(4299,1,'2014-09-06 11:14:06','2014-09-06 16:14:06','&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nIt’s great to back after my summer vacation. If I found it a bit slow in the early part of last week, all those thoughts disappeared very quickly following the ECB Press Conference. All the volatility that had gone from the Forex over the past three/four months re-appeared very quickly and the moves in the EUR and GBP were huge. The EUR/USD moved over 225 pips lower, it’s biggest move in 3 years and Cable moved over 100 pips lower.\r\n\r\nI have been pretty slow getting back into trades, lots of reading and re-familiarization with charts. I was not 100% detached during August I was looking at my FUNDAMENTAL trades, which I had left open during the month, but I would not be telling the truth if I said I was in full trading mode.\r\n\r\nNon-Farm payroll was for me a little muted. As usual I had my TRADING PLAN in place but nothing really triggered. It was a little frustrating to say the least.\r\n\r\nMy feature in the BLOG this week will be taking a look at the longer-term charts. The move after Draghi’s Press Conference really took the whole market by surprise and we definitely have a sentiment shift brewing as the markets are quickly coming to the realization that the two major central banks in the world the FOMC and ECB are on divergent paths. The FOMC is looking to raise interest rates and the ECB is cutting rates, hence the strength of the USD. This realization, we as Forex Traders have been working with for months but equity traders are always the last to the party and now I think the penny has dropped! Because of this I think some charting is required.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> THE PREMIUM SERVICE: –</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></p>\r\n<p style=\"text-align: center;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></p>\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nTrading activity in the first week (four days really after Labour Day) was quiet, adjusting to the market.\r\n\r\nOf the trades 5 trades that were closed during the week 4 were profitable trades yielding a nice 180 pips profit between them. The negative trade in the week, which was a loss trade of 97 pips, was the longer-term FUNDAMENTAL hedged trade GBP/AUD (FUN37) that had been live from July 17<sup>th</sup> 2014. I had the chance to move the stops and my mindset switched to the ECB news instead. The cost of running two back-to-back trades was getting a little more than I had originally intended in any case.\r\n\r\nOverall single lot trades net on the four days had you been 100% mirroring my trades would have resulted in a profit banked of: -\r\n\r\nMICRO LOT TRADERS                  $8.30*\r\nMINI LOT TRADERS                       $83.00*\r\nSTANDARD LOT TRADERS          $830.00*\r\n\r\n*The above is an illustrated example of the net profits available if single lot position sized trades had been undertaken on the 5 trades mentioned above with exactly the same entry and exit levels\r\n\r\n&nbsp;\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater this month, I will be starting my road trip with a series of sales presentations of the WEEKLY FX DRIVE THRU / PREMIUM SERVICE seminars under the title AN INTRODUCTION TO FOREX TRADING.\r\n\r\nI will be starting with a series of presentations in Montreal, Canada as follows: -\r\n\r\nDATES:            Saturday 13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\n\r\nVENUE:           Hampton Inn and Suites.\r\n\r\nADDRESS:      1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:             Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\"><img class=\"aligncenter size-full wp-image-4290\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\" alt=\"PREM SERV PROFITS1 06092014\" width=\"446\" height=\"415\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><strong>USD MAJORS – LONGER TERM CHARTS:</strong></p>\r\n<p style=\"text-align: center;\"><strong>(SIMPLE CHART ANALYSIS)</strong></p>\r\nI think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves I think for the short-term at least following the huge ECB news move last Thursday we should look at areas of entry.\r\n\r\nFor those who follow me on a regular basis, you will know that I try my best at all times to keep things as simple and straightforward as possible. The charts that follow have been stripped down so that they are easy to visualize on computers, laptops and tablets.\r\n\r\nI have stripped out the following indicators that I used in my analysis on some of the pairs: -\r\n\r\n&nbsp;\r\n<ul>\r\n	<li>Multi Fibonacci level indicators (I have left only the one(s) to make my point in place.</li>\r\n	<li>Simple Moving Averages (SMAS) 50, 100 &amp; 200 day.</li>\r\n	<li>Bollinger Bands</li>\r\n	<li>Pivot Points</li>\r\n</ul>\r\nIf any of the above are included on a chart they are there for a reason, but my overriding goal was to present a very simple, clean straightforward chart.\r\nAs you know we tend to over-complicate analysis. Basically, all I am looking for are places of interest on the charts where there is buying and selling interest for me to either buy or sell back in the direction of the pair or to go countertrend as I feel that either buyers will dominate sellers or vice-versa.\r\n\r\nI hope that the charts are clean and easy to follow and not too complicated for traders new to Forex. In my opinion there is no need to over-complicate, I hope that these charts reflect this desire.\r\n\r\n&nbsp;\r\n\r\nEUR/USD:\r\n\r\nWe are in a down sloping trend as seen on the monthly chart below. In one form or another I have been using this chart as the backbone of many of my EUR/USD decisions.\r\n\r\nI entered short yesterday after Non-Farm Payrolls were released a 1.2979.\r\n\r\nLooking at the chart using the 1.2020 lows last year to the 1.3966 highs in May of this year, as you can see we are now moving back in the direction of the trend. Given the change in monetary policy from the ECB it is the intention of the ECB to drive the value of the EUR lower. It will NOT be a straight line down and at this stage nobody knows what levels the ECB are aiming at. There will be umpteen different views on this point. For now given what I know and what I have read the ECB is NOT embarking on this policy shift for 200/300 pips, I would think they have a 1.2000 in mind at least. The 61.8% retracement level of 1.2764 looks to be an initial target worth aiming for, and, my bias on this pair is short.\r\n\r\nIf you follow my on the PREMIUM SERVICE you will get my thoughts as this trade develops over the coming weeks and months.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014-1024x536.png\" alt=\"EURUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\nThe Scottish Referendum later this month has a cloud hanging over the cable. Whilst the trend is definitely lower, polls are going to come thick and fast as time moves forward and any new poll suggesting that the vote has increased to stay in the UK will no doubt be met with a severe bounce in the GBP.\r\n\r\nThe pair, right now, is well oversold and a bounce would in no way be surprising but the referendum vote is dominating right now. The next support level is at 1.6218, which is only horizontal support; if you wanted to try a long trade this may be a reasonable place with a tight stop. For me, I am more inclined to trade the EUR/GBP short instead.\r\n\r\nThe EUR direction is pretty safe and should the cable bounce this will add to the EUR/GBP short pressure. If pushed, my bias on this pair is short, but for now I am staying away because of higher risk\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014-1024x536.png\" alt=\"GBPUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\nI posted this chart earlier this week and although a day or two has passed since it’s posting the comments have remained valid. This pair is holding up very well and the cross-rate NZD/AUD is very strong keeping the AUD/USD elevated. I am looking at the range being 0.9300 to 0.9500.\r\n\r\nIf you are a cautious trader like me you may want to see it top first before moving. Looking at target levels on the AUD/NZD, a while back I was long that pair with a level of 1.1350 as my goal. I am no longer in that pair but given recent moves that objective would in my opinion co-inside with 0.9450 on the AUD/USD. My AUD/NZD analysis is now for a move above 1.1350. Therefore the cautious trader in me would be looking at 0.9500 (This is a fib and there is some horizontal support visible on the chart) as the stronger entry short with this pair. That is what I am thinking at the moment. At the back of my mind if this pair breaks 0.9500, there is nothing stopping it until 0.9700. Glenn Stevens and RBA would have a fit at those levels. I have no bias on this pair at these levels.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014-1024x536.png\" alt=\"AUDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\nTrading very heavy of late and the cross-rate AUD/NZD reflects the comparison between the AUD and NZD currencies. This pair got a nice bump up on the back of Non-Farm payrolls, which is giving an opportunity to enter short. During the week just gone 0.8330 to 0.8350 were good resistance points and contained this pair. Beyond 0.8350, there is Fibonacci resistance sitting at 0.8420. Support is good at 0.8270, which is the recent low just beyond the 50% Fibonacci level of 0.8285. My bias on this pair is short.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014-1024x536.png\" alt=\"NZDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\nThis pair is looking more and more choppy to me. The big range is 1.0800 to 1.1000. Inside of this range we are pushing and pulling within 1.0850 to 1.0910. A break of this mini-range should set up a nice short-term one or two day trade in my opinion. The chart is maybe too easy to follow…this always worries me!!\r\n\r\nMy bias is more to the long side.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART.png\"><img class=\"aligncenter size-large wp-image-4278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART-1024x536.png\" alt=\"USDCAD DAILY CHART 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\nI want to get long this pair. Now that I wrote that I need to see it hit support at 0.9175 first. Whilst many people are focused on this pair having an inverted relationship with the EUR/USD, I am also looking at the SNB to see if they will copy the ECB and be called into action and copy negative overnight bank deposit rates. This pair is worth keeping on your radar. I would not be surprised to see move back towards 0.9650 and maybe beyond. My bias is to the long side.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014-1024x536.png\" alt=\"USDCHF MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\nRegular followers will know that this is not my favourite pair to trade, in fact I do whatever I can to avoid it. If it weren’t for the fact that I have a few on-going jokes with one or two subscribers of the PREMIUM SERVICE I would not even discuss it.\r\nMoving on… 105.30 to 105.50 is an area of confluences of horizontal support and Fibonacci levels. There are other fib levels in this area but to keep the charts clean so that you can follow I took them away from the final print. This is therefore a great area to short from. The pair pushed through taking stops to 105.70 and was whacked back down. Support around 104.50 to 104.70 from last week looks to be the bottom side of the range. No bias on this pair.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014-1024x536.png\" alt=\"USDJPY MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2950.</strong> I wonder what the reaction in this pair would have been if the Non-Farm numbers yesterday had been blowout numbers? At it was they weren’t and we really didn’t do much for all the fustering about that went on, in fact the range for the day was a mere 67 pips, compared with over 225 the day before. I do think that this pair is heading lower and for the immediate couple of sessions into the week 1.2915 and 1.3000 should be treated as the range.\r\n\r\n<strong>GBP/USD: Closing Price 1.6297</strong>. Very similar to the EUR/USD, after the shenanigans of Thursday a rather muted 63 pip range yesterday. The referendum in Scotland on whether to remain in the UK or leave is hanging over the cable like “The Sword of Damocles”. I am staying clear of cable until the vote is done as every poll on voting intentions affects the pair directly and holding the pair is risky. If you have the ability to take on a high risk strategy and want to take on high over the next few sessions I see 1.6250 to 1.6400 being the range.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9378</strong>. This pair is well bid primarily due to the cross-rate effect of the AUD/NZD, which is very elevated at the moment. I am looking at 0.9300 to 0.9500 as the range. However, within this range we see good support and resistance at 0.9330 and 0.9440.\r\n\r\n<strong>NZD/USD: Closing Price 0.8317</strong>. The RBNZ has its interest rate decision on Wednesday and good old Graeme “Whichever way the wind blows” Wheeler will stepping out with his press conference. I think it will be the usual “do as I say not as I do” speech. In any event rate rises are out of the question now and I think that he will refer to exchange rates being abnormally high or words to that effect. The range that interests me is 0.8268 to 0.8400.\r\n\r\n<strong>USD/CAD: Closing Price 1.0879.</strong> This pair I accidentally pressed yes to a trade to enter long yesterday. The Scott “Finger of an anxious Trader” rather Maradona’s “Hand of God” got me into my long trade. Now I am bullish on the pair but like the Aussie it is contained within two ranges 1.0810 to 1.1000 being the outer range and 1.0850 to 1.0910 being the levels to concern us over the next few sessions.\r\n\r\n<strong>USD/CHF: Closing Price 0.9295</strong>. I am really hyped on whether the SNB will act on the back of ECB negative rates. The EUR/CHF is hovering above 1.2050 and I think any major geopolitical news that concerns Europe will drive this pair lower and I suspect that the SNB will act to defend the EUR/CHF floor of 1.2000. The result is that every CHF pair benefits. I am looking to enter long on a pullback as even if the SNB does not act the inverted relationship that the USD/CHF has with the EUR/USD means that this pair should break higher anyhow. My preferred entry level is 0.9180 and resistance for now is at 0.9350.\r\n\r\n<strong>USD/JPY: Closing Price 104.70. </strong>The range for this pair is 104.50 to 105.50. Dare I say it but if this pair breaks through 105.70 and I may get long looking for a move to 112.00.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: GBP – Inflation Report Hearings.\r\n\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement and Press Conference.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: USD – Core Retail Sales and Retail Sales\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nLots of things to consider for next week, I am really hoping that with the FED and ECB on divergent monetary policies we will see the USD come into its own and really start to move. The benefit of this should be directional trading. I may be hoping too much with this, but right now to me, it is obvious. Lets hope that I am correct; we have not had directional trading for quite sometime. If equities start to pullback as well it will be 24x5 trading.\r\n\r\nNo mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 6th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','SIMPLE LONGER-TERM CHART ANALYSIS ON THE USD MAJORS ','','inherit','open','closed','','4297-revision-v1','','','2014-09-06 11:14:06','2014-09-06 16:14:06','',4297,'https://weeklyfxdrivethru.com/4297-revision-v1/',0,'revision','',0),(4300,1,'2014-09-06 11:47:18','2014-09-06 16:47:18','','TIPS ON GETTING BACK INTO TRADING AFTER A BREAK','','inherit','open','closed','','tips-on-getting-back-into-trading-after-a-break','','','2014-09-06 11:51:27','2014-09-06 16:51:27','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf',0,'attachment','application/pdf',0),(4304,1,'2014-09-06 11:51:37','2014-09-06 16:51:37','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-09-06 11:51:37','2014-09-06 16:51:37','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4305,1,'2014-09-06 11:53:03','2014-09-06 16:53:03','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-09-06 11:53:03','2014-09-06 16:53:03','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4306,1,'2014-09-08 07:38:59','2014-09-08 12:38:59','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 8th September 2014\r\nREF: #83</strong>\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nAs I mentioned in the WEEKLY FX DRIVE THRU over the weekend there were high risks involved in trading the GBP. It is amazing that a poll of about 1,000 people on their voting intentions at the upcoming Scottish Independence referendum could drive the GBP/USD lower more than 220 pips\r\n\r\nApart from GBP related pairs nothing else much appears to have moved much. It is going to be a highly sensitive currency moving forward and as the vote is about two weeks ago I think that we will see increased volatility both ways up the votes are cast. If you want risk, this is your pair to trade. Personally, I think that I could be tempted selling into rallies but with very tight stops because of the risks associated.\r\n\r\nAt the moment the commodity currencies are trading quite heavy and are approaching key levels. The support levels that interest me are: -\r\n\r\nAUD/USD: 0.9300\r\n\r\nNZD/USD: 0.8270\r\n\r\nResistance with the USD/CAD is at 1.0950.\r\n\r\nThe EUR/USD seems to be consolidating and as usual my eyes will remain on this pair to lead.\r\n\r\nThose of you who love to trade the USD/JPY; it is quite strong today around 105.20. Remember 105.50 and then 105.70 are key resistance levels.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nAUD: - NAB Business Confidence\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry at: 1.2979\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2948\r\nCurrent Profit / Loss Position: +31 pips\r\n\r\nFT167\r\nUSD/CAD\r\nLong\r\nEntry at: 1.0882\r\nStop at: 1.0856\r\nLimit at: 1.0990\r\nPresent Position: 1.0912\r\nCurrent Profit / Loss Position +30 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9433\r\nCurrent Profit / Loss Position: -367 pips\r\n(My hedge trade is back in play)<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT143\r\nAUD/NZD\r\nLong at 1.1180\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9500\r\nStop at 0.9580\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8350\r\nStop at 0.8420\r\nLimit at 0.8150\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9180\r\nStop at 0.9140\r\nLimit at 0.9580\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong><strong> </strong></li>\r\n</ol>\r\nBe careful if you are trading the GBP pairs today. There will be plenty of politicians on the street all day looking to play down the poll indicators.\r\n\r\nNot too much else out there today we will be moved by equities I think.\r\n\r\nGood Luck.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#83 - THE DAILY FX POST,  Monday 8th September 2014','','publish','open','closed','','daily-fx-post-monday-8th-september-2014','','','2014-09-08 07:50:17','2014-09-08 12:50:17','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4306',0,'member_posts','',0),(4307,1,'2014-09-08 07:38:59','2014-09-08 12:38:59','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Monday 8th September 2014\r\nREF: #83</strong>\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nAs I mentioned in the WEEKLY FX DRIVE THRU over the weekend there were high risks involved in trading the GBP. It is amazing that a poll of about 1,000 people on their voting intentions at the upcoming Scottish Independence referendum could drive the GBP/USD lower more than 220 pips\r\n\r\nApart from GBP related pairs nothing else much appears to have moved much. It is going to be a highly sensitive currency moving forward and as the vote is about two weeks ago I think that we will see increased volatility both ways up the votes are cast. If you want risk, this is your pair to trade. Personally, I think that I could be tempted selling into rallies but with very tight stops because of the risks associated.\r\n\r\nAt the moment the commodity currencies are trading quite heavy and are approaching key levels. The support levels that interest me are: -\r\n\r\nAUD/USD: 0.9300\r\n\r\nNZD/USD: 0.8270\r\n\r\nResistance with the USD/CAD is at 1.0950.\r\n\r\nThe EUR/USD seems to be consolidating and as usual my eyes will remain on this pair to lead.\r\n\r\nThose of you who love to trade the USD/JPY; it is quite strong today around 105.20. Remember 105.50 and then 105.70 are key resistance levels.