<h3 style="text-align: center;"><strong>THE PREMIUM SERVICE
</strong><strong>The Home of Single-Lot $$$$ Trading
</strong><strong style="line-height: 1.5;">www.weeklyfxdrivethru.com</strong></h3>
<strong>DATE: 29.03.2015
</strong><strong style="line-height: 1.5;">REFERENCE: #53
</strong><strong>BLOG: THE PREMIUM SERVICE</strong>

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<ol>
	<li><strong><span style="text-decoration: underline;"> INTRODUCTION:</span></strong></li>
</ol>
<span style="text-decoration: underline;">MY OVERVIEW OF THE FOREX MARKET:
LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>

<span style="text-decoration: underline;">1.1 - LOOKING BACKWARDS:</span>

Thankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.

Having said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.

Being honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.

I am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.

I know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.

I am writing about GREECE later so this section will be shorter than usual.

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<span style="text-decoration: underline;">1.2 - LOOKING FORWARDS:</span>

Next week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.

We also have geopolitical news from GREECE and YEMEN to keep us busy.

This looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it's a nightmare. It may be the NFP for us all to miss.

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<span style="text-decoration: underline;">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):
</span>

This year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.

Subscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.

If like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.

Trading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.

However, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.

I also want to mention HEDGING.

This is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.

It can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.

These trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.

In the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11<sup>th</sup> and closed on the 25<sup>th</sup> March.

In my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.

Finally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.

I have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.

I have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.

It’s all basic stuff BUT it works: -
<p style="text-align: center;"><strong>RISK MANAGEMENT</strong>
<strong>POSITION SIZING</strong>
<strong>TRADE PLANS</strong></p>
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<ol start="2">
	<li><strong><span style="text-decoration: underline;"> WHAT’S ON MY MIND: -
THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>
</ol>
<p style="text-align: center;"><strong>UNION…. WHAT UNION?
(IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>
I have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.

The European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.

The original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.

What I cannot get my head around was all the talk years and years ago about: -
<p style="text-align: center;">Currency Union
Economic Union
Banking Union
Tax Harmonization Union
Foreign Policy Union
Social and Welfare Union (The Social Chapter)
Agricultural / Production Quota Harmonization</p>
Well… we have the currency union and that's a f**k up.

Where are the rest? ….

Like I have said before: -

19 countries using the same cheque-book does not work

It then becomes all about trust - A Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.

So many different cultures in a meeting = no agreements

I can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.

Ask yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.

A great example of a UNION… NOT!!

Born out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.

There is no trust in the EUROZONE that's why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.

The only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.

About a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.

The Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!

Over the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).

The fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?

It is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9<sup>th</sup> to the 20<sup>th</sup> of April as dates.

In the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.

At the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.

GREECE is in a corner.

However, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.

In addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.

Not much of a union after such a long time… no trust between partners.

There are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.

As I said last week and very little has fundamentally changed: -
<p style="text-align: center;"><span style="color: #3366ff;"><em>Austerity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.</em><em> </em></span></p>
<p style="text-align: center;"><span style="color: #3366ff;"><em>GREECE needs debt relief.</em></span></p>
<p style="text-align: center;"><span style="color: #3366ff;"><em>The EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.</em></span></p>
<p style="text-align: center;"><span style="color: #3366ff;"><em>It is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.</em></span></p>
<p style="text-align: center;"><span style="color: #3366ff;"><em>Suck it up….</em> </span></p>
<p style="text-align: center;"><span style="color: #3366ff;"><em>Austerity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.</em></span></p>
<p style="text-align: center;"><span style="color: #3366ff;"><em>These are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.</em></span></p>
The “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.

This is not over… tomorrow is a big day and I think it will all end in tears very soon.

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

</span></strong></li>
</ol>
<strong><span style="text-decoration: underline;">SUMMARY OF PERFORMANCE:</span></strong>

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

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

Please note from April 1<sup>st</sup> prices will be increasing and subscription options will be changing.

