<h3 style="text-align: center;"><strong>THE PREMIUM SERVICE
</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>
<strong>DATE: 15.02.2015
REFERENCE: #47</strong>

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<ol>
	<li><strong><span style="text-decoration: underline;"> INTRODUCTION / LOOKING BACK OVER THE PAST WEEK:</span></strong></li>
</ol>
I feel the same as last week by saying “Thank God that last week is over”.

Another short squeeze on Thursday last week took away profits earned since the previous squeeze… annoying, painful, frustrating and basically a pain in the arse.

I wrote to PREMIUM SERVICE subscribers the morning of the latest squeeze that I felt as if the U.S. Retail Sales numbers were going to disappoint and that we should be ready for a spike and then a pullback to the pre news levels. This basically happened and then we had a Greece rumour and oil… the rest is history. A nice commodity currency squeeze, at this point I exited EVERYTHING limit orders 100% flat. I spoke with a couple of subscribers who decided to sit through squeeze 1…. but most of them covered trades in squeeze 2. After the previous week, I just decided to exit 100%, using the often-quoted phrase of “Your first loss is your best loss”. One point I must make is that usually we have a single currency squeeze but the ascendancy of these total market squeezes scares me as the moves are unrelenting, wild, crazy, volatile and they are unforgiving wiping out both long and short traders. It certainly has been a wild ride trading Forex in 2015 so far, and, we are not even at the end of the first quarter.

The big news over the past week is the continuing “Mexican Stand-Off” between the New Greek government officials versus the EURZONE although you could be forgiven for believing that it is Greece versus Germany. This on-going battle over potential debt forgiveness has legs to run. The hospitality service industry is still on RED ALERT in Brussels as they are expecting more meetings. The local cheese mongers and wine boutiques are re-stocking in the full knowledge that the numbers of “Cheese &amp; Wine” hosted events by EUROZONE official’s sees no pullback. In fact, it is the only bloody growth business in Brussels apart from hookers for the MEP’s and EUROZONE officials to pass time with. It’s a tough job, but someone’s got to do it.

After the EUROZONE matter, UKRAINE re-appeared in the news, even though it was always there just not really covered here in North America.

From a Forex perspective the volatility in oil, which, I alluded to earlier, was a huge trading influence, in particular with the CAD, which, seems to be now treated as a proxy for oil.

BOE Governor Carney, did what was predicted by being hawkish when presenting the quarterly Inflation report, which has created a GBP breakout. The PREMIUM SERVICE is positioned to take advantage of this… trades are in position as I have several limit orders in position to get back into LIVE trading again.

The Australian Jobs data last Wednesday were poor and although the AUD initially fell it has bounced back strongly on the back of the aforementioned squeeze and continued higher on the back of U.S. equities posting new highs. It is in fact from the lows post jobs data to highs today a move of 125 pips or so, which, does not sound much but we have a very dovish rate-cutting RBA in play. They will NOT be happy with levels above 0.7700.

So, the PREMIUM SERVICE enters next week a little over flat for the month and actually almost on target for 2015. I have LIMIT ORDERS in place plus a few trade ideas in my head that I need to confirm by chart analysis to hopefully capture some nice profitable trades once more. I am hoping that next week I can start off the blog with something other than “Doom and Gloom”.

Time will tell.

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<ol start="2">
	<li><strong><span style="text-decoration: underline;"> WHAT’S ON MY MIND: -
THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>
</ol>
<p style="text-align: center;"><strong>FUNDAMENTALLY, IN SPITE OF RECENT MOVES I AM STILL A USD BULL</strong></p>
Last week I talked about “Merry go-rounds” and “Roller Coasters” and to a large extent I think that we are still at Six Flags, Alton Towers or a Disney Theme Park.

Whether we are near the end of the ride or about to go and line up again for another thrill-seeking adventure, I wish I knew.

