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/EURUSD-D-12112017.png',0,'attachment','image/png',0),(10382,1,'2017-11-10 17:10:32','2017-11-10 22:10:32','','GBPUSD D 12112017','','inherit','open','closed','','gbpusd-d-12112017','','','2017-11-11 08:02:18','2017-11-11 13:02:18','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/GBPUSD-D-12112017.png',0,'attachment','image/png',0),(10383,1,'2017-11-10 17:10:34','2017-11-10 22:10:34','','JPN225 - USDJPY 12112017','','inherit','open','closed','','jpn225-usdjpy-12112017','','','2017-11-11 08:04:25','2017-11-11 13:04:25','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/JPN225-USDJPY-12112017.png',0,'attachment','image/png',0),(10384,1,'2017-11-10 17:10:36','2017-11-10 22:10:36','','NZDUSD D 12112017','','inherit','open','closed','','nzdusd-d-12112017','','','2017-11-11 08:02:36','2017-11-11 13:02:36','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/NZDUSD-D-12112017.png',0,'attachment','image/png',0),(10385,1,'2017-11-10 17:10:39','2017-11-10 22:10:39','','USDCAD D 12112017','','inherit','open','closed','','usdcad-d-12112017','','','2017-11-11 08:02:45','2017-11-11 13:02:45','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCAD-D-12112017.png',0,'attachment','image/png',0),(10386,1,'2017-11-10 17:10:45','2017-11-10 22:10:45','','USDCHF D 12112017','','inherit','open','closed','','usdchf-d-12112017','','','2017-11-11 08:02:53','2017-11-11 13:02:53','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCHF-D-12112017.png',0,'attachment','image/png',0),(10387,1,'2017-11-10 17:10:49','2017-11-10 22:10:49','','USDJPY D 12112017','','inherit','open','closed','','usdjpy-d-12112017','','','2017-11-11 08:03:01','2017-11-11 13:03:01','',10388,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDJPY-D-12112017.png',0,'attachment','image/png',0),(6869,16,'2015-11-27 14:19:57','2015-11-27 19:19:57','<h4>PIP PERFORMANCE</h4>\r\n<section class=\"clearfix\">\r\n<h2>2018 v 2017<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018-1024x815.png\" alt=\"\" width=\"1024\" height=\"815\" /></a></h2>\r\n<h2>2017 v 2016\r\n<img class=\"alignnone size-large wp-image-10716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PIP-COMPARISON-2017-COMPLETE-1024x813.png\" alt=\"\" width=\"1024\" /></h2>\r\n<h2>2016 v 2015\r\n<img class=\"alignnone wp-image-8816\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE-1024x615.png\" alt=\"\" width=\"1024\" /></h2>\r\n<h2>2015 v 2014\r\n<img class=\"alignnone 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=\"1024\" /></h2>\r\n</section>','PIP PERFORMANCE YEAR by YEAR COMPARISONS','','publish','closed','closed','','6869-2','','','2018-02-28 15:59:44','2018-02-28 20:59:44','',0,'https://weeklyfxdrivethru.com/?page_id=6869',0,'page','',0),(10812,16,'2018-01-18 14:45:04','2018-01-18 19:45:04','<h4>PIP PERFORMANCE</h4>\r\n<section class=\"clearfix\">\r\n\r\n<h2>2018 v 2017</h2>\r\n\r\n\r\n<h2>2017 v 2016\r\n<img class=\"alignnone size-large wp-image-10716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PIP-COMPARISON-2017-COMPLETE-1024x813.png\" alt=\"\" width=\"1024\"  /></h2>\r\n\r\n\r\n<h2>2016 v 2015\r\n<img class=\"alignnone wp-image-8816\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE-1024x615.png\" alt=\"\" width=\"1024\" /></h2>\r\n\r\n\r\n<h2>2015 v 2014\r\n<img class=\"alignnone 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=\"1024\" /></h2>\r\n\r\n</section>','PIP PERFORMANCE YEAR by YEAR COMPARISONS','','inherit','closed','closed','','6869-revision-v1','','','2018-01-18 14:45:04','2018-01-18 19:45:04','',6869,'https://weeklyfxdrivethru.com/6869-revision-v1/',0,'revision','',0),(10811,16,'2018-01-18 14:42:58','2018-01-18 19:42:58','<h4>PIP PERFORMANCE</h4>\r\n<section class=\"clearfix\">\r\n\r\n<h2>2018 v 2017</h2>\r\n\r\n\r\n<h2>2017 v 2016\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PIP-COMPARISON-2017-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-10716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PIP-COMPARISON-2017-COMPLETE-1024x813.png\" alt=\"\" width=\"1024\" height=\"813\" /></a></h2>\r\n\r\n\r\n<h2>2016 v 2015</h2>\r\n<img class=\"alignnone wp-image-8816\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE-1024x615.png\" alt=\"\" width=\"1024\" />\r\n\r\n\r\n<h2>2015 v 2014</h2>\r\n<img class=\"alignnone 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=\"1024\" />\r\n\r\n</section>','PIP PERFORMANCE YEAR by YEAR COMPARISONS','','inherit','closed','closed','','6869-revision-v1','','','2018-01-18 14:42:58','2018-01-18 19:42:58','',6869,'https://weeklyfxdrivethru.com/6869-revision-v1/',0,'revision','',0),(10695,1,'2017-12-19 07:38:00','2017-12-19 12:38:00','','Screen Shot 2017-12-19 at 8.30.04 AM','','inherit','open','closed','','screen-shot-2017-12-19-at-8-30-04-am','','','2017-12-19 07:51:11','2017-12-19 12:51:11','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.04-AM.png',0,'attachment','image/png',0),(10696,1,'2017-12-19 07:38:05','2017-12-19 12:38:05','','Screen Shot 2017-12-19 at 8.30.19 AM','','inherit','open','closed','','screen-shot-2017-12-19-at-8-30-19-am','','','2017-12-19 07:51:25','2017-12-19 12:51:25','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.19-AM.png',0,'attachment','image/png',0),(10697,1,'2017-12-19 07:38:09','2017-12-19 12:38:09','','Screen Shot 2017-12-19 at 8.30.57 AM','','inherit','open','closed','','screen-shot-2017-12-19-at-8-30-57-am','','','2017-12-19 07:49:53','2017-12-19 12:49:53','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.57-AM.png',0,'attachment','image/png',0),(10698,1,'2017-12-19 07:38:11','2017-12-19 12:38:11','','Screen Shot 2017-12-19 at 8.26.52 AM','','inherit','open','closed','','screen-shot-2017-12-19-at-8-26-52-am','','','2017-12-19 07:49:11','2017-12-19 12:49:11','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.26.52-AM.png',0,'attachment','image/png',0),(10699,1,'2017-12-19 07:38:15','2017-12-19 12:38:15','','Screen Shot 2017-12-19 at 8.27.13 AM','','inherit','open','closed','','screen-shot-2017-12-19-at-8-27-13-am','','','2017-12-19 07:49:19','2017-12-19 12:49:19','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.27.13-AM.png',0,'attachment','image/png',0),(10700,1,'2017-12-19 07:38:17','2017-12-19 12:38:17','','Screen Shot 2017-12-19 at 8.28.45 AM','','inherit','open','closed','','screen-shot-2017-12-19-at-8-28-45-am','','','2017-12-19 07:49:27','2017-12-19 12:49:27','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.28.45-AM.png',0,'attachment','image/png',0),(10794,1,'2018-01-18 13:56:01','2018-01-18 18:56:01','<strong>\r\n</strong>\r\n<ol>\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE OPENING SHOT:</strong></span></li>\r\n</ol>\r\nIt’s back (THE DRIVE THRU) and I am back!\r\n\r\nWelcome to the first “DRIVE THRU” blog of 2018.\r\n\r\nI have been at my screens for about the last 6/7 trading days and although I am “full-time”, I am gradually easing myself back to full speed.\r\n\r\nOver the Christmas break, in addition to TV bingeing, the odd drop of wine, Jack Daniels and entertaining guests, I spent time looking at my screens checking levels on both weekly and monthly charts so that I could formulate my Q1 and Q2 longer-term position trades into my H1 TRADE PLAN.\r\n\r\nOf mice and men all the best laid plans…\r\n\r\n(My mother was Scottish and she would often say “The best laid schemes o’ Mice an” Men…quoting Rabbie Burns, The Baird of Ayrshire).\r\n\r\nGood God, education in my blog…..!\r\n\r\nAnyway, of mice and men etc…\r\n\r\nLast Wednesday was a big day for FX from my perspective, there was a lot to take in and digest.\r\n\r\nHowever, on Friday…\r\n\r\n“Oops I Did It Again”, another heavily witnessed TRUMP gaffe.\r\n\r\nDespite his claims, you just know he said what he is quoted as saying because following the headlines he selected an area he didn’t say it about and focusses on that. Let me elaborate….\r\n\r\nHe singled out African countries and Africa as a SHITHOLE. He then tweets about it by saying I never said that or used that language about Haiti. He picks a different area to focus on. Now, I wasn’t there but this defence he uses is standard deflection from the narrative to try and take the heat off. He must think we are all a gang of fecking idiots not to see he does the same thing over and over again. Will he get a censure? God knows. Will it stop him? God knows. In the grand scheme of things, he probably couldn’t give a rat’s ass.\r\n\r\nAnyhow the “SHITHOLE” comments just encouraged more sellers of the USD into the market and on Friday afternoon there was basically an exodus. The USD is in the “SHITHOLE” never mind anything else. Next week will be very interesting.\r\n\r\nHowever, prior to this which took place on Friday last week…\r\n\r\nLast Wednesday, some macro news involving China reviewing its policy of holding US Debt, certainly placed the cat amongst the pigeons, or as my wife and I prefer as an alternative, it’s like placing Ozzy (Our boy Labrador almost 7 years old, but still a puppy) in a Pet Shop with dog treats on low level shelving. Give him 5 minutes alone, and brace yourself for the outcome -  if you have a Labrador, you will understand.\r\n\r\nI digress…\r\n\r\nBack on track…\r\n\r\nThe move by China, was in fact maybe NOT 100% accurate. Was it all nothing more than posturing?\r\n\r\nThe State Administration of Foreign Exchange (SAFE), which is China’s FX Manager, 24 hours after BLOOMBERG news broke the headline, retorted;” In our opinion, the news may have quoted the wrong source of information, or it may be false news”\r\n\r\nWell there you have it… clear as fecking mud. “Maybe this, maybe that, maybe my fecking arse!!”\r\n\r\nHowever, the news was believed and still is today to some extent by the markets. For good measure on the same day we also had a JPY short squeeze. This was on the back of the BOJ making a change in its monetary policy, by announcing that it is reducing the amount of long-term bonds it is buying.\r\n\r\nThe upshot of this was, it affected a lot of my open trades. You can imagine my thoughts… here we go again etc.\r\n\r\nSo, mid-morning last Wednesday I started to look at my H1 strategy looking to re-think my attitude to RISK moving forward. Not a major re-think but a bit more thought on the amount I want to have at RISK.\r\n\r\nDid it end there last Wednesday?\r\n\r\nOf course, not… in for a penny in for a pound!\r\n\r\nOne of my CORE POSITIONS for 2018 was blown out of the water with a 400-pip loss across 4 trades; the CAD.\r\n\r\nThe same day, but now my afternoon, a Canadian source close to the CAD negotiators was quoted as stating that the CAD negotiators felt that the TRUMP administration were about to withdraw from the NAFTA agreement. Jesus, Mary and Joseph another damn vicious spike and drop. Luckily, I only took a 400-pip hit it could have been much worse. I was on a webinar at the time and saw the move light up. I exited everything CAD in a matter of moments.\r\n\r\nAt the time, I wondered had I been too hasty closing all trades. Had I not intervened, stops with USD/CAD trades would have been taken, but CAD/CHF and CAD/JPY I could have left. I reacted very fast and quickly took the view that as the CAD/JPY was upside down anyhow as a result of the BOJ change in policy, and that was my biggest loss to cover my entire CAD exposure. I saw the words NAFTA on Tweet deck. The move for a NAFTA withdraw could be 200-300 pips of CAD weakness in my opinion… cut and run, head for the hills for me.\r\n\r\nSo; it felt as if my turkey hadn’t even fully digested and we were off again, with more FX volatility over “FAKE NEWS!” 2018 started where 2017 had left off.\r\n\r\nNAFTA news DENIED by the White House. China news gets a guarded DENIAL from the Chinese authorities. What can you do? All I could do was focus on the JPY strength as that was REAL BOJ NEWS!\r\n\r\nIronically, my iTunes was playing a Neil Young song from the album Time Fades Away, titled “Don’t Be Denied”. How fitting given all the denials!\r\n\r\nI never had the BOJ changing monetary policy in my plans for 2018 at all. My initial thoughts in hearing the change of policy were: -\r\n<ol>\r\n 	<li>The “BUY THE DIP” mentality with equities may not be a full-time feature of US equities moving forward, especially with an ever-closer looming trade war with China.</li>\r\n 	<li>USD/JPY below 108.00.</li>\r\n 	<li>Sell JPY across the board especially AUD/JPY and EUR/JPY.</li>\r\n</ol>\r\nIn the first week of trading in 2018, FX traders were thrown 3 curve balls. If I had any thoughts it would be a sleepy city start to 2018, dream on.\r\n\r\nMoving on…\r\n\r\nIf that was not enough to contend with, TRUMP did it again.\r\n\r\nI have updated a few sections within this blog and once again had a review of the content and my focus group on exactly what I want to deliver via this blog.\r\n\r\nVery simply put, it is Market commentary on the FX market, from mostly a Fundamental viewpoint and of course it is delivered in my own words, my own thoughts and my own views in my own style.\r\n\r\nMy goal is to hope that readers who are not subscribers to the PREMIUM SERVICE like my approach and make the leap of faith and subscribe. The blog is a selling tool but it is also a vehicle that that allows me to take a step back and focus in a structured way on what is on the horizon.\r\n\r\nTo complete this section, this week…\r\n\r\n“BUY ONE GET ONE FREE”\r\n\r\nWith a new trading year just starting, there is another target of 10,000 pips for me to beat in 2018. I have launched a PREMIUM SERVICE promotion called, “BUY ONE GET ONE FREE” which is available until January 31st, 2018.\r\n\r\nThe details of the “BUY ONE GET ONE FREE” promotion can be found on my home page under the TAB “PROMOTIONS”.\r\n\r\nI would point out that with the PROMOTION for CAD$800.00 you will have a one year complete subscription and hopefully be part of the 10,000 pips haul this year.\r\n<ol start=\"2\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE TRADING LAST WEEK:</strong></span></li>\r\n</ol>\r\n<u>PREMIUM SERVICE PERFORMANCE YEAR TO DATE:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/PS-SUMMARY-13012018.png\"><img class=\"aligncenter size-large wp-image-10761\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/PS-SUMMARY-13012018-1024x878.png\" alt=\"\" width=\"1024\" height=\"878\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> THIS WEEK’S OVERVIEW and OPPORTUNITIES:</strong></span></li>\r\n</ol>\r\n<u>\r\n3:1. THIS WEEK’S ECONOMIC DATA RELEASES:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/ECON-DATA-13012018.png\"><img class=\"aligncenter size-large wp-image-10750\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/ECON-DATA-13012018-1024x821.png\" alt=\"\" width=\"1024\" height=\"821\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3:2. MY THOUGHTS ON HOW TO TRADE THIS WEEK:</u>\r\n\r\nThe prime piece of data on the agenda this week that has caught my eye, from a MUST TRADE perspective:\r\n\r\n<u>CAD: BOC Interest Rate Decision and the Stephen Poloz Press Conference:</u>\r\n\r\nMake no mistake about it, this is a biggie.\r\n\r\nWe have most if not all of the Canadian Banks looking for an interest rate hike this week. Not for one minute do I believe their interest is based around the Canadian Economy. These institutions in Canada are NOT like what they are around the rest of the globe. They couldn’t give a crap about responsibility they are “FEE INCOME” focused and a rate hike loosens the strings to enable them to get more creative in fees and in so doing enhance their bottom lines.\r\n\r\nYou also have to consider from the BOC perspective that they must keep a margin in interest rate policy in line with of the USA. The FED are raising perhaps 3 times in 2018, Poloz cannot afford for the gap to widen.\r\n\r\nThe curve ball of NAFTA has been thrown on the table. If the US decides to withdraw they have to give six months’ notice in writing despite what TRUMP says. Even then, the negotiations can still go on. So, it’s not as black and white as TRUMP would have us all believe.\r\n\r\nCanadian Household debt is the highest of the G10 and at record levels. Banks in Canada have said its nothing to worry about, well they would say that wouldn’t they!\r\n\r\nThe BOC do NOT like this.\r\n\r\nGiven interest rate margins vis-à-vis the US and Household Debt, I can see the BOC raising, killing two birds with one stone, so to speak.\r\n\r\nIt will be about the language in the statement regarding clues on more rate hikes in 2018 that will really set the fire under the CAD. We have a Press Conference as well. It is a bit of “A Chaps In The City” approach, not as bad as the RBNZ, but Poloz is not as guarded on language as Mario Draghi so we will need to follow this as well.\r\n\r\nIf they (BOC) do not raise rates the USD/CAD will be back at 1.2900 very quickly. If they do raise rates, the BOC has gotten great bang for its buck in the past on rate hikes in 2017, circa. $0.04 cents per 0.25% hike!\r\n\r\nSo, with that said what I am thinking…?\r\n\r\nThe first issue is the “SHITHOLE” fallout. Buckets load of USD were sold on Friday afternoon into the close of the week. Usually, I would say that there should be a pullback because across many, many pair we are grossly over bought / oversold and the DXY is oversold.\r\n\r\nSo, at the start of the trading week be prepared. It all depends on how this story progresses over the weekend. The DXY could go extreme lower and then the snap back could be vicious.\r\n\r\nIt is impossible to say what the reaction will be at next week’s open and trading will be very thin.\r\n\r\nMoving on…\r\n\r\nObviously, the CAD will be a currency to focus on. My hopes are that we get a spike that I can short into. I will probably layer in limit orders for spikes on USD/CAD.\r\n\r\nGiven the BOJ news I am not going to look to trade the CAD/JPY even though there is a nice potentially well-paying Head and Shoulders pattern available. I am set up with NZD/CAD already and if I were to add another pair to the suggested ones it would be either EUR/CAD or GBP/CAD. I will decide nearer to Wednesday.\r\n\r\nAUD jobs data is the same day as the BOC therefore I would probably not consider the AUD on the back of the CAD data.\r\n\r\nI think the currency to focus on this week is probably the JPY. We have actually confirmed news from the BOJ that affects their monetary policy stance moving forward.\r\n\r\nThe USD itself, I have been shying away from a little given TRUMP and his nonsense. When you have the USD weakening across the board it does make it harder to choose the JPY cross to single out apart from the USD/JPY itself.\r\n\r\nI would be looking at the commodity crosses especially the AUD/JPY, NOK/JPY and NZD/JPY. In addition, the EUR/JPY should NOT be ignored.\r\n\r\nMy initial thoughts on the back of the BOJ starting to move away from an accommodative approach is USD/JPY to 108.00, probably even a greater unwind.\r\n\r\nSo, selling JPY strength is the trade maybe to focus on this week.\r\n\r\nOn an associated point. Volumes / liquidity are still not brilliant at certain times. The market is transitional at the moment for a variety of reasons.\r\n\r\nI am NOT a believer that the Asian market is good for FX. Liquidity is just getting lower and lower, year by year and the vast majority of times, Asian moves are reversed in Europe if liquidity is poor. European trading offers much better liquidity to give moves that stick and are directional.\r\n\r\nTherefore, here’s a tip. If you are trading, trade only the following times when liquidity will be at its highest: 8.00AM EST to NOON EST. This may not always be possible but it is without doubt the best time to trade.