(6078,1,'2015-05-31 05:06:24','2015-05-31 10:06:24','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 31.05.2015\r\nREFERENCE: #155\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u><u> </u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u><u> </u>\r\n\r\nGREECE:\r\n\r\nIt was a week of waiting for news of something to happen from the EUROGROUP, IMF or the ECB regarding GREECE. There were rumours from the Greek Government mainly from Varoufakis about a settlement being close and then we had counter rumours about the alleged progress from the pit bull aka Schaeuble denying all. Schaeuble is outspoken, of that there is no doubt and frankly I would believe him on the GREECE rumours.\r\n\r\nMy fear was that a Greek agreement with creditors could see a monumental spike in the EUR/USD maybe as high as 1.1200. Then as reality sets in, that the agreement is just another “can-kicking” exercise the drop from the highs, which would be my trade, should be equally as strong. How far would we drop maybe below 1.0800, who knows, but I strongly suspect this time the markets will see the “fudge” for what it is.\r\n\r\nOn the other hand, as I have written before, is the possibility of the default, hair-cut, white flag, we’re leaving the single currency and re-instating the drachma scenarios. This would see the EUR/USD heading to parity very quickly as I see a CONTAGION effect taking place very quickly that will gather momentum.\r\n\r\nSo with this news hanging over me every time I was considering a trade, I found myself deciding to remain cautious and mainly sidelined.\r\n\r\nThere is a lot of speculation that a settlement will take place over this weekend. I am in the camp of announcements on Monday, so that the EUROZONE markets whatever the outcome is can be monitored when open.\r\n\r\nLet’s see if anything unfolds in this ongoing saga of epic proportions. It could all be the “Boy who cried wolf” once again. Remember, we have been at this stage so many times before.\r\n\r\nAUSTRALIA and NEW ZEALAND:\r\n\r\nBoth of these currencies continued to drift lower against the USD. It really does look very bearish for both currencies and if as we are told the FED is going to raise interest rates this year, the Kiwi and the Aussie are looking at much lower exchange rates than the current levels. The possibility is very strong that the AUD/USD will be sub 0.7000 and the NZD/USD sub 0.6500.\r\n\r\nLast week we saw poor Private Capital Expenditure data for Australia and poor ANZ Business Confidence data for New Zealand. Both the RBA and RBNZ are on “DOVISH” paths so these currencies and their cross-rates should offer excellent trading opportunities moving forward, with some quite exceptional pip movements on offer.\r\n\r\nThe RBA meets this week and there is plenty of China data coming up that will certainly have an effect on both of these currencies over the next 5/6 days.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: CNY – Manufacturing PMi.\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Final Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: NZD – Dairy Auction Prices.\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: EUR – Interest Rate Announcement and Press Conference.\r\nWEDNESDAY: USD – ADP Non-Farm Employment change and Trade Balance.\r\nWEDNESDAY: CAD – Trade Balance.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – BOE Bank Rate.\r\nTHURSDAY: CAD – IVEY PMi.\r\nFRIDAY: USD – Non Farm Payrolls and Unemployment Rate.\r\nFRIDAY: CAD – Employment Data and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nAs I alluded to earlier, the last week was a week when I felt we were waiting for something to happen. We had moves, which is always the bonus of trading Forex, there are nearly always opportunities, the big question as always is - can you find the opportunities and then can you actually trade them. There appears to be so many 5 minute traders in the market place at the moment, and, whilst I agree that the present market conditions certainly benefit day trading styles, if you are by nature a trader that wants to see trades try to run a little, the market is challenging.\r\n\r\nWe are, and have been for some time range bound. Yes, I will concede one or two moves have been more than a day trader’s trade but overall we have been operating in a chop fest.\r\n\r\nI find myself repeating the fact that uncertainty drives a choppy market. GREECE and the FED rate increase are the two items of uncertainty of late that have been dominating the Forex news and discussions. Until we have these matters addressed the present trading conditions will prevail.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong></h3>\r\nAs most regular readers of this blog will know already, I am basically a FUNDAMENTAL trader first and then as I see the technical’s come into position I am ready to trade.\r\n\r\nLet me be clear, being a FUNDAMENTAL trader suits my approach to trading perfectly, I like to think that I am a swing trader at heart but I will adapt to whatever I have to, but I do prefer a longer-term view. This year has been a nightmare for me in this regard and I have been more accommodating of shorter time framed trades. PREMIUM SERVICE subscribers can see this very clearly as I recommended more trades this year compared to 2014 and the profit per trade is lower than 2014. Although I am not, I look at myself sometimes as being a scalping trader, not that there is anything wrong with scalping it is just not my thing, well at least that is what I keep telling myself, after a 5 minute trade!!\r\n\r\nMoving on….\r\n\r\nWhilst my debate over trading style still hangs over me; every week that has passed recently has brought my macro level FUNDAMENTAL view on world economics related to Forex closer. I refer to this as my ducks lining up.\r\n\r\nAs I have written many times before correlations matter in the markets. The relationship in pricing if consistent allows greater confidence when placing trades.\r\n\r\nI have written so many times, that I believe all markets relate to the pricing of commodities first. “It is all about commodities”, was a phrase I heard years ago. It stuck with me and today, I still believe this to be the case.\r\n\r\nMy FUNDAMENTAL views moving forward are very simple.\r\n\r\nI have Forex targets below that are targets in my opinion based on the economic effects of central bank monetary policies, plus worldwide economic conditions of growth and inflation.\r\n\r\nEUR/USD – parity or below.\r\n\r\nAUD/USD – 0.7000 or below.\r\n\r\nNZD/USD – 0.6500 or below.\r\n\r\nUSD/CAD – 1.3000 or above.\r\n\r\nUSD/CHF – parity and above.\r\n\r\nHow did I arrive at these objectives, and what specific events are my “DUCKS”??\r\n\r\nFirstly, central banks around the world are dealing with different local economic conditions and have also reacted differently to the effects of the 2008-9 crash. Each central bank obviously has its own monetary policy, but now we have a clear divergence. The FED and maybe to a lesser extent the BOE are hawkish wanting to raise interest rates and the rest are more or less dovish. They need to remain accommodative and market supporting.\r\n\r\nThis divergence fuels my currency exchange rate targets above. Let me just make a few very brief comments about each central bank below.\r\n\r\nFED: – The FED is going to raise interest rates. It would have a severe lack of market credibility should it not carry out FED policy. As the FED is directly opposite to ECB policy and with the EUR currency accounting for in excess of 50% of the DXY calculations, the effect of the move in the EUR/USD should be dramatic. Given the recent DXY move from 80.00 to 100.00, using the drop in the EUR/USD as my guide, I see a similar move again if the FED increases rates and the measured move in the DXY could extend to 115.00 as seen in the chart below. This move would in my opinion place the EUR/USD below or around parity at best.\r\n\r\nFor years there has not been a HAWKISH FED policy, make no mistake the FED in one direction and the ECB in the other will create a big move. Divergent Central Policies are big movers in currencies.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015.png\"><img class=\"aligncenter size-large wp-image-6066\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015-1024x464.png\" alt=\"DXY RE DUCKS SEGMENT 31052015\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\nBOC: – We saw recently one surprise rate cut from Stephen Poloz, the BOC governor that was supposed to be a one off. But recent Canadian data is poor and, in my opinion, I can see another cut to try and stimulate matters.\r\n\r\nRBA: – Definitely bearish and with Iron Ore prices struggling, general business confidence low and the RBA having openly stated that they want an exchange rate with the AUD/USD closer to 0.7000 or below.\r\n\r\nRBNZ: – The official line is that the RBNZ has gone neutral but the fact that they have indicated no rate hikes when the market was expecting about 2/3 more this year, is bearish and dovish to me. Even the Prime Minister of New Zealand, John Key has said publicly that he wants the NZD/USD exchange rate targeted at 0.6500. When he first said this figure, I thought he was dreaming. The RBNZ has in the past year or so directly intervened in the Forex markets, so his target level is possible, in fact the NZD is so weak at the moment we may go lower.\r\n\r\nTHE ECB – Full on Quantitative Easing (QE) in place for at least another year or so, the EUR being the second most traded currency after the USD means that with the FED and ECB being on divergent central bank monetary policies, the EUR/USD target of parity is not unrealistic and neither is the DXY target of 115.00.\r\n\r\nGBP: – Of late the UK has produced very mixed data, but the next interest rate move will be upwards and not lower. Mark Carney, BOE governor has indicated such a move. Do you believe him? The markets do.\r\n\r\nBOJ: – The Japanese have just announced that they are easing no more. This will be interesting to see if this remains BOJ policy or not.\r\n\r\nSNB: – The exchange rate of the EUR/CHF must be causing concern as it falls closer to parity. The fact that the FED is about to raise rates coupled with the ECB being 100% accommodative, the SNB have sat back, so far, not intervening, but for how long?\r\n\r\nIt is a mixed bag but all the above added together is weighted in favour of USD strength, this supports my longer-term FUNDAMENTAL views and my FX targets.\r\n\r\nTherefore DUCK #1 is central bank divergence actually starting to bring home the bacon. This is my major DUCK; it is inline just waiting on the FED to kick-start. Already, we have witnessed dovish central bank economies linked to commodities already weakening (AUD, CAD, NZD). Fed policy will just beat them up some more!\r\n\r\nIn addition to central bank policies my currency objectives are also based around the price action with commodities.\r\n\r\nThere is a slowdown in China. This is now confirmed DUCK #2. This is critical to the economies supplying raw materials to China, mainly New Zealand and Australia.\r\n\r\nThe American households are not buying finished goods in numbers to show growth is leaping forward. Confidence is mixed. Housing in the U.S. is very regionalized, but overall not as many sales therefore not as many home improvements, which then means not as many raw material purchases either, contractors not as busy as they could be. Basically, I am saying that commodities are not being sought in the quantities or prices that the exporters require. It is a vicious circle that just rotates day after day, but these segments of the circle are key to my FUNDAMENTAL views and represent another DUCK (#3), that is in place.\r\n\r\nDUCKS #4, #5 and #6 are GOLD, OIL and COPPER are key charts for me to give my ideas confirmation and direction. Of late we have all witnessed how much the price of a barrel of WTi crude can affect both equities and forex. Generally speaking GOLD is struggling in a zero interest rate environment to get above $1,200.00. OIL is looking like it is heading back towards $50.00 and COPPER is below what I thought would never be breached at $3.00. All of these moves are USD supportive.\r\n\r\nSo I am happy, the ducks are starting to line up. It has taken more time than I thought for this to happen. I would like equities to pullback “DUCK #7” as this will add pressure to AUD and NZD shorts. However, the slowdown, the Central banks and Commodity currencies are almost in place.\r\n\r\nI just need the FED to kick start the big move. Will they move before the summer doldrums? I had a lot of hope initially that this would be the case, but now I am wondering will they delay any move on rates until September / October. One school of thought is that the best economic data quarter for the U.S. is Q4. So if the FED moves in Q3 by the time the rate effect rolls through into Q4 the economy will cope more than adequately.\r\n\r\nSo, some of my ducks are lined up and others are lining up, I just need the FED to complete the line.\r\n\r\nI am however, able to start getting trades placed now and place my longer-term FUNDAMENTAL view in action.\r\n\r\nFrom a trading detailed perspective, I will be setting up longer-term trades as FUNDAMENTAL trades and in addition I will be taking intra-day trades as RADAR or FLASH trades as well. It should be fun and hopefully profitable over the longer-term.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n\r\n20 weeks / 6 months:               USD $495.00\r\n\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 376 trades cost to trade = $37.60\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$534.20</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 376 trades cost to trade = $376.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$5,342.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 376 trades cost to trade = $3,760.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$53,432.00</u></strong></p>\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – RADAR TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\"><img class=\"aligncenter size-full wp-image-6045\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\" alt=\"RADAR1 31052015\" width=\"536\" height=\"561\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\"><img class=\"aligncenter size-full wp-image-6046\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\" alt=\"RADAR2 31052015\" width=\"559\" height=\"560\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>3.2.3 – RADAR TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6055\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\" alt=\"RADAR YTD 31052015\" width=\"346\" height=\"364\" /></a>\r\n\r\n<u>3.2.4 – FLASH TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\"><img class=\"aligncenter size-full wp-image-6043\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\" alt=\"FLASH1 31052015\" width=\"499\" height=\"548\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\"><img class=\"aligncenter size-full wp-image-6044\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\" alt=\"FLASH2 31052015\" width=\"515\" height=\"554\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.5 – FLASH TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\" alt=\"FLASH YTD 31052015\" width=\"352\" height=\"374\" /></a>\r\n\r\n<u>3.2.6 – FUNDAMENTAL TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\"><img class=\"aligncenter size-full wp-image-6047\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\" alt=\"FUNDAMENTAL 31052015\" width=\"508\" height=\"562\" /></a>\r\n\r\n<u>3.2.7 – FUNDAMENTAL TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6056\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\" alt=\"FUNDAMENTAL YTD 31052015\" width=\"348\" height=\"359\" /></a>\r\n\r\n<u>3.2.8 – RISK / REWARD ANALYSIS – 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\"><img class=\"aligncenter size-full wp-image-6076\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\" alt=\"PS RISK-REWARD - 31052015\" width=\"434\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.9 – PROFIT LOSS RATIOS – 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\"><img class=\"aligncenter size-full wp-image-6051\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\" alt=\"PS PROFIT-LOSS RATIOS 31052015\" width=\"417\" height=\"584\" /></a>\r\n\r\n<u>3.2.10 – PIP PERFORMANCE COMPARISON 2015 versus 2014:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\"><img class=\"aligncenter size-full wp-image-6050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\" alt=\"PS PIP COMPARISONS 31052015\" width=\"617\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.11 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\"><img class=\"aligncenter size-full wp-image-6041\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\" alt=\"PREM SERV PROFITS1 31052015\" width=\"456\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\"><img class=\"aligncenter size-full wp-image-6042\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\" alt=\"PREM SERV PROFITS2 31052015\" width=\"460\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.12 – MY THOUGHTS / COMMENTS:</u>\r\n\r\nThere is no doubt that this has been a strange trading year so far for Forex Traders. Personally, I have found the number of squeezes in the market this year in comparison to my previous 7/8 years of trading to be probably the highest. I do not consider myself to be a day trader, although, I am admitting to day trading traits. I trade smaller position sizes, I am in and out of trades faster, and I hardly let trades run for longer than I feel I have to. I have given thousands of dollars back to my brokers this year by trying to let trades run and not bank $$$.\r\n\r\nI have adapted my trading. This can be further seen in the fact that I have more FLASH TRADES, than RADAR and FUNDAMENTAL TRADES added together. I am trading the market more on pullbacks, than anything else.\r\n\r\nIn 2014 the PREMIUM SERVICE had a total of 512 LIVE trades. This year so far there has been 376 so far, 73% of last years total in the first 5 months. That says something.\r\n\r\nMy profit per trade using MINI lots in 2014 was over $21.00. This year so far just over $14.00. More trades less running time.\r\n\r\nYet, at this stage in 2014, the PREMIUM SERVICE had generated 3,872 pips. This year 5,342 pips, that is 1,470 pips more this year than last year in the first 5 months.\r\n\r\nI can analyze and over analyze these statistics, and I will do this over the next few days. The bottom line though is, that it is all good news…. long may it continue.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u><u> </u>\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u><u> </u>\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors)\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThe RBA, ECB and BOE are all on interest rate decisions this week.\r\n\r\nI am expecting a cut from the RBA and it is my intention to be short the AUD/USD ahead of the news with a small position to which I will add. If you are going to have open AUD positions, make sure they are within your RISK TOLERANCE guidelines.\r\n\r\nI expect very little this week from the ECB and BOE, unless with regards to the ECB a major GREECE announcement has screwed up the markets.\r\n\r\nWe also have a lot of PMI data to be released. These whilst historic in nature will give us growth indications and they could all be market movers.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday May 31st 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY','','publish','open','closed','','as-each-week-passes-my-ducks-are-lining-up-nicely','','','2015-05-31 05:06:24','2015-05-31 10:06:24','',0,'https://weeklyfxdrivethru.com/?p=6078',0,'post','',0),(6079,1,'2015-05-31 05:04:40','2015-05-31 10:04:40','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 31.05.2015\r\nREFERENCE: #155\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u><u> </u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u><u> </u>\r\n\r\nGREECE:\r\n\r\nIt was a week of waiting for news of something to happen from the EUROGROUP, IMF or the ECB regarding GREECE. There were rumours from the Greek Government mainly from Varoufakis about a settlement being close and then we had counter rumours about the alleged progress from the pit bull aka Schaeuble denying all. Schaeuble is outspoken, of that there is no doubt and frankly I would believe him on the GREECE rumours.\r\n\r\nMy fear was that a Greek agreement with creditors could see a monumental spike in the EUR/USD maybe as high as 1.1200. Then as reality sets in, that the agreement is just another “can-kicking” exercise the drop from the highs, which would be my trade, should be equally as strong. How far would we drop maybe below 1.0800, who knows, but I strongly suspect this time the markets will see the “fudge” for what it is.\r\n\r\nOn the other hand, as I have written before, is the possibility of the default, hair-cut, white flag, we’re leaving the single currency and re-instating the drachma scenarios. This would see the EUR/USD heading to parity very quickly as I see a CONTAGION effect taking place very quickly that will gather momentum.\r\n\r\nSo with this news hanging over me every time I was considering a trade, I found myself deciding to remain cautious and mainly sidelined.\r\n\r\nThere is a lot of speculation that a settlement will take place over this weekend. I am in the camp of announcements on Monday, so that the EUROZONE markets whatever the outcome is can be monitored when open.\r\n\r\nLet’s see if anything unfolds in this ongoing saga of epic proportions. It could all be the “Boy who cried wolf” once again. Remember, we have been at this stage so many times before.\r\n\r\nAUSTRALIA and NEW ZEALAND:\r\n\r\nBoth of these currencies continued to drift lower against the USD. It really does look very bearish for both currencies and if as we are told the FED is going to raise interest rates this year, the Kiwi and the Aussie are looking at much lower exchange rates than the current levels. The possibility is very strong that the AUD/USD will be sub 0.7000 and the NZD/USD sub 0.6500.\r\n\r\nLast week we saw poor Private Capital Expenditure data for Australia and poor ANZ Business Confidence data for New Zealand. Both the RBA and RBNZ are on “DOVISH” paths so these currencies and their cross-rates should offer excellent trading opportunities moving forward, with some quite exceptional pip movements on offer.\r\n\r\nThe RBA meets this week and there is plenty of China data coming up that will certainly have an effect on both of these currencies over the next 5/6 days.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: CNY – Manufacturing PMi.\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Final Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: NZD – Dairy Auction Prices.\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: EUR – Interest Rate Announcement and Press Conference.\r\nWEDNESDAY: USD – ADP Non-Farm Employment change and Trade Balance.\r\nWEDNESDAY: CAD – Trade Balance.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – BOE Bank Rate.\r\nTHURSDAY: CAD – IVEY PMi.\r\nFRIDAY: USD – Non Farm Payrolls and Unemployment Rate.\r\nFRIDAY: CAD – Employment Data and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nAs I alluded to earlier, the last week was a week when I felt we were waiting for something to happen. We had moves, which is always the bonus of trading Forex, there are nearly always opportunities, the big question as always is - can you find the opportunities and then can you actually trade them. There appears to be so many 5 minute traders in the market place at the moment, and, whilst I agree that the present market conditions certainly benefit day trading styles, if you are by nature a trader that wants to see trades try to run a little, the market is challenging.\r\n\r\nWe are, and have been for some time range bound. Yes, I will concede one or two moves have been more than a day trader’s trade but overall we have been operating in a chop fest.\r\n\r\nI find myself repeating the fact that uncertainty drives a choppy market. GREECE and the FED rate increase are the two items of uncertainty of late that have been dominating the Forex news and discussions. Until we have these matters addressed the present trading conditions will prevail.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong></h3>\r\nAs most regular readers of this blog will know already, I am basically a FUNDAMENTAL trader first and then as I see the technical’s come into position I am ready to trade.\r\n\r\nLet me be clear, being a FUNDAMENTAL trader suits my approach to trading perfectly, I like to think that I am a swing trader at heart but I will adapt to whatever I have to, but I do prefer a longer-term view. This year has been a nightmare for me in this regard and I have been more accommodating of shorter time framed trades. PREMIUM SERVICE subscribers can see this very clearly as I recommended more trades this year compared to 2014 and the profit per trade is lower than 2014. Although I am not, I look at myself sometimes as being a scalping trader, not that there is anything wrong with scalping it is just not my thing, well at least that is what I keep telling myself, after a 5 minute trade!!\r\n\r\nMoving on….\r\n\r\nWhilst my debate over trading style still hangs over me; every week that has passed recently has brought my macro level FUNDAMENTAL view on world economics related to Forex closer. I refer to this as my ducks lining up.\r\n\r\nAs I have written many times before correlations matter in the markets. The relationship in pricing if consistent allows greater confidence when placing trades.\r\n\r\nI have written so many times, that I believe all markets relate to the pricing of commodities first. “It is all about commodities”, was a phrase I heard years ago. It stuck with me and today, I still believe this to be the case.\r\n\r\nMy FUNDAMENTAL views moving forward are very simple.\r\n\r\nI have Forex targets below that are targets in my opinion based on the economic effects of central bank monetary policies, plus worldwide economic conditions of growth and inflation.\r\n\r\nEUR/USD – parity or below.\r\n\r\nAUD/USD – 0.7000 or below.\r\n\r\nNZD/USD – 0.6500 or below.\r\n\r\nUSD/CAD – 1.3000 or above.\r\n\r\nUSD/CHF – parity and above.\r\n\r\nHow did I arrive at these objectives, and what specific events are my “DUCKS”??\r\n\r\nFirstly, central banks around the world are dealing with different local economic conditions and have also reacted differently to the effects of the 2008-9 crash. Each central bank obviously has its own monetary policy, but now we have a clear divergence. The FED and maybe to a lesser extent the BOE are hawkish wanting to raise interest rates and the rest are more or less dovish. They need to remain accommodative and market supporting.\r\n\r\nThis divergence fuels my currency exchange rate targets above. Let me just make a few very brief comments about each central bank below.\r\n\r\nFED: – The FED is going to raise interest rates. It would have a severe lack of market credibility should it not carry out FED policy. As the FED is directly opposite to ECB policy and with the EUR currency accounting for in excess of 50% of the DXY calculations, the effect of the move in the EUR/USD should be dramatic. Given the recent DXY move from 80.00 to 100.00, using the drop in the EUR/USD as my guide, I see a similar move again if the FED increases rates and the measured move in the DXY could extend to 115.00 as seen in the chart below. This move would in my opinion place the EUR/USD below or around parity at best.\r\n\r\nFor years there has not been a HAWKISH FED policy, make no mistake the FED in one direction and the ECB in the other will create a big move. Divergent Central Policies are big movers in currencies.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015.png\"><img class=\"aligncenter size-large wp-image-6066\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015-1024x464.png\" alt=\"DXY RE DUCKS SEGMENT 31052015\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\nBOC: – We saw recently one surprise rate cut from Stephen Poloz, the BOC governor that was supposed to be a one off. But recent Canadian data is poor and, in my opinion, I can see another cut to try and stimulate matters.\r\n\r\nRBA: – Definitely bearish and with Iron Ore prices struggling, general business confidence low and the RBA having openly stated that they want an exchange rate with the AUD/USD closer to 0.7000 or below.\r\n\r\nRBNZ: – The official line is that the RBNZ has gone neutral but the fact that they have indicated no rate hikes when the market was expecting about 2/3 more this year, is bearish and dovish to me. Even the Prime Minister of New Zealand, John Key has said publicly that he wants the NZD/USD exchange rate targeted at 0.6500. When he first said this figure, I thought he was dreaming. The RBNZ has in the past year or so directly intervened in the Forex markets, so his target level is possible, in fact the NZD is so weak at the moment we may go lower.\r\n\r\nTHE ECB – Full on Quantitative Easing (QE) in place for at least another year or so, the EUR being the second most traded currency after the USD means that with the FED and ECB being on divergent central bank monetary policies, the EUR/USD target of parity is not unrealistic and neither is the DXY target of 115.00.\r\n\r\nGBP: – Of late the UK has produced very mixed data, but the next interest rate move will be upwards and not lower. Mark Carney, BOE governor has indicated such a move. Do you believe him? The markets do.\r\n\r\nBOJ: – The Japanese have just announced that they are easing no more. This will be interesting to see if this remains BOJ policy or not.\r\n\r\nSNB: – The exchange rate of the EUR/CHF must be causing concern as it falls closer to parity. The fact that the FED is about to raise rates coupled with the ECB being 100% accommodative, the SNB have sat back, so far, not intervening, but for how long?\r\n\r\nIt is a mixed bag but all the above added together is weighted in favour of USD strength, this supports my longer-term FUNDAMENTAL views and my FX targets.\r\n\r\nTherefore DUCK #1 is central bank divergence actually starting to bring home the bacon. This is my major DUCK; it is inline just waiting on the FED to kick-start. Already, we have witnessed dovish central bank economies linked to commodities already weakening (AUD, CAD, NZD). Fed policy will just beat them up some more!\r\n\r\nIn addition to central bank policies my currency objectives are also based around the price action with commodities.\r\n\r\nThere is a slowdown in China. This is now confirmed DUCK #2. This is critical to the economies supplying raw materials to China, mainly New Zealand and Australia.\r\n\r\nThe American households are not buying finished goods in numbers to show growth is leaping forward. Confidence is mixed. Housing in the U.S. is very regionalized, but overall not as many sales therefore not as many home improvements, which then means not as many raw material purchases either, contractors not as busy as they could be. Basically, I am saying that commodities are not being sought in the quantities or prices that the exporters require. It is a vicious circle that just rotates day after day, but these segments of the circle are key to my FUNDAMENTAL views and represent another DUCK (#3), that is in place.\r\n\r\nDUCKS #4, #5 and #6 are GOLD, OIL and COPPER are key charts for me to give my ideas confirmation and direction. Of late we have all witnessed how much the price of a barrel of WTi crude can affect both equities and forex. Generally speaking GOLD is struggling in a zero interest rate environment to get above $1,200.00. OIL is looking like it is heading back towards $50.00 and COPPER is below what I thought would never be breached at $3.00. All of these moves are USD supportive.\r\n\r\nSo I am happy, the ducks are starting to line up. It has taken more time than I thought for this to happen. I would like equities to pullback “DUCK #7” as this will add pressure to AUD and NZD shorts. However, the slowdown, the Central banks and Commodity currencies are almost in place.\r\n\r\nI just need the FED to kick start the big move. Will they move before the summer doldrums? I had a lot of hope initially that this would be the case, but now I am wondering will they delay any move on rates until September / October. One school of thought is that the best economic data quarter for the U.S. is Q4. So if the FED moves in Q3 by the time the rate effect rolls through into Q4 the economy will cope more than adequately.\r\n\r\nSo, some of my ducks are lined up and others are lining up, I just need the FED to complete the line.\r\n\r\nI am however, able to start getting trades placed now and place my longer-term FUNDAMENTAL view in action.\r\n\r\nFrom a trading detailed perspective, I will be setting up longer-term trades as FUNDAMENTAL trades and in addition I will be taking intra-day trades as RADAR or FLASH trades as well. It should be fun and hopefully profitable over the longer-term.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:\r\n\r\n</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n\r\n20 weeks / 6 months:               USD $495.00\r\n\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 376 trades cost to trade = $37.60\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$534.20</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 376 trades cost to trade = $376.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$5,342.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 376 trades cost to trade = $3,760.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$53,432.00</u></strong></p>\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – RADAR TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\"><img class=\"aligncenter size-full wp-image-6045\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\" alt=\"RADAR1 31052015\" width=\"536\" height=\"561\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\"><img class=\"aligncenter size-full wp-image-6046\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\" alt=\"RADAR2 31052015\" width=\"559\" height=\"560\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>3.2.3 – RADAR TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6055\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\" alt=\"RADAR YTD 31052015\" width=\"346\" height=\"364\" /></a>\r\n\r\n<u>3.2.4 – FLASH TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\"><img class=\"aligncenter size-full wp-image-6043\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\" alt=\"FLASH1 31052015\" width=\"499\" height=\"548\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\"><img class=\"aligncenter size-full wp-image-6044\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\" alt=\"FLASH2 31052015\" width=\"515\" height=\"554\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.5 – FLASH TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\" alt=\"FLASH YTD 31052015\" width=\"352\" height=\"374\" /></a>\r\n\r\n<u>3.2.6 – FUNDAMENTAL TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\"><img class=\"aligncenter size-full wp-image-6047\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\" alt=\"FUNDAMENTAL 31052015\" width=\"508\" height=\"562\" /></a>\r\n\r\n<u>3.2.7 – FUNDAMENTAL TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6056\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\" alt=\"FUNDAMENTAL YTD 31052015\" width=\"348\" height=\"359\" /></a>\r\n\r\n<u>3.2.8 – RISK / REWARD ANALYSIS – 2015 YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\"><img class=\"aligncenter size-full wp-image-6076\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\" alt=\"PS RISK-REWARD - 31052015\" width=\"434\" height=\"536\" /></a>\r\n</u>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.9 – PROFIT LOSS RATIOS – 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\"><img class=\"aligncenter size-full wp-image-6051\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\" alt=\"PS PROFIT-LOSS RATIOS 31052015\" width=\"417\" height=\"584\" /></a>\r\n\r\n<u>3.2.10 – PIP PERFORMANCE COMPARISON 2015 versus 2014:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\"><img class=\"aligncenter size-full wp-image-6050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\" alt=\"PS PIP COMPARISONS 31052015\" width=\"617\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.11 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\"><img class=\"aligncenter size-full wp-image-6041\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\" alt=\"PREM SERV PROFITS1 31052015\" width=\"456\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\"><img class=\"aligncenter size-full wp-image-6042\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\" alt=\"PREM SERV PROFITS2 31052015\" width=\"460\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.12 – MY THOUGHTS / COMMENTS:</u>\r\n\r\nThere is no doubt that this has been a strange trading year so far for Forex Traders. Personally, I have found the number of squeezes in the market this year in comparison to my previous 7/8 years of trading to be probably the highest. I do not consider myself to be a day trader, although, I am admitting to day trading traits. I trade smaller position sizes, I am in and out of trades faster, and I hardly let trades run for longer than I feel I have to. I have given thousands of dollars back to my brokers this year by trying to let trades run and not bank $$$.\r\n\r\nI have adapted my trading. This can be further seen in the fact that I have more FLASH TRADES, than RADAR and FUNDAMENTAL TRADES added together. I am trading the market more on pullbacks, than anything else.\r\n\r\nIn 2014 the PREMIUM SERVICE had a total of 512 LIVE trades. This year so far there has been 376 so far, 73% of last years total in the first 5 months. That says something.\r\n\r\nMy profit per trade using MINI lots in 2014 was over $21.00. This year so far just over $14.00. More trades less running time.\r\n\r\nYet, at this stage in 2014, the PREMIUM SERVICE had generated 3,872 pips. This year 5,342 pips, that is 1,470 pips more this year than last year in the first 5 months.\r\n\r\nI can analyze and over analyze these statistics, and I will do this over the next few days. The bottom line though is, that it is all good news…. long may it continue.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u><u> </u>\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u><u> </u>\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors)\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThe RBA, ECB and BOE are all on interest rate decisions this week.\r\n\r\nI am expecting a cut from the RBA and it is my intention to be short the AUD/USD ahead of the news with a small position to which I will add. If you are going to have open AUD positions, make sure they are within your RISK TOLERANCE guidelines.\r\n\r\nI expect very little this week from the ECB and BOE, unless with regards to the ECB a major GREECE announcement has screwed up the markets.\r\n\r\nWe also have a lot of PMI data to be released. These whilst historic in nature will give us growth indications and they could all be market movers.