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nAUD: - NAB Business Confidence\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry at: 1.2979\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2948\r\nCurrent Profit / Loss Position: +31 pips\r\n\r\nFT167\r\nUSD/CAD\r\nLong\r\nEntry at: 1.0882\r\nStop at: 1.0856\r\nLimit at: 1.0990\r\nPresent Position: 1.0912\r\nCurrent Profit / Loss Position +30 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9433\r\nCurrent Profit / Loss Position: -367 pips\r\n(My hedge trade is back in play)<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT143\r\nAUD/NZD\r\nLong at 1.1180\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9500\r\nStop at 0.9580\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8350\r\nStop at 0.8420\r\nLimit at 0.8150\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9180\r\nStop at 0.9140\r\nLimit at 0.9580\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong><strong> </strong></li>\r\n</ol>\r\nBe careful if you are trading the GBP pairs today. There will be plenty of politicians on the street all day looking to play down the poll indicators.\r\n\r\nNot too much else out there today we will be moved by equities I think.\r\n\r\nGood Luck.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','THE DAILY FX POST - Monday 8th September 2014','','inherit','open','closed','','4306-revision-v1','','','2014-09-08 07:38:59','2014-09-08 12:38:59','',4306,'https://weeklyfxdrivethru.com/4306-revision-v1/',0,'revision','',0),(4308,1,'2014-09-08 07:50:17','2014-09-08 12:50:17','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 8th September 2014\r\nREF: #83</strong>\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nAs I mentioned in the WEEKLY FX DRIVE THRU over the weekend there were high risks involved in trading the GBP. It is amazing that a poll of about 1,000 people on their voting intentions at the upcoming Scottish Independence referendum could drive the GBP/USD lower more than 220 pips\r\n\r\nApart from GBP related pairs nothing else much appears to have moved much. It is going to be a highly sensitive currency moving forward and as the vote is about two weeks ago I think that we will see increased volatility both ways up the votes are cast. If you want risk, this is your pair to trade. Personally, I think that I could be tempted selling into rallies but with very tight stops because of the risks associated.\r\n\r\nAt the moment the commodity currencies are trading quite heavy and are approaching key levels. The support levels that interest me are: -\r\n\r\nAUD/USD: 0.9300\r\n\r\nNZD/USD: 0.8270\r\n\r\nResistance with the USD/CAD is at 1.0950.\r\n\r\nThe EUR/USD seems to be consolidating and as usual my eyes will remain on this pair to lead.\r\n\r\nThose of you who love to trade the USD/JPY; it is quite strong today around 105.20. Remember 105.50 and then 105.70 are key resistance levels.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nAUD: - NAB Business Confidence\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry at: 1.2979\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2948\r\nCurrent Profit / Loss Position: +31 pips\r\n\r\nFT167\r\nUSD/CAD\r\nLong\r\nEntry at: 1.0882\r\nStop at: 1.0856\r\nLimit at: 1.0990\r\nPresent Position: 1.0912\r\nCurrent Profit / Loss Position +30 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9433\r\nCurrent Profit / Loss Position: -367 pips\r\n(My hedge trade is back in play)<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT143\r\nAUD/NZD\r\nLong at 1.1180\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9500\r\nStop at 0.9580\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8350\r\nStop at 0.8420\r\nLimit at 0.8150\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9180\r\nStop at 0.9140\r\nLimit at 0.9580\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong><strong> </strong></li>\r\n</ol>\r\nBe careful if you are trading the GBP pairs today. There will be plenty of politicians on the street all day looking to play down the poll indicators.\r\n\r\nNot too much else out there today we will be moved by equities I think.\r\n\r\nGood Luck.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#83 - THE DAILY FX POST,  Monday 8th September 2014','','inherit','open','closed','','4306-revision-v1','','','2014-09-08 07:50:17','2014-09-08 12:50:17','',4306,'https://weeklyfxdrivethru.com/4306-revision-v1/',0,'revision','',0),(4404,1,'2014-09-24 07:28:47','2014-09-24 12:28:47','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 24th September 2014\r\nREF: #95</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nWelcome to the two new subscribers from yesterday.\r\n\r\nVery slow overnight sessions from my perspective in Asia and Europe (so far). Not really much to shout about volatility looks low and I think we are still in consolidation mode after last week’s good moves. My directional move on the back of equities falling back has not yet happened but do not rule this out taking us by surprise. Before I could write about it, it could already be happening in front of our eyes on our screens.\r\n\r\nCommodities are heavy and the commodity currencies are heavy… regular followers over the past three years will know the next line off by heart…”COMMODITIES LEAD THE WAY AND THEN REST OF THE MARKETS FOLLOW…IT’S ALL ABOUT COMMODITIES FIRST” I think that I have pretty much the same words five or six times a year for three plus years.\r\n\r\nToday, we have New Home Sales data releasing in the U.S. From my perspective this may help me trigger some limit orders and housing data from the U.S. is usually so poor it normally comes with a weaker USD and a rally in equities. I have my fingers crossed that it does the same today.\r\n\r\nI have a few limit orders in position. I have amended some pricing on these so it you are mirroring my trades, take note. My TRADE PLAN yesterday got a little screwed up but great $$$ were banked. Being flexible in approach is good without chasing trades in my opinion. I am though looking at the USD index (DXY) and we are so close to breaking out and I may have to chase to some extent.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - New Home Sales.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0800\r\nLimit at 1.1550\r\nPresent Price: 1.1007\r\nCurrent Profit / Loss Position: -193 pips.\r\n(This pair is hedged from -125 pips)\r\n\r\nRT160\r\nGBP/USD\r\nShort from 1.6350\r\nStop at 1.6450\r\nLimit 1.6000\r\nPresent Position: 1.6400\r\nCurrent Profit / Loss Position: -50 pips.\r\n\r\nRT165\r\nAUD/USD\r\nShort\r\nShort at 0.8880\r\nStop at 0.8950\r\nLimit: 0.8500\r\nPresent Position: 0.8871\r\nCurrent Profit / Loss Position: +9 pips.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nNone LIVE at this time.<strong> </strong>\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nNone LIVE at this time.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT163\r\nUSD/SEK\r\nLong at 7.1000\r\nStop at 7.0500\r\nLimit: 7.3600\r\n\r\nRT164\r\nNZD/USD\r\nShort at 0.8098\r\nStop at 0.8228\r\nLimit at 0.7474\r\n\r\nRT166\r\nEUR/USD\r\nShort at 1.2880\r\nStop at 1.2950\r\nLimit at 1.2650\r\n\r\nRT167\r\nUSD/CAD - (NOTE REVISED PRICING)\r\nLong at 1.1050\r\nStop at 1.0980\r\nLimit 1.1370\r\n\r\nRT168\r\nUSD/CHF - (NOTE REVISED PRICING)\r\nLong at 0.9370\r\nStop at 0.9330\r\nLimit at 0.9580\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nLater this morning I am travelling to Saratoga Springs NY, for a couple of meetings and I will be away from home until the weekend.\r\n\r\nI will be on the Internet via email for questions but as a result of this trip there will not be another DAILY FX POST until next Monday September 29<sup>th</sup>.\r\n\r\nI will be on twitter when I have the opportunities.\r\n\r\nTake care with trades and good luck… be wary of false breakouts.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\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.\r\n\r\n&nbsp;','#95 - THE DAILY FX POST, Wednesday 24th September 2014','','publish','open','closed','','95-daily-fx-post-wednesday-24th-september-2014','','','2014-09-24 07:28:47','2014-09-24 12:28:47','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4404',0,'member_posts','',0),(4310,1,'2014-09-09 08:01:12','2014-09-09 13:01:12','<strong><span style=\"font-size: 18pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 18pt;\"> from</span>\r\n<span style=\"font-size: 18pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 9th September 2014\r\nREF: #84</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe one thing that has struck me this morning whilst looking over several charts is that the USD is in my opinion now definitely in breakout mode. As you know, I really will do anything and everything possible not to chase prices.\r\n\r\nI look however, at the USD index and the chances are we could see 90.00 on the USD index. Relative strength looks good and if the USD has NOT YET peaked 90.00 on the USD index as a reading places the EUR/USD at about 1.2000 or a lower price of 1.1860. This was a level I placed on the EUR/USD in an old WEEKLY FX DRIVE THRU from about two years ago\r\n\r\nAs you know the Forex market loves revisiting previous levels and previous numbers if you have been trading for years remain within the “grey matter”.\r\n\r\nFrom a trading perspective I am looking for pullbacks to enter either. I will be careful with regards to risk as always, and my initial position sizes will be small and I will add and move my stops to breakeven as soon as possible. I know that I am a “whimp” when it comes to this but I want to make certain that we are moving directionally before getting too carried away. For now, the market appears to be consolidating, which is the right time to assess.\r\n\r\nI know that several of you keep asking what pairs I am looking at mostly. This morning they were: -\r\n\r\nUSD/JPY, USD/NOK, USD/MXN, USD/CHF, USD/CAD, GBP/USD, AUD/USD and NZD/USD.\r\n\r\nI took trades off the table overnight (GBP/USD and AUD/USD shorts plus USD/CAD long) and subsequently I have been vindicated with that decision looking at the moves that have transpired since.\r\n\r\nThe problem looking at the market is that traders who are short the USD must be pulling their hair out as they are not getting an opportunity to exit to minimalize losses and those like myself are not really seeing a let up to enter on pullbacks. Patience therefore is the order of the day.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nNothing on the news front today\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry at: 1.2979\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2889\r\nCurrent Profit / Loss Position: +90 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9461\r\nCurrent Profit / Loss Position: -339 pips\r\n(My hedge trade is back in play)<strong>\r\n\r\n\r\n</strong>\r\n<ol start=\"4\">\r\n	<li><strong>LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT143\r\nAUD/NZD\r\nLong at 1.1200 (ENTRY LEVEL MODIFIED)\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9330 (LEVELS ARE MODIFIED)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300   (LEVELS ARE MODIFIED)\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9335   (LEVELS ARE MODIFIED)\r\nStop at 0.9250\r\nLimit at 0.9580\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT152\r\nUSD/CAD\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI have added a few trades to my limit order list. These are now all placed with my brokers. Try not to get to carried away, although I do think a major move is on the horizon and it is best to try and get positioned as best you can without risking much. I will be adding to this list as the day progresses via twitter.\r\n\r\nGood Luck.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#84 - THE DAILY FX POST, Tuesday 9th September 2014','','publish','open','closed','','84-daily-fx-post-tuesday-9th-september-2014','','','2014-09-09 08:01:12','2014-09-09 13:01:12','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4310',0,'member_posts','',0),(4311,1,'2014-09-09 08:01:12','2014-09-09 13:01:12','<strong><span style=\"font-size: 18pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 18pt;\"> from</span>\r\n<span style=\"font-size: 18pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 9th September 2014\r\nREF: #84</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe one thing that has struck me this morning whilst looking over several charts is that the USD is in my opinion now definitely in breakout mode. As you know, I really will do anything and everything possible not to chase prices.\r\n\r\nI look however, at the USD index and the chances are we could see 90.00 on the USD index. Relative strength looks good and if the USD has NOT YET peaked 90.00 on the USD index as a reading places the EUR/USD at about 1.2000 or a lower price of 1.1860. This was a level I placed on the EUR/USD in an old WEEKLY FX DRIVE THRU from about two years ago\r\n\r\nAs you know the Forex market loves revisiting previous levels and previous numbers if you have been trading for years remain within the “grey matter”.\r\n\r\nFrom a trading perspective I am looking for pullbacks to enter either. I will be careful with regards to risk as always, and my initial position sizes will be small and I will add and move my stops to breakeven as soon as possible. I know that I am a “whimp” when it comes to this but I want to make certain that we are moving directionally before getting too carried away. For now, the market appears to be consolidating, which is the right time to assess.\r\n\r\nI know that several of you keep asking what pairs I am looking at mostly. This morning they were: -\r\n\r\nUSD/JPY, USD/NOK, USD/MXN, USD/CHF, USD/CAD, GBP/USD, AUD/USD and NZD/USD.\r\n\r\nI took trades off the table overnight (GBP/USD and AUD/USD shorts plus USD/CAD long) and subsequently I have been vindicated with that decision looking at the moves that have transpired since.\r\n\r\nThe problem looking at the market is that traders who are short the USD must be pulling their hair out as they are not getting an opportunity to exit to minimalize losses and those like myself are not really seeing a let up to enter on pullbacks. Patience therefore is the order of the day.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nNothing on the news front today\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry at: 1.2979\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2889\r\nCurrent Profit / Loss Position: +90 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9461\r\nCurrent Profit / Loss Position: -339 pips\r\n(My hedge trade is back in play)<strong>\r\n\r\n\r\n</strong>\r\n<ol start=\"4\">\r\n	<li><strong>LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT143\r\nAUD/NZD\r\nLong at 1.1200 (ENTRY LEVEL MODIFIED)\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9330 (LEVELS ARE MODIFIED)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300   (LEVELS ARE MODIFIED)\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9335   (LEVELS ARE MODIFIED)\r\nStop at 0.9250\r\nLimit at 0.9580\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT152\r\nUSD/CAD\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI have added a few trades to my limit order list. These are now all placed with my brokers. Try not to get to carried away, although I do think a major move is on the horizon and it is best to try and get positioned as best you can without risking much. I will be adding to this list as the day progresses via twitter.\r\n\r\nGood Luck.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#84 - THE DAILY FX POST, Tuesday 9th September 2014','','inherit','open','closed','','4310-revision-v1','','','2014-09-09 08:01:12','2014-09-09 13:01:12','',4310,'https://weeklyfxdrivethru.com/4310-revision-v1/',0,'revision','',0),(4312,16,'2014-09-09 20:30:16','2014-09-10 01:30:16','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/loop.gif\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-third-first\">\r\n<p>\r\n<a href=\"http://belforfx.com?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\"><img src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" title=\"\" width=\"120\" height=\"600\" /></a><img style=\"border:0\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" width=\"1\" height=\"1\" alt=\"\" />\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-09 20:30:16','2014-09-10 01:30:16','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4313,1,'2014-09-10 07:12:19','2014-09-10 12:12:19','<div class=\"one-third first\">\n<h3>BLACKWELL GLOBAL</h3>\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\n</a>\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\n</div>\n<div class=\"one-third\">\n<h3 style=\"margin-bottom: 40px;\">FXCM</h3>\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img class=\"alignnone size-full wp-image-4035\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" /></a>\n\nPlease click on the appropriate link below that corresponds to where you live.\nRegretfully, I cannot accept applications from USA residents.\n<div class=\"btn\"><a title=\"demo account any region\" href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\">DEMO ACCOUNT ANY REGION</a></div>\n<div class=\"btn\"><a title=\"FXCM canadian link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\">FXCM Canada</a></div>\n<div class=\"btn\"><a title=\"FXCM European link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\">FXCM Europe</a></div>\n<div class=\"btn\"><a title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\" href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\n</div>\n<div class=\"one-third\">\n<h3>VITAL MARKETS</h3>\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&amp;utm_medium=banner&amp;utm_content=120600_home&amp;utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/loop.gif\" alt=\"\" />\n</a>\n\n</div>\n<div class=\"one-third-first\">\n\n<span style=\"font-size: 12pt;\"><strong>BELFOR FX</strong></span><a href=\"http://belforfx.com?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\">\n<img title=\"\" src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" width=\"120\" height=\"600\" /></a><img style=\"border: 0;\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" alt=\"\" width=\"1\" height=\"1\" />\n\n</div>','FX Brokers','','inherit','open','closed','','2704-autosave-v1','','','2014-09-10 07:12:19','2014-09-10 12:12:19','',2704,'https://weeklyfxdrivethru.com/2704-autosave-v1/',0,'revision','',0),(4314,1,'2014-09-10 07:12:58','2014-09-10 12:12:58','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom: 40px;\">FXCM</h3>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img class=\"alignnone size-full wp-image-4035\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" /></a>\r\n\r\nPlease click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.\r\n<div class=\"btn\"><a title=\"demo account any region\" href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a title=\"FXCM canadian link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a title=\"FXCM European link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\" href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&amp;utm_medium=banner&amp;utm_content=120600_home&amp;utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/loop.gif\" alt=\"\" />\r\n\r\n</a>\r\n\r\n</div>\r\n<div class=\"one-third-first\">\r\n\r\n<span style=\"font-size: 12pt;\"><strong>BELFOR FX\r\n</strong></span><a href=\"http://belforfx.com?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\">\r\n<img title=\"\" src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" width=\"120\" height=\"600\" /></a><img style=\"border: 0;\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" alt=\"\" width=\"1\" height=\"1\" />\r\n\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-10 07:12:58','2014-09-10 12:12:58','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4321,16,'2014-09-10 10:03:15','2014-09-10 15:03:15','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/ib11.gif\"/></a>\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-10 10:03:15','2014-09-10 15:03:15','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4315,1,'2014-09-10 07:13:36','2014-09-10 12:13:36','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom: 40px;\">FXCM</h3>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img class=\"alignnone size-full wp-image-4035\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" /></a>\r\n\r\nPlease click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.\r\n<div class=\"btn\"><a title=\"demo account any region\" href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a title=\"FXCM canadian link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a title=\"FXCM European link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\" href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&amp;utm_medium=banner&amp;utm_content=120600_home&amp;utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/loop.gif\" alt=\"\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-third-first\">\r\n\r\n<span style=\"font-size: 12pt;\"><strong>BELFOR FX\r\n</strong></span><a href=\"http://belforfx.com?