\r\n\r\nIn addition, be extremely careful with cross rates as they will be the first to suffer from the lower liquidity periods in the market.\r\n\r\n&nbsp;\r\n\r\n<u>3:3. USD MAJORS – SUPPORT &amp; RESISTANCE with MY BIAS:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/TCHART-13012018.png\"><img class=\"aligncenter size-full wp-image-10752\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/TCHART-13012018.png\" alt=\"\" width=\"1020\" height=\"886\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3:4. USD – TRADING CHARTS: </u>\r\n\r\nMore often than not I will use DAILY CHARTS for my analysis. My commentary and thoughts for each trading pair are above the charts.\r\n\r\n<strong>\r\n<u>EUR/USD:</u></strong>\r\n\r\nLooks bullish to me, but with a caveat.\r\n\r\nSome major moves took place last Friday in particular. Two pieces of news. The rather HAWKISH ECB minutes last Thursday followed by Merkel progressing well in Germany vis-à-vis her coalition formation.\r\n\r\nCaution…\r\n\r\nWiedmann tried his best to halt the single currencies strength by stating that the path to normalization will be a long, long road. After quoting Tom Petty, the EUR/USD sank a little. I think what we must consider here is that ALL the crosses are moving in tandem.\r\n\r\nObviously looking forward there is strong support at 1.1915 and for me we have to break 1.2200 convincingly to see the bulls get a grip. Maybe the “STITHOLE” comments are that catalyst?\r\n\r\nLooking forward, I think that the EUR/USD will strengthen in 2018, but to quote Tom Petty it will be “A long, long road”, and I do not see too much Free Fallin’ in 2018!\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/EURUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10763\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/EURUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>GBP/USD:</u></strong>\r\n\r\nThunderbirds are go!\r\n\r\nThe Spanish and the Dutch have somewhat broken ranks with the EU27 by stating they think the Brits should have a soft BREXIT.\r\n\r\nGood Lord how much dosh was in that brown paper bag that changed hands? But hang on it was later DENIED!... more FAKE NEWS. The damage was already done as the already perky GBP remained perky.\r\n\r\nThis is a “BUY THE DIP” currency trade in my opinion. The only caveat I have is that always remember as well as good BREXIT news, this pair is always seconds away from a 100 drop on bad BREXIT news.\r\n\r\nThe Cup and Handle pattern on the chart below is in play.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/GBPUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10764\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/GBPUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>AUD/USD:</u></strong>\r\n\r\nWe are in triangle pattern and this pair is up against trend line resistance. My thoughts are that it will push stops and then fall back.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/AUSUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10762\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/AUSUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>NZD/USD:</u></strong>\r\n\r\nAt the moment, this pair is screwing with longer-term strategy. It is in an ascending wedge pattern it has exposed itself beyond trend line resistance and fell back. But, it has not fallen back as strongly as I had thought it would. This probably has more to do with a weak USD than it has with a strong NZD.\r\n\r\nThat aside, it is well over bought and I think it will eventually turn lower.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/NZDUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10765\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/NZDUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CAD:</u></strong><strong>\r\n</strong>\r\nI have written a lot about this pair. Fundamentally I believe its path is lower towards 1.2000 and even lower this year.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCAD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10766\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCAD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CHF:</u></strong>\r\n\r\nI can see this pair at 0.9450 or even lower if the single currency really breaks higher towards 1.3000.\r\n\r\nFor now, we should look at trend lows of circa.9700, maybe back to the 61.8% Fibonacci level at 0.9650.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCHF-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10767\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCHF-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/JPY:</u></strong><u>\r\n</u>\r\nThe JPY is the currency to keep a close eye on moving forward. Below 110.80 it could turn nasty for this pair and cascade lower towards my initial target of 108.00.\r\n\r\nThe BOJ adjusting monetary policy is huge and definitive news not FAKE that we as traders can work with. There is no need to rush at this as 2018 could be the year that the BOJ starts a lot of unwinding. Very interesting times and lots of pips up for grabs in my opinion.\r\n\r\nI am viewing this currency as a bonus in 2018. As far as I was concerned trading the JPY in 2018 was going to be a none event. That plan has now changed.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDJPY-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10768\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDJPY-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE SUBSCRIBERS ONLY:</strong></span></li>\r\n</ol>\r\n(Only SUBSCRIBERS to the PREMIUM SERVICE can view this section of the BLOG)\r\n\r\n<u>4:1. TRADING REVIEW:</u>\r\n\r\nNot exactly what I had expected 2018 to start like.\r\n\r\nTrading the FX market is certainly a challenge at times. Fundamentally, I know what I want to trade and roughly what I want by way of RISK to accommodate and approximate exits. The entries are relatively straightforward, I still believe confluences of buyers and sellers or Fibonacci levels offer up the best positions to start from.\r\n\r\nThere is a plan…\r\n\r\nWhy therefore in the name of sanity with all the strategy planning done over the Christmas holiday period am I starting the year after one week in a negative period?\r\n\r\nBad luck?\r\n\r\nSome of it is poor luck. 390 pips of losses surrounding the CAD regarding NAFTA. Another 180 pips or thereabouts were attributed to trades I closed that I wasn\'t 100% about around the time of NON-Farm Payrolls and naturally coincided with the “Bomb Cyclone” weather storm that hit Atlantic Canada and took out our power for over 12 hours. Combined those events total 570 pips.\r\n\r\nThe rest, being self-critical, can be put down to poor decisions on stop placements, lack of discipline and over confidence. Or, as a seasoned trader I like to call it “NORMALITY and BEING HUMAN”\r\n\r\nSeriously though, losses are as much a part of day to day trading as taking profits.\r\n\r\nThose of you who have been with me for over a couple of years or so, whether individually or with one of my two consortiums will know that I am NOT in any way shape or form a scalper trader. In fact, several of you do not even think I enjoy day trading too much, unless I can see the option of a swing trade!  Last Thursday, I did FLASH TRADE 4 x JPY trades for c.140 pips. To be honest they were more like RADAR TRADES without the limit order entry but still a day trade! I will do more of these in 2018.\r\n\r\nThe JPY is a real bonus for me. I had not even considered it for 2018 given the stale BOJ policy. That has now changed and I will be looking most days for JPY trades moving forward. At least JPY trades will be based on real news.\r\n\r\n<u>\r\n</u><u>4:2. SENTIMENT CHART,</u><u> FUNDAMENTAL &amp; MACRO THOUGHTS</u><u>:</u>\r\n\r\n&nbsp;\r\n\r\nSo; many of you like this segment of the subscriber section because I place down on paper exactly what I am thinking.\r\n\r\nLast Wednesday about 4PM AST my exact thoughts were WTF!\r\n\r\nMoving on…\r\n\r\nMy fundamental views have not altered. I am still bearish CAD and NZD.\r\n\r\nWithout doubt the NAFTA deal has “placed Ozzy in the pet shop” but that aside, the BOC has to keep pace with the FED regardless of NAFTA when it comes to rate hikes. Poloz can put lipstick on it next Wednesday at the BOC Press Conference but it’s still a PIG at the end of the day and he has to deal with fallout regardless.\r\n\r\nPrivate debt in Canada is out of control, it\'s the highest in the G10, he has to act. The time for mind games is far gone in my opinion and if he dithers, the buck stops with him.\r\n\r\nI think he will raise rates.\r\n\r\nI have placed limit orders in readiness.\r\n\r\nDIE KIWI DIE…. What a bloody pain in the arse currency! All the key indicators, MACD, Stochastics, RSi etc are all showing stretched overbought conditions.\r\n\r\nI think one of the main issues with the NZD has been the moves with regards to the AUD/NZD. The cross-rate effect of this pair has both helped the AUD and hindered the NZD.\r\n\r\nMoving forward, the NZD/USD is now in a very tight ascending wedge, which should she a very sharp and powerful failure and fall back lower. I still have the John Key level of 0.6500 in mind. If achieved this will place <u>ALL</u> AUD/NZD, EUR/NZD and GBP/NZD trades well in profit. The pip opportunity with these pairs alone in 2018, I believe is potentially more lucrative then the CAD.\r\n\r\nIt’s all about patience and building your positions up the best that you can.\r\n\r\nBeyond the NZD and CAD, I am getting ready for cable. No need to get too excited yet, I need to see some tangible BREXIT data before I get out the party hats and ice up the buckets of Champagne. Being more specific, this will re-define a long-haul trade.\r\n\r\nThe AUD/NZD is a position I will hold basically no matter what. I am prepared for 1.10280-1.0350 if necessary.  It is well funded in its own broker account and I have plenty of scope for huge volatility. This trade is coming up to its three-year birthday.\r\n\r\nThe cable will be multiple pairs, different expectations, different directions and many more issues to consider.\r\n\r\nThe long AUD trade, I am now not so sure about therefore if I am undecided, it is parked for now at least.\r\n\r\nHowever, in horse racing terminology coming up fast on the outside is the JPY. This is a trade option based around the BOJ decision to change policy moving forwards. Is this the start of the great unwind?\r\n\r\nWith both the EUR and JPY coming to the end of dovish policy… Ozzy has his nose pressed hard against the pet shop door ready to get in there and strut his stuff!\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/SENTIMENT-13012018.png\"><img class=\"aligncenter size-large wp-image-10753\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/SENTIMENT-13012018-788x1024.png\" alt=\"\" width=\"788\" height=\"1024\" /></a><u>\r\n</u>\r\n\r\n<u>4:3. TRADING PLANS and LONGER-TERM TRADE SUMMARIES:</u>\r\n\r\n&nbsp;\r\n\r\n<u>4:3.1. MY TRADING PLAN OVERVIEW THIS WEEK:</u>\r\n\r\nMy action plan for the week is: -\r\n<ol>\r\n 	<li>Prepare for BOC by establishing CAD limit orders as required ahead of the Statement release. Decide my TRADE PLAN ahead of the statement, should the meeting raise rates or do nothing.</li>\r\n 	<li>Add to NZD CORE short position. Re-asses total associated RISK and fund broker if required.</li>\r\n 	<li>Establish a strategy into my TRADE PLAN vis-à-vis the JPY. This is now very much a tradeable currency in 2018. For me it is similar to Lazarus coming back from the dead.</li>\r\n</ol>\r\n<u>4:3.2. LONG TERM CORE TRADES SUMMARIES:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LT-POS-13012018.png\"><img class=\"aligncenter size-large wp-image-10751\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LT-POS-13012018-1024x986.png\" alt=\"\" width=\"1024\" height=\"986\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4:4. CURRENT LIVE TRADES &amp; LIMIT ORDERS:</u><u> </u>\r\n\r\nCURRENT LIVE TRADES:\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIVE-TRADES-13012018.png\"><img class=\"aligncenter size-large wp-image-10755\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIVE-TRADES-13012018-1024x560.png\" alt=\"\" width=\"1024\" height=\"560\" /></a>\r\n\r\nCURRENT LIMIT ORDER TRADES:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIMIT-ORDERS-13012018.png\"><img class=\"aligncenter size-large wp-image-10754\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIMIT-ORDERS-13012018-1024x440.png\" alt=\"\" width=\"1024\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4:5. FX BROKER NEWS and MARKET FEEDBACK:</u>\r\n\r\nI have been asked a couple of times what platform do I use for trade charts that I publish on twitter and inside this blog. The answer is cTrader and by coincidence I have added a new FX Broker to the website as one of my recommended ones, to go along with HANTEC MARKETS (London) and VANTAGE FX (Sydney).\r\n\r\nThe new broker is IC MARKETS based in Melbourne, Australia.\r\n\r\nI have been dealing with this company for about 18 months because changes in regulations here in Canada, well Quebec actually where I used to live basically prevented most jurisdictions from operating in the province unless the platform had French content. Even in France it’s all in English!\r\n\r\nThat was one reason to leave Quebec before it implodes. Since “Pasta gate” it just got worse even with laughable commentary from around the world. Quebec is just plain and simple weird.\r\n\r\nGetting back on point…\r\n\r\nI discovered IC MARKETS because of Quebec language laws. They offer MT4 and cTrader platforms, tight spreads, excellent customer service and no slippage.\r\n\r\nIf you want to add another broker click the banner that\'s on most pages of the website and be in the group!\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> THE FINAL SHOTS:</strong></span></li>\r\n</ol>\r\n<u>5:1. WANT A FREE PREMIUM SERVICE SUBSCRIPTION:</u>\r\n\r\nIf you like what you have read in this blog and would like the chance to win a FREE SUBSCRIPTION valued at CAD$150.00, all you need to do is subscribe to my FREE NEWSLETTER (this blog), by adding your email address on my welcome page just below my cube logo at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n<u>5:2. CLOSING THOUGHTS:</u>\r\n\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\n&nbsp;\r\n\r\nScott Pickering\r\n\r\nThe Pip Accumulator\r\nTwitter: @ThePremService\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #161 PREMIUM SERVICE VERSION\r\nDATE: 13th January 2018','OOPS, I DID IT AGAIN…  TRUMP SENDS USD TO THE SH*THOLE','','inherit','closed','closed','','10769-revision-v1','','','2018-01-18 13:56:01','2018-01-18 18:56:01','',10769,'https://weeklyfxdrivethru.com/10769-revision-v1/',0,'revision','',0),(10747,16,'2018-01-08 10:33:07','2018-01-08 15:33:07','','trade-go120x600','','inherit','open','closed','','trade-go120x600','','','2018-01-08 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13:08:03','',10769,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCAD-D-13012018.png',0,'attachment','image/png',0),(10767,1,'2018-01-13 07:11:14','2018-01-13 12:11:14','','USDCHF D 13012018','','inherit','open','closed','','usdchf-d-13012018','','','2018-01-13 08:08:24','2018-01-13 13:08:24','',10769,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCHF-D-13012018.png',0,'attachment','image/png',0),(10768,1,'2018-01-13 07:11:18','2018-01-13 12:11:18','','USDJPY D 13012018','','inherit','open','closed','','usdjpy-d-13012018','','','2018-01-13 08:08:51','2018-01-13 13:08:51','',10769,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDJPY-D-13012018.png',0,'attachment','image/png',0),(10769,1,'2018-01-13 08:15:09','2018-01-13 13:15:09','<strong>\r\n</strong>\r\n<ol>\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE OPENING SHOT:</strong></span></li>\r\n</ol>\r\nIt’s back (THE DRIVE THRU) and I am back!\r\n\r\nWelcome to the first “DRIVE THRU” blog of 2018.\r\n\r\nI have been at my screens for about the last 6/7 trading days and although I am “full-time”, I am gradually easing myself back to full speed.\r\n\r\nOver the Christmas break, in addition to TV bingeing, the odd drop of wine, Jack Daniels and entertaining guests, I spent time looking at my screens checking levels on both weekly and monthly charts so that I could formulate my Q1 and Q2 longer-term position trades into my H1 TRADE PLAN.\r\n\r\nOf mice and men all the best laid plans…\r\n\r\n(My mother was Scottish and she would often say “The best laid schemes o’ Mice an” Men…quoting Rabbie Burns, The Baird of Ayrshire).\r\n\r\nGood God, education in my blog…..!\r\n\r\nAnyway, of mice and men etc…\r\n\r\nLast Wednesday was a big day for FX from my perspective, there was a lot to take in and digest.\r\n\r\nHowever, on Friday…\r\n\r\n“Oops I Did It Again”, another heavily witnessed TRUMP gaffe.\r\n\r\nDespite his claims, you just know he said what he is quoted as saying because following the headlines he selected an area he didn’t say it about and focusses on that. Let me elaborate….\r\n\r\nHe singled out African countries and Africa as a SHITHOLE. He then tweets about it by saying I never said that or used that language about Haiti. He picks a different area to focus on. Now, I wasn’t there but this defence he uses is standard deflection from the narrative to try and take the heat off. He must think we are all a gang of fecking idiots not to see he does the same thing over and over again. Will he get a censure? God knows. Will it stop him? God knows. In the grand scheme of things, he probably couldn’t give a rat’s ass.\r\n\r\nAnyhow the “SHITHOLE” comments just encouraged more sellers of the USD into the market and on Friday afternoon there was basically an exodus. The USD is in the “SHITHOLE” never mind anything else. Next week will be very interesting.\r\n\r\nHowever, prior to this which took place on Friday last week…\r\n\r\nLast Wednesday, some macro news involving China reviewing its policy of holding US Debt, certainly placed the cat amongst the pigeons, or as my wife and I prefer as an alternative, it’s like placing Ozzy (Our boy Labrador almost 7 years old, but still a puppy) in a Pet Shop with dog treats on low level shelving. Give him 5 minutes alone, and brace yourself for the outcome -  if you have a Labrador, you will understand.\r\n\r\nI digress…\r\n\r\nBack on track…\r\n\r\nThe move by China, was in fact maybe NOT 100% accurate. Was it all nothing more than posturing?\r\n\r\nThe State Administration of Foreign Exchange (SAFE), which is China’s FX Manager, 24 hours after BLOOMBERG news broke the headline, retorted;” In our opinion, the news may have quoted the wrong source of information, or it may be false news”\r\n\r\nWell there you have it… clear as fecking mud. “Maybe this, maybe that, maybe my fecking arse!!”\r\n\r\nHowever, the news was believed and still is today to some extent by the markets. For good measure on the same day we also had a JPY short squeeze. This was on the back of the BOJ making a change in its monetary policy, by announcing that it is reducing the amount of long-term bonds it is buying.\r\n\r\nThe upshot of this was, it affected a lot of my open trades. You can imagine my thoughts… here we go again etc.\r\n\r\nSo, mid-morning last Wednesday I started to look at my H1 strategy looking to re-think my attitude to RISK moving forward. Not a major re-think but a bit more thought on the amount I want to have at RISK.\r\n\r\nDid it end there last Wednesday?\r\n\r\nOf course, not… in for a penny in for a pound!\r\n\r\nOne of my CORE POSITIONS for 2018 was blown out of the water with a 400-pip loss across 4 trades; the CAD.