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday May 31st 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','','','inherit','open','closed','','6078-revision-v1','','','2015-05-31 05:04:40','2015-05-31 10:04:40','',6078,'https://weeklyfxdrivethru.com/6078-revision-v1/',0,'revision','',0),(6080,1,'2015-05-31 05:06:06','2015-05-31 10:06:06','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 31.05.2015\r\nREFERENCE: #155\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u><u> </u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u><u> </u>\r\n\r\nGREECE:\r\n\r\nIt was a week of waiting for news of something to happen from the EUROGROUP, IMF or the ECB regarding GREECE. There were rumours from the Greek Government mainly from Varoufakis about a settlement being close and then we had counter rumours about the alleged progress from the pit bull aka Schaeuble denying all. Schaeuble is outspoken, of that there is no doubt and frankly I would believe him on the GREECE rumours.\r\n\r\nMy fear was that a Greek agreement with creditors could see a monumental spike in the EUR/USD maybe as high as 1.1200. Then as reality sets in, that the agreement is just another “can-kicking” exercise the drop from the highs, which would be my trade, should be equally as strong. How far would we drop maybe below 1.0800, who knows, but I strongly suspect this time the markets will see the “fudge” for what it is.\r\n\r\nOn the other hand, as I have written before, is the possibility of the default, hair-cut, white flag, we’re leaving the single currency and re-instating the drachma scenarios. This would see the EUR/USD heading to parity very quickly as I see a CONTAGION effect taking place very quickly that will gather momentum.\r\n\r\nSo with this news hanging over me every time I was considering a trade, I found myself deciding to remain cautious and mainly sidelined.\r\n\r\nThere is a lot of speculation that a settlement will take place over this weekend. I am in the camp of announcements on Monday, so that the EUROZONE markets whatever the outcome is can be monitored when open.\r\n\r\nLet’s see if anything unfolds in this ongoing saga of epic proportions. It could all be the “Boy who cried wolf” once again. Remember, we have been at this stage so many times before.\r\n\r\nAUSTRALIA and NEW ZEALAND:\r\n\r\nBoth of these currencies continued to drift lower against the USD. It really does look very bearish for both currencies and if as we are told the FED is going to raise interest rates this year, the Kiwi and the Aussie are looking at much lower exchange rates than the current levels. The possibility is very strong that the AUD/USD will be sub 0.7000 and the NZD/USD sub 0.6500.\r\n\r\nLast week we saw poor Private Capital Expenditure data for Australia and poor ANZ Business Confidence data for New Zealand. Both the RBA and RBNZ are on “DOVISH” paths so these currencies and their cross-rates should offer excellent trading opportunities moving forward, with some quite exceptional pip movements on offer.\r\n\r\nThe RBA meets this week and there is plenty of China data coming up that will certainly have an effect on both of these currencies over the next 5/6 days.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: CNY – Manufacturing PMi.\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Final Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: NZD – Dairy Auction Prices.\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: EUR – Interest Rate Announcement and Press Conference.\r\nWEDNESDAY: USD – ADP Non-Farm Employment change and Trade Balance.\r\nWEDNESDAY: CAD – Trade Balance.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – BOE Bank Rate.\r\nTHURSDAY: CAD – IVEY PMi.\r\nFRIDAY: USD – Non Farm Payrolls and Unemployment Rate.\r\nFRIDAY: CAD – Employment Data and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nAs I alluded to earlier, the last week was a week when I felt we were waiting for something to happen. We had moves, which is always the bonus of trading Forex, there are nearly always opportunities, the big question as always is - can you find the opportunities and then can you actually trade them. There appears to be so many 5 minute traders in the market place at the moment, and, whilst I agree that the present market conditions certainly benefit day trading styles, if you are by nature a trader that wants to see trades try to run a little, the market is challenging.\r\n\r\nWe are, and have been for some time range bound. Yes, I will concede one or two moves have been more than a day trader’s trade but overall we have been operating in a chop fest.\r\n\r\nI find myself repeating the fact that uncertainty drives a choppy market. GREECE and the FED rate increase are the two items of uncertainty of late that have been dominating the Forex news and discussions. Until we have these matters addressed the present trading conditions will prevail.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong></h3>\r\nAs most regular readers of this blog will know already, I am basically a FUNDAMENTAL trader first and then as I see the technical’s come into position I am ready to trade.\r\n\r\nLet me be clear, being a FUNDAMENTAL trader suits my approach to trading perfectly, I like to think that I am a swing trader at heart but I will adapt to whatever I have to, but I do prefer a longer-term view. This year has been a nightmare for me in this regard and I have been more accommodating of shorter time framed trades. PREMIUM SERVICE subscribers can see this very clearly as I recommended more trades this year compared to 2014 and the profit per trade is lower than 2014. Although I am not, I look at myself sometimes as being a scalping trader, not that there is anything wrong with scalping it is just not my thing, well at least that is what I keep telling myself, after a 5 minute trade!!\r\n\r\nMoving on….\r\n\r\nWhilst my debate over trading style still hangs over me; every week that has passed recently has brought my macro level FUNDAMENTAL view on world economics related to Forex closer. I refer to this as my ducks lining up.\r\n\r\nAs I have written many times before correlations matter in the markets. The relationship in pricing if consistent allows greater confidence when placing trades.\r\n\r\nI have written so many times, that I believe all markets relate to the pricing of commodities first. “It is all about commodities”, was a phrase I heard years ago. It stuck with me and today, I still believe this to be the case.\r\n\r\nMy FUNDAMENTAL views moving forward are very simple.\r\n\r\nI have Forex targets below that are targets in my opinion based on the economic effects of central bank monetary policies, plus worldwide economic conditions of growth and inflation.\r\n\r\nEUR/USD – parity or below.\r\n\r\nAUD/USD – 0.7000 or below.\r\n\r\nNZD/USD – 0.6500 or below.\r\n\r\nUSD/CAD – 1.3000 or above.\r\n\r\nUSD/CHF – parity and above.\r\n\r\nHow did I arrive at these objectives, and what specific events are my “DUCKS”??\r\n\r\nFirstly, central banks around the world are dealing with different local economic conditions and have also reacted differently to the effects of the 2008-9 crash. Each central bank obviously has its own monetary policy, but now we have a clear divergence. The FED and maybe to a lesser extent the BOE are hawkish wanting to raise interest rates and the rest are more or less dovish. They need to remain accommodative and market supporting.\r\n\r\nThis divergence fuels my currency exchange rate targets above. Let me just make a few very brief comments about each central bank below.\r\n\r\nFED: – The FED is going to raise interest rates. It would have a severe lack of market credibility should it not carry out FED policy. As the FED is directly opposite to ECB policy and with the EUR currency accounting for in excess of 50% of the DXY calculations, the effect of the move in the EUR/USD should be dramatic. Given the recent DXY move from 80.00 to 100.00, using the drop in the EUR/USD as my guide, I see a similar move again if the FED increases rates and the measured move in the DXY could extend to 115.00 as seen in the chart below. This move would in my opinion place the EUR/USD below or around parity at best.\r\n\r\nFor years there has not been a HAWKISH FED policy, make no mistake the FED in one direction and the ECB in the other will create a big move. Divergent Central Policies are big movers in currencies.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015.png\"><img class=\"aligncenter size-large wp-image-6066\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015-1024x464.png\" alt=\"DXY RE DUCKS SEGMENT 31052015\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\nBOC: – We saw recently one surprise rate cut from Stephen Poloz, the BOC governor that was supposed to be a one off. But recent Canadian data is poor and, in my opinion, I can see another cut to try and stimulate matters.\r\n\r\nRBA: – Definitely bearish and with Iron Ore prices struggling, general business confidence low and the RBA having openly stated that they want an exchange rate with the AUD/USD closer to 0.7000 or below.\r\n\r\nRBNZ: – The official line is that the RBNZ has gone neutral but the fact that they have indicated no rate hikes when the market was expecting about 2/3 more this year, is bearish and dovish to me. Even the Prime Minister of New Zealand, John Key has said publicly that he wants the NZD/USD exchange rate targeted at 0.6500. When he first said this figure, I thought he was dreaming. The RBNZ has in the past year or so directly intervened in the Forex markets, so his target level is possible, in fact the NZD is so weak at the moment we may go lower.\r\n\r\nTHE ECB – Full on Quantitative Easing (QE) in place for at least another year or so, the EUR being the second most traded currency after the USD means that with the FED and ECB being on divergent central bank monetary policies, the EUR/USD target of parity is not unrealistic and neither is the DXY target of 115.00.\r\n\r\nGBP: – Of late the UK has produced very mixed data, but the next interest rate move will be upwards and not lower. Mark Carney, BOE governor has indicated such a move. Do you believe him? The markets do.\r\n\r\nBOJ: – The Japanese have just announced that they are easing no more. This will be interesting to see if this remains BOJ policy or not.\r\n\r\nSNB: – The exchange rate of the EUR/CHF must be causing concern as it falls closer to parity. The fact that the FED is about to raise rates coupled with the ECB being 100% accommodative, the SNB have sat back, so far, not intervening, but for how long?\r\n\r\nIt is a mixed bag but all the above added together is weighted in favour of USD strength, this supports my longer-term FUNDAMENTAL views and my FX targets.\r\n\r\nTherefore DUCK #1 is central bank divergence actually starting to bring home the bacon. This is my major DUCK; it is inline just waiting on the FED to kick-start. Already, we have witnessed dovish central bank economies linked to commodities already weakening (AUD, CAD, NZD). Fed policy will just beat them up some more!\r\n\r\nIn addition to central bank policies my currency objectives are also based around the price action with commodities.\r\n\r\nThere is a slowdown in China. This is now confirmed DUCK #2. This is critical to the economies supplying raw materials to China, mainly New Zealand and Australia.\r\n\r\nThe American households are not buying finished goods in numbers to show growth is leaping forward. Confidence is mixed. Housing in the U.S. is very regionalized, but overall not as many sales therefore not as many home improvements, which then means not as many raw material purchases either, contractors not as busy as they could be. Basically, I am saying that commodities are not being sought in the quantities or prices that the exporters require. It is a vicious circle that just rotates day after day, but these segments of the circle are key to my FUNDAMENTAL views and represent another DUCK (#3), that is in place.\r\n\r\nDUCKS #4, #5 and #6 are GOLD, OIL and COPPER are key charts for me to give my ideas confirmation and direction. Of late we have all witnessed how much the price of a barrel of WTi crude can affect both equities and forex. Generally speaking GOLD is struggling in a zero interest rate environment to get above $1,200.00. OIL is looking like it is heading back towards $50.00 and COPPER is below what I thought would never be breached at $3.00. All of these moves are USD supportive.\r\n\r\nSo I am happy, the ducks are starting to line up. It has taken more time than I thought for this to happen. I would like equities to pullback “DUCK #7” as this will add pressure to AUD and NZD shorts. However, the slowdown, the Central banks and Commodity currencies are almost in place.\r\n\r\nI just need the FED to kick start the big move. Will they move before the summer doldrums? I had a lot of hope initially that this would be the case, but now I am wondering will they delay any move on rates until September / October. One school of thought is that the best economic data quarter for the U.S. is Q4. So if the FED moves in Q3 by the time the rate effect rolls through into Q4 the economy will cope more than adequately.\r\n\r\nSo, some of my ducks are lined up and others are lining up, I just need the FED to complete the line.\r\n\r\nI am however, able to start getting trades placed now and place my longer-term FUNDAMENTAL view in action.\r\n\r\nFrom a trading detailed perspective, I will be setting up longer-term trades as FUNDAMENTAL trades and in addition I will be taking intra-day trades as RADAR or FLASH trades as well. It should be fun and hopefully profitable over the longer-term.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><u> THE PREMIUM SERVICE:</u></strong>&nbsp;</li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n\r\n20 weeks / 6 months:               USD $495.00\r\n\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 376 trades cost to trade = $37.60\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$534.20</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 376 trades cost to trade = $376.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$5,342.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 376 trades cost to trade = $3,760.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$53,432.00</u></strong></p>\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – RADAR TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\"><img class=\"aligncenter size-full wp-image-6045\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\" alt=\"RADAR1 31052015\" width=\"536\" height=\"561\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\"><img class=\"aligncenter size-full wp-image-6046\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\" alt=\"RADAR2 31052015\" width=\"559\" height=\"560\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>3.2.3 – RADAR TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6055\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\" alt=\"RADAR YTD 31052015\" width=\"346\" height=\"364\" /></a>\r\n\r\n<u>3.2.4 – FLASH TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\"><img class=\"aligncenter size-full wp-image-6043\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\" alt=\"FLASH1 31052015\" width=\"499\" height=\"548\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\"><img class=\"aligncenter size-full wp-image-6044\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\" alt=\"FLASH2 31052015\" width=\"515\" height=\"554\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.5 – FLASH TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\" alt=\"FLASH YTD 31052015\" width=\"352\" height=\"374\" /></a>\r\n\r\n<u>3.2.6 – FUNDAMENTAL TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\"><img class=\"aligncenter size-full wp-image-6047\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\" alt=\"FUNDAMENTAL 31052015\" width=\"508\" height=\"562\" /></a>\r\n\r\n<u>3.2.7 – FUNDAMENTAL TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6056\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\" alt=\"FUNDAMENTAL YTD 31052015\" width=\"348\" height=\"359\" /></a>\r\n\r\n<u>3.2.8 – RISK / REWARD ANALYSIS – 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\"><img class=\"aligncenter size-full wp-image-6076\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\" alt=\"PS RISK-REWARD - 31052015\" width=\"434\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.9 – PROFIT LOSS RATIOS – 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\"><img class=\"aligncenter size-full wp-image-6051\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\" alt=\"PS PROFIT-LOSS RATIOS 31052015\" width=\"417\" height=\"584\" /></a>\r\n\r\n<u>3.2.10 – PIP PERFORMANCE COMPARISON 2015 versus 2014:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\"><img class=\"aligncenter size-full wp-image-6050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\" alt=\"PS PIP COMPARISONS 31052015\" width=\"617\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.11 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\"><img class=\"aligncenter size-full wp-image-6041\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\" alt=\"PREM SERV PROFITS1 31052015\" width=\"456\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\"><img class=\"aligncenter size-full wp-image-6042\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\" alt=\"PREM SERV PROFITS2 31052015\" width=\"460\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.12 – MY THOUGHTS / COMMENTS:</u>\r\n\r\nThere is no doubt that this has been a strange trading year so far for Forex Traders. Personally, I have found the number of squeezes in the market this year in comparison to my previous 7/8 years of trading to be probably the highest. I do not consider myself to be a day trader, although, I am admitting to day trading traits. I trade smaller position sizes, I am in and out of trades faster, and I hardly let trades run for longer than I feel I have to. I have given thousands of dollars back to my brokers this year by trying to let trades run and not bank $$$.\r\n\r\nI have adapted my trading. This can be further seen in the fact that I have more FLASH TRADES, than RADAR and FUNDAMENTAL TRADES added together. I am trading the market more on pullbacks, than anything else.\r\n\r\nIn 2014 the PREMIUM SERVICE had a total of 512 LIVE trades. This year so far there has been 376 so far, 73% of last years total in the first 5 months. That says something.\r\n\r\nMy profit per trade using MINI lots in 2014 was over $21.00. This year so far just over $14.00. More trades less running time.\r\n\r\nYet, at this stage in 2014, the PREMIUM SERVICE had generated 3,872 pips. This year 5,342 pips, that is 1,470 pips more this year than last year in the first 5 months.\r\n\r\nI can analyze and over analyze these statistics, and I will do this over the next few days. The bottom line though is, that it is all good news…. long may it continue.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u><u> </u>\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u><u> </u>\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors)\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThe RBA, ECB and BOE are all on interest rate decisions this week.\r\n\r\nI am expecting a cut from the RBA and it is my intention to be short the AUD/USD ahead of the news with a small position to which I will add. If you are going to have open AUD positions, make sure they are within your RISK TOLERANCE guidelines.\r\n\r\nI expect very little this week from the ECB and BOE, unless with regards to the ECB a major GREECE announcement has screwed up the markets.\r\n\r\nWe also have a lot of PMI data to be released. These whilst historic in nature will give us growth indications and they could all be market movers.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday May 31st 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY','','inherit','open','closed','','6078-revision-v1','','','2015-05-31 05:06:06','2015-05-31 10:06:06','',6078,'https://weeklyfxdrivethru.com/6078-revision-v1/',0,'revision','',0),(6081,1,'2015-05-31 05:06:24','2015-05-31 10:06:24','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 31.05.2015\r\nREFERENCE: #155\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u><u> </u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u><u> </u>\r\n\r\nGREECE:\r\n\r\nIt was a week of waiting for news of something to happen from the EUROGROUP, IMF or the ECB regarding GREECE. There were rumours from the Greek Government mainly from Varoufakis about a settlement being close and then we had counter rumours about the alleged progress from the pit bull aka Schaeuble denying all. Schaeuble is outspoken, of that there is no doubt and frankly I would believe him on the GREECE rumours.\r\n\r\nMy fear was that a Greek agreement with creditors could see a monumental spike in the EUR/USD maybe as high as 1.1200. Then as reality sets in, that the agreement is just another “can-kicking” exercise the drop from the highs, which would be my trade, should be equally as strong. How far would we drop maybe below 1.0800, who knows, but I strongly suspect this time the markets will see the “fudge” for what it is.\r\n\r\nOn the other hand, as I have written before, is the possibility of the default, hair-cut, white flag, we’re leaving the single currency and re-instating the drachma scenarios. This would see the EUR/USD heading to parity very quickly as I see a CONTAGION effect taking place very quickly that will gather momentum.\r\n\r\nSo with this news hanging over me every time I was considering a trade, I found myself deciding to remain cautious and mainly sidelined.\r\n\r\nThere is a lot of speculation that a settlement will take place over this weekend. I am in the camp of announcements on Monday, so that the EUROZONE markets whatever the outcome is can be monitored when open.\r\n\r\nLet’s see if anything unfolds in this ongoing saga of epic proportions. It could all be the “Boy who cried wolf” once again. Remember, we have been at this stage so many times before.\r\n\r\nAUSTRALIA and NEW ZEALAND:\r\n\r\nBoth of these currencies continued to drift lower against the USD. It really does look very bearish for both currencies and if as we are told the FED is going to raise interest rates this year, the Kiwi and the Aussie are looking at much lower exchange rates than the current levels. The possibility is very strong that the AUD/USD will be sub 0.7000 and the NZD/USD sub 0.6500.\r\n\r\nLast week we saw poor Private Capital Expenditure data for Australia and poor ANZ Business Confidence data for New Zealand. Both the RBA and RBNZ are on “DOVISH” paths so these currencies and their cross-rates should offer excellent trading opportunities moving forward, with some quite exceptional pip movements on offer.\r\n\r\nThe RBA meets this week and there is plenty of China data coming up that will certainly have an effect on both of these currencies over the next 5/6 days.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: CNY – Manufacturing PMi.\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Final Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: NZD – Dairy Auction Prices.\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: EUR – Interest Rate Announcement and Press Conference.\r\nWEDNESDAY: USD – ADP Non-Farm Employment change and Trade Balance.\r\nWEDNESDAY: CAD – Trade Balance.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – BOE Bank Rate.\r\nTHURSDAY: CAD – IVEY PMi.\r\nFRIDAY: USD – Non Farm Payrolls and Unemployment Rate.\r\nFRIDAY: CAD – Employment Data and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nAs I alluded to earlier, the last week was a week when I felt we were waiting for something to happen. We had moves, which is always the bonus of trading Forex, there are nearly always opportunities, the big question as always is - can you find the opportunities and then can you actually trade them. There appears to be so many 5 minute traders in the market place at the moment, and, whilst I agree that the present market conditions certainly benefit day trading styles, if you are by nature a trader that wants to see trades try to run a little, the market is challenging.\r\n\r\nWe are, and have been for some time range bound. Yes, I will concede one or two moves have been more than a day trader’s trade but overall we have been operating in a chop fest.\r\n\r\nI find myself repeating the fact that uncertainty drives a choppy market. GREECE and the FED rate increase are the two items of uncertainty of late that have been dominating the Forex news and discussions. Until we have these matters addressed the present trading conditions will prevail.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong></h3>\r\nAs most regular readers of this blog will know already, I am basically a FUNDAMENTAL trader first and then as I see the technical’s come into position I am ready to trade.\r\n\r\nLet me be clear, being a FUNDAMENTAL trader suits my approach to trading perfectly, I like to think that I am a swing trader at heart but I will adapt to whatever I have to, but I do prefer a longer-term view. This year has been a nightmare for me in this regard and I have been more accommodating of shorter time framed trades. PREMIUM SERVICE subscribers can see this very clearly as I recommended more trades this year compared to 2014 and the profit per trade is lower than 2014. Although I am not, I look at myself sometimes as being a scalping trader, not that there is anything wrong with scalping it is just not my thing, well at least that is what I keep telling myself, after a 5 minute trade!!\r\n\r\nMoving on….\r\n\r\nWhilst my debate over trading style still hangs over me; every week that has passed recently has brought my macro level FUNDAMENTAL view on world economics related to Forex closer. I refer to this as my ducks lining up.\r\n\r\nAs I have written many times before correlations matter in the markets. The relationship in pricing if consistent allows greater confidence when placing trades.\r\n\r\nI have written so many times, that I believe all markets relate to the pricing of commodities first. “It is all about commodities”, was a phrase I heard years ago. It stuck with me and today, I still believe this to be the case.\r\n\r\nMy FUNDAMENTAL views moving forward are very simple.\r\n\r\nI have Forex targets below that are targets in my opinion based on the economic effects of central bank monetary policies, plus worldwide economic conditions of growth and inflation.\r\n\r\nEUR/USD – parity or below.\r\n\r\nAUD/USD – 0.7000 or below.\r\n\r\nNZD/USD – 0.6500 or below.\r\n\r\nUSD/CAD – 1.3000 or above.\r\n\r\nUSD/CHF – parity and above.\r\n\r\nHow did I arrive at these objectives, and what specific events are my “DUCKS”??\r\n\r\nFirstly, central banks around the world are dealing with different local economic conditions and have also reacted differently to the effects of the 2008-9 crash. Each central bank obviously has its own monetary policy, but now we have a clear divergence. The FED and maybe to a lesser extent the BOE are hawkish wanting to raise interest rates and the rest are more or less dovish. They need to remain accommodative and market supporting.\r\n\r\nThis divergence fuels my currency exchange rate targets above. Let me just make a few very brief comments about each central bank below.\r\n\r\nFED: – The FED is going to raise interest rates. It would have a severe lack of market credibility should it not carry out FED policy. As the FED is directly opposite to ECB policy and with the EUR currency accounting for in excess of 50% of the DXY calculations, the effect of the move in the EUR/USD should be dramatic. Given the recent DXY move from 80.00 to 100.00, using the drop in the EUR/USD as my guide, I see a similar move again if the FED increases rates and the measured move in the DXY could extend to 115.00 as seen in the chart below. This move would in my opinion place the EUR/USD below or around parity at best.\r\n\r\nFor years there has not been a HAWKISH FED policy, make no mistake the FED in one direction and the ECB in the other will create a big move. Divergent Central Policies are big movers in currencies.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015.png\"><img class=\"aligncenter size-large wp-image-6066\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/DXY-RE-DUCKS-SEGMENT-31052015-1024x464.png\" alt=\"DXY RE DUCKS SEGMENT 31052015\" width=\"1024\" height=\"464\" /></a>\r\n\r\n&nbsp;\r\n\r\nBOC: – We saw recently one surprise rate cut from Stephen Poloz, the BOC governor that was supposed to be a one off. But recent Canadian data is poor and, in my opinion, I can see another cut to try and stimulate matters.\r\n\r\nRBA: – Definitely bearish and with Iron Ore prices struggling, general business confidence low and the RBA having openly stated that they want an exchange rate with the AUD/USD closer to 0.7000 or below.\r\n\r\nRBNZ: – The official line is that the RBNZ has gone neutral but the fact that they have indicated no rate hikes when the market was expecting about 2/3 more this year, is bearish and dovish to me. Even the Prime Minister of New Zealand, John Key has said publicly that he wants the NZD/USD exchange rate targeted at 0.6500. When he first said this figure, I thought he was dreaming. The RBNZ has in the past year or so directly intervened in the Forex markets, so his target level is possible, in fact the NZD is so weak at the moment we may go lower.\r\n\r\nTHE ECB – Full on Quantitative Easing (QE) in place for at least another year or so, the EUR being the second most traded currency after the USD means that with the FED and ECB being on divergent central bank monetary policies, the EUR/USD target of parity is not unrealistic and neither is the DXY target of 115.00.\r\n\r\nGBP: – Of late the UK has produced very mixed data, but the next interest rate move will be upwards and not lower. Mark Carney, BOE governor has indicated such a move. Do you believe him? The markets do.\r\n\r\nBOJ: – The Japanese have just announced that they are easing no more. This will be interesting to see if this remains BOJ policy or not.\r\n\r\nSNB: – The exchange rate of the EUR/CHF must be causing concern as it falls closer to parity. The fact that the FED is about to raise rates coupled with the ECB being 100% accommodative, the SNB have sat back, so far, not intervening, but for how long?\r\n\r\nIt is a mixed bag but all the above added together is weighted in favour of USD strength, this supports my longer-term FUNDAMENTAL views and my FX targets.\r\n\r\nTherefore DUCK #1 is central bank divergence actually starting to bring home the bacon. This is my major DUCK; it is inline just waiting on the FED to kick-start. Already, we have witnessed dovish central bank economies linked to commodities already weakening (AUD, CAD, NZD). Fed policy will just beat them up some more!\r\n\r\nIn addition to central bank policies my currency objectives are also based around the price action with commodities.\r\n\r\nThere is a slowdown in China. This is now confirmed DUCK #2. This is critical to the economies supplying raw materials to China, mainly New Zealand and Australia.\r\n\r\nThe American households are not buying finished goods in numbers to show growth is leaping forward. Confidence is mixed. Housing in the U.S. is very regionalized, but overall not as many sales therefore not as many home improvements, which then means not as many raw material purchases either, contractors not as busy as they could be. Basically, I am saying that commodities are not being sought in the quantities or prices that the exporters require. It is a vicious circle that just rotates day after day, but these segments of the circle are key to my FUNDAMENTAL views and represent another DUCK (#3), that is in place.\r\n\r\nDUCKS #4, #5 and #6 are GOLD, OIL and COPPER are key charts for me to give my ideas confirmation and direction. Of late we have all witnessed how much the price of a barrel of WTi crude can affect both equities and forex. Generally speaking GOLD is struggling in a zero interest rate environment to get above $1,200.00. OIL is looking like it is heading back towards $50.00 and COPPER is below what I thought would never be breached at $3.00. All of these moves are USD supportive.\r\n\r\nSo I am happy, the ducks are starting to line up. It has taken more time than I thought for this to happen. I would like equities to pullback “DUCK #7” as this will add pressure to AUD and NZD shorts. However, the slowdown, the Central banks and Commodity currencies are almost in place.\r\n\r\nI just need the FED to kick start the big move. Will they move before the summer doldrums? I had a lot of hope initially that this would be the case, but now I am wondering will they delay any move on rates until September / October. One school of thought is that the best economic data quarter for the U.S. is Q4. So if the FED moves in Q3 by the time the rate effect rolls through into Q4 the economy will cope more than adequately.\r\n\r\nSo, some of my ducks are lined up and others are lining up, I just need the FED to complete the line.\r\n\r\nI am however, able to start getting trades placed now and place my longer-term FUNDAMENTAL view in action.\r\n\r\nFrom a trading detailed perspective, I will be setting up longer-term trades as FUNDAMENTAL trades and in addition I will be taking intra-day trades as RADAR or FLASH trades as well. It should be fun and hopefully profitable over the longer-term.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n\r\n20 weeks / 6 months:               USD $495.00\r\n\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 376 trades cost to trade = $37.60\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$534.20</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 376 trades cost to trade = $376.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$5,342.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 376 trades cost to trade = $3,760.00\r\n<strong>PROFIT</strong> from 376 trades = <strong><u>$53,432.00</u></strong></p>\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – RADAR TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\"><img class=\"aligncenter size-full wp-image-6045\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR1-31052015.png\" alt=\"RADAR1 31052015\" width=\"536\" height=\"561\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\"><img class=\"aligncenter size-full wp-image-6046\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR2-31052015.png\" alt=\"RADAR2 31052015\" width=\"559\" height=\"560\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>3.2.3 – RADAR TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6055\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/RADAR-YTD-31052015.png\" alt=\"RADAR YTD 31052015\" width=\"346\" height=\"364\" /></a>\r\n\r\n<u>3.2.4 – FLASH TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\"><img class=\"aligncenter size-full wp-image-6043\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH1-31052015.png\" alt=\"FLASH1 31052015\" width=\"499\" height=\"548\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\"><img class=\"aligncenter size-full wp-image-6044\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH2-31052015.png\" alt=\"FLASH2 31052015\" width=\"515\" height=\"554\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.5 – FLASH TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FLASH-YTD-31052015.png\" alt=\"FLASH YTD 31052015\" width=\"352\" height=\"374\" /></a>\r\n\r\n<u>3.2.6 – FUNDAMENTAL TRADE SUMMARY – May 2015:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\"><img class=\"aligncenter size-full wp-image-6047\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-31052015.png\" alt=\"FUNDAMENTAL 31052015\" width=\"508\" height=\"562\" /></a>\r\n\r\n<u>3.2.7 – FUNDAMENTAL TRADE SUMMARY - 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\"><img class=\"aligncenter size-full wp-image-6056\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/FUNDAMENTAL-YTD-31052015.png\" alt=\"FUNDAMENTAL YTD 31052015\" width=\"348\" height=\"359\" /></a>\r\n\r\n<u>3.2.8 – RISK / REWARD ANALYSIS – 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\"><img class=\"aligncenter size-full wp-image-6076\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-RISK-REWARD-310520151.png\" alt=\"PS RISK-REWARD - 31052015\" width=\"434\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.9 – PROFIT LOSS RATIOS – 2015 YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\"><img class=\"aligncenter size-full wp-image-6051\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PROFIT-LOSS-RATIOS-31052015.png\" alt=\"PS PROFIT-LOSS RATIOS 31052015\" width=\"417\" height=\"584\" /></a>\r\n\r\n<u>3.2.10 – PIP PERFORMANCE COMPARISON 2015 versus 2014:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\"><img class=\"aligncenter size-full wp-image-6050\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PS-PIP-COMPARISONS-31052015.png\" alt=\"PS PIP COMPARISONS 31052015\" width=\"617\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.11 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\"><img class=\"aligncenter size-full wp-image-6041\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS1-31052015.png\" alt=\"PREM SERV PROFITS1 31052015\" width=\"456\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\"><img class=\"aligncenter size-full wp-image-6042\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/05/PREM-SERV-PROFITS2-31052015.png\" alt=\"PREM SERV PROFITS2 31052015\" width=\"460\" height=\"418\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.12 – MY THOUGHTS / COMMENTS:</u>\r\n\r\nThere is no doubt that this has been a strange trading year so far for Forex Traders. Personally, I have found the number of squeezes in the market this year in comparison to my previous 7/8 years of trading to be probably the highest. I do not consider myself to be a day trader, although, I am admitting to day trading traits. I trade smaller position sizes, I am in and out of trades faster, and I hardly let trades run for longer than I feel I have to. I have given thousands of dollars back to my brokers this year by trying to let trades run and not bank $$$.\r\n\r\nI have adapted my trading. This can be further seen in the fact that I have more FLASH TRADES, than RADAR and FUNDAMENTAL TRADES added together. I am trading the market more on pullbacks, than anything else.\r\n\r\nIn 2014 the PREMIUM SERVICE had a total of 512 LIVE trades. This year so far there has been 376 so far, 73% of last years total in the first 5 months. That says something.\r\n\r\nMy profit per trade using MINI lots in 2014 was over $21.00. This year so far just over $14.00. More trades less running time.\r\n\r\nYet, at this stage in 2014, the PREMIUM SERVICE had generated 3,872 pips. This year 5,342 pips, that is 1,470 pips more this year than last year in the first 5 months.\r\n\r\nI can analyze and over analyze these statistics, and I will do this over the next few days. The bottom line though is, that it is all good news…. long may it continue.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u><u> </u>\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u><u> </u>\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors)\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThe RBA, ECB and BOE are all on interest rate decisions this week.\r\n\r\nI am expecting a cut from the RBA and it is my intention to be short the AUD/USD ahead of the news with a small position to which I will add. If you are going to have open AUD positions, make sure they are within your RISK TOLERANCE guidelines.\r\n\r\nI expect very little this week from the ECB and BOE, unless with regards to the ECB a major GREECE announcement has screwed up the markets.