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<span style="text-decoration: underline;">3.2 - SUMMARY OF PERFORMANCE:</span>

(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4.2)

<span style="text-decoration: underline;">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:

</span>
<p style="text-align: center;">TRADE SET-UPS - 2015 to date:</p>
<p style="text-align: center;"><span style="text-decoration: underline;">MICRO LOT TRADER</span> - 187 trades cost to trade = $18.70
<strong>PROFIT</strong> from 187 trades = $286.60</p>
<p style="text-align: center;"><span style="text-decoration: underline;">MINI LOT TRADER</span> - 187 trades cost to trade = $187.00
<strong>PROFIT</strong> from 187 trades = $2,866.00</p>
<p style="text-align: center;"><span style="text-decoration: underline;">STANDARD LOT TRADER</span> - 187 trades cost to trade = $1,870.00
<strong>PROFIT</strong> from 187 trades = $28,660.00</p>
Which trader are you?

If you want to be part of this go to <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> or check out more information at the end of this blog in section 6.

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<span style="text-decoration: underline;">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png"><img class="aligncenter size-full wp-image-5584" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png" alt="PROFIT-LOSS 29032015" width="405" height="582" /></a>

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<span style="text-decoration: underline;">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png"><img class="aligncenter size-full wp-image-5583" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png" alt="RISK-REWARD 29032015" width="428" height="543" /></a>

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<span style="text-decoration: underline;">3.2.4 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png"><img class="aligncenter size-full wp-image-5585" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png" alt="PREM SERV PROFITS1 29032105" width="454" height="436" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png"><img class="aligncenter size-full wp-image-5586" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png" alt="PREM SERV PROFITS2 29032105" width="454" height="440" /></a>

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

<span style="text-decoration: underline;">4.1 - EDUCATION:
</span>(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.)
<p style="text-align: center;"><strong>THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</strong></p>
Trading involves a great deal of risk. If it didn’t, everyone would be zillionaires! However, there are a few risks that we tend to overlook.

The very well renowned trading psychologist Brett Steenbarger has pointed out that there are also other risks involved, which many of us easily overlook, namely:<strong> </strong>

<strong>THE RISK OF BOREDOM:</strong>

A lot of people are drawn into trading because of the prospect of making big money in a relatively short span of time. But sometimes, there’s just not that much action in the market or your trading system simply isn’t catching any of the moves.

If a Trader is impatient, he could resort to abandoning his trading system or could find himself forcing trades

If you find yourself fidgeting and can’t wait to get a piece of the market, it would be better for you to take a step back from your charts. Stop the monotony and take a break by visiting trading forums or reading up on the markets.<strong> </strong>

<strong>THE RISK OF “DRAW-UPS”:</strong>

We are fully aware of the dangers and pains of drawdowns, but did you know that you also face risks when your account rises in value or incurs a “draw-up”?

That’s right. Traders also experience a risk after going through a series of profitable trades. After having a successful streak, many traders tend to make bad trading decisions because of overconfidence. They end up increasing their position sizes to unmanageable levels, taking too many trades, and abandoning their trading plans.

This is precisely why it is important for traders to always keep their emotions in check. Failing to do so can lead you to be lax with your trade execution. Remember to always stick to your trading plan and keep your ego in check.

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<strong>THE RISK OF SEQUENCING:</strong>

No matter how well you manage your trades or how consistent your trading system is, you never really know in advance the sequencing of your profitable and losing trades.

A trader experiences sequencing risk when he begins to take the sequencing of his wins and / or losses out of statistical context. For instance, you may go through a series of wins and think that you have mastered the markets, which can easily lead to over confidence.

Alternatively a series of losses may make you doubt yourself or your trading strategy, leading you to deviate from your trading plans and make bad trading decisions.

