<h3 style="text-align: center;"><strong>THE PREMIUM SERVICE
</strong><strong>The Home of Single-Lot Trading
www.weeklyfxdrivethru.com</strong></h3>
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<ol>
	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>
</ol>
LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:

1.1: LOOKING BACKWARDS:

I would say that when Tsipras and Varoufakis walked out of the EUROGROUP meeting last week and announced that they would ask the population of GREECE to decide, that must have taken the wind out of the sails of Merkel, Dijsselbloem and the rest of the EUROGROUP around the table.

I have read soooooo many articles this week I think I have further strained my eyes and need to update my reading glasses. A referendum, never appeared anywhere on the stuff I read, and, frankly this will be seen in the future as either a stroke of genius on his part for whatever his plans are moving forward or as something rather foolish akin to a turkey voting for Christmas. Nevertheless, unless I do not know about it, time travel has still not been invented and therefore you cannot go back in time and re-write history to eradicate poor decisions.

On the 5<sup>th</sup> July 2015, we have a vote in GREECE “OXI or NAI”. I am not really sure how this can be a vote on the EUROGROUP package that Tsipras walked away from, it is my understanding that those terms and conditions are no longer applicable and were withdrawn the moment Tsipras left the table. So much is miss-quoted, so much of what is on the news wires are selected words from a press release without the context in place, plus it is very difficult to keep track of the timeline of events. All I know is that the finger-pointing is well underway… politicians are good at this… “the blame game”.

So in my opinion most GREEKS will read the vote as a simple referendum on keeping the single-currency, as all deals are now off. It is a vote on the Syriza party government and Tsipras as prime minister.

The big question is of course: Is anyone expecting a “NO” vote result? It looks close, but whatever the vote we will have confusion in abundance.

Without any doubt Tsipras has placed what can only be termed as a noose around his neck by calling this referendum. Whatever the result, there will be confusion. No deal is actually on the table from the creditors to vote on, so what does that mean, back to negotiations? A “NO” vote means exit from the single currency but the EUROZONE has no mechanism as far as I know to do this.

Happy times, fun days of trading this week looks to be on cards.

I would suggest you position size very carefully to manage RISK and potential exposure or just exit trades to watch. I expect some volatility to take place in the Forex market.

The other major news in my eyes last week was Non-Farm payrolls in the U.S. Not brilliant numbers by all accounts and not the blow out numbers expected. As usual CNBC and BLOOMBERG rolled out the usual suspects to debate the influence of these numbers on the timing of the FED rate hike later this year and the potential number of rate increases. I must admit I am getting bored about writing about the FED rate hike, but not a bored as these presenters on TV trying to make news…

In my opinion, the FED will just not look at one month in isolation. U.S. data is not 100% brilliant and Janet Yellen has been consistent all along stating that future rate increases are based upon data dependency showing strength. To be frank, I feel that the FED credibility overrides this and she will raise rates in September / October no matter what. If she waits until December as some analysts state this will be the calendar version of “the last chance saloon” / lastminute.com and this will be seen for what it is - desperation to ensure credibility, this is why I think the fall is when the hike will occur and this keeps the FED credibility intact. Remember the “DOTS” from the last FOMC meeting; most of the FOMC committee members had two rate increases in mind for this year.

Apart from GREECE and NFP I traded very lightly last week in keeping with my plan until GREECE is resolved for the short-term at least.

I think GREECE will not even be fixed in my lifetime, and whilst this is my own opinion, I think that the self-serving politicians from both sides of the divide past and present that have been involved in this farce of a solution should be ashamed of themselves. To see senior citizens lining up outside a bank to withdraw €100 or so to live on, is a bloody disgrace, this is 2015 not 1915.

GREECE has a lot to answer for, with regards to the existing position, but the can kicking EUROZONE politicians are certainly not free from guilt and the IMF should be above all this and be able to see that GREECE simply could not afford to repay from day one.

It is shambolic at best and it is far from over yet. I have seen better-organized chickens running around a farmyard with their heads chopped off.

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1.2: LOOKING FORWARDS:

MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:

(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href="http://www.forexfactory.com">www.forexfactory.com</a> and <a href="http://www.tradingeconomics.com">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).
SUNDAY: EUR – Greek Referendum.