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\">\r\n<img title=\"\" src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" width=\"120\" height=\"600\" /></a><img style=\"border: 0;\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" alt=\"\" width=\"1\" height=\"1\" />\r\n\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-10 07:13:36','2014-09-10 12:13:36','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4317,1,'2014-09-10 07:20:08','2014-09-10 12:20:08','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom: 40px;\">FXCM</h3>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img class=\"alignnone size-full wp-image-4035\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" /></a>\r\n\r\nPlease click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.\r\n<div class=\"btn\"><a title=\"demo account any region\" href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a title=\"FXCM canadian link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a title=\"FXCM European link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\" href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&amp;utm_medium=banner&amp;utm_content=120600_home&amp;utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/loop.gif\" alt=\"\" /></a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-third-first\">\r\n\r\n<span style=\"font-size: 12pt;\"><strong>BELFOR FX\r\n</strong></span><a href=\"http://belforfx.com?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\">\r\n<img title=\"\" src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" width=\"120\" height=\"600\" /></a><img style=\"border: 0;\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" alt=\"\" width=\"1\" height=\"1\" />\r\n\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-10 07:20:08','2014-09-10 12:20:08','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4316,1,'2014-09-10 07:14:32','2014-09-10 12:14:32','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom: 40px;\">FXCM</h3>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img class=\"alignnone size-full wp-image-4035\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" /></a>\r\n\r\nPlease click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.\r\n<div class=\"btn\"><a title=\"demo account any region\" href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a title=\"FXCM canadian link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a title=\"FXCM European link\" href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\" href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&amp;utm_medium=banner&amp;utm_content=120600_home&amp;utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/loop.gif\" alt=\"\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-third-first\">\r\n\r\n<span style=\"font-size: 12pt;\"><strong><span style=\"font-size: 14pt;\">BELFOR FX</span>\r\n</strong></span><a href=\"http://belforfx.com?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\">\r\n<img title=\"\" src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" width=\"120\" height=\"600\" /></a><img style=\"border: 0;\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" alt=\"\" width=\"1\" height=\"1\" />\r\n\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-10 07:14:32','2014-09-10 12:14:32','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4318,1,'2014-09-10 08:01:06','2014-09-10 13:01:06','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 10th September 2014\r\nREF: #85</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe cable was hit again in European trading as news of further referendum polls results were being leaked. We established basically a new low of 1.6050 on the GBP/USD. This pair is going to become more and more volatile as we head closer to polling day. Being half English/Scottish and have lived in the UK for 35-40 years I can guarantee you that this weekend the UK press coverage will be epic!\r\n\r\nPersonally, I would stay away from the GBP this weekend it will be pushed and pulled like crazy at the open Sunday through to polling day. Who knows what headlines / scare tactics etc. that the UK press will bring to the front over this coming weekend.\r\n\r\nHaving said all of that 1.6150 held as resistance and for those that mirrored my trade overnight you would have banked 50 pips, for those with greater risk tolerance there was up another 50 additional pips on offer.\r\n\r\nThere are also rumours that the FED is going to change its wording regarding interest rate hikes in the U.S. This will plague traders today.\r\n\r\nI have missed the AUD sell off, which annoys me so much because literally every week I traded up to the summer break I was short both the AUD/USD and NZD/USD.\r\n\r\nThere is AUD and NZD big news to night maybe this will give me an opportunity to get a trade away.\r\n\r\nThe FX market is skittish so be conscious of that today. I am not looking to add to any trades other than those already placed with brokers and the existing LIVE trades listed below.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nNZD – RBNZ Interest Rate Statement and Press Conference.\r\nAUD – Unemployment Rate and Employment Change.\r\nCNY – CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT170\r\nEUR/USD\r\nShort\r\nEntry at: 1.2950\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2912\r\nCurrent Profit / Loss Position: +38 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1117\r\nCurrent Profit / Loss Position: -83 pips\r\n\r\nRT149\r\nUSD/CHF\r\nLong\r\nLong at 0.9335\r\nStop at 0.9250\r\nLimit at 0.9580\r\nPresent Price: 0.9379\r\nCurrent Profit / Loss Position: +44 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9626\r\nCurrent Profit / Loss Position: -174 pips\r\n(My hedge trade is back in play)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT146\r\nAUD/USD\r\nShort at 0.9330)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT152\r\nUSD/CAD\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful as usual geopolitical events will move the currency market violently today if FEAR hits the markets.\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#85 - THE DAILY FX POST, Wednesday 10th September 2014','','publish','open','closed','','85-daily-fx-post-wednesday-10th-september-2014','','','2014-09-10 08:01:06','2014-09-10 13:01:06','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4318',0,'member_posts','',0),(4319,1,'2014-09-10 08:00:21','2014-09-10 13:00:21','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Wednesday 10th September 2014\r\nREF: #85</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe cable was hit again in European trading as news of further referendum polls were being leaked. We established basically a new low of 1.6050 on the GBP/USD. This pair is going to become more and more volatile as we head closer to polling day. Being half English/Scottish and have lived in the UK for 35-40 years I can guarantee you that this weekend the UK press coverage will be epic!\r\n\r\nPersonally, I would stay away from the GBP this weekend it will be pushed and pulled like crazy at the open Sunday through to polling day. Who knows what headlines / scare tactics etc. that the UK press will bring to the front over this coming weekend.\r\n\r\nHaving said all of that 1.6150 held as resistance and for those that mirrored my trade overnight you would have banked 50 pips, for those with greater risk tolerance there was up another 50 additional pips on offer.\r\n\r\nThere are also rumours that the FED is going to change its wording regarding interest rate hikes in the U.S. This will plague traders today.\r\n\r\nI have missed the AUD sell off, which annoys me so much because literally every week I traded up to the summer break I was short both the AUD/USD and NZD/USD.\r\n\r\nThere is AUD and NZD big news to night maybe this will give me an opportunity to get a trade away.\r\n\r\nThe FX market is skittish so be conscious of that today. I am not looking to add to any trades other than those already placed with brokers and the existing LIVE trades listed below.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nNZD – RBNZ Interest Rate Statement and Press Conference.\r\nAUD – Unemployment Rate and Employment Change.\r\nCNY – CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT170\r\nEUR/USD\r\nShort\r\nEntry at: 1.2950\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2912\r\nCurrent Profit / Loss Position: +38 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1117\r\nCurrent Profit / Loss Position: -83 pips\r\n\r\nRT149\r\nUSD/CHF\r\nLong\r\nLong at 0.9335\r\nStop at 0.9250\r\nLimit at 0.9580\r\nPresent Price: 0.9379\r\nCurrent Profit / Loss Position: +44 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9626\r\nCurrent Profit / Loss Position: -174 pips\r\n(My hedge trade is back in play)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT146\r\nAUD/USD\r\nShort at 0.9330)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT152\r\nUSD/CAD\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful as usual geopolitical events will move the currency market violently today if FEAR hits the markets.\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#85 - THE DAILY FX POST, Wednesday 10th September 2014','','inherit','open','closed','','4318-revision-v1','','','2014-09-10 08:00:21','2014-09-10 13:00:21','',4318,'https://weeklyfxdrivethru.com/4318-revision-v1/',0,'revision','',0),(4320,1,'2014-09-10 08:01:06','2014-09-10 13:01:06','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 10th September 2014\r\nREF: #85</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe cable was hit again in European trading as news of further referendum polls results were being leaked. We established basically a new low of 1.6050 on the GBP/USD. This pair is going to become more and more volatile as we head closer to polling day. Being half English/Scottish and have lived in the UK for 35-40 years I can guarantee you that this weekend the UK press coverage will be epic!\r\n\r\nPersonally, I would stay away from the GBP this weekend it will be pushed and pulled like crazy at the open Sunday through to polling day. Who knows what headlines / scare tactics etc. that the UK press will bring to the front over this coming weekend.\r\n\r\nHaving said all of that 1.6150 held as resistance and for those that mirrored my trade overnight you would have banked 50 pips, for those with greater risk tolerance there was up another 50 additional pips on offer.\r\n\r\nThere are also rumours that the FED is going to change its wording regarding interest rate hikes in the U.S. This will plague traders today.\r\n\r\nI have missed the AUD sell off, which annoys me so much because literally every week I traded up to the summer break I was short both the AUD/USD and NZD/USD.\r\n\r\nThere is AUD and NZD big news to night maybe this will give me an opportunity to get a trade away.\r\n\r\nThe FX market is skittish so be conscious of that today. I am not looking to add to any trades other than those already placed with brokers and the existing LIVE trades listed below.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nNZD – RBNZ Interest Rate Statement and Press Conference.\r\nAUD – Unemployment Rate and Employment Change.\r\nCNY – CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT170\r\nEUR/USD\r\nShort\r\nEntry at: 1.2950\r\nStop at: 1.3030\r\nLimit at: 1.2760\r\nPresent Price: 1.2912\r\nCurrent Profit / Loss Position: +38 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1117\r\nCurrent Profit / Loss Position: -83 pips\r\n\r\nRT149\r\nUSD/CHF\r\nLong\r\nLong at 0.9335\r\nStop at 0.9250\r\nLimit at 0.9580\r\nPresent Price: 0.9379\r\nCurrent Profit / Loss Position: +44 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9626\r\nCurrent Profit / Loss Position: -174 pips\r\n(My hedge trade is back in play)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT146\r\nAUD/USD\r\nShort at 0.9330)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT152\r\nUSD/CAD\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful as usual geopolitical events will move the currency market violently today if FEAR hits the markets.\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#85 - THE DAILY FX POST, Wednesday 10th September 2014','','inherit','open','closed','','4318-revision-v1','','','2014-09-10 08:01:06','2014-09-10 13:01:06','',4318,'https://weeklyfxdrivethru.com/4318-revision-v1/',0,'revision','',0),(4322,1,'2014-09-11 07:14:57','2014-09-11 12:14:57','&nbsp;\r\n\r\n<strong><span style=\"font-size: 18pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 18pt;\"> from</span>\r\n<span style=\"font-size: 18pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 11th September 2014\r\nREF: #86</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nBlowout numbers last night from the Australian Employment numbers and I was tempted to go long but held back…thank goodness for that.\r\n\r\nWe were entertaining last night (2130 EDT) so I glanced at my iPad for the news did not see a massive reaction I thought that there must have been something in a statement or whatever accompanying the data so I walked away. It is quite staggering to me the drop in the commodity currencies over the past two or three days and the fact that the AUD fell on great numbers indicates the pressure which is weighing in on the commodity currencies from the weakness in precious metals (Gold, Silver and Copper) plus Iron Ore.\r\n\r\nI am really pist off that I missed this AUD and NZD sell off, although ultimately the NZD sell off is helping my AUD/NZD and GBP/NZD longs. There are no pullbacks of sorts and last night shorting the AUD/USD at 0.9200 and the NZD/USD at 0.8200 were the two trades to take. I just could not get 10 minutes to study to set entries and I was trying to be a sensible given the geopolitical background right now.\r\n\r\nOn the positive side…. I have lost no money. But I did enter the NZD/USD short (FT172) a few minutes ago at 0.8180 I got a 15pip pullback. I will add to my position if it breaks a little higher.\r\n\r\nThe GBP looks to be pulling back based upon the latest poll on the Scottish referendum, were the NO vote was c.5% up on the YES votes. The actual vote is on September 18<sup>th</sup>, up until this date I expect increasing volatility, and, quite frankly the closer we get the more I am inclined to stay away. It looks like buyers who stepped in to the GBP/USD ahead of 1.6000 are aiming for a move to fill the GAP from last weekend at 1.6312. I am still not convinced this is area to enter short…thinking about it, but not convinced.\r\n\r\nThe EUR/USD can not get a bounce there are just so many sellers in the EUR/USD, if you entered long you must be thinking WTF at the moment. Should this pair break higher I think that 1.3000 to get short would be a great area.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - Unemployment Claims.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8181\r\nCurrent Profit / Loss Position: -1 pip\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1133\r\nCurrent Profit / Loss Position: -67 pips\r\n\r\nRT149\r\nUSD/CHF\r\nLong\r\nLong at 0.9335\r\nStop at 0.9250\r\nLimit at 0.9580\r\nPresent Price: 0.9357\r\nCurrent Profit / Loss Position: +22 pips\r\n\r\nRT152\r\nUSD/CAD\r\nLong\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\nPresent Price: 1.1017\r\nCurrent Profit / Loss Position: +67 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.863\r\nCurrent Profit / Loss Position: +63 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT146\r\nAUD/USD\r\nShort at 0.9330)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful as usual geopolitical events will move the currency market violently today if FEAR hits the markets.\r\n\r\nCommodity currencies are heavy and could be the best trades today if they continue to sell off.\r\n\r\nKeep your eyes on the US$ Index (DXY) it is getting very close to a multi year breakout. This would have a sweeping effect across the Forex market.\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#86 - THE DAILY FX POST, Thursday 11th September 2014','','publish','open','closed','','86-daily-fx-post-thursday-11th-september-2014','','','2014-09-11 07:14:57','2014-09-11 12:14:57','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4322',0,'member_posts','',0),(4323,1,'2014-09-11 07:14:40','2014-09-11 12:14:40','<strong></strong>\r\n\r\n<strong><span style=\"font-size: 18pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 18pt;\"> from</span>\r\n<span style=\"font-size: 18pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Thursday 11th September 2014\r\nREF: #86</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nBlowout numbers last night from the Australian Employment numbers and I was tempted to go long but held back…thank goodness for that.\r\n\r\nWe were entertaining last night (2130 EDT) so I glanced at my iPad for the news did not see a massive reaction I thought that there must have been something in a statement or whatever accompanying the data so I walked away. It is quite staggering to me the drop in the commodity currencies over the past two or three days and the fact that the AUD fell on great numbers indicates the pressure which is weighing in on the commodity currencies from the weakness in precious metals (Gold, Silver and Copper) plus Iron Ore.\r\n\r\nI am really pist off that I missed this AUD and NZD sell off, although ultimately the NZD sell off is helping my AUD/NZD and GBP/NZD longs. There are no pullbacks of sorts and last night shorting the AUD/USD at 0.9200 and the NZD/USD at 0.8200 were the two trades to take. I just could not get 10 minutes to study to set entries and I was trying to be a sensible given the geopolitical background right now.\r\n\r\nOn the positive side…. I have lost no money. But I did enter the NZD/USD short (FT172) a few minutes ago at 0.8180 I got a 15pip pullback. I will add to my position if it breaks a little higher.\r\n\r\nThe GBP looks to be pulling back based upon the latest poll on the Scottish referendum, were the NO vote was c.5% up on the YES votes. The actual vote is on September 18<sup>th</sup>, up until this date I expect increasing volatility, and, quite frankly the closer we get the more I am inclined to stay away. It looks like buyers who stepped in to the GBP/USD ahead of 1.6000 are aiming for a move to fill the GAP from last weekend at 1.6312. I am still not convinced this is area to enter short…thinking about it, but not convinced.\r\n\r\nThe EUR/USD can not get a bounce there are just so many sellers in the EUR/USD, if you entered long you must be thinking WTF at the moment. Should this pair break higher I think that 1.3000 to get short would be a great area.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - Unemployment Claims.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8181\r\nCurrent Profit / Loss Position: -1 pip\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1133\r\nCurrent Profit / Loss Position: -67 pips\r\n\r\nRT149\r\nUSD/CHF\r\nLong\r\nLong at 0.9335\r\nStop at 0.9250\r\nLimit at 0.9580\r\nPresent Price: 0.9357\r\nCurrent Profit / Loss Position: +22 pips\r\n\r\nRT152\r\nUSD/CAD\r\nLong\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\nPresent Price: 1.1017\r\nCurrent Profit / Loss Position: +67 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.863\r\nCurrent Profit / Loss Position: +63 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT146\r\nAUD/USD\r\nShort at 0.9330)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful as usual geopolitical events will move the currency market violently today if FEAR hits the markets.\r\n\r\nCommodity currencies are heavy and could be the best trades today if they continue to sell off.\r\n\r\nKeep your eyes on the US$ Index (DXY) it is getting very close to a multi year breakout. This would have a sweeping effect across the Forex market.\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#86 - THE DAILY FX POST, Thursday 11th September 2014','','inherit','open','closed','','4322-revision-v1','','','2014-09-11 07:14:40','2014-09-11 12:14:40','',4322,'https://weeklyfxdrivethru.com/4322-revision-v1/',0,'revision','',0),(4324,1,'2014-09-11 07:14:57','2014-09-11 12:14:57','&nbsp;\r\n\r\n<strong><span style=\"font-size: 18pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 18pt;\"> from</span>\r\n<span style=\"font-size: 18pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 11th September 2014\r\nREF: #86</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nBlowout numbers last night from the Australian Employment numbers and I was tempted to go long but held back…thank goodness for that.