\r\n\r\nThe same day, but now my afternoon, a Canadian source close to the CAD negotiators was quoted as stating that the CAD negotiators felt that the TRUMP administration were about to withdraw from the NAFTA agreement. Jesus, Mary and Joseph another damn vicious spike and drop. Luckily, I only took a 400-pip hit it could have been much worse. I was on a webinar at the time and saw the move light up. I exited everything CAD in a matter of moments.\r\n\r\nAt the time, I wondered had I been too hasty closing all trades. Had I not intervened, stops with USD/CAD trades would have been taken, but CAD/CHF and CAD/JPY I could have left. I reacted very fast and quickly took the view that as the CAD/JPY was upside down anyhow as a result of the BOJ change in policy, and that was my biggest loss to cover my entire CAD exposure. I saw the words NAFTA on Tweet deck. The move for a NAFTA withdraw could be 200-300 pips of CAD weakness in my opinion… cut and run, head for the hills for me.\r\n\r\nSo; it felt as if my turkey hadn’t even fully digested and we were off again, with more FX volatility over “FAKE NEWS!” 2018 started where 2017 had left off.\r\n\r\nNAFTA news DENIED by the White House. China news gets a guarded DENIAL from the Chinese authorities. What can you do? All I could do was focus on the JPY strength as that was REAL BOJ NEWS!\r\n\r\nIronically, my iTunes was playing a Neil Young song from the album Time Fades Away, titled “Don’t Be Denied”. How fitting given all the denials!\r\n\r\nI never had the BOJ changing monetary policy in my plans for 2018 at all. My initial thoughts in hearing the change of policy were: -\r\n<ol>\r\n 	<li>The “BUY THE DIP” mentality with equities may not be a full-time feature of US equities moving forward, especially with an ever-closer looming trade war with China.</li>\r\n 	<li>USD/JPY below 108.00.</li>\r\n 	<li>Sell JPY across the board especially AUD/JPY and EUR/JPY.</li>\r\n</ol>\r\nIn the first week of trading in 2018, FX traders were thrown 3 curve balls. If I had any thoughts it would be a sleepy city start to 2018, dream on.\r\n\r\nMoving on…\r\n\r\nIf that was not enough to contend with, TRUMP did it again.\r\n\r\nI have updated a few sections within this blog and once again had a review of the content and my focus group on exactly what I want to deliver via this blog.\r\n\r\nVery simply put, it is Market commentary on the FX market, from mostly a Fundamental viewpoint and of course it is delivered in my own words, my own thoughts and my own views in my own style.\r\n\r\nMy goal is to hope that readers who are not subscribers to the PREMIUM SERVICE like my approach and make the leap of faith and subscribe. The blog is a selling tool but it is also a vehicle that that allows me to take a step back and focus in a structured way on what is on the horizon.\r\n\r\nTo complete this section, this week…\r\n\r\n“BUY ONE GET ONE FREE”\r\n\r\nWith a new trading year just starting, there is another target of 10,000 pips for me to beat in 2018. I have launched a PREMIUM SERVICE promotion called, “BUY ONE GET ONE FREE” which is available until January 31st, 2018.\r\n\r\nThe details of the “BUY ONE GET ONE FREE” promotion can be found on my home page under the TAB “PROMOTIONS”.\r\n\r\nI would point out that with the PROMOTION for CAD$800.00 you will have a one year complete subscription and hopefully be part of the 10,000 pips haul this year.\r\n<ol start=\"2\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE TRADING LAST WEEK:</strong></span></li>\r\n</ol>\r\n<u>PREMIUM SERVICE PERFORMANCE YEAR TO DATE:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/PS-SUMMARY-13012018.png\"><img class=\"aligncenter size-large wp-image-10761\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/PS-SUMMARY-13012018-1024x878.png\" alt=\"\" width=\"1024\" height=\"878\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> THIS WEEK’S OVERVIEW and OPPORTUNITIES:</strong></span></li>\r\n</ol>\r\n<u>\r\n3:1. THIS WEEK’S ECONOMIC DATA RELEASES:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/ECON-DATA-13012018.png\"><img class=\"aligncenter size-large wp-image-10750\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/ECON-DATA-13012018-1024x821.png\" alt=\"\" width=\"1024\" height=\"821\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3:2. MY THOUGHTS ON HOW TO TRADE THIS WEEK:</u>\r\n\r\nThe prime piece of data on the agenda this week that has caught my eye, from a MUST TRADE perspective:\r\n\r\n<u>CAD: BOC Interest Rate Decision and the Stephen Poloz Press Conference:</u>\r\n\r\nMake no mistake about it, this is a biggie.\r\n\r\nWe have most if not all of the Canadian Banks looking for an interest rate hike this week. Not for one minute do I believe their interest is based around the Canadian Economy. These institutions in Canada are NOT like what they are around the rest of the globe. They couldn’t give a crap about responsibility they are “FEE INCOME” focused and a rate hike loosens the strings to enable them to get more creative in fees and in so doing enhance their bottom lines.\r\n\r\nYou also have to consider from the BOC perspective that they must keep a margin in interest rate policy in line with of the USA. The FED are raising perhaps 3 times in 2018, Poloz cannot afford for the gap to widen.\r\n\r\nThe curve ball of NAFTA has been thrown on the table. If the US decides to withdraw they have to give six months’ notice in writing despite what TRUMP says. Even then, the negotiations can still go on. So, it’s not as black and white as TRUMP would have us all believe.\r\n\r\nCanadian Household debt is the highest of the G10 and at record levels. Banks in Canada have said its nothing to worry about, well they would say that wouldn’t they!\r\n\r\nThe BOC do NOT like this.\r\n\r\nGiven interest rate margins vis-à-vis the US and Household Debt, I can see the BOC raising, killing two birds with one stone, so to speak.\r\n\r\nIt will be about the language in the statement regarding clues on more rate hikes in 2018 that will really set the fire under the CAD. We have a Press Conference as well. It is a bit of “A Chaps In The City” approach, not as bad as the RBNZ, but Poloz is not as guarded on language as Mario Draghi so we will need to follow this as well.\r\n\r\nIf they (BOC) do not raise rates the USD/CAD will be back at 1.2900 very quickly. If they do raise rates, the BOC has gotten great bang for its buck in the past on rate hikes in 2017, circa. $0.04 cents per 0.25% hike!\r\n\r\nSo, with that said what I am thinking…?\r\n\r\nThe first issue is the “SHITHOLE” fallout. Buckets load of USD were sold on Friday afternoon into the close of the week. Usually, I would say that there should be a pullback because across many, many pair we are grossly over bought / oversold and the DXY is oversold.\r\n\r\nSo, at the start of the trading week be prepared. It all depends on how this story progresses over the weekend. The DXY could go extreme lower and then the snap back could be vicious.\r\n\r\nIt is impossible to say what the reaction will be at next week’s open and trading will be very thin.\r\n\r\nMoving on…\r\n\r\nObviously, the CAD will be a currency to focus on. My hopes are that we get a spike that I can short into. I will probably layer in limit orders for spikes on USD/CAD.\r\n\r\nGiven the BOJ news I am not going to look to trade the CAD/JPY even though there is a nice potentially well-paying Head and Shoulders pattern available. I am set up with NZD/CAD already and if I were to add another pair to the suggested ones it would be either EUR/CAD or GBP/CAD. I will decide nearer to Wednesday.\r\n\r\nAUD jobs data is the same day as the BOC therefore I would probably not consider the AUD on the back of the CAD data.\r\n\r\nI think the currency to focus on this week is probably the JPY. We have actually confirmed news from the BOJ that affects their monetary policy stance moving forward.\r\n\r\nThe USD itself, I have been shying away from a little given TRUMP and his nonsense. When you have the USD weakening across the board it does make it harder to choose the JPY cross to single out apart from the USD/JPY itself.\r\n\r\nI would be looking at the commodity crosses especially the AUD/JPY, NOK/JPY and NZD/JPY. In addition, the EUR/JPY should NOT be ignored.\r\n\r\nMy initial thoughts on the back of the BOJ starting to move away from an accommodative approach is USD/JPY to 108.00, probably even a greater unwind.\r\n\r\nSo, selling JPY strength is the trade maybe to focus on this week.\r\n\r\nOn an associated point. Volumes / liquidity are still not brilliant at certain times. The market is transitional at the moment for a variety of reasons.\r\n\r\nI am NOT a believer that the Asian market is good for FX. Liquidity is just getting lower and lower, year by year and the vast majority of times, Asian moves are reversed in Europe if liquidity is poor. European trading offers much better liquidity to give moves that stick and are directional.\r\n\r\nTherefore, here’s a tip. If you are trading, trade only the following times when liquidity will be at its highest: 8.00AM EST to NOON EST. This may not always be possible but it is without doubt the best time to trade.\r\n\r\nIn addition, be extremely careful with cross rates as they will be the first to suffer from the lower liquidity periods in the market.\r\n\r\n&nbsp;\r\n\r\n<u>3:3. USD MAJORS – SUPPORT &amp; RESISTANCE with MY BIAS:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/TCHART-13012018.png\"><img class=\"aligncenter size-full wp-image-10752\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/TCHART-13012018.png\" alt=\"\" width=\"1020\" height=\"886\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3:4. USD – TRADING CHARTS: </u>\r\n\r\nMore often than not I will use DAILY CHARTS for my analysis. My commentary and thoughts for each trading pair are above the charts.\r\n\r\n<strong>\r\n<u>EUR/USD:</u></strong>\r\n\r\nLooks bullish to me, but with a caveat.\r\n\r\nSome major moves took place last Friday in particular. Two pieces of news. The rather HAWKISH ECB minutes last Thursday followed by Merkel progressing well in Germany vis-à-vis her coalition formation.\r\n\r\nCaution…\r\n\r\nWiedmann tried his best to halt the single currencies strength by stating that the path to normalization will be a long, long road. After quoting Tom Petty, the EUR/USD sank a little. I think what we must consider here is that ALL the crosses are moving in tandem.\r\n\r\nObviously looking forward there is strong support at 1.1915 and for me we have to break 1.2200 convincingly to see the bulls get a grip. Maybe the “STITHOLE” comments are that catalyst?\r\n\r\nLooking forward, I think that the EUR/USD will strengthen in 2018, but to quote Tom Petty it will be “A long, long road”, and I do not see too much Free Fallin’ in 2018!\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/EURUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10763\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/EURUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>GBP/USD:</u></strong>\r\n\r\nThunderbirds are go!\r\n\r\nThe Spanish and the Dutch have somewhat broken ranks with the EU27 by stating they think the Brits should have a soft BREXIT.\r\n\r\nGood Lord how much dosh was in that brown paper bag that changed hands? But hang on it was later DENIED!... more FAKE NEWS. The damage was already done as the already perky GBP remained perky.\r\n\r\nThis is a “BUY THE DIP” currency trade in my opinion. The only caveat I have is that always remember as well as good BREXIT news, this pair is always seconds away from a 100 drop on bad BREXIT news.\r\n\r\nThe Cup and Handle pattern on the chart below is in play.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/GBPUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10764\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/GBPUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>AUD/USD:</u></strong>\r\n\r\nWe are in triangle pattern and this pair is up against trend line resistance. My thoughts are that it will push stops and then fall back.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/AUSUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10762\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/AUSUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>NZD/USD:</u></strong>\r\n\r\nAt the moment, this pair is screwing with longer-term strategy. It is in an ascending wedge pattern it has exposed itself beyond trend line resistance and fell back. But, it has not fallen back as strongly as I had thought it would. This probably has more to do with a weak USD than it has with a strong NZD.\r\n\r\nThat aside, it is well over bought and I think it will eventually turn lower.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/NZDUSD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10765\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/NZDUSD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CAD:</u></strong><strong>\r\n</strong>\r\nI have written a lot about this pair. Fundamentally I believe its path is lower towards 1.2000 and even lower this year.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCAD-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10766\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCAD-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CHF:</u></strong>\r\n\r\nI can see this pair at 0.9450 or even lower if the single currency really breaks higher towards 1.3000.\r\n\r\nFor now, we should look at trend lows of circa.9700, maybe back to the 61.8% Fibonacci level at 0.9650.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCHF-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10767\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDCHF-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/JPY:</u></strong><u>\r\n</u>\r\nThe JPY is the currency to keep a close eye on moving forward. Below 110.80 it could turn nasty for this pair and cascade lower towards my initial target of 108.00.\r\n\r\nThe BOJ adjusting monetary policy is huge and definitive news not FAKE that we as traders can work with. There is no need to rush at this as 2018 could be the year that the BOJ starts a lot of unwinding. Very interesting times and lots of pips up for grabs in my opinion.\r\n\r\nI am viewing this currency as a bonus in 2018. As far as I was concerned trading the JPY in 2018 was going to be a none event. That plan has now changed.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDJPY-D-13012018.png\"><img class=\"aligncenter size-large wp-image-10768\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/USDJPY-D-13012018-1024x435.png\" alt=\"\" width=\"1024\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE SUBSCRIBERS ONLY:</strong></span></li>\r\n</ol>\r\n(Only SUBSCRIBERS to the PREMIUM SERVICE can view this section of the BLOG)\r\n\r\n<u>4:1. TRADING REVIEW:</u>\r\n\r\nNot exactly what I had expected 2018 to start like.\r\n\r\nTrading the FX market is certainly a challenge at times. Fundamentally, I know what I want to trade and roughly what I want by way of RISK to accommodate and approximate exits. The entries are relatively straightforward, I still believe confluences of buyers and sellers or Fibonacci levels offer up the best positions to start from.\r\n\r\nThere is a plan…\r\n\r\nWhy therefore in the name of sanity with all the strategy planning done over the Christmas holiday period am I starting the year after one week in a negative period?\r\n\r\nBad luck?\r\n\r\nSome of it is poor luck. 390 pips of losses surrounding the CAD regarding NAFTA. Another 180 pips or thereabouts were attributed to trades I closed that I wasn\'t 100% about around the time of NON-Farm Payrolls and naturally coincided with the “Bomb Cyclone” weather storm that hit Atlantic Canada and took out our power for over 12 hours. Combined those events total 570 pips.\r\n\r\nThe rest, being self-critical, can be put down to poor decisions on stop placements, lack of discipline and over confidence. Or, as a seasoned trader I like to call it “NORMALITY and BEING HUMAN”\r\n\r\nSeriously though, losses are as much a part of day to day trading as taking profits.\r\n\r\nThose of you who have been with me for over a couple of years or so, whether individually or with one of my two consortiums will know that I am NOT in any way shape or form a scalper trader. In fact, several of you do not even think I enjoy day trading too much, unless I can see the option of a swing trade!  Last Thursday, I did FLASH TRADE 4 x JPY trades for c.140 pips. To be honest they were more like RADAR TRADES without the limit order entry but still a day trade! I will do more of these in 2018.\r\n\r\nThe JPY is a real bonus for me. I had not even considered it for 2018 given the stale BOJ policy. That has now changed and I will be looking most days for JPY trades moving forward. At least JPY trades will be based on real news.\r\n\r\n<u>\r\n</u><u>4:2. SENTIMENT CHART,</u><u> FUNDAMENTAL &amp; MACRO THOUGHTS</u><u>:</u>\r\n\r\n&nbsp;\r\n\r\nSo; many of you like this segment of the subscriber section because I place down on paper exactly what I am thinking.\r\n\r\nLast Wednesday about 4PM AST my exact thoughts were WTF!\r\n\r\nMoving on…\r\n\r\nMy fundamental views have not altered. I am still bearish CAD and NZD.\r\n\r\nWithout doubt the NAFTA deal has “placed Ozzy in the pet shop” but that aside, the BOC has to keep pace with the FED regardless of NAFTA when it comes to rate hikes. Poloz can put lipstick on it next Wednesday at the BOC Press Conference but it’s still a PIG at the end of the day and he has to deal with fallout regardless.\r\n\r\nPrivate debt in Canada is out of control, it\'s the highest in the G10, he has to act. The time for mind games is far gone in my opinion and if he dithers, the buck stops with him.\r\n\r\nI think he will raise rates.\r\n\r\nI have placed limit orders in readiness.\r\n\r\nDIE KIWI DIE…. What a bloody pain in the arse currency! All the key indicators, MACD, Stochastics, RSi etc are all showing stretched overbought conditions.\r\n\r\nI think one of the main issues with the NZD has been the moves with regards to the AUD/NZD. The cross-rate effect of this pair has both helped the AUD and hindered the NZD.\r\n\r\nMoving forward, the NZD/USD is now in a very tight ascending wedge, which should she a very sharp and powerful failure and fall back lower. I still have the John Key level of 0.6500 in mind. If achieved this will place <u>ALL</u> AUD/NZD, EUR/NZD and GBP/NZD trades well in profit. The pip opportunity with these pairs alone in 2018, I believe is potentially more lucrative then the CAD.\r\n\r\nIt’s all about patience and building your positions up the best that you can.\r\n\r\nBeyond the NZD and CAD, I am getting ready for cable. No need to get too excited yet, I need to see some tangible BREXIT data before I get out the party hats and ice up the buckets of Champagne. Being more specific, this will re-define a long-haul trade.\r\n\r\nThe AUD/NZD is a position I will hold basically no matter what. I am prepared for 1.10280-1.0350 if necessary.  It is well funded in its own broker account and I have plenty of scope for huge volatility. This trade is coming up to its three-year birthday.\r\n\r\nThe cable will be multiple pairs, different expectations, different directions and many more issues to consider.\r\n\r\nThe long AUD trade, I am now not so sure about therefore if I am undecided, it is parked for now at least.\r\n\r\nHowever, in horse racing terminology coming up fast on the outside is the JPY. This is a trade option based around the BOJ decision to change policy moving forwards. Is this the start of the great unwind?