\r\n\r\nWe also have a lot of PMI data to be released. These whilst historic in nature will give us growth indications and they could all be market movers.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday May 31st 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY','','inherit','open','closed','','6078-revision-v1','','','2015-05-31 05:06:24','2015-05-31 10:06:24','',6078,'https://weeklyfxdrivethru.com/6078-revision-v1/',0,'revision','',0),(6107,1,'2015-06-06 17:14:20','2015-06-06 22:14:20','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<h3 style=\"text-align: center;\"></h3>\r\n<p style=\"text-align: left;\"><strong>DATE: 07.06.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #63\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong></p>\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nIt was another week from my perspective of waiting for news to happen. I only took a few trades, majority of them nice ones with $$$ and some nice pip gains.\r\n\r\nLast week, I wrote about how my “Ducks” were starting to line up and that I was ready to place some longer-term trades through the summer based on my FUNDAMENTAL views. Those trades are still hanging about. The markets were so choppy, I decided against even placing them with brokers so as not to get caught on a squeeze in the wrong direction.\r\n\r\nUp until last Friday, the USD was taking a bit of a beating to say the least and I was happy to sit back and watch thinking when I enter my trades I will have much better entry levels than I had originally thought possible. Then of course, NFP happened, blow out numbers… where did those numbers come from?\r\n\r\nSo, as it stands today, I am in cash, no trades either LIVE or LIMIT orders placed with brokers. It feels a little weird having no skin in the game but I view this as a blank canvas from which to work from next week.\r\n\r\n1.1.2 – GREECE:\r\n\r\nThis must be embarrassing for most on-lookers to watch, who know nothing of the cultural diversities in play with this negotiation.\r\n\r\nThe best way that I can describe this is as a Mexican standoff with stakes in play that are of the highest values imaginable for both sides.\r\n\r\nThe current GREECE stalemate is the subject of “WHAT’S ON MY MIND -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW” in section 2 of this week’s blog.\r\n\r\n1.1.3 – RBA:\r\n\r\nLast week the RBA removed the supportive dovish notes from their statement. Quite an interesting move given the fact that the economic data such as Retail Sales and the Trade Balance released less than 48 hours after the RBA rate statement were poor. I can only assume that the housing bubble in and around Sydney is weighing in very, very heavy on the RBA creating this move in monetary policy.\r\n\r\nI am cynical of the RBA move, and this does have an effect on my FUNDAMENTAL positioning moving forward, however, for now, I cannot see the RBA hiking rates\r\n\r\n1.1.4 – ECB:\r\n\r\nI have to say a rather uneventful press conference; sure we had the usual choppy price action, but as far as I was concerned it was a non-event.\r\n\r\nMario Draghi was asked questions about GREECE to which he simply gave the human resources / personnel department response, down the middle from a textbook.\r\n\r\nHe pushed back on QE timings of the program. Quite right too, the QE program isn’t even 6 months old yet!\r\n\r\nIn addition with economic data from the EUROZONE starting to show improvement in places and the start of a bottoming out process, it was a relatively straightforward press conference.\r\n\r\n1.1.5 – ADP and NON-FARM PAYROLLS:\r\n\r\nBasically ADP numbers were in line, only a very slight beat, however, NFP beat by almost 60k. Blowout numbers and the USD went crazy.\r\n\r\nAs you can therefore imagine the calls for a a rate hike by the FED for later this month were re-kindled although the smart money is now allegedly on October 2015. Who knows when it will happen but be certain it will happen this year. I was thinking just prior to the Q4, but do not rule anything out. We may still see a move before the summer.\r\n\r\nRemember, it does NOT have to be announced at the FED meeting it can be done whenever they desire.\r\n\r\n1.1.6 – CAD EMPLOYMENT DATA:\r\n\r\nDo NOT get the champagne corks blasting out of bottles. The CAD numbers will be revised. Last year they gave out numbers that were “Mickey Mouse” all year. I would not believe any numbers that come out of Ottawa - they should be issued with a caveat of a “GOVERNMENT HEALTH WARNING” similar to tobacco.\r\n\r\nThe predictions of 10.2k jobs created were crushed with a 58.9k posting, impressive beyond all considerations, but is it accurate?\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</u><u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\nMONDAY CNY – CPi.\r\n\r\nTUESDAY: AUD – Glenn Stevens (RBA) words of wisdom.\r\n\r\nWEDNESDAY: GBP – Mark Carney (BOE) words of wisdom.\r\nWEDNESDAY: NZD – RBNZ Interest Rate and Statement.\r\nWEDNESDAY: NZD – Graeme Wheeler (RBNZ) words of wisdom.\r\nWEDNESDAY: AUD – Employment Data.\r\n\r\nTHURSDAY: USD – Retail and Core Retail Sales.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) words of wisdom.\r\n\r\nFRIDAY: N/A.\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nWe have 4 central bank governors making contributions this week to the economic data news. As I have said before on several occasions these roles have taken on a “Rock Star” mentality. Whether you believe the words spoken or not is your call. Frankly at times I view some of the comments as the speaker purely and simply just selling their own book, similar to that of Goldman Sachs or Citi. Some of these governors just jawbone, and whilst, initially, the markets believe the B.S. soon after the markets realize the statement for what it was.\r\n\r\nIn essence questioners at these meetings would, in my opinion, be better used asking a straight up question along the lines of… “was that cow, camel or bull s**t?” after some of statements made. It is a problem, we are so used to being fed crap we just accept it now as part of the process.\r\n\r\nThe highlight of the coming week is obviously the RBNZ meeting. I am just waiting to read what Graeme Wheeler (Teflon) has up his sleeve this month. He is a slippery customer at the best of times. He says what he wants and his actions create the exact opposite. Recently the NZD currency has been sold heavily as the markets are now coming to terms with the fact that the RBNZ are no longer on a policy of rate increases. They claim neutrality… lets see what “Teflon” says on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI felt as though I was on gardening leave most of last week. I traded very little, in the main what I did trade was good so I mustn’t complain, and, as $$$ were banked one should never complain as a trader.\r\n\r\nWe do still have the two news items that just keep rolling on hanging over the markets; GREECE and the FED rate hike. I am still expecting huge volatility around both pieces of news.\r\n\r\nWith GREECE I am expecting a chop fest, which I will stay 100% clear from. With regards to the FED rate hike, I am expecting a directional trade, which I aim to be in for a few sessions and then core out my positions.\r\n\r\nBoth pieces of news will generate trades, without question. One will be instant and 100% immediate for me to join, and the other will more than likely be after the dust has settled.\r\n\r\nI have my plan and I will trade my plan.\r\n\r\nAs a trader of 8 years that is about the best you can hope for. If you are with PREMIUM SERVICE you will have the plan that I will be using.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>GREECE – DOWN TO THE WIRE</strong></span></h3>\r\nQuelle surprise!\r\n\r\nHold the front page.\r\n\r\nLock up your daughters…\r\n\r\nWell I never, GREECE has delayed paying the IMF. It has invoked a double or nothing clause in their agreement whereby it can elect to lump two repayments together. We should all try this with our mortgage providers. Yeah right, can you imagine the swift two fingers raised towards you when you complete the sentence requesting such an option?\r\n\r\nSo will GREECE pay?\r\n\r\nIn my opinion, as stated before, I think that there is more of a chance that hell freezes over before GREECE repays the troika.\r\n\r\nWill there be a can–kicking EUROZONE / EUROGROUP special at the 11th hour and 50 minutes and 59 seconds…possibly. Will this help GREECE? not at all in my opinion.\r\n\r\nAs ‘Bulldog Bristow” says on Frasier… this is complete B.S.\r\n\r\nGREECE needs debt relief. The EUROGROUP and Greek P.M. Tsipras are playing high stakes poker at the moment.\r\n\r\nI admire both parties for standing firm, but alas, I fear that the EUROZONE has more to lose through the contagion effect of a GREECE default or GREXIT.\r\n\r\nJust a Mario Draghi had probably conducted his easiest ECB press conference about 10 days ago, mainly due to the fact that policies were starting to have an effect, this could all be put back should a GREXIT occur and a contagion effect kick in.\r\n\r\nBasically, now it all rests with a month end payment due to the IMF by the Greek government. Technically, it\'s a default if GREECE misses to make the payment but its not like alarm bells will be sounding off throughout Athens and Frankfurt. I strongly suspect the IMF will grant an extension to allow GREECE more time to fulfill its obligations. Whether the markets will be this accommodating will be fascinating to watch… I strongly doubt it.\r\n\r\nI am expecting presenters on CBNC, who will all be in a state of frenzy, to have kittens on the news of a Greek default.\r\n\r\nI expect Larry Kudlow will be wheeled in to give us his slightly right of the “Attila the Hun” view of matters EUROZONE and GREECE. As for, God love him, the clumsy, does he really know where he is, Joe Kernan, give him a map of Europe and lets see if he can find GREECE or GERMANY and point out Athens and Frankfurt to the viewers. I still have not forgotten his stupid comments on IRELAND and the single currency, so embarrassing, it showed him to be way past his sell by date, why is he still there?\r\n\r\nA few subscribers have asked me do I think that a resolution could happen before the end of the month? In all honesty who knows. I suppose that anything is possible but this is the EUROZONE that we are talking about, they are the originators of lastminute.com or I prefer lastsecond.com.\r\n\r\nFrom a Forex Trading perspective, I am expecting a range bound feel to trading the EUR/USD for the next week or so. When / if / should any GREECE news be released I expect a lot of volatility.\r\n\r\nMy plan is to sell the EUR/USD into strength if a can-kicking deal is agreed. If it is a default situation, I will, sell the EUR/USD on pullbacks. Half the battle is having your plan. This I have; I just need the news.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 390 trades cost to trade = $39.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$561.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 390 trades cost to trade = $390.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$5,610.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 390 trades cost to trade = $3,900.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$56,100.00</u></strong></p>\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\"><img class=\"aligncenter size-full wp-image-6094\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\" alt=\"PREM SERV PROFITS 1 07062015\" width=\"456\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\"><img class=\"aligncenter size-full wp-image-6095\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\" alt=\"REM SERV PROFITS2 07062015\" width=\"459\" height=\"433\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\nThis section will return soon. At the moment this section of the website is under review and I do not want to add more work until the final look is agreed.\r\n\r\nFor now bear with me. Whilst it is sometimes difficult to have topics, I have a few in the can as they say.\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\nAs I have stated more than a couple of times of late, not just in this blog but also on twitter, this week was a waiting for news to happen week, but the news never broke.\r\n\r\nI am in a state of limbo with my plan at the moment, I do not want to get caught the wrong side of trades, I see no point trading when I am not 100% committed to trading. I have my plan and I always believe that it’s best to have your plan, trade it and work with it.\r\n\r\nI took 6 successful trades around NFP and entered on the second push. I was so pre-occupied with a pullback I decided to exit just as the market turned to pullback. It was ultimately probably the right way to trade on the day.\r\n\r\nI am now sitting and waiting, but given that the GREECE resolution could now be delayed by a couple of weeks, I will take more FLASH trades than anything else for trades that involve the single currency.\r\n\r\nExpect me to remain lightweight on trading this coming week. As things stand today, I see no major urgency to multi-trade.\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\nThere are currently no LIVE trades.\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n</u>(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).\r\n\r\nThere are currently no LIMIT order trades in position with brokers.\r\n\r\n&nbsp;\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n</u>(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)\r\n\r\n<u>THIS WEEKS OVERVIEW:</u>\r\n\r\nAs I have already stated I am pretty much going to remain lightweight on trades in the coming week. With this in mind there are just a few charts that I am interested in moving forward with for the first few sessions this week.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015.png\"><img class=\"aligncenter size-large wp-image-6105\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015-1024x574.png\" alt=\"EURGBP D 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015.png\"><img class=\"aligncenter size-large wp-image-6104\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015-1024x574.png\" alt=\"GBPNZD M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6103\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015-1024x574.png\" alt=\"NZDUSD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6102\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015-1024x574.png\" alt=\"USDCAD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\"><img class=\"aligncenter size-full wp-image-6101\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\" alt=\"PS TRENDING PAIRS 07062015\" width=\"394\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\n<strong>EUR/USD: Closing Price 1.1110</strong>\r\n\r\nAs I stated on the chart last week, the hammer candle signified an upward move. We certainly had that from 1.0900 to 1.1400, which by anyone’s calculations is a substantial move. We pulled back lower last Friday after NFP to finish the week about 200 pips higher than the previous week.\r\n\r\nThis week, I see a chop fest for the EUR/USD. GREECE has bought another two weeks of time by electing to lump together two IMF repayments. Yeah right!! Time will tell if they can meet the repayment at the end of the month.\r\n\r\nI have further thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6092\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015-1024x574.png\" alt=\"EURUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nBased on the current situation, support in the EUR/USD is at 1.1050 with resistance is at 1.1060.\r\n\r\n&nbsp;\r\n\r\n<strong>GBP/USD: Closing Price 1.5251</strong>.\r\n\r\nCable finished almost unmoved on weekly closing prices. We have had 3 good sized red candles now and I think that with chop chop probably being the order of the day for the EUR/USD, the cable could be trapped between 1.5000 and 1.5500 until the EUR/USD breaks free. We are currently at the mid-point.\r\n\r\nI have a few additional comments on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6091\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015-1024x574.png\" alt=\"GBPUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should be at 1.5000 and resistance at 1.5500.\r\n\r\n&nbsp;\r\n\r\n<strong>AUD/USD: Closing Price 0.7611</strong>.\r\n\r\nVery little change with the weekly closing price although after a spike higher following the RBA announcement early last week, I now think that a move lower is the line of least resistance.\r\n\r\nI expected an RBA rate cut last week…that never happened but I am looking a bearish price action. I have additional thoughts and comments on the chart.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6093\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015-1024x574.png\" alt=\"AUDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should now be at 0.7530 and resistance at 0.7820.\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7037</strong>.\r\n\r\nWe closed the week at multi-year lows. The outlook for this pair is still very bearish in my opinion. This week we have an RBNZ interest rate decision and a press conference from Graeme Wheeler. It is a big week for the kiwi.\r\n\r\nI have some additional thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6090\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015-1024x574.png\" alt=\"NZDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.7000 and resistance is at 0.7170.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.2428.</strong>\r\n\r\nThis pair looks bearish as it ends the week, but for most of the week I have been bullish this pair.\r\n\r\nAdditional comments are contained on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6089\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015-1024x574.png\" alt=\"USDCAD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\nSupport should be good at 1.2350 or 1.2400 and resistance is at 1.2490 and 1.2540.\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9393</strong>.\r\n\r\nMy comments for this pair are contained on the chart. I still fear GREECE fallout will affect this pair.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6088\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015-1024x574.png\" alt=\"USDCHF W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.9350 and resistance at 0.9450.\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 125.55. </strong>\r\n\r\nWhat a week, another 150 pips higher in the week. That is over 350 in two weeks. These are big moves for this pair and should not be under-estimated. I know that many people are trying to short off 125.70 or so, which is a 161.8% extension. It is a great risk / reward trade based on current prices.\r\n\r\nMomentum is so good with this pair at the moment; I am wondering if there is more upside left in the tank?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6087\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015-1024x574.png\" alt=\"USDJPY W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 123.50 and resistance at 125.75.\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThis is a week of central bank governors strutting their stuff over the newswires. In addition we have the RBNZ interest rate statement followed by Graeme Wheeler’s words of wisdom. Who knows what little gems will be tossed our way this week. There will no doubt be the usual ambiguity in what he says. It would not be the RBNZ statement if we had clarity. Personally, I find these annoying to follow. One thing is stated in the statement and then the opposite is then stated in the press conference. I will be trying to BBQ around the time of Wheeler’s speech so I do not get annoyed!!\r\n\r\nI expect very little this week with regards to the EUROZONE as a major GREECE announcement is being delayed by about two weeks and this has screwed up the markets.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 7th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','GREECE DOWN TO THE WIRE','','publish','open','closed','','greece-down-to-the-wire','','','2015-06-06 17:14:20','2015-06-06 22:14:20','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=6107',0,'member_posts','',0),(6108,1,'2015-06-06 17:11:36','2015-06-06 22:11:36','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<h3 style=\"text-align: center;\"></h3>\r\n<p style=\"text-align: left;\"><strong>DATE: 07.06.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #63\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong></p>\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nIt was another week from my perspective of waiting for news to happen. I only took a few trades, majority of them nice ones with $$$ and some nice pip gains.\r\n\r\nLast week, I wrote about how my “Ducks” were starting to line up and that I was ready to place some longer-term trades through the summer based on my FUNDAMENTAL views. Those trades are still hanging about. The markets were so choppy, I decided against even placing them with brokers so as not to get caught on a squeeze in the wrong direction.\r\n\r\nUp until last Friday, the USD was taking a bit of a beating to say the least and I was happy to sit back and watch thinking when I enter my trades I will have much better entry levels than I had originally thought possible. Then of course, NFP happened, blow out numbers… where did those numbers come from?\r\n\r\nSo, as it stands today, I am in cash, no trades either LIVE or LIMIT orders placed with brokers. It feels a little weird having no skin in the game but I view this as a blank canvas from which to work from next week.\r\n\r\n1.1.2 – GREECE:\r\n\r\nThis must be embarrassing for most on-lookers to watch, who know nothing of the cultural diversities in play with this negotiation.\r\n\r\nThe best way that I can describe this is as a Mexican standoff with stakes in play that are of the highest values imaginable for both sides.\r\n\r\nThe current GREECE stalemate is the subject of “WHAT’S ON MY MIND -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW” in section 2 of this week’s blog.\r\n\r\n1.1.3 – RBA:\r\n\r\nLast week the RBA removed the supportive dovish notes from their statement. Quite an interesting move given the fact that the economic data such as Retail Sales and the Trade Balance released less than 48 hours after the RBA rate statement were poor. I can only assume that the housing bubble in and around Sydney is weighing in very, very heavy on the RBA creating this move in monetary policy.\r\n\r\nI am cynical of the RBA move, and this does have an effect on my FUNDAMENTAL positioning moving forward, however, for now, I cannot see the RBA hiking rates\r\n\r\n1.1.4 – ECB:\r\n\r\nI have to say a rather uneventful press conference; sure we had the usual choppy price action, but as far as I was concerned it was a non-event.\r\n\r\nMario Draghi was asked questions about GREECE to which he simply gave the human resources / personnel department response, down the middle from a textbook.\r\n\r\nHe pushed back on QE timings of the program. Quite right too, the QE program isn’t even 6 months old yet!\r\n\r\nIn addition with economic data from the EUROZONE starting to show improvement in places and the start of a bottoming out process, it was a relatively straightforward press conference.\r\n\r\n1.1.5 – ADP and NON-FARM PAYROLLS:\r\n\r\nBasically ADP numbers were in line, only a very slight beat, however, NFP beat by almost 60k. Blowout numbers and the USD went crazy.\r\n\r\nAs you can therefore imagine the calls for a a rate hike by the FED for later this month were re-kindled although the smart money is now allegedly on October 2015. Who knows when it will happen but be certain it will happen this year. I was thinking just prior to the Q4, but do not rule anything out. We may still see a move before the summer.\r\n\r\nRemember, it does NOT have to be announced at the FED meeting it can be done whenever they desire.\r\n\r\n1.1.6 – CAD EMPLOYMENT DATA:\r\n\r\nDo NOT get the champagne corks blasting out of bottles. The CAD numbers will be revised. Last year they gave out numbers that were “Mickey Mouse” all year. I would not believe any numbers that come out of Ottawa - they should be issued with a caveat of a “GOVERNMENT HEALTH WARNING” similar to tobacco.\r\n\r\nThe predictions of 10.2k jobs created were crushed with a 58.9k posting, impressive beyond all considerations, but is it accurate?\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</u><u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\nMONDAY CNY – CPi.\r\n\r\nTUESDAY: AUD – Glenn Stevens (RBA) words of wisdom.\r\n\r\nWEDNESDAY: GBP – Mark Carney (BOE) words of wisdom.\r\nWEDNESDAY: NZD – RBNZ Interest Rate and Statement.\r\nWEDNESDAY: NZD – Graeme Wheeler (RBNZ) words of wisdom.\r\nWEDNESDAY: AUD – Employment Data.\r\n\r\nTHURSDAY: USD – Retail and Core Retail Sales.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) words of wisdom.\r\n\r\nFRIDAY: N/A.\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nWe have 4 central bank governors making contributions this week to the economic data news. As I have said before on several occasions these roles have taken on a “Rock Star” mentality. Whether you believe the words spoken or not is your call. Frankly at times I view some of the comments as the speaker purely and simply just selling their own book, similar to that of Goldman Sachs or Citi. Some of these governors just jawbone, and whilst, initially, the markets believe the B.S. soon after the markets realize the statement for what it was.\r\n\r\nIn essence questioners at these meetings would, in my opinion, be better used asking a straight up question along the lines of… “was that cow, camel or bull s**t?” after some of statements made. It is a problem, we are so used to being fed crap we just accept it now as part of the process.\r\n\r\nThe highlight of the coming week is obviously the RBNZ meeting. I am just waiting to read what Graeme Wheeler (Teflon) has up his sleeve this month. He is a slippery customer at the best of times. He says what he wants and his actions create the exact opposite. Recently the NZD currency has been sold heavily as the markets are now coming to terms with the fact that the RBNZ are no longer on a policy of rate increases. They claim neutrality… lets see what “Teflon” says on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI felt as though I was on gardening leave most of last week. I traded very little, in the main what I did trade was good so I mustn’t complain, and, as $$$ were banked one should never complain as a trader.\r\n\r\nWe do still have the two news items that just keep rolling on hanging over the markets; GREECE and the FED rate hike. I am still expecting huge volatility around both pieces of news.\r\n\r\nWith GREECE I am expecting a chop fest, which I will stay 100% clear from. With regards to the FED rate hike, I am expecting a directional trade, which I aim to be in for a few sessions and then core out my positions.\r\n\r\nBoth pieces of news will generate trades, without question. One will be instant and 100% immediate for me to join, and the other will more than likely be after the dust has settled.\r\n\r\nI have my plan and I will trade my plan.\r\n\r\nAs a trader of 8 years that is about the best you can hope for. If you are with PREMIUM SERVICE you will have the plan that I will be using.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>GREECE – DOWN TO THE WIRE</strong></span></h3>\r\nQuelle surprise!\r\n\r\nHold the front page.\r\n\r\nLock up your daughters…\r\n\r\nWell I never, GREECE has delayed paying the IMF. It has invoked a double or nothing clause in their agreement whereby it can elect to lump two repayments together. We should all try this with our mortgage providers. Yeah right, can you imagine the swift two fingers raised towards you when you complete the sentence requesting such an option?\r\n\r\nSo will GREECE pay?\r\n\r\nIn my opinion, as stated before, I think that there is more of a chance that hell freezes over before GREECE repays the troika.\r\n\r\nWill there be a can–kicking EUROZONE / EUROGROUP special at the 11th hour and 50 minutes and 59 seconds…possibly. Will this help GREECE? not at all in my opinion.\r\n\r\nAs ‘Bulldog Bristow” says on Frasier… this is complete B.S.\r\n\r\nGREECE needs debt relief. The EUROGROUP and Greek P.M. Tsipras are playing high stakes poker at the moment.\r\n\r\nI admire both parties for standing firm, but alas, I fear that the EUROZONE has more to lose through the contagion effect of a GREECE default or GREXIT.\r\n\r\nJust a Mario Draghi had probably conducted his easiest ECB press conference about 10 days ago, mainly due to the fact that policies were starting to have an effect, this could all be put back should a GREXIT occur and a contagion effect kick in.\r\n\r\nBasically, now it all rests with a month end payment due to the IMF by the Greek government. Technically, it\'s a default if GREECE misses to make the payment but its not like alarm bells will be sounding off throughout Athens and Frankfurt. I strongly suspect the IMF will grant an extension to allow GREECE more time to fulfill its obligations. Whether the markets will be this accommodating will be fascinating to watch… I strongly doubt it.\r\n\r\nI am expecting presenters on CBNC, who will all be in a state of frenzy, to have kittens on the news of a Greek default.\r\n\r\nI expect Larry Kudlow will be wheeled in to give us his slightly right of the “Attila the Hun” view of matters EUROZONE and GREECE. As for, God love him, the clumsy, does he really know where he is, Joe Kernan, give him a map of Europe and lets see if he can find GREECE or GERMANY and point out Athens and Frankfurt to the viewers. I still have not forgotten his stupid comments on IRELAND and the single currency, so embarrassing, it showed him to be way past his sell by date, why is he still there?\r\n\r\nA few subscribers have asked me do I think that a resolution could happen before the end of the month? In all honesty who knows. I suppose that anything is possible but this is the EUROZONE that we are talking about, they are the originators of lastminute.com or I prefer lastsecond.com.\r\n\r\nFrom a Forex Trading perspective, I am expecting a range bound feel to trading the EUR/USD for the next week or so. When / if / should any GREECE news be released I expect a lot of volatility.\r\n\r\nMy plan is to sell the EUR/USD into strength if a can-kicking deal is agreed. If it is a default situation, I will, sell the EUR/USD on pullbacks. Half the battle is having your plan. This I have; I just need the news.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:\r\n\r\n</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 390 trades cost to trade = $39.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$561.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 390 trades cost to trade = $390.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$5,610.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 390 trades cost to trade = $3,900.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$56,100.00</u></strong></p>\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\"><img class=\"aligncenter size-full wp-image-6094\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\" alt=\"PREM SERV PROFITS 1 07062015\" width=\"456\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\"><img class=\"aligncenter size-full wp-image-6095\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\" alt=\"REM SERV PROFITS2 07062015\" width=\"459\" height=\"433\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\nThis section will return soon. At the moment this section of the website is under review and I do not want to add more work until the final look is agreed.\r\n\r\nFor now bear with me. Whilst it is sometimes difficult to have topics, I have a few in the can as they say.\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\nAs I have stated more than a couple of times of late, not just in this blog but also on twitter, this week was a waiting for news to happen week, but the news never broke.\r\n\r\nI am in a state of limbo with my plan at the moment, I do not want to get caught the wrong side of trades, I see no point trading when I am not 100% committed to trading. I have my plan and I always believe that it’s best to have your plan, trade it and work with it.\r\n\r\nI took 6 successful trades around NFP and entered on the second push. I was so pre-occupied with a pullback I decided to exit just as the market turned to pullback. It was ultimately probably the right way to trade on the day.\r\n\r\nI am now sitting and waiting, but given that the GREECE resolution could now be delayed by a couple of weeks, I will take more FLASH trades than anything else for trades that involve the single currency.\r\n\r\nExpect me to remain lightweight on trading this coming week. As things stand today, I see no major urgency to multi-trade.\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\nThere are currently no LIVE trades.\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n</u>(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).\r\n\r\nThere are currently no LIMIT order trades in position with brokers.\r\n\r\n&nbsp;\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n</u>(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)\r\n\r\n<u>THIS WEEKS OVERVIEW:</u>\r\n\r\nAs I have already stated I am pretty much going to remain lightweight on trades in the coming week. With this in mind there are just a few charts that I am interested in moving forward with for the first few sessions this week.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015.png\"><img class=\"aligncenter size-large wp-image-6105\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015-1024x574.png\" alt=\"EURGBP D 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015.png\"><img class=\"aligncenter size-large wp-image-6104\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015-1024x574.png\" alt=\"GBPNZD M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6103\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015-1024x574.png\" alt=\"NZDUSD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6102\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015-1024x574.png\" alt=\"USDCAD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\"><img class=\"aligncenter size-full wp-image-6101\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\" alt=\"PS TRENDING PAIRS 07062015\" width=\"394\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\n<strong>EUR/USD: Closing Price 1.1110</strong>\r\n\r\nAs I stated on the chart last week, the hammer candle signified an upward move. We certainly had that from 1.0900 to 1.1400, which by anyone’s calculations is a substantial move. We pulled back lower last Friday after NFP to finish the week about 200 pips higher than the previous week.\r\n\r\nThis week, I see a chop fest for the EUR/USD. GREECE has bought another two weeks of time by electing to lump together two IMF repayments. Yeah right!! Time will tell if they can meet the repayment at the end of the month.\r\n\r\nI have further thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6092\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015-1024x574.png\" alt=\"EURUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nBased on the current situation, support in the EUR/USD is at 1.1050 with resistance is at 1.1060.\r\n\r\n&nbsp;\r\n\r\n<strong>GBP/USD: Closing Price 1.5251</strong>.\r\n\r\nCable finished almost unmoved on weekly closing prices. We have had 3 good sized red candles now and I think that with chop chop probably being the order of the day for the EUR/USD, the cable could be trapped between 1.5000 and 1.5500 until the EUR/USD breaks free. We are currently at the mid-point.\r\n\r\nI have a few additional comments on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6091\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015-1024x574.png\" alt=\"GBPUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should be at 1.5000 and resistance at 1.5500.\r\n\r\n&nbsp;\r\n\r\n<strong>AUD/USD: Closing Price 0.7611</strong>.\r\n\r\nVery little change with the weekly closing price although after a spike higher following the RBA announcement early last week, I now think that a move lower is the line of least resistance.\r\n\r\nI expected an RBA rate cut last week…that never happened but I am looking a bearish price action. I have additional thoughts and comments on the chart.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6093\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015-1024x574.png\" alt=\"AUDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should now be at 0.7530 and resistance at 0.7820.\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7037</strong>.\r\n\r\nWe closed the week at multi-year lows. The outlook for this pair is still very bearish in my opinion. This week we have an RBNZ interest rate decision and a press conference from Graeme Wheeler. It is a big week for the kiwi.\r\n\r\nI have some additional thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6090\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015-1024x574.png\" alt=\"NZDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.7000 and resistance is at 0.7170.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.2428.</strong>\r\n\r\nThis pair looks bearish as it ends the week, but for most of the week I have been bullish this pair.\r\n\r\nAdditional comments are contained on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6089\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015-1024x574.png\" alt=\"USDCAD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\nSupport should be good at 1.2350 or 1.2400 and resistance is at 1.2490 and 1.2540.\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9393</strong>.\r\n\r\nMy comments for this pair are contained on the chart. I still fear GREECE fallout will affect this pair.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6088\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015-1024x574.png\" alt=\"USDCHF W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.9350 and resistance at 0.9450.\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 125.55. </strong>\r\n\r\nWhat a week, another 150 pips higher in the week. That is over 350 in two weeks. These are big moves for this pair and should not be under-estimated. I know that many people are trying to short off 125.70 or so, which is a 161.8% extension. It is a great risk / reward trade based on current prices.\r\n\r\nMomentum is so good with this pair at the moment; I am wondering if there is more upside left in the tank?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6087\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015-1024x574.png\" alt=\"USDJPY W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 123.50 and resistance at 125.75.\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThis is a week of central bank governors strutting their stuff over the newswires. In addition we have the RBNZ interest rate statement followed by Graeme Wheeler’s words of wisdom. Who knows what little gems will be tossed our way this week. There will no doubt be the usual ambiguity in what he says. It would not be the RBNZ statement if we had clarity. Personally, I find these annoying to follow. One thing is stated in the statement and then the opposite is then stated in the press conference. I will be trying to BBQ around the time of Wheeler’s speech so I do not get annoyed!!\r\n\r\nI expect very little this week with regards to the EUROZONE as a major GREECE announcement is being delayed by about two weeks and this has screwed up the markets.