Even times of alternating profits and losses can be perceived the wrong way. If you see your account balance just bouncing up and down without any real progress, you make take it as a sign that you are not improving and lose motivation or give up altogether.

Luckily there is a way to avoid this dangerous mindset. By using a trading journal you can help put things into the proper perspective and keep the bigger picture in mind.

The best way to address these problems would be to align your psychological risks to your actual risks. You can only do so by keeping track of your stats, so put in the work and always update your journals!

Remember that being a FOREX trader is a full time job. Although you may not be trading 24/7, there is always research work that needs to be done.

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<span style="text-decoration: underline;">4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:</span>

To quotes English football mangers of old, last week was a game of two halves. The beginning of the week saw me battling to try and hold back on losses from trades from the previous week. To some extent it worked but overall, I class it a failure. The PREMIUM SERVICE and my own accounts took a hit….yikes!

Wednesday, I did very little other than research set-ups and scan for probability trades and got them in position. Thursday and Friday were good trading days. I recovered about 80% of the losses in the PREMIUM SERVICE, and I am really happy the way things ended up, as last Tuesday I posted losses that were bad, but they could have been much worse.

I have spoken with many of you and it does appear that most of you like me were the wrong side of the market late the week before and Monday /Tuesday last week.

Trading is extremely difficult at the moment; to keep your head above water is the key measure of success at the moment. I keep saying, believing that a directional market is on its way; we could do with a break from the chop fest that we are being served at the moment.

We are very range bound again, I just feel like we are moving from one range to another without being directional. Having said that, the PREMIUM SERVICE trades are still producing a steady growth in capital.

The bottom line is basically what I wrote last week. Not being greedy and over exposing yourself to risk actually works. It enables wider stops to cope with volatility and whilst you may incur larger pip losses your $$$ losses are maybe a little less. Should the trade move in your direction you can add to your original position.

We are driven by both FEAR and GREED and, in my opinion how we manage this says everything about us as traders.

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<span style="text-decoration: underline;">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIVE-TRADES-29032015.png"><img class="aligncenter size-full wp-image-5588" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIVE-TRADES-29032015.png" alt="PS LIVE TRADES 29032015" width="734" height="507" /></a>

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<span style="text-decoration: underline;">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-29032015.png"><img class="aligncenter size-full wp-image-5587" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-29032015.png" alt="PS LIMIT ORDERS 29032015" width="714" height="414" /></a>

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

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 FUINDAMENTAL 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 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 for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data.

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<span style="text-decoration: underline;">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>

This section contains charts relating mainly 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.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015.png"><img class="aligncenter size-large wp-image-5602" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015-1024x517.png" alt="RT337 GBPUSD 240M 29032015" width="1024" height="517" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT338-EURUSD-240M-29032015.png"><img class="aligncenter size-large wp-image-5601" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT338-EURUSD-240M-29032015-1024x517.png" alt="RT338 EURUSD 240M 29032015" width="1024" height="517" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT340-USDCAD-240M-29032015.png"><img class="aligncenter size-large wp-image-5599" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT340-USDCAD-240M-29032015-1024x517.png" alt="RT340 USDCAD 240M 29032015" width="1024" height="517" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015.png"><img class="aligncenter size-large wp-image-5598" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015-1024x517.png" alt="RT341 EURGBP 240M 29032015" width="1024" height="517" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT339-USDCHF-240M-29032015.png">
</a><a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015.png"><img class="aligncenter size-large wp-image-5603" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015-1024x517.png" alt="NZDUSD 240M 29032015" width="1024" height="517" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015.png"><img class="aligncenter size-large wp-image-5604" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015-1024x517.png" alt="GBPJPY WEEKLY 29032015" width="1024" height="517" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-240M-29032015.png"><img class="aligncenter size-large wp-image-5605" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-240M-29032015-1024x517.png" alt="AUDUSD 240M 29032015" width="1024" height="517" /></a>

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<span style="text-decoration: underline;">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>