MONDAY: CAD – Ivey PMi.
MONDAY: NZD – NZIER Business Confidence.

TUESDAY: AUD – RBA Rate Statement.

WEDNESDAY: USD – FOMC Meeting Minutes.
WEDNESDAY: AUD – Employment Data
WEDNESDAY: CNY – CPi.

THURSDAY: GBP – BOE Rate Statement.

FRIDAY: CAD – Employment Rate.

Obviously GREECE will dominate the news. It may be an economy the size of Colorado in the U.S. but its much more important from a contagion viewpoint amongst other well documented reasons.

As subscribers will know the news involving the CAD this week will be of particular interest given my longer-term views on this currency.

The AUD and NZD currencies play a major part in my 2015 trade plan (see prior blogs) and we have key Aussie data this week. I feel that we may see another cut from the RBA so do not be surprised for pandemonium to ensue as the BOC and RBNZ (already under pressure) will come into focus. All good news for me and traders that subscribe and follow my trades. Happy Days!!

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1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):

I think at the moment as traders we need to be very clever and size trades smaller than usual; I am expecting wild swings and then an ultimate direction following the immediate GREECE news, we need to be ready.

Longevity as I write every week in this blog is paramount to success and you only have longevity through effective RISK and MONEY MANAGEMENT with properly sized trades in line with the risk associated with the size of your trading account.

After 8 years of this, let me tell you this coming week accounts will get blown out, if caution and common sense is NOT applied.

We all want to make money but this is not a sprint it's a marathon. If you want to gamble find a casino.

The best trade coming up over the next few sessions may be no trade at all. At least then you will not be positioned poorly.

Think long and hard about what type of trader you are and what your goals are for the medium and long term. There is a Forex market every day, so to miss a couple of days is not that big of an issue.

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<ol start="2">
	<li><strong> WHAT’S ON MY MIND: -
THE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>
</ol>
<h3 style="text-align: center;"><strong>WILL THE EUR/USD FALL NO MATTER WHICH WAY GREECE VOTES?</strong></h3>
Another week has passed and we have entered what appears to be a void similar to something from a sci-fi movie or an episode from Star Trek.

We are on hold, almost like suspended animation. However we are surrounded by things happening with regards to the Forex market based on pure speculation about something no one has a clue about. We don't know what the outcome will be or what affect it is going to have.

If you think that’s going to stop me having an opinion…think again!! Remember, I am originally from Liverpool; I have an opinion on most things and most definitely on Forex matters!!

Look at the weekly EUR/USD chart below. It shows a “BEAR FLAG” formation pointing to 0.8000. I would say definitely below 1.0950 it’s in play (other traders may say 1.1000 or 1.0960 are the break levels). I do know that should it break higher above 1.1480 the flag pattern is invalidated.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-BLOG-MAIN-PIECE-2.0-05072015-WILL-EURUSD-FALL-NO-MATTER-WHICH-WAY-GREECE-VOTES.png"><img class="aligncenter size-large wp-image-6261" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-BLOG-MAIN-PIECE-2.0-05072015-WILL-EURUSD-FALL-NO-MATTER-WHICH-WAY-GREECE-VOTES-1024x541.png" alt="EURUSD BLOG MAIN PIECE 2.0 05072015 WILL EURUSD FALL NO MATTER WHICH WAY GREECE VOTES" width="1024" height="541" /></a>

So last week I wrote that were we at a “CROSSROADS” once again. I’m still standing, as Elton John would say. I want to move off but GREECE is holding me back for now.

These are my continued thoughts and frankly regular readers will not see much of a sea change in my thoughts and views.

If a “YES” vote is the result from the referendum, In my mind we still have huge uncertainty. This would be a failure on the part of Tsipras and the Syriza party who want a “NO” vote result. Will the government resign? Varoufakis has already stated he walks on a “YES” vote.

We then require an interim government until new elections can be held. The banks have no money. GREECE has already defaulted to the IMF. There is no bailout money or temporary funding on the table. There is no ECB ELA funding available to keep the GREEK banks liquid.

Will the ECB / EUROGROUP and IMF step in to support?

