<p style="text-align: left;" align="center"><b><span style="text-decoration: underline;">1. INTRODUCTION:</span></b></p>
From a personal perspective, that was a great week of forex trading, with more than +500 pips profit during the week.

I am however, a little concerned that some of the currency moves seem to be a little extreme. In particular last Wednesday was extreme. BOE Governor Carney presenting the quarterly BOE Inflation Report, basically kept his forward guidance in place and the GBP rallied like crazy across the board. Wednesday evening the Australian Unemployment data was poor and the AUD weakened. On Wednesday alone the moves in the GBP/AUD and GBP/NZD were terrific. The GBP/AUD nearly +500 pips on the day. I know the GBP/AUD is an exotic commodity cross-rate and moves will be volatile. At the same time the EUR/AUD moved up over +180 pips on the back of AUD Unemployment Data.

These moves, plus a few more factors are telling me that the markets are twitchy, and maybe over reacting.  I write this in the full knowledge that the equity markets are grinding higher, and in the full knowledge that the S&amp;P and Nasdaq are at 14 year highs. I will go deeper into my thoughts on this subject later in the blog.

One piece of news that really pissed me off was the ECB talking about “Negative Deposit Rates”.

At the last ECB Press Conference - ECB President Mario Draghi basically talked about Eurozone economic improvements and how things were starting to come together, cautious optimism was given as guidance. No new initiatives were discussed because of the improvements seen.

Then within 7 days….it’s confirmed that the ECB had in fact discussed Negative Deposit Rates for member state banks depositing money with the ECB. This is mega news, market moving and important to investors to have knowledge of when making business decisions.

It just shows you that it is all a game. I had written many times about Draghi’s body language at the Press Conferences being poor and that he is hiding something. He is very uncomfortable at times. I have said that his testicles must be wired to a switch at the Bundesbank in Frankfurt and Angela Merkel’s office in Berlin, maybe I am not so far off the truth. He is very well managed, I have no doubt of this fact at all.

At times, I doubt the economic data validity released from China. The Eurozone is catching China up. We know that most of the Eurozone politicians and bureaucrats will save their own backs and be very economical with the truth at times regarding Eurozone matters.

On the basis that “Negative Deposit Rates” have in the past been dismissed as nonsense and were said to be no way near the discussion table and the fact that Draghi had the opportunity to control a discussion about the subject and didn’t, is in my opinion very poor leadership on his part. This is 100% why I think he is controlled, maybe not by gadgets wiring to his testicles, but controlled he is.

Other news was that Janet Yellen completed her first “grilling” on the hill. I thought she gained more and more confidence as the testimony went on and to be frank, the U.S. politicians wouldn’t know how to ask a question if their lives depended upon it. They still haven’t learnt to ask a concise question. They use up most of their allotted time with waffle and assorted bulls**t. Nevertheless, I thought she came out on top and any uncertainty that the markets had on tapering were well and truly put to bed in my opinion.

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<b><span style="text-decoration: underline;">2. TRADING SUMMARY:</span></b>
<p align="center"><b><span style="text-decoration: underline;">RADAR, FLASH and FUNDAMENTAL TRADES</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">FEBRUARY 2014 and YEAR to date:</span></b></p>
It was a great start to the week and with primary market moving data towards the end of the week I traded less and basically observed. So on a pure volume of trades basis - it was quiet..