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

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/TRENDING-PAIRS-29032105.png"><img class="aligncenter size-full wp-image-5589" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/TRENDING-PAIRS-29032105.png" alt="TRENDING PAIRS 29032105" width="398" height="513" /></a>

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<span style="text-decoration: underline;">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style="text-decoration: underline;">:
</span></strong>(The reviews in the section are accompanied with weekly charts of the USD majors)

<strong>EUR/USD: Closing Price 1.0884.</strong>

Another 60 pip jump higher in the weekly closing price. Is the race to parity and below over? Now there’s a blog title if there ever was one.

The chart below shows the new trading range of 1.0450 to 1.1060. Looking forward, we really need to break one way or another to give us clues. This pair is so pivotal to the Forex market regarding direction; if it stagnates so does the market. Fundamentally, the FOMC stalling has really created uncertainty and this breeds increased speculation and lots of bulls**t is spoken.

My thoughts are that the EUR/USD will head lower, as we still have divergent FED versus ECB monetary policies in play.

For the immediate future I see 1.0800 as support and 1.1060 as resistance.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015.png"><img class="aligncenter size-large wp-image-5596" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015-1024x517.png" alt="EURUSD W 29032015" width="1024" height="517" /></a>

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<strong> </strong>

<strong>GBP/USD: Closing Price 1.4870</strong>.

Yer man Carney was out again. Last Friday he was spouting at a forum, I think in Germany, along with other Central Bank governors about worldly matters from so high, the air was so thin, they all needed an oxygen supply, to enable them to breathe like normal folk.

Carney was off again on raising rates in the UK. I think he gets a kick out of these statements. There must be some deep-rooted S+M fetish with Mark Carney, because, all he will do for the next month or so is punish himself by back stepping the remarks made about the next interest rate move being higher. However, because of the May 7<sup>th</sup> general election in the UK, Carney can no longer speak publicly from today until after the votes have been counted. Was Carney a clever dick then? Yeah right…

My contacts in the UK think that any movements in rates will kill off any recovery at all… hell what the feck do they know!

Cable looks pressured and I think that the long suppressed cross-rates are about to unleash havoc; GBP/CAD, GBP/NZD and GBP/AUD…do not forget the GBP/CHF, EUR/GBP and GBP/JPY.

The weekly chart below looks very bearish and I could argue that we are in a bear flag formation with a measured move lower to about 1.3000. Wouldn’t that be something?

For now, 1.4800 support is crucial for the GBP/USD to hold onto as a break lower could be ugly. Resistance at 1.5000 is a great solid round number that has held previously.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015.png"><img class="aligncenter size-large wp-image-5595" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015-1024x517.png" alt="GBPUSD W 29032015" width="1024" height="517" /></a>

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<strong> </strong>

<strong>AUD/USD: Closing Price 0.7750</strong>.

Not much of a move week on week with the AUD/USD. There has been very little economic data from Australia of late, very little on the quote front from the RBA, so its been commodity prices and equities that have managed moves with this pair, thus, we have seen very little movement to speak of that catches the eye. We are just above a trend line that I omitted to place on the chart below, but we have not pushed on nor have we checked the break by a re-test

Support is at 0.7700 and resistance at 0.7840.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015.png"><img class="aligncenter size-large wp-image-5597" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015-1024x517.png" alt="AUDUSD W 27032015" width="1024" height="517" /></a>

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<strong>NZD/USD: Closing Price 0.7571</strong>.

The NZD/USD is very similar to the AUD/USD, not much on the news front and no real direction of late. We broke out above previous resistance of 0.7620 temporarily but that was probably just an enthusiastic stop loss run.

My thoughts are that we will head lower in the longer term but for now we are stuck in a range.