\r\n\r\nWith both the EUR and JPY coming to the end of dovish policy… Ozzy has his nose pressed hard against the pet shop door ready to get in there and strut his stuff!\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/SENTIMENT-13012018.png\"><img class=\"aligncenter size-large wp-image-10753\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/SENTIMENT-13012018-788x1024.png\" alt=\"\" width=\"788\" height=\"1024\" /></a><u>\r\n</u>\r\n\r\n<u>4:3. TRADING PLANS and LONGER-TERM TRADE SUMMARIES:</u>\r\n\r\n&nbsp;\r\n\r\n<u>4:3.1. MY TRADING PLAN OVERVIEW THIS WEEK:</u>\r\n\r\nMy action plan for the week is: -\r\n<ol>\r\n 	<li>Prepare for BOC by establishing CAD limit orders as required ahead of the Statement release. Decide my TRADE PLAN ahead of the statement, should the meeting raise rates or do nothing.</li>\r\n 	<li>Add to NZD CORE short position. Re-asses total associated RISK and fund broker if required.</li>\r\n 	<li>Establish a strategy into my TRADE PLAN vis-à-vis the JPY. This is now very much a tradeable currency in 2018. For me it is similar to Lazarus coming back from the dead.</li>\r\n</ol>\r\n<u>4:3.2. LONG TERM CORE TRADES SUMMARIES:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LT-POS-13012018.png\"><img class=\"aligncenter size-large wp-image-10751\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LT-POS-13012018-1024x986.png\" alt=\"\" width=\"1024\" height=\"986\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4:4. CURRENT LIVE TRADES &amp; LIMIT ORDERS:</u><u> </u>\r\n\r\nCURRENT LIVE TRADES:\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIVE-TRADES-13012018.png\"><img class=\"aligncenter size-large wp-image-10755\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIVE-TRADES-13012018-1024x560.png\" alt=\"\" width=\"1024\" height=\"560\" /></a>\r\n\r\nCURRENT LIMIT ORDER TRADES:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIMIT-ORDERS-13012018.png\"><img class=\"aligncenter size-large wp-image-10754\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/LIMIT-ORDERS-13012018-1024x440.png\" alt=\"\" width=\"1024\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4:5. FX BROKER NEWS and MARKET FEEDBACK:</u>\r\n\r\nI have been asked a couple of times what platform do I use for trade charts that I publish on twitter and inside this blog. The answer is cTrader and by coincidence I have added a new FX Broker to the website as one of my recommended ones, to go along with HANTEC MARKETS (London) and VANTAGE FX (Sydney).\r\n\r\nThe new broker is IC MARKETS based in Melbourne, Australia.\r\n\r\nI have been dealing with this company for about 18 months because changes in regulations here in Canada, well Quebec actually where I used to live basically prevented most jurisdictions from operating in the province unless the platform had French content. Even in France it’s all in English!\r\n\r\nThat was one reason to leave Quebec before it implodes. Since “Pasta gate” it just got worse even with laughable commentary from around the world. Quebec is just plain and simple weird.\r\n\r\nGetting back on point…\r\n\r\nI discovered IC MARKETS because of Quebec language laws. They offer MT4 and cTrader platforms, tight spreads, excellent customer service and no slippage.\r\n\r\nIf you want to add another broker click the banner that\'s on most pages of the website and be in the group!\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> THE FINAL SHOTS:</strong></span></li>\r\n</ol>\r\n<u>5:1. WANT A FREE PREMIUM SERVICE SUBSCRIPTION:</u>\r\n\r\nIf you like what you have read in this blog and would like the chance to win a FREE SUBSCRIPTION valued at CAD$150.00, all you need to do is subscribe to my FREE NEWSLETTER (this blog), by adding your email address on my welcome page just below my cube logo at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n<u>5:2. CLOSING THOUGHTS:</u>\r\n\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\n&nbsp;\r\n\r\nScott Pickering\r\n\r\nThe Pip Accumulator\r\nTwitter: @ThePremService\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #161 PREMIUM SERVICE VERSION\r\nDATE: 13th January 2018','OOPS, I DID IT AGAIN…  TRUMP SENDS USD TO THE SH*THOLE','','publish','open','closed','','oops-trump-sends-usd-shthole','','','2018-01-18 13:56:01','2018-01-18 18:56:01','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=10769',0,'member_posts','',0),(6875,16,'2015-11-27 14:26:16','2015-11-27 19:26:16','','Pip Performance Year by Year Comparisons','','publish','closed','closed','','6875','','','2017-12-13 13:38:49','2017-12-13 18:38:49','',0,'https://weeklyfxdrivethru.com/?p=6875',19,'nav_menu_item','',0),(6876,16,'2015-11-27 14:28:33','2015-11-27 19:28:33','','Break Free be Successful','','inherit','open','closed','','br2','','','2015-11-27 14:29:07','2015-11-27 19:29:07','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/11/br2.jpg',0,'attachment','image/jpeg',0),(6944,1,'2015-12-01 11:26:14','2015-12-01 16:26:14','','Vantage FX','','inherit','open','closed','','banner_120x600','','','2015-12-01 13:59:57','2015-12-01 18:59:57','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/Banner_120x600.jpg',0,'attachment','image/jpeg',0),(6945,1,'2015-12-01 11:26:17','2015-12-01 16:26:17','','Work wherever you choose','','inherit','open','closed','','br1','','','2015-12-01 12:07:11','2015-12-01 17:07:11','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/br1.jpeg',0,'attachment','image/jpeg',0),(6947,16,'2015-12-02 17:05:57','2015-12-02 22:05:57','','Work wherever you choose','','inherit','open','closed','','wwycswan','','','2015-12-02 17:06:09','2015-12-02 22:06:09','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/WWYCSwan.jpeg',0,'attachment','image/jpeg',0),(6949,16,'2016-12-05 10:53:37','2016-12-05 15:53:37','<section class=\"clearfix\">\n<div class=\"one-third first\">\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">HANTEC MARKETS</h3>\n<p><a href=\"http://go.pardot.com/l/68492/2016-04-01/41mtb1\" target=\"_blank\"><img src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/Hantec-banner.jpeg\" alt=\"Hantec Markets\"/></a></p>\n</div>\n\n<div class=\"one-third\">\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">VANTAGE FX</h3>\n<p><a href=\"https://www.vantagefx.com/get-trading/open-live-forex-account/?affid=1702\" title=\"VANTAGE FX\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/Banner_120x600.jpg\" alt=\"Vantage FX\"/></a>\n</p>\n</div>\n\n<div class=\"one-third\">\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; \">Trading Computers Supplier</h3>\n<h3 style=\"margin-bottom:40px;margin-top:20px;\">EZ TRADING COMPUTERS</h3>\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\n</div>\n\n\n\n</section>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n','FX Brokers','','inherit','closed','closed','','2704-autosave-v1','','','2016-12-05 10:53:37','2016-12-05 15:53:37','',2704,'https://weeklyfxdrivethru.com/2704-autosave-v1/',0,'revision','',0),(6953,1,'2015-12-03 10:51:03','2015-12-03 15:51:03','Chat Room in development.\r\n\r\nI will survey subscribers again soon to see if there is greater interest in this facility.\r\n\r\nEarly 2015, my initial survey was not met with enthusiasm from the then subscribers... so it remains as is.\r\n\r\nScott','Chat Room','','inherit','closed','closed','','2290-revision-v1','','','2015-12-03 10:51:03','2015-12-03 15:51:03','',2290,'https://weeklyfxdrivethru.com/2290-revision-v1/',0,'revision','',0),(6965,16,'2015-12-07 12:08:42','2015-12-07 17:08:42','<h4>POSITION TRADES Archives:</h4>\r\n<section class=\"clearfix\">\r\n<div class=\"one-half first\">\r\n<h2>This Month<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/POSITION-03032018.png\"><img class=\"aligncenter size-large wp-image-11076\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/POSITION-03032018-785x1024.png\" alt=\"\" width=\"785\" height=\"1024\" /></a>\r\n\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS1-28022018.png\"><img class=\"aligncenter size-large wp-image-11043\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS1-28022018-781x1024.png\" alt=\"\" width=\"781\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS2-28022018.png\"><img class=\"aligncenter size-large wp-image-11044\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS2-28022018-781x1024.png\" alt=\"\" width=\"781\" height=\"1024\" /></a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS3-28022018.png\"><img class=\"aligncenter size-large wp-image-11045\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS3-28022018-760x1024.png\" alt=\"\" width=\"760\" height=\"1024\" /></a></h2>\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/11/POS1-19112016.png\">\r\n</a>\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>Year to date<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11046\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS-YTDFEB2018-757x1024.png\" alt=\"\" width=\"757\" height=\"1024\" /></a></h2>\r\n<h2>PREVIOUS YEARS</h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/POSITION-COMPLETE-2017.png\"><img class=\"aligncenter size-full wp-image-10714\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/POSITION-COMPLETE-2017.png\" alt=\"\" width=\"820\" height=\"946\" /></a></h2>\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>\r\n\r\n</div>\r\n</section>','POSITION TRADES','','publish','closed','closed','','part-time-trader-trades','','','2018-03-03 07:00:33','2018-03-03 12:00:33','',0,'https://weeklyfxdrivethru.com/?page_id=6965',0,'page','',0),(10869,1,'2018-01-27 07:13:23','2018-01-27 12:13:23','','FLASH 27012018','','inherit','open','closed','','flash-27012018','','','2018-01-27 07:15:53','2018-01-27 12:15:53','',2711,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/FLASH-27012018.png',0,'attachment','image/png',0),(10870,1,'2018-01-27 07:13:26','2018-01-27 12:13:26','','RADAR 27102018','','inherit','open','closed','','radar-27102018','','','2018-01-27 07:16:29','2018-01-27 12:16:29','',2524,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/RADAR-27102018.png',0,'attachment','image/png',0),(10871,1,'2018-01-27 07:13:30','2018-01-27 12:13:30','','MOMENTUM 27012018','','inherit','open','closed','','momentum-27012018','','','2018-01-27 07:17:08','2018-01-27 12:17:08','',10540,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/01/MOMENTUM-27012018.png',0,'attachment','image/png',0),(6969,16,'2015-12-07 12:18:35','2015-12-07 17:18:35','','Position Trades (POS)','','publish','closed','closed','','6969','','','2017-12-13 13:38:49','2017-12-13 18:38:49','',0,'https://weeklyfxdrivethru.com/?p=6969',16,'nav_menu_item','',0),(6971,1,'2015-12-10 04:40:46','2015-12-10 09:40:46','<h2>THE WEEKLY FX DRIVE-THRU\r\nPREMIUM SERVICE</h2>\r\n<h3>VIEWS AND COMMENTS IN THIS BLOG:</h3>\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n<h3>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</h3>\r\nThere 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, www.weeklyfxdrivethru.com will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n<h3>TRADING &amp; PERFORMANCES DISCLAIMER:</h3>\r\nFLASH, RADAR, FUNDAMENTAL and PART-TIME TRADER 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.','Disclaimer','','inherit','closed','closed','','2781-revision-v1','','','2015-12-10 04:40:46','2015-12-10 09:40:46','',2781,'https://weeklyfxdrivethru.com/2781-revision-v1/',0,'revision','',0),(6990,1,'2015-12-16 18:24:37','2015-12-16 23:24:37','','PROFIT-LOSS RATIO 2015 COMP','','inherit','open','closed','','profit-loss-ratio-2015-comp','','','2015-12-16 18:37:12','2015-12-16 23:37:12','',5002,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PROFIT-LOSS-RATIO-2015-COMP.png',0,'attachment','image/png',0),(6991,1,'2015-12-16 18:24:44','2015-12-16 23:24:44','','PS RISK REWARD 2015 COMP','','inherit','open','closed','','ps-risk-reward-2015-comp','','','2015-12-16 18:38:03','2015-12-16 23:38:03','',5006,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-2015-COMP.png',0,'attachment','image/png',0),(6992,1,'2015-12-16 18:24:48','2015-12-16 23:24:48','','PIP COMP 2015 v 2014 COMP','','inherit','open','closed','','pip-comp-2015-v-2014-comp','','','2015-12-16 18:38:52','2015-12-16 23:38:52','',6869,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PIP-COMP-2015-v-2014-COMP.png',0,'attachment','image/png',0),(7001,1,'2015-12-17 07:29:23','2015-12-17 12:29:23','','PREM SERV PERF 2014','','inherit','open','closed','','prem-serv-perf-2014','','','2015-12-17 07:31:19','2015-12-17 12:31:19','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PREM-SERV-PERF-2014.png',0,'attachment','image/png',0),(7002,1,'2015-12-17 07:29:25','2015-12-17 12:29:25','','PREM SERV PERF 2015','','inherit','open','closed','','prem-serv-perf-2015','','','2015-12-17 07:31:04','2015-12-17 12:31:04','',3012,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PREM-SERV-PERF-2015.png',0,'attachment','image/png',0),(7051,1,'2015-12-29 08:13:01','2015-12-29 13:13:01','','PS PROFIT-LOSS 31012016','','inherit','open','closed','','ps-profit-loss-31012016','','','2015-12-29 08:23:20','2015-12-29 13:23:20','',5002,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-PROFIT-LOSS-31012016.png',0,'attachment','image/png',0),(7052,1,'2015-12-29 08:13:03','2015-12-29 13:13:03','','PS PROFIT-LOSS 31122015','','inherit','open','closed','','ps-profit-loss-31122015','','','2015-12-29 08:24:06','2015-12-29 13:24:06','',5002,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-PROFIT-LOSS-31122015.png',0,'attachment','image/png',0),(7053,1,'2015-12-29 08:13:05','2015-12-29 13:13:05','','PS RISK REWARD 31012016','','inherit','open','closed','','ps-risk-reward-31012016','','','2015-12-29 08:25:54','2015-12-29 13:25:54','',5006,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31012016.png',0,'attachment','image/png',0),(7054,1,'2015-12-29 08:13:07','2015-12-29 13:13:07','','PS RISK REWARD 31122015','','inherit','open','closed','','ps-risk-reward-31122015','','','2015-12-29 08:26:39','2015-12-29 13:26:39','',5006,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31122015.png',0,'attachment','image/png',0),(10734,1,'2017-12-22 18:26:46','2017-12-22 23:26:46','<div>\r\n<h4></h4>\r\n<p style=\"text-align: left;\"><strong>1. WHAT IS THE PREMIUM SERVICE?</strong></p>\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups. Set ups mostly happen by a strategic entry level but they can also be live in a moving market.  In addition to me advising you what trades I am looking at I also provide you on most days, market commentary relating to moves in the market that interest me, or my thoughts on up coming data releases or potential geopolitical events.\r\n\r\nWhilst I cannot 100% guarantee that you will make money from the trades I suggest, the PREMIUM SERVICE now has a four-year historic track record of  profitable performances. The PREMIUM SERVICE is open to all traders whether new, intermediate or experienced regardless of the size of your investment into the Forex market.\r\n\r\nI like to think that the PREMIUM SERVICE is different from other TRADE SIGNAL providers. I trade ALL my suggested trade setups. I have \"Skin\" in the market.\r\n\r\n</div>\r\n<div>\r\n\r\nI know that some traders prefer to watch video presentations instead of reading through a few paragraphs of information. If you are one of these people, and you prefer to watch a short video about the PREMIUM SERVICE  called \"AN INTRODUCTION TO THE PREMIUM SERVICE\", this can be found by clicking the link below: -\r\n<p style=\"text-align: center;\"><a href=\"http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX\">http://screencasts.weeklyfxdrivethru.com/watch/cb6fqiIAZX</a></p>\r\n&nbsp;\r\n\r\n<strong>2. HOW DID THE PREMIUM SERVICE EVOLVE?, HOW DOES IT WORK? and WHAT GIVES IT DIFFERENTIATION?</strong>\r\n\r\nI started trading Forex in 2008.\r\n\r\nI started the WEEKLY FX DRIVE THRU blog in 2011 and in 2012/2013 in addition to my market commenrtary, I started to add trade set ups to the blog. Late 2013, I decided to separate the market commentary from the trade set ups and in January 2014 the PREMIUM SERVICE started. I have never looked back. My 10,000 pip target per annum has been beaten each year.\r\n\r\n</div>\r\n<div>\r\n\r\nThe PREMIUM SERVICE is NOT an automated system.\r\n\r\nI have a simple annual target on pips; 10,000 net profitable pips.\r\n\r\nI let you know what trade set-ups and trades  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 Atlantic time (AST) I am active in most sessions, I try to catch up on sleep at the 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\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\nTrading for me is for the \"Long Haul\". I use TRADE, ACCOUNT and MIND MANAGEMENT techniques to ensure that I am around for the long haul.\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 examples below, they also include trade amendment tweets as an example of a brief market commentary tweets: -\r\n\r\n</div>\r\n<div> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.28.45-AM.png\"><img class=\"aligncenter size-full wp-image-10700\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.28.45-AM.png\" alt=\"\" width=\"540\" height=\"690\" /></a></div>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.57-AM.png\"><img class=\"aligncenter size-full wp-image-10697\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.57-AM.png\" alt=\"\" width=\"558\" height=\"686\" /></a>\r\n\r\n&nbsp;\r\n\r\nFollowing the twitter communication for all of my TRADE STYLES (Full details of my TRADE STYLES are provided upon subscribing) excluding FLASH TRADES an excel spreadsheet containing additional data behind the trade is also supplied, along with a further copy of the relevent trade chart.\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 (FUN808 to match the tweet above) 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/2017/12/Screen-Shot-2017-12-19-at-8.30.04-AM.png\"><img class=\"aligncenter size-large wp-image-10695\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.04-AM-816x1024.png\" alt=\"\" width=\"816\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.19-AM.png\"><img class=\"aligncenter size-large wp-image-10696\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.30.19-AM-1024x810.png\" alt=\"\" width=\"1024\" height=\"810\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nI 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.\r\n\r\nI 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.26.52-AM.png\"><img class=\"aligncenter size-full wp-image-10698\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.26.52-AM.png\" alt=\"\" width=\"546\" height=\"542\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.27.13-AM.png\"><img class=\"aligncenter size-full wp-image-10699\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-19-at-8.27.13-AM.png\" alt=\"\" width=\"550\" height=\"390\" /></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 have access to a complete version of the WEEKLY FX DRIVE THRU blog via 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 a human, NOT a robot.</li>\r\n 	<li>I am a trader - I trade all the trade set-ups I provide.</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 net pips per year</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 questions regarding a PREMIUM SERVICE subscription, please contact me at: - premiumservice@weeklyfxdrivethru(dotcom)</li>\r\n</ul>\r\n<div>\r\n\r\nFinally, you should be aware as I trade my own trades, I only trade when the market gives me parameters that line up with my TRADE PLAN. If there are no trade set ups that meet my criteria I do NOT trade.