But I do know that all markets are still over-stretched and valuations are also being stretched in equities. The constant desire for value in equities and the fact that markets all over the world are instantly accessible, coupled with money flows in or out of a country being instantaneous, means that GREED is driving the ever growing desire for an edge and this GREED is the key driver of increasing volatility. This volatility is best seen right now in Oil and Bonds and general Commodities. It is driving rumours and creating vacuums in flows and when added to the geopolitical events is it any wonder that we have FEAR and GREED dominating matters and for us Forex traders this creates squeezes driven by FEAR and GREED, which have been so volatile, long-lasting and complete washouts of both ends of the trading range suckering both long and short traders and cleaning them out.

To be a FOREX trading survivor of this is a credit to your disciplines: -
<p style="text-align: center;"><em>POSITION SIZING
</em><em>RISK MANAGEMENT
</em><em>PLANNING YOUR TRADES and TRADING YOUR PLAN
</em><em>RISK ASSESSMENT</em></p>
I have had six or seven different PREMIUM SERVICE subscribers telling me of their own experiences over the past few days and so far in 2015 overall, in addition, they have asked me about what are my thoughts for the coming weeks and months ahead.

Have my FUNDAMENTAL views altered?

The obvious answer is that if I knew what was about to happen, I would not be writing this blog!

I gave answers to my subscribers roughly as follows and being able to take time away from charts and price movements to explain in a little more detail is good karma.

I am FUNDAMENTALLY long the USD for the following basic and straightforward reason: - CENTRAL BANK DIVERGENCES.

Plus, like it or not when it all comes down to Central Bank policies, lets face it the FED is king. This year whether it be the right thing to do or not the FED is going to raise interest rates in the U.S. They simply CANNOT AFFORD not to, should they back track they will be fu**ed as the markets would never believe another word about their monetary policy statements ever again. It is that simple in my opinion.

Even with the recent geopolitical data surrounding GREECE and UKRAINE, domestic life in the U.S. goes on and economic data worldwide continues to be released. Whether you believe the released data is another matter. The recent 35% error in employment data in 2014 recently corrected by the Canadian Government being a case in point. Markets move on the data and we have allowed Governments the luxury of corrections the following month. In my eyes this shows poor management and it gives ineffective politicians an excuse. Having said that did anyone in Ottawa get sacked for the unheard of amendment in Canadian data?
<p style="text-align: center;"><strong><em>Here was my tweet on January 29<sup>th</sup> 2015 from @pipaccumulator
CANADA NEEDS ACCOUNTANTS:
</em><em>Canadian labor market added +121.3K jobs in 2014, NOT +185.7K as originally estimated. That's a -34.7% revision!</em></strong></p>
Moving back on track….

The FED and the BOE with “anyway the winds blow Carney” at the helm are in the raising interest rates camp… THE HAWKS.

The BOJ, ECB, RBA, BOC and SNB are on the other side… THE DOVES.

The RBNZ as far as I’m concerned, the jury is out… THE NOT QUITE SURE.

I know that I am re-iterating content that I have used in a similar form before but it is still valid.

The markets are basically all about Commodities and Central Banks. It is this relationship that is crucial. Right now there is divergence, my lead indicators are screwed up: -
<p style="text-align: center;"><em>AUD/USD
AUD/JPY
</em><em>USD/CAD
</em><em>GOLD
</em><em>OIL
</em><em>COPPER
</em><em>USD/SEK</em></p>
However, the Central Banks still have the power to move markets, some are temporary one is NOT. The FED is the king to direct and move markets domestically and more importantly internationally and therefore this is my overriding key driver for my belief that my FUNDAMENTAL view that I should be biased to being long the USD still holds strong in my decision making process.

Now…

Not everything is a straight-line movement; there is intra-day volatility that produces stair steps in the overall direction.

The USD index is banging its head on resistance once again looking possibly set to make a run at a triple digit handle. This is HUGE… I mean REALLY HUGE.

Big support or resistance levels in whatever financial markets you look at create a period of consolidation prior to attempting a breakout or breakdown, thus we are in effect entering ranging markets. As a Forex trader that is what we have today. Just for good measure these extremes also cause the flush outs / squeezes as well, but as stated earlier these I believe are rooted in basic FEAR and GREED. As we all know the two key drivers of the Forex market are FEAR and GREED.