The range is still 0.7170 to 0.7620.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015.png"><img class="aligncenter size-large wp-image-5594" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015-1024x517.png" alt="NZDUSD W 27032015" width="1024" height="517" /></a>

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<strong>USD/CAD: Closing Price 1.2616.</strong>

The chart below shows the immediate range of 1.2340 to 1.2840. We are stuck in the middle. We do however have a bullish trend and my thoughts with this pair are to the upside.

The immediate support is at 1.2450 and resistance at 1.2650.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015.png"><img class="aligncenter size-large wp-image-5593" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015-1024x517.png" alt="USDCAD W 29032015" width="1024" height="517" /></a>

<strong> </strong>

<strong>USD/CHF: Closing Price 0.9608</strong>.

The 240 minutes trend line is in play and offers a great entry level moving forward. This pair looks to be in recovery mode after quite a large sell off of over 500 pips. I am looking to re-establish a long side trade this week on a pullback.

We must always bear in mind the vast majority of the time this pair is like a puppet managed by moves with the EUR/USD.

Support is at 0.9550 and resistance at 0.9725.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015.png"><img class="aligncenter size-large wp-image-5592" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015-1024x517.png" alt="USDCHF 240M (W) 29032015" width="1024" height="517" /></a>

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<strong>USD/JPY: Closing Price 119.13.</strong>

We are still in the same range in spite of all the shenanigans last week, but look to be moving lower. The PREMIUM SERVICE holds a short trade.

Support at 115.60 and resistance at 122.00

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015.png"><img class="aligncenter size-large wp-image-5591" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015-1024x517.png" alt="USDJPY W 29032015" width="1024" height="517" /></a>

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&nbsp;
<ol start="5">
	<li><strong><span style="text-decoration: underline;"> THE WEEK AHEAD: -
WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>
</ol>
<span style="text-decoration: underline;">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>

SUNDAY: N/A.

MONDAY: N/A.

TUESDAY: EUR – Eurozone CPi.
TUESDAY: CAD - GDP.
TUESDAY: USD – Consumer Confidence.
TUESDAY: CNY – Manufacturing PMi.

WEDNESDAY: GBP – Manufacturing PMi.
WEDNESDAY: USD – ADP Non-Farm Employment Change
WEDNESDAY: USD – ISM Manufacturing PMi.
WEDNESDAY: NZD – Dairy Auction results.
WEDNESDAY: AUD – Trade Balance.

THURSDAY: GBP – Construction PMi.
THURSDAY: CAD – Trade Balance.
THURSDAY: USD – Trade Balance.

FRIDAY: USD – Non-Farm Employment Change.

<span style="text-decoration: underline;">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>

This coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.

I think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.

We have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.

We will have opportunities to make $$$, we just have to be alert and careful.

As always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.
<p style="text-align: center;"><strong>Consistency = longevity in trading and that is a critical goal.
IT IS THE KEY MEASUREMENT</strong></p>
Before you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.

&nbsp;
<ol start="6">
	<li><strong><span style="text-decoration: underline;"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>
</ol>
<span style="text-decoration: underline;">6.1 - PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>

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

On the welcome page there are a series of TABS at the top of the page that provide a summary of what the PREMIUM SERVICE is about and what you receive for your subscription.
<p style="text-align: center;"><strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: - </strong>
<strong>10 weeks - $200.00</strong>
<strong>20 weeks - $350.00</strong>
<strong>40 weeks - $500.00</strong>
<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition) </strong></p>
In addition please check out the TAB FX PROMOTIONS under this TAB there are details of any special offerings from either myself or jointly with my Business Partners.

<span style="text-decoration: underline;">6.2 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>

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

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

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

I do NOT sell your email data to anyone…do not worry...one less thing to worry about!

<span style="text-decoration: underline;">6.3 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>

There are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.

Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.

By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.

Any reader who buys products or services from any advertiser via a banner on my website, <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.

<span style="text-decoration: underline;">6.4 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>

FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.

&nbsp;

Take care.

Scott Pickering
The Pip Accumulator
Sunday March 29th 2015

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