<h2>1. INTRODUCTION:</h2>

After several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog

It was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.

I cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.

As I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.

<h2>2. RADAR AND FLASH TRADES TRADING SUMMARY:</h2>
<h3>JANUARY 2014 and YEAR to date:</h3>
From now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.

I have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.

RADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.

FLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png"><img class="aligncenter size-full wp-image-3035" alt="RADAR TRADES 1 - 18012014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png" width="532" height="477" /></a>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png"><img class="aligncenter size-full wp-image-3036" alt="RADAR TRADES 2 18012014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png" width="532" height="495" /></a>


<h3>PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</h3>
<h5>1 x MICRO-LOT:
23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</h5>
<h5>1 x MINI-LOT:
23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</h5>
<h5>1 x STANDARD LOT:
23 trades at $10.00 each = $230.00 risk for an $800.00 reward.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png"><img class="aligncenter size-full wp-image-3037" alt="FLASH TRADES 18012014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png" width="469" height="478" /></a>
<h3>PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</h3>
</h5><h5>1 x MICRO-LOT:
10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</h5>
<h5>1 x MINI-LOT:
10 trades at $1.00 each = $10.00 risk for a $151.00 reward</h5>
<h5>1 x STANDARD LOT:
10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</h5>

<h3>COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE JANUARY 2014…SO FAR:</h3>
<h5>TRADING MICRO-LOTS:
33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</h5>
<h5>TRADING MINI-LOTS:
33 trades at $1.00 each = $33.00 risk for a $230.10 reward.</h5>
<h5> TRADING STANDARD LOTS:
33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</h5>

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 remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.


<h2>3. DETAILS OF THE PREMIUM SERVICE</h2>

From today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.

In the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.

I am hoping that the following extended version will answer all of the questions.

For those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.

Firstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.

What are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?

The most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!

Why two trade types and what do they mean?

RADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.

FLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.

All trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.

Most importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.

In addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.

I am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.

From the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?

The present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -
<ol>
	<li>INTRODUCTION.</li>
	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>
	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>
	<li>MY CURRENT / EXISTING LIVE TRADES.</li>
	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>
	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>
	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>
	<li>FINAL THOUGHTS and COMMENTS.</li>
</ol>
Items 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.

The format for the PREMIUM SERVICE will be as follows: -
<ol>
	<li>INTRODUCTION.</li>
	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>
	<li>THE FUNDAMENTAL TRADERS OVERVIEW.
(This will be my comments on the macro level views I have at the time)</li>
	<li>TRADERS TOPICS.
(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>
	<li>MY CURRENT / EXISTING LIVE TRADES.</li>
	<li>THE TRADING STRATEGY.
(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>
	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>
	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>
	<li>FINAL THOUGHTS and COMMENTS.</li>
</ol>
As referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -
<h4>Placing Stops
Strategies on when to enter and exit trades
Working with a Trade Plan and what is a Trade Plan?
Risk Assessment
When to fade trades
How to cost average effectively
How to use Trade Zones effectively - Buy Zones and Sell zones
Working with Fibonacci levels
How to find a good broker to partner with
Basic Chart analysis</h4>

The PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.

This is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.

I trade currencies to make money.

Whilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).

I will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.

<h4>FUNDAMENTALS MATTER TO ME
I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS
I TRADE LOW RISK
I DO NOT CHASE MARKETS
I LIKE THE TRADES TO COME TO ME
I AM NOT A GREEDY TRADER
I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS
I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES
PLUS
MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS
I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</h4>

Whilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.

<h6>What are the subscription costs?</h6>

There will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.

In addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.

Finally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.

<h4>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week)
20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)
10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week)
(ALL FEES ARE IN USD)</h4>


If you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href="http://www.thepipaccumulator.com">www.thepipaccumulator.com</a>. It is very straightforward to register.

As soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.

When the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.

Should you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -
<h3><a href="mailto:premiumservice@thepipaccumulator.com">premiumservice@weeklyfxdrivethru.com</a></h3>
<h2>4. MY CURRENT LIVE TRADES:</h2>

FLASH TRADES:

In view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.
<h4>REFERENCE #:FT08
PAIR: USD/CAD
LONG /SHORT: LONG
ENTRY / COST AVERAGE: 0.1.0966
TRADE SIZE: 20%
STOP LOSS: 0.1.0840
TARGET / LIMIT: 1.1250
WEEKLY CLOSING PRICE: 1.0959
PRESENT POSITION: -7 pips</h4>

<h2>5. TRADES THAT ARE ON MY RADAR:</h2>

I have no trades on my radar in view of the U.S. holidays.

Over the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.



<h2>6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</h2>

<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.

<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>

<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.

<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.

<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.

<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.

<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.

<h2>7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</h2>

SUNDAY: N/A

MONDAY: NZD – CPi.

TUESDAY: AUD – CPi.

WEDNESDAY: GBP – Unemployment Numbers and % rates.
WEDNESDAY: CAD – BOC Rate Statement, Press Conference.
WEDNESDAY: CNY – HSBC Flash Manufacturing PMi.

THURSDAY: CAD – Core Retail Sales.

FRIDAY: CAD – Core CPi.



<h2>9. FINAL THOUGHTS:</h2>

This will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.

For those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.

Good luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.

Scott Pickering
The Pip Accumulator
Saturday January 18<sup>th</sup> 2014

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