\r\n\r\n</div>\r\n<div>\r\n\r\n&nbsp;\r\n\r\n<strong>3. THE PREMIUM SERVICE –  ANNUAL RESULTS 2014, 2015, 2016 and 2017: (Please note 2017 PREMIUM SERVICE trading completed on 22.12.2017)</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<strong>2017 COMPLETE (PLEASE NOTE - These figures include a 12 month PREMIUM SERVICE subscription):</strong>\r\n\r\n</div>\r\n<div>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-NET-PROFITS-2017-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-10723\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-NET-PROFITS-2017-COMPLETE-972x1024.png\" alt=\"\" width=\"972\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n<div>\r\n<p style=\"text-align: center;\"><strong>Looking specifically at 2017 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 621 trades\r\nCost $621.00\r\nGross Income from the 621 trades = $12,220.00\r\nLess your cost to trade of $621.00 = Net income of $11,599.00\r\nLess your PREMIUM SERVICE subscription of $ 995.00* = <strong><span style=\"text-decoration: underline;\">$10,604.00</span>\r\n</strong>(*CAD$ equivalent)</p>\r\n<p style=\"text-align: center;\">From your investment of $621 you could make $10,604.00\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($12,220.00 x 2 = $24,440.00 - (621 x 2 ) $1,242 = $23,198.00\r\nLess your PREMIUM SERVICE subscription of $995.00 = <span style=\"text-decoration: underline;\"><strong>$22,203.00</strong></span></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 30 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&nbsp;\r\n\r\n<strong>2016 COMPLETE (PLEASE NOTE - These figures include a 12 month PREMIUM SERVICE subscription):\r\n</strong>\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-PROFITS-NET-2016-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-10499\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-PROFITS-NET-2016-COMPLETE-975x1024.png\" alt=\"\" width=\"975\" height=\"1024\" /></a></strong>\r\n\r\n<strong>2015 COMPLETE (PLEASE NOTE - These figures include a 12 month PREMIUM SERVICE subscription):</strong>\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/TOTAL-2015.png\">\r\n<img class=\"aligncenter size-large wp-image-10688\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/TOTAL-2015-1024x1006.png\" alt=\"\" width=\"1024\" height=\"1006\" /></a></strong>\r\n<div>\r\n\r\n&nbsp;\r\n<p style=\"text-align: left;\"><strong>2014 COMPLETE (PLEASE NOTE - These figures include a 12 month PREMIUM SERVICE subscription):</strong></p>\r\n\r\n</div>\r\n</div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/TOTAL-2014.png\"><img class=\"aligncenter size-large wp-image-10687\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/TOTAL-2014-1024x1015.png\" alt=\"\" width=\"1024\" height=\"1015\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>4. WHAT ABOUT THIS YEARS PERFORMANCE IN 2017?</strong>\r\n\r\nRemember all profitability in my reporting is based upon single lot trading.\r\n\r\nSingle x Micro Lot trading cost US$0.10\r\nSingle x Micro Lot trading cost US$1.00\r\nSingle x Standard Lot trading cost US$10.00\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-NET-PROFITS-2017-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-10723\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PS-NET-PROFITS-2017-COMPLETE-972x1024.png\" alt=\"\" width=\"972\" height=\"1024\" /></a>\r\n<p style=\"text-align: center;\"><strong>As you can see from the excel spread sheet above both single mini lot and single standard lots traders\r\n</strong><strong>have more than covered the costs of their annual subscriptions.</strong></p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/DECEMBER-CONS.-2017.png\"><img class=\"aligncenter size-large wp-image-10715\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/DECEMBER-CONS.-2017-851x1024.png\" alt=\"\" width=\"851\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PIP-COMPARISON-2017-COMPLETE.png\"><img class=\"aligncenter size-large wp-image-10716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PIP-COMPARISON-2017-COMPLETE-1024x813.png\" alt=\"\" width=\"1024\" height=\"813\" /></a>\r\n<div>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>5. PREMIUM SERVICE SUBSCRIPTION DETAILS:</strong>\r\n\r\nThere are 40 weekly \"DRIVE THRU\" blogs per year. I do 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, MOMENTUM, FUNDAMENTAL and POSITION trades” and issues emanating from previous blogs.\r\n\r\n</div>\r\n<strong>SUBSCRIPTION HIGHLIGHTS:</strong><u>\r\n</u>\r\n<ul>\r\n 	<li>3  subscription options.</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, MOMENTUM, FUNDAMENTAL and POSITION trades additionally via email.</li>\r\n 	<li>The full and complete version of The WEEKLY FX DRIVE THRU 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>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<h4>MONTHLY ROLLOVER</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\">SILVER MEMBER:\r\nTry the PREMIUM SERVICE for just CAD $10.00 for 10 days.\r\nAfter the 10 days your MONTHLY ROLLOVER subscription cost is CAD $150.00 (this equates to CAD $34.65 per week)</p>\r\n\r\n</div>\r\n</div>\r\n</div>\r\n<h4>FIXED PERIOD 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\">GOLD MEMBER:\r\n6 Months (20 WEEKS) SUBSCRIPTION: CAD$800.00\r\n(this equates to CAD$40.00 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\">PLATINUM MEMBER:\r\nANNUAL (40 WEEK) SUBSCRIPTION: CAD$1,250.00\r\n(this equates to CAD$31.25 per week)</p>\r\n\r\n</div>\r\n</div>\r\n</div>\r\n(All Fees are quoted in CAD$)\r\n\r\n&nbsp;\r\n\r\n<strong>6. IF <span style=\"text-decoration: underline;\">YOU</span> ARE INTERESTED IN JOINING THE PREMIUM SERVICE <span style=\"text-decoration: underline;\">WHAT DO YOU NEXT</span>?</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(dotcom)\r\n\r\n<strong>\r\n</strong><strong>7. 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\n22nd December 2017\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, MOMENTUM, 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>','The PREMIUM SERVICE PERFORMANCE','','inherit','closed','closed','','3012-revision-v1','','','2017-12-22 18:26:46','2017-12-22 23:26:46','',3012,'https://weeklyfxdrivethru.com/3012-revision-v1/',0,'revision','',0),(11034,1,'2018-02-28 15:47:40','2018-02-28 20:47:40','','FLASH 28022018','','inherit','open','closed','','flash-28022018','','','2018-02-28 15:49:54','2018-02-28 20:49:54','',2711,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FLASH-28022018.png',0,'attachment','image/png',0),(11035,1,'2018-02-28 15:47:45','2018-02-28 20:47:45','','FLASH YTDFEB2018','','inherit','open','closed','','flash-ytdfeb2018','','','2018-02-28 15:50:06','2018-02-28 20:50:06','',2711,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FLASH-YTDFEB2018.png',0,'attachment','image/png',0),(11036,1,'2018-02-28 15:47:50','2018-02-28 20:47:50','','RADAR 28022018','','inherit','open','closed','','radar-28022018','','','2018-02-28 15:51:08','2018-02-28 20:51:08','',2524,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/RADAR-28022018.png',0,'attachment','image/png',0),(11037,1,'2018-02-28 15:47:59','2018-02-28 20:47:59','','RADAR YTDFEB2018','','inherit','open','closed','','radar-ytdfeb2018','','','2018-02-28 15:51:18','2018-02-28 20:51:18','',2524,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/RADAR-YTDFEB2018.png',0,'attachment','image/png',0),(11038,1,'2018-02-28 15:48:04','2018-02-28 20:48:04','','MOMENTUM 28022018','','inherit','open','closed','','momentum-28022018','','','2018-02-28 15:51:59','2018-02-28 20:51:59','',10540,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/MOMENTUM-28022018.png',0,'attachment','image/png',0),(11039,1,'2018-02-28 15:48:07','2018-02-28 20:48:07','','MOMENTUM YTDFEB2018','','inherit','open','closed','','momentum-ytdfeb2018','','','2018-02-28 15:52:11','2018-02-28 20:52:11','',10540,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/MOMENTUM-YTDFEB2018.png',0,'attachment','image/png',0),(11040,1,'2018-02-28 15:48:11','2018-02-28 20:48:11','','FUN1 28022018','','inherit','open','closed','','fun1-28022018','','','2018-02-28 15:53:01','2018-02-28 20:53:01','',3106,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN1-28022018.png',0,'attachment','image/png',0),(11041,1,'2018-02-28 15:48:14','2018-02-28 20:48:14','','FUN2 28022018','','inherit','open','closed','','fun2-28022018','','','2018-02-28 15:53:06','2018-02-28 20:53:06','',3106,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN2-28022018.png',0,'attachment','image/png',0),(11042,1,'2018-02-28 15:48:17','2018-02-28 20:48:17','','FUN YTDFEB2018','','inherit','open','closed','','fun-ytdfeb2018','','','2018-02-28 15:53:23','2018-02-28 20:53:23','',3106,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FUN-YTDFEB2018.png',0,'attachment','image/png',0),(11043,1,'2018-02-28 15:48:21','2018-02-28 20:48:21','','POS1 28022018','','inherit','open','closed','','pos1-28022018','','','2018-02-28 15:54:15','2018-02-28 20:54:15','',6965,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS1-28022018.png',0,'attachment','image/png',0),(11044,1,'2018-02-28 15:48:24','2018-02-28 20:48:24','','POS2 28022018','','inherit','open','closed','','pos2-28022018','','','2018-02-28 15:54:19','2018-02-28 20:54:19','',6965,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS2-28022018.png',0,'attachment','image/png',0),(11045,1,'2018-02-28 15:48:27','2018-02-28 20:48:27','','POS3 28022018','','inherit','open','closed','','pos3-28022018','','','2018-02-28 15:54:24','2018-02-28 20:54:24','',6965,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS3-28022018.png',0,'attachment','image/png',0),(11046,1,'2018-02-28 15:48:31','2018-02-28 20:48:31','','POS YTDFEB2018','','inherit','open','closed','','pos-ytdfeb2018','','','2018-02-28 15:54:34','2018-02-28 20:54:34','',6965,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/POS-YTDFEB2018.png',0,'attachment','image/png',0),(11059,1,'2018-02-28 15:59:44','2018-02-28 20:59:44','<h4>PIP PERFORMANCE</h4>\r\n<section class=\"clearfix\">\r\n<h2>2018 v 2017<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018-1024x815.png\" alt=\"\" width=\"1024\" height=\"815\" /></a></h2>\r\n<h2>2017 v 2016\r\n<img class=\"alignnone size-large wp-image-10716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/PIP-COMPARISON-2017-COMPLETE-1024x813.png\" alt=\"\" width=\"1024\" /></h2>\r\n<h2>2016 v 2015\r\n<img class=\"alignnone wp-image-8816\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/PIP-COMPARISON-2016-COMPLETE-1024x615.png\" alt=\"\" width=\"1024\" /></h2>\r\n<h2>2015 v 2014\r\n<img class=\"alignnone 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=\"1024\" /></h2>\r\n</section>','PIP PERFORMANCE YEAR by YEAR COMPARISONS','','inherit','closed','closed','','6869-revision-v1','','','2018-02-28 15:59:44','2018-02-28 20:59:44','',6869,'https://weeklyfxdrivethru.com/6869-revision-v1/',0,'revision','',0),(11049,1,'2018-02-28 15:48:45','2018-02-28 20:48:45','','P+L % FEB2018','','inherit','open','closed','','pl-feb2018','','','2018-02-28 15:58:14','2018-02-28 20:58:14','',5002,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018.png',0,'attachment','image/png',0),(11050,1,'2018-02-28 15:48:49','2018-02-28 20:48:49','','PIP COMP FEB2018','','inherit','open','closed','','pip-comp-feb2018','','','2018-02-28 15:59:14','2018-02-28 20:59:14','',6869,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018.png',0,'attachment','image/png',0),(11051,1,'2018-02-28 15:50:10','2018-02-28 20:50:10','<h4>Flash Trades Archives:</h4>\r\n<section class=\"clearfix\">\r\n<div class=\"one-half first\">\r\n<h2>This Month<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FLASH-28022018.png\"><img class=\"aligncenter size-large wp-image-11034\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FLASH-28022018-763x1024.png\" alt=\"\" width=\"763\" 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&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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FLASH-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11035\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/FLASH-YTDFEB2018-757x1024.png\" alt=\"\" width=\"757\" height=\"1024\" /></a></h2>\r\n&nbsp;\r\n<h2>Previous Years</h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FLASH-2017-COMPLETE.png\"><img class=\"aligncenter wp-image-10711 size-full\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FLASH-2017-COMPLETE.png\" alt=\"\" width=\"864\" height=\"950\" /></a></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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FLASH-2015-COMP-copy.png\"><img class=\"aligncenter size-full wp-image-10668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2017/12/FLASH-2015-COMP-copy.png\" alt=\"\" width=\"422\" height=\"447\" /></a></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','','','2018-02-28 15:50:10','2018-02-28 20:50:10','',2711,'https://weeklyfxdrivethru.com/2711-revision-v1/',0,'revision','',0),(11066,1,'2018-03-01 18:04:44','2018-03-01 23:04:44','With February now completed and my trading performance compiled, there are a couple of key points and observations that I want to make to my wider audience beyond my existing PREMIUM SERVICE subscribers.\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"font-size: 14pt;\">STATISTICS:</span></strong>\r\n\r\nFEBRUARY: NUMBER OF COMPLETED TRADES: 69\r\nFLASH TRADES = 14\r\nRADAR TRADES = 3\r\nMOMENTUM TRADES = 17\r\nFUNDAMENTAL TRADES = 15\r\nPOISITION TRADES = 20\r\n\r\nPIP TOTALS:\r\nFEBRUARY 2018: Total net pips = +2,414 pips\r\nYEAR TO DATE 2018: Total net pips = +3,892 pips\r\n\r\nPROFIT / LOSS RATIOS:\r\nFEBRUARY: 78% trades positive / 22% loss making trades\r\nYEAR TO DATE: 74% trades positive / 26% loss making trades\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11049\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018-914x1024.png\" alt=\"\" width=\"914\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018-1024x815.png\" alt=\"\" width=\"1024\" height=\"815\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"font-size: 14pt;\">INCOME PERFORMANCE REPORTS:</span></strong>\r\n\r\nThe excel speadsheets below show both the gross and net potential income opportunities trading with the PREMIUM SERVICE.\r\n\r\nBelow are the February and Year to Date spreadsheets showing the potential position so far for a trader who has subscribed with a FIXED PERIOD SUBSCRIPTION.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11060\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018-798x1024.png\" alt=\"\" width=\"798\" height=\"1024\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11061\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018-838x1024.png\" alt=\"\" width=\"838\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is a Year to Date spreadsheet showing various potential examples of income for traders who may have subscribed to the PREMIUM SERVICE using the MONTHLY ROLLOVER SUBSCRIPTION option.\r\n\r\nThis shows the potential income opportunity both gross and net based off whether you trade 1 or 5 MICRO, MINI or STANDARD lot position sizes.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018.jpg\"><img class=\"aligncenter size-large wp-image-11065\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018-1024x829.jpg\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\n&nbsp;\r\n\r\nIf you want to know more about the PREMIUM SERVICE, please check it out by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn my landing page there are various TABS across that top of the page that will provide you with all the information you require.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMarch 1st 2018\r\nhttp://weeklyfxdrivethru.com/disclaimer/','THE PREMIUM SERVICE - FEBRUARY PERFORMANCE','','publish','open','closed','','premium-service-february-performance','','','2018-03-01 18:05:22','2018-03-01 23:05:22','',0,'https://weeklyfxdrivethru.com/?p=11066',0,'post','',0),(11067,1,'2018-03-01 17:41:05','2018-03-01 22:41:05','With February now completed and my trading performance compiled there are a couple of key points and observations that I want to make to my wider audience beyond PREMIUM SERVICE subscribers.\r\n\r\n\r\n<span style=\"font-size: 14pt;\">STATISTICS:</span>\r\n\r\nFEBRUARY: NUMBER OF COMPLETED TRADES: 69\r\nFLASH TRADES = 14\r\nRADAR TRADES = 3\r\nMOMENTUM TRADES = 17\r\nFUNDAMENTAL TRADES = 15\r\nPOISITION TRADES = 20\r\n\r\nPIP TOTALS:\r\nFEBRUARY 2018: Total net pips = +2,414 pips\r\nYEAR TO DATE 2018: Total net pips = +3,892 pips\r\n\r\nPROFIT / LOSS RATIOS:\r\nFEBRUARY: 78% trades positive / 22% loss making trades\r\nYEAR TO DATE: 74% trades positive / 26% loss making trades\r\n\r\n<span style=\"font-size: 14pt;\">PERFORMANCE REPORTS:</span>\r\n\r\nThe excel speadsheets below show both the gross and net potential income opportunities trading with the PREMIUM SERVICE.\r\n\r\nBelow is the Year to Date spreadsheet showing the potential position so far for a trader who has subscribed with a FIXED PERIOD SUBSCRIPTION.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11061\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018-838x1024.png\" alt=\"\" width=\"838\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is the Year to Date spreadsheet showing various potential examples of income for traders who may have subscribed to the PREMIUM SERVICE using the MONTHLY ROLLOVER SUBSCRIPTION option.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018.jpg\"><img class=\"aligncenter size-large wp-image-11065\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018-1024x829.jpg\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE PREMIUM SERVICE - FEBRUARY PERFORMANCE','','inherit','closed','closed','','11066-revision-v1','','','2018-03-01 17:41:05','2018-03-01 22:41:05','',11066,'https://weeklyfxdrivethru.com/11066-revision-v1/',0,'revision','',0),(11068,1,'2018-03-01 18:00:32','2018-03-01 23:00:32','With February now completed and my trading performance compiled there are a couple of key points and observations that I want to make to my wider audience beyond PREMIUM SERVICE subscribers.\r\n\r\n<strong><span style=\"font-size: 14pt;\">STATISTICS:</span></strong>\r\n\r\nFEBRUARY: NUMBER OF COMPLETED TRADES: 69\r\nFLASH TRADES = 14\r\nRADAR TRADES = 3\r\nMOMENTUM TRADES = 17\r\nFUNDAMENTAL TRADES = 15\r\nPOISITION TRADES = 20\r\n\r\nPIP TOTALS:\r\nFEBRUARY 2018: Total net pips = +2,414 pips\r\nYEAR TO DATE 2018: Total net pips = +3,892 pips\r\n\r\nPROFIT / LOSS RATIOS:\r\nFEBRUARY: 78% trades positive / 22% loss making trades\r\nYEAR TO DATE: 74% trades positive / 26% loss making trades\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11049\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018-914x1024.png\" alt=\"\" width=\"914\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018-1024x815.png\" alt=\"\" width=\"1024\" height=\"815\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"font-size: 14pt;\">INCOME PERFORMANCE REPORTS:</span></strong>\r\n\r\nThe excel speadsheets below show both the gross and net potential income opportunities trading with the PREMIUM SERVICE.\r\n\r\nBelow are the February and Year to Date spreadsheets showing the potential position so far for a trader who has subscribed with a FIXED PERIOD SUBSCRIPTION.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11060\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018-798x1024.png\" alt=\"\" width=\"798\" height=\"1024\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11061\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018-838x1024.png\" alt=\"\" width=\"838\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is the Year to Date spreadsheet showing various potential examples of income for traders who may have subscribed to the PREMIUM SERVICE using the MONTHLY ROLLOVER SUBSCRIPTION option.