Below I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE.
<p style="text-align: center;"><b><span style="text-decoration: underline;">RADAR TRADES:</span></b><b><span style="text-decoration: underline;"> </span></b></p>
<p align="center"><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
10 trades at $0.10 cents each = $1.00 risk for $13.90 profit.</p>
<p align="center"><span style="line-height: 1.5em;">1 x MINI-LOT:
</span><span style="line-height: 1.5em;">10 trades at $1.00 each = $10.00 risk for $139.00 profit.</span></p>
<p align="center">1 x STANDARD LOT:
10 trades at $10.00 each = $100.00 risk for $1,390.00 profit.</p>
<p align="center"></p>
<p align="center"><b><span style="text-decoration: underline;">FLASH TRADES:</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
17 trades at $0.10 cents each = $1.70 cents risk for $47.00 profit.</p>
<p align="center">1 x MINI-LOT:
17 trades at $1.00 each = $17.00 risk for $470.00 profit.</p>
<p align="center">1 x STANDARD LOT:
17 trades at $10.00 each = $170.00 risk for $4,700.00 profit.<b style="line-height: 1.5em;"><span style="text-decoration: underline;"> </span></b></p>
<p style="text-align: center;"></p>
<p style="text-align: center;"><b><span style="text-decoration: underline;">FUNDAMENTAL TRADES:</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED FUNDAMENTAL TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
4 trades at $0.10 cents each = $0.40 cents risk for $49.40 loss.</p>
<p align="center">1 x MINI-LOT:
4 trades at $1.00 each = $4.00 risk for $494.00 loss.</p>
<p align="center">1 x STANDARD LOT:
4 trades at $10.00 each = $40.00 risk for $4,940.00 loss</p>
<p align="center"></p>
<p align="center"><b><span style="text-decoration: underline;">COMBINED FLASH, RADAR AND FUNDAMENTAL TRADES PROFIT PERFORMANCE</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">JANUARY 2014…SO FAR:</span></b></p>
<p align="center">TRADING MICRO-LOTS:
31 trades at $0.10 cents each = $3.10 risk for $11.50 profit.</p>
<p align="center">TRADING MINI-LOTS:
31 trades at $1.00 each = $31.00 risk for $115.00 profit.</p>
<p align="center">TRADING STANDARD LOTS:
31 trades at $10.00 each = $310.00 risk for $1,150.00 profit.</p>
The above examples are for illustration purposes only:

The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.

Just to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.

<b><span style="text-decoration: underline;">3. THE FUNDAMENTAL TRADERS OVERVIEW:</span></b><b> </b>
<p align="center"><b>IT’S STILL ALL ABOUT FEAR AND GREED…EVEN MORE SO NOW:</b><b> </b></p>
I think that the markets are now very overbought and market participants are now getting twitchy. Sentiment  is starting to change. Last year, for the equities markets it was all about “Buy the Dip”, a simple trading approach, because the FED was behind the markets with easing (Quantitative Easing), through it’s bond buying programme.

GREED has been in pole position for quite sometime because the FED was market supportive. The “Buy on the Dip” mentality is starting to be less talked about even though equities grind higher and the S&amp;P and Nasdaq closed last week at 14 year highs. FED monetary policy has changed and the effects of

tapering is a whole new ball game. The smart guys are selling into these rallies in my opinion.

We saw a 7% pullback over a week ago, and we were led to believe this was a buying opportunity, maybe it was. I just do not buy it. I have said it before and I say it again….the dis-connect / correlations are still off…these are clues not to be ignored. The fact we are at record highs just tells me that it has to stop sooner rather than later. It is how the markets react to a change in sentiment that very important. A GREED based market can switch to a market dictated by FEAR very quickly.

Everyday I go through the same daily routines with my chart analysis. The following factors are playing heavy in my decision making process. I believe the moves ahead will be very, very big. I do not need to pick a top, I just want a good chunk of the available $$$ in the middle of oncoming trades. I definitely do not want to pick the market bottom either. That can be very costly and a dangerous sport: -<b><span style="text-decoration: underline;">
</span></b>
<ul>
	<li>Gold is appreciating in value and has moved above the psychological $1,300 barrier. However, in my opinion it doesn’t get bullish in my eyes until it breaks above about $1,380. We have DEFLATION. So the recent run of buying Gold is fear? A flight to safety?</li>
	<li>The Nikkei is selling off one day then bouncing back the next. It has bounced back off a lower trend line support.</li>
	<li>Oil is struggling with $100.00.</li>
	<li>Copper has gone really quiet.</li>
	<li>The JPY pairs are not moving in sync anymore with equities. The best example is yesterday’s close (Friday). The S&amp;P and Nasdaq are at 14 year highs yet the USD/JPY has been hovering around a critical support level of 101.50 for the past 24-36 hours. It should be back at 110.00 given the circumstances.</li>
	<li>The AUD/USD and NZD/USD whilst holding up really well are NOT breaking out. In fact, I am ready to short both of them because in my opinion I have confidence in the fact that the equities markets are going to roll over.</li>
	<li>S&amp;P at 1800 becomes a critical support level. Below 1725 it is game on.</li>
</ul>
My feelings are well known. I am a USD bull and have been for about the past 5/6 months. The market dis-connect has been in play for some time. Inter-market correlations are bo****ksed. My lead currency indicators have been giving clues (AUD/USD &amp; USD/CAD) for months. The commodity currencies lead the way.