\r\n\r\nWe were entertaining last night (2130 EDT) so I glanced at my iPad for the news did not see a massive reaction I thought that there must have been something in a statement or whatever accompanying the data so I walked away. It is quite staggering to me the drop in the commodity currencies over the past two or three days and the fact that the AUD fell on great numbers indicates the pressure which is weighing in on the commodity currencies from the weakness in precious metals (Gold, Silver and Copper) plus Iron Ore.\r\n\r\nI am really pist off that I missed this AUD and NZD sell off, although ultimately the NZD sell off is helping my AUD/NZD and GBP/NZD longs. There are no pullbacks of sorts and last night shorting the AUD/USD at 0.9200 and the NZD/USD at 0.8200 were the two trades to take. I just could not get 10 minutes to study to set entries and I was trying to be a sensible given the geopolitical background right now.\r\n\r\nOn the positive side…. I have lost no money. But I did enter the NZD/USD short (FT172) a few minutes ago at 0.8180 I got a 15pip pullback. I will add to my position if it breaks a little higher.\r\n\r\nThe GBP looks to be pulling back based upon the latest poll on the Scottish referendum, were the NO vote was c.5% up on the YES votes. The actual vote is on September 18<sup>th</sup>, up until this date I expect increasing volatility, and, quite frankly the closer we get the more I am inclined to stay away. It looks like buyers who stepped in to the GBP/USD ahead of 1.6000 are aiming for a move to fill the GAP from last weekend at 1.6312. I am still not convinced this is area to enter short…thinking about it, but not convinced.\r\n\r\nThe EUR/USD can not get a bounce there are just so many sellers in the EUR/USD, if you entered long you must be thinking WTF at the moment. Should this pair break higher I think that 1.3000 to get short would be a great area.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - Unemployment Claims.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8181\r\nCurrent Profit / Loss Position: -1 pip\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1133\r\nCurrent Profit / Loss Position: -67 pips\r\n\r\nRT149\r\nUSD/CHF\r\nLong\r\nLong at 0.9335\r\nStop at 0.9250\r\nLimit at 0.9580\r\nPresent Price: 0.9357\r\nCurrent Profit / Loss Position: +22 pips\r\n\r\nRT152\r\nUSD/CAD\r\nLong\r\nLong at 1.0950\r\nStop at 1.0870\r\nLimit at 1.1200\r\nPresent Price: 1.1017\r\nCurrent Profit / Loss Position: +67 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.863\r\nCurrent Profit / Loss Position: +63 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT146\r\nAUD/USD\r\nShort at 0.9330)\r\nStop at 0.9400\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8300\r\nStop at 0.8350\r\nLimit at 0.8000\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nRT153\r\nUSD/NOK *\r\nLong\r\nLong at 6.3090\r\nStop at 6.2650\r\nLimit at 6.3525\r\n\r\nRT154\r\nUSD/SEK *\r\nLong\r\nLong at 7.0700\r\nStop at 7.0200\r\nLimit at 7.1300\r\n\r\nRT155\r\nUSD/MXN *\r\nLong\r\nLong at 13.1550\r\nStop at 13.1300\r\nLimit at 13.2140\r\n\r\n* These trades I will amend limit targets if they enter. At the moment they are at 1:1 risk/reward. I had a problem with my Fib symbol it was not performing properly…technology!!\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful as usual geopolitical events will move the currency market violently today if FEAR hits the markets.\r\n\r\nCommodity currencies are heavy and could be the best trades today if they continue to sell off.\r\n\r\nKeep your eyes on the US$ Index (DXY) it is getting very close to a multi year breakout. This would have a sweeping effect across the Forex market.\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#86 - THE DAILY FX POST, Thursday 11th September 2014','','inherit','open','closed','','4322-revision-v1','','','2014-09-11 07:14:57','2014-09-11 12:14:57','',4322,'https://weeklyfxdrivethru.com/4322-revision-v1/',0,'revision','',0),(4325,1,'2014-09-12 07:02:43','2014-09-12 12:02:43','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Friday 12th September 2014\r\nREF: #87</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nBefore starting, I would like to welcome on board the two new members from yesterday to the subscriber list, great to have you on board for 20 weeks… hopefully you will extend at the end of that initial period.\r\n\r\nIt was quite a quiet night overnight for me. We had another  #yougov poll from the UK that placed the NO vote ahead by 4% in the Scottish referendum vote. There was volatility around the release time but since then it’s been very quiet very small ranges. The cable has had a trading range of 57 pips so far. The EUR/USD only 18 pips…it’s looking very tired.\r\n\r\nI am just so frustrated that I have missed the 300-pip fall in the AUD/USD. It looks like as we approach 0.9000 this pair should find buyers ahead of the round number. The divergence in the AUD / S&amp;P from early 2013 is now more noticeable than ever. Maybe it is now the time that the equities markets start to rollover. Just thinking, with FED raising rates this could be it.\r\n\r\nI have written the following many, many times before: -\r\n<ul>\r\n	<li>COMMODITIES LEAD THE WAY FIRST,</li>\r\n	<li>BONDS ARE STRAIGHT AFTER,</li>\r\n	<li>CURRENCIES GET ON BOARD WITH DIRECTION,</li>\r\n	<li>And,</li>\r\n	<li>The last attendees to the party are: -</li>\r\n	<li>EQUITIES.</li>\r\n</ul>\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - Core Retail Sales, Retail Sales and UoM Consumer Sentiment.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8171\r\nCurrent Profit / Loss Position: +9 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1086\r\nCurrent Profit / Loss Position: -114 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9868\r\nCurrent Profit / Loss Position: +68 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am expecting a mixed bag of data from the U.S. data that is being released later. This could offer us a nice entry in particular the EUR/USD short at around 1.3000 or 1.3050.\r\n\r\nIt is a Friday and things have been slow moving so be careful getting stuck in a trade over the weekend…definitely try to stay away from GBP/USD the UK press are going to be in overdrive on steroids with fear related articles and polls within polls this weekend over Scotland.\r\n\r\nI also include a copy of one of my ads for this weekend’s INTRODUCTION TO FOREX SEMINARS being held in Montreal. If you send friends you may have in the area along I would be grateful.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png\"><img class=\"aligncenter size-full wp-image-4244\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png\" alt=\"PSP MONTREAL SEPT2014 DROPBOX\" width=\"372\" height=\"405\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#87 - THE DAILY FX POST, Friday 12th September 2014','','publish','open','closed','','87-daily-fx-post-friday-12th-september-2014','','','2014-09-12 07:02:43','2014-09-12 12:02:43','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4325',0,'member_posts','',0),(4326,1,'2014-09-12 07:02:23','2014-09-12 12:02:23','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Friday 12th September 2014\r\nREF: #87</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nBefore starting, I would like to welcome on board the two new members from yesterday to the subscriber list, great to have you on board for 20 weeks… hopefully you will extend at the end of that initial period.\r\n\r\nIt was quite a quiet night overnight for me. We had another  #yougov poll from the UK that placed the NO vote ahead by 4% in the Scottish referendum vote. There was volatility around the release time but since then it’s been very quiet very small ranges. The cable has had a trading range of 57 pips so far. The EUR/USD only 18 pips…it’s looking very tired.\r\n\r\nI am just so frustrated that I have missed the 300-pip fall in the AUD/USD. It looks like as we approach 0.9000 this pair should find buyers ahead of the round number. The divergence in the AUD / S&amp;P from early 2013 is now more noticeable than ever. Maybe it is now the time that the equities markets start to rollover. Just thinking, with FED raising rates this could be it.\r\n\r\nI have written the following many, many times before: -\r\n<ul>\r\n	<li>COMMODITIES LEAD THE WAY FIRST,</li>\r\n	<li>BONDS ARE STRAIGHT AFTER,</li>\r\n	<li>CURRENCIES GET ON BOARD WITH DIRECTION,</li>\r\n	<li>And,</li>\r\n	<li>The last attendees to the party are: -</li>\r\n	<li>EQUITIES.</li>\r\n</ul>\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - Core Retail Sales, Retail Sales and UoM Consumer Sentiment.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8171\r\nCurrent Profit / Loss Position: +9 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1086\r\nCurrent Profit / Loss Position: -114 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9868\r\nCurrent Profit / Loss Position: +68 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am expecting a mixed bag of data from the U.S. data that is being released later. This could offer us a nice entry in particular the EUR/USD short at around 1.3000 or 1.3050.\r\n\r\nIt is a Friday and things have been slow moving so be careful getting stuck in a trade over the weekend…definitely try to stay away from GBP/USD the UK press are going to be in overdrive on steroids with fear related articles and polls within polls this weekend over Scotland.\r\n\r\nI also include a copy of one of my ads for this weekend’s INTRODUCTION TO FOREX SEMINARS being held in Montreal. If you send friends you may have in the area along I would be grateful.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png\"><img class=\"aligncenter size-full wp-image-4244\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png\" alt=\"PSP MONTREAL SEPT2014 DROPBOX\" width=\"372\" height=\"405\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#87 - THE DAILY FX POST, Friday 12th September 2014','','inherit','open','closed','','4325-revision-v1','','','2014-09-12 07:02:23','2014-09-12 12:02:23','',4325,'https://weeklyfxdrivethru.com/4325-revision-v1/',0,'revision','',0),(4327,1,'2014-09-12 07:02:43','2014-09-12 12:02:43','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Friday 12th September 2014\r\nREF: #87</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nBefore starting, I would like to welcome on board the two new members from yesterday to the subscriber list, great to have you on board for 20 weeks… hopefully you will extend at the end of that initial period.\r\n\r\nIt was quite a quiet night overnight for me. We had another  #yougov poll from the UK that placed the NO vote ahead by 4% in the Scottish referendum vote. There was volatility around the release time but since then it’s been very quiet very small ranges. The cable has had a trading range of 57 pips so far. The EUR/USD only 18 pips…it’s looking very tired.\r\n\r\nI am just so frustrated that I have missed the 300-pip fall in the AUD/USD. It looks like as we approach 0.9000 this pair should find buyers ahead of the round number. The divergence in the AUD / S&amp;P from early 2013 is now more noticeable than ever. Maybe it is now the time that the equities markets start to rollover. Just thinking, with FED raising rates this could be it.\r\n\r\nI have written the following many, many times before: -\r\n<ul>\r\n	<li>COMMODITIES LEAD THE WAY FIRST,</li>\r\n	<li>BONDS ARE STRAIGHT AFTER,</li>\r\n	<li>CURRENCIES GET ON BOARD WITH DIRECTION,</li>\r\n	<li>And,</li>\r\n	<li>The last attendees to the party are: -</li>\r\n	<li>EQUITIES.</li>\r\n</ul>\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - Core Retail Sales, Retail Sales and UoM Consumer Sentiment.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8171\r\nCurrent Profit / Loss Position: +9 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1086\r\nCurrent Profit / Loss Position: -114 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9868\r\nCurrent Profit / Loss Position: +68 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am expecting a mixed bag of data from the U.S. data that is being released later. This could offer us a nice entry in particular the EUR/USD short at around 1.3000 or 1.3050.\r\n\r\nIt is a Friday and things have been slow moving so be careful getting stuck in a trade over the weekend…definitely try to stay away from GBP/USD the UK press are going to be in overdrive on steroids with fear related articles and polls within polls this weekend over Scotland.\r\n\r\nI also include a copy of one of my ads for this weekend’s INTRODUCTION TO FOREX SEMINARS being held in Montreal. If you send friends you may have in the area along I would be grateful.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png\"><img class=\"aligncenter size-full wp-image-4244\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png\" alt=\"PSP MONTREAL SEPT2014 DROPBOX\" width=\"372\" height=\"405\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#87 - THE DAILY FX POST, Friday 12th September 2014','','inherit','open','closed','','4325-revision-v1','','','2014-09-12 07:02:43','2014-09-12 12:02:43','',4325,'https://weeklyfxdrivethru.com/4325-revision-v1/',0,'revision','',0),(4338,1,'2014-09-12 16:53:19','2014-09-12 21:53:19','','TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY','','inherit','open','closed','','trading-mistakes-that-may-be-limiting-your-profitability','','','2014-09-12 17:29:02','2014-09-12 22:29:02','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf',0,'attachment','application/pdf',0),(4339,1,'2014-09-13 06:38:36','2014-09-13 11:38:36','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\"><img class=\"aligncenter size-full wp-image-4335\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\" alt=\"PREM SERV PROFITS2 13092014\" width=\"461\" height=\"407\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactively in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> </strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n<strong> </strong>\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADER TOPICS:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</span></strong><strong> </strong><strong>\r\n</strong></p>\r\nIf you have been trading for sometime and moving from the breakeven stage in your trading development, you are now on the select group that can call themselves consistently profitable.\r\n\r\nNow that your trading has elevated to the next level, you feel comfortable but maybe you are not 100% happy, as you are not really moving forward on improving your profitability. You are basically making money, but you know that you can do better.\r\n\r\nLet me highlight a few items that maybe limiting your profitability.\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>IMPROPER POSITION SIZING:</li>\r\n</ol>\r\nThis as you know if you regularly read my blogs etc is in my opinion one of the major key elements of RISK MANAGEMENT that can spell the difference between “catching a big fish or snagging a small fry”. This goes beyond knowing how much you stand to lose – you also have to know when to trade big and when to minimize your risk exposure, providing of course it is detailed within your TRADE PLAN.\r\n\r\nWhen the market is trading in your direction and you are dealing with a high probability set-up with a large potential reward, it can be a good idea to increase your position size, but once again it’s all about your TRADE PLAN.\r\n\r\nOn the other hand, if you feel that there’s a great deal of uncertainty involved and the potential return does not look as good, it is best to reduce your position size and trade with a smaller position.\r\n\r\nThis is pure common sense.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>INABILITY TO ADAPT TO THE MARKET ENVIRONMENT:</li>\r\n</ol>\r\nTo maximize the moves in the markets, as traders we have to be 100% flexible and know and understand how to adjust to the changing market conditions.\r\n\r\nObviously, you cannot expect a big swing move when volatility is low and when the market is trading in a tight range. It simply just does not work that way you have to be reasonable with your expectations and always plan your trades with the market environment in mind.\r\n\r\nPLAN YOUR TRADES and TRADE YOUR PLAN.\r\n\r\nRemember, YOU must adapt to the market not the other way around.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>FEAR:</li>\r\n</ol>\r\nI have written many times that FEAR and GREED dominate all psychology when trading.\r\n\r\nJumping into a long trade when the currency pair has already risen and shorting after a pair has already fallen may help sometimes as you ride on a momentum move but this approach has drawbacks.\r\n\r\nFirstly, you did not achieve the best entry price. This can dramatically affect your risk – to – reward ratio. Secondly, your late entry to the trade elevates your risk and makes you vulnerable to pullbacks.\r\n\r\nIt is often written that the TREND IS YOUR FRIEND, but you should be aware that your fear of entering might keep you from taking the trade at the best price. Fear can lead you to jump in at the wrong times, when the market may have already moved a lot. This is called “chasing the market”.\r\n\r\n&nbsp;\r\n\r\nAlways try to be on the lookout for these things. Just because your account is positive doesn’t always mean that you should not try to improve. This is the beauty of Forex trading; there is always room for improvement.\r\n\r\nBy becoming more aware of position sizing, your capacity to adapt to the market environments, and fear, you can raise the performance bar higher.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8135\r\nCurrent Profit / Loss Position: +45 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1059\r\nCurrent Profit / Loss Position: -141 pips\r\n(This trade is now hedged at a 100 pip loss<strong>)</strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9800\r\nStop Loss: 1.9000\r\nLimit / Target: 2.2350\r\nWeekly Closing Price: 1.9925\r\nCurrent Profit / Loss Position: +125 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nI will be looking to add trades based upon the Sunday night open. Due to many geopolitical news events hanging over the markets, I would rather review trades early next week.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe 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<span style=\"font-size: 12pt;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"font-size: 12pt;\">SHORT:</span>\r\n\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\n\r\n<strong> </strong>\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>10<strong>. </strong><span style=\"font-size: 14pt;\"><strong>FINAL THOUGHTS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','publish','open','closed','','fireworks-ahead-cable-forget-fed','','','2014-09-13 06:38:36','2014-09-13 11:38:36','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4339',0,'member_posts','',0),(4340,1,'2014-09-12 17:10:23','2014-09-12 22:10:23','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\"><img class=\"aligncenter size-full wp-image-4335\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\" alt=\"PREM SERV PROFITS2 13092014\" width=\"461\" height=\"407\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactivity in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> </strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n<strong> </strong>\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADER TOPICS:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</span></strong><strong> </strong><strong>\r\n</strong></p>\r\nIf you have been trading for sometime and moving from the breakeven stage in your trading development, you are now on the select group that can call themselves consistently profitable.\r\n\r\nNow that your trading has elevated to the next level, you feel comfortable but maybe you are not 100% happy, as you are not really moving forward on improving your profitability. You are basically making money, but you know that you can do better.\r\n\r\nLet me highlight a few items that maybe limiting your profitability.\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>IMPROPER POSITION SIZING:</li>\r\n</ol>\r\nThis as you know if you regularly read my blogs etc is in my opinion one of the major key elements of RISK MANAGEMENT that can spell the difference between “catching a big fish or snagging a small fry”. This goes beyond knowing how much you stand to lose – you also have to know when to trade big and when to minimize your risk exposure, providing of course it is detailed within your TRADE PLAN.\r\n\r\nWhen the market is trading in your direction and you are dealing with a high probability set-up with a large potential reward, it can be a good idea to increase your position size, but once again it’s all about your TRADE PLAN.\r\n\r\nOn the other hand, if you feel that there’s a great deal of uncertainty involved and the potential return does not look as good, it is best to reduce your position size and trade with a smaller position.