The question that I still cannot answer to my PREMIUM SERVICE subscribers that posed it, it for how long do we consolidate and range trade?

There are many traders out there having the time of their lives because they have the knack of range trading. I am fecking awful at range trading… I suck.

All that said what should one do?

In my opinion, I think it is just the core traits of a Forex trader that need to be re-visited and maybe slightly re-aligned for the time being.

Firstly, manage POSITION SIZES a little below usual sizes. Remember longevity in trading can only be achieved through effective MONEY and RISK MANAGEMENT.

Secondly, maybe reduce the number of active LIVE TRADES to allow you better management of trades in case you need to adjust.

Thirdly, protect profits earlier than maybe you would do. You can always use the “woulda coulda shoulda” retort to a bad trade, but you should never complain if you are banking $$$$. Isn’t this what trading is about?

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<ol start="3">
	<li><strong><span style="text-decoration: underline;"> THE PREMIUM SERVICE:
</span></strong></li>
</ol>
<strong><span style="text-decoration: underline;">SUMMARY OF PERFORMANCE:</span></strong>

<span style="text-decoration: underline;">3.1 OVERVIEW:</span>

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

<span style="text-decoration: underline;">3.2 PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>

Full details regarding the PREMIUM SERVICE can be found on my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

On the welcome page there are a series of TABS at the top of the page that provide a summary of what the PREMIUM SERVICE is about and what you receive for your subscription.

THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -

10 weeks - $200.00
20 weeks - $350.00
40 weeks - $500.00

<span style="text-decoration: underline;">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>

Last week was another bugger of a week. I gave back hard earned profits from losses on the previous weeks squeeze and a bit more with last Thursday’s action. Being positive my action to cut and level all trades when I did was the best decision looking at what has subsequently transpired.

In the past seven days there were some great pips earned on the commodity cross-rate pairs to bring my pip profits back in line but sadly as these trades are of a more volatile nature the $$$ value from these trades is not as high as USD major trades so $$$ wise my trading accounts are still behind objective. When you consider that after the squeeze two weeks ago and the SNB day added the PREMIUM SERVICE has had to recover over 1,200 pips. This has been done, now its down to some nice $$$ trades over the next two / three weeks.

As I have written before and there are articles inside the PREMIUM SERVICE website under the EDUCATION TAB titled TRADING ESSENTIALS, where you can find pieces that I have added about TRADING CONSISTENCIES.

For me it’s now all about still locating the high probability trades, identifying the places of interest for buyers and sellers, looking at Fibonacci levels, pivot points, SMA’s, “Bollinger’s” and horizontal support and resistances placing trades and sending alerts to subscribers so that we can all earn some $$$.

In the past week the ratio between profitable trades and loss making trades has not improved due to trades being cut short in the squeezes and my approach of taking losses just to exit the madness. This will improve as the year progresses as I believe that the methods used in the past to identify high probability trades has not left me, it has just been a series of market moving events outside of my control that has given me this blip. On a more positive point, with the pips total coming back it gives me a great base to work from moving forward.

I should also mention that if you traded just single lot trades as per the PREMIUM SERVICE suggested trade set-ups your trading account would be positive. It is our desire (GREED), to make more $$$ that makes us trade multiple lots of different lot sizes that creates the difference in performance as some lower value lot trades may have the greatest pip gain and the higher value lot trades may have small losses. When you combine the two, you can have pips without $$$. I had this on one account I traded in 2014, by the year-end trades had balanced out and it made a return of 25%, which, is still considerably more than the bank or a typical stock market return

As I stated earlier it is not all “Doom and Gloom”, you must take a longer-term view of your trading activity.