This is why I am so anxious to get long on the EUR/AUD, EUR/NZD, EUR/CAD, GBP/AUD, GBP/NZD and GBP/CAD. I chickened out on my original set of FUNDAMENTAL trades. I allowed myself to be influenced by other market participants. I am actively looking for the correct levels to enter the six currency trade pairs to the long side.

When the sell-off starts the unwinding effect of these pairs will be incredibly strong.

This is when FEAR takes over in the mindset of traders and it will only intensify as the momentum gathers pace.

It just takes one negative spark of the right intensity to set this i.e: the sell off in motion. It may come from the emerging markets but my favourite would be either the Eurozone or China.

The snap back could happen at anytime.

<b><span style="text-decoration: underline;">4. TRADER TOPICS:</span></b>

Following the introduction of FUNDAMENTAL trades, HEDGING came into play. Below, I provide my approach plus some general supporting information on HEDGING.<b> </b>
<p align="center"><b><span style="text-decoration: underline;">HEDGING (MY APPROACH):</span></b></p>
The reasons for writing about HEDGING this week is because several of you wrote to me asking me questions on how and why I HEDGE on my FUNDAMENTAL trades?

I only ever use this approach on long term position style (FUNDAMENTAL) trades. For me it is just something that I introduce on a losing pip value related to my risk tolerance for a trade.

I hope that the example below is easy to follow: -

&nbsp;
<p align="center"><span style="text-decoration: underline;"><strong>TRADE 1:</strong></span></p>
<p align="center">EUR/AUD
LONG
ENTRY: 1.5000
POSITION SIZE: 5 x MICRO LOTS
MONTHLY ATR: 720
STOP LOSS: 1.4250</p>
<p align="center">TRADE RISK IN TOTAL = $375.00
HEDGED LOSS MAXIMUM 200 pips = $100.00</p>
Therefore in this instance I would place an order with my broker at the same time of the initial trade to sell the EUR/AUD as follows: -
<p align="center"><span style="text-decoration: underline;"><strong>HEDGED TRADE:</strong></span></p>
<p align="center">EUR/AUD
SHORT
ENTRY: 1.4800
<span style="line-height: 1.5em;">POSITION SIZE: 5 x MICRO LOTS
</span><span style="line-height: 1.5em;">STOP LOSS: 1.5000</span></p>
By doing this I am allowing “wiggle room” of 200 pips for the pair when the initial trade is activated to move in the direction that I want it to. If the pair drops more than 200 pips my HEDGE is triggered so my trade is always limited to a loss of 200 pips and a financial loss of $100.00.

You must also consider with exotic cross-rate currencies the overnight swap rates mount up very quickly and this can become quite expensive. This was the reason I closed my 6 trades last week that were hedged. My losses were limited but the overnight costs were mounting on 12 trades.

This is my approach, as I promised I would detail my way of approaching hedging.

Below I have supplied you with HEDGING definitions and styles that I was taught as a  “Newbie” trader.
<p align="center"><b><span style="text-decoration: underline;">USING A HEDGING STRATEGY IN FOREX:</span></b></p>
Basically hedging is a way to protect you as a Forex trader against a big loss. The best way to view hedging is to consider it insurance on your trade. Basically, I view it as a way to reduce the amount of the loss that you would have incurred if something totally unexpected happened.

Some brokers will allow you to place trades that are direct hedges. This means that you are allowed to place a trade that has you both buying and selling the same currency pair at the same time if you want to do that. While the net profit is zero when both trades are open, you can make money without additional risk if you time the market right.

<b>SIMPLE FOREX HEDGING:</b>

The simple hedge allows you to trade in both directions with the same currency pair without having to close the initial trade. It can of course be argued that it makes sense to close the initial trade for a loss (if it was a losing trade) and enter a new trade at a better price, still keeping the hedging trade active. This is up to you as a trader. You could definitely close the original loss making trade and enter again in your original direction, but the benefits of the hedge is that you can keep your trade on the market and make money on the second trade that makes a profit as the market moves against your initial trade. When you suspect that the market is going to reverse and your initial trade will be heading for a positive position, you can set a stop on the hedging trade, or you could of course just close it.