\r\n\r\nThis is pure common sense.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>INABILITY TO ADAPT TO THE MARKET ENVIRONMENT:</li>\r\n</ol>\r\nTo maximize the moves in the markets, as traders we have to be 100% flexible and know and understand how to adjust to the changing market conditions.\r\n\r\nObviously, you cannot expect a big swing move when volatility is low and when the market is trading in a tight range. It simply just does not work that way you have to be reasonable with your expectations and always plan your trades with the market environment in mind.\r\n\r\nPLAN YOUR TRADES and TRADE YOUR PLAN.\r\n\r\nRemember, YOU must adapt to the market not the other way around.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>FEAR:</li>\r\n</ol>\r\nI have written many times that FEAR and GREED dominate all psychology when trading.\r\n\r\nJumping into a long trade when the currency pair has already risen and shorting after a pair has already fallen may help sometimes as you ride on a momentum move but this approach has drawbacks.\r\n\r\nFirstly, you did not achieve the best entry price. This can dramatically affect your risk – to – reward ratio. Secondly, your late entry to the trade elevates your risk and makes you vulnerable to pullbacks.\r\n\r\nIt is often written that the TREND IS YOUR FRIEND, but you should be aware that your fear of entering might keep you from taking the trade at the best price. Fear can lead you to jump in at the wrong times, when the market may have already moved a lot. This is called “chasing the market”.\r\n\r\n&nbsp;\r\n\r\nAlways try to be on the lookout for these things. Just because your account is positive doesn’t always mean that you should not try to improve. This is the beauty of Forex trading; there is always room for improvement.\r\n\r\nBy becoming more aware of position sizing, your capacity to adapt to the market environments, and fear, you can raise the performance bar higher.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8135\r\nCurrent Profit / Loss Position: +45 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1059\r\nCurrent Profit / Loss Position: -141 pips\r\n(This trade is now hedged at a 100 pip loss<strong>)</strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9800\r\nStop Loss: 1.9000\r\nLimit / Target: 2.2350\r\nWeekly Closing Price: 1.9925\r\nCurrent Profit / Loss Position: +125 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nI will be looking to add trades based upon the Sunday night open. Due to many geopolitical news events hanging over the markets, I would rather review trades early next week.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe 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<span style=\"font-size: 12pt;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"font-size: 12pt;\">SHORT:</span>\r\n\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\n\r\n<strong> </strong>\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>10<strong>. </strong><span style=\"font-size: 14pt;\"><strong>FINAL THOUGHTS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','inherit','open','closed','','4339-revision-v1','','','2014-09-12 17:10:23','2014-09-12 22:10:23','',4339,'https://weeklyfxdrivethru.com/4339-revision-v1/',0,'revision','',0),(4341,1,'2014-09-12 17:11:46','2014-09-12 22:11:46','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\"><img class=\"aligncenter size-full wp-image-4335\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\" alt=\"PREM SERV PROFITS2 13092014\" width=\"461\" height=\"407\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactively in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> </strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n<strong> </strong>\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADER TOPICS:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</span></strong><strong> </strong><strong>\r\n</strong></p>\r\nIf you have been trading for sometime and moving from the breakeven stage in your trading development, you are now on the select group that can call themselves consistently profitable.\r\n\r\nNow that your trading has elevated to the next level, you feel comfortable but maybe you are not 100% happy, as you are not really moving forward on improving your profitability. You are basically making money, but you know that you can do better.\r\n\r\nLet me highlight a few items that maybe limiting your profitability.\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>IMPROPER POSITION SIZING:</li>\r\n</ol>\r\nThis as you know if you regularly read my blogs etc is in my opinion one of the major key elements of RISK MANAGEMENT that can spell the difference between “catching a big fish or snagging a small fry”. This goes beyond knowing how much you stand to lose – you also have to know when to trade big and when to minimize your risk exposure, providing of course it is detailed within your TRADE PLAN.\r\n\r\nWhen the market is trading in your direction and you are dealing with a high probability set-up with a large potential reward, it can be a good idea to increase your position size, but once again it’s all about your TRADE PLAN.\r\n\r\nOn the other hand, if you feel that there’s a great deal of uncertainty involved and the potential return does not look as good, it is best to reduce your position size and trade with a smaller position.\r\n\r\nThis is pure common sense.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>INABILITY TO ADAPT TO THE MARKET ENVIRONMENT:</li>\r\n</ol>\r\nTo maximize the moves in the markets, as traders we have to be 100% flexible and know and understand how to adjust to the changing market conditions.\r\n\r\nObviously, you cannot expect a big swing move when volatility is low and when the market is trading in a tight range. It simply just does not work that way you have to be reasonable with your expectations and always plan your trades with the market environment in mind.\r\n\r\nPLAN YOUR TRADES and TRADE YOUR PLAN.\r\n\r\nRemember, YOU must adapt to the market not the other way around.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>FEAR:</li>\r\n</ol>\r\nI have written many times that FEAR and GREED dominate all psychology when trading.\r\n\r\nJumping into a long trade when the currency pair has already risen and shorting after a pair has already fallen may help sometimes as you ride on a momentum move but this approach has drawbacks.\r\n\r\nFirstly, you did not achieve the best entry price. This can dramatically affect your risk – to – reward ratio. Secondly, your late entry to the trade elevates your risk and makes you vulnerable to pullbacks.\r\n\r\nIt is often written that the TREND IS YOUR FRIEND, but you should be aware that your fear of entering might keep you from taking the trade at the best price. Fear can lead you to jump in at the wrong times, when the market may have already moved a lot. This is called “chasing the market”.\r\n\r\n&nbsp;\r\n\r\nAlways try to be on the lookout for these things. Just because your account is positive doesn’t always mean that you should not try to improve. This is the beauty of Forex trading; there is always room for improvement.\r\n\r\nBy becoming more aware of position sizing, your capacity to adapt to the market environments, and fear, you can raise the performance bar higher.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8135\r\nCurrent Profit / Loss Position: +45 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1059\r\nCurrent Profit / Loss Position: -141 pips\r\n(This trade is now hedged at a 100 pip loss<strong>)</strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9800\r\nStop Loss: 1.9000\r\nLimit / Target: 2.2350\r\nWeekly Closing Price: 1.9925\r\nCurrent Profit / Loss Position: +125 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nI will be looking to add trades based upon the Sunday night open. Due to many geopolitical news events hanging over the markets, I would rather review trades early next week.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe 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<span style=\"font-size: 12pt;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"font-size: 12pt;\">SHORT:</span>\r\n\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\n\r\n<strong> </strong>\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>10<strong>. </strong><span style=\"font-size: 14pt;\"><strong>FINAL THOUGHTS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','inherit','open','closed','','4339-revision-v1','','','2014-09-12 17:11:46','2014-09-12 22:11:46','',4339,'https://weeklyfxdrivethru.com/4339-revision-v1/',0,'revision','',0),(4342,1,'2014-09-13 06:44:05','2014-09-13 11:44:05','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE:  </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"font-size: 12pt;\">2.1 OVERVIEW:</span>\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\">2.3 NEWS UPDATE:</span>\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM and Sunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactively in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n&nbsp;\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','publish','open','closed','','fireworks-ahead-cable-forget-fed','','','2014-09-13 06:44:56','2014-09-13 11:44:56','',0,'https://weeklyfxdrivethru.com/?p=4342',0,'post','',0),(4343,1,'2014-09-12 17:24:15','2014-09-12 22:24:15','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: – </span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<p style=\"text-align: center;\"></p>\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe\r\n\r\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n&nbsp;\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactivity in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n&nbsp;\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','inherit','open','closed','','4342-revision-v1','','','2014-09-12 17:24:15','2014-09-12 22:24:15','',4342,'https://weeklyfxdrivethru.com/4342-revision-v1/',0,'revision','',0),(4344,1,'2014-09-12 17:25:32','2014-09-12 22:25:32','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: – </span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe\r\n\r\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n&nbsp;\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM and Sunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactively in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n&nbsp;\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','inherit','open','closed','','4342-revision-v1','','','2014-09-12 17:25:32','2014-09-12 22:25:32','',4342,'https://weeklyfxdrivethru.com/4342-revision-v1/',0,'revision','',0),(4347,1,'2014-09-12 17:29:09','2014-09-12 22:29:09','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-09-12 17:29:09','2014-09-12 22:29:09','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4348,1,'2014-09-13 06:38:36','2014-09-13 11:38:36','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\"><img class=\"aligncenter size-full wp-image-4335\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-13092014.png\" alt=\"PREM SERV PROFITS2 13092014\" width=\"461\" height=\"407\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactively in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> </strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n<strong> </strong>\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADER TOPICS:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</span></strong><strong> </strong><strong>\r\n</strong></p>\r\nIf you have been trading for sometime and moving from the breakeven stage in your trading development, you are now on the select group that can call themselves consistently profitable.\r\n\r\nNow that your trading has elevated to the next level, you feel comfortable but maybe you are not 100% happy, as you are not really moving forward on improving your profitability. You are basically making money, but you know that you can do better.\r\n\r\nLet me highlight a few items that maybe limiting your profitability.\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>IMPROPER POSITION SIZING:</li>\r\n</ol>\r\nThis as you know if you regularly read my blogs etc is in my opinion one of the major key elements of RISK MANAGEMENT that can spell the difference between “catching a big fish or snagging a small fry”. This goes beyond knowing how much you stand to lose – you also have to know when to trade big and when to minimize your risk exposure, providing of course it is detailed within your TRADE PLAN.\r\n\r\nWhen the market is trading in your direction and you are dealing with a high probability set-up with a large potential reward, it can be a good idea to increase your position size, but once again it’s all about your TRADE PLAN.\r\n\r\nOn the other hand, if you feel that there’s a great deal of uncertainty involved and the potential return does not look as good, it is best to reduce your position size and trade with a smaller position.\r\n\r\nThis is pure common sense.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>INABILITY TO ADAPT TO THE MARKET ENVIRONMENT:</li>\r\n</ol>\r\nTo maximize the moves in the markets, as traders we have to be 100% flexible and know and understand how to adjust to the changing market conditions.\r\n\r\nObviously, you cannot expect a big swing move when volatility is low and when the market is trading in a tight range. It simply just does not work that way you have to be reasonable with your expectations and always plan your trades with the market environment in mind.\r\n\r\nPLAN YOUR TRADES and TRADE YOUR PLAN.\r\n\r\nRemember, YOU must adapt to the market not the other way around.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>FEAR:</li>\r\n</ol>\r\nI have written many times that FEAR and GREED dominate all psychology when trading.\r\n\r\nJumping into a long trade when the currency pair has already risen and shorting after a pair has already fallen may help sometimes as you ride on a momentum move but this approach has drawbacks.\r\n\r\nFirstly, you did not achieve the best entry price. This can dramatically affect your risk – to – reward ratio. Secondly, your late entry to the trade elevates your risk and makes you vulnerable to pullbacks.\r\n\r\nIt is often written that the TREND IS YOUR FRIEND, but you should be aware that your fear of entering might keep you from taking the trade at the best price. Fear can lead you to jump in at the wrong times, when the market may have already moved a lot. This is called “chasing the market”.\r\n\r\n&nbsp;\r\n\r\nAlways try to be on the lookout for these things. Just because your account is positive doesn’t always mean that you should not try to improve. This is the beauty of Forex trading; there is always room for improvement.\r\n\r\nBy becoming more aware of position sizing, your capacity to adapt to the market environments, and fear, you can raise the performance bar higher.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8030\r\nLimit at: 0.7800\r\nPresent Price: 0.8135\r\nCurrent Profit / Loss Position: +45 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 1.1059\r\nCurrent Profit / Loss Position: -141 pips\r\n(This trade is now hedged at a 100 pip loss<strong>)</strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9800\r\nStop Loss: 1.9000\r\nLimit / Target: 2.2350\r\nWeekly Closing Price: 1.9925\r\nCurrent Profit / Loss Position: +125 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\nI will be looking to add trades based upon the Sunday night open. Due to many geopolitical news events hanging over the markets, I would rather review trades early next week.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe 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<span style=\"font-size: 12pt;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"font-size: 12pt;\">SHORT:</span>\r\n\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\n\r\n<strong> </strong>\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>10<strong>. </strong><span style=\"font-size: 14pt;\"><strong>FINAL THOUGHTS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','inherit','open','closed','','4339-revision-v1','','','2014-09-13 06:38:36','2014-09-13 11:38:36','',4339,'https://weeklyfxdrivethru.com/4339-revision-v1/',0,'revision','',0),(4349,1,'2014-09-13 06:43:40','2014-09-13 11:43:40','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nIt has been a great week for volatility. Mario Draghi set the ball rolling and the Scottish referendum has kept the markets busy looking at voter’s polls ahead of the actual vote on Thursday 18<sup>th</sup> September.\r\n\r\nI will be closing all of my live trades and canceling all of my limit orders. This is the sensible way to manage risk in my opinion, ahead of these major news events, even though they do not happen until later in the week ahead.\r\n\r\nFrom a trading perspective it was a good week last week and from my own point of view more trades and better $$$ returns than the previous week. Long may this trend continue.\r\n\r\nGiven that we have the FED going in one direction with monetary policy and the ECB heading in the complete opposite direction, I believe that we are going to see direction trading coming back into play, and, lets be frank, this is long overdue. Trading over the past 9-10 months has been difficult, painful and at times expensive. Hopefully, now we will see a strong US$ as we move forward. If equities were to roll over as well and give the market the pullback so many people have been waiting for, this will also give directional trading.\r\n\r\nThe US$ index, whether you look at it under the symbol DXY (below) or through the more weighted FXCM index, suggests that we are very close to a massive breakout, which if it occurred would see the EUR/USD at 1.2000 or below. A breakout above 85.00 could set up a move to 94.00 and this would coincide with the EUR/USD at levels just mentioned (see charts below).\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014.png\"><img class=\"aligncenter size-large wp-image-4328\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-13092014-1024x524.png\" alt=\"DXY 13092014\" width=\"1024\" height=\"524\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs regular readers know today (Saturday 13<sup>th</sup> September) and tomorrow I am holding a series of 5 seminars in Montreal called “ AN INTRODUCTION TO FOREX TRADING” coupled with my PREMIUM SERVICE programme.\r\n\r\nI have been spending some time with rehearsals and refining my PowerPoint slides for the attendees plus handouts etc. I am really looking forward to the presentations, if successful tour T-shirts will be available soon!\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE:  </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"font-size: 12pt;\">2.1 OVERVIEW:</span>\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nLast week was a much-improved week over the previous one, as I had greater opportunities to take advantage of the market moves, plus the fact the previous week was only 4 days and my return to trading after the summer break. This is reflected in the trade summary excel spreadsheets in section 2.4.\r\n\r\nI had a large number of limit orders last week that were never triggered. This can happen. There are certain trades that I will not chase; in fact, I try not to chase any pair lower or higher. I had limit orders in fast moving pairs like USD/NOK. USD/SEK and USD/MXN these are pairs that I believe you must be very disciplined with. They move so far so fast and should you chase them from your entry level you usually get whipped.\r\n\r\nAs I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\">2.3 NEWS UPDATE:</span>\r\n\r\nLater today, I am in the following location holding my seminars AN INTRODUCTION TO FOREX TRADING and the PREMIUM SERVICE.\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM and Sunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\"><img class=\"aligncenter size-full wp-image-4334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-13092104.png\" alt=\"PREM SERV PROFITS1 13092104\" width=\"450\" height=\"410\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED</strong></span></p>\r\nThose of you who know me know that I am half English and half Scottish. The referendum is of great interest to me as I still have some family living in Edinburgh.\r\n\r\nI have been fairly active on twitter and in my daily blog for PREMIUM SERVICE subscribers THE DAILY FX POST about my thoughts and feelings as the actual voting day draws nearer. Regular readers will know that I have little time for most politicians from whatever country as to me they are generally self serving personalities with little respect or understanding of real life day to day issues. I see them in the main as detached individuals working within party lines only interested in the popular vote and not real issues that concern their electorates. That said, their jobs are thankless and quite frankly deep down I admire people who put themselves forward for public office who want to contribute to change, but sadly only a few politicians enter politics for this reason.