The usual summary charts detailing the week and year to date performances, are below: -

<span style="text-decoration: underline;">3.3.1. – PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-15022015.png"><img class="aligncenter size-full wp-image-5299" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-15022015.png" alt="PROFIT-LOSS RATIOS 15022015" width="401" height="572" /></a>

<span style="text-decoration: underline;">3.3.2. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-15022105.png"><img class="aligncenter size-full wp-image-5300" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-15022105.png" alt="RISK-REWARD 15022105" width="420" height="534" /></a>

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<span style="text-decoration: underline;">3.3.3. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-15022015.png"><img class="aligncenter size-full wp-image-5301" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-15022015.png" alt="PREM SERV PROFITS1 15022015" width="452" height="438" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS2-15022015.png"><img class="aligncenter size-full wp-image-5302" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS2-15022015.png" alt="PREM SERV PROFITS2 15022015" width="454" height="428" /></a>

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<ol start="4">
	<li><strong><span style="text-decoration: underline;"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>
</ol>
(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)

<span style="text-decoration: underline;">4.1 EDUCATION:
</span>
<h3 style="text-align: center;"><strong>HOW TO PLAN YOUR FOREX TRADE EXITS</strong></h3>
Traders tend to focus a lot of their time and energy on their trade entries. In fact, if you browse through online communities and forums you will notice that the majority of trade discussions revolve around entries.

While it is very important to know how and when to enter a trade, it is equally crucial to know when to exit. Most people have a detailed plan and set of rules on how to enter the market, but newbie traders often overlook the importance of having an exit strategy.

Here are a few tips on how to develop your exit strategy.

<strong><em>“Begin with the end in mind”</em></strong>

Even before you enter a trade, you should already have your exit strategy laid out. Ask yourself the following questions:

<strong> </strong>

<strong>1.HOW MUCH ARE YOU WILLING TO RISK?</strong>

RISK MANAGEMENT is one of the most important aspects of trading. To make money (and avoid losing money), you have to learn how to manage your risk. That’s how you separate traders from gamblers.

You should ALWAYS know how much of your account you are putting on the line. Make sure that you only risk an amount that you are comfortable with losing.<strong> </strong>

&nbsp;
<ol start="2">
	<li><strong> WHERE WILL YOU CUT YOUR LOSSES?</strong></li>
</ol>
Proper STOP LOSS PLACEMENT can make or break your trade, so it is something you should consider even before you jump into the market. Make sure you place your stop loss appropriately and give your trade enough room to breathe.<strong> </strong>

&nbsp;
<ol start="3">
	<li><strong> WHAT EVENTS MAY INVALIDATE YOUR TRADE?</strong></li>
</ol>
To say that the markets are unpredictable would be an understatement. Unforeseen events always pop up and they often spark a ton of volatility.

However, there are events, which we already know about. Economic reports and speeches by key officials are usually scheduled ahead of time. Their outcomes tend to affect markets in the same way that unforeseen events do. So why not prepare for them?

Always know what the market consensus is and the kind of behavior and reaction you should anticipate. Make contingency plans for when an event comes out differently than expected. Most importantly, be prepared to make adjustments to your trade when necessary.

<strong> </strong>
<ol start="4">
	<li><strong> HOW LONG DO YOU PLAN TO HOLD THE TRADE?</strong></li>
</ol>
For the record, you don’t necessarily have to set a time limit for your trades. However, it is good to set expectations on how long you will keep a trade open.

Long-term traders, for example may hold their trades for weeks, months or even years. Usually their trades depend more on fundamental factors that affect markets for longer periods of time. Being conscious of the time would help a swing or position trader keep track of market conditions.

Meanwhile, short-term traders can benefit from this practice in helping them assess whether a trade idea is still valid or not. Perhaps the consolidation on a particular pair has been going on longer than expected and it may be better to just close your trade early.

As you can see, exiting a trade is just as important as pulling the trigger, so put the same amount of time analysis in it. Having a detailed exit strategy will not only keep you from making impulsive trading decisions and keep your emotions in check, but it can help you manage your risk and stay profitable in the long run

Always remember to being with the end in mind.

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

There are no live trades at the moment.