<b>COMPLEX HEDGING:</b>

Some brokers will not allow you to hedge directly in the same trading account with the same currency pair, so an alternative method could be adopted.
<p style="text-align: left;">As you know there are currency pairs that have inverted relationships so if you go long or short on one you can go in the opposite direction with the other pair. Whilst this isn’t a perfect science it is in effect HEDGING.

EUR/USD and USD/CHF
EUR/GBP and GBP/CHF</p>
The above pairs tend to operate in an inverted manner, and this could be described as hedging.

<b>REASONS TO HEDGE:</b>

The main reason that anyone trading any security or forex pairs wants to use hedging is to limit risk.

HEDGING can be a bigger part of your trading plan if done carefully. Only experienced traders that understand the market swings and timings should see HEDGING. It is NOT something that without adequate trading experience should be played with, as, it can be costly.

<b>THE HEDGING STRATEGY:</b>
<p style="text-align: left;">With my example at the beginning of this section you can see that the whole basis of my hedge was firmly positioned around risk.

The are four parts to the strategy that MUST be adhered to:</p>

<ol style="text-align: left;">
	<li>ANALYZE YOUR RISK:
As any normal trade – assess your risk before you enter.</li>
	<li>DETERMINE YOUR RISK TOLERANCE:
Are you hedging the full or partial amount of the trade? This is based upon your own risk tolerances and your TRADING PLAN.</li>
	<li>DETERMINE YOUR FOREX HEDGING STRATEGY:
Write it out to check, prices, levels and entry and exit rules.</li>
	<li>IMPLEMENT AND MONITOR YOUR STRATEGY:
Check your figures and entries and exits should the HEDGED TRADE trigger.</li>
</ol>
<b>SUMMARY:</b>

There are many complicated HEDGING STRATEGIES that I have come across in the past seven years.

My approach is simple (I think) and easy to use but there are many other ways to approach this subject.

My promise on this web site and throughout my blogs was always to try and keep things simple.

&nbsp;

<b><span style="text-decoration: underline;">5. MY CURRENT LIVE TRADES:</span></b>

<b><span style="text-decoration: underline;">FLASH TRADES:</span></b>
<p style="text-align: center;"><strong>FT30</strong>
<strong>USD/CAD</strong>
<strong>Long</strong>
<strong>Cost Average: 1.0985</strong>
<strong>Stop Loss: 1.0840</strong>
<strong>Limit / Target: 1.1520</strong>
<strong>My Position Size: 60%</strong>
<strong>Closing Weekly Position: 1.0977</strong>
<strong><span style="line-height: 1.5em;">My present Profit/Loss position:  - 8pips</span></strong></p>
<p style="text-align: center;"></p>
<b><span style="text-decoration: underline;">RADAR TRADES:</span></b>

No live RADAR TRADES at the present time.

&nbsp;

<b><span style="text-decoration: underline;">FUNDAMENTAL TRADES:</span></b>
<p style="text-align: center;"><strong>FUN05</strong>
<strong>GBP/CAD</strong>
<strong>Long</strong>
<strong>Entry Price / Cost Average: 1.8380</strong>
<strong>Stop Loss: 1.7940</strong>
<strong>Limit / Target: 2.017</strong>
<strong>Position Size: 5%</strong>
<strong>Closing Weekly Position: 1.8385</strong>
<strong>My Present Profit / Loss position:  + 5pips</strong>
<strong>(This trade will be hedged from a 100 pip loss should the situation arise)</strong></p>
&nbsp;

<b><span style="text-decoration: underline;">6. TRADES THAT ARE ON MY RADAR:</span></b>