\r\n\r\nI know that I sound like I am on my soap box, and, I suppose I am, but they are points that continue to resonate with me as I look from a distance at what is being done in the UK from Westminster in an attempt to win a NO vote and have Scotland remain in the union (UK).\r\n\r\nIt is sadly, maybe, “TOO LITTLE TO LATE”.\r\n\r\nAll three party leaders went to Scotland, no doubt having nose-bleeds as they travelled past Carlisle or Newcastle on the way north to Edinburgh and Glasgow.\r\n\r\nOutsiders will never understand, but ever since the landing of North Sea Oil, many Scots see this as the family treasure being wasted by idiotic politicians in London who do not represent the needs of Scotland’s population. I know that there are counter arguments about health, foreign policies, security etc, but the guy on the street in Glasgow just does not see it this way.\r\n\r\nMany areas of Scotland are starved of investment and unemployment is high. The Scots believe that if they had control of the oil monies they would use this to create jobs, areas of expertise and fund directly to where the cash is required. This argument is also true for many parts of England as well, who feel that it’s all about London and the South East.\r\n\r\nPoliticians journeyed north to try and change the thoughts that have been embedded for generations. Westminster grossly under-estimated the feeling. They probably spoke to big business, who, like RBS have stated they will re-locate to London if the vote is YES.\r\n\r\nI just hate reactivity and not proactively in these matters and once again the politicians in Westminster did not plan, did not schedule, they sat back and were complacent. Now it’s running around like headless chickens time. This gives the YES vote the initiative.\r\n\r\nThe one point that will cause volatility in the run up to Thursday’s vote as well as sample polls of voting intentions is the number of big businesses that threaten to move out of the financial centre of Edinburgh. To replace these jobs would be extremely difficult and would take years to regenerate the investment. This will help the NO vote, as voters will be voting with FEAR. How many people are going to vote YES, and then do this in the full knowledge that their job is going to be re-located to London. It is like Turkeys voting for Thanksgiving or Christmas.\r\n\r\nLast weekends YES poll that showed a majority of voters in favour of independence, sent shivers through the markets and had MP’s scrambling for airline seats to travel north to Scotland from Westminster to try and win over support for the then ailing NO vote. The reaction from GBP through the GBP/USD was swift and clean. An opening gap lower a week ago by over 150 pips did not fill, in fact, and, on the Monday after Sunday’s open the cable traded down over 225 pips.\r\n\r\nOver the next couple of days more polls were released and the NO vote was back on top by 5%. The markets in crazy mode rallied, but I think looking at the moves we should as traders consider the following with regards to the GBP/USD ahead of Thursday’s vote.\r\n\r\nThe best plan is to avoid the GBP/USD. This is the best approach looking at Forex trading as a RISK ASSESSOR. Why should you deliberately take on risk when you do not need to? It is guesswork as to how the vote will result. You could guess correct…. But…. You could guess wrong.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>STAY WAY FROM THE GBP.</strong></span>\r\n\r\nIf it were only the GBP effects from the Scottish Referendum that we had to consider this week this would be enough but we have FOMC Economic Projections, a FOMC Statement, FED Funds rate and Press Conference to look forward to.\r\n\r\nThere are rumours about; that the FED narrative that accompanies the FOMC statements are going to change to outline a more aggressive hawkish tone regarding the timetable for increasing interest rates.\r\n\r\nAs I said last week: -\r\n\r\n<em>“I think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves”</em>\r\n\r\nWe could see the start of effects of US$ strength coming through the markets. Do not underestimate the moves that could be made.\r\n\r\nEven though the FED started tightening last year, the effects of this have yet to be seen and I think that a change in FED tone could be just what the doctor ordered for some directional Forex moves.\r\n\r\nSo, I believe we could have fireworks two days on the run this week, Wednesday with the FOMC and Thursday with the Scottish Vote.\r\n\r\nIf the FED announces rate increases from the end of this year instead of early next year and Scotland votes YES…… the GBP/USD could be a good short trade sub 1.6000 to 1.5550…just saying.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-MONTHLY-13092014-1024x540.png\" alt=\"GBPUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a>\r\n\r\n&nbsp;\r\n\r\nIgnoring cable we could see the start of the EUR/USD run to 1.2000. There are potentially huge moves available.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014.png\"><img class=\"aligncenter size-large wp-image-4337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-MONTHLY-13092014-1024x540.png\" alt=\"EURUSD MONTHLY 13092014\" width=\"1024\" height=\"540\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\nBe careful, do not take on unnecessary risk, this is not what trading is about. Always trade as per your TRADING PLAN and within your RISK TOLERANCE / MANAGEMENT guidelines.\r\n\r\nRemember, there is a market every day, and to be forewarned is forearmed.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2962.</strong> I feel we have just been consolidating the past week. There have been a few moves lower but buyers have stepped in bringing the pair back to the mid-range between 1.2860 and 1.3000. We have not really tested the higher parts of the range and, if like me, you are not yet short the EUR/USD around 1.3000 would look to be an excellent area in which to establish a short trade.\r\nThe range is as previously stated support at 1.2860 and resistance at 1.3000. My bias is BEARISH.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6262</strong>. This is a very volatile currency pair at the moment. Personally, I am avoiding the cable like the plague. This weekend is the final one ahead of the Scottish Referendum vote and I can guarantee you that this British press will be on steroids this weekend producing poll after poll and rumour after rumour. I am looking at 1.6100 to 1.6300 as being the rather large range to observe. If we get a break higher or lower out of this range fair enough… but be careful and be aware of false moves. The RISK MANAGEMENT trade is to stay away until after the votes have been counted and released.\r\nThe trading range to observe in my opinion is 1.6100 support to 1.6300 resistance.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9037</strong>. The sell-off continues, what a nice fall in the AUD and I missed all of it, all of the +300 pips. I am expecting buyers to step in ahead of 0.9000, but whether or not they hold up the drop is debatable. In any event I am hoping for a 60-80-pip bounce to enable traders like myself to establish a short position.\r\nSupport is at 0.9000 and resistance at 0.9110. My bias is BEARISH.\r\n\r\n<strong>NZD/USD: Closing Price 0.8135</strong>. A nice continued fall in the NZD/USD, this pair could really be ready for sub 0.8000 soon. Looking forward I see about 0.7200 to 0.7500 as probably the area of exchange with the NZD/USD that the RBNZ would prefer.\r\nFor now support is at 0.8100 and resistance at 0.8220. My bias is BEARISH.\r\n\r\n<strong>USD/CAD: Closing Price 1.1089.</strong> This pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again.\r\nThe range for me is support at 1.1030 and resistance at 1.1140. My bias is BULLISH.\r\n\r\n<strong>USD/CHF: Closing Price 0.9317</strong>. The SNB has indicated that it is not averse to negative deposit rates. We have a SNB announcement this week, all eyes on this one. The fact that SNB officials have been out and about spouting it could be read that an official announcement could be made about both the negative interest rates and the EUR/CHF peg at 1.2000. The EUR/CHF peg at 1.2000 is critical to the SNB and they will defend it at all costs.\r\nThe support level is 0.9285 and resistance at 0.9400. My bias is BULLISH.\r\n\r\n<strong>USD/JPY: Closing Price 107.37. </strong>I nearly had a nose bleed last week; I am considering going long the USD/JPY. By the time I had thought it through the damn pair had moved up 100+ pips. I do however have a limit order entry in place, as PREMIUM SERVICE subscribers are aware<strong>.\r\n</strong>Support now is at 1.0680 and resistance at 1.0750. My bias is BULLISH.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\n\r\nWEDNESDAY: GBP – Employment Statistics and MPC Vote results.\r\nWEDNESDAY: USD – Core CPi.\r\nWEDNESDAY: USD – FOMC Statement &amp; Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Monetary Policy Statement.\r\nTHURSDAY: GBP – Scottish Independence Vote\r\n\r\nFRIDAY: CAD – Core CPi and Wholesale Sales\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some big news events on the horizon over the coming week.\r\n\r\nI think that we should exercise a little caution ahead of these data releases. The FED is widely expected to change tone, but until you hear it from the horses mouth…. Believe nothing… do NOT anticipate.\r\n\r\nOver the past three years of the WEEKLY FX DRIVE THRU, I think I always close the blog with a be careful warning and I do this because there are always new readers.\r\n\r\nIt is so easy to get suckered into a Forex trade the wrong way and then when you exit it costs you money. It is always better in my opinion to take less profit but take profits more than losses and have more profitable trades. $$ in your trading account is always a motivation.\r\n\r\nYou will always read about traders making +300 or +450 pips on a trade, you never however hear of their loss trades, which I suspect will be of similar proportions or higher. My goal is an average of 50-90 pips a time given the present market conditions; in a directional market I can set larger goals. I would rather take a 50-pip profit and sell again on pullbacks to take another 50 pips or so. Remember there are two sides to each trade, my trades are published, good or bad ones…. My book is measurable each day/week/month.\r\n\r\nDo not get suckered into believing something that is NOT actually there.\r\n\r\nAs I always say, no mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 13th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','FIREWORKS AHEAD IN CABLE BUT DO NOT FORGET ABOUT THE FED','','inherit','open','closed','','4342-revision-v1','','','2014-09-13 06:43:40','2014-09-13 11:43:40','',4342,'https://weeklyfxdrivethru.com/4342-revision-v1/',0,'revision','',0),(4352,1,'2014-09-15 07:47:09','2014-09-15 12:47:09','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Monday 15<sup>th</sup> September 2014\r\nREF: #88</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nI was expecting fireworks in the cable over the weekend. There were 4 surveys that said NO and one that said YES. Looking at the TV news and the rhetoric used on TV and some great quotes from newsprint over the past few days I think that the Scottish voters are now probably “punch drunk” on the whole matter now. Political overkill is in play.\r\n\r\nWhatever, GBP/USD appears to have decided to settle down and just range instead of wild moves. I would still stay away until after the votes are cast, you just do not know what is around the corner politically. David Cameron (UK Prime Minister) is heading north once again today, and given the fact the Scots hate the Tories (Conservatives), I would say that Alex Salmond (The Scottish Nationalist Party Leader) is lapping this up as a desperation move playing right into his hand.\r\n\r\nNice bounces off the lows last night with AUD/USD and NZD/USD. I have entered the AUD/USD short now (FT173). With regards to the NZD/USD, as tweeted last night I took 50% of my position size off the table at 0.8128 and on the subsequent bounce I have added it back at 0.8166.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nAUD: - Monetary Policy Meeting Minutes.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8230\r\nLimit at: 0.7800\r\nPresent Price: 0.8164\r\nCurrent Profit / Loss Position: +16 pips\r\n\r\nFT173\r\nAUD/USD\r\nShort\r\nEntry at 0.9022\r\nStop Loss at 0.9110\r\nLimit at 0.8500\r\nPresent Position: 0.9024\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1051\r\nCurrent Profit / Loss Position: -149 pips\r\n(This trade is now hedged at -125 pips)\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9889\r\nCurrent Profit / Loss Position: +89 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am not expecting too much volatility ahead of the FED on Wednesday. As usual ahead of a major news event I am expecting most currencies to head towards mid-range positions over the next 24-36 hours and the daily movements to calm down.\r\n\r\nI have a few set ups in mind on how I intend to trade the FOMC news based upon whether Yellen is going to be dovish as usual or more hawkish as predicted. I will tweet these soon, or to be fair to subscribers who do not use Twitter I will place these ideas in this communication.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#88 - THE DAILY FX POST, Monday 15th September 2014','','inherit','open','closed','','4351-revision-v1','','','2014-09-15 07:47:09','2014-09-15 12:47:09','',4351,'https://weeklyfxdrivethru.com/4351-revision-v1/',0,'revision','',0),(4353,1,'2014-09-15 07:49:01','2014-09-15 12:49:01','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 15<sup>th</sup> September 2014\r\nREF: #88</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nI was expecting fireworks in the cable over the weekend. There were 4 surveys that said NO and one that said YES. Looking at the TV news and the rhetoric used on TV and some great quotes from newsprint over the past few days I think that the Scottish voters are now probably “punch drunk” on the whole matter now. Political overkill is in play.\r\n\r\nWhatever, GBP/USD appears to have decided to settle down and just range instead of wild moves. I would still stay away until after the votes are cast, you just do not know what is around the corner politically. David Cameron (UK Prime Minister) is heading north once again today, and given the fact the Scots hate the Tories (Conservatives), I would say that Alex Salmond (The Scottish Nationalist Party Leader) is lapping this up as a desperation move playing right into his hand.\r\n\r\nNice bounces off the lows last night with AUD/USD and NZD/USD. I have entered the AUD/USD short now (FT173). With regards to the NZD/USD, as tweeted last night I took 50% of my position size off the table at 0.8128 and on the subsequent bounce I have added it back at 0.8166.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nAUD: - Monetary Policy Meeting Minutes.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8230\r\nLimit at: 0.7800\r\nPresent Price: 0.8164\r\nCurrent Profit / Loss Position: +16 pips\r\n\r\nFT173\r\nAUD/USD\r\nShort\r\nEntry at 0.9022\r\nStop Loss at 0.9110\r\nLimit at 0.8500\r\nPresent Position: 0.9024\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1051\r\nCurrent Profit / Loss Position: -149 pips\r\n(This trade is now hedged at -125 pips)\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9889\r\nCurrent Profit / Loss Position: +89 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am not expecting too much volatility ahead of the FED on Wednesday. As usual ahead of a major news event I am expecting most currencies to head towards mid-range positions over the next 24-36 hours and the daily movements to calm down.\r\n\r\nI have a few set ups in mind on how I intend to trade the FOMC news based upon whether Yellen is going to be dovish as usual or more hawkish as predicted. I will tweet these soon, or to be fair to subscribers who do not use Twitter I will place these ideas in this communication.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#88 - THE DAILY FX POST, Monday 15th September 2014','','inherit','open','closed','','4351-revision-v1','','','2014-09-15 07:49:01','2014-09-15 12:49:01','',4351,'https://weeklyfxdrivethru.com/4351-revision-v1/',0,'revision','',0),(4357,16,'2014-09-15 10:32:54','2014-09-15 15:32:54','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/ib11.gif\"/></a>\r\n</p>\r\n</div>\r\n\r\n<div class=\"one-third first\">\r\n<h3>BELFOR FX</h3>\r\n<p><a href=\"http://static.belforfx.com/land/eng/?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\"><img src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" title=\"\" width=\"120\" height=\"600\" /></a>\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-15 10:32:54','2014-09-15 15:32:54','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4355,16,'2014-09-15 10:30:23','2014-09-15 15:30:23','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/ib11.gif\"/></a>\r\n</p>\r\n</div>\r\n\r\n<div class=\"one-third-first\">\r\n<h3>BELFOR FX</h3>\r\n<p><a href=\"http://static.belforfx.com/land/eng/?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\"><img src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" title=\"\" width=\"120\" height=\"600\" /></a><img style=\"border:0\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" width=\"1\" height=\"1\" alt=\"BELFOR FX\" />\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-15 10:30:23','2014-09-15 15:30:23','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4356,16,'2014-09-15 10:31:14','2014-09-15 15:31:14','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/ib11.gif\"/></a>\r\n</p>\r\n</div>\r\n\r\n<div class=\"one-third first\">\r\n<h3>BELFOR FX</h3>\r\n<p><a href=\"http://static.belforfx.com/land/eng/?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\"><img src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" title=\"\" width=\"120\" height=\"600\" /></a><img style=\"border:0\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" width=\"1\" height=\"1\" alt=\"BELFOR FX\" />\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-15 10:31:14','2014-09-15 15:31:14','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4358,1,'2014-09-16 07:16:28','2014-09-16 12:16:28','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 16th September 2014\r\nREF: #89</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nI think that it would be safe to say that we are in the quiet before the storm. Tomorrow sees the FOMC data and Press Conference. That will be a market mover.\r\n\r\nToday, the data that I am waiting for are the Dairy Auction Results that usually get published around 10.30 to 11.00 am EDT. This is a primary leader on the NZD currency.\r\n\r\nI entered the USD/CAD long just prior to the Asian session commencing. A few hours ago I checked my three Major USD commodity trades AUD/USD, NZD/USD and the USD/CAD and all three were in great shape nice healthy profits. At the time of writing this article I am in a small loss position. Having written that the USD still looks strong and I am happy to hold these pairs.\r\n\r\nAhead of the FOMC we are basically range trading. As I look at the charts all the bearish or bullish moves seem to have come to a halt and now we are just trading sideways: -\r\n\r\nEUR/USD:                  1.2860 to 1.2980\r\nGBP/USD:                  1.6100 to 1.6220\r\nAUD/USD:                 0.8990 to 0.9050\r\nNZD/USD:                 0.8120 to 0.8220\r\nUSD/CHF:                  0.9300 to 0.9410\r\nUSD/CAD:                 1.1030 to 1.1070\r\nUSD/JPY:                   106.70 to 107.50\r\n\r\nThese are wide ranges for some pairs but I wouldn’t get too excited about trading new trades unless you can pick up a long at support and a sell trade at resistance. I think that these would be fairly safe trades today until tomorrow if you fell that you must trade. But you should be careful you could get caught mid range.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nCAD: - BOC Governor Poloz speaks\r\nALL: - Dairy Auction Results.<strong>\r\n\r\n</strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8230\r\nLimit at: 0.7800\r\nPresent Price: 0.8162\r\nCurrent Profit / Loss Position: +18 pips\r\n\r\nFT173\r\nAUD/USD\r\nShort\r\nEntry at 0.9022\r\nStop Loss at 0.9110\r\nLimit at 0.8500\r\nPresent Position: 0.9029\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\nFT174\r\nUSD/CAD\r\nLong\r\nEntry at 1.1054\r\nStop Loss at 1.0950\r\nLimit at 1.1250\r\nPresent Position: 1.1036\r\nCurrent Profit / Loss Position: -18 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1063\r\nCurrent Profit / Loss Position: -137 pips\r\n(This trade is hedged at -125 pips)\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9823\r\nCurrent Profit / Loss Position: +23 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nNo limit orders ahead of the FOMC.