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 7th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','','','inherit','open','closed','','6107-revision-v1','','','2015-06-06 17:11:36','2015-06-06 22:11:36','',6107,'https://weeklyfxdrivethru.com/6107-revision-v1/',0,'revision','',0),(6109,1,'2015-06-06 17:12:02','2015-06-06 22:12:02','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<h3 style=\"text-align: center;\"></h3>\r\n<p style=\"text-align: left;\"><strong>DATE: 07.06.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #63\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong></p>\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nIt was another week from my perspective of waiting for news to happen. I only took a few trades, majority of them nice ones with $$$ and some nice pip gains.\r\n\r\nLast week, I wrote about how my “Ducks” were starting to line up and that I was ready to place some longer-term trades through the summer based on my FUNDAMENTAL views. Those trades are still hanging about. The markets were so choppy, I decided against even placing them with brokers so as not to get caught on a squeeze in the wrong direction.\r\n\r\nUp until last Friday, the USD was taking a bit of a beating to say the least and I was happy to sit back and watch thinking when I enter my trades I will have much better entry levels than I had originally thought possible. Then of course, NFP happened, blow out numbers… where did those numbers come from?\r\n\r\nSo, as it stands today, I am in cash, no trades either LIVE or LIMIT orders placed with brokers. It feels a little weird having no skin in the game but I view this as a blank canvas from which to work from next week.\r\n\r\n1.1.2 – GREECE:\r\n\r\nThis must be embarrassing for most on-lookers to watch, who know nothing of the cultural diversities in play with this negotiation.\r\n\r\nThe best way that I can describe this is as a Mexican standoff with stakes in play that are of the highest values imaginable for both sides.\r\n\r\nThe current GREECE stalemate is the subject of “WHAT’S ON MY MIND -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW” in section 2 of this week’s blog.\r\n\r\n1.1.3 – RBA:\r\n\r\nLast week the RBA removed the supportive dovish notes from their statement. Quite an interesting move given the fact that the economic data such as Retail Sales and the Trade Balance released less than 48 hours after the RBA rate statement were poor. I can only assume that the housing bubble in and around Sydney is weighing in very, very heavy on the RBA creating this move in monetary policy.\r\n\r\nI am cynical of the RBA move, and this does have an effect on my FUNDAMENTAL positioning moving forward, however, for now, I cannot see the RBA hiking rates\r\n\r\n1.1.4 – ECB:\r\n\r\nI have to say a rather uneventful press conference; sure we had the usual choppy price action, but as far as I was concerned it was a non-event.\r\n\r\nMario Draghi was asked questions about GREECE to which he simply gave the human resources / personnel department response, down the middle from a textbook.\r\n\r\nHe pushed back on QE timings of the program. Quite right too, the QE program isn’t even 6 months old yet!\r\n\r\nIn addition with economic data from the EUROZONE starting to show improvement in places and the start of a bottoming out process, it was a relatively straightforward press conference.\r\n\r\n1.1.5 – ADP and NON-FARM PAYROLLS:\r\n\r\nBasically ADP numbers were in line, only a very slight beat, however, NFP beat by almost 60k. Blowout numbers and the USD went crazy.\r\n\r\nAs you can therefore imagine the calls for a a rate hike by the FED for later this month were re-kindled although the smart money is now allegedly on October 2015. Who knows when it will happen but be certain it will happen this year. I was thinking just prior to the Q4, but do not rule anything out. We may still see a move before the summer.\r\n\r\nRemember, it does NOT have to be announced at the FED meeting it can be done whenever they desire.\r\n\r\n1.1.6 – CAD EMPLOYMENT DATA:\r\n\r\nDo NOT get the champagne corks blasting out of bottles. The CAD numbers will be revised. Last year they gave out numbers that were “Mickey Mouse” all year. I would not believe any numbers that come out of Ottawa - they should be issued with a caveat of a “GOVERNMENT HEALTH WARNING” similar to tobacco.\r\n\r\nThe predictions of 10.2k jobs created were crushed with a 58.9k posting, impressive beyond all considerations, but is it accurate?\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</u><u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\nMONDAY CNY – CPi.\r\n\r\nTUESDAY: AUD – Glenn Stevens (RBA) words of wisdom.\r\n\r\nWEDNESDAY: GBP – Mark Carney (BOE) words of wisdom.\r\nWEDNESDAY: NZD – RBNZ Interest Rate and Statement.\r\nWEDNESDAY: NZD – Graeme Wheeler (RBNZ) words of wisdom.\r\nWEDNESDAY: AUD – Employment Data.\r\n\r\nTHURSDAY: USD – Retail and Core Retail Sales.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) words of wisdom.\r\n\r\nFRIDAY: N/A.\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nWe have 4 central bank governors making contributions this week to the economic data news. As I have said before on several occasions these roles have taken on a “Rock Star” mentality. Whether you believe the words spoken or not is your call. Frankly at times I view some of the comments as the speaker purely and simply just selling their own book, similar to that of Goldman Sachs or Citi. Some of these governors just jawbone, and whilst, initially, the markets believe the B.S. soon after the markets realize the statement for what it was.\r\n\r\nIn essence questioners at these meetings would, in my opinion, be better used asking a straight up question along the lines of… “was that cow, camel or bull s**t?” after some of statements made. It is a problem, we are so used to being fed crap we just accept it now as part of the process.\r\n\r\nThe highlight of the coming week is obviously the RBNZ meeting. I am just waiting to read what Graeme Wheeler (Teflon) has up his sleeve this month. He is a slippery customer at the best of times. He says what he wants and his actions create the exact opposite. Recently the NZD currency has been sold heavily as the markets are now coming to terms with the fact that the RBNZ are no longer on a policy of rate increases. They claim neutrality… lets see what “Teflon” says on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI felt as though I was on gardening leave most of last week. I traded very little, in the main what I did trade was good so I mustn’t complain, and, as $$$ were banked one should never complain as a trader.\r\n\r\nWe do still have the two news items that just keep rolling on hanging over the markets; GREECE and the FED rate hike. I am still expecting huge volatility around both pieces of news.\r\n\r\nWith GREECE I am expecting a chop fest, which I will stay 100% clear from. With regards to the FED rate hike, I am expecting a directional trade, which I aim to be in for a few sessions and then core out my positions.\r\n\r\nBoth pieces of news will generate trades, without question. One will be instant and 100% immediate for me to join, and the other will more than likely be after the dust has settled.\r\n\r\nI have my plan and I will trade my plan.\r\n\r\nAs a trader of 8 years that is about the best you can hope for. If you are with PREMIUM SERVICE you will have the plan that I will be using.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>GREECE – DOWN TO THE WIRE</strong></span></h3>\r\nQuelle surprise!\r\n\r\nHold the front page.\r\n\r\nLock up your daughters…\r\n\r\nWell I never, GREECE has delayed paying the IMF. It has invoked a double or nothing clause in their agreement whereby it can elect to lump two repayments together. We should all try this with our mortgage providers. Yeah right, can you imagine the swift two fingers raised towards you when you complete the sentence requesting such an option?\r\n\r\nSo will GREECE pay?\r\n\r\nIn my opinion, as stated before, I think that there is more of a chance that hell freezes over before GREECE repays the troika.\r\n\r\nWill there be a can–kicking EUROZONE / EUROGROUP special at the 11th hour and 50 minutes and 59 seconds…possibly. Will this help GREECE? not at all in my opinion.\r\n\r\nAs ‘Bulldog Bristow” says on Frasier… this is complete B.S.\r\n\r\nGREECE needs debt relief. The EUROGROUP and Greek P.M. Tsipras are playing high stakes poker at the moment.\r\n\r\nI admire both parties for standing firm, but alas, I fear that the EUROZONE has more to lose through the contagion effect of a GREECE default or GREXIT.\r\n\r\nJust a Mario Draghi had probably conducted his easiest ECB press conference about 10 days ago, mainly due to the fact that policies were starting to have an effect, this could all be put back should a GREXIT occur and a contagion effect kick in.\r\n\r\nBasically, now it all rests with a month end payment due to the IMF by the Greek government. Technically, it\'s a default if GREECE misses to make the payment but its not like alarm bells will be sounding off throughout Athens and Frankfurt. I strongly suspect the IMF will grant an extension to allow GREECE more time to fulfill its obligations. Whether the markets will be this accommodating will be fascinating to watch… I strongly doubt it.\r\n\r\nI am expecting presenters on CBNC, who will all be in a state of frenzy, to have kittens on the news of a Greek default.\r\n\r\nI expect Larry Kudlow will be wheeled in to give us his slightly right of the “Attila the Hun” view of matters EUROZONE and GREECE. As for, God love him, the clumsy, does he really know where he is, Joe Kernan, give him a map of Europe and lets see if he can find GREECE or GERMANY and point out Athens and Frankfurt to the viewers. I still have not forgotten his stupid comments on IRELAND and the single currency, so embarrassing, it showed him to be way past his sell by date, why is he still there?\r\n\r\nA few subscribers have asked me do I think that a resolution could happen before the end of the month? In all honesty who knows. I suppose that anything is possible but this is the EUROZONE that we are talking about, they are the originators of lastminute.com or I prefer lastsecond.com.\r\n\r\nFrom a Forex Trading perspective, I am expecting a range bound feel to trading the EUR/USD for the next week or so. When / if / should any GREECE news be released I expect a lot of volatility.\r\n\r\nMy plan is to sell the EUR/USD into strength if a can-kicking deal is agreed. If it is a default situation, I will, sell the EUR/USD on pullbacks. Half the battle is having your plan. This I have; I just need the news.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><u> THE PREMIUM SERVICE:</u></strong>&nbsp;</li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 390 trades cost to trade = $39.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$561.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 390 trades cost to trade = $390.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$5,610.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 390 trades cost to trade = $3,900.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$56,100.00</u></strong></p>\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\"><img class=\"aligncenter size-full wp-image-6094\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\" alt=\"PREM SERV PROFITS 1 07062015\" width=\"456\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\"><img class=\"aligncenter size-full wp-image-6095\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\" alt=\"REM SERV PROFITS2 07062015\" width=\"459\" height=\"433\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\nThis section will return soon. At the moment this section of the website is under review and I do not want to add more work until the final look is agreed.\r\n\r\nFor now bear with me. Whilst it is sometimes difficult to have topics, I have a few in the can as they say.\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\nAs I have stated more than a couple of times of late, not just in this blog but also on twitter, this week was a waiting for news to happen week, but the news never broke.\r\n\r\nI am in a state of limbo with my plan at the moment, I do not want to get caught the wrong side of trades, I see no point trading when I am not 100% committed to trading. I have my plan and I always believe that it’s best to have your plan, trade it and work with it.\r\n\r\nI took 6 successful trades around NFP and entered on the second push. I was so pre-occupied with a pullback I decided to exit just as the market turned to pullback. It was ultimately probably the right way to trade on the day.\r\n\r\nI am now sitting and waiting, but given that the GREECE resolution could now be delayed by a couple of weeks, I will take more FLASH trades than anything else for trades that involve the single currency.\r\n\r\nExpect me to remain lightweight on trading this coming week. As things stand today, I see no major urgency to multi-trade.\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\nThere are currently no LIVE trades.\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n</u>(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).\r\n\r\nThere are currently no LIMIT order trades in position with brokers.\r\n\r\n&nbsp;\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n</u>(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)\r\n\r\n<u>THIS WEEKS OVERVIEW:</u>\r\n\r\nAs I have already stated I am pretty much going to remain lightweight on trades in the coming week. With this in mind there are just a few charts that I am interested in moving forward with for the first few sessions this week.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015.png\"><img class=\"aligncenter size-large wp-image-6105\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015-1024x574.png\" alt=\"EURGBP D 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015.png\"><img class=\"aligncenter size-large wp-image-6104\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015-1024x574.png\" alt=\"GBPNZD M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6103\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015-1024x574.png\" alt=\"NZDUSD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6102\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015-1024x574.png\" alt=\"USDCAD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\"><img class=\"aligncenter size-full wp-image-6101\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\" alt=\"PS TRENDING PAIRS 07062015\" width=\"394\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\n<strong>EUR/USD: Closing Price 1.1110</strong>\r\n\r\nAs I stated on the chart last week, the hammer candle signified an upward move. We certainly had that from 1.0900 to 1.1400, which by anyone’s calculations is a substantial move. We pulled back lower last Friday after NFP to finish the week about 200 pips higher than the previous week.\r\n\r\nThis week, I see a chop fest for the EUR/USD. GREECE has bought another two weeks of time by electing to lump together two IMF repayments. Yeah right!! Time will tell if they can meet the repayment at the end of the month.\r\n\r\nI have further thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6092\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015-1024x574.png\" alt=\"EURUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nBased on the current situation, support in the EUR/USD is at 1.1050 with resistance is at 1.1060.\r\n\r\n&nbsp;\r\n\r\n<strong>GBP/USD: Closing Price 1.5251</strong>.\r\n\r\nCable finished almost unmoved on weekly closing prices. We have had 3 good sized red candles now and I think that with chop chop probably being the order of the day for the EUR/USD, the cable could be trapped between 1.5000 and 1.5500 until the EUR/USD breaks free. We are currently at the mid-point.\r\n\r\nI have a few additional comments on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6091\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015-1024x574.png\" alt=\"GBPUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should be at 1.5000 and resistance at 1.5500.\r\n\r\n&nbsp;\r\n\r\n<strong>AUD/USD: Closing Price 0.7611</strong>.\r\n\r\nVery little change with the weekly closing price although after a spike higher following the RBA announcement early last week, I now think that a move lower is the line of least resistance.\r\n\r\nI expected an RBA rate cut last week…that never happened but I am looking a bearish price action. I have additional thoughts and comments on the chart.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6093\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015-1024x574.png\" alt=\"AUDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should now be at 0.7530 and resistance at 0.7820.\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7037</strong>.\r\n\r\nWe closed the week at multi-year lows. The outlook for this pair is still very bearish in my opinion. This week we have an RBNZ interest rate decision and a press conference from Graeme Wheeler. It is a big week for the kiwi.\r\n\r\nI have some additional thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6090\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015-1024x574.png\" alt=\"NZDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.7000 and resistance is at 0.7170.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.2428.</strong>\r\n\r\nThis pair looks bearish as it ends the week, but for most of the week I have been bullish this pair.\r\n\r\nAdditional comments are contained on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6089\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015-1024x574.png\" alt=\"USDCAD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\nSupport should be good at 1.2350 or 1.2400 and resistance is at 1.2490 and 1.2540.\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9393</strong>.\r\n\r\nMy comments for this pair are contained on the chart. I still fear GREECE fallout will affect this pair.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6088\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015-1024x574.png\" alt=\"USDCHF W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.9350 and resistance at 0.9450.\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 125.55. </strong>\r\n\r\nWhat a week, another 150 pips higher in the week. That is over 350 in two weeks. These are big moves for this pair and should not be under-estimated. I know that many people are trying to short off 125.70 or so, which is a 161.8% extension. It is a great risk / reward trade based on current prices.\r\n\r\nMomentum is so good with this pair at the moment; I am wondering if there is more upside left in the tank?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6087\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015-1024x574.png\" alt=\"USDJPY W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 123.50 and resistance at 125.75.\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThis is a week of central bank governors strutting their stuff over the newswires. In addition we have the RBNZ interest rate statement followed by Graeme Wheeler’s words of wisdom. Who knows what little gems will be tossed our way this week. There will no doubt be the usual ambiguity in what he says. It would not be the RBNZ statement if we had clarity. Personally, I find these annoying to follow. One thing is stated in the statement and then the opposite is then stated in the press conference. I will be trying to BBQ around the time of Wheeler’s speech so I do not get annoyed!!\r\n\r\nI expect very little this week with regards to the EUROZONE as a major GREECE announcement is being delayed by about two weeks and this has screwed up the markets.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 7th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','GREECE DOWN TO THE WIRE','','inherit','open','closed','','6107-revision-v1','','','2015-06-06 17:12:02','2015-06-06 22:12:02','',6107,'https://weeklyfxdrivethru.com/6107-revision-v1/',0,'revision','',0),(6110,1,'2015-06-06 17:14:20','2015-06-06 22:14:20','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<h3 style=\"text-align: center;\"></h3>\r\n<p style=\"text-align: left;\"><strong>DATE: 07.06.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #63\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong></p>\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nIt was another week from my perspective of waiting for news to happen. I only took a few trades, majority of them nice ones with $$$ and some nice pip gains.\r\n\r\nLast week, I wrote about how my “Ducks” were starting to line up and that I was ready to place some longer-term trades through the summer based on my FUNDAMENTAL views. Those trades are still hanging about. The markets were so choppy, I decided against even placing them with brokers so as not to get caught on a squeeze in the wrong direction.\r\n\r\nUp until last Friday, the USD was taking a bit of a beating to say the least and I was happy to sit back and watch thinking when I enter my trades I will have much better entry levels than I had originally thought possible. Then of course, NFP happened, blow out numbers… where did those numbers come from?\r\n\r\nSo, as it stands today, I am in cash, no trades either LIVE or LIMIT orders placed with brokers. It feels a little weird having no skin in the game but I view this as a blank canvas from which to work from next week.\r\n\r\n1.1.2 – GREECE:\r\n\r\nThis must be embarrassing for most on-lookers to watch, who know nothing of the cultural diversities in play with this negotiation.\r\n\r\nThe best way that I can describe this is as a Mexican standoff with stakes in play that are of the highest values imaginable for both sides.\r\n\r\nThe current GREECE stalemate is the subject of “WHAT’S ON MY MIND -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW” in section 2 of this week’s blog.\r\n\r\n1.1.3 – RBA:\r\n\r\nLast week the RBA removed the supportive dovish notes from their statement. Quite an interesting move given the fact that the economic data such as Retail Sales and the Trade Balance released less than 48 hours after the RBA rate statement were poor. I can only assume that the housing bubble in and around Sydney is weighing in very, very heavy on the RBA creating this move in monetary policy.\r\n\r\nI am cynical of the RBA move, and this does have an effect on my FUNDAMENTAL positioning moving forward, however, for now, I cannot see the RBA hiking rates\r\n\r\n1.1.4 – ECB:\r\n\r\nI have to say a rather uneventful press conference; sure we had the usual choppy price action, but as far as I was concerned it was a non-event.\r\n\r\nMario Draghi was asked questions about GREECE to which he simply gave the human resources / personnel department response, down the middle from a textbook.\r\n\r\nHe pushed back on QE timings of the program. Quite right too, the QE program isn’t even 6 months old yet!\r\n\r\nIn addition with economic data from the EUROZONE starting to show improvement in places and the start of a bottoming out process, it was a relatively straightforward press conference.\r\n\r\n1.1.5 – ADP and NON-FARM PAYROLLS:\r\n\r\nBasically ADP numbers were in line, only a very slight beat, however, NFP beat by almost 60k. Blowout numbers and the USD went crazy.\r\n\r\nAs you can therefore imagine the calls for a a rate hike by the FED for later this month were re-kindled although the smart money is now allegedly on October 2015. Who knows when it will happen but be certain it will happen this year. I was thinking just prior to the Q4, but do not rule anything out. We may still see a move before the summer.\r\n\r\nRemember, it does NOT have to be announced at the FED meeting it can be done whenever they desire.\r\n\r\n1.1.6 – CAD EMPLOYMENT DATA:\r\n\r\nDo NOT get the champagne corks blasting out of bottles. The CAD numbers will be revised. Last year they gave out numbers that were “Mickey Mouse” all year. I would not believe any numbers that come out of Ottawa - they should be issued with a caveat of a “GOVERNMENT HEALTH WARNING” similar to tobacco.\r\n\r\nThe predictions of 10.2k jobs created were crushed with a 58.9k posting, impressive beyond all considerations, but is it accurate?\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</u><u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\nMONDAY CNY – CPi.\r\n\r\nTUESDAY: AUD – Glenn Stevens (RBA) words of wisdom.\r\n\r\nWEDNESDAY: GBP – Mark Carney (BOE) words of wisdom.\r\nWEDNESDAY: NZD – RBNZ Interest Rate and Statement.\r\nWEDNESDAY: NZD – Graeme Wheeler (RBNZ) words of wisdom.\r\nWEDNESDAY: AUD – Employment Data.\r\n\r\nTHURSDAY: USD – Retail and Core Retail Sales.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) words of wisdom.\r\n\r\nFRIDAY: N/A.\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nWe have 4 central bank governors making contributions this week to the economic data news. As I have said before on several occasions these roles have taken on a “Rock Star” mentality. Whether you believe the words spoken or not is your call. Frankly at times I view some of the comments as the speaker purely and simply just selling their own book, similar to that of Goldman Sachs or Citi. Some of these governors just jawbone, and whilst, initially, the markets believe the B.S. soon after the markets realize the statement for what it was.\r\n\r\nIn essence questioners at these meetings would, in my opinion, be better used asking a straight up question along the lines of… “was that cow, camel or bull s**t?” after some of statements made. It is a problem, we are so used to being fed crap we just accept it now as part of the process.\r\n\r\nThe highlight of the coming week is obviously the RBNZ meeting. I am just waiting to read what Graeme Wheeler (Teflon) has up his sleeve this month. He is a slippery customer at the best of times. He says what he wants and his actions create the exact opposite. Recently the NZD currency has been sold heavily as the markets are now coming to terms with the fact that the RBNZ are no longer on a policy of rate increases. They claim neutrality… lets see what “Teflon” says on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI felt as though I was on gardening leave most of last week. I traded very little, in the main what I did trade was good so I mustn’t complain, and, as $$$ were banked one should never complain as a trader.\r\n\r\nWe do still have the two news items that just keep rolling on hanging over the markets; GREECE and the FED rate hike. I am still expecting huge volatility around both pieces of news.\r\n\r\nWith GREECE I am expecting a chop fest, which I will stay 100% clear from. With regards to the FED rate hike, I am expecting a directional trade, which I aim to be in for a few sessions and then core out my positions.\r\n\r\nBoth pieces of news will generate trades, without question. One will be instant and 100% immediate for me to join, and the other will more than likely be after the dust has settled.\r\n\r\nI have my plan and I will trade my plan.\r\n\r\nAs a trader of 8 years that is about the best you can hope for. If you are with PREMIUM SERVICE you will have the plan that I will be using.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>GREECE – DOWN TO THE WIRE</strong></span></h3>\r\nQuelle surprise!\r\n\r\nHold the front page.\r\n\r\nLock up your daughters…\r\n\r\nWell I never, GREECE has delayed paying the IMF. It has invoked a double or nothing clause in their agreement whereby it can elect to lump two repayments together. We should all try this with our mortgage providers. Yeah right, can you imagine the swift two fingers raised towards you when you complete the sentence requesting such an option?\r\n\r\nSo will GREECE pay?\r\n\r\nIn my opinion, as stated before, I think that there is more of a chance that hell freezes over before GREECE repays the troika.\r\n\r\nWill there be a can–kicking EUROZONE / EUROGROUP special at the 11th hour and 50 minutes and 59 seconds…possibly. Will this help GREECE? not at all in my opinion.\r\n\r\nAs ‘Bulldog Bristow” says on Frasier… this is complete B.S.\r\n\r\nGREECE needs debt relief. The EUROGROUP and Greek P.M. Tsipras are playing high stakes poker at the moment.\r\n\r\nI admire both parties for standing firm, but alas, I fear that the EUROZONE has more to lose through the contagion effect of a GREECE default or GREXIT.\r\n\r\nJust a Mario Draghi had probably conducted his easiest ECB press conference about 10 days ago, mainly due to the fact that policies were starting to have an effect, this could all be put back should a GREXIT occur and a contagion effect kick in.\r\n\r\nBasically, now it all rests with a month end payment due to the IMF by the Greek government. Technically, it\'s a default if GREECE misses to make the payment but its not like alarm bells will be sounding off throughout Athens and Frankfurt. I strongly suspect the IMF will grant an extension to allow GREECE more time to fulfill its obligations. Whether the markets will be this accommodating will be fascinating to watch… I strongly doubt it.\r\n\r\nI am expecting presenters on CBNC, who will all be in a state of frenzy, to have kittens on the news of a Greek default.\r\n\r\nI expect Larry Kudlow will be wheeled in to give us his slightly right of the “Attila the Hun” view of matters EUROZONE and GREECE. As for, God love him, the clumsy, does he really know where he is, Joe Kernan, give him a map of Europe and lets see if he can find GREECE or GERMANY and point out Athens and Frankfurt to the viewers. I still have not forgotten his stupid comments on IRELAND and the single currency, so embarrassing, it showed him to be way past his sell by date, why is he still there?\r\n\r\nA few subscribers have asked me do I think that a resolution could happen before the end of the month? In all honesty who knows. I suppose that anything is possible but this is the EUROZONE that we are talking about, they are the originators of lastminute.com or I prefer lastsecond.com.\r\n\r\nFrom a Forex Trading perspective, I am expecting a range bound feel to trading the EUR/USD for the next week or so. When / if / should any GREECE news be released I expect a lot of volatility.\r\n\r\nMy plan is to sell the EUR/USD into strength if a can-kicking deal is agreed. If it is a default situation, I will, sell the EUR/USD on pullbacks. Half the battle is having your plan. This I have; I just need the news.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 390 trades cost to trade = $39.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$561.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 390 trades cost to trade = $390.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$5,610.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 390 trades cost to trade = $3,900.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$56,100.00</u></strong></p>\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\"><img class=\"aligncenter size-full wp-image-6094\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\" alt=\"PREM SERV PROFITS 1 07062015\" width=\"456\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\"><img class=\"aligncenter size-full wp-image-6095\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\" alt=\"REM SERV PROFITS2 07062015\" width=\"459\" height=\"433\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\nThis section will return soon. At the moment this section of the website is under review and I do not want to add more work until the final look is agreed.\r\n\r\nFor now bear with me. Whilst it is sometimes difficult to have topics, I have a few in the can as they say.\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\nAs I have stated more than a couple of times of late, not just in this blog but also on twitter, this week was a waiting for news to happen week, but the news never broke.\r\n\r\nI am in a state of limbo with my plan at the moment, I do not want to get caught the wrong side of trades, I see no point trading when I am not 100% committed to trading. I have my plan and I always believe that it’s best to have your plan, trade it and work with it.\r\n\r\nI took 6 successful trades around NFP and entered on the second push. I was so pre-occupied with a pullback I decided to exit just as the market turned to pullback. It was ultimately probably the right way to trade on the day.\r\n\r\nI am now sitting and waiting, but given that the GREECE resolution could now be delayed by a couple of weeks, I will take more FLASH trades than anything else for trades that involve the single currency.\r\n\r\nExpect me to remain lightweight on trading this coming week. As things stand today, I see no major urgency to multi-trade.\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\nThere are currently no LIVE trades.\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n</u>(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).\r\n\r\nThere are currently no LIMIT order trades in position with brokers.\r\n\r\n&nbsp;\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n</u>(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)\r\n\r\n<u>THIS WEEKS OVERVIEW:</u>\r\n\r\nAs I have already stated I am pretty much going to remain lightweight on trades in the coming week. With this in mind there are just a few charts that I am interested in moving forward with for the first few sessions this week.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015.png\"><img class=\"aligncenter size-large wp-image-6105\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURGBP-D-07062015-1024x574.png\" alt=\"EURGBP D 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015.png\"><img class=\"aligncenter size-large wp-image-6104\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-M-07062015-1024x574.png\" alt=\"GBPNZD M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6103\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-240M-07062015-1024x574.png\" alt=\"NZDUSD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015.png\"><img class=\"aligncenter size-large wp-image-6102\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-240M-07062015-1024x574.png\" alt=\"USDCAD 240M 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\"><img class=\"aligncenter size-full wp-image-6101\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-07062015.png\" alt=\"PS TRENDING PAIRS 07062015\" width=\"394\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\n<strong>EUR/USD: Closing Price 1.1110</strong>\r\n\r\nAs I stated on the chart last week, the hammer candle signified an upward move. We certainly had that from 1.0900 to 1.1400, which by anyone’s calculations is a substantial move. We pulled back lower last Friday after NFP to finish the week about 200 pips higher than the previous week.\r\n\r\nThis week, I see a chop fest for the EUR/USD. GREECE has bought another two weeks of time by electing to lump together two IMF repayments. Yeah right!! Time will tell if they can meet the repayment at the end of the month.\r\n\r\nI have further thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6092\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-07062015-1024x574.png\" alt=\"EURUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nBased on the current situation, support in the EUR/USD is at 1.1050 with resistance is at 1.1060.\r\n\r\n&nbsp;\r\n\r\n<strong>GBP/USD: Closing Price 1.5251</strong>.\r\n\r\nCable finished almost unmoved on weekly closing prices. We have had 3 good sized red candles now and I think that with chop chop probably being the order of the day for the EUR/USD, the cable could be trapped between 1.5000 and 1.5500 until the EUR/USD breaks free. We are currently at the mid-point.\r\n\r\nI have a few additional comments on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6091\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-07062015-1024x574.png\" alt=\"GBPUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should be at 1.5000 and resistance at 1.5500.\r\n\r\n&nbsp;\r\n\r\n<strong>AUD/USD: Closing Price 0.7611</strong>.\r\n\r\nVery little change with the weekly closing price although after a spike higher following the RBA announcement early last week, I now think that a move lower is the line of least resistance.\r\n\r\nI expected an RBA rate cut last week…that never happened but I am looking a bearish price action. I have additional thoughts and comments on the chart.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6093\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-07062015-1024x574.png\" alt=\"AUDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport should now be at 0.7530 and resistance at 0.7820.\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7037</strong>.\r\n\r\nWe closed the week at multi-year lows. The outlook for this pair is still very bearish in my opinion. This week we have an RBNZ interest rate decision and a press conference from Graeme Wheeler. It is a big week for the kiwi.\r\n\r\nI have some additional thoughts on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6090\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-07062015-1024x574.png\" alt=\"NZDUSD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.7000 and resistance is at 0.7170.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.2428.</strong>\r\n\r\nThis pair looks bearish as it ends the week, but for most of the week I have been bullish this pair.\r\n\r\nAdditional comments are contained on the chart below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6089\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-07062015-1024x574.png\" alt=\"USDCAD W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\nSupport should be good at 1.2350 or 1.2400 and resistance is at 1.2490 and 1.2540.\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9393</strong>.\r\n\r\nMy comments for this pair are contained on the chart. I still fear GREECE fallout will affect this pair.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6088\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-07062015-1024x574.png\" alt=\"USDCHF W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 0.9350 and resistance at 0.9450.\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 125.55. </strong>\r\n\r\nWhat a week, another 150 pips higher in the week. That is over 350 in two weeks. These are big moves for this pair and should not be under-estimated. I know that many people are trying to short off 125.70 or so, which is a 161.8% extension. It is a great risk / reward trade based on current prices.\r\n\r\nMomentum is so good with this pair at the moment; I am wondering if there is more upside left in the tank?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015.png\"><img class=\"aligncenter size-large wp-image-6087\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-07062015-1024x574.png\" alt=\"USDJPY W 07062015\" width=\"1024\" height=\"574\" /></a>\r\n\r\n&nbsp;\r\n\r\nSupport is at 123.50 and resistance at 125.75.\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThis is a week of central bank governors strutting their stuff over the newswires. In addition we have the RBNZ interest rate statement followed by Graeme Wheeler’s words of wisdom. Who knows what little gems will be tossed our way this week. There will no doubt be the usual ambiguity in what he says. It would not be the RBNZ statement if we had clarity. Personally, I find these annoying to follow. One thing is stated in the statement and then the opposite is then stated in the press conference. I will be trying to BBQ around the time of Wheeler’s speech so I do not get annoyed!!