I have the following two RADAR trades that are already in position with my brokers.
<p style="text-align: center;"> <strong>USD/CHF
Long
Entry Level: 0.9040
Stop Loss: 0.8990
Limit / Target: 0.9250</strong></p>
<p style="text-align: center;"><strong> NZD/USD
Short
Entry Level: 0.8430
Stop Loss 0.8460
Limit /Target 0.8000</strong><strong> </strong></p>
<p style="text-align: left;" align="center">The following RADAR trades are not yet placed with brokers. It is my intention to do this either at the market open (Sunday evening) or Monday morning after the European session. I will advise when they are placed via Twitter.</p>
<p align="center"><strong>EUR/GBP</strong>
<strong>Short</strong>
<strong>Entry Level: 0.8224</strong>
<strong>Stop Loss 0.8265</strong>
<strong>Limit /Target 0.8000 </strong></p>
<p align="center"><strong>AUD/USD</strong>
<strong>Short</strong>
<strong>Entry Level: 0.9075</strong>
<strong>Stop Loss: 0.9125</strong>
<strong>Limit / Target: 0.8500</strong></p>
The following are FUNDAMENTAL trades are not yet placed with my brokers. I will do this either at the market open on Sunday evening or Monday morning after the European session. I will Tweet when they have been placed. These are of a longer-term nature. I have added in the ATR data to show the depth of the stop loss. Please bear in mind these trades are MICRO LOTS to start with and only upon taking shape with momentum in my direction will I add further lots to increase my position size. These currency pairs are wild and volatile. If you cannot cope with extreme volatility and moves that do not make sense at times I suggest that you ignore these trades. All of these trades will be hedged from a 100 pip loss making position should that situation arise.
<p align="center"><strong>EUR/CAD</strong>
<strong>Long</strong>
<strong>Entry Level: 1.4960</strong>
<strong>Stop Loss 1.4400 (ATR 509)</strong>
<strong>Limit /Target 1.5300 (52 week high)</strong></p>
<p align="center"><strong>EUR/AUD</strong>
<strong>Long</strong>
<strong>Entry Level: 1.5240</strong>
<strong>Stop Loss 1.4500 (ATR 725)</strong>
<strong>Limit /Target 1.7000 (52 week high = 1.5800)</strong></p>
<p style="text-align: center;"><strong> EUR/NZD</strong>
<strong>Long</strong>
<strong>Entry Level: 1.6800</strong>
<strong>Stop Loss 1.6000 (ATR 800)</strong>
<strong>Limit /Target 1.9030</strong>
<strong>(I show the EUR/NZD Monthly chart below that shows how big a move could be on if we break above 1.6800. It will be stiff trend line resistance, but if we breakthrough…happy days if you are a long!)</strong></p>
<b><span style="text-decoration: underline;"><a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/EURNZD-MONTHLY-15.02.2014.png"><img class="aligncenter size-large wp-image-3233" alt="EURNZD MONTHLY 15.02.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/EURNZD-MONTHLY-15.02.2014-1024x522.png" width="1024" height="522" /></a></span></b>

&nbsp;

&nbsp;

<b><span style="text-decoration: underline;">7. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>

<b>EUR/USD: Closing Price 1.3692.</b>  About a 60 pip move to the upside during the week but even with a lot of bullishness around - the upside has been capped at 1.3715 (a 127.6% Fibonacci extension).  However, I do not think that the bears get back in full control unless we break through support at 1.3610.
The EUR/USD Daily chart below shows the key trading points.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/EURUSD-DAILY-15.02.14.png"><img class="aligncenter size-large wp-image-3231" alt="EURUSD DAILY 15.02.14" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/EURUSD-DAILY-15.02.14-1024x522.png" width="1024" height="522" /></a>

<b>GBP/USD: Closing Price 1.6746.  </b>The cable is in breakout territory; the EUR moved upwards about 50 pips and the GBP/USD move higher in the same time period was almost three times greater. The next big resistance lies at 1.6780, which by coincidence with the EUR/USD is also a 127.6% Fibonacci extension. In my blog post outlining my thoughts for 2014, I talked about the “dis-connect” across the various markets. I suggested that I thought that the GBP would start to act more independently of the EUR. Here is the first case example. I can see cable rising beyond 1.6780 towards 1.7000 at a time when I think upwards moves in the EUR will be capped. Watch the EUR/GBP price action, I think 0.8000 cents is on. Support for the GBP/USD is at 1.6650.

<b>AUD/USD: Closing Price 0.9031</b>.  I think that the AUD/USD is a great short somewhere between 0.9100 and 0.9200. I think that you can start building positions just below 0.9100. Unless it strides higher to short it I am not interested. I am looking forward to reading the RBA monetary policy meeting minutes this week to see what clues if any as to help with my trade set-up. Fundamentally, I see this pair around 0.8000 to 0.8500. For now I think we are range bound 0.9000 to 0.9100.