\r\n\r\nThe shows the potential income opportunity based off whether you trade 1 or 5 MICRO, MINI or STANDARD lot position sizes.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018.jpg\"><img class=\"aligncenter size-large wp-image-11065\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018-1024x829.jpg\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\n&nbsp;\r\n\r\nIf you want to know more about the PREMIUM SERVICE, please check it out by visting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn my landing page there are various TABS across that top of the page that will provide you with all the information you require.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMarch 1st 2018','THE PREMIUM SERVICE - FEBRUARY PERFORMANCE','','inherit','closed','closed','','11066-revision-v1','','','2018-03-01 18:00:32','2018-03-01 23:00:32','',11066,'https://weeklyfxdrivethru.com/11066-revision-v1/',0,'revision','',0),(11069,1,'2018-03-01 18:04:44','2018-03-01 23:04:44','With February now completed and my trading performance compiled, there are a couple of key points and observations that I want to make to my wider audience beyond my existing PREMIUM SERVICE subscribers.\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"font-size: 14pt;\">STATISTICS:</span></strong>\r\n\r\nFEBRUARY: NUMBER OF COMPLETED TRADES: 69\r\nFLASH TRADES = 14\r\nRADAR TRADES = 3\r\nMOMENTUM TRADES = 17\r\nFUNDAMENTAL TRADES = 15\r\nPOISITION TRADES = 20\r\n\r\nPIP TOTALS:\r\nFEBRUARY 2018: Total net pips = +2,414 pips\r\nYEAR TO DATE 2018: Total net pips = +3,892 pips\r\n\r\nPROFIT / LOSS RATIOS:\r\nFEBRUARY: 78% trades positive / 22% loss making trades\r\nYEAR TO DATE: 74% trades positive / 26% loss making trades\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11049\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018-914x1024.png\" alt=\"\" width=\"914\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018-1024x815.png\" alt=\"\" width=\"1024\" height=\"815\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"font-size: 14pt;\">INCOME PERFORMANCE REPORTS:</span></strong>\r\n\r\nThe excel speadsheets below show both the gross and net potential income opportunities trading with the PREMIUM SERVICE.\r\n\r\nBelow are the February and Year to Date spreadsheets showing the potential position so far for a trader who has subscribed with a FIXED PERIOD SUBSCRIPTION.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11060\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018-798x1024.png\" alt=\"\" width=\"798\" height=\"1024\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11061\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018-838x1024.png\" alt=\"\" width=\"838\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is a Year to Date spreadsheet showing various potential examples of income for traders who may have subscribed to the PREMIUM SERVICE using the MONTHLY ROLLOVER SUBSCRIPTION option.\r\n\r\nThis shows the potential income opportunity both gross and net based off whether you trade 1 or 5 MICRO, MINI or STANDARD lot position sizes.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018.jpg\"><img class=\"aligncenter size-large wp-image-11065\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018-1024x829.jpg\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\n&nbsp;\r\n\r\nIf you want to know more about the PREMIUM SERVICE, please check it out by visting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn my landing page there are various TABS across that top of the page that will provide you with all the information you require.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMarch 1st 2018\r\nhttp://weeklyfxdrivethru.com/disclaimer/','THE PREMIUM SERVICE - FEBRUARY PERFORMANCE','','inherit','closed','closed','','11066-revision-v1','','','2018-03-01 18:04:44','2018-03-01 23:04:44','',11066,'https://weeklyfxdrivethru.com/11066-revision-v1/',0,'revision','',0),(11070,1,'2018-03-01 18:05:22','2018-03-01 23:05:22','With February now completed and my trading performance compiled, there are a couple of key points and observations that I want to make to my wider audience beyond my existing PREMIUM SERVICE subscribers.\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"font-size: 14pt;\">STATISTICS:</span></strong>\r\n\r\nFEBRUARY: NUMBER OF COMPLETED TRADES: 69\r\nFLASH TRADES = 14\r\nRADAR TRADES = 3\r\nMOMENTUM TRADES = 17\r\nFUNDAMENTAL TRADES = 15\r\nPOISITION TRADES = 20\r\n\r\nPIP TOTALS:\r\nFEBRUARY 2018: Total net pips = +2,414 pips\r\nYEAR TO DATE 2018: Total net pips = +3,892 pips\r\n\r\nPROFIT / LOSS RATIOS:\r\nFEBRUARY: 78% trades positive / 22% loss making trades\r\nYEAR TO DATE: 74% trades positive / 26% loss making trades\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11049\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PL-FEB2018-914x1024.png\" alt=\"\" width=\"914\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PIP-COMP-FEB2018-1024x815.png\" alt=\"\" width=\"1024\" height=\"815\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"font-size: 14pt;\">INCOME PERFORMANCE REPORTS:</span></strong>\r\n\r\nThe excel speadsheets below show both the gross and net potential income opportunities trading with the PREMIUM SERVICE.\r\n\r\nBelow are the February and Year to Date spreadsheets showing the potential position so far for a trader who has subscribed with a FIXED PERIOD SUBSCRIPTION.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018.png\"><img class=\"aligncenter size-large wp-image-11060\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PSPERF-FEB2018-798x1024.png\" alt=\"\" width=\"798\" height=\"1024\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018.png\"><img class=\"aligncenter size-large wp-image-11061\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/02/PS-PERF-YTDFEB2018-838x1024.png\" alt=\"\" width=\"838\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is a Year to Date spreadsheet showing various potential examples of income for traders who may have subscribed to the PREMIUM SERVICE using the MONTHLY ROLLOVER SUBSCRIPTION option.\r\n\r\nThis shows the potential income opportunity both gross and net based off whether you trade 1 or 5 MICRO, MINI or STANDARD lot position sizes.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018.jpg\"><img class=\"aligncenter size-large wp-image-11065\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018-1024x829.jpg\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\n&nbsp;\r\n\r\nIf you want to know more about the PREMIUM SERVICE, please check it out by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn my landing page there are various TABS across that top of the page that will provide you with all the information you require.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMarch 1st 2018\r\nhttp://weeklyfxdrivethru.com/disclaimer/','THE PREMIUM SERVICE - FEBRUARY PERFORMANCE','','inherit','closed','closed','','11066-revision-v1','','','2018-03-01 18:05:22','2018-03-01 23:05:22','',11066,'https://weeklyfxdrivethru.com/11066-revision-v1/',0,'revision','',0),(11071,1,'2018-03-03 05:56:10','2018-03-03 10:56:10','','BREXIT TIMELINE 03032018','','inherit','open','closed','','brexit-timeline-03032018','','','2018-03-03 06:14:19','2018-03-03 11:14:19','',11083,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/BREXIT-TIMELINE-03032018.png',0,'attachment','image/png',0),(11072,1,'2018-03-03 05:56:19','2018-03-03 10:56:19','','FLASH 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11:59:41','',3106,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/FUN-03032018.png',0,'attachment','image/png',0),(11076,1,'2018-03-03 05:56:54','2018-03-03 10:56:54','','POSITION 03032018','','inherit','open','closed','','position-03032018','','','2018-03-03 07:00:28','2018-03-03 12:00:28','',6965,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/POSITION-03032018.png',0,'attachment','image/png',0),(11077,1,'2018-03-03 05:56:57','2018-03-03 10:56:57','','PS SUMMARY 03032018','','inherit','open','closed','','ps-summary-03032018','','','2018-03-03 06:15:41','2018-03-03 11:15:41','',11083,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PS-SUMMARY-03032018.png',0,'attachment','image/png',0),(11078,1,'2018-03-03 05:57:08','2018-03-03 10:57:08','','TCHART 03032018','','inherit','open','closed','','tchart-03032018','','','2018-03-03 06:15:13','2018-03-03 11:15:13','',11083,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/TCHART-03032018.png',0,'attachment','image/png',0),(11079,1,'2018-03-03 05:57:12','2018-03-03 10:57:12','','SENTIMENT 03032018','','inherit','open','closed','','sentiment-03032018','','','2018-03-03 06:19:03','2018-03-03 11:19:03','',11083,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/SENTIMENT-03032018.png',0,'attachment','image/png',0),(11080,1,'2018-03-03 05:57:17','2018-03-03 10:57:17','','ECON DATA 03032018','','inherit','open','closed','','econ-data-03032018','','','2018-03-03 06:19:30','2018-03-03 11:19:30','',11083,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/ECON-DATA-03032018.png',0,'attachment','image/png',0),(11081,1,'2018-03-03 05:57:21','2018-03-03 10:57:21','','LIMIT ORDERS 03032018','','inherit','open','closed','','limit-orders-03032018','','','2018-03-03 06:20:50','2018-03-03 11:20:50','',11083,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIMIT-ORDERS-03032018.png',0,'attachment','image/png',0),(11082,1,'2018-03-03 05:57:26','2018-03-03 10:57:26','','LIVE TRADES 03032018','','inherit','open','closed','','live-trades-03032018','','','2018-03-03 06:20:41','2018-03-03 11:20:41','',11083,'https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIVE-TRADES-03032018.png',0,'attachment','image/png',0),(11083,1,'2018-03-03 06:43:04','2018-03-03 11:43:04','<ol>\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE FIRST SHOT:</strong></span></li>\r\n</ol>\r\nWelcome to the month of March.\r\n\r\nThe name of the month may have changed but the geopolitical and economic concerns that could send the FX market into either a tailspin or the ultimate short squeeze are still hanging over us like the “Sword of Damocles”.\r\n<ul>\r\n 	<li>ITALIAN ELECTIONS – COALITION PARTNERS UNCERTAINTY</li>\r\n 	<li>GERMANY - SPD PARTY VOTES ON COALITION DEAL with CDU</li>\r\n 	<li>BREXIT – EU &amp; UK IN GAME OF “HIGH STAKES CHICKEN”</li>\r\n 	<li>TRUMP – KICKING OFF A GLOBAL TRADE WAR</li>\r\n 	<li>JEROME POWELL – FED RATE HIKES in 201</li>\r\n 	<li>US 10YR YIELDS if BREAK THROUGH 3% sets up 4.5%</li>\r\n 	<li>BOJ – CHANGE IN MONETARY POLICY RE QQE in 2019?</li>\r\n</ul>\r\nHappy days... It’s all good fun and it ensures that we remain vigilant whilst staring at our trading screens.\r\n\r\nI have often said jokingly to friends that trading Forex one has to “Rub your tummy and scratch your head both at the same time” just to keep up at times, and what fascinates me most about trading currencies is that when you look at the list above, some are currency positive, some are currency negative. It is the inter-market reactions and correlations that keep you on your toes. Even more so at the moment as many correlations are “off” and correlations “do matter” when trading currencies.\r\n\r\nSo, it looks like there will be some fun ahead this week and when you add into the mix a full range of economic data releases as well, such as U.S. Non-Farm Payrolls, ECB Press Conference and Policy decisions, BOJ, RBA and BOC interest rate decisions and Central Bank statements, plus CAD jobs and Trade Balance and AUD Retail Sales, GDP and Trade Balance, it is set up to be a week of potential volatility.\r\n\r\nLet me make a bit of an understatement.... this week is a big week for data and reactions to geopolitical events.... no kidding!\r\n\r\nIf you are new to the FX market, this week could be one to sit back and merely just observe the price action.\r\n\r\nFinally, in this section...\r\n\r\nI think that in the last 12 months I have written or mentioned crypto currencies only once and that was in section 5, which only PREMIUM SERVICE subscribers see. I was asked a question during the week as to why I do not talk about them?\r\n\r\nMy answer is very easy and clear.\r\n\r\nUntil they are fully regulated and safe to trade, I am not interested.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> MARKET OVERVIEW – MY THOUGHTS:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>BREXIT AT A “MEXICAN STANDOFF”</strong></span></p>\r\nNow...\r\n\r\nWithout looking like I have read the book “THE ART OF THE DEAL”, I have to say that UK Prime Minister May’s fourth “APRES BREXIT” speech last Friday ticked lots of the boxes. Whilst the speech was just as much a speech to appeal to Conservative Party unity, it was also conciliatory for the EU in that she did NOT threaten to stamp her feet and walk away.\r\n\r\nWhether you rate Theresa May’s leadership or not, the speech hit every note that needed to be hit. She has to do this in my opinion.... why?\r\n\r\nNothing new here I’m afraid, it’s all to do with BREXIT CONTAGION.\r\n\r\nThe facts are very simple. The EU has as much, if not some would say, more to lose than the UK when the BREXIT finally happens.\r\n\r\nKeeping this very simple and straightforward, both the UK and the EU have lots to lose if they do not maintain equitable trade relations.\r\n\r\nIf the BREXIT agreement is seen as a “GOOD DEAL” to leave the EU, the fear from the EU is that the current EU27 (the number of countries currently members of the EUROPEAN UNION), could reduce to the EU25 or EU22... pick your own number.\r\n\r\nThe EU negotiating team led my Michel Barnier (Presently French Politician, ex. European Commissioner for Internal Market and Services 2010-2014) and supported by the likes of Donald Tusk (currently President of the European council and ex. Prime Minister of Poland) and Jean Claude Junker (President of the European commission and Luxembourg politician), are maintaining a HARD-RED LINE to demonstrate that, leaving the EU should be no “Bed of Roses”.\r\n\r\nThe simple facts are though, from my perspective that since the vote was taken via referendum to leave the EU by the UK voters in June 2016, very little appears to have happened by way of actually leaving.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/BREXIT-TIMELINE-03032018.png\"><img class=\"aligncenter size-large wp-image-11071\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/BREXIT-TIMELINE-03032018-985x1024.png\" alt=\"\" width=\"985\" height=\"1024\" /></a>\r\n\r\nFrom the chart above, basically following the trigger of Article 50 in March 2017 (a year ago) from my perspective it’s been a game of “HIGH STAKES CHICKEN” and a “MEXICAN STANDOFF” has taking hold. Neither side after stating their positions has really budged. You have to bear in mind, politicians rarely answer questions they state positions and all the major negotiators in the BREXIT from both sides are politicians at source.\r\n\r\nIn the past week both sides have literally regurgitated their positions under the pretext of breaking speeches important to the BREXIT negotiations.\r\n\r\nWill the negotiators meet the October deadline this year for a deal to be ratified by the EU27? The UK BREXIT date is 29<sup>th</sup> March 2019 at 23.00 CET.\r\n\r\nOK, so what has been done apart from both sides expelling a lot of hot air?\r\n\r\nThe EU Withdrawal Bill, which is intended to convert all existing EU laws into UK law to ensure there are no gaps in legislation on BREXIT day, has had two readings in the House of Commons and passed, however, it is now in the House of Lords who have said basically that it needs to be re-written!\r\n\r\nSo that\'s not much progress at all unless the re-writes can find support back in front of MP’s when it is pushed back and amended. It will require a commons committee to co-ordinate amendments. This will make it close to deadline day for signing into law, assuming that the “Lords” like the new wording and can ratify the paper on time and not create delays!\r\n\r\nThe sticking points seem to be only: -\r\n\r\n&nbsp;\r\n<ol>\r\n 	<li>CITIZENS RIGHTS - The ECJ (The European Court of Justice):It’s all about the role it plays in protecting the rights of EU citizens living and working in the UK following BREXIT. The hardline BREXIT MP’s say that regaining sovereignty means removing the UK from the meddling by EU judges. The UK has the same issues for British ex pats living around the EU.This is a biggie. The EU does not want the UK meddling in its courts and vice-versa.</li>\r\n 	<li>The IRISH BORDER:Maybe a little naïve on my part but I thought this would not be a problem when heads were smacked together. I thought “Take a look at Switzerland”; which is not in the EU, you can drive in and out of Switzerland from Germany, France or Italy. There are no hard borders. Am I over simplifying this issue?The trade agreement with Switzerland accommodates NO HARD BORDER.</li>\r\n 	<li>The DIVORCE BILL:The settlement amount to be paid by the UK to exit the EU has varied tremendously depending upon who is talking at the time and from which side of the negotiating table. It is now believed to be in the region €60 Billion (£50 Billion).There are many people who say “BOLLOCKS, the UK has paid enough just walk away”. I hear these comments but from the UK government perspective, the BREXIT bill is really the price to pay for a future trade deal. From the EU perspective it is all about settling past debts (EU Staff pension, loan guarantees and aid scheme contributions such as Syrian refugees etc.)</li>\r\n 	<li>TRADE DEAL &amp; THE CUSTOMS UNION:This is at the centre of the debate at the moment the UK opposition leader Jeremy Corbyn wants a customs union. This basically would keep the UK in a “FREE TRADE ZONE”. Internally, the “zone” is free of tariffs, which are only charged at the “zones” point of entry.By the letter, as far as I can see BREXIT = leaving the customs union. I therefore cannot understand how in the name of sanity Corbyn can adopt such a stance without going against the “will” of the people? On top of this minor point... the EU would view this as pure cherry picking and frankly unrealistic, more like political posturing than anything else.Theresa May outlined a proposal last Friday on trade, confirming the exit of the customs union but proposed having an associate status to charge and forward EU receipts and add any UK costs as items enter the ”zone”. Hmmn...Jeremy Corbyn revisited?\r\n\r\nThis is a massive area not just to get an agreement, but jobs and manufacturing businesses in both the UK and EU rest on this outcome. This will require huge debate between the UK and EU negotiators.</li>\r\n</ol>\r\nNow, there may be more sticking points, but these are the 4 that continue to resonate with me over and over again vis-à-vis the BREXIT negotiations.\r\n\r\nObviously, the UK position is to “Cherry Pick” and the EU position is to ensure the UK does not.\r\n\r\nThe next deadline is October this year, when there is a deadline for the deal to be completed.\r\n\r\nI still have my doubts that this timeline can be agreed. The UK will want a blanket agreement in order that it can have some flexibility in the future, to deal with potential one-off cases that could be missed during the negotiations. The EU has Brussels; Brussels is non-elected, full of expense drive bureaucrats, who’s existence is justified and possibly measured on how many i’s and t’s can be dotted and crossed.