\r\n\r\nI expect very little this week with regards to the EUROZONE as a major GREECE announcement is being delayed by about two weeks and this has screwed up the markets.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 7th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','GREECE DOWN TO THE WIRE','','inherit','open','closed','','6107-revision-v1','','','2015-06-06 17:14:20','2015-06-06 22:14:20','',6107,'https://weeklyfxdrivethru.com/6107-revision-v1/',0,'revision','',0),(6121,1,'2015-06-07 08:01:11','2015-06-07 13:01:11','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE</strong></h3>\r\n<h3 style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n&nbsp;\r\n\r\n<strong>DATE: 07.06.2015\r\nREFERENCE: #156\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nIt was another week from my perspective of waiting for news to happen. I only took a few trades, majority of them nice ones with $$$ and some nice pip gains.\r\n\r\nLast week, I wrote about how my “Ducks” were starting to line up and that I was ready to place some longer-term trades through the summer based on my FUNDAMENTAL views. Those trades are still hanging about. The markets were so choppy, I decided against even placing them with brokers so as not to get caught on a squeeze in the wrong direction.\r\n\r\nUp until last Friday, the USD was taking a bit of a beating to say the least and I was happy to sit back and watch thinking when I enter my trades I will have much better entry levels than I had originally thought possible. Then of course, NFP happened, blow out numbers… where did those numbers come from?\r\n\r\nSo, as it stands today, I am in cash, no trades either LIVE or LIMIT orders placed with brokers. It feels a little weird having no skin in the game but I view this as a blank canvas from which to work from next week.\r\n\r\n1.1.2 – GREECE:\r\n\r\nThis must be embarrassing for most on-lookers to watch, who know nothing of the cultural diversities in play with this negotiation.\r\n\r\nThe best way that I can describe this is as a Mexican standoff with stakes in play that are of the highest values imaginable for both sides.\r\n\r\nThe current GREECE stalemate is the subject of “WHAT’S ON MY MIND -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW” in section 2 of this week’s blog.\r\n\r\n1.1.3 – RBA:\r\n\r\nLast week the RBA removed the supportive dovish notes from their statement. Quite an interesting move given the fact that the economic data such as Retail Sales and the Trade Balance released less than 48 hours after the RBA rate statement were poor. I can only assume that the housing bubble in and around Sydney is weighing in very, very heavy on the RBA creating this move in monetary policy.\r\n\r\nI am cynical of the RBA move, and this does have an effect on my FUNDAMENTAL positioning moving forward, however, for now, I cannot see the RBA hiking rates.\r\n\r\n1.1.4 – ECB:\r\n\r\nI have to say a rather uneventful press conference; sure we had the usual choppy price action, but as far as I was concerned it was a non-event.\r\n\r\nMario Draghi was asked questions about GREECE to which he simply gave the human resources / personnel department response, down the middle from a textbook.\r\n\r\nHe pushed back on QE timings of the program. Quite right too, the QE program isn’t even 6 months old yet!\r\n\r\nIn addition with economic data from the EUROZONE starting to show improvement in places and the start of a bottoming out process, it was a relatively straightforward press conference.\r\n\r\n1.1.5 – ADP and NON-FARM PAYROLLS:\r\n\r\nBasically ADP numbers were in line, only a very slight beat, however, NFP beat by almost 60k. Blowout numbers and the USD went crazy.\r\n\r\nAs you can therefore imagine the calls for a a rate hike by the FED for later this month were re-kindled although the smart money is now allegedly on October 2015. Who knows when it will happen but be certain it will happen this year. I was thinking just prior to the Q4, but do not rule anything out. We may still see a move before the summer.\r\n\r\nRemember, it does NOT have to be announced at the FED meeting it can be done whenever they desire.\r\n\r\n1.1.6 – CAD EMPLOYMENT DATA:\r\n\r\nDo NOT get the champagne corks blasting out of bottles. The CAD numbers will be revised. Last year they gave out numbers that were “Mickey Mouse” all year. I would not believe any numbers that come out of Ottawa - they should be issued with a caveat of a “GOVERNMENT HEALTH WARNING” similar to tobacco.\r\n\r\nThe predictions of 10.2k jobs created were crushed with a 58.9k posting, impressive beyond all considerations, but is it accurate?\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\nMONDAY CNY – CPi.\r\n\r\nTUESDAY: AUD – Glenn Stevens (RBA) words of wisdom.\r\n\r\nWEDNESDAY: GBP – Mark Carney (BOE) words of wisdom.\r\nWEDNESDAY: NZD – RBNZ Interest Rate and Statement.\r\nWEDNESDAY: NZD – Graeme Wheeler (RBNZ) words of wisdom.\r\nWEDNESDAY: AUD – Employment Data.\r\n\r\nTHURSDAY: USD – Retail and Core Retail Sales.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) words of wisdom.\r\n\r\nFRIDAY: N/A.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nWe have 4 central bank governors making contributions this week to the economic data news. As I have said before on several occasions these roles have taken on a “Rock Star” mentality. Whether you believe the words spoken or not is your call. Frankly at times I view some of the comments as the speaker purely and simply just selling their own book, similar to that of Goldman Sachs or Citi. Some of these governors just jawbone, and whilst, initially, the markets believe the B.S. soon after the markets realize the statement for what it was.\r\n\r\nIn essence questioners at these meetings would, in my opinion, be better used asking a straight up question along the lines of… “was that cow, camel or bull s**t?” after some of statements made. It is a problem, we are so used to being fed crap we just accept it now as part of the process.\r\n\r\nThe highlight of the coming week is obviously the RBNZ meeting. I am just waiting to read what Graeme Wheeler (Teflon) has up his sleeve this month. He is a slippery customer at the best of times. He says what he wants and his actions create the exact opposite. Recently the NZD currency has been sold heavily as the markets are now coming to terms with the fact that the RBNZ are no longer on a policy of rate increases. They claim neutrality… lets see what “Teflon” says on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\n&nbsp;\r\n\r\nI felt as though I was on gardening leave most of last week. I traded very little, in the main what I did trade was good so I mustn’t complain, and, as $$$ were banked one should never complain as a trader.\r\n\r\nWe do still have the two news items that just keep rolling on hanging over the markets; GREECE and the FED rate hike. I am still expecting huge volatility around both pieces of news.\r\n\r\nWith GREECE I am expecting a chop fest, which I will stay 100% clear from. With regards to the FED rate hike, I am expecting a directional trade, which I aim to be in for a few sessions and then core out my positions.\r\n\r\nBoth pieces of news will generate trades, without question. One will be instant and 100% immediate for me to join, and the other will more than likely be after the dust has settled.\r\n\r\nI have my plan and I will trade my plan.\r\n\r\nAs a trader of 8 years that is about the best you can hope for. If you are with PREMIUM SERVICE you will have the plan that I will be using.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n&nbsp;\r\n<h3 style=\"text-align: center;\"><strong>GREECE GOING DOWN TO THE WIRE....</strong></h3>\r\nQuelle surprise!\r\n\r\nHold the front page.\r\n\r\nLock up your daughters…\r\n\r\nWell I never, GREECE has delayed paying the IMF. It has invoked a double or nothing clause in their agreement whereby it can elect to lump two repayments together. We should all try this with our mortgage providers. Yeah right, can you imagine the swift two fingers raised towards you when you complete the sentence requesting such an option?\r\n\r\nSo will GREECE pay?\r\n\r\nIn my opinion, as stated before, I think that there is more of a chance that hell freezes over before GREECE repays the troika.\r\n\r\nWill there be a can–kicking EUROZONE / EUROGROUP special at the 11th hour and 50 minutes and 59 seconds…possibly. Will this help GREECE? ... not at all in my opinion.\r\n\r\nAs ‘Bulldog Bristow” says on Frasier… this is complete B.S.\r\n\r\nGREECE needs debt relief. The EUROGROUP and Greek P.M. Tsipras are playing high stakes poker at the moment.\r\n\r\nI admire both parties for standing firm, but alas, I fear that the EUROZONE has more to lose through the contagion effect of a GREECE default or GREXIT.\r\n\r\nJust a Mario Draghi had probably conducted his easiest ECB press conference about 10 days ago, mainly due to the fact that policies were starting to have an effect, this could all be put back should a GREXIT occur and a contagion effect kick in.\r\n\r\nBasically, now it all rests with a month end payment due to the IMF by the Greek government. Technically, it\'s a default if GREECE misses to make the payment but its not like alarm bells will be sounding off throughout Athens and Frankfurt. I strongly suspect the IMF will grant an extension to allow GREECE more time to fulfill its obligations. Whether the markets will be this accommodating will be fascinating to watch… I strongly doubt it.\r\n\r\nI am expecting presenters on CBNC, who will all be in a state of frenzy, to have kittens on the news of a Greek default.\r\n\r\nI expect Larry Kudlow will be wheeled in to give us his slightly right of the “Attila the Hun” view of matters EUROZONE and GREECE. As for, God love him, the clumsy, does he really know where he is, Joe Kernan, give him a map of Europe and lets see if he can find GREECE or GERMANY and point out Athens and Frankfurt to the viewers. I still have not forgotten his stupid comments on IRELAND and the single currency, so embarrassing, it showed him to be way past his sell by date, why is he still there?\r\n\r\nA few subscribers have asked me do I think that a resolution could happen before the end of the month? In all honesty who knows. I suppose that anything is possible but this is the EUROZONE that we are talking about, they are the originators of lastminute.com or I prefer lastsecond.com.\r\n\r\nFrom a Forex Trading perspective, I am expecting a range bound feel to trading the EUR/USD for the next week or so. When / if / should any GREECE news be released I expect a lot of volatility.\r\n\r\nMy plan is to sell the EUR/USD into strength if a can-kicking deal is agreed. If it is a default situation, I will, sell the EUR/USD on pullbacks. Half the battle is having your plan. This I have; I just need the news.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:\r\n\r\n</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\n\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 390 trades cost to trade = $39.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$561.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 390 trades cost to trade = $390.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$5,610.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 390 trades cost to trade = $3,900.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$56,100.00</u></strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\"><img class=\"aligncenter size-full wp-image-6094\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\" alt=\"PREM SERV PROFITS 1 07062015\" width=\"456\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\"><img class=\"aligncenter size-full wp-image-6095\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\" alt=\"REM SERV PROFITS2 07062015\" width=\"459\" height=\"433\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u>\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n\r\n</u></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThis is a week of central bank governors strutting their stuff over the newswires. In addition we have the RBNZ interest rate statement followed by Graeme Wheeler’s words of wisdom. Who knows what little gems will be tossed our way this week. There will no doubt be the usual ambiguity in what he says. It would not be the RBNZ statement if we had clarity. Personally, I find these annoying to follow. One thing is stated in the statement and then the opposite is then stated in the press conference. I will be trying to BBQ around the time of Wheeler’s speech so I do not get annoyed!!\r\n\r\nI expect very little this week with regards to the EUROZONE as a major GREECE announcement is being delayed by about two weeks and this has screwed up the markets.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 7th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','GREECE GOING DOWN TO THE WIRE....','','inherit','open','closed','','6120-revision-v1','','','2015-06-07 08:01:11','2015-06-07 13:01:11','',6120,'https://weeklyfxdrivethru.com/6120-revision-v1/',0,'revision','',0),(6120,1,'2015-06-07 08:01:11','2015-06-07 13:01:11','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE</strong></h3>\r\n<h3 style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n&nbsp;\r\n\r\n<strong>DATE: 07.06.2015\r\nREFERENCE: #156\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nIt was another week from my perspective of waiting for news to happen. I only took a few trades, majority of them nice ones with $$$ and some nice pip gains.\r\n\r\nLast week, I wrote about how my “Ducks” were starting to line up and that I was ready to place some longer-term trades through the summer based on my FUNDAMENTAL views. Those trades are still hanging about. The markets were so choppy, I decided against even placing them with brokers so as not to get caught on a squeeze in the wrong direction.\r\n\r\nUp until last Friday, the USD was taking a bit of a beating to say the least and I was happy to sit back and watch thinking when I enter my trades I will have much better entry levels than I had originally thought possible. Then of course, NFP happened, blow out numbers… where did those numbers come from?\r\n\r\nSo, as it stands today, I am in cash, no trades either LIVE or LIMIT orders placed with brokers. It feels a little weird having no skin in the game but I view this as a blank canvas from which to work from next week.\r\n\r\n1.1.2 – GREECE:\r\n\r\nThis must be embarrassing for most on-lookers to watch, who know nothing of the cultural diversities in play with this negotiation.\r\n\r\nThe best way that I can describe this is as a Mexican standoff with stakes in play that are of the highest values imaginable for both sides.\r\n\r\nThe current GREECE stalemate is the subject of “WHAT’S ON MY MIND -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW” in section 2 of this week’s blog.\r\n\r\n1.1.3 – RBA:\r\n\r\nLast week the RBA removed the supportive dovish notes from their statement. Quite an interesting move given the fact that the economic data such as Retail Sales and the Trade Balance released less than 48 hours after the RBA rate statement were poor. I can only assume that the housing bubble in and around Sydney is weighing in very, very heavy on the RBA creating this move in monetary policy.\r\n\r\nI am cynical of the RBA move, and this does have an effect on my FUNDAMENTAL positioning moving forward, however, for now, I cannot see the RBA hiking rates.\r\n\r\n1.1.4 – ECB:\r\n\r\nI have to say a rather uneventful press conference; sure we had the usual choppy price action, but as far as I was concerned it was a non-event.\r\n\r\nMario Draghi was asked questions about GREECE to which he simply gave the human resources / personnel department response, down the middle from a textbook.\r\n\r\nHe pushed back on QE timings of the program. Quite right too, the QE program isn’t even 6 months old yet!\r\n\r\nIn addition with economic data from the EUROZONE starting to show improvement in places and the start of a bottoming out process, it was a relatively straightforward press conference.\r\n\r\n1.1.5 – ADP and NON-FARM PAYROLLS:\r\n\r\nBasically ADP numbers were in line, only a very slight beat, however, NFP beat by almost 60k. Blowout numbers and the USD went crazy.\r\n\r\nAs you can therefore imagine the calls for a a rate hike by the FED for later this month were re-kindled although the smart money is now allegedly on October 2015. Who knows when it will happen but be certain it will happen this year. I was thinking just prior to the Q4, but do not rule anything out. We may still see a move before the summer.\r\n\r\nRemember, it does NOT have to be announced at the FED meeting it can be done whenever they desire.\r\n\r\n1.1.6 – CAD EMPLOYMENT DATA:\r\n\r\nDo NOT get the champagne corks blasting out of bottles. The CAD numbers will be revised. Last year they gave out numbers that were “Mickey Mouse” all year. I would not believe any numbers that come out of Ottawa - they should be issued with a caveat of a “GOVERNMENT HEALTH WARNING” similar to tobacco.\r\n\r\nThe predictions of 10.2k jobs created were crushed with a 58.9k posting, impressive beyond all considerations, but is it accurate?\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\nMONDAY CNY – CPi.\r\n\r\nTUESDAY: AUD – Glenn Stevens (RBA) words of wisdom.\r\n\r\nWEDNESDAY: GBP – Mark Carney (BOE) words of wisdom.\r\nWEDNESDAY: NZD – RBNZ Interest Rate and Statement.\r\nWEDNESDAY: NZD – Graeme Wheeler (RBNZ) words of wisdom.\r\nWEDNESDAY: AUD – Employment Data.\r\n\r\nTHURSDAY: USD – Retail and Core Retail Sales.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) words of wisdom.\r\n\r\nFRIDAY: N/A.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nWe have 4 central bank governors making contributions this week to the economic data news. As I have said before on several occasions these roles have taken on a “Rock Star” mentality. Whether you believe the words spoken or not is your call. Frankly at times I view some of the comments as the speaker purely and simply just selling their own book, similar to that of Goldman Sachs or Citi. Some of these governors just jawbone, and whilst, initially, the markets believe the B.S. soon after the markets realize the statement for what it was.\r\n\r\nIn essence questioners at these meetings would, in my opinion, be better used asking a straight up question along the lines of… “was that cow, camel or bull s**t?” after some of statements made. It is a problem, we are so used to being fed crap we just accept it now as part of the process.\r\n\r\nThe highlight of the coming week is obviously the RBNZ meeting. I am just waiting to read what Graeme Wheeler (Teflon) has up his sleeve this month. He is a slippery customer at the best of times. He says what he wants and his actions create the exact opposite. Recently the NZD currency has been sold heavily as the markets are now coming to terms with the fact that the RBNZ are no longer on a policy of rate increases. They claim neutrality… lets see what “Teflon” says on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\n&nbsp;\r\n\r\nI felt as though I was on gardening leave most of last week. I traded very little, in the main what I did trade was good so I mustn’t complain, and, as $$$ were banked one should never complain as a trader.\r\n\r\nWe do still have the two news items that just keep rolling on hanging over the markets; GREECE and the FED rate hike. I am still expecting huge volatility around both pieces of news.\r\n\r\nWith GREECE I am expecting a chop fest, which I will stay 100% clear from. With regards to the FED rate hike, I am expecting a directional trade, which I aim to be in for a few sessions and then core out my positions.\r\n\r\nBoth pieces of news will generate trades, without question. One will be instant and 100% immediate for me to join, and the other will more than likely be after the dust has settled.\r\n\r\nI have my plan and I will trade my plan.\r\n\r\nAs a trader of 8 years that is about the best you can hope for. If you are with PREMIUM SERVICE you will have the plan that I will be using.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n&nbsp;\r\n<h3 style=\"text-align: center;\"><strong>GREECE GOING DOWN TO THE WIRE....</strong></h3>\r\nQuelle surprise!\r\n\r\nHold the front page.\r\n\r\nLock up your daughters…\r\n\r\nWell I never, GREECE has delayed paying the IMF. It has invoked a double or nothing clause in their agreement whereby it can elect to lump two repayments together. We should all try this with our mortgage providers. Yeah right, can you imagine the swift two fingers raised towards you when you complete the sentence requesting such an option?\r\n\r\nSo will GREECE pay?\r\n\r\nIn my opinion, as stated before, I think that there is more of a chance that hell freezes over before GREECE repays the troika.\r\n\r\nWill there be a can–kicking EUROZONE / EUROGROUP special at the 11th hour and 50 minutes and 59 seconds…possibly. Will this help GREECE? ... not at all in my opinion.\r\n\r\nAs ‘Bulldog Bristow” says on Frasier… this is complete B.S.\r\n\r\nGREECE needs debt relief. The EUROGROUP and Greek P.M. Tsipras are playing high stakes poker at the moment.\r\n\r\nI admire both parties for standing firm, but alas, I fear that the EUROZONE has more to lose through the contagion effect of a GREECE default or GREXIT.\r\n\r\nJust a Mario Draghi had probably conducted his easiest ECB press conference about 10 days ago, mainly due to the fact that policies were starting to have an effect, this could all be put back should a GREXIT occur and a contagion effect kick in.\r\n\r\nBasically, now it all rests with a month end payment due to the IMF by the Greek government. Technically, it\'s a default if GREECE misses to make the payment but its not like alarm bells will be sounding off throughout Athens and Frankfurt. I strongly suspect the IMF will grant an extension to allow GREECE more time to fulfill its obligations. Whether the markets will be this accommodating will be fascinating to watch… I strongly doubt it.\r\n\r\nI am expecting presenters on CBNC, who will all be in a state of frenzy, to have kittens on the news of a Greek default.\r\n\r\nI expect Larry Kudlow will be wheeled in to give us his slightly right of the “Attila the Hun” view of matters EUROZONE and GREECE. As for, God love him, the clumsy, does he really know where he is, Joe Kernan, give him a map of Europe and lets see if he can find GREECE or GERMANY and point out Athens and Frankfurt to the viewers. I still have not forgotten his stupid comments on IRELAND and the single currency, so embarrassing, it showed him to be way past his sell by date, why is he still there?\r\n\r\nA few subscribers have asked me do I think that a resolution could happen before the end of the month? In all honesty who knows. I suppose that anything is possible but this is the EUROZONE that we are talking about, they are the originators of lastminute.com or I prefer lastsecond.com.\r\n\r\nFrom a Forex Trading perspective, I am expecting a range bound feel to trading the EUR/USD for the next week or so. When / if / should any GREECE news be released I expect a lot of volatility.\r\n\r\nMy plan is to sell the EUR/USD into strength if a can-kicking deal is agreed. If it is a default situation, I will, sell the EUR/USD on pullbacks. Half the battle is having your plan. This I have; I just need the news.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:\r\n\r\n</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\n\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><u>MICRO LOT TRADER</u> - 390 trades cost to trade = $39.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$561.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>MINI LOT TRADER</u> - 390 trades cost to trade = $390.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$5,610.00</u></strong></p>\r\n<p style=\"text-align: center;\"><u>STANDARD LOT TRADER</u> - 390 trades cost to trade = $3,900.00\r\n<strong>PROFIT</strong> from 390 trades = <strong><u>$56,100.00</u></strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\"><img class=\"aligncenter size-full wp-image-6094\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS-1-07062015.png\" alt=\"PREM SERV PROFITS 1 07062015\" width=\"456\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\"><img class=\"aligncenter size-full wp-image-6095\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/REM-SERV-PROFITS2-07062015.png\" alt=\"REM SERV PROFITS2 07062015\" width=\"459\" height=\"433\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u>\r\n\r\n<u>4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n<u>4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n\r\n</u></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> THE CONCLUSION - MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nThis is a week of central bank governors strutting their stuff over the newswires. In addition we have the RBNZ interest rate statement followed by Graeme Wheeler’s words of wisdom. Who knows what little gems will be tossed our way this week. There will no doubt be the usual ambiguity in what he says. It would not be the RBNZ statement if we had clarity. Personally, I find these annoying to follow. One thing is stated in the statement and then the opposite is then stated in the press conference. I will be trying to BBQ around the time of Wheeler’s speech so I do not get annoyed!!\r\n\r\nI expect very little this week with regards to the EUROZONE as a major GREECE announcement is being delayed by about two weeks and this has screwed up the markets.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 7th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','GREECE GOING DOWN TO THE WIRE....','','publish','open','closed','','greece-going-down-to-the-wire','','','2015-06-07 08:01:11','2015-06-07 13:01:11','',0,'https://weeklyfxdrivethru.com/?p=6120',0,'post','',0),(6143,1,'2015-06-13 11:49:19','2015-06-13 16:49:19','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 14.06.2015\r\nREFERENCE: #64\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nYet another week when I felt that I was in suspended animation looking down on the markets waiting for the GREECE news to break. Only 11 trades via the PREMIUM SERVICE last week, the net result was positive, so I should not complain when adding profits to the broker accounts. Like many other traders the “woulda, coulda, shoulda” scenario comes into play and you always feel that you could have extracted more from a trade or maybe you closed it too early or too late, the bottom line is the accounts balances have grown.\r\n\r\nSo, like last week because of the geopolitical news I have no LIVE trades and no limit orders in position. I am 100% in cash on the sidelines. I have several long and short options ready to trade on the GREECE news; my TRADING PLAN is ready to roll as soon as we have a GREECE news event. As a Forex trader one of the key factors to success is to have your A and B plan ready to go.\r\n\r\n1.1.2 – GREECE:\r\n\r\nAnother week has passed, the rhetoric has grown and according to the press release after a three way meeting between Merkel, Hollande and Tsipras, they are now going to intensify their negotiations, this means “We must try harder”.\r\n\r\nLast Thursday the IMF left the negotiation table, obviously they have had enough. One must imagine “ The Pitbull” (Schaeuble) will be let loose soon to put the final nails in the coffin of the GREECE participation in the single currency.\r\n\r\nAllegedly, GREECE needs a deal by the next EUROGROUP meeting on June 18<sup>th</sup> and the current bailout program expires on June 30<sup>th</sup> 2015.\r\n\r\nI have not changed my view on this subject for well over 12 months now that GREECE’s creditors must take a haircut or GREECE will just have no alternative but to default. I still believe Drachmas will be circulating again very soon.\r\n\r\nThe vultures are circling above Athens and for me this news event is getting as boring as the FED rate hike.\r\n\r\nFor God’s sake, GREECE just default and Yellen just move up rates and put us out of our misery…\r\n\r\n1.1.3 – RBNZ:\r\n\r\nThe RBA removed the dovish commentary at their last Central Bank policy statement.\r\n\r\nLast week the RBNZ went so accommodative and dovish I thought that Graeme Wheeler, RBNZ governor, has been on “whacky tobaccy”. His words and the statement were consistent for the first time in months and the surprise rate cut with more to follow sent the NZD into a tailspin.\r\n\r\nThe GBP/NZD moved up about 450 pips on the news, the AUD/NZD almost 200 pips, big moves also with the NZD/USD, NZD/CAD and the EUR/NZD.\r\n\r\nThe market did not expect the rate cut and they certainly did not expect the commentary to run alongside, hence the savage moves.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</u><u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Draghi spouts words of wisdom.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP - CPi.\r\nTUESDAY: NZD – Dairy Auction Results.\r\n\r\nWEDNESDAY: GBP – Unemployment Data.\r\nWEDNESDAY: USD – FOMC Statement / FED Funds Rate &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – SNB Monetary Policy Statement and Press Conference.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – CPi and Core CPi.\r\n\r\nFRIDAY: CAD – Core CPI and Core Retail Sales.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nThe FOMC dominates the news this week. The markets will be looking for clues as to when the FED funds rate will be increased in line with FED policy. The language from the statement will be analyzed and the press conference should contain several questions and explanations about the vocabulary used by the FED in the statement so that the markets can establish a better understanding of when the rate hike will occur.\r\n\r\nMost money is now on September or October. No one believes it will happen this week; but do NOT rule anything out. They could still raise in June, she has the press conference to elaborate and explain fully the FED reasons.\r\n\r\nI think from a safety perspective as Q4 is usually a great month for economic data in the U.S. the FED will raise just before Q4 so that any impact of the rate hike will be absorbed in a good quarter’s data. Having written this, I would not be totally surprised if they are raised this week. The get the damn thing out of the way approach and shut the feckers up on Wall Street.\r\n\r\nLets see what happens. I just hope that we are not still 100% in the dark at 3.00PM (EDT) on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI have now been almost on gardening leave for three weeks as I decided to step aside and wait for the impending GREECE news to hit the wires. There were delays, clumping together of payments due, meetings set and re-set over and over again. I just felt that the best policy was to stay away and wait. Basically, I have been very light on trading anything EUR or CHF, with even restraint on GBP related trades.\r\n\r\nMy trades have mostly therefore been NZD related. I am still not 100% comfortable with the JPY and the AUD has been a chop fest. All in all, to pare back on trading probably could not have come at a better time.\r\n\r\nSo, with this extra time on my hands I have been speaking on email and SKYPE with a few of my subscribers to the PREMIUM SERVICE about all things Forex.\r\n\r\nFor fun a while back when the markets were looking very stretched, I talked about ARMEGEDDON TRADES from the perspective of if stops were pushed and the markets capitulated due to extreme conditions how far did I think that certain pairs could go before a two-sided market in a particular pair would reappear?\r\n\r\nWe talked mainly about the USD/CHF and EUR/CHF. I think that after the GREECE news is announced the CHF has the potential to be a very directional currency to trade against most currencies, in particular, the USD, EUR, GBP, AUD and to a lesser extent the JPY. The problems is setting what you think are the lowest of lows; they are either too low or not low enough. Either way it is not good to place LIMIT ORDERS as they either never get triggered in which case your opportunity to make money is removed or the positions are set to too close to the current market, so the trades trigger and the currency still moves against your direction and you incur losses as the stop is too close. You really have to be around to read the news and be ready to enter based on a sound basis. I did however say that in my mind most of the time I have my golden prices that I would love to see pairs hit once again from which to enter trades. I have these listed later in section 4.5 for my subscribers only and I will leave these listed for forthcoming blogs.\r\n\r\nI am not sure what real benefit or purpose this will serve but it will be done. It’s sort of similar to the coming year ahead predictions that many of the financial institutions provide. Mainly total bulls**t but fun to read.\r\n\r\nSumming up my conversations with subscribers, most are finding this a stop / start market although, surprisingly over the past two to three weeks some have felt the market more forgiving of poor entries than in the early part of 2015. I totally agree.\r\n\r\nAs you know from a few weeks ago, I highlighted my TRADING PLAN après GREECE. It is on hold until après GREECE but it is ready to go.\r\n\r\nI have referred to the plan in section 4.2 for my GOLD and SILVER subscribers, as there has been the inevitable tweaking going on.\r\n\r\nBeing a trader having your plan is half the battle. As I mentioned to a few of you referring to the ARMEGGEDON trades to have these in play après GREECE would be the icing on the cake!!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE CONTAGION APPROACHES...</strong></h3>\r\nAs a child if I wanted a new toy or something similar, my father, an ex UK policeman, would often respond to my childlike continual bleating for whatever I wanted by saying “Change the record over – play something else” (That dates my age a little, although vinyl is making a comeback of immense proportions, lets hope in the future the USD/CHF and GBP/NZD do the same!!).\r\n\r\nI feel with regards to GREECE it’s all been said already, remixed, put out on a 12” with a few bonus cuts and to make more relevant and generate more interest put in a box set with multiple versions and booklets etc.\r\n\r\nHowever, I am not seeing the word “contagion” enough. All I see is Tsipras this and Varoufakis that, plus Merkel and Hollande (the modern day Laurel and Hardy), Weidmann (Bundesbank), Schaeuble (The Pitbull), Dijsselbloem (Chairman of the Eurogroup Finance Ministers) and Donald Tusk (Council President) regurgitating the same old, same old statements. Greece needs to make more cuts into pensions and raise more taxes and make more reforms. This is really tough medicine for Greece, and, frankly the IMF walking away from the negotiations last Thursday was a significant event even though they claim they are in the negotiations from a distance…yeah that\'s right, 3,500 miles away in the negotiations. In the negotiations my a**e.\r\n\r\nNo one is really privy to the true actual state of the Greek financial position. We do know, or rather are led to believe that it is dire, and, I do not doubt that.\r\n\r\nWhat we are sometimes missing is the seriousness of the political situation back in Greece as we focus on the true effects of the contagion. Tsipras, has to sell whatever deal he may get from the Eurogroup and Laurel and Hardy back to his parliament before the end of the month. The Syriza party was elected on a very specific mandate that a large group of the party want to stick to no matter what.\r\n\r\nTalks in Brussels and Frankfurt may have been irrelevant from day one. Feelings and tensions in Greece are obviously running high; pressure groups are making their feelings known. PAME the communist labour union increased its profile by recently demonstrating inside the Greek Finance Ministry with comments and banners along the lines of “We’ve bled enough” “We’ve paid enough” “Give Greece back to the Greeks”. Looking wider afield the latest opinion poll that I could find was by a group called Marc polling. It says that 50% of Greeks want Tsipras to accept any deal from the Eurozone and 38% support Tsipras’s continued resistance.\r\n\r\nUncertainty or what?\r\n\r\nThere simply isn’t enough time left to do a deal and satisfy all parties in my opinion. I have stated from day one, months and months ago, that Greece has no money and it cannot afford the terms laid down by the Dijsselbloem, or the lame comments from Laurel and Hardy coupled with the ankle snapping comments by the pitbull. A default and exit from the single-currency is the only option.\r\n\r\nHowever, what has me perplexed is that the fear of contagion no matter what happens never seems to concern the Eurozone heads at all. I think the chairman of the World Bank, or some similar obscure body talked about contagion risks last week but apart from his comments - nada.\r\n\r\nAs we all know, the Eurozone leaders are basically a set of ostriches that bury their heads in the sand when it comes to tough decisions. God love them, they are not business people, they are just politicians.\r\n\r\n<strong>Politicians are NOT problem solvers but blame attributers</strong>\r\n\r\nI have said this many times before. Politicians mostly run on 4/5 year cycles and are here today gone tomorrow, why have their legacy in the history books spoiled by making decisions. Lets kick cans down the road…leave the decision to the next guy.\r\n\r\nThis is one reason why Greece is in the poor shape it is in right now.\r\n\r\nLike a scene from the Monty Python movie “The Life of Brian”, the Judean Peoples Popular Front’s leader “Reg” (John Cleese) gauges support of his executive committee relating to Roman dominance in his country by asking the question, “What have the Romans ever done for us?”\r\n\r\nIn many bars around Athens the same questions have no doubt been asked many times over – “What has the single-currency and being told what to do by the Germans and the bureaucrats in Brussels ever done for us, where has it got us?” For me now, the answer is irrelevant, we are too far down the road.\r\n\r\nGreece will in my opinion have to default and re-introduce the Drachma as a parallel currency and remove the Euro from circulation. It took a month to bring the Euro in with a parallel situation, it could be just a fast moving it out along with capital controls.\r\n\r\nTHE CONTAGION:\r\n\r\nGreece is out…. who is next?\r\n\r\nSpain, Portugal or Italy who knows? But reading the internet press releases on these countries the far left and far right parties have had enough with German interference and Brussels bureaucracy and ministers from other Eurozone countries telling them what they should be doing and how they should be doing it.\r\n\r\nThere is a contagion Tsunami brewing in Europe and I do not think that Eurozone politicians, never mind the rest of the world realizes how dangerous this is. It will make the financial crash of 2008 look like a teddy bears picnic in comparison. The Eurozone politicians are burying their heads in the sand, they either cannot see or are unwilling to view the big picture.\r\n\r\nWhen you look at some of the existing leaders in Europe, Rahoy (Spain) and Hollande (France) as two good examples, they have zero chance at re-election. If they were to throw their hats in the ring and run again it will be like “Turkeys voting for Christmas” they will get slaughtered politically. There is a very strong anti-Europe undercurrent that places the entire Eurozone project in jeopardy.