There would be huge uncertainty and quite frankly we enter unchartered waters. Even if there was support for GREECE this would be a can-kicking” exercise once again that GREECE cannot afford to repay and nothing would actually be solved resulting in a depressed EUR currency in my eyes as I think that Mario Draghi would be having low rates forever trying to fix the overall EUROZONE economy. He could no longer pander just to GERMANY as it would be seen for what it was, basically a f**k you approach to GREECE.

The EUROZONE is meant to be a union and I believe this may be the incident that starts this way of thinking and more importantly behaving. But hey… this is the EUROZONE … common sense is left at the invisible border!!

A “NO” vote starts my CONTAGION THEORY from a few weeks ago that I keep referring to. A “NO” vote provides Tsipras with the mandate to pull away from the single currency and re-introduce the Drachma.

Whilst there is no mechanism for a country to exit the single currency, I can imagine as I type there are armies of lawyers in Brussels with fat expense accounts working on this subject.

A GREXIT causes many other issues not just the GREXIT itself but also the IMF default and places all future monies owed to creditors in doubt. Ignoring the local work to be done in GREECE with banks and the financial markets to establish a footing from which to work off which will be a massive undertaking in itself, the effect on the world markets could be unparalleled.

This would create huge uncertainty and frankly the “Who’s Next” debate will gather momentum. It has already started in the local press in SPAIN, PORTUGAL and ITALY.

If that was not enough in itself to digest…. The FED want to raise interest rates.

POLITICAL INSTABILITY

MARKETS UNCERTAINTY

FINANCIAL MARKETS IN EUROPE IN TURMOIL

THE CONTAGION EFFECT

All of the above in my opinion send the EUR/USD lower…. Add to this Central Bank divergence with the FED raising rates and the ECB probably on low rates to infinity and the BEAR FLAG from the chart above could be on.

Now I have been talking about my FUNDAMENTAL views for months and the EUR/USD testing parity but now this could be a possibility as the GREECE situation has been allowed to drag on because of a lack of desire to fix the problem head on in my opinion. There have been too many can-kicking exercises over the years from the EUROGROUP and it has resulted in what we have now.

A massive EUR/USD sell off is a possibility, all the factors are there. Will it happen?

<strong> </strong><strong> </strong>
<ol start="3">
	<li><strong> THE PREMIUM SERVICE:</strong></li>
</ol>
<strong>SUMMARY OF PERFORMANCE:</strong>

PREMIUM SERVICE – COST INCOME ANALYSIS (USD):
EMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.

MICRO LOT TRADER - 420 trades cost to trade = $42.00
<strong>PROFIT</strong> from 420 trades = <strong>$599.70</strong>

MINI LOT TRADER - 420 trades cost to trade = $420.00
<strong>PROFIT</strong> from 420 trades = <strong>$5,997.00</strong>

STANDARD LOT TRADER - 420 trades cost to trade = $4,200.00
<strong>PROFIT</strong> from 420 trades = <strong>$59,970.00</strong>

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<ol start="4">
	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>
</ol>
(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)

4.1: EDUCATION:<u>
</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)

This section will return after the summer break in September 2015.

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4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:

JUNE 2015 REVIEW:

44 trades were completed last month.