<b>NZD/USD: Closing Price 0.8365</b>.  The most annoying pair in the forex market as far as I am concerned. Like the AUD/USD I think that we are range bound, stuck between 0.8300 and 0.8400.

<b>USD/CAD: Closing Price 1.0977.</b>  I have been all over this pair like a rash in the past week. I firmly believe that with a bit of USD strength coming through the markets this pair will fly through 1.1250 heading towards 1.1520. For now though we are having to suffer spikes and pullbacks. The range is 1.0940 to 1.1025.

The 12 hour USD/CAD chart below shows the key levels to watch out for.

<b> <a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/USDCAD-12-HOUR-15.02.2014.png"><img class="aligncenter size-large wp-image-3232" alt="USDCAD 12 HOUR 15.02.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/USDCAD-12-HOUR-15.02.2014-1024x522.png" width="1024" height="522" /></a></b>

<b>USD/CHF: Closing Price 0.8923</b>.  I was really excited about trading this pair recently. I was so excited I was relieved to exit my trade on a spike to resistance at 0.9040. Since that day we have fallen. I think a fall back to 0.8850 is a gift to pick and enter long, but I just think that we will continue in this very tight range that we are in until the EUR/USD break out in one direction or the other. The range for now that I am looking at is 0.8900 to 0.8950.<b> </b>

<b>USD/JPY: Closing Price 101.78. </b> This pair is under real pressure to fall through support at 101.50. It has been at the precipice more than once so if it does not fall through the next time it tests support maybe we are destined to see a quite strong bounce towards 105.00 once again. Who knows? I have found the USD/JPY difficult to follow of late. One thing that I do know however is that equities are at multi year highs and the USD/JPY is falling. There is something wrong with this picture. The critical support at 101.50 must hold otherwise it will be sub 100.00 not too far after. Resistance is good at 102.60.

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

<b><span style="text-decoration: underline;">8. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>

SUNDAY: NZD – Retail Sales.

MONDAY: AUD – Monetary Policy Minutes.

TUESDAY: GBP - CPi.

WEDNESDAY: GBP – Unemployment Rates.
WEDNESDAY: USD – FOMC meeting Minutes.
WEDNESDAY: CNY – Manufacturing PMi

THURSDAY: EUR – German and French PMI.
THURSDAY: USD – Janet Yellen testifies.

FRIDAY: GBP – Retail Sales.
FRIDAY: CAD – Core CPi &amp; Core Retail Sales.

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

<b><span style="text-decoration: underline;">9. FINAL THOUGHTS:</span></b>

<b>THE PREMIUM SERVICE – (Twitter Feed)</b>

Firstly most of you do not avail of this facility, it is free and quite a lot goes on. To date over 300 tweets have been made. Many of them a multiples surrounding maybe just one piece of data but nevertheless, there is a lot going on.

I have decided to place a structure around the tweets that are made with immediate effect, they are:

Everyday before the North American equity markets open. There will be a tweet called “FIRST THOUGHTS”.

Mid morning in the U.S. session there will be a “MARKET UPDATE”

In the lunch period / afternoon session there will be a “FINAL THOUGHTS” tweet.

24 x 7 there will be “TRADE UPDATES” and “TRADE SET-UPS” relating to FLASH, RADAR and FUNDAMENTAL trades.

Finally, “NEWS FLASH” tweets, when applicable.

I hope that this format will be well received.

For those of you that still happy with just the weekly trade set-ups, there is absolutely no problem from my side. I know time differences play a part, but the “Twitter Feed” can offer an additional edge…..think about it.

Back to the markets, I expected consolidation last week. I suppose to some extent there was but there was a lot of volatility. This week I am expecting some movement as I believe that we are once again very close to the crossroads were sentiment changes.

As you know, the markets move on FEAR and GREED and I think FEAR is entering. If I am correct, that means volatility; be prepared

With that in mind, always remember that there is a market everyday. You do not need to trade everyday to make your financial goals.

Good luck and trade within your TRADE PLAN guidelines and most importantly use sound MONEY MANAGEMENT SKILLS to control your risk.

&nbsp;

Scott Pickering
The Pip Accumulator
Saturday February 15th 2014

EMAIL / FOLLOW ME AT:
premiumservice@weeklyfxdrivethru.com
Twitter: @pipaccumulator
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