\r\n\r\nGreece has been badly managed from day one and to add insult to injury repeatedly poor decisions were made to just make matters worse. The negotiators would be sacked in a private business. In politics they are rewarded with luxury travel and fully functional expense account.\r\n\r\nIf there is a can kicking exercise or a straight default and exit, there will be a contagion effect in play and it will have been brought about entirely by amateurish negotiations and agreements from day one with respect to Greece.\r\n\r\nThis is the Eurozone…\r\n\r\nWelcome to Eurozone…the assassins of hope in negotiations and credible settlements.\r\n\r\nContagion here we come….\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><u> THE PREMIUM SERVICE:</u></strong>&nbsp;</li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</u>\r\n\r\n&nbsp;\r\n\r\nEMANATING FROM TRADE SET-UPS - 2015 to date:\r\n\r\n<u>MICRO LOT TRADER</u> - 401 trades cost to trade = $40.10\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$570.60</u></strong>\r\n\r\n<u>MINI LOT TRADER</u> - 401 trades cost to trade = $410.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$5,706.00</u></strong>\r\n\r\n<u>STANDARD LOT TRADER</u> - 401 trades cost to trade = $4,100.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$57,060.00</u></strong>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\"><img class=\"aligncenter size-full wp-image-6122\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\" alt=\"PREM SERV PROFITS1 14062015\" width=\"455\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\"><img class=\"aligncenter size-full wp-image-6123\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\" alt=\"PREM SERV PROFITS2 14062015\" width=\"460\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\nThis section will return after the summer break.\r\n\r\n&nbsp;\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\nDuring the past week mostly just FLASH TRADES were undertaken, with me just taking relatively shorter-term trades seizing on market opportunities as they came up rather than committing to RADAR TRADES that were pre-planned ahead.\r\n\r\nThis policy will continue until après GREECE.\r\n\r\nNothing much has changed from last week except that this week we have a FOMC Press Conference. I expect trading to be very light ahead of the FOMC news event and whether or not this one delivers clear and unambiguous facts it will be heavily scrutinized and debated until “the cows come home”.\r\n\r\nExpect more NZD trades and cross-rate trades in the coming days, as I stay clear of the EUR, CHF and GBP.\r\n\r\nI outlined my plan moving forward based on my FUNDAMENTAL views several weeks ago and decided to postpone the implementation until after GREECE was resolved whether by creditor haircuts, default, can–kicking extension, full blown bailout (ACT III) – whatever.\r\n\r\nThe only slight changes surround the AUD currency. My approach regarding the EUR, CHF and NZD stand as before and frankly when you add up the potential number of pairs than can be traded using just these three currencies it is enough to keep me 100% occupied.\r\n\r\nAs mentioned to one or two of you over the past two weeks or so, there will be FUNDAMENTAL TRADES and RADAR TRADES probably on the same entries, the RADAR TRADES will be more like swing trades for $$$ to keep the broker accounts moving and the FUNDAMENTAL TRADES should be smaller position sizes for what I am hoping will be longer-term trades.\r\n\r\nThat is my plan and these are the currency pairs that I have charts pre-done and ready and waiting for the FOMC and GREECE to be out of the way.\r\n\r\nShort: EUR/USD, EUR/JPY and EUR/GBP\r\n\r\nLong: USD/CHF, EUR/CHF, GBP/CHF and possibly USD/CAD.\r\n\r\nPlus, ahead of the news items the following pairs are on my RADAR.\r\n\r\nShort: NZD/USD and possibly NZD/CAD.\r\n\r\nLong: AUD/NZD with possibly either EUR/NZD or GBP/NZD.\r\n\r\nAs you all know, one has to react at the time the news and/or technicals line up and some trades may be more obvious than others, but I really feel positive moving forward into the fall/autumn period with my plan that I have ready to launch. I just hope that this summer’s trading environment is not like last year.\r\n\r\n&nbsp;\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\nThere are currently no LIVE trades.\r\n\r\n&nbsp;\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u>\r\n\r\n(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.\r\n\r\nI 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).\r\n\r\nThere are currently no LIMIT order trades in position with brokers.\r\n\r\n&nbsp;\r\n\r\n<u>4.5 – ARMEGEDDON “GOLDEN” TRADES:</u>\r\n\r\n(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).\r\n\r\nGOLDEN TRADE #001\r\nUSD/CAD:\r\nEnter long at 1.1930.\r\n\r\nThe weekly chart below shows this level to have held as support of pretty much 4 weeks out of the past 21 weeks. I remember writing in this blog about how annoyed I was to have missed the entry at this level on a couple of occasions. Maybe to have it noted here in this format will have myself on RED ALERT should this pair drift lower towards this potential level again.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GOLDEN-TRADE-001-W-USDCAD-14062015.png\"><img class=\"aligncenter size-large wp-image-6137\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GOLDEN-TRADE-001-W-USDCAD-14062015-1024x546.png\" alt=\"GOLDEN TRADE #001 W USDCAD 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>4.6 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n(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)\r\n\r\n<u>THIS WEEKS OVERVIEW:</u>\r\n\r\nAs explained earlier, I will be very light on trades this week ahead of the FOMC and therefore only a few pairs are on my RADAR and, as a result only a few charts interest me this week.\r\n\r\nThis week, servers were down at FX PRO so I am using an MT4 provider to produce the charts and my comments this week are above the charts rather than being contained on the charts themselves.\r\n\r\nNZD/USD (240 MINUTES):\r\nThis pair is very bearish, and, on the chart below you can clearly see a down trending channel. Channel support is at 0.6900.\r\nI am looking to enter on a pullback to, if we can get it 0.7030 or thereabouts. The big RED candle was the usual type of weekly closing candle.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSDH414062015.png\"><img class=\"aligncenter size-large wp-image-6142\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSDH414062015-1024x444.png\" alt=\"NZDUSDH414062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/NZD (MONTHLY):\r\n\r\nWe saw huge reverse moves last week adding to what was already a big move off a strike at parity three months ago. It looks like a strike at the 100% retracement of the move to parity is on at 1.1300. Given the dovish position of the RBNZ and the neutral position of the RBA this pair is a great long trade opportunity. The bonus is that it is really unaffected by whatever happens regarding the FOMC and GREECE given its geographical position.\r\n\r\nI am hoping for a pullback to 1.0950 to enter long.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDNZDMonthly14062015.png\"><img class=\"aligncenter size-large wp-image-6138\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDNZDMonthly14062015-1024x444.png\" alt=\"AUDNZDMonthly14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/CAD (DAILY):\r\n\r\nI am really working to Fibonacci extensions with this pair. I am looking at this pair but feel that I have missed this trade and need to let it go by. I feel that there will be plenty of people trying to enter long at 0.8500 the 161.8% extension, and whilst this may be a trade for some people it is NOT for me. The last thing that I want is to be long the Kiwi. A pullback to 0.8720 and it looks like a good short opportunity once again.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDCADDaily14062015.png\"><img class=\"aligncenter size-large wp-image-6141\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDCADDaily14062015-1024x444.png\" alt=\"NZDCADDaily14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/CAD (DAILY):\r\n\r\nWe are heading back towards the recent highs of 1.9220. This is a key level, then we have previous good resistance at 1.9350. I believe that there is the potential for a run at 2.000, but there are several factors to consider. The reaction of the cable should the EUR fall. The cross–rate effect of the EUR/GBP and how will the CAD react. Falling Oil prices look to be maybe not with us totally until after the peak summer driving season, but irrespective of this the demand for Oil is still lower. A move back to just below 0.9100 might be the place to try a long trade. There are lots of confluences around present levels and up to 1.9350 so price action would be choppy moving higher. However, as you know this pair can motor on up 200 pips without blinking an eye. It is on my RADAR.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCADDaily14062015.png\"><img class=\"aligncenter size-large wp-image-6139\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCADDaily14062015-1024x444.png\" alt=\"GBPCADDaily14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/NZD (MONTHLY):\r\n\r\nWhen I first started trading FX, this pair was around 2.9000. The great unwind trade is underway and I feel that about 5,000 pips of a move has already happened since November 2012. The good news is that potentially “the unwind” could reach 2.4600 – 2.5000, which means that there is just under 3,000 left. This pair is volatile, and when you consider that on the back of surprise rate cut it rallied almost 500 pips in about five minutes, never rule anything out with this pair.\r\n\r\nPre RBNZ I was looking for 2.1050 or 2.1300 to enter long. We now sit above 2.2200!! I am hoping, praying that a move back to 2.1800 to 2.2000 will happen to enable an entry.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZDMonthly14062015.png\"><img class=\"aligncenter size-large wp-image-6140\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZDMonthly14062015-1024x444.png\" alt=\"GBPNZDMonthly14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.7 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-14062015.png\"><img class=\"aligncenter size-full wp-image-6129\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-14062015.png\" alt=\"PS TRENDING PAIRS 14062015\" width=\"397\" height=\"511\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>4.8 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n&nbsp;\r\n\r\n<strong><u>EUR/USD: Closing Price 1.1265</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6135\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-14062015-1024x546.png\" alt=\"EURUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>GBP/USD: Closing Price 1.5561</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6134\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-14062015-1024x546.png\" alt=\"GBPUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>AUD/USD: Closing Price 0.7728</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6136\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-14062015-1024x546.png\" alt=\"AUDUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>NZD/USD: Closing Price 0.6964</u></strong><u>   </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6133\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-14062015-1024x546.png\" alt=\"NZDUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CAD: Closing Price 1.2319</u></strong><u>   </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6132\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-14062015-1024x546.png\" alt=\"USDCAD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CHF: Closing Price 0.9243</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6131\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-14062015-1024x546.png\" alt=\"USDCHF W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/JPY: Closing Price 123.33 </u></strong><u> </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6130\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-14062015-1024x546.png\" alt=\"USDJPY W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> MY FINAL THOUGHTS: </u></strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nPersonally, I am going to continue my recent short-term plan of trading very light, especially going into a week when not only do we have a FOMC statement, economic indicators and a Janet Yellen press conference, plus, we have the potential of a GREECE end game playing out.\r\n\r\nI have traded light for the past three weeks, I see absolutely no reason to change now given the intensity of news is even higher. In fact it would be rather foolish to change now.\r\n\r\nWith high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 14th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','THE CONTAGION APPROACHES…','','publish','open','closed','','the-contagion-approaches','','','2015-06-13 11:49:19','2015-06-13 16:49:19','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=6143',0,'member_posts','',0),(6144,1,'2015-06-13 11:46:55','2015-06-13 16:46:55','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 14.06.2015\r\nREFERENCE: #64\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nYet another week when I felt that I was in suspended animation looking down on the markets waiting for the GREECE news to break. Only 11 trades via the PREMIUM SERVICE last week, the net result was positive, so I should not complain when adding profits to the broker accounts. Like many other traders the “woulda, coulda, shoulda” scenario comes into play and you always feel that you could have extracted more from a trade or maybe you closed it too early or too late, the bottom line is the accounts balances have grown.\r\n\r\nSo, like last week because of the geopolitical news I have no LIVE trades and no limit orders in position. I am 100% in cash on the sidelines. I have several long and short options ready to trade on the GREECE news; my TRADING PLAN is ready to roll as soon as we have a GREECE news event. As a Forex trader one of the key factors to success is to have your A and B plan ready to go.\r\n\r\n1.1.2 – GREECE:\r\n\r\nAnother week has passed, the rhetoric has grown and according to the press release after a three way meeting between Merkel, Hollande and Tsipras, they are now going to intensify their negotiations, this means “We must try harder”.\r\n\r\nLast Thursday the IMF left the negotiation table, obviously they have had enough. One must imagine “ The Pitbull” (Schaeuble) will be let loose soon to put the final nails in the coffin of the GREECE participation in the single currency.\r\n\r\nAllegedly, GREECE needs a deal by the next EUROGROUP meeting on June 18<sup>th</sup> and the current bailout program expires on June 30<sup>th</sup> 2015.\r\n\r\nI have not changed my view on this subject for well over 12 months now that GREECE’s creditors must take a haircut or GREECE will just have no alternative but to default. I still believe Drachmas will be circulating again very soon.\r\n\r\nThe vultures are circling above Athens and for me this news event is getting as boring as the FED rate hike.\r\n\r\nFor God’s sake, GREECE just default and Yellen just move up rates and put us out of our misery…\r\n\r\n1.1.3 – RBNZ:\r\n\r\nThe RBA removed the dovish commentary at their last Central Bank policy statement.\r\n\r\nLast week the RBNZ went so accommodative and dovish I thought that Graeme Wheeler, RBNZ governor, has been on “whacky tobaccy”. His words and the statement were consistent for the first time in months and the surprise rate cut with more to follow sent the NZD into a tailspin.\r\n\r\nThe GBP/NZD moved up about 450 pips on the news, the AUD/NZD almost 200 pips, big moves also with the NZD/USD, NZD/CAD and the EUR/NZD.\r\n\r\nThe market did not expect the rate cut and they certainly did not expect the commentary to run alongside, hence the savage moves.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</u><u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Draghi spouts words of wisdom.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP - CPi.\r\nTUESDAY: NZD – Dairy Auction Results.\r\n\r\nWEDNESDAY: GBP – Unemployment Data.\r\nWEDNESDAY: USD – FOMC Statement / FED Funds Rate &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – SNB Monetary Policy Statement and Press Conference.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – CPi and Core CPi.\r\n\r\nFRIDAY: CAD – Core CPI and Core Retail Sales.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nThe FOMC dominates the news this week. The markets will be looking for clues as to when the FED funds rate will be increased in line with FED policy. The language from the statement will be analyzed and the press conference should contain several questions and explanations about the vocabulary used by the FED in the statement so that the markets can establish a better understanding of when the rate hike will occur.\r\n\r\nMost money is now on September or October. No one believes it will happen this week; but do NOT rule anything out. They could still raise in June, she has the press conference to elaborate and explain fully the FED reasons.\r\n\r\nI think from a safety perspective as Q4 is usually a great month for economic data in the U.S. the FED will raise just before Q4 so that any impact of the rate hike will be absorbed in a good quarter’s data. Having written this, I would not be totally surprised if they are raised this week. The get the damn thing out of the way approach and shut the feckers up on Wall Street.\r\n\r\nLets see what happens. I just hope that we are not still 100% in the dark at 3.00PM (EDT) on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI have now been almost on gardening leave for three weeks as I decided to step aside and wait for the impending GREECE news to hit the wires. There were delays, clumping together of payments due, meetings set and re-set over and over again. I just felt that the best policy was to stay away and wait. Basically, I have been very light on trading anything EUR or CHF, with even restraint on GBP related trades.\r\n\r\nMy trades have mostly therefore been NZD related. I am still not 100% comfortable with the JPY and the AUD has been a chop fest. All in all, to pare back on trading probably could not have come at a better time.\r\n\r\nSo, with this extra time on my hands I have been speaking on email and SKYPE with a few of my subscribers to the PREMIUM SERVICE about all things Forex.\r\n\r\nFor fun a while back when the markets were looking very stretched, I talked about ARMEGEDDON TRADES from the perspective of if stops were pushed and the markets capitulated due to extreme conditions how far did I think that certain pairs could go before a two-sided market in a particular pair would reappear?\r\n\r\nWe talked mainly about the USD/CHF and EUR/CHF. I think that after the GREECE news is announced the CHF has the potential to be a very directional currency to trade against most currencies, in particular, the USD, EUR, GBP, AUD and to a lesser extent the JPY. The problems is setting what you think are the lowest of lows; they are either too low or not low enough. Either way it is not good to place LIMIT ORDERS as they either never get triggered in which case your opportunity to make money is removed or the positions are set to too close to the current market, so the trades trigger and the currency still moves against your direction and you incur losses as the stop is too close. You really have to be around to read the news and be ready to enter based on a sound basis. I did however say that in my mind most of the time I have my golden prices that I would love to see pairs hit once again from which to enter trades. I have these listed later in section 4.5 for my subscribers only and I will leave these listed for forthcoming blogs.\r\n\r\nI am not sure what real benefit or purpose this will serve but it will be done. It’s sort of similar to the coming year ahead predictions that many of the financial institutions provide. Mainly total bulls**t but fun to read.\r\n\r\nSumming up my conversations with subscribers, most are finding this a stop / start market although, surprisingly over the past two to three weeks some have felt the market more forgiving of poor entries than in the early part of 2015. I totally agree.\r\n\r\nAs you know from a few weeks ago, I highlighted my TRADING PLAN après GREECE. It is on hold until après GREECE but it is ready to go.\r\n\r\nI have referred to the plan in section 4.2 for my GOLD and SILVER subscribers, as there has been the inevitable tweaking going on.\r\n\r\nBeing a trader having your plan is half the battle. As I mentioned to a few of you referring to the ARMEGGEDON trades to have these in play après GREECE would be the icing on the cake!!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE CONTAGION APPROACHES...</strong></h3>\r\nAs a child if I wanted a new toy or something similar, my father, an ex UK policeman, would often respond to my childlike continual bleating for whatever I wanted by saying “Change the record over – play something else” (That dates my age a little, although vinyl is making a comeback of immense proportions, lets hope in the future the USD/CHF and GBP/NZD do the same!!).\r\n\r\nI feel with regards to GREECE it’s all been said already, remixed, put out on a 12” with a few bonus cuts and to make more relevant and generate more interest put in a box set with multiple versions and booklets etc.\r\n\r\nHowever, I am not seeing the word “contagion” enough. All I see is Tsipras this and Varoufakis that, plus Merkel and Hollande (the modern day Laurel and Hardy), Weidmann (Bundesbank), Schaeuble (The Pitbull), Dijsselbloem (Chairman of the Eurogroup Finance Ministers) and Donald Tusk (Council President) regurgitating the same old, same old statements. Greece needs to make more cuts into pensions and raise more taxes and make more reforms. This is really tough medicine for Greece, and, frankly the IMF walking away from the negotiations last Thursday was a significant event even though they claim they are in the negotiations from a distance…yeah that\'s right, 3,500 miles away in the negotiations. In the negotiations my a**e.\r\n\r\nNo one is really privy to the true actual state of the Greek financial position. We do know, or rather are led to believe that it is dire, and, I do not doubt that.\r\n\r\nWhat we are sometimes missing is the seriousness of the political situation back in Greece as we focus on the true effects of the contagion. Tsipras, has to sell whatever deal he may get from the Eurogroup and Laurel and Hardy back to his parliament before the end of the month. The Syriza party was elected on a very specific mandate that a large group of the party want to stick to no matter what.\r\n\r\nTalks in Brussels and Frankfurt may have been irrelevant from day one. Feelings and tensions in Greece are obviously running high; pressure groups are making their feelings known. PAME the communist labour union increased its profile by recently demonstrating inside the Greek Finance Ministry with comments and banners along the lines of “We’ve bled enough” “We’ve paid enough” “Give Greece back to the Greeks”. Looking wider afield the latest opinion poll that I could find was by a group called Marc polling. It says that 50% of Greeks want Tsipras to accept any deal from the Eurozone and 38% support Tsipras’s continued resistance.\r\n\r\nUncertainty or what?\r\n\r\nThere simply isn’t enough time left to do a deal and satisfy all parties in my opinion. I have stated from day one, months and months ago, that Greece has no money and it cannot afford the terms laid down by the Dijsselbloem, or the lame comments from Laurel and Hardy coupled with the ankle snapping comments by the pitbull. A default and exit from the single-currency is the only option.\r\n\r\nHowever, what has me perplexed is that the fear of contagion no matter what happens never seems to concern the Eurozone heads at all. I think the chairman of the World Bank, or some similar obscure body talked about contagion risks last week but apart from his comments - nada.\r\n\r\nAs we all know, the Eurozone leaders are basically a set of ostriches that bury their heads in the sand when it comes to tough decisions. God love them, they are not business people, they are just politicians.\r\n\r\n<strong>Politicians are NOT problem solvers but blame attributers</strong>\r\n\r\nI have said this many times before. Politicians mostly run on 4/5 year cycles and are here today gone tomorrow, why have their legacy in the history books spoiled by making decisions. Lets kick cans down the road…leave the decision to the next guy.\r\n\r\nThis is one reason why Greece is in the poor shape it is in right now.\r\n\r\nLike a scene from the Monty Python movie “The Life of Brian”, the Judean Peoples Popular Front’s leader “Reg” (John Cleese) gauges support of his executive committee relating to Roman dominance in his country by asking the question, “What have the Romans ever done for us?”\r\n\r\nIn many bars around Athens the same questions have no doubt been asked many times over – “What has the single-currency and being told what to do by the Germans and the bureaucrats in Brussels ever done for us, where has it got us?” For me now, the answer is irrelevant, we are too far down the road.\r\n\r\nGreece will in my opinion have to default and re-introduce the Drachma as a parallel currency and remove the Euro from circulation. It took a month to bring the Euro in with a parallel situation, it could be just a fast moving it out along with capital controls.\r\n\r\nTHE CONTAGION:\r\n\r\nGreece is out…. who is next?\r\n\r\nSpain, Portugal or Italy who knows? But reading the internet press releases on these countries the far left and far right parties have had enough with German interference and Brussels bureaucracy and ministers from other Eurozone countries telling them what they should be doing and how they should be doing it.\r\n\r\nThere is a contagion Tsunami brewing in Europe and I do not think that Eurozone politicians, never mind the rest of the world realizes how dangerous this is. It will make the financial crash of 2008 look like a teddy bears picnic in comparison. The Eurozone politicians are burying their heads in the sand, they either cannot see or are unwilling to view the big picture.\r\n\r\nWhen you look at some of the existing leaders in Europe, Rahoy (Spain) and Hollande (France) as two good examples, they have zero chance at re-election. If they were to throw their hats in the ring and run again it will be like “Turkeys voting for Christmas” they will get slaughtered politically. There is a very strong anti-Europe undercurrent that places the entire Eurozone project in jeopardy.\r\n\r\nGreece has been badly managed from day one and to add insult to injury repeatedly poor decisions were made to just make matters worse. The negotiators would be sacked in a private business. In politics they are rewarded with luxury travel and fully functional expense account.\r\n\r\nIf there is a can kicking exercise or a straight default and exit, there will be a contagion effect in play and it will have been brought about entirely by amateurish negotiations and agreements from day one with respect to Greece.\r\n\r\nThis is the Eurozone…\r\n\r\nWelcome to Eurozone…the assassins of hope in negotiations and credible settlements.\r\n\r\nContagion here we come….\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:\r\n\r\n</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\n</u>\r\n\r\nEMANATING FROM TRADE SET-UPS - 2015 to date:\r\n\r\n<u>MICRO LOT TRADER</u> - 401 trades cost to trade = $40.10\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$570.60</u></strong>\r\n\r\n<u>MINI LOT TRADER</u> - 401 trades cost to trade = $410.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$5,706.00</u></strong>\r\n\r\n<u>STANDARD LOT TRADER</u> - 401 trades cost to trade = $4,100.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$57,060.00</u></strong>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\"><img class=\"aligncenter size-full wp-image-6122\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\" alt=\"PREM SERV PROFITS1 14062015\" width=\"455\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\"><img class=\"aligncenter size-full wp-image-6123\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\" alt=\"PREM SERV PROFITS2 14062015\" width=\"460\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\nThis section will return after the summer break.\r\n\r\n&nbsp;\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\nDuring the past week mostly just FLASH TRADES were undertaken, with me just taking relatively shorter-term trades seizing on market opportunities as they came up rather than committing to RADAR TRADES that were pre-planned ahead.\r\n\r\nThis policy will continue until après GREECE.\r\n\r\nNothing much has changed from last week except that this week we have a FOMC Press Conference. I expect trading to be very light ahead of the FOMC news event and whether or not this one delivers clear and unambiguous facts it will be heavily scrutinized and debated until “the cows come home”.\r\n\r\nExpect more NZD trades and cross-rate trades in the coming days, as I stay clear of the EUR, CHF and GBP.\r\n\r\nI outlined my plan moving forward based on my FUNDAMENTAL views several weeks ago and decided to postpone the implementation until after GREECE was resolved whether by creditor haircuts, default, can–kicking extension, full blown bailout (ACT III) – whatever.\r\n\r\nThe only slight changes surround the AUD currency. My approach regarding the EUR, CHF and NZD stand as before and frankly when you add up the potential number of pairs than can be traded using just these three currencies it is enough to keep me 100% occupied.\r\n\r\nAs mentioned to one or two of you over the past two weeks or so, there will be FUNDAMENTAL TRADES and RADAR TRADES probably on the same entries, the RADAR TRADES will be more like swing trades for $$$ to keep the broker accounts moving and the FUNDAMENTAL TRADES should be smaller position sizes for what I am hoping will be longer-term trades.\r\n\r\nThat is my plan and these are the currency pairs that I have charts pre-done and ready and waiting for the FOMC and GREECE to be out of the way.\r\n\r\nShort: EUR/USD, EUR/JPY and EUR/GBP\r\n\r\nLong: USD/CHF, EUR/CHF, GBP/CHF and possibly USD/CAD.\r\n\r\nPlus, ahead of the news items the following pairs are on my RADAR.\r\n\r\nShort: NZD/USD and possibly NZD/CAD.\r\n\r\nLong: AUD/NZD with possibly either EUR/NZD or GBP/NZD.\r\n\r\nAs you all know, one has to react at the time the news and/or technicals line up and some trades may be more obvious than others, but I really feel positive moving forward into the fall/autumn period with my plan that I have ready to launch. I just hope that this summer’s trading environment is not like last year.\r\n\r\n&nbsp;\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\nThere are currently no LIVE trades.\r\n\r\n&nbsp;\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u>\r\n\r\n(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.\r\n\r\nI 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).\r\n\r\nThere are currently no LIMIT order trades in position with brokers.\r\n\r\n&nbsp;\r\n\r\n<u>4.5 – ARMEGEDDON “GOLDEN” TRADES:</u>\r\n\r\n(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).\r\n\r\nGOLDEN TRADE #001\r\nUSD/CAD:\r\nEnter long at 1.1930.\r\n\r\nThe weekly chart below shows this level to have held as support of pretty much 4 weeks out of the past 21 weeks. I remember writing in this blog about how annoyed I was to have missed the entry at this level on a couple of occasions. Maybe to have it noted here in this format will have myself on RED ALERT should this pair drift lower towards this potential level again.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GOLDEN-TRADE-001-W-USDCAD-14062015.png\"><img class=\"aligncenter size-large wp-image-6137\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GOLDEN-TRADE-001-W-USDCAD-14062015-1024x546.png\" alt=\"GOLDEN TRADE #001 W USDCAD 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>4.6 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n(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)\r\n\r\n<u>THIS WEEKS OVERVIEW:</u>\r\n\r\nAs explained earlier, I will be very light on trades this week ahead of the FOMC and therefore only a few pairs are on my RADAR and, as a result only a few charts interest me this week.\r\n\r\nThis week, servers were down at FX PRO so I am using an MT4 provider to produce the charts and my comments this week are above the charts rather than being contained on the charts themselves.\r\n\r\nNZD/USD (240 MINUTES):\r\nThis pair is very bearish, and, on the chart below you can clearly see a down trending channel. Channel support is at 0.6900.\r\nI am looking to enter on a pullback to, if we can get it 0.7030 or thereabouts. The big RED candle was the usual type of weekly closing candle.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSDH414062015.png\"><img class=\"aligncenter size-large wp-image-6142\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSDH414062015-1024x444.png\" alt=\"NZDUSDH414062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/NZD (MONTHLY):\r\n\r\nWe saw huge reverse moves last week adding to what was already a big move off a strike at parity three months ago. It looks like a strike at the 100% retracement of the move to parity is on at 1.1300. Given the dovish position of the RBNZ and the neutral position of the RBA this pair is a great long trade opportunity. The bonus is that it is really unaffected by whatever happens regarding the FOMC and GREECE given its geographical position.\r\n\r\nI am hoping for a pullback to 1.0950 to enter long.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDNZDMonthly14062015.png\"><img class=\"aligncenter size-large wp-image-6138\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDNZDMonthly14062015-1024x444.png\" alt=\"AUDNZDMonthly14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/CAD (DAILY):\r\n\r\nI am really working to Fibonacci extensions with this pair. I am looking at this pair but feel that I have missed this trade and need to let it go by. I feel that there will be plenty of people trying to enter long at 0.8500 the 161.8% extension, and whilst this may be a trade for some people it is NOT for me. The last thing that I want is to be long the Kiwi. A pullback to 0.8720 and it looks like a good short opportunity once again.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDCADDaily14062015.png\"><img class=\"aligncenter size-large wp-image-6141\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDCADDaily14062015-1024x444.png\" alt=\"NZDCADDaily14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/CAD (DAILY):\r\n\r\nWe are heading back towards the recent highs of 1.9220. This is a key level, then we have previous good resistance at 1.9350. I believe that there is the potential for a run at 2.000, but there are several factors to consider. The reaction of the cable should the EUR fall. The cross–rate effect of the EUR/GBP and how will the CAD react. Falling Oil prices look to be maybe not with us totally until after the peak summer driving season, but irrespective of this the demand for Oil is still lower. A move back to just below 0.9100 might be the place to try a long trade. There are lots of confluences around present levels and up to 1.9350 so price action would be choppy moving higher. However, as you know this pair can motor on up 200 pips without blinking an eye. It is on my RADAR.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCADDaily14062015.png\"><img class=\"aligncenter size-large wp-image-6139\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCADDaily14062015-1024x444.png\" alt=\"GBPCADDaily14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/NZD (MONTHLY):\r\n\r\nWhen I first started trading FX, this pair was around 2.9000. The great unwind trade is underway and I feel that about 5,000 pips of a move has already happened since November 2012. The good news is that potentially “the unwind” could reach 2.4600 – 2.5000, which means that there is just under 3,000 left. This pair is volatile, and when you consider that on the back of surprise rate cut it rallied almost 500 pips in about five minutes, never rule anything out with this pair.\r\n\r\nPre RBNZ I was looking for 2.1050 or 2.1300 to enter long. We now sit above 2.2200!! I am hoping, praying that a move back to 2.1800 to 2.2000 will happen to enable an entry.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZDMonthly14062015.png\"><img class=\"aligncenter size-large wp-image-6140\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZDMonthly14062015-1024x444.png\" alt=\"GBPNZDMonthly14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.7 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-14062015.png\"><img class=\"aligncenter size-full wp-image-6129\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-14062015.png\" alt=\"PS TRENDING PAIRS 14062015\" width=\"397\" height=\"511\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>4.8 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n&nbsp;\r\n\r\n<strong><u>EUR/USD: Closing Price 1.1265</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6135\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-14062015-1024x546.png\" alt=\"EURUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>GBP/USD: Closing Price 1.5561</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6134\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-14062015-1024x546.png\" alt=\"GBPUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>AUD/USD: Closing Price 0.7728</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6136\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-14062015-1024x546.png\" alt=\"AUDUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>NZD/USD: Closing Price 0.6964</u></strong><u>   </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6133\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-14062015-1024x546.png\" alt=\"NZDUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CAD: Closing Price 1.2319</u></strong><u>   </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6132\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-14062015-1024x546.png\" alt=\"USDCAD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CHF: Closing Price 0.9243</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6131\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-14062015-1024x546.png\" alt=\"USDCHF W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/JPY: Closing Price 123.33 </u></strong><u> </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6130\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-14062015-1024x546.png\" alt=\"USDJPY W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> MY FINAL THOUGHTS: </u></strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nPersonally, I am going to continue my recent short-term plan of trading very light, especially going into a week when not only do we have a FOMC statement, economic indicators and a Janet Yellen press conference, plus, we have the potential of a GREECE end game playing out.