Below I have added into the blog the: -
<ul>
	<li>MONTHLY: - RADAR, FLASH and FUNDAMENTAL excel spreadsheets.</li>
	<li>YEAR TO DATE: - RADAR, FLASH and FUNDAMENTAL excel spreadsheets.</li>
	<li>JUNE 2015 and YEAR TO DATE: - RISK –REWARD ANALYSIS.</li>
	<li>JUNE 2015 and YEAR TO DATE: - PROFIT LOSS RATIOS.</li>
	<li>2015 versus 2014 PIP PERFORMANCE ANALYSIS.</li>
	<li>JUNE and YEAR TO DATE: - PREMIUM SERVICE TRADE SUMMARIES.</li>
</ul>
All of these charts below are also on the website.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RADAR1-30062015.png"><img class="aligncenter size-full wp-image-6228" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RADAR1-30062015.png" alt="RADAR1 30062015" width="544" height="560" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RADAR2-30062015.png"><img class="aligncenter size-full wp-image-6229" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RADAR2-30062015.png" alt="RADAR2 30062015" width="554" height="563" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FLASH1-30062015.png"><img class="aligncenter size-full wp-image-6225" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FLASH1-30062015.png" alt="FLASH1 30062015" width="502" height="561" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FLASH2-30062015.png"><img class="aligncenter size-full wp-image-6226" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FLASH2-30062015.png" alt="FLASH2 30062015" width="515" height="554" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FUNDAMENTAL-30062015.png"><img class="aligncenter size-full wp-image-6231" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FUNDAMENTAL-30062015.png" alt="FUNDAMENTAL 30062015" width="507" height="564" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RADAR-YTD062015.png"><img class="aligncenter size-full wp-image-6230" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RADAR-YTD062015.png" alt="RADAR YTD062015" width="354" height="380" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FLASH-YTD062015.png"><img class="aligncenter size-full wp-image-6227" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FLASH-YTD062015.png" alt="FLASH YTD062015" width="349" height="363" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FUNDAMENTAL-YTD062015.png"><img class="aligncenter size-full wp-image-6232" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/FUNDAMENTAL-YTD062015.png" alt="FUNDAMENTAL YTD062015" width="350" height="399" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RISK-REWARD-JUNE-2015.png"><img class="aligncenter size-full wp-image-6234" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/RISK-REWARD-JUNE-2015.png" alt="RISK-REWARD JUNE 2015" width="425" height="541" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFIT-LOSS-JUNE-2015.png"><img class="aligncenter size-full wp-image-6233" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFIT-LOSS-JUNE-2015.png" alt="PS PROFIT-LOSS JUNE 2015" width="416" height="582" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PIP-COMPARISON-2015-2014.png"><img class="aligncenter size-full wp-image-6235" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PIP-COMPARISON-2015-2014.png" alt="PIP COMPARISON 2015-2014" width="626" height="543" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-JUNE-2015.png"><img class="aligncenter size-full wp-image-6223" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-JUNE-2015.png" alt="PS PROFITS1 JUNE 2015" width="460" height="427" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-JUNE2015.png"><img class="aligncenter size-full wp-image-6224" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-JUNE2015.png" alt="PS PROFITS2 JUNE2015" width="460" height="420" /></a>

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As I mentioned throughout last month I traded lighter in view of geopolitical news events. This resulted in more FLASH TRADES being taken with me trying to take advantage of mostly market momentum moves. As discussed previously, I tried my best at times to let trades run but as noted on several occasions I gave back hundreds of pips to my brokers, as basically June was a day trader’s month. In fact it was not even a day trade market most of the time, it really was probably 75% of the time a scalper’s marketplace.

A total of 655 pips profit was generated in June, which were 20 pips more than June last year. Year to date 2015 is 1,490 pips ahead of 2014. The grand total year to date so far is 5,997 pips.

Profit / Loss ratio’s are still below what I am happy with at 68% profitable trades and 32% loss making trades in June. Year to date, the ratio is 71% versus 29%. My target is 75% - 25%.

Looking ahead, I am hoping that following some sort of resolution with GREECE, which could be further away than originally thought, my TRADING PLAN should trigger some nice pip moves. As mentioned on so many occasions I am trying to exercise patience to wait for these moves to set up properly.

To date I have two FUNDAMENTAL TRADES in place with the NZD/USD and USD/CAD. I am hoping that not too far away about 5/6 others can be added.

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4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-05072015.png"><img class="aligncenter size-full wp-image-6246" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-05072015.png" alt="PS LIVE TRADES 05072015" width="720" height="576" /></a>

4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:

(Remember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.

I view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data).

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIMIT-ORDERS-05072015.png"><img class="aligncenter size-full wp-image-6245" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIMIT-ORDERS-05072015.png" alt="PS LIMIT ORDERS 05072015" width="702" height="460" /></a>

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4.5: ARMEGEDDON “GOLDEN” TRADES:

(Emanating from conversations and requested by fellow subscribers these trade set-ups are based on severe market pullbacks, breakouts or breakdowns. These trades would apply after major geopolitical news has hit the news wires. These are also trade levels that provided great set ups in the past that would hopefully represent great entry opportunities again in the future).