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am not expecting too much volatility ahead of the FED tomorrow. As usual ahead of a major news event I am expecting most currencies to head towards mid-range positions over the next 24 hours and the daily movements to calm down.\r\n\r\nJust remember we are now simply range trading ahead of the FOMC. There is now little point entering new positions ahead of the FOMC.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#89 - THE DAILY FX POST, Tuesday 16th September 2014','','publish','open','closed','','89-daily-fx-post-tuesday-16th-september-2014','','','2014-09-16 07:16:28','2014-09-16 12:16:28','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4358',0,'member_posts','',0),(4359,1,'2014-09-16 07:16:28','2014-09-16 12:16:28','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 16th September 2014\r\nREF: #89</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nI think that it would be safe to say that we are in the quiet before the storm. Tomorrow sees the FOMC data and Press Conference. That will be a market mover.\r\n\r\nToday, the data that I am waiting for are the Dairy Auction Results that usually get published around 10.30 to 11.00 am EDT. This is a primary leader on the NZD currency.\r\n\r\nI entered the USD/CAD long just prior to the Asian session commencing. A few hours ago I checked my three Major USD commodity trades AUD/USD, NZD/USD and the USD/CAD and all three were in great shape nice healthy profits. At the time of writing this article I am in a small loss position. Having written that the USD still looks strong and I am happy to hold these pairs.\r\n\r\nAhead of the FOMC we are basically range trading. As I look at the charts all the bearish or bullish moves seem to have come to a halt and now we are just trading sideways: -\r\n\r\nEUR/USD:                  1.2860 to 1.2980\r\nGBP/USD:                  1.6100 to 1.6220\r\nAUD/USD:                 0.8990 to 0.9050\r\nNZD/USD:                 0.8120 to 0.8220\r\nUSD/CHF:                  0.9300 to 0.9410\r\nUSD/CAD:                 1.1030 to 1.1070\r\nUSD/JPY:                   106.70 to 107.50\r\n\r\nThese are wide ranges for some pairs but I wouldn’t get too excited about trading new trades unless you can pick up a long at support and a sell trade at resistance. I think that these would be fairly safe trades today until tomorrow if you fell that you must trade. But you should be careful you could get caught mid range.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nCAD: - BOC Governor Poloz speaks\r\nALL: - Dairy Auction Results.<strong>\r\n\r\n</strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8230\r\nLimit at: 0.7800\r\nPresent Price: 0.8162\r\nCurrent Profit / Loss Position: +18 pips\r\n\r\nFT173\r\nAUD/USD\r\nShort\r\nEntry at 0.9022\r\nStop Loss at 0.9110\r\nLimit at 0.8500\r\nPresent Position: 0.9029\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\nFT174\r\nUSD/CAD\r\nLong\r\nEntry at 1.1054\r\nStop Loss at 1.0950\r\nLimit at 1.1250\r\nPresent Position: 1.1036\r\nCurrent Profit / Loss Position: -18 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1063\r\nCurrent Profit / Loss Position: -137 pips\r\n(This trade is hedged at -125 pips)\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9823\r\nCurrent Profit / Loss Position: +23 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nNo limit orders ahead of the FOMC.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am not expecting too much volatility ahead of the FED tomorrow. As usual ahead of a major news event I am expecting most currencies to head towards mid-range positions over the next 24 hours and the daily movements to calm down.\r\n\r\nJust remember we are now simply range trading ahead of the FOMC. There is now little point entering new positions ahead of the FOMC.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#89 - THE DAILY FX POST, Tuesday 16th September 2014','','inherit','open','closed','','4358-revision-v1','','','2014-09-16 07:16:28','2014-09-16 12:16:28','',4358,'https://weeklyfxdrivethru.com/4358-revision-v1/',0,'revision','',0),(4360,1,'2014-09-17 08:00:17','2014-09-17 13:00:17','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Wednesday 17th September 2014\r\nREF: #90</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nFirstly before starting, I want to welcome the new PREMIUM SERVICE subscribers from last weekend’s presentations in Montreal. There are a few more in the pipeline as well. Welcome on board.\r\n\r\nToday is the day.\r\n\r\nThe eagerly awaited FOMC Press Conference, Statement and Economic Predictions are coming up from 2.00PM (EDT).\r\n\r\nWill Janet Yellen remain “dovish” or will she change her verbal’s and become “hawkish”?\r\n\r\nBasically, I do not know and neither does anyone else. I have read and watched umpteen different perspectives on this subject and to be frank with you guys….. it’s a little overwhelming trying to gauge the reasoning at times.\r\n\r\nPersonally, I think that the FED has reached the limit of time on how long they can continue to put off the inevitable. I think that at the very least the language should alter as the economic data from the U.S. has continued to be in the main pretty good. The only poor data is related to CPi, which continues to show zero inflation, or in my language DEFLATION.\r\n\r\nHere is my approach for today:\r\n<ol>\r\n	<li>Close all outstanding limit orders…… DONE.</li>\r\n	<li>Review open trades that USD related.\r\nClosed NZD/USD short.\r\nAUD/USD and USD/CAD are still open for now. I will probably close ahead FOMC.</li>\r\n	<li>Review other trades to assess risk.\r\nAUD/NZD – offers no USD risk…leave open.\r\nGBP/NZD – risk is Thursday for Scottish Referendum. I will look to protect profits.</li>\r\n</ol>\r\nHere are the currency pairs and entry levels that are on my RADAR for later.\r\n<ul>\r\n	<li>EUR/USD short around 1.3050 to 1.3100 if it can get there.</li>\r\n	<li>AUD/USD resistances around 0.9120 and NZD/USD at 0.8230 look great short entry points.</li>\r\n	<li>USD/CHF long sub 0.9300 this is also a trade that I will be looking to take.</li>\r\n</ul>\r\nI will have my piece of paper with these numbers written on ready for later.\r\n\r\nI have my PLAN….and I will trade my PLAN…or PLAN YOUR TRADES and TRADE YOUR PLAN.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - FOMC Press Conference, Interest Rate Statement &amp; Economic Predictions.\r\nNZD: - GDP.<strong>\r\n\r\n</strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT173\r\nAUD/USD\r\nShort\r\nEntry at 0.9022\r\nStop Loss at 0.9110\r\nLimit at 0.8500\r\nPresent Position: 0.9072\r\nCurrent Profit / Loss Position: -50 pips\r\n\r\nFT174\r\nUSD/CAD\r\nLong\r\nEntry at 1.1054\r\nStop Loss at 1.0950\r\nLimit at 1.1250\r\nPresent Position: 1.0963\r\nCurrent Profit / Loss Position: -91 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1086\r\nCurrent Profit / Loss Position: -114 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9950\r\nCurrent Profit / Loss Position: +150 pips<strong>\r\n\r\n</strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nNo limit orders ahead of the FOMC.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful today. Best approach to sit tight until after the data is released.\r\n\r\nNZD: GDP is later and I will be watching that. Plus watch the SNB early tomorrow. This could offer up a severe market move in CHF if negative interest rates are mentioned or better still introduced.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange you should carefully consider your investment goals, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#90 - THE DAILY FX POST, Wednesday 17th September 2014','','publish','open','closed','','90-daily-fx-post-wednesday-17th-september-2014','','','2014-09-17 08:00:17','2014-09-17 13:00:17','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4360',0,'member_posts','',0),(4361,1,'2014-09-17 08:00:17','2014-09-17 13:00:17','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Wednesday 17th September 2014\r\nREF: #90</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nFirstly before starting, I want to welcome the new PREMIUM SERVICE subscribers from last weekend’s presentations in Montreal. There are a few more in the pipeline as well. Welcome on board.\r\n\r\nToday is the day.\r\n\r\nThe eagerly awaited FOMC Press Conference, Statement and Economic Predictions are coming up from 2.00PM (EDT).\r\n\r\nWill Janet Yellen remain “dovish” or will she change her verbal’s and become “hawkish”?\r\n\r\nBasically, I do not know and neither does anyone else. I have read and watched umpteen different perspectives on this subject and to be frank with you guys….. it’s a little overwhelming trying to gauge the reasoning at times.\r\n\r\nPersonally, I think that the FED has reached the limit of time on how long they can continue to put off the inevitable. I think that at the very least the language should alter as the economic data from the U.S. has continued to be in the main pretty good. The only poor data is related to CPi, which continues to show zero inflation, or in my language DEFLATION.\r\n\r\nHere is my approach for today:\r\n<ol>\r\n	<li>Close all outstanding limit orders…… DONE.</li>\r\n	<li>Review open trades that USD related.\r\nClosed NZD/USD short.\r\nAUD/USD and USD/CAD are still open for now. I will probably close ahead FOMC.</li>\r\n	<li>Review other trades to assess risk.\r\nAUD/NZD – offers no USD risk…leave open.\r\nGBP/NZD – risk is Thursday for Scottish Referendum. I will look to protect profits.</li>\r\n</ol>\r\nHere are the currency pairs and entry levels that are on my RADAR for later.\r\n<ul>\r\n	<li>EUR/USD short around 1.3050 to 1.3100 if it can get there.</li>\r\n	<li>AUD/USD resistances around 0.9120 and NZD/USD at 0.8230 look great short entry points.</li>\r\n	<li>USD/CHF long sub 0.9300 this is also a trade that I will be looking to take.</li>\r\n</ul>\r\nI will have my piece of paper with these numbers written on ready for later.\r\n\r\nI have my PLAN….and I will trade my PLAN…or PLAN YOUR TRADES and TRADE YOUR PLAN.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nUSD: - FOMC Press Conference, Interest Rate Statement &amp; Economic Predictions.\r\nNZD: - GDP.<strong>\r\n\r\n</strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT173\r\nAUD/USD\r\nShort\r\nEntry at 0.9022\r\nStop Loss at 0.9110\r\nLimit at 0.8500\r\nPresent Position: 0.9072\r\nCurrent Profit / Loss Position: -50 pips\r\n\r\nFT174\r\nUSD/CAD\r\nLong\r\nEntry at 1.1054\r\nStop Loss at 1.0950\r\nLimit at 1.1250\r\nPresent Position: 1.0963\r\nCurrent Profit / Loss Position: -91 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1086\r\nCurrent Profit / Loss Position: -114 pips\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9950\r\nCurrent Profit / Loss Position: +150 pips<strong>\r\n\r\n</strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nNo limit orders ahead of the FOMC.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nBe careful today. Best approach to sit tight until after the data is released.\r\n\r\nNZD: GDP is later and I will be watching that. Plus watch the SNB early tomorrow. This could offer up a severe market move in CHF if negative interest rates are mentioned or better still introduced.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange you should carefully consider your investment goals, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#90 - THE DAILY FX POST, Wednesday 17th September 2014','','inherit','open','closed','','4360-revision-v1','','','2014-09-17 08:00:17','2014-09-17 13:00:17','',4360,'https://weeklyfxdrivethru.com/4360-revision-v1/',0,'revision','',0),(4362,16,'2014-09-17 10:46:57','2014-09-17 15:46:57','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/ib11.gif\"/></a>\r\n</p>\r\n</div>\r\n\r\n<div class=\"one-third first\">\r\n<h3>BELFOR FX</h3>\r\n<p><a href=\"http://static.belforfx.com/LandingFBDC/Landings%20Bussnies/ENG/Markets/nueva/index.php?a_aid=1234&amp;a_bid=206b0ada\" target=\"_blank\"><img src=\"http://static.belforfx.com/EnglishBanners/120x600MariaA-03.png\" alt=\"\" title=\"\" width=\"120\" height=\"600\" /></a><img style=\"border:0\" src=\"http://partnerships.belforfx.com/scripts/imp.php?a_aid=1234&amp;a_bid=206b0ada\" width=\"1\" height=\"1\" alt=\"\" />\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-09-17 10:46:57','2014-09-17 15:46:57','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4363,1,'2014-09-18 07:44:17','2014-09-18 12:44:17','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 18th September 2014\r\nREF: #91</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nFirstly, welcome to the new subscribers to the PREMIUM SERVICE. I hope that you find this daily update of use.\r\n\r\nThe fallout surprised me after Janet Yellen completed her press conference yesterday. I did not see USD strength along the lines of what was seen.\r\n\r\nI cannot think why it happened other than the future rate expectations by the FED committee were about 0.50% higher at the end of next year than was previously released. Other than this, I thought she was as “dovish” as ever and this surprised me. Ignoring all of that. It was at the end of the day a great trading day for me personally.\r\n\r\nI had my plan… it did not come into play. The spikes did not happen. As you know as traders I adjusted my plan and decided to select three pairs EUR/USD, AUD/USD and NZD/USD and entered on pullbacks as best I could after an initial fall. My plan was to exit before the end of the day and stay flat until after the Scottish Referendum votes were cast. I banked a very healthy +125 pips. When added to earlier profits from trades, for me a great trading day.\r\n\r\nI set up via twitter last night 4 x RADAR TRADES two of which have triggered (details below). I had NOT intended to trade but the consolidation levels were looking good after the fall following the FOMC, I could not resist the entries at my preferred levels if I could get them.\r\n\r\nThe SNB overnight disappointed, Governor Jordan renewed his confirmation of the EUR/CHF floor at 1.2000. (By the way I missed my USD/CHF entry long by 12 pips around the SNB Press Conference…bugger!). Apart from the 1.2000 floor peg Jordan didn’t confirm negative deposit rates. We live for another day to trade this data.\r\n\r\nHow am I going to play the cable (GBP/USD) today?\r\n\r\nOnce the result is posted: -\r\n<ul>\r\n	<li>If it is a NO vote, which is what the markets are expecting. My plan is to short at highs of around 1.6500 / 1.6570.</li>\r\n	<li>On a YES vote…. This is much harder and I do not chase so I think that 1.5600 could be as low as we go. I will step in on a consolidation point short and place a tight stop, assuming the pair continues to fall.</li>\r\n</ul>\r\nMy day was sooooo good yesterday that I may just watch this today. I will tweet should I enter the market.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nGBP: - Scottish Referendum Vote.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT174\r\nUSD/CAD\r\nLong\r\nEntry at 1.1027 (Revised Cost Average)\r\nStop Loss at 1.0924\r\nLimit at 1.1250\r\nPresent Position: 1.1006\r\nCurrent Profit / Loss Position: -21 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1031\r\nCurrent Profit / Loss Position: -169 pips\r\n(This pair is hedged from -125 pips)\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nEntry at 1.2880\r\nStop Loss at 1.2980\r\nLimit at 1.2650\r\nPresent Position: 1.2856\r\nCurrent Profit / Loss Position: +24 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nEntry at 0.8120\r\nStop Loss at 0.8180\r\nLimit at 0.7600\r\nPresent Position: 0.8095\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT158\r\nAUD/USD\r\nShort at 0.8990\r\nStop Loss at 0.9050\r\nLimit at 0.8600\r\n\r\nRT159\r\nUSD/CHF\r\nLong at 0.9350\r\nStop Loss at 0.9290\r\nLimit at 0.9580\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe USD strength looks pretty forceful. The USD index has huge resistance at 85.00. If the DXY breaks above this level do NOT think about shorting the USD. The move will be huge and could send the EUR/USD to 1.2000.\r\n\r\nWith above in mind, be careful placing trades.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#91 - THE DAILY FX POST, Thursday 18th September 2014','','publish','open','closed','','91-daily-fx-post-thursday-18th-september-2014','','','2014-09-18 07:44:17','2014-09-18 12:44:17','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4363',0,'member_posts','',0),(4364,1,'2014-09-18 07:43:55','2014-09-18 12:43:55','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Thursday 18th September 2014\r\nREF: #91</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nFirstly, welcome to the new subscribers to the PREMIUM SERVICE. I hope that you find this daily update of use.\r\n\r\nThe fallout surprised me after Janet Yellen completed her press conference yesterday. I did not see USD strength along the lines of what was seen.\r\n\r\nI cannot think why it happened other than the future rate expectations by the FED committee were about 0.50% higher at the end of next year than was previously released. Other than this, I thought she was as “dovish” as ever and this surprised me. Ignoring all of that. It was at the end of the day a great trading day for me personally.\r\n\r\nI had my plan… it did not come into play. The spikes did not happen. As you know as traders I adjusted my plan and decided to select three pairs EUR/USD, AUD/USD and NZD/USD and entered on pullbacks as best I could after an initial fall. My plan was to exit before the end of the day and stay flat until after the Scottish Referendum votes were cast. I banked a very healthy +125 pips. When added to earlier profits from trades, for me a great trading day.\r\n\r\nI set up via twitter last night 4 x RADAR TRADES two of which have triggered (details below). I had NOT intended to trade but the consolidation levels were looking good after the fall following the FOMC, I could not resist the entries at my preferred levels if I could get them.\r\n\r\nThe SNB overnight disappointed, Governor Jordan renewed his confirmation of the EUR/CHF floor at 1.2000. (By the way I missed my USD/CHF entry long by 12 pips around the SNB Press Conference…bugger!). Apart from the 1.2000 floor peg Jordan didn’t confirm negative deposit rates. We live for another day to trade this data.\r\n\r\nHow am I going to play the cable (GBP/USD) today?\r\n\r\nOnce the result is posted: -\r\n<ul>\r\n	<li>If it is a NO vote, which is what the markets are expecting. My plan is to short at highs of around 1.6500 / 1.6570.</li>\r\n	<li>On a YES vote…. This is much harder and I do not chase so I think that 1.5600 could be as low as we go. I will step in on a consolidation point short and place a tight stop, assuming the pair continues to fall.</li>\r\n</ul>\r\nMy day was sooooo good yesterday that I may just watch this today. I will tweet should I enter the market.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nGBP: - Scottish Referendum Vote.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT174\r\nUSD/CAD\r\nLong\r\nEntry at 1.1027 (Revised Cost Average)\r\nStop Loss at 1.0924\r\nLimit at 1.1250\r\nPresent Position: 1.1006\r\nCurrent Profit / Loss Position: -21 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1031\r\nCurrent Profit / Loss Position: -169 pips\r\n(This pair is hedged from -125 pips)\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nEntry at 1.2880\r\nStop Loss at 1.2980\r\nLimit at 1.2650\r\nPresent Position: 1.2856\r\nCurrent Profit / Loss Position: +24 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nEntry at 0.8120\r\nStop Loss at 0.8180\r\nLimit at 0.7600\r\nPresent Position: 0.8095\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT158\r\nAUD/USD\r\nShort at 0.8990\r\nStop Loss at 0.9050\r\nLimit at 0.8600\r\n\r\nRT159\r\nUSD/CHF\r\nLong at 0.9350\r\nStop Loss at 0.9290\r\nLimit at 0.9580\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe USD strength looks pretty forceful. The USD index has huge resistance at 85.00. If the DXY breaks above this level do NOT think about shorting the USD. The move will be huge and could send the EUR/USD to 1.2000.\r\n\r\nWith above in mind, be careful placing trades.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#91 - THE DAILY FX POST, Thursday 18th September 2014','','inherit','open','closed','','4363-revision-v1','','','2014-09-18 07:43:55','2014-09-18 12:43:55','',4363,'https://weeklyfxdrivethru.com/4363-revision-v1/',0,'revision','',0),(4365,1,'2014-09-18 07:44:17','2014-09-18 12:44:17','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 18th September 2014\r\nREF: #91</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nFirstly, welcome to the new subscribers to the PREMIUM SERVICE. I hope that you find this daily update of use.