\r\n\r\nWe appear to have a “MEXICAN STANDOFF” both sides are more than happy to state their positions. As mentioned earlier, this is what politicians do. Whilst this can be viewing as amusing to some people, the clock is ticking away in the background.\r\n\r\nObviously, both sides will yield some ground in order to get an agreement, what the final draft looks like, who knows at this stage.\r\n\r\nFrom a trading perspective the continued uncertainty is weighing on the GBP but not EUR, which I admit surprises me a little. As I have said of late cross-rates offer the best opportunities and given TRUMP’s latest moves on tariffs, maybe staying away from the USD is also not a bad idea!\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>USD SUPPORT and RESISTANCE with my BIAS:</strong></span></li>\r\n</ol>\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/TCHART-03032018.png\"><img class=\"aligncenter size-large wp-image-11078\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/TCHART-03032018-1024x894.png\" alt=\"\" width=\"1024\" height=\"894\" /></a></strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE TRADING SUMMARY:</strong></span></li>\r\n</ol>\r\n<u>PREMIUM SERVICE PERFORMANCE YEAR TO DATE:</u>\r\n\r\n(Incorporating the last 5 PREMIUM SERVICE TRADES)\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PS-SUMMARY-03032018.png\"><img class=\"aligncenter size-large wp-image-11077\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PS-SUMMARY-03032018-1024x869.png\" alt=\"\" width=\"1024\" height=\"869\" /></a>\r\n\r\nYou can get on board and join from as little as CAD$10 for 10 days and then CAD$150.00 per month, currency conversions for CAD$150 are roughly as follows: -\r\n\r\nGBP £90 per month\r\nEUR €100 per month\r\nUSD $120 per month\r\nJPY 12,700 per month\r\nAUD $150 per month\r\n\r\nThis represents a great value way to subscribe…  and a great RISK / REWARD!\r\n\r\nMoving on...\r\n\r\n<a href=\"mailto:d*****@gmail.com\">d*****@gmail.com</a> has won the monthly draw for a FREE 30-DAY subscription to the PREMIUM SERVICE. By the time this blog is posted hopefully he or she will be fully equipped with all the supporting data and ready to receive!\r\n\r\nStill more about THE PREMIUM SERVICE this week...\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – FEBRUARY 2108:\r\nThe PREMIUM SERVICE generated a total of 2,414 net pips, taking the year to date number to 3,892 pips.\r\n78% of trades in February made $$$\r\n22% of trades in February lost $$$\r\nYear to date it\'s a 74% / 26% ratio\r\nIn comparison to 2017, the PREMIUM SERVICE is 3,145 pips ahead of the year to date performance at the same time.</p>\r\nThe spreadsheet below shows you the potential earnings that were made in February and the year to date based upon being a trader who trades single or 5 lots of either MICRO, MINI or STANDARD size.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018.jpg\"><img class=\"aligncenter size-large wp-image-11065\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018-1024x829.jpg\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\nAs you can see from the spreadsheet above ALL types of traders even single micro lot traders would be positive after the first two months this year. Being realistic, I would NOT expect single micro lot traders to benefit much in a full year, but it does show that risking just $0.10 per trade can generate an income.\r\n\r\nFrom a longer-term perspective my thoughts are along the lines that from 5 x micro lots upwards, risking a minimum of just $0.50 cents per trade will generate a small positive income after costs. There are obviously no guarantees with income, I cannot guarantee this and as you know you trade with RISK. However, with managed RISK there are opportunities for micro lot traders.\r\n\r\nMoving up the scale single mini lot ($1.00 per trade) traders and above have since 2014 been able to generate a net income after costs have been applied and although there are still RISKS, again with RISK MANAGEMENT these RISKS can be managed.\r\n\r\nThe bottom line is that since 2014 the PREMIUM SERVICE has been profitable.\r\n\r\nTherefore...\r\n\r\nI am obviously delighted, over the moon, a happy bunny, you use whatever phrase or terminology you prefer but to say that 2018 has started with a bang is the second understatement I have made in this blog so far!\r\n\r\nYou can subscribe for periods as well. Go to my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> for more details under the TAB – “SUBSCRIBE HERE”.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>PREMIUM SERVICE SUBSCRIBERS:</strong></span></li>\r\n</ol>\r\n(This section is for PREMIUM SUBSCRIBERS ONLY)\r\n\r\n<u>5.1. TRADING REVIEW:</u>\r\n\r\nFEBRUARY 2018 net PIP TOTAL: 2,414 pips\r\nYEAR TO DATE net PIP TOTAL: 3.892 pips\r\nP+L trades ratio monthly: 78% / 22%\r\nP+L trades year to date ratio: 74% / 26%\r\n\r\nAll trade styles made pips in February and year to date all trade styles are now positive. Next month at the end of Q1 it is my intention to review the mix of trade styles as a percentage of the total.\r\n\r\nYou would have noticed that recently, I have placed trade set ups with both FUNDAMENTAL and MOMENTUM trade options. I am hoping that this will help the subscribers who have requested more flexibility with RISK parameters when adding up all the stop loss contingent liabilities. I am sure you will understand this does increase my RISK, so I cannot do this across the board.\r\n\r\nLooking back over February as a month. The short-term trades (FLASH and RADAR) suffered by way of quantity of trades, I am aware of this and hopefully this will level out as we move forward. My initial goals are obviously RISK, then $$$ and pips, trade style mix is a little down my list.\r\n\r\nLooking back through my excel spreadsheets, the vast majority of trades in February that made pips involved the JPY, NZD and AUD; there were also a number of GBP cross rate trades as well.\r\n\r\n&nbsp;\r\n\r\n<u>5.2. SENTIMENT,</u><u> FUNDAMENTAL &amp; MACRO THOUGHTS</u><u>:</u>\r\n\r\n&nbsp;\r\n\r\nAt the beginning of this blog I listed the following geopolitical event RISK hanging over the market at the moment: -\r\n<ul>\r\n 	<li>ITALIAN ELECTIONS – COALITION PARTNERS UNCERTAINTY</li>\r\n 	<li>GERMANY - SPD PARTY VOTES ON COALITION DEAL with CDU</li>\r\n 	<li>BREXIT – EU &amp; UK IN GAME OF “HIGH STAKES CHICKEN”</li>\r\n 	<li>TRUMP – KICKING OFF A GLOBAL TRADE WAR</li>\r\n 	<li>JEROME POWELL – FED RATE HIKES in 2018</li>\r\n 	<li>S. 10YR YIELDS if BREAK THROUGH 3% sets up 4.5%</li>\r\n 	<li>BOJ – CHANGE IN MONETARY POLICY RE QQE in 2019?</li>\r\n</ul>\r\nPLUS:\r\n<ul>\r\n 	<li>AUD - RBA Rate Statement, Retail Sales, Trade Balance, Current Account and GDP.</li>\r\n 	<li>GBP – Annual Budget Release, Services PMi and Manufacturing Production.</li>\r\n 	<li>USD – ADP, NFP and Average Hourly Earnings.</li>\r\n 	<li>CAD – BOC Rate Statement and Employment Data.</li>\r\n 	<li>JPY – BOJ Monetary Policy Statement and Press Conference.</li>\r\n 	<li>EUR – Rate Statement and Press Conference.</li>\r\n</ul>\r\nIt\'s a big week; without doubt the biggest so far this year.\r\n\r\nThere are no changes to my overall FUNDAMENTAL / MACRO THOUGHTS for 2018.\r\n\r\nI am still bearish the NZD although the AUD/NZD cross rate selling is really affecting my NZD trades at the moment.\r\n\r\nComing out from the background, I am now openly bullish the JPY currency and I am actively shorting JPY pairs across the board. This move is greatly enhanced following Kuroda’s announcement that the BOJ will start to normalize monetary policy next year.\r\n\r\nThe AUD is trading very heavy and there is a strong chance of a larger move lower. This is reinforced with the uncertainty surrounding TRUMP’s tariff promises. This week we should get some flesh on the bone of this policy.\r\n\r\nThe GBP is on hold as I mentioned last week. I do see the GBP moving much higher, but I think that until we see a BREXIT definitive agreement on policy, we are at risk of 100-200 pip drop in the GBP/USD with a knock-on effect into the GBP cross rate pairs.\r\n\r\nThe EUR is annoying. It is very well supported, and I am really annoyed with myself that I took my long trade with the entry of 1.2160 off the table. It was a well thought out level, the pair bounced of lows of 1.2154! ... argh!!!!  For now, I will wait until after the ECB before returning to more EUR trades.\r\n\r\nWith regards to this week, obviously RISK is higher than normal. I will slow down on set ups and starting early in the week I will be reducing RISK across the board.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/SENTIMENT-03032018.png\"><img class=\"aligncenter size-large wp-image-11079\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/SENTIMENT-03032018-788x1024.png\" alt=\"\" width=\"788\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>5.3. THE WEEK AHEAD:</u>\r\n\r\n<u>5.3.1. ECONOMIC DATA RELEASES THAT INTEREST ME:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/ECON-DATA-03032018.png\"><img class=\"aligncenter size-large wp-image-11080\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/ECON-DATA-03032018-1024x948.png\" alt=\"\" width=\"1024\" height=\"948\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>5.3.2. MY KEY EVENTS ON THIS WEEK’S CALENDAR AND WHY:</u>\r\n\r\nThere are only two events that have my attention this week.\r\n\r\n<u>AUD: Current Account, Retail Sales, RBA Rate Statement and Trade Balance.</u>\r\n\r\nIt\'s a big week for the AUD.\r\n\r\nTrade wise. I am holding and will hold through these events short AUD/USD and long AUD/NZD. I am therefore basically hedged.\r\n\r\n<u>CAD: BOC Rate Decision and Jobs Data.</u>\r\n\r\nI want to be bearish the USD/CAD but with NAFTA and now TRUMP Tariffs on imports hanging over the CAD currency, it may be that I will have to wait a little longer. With these items hanging over the BOC I cannot see with the attached uncertainty that Stephen Poloz will be making changes to the interest rate. The actual statement will be read closely, and the employment numbers will be noted.\r\n\r\nPoloz has openly stated that moves in the CAD are data dependent. I would add that any interest rate move is also TRUMP dependent.\r\n\r\nIt is my intention to have NO CAD exposure ahead of these news items.\r\n\r\n<u>USD: ADP and NFP Employment Data.</u>\r\n\r\nI think that I am adding these news events because one feels as a Forex trader that the biggest monthly news event (NFP) should always be noted. I do not think that this set of jobs data will be vital to influence whether or not the FED raises U.S. interest rates later this month or not, but I do think that it will be important to the voting members of the FED from a forward-looking sentiment perspective.\r\n\r\nI don\'t intend to trade NFP with new positions, just manage existing.\r\n\r\n<u>EUR: ECB Rate Statement and Press Conference.</u>\r\n\r\nWill Mario Draghi open up and offer more detail about the future tapering and interest rate normalization policies for the EUROZONE moving forward?\r\n\r\nMaybe, but probably not, I do NOT expect any forward guidance at all.\r\n\r\nI suspect that he will do whatever he needs to do NOT to rock the boat. He will get the same old questions starting with, when, how much and what happens if? He will swat these away as if holding a tennis racquet chasing a wasp around a picnic table.\r\n\r\nIt is however, the jewel in the crown vis-à-vis the economic data releases this coming week. It can always be a market mover.\r\n\r\nI will have no EUR exposure entering this news event.\r\n\r\n&nbsp;\r\n\r\n<u>5.3.3. HOW I WILL APPROACH and TRADE THE MARKET THIS WEEK:</u>\r\n\r\nI have mentioned this a couple of times already. This is a big week on the horizon, and frankly, to trade this coming week with any gusto is in my mind being bloody stupid.\r\n\r\nAdd together the list of geopolitical events and the economic data releases and it does NOT take a rocket scientist to evaluate the result that to be sidelined may be the best option. My brain is telling me that the market may be more news driven this week than by any fundamentals via economic data and the technical set ups may be ignored in times of high volatility.\r\n\r\nTherefore, my market approach will be caution and restrain.\r\n\r\n<u>\r\n</u><u>5.3.4. MY “MACRO” TRADING PLAN FOR THE WEEK AHEAD:</u>\r\n\r\nIn the background this week, I will be working hard on setting goals / objectives into my TRADE PALN to accommodate my fundamental thoughts moving into Q2 and Q3.\r\n\r\nThe PREMIUM SERVICE is well ahead of its “pip” objective for 2018 and the first two days of March has also produced +488 pips. I do not intend to sit back but I want to have my TRADE PLAN spot on in my mind and on paper to take into account the very recent geopolitical events.\r\n<ol>\r\n 	<li>Add NZD trades when appropriate.\r\nI want to add back NZD/USD and NZD/JPY trades.</li>\r\n 	<li>Plan my targets and approach to the JPY following the BOJ announcement regarding QQE and interest rate normalization. This may need to wait until after the BOJ meeting.\r\nI want to have a plan based now solely on USD/JPY but also some of the cross-rate JPY pairs.</li>\r\n 	<li>Formulate strategies with: -\r\nEUR long for Q2.\r\nAUD short from now through Q2.\r\nCAD short following BOC meeting from now through Q2.</li>\r\n</ol>\r\n<u>5.4. CURRENT LIVE TRADES &amp; LIMIT ORDERS:</u>\r\n\r\n<u>5.4.1. CURRENT LIVE TRADES:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIVE-TRADES-03032018.png\"><img class=\"aligncenter size-large wp-image-11082\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIVE-TRADES-03032018-662x1024.png\" alt=\"\" width=\"662\" height=\"1024\" /></a>\r\n\r\n<u>5.4.2. CURRENT LIMIT ORDER TRADES:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIMIT-ORDERS-03032018.png\"><img class=\"aligncenter size-large wp-image-11081\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIMIT-ORDERS-03032018-718x1024.png\" alt=\"\" width=\"718\" height=\"1024\" /></a>\r\n\r\n<u>5.5. FX BROKER NEWS and MARKET FEEDBACK:</u>\r\n\r\nNothing to report this week. All very quiet on the broker front apart from the continued explosion into trading “Crypto” currencies.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE FINAL SHOT:</strong></span></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\nScott Pickering\r\nThe Pip Accumulator\r\nTwitter: @ThePremService\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #168 PREMIUM SERVICE\r\nDATE: 3<sup>rd</sup> March 2018\r\n\r\n&nbsp;\r\n\r\n&nbsp;','BREXIT AT A “MEXICAN STANDOFF”','','publish','open','closed','','brexit-mexican-standoff','','','2018-03-03 06:43:04','2018-03-03 11:43:04','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=11083',0,'member_posts','',0),(11084,1,'2018-03-03 06:23:40','2018-03-03 11:23:40','<ol>\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE FIRST SHOT:</strong></span></li>\r\n</ol>\r\nWelcome to the month of March.\r\n\r\nThe name of the month may have changed but the geopolitical and economic concerns that could send the FX market into either a tailspin or the ultimate short squeeze are still hanging over us like the “Sword of Damocles”.\r\n<ul>\r\n 	<li>ITALIAN ELECTIONS – COALITION PARTNERS UNCERTAINTY</li>\r\n 	<li>GERMANY - SPD PARTY VOTES ON COALITION DEAL with CDU</li>\r\n 	<li>BREXIT – EU &amp; UK IN GAME OF “HIGH STAKES CHICKEN”</li>\r\n 	<li>TRUMP – KICKING OFF A GLOBAL TRADE WAR</li>\r\n 	<li>JEROME POWELL – FED RATE HIKES in 201</li>\r\n 	<li>US 10YR YIELDS if BREAK THROUGH 3% sets up 4.5%</li>\r\n 	<li>BOJ – CHANGE IN MONETARY POLICY RE QQE in 2019?</li>\r\n</ul>\r\nHappy days... It’s all good fun and it ensures that we remain vigilant whilst staring at our trading screens.\r\n\r\nI have often said jokingly to friends that trading Forex one has to “Rub your tummy and scratch your head both at the same time” just to keep up at times, and what fascinates me most about trading currencies is that when you look at the list above, some are currency positive, some are currency negative. It is the inter-market reactions and correlations that keep you on your toes. Even more so at the moment as many correlations are “off” and correlations “do matter” when trading currencies.\r\n\r\nSo, it looks like there will be some fun ahead this week and when you add into the mix a full range of economic data releases as well, such as U.S. Non-Farm Payrolls, ECB Press Conference and Policy decisions, BOJ, RBA and BOC interest rate decisions and Central Bank statements, plus CAD jobs and Trade Balance and AUD Retail Sales, GDP and Trade Balance, it is set up to be a week of potential volatility.\r\n\r\nLet me make a bit of an understatement.... this week is a big week for data and reactions to geopolitical events.... no kidding!\r\n\r\nIf you are new to the FX market, this week could be one to sit back and merely just observe the price action.\r\n\r\nFinally, in this section...\r\n\r\nI think that in the last 12 months I have written or mentioned crypto currencies only once and that was in section 5, which only PREMIUM SERVICE subscribers see. I was asked a question during the week as to why I do not talk about them?\r\n\r\nMy answer is very easy and clear.\r\n\r\nUntil they are fully regulated and safe to trade, I am not interested.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong> MARKET OVERVIEW – MY THOUGHTS:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>BREXIT AT A “MEXICAN STANDOFF”</strong></span></p>\r\nNow...\r\n\r\nWithout looking like I have read the book “THE ART OF THE DEAL”, I have to say that UK Prime Minister May’s fourth “APRES BREXIT” speech last Friday ticked lots of the boxes. Whilst the speech was just as much a speech to appeal to Conservative Party unity, it was also conciliatory for the EU in that she did NOT threaten to stamp her feet and walk away.\r\n\r\nWhether you rate Theresa May’s leadership or not, the speech hit every note that needed to be hit. She has to do this in my opinion.... why?\r\n\r\nNothing new here I’m afraid, it’s all to do with BREXIT CONTAGION.\r\n\r\nThe facts are very simple. The EU has as much, if not some would say, more to lose than the UK when the BREXIT finally happens.\r\n\r\nKeeping this very simple and straightforward, both the UK and the EU have lots to lose if they do not maintain equitable trade relations.\r\n\r\nIf the BREXIT agreement is seen as a “GOOD DEAL” to leave the EU, the fear from the EU is that the current EU27 (the number of countries currently members of the EUROPEAN UNION), could reduce to the EU25 or EU22... pick your own number.\r\n\r\nThe EU negotiating team led my Michel Barnier (Presently French Politician, ex. European Commissioner for Internal Market and Services 2010-2014) and supported by the likes of Donald Tusk (currently President of the European council and ex. Prime Minister of Poland) and Jean Claude Junker (President of the European commission and Luxembourg politician), are maintaining a HARD-RED LINE to demonstrate that, leaving the EU should be no “Bed of Roses”.\r\n\r\nThe simple facts are though, from my perspective that since the vote was taken via referendum to leave the EU by the UK voters in June 2016, very little appears to have happened by way of actually leaving.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/BREXIT-TIMELINE-03032018.png\"><img class=\"aligncenter size-large wp-image-11071\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/BREXIT-TIMELINE-03032018-985x1024.png\" alt=\"\" width=\"985\" height=\"1024\" /></a>\r\n\r\nFrom the chart above, basically following the trigger of Article 50 in March 2017 (a year ago) from my perspective it’s been a game of “HIGH STAKES CHICKEN” and a “MEXICAN STANDOFF” has taking hold. Neither side after stating their positions has really budged. You have to bear in mind, politicians rarely answer questions they state positions and all the major negotiators in the BREXIT from both sides are politicians at source.