GOLDEN TRADE #004
GBP/CHF:
Enter long at 1.4000

My comments are contained on the chart.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/004-ARMEGEDDON-TRADE-GBPCHF-WEEKLY-05072015.png"><img class="aligncenter size-large wp-image-6249" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/004-ARMEGEDDON-TRADE-GBPCHF-WEEKLY-05072015-1024x541.png" alt="#004 ARMEGEDDON TRADE GBPCHF WEEKLY 05072015" width="1024" height="541" /></a>

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4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?

(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)

THIS WEEKS OVERVIEW:

Very similar to last week, I am being selective on charts that interest me from a trading perspective. This week only three charts are attracting my interest: - EUR/CAD, GBP/CAD and EUR/GBP. My comments for each pair are contained on the charts.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURCAD-DAILY-05072015.png"><img class="aligncenter size-large wp-image-6259" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURCAD-DAILY-05072015-1024x541.png" alt="EURCAD DAILY 05072015" width="1024" height="541" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-DAILY-05072015.png"><img class="aligncenter size-large wp-image-6258" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-DAILY-05072015-1024x541.png" alt="EURGBP DAILY 05072015" width="1024" height="541" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCAD-MONTHLY-05072015.png"><img class="aligncenter size-large wp-image-6257" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCAD-MONTHLY-05072015-1024x541.png" alt="GBPCAD MONTHLY 05072015" width="1024" height="541" /></a>

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4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:

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

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-05072015.png"><img class="aligncenter size-full wp-image-6247" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-05072015.png" alt="PS TRENDING PAIRS 05072015" width="405" height="522" /></a>

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4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>
</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).

All of my thoughts and my comments relating to each USD major are now contained on the charts.

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<strong>EUR/USD: Closing Price 1.1106</strong>

<strong> <a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-05072015.png"><img class="aligncenter size-large wp-image-6255" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-05072015-1024x541.png" alt="EURUSD W 05072015" width="1024" height="541" /></a></strong>

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<strong>GBP/USD: Closing Price 1.5549</strong>

<strong> <a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-05072015.png"><img class="aligncenter size-large wp-image-6254" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-05072015-1024x541.png" alt="GBPUSD W 05072015" width="1024" height="541" /></a></strong>

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<strong>AUD/USD: Closing Price 0.7498</strong>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-05072015.png"><img class="aligncenter size-large wp-image-6256" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-05072015-1024x541.png" alt="AUDUSD W 05072015" width="1024" height="541" /></a>

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<strong>NZD/USD: Closing Price 0.6665</strong>

<strong> <a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-05072015.png"><img class="aligncenter size-large wp-image-6253" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-05072015-1024x541.png" alt="NZDUSD W 05072015" width="1024" height="541" /></a></strong>

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<strong>USD/CAD: Closing Price 1.2561</strong>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-05072015.png"><img class="aligncenter size-large wp-image-6252" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-05072015-1024x541.png" alt="USDCAD W 05072015" width="1024" height="541" /></a>

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<strong>USD/CHF: Closing Price 0.9391</strong>

<strong> <a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-05072015.png"><img class="aligncenter size-large wp-image-6251" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-05072015-1024x541.png" alt="USDCHF W 05072015" width="1024" height="541" /></a></strong>

<strong> </strong>

<strong> </strong>

<strong>USD/JPY: Closing Price 122.66</strong>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-05-072015.png"><img class="aligncenter size-large wp-image-6250" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-05-072015-1024x541.png" alt="USDJPY W 05-072015" width="1024" height="541" /></a>

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<ol start="5">
	<li><strong> MY FINAL THOUGHTS:</strong></li>
</ol>
5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:

This may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.

There is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.

I intend to remain light into the middle of the week depending upon the GREECE referendum outcome and fallout.

As always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.
<p style="text-align: center;"><strong>Consistency = longevity in trading and that is a critical goal.
IT IS THE KEY MEASUREMENT</strong></p>
Before you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.

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Take care.

Scott Pickering
The Pip Accumulator

EMAIL / FOLLOW ME AT:
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BLOG DATA:
DATE: 05.07.2015
BLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE
BLOG REFERENCE: #67

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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.