\r\n\r\nI have traded light for the past three weeks, I see absolutely no reason to change now given the intensity of news is even higher. In fact it would be rather foolish to change now.\r\n\r\nWith high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 14th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','THE CONTAGION APPROACHES…','','inherit','open','closed','','6143-revision-v1','','','2015-06-13 11:46:55','2015-06-13 16:46:55','',6143,'https://weeklyfxdrivethru.com/6143-revision-v1/',0,'revision','',0),(6145,1,'2015-06-13 11:49:19','2015-06-13 16:49:19','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 14.06.2015\r\nREFERENCE: #64\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nYet another week when I felt that I was in suspended animation looking down on the markets waiting for the GREECE news to break. Only 11 trades via the PREMIUM SERVICE last week, the net result was positive, so I should not complain when adding profits to the broker accounts. Like many other traders the “woulda, coulda, shoulda” scenario comes into play and you always feel that you could have extracted more from a trade or maybe you closed it too early or too late, the bottom line is the accounts balances have grown.\r\n\r\nSo, like last week because of the geopolitical news I have no LIVE trades and no limit orders in position. I am 100% in cash on the sidelines. I have several long and short options ready to trade on the GREECE news; my TRADING PLAN is ready to roll as soon as we have a GREECE news event. As a Forex trader one of the key factors to success is to have your A and B plan ready to go.\r\n\r\n1.1.2 – GREECE:\r\n\r\nAnother week has passed, the rhetoric has grown and according to the press release after a three way meeting between Merkel, Hollande and Tsipras, they are now going to intensify their negotiations, this means “We must try harder”.\r\n\r\nLast Thursday the IMF left the negotiation table, obviously they have had enough. One must imagine “ The Pitbull” (Schaeuble) will be let loose soon to put the final nails in the coffin of the GREECE participation in the single currency.\r\n\r\nAllegedly, GREECE needs a deal by the next EUROGROUP meeting on June 18<sup>th</sup> and the current bailout program expires on June 30<sup>th</sup> 2015.\r\n\r\nI have not changed my view on this subject for well over 12 months now that GREECE’s creditors must take a haircut or GREECE will just have no alternative but to default. I still believe Drachmas will be circulating again very soon.\r\n\r\nThe vultures are circling above Athens and for me this news event is getting as boring as the FED rate hike.\r\n\r\nFor God’s sake, GREECE just default and Yellen just move up rates and put us out of our misery…\r\n\r\n1.1.3 – RBNZ:\r\n\r\nThe RBA removed the dovish commentary at their last Central Bank policy statement.\r\n\r\nLast week the RBNZ went so accommodative and dovish I thought that Graeme Wheeler, RBNZ governor, has been on “whacky tobaccy”. His words and the statement were consistent for the first time in months and the surprise rate cut with more to follow sent the NZD into a tailspin.\r\n\r\nThe GBP/NZD moved up about 450 pips on the news, the AUD/NZD almost 200 pips, big moves also with the NZD/USD, NZD/CAD and the EUR/NZD.\r\n\r\nThe market did not expect the rate cut and they certainly did not expect the commentary to run alongside, hence the savage moves.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</u><u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Draghi spouts words of wisdom.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP - CPi.\r\nTUESDAY: NZD – Dairy Auction Results.\r\n\r\nWEDNESDAY: GBP – Unemployment Data.\r\nWEDNESDAY: USD – FOMC Statement / FED Funds Rate &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – SNB Monetary Policy Statement and Press Conference.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – CPi and Core CPi.\r\n\r\nFRIDAY: CAD – Core CPI and Core Retail Sales.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nThe FOMC dominates the news this week. The markets will be looking for clues as to when the FED funds rate will be increased in line with FED policy. The language from the statement will be analyzed and the press conference should contain several questions and explanations about the vocabulary used by the FED in the statement so that the markets can establish a better understanding of when the rate hike will occur.\r\n\r\nMost money is now on September or October. No one believes it will happen this week; but do NOT rule anything out. They could still raise in June, she has the press conference to elaborate and explain fully the FED reasons.\r\n\r\nI think from a safety perspective as Q4 is usually a great month for economic data in the U.S. the FED will raise just before Q4 so that any impact of the rate hike will be absorbed in a good quarter’s data. Having written this, I would not be totally surprised if they are raised this week. The get the damn thing out of the way approach and shut the feckers up on Wall Street.\r\n\r\nLets see what happens. I just hope that we are not still 100% in the dark at 3.00PM (EDT) on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI have now been almost on gardening leave for three weeks as I decided to step aside and wait for the impending GREECE news to hit the wires. There were delays, clumping together of payments due, meetings set and re-set over and over again. I just felt that the best policy was to stay away and wait. Basically, I have been very light on trading anything EUR or CHF, with even restraint on GBP related trades.\r\n\r\nMy trades have mostly therefore been NZD related. I am still not 100% comfortable with the JPY and the AUD has been a chop fest. All in all, to pare back on trading probably could not have come at a better time.\r\n\r\nSo, with this extra time on my hands I have been speaking on email and SKYPE with a few of my subscribers to the PREMIUM SERVICE about all things Forex.\r\n\r\nFor fun a while back when the markets were looking very stretched, I talked about ARMEGEDDON TRADES from the perspective of if stops were pushed and the markets capitulated due to extreme conditions how far did I think that certain pairs could go before a two-sided market in a particular pair would reappear?\r\n\r\nWe talked mainly about the USD/CHF and EUR/CHF. I think that after the GREECE news is announced the CHF has the potential to be a very directional currency to trade against most currencies, in particular, the USD, EUR, GBP, AUD and to a lesser extent the JPY. The problems is setting what you think are the lowest of lows; they are either too low or not low enough. Either way it is not good to place LIMIT ORDERS as they either never get triggered in which case your opportunity to make money is removed or the positions are set to too close to the current market, so the trades trigger and the currency still moves against your direction and you incur losses as the stop is too close. You really have to be around to read the news and be ready to enter based on a sound basis. I did however say that in my mind most of the time I have my golden prices that I would love to see pairs hit once again from which to enter trades. I have these listed later in section 4.5 for my subscribers only and I will leave these listed for forthcoming blogs.\r\n\r\nI am not sure what real benefit or purpose this will serve but it will be done. It’s sort of similar to the coming year ahead predictions that many of the financial institutions provide. Mainly total bulls**t but fun to read.\r\n\r\nSumming up my conversations with subscribers, most are finding this a stop / start market although, surprisingly over the past two to three weeks some have felt the market more forgiving of poor entries than in the early part of 2015. I totally agree.\r\n\r\nAs you know from a few weeks ago, I highlighted my TRADING PLAN après GREECE. It is on hold until après GREECE but it is ready to go.\r\n\r\nI have referred to the plan in section 4.2 for my GOLD and SILVER subscribers, as there has been the inevitable tweaking going on.\r\n\r\nBeing a trader having your plan is half the battle. As I mentioned to a few of you referring to the ARMEGGEDON trades to have these in play après GREECE would be the icing on the cake!!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE CONTAGION APPROACHES...</strong></h3>\r\nAs a child if I wanted a new toy or something similar, my father, an ex UK policeman, would often respond to my childlike continual bleating for whatever I wanted by saying “Change the record over – play something else” (That dates my age a little, although vinyl is making a comeback of immense proportions, lets hope in the future the USD/CHF and GBP/NZD do the same!!).\r\n\r\nI feel with regards to GREECE it’s all been said already, remixed, put out on a 12” with a few bonus cuts and to make more relevant and generate more interest put in a box set with multiple versions and booklets etc.\r\n\r\nHowever, I am not seeing the word “contagion” enough. All I see is Tsipras this and Varoufakis that, plus Merkel and Hollande (the modern day Laurel and Hardy), Weidmann (Bundesbank), Schaeuble (The Pitbull), Dijsselbloem (Chairman of the Eurogroup Finance Ministers) and Donald Tusk (Council President) regurgitating the same old, same old statements. Greece needs to make more cuts into pensions and raise more taxes and make more reforms. This is really tough medicine for Greece, and, frankly the IMF walking away from the negotiations last Thursday was a significant event even though they claim they are in the negotiations from a distance…yeah that\'s right, 3,500 miles away in the negotiations. In the negotiations my a**e.\r\n\r\nNo one is really privy to the true actual state of the Greek financial position. We do know, or rather are led to believe that it is dire, and, I do not doubt that.\r\n\r\nWhat we are sometimes missing is the seriousness of the political situation back in Greece as we focus on the true effects of the contagion. Tsipras, has to sell whatever deal he may get from the Eurogroup and Laurel and Hardy back to his parliament before the end of the month. The Syriza party was elected on a very specific mandate that a large group of the party want to stick to no matter what.\r\n\r\nTalks in Brussels and Frankfurt may have been irrelevant from day one. Feelings and tensions in Greece are obviously running high; pressure groups are making their feelings known. PAME the communist labour union increased its profile by recently demonstrating inside the Greek Finance Ministry with comments and banners along the lines of “We’ve bled enough” “We’ve paid enough” “Give Greece back to the Greeks”. Looking wider afield the latest opinion poll that I could find was by a group called Marc polling. It says that 50% of Greeks want Tsipras to accept any deal from the Eurozone and 38% support Tsipras’s continued resistance.\r\n\r\nUncertainty or what?\r\n\r\nThere simply isn’t enough time left to do a deal and satisfy all parties in my opinion. I have stated from day one, months and months ago, that Greece has no money and it cannot afford the terms laid down by the Dijsselbloem, or the lame comments from Laurel and Hardy coupled with the ankle snapping comments by the pitbull. A default and exit from the single-currency is the only option.\r\n\r\nHowever, what has me perplexed is that the fear of contagion no matter what happens never seems to concern the Eurozone heads at all. I think the chairman of the World Bank, or some similar obscure body talked about contagion risks last week but apart from his comments - nada.\r\n\r\nAs we all know, the Eurozone leaders are basically a set of ostriches that bury their heads in the sand when it comes to tough decisions. God love them, they are not business people, they are just politicians.\r\n\r\n<strong>Politicians are NOT problem solvers but blame attributers</strong>\r\n\r\nI have said this many times before. Politicians mostly run on 4/5 year cycles and are here today gone tomorrow, why have their legacy in the history books spoiled by making decisions. Lets kick cans down the road…leave the decision to the next guy.\r\n\r\nThis is one reason why Greece is in the poor shape it is in right now.\r\n\r\nLike a scene from the Monty Python movie “The Life of Brian”, the Judean Peoples Popular Front’s leader “Reg” (John Cleese) gauges support of his executive committee relating to Roman dominance in his country by asking the question, “What have the Romans ever done for us?”\r\n\r\nIn many bars around Athens the same questions have no doubt been asked many times over – “What has the single-currency and being told what to do by the Germans and the bureaucrats in Brussels ever done for us, where has it got us?” For me now, the answer is irrelevant, we are too far down the road.\r\n\r\nGreece will in my opinion have to default and re-introduce the Drachma as a parallel currency and remove the Euro from circulation. It took a month to bring the Euro in with a parallel situation, it could be just a fast moving it out along with capital controls.\r\n\r\nTHE CONTAGION:\r\n\r\nGreece is out…. who is next?\r\n\r\nSpain, Portugal or Italy who knows? But reading the internet press releases on these countries the far left and far right parties have had enough with German interference and Brussels bureaucracy and ministers from other Eurozone countries telling them what they should be doing and how they should be doing it.\r\n\r\nThere is a contagion Tsunami brewing in Europe and I do not think that Eurozone politicians, never mind the rest of the world realizes how dangerous this is. It will make the financial crash of 2008 look like a teddy bears picnic in comparison. The Eurozone politicians are burying their heads in the sand, they either cannot see or are unwilling to view the big picture.\r\n\r\nWhen you look at some of the existing leaders in Europe, Rahoy (Spain) and Hollande (France) as two good examples, they have zero chance at re-election. If they were to throw their hats in the ring and run again it will be like “Turkeys voting for Christmas” they will get slaughtered politically. There is a very strong anti-Europe undercurrent that places the entire Eurozone project in jeopardy.\r\n\r\nGreece has been badly managed from day one and to add insult to injury repeatedly poor decisions were made to just make matters worse. The negotiators would be sacked in a private business. In politics they are rewarded with luxury travel and fully functional expense account.\r\n\r\nIf there is a can kicking exercise or a straight default and exit, there will be a contagion effect in play and it will have been brought about entirely by amateurish negotiations and agreements from day one with respect to Greece.\r\n\r\nThis is the Eurozone…\r\n\r\nWelcome to Eurozone…the assassins of hope in negotiations and credible settlements.\r\n\r\nContagion here we come….\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><u> THE PREMIUM SERVICE:</u></strong>&nbsp;</li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n&nbsp;\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</u>\r\n\r\n&nbsp;\r\n\r\nEMANATING FROM TRADE SET-UPS - 2015 to date:\r\n\r\n<u>MICRO LOT TRADER</u> - 401 trades cost to trade = $40.10\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$570.60</u></strong>\r\n\r\n<u>MINI LOT TRADER</u> - 401 trades cost to trade = $410.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$5,706.00</u></strong>\r\n\r\n<u>STANDARD LOT TRADER</u> - 401 trades cost to trade = $4,100.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$57,060.00</u></strong>\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\"><img class=\"aligncenter size-full wp-image-6122\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\" alt=\"PREM SERV PROFITS1 14062015\" width=\"455\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\"><img class=\"aligncenter size-full wp-image-6123\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\" alt=\"PREM SERV PROFITS2 14062015\" width=\"460\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\nThis section will return after the summer break.\r\n\r\n&nbsp;\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\nDuring the past week mostly just FLASH TRADES were undertaken, with me just taking relatively shorter-term trades seizing on market opportunities as they came up rather than committing to RADAR TRADES that were pre-planned ahead.\r\n\r\nThis policy will continue until après GREECE.\r\n\r\nNothing much has changed from last week except that this week we have a FOMC Press Conference. I expect trading to be very light ahead of the FOMC news event and whether or not this one delivers clear and unambiguous facts it will be heavily scrutinized and debated until “the cows come home”.\r\n\r\nExpect more NZD trades and cross-rate trades in the coming days, as I stay clear of the EUR, CHF and GBP.\r\n\r\nI outlined my plan moving forward based on my FUNDAMENTAL views several weeks ago and decided to postpone the implementation until after GREECE was resolved whether by creditor haircuts, default, can–kicking extension, full blown bailout (ACT III) – whatever.\r\n\r\nThe only slight changes surround the AUD currency. My approach regarding the EUR, CHF and NZD stand as before and frankly when you add up the potential number of pairs than can be traded using just these three currencies it is enough to keep me 100% occupied.\r\n\r\nAs mentioned to one or two of you over the past two weeks or so, there will be FUNDAMENTAL TRADES and RADAR TRADES probably on the same entries, the RADAR TRADES will be more like swing trades for $$$ to keep the broker accounts moving and the FUNDAMENTAL TRADES should be smaller position sizes for what I am hoping will be longer-term trades.\r\n\r\nThat is my plan and these are the currency pairs that I have charts pre-done and ready and waiting for the FOMC and GREECE to be out of the way.\r\n\r\nShort: EUR/USD, EUR/JPY and EUR/GBP\r\n\r\nLong: USD/CHF, EUR/CHF, GBP/CHF and possibly USD/CAD.\r\n\r\nPlus, ahead of the news items the following pairs are on my RADAR.\r\n\r\nShort: NZD/USD and possibly NZD/CAD.\r\n\r\nLong: AUD/NZD with possibly either EUR/NZD or GBP/NZD.\r\n\r\nAs you all know, one has to react at the time the news and/or technicals line up and some trades may be more obvious than others, but I really feel positive moving forward into the fall/autumn period with my plan that I have ready to launch. I just hope that this summer’s trading environment is not like last year.\r\n\r\n&nbsp;\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\nThere are currently no LIVE trades.\r\n\r\n&nbsp;\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u>\r\n\r\n(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.\r\n\r\nI 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).\r\n\r\nThere are currently no LIMIT order trades in position with brokers.\r\n\r\n&nbsp;\r\n\r\n<u>4.5 – ARMEGEDDON “GOLDEN” TRADES:</u>\r\n\r\n(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).\r\n\r\nGOLDEN TRADE #001\r\nUSD/CAD:\r\nEnter long at 1.1930.\r\n\r\nThe weekly chart below shows this level to have held as support of pretty much 4 weeks out of the past 21 weeks. I remember writing in this blog about how annoyed I was to have missed the entry at this level on a couple of occasions. Maybe to have it noted here in this format will have myself on RED ALERT should this pair drift lower towards this potential level again.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GOLDEN-TRADE-001-W-USDCAD-14062015.png\"><img class=\"aligncenter size-large wp-image-6137\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GOLDEN-TRADE-001-W-USDCAD-14062015-1024x546.png\" alt=\"GOLDEN TRADE #001 W USDCAD 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>4.6 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n(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)\r\n\r\n<u>THIS WEEKS OVERVIEW:</u>\r\n\r\nAs explained earlier, I will be very light on trades this week ahead of the FOMC and therefore only a few pairs are on my RADAR and, as a result only a few charts interest me this week.\r\n\r\nThis week, servers were down at FX PRO so I am using an MT4 provider to produce the charts and my comments this week are above the charts rather than being contained on the charts themselves.\r\n\r\nNZD/USD (240 MINUTES):\r\nThis pair is very bearish, and, on the chart below you can clearly see a down trending channel. Channel support is at 0.6900.\r\nI am looking to enter on a pullback to, if we can get it 0.7030 or thereabouts. The big RED candle was the usual type of weekly closing candle.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSDH414062015.png\"><img class=\"aligncenter size-large wp-image-6142\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSDH414062015-1024x444.png\" alt=\"NZDUSDH414062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/NZD (MONTHLY):\r\n\r\nWe saw huge reverse moves last week adding to what was already a big move off a strike at parity three months ago. It looks like a strike at the 100% retracement of the move to parity is on at 1.1300. Given the dovish position of the RBNZ and the neutral position of the RBA this pair is a great long trade opportunity. The bonus is that it is really unaffected by whatever happens regarding the FOMC and GREECE given its geographical position.\r\n\r\nI am hoping for a pullback to 1.0950 to enter long.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDNZDMonthly14062015.png\"><img class=\"aligncenter size-large wp-image-6138\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDNZDMonthly14062015-1024x444.png\" alt=\"AUDNZDMonthly14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/CAD (DAILY):\r\n\r\nI am really working to Fibonacci extensions with this pair. I am looking at this pair but feel that I have missed this trade and need to let it go by. I feel that there will be plenty of people trying to enter long at 0.8500 the 161.8% extension, and whilst this may be a trade for some people it is NOT for me. The last thing that I want is to be long the Kiwi. A pullback to 0.8720 and it looks like a good short opportunity once again.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDCADDaily14062015.png\"><img class=\"aligncenter size-large wp-image-6141\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDCADDaily14062015-1024x444.png\" alt=\"NZDCADDaily14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/CAD (DAILY):\r\n\r\nWe are heading back towards the recent highs of 1.9220. This is a key level, then we have previous good resistance at 1.9350. I believe that there is the potential for a run at 2.000, but there are several factors to consider. The reaction of the cable should the EUR fall. The cross–rate effect of the EUR/GBP and how will the CAD react. Falling Oil prices look to be maybe not with us totally until after the peak summer driving season, but irrespective of this the demand for Oil is still lower. A move back to just below 0.9100 might be the place to try a long trade. There are lots of confluences around present levels and up to 1.9350 so price action would be choppy moving higher. However, as you know this pair can motor on up 200 pips without blinking an eye. It is on my RADAR.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCADDaily14062015.png\"><img class=\"aligncenter size-large wp-image-6139\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCADDaily14062015-1024x444.png\" alt=\"GBPCADDaily14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/NZD (MONTHLY):\r\n\r\nWhen I first started trading FX, this pair was around 2.9000. The great unwind trade is underway and I feel that about 5,000 pips of a move has already happened since November 2012. The good news is that potentially “the unwind” could reach 2.4600 – 2.5000, which means that there is just under 3,000 left. This pair is volatile, and when you consider that on the back of surprise rate cut it rallied almost 500 pips in about five minutes, never rule anything out with this pair.\r\n\r\nPre RBNZ I was looking for 2.1050 or 2.1300 to enter long. We now sit above 2.2200!! I am hoping, praying that a move back to 2.1800 to 2.2000 will happen to enable an entry.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZDMonthly14062015.png\"><img class=\"aligncenter size-large wp-image-6140\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZDMonthly14062015-1024x444.png\" alt=\"GBPNZDMonthly14062015\" width=\"1024\" height=\"444\" /></a>\r\n\r\n&nbsp;\r\n\r\n<u>4.7 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-14062015.png\"><img class=\"aligncenter size-full wp-image-6129\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-TRENDING-PAIRS-14062015.png\" alt=\"PS TRENDING PAIRS 14062015\" width=\"397\" height=\"511\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<u>4.8 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n&nbsp;\r\n\r\n<strong><u>EUR/USD: Closing Price 1.1265</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6135\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/EURUSD-W-14062015-1024x546.png\" alt=\"EURUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>GBP/USD: Closing Price 1.5561</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6134\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-W-14062015-1024x546.png\" alt=\"GBPUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>AUD/USD: Closing Price 0.7728</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6136\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/AUDUSD-W-14062015-1024x546.png\" alt=\"AUDUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>NZD/USD: Closing Price 0.6964</u></strong><u>   </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6133\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/NZDUSD-W-14062015-1024x546.png\" alt=\"NZDUSD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CAD: Closing Price 1.2319</u></strong><u>   </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6132\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCAD-W-14062015-1024x546.png\" alt=\"USDCAD W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/CHF: Closing Price 0.9243</u></strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6131\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDCHF-W-14062015-1024x546.png\" alt=\"USDCHF W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><u>USD/JPY: Closing Price 123.33 </u></strong><u> </u>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-14062015.png\"><img class=\"aligncenter size-large wp-image-6130\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/USDJPY-W-14062015-1024x546.png\" alt=\"USDJPY W 14062015\" width=\"1024\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> MY FINAL THOUGHTS: </u></strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nPersonally, I am going to continue my recent short-term plan of trading very light, especially going into a week when not only do we have a FOMC statement, economic indicators and a Janet Yellen press conference, plus, we have the potential of a GREECE end game playing out.\r\n\r\nI have traded light for the past three weeks, I see absolutely no reason to change now given the intensity of news is even higher. In fact it would be rather foolish to change now.\r\n\r\nWith high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 14th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','THE CONTAGION APPROACHES…','','inherit','open','closed','','6143-revision-v1','','','2015-06-13 11:49:19','2015-06-13 16:49:19','',6143,'https://weeklyfxdrivethru.com/6143-revision-v1/',0,'revision','',0),(6150,1,'2015-06-13 12:17:04','2015-06-13 17:17:04','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 14.06.2015\r\nREFERENCE: #157\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nYet another week when I felt that I was in suspended animation looking down on the markets waiting for the GREECE news to break. Only 11 trades via the PREMIUM SERVICE last week, the net result was positive, so I should not complain when adding profits to the broker accounts. Like many other traders the “woulda, coulda, shoulda” scenario comes into play and you always feel that you could have extracted more from a trade or maybe you closed it too early or too late, the bottom line is the accounts balances have grown.\r\n\r\nSo, like last week because of the geopolitical news I have no LIVE trades and no limit orders in position. I am 100% in cash on the sidelines. I have several long and short options ready to trade on the GREECE news; my TRADING PLAN is ready to roll as soon as we have a GREECE news event. As a Forex trader one of the key factors to success is to have your A and B plan ready to go.\r\n\r\n1.1.2 – GREECE:\r\n\r\nAnother week has passed, the rhetoric has grown and according to the press release after a three way meeting between Merkel, Hollande and Tsipras, they are now going to intensify their negotiations, this means “We must try harder”.\r\n\r\nLast Thursday the IMF left the negotiation table, obviously they have had enough. One must imagine “ The Pitbull” (Schaeuble) will be let loose soon to put the final nails in the coffin of the GREECE participation in the single currency.\r\n\r\nAllegedly, GREECE needs a deal by the next EUROGROUP meeting on June 18<sup>th</sup> and the current bailout program expires on June 30<sup>th</sup> 2015.\r\n\r\nI have not changed my view on this subject for well over 12 months now that GREECE’s creditors must take a haircut or GREECE will just have no alternative but to default. I still believe Drachmas will be circulating again very soon.\r\n\r\nThe vultures are circling above Athens and for me this news event is getting as boring as the FED rate hike.\r\n\r\nFor God’s sake, GREECE just default and Yellen just move up rates and put us out of our misery…\r\n\r\n1.1.3 – RBNZ:\r\n\r\nThe RBA removed the dovish commentary at their last Central Bank policy statement.\r\n\r\nLast week the RBNZ went so accommodative and dovish I thought that Graeme Wheeler, RBNZ governor, has been on “whacky tobaccy”. His words and the statement were consistent for the first time in months and the surprise rate cut with more to follow sent the NZD into a tailspin.\r\n\r\nThe GBP/NZD moved up about 450 pips on the news, the AUD/NZD almost 200 pips, big moves also with the NZD/USD, NZD/CAD and the EUR/NZD.\r\n\r\nThe market did not expect the rate cut and they certainly did not expect the commentary to run alongside, hence the savage moves.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Draghi spouts words of wisdom.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP - CPi.\r\nTUESDAY: NZD – Dairy Auction Results.\r\n\r\nWEDNESDAY: GBP – Unemployment Data.\r\nWEDNESDAY: USD – FOMC Statement / FED Funds Rate &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – SNB Monetary Policy Statement and Press Conference.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – CPi and Core CPi.\r\n\r\nFRIDAY: CAD – Core CPI and Core Retail Sales.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nThe FOMC dominates the news this week. The markets will be looking for clues as to when the FED funds rate will be increased in line with FED policy. The language from the statement will be analyzed and the press conference should contain several questions and explanations about the vocabulary used by the FED in the statement so that the markets can establish a better understanding of when the rate hike will occur.\r\n\r\nMost money is now on September or October. No one believes it will happen this week; but do NOT rule anything out. They could still raise in June, she has the press conference to elaborate and explain fully the FED reasons.\r\n\r\nI think from a safety perspective as Q4 is usually a great month for economic data in the U.S. the FED will raise just before Q4 so that any impact of the rate hike will be absorbed in a good quarter’s data. Having written this, I would not be totally surprised if they are raised this week. The get the damn thing out of the way approach and shut the feckers up on Wall Street.\r\n\r\nLets see what happens. I just hope that we are not still 100% in the dark at 3.00PM (EDT) on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI have now been almost on gardening leave for three weeks as I decided to step aside and wait for the impending GREECE news to hit the wires. There were delays, clumping together of payments due, meetings set and re-set over and over again. I just felt that the best policy was to stay away and wait. Basically, I have been very light on trading anything EUR or CHF, with even restraint on GBP related trades.\r\n\r\nMy trades have mostly therefore been NZD related. I am still not 100% comfortable with the JPY and the AUD has been a chop fest. All in all, to pare back on trading probably could not have come at a better time.\r\n\r\nSo, with this extra time on my hands I have been speaking on email and SKYPE with a few of my subscribers to the PREMIUM SERVICE about all things Forex.\r\n\r\nFor fun a while back when the markets were looking very stretched, I talked about ARMEGEDDON TRADES from the perspective of if stops were pushed and the markets capitulated due to extreme conditions how far did I think that certain pairs could go before a two-sided market in a particular pair would reappear?\r\n\r\nWe talked mainly about the USD/CHF and EUR/CHF. I think that after the GREECE news is announced the CHF has the potential to be a very directional currency to trade against most currencies, in particular, the USD, EUR, GBP, AUD and to a lesser extent the JPY. The problems is setting what you think are the lowest of lows; they are either too low or not low enough. Either way it is not good to place LIMIT ORDERS as they either never get triggered in which case your opportunity to make money is removed or the positions are set to too close to the current market, so the trades trigger and the currency still moves against your direction and you incur losses as the stop is too close. You really have to be around to read the news and be ready to enter based on a sound basis. I did however say that in my mind most of the time I have my golden prices that I would love to see pairs hit once again from which to enter trades. I have these listed later in section 4.5 for my subscribers only and I will leave these listed for forthcoming blogs.\r\n\r\nI am not sure what real benefit or purpose this will serve but it will be done. It’s sort of similar to the coming year ahead predictions that many of the financial institutions provide. Mainly total bulls**t but fun to read.\r\n\r\nSumming up my conversations with subscribers, most are finding this a stop / start market although, surprisingly over the past two to three weeks some have felt the market more forgiving of poor entries than in the early part of 2015. I totally agree.\r\n\r\nAs you know from a few weeks ago, I highlighted my TRADING PLAN après GREECE. It is on hold until après GREECE but it is ready to go.\r\n\r\nI have referred to the plan in section 4.2 for my GOLD and SILVER subscribers, as there has been the inevitable tweaking going on.\r\n\r\nBeing a trader having your plan is half the battle. As I mentioned to a few of you referring to the ARMAGEDDON trades to have these in play après GREECE would be the icing on the cake!!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE CONTAGION APPROACHES...</strong></p>\r\nAs a child if I wanted a new toy or something similar, my father, an ex UK policeman, would often respond to my childlike continual bleating for whatever I wanted by saying “Change the record over – play something else” (That dates my age a little, although vinyl is making a comeback of immense proportions, lets hope in the future the USD/CHF and GBP/NZD do the same!!).\r\n\r\nI feel with regards to GREECE it’s all been said already, remixed, put out on a 12” with a few bonus cuts and to make more relevant and generate more interest put in a box set with multiple versions and booklets etc.\r\n\r\nHowever, I am not seeing the word “contagion” enough. All I see is Tsipras this and Varoufakis that, plus Merkel and Hollande (the modern day Laurel and Hardy), Weidmann (Bundesbank), Schaeuble (The Pitbull), Dijsselbloem (Chairman of the Eurogroup Finance Ministers) and Donald Tusk (Council President) regurgitating the same old, same old statements. Greece needs to make more cuts into pensions and raise more taxes and make more reforms. This is really tough medicine for Greece, and, frankly the IMF walking away from the negotiations last Thursday was a significant event even though they claim they are in the negotiations from a distance…yeah that\'s right, 3,500 miles away in the negotiations. In the negotiations my a**e.\r\n\r\nNo one is really privy to the true actual state of the Greek financial position. We do know, or rather are led to believe that it is dire, and, I do not doubt that.\r\n\r\nWhat we are sometimes missing is the seriousness of the political situation back in Greece as we focus on the true effects of the contagion. Tsipras, has to sell whatever deal he may get from the Eurogroup and Laurel and Hardy back to his parliament before the end of the month. The Syriza party was elected on a very specific mandate that a large group of the party want to stick to no matter what.\r\n\r\nTalks in Brussels and Frankfurt may have been irrelevant from day one. Feelings and tensions in Greece are obviously running high; pressure groups are making their feelings known. PAME the communist labour union increased its profile by recently demonstrating inside the Greek Finance Ministry with comments and banners along the lines of “We’ve bled enough” “We’ve paid enough” “Give Greece back to the Greeks”. Looking wider afield the latest opinion poll that I could find was by a group called Marc polling. It says that 50% of Greeks want Tsipras to accept any deal from the Eurozone and 38% support Tsipras’s continued resistance.\r\n\r\nUncertainty or what?\r\n\r\nThere simply isn’t enough time left to do a deal and satisfy all parties in my opinion. I have stated from day one, months and months ago, that Greece has no money and it cannot afford the terms laid down by the Dijsselbloem, or the lame comments from Laurel and Hardy coupled with the ankle snapping comments by the pitbull. A default and exit from the single-currency is the only option.\r\n\r\nHowever, what has me perplexed is that the fear of contagion no matter what happens never seems to concern the Eurozone heads at all. I think the chairman of the World Bank, or some similar obscure body talked about contagion risks last week but apart from his comments - nada.\r\n\r\nAs we all know, the Eurozone leaders are basically a set of ostriches that bury their heads in the sand when it comes to tough decisions. God love them, they are not business people, they are just politicians.\r\n\r\n<strong>Politicians are NOT problem solvers but blame attributers</strong>\r\n\r\nI have said this many times before. Politicians mostly run on 4/5 year cycles and are here today gone tomorrow, why have their legacy in the history books spoiled by making decisions. Lets kick cans down the road…leave the decision to the next guy.\r\n\r\nThis is one reason why Greece is in the poor shape it is in right now.\r\n\r\nLike a scene from the Monty Python movie “The Life of Brian”, the Judean Peoples Popular Front’s leader “Reg” (John Cleese) gauges support of his executive committee relating to Roman dominance in his country by asking the question, “What have the Romans ever done for us?”