\r\n\r\nIn the past week both sides have literally regurgitated their positions under the pretext of breaking speeches important to the BREXIT negotiations.\r\n\r\nWill the negotiators meet the October deadline this year for a deal to be ratified by the EU27? The UK BREXIT date is 29<sup>th</sup> March 2019 at 23.00 CET.\r\n\r\nOK, so what has been done apart from both sides expelling a lot of hot air?\r\n\r\nThe EU Withdrawal Bill, which is intended to convert all existing EU laws into UK law to ensure there are no gaps in legislation on BREXIT day, has had two readings in the House of Commons and passed, however, it is now in the House of Lords who have said basically that it needs to be re-written!\r\n\r\nSo that\'s not much progress at all unless the re-writes can find support back in front of MP’s when it is pushed back and amended. It will require a commons committee to co-ordinate amendments. This will make it close to deadline day for signing into law, assuming that the “Lords” like the new wording and can ratify the paper on time and not create delays!\r\n\r\nThe sticking points seem to be only: -\r\n\r\n&nbsp;\r\n<ol>\r\n 	<li>CITIZENS RIGHTS - The ECJ (The European Court of Justice):\r\n\r\nIt’s all about the role it plays in protecting the rights of EU citizens living and working in the UK following BREXIT. The hardline BREXIT MP’s say that regaining sovereignty means removing the UK from the meddling by EU judges. The UK has the same issues for British ex pats living around the EU.\r\n\r\nThis is a biggie. The EU does not want the UK meddling in its courts and vice-versa.</li>\r\n 	<li>The IRISH BORDER:\r\n\r\nMaybe a little naïve on my part but I thought this would not be a problem when heads were smacked together. I thought “Take a look at Switzerland”; which is not in the EU, you can drive in and out of Switzerland from Germany, France or Italy. There are no hard borders. Am I over simplifying this issue?\r\n\r\nThe trade agreement with Switzerland accommodates NO HARD BORDER.</li>\r\n 	<li>The DIVORCE BILL:\r\n\r\nThe settlement amount to be paid by the UK to exit the EU has varied tremendously depending upon who is talking at the time and from which side of the negotiating table. It is now believed to be in the region €60 Billion (£50 Billion).\r\n\r\nThere are many people who say “BOLLOCKS, the UK has paid enough just walk away”. I hear these comments but from the UK government perspective, the BREXIT bill is really the price to pay for a future trade deal. From the EU perspective it is all about settling past debts (EU Staff pension, loan guarantees and aid scheme contributions such as Syrian refugees etc.)</li>\r\n 	<li>TRADE DEAL &amp; THE CUSTOMS UNION:\r\n\r\nThis is at the centre of the debate at the moment the UK opposition leader Jeremy Corbyn wants a customs union. This basically would keep the UK in a “FREE TRADE ZONE”. Internally, the “zone” is free of tariffs, which are only charged at the “zones” point of entry.\r\n\r\nBy the letter, as far as I can see BREXIT = leaving the customs union. I therefore cannot understand how in the name of sanity Corbyn can adopt such a stance without going against the “will” of the people? On top of this minor point... the EU would view this as pure cherry picking and frankly unrealistic, more like political posturing than anything else.\r\n\r\nTheresa May outlined a proposal last Friday on trade, confirming the exit of the customs union but proposed having an associate status to charge and forward EU receipts and add any UK costs as items enter the ”zone”. Hmmn...Jeremy Corbyn revisited?\r\n\r\nThis is a massive area not just to get an agreement, but jobs and manufacturing businesses in both the UK and EU rest on this outcome. This will require huge debate between the UK and EU negotiators.</li>\r\n</ol>\r\nNow, there may be more sticking points, but these are the 4 that continue to resonate with me over and over again vis-à-vis the BREXIT negotiations.\r\n\r\nObviously, the UK position is to “Cherry Pick” and the EU position is to ensure the UK does not.\r\n\r\nThe next deadline is October this year, when there is a deadline for the deal to be completed.\r\n\r\nI still have my doubts that this timeline can be agreed. The UK will want a blanket agreement in order that it can have some flexibility in the future, to deal with potential one-off cases that could be missed during the negotiations. The EU has Brussels; Brussels is non-elected, full of expense drive bureaucrats, who’s existence is justified and possibly measured on how many i’s and t’s can be dotted and crossed.\r\n\r\nWe appear to have a “MEXICAN STANDOFF” both sides are more than happy to state their positions. As mentioned earlier, this is what politicians do. Whilst this can be viewing as amusing to some people, the clock is ticking away in the background.\r\n\r\nObviously, both sides will yield some ground in order to get an agreement, what the final draft looks like, who knows at this stage.\r\n\r\nFrom a trading perspective the continued uncertainty is weighing on the GBP but not EUR, which I admit surprises me a little. As I have said of late cross-rates offer the best opportunities and given TRUMP’s latest moves on tariffs, maybe staying away from the USD is also not a bad idea!\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>USD SUPPORT and RESISTANCE with my BIAS:</strong></span></li>\r\n</ol>\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/TCHART-03032018.png\"><img class=\"aligncenter size-large wp-image-11078\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/TCHART-03032018-1024x894.png\" alt=\"\" width=\"1024\" height=\"894\" /></a></strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE TRADING SUMMARY:</strong></span></li>\r\n</ol>\r\n<u>PREMIUM SERVICE PERFORMANCE YEAR TO DATE:</u>\r\n\r\n(Incorporating the last 5 PREMIUM SERVICE TRADES)\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PS-SUMMARY-03032018.png\"><img class=\"aligncenter size-large wp-image-11077\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PS-SUMMARY-03032018-1024x869.png\" alt=\"\" width=\"1024\" height=\"869\" /></a>\r\n\r\nYou can get on board and join from as little as CAD$10 for 10 days and then CAD$150.00 per month, currency conversions for CAD$150 are roughly as follows: -\r\n\r\nGBP £90 per month\r\nEUR €100 per month\r\nUSD $120 per month\r\nJPY 12,700 per month\r\nAUD $150 per month\r\n\r\nThis represents a great value way to subscribe…  and a great RISK / REWARD!\r\n\r\nMoving on...\r\n\r\n<a href=\"mailto:d*****@gmail.com\">d*****@gmail.com</a> has won the monthly draw for a FREE 30-DAY subscription to the PREMIUM SERVICE. By the time this blog is posted hopefully he or she will be fully equipped with all the supporting data and ready to receive!\r\n\r\nStill more about THE PREMIUM SERVICE this week...\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – FEBRUARY 2108:\r\nThe PREMIUM SERVICE generated a total of 2,414 net pips, taking the year to date number to 3,892 pips.\r\n78% of trades in February made $$$\r\n22% of trades in February lost $$$\r\nYear to date it\'s a 74% / 26% ratio\r\nIn comparison to 2017, the PREMIUM SERVICE is 3,145 pips ahead of the year to date performance at the same time.</p>\r\nThe spreadsheet below shows you the potential earnings that were made in February and the year to date based upon being a trader who trades single or 5 lots of either MICRO, MINI or STANDARD size.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018.jpg\"><img class=\"aligncenter size-large wp-image-11065\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/PREMIUM-SERVICE-PERF.-JAN-FEB-2018-1024x829.jpg\" alt=\"\" width=\"1024\" height=\"829\" /></a>\r\n\r\nAs you can see from the spreadsheet above ALL types of traders even single micro lot traders would be positive after the first two months this year. Being realistic, I would NOT expect single micro lot traders to benefit much in a full year, but it does show that risking just $0.10 per trade can generate an income.\r\n\r\nFrom a longer-term perspective my thoughts are along the lines that from 5 x micro lots upwards, risking a minimum of just $0.50 cents per trade will generate a small positive income after costs. There are obviously no guarantees with income, I cannot guarantee this and as you know you trade with RISK. However, with managed RISK there are opportunities for micro lot traders.\r\n\r\nMoving up the scale single mini lot ($1.00 per trade) traders and above have since 2014 been able to generate a net income after costs have been applied and although there are still RISKS, again with RISK MANAGEMENT these RISKS can be managed.\r\n\r\nThe bottom line is that since 2014 the PREMIUM SERVICE has been profitable.\r\n\r\nTherefore...\r\n\r\nI am obviously delighted, over the moon, a happy bunny, you use whatever phrase or terminology you prefer but to say that 2018 has started with a bang is the second understatement I have made in this blog so far!\r\n\r\nYou can subscribe for periods as well. Go to my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> for more details under the TAB – “SUBSCRIBE HERE”.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>PREMIUM SERVICE SUBSCRIBERS:</strong></span></li>\r\n</ol>\r\n(This section is for PREMIUM SUBSCRIBERS ONLY)\r\n\r\n<u>5.1. TRADING REVIEW:</u>\r\n\r\nFEBRUARY 2018 net PIP TOTAL: 2,414 pips\r\nYEAR TO DATE net PIP TOTAL: 3.892 pips\r\nP+L trades ratio monthly: 78% / 22%\r\nP+L trades year to date ratio: 74% / 26%\r\n\r\nAll trade styles made pips in February and year to date all trade styles are now positive. Next month at the end of Q1 it is my intention to review the mix of trade styles as a percentage of the total.\r\n\r\nYou would have noticed that recently, I have placed trade set ups with both FUNDAMENTAL and MOMENTUM trade options. I am hoping that this will help the subscribers who have requested more flexibility with RISK parameters when adding up all the stop loss contingent liabilities. I am sure you will understand this does increase my RISK, so I cannot do this across the board.\r\n\r\nLooking back over February as a month. The short-term trades (FLASH and RADAR) suffered by way of quantity of trades, I am aware of this and hopefully this will level out as we move forward. My initial goals are obviously RISK, then $$$ and pips, trade style mix is a little down my list.\r\n\r\nLooking back through my excel spreadsheets, the vast majority of trades in February that made pips involved the JPY, NZD and AUD; there were also a number of GBP cross rate trades as well.\r\n\r\n&nbsp;\r\n\r\n<u>5.2. SENTIMENT,</u><u> FUNDAMENTAL &amp; MACRO THOUGHTS</u><u>:\r\n\r\n</u>\r\n\r\nAt the beginning of this blog I listed the following geopolitical event RISK hanging over the market at the moment: -\r\n<ul>\r\n 	<li>ITALIAN ELECTIONS – COALITION PARTNERS UNCERTAINTY</li>\r\n 	<li>GERMANY - SPD PARTY VOTES ON COALITION DEAL with CDU</li>\r\n 	<li>BREXIT – EU &amp; UK IN GAME OF “HIGH STAKES CHICKEN”</li>\r\n 	<li>TRUMP – KICKING OFF A GLOBAL TRADE WAR</li>\r\n 	<li>JEROME POWELL – FED RATE HIKES in 2018</li>\r\n 	<li>S. 10YR YIELDS if BREAK THROUGH 3% sets up 4.5%</li>\r\n 	<li>BOJ – CHANGE IN MONETARY POLICY RE QQE in 2019?</li>\r\n</ul>\r\nPLUS:\r\n<ul>\r\n 	<li>AUD - RBA Rate Statement, Retail Sales, Trade Balance, Current Account and GDP.</li>\r\n 	<li>GBP – Annual Budget Release, Services PMi and Manufacturing Production.</li>\r\n 	<li>USD – ADP, NFP and Average Hourly Earnings.</li>\r\n 	<li>CAD – BOC Rate Statement and Employment Data.</li>\r\n 	<li>JPY – BOJ Monetary Policy Statement and Press Conference.</li>\r\n 	<li>EUR – Rate Statement and Press Conference.</li>\r\n</ul>\r\nIt\'s a big week; without doubt the biggest so far this year.\r\n\r\nThere are no changes to my overall FUNDAMENTAL / MACRO THOUGHTS for 2018.\r\n\r\nI am still bearish the NZD although the AUD/NZD cross rate selling is really affecting my NZD trades at the moment.\r\n\r\nComing out from the background, I am now openly bullish the JPY currency and I am actively shorting JPY pairs across the board. This move is greatly enhanced following Kuroda’s announcement that the BOJ will start to normalize monetary policy next year.\r\n\r\nThe AUD is trading very heavy and there is a strong chance of a larger move lower. This is reinforced with the uncertainty surrounding TRUMP’s tariff promises. This week we should get some flesh on the bone of this policy.\r\n\r\nThe GBP is on hold as I mentioned last week. I do see the GBP moving much higher, but I think that until we see a BREXIT definitive agreement on policy, we are at risk of 100-200 pip drop in the GBP/USD with a knock-on effect into the GBP cross rate pairs.\r\n\r\nThe EUR is annoying. It is very well supported, and I am really annoyed with myself that I took my long trade with the entry of 1.2160 off the table. It was a well thought out level, the pair bounced of lows of 1.2154! ... argh!!!!  For now, I will wait until after the ECB before returning to more EUR trades.\r\n\r\nWith regards to this week, obviously RISK is higher than normal. I will slow down on set ups and starting early in the week I will be reducing RISK across the board.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/SENTIMENT-03032018.png\"><img class=\"aligncenter size-large wp-image-11079\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/SENTIMENT-03032018-788x1024.png\" alt=\"\" width=\"788\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>5.3. THE WEEK AHEAD:</u>\r\n\r\n<u>5.3.1. ECONOMIC DATA RELEASES THAT INTEREST ME:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/ECON-DATA-03032018.png\"><img class=\"aligncenter size-large wp-image-11080\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/ECON-DATA-03032018-1024x948.png\" alt=\"\" width=\"1024\" height=\"948\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>5.3.2. MY KEY EVENTS ON THIS WEEK’S CALENDAR AND WHY:</u>\r\n\r\nThere are only two events that have my attention this week.\r\n\r\n<u>AUD: Current Account, Retail Sales, RBA Rate Statement and Trade Balance.</u>\r\n\r\nIt\'s a big week for the AUD.\r\n\r\nTrade wise. I am holding and will hold through these events short AUD/USD and long AUD/NZD. I am therefore basically hedged.\r\n\r\n<u>CAD: BOC Rate Decision and Jobs Data.</u>\r\n\r\nI want to be bearish the USD/CAD but with NAFTA and now TRUMP Tariffs on imports hanging over the CAD currency, it may be that I will have to wait a little longer. With these items hanging over the BOC I cannot see with the attached uncertainty that Stephen Poloz will be making changes to the interest rate. The actual statement will be read closely, and the employment numbers will be noted.\r\n\r\nPoloz has openly stated that moves in the CAD are data dependent. I would add that any interest rate move is also TRUMP dependent.\r\n\r\nIt is my intention to have NO CAD exposure ahead of these news items.\r\n\r\n<u>USD: ADP and NFP Employment Data.</u>\r\n\r\nI think that I am adding these news events because one feels as a Forex trader that the biggest monthly news event (NFP) should always be noted. I do not think that this set of jobs data will be vital to influence whether or not the FED raises U.S. interest rates later this month or not, but I do think that it will be important to the voting members of the FED from a forward-looking sentiment perspective.\r\n\r\nI don\'t intend to trade NFP with new positions, just manage existing.\r\n\r\n<u>EUR: ECB Rate Statement and Press Conference.</u>\r\n\r\nWill Mario Draghi open up and offer more detail about the future tapering and interest rate normalization policies for the EUROZONE moving forward?\r\n\r\nMaybe, but probably not, I do NOT expect any forward guidance at all.\r\n\r\nI suspect that he will do whatever he needs to do NOT to rock the boat. He will get the same old questions starting with, when, how much and what happens if? He will swat these away as if holding a tennis racquet chasing a wasp around a picnic table.\r\n\r\nIt is however, the jewel in the crown vis-à-vis the economic data releases this coming week. It can always be a market mover.\r\n\r\nI will have no EUR exposure entering this news event.\r\n\r\n&nbsp;\r\n\r\n<u>5.3.3. HOW I WILL APPROACH and TRADE THE MARKET THIS WEEK:</u>\r\n\r\nI have mentioned this a couple of times already. This is a big week on the horizon, and frankly, to trade this coming week with any gusto is in my mind being bloody stupid.\r\n\r\nAdd together the list of geopolitical events and the economic data releases and it does NOT take a rocket scientist to evaluate the result that to be sidelined may be the best option. My brain is telling me that the market may be more news driven this week than by any fundamentals via economic data and the technical set ups may be ignored in times of high volatility.\r\n\r\nTherefore, my market approach will be caution and restrain.\r\n\r\n<u>\r\n</u><u>5.3.4. MY “MACRO” TRADING PLAN FOR THE WEEK AHEAD:</u>\r\n\r\nIn the background this week, I will be working hard on setting goals / objectives into my TRADE PALN to accommodate my fundamental thoughts moving into Q2 and Q3.\r\n\r\nThe PREMIUM SERVICE is well ahead of its “pip” objective for 2018 and the first two days of March has also produced +488 pips. I do not intend to sit back but I want to have my TRADE PLAN spot on in my mind and on paper to take into account the very recent geopolitical events.\r\n<ol>\r\n 	<li>Add NZD trades when appropriate.\r\nI want to add back NZD/USD and NZD/JPY trades.</li>\r\n 	<li>Plan my targets and approach to the JPY following the BOJ announcement regarding QQE and interest rate normalization. This may need to wait until after the BOJ meeting.\r\nI want to have a plan based now solely on USD/JPY but also some of the cross-rate JPY pairs.</li>\r\n 	<li>Formulate strategies with: -\r\nEUR long for Q2.\r\nAUD short from now through Q2.\r\nCAD short following BOC meeting from now through Q2.</li>\r\n</ol>\r\n<u>5.4. CURRENT LIVE TRADES &amp; LIMIT ORDERS:</u>\r\n\r\n<u>5.4.1. CURRENT LIVE TRADES:\r\n\r\n</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIVE-TRADES-03032018.png\"><img class=\"aligncenter size-large wp-image-11082\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIVE-TRADES-03032018-662x1024.png\" alt=\"\" width=\"662\" height=\"1024\" /></a>\r\n\r\n<u>5.4.2. CURRENT LIMIT ORDER TRADES:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIMIT-ORDERS-03032018.png\"><img class=\"aligncenter size-large wp-image-11081\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2018/03/LIMIT-ORDERS-03032018-718x1024.png\" alt=\"\" width=\"718\" height=\"1024\" /></a>\r\n\r\n<u>5.6. FX BROKER NEWS and MARKET FEEDBACK:</u>\r\n\r\nNothing to report this week. All very quiet on the broker front apart from the continued explosion into trading “Crypto” currencies.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n 	<li><span style=\"font-size: 14pt;\"><strong>THE FINAL SHOT:</strong></span></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\nScott Pickering\r\nThe Pip Accumulator\r\nTwitter: @ThePremService\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nBLOG VERSION: #168 PREMIUM SERVICE\r\nDATE: 3<sup>rd</sup> March 2018\r\n\r\n<strong>\r\n\r\n</strong>','BREXIT AT A “MEXICAN STANDOFF”','','inherit','closed','closed','','11083-revision-v1','','','2018-03-03 06:23:40','2018-03-03 11:23:40','',11083,'https://weeklyfxdrivethru.com/11083-revision-v1/',0,'revision','',0),