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

Below you will find an excel spreadsheet covering the trades that are currently on my RADAR.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRADES-ON-RADAR-15022015.png"><img class="aligncenter size-full wp-image-5304" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRADES-ON-RADAR-15022015.png" alt="TRADES ON RADAR 15022015" width="721" height="427" /></a>

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You will notice that the USD/CHF trade has its reference number removed. This is just to cover us against EUROZONE / GREECE risk before the market opens later tonight. As soon as I re-instate the trade I will advise.

I am looking to enter the following (FUNDAMENTAL) trades GBP/CAD, GBP/AUD, GBP/NZD and GBP/CHF during the coming week, plus some others.

At the end of this written section I have added the relevant charts with my thoughts at this time contained on the actual charts. I have rough set-ups listed as well but these may change as the market unfolds next week.

During the past 48 hours I have had a number of email chats and SKYPE conversations as well as brief Twitter exchanges, regarding the market direction. I hope that the “WHATS ON MY MIND” article in this post will give you the overview that you were looking for. I know it will replicate some of the conversations that I have had, but I think by having the time to explain in more detail in this blog it gives you more “flesh on the bone”.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPAUD-240M-13022015.png"><img class="aligncenter size-large wp-image-5313" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPAUD-240M-13022015-1024x402.png" alt="GBPAUD 240M 13022015" width="1024" height="402" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCAD-DAILY-13022015.png"><img class="aligncenter size-large wp-image-5312" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCAD-DAILY-13022015-1024x402.png" alt="GBPCAD DAILY 13022015" width="1024" height="402" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCHF-60M-13022015.png"><img class="aligncenter size-large wp-image-5311" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCHF-60M-13022015-1024x402.png" alt="GBPCHF 60M 13022015" width="1024" height="402" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPNZD-MONTHLY-13022015.png"><img class="aligncenter size-large wp-image-5310" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPNZD-MONTHLY-13022015-1024x402.png" alt="GBPNZD MONTHLY 13022015" width="1024" height="402" /></a>

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

Remember position sizes with FUNDAMENTAL TRADES are much smaller than usual. It is only when we can add to positions that the fun begins. I am hoping that with the SSSP you will be able to load in all the future LIMIT ORDERS for these trades. All you have to do when the trades hopefully gain some traction is move your stops.

This is why I have a separate broker for FUNDAMENTAL trades. It keeps my categories separate and allows me to spread my cash RISK around a few different brokers.

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

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

This is the second week with no real trending pairs to look at. Whether you find this data interesting or not, the mere fact that so few pairs are featured, you should note that we are at inflection points, when currencies may be changing direction. Alternatively, you may choose to dismiss this data as you feel that the numbers of squeezes have affected the directional trends and these indicators need a few more days to show the real trend again.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRENDING-PAIRS-15022015.png"><img class="aligncenter size-full wp-image-5303" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRENDING-PAIRS-15022015.png" alt="TRENDING PAIRS 15022015" width="380" height="326" /></a>

My view is weekly and monthly trends should NOT be changed by a squeeze… we should take note.

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<span style="text-decoration: underline;">4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style="text-decoration: underline;">:
</span></strong>(This content is now for PREMIUM SERVICE subscribers only, it allows me to refer to existing and future set-ups that form part of the PREMIUM SERVICE subscription)

<strong>EUR/USD: Closing Price 1.1382.</strong> This week’s close was about 100 pips higher than where we finished last week. I would say that this has surprised many analysts. I am still reading and listening to parity calls with the EUR/USD. I was once a believer of the EUR/USD heading this low, now I am not that confident. I think that the GREECE issue has moved the goalposts. The single currency without GREECE in my opinion may have a strengthening effect on the EUR/USD rather than the weakening effect that the ECB requires. The fact that GREECE is a small country is irrelevant as the level playing field will be no more if they exit and I can see referendums all over those countries who’s populations feel that austerity had done them little good. With this in mind, as I tweeted last week, the present EUROZONE issue is just as much, if not more about GERMANY than it is about GREECE, with some very anxious on-lookers; IRELAND, SPAIN, ITALY and PORTUGAL to name but four. With the GREEK issue front and centre I see support at 1.1250 and resistance at 1.1530.