\r\n\r\nIn many bars around Athens the same questions have no doubt been asked many times over – “What has the single-currency and being told what to do by the Germans and the bureaucrats in Brussels ever done for us, where has it got us?” For me now, the answer is irrelevant, we are too far down the road.\r\n\r\nGreece will in my opinion have to default and re-introduce the Drachma as a parallel currency and remove the Euro from circulation. It took a month to bring the Euro in with a parallel situation, it could be just a fast moving it out along with capital controls.\r\n\r\nTHE CONTAGION:\r\n\r\nGreece is out…. who is next?\r\n\r\nSpain, Portugal or Italy who knows? But reading the internet press releases on these countries the far left and far right parties have had enough with German interference and Brussels bureaucracy and ministers from other Eurozone countries telling them what they should be doing and how they should be doing it.\r\n\r\nThere is a contagion Tsunami brewing in Europe and I do not think that Eurozone politicians, never mind the rest of the world realizes how dangerous this is. It will make the financial crash of 2008 look like a teddy bears picnic in comparison. The Eurozone politicians are burying their heads in the sand, they either cannot see or are unwilling to view the big picture.\r\n\r\nWhen you look at some of the existing leaders in Europe, Rahoy (Spain) and Hollande (France) as two good examples, they have zero chance at re-election. If they were to throw their hats in the ring and run again it will be like “Turkeys voting for Christmas” they will get slaughtered politically. There is a very strong anti-Europe undercurrent that places the entire Eurozone project in jeopardy.\r\n\r\nGreece has been badly managed from day one and to add insult to injury repeatedly poor decisions were made to just make matters worse. The negotiators would be sacked in a private business. In politics they are rewarded with luxury travel and fully functional expense account.\r\n\r\nIf there is a can kicking exercise or a straight default and exit, there will be a contagion effect in play and it will have been brought about entirely by amateurish negotiations and agreements from day one with respect to Greece.\r\n\r\nThis is the Eurozone…\r\n\r\nWelcome to Eurozone…the assassins of hope in negotiations and credible settlements.\r\n\r\nContagion here we come….\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><u> THE PREMIUM SERVICE:</u></strong>&nbsp;</li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n\r\nEMANATING FROM TRADE SET-UPS - 2015 to date:\r\n\r\n<u>MICRO LOT TRADER</u> - 401 trades cost to trade = $40.10\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$570.60</u></strong>\r\n\r\n<u>MINI LOT TRADER</u> - 401 trades cost to trade = $410.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$5,706.00</u></strong>\r\n\r\n<u>STANDARD LOT TRADER</u> - 401 trades cost to trade = $4,100.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$57,060.00</u></strong>\r\n\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\"><img class=\"aligncenter size-full wp-image-6122\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\" alt=\"PREM SERV PROFITS1 14062015\" width=\"455\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\">\r\n<img class=\"aligncenter size-full wp-image-6123\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\" alt=\"PREM SERV PROFITS2 14062015\" width=\"460\" height=\"415\" />\r\n</a>\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n</u>\r\n<u>4.5 – ARMEGEDDON “GOLDEN” TRADES:</u><u> </u>\r\n\r\n<u>4.6 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n<u>4.7 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.8 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:</u></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nPersonally, I am going to continue my recent short-term plan of trading very light, especially going into a week when not only do we have a FOMC statement, economic indicators and a Janet Yellen press conference, plus, we have the potential of a GREECE end game playing out.\r\n\r\nI have traded light for the past three weeks, I see absolutely no reason to change now given the intensity of news is even higher. In fact it would be rather foolish to change now.\r\n\r\nWith high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 14th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','THE CONTAGION APPROACHES…','','publish','open','closed','','the-contagion-approaches','','','2015-06-13 12:17:04','2015-06-13 17:17:04','',0,'https://weeklyfxdrivethru.com/?p=6150',0,'post','',0),(6151,1,'2015-06-13 12:15:43','2015-06-13 17:15:43','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 14.06.2015\r\nREFERENCE: #157\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nYet another week when I felt that I was in suspended animation looking down on the markets waiting for the GREECE news to break. Only 11 trades via the PREMIUM SERVICE last week, the net result was positive, so I should not complain when adding profits to the broker accounts. Like many other traders the “woulda, coulda, shoulda” scenario comes into play and you always feel that you could have extracted more from a trade or maybe you closed it too early or too late, the bottom line is the accounts balances have grown.\r\n\r\nSo, like last week because of the geopolitical news I have no LIVE trades and no limit orders in position. I am 100% in cash on the sidelines. I have several long and short options ready to trade on the GREECE news; my TRADING PLAN is ready to roll as soon as we have a GREECE news event. As a Forex trader one of the key factors to success is to have your A and B plan ready to go.\r\n\r\n1.1.2 – GREECE:\r\n\r\nAnother week has passed, the rhetoric has grown and according to the press release after a three way meeting between Merkel, Hollande and Tsipras, they are now going to intensify their negotiations, this means “We must try harder”.\r\n\r\nLast Thursday the IMF left the negotiation table, obviously they have had enough. One must imagine “ The Pitbull” (Schaeuble) will be let loose soon to put the final nails in the coffin of the GREECE participation in the single currency.\r\n\r\nAllegedly, GREECE needs a deal by the next EUROGROUP meeting on June 18<sup>th</sup> and the current bailout program expires on June 30<sup>th</sup> 2015.\r\n\r\nI have not changed my view on this subject for well over 12 months now that GREECE’s creditors must take a haircut or GREECE will just have no alternative but to default. I still believe Drachmas will be circulating again very soon.\r\n\r\nThe vultures are circling above Athens and for me this news event is getting as boring as the FED rate hike.\r\n\r\nFor God’s sake, GREECE just default and Yellen just move up rates and put us out of our misery…\r\n\r\n1.1.3 – RBNZ:\r\n\r\nThe RBA removed the dovish commentary at their last Central Bank policy statement.\r\n\r\nLast week the RBNZ went so accommodative and dovish I thought that Graeme Wheeler, RBNZ governor, has been on “whacky tobaccy”. His words and the statement were consistent for the first time in months and the surprise rate cut with more to follow sent the NZD into a tailspin.\r\n\r\nThe GBP/NZD moved up about 450 pips on the news, the AUD/NZD almost 200 pips, big moves also with the NZD/USD, NZD/CAD and the EUR/NZD.\r\n\r\nThe market did not expect the rate cut and they certainly did not expect the commentary to run alongside, hence the savage moves.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Draghi spouts words of wisdom.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP - CPi.\r\nTUESDAY: NZD – Dairy Auction Results.\r\n\r\nWEDNESDAY: GBP – Unemployment Data.\r\nWEDNESDAY: USD – FOMC Statement / FED Funds Rate &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – SNB Monetary Policy Statement and Press Conference.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – CPi and Core CPi.\r\n\r\nFRIDAY: CAD – Core CPI and Core Retail Sales.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nThe FOMC dominates the news this week. The markets will be looking for clues as to when the FED funds rate will be increased in line with FED policy. The language from the statement will be analyzed and the press conference should contain several questions and explanations about the vocabulary used by the FED in the statement so that the markets can establish a better understanding of when the rate hike will occur.\r\n\r\nMost money is now on September or October. No one believes it will happen this week; but do NOT rule anything out. They could still raise in June, she has the press conference to elaborate and explain fully the FED reasons.\r\n\r\nI think from a safety perspective as Q4 is usually a great month for economic data in the U.S. the FED will raise just before Q4 so that any impact of the rate hike will be absorbed in a good quarter’s data. Having written this, I would not be totally surprised if they are raised this week. The get the damn thing out of the way approach and shut the feckers up on Wall Street.\r\n\r\nLets see what happens. I just hope that we are not still 100% in the dark at 3.00PM (EDT) on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI have now been almost on gardening leave for three weeks as I decided to step aside and wait for the impending GREECE news to hit the wires. There were delays, clumping together of payments due, meetings set and re-set over and over again. I just felt that the best policy was to stay away and wait. Basically, I have been very light on trading anything EUR or CHF, with even restraint on GBP related trades.\r\n\r\nMy trades have mostly therefore been NZD related. I am still not 100% comfortable with the JPY and the AUD has been a chop fest. All in all, to pare back on trading probably could not have come at a better time.\r\n\r\nSo, with this extra time on my hands I have been speaking on email and SKYPE with a few of my subscribers to the PREMIUM SERVICE about all things Forex.\r\n\r\nFor fun a while back when the markets were looking very stretched, I talked about ARMEGEDDON TRADES from the perspective of if stops were pushed and the markets capitulated due to extreme conditions how far did I think that certain pairs could go before a two-sided market in a particular pair would reappear?\r\n\r\nWe talked mainly about the USD/CHF and EUR/CHF. I think that after the GREECE news is announced the CHF has the potential to be a very directional currency to trade against most currencies, in particular, the USD, EUR, GBP, AUD and to a lesser extent the JPY. The problems is setting what you think are the lowest of lows; they are either too low or not low enough. Either way it is not good to place LIMIT ORDERS as they either never get triggered in which case your opportunity to make money is removed or the positions are set to too close to the current market, so the trades trigger and the currency still moves against your direction and you incur losses as the stop is too close. You really have to be around to read the news and be ready to enter based on a sound basis. I did however say that in my mind most of the time I have my golden prices that I would love to see pairs hit once again from which to enter trades. I have these listed later in section 4.5 for my subscribers only and I will leave these listed for forthcoming blogs.\r\n\r\nI am not sure what real benefit or purpose this will serve but it will be done. It’s sort of similar to the coming year ahead predictions that many of the financial institutions provide. Mainly total bulls**t but fun to read.\r\n\r\nSumming up my conversations with subscribers, most are finding this a stop / start market although, surprisingly over the past two to three weeks some have felt the market more forgiving of poor entries than in the early part of 2015. I totally agree.\r\n\r\nAs you know from a few weeks ago, I highlighted my TRADING PLAN après GREECE. It is on hold until après GREECE but it is ready to go.\r\n\r\nI have referred to the plan in section 4.2 for my GOLD and SILVER subscribers, as there has been the inevitable tweaking going on.\r\n\r\nBeing a trader having your plan is half the battle. As I mentioned to a few of you referring to the ARMEGGEDON trades to have these in play après GREECE would be the icing on the cake!!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE CONTAGION APPROACHES...</strong></p>\r\nAs a child if I wanted a new toy or something similar, my father, an ex UK policeman, would often respond to my childlike continual bleating for whatever I wanted by saying “Change the record over – play something else” (That dates my age a little, although vinyl is making a comeback of immense proportions, lets hope in the future the USD/CHF and GBP/NZD do the same!!).\r\n\r\nI feel with regards to GREECE it’s all been said already, remixed, put out on a 12” with a few bonus cuts and to make more relevant and generate more interest put in a box set with multiple versions and booklets etc.\r\n\r\nHowever, I am not seeing the word “contagion” enough. All I see is Tsipras this and Varoufakis that, plus Merkel and Hollande (the modern day Laurel and Hardy), Weidmann (Bundesbank), Schaeuble (The Pitbull), Dijsselbloem (Chairman of the Eurogroup Finance Ministers) and Donald Tusk (Council President) regurgitating the same old, same old statements. Greece needs to make more cuts into pensions and raise more taxes and make more reforms. This is really tough medicine for Greece, and, frankly the IMF walking away from the negotiations last Thursday was a significant event even though they claim they are in the negotiations from a distance…yeah that\'s right, 3,500 miles away in the negotiations. In the negotiations my a**e.\r\n\r\nNo one is really privy to the true actual state of the Greek financial position. We do know, or rather are led to believe that it is dire, and, I do not doubt that.\r\n\r\nWhat we are sometimes missing is the seriousness of the political situation back in Greece as we focus on the true effects of the contagion. Tsipras, has to sell whatever deal he may get from the Eurogroup and Laurel and Hardy back to his parliament before the end of the month. The Syriza party was elected on a very specific mandate that a large group of the party want to stick to no matter what.\r\n\r\nTalks in Brussels and Frankfurt may have been irrelevant from day one. Feelings and tensions in Greece are obviously running high; pressure groups are making their feelings known. PAME the communist labour union increased its profile by recently demonstrating inside the Greek Finance Ministry with comments and banners along the lines of “We’ve bled enough” “We’ve paid enough” “Give Greece back to the Greeks”. Looking wider afield the latest opinion poll that I could find was by a group called Marc polling. It says that 50% of Greeks want Tsipras to accept any deal from the Eurozone and 38% support Tsipras’s continued resistance.\r\n\r\nUncertainty or what?\r\n\r\nThere simply isn’t enough time left to do a deal and satisfy all parties in my opinion. I have stated from day one, months and months ago, that Greece has no money and it cannot afford the terms laid down by the Dijsselbloem, or the lame comments from Laurel and Hardy coupled with the ankle snapping comments by the pitbull. A default and exit from the single-currency is the only option.\r\n\r\nHowever, what has me perplexed is that the fear of contagion no matter what happens never seems to concern the Eurozone heads at all. I think the chairman of the World Bank, or some similar obscure body talked about contagion risks last week but apart from his comments - nada.\r\n\r\nAs we all know, the Eurozone leaders are basically a set of ostriches that bury their heads in the sand when it comes to tough decisions. God love them, they are not business people, they are just politicians.\r\n\r\n<strong>Politicians are NOT problem solvers but blame attributers</strong>\r\n\r\nI have said this many times before. Politicians mostly run on 4/5 year cycles and are here today gone tomorrow, why have their legacy in the history books spoiled by making decisions. Lets kick cans down the road…leave the decision to the next guy.\r\n\r\nThis is one reason why Greece is in the poor shape it is in right now.\r\n\r\nLike a scene from the Monty Python movie “The Life of Brian”, the Judean Peoples Popular Front’s leader “Reg” (John Cleese) gauges support of his executive committee relating to Roman dominance in his country by asking the question, “What have the Romans ever done for us?”\r\n\r\nIn many bars around Athens the same questions have no doubt been asked many times over – “What has the single-currency and being told what to do by the Germans and the bureaucrats in Brussels ever done for us, where has it got us?” For me now, the answer is irrelevant, we are too far down the road.\r\n\r\nGreece will in my opinion have to default and re-introduce the Drachma as a parallel currency and remove the Euro from circulation. It took a month to bring the Euro in with a parallel situation, it could be just a fast moving it out along with capital controls.\r\n\r\nTHE CONTAGION:\r\n\r\nGreece is out…. who is next?\r\n\r\nSpain, Portugal or Italy who knows? But reading the internet press releases on these countries the far left and far right parties have had enough with German interference and Brussels bureaucracy and ministers from other Eurozone countries telling them what they should be doing and how they should be doing it.\r\n\r\nThere is a contagion Tsunami brewing in Europe and I do not think that Eurozone politicians, never mind the rest of the world realizes how dangerous this is. It will make the financial crash of 2008 look like a teddy bears picnic in comparison. The Eurozone politicians are burying their heads in the sand, they either cannot see or are unwilling to view the big picture.\r\n\r\nWhen you look at some of the existing leaders in Europe, Rahoy (Spain) and Hollande (France) as two good examples, they have zero chance at re-election. If they were to throw their hats in the ring and run again it will be like “Turkeys voting for Christmas” they will get slaughtered politically. There is a very strong anti-Europe undercurrent that places the entire Eurozone project in jeopardy.\r\n\r\nGreece has been badly managed from day one and to add insult to injury repeatedly poor decisions were made to just make matters worse. The negotiators would be sacked in a private business. In politics they are rewarded with luxury travel and fully functional expense account.\r\n\r\nIf there is a can kicking exercise or a straight default and exit, there will be a contagion effect in play and it will have been brought about entirely by amateurish negotiations and agreements from day one with respect to Greece.\r\n\r\nThis is the Eurozone…\r\n\r\nWelcome to Eurozone…the assassins of hope in negotiations and credible settlements.\r\n\r\nContagion here we come….\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><u> THE PREMIUM SERVICE:\r\n\r\n</u></strong></li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n\r\nEMANATING FROM TRADE SET-UPS - 2015 to date:\r\n\r\n<u>MICRO LOT TRADER</u> - 401 trades cost to trade = $40.10\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$570.60</u></strong>\r\n\r\n<u>MINI LOT TRADER</u> - 401 trades cost to trade = $410.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$5,706.00</u></strong>\r\n\r\n<u>STANDARD LOT TRADER</u> - 401 trades cost to trade = $4,100.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$57,060.00</u></strong>\r\n\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\"><img class=\"aligncenter size-full wp-image-6122\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\" alt=\"PREM SERV PROFITS1 14062015\" width=\"455\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\">\r\n<img class=\"aligncenter size-full wp-image-6123\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\" alt=\"PREM SERV PROFITS2 14062015\" width=\"460\" height=\"415\" />\r\n</a>\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n</u>\r\n<u>4.5 – ARMEGEDDON “GOLDEN” TRADES:</u><u> </u>\r\n\r\n<u>4.6 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n<u>4.7 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.8 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:\r\n\r\n</u></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nPersonally, I am going to continue my recent short-term plan of trading very light, especially going into a week when not only do we have a FOMC statement, economic indicators and a Janet Yellen press conference, plus, we have the potential of a GREECE end game playing out.\r\n\r\nI have traded light for the past three weeks, I see absolutely no reason to change now given the intensity of news is even higher. In fact it would be rather foolish to change now.\r\n\r\nWith high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 14th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','THE CONTAGION APPROACHES…','','inherit','open','closed','','6150-revision-v1','','','2015-06-13 12:15:43','2015-06-13 17:15:43','',6150,'https://weeklyfxdrivethru.com/6150-revision-v1/',0,'revision','',0),(6152,1,'2015-06-13 12:17:04','2015-06-13 17:17:04','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 14.06.2015\r\nREFERENCE: #157\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\n<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>\r\n\r\n<u>1.1 - LOOKING BACKWARDS:</u>\r\n\r\n1.1.1 - OVERVIEW:\r\n\r\nYet another week when I felt that I was in suspended animation looking down on the markets waiting for the GREECE news to break. Only 11 trades via the PREMIUM SERVICE last week, the net result was positive, so I should not complain when adding profits to the broker accounts. Like many other traders the “woulda, coulda, shoulda” scenario comes into play and you always feel that you could have extracted more from a trade or maybe you closed it too early or too late, the bottom line is the accounts balances have grown.\r\n\r\nSo, like last week because of the geopolitical news I have no LIVE trades and no limit orders in position. I am 100% in cash on the sidelines. I have several long and short options ready to trade on the GREECE news; my TRADING PLAN is ready to roll as soon as we have a GREECE news event. As a Forex trader one of the key factors to success is to have your A and B plan ready to go.\r\n\r\n1.1.2 – GREECE:\r\n\r\nAnother week has passed, the rhetoric has grown and according to the press release after a three way meeting between Merkel, Hollande and Tsipras, they are now going to intensify their negotiations, this means “We must try harder”.\r\n\r\nLast Thursday the IMF left the negotiation table, obviously they have had enough. One must imagine “ The Pitbull” (Schaeuble) will be let loose soon to put the final nails in the coffin of the GREECE participation in the single currency.\r\n\r\nAllegedly, GREECE needs a deal by the next EUROGROUP meeting on June 18<sup>th</sup> and the current bailout program expires on June 30<sup>th</sup> 2015.\r\n\r\nI have not changed my view on this subject for well over 12 months now that GREECE’s creditors must take a haircut or GREECE will just have no alternative but to default. I still believe Drachmas will be circulating again very soon.\r\n\r\nThe vultures are circling above Athens and for me this news event is getting as boring as the FED rate hike.\r\n\r\nFor God’s sake, GREECE just default and Yellen just move up rates and put us out of our misery…\r\n\r\n1.1.3 – RBNZ:\r\n\r\nThe RBA removed the dovish commentary at their last Central Bank policy statement.\r\n\r\nLast week the RBNZ went so accommodative and dovish I thought that Graeme Wheeler, RBNZ governor, has been on “whacky tobaccy”. His words and the statement were consistent for the first time in months and the surprise rate cut with more to follow sent the NZD into a tailspin.\r\n\r\nThe GBP/NZD moved up about 450 pips on the news, the AUD/NZD almost 200 pips, big moves also with the NZD/USD, NZD/CAD and the EUR/NZD.\r\n\r\nThe market did not expect the rate cut and they certainly did not expect the commentary to run alongside, hence the savage moves.\r\n\r\n&nbsp;\r\n\r\n<u>1.2 - LOOKING FORWARDS:</u>\r\n\r\n<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>\r\n\r\n<u>(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 </u><a href=\"http://www.forexfactory.com\">www.forexfactory.com</a><u> and </u><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Draghi spouts words of wisdom.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP - CPi.\r\nTUESDAY: NZD – Dairy Auction Results.\r\n\r\nWEDNESDAY: GBP – Unemployment Data.\r\nWEDNESDAY: USD – FOMC Statement / FED Funds Rate &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – SNB Monetary Policy Statement and Press Conference.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – CPi and Core CPi.\r\n\r\nFRIDAY: CAD – Core CPI and Core Retail Sales.\r\n\r\n&nbsp;\r\n\r\n1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nThe FOMC dominates the news this week. The markets will be looking for clues as to when the FED funds rate will be increased in line with FED policy. The language from the statement will be analyzed and the press conference should contain several questions and explanations about the vocabulary used by the FED in the statement so that the markets can establish a better understanding of when the rate hike will occur.\r\n\r\nMost money is now on September or October. No one believes it will happen this week; but do NOT rule anything out. They could still raise in June, she has the press conference to elaborate and explain fully the FED reasons.\r\n\r\nI think from a safety perspective as Q4 is usually a great month for economic data in the U.S. the FED will raise just before Q4 so that any impact of the rate hike will be absorbed in a good quarter’s data. Having written this, I would not be totally surprised if they are raised this week. The get the damn thing out of the way approach and shut the feckers up on Wall Street.\r\n\r\nLets see what happens. I just hope that we are not still 100% in the dark at 3.00PM (EDT) on Wednesday.\r\n\r\n&nbsp;\r\n\r\n<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE!!): </u>\r\n\r\nI have now been almost on gardening leave for three weeks as I decided to step aside and wait for the impending GREECE news to hit the wires. There were delays, clumping together of payments due, meetings set and re-set over and over again. I just felt that the best policy was to stay away and wait. Basically, I have been very light on trading anything EUR or CHF, with even restraint on GBP related trades.\r\n\r\nMy trades have mostly therefore been NZD related. I am still not 100% comfortable with the JPY and the AUD has been a chop fest. All in all, to pare back on trading probably could not have come at a better time.\r\n\r\nSo, with this extra time on my hands I have been speaking on email and SKYPE with a few of my subscribers to the PREMIUM SERVICE about all things Forex.\r\n\r\nFor fun a while back when the markets were looking very stretched, I talked about ARMEGEDDON TRADES from the perspective of if stops were pushed and the markets capitulated due to extreme conditions how far did I think that certain pairs could go before a two-sided market in a particular pair would reappear?\r\n\r\nWe talked mainly about the USD/CHF and EUR/CHF. I think that after the GREECE news is announced the CHF has the potential to be a very directional currency to trade against most currencies, in particular, the USD, EUR, GBP, AUD and to a lesser extent the JPY. The problems is setting what you think are the lowest of lows; they are either too low or not low enough. Either way it is not good to place LIMIT ORDERS as they either never get triggered in which case your opportunity to make money is removed or the positions are set to too close to the current market, so the trades trigger and the currency still moves against your direction and you incur losses as the stop is too close. You really have to be around to read the news and be ready to enter based on a sound basis. I did however say that in my mind most of the time I have my golden prices that I would love to see pairs hit once again from which to enter trades. I have these listed later in section 4.5 for my subscribers only and I will leave these listed for forthcoming blogs.\r\n\r\nI am not sure what real benefit or purpose this will serve but it will be done. It’s sort of similar to the coming year ahead predictions that many of the financial institutions provide. Mainly total bulls**t but fun to read.\r\n\r\nSumming up my conversations with subscribers, most are finding this a stop / start market although, surprisingly over the past two to three weeks some have felt the market more forgiving of poor entries than in the early part of 2015. I totally agree.\r\n\r\nAs you know from a few weeks ago, I highlighted my TRADING PLAN après GREECE. It is on hold until après GREECE but it is ready to go.\r\n\r\nI have referred to the plan in section 4.2 for my GOLD and SILVER subscribers, as there has been the inevitable tweaking going on.\r\n\r\nBeing a trader having your plan is half the battle. As I mentioned to a few of you referring to the ARMAGEDDON trades to have these in play après GREECE would be the icing on the cake!!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><u> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE CONTAGION APPROACHES...</strong></p>\r\nAs a child if I wanted a new toy or something similar, my father, an ex UK policeman, would often respond to my childlike continual bleating for whatever I wanted by saying “Change the record over – play something else” (That dates my age a little, although vinyl is making a comeback of immense proportions, lets hope in the future the USD/CHF and GBP/NZD do the same!!).\r\n\r\nI feel with regards to GREECE it’s all been said already, remixed, put out on a 12” with a few bonus cuts and to make more relevant and generate more interest put in a box set with multiple versions and booklets etc.\r\n\r\nHowever, I am not seeing the word “contagion” enough. All I see is Tsipras this and Varoufakis that, plus Merkel and Hollande (the modern day Laurel and Hardy), Weidmann (Bundesbank), Schaeuble (The Pitbull), Dijsselbloem (Chairman of the Eurogroup Finance Ministers) and Donald Tusk (Council President) regurgitating the same old, same old statements. Greece needs to make more cuts into pensions and raise more taxes and make more reforms. This is really tough medicine for Greece, and, frankly the IMF walking away from the negotiations last Thursday was a significant event even though they claim they are in the negotiations from a distance…yeah that\'s right, 3,500 miles away in the negotiations. In the negotiations my a**e.\r\n\r\nNo one is really privy to the true actual state of the Greek financial position. We do know, or rather are led to believe that it is dire, and, I do not doubt that.\r\n\r\nWhat we are sometimes missing is the seriousness of the political situation back in Greece as we focus on the true effects of the contagion. Tsipras, has to sell whatever deal he may get from the Eurogroup and Laurel and Hardy back to his parliament before the end of the month. The Syriza party was elected on a very specific mandate that a large group of the party want to stick to no matter what.\r\n\r\nTalks in Brussels and Frankfurt may have been irrelevant from day one. Feelings and tensions in Greece are obviously running high; pressure groups are making their feelings known. PAME the communist labour union increased its profile by recently demonstrating inside the Greek Finance Ministry with comments and banners along the lines of “We’ve bled enough” “We’ve paid enough” “Give Greece back to the Greeks”. Looking wider afield the latest opinion poll that I could find was by a group called Marc polling. It says that 50% of Greeks want Tsipras to accept any deal from the Eurozone and 38% support Tsipras’s continued resistance.\r\n\r\nUncertainty or what?\r\n\r\nThere simply isn’t enough time left to do a deal and satisfy all parties in my opinion. I have stated from day one, months and months ago, that Greece has no money and it cannot afford the terms laid down by the Dijsselbloem, or the lame comments from Laurel and Hardy coupled with the ankle snapping comments by the pitbull. A default and exit from the single-currency is the only option.\r\n\r\nHowever, what has me perplexed is that the fear of contagion no matter what happens never seems to concern the Eurozone heads at all. I think the chairman of the World Bank, or some similar obscure body talked about contagion risks last week but apart from his comments - nada.\r\n\r\nAs we all know, the Eurozone leaders are basically a set of ostriches that bury their heads in the sand when it comes to tough decisions. God love them, they are not business people, they are just politicians.\r\n\r\n<strong>Politicians are NOT problem solvers but blame attributers</strong>\r\n\r\nI have said this many times before. Politicians mostly run on 4/5 year cycles and are here today gone tomorrow, why have their legacy in the history books spoiled by making decisions. Lets kick cans down the road…leave the decision to the next guy.\r\n\r\nThis is one reason why Greece is in the poor shape it is in right now.\r\n\r\nLike a scene from the Monty Python movie “The Life of Brian”, the Judean Peoples Popular Front’s leader “Reg” (John Cleese) gauges support of his executive committee relating to Roman dominance in his country by asking the question, “What have the Romans ever done for us?”\r\n\r\nIn many bars around Athens the same questions have no doubt been asked many times over – “What has the single-currency and being told what to do by the Germans and the bureaucrats in Brussels ever done for us, where has it got us?” For me now, the answer is irrelevant, we are too far down the road.\r\n\r\nGreece will in my opinion have to default and re-introduce the Drachma as a parallel currency and remove the Euro from circulation. It took a month to bring the Euro in with a parallel situation, it could be just a fast moving it out along with capital controls.\r\n\r\nTHE CONTAGION:\r\n\r\nGreece is out…. who is next?\r\n\r\nSpain, Portugal or Italy who knows? But reading the internet press releases on these countries the far left and far right parties have had enough with German interference and Brussels bureaucracy and ministers from other Eurozone countries telling them what they should be doing and how they should be doing it.\r\n\r\nThere is a contagion Tsunami brewing in Europe and I do not think that Eurozone politicians, never mind the rest of the world realizes how dangerous this is. It will make the financial crash of 2008 look like a teddy bears picnic in comparison. The Eurozone politicians are burying their heads in the sand, they either cannot see or are unwilling to view the big picture.\r\n\r\nWhen you look at some of the existing leaders in Europe, Rahoy (Spain) and Hollande (France) as two good examples, they have zero chance at re-election. If they were to throw their hats in the ring and run again it will be like “Turkeys voting for Christmas” they will get slaughtered politically. There is a very strong anti-Europe undercurrent that places the entire Eurozone project in jeopardy.\r\n\r\nGreece has been badly managed from day one and to add insult to injury repeatedly poor decisions were made to just make matters worse. The negotiators would be sacked in a private business. In politics they are rewarded with luxury travel and fully functional expense account.\r\n\r\nIf there is a can kicking exercise or a straight default and exit, there will be a contagion effect in play and it will have been brought about entirely by amateurish negotiations and agreements from day one with respect to Greece.\r\n\r\nThis is the Eurozone…\r\n\r\nWelcome to Eurozone…the assassins of hope in negotiations and credible settlements.\r\n\r\nContagion here we come….\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><u> THE PREMIUM SERVICE:</u></strong>&nbsp;</li>\r\n</ol>\r\n<strong><u>SUMMARY OF PERFORMANCE:</u></strong>\r\n\r\n<u>3.1 – OVERVIEW and SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>\r\n\r\nFor 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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\n<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</u>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n\r\n<u>3.2 – PERFORMANCE REVIEWS:</u>\r\n\r\n<u>3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n</u>\r\n\r\nEMANATING FROM TRADE SET-UPS - 2015 to date:\r\n\r\n<u>MICRO LOT TRADER</u> - 401 trades cost to trade = $40.10\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$570.60</u></strong>\r\n\r\n<u>MINI LOT TRADER</u> - 401 trades cost to trade = $410.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$5,706.00</u></strong>\r\n\r\n<u>STANDARD LOT TRADER</u> - 401 trades cost to trade = $4,100.00\r\n<strong>PROFIT</strong> from 401 trades = <strong><u>$57,060.00</u></strong>\r\n\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\"><img class=\"aligncenter size-full wp-image-6122\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS1-14062015.png\" alt=\"PREM SERV PROFITS1 14062015\" width=\"455\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\">\r\n<img class=\"aligncenter size-full wp-image-6123\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PREM-SERV-PROFITS2-14062015.png\" alt=\"PREM SERV PROFITS2 14062015\" width=\"460\" height=\"415\" />\r\n</a>\r\n<ol start=\"4\">\r\n	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<u>4.1 - EDUCATION:\r\n</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.)\r\n\r\n<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>\r\n\r\n<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>\r\n\r\n<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n</u>\r\n<u>4.5 – ARMEGEDDON “GOLDEN” TRADES:</u><u> </u>\r\n\r\n<u>4.6 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>\r\n\r\n<u>4.7 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>\r\n\r\n<u>4.8 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:</u></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><u> MY FINAL THOUGHTS:</u></strong></li>\r\n</ol>\r\n<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>\r\n\r\nIf 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: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn 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.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>\r\n\r\nPersonally, I am going to continue my recent short-term plan of trading very light, especially going into a week when not only do we have a FOMC statement, economic indicators and a Janet Yellen press conference, plus, we have the potential of a GREECE end game playing out.\r\n\r\nI have traded light for the past three weeks, I see absolutely no reason to change now given the intensity of news is even higher. In fact it would be rather foolish to change now.\r\n\r\nWith high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday June 14th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<u>VIEWS AND COMMENTS IN THIS BLOG:</u>\r\n\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\r\n<u>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</u>\r\n\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, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>\r\n\r\nFLASH, 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.','THE CONTAGION APPROACHES…','','inherit','open','closed','','6150-revision-v1','','','2015-06-13 12:17:04','2015-06-13 17:17:04','',6150,'https://weeklyfxdrivethru.com/6150-revision-v1/',0,'revision','',0),