<strong>GBP/USD: Closing Price 1.5382</strong>. The cable is in break out territory mode. Above 1.5460, I see a move maybe as high as 1.5600 and then maybe 1.5750. The hawkish tone expressed by BOE Governor Carney when he presented the BOE Inflation Report last week has placed the UK in the same half of the central bank football pitch as the FED. Basically its these two versus the rest, with the RBNZ in the not quite sure department! Support is good at 1.5350 and then 1.500 with the next resistance sitting at 1.5500.<strong> </strong>

<strong>AUD/USD: Closing Price 0.7746</strong>. Not much in the week on closing prices comparing last week with the week prior. Although in the past week the RBA has cut interest rates, delivered a speech stating that further cuts are not ruled out, and we had poor employment data as well. I think that this week was more about the FED and the DXY and it goes to show that world economic power lies with the Yellen and the FED policy, all other central banks are just there to make up the numbers. The RBA will be disappointed to see the AUD/USD above 0.7700. The range as I see it is from support at 0.7600 to resistance at 0.7850.

<strong>NZD/USD: Closing Price 0.74389</strong>. This pair is very annoying and I find it frustrating at times to trade. It is still range bound albeit that the range is now a little broader at 0.7310 to 0.7520.

<strong>USD/CAD: Closing Price 1.2446.</strong> The “loonie” appears to be Oil proxy nowadays and I am not sure that the powers that be in Ottawa are liking it. The USD/CAD is moving in 150-200 pip chunks at a time on a daily basis up then down and then back up again. I am now staying clear until we see a direction with oil. The problem is of course that oil is so heavily speculated upon I doubt for the near future that we will see calm in the oil markets so I guess that volatility with the CAD related pairs will remain. I see the range being 1.2350 to 1.2700

<strong>USD/CHF: Closing Price 0.9303</strong>. I am starting to get bullish on this pair and have a limit order in the ether to enter long on a small pullback from present levels. The range as I see it is 0.9180 to 0.9350.

<strong>USD/JPY: Closing Price 118.59. </strong> I successfully traded the USD/JPY to the long side during the past week. I am still totally unsure though which direction this pair is headed. When I think that I have it sorted I take another look and I am doubtful once again. The range is 117.40 to 119.45.

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<ol start="5">
	<li><strong><span style="text-decoration: underline;"> THE WEEK AHEAD: -
WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>
</ol>
<span style="text-decoration: underline;">5.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>

If you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -

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

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

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

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<span style="text-decoration: underline;">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>
SUNDAY: NZD – Retail Sales.

MONDAY: AUD – Monetary Policy Meeting Minutes.
MONDAY: EUR – EUROGROUP meetings.

TUESDAY: GBP - CPi.
TUESDAY: EUR – German ZEW Economic Sentiment.
TUESDAY: NZD – Dairy Auction Prices.

WEDNESDAY: GBP – Employment Data.
WEDNESDAY: USD – FOMC Meeting Minutes.

THURSDAY: N/A.

FRIDAY: EUR – French and German Flash Manufacturing PMi.
FRIDAY: GBP – Retail Sales.
FRIDAY: CAD – Core Retail Sales.

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<span style="text-decoration: underline;">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>

I think that GREECE and the EUROZONE will be the dominant news factors this coming week.

As I always say with all events EUROZONE watch out for the sound-bytes from the many politicians and hangers-on who just love their 30 seconds of fame.

Be careful of Nowotny and Schaeuble, they are pains in the ass for liking the sounds of their own voices, even if what they say is utter boll**ks or bulls**t.

There will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.
<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.

Take care.

Scott Pickering
The Pip Accumulator
Sunday February 15th 2015

EMAIL / FOLLOW ME AT:
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<span style="text-decoration: underline;">TRADING &amp; PERFORMANCES DISCLAIMER:</span>

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.