\r\n\r\nThe fallout surprised me after Janet Yellen completed her press conference yesterday. I did not see USD strength along the lines of what was seen.\r\n\r\nI cannot think why it happened other than the future rate expectations by the FED committee were about 0.50% higher at the end of next year than was previously released. Other than this, I thought she was as “dovish” as ever and this surprised me. Ignoring all of that. It was at the end of the day a great trading day for me personally.\r\n\r\nI had my plan… it did not come into play. The spikes did not happen. As you know as traders I adjusted my plan and decided to select three pairs EUR/USD, AUD/USD and NZD/USD and entered on pullbacks as best I could after an initial fall. My plan was to exit before the end of the day and stay flat until after the Scottish Referendum votes were cast. I banked a very healthy +125 pips. When added to earlier profits from trades, for me a great trading day.\r\n\r\nI set up via twitter last night 4 x RADAR TRADES two of which have triggered (details below). I had NOT intended to trade but the consolidation levels were looking good after the fall following the FOMC, I could not resist the entries at my preferred levels if I could get them.\r\n\r\nThe SNB overnight disappointed, Governor Jordan renewed his confirmation of the EUR/CHF floor at 1.2000. (By the way I missed my USD/CHF entry long by 12 pips around the SNB Press Conference…bugger!). Apart from the 1.2000 floor peg Jordan didn’t confirm negative deposit rates. We live for another day to trade this data.\r\n\r\nHow am I going to play the cable (GBP/USD) today?\r\n\r\nOnce the result is posted: -\r\n<ul>\r\n	<li>If it is a NO vote, which is what the markets are expecting. My plan is to short at highs of around 1.6500 / 1.6570.</li>\r\n	<li>On a YES vote…. This is much harder and I do not chase so I think that 1.5600 could be as low as we go. I will step in on a consolidation point short and place a tight stop, assuming the pair continues to fall.</li>\r\n</ul>\r\nMy day was sooooo good yesterday that I may just watch this today. I will tweet should I enter the market.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nGBP: - Scottish Referendum Vote.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT174\r\nUSD/CAD\r\nLong\r\nEntry at 1.1027 (Revised Cost Average)\r\nStop Loss at 1.0924\r\nLimit at 1.1250\r\nPresent Position: 1.1006\r\nCurrent Profit / Loss Position: -21 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1031\r\nCurrent Profit / Loss Position: -169 pips\r\n(This pair is hedged from -125 pips)\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nEntry at 1.2880\r\nStop Loss at 1.2980\r\nLimit at 1.2650\r\nPresent Position: 1.2856\r\nCurrent Profit / Loss Position: +24 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nEntry at 0.8120\r\nStop Loss at 0.8180\r\nLimit at 0.7600\r\nPresent Position: 0.8095\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT158\r\nAUD/USD\r\nShort at 0.8990\r\nStop Loss at 0.9050\r\nLimit at 0.8600\r\n\r\nRT159\r\nUSD/CHF\r\nLong at 0.9350\r\nStop Loss at 0.9290\r\nLimit at 0.9580\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nThe USD strength looks pretty forceful. The USD index has huge resistance at 85.00. If the DXY breaks above this level do NOT think about shorting the USD. The move will be huge and could send the EUR/USD to 1.2000.\r\n\r\nWith above in mind, be careful placing trades.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#91 - THE DAILY FX POST, Thursday 18th September 2014','','inherit','open','closed','','4363-revision-v1','','','2014-09-18 07:44:17','2014-09-18 12:44:17','',4363,'https://weeklyfxdrivethru.com/4363-revision-v1/',0,'revision','',0),(4366,1,'2014-09-18 21:14:33','2014-09-19 02:14:33','','Premium Service Posts (Daily & Weekly)','','inherit','open','closed','','2259-revision-v1','','','2014-09-18 21:14:33','2014-09-19 02:14:33','',2259,'https://weeklyfxdrivethru.com/2259-revision-v1/',0,'revision','',0),(4368,1,'2014-09-19 07:50:10','2014-09-19 12:50:10','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Friday 19<sup>th</sup> September 2014\r\nREF: #92</strong>\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nFirstly, welcome to new subscribers joining yesterday was a fascinating day to connect with the PREMIUM SERVICE.\r\n\r\nThe UK says NO to independence. That was the big news overnight and you can only imagine what the many large businesses in the UK feel about this news.\r\n\r\nAs the first results came through, I think it was the “Falkirk” result that was predicted to be a YES turned out to be a NO. At this point I went long GBP across the board. I managed to get many stops in place before I was hit with connectivity issues. It took me 15 minutes to get back on-line and tweet and place protected stops in place as I knew that the chances were high that resistances may actually be tops and we would pullback. I just about got protected stops in place before my primary and secondary connections crashed again. I banked a few pips but it was a very nervy few minutes because its not my usual way of trading and as I knew that the trades were essentially scalp trades that had only a 20% chance to developing.\r\n\r\nThis morning… wow…what a pullback in the cable. The GBP/USD just hit lows of the day and broke through 1.6350.\r\n\r\nI am not expecting much today being a Friday.\r\n\r\nOne thing to notice; however is that for two days in succession the AUD/USD has bounced off support at 0.8930. I still view the AUD and NZD currencies as bearish but the 0.8930 and 0.8075 are proving to be tough nuts to crack.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nCAD: - Core CPi data.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1010\r\nCurrent Profit / Loss Position: -190 pips\r\n(This pair is hedged from -125 pips)\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nEntry at 1.2880\r\nStop Loss at 1.2980\r\nLimit at 1.2650\r\nPresent Position: 1.2862\r\nCurrent Profit / Loss Position: +18 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nEntry at 0.8120\r\nStop Loss at 0.8180\r\nLimit at 0.7600\r\nPresent Position: 0.8156\r\nCurrent Profit / Loss Position: - 36 pips\r\n\r\nRT158\r\nAUD/USD\r\nShort at 0.8990\r\nStop Loss at 0.9050\r\nLimit at 0.8600\r\nPresent Position: 0.8979\r\nCurrent Profit / Loss Position: +11 pips\r\n\r\nRT159\r\nUSD/CHF\r\nLong at 0.9350\r\nStop Loss at 0.9290\r\nLimit at 0.9580\r\nPresent Position: 0.9382\r\nCurrent Profit / Loss Position: +32 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nI have none in place at the moment.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nIt is a Friday so be very careful with trades today, holding too many positions over the weekend can be costly. I will not be adding any new trades today unless a gift lands on my screen.\r\n\r\nI will be focusing my attention on charts and subject matter for the rest of the day to be included in tomorrow’s WEEKLY FX DRIVE THRU.\r\n\r\nFinally for Roger, Brenda and Yang many thanks for your comments on the DXY and the GBP/NZD trade that we were patient with for months and months and months…. As mentioned to you even with SWAP and hedging costs it was a nice trade but it could have been 200 pips better than it was. But as I always say never complain about banking $$$.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\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.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#92 - THE DAILY FX POST, Friday 19th September 2014','','inherit','open','closed','','4367-revision-v1','','','2014-09-19 07:50:10','2014-09-19 12:50:10','',4367,'https://weeklyfxdrivethru.com/4367-revision-v1/',0,'revision','',0),(4369,1,'2014-09-19 07:50:21','2014-09-19 12:50:21','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Friday 19<sup>th</sup> September 2014\r\nREF: #92</strong>\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nFirstly, welcome to new subscribers joining yesterday was a fascinating day to connect with the PREMIUM SERVICE.\r\n\r\nThe UK says NO to independence. That was the big news overnight and you can only imagine what the many large businesses in the UK feel about this news.\r\n\r\nAs the first results came through, I think it was the “Falkirk” result that was predicted to be a YES turned out to be a NO. At this point I went long GBP across the board. I managed to get many stops in place before I was hit with connectivity issues. It took me 15 minutes to get back on-line and tweet and place protected stops in place as I knew that the chances were high that resistances may actually be tops and we would pullback. I just about got protected stops in place before my primary and secondary connections crashed again. I banked a few pips but it was a very nervy few minutes because its not my usual way of trading and as I knew that the trades were essentially scalp trades that had only a 20% chance to developing.\r\n\r\nThis morning… wow…what a pullback in the cable. The GBP/USD just hit lows of the day and broke through 1.6350.\r\n\r\nI am not expecting much today being a Friday.\r\n\r\nOne thing to notice; however is that for two days in succession the AUD/USD has bounced off support at 0.8930. I still view the AUD and NZD currencies as bearish but the 0.8930 and 0.8075 are proving to be tough nuts to crack.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nCAD: - Core CPi data.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1010\r\nCurrent Profit / Loss Position: -190 pips\r\n(This pair is hedged from -125 pips)\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nEntry at 1.2880\r\nStop Loss at 1.2980\r\nLimit at 1.2650\r\nPresent Position: 1.2862\r\nCurrent Profit / Loss Position: +18 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nEntry at 0.8120\r\nStop Loss at 0.8180\r\nLimit at 0.7600\r\nPresent Position: 0.8156\r\nCurrent Profit / Loss Position: - 36 pips\r\n\r\nRT158\r\nAUD/USD\r\nShort at 0.8990\r\nStop Loss at 0.9050\r\nLimit at 0.8600\r\nPresent Position: 0.8979\r\nCurrent Profit / Loss Position: +11 pips\r\n\r\nRT159\r\nUSD/CHF\r\nLong at 0.9350\r\nStop Loss at 0.9290\r\nLimit at 0.9580\r\nPresent Position: 0.9382\r\nCurrent Profit / Loss Position: +32 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nI have none in place at the moment.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nIt is a Friday so be very careful with trades today, holding too many positions over the weekend can be costly. I will not be adding any new trades today unless a gift lands on my screen.\r\n\r\nI will be focusing my attention on charts and subject matter for the rest of the day to be included in tomorrow’s WEEKLY FX DRIVE THRU.\r\n\r\nFinally for Roger, Brenda and Yang many thanks for your comments on the DXY and the GBP/NZD trade that we were patient with for months and months and months…. As mentioned to you even with SWAP and hedging costs it was a nice trade but it could have been 200 pips better than it was. But as I always say never complain about banking $$$.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\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.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#92 - THE DAILY FX POST, Friday 19th September 2014','','inherit','open','closed','','4367-revision-v1','','','2014-09-19 07:50:21','2014-09-19 12:50:21','',4367,'https://weeklyfxdrivethru.com/4367-revision-v1/',0,'revision','',0),(4383,1,'2014-09-20 12:56:04','2014-09-20 17:56:04','','TRADING OUTSIDE OF YOUR COMFORT ZONE','','inherit','open','closed','','trading-outside-of-your-comfort-zone','','','2014-09-20 13:46:49','2014-09-20 18:46:49','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf',0,'attachment','application/pdf',0),(4384,1,'2014-09-20 13:15:06','2014-09-20 18:15:06','<strong> </strong>\r\n<ol>\r\n	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nAlthough last week was a good trading week I am grateful that it is over.\r\n\r\nWith regards to the Scottish Referendum vote; after the release of the “Falkirk” result on Thursday evening, I went long across the board GBP because this area was deemed to be a “nap” (guarantee) for the YES vote. It was a shock to Alex Salmond no doubt, when the count total was released as a NO victory. This is not my usual trading style at all. I quickly placed some protected stops as I felt that moves had already forced strength in the cable but some resistance levels were on the horizon and I wanted to bank some $$$. In the middle of setting stops my connection to the broker that had the 7 trades failed.\r\n\r\nWe have all been there. I was frantically trying to establish a connection via my backup and via my cellphone as well. Knowing that I only had a few minutes, stress levels were at RED alert. By the time I established a re-connection I placed protective stops on all trades as the GBP/USD was already starting to look top heavy. after I tweeted out the trades to PREMIUM SERVICE subscribers, the trades bounced up. I walked away to make coffee back 3 or 4 minutes later and all trades were being closed automatically except for the GBP/JPY, which took about another 10 minutes or so.\r\n\r\nWhy write this in the blog?\r\n<ul>\r\n	<li>The importance of setting stops whether to protect losses or profits is paramount to trading success.</li>\r\n	<li>Whilst it was a frantic 15-20 minutes in total. I had my routine, the order in which to logically go through problem solving and getting my connectivity to the broker(s) re-established. Everything is prioritized.</li>\r\n	<li>When the connection is re-established the only thing to do is protect your trades. Should you feel volatility is too high, make a decision to close trades or run the risk of the stops being used. If you set wider stops like I do, close trades and bank $$$ whenever and wherever you can. I trade to make $$$ not to give money to brokers.</li>\r\n</ul>\r\nTrading is about being as cute and smart as you can even in moments when you are out of control. I know that you can describe having a stop in play is being in control. I completely understand that point of view, but for me control means having the ability to adjust a trade in a second if the market moves me to do so.\r\n\r\nIn the end, I banked +326 pips on the Falkirk news…. I am grateful. It could have been more pips, it could have been fewer pips and of course it could have been a negative set of trades as they were all really working in unison. It is worth having an action plan in place to logically tackle these potential trading nightmares.\r\n\r\nPrior to the Scottish news there was the FOMC statement. After all the debate ahead of time Janet Yellen remained a “Dove”. I was surprised, but not surprised, her pre-amble statement of about 40-50 words always says along the lines of after everything is back to normal the FED will always have a loose supportive policy in place. The “Considerable Period of Time” line that attracts all the focus is maybe not the key that we all think that it is. Sure, it is a contributing factor but she is a “Dove” and I think that we note this.\r\n\r\nIn any event, Dove or Hawk, the USD strengthened like crazy after she walked off the stage…. it is what it is, the statement meant nothing really at the end of the day in my opinion.\r\n\r\nNow I think it’s all about applying focus back into my favourite economic area, …… the EUROZONE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> THE PREMIUM SERVICE: –</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nThe past week was a great trading week with the PREMIUM SERVICE. Lots more trades, very few losses and a consistent stream of $$$ hitting my brokers. I know that some of you follow either just RADAR trades or just follow FLASH trades. There was a great mixture over the past week so if you are selective you should have banked good $$$.\r\n\r\nIf you missed a few trades do not worry. The market is here for us 5 days a week. Whilst there was a fantastic profit % last week, this is not always the case. As I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\nLooking forward let’s hope that the charts keep presenting great trading opportunities to exploit.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nI completed the MONTREAL – INTRODUCTION TO FOREX presentations last weekend. Attendance was not as good as I had hoped but interest has continued after the event and I am looking to follow up with a one-off session at my home for interested parties.\r\n\r\nA local radio station that wants me to talk about Forex has been in touch; this should be fascinating if I am asked about chart patterns. If this progresses I will let you know.<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\"><img class=\"aligncenter size-full wp-image-4381\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\" alt=\"PREM SERV PROFITS1 20092014\" width=\"454\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\"><img class=\"aligncenter size-full wp-image-4382\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\" alt=\"PREM SERV PROFITS2 20092014\" width=\"457\" height=\"421\" /></a>\r\n\r\nPLEASE NOTE:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed. 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND\r\nA BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?</strong></p>\r\n<strong>\r\n</strong>\r\n\r\nLast week I included in the blog a chart of the USD index (DXY).\r\n\r\nI include an updated version this week. The USD index is on the cusp of a major breakout. We are hitting against major resistance at 84.75-84.80. The trend line is an 8-year resistance line. If this breaks the USD has the chance to move up to just over 92.00. The ramifications of this move would place the EUR/USD at around 1.2000.\r\n\r\nThe (DXY – Weekly) chart below has the details.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014.png\"><img class=\"aligncenter size-large wp-image-4380\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014-1024x531.png\" alt=\"DXY 20092014\" width=\"1024\" height=\"531\" /></a>\r\n\r\n&nbsp;\r\n\r\nShould the USD break out, I can imagine that the best way to describe the events would be the equivalent of dominoes falling over one after another like you see in the competitions that you can watch on You Tube.\r\n\r\nWhat are dominoes that I see falling?\r\n\r\nThese are not in what I believe the order will be, but, it is my assessment of what may happen. Plus: this can all happen very, very quickly.\r\n<ul>\r\n	<li>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.</li>\r\n	<li>EUR/USD: Slips through 1.2760 and heads for 1.2500.</li>\r\n	<li>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</li>\r\n	<li>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fuelling the USD/JPY move higher.</li>\r\n	<li>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</li>\r\n	<li>COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</li>\r\n	<li>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</li>\r\n	<li>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</li>\r\n	<li>COMMODITY PRICES: Start to come under pressure and fall.</li>\r\n	<li>THEVIX: This starts to trade at new highs.and…. then…. finally,</li>\r\n	<li>EQUITIES: They start to weaken and roll over which exacerbates the USD strength and forces the DXY higher towards 90.00. We already saw the Alibaba (BABA) IPO yesterday (Friday 19<sup>th</sup> September 2014) and the volatility on Wall Street was incredible. BABA moved from all-time highs to all-time lows and everything in between.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nDespite the biggest IPO in Wall Street history, the DOW, S&amp;P and Nasdaq all flirted with going negative.\r\n\r\nThe positive effect of the Scottish Vote was not felt in the cable and it was short lived as well on Wall Street.\r\n\r\nThe closing charts on the major indices do not look as if they are going to continue higher, in fact they look very toppy.\r\n\r\nNext week could see the dominoes being placed in position and maybe sooner rather than later. There will be some spectacular trading opportunities if this scenario plays out.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> TRADER TOPICS:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>TRADING OUTSIDE OF YOUR COMFORT ZONE</strong></p>\r\nIn all the articles that I have supplied to the TRADING ESSENTIALS area of the PREMIUM SERVICE support area, I have tried to emphasize RISK MANAGEMENT as being essential. When you compose your TRADING PLAN together with the TRADING DISCIPLINES, RISK TOLERANCES and MONEY MANAGEMENT principles that you have tested over time, these principles that you have developed are the base to make you a more consistent trader with longevity to trade in the Forex market.\r\n\r\nThese basics enable you to work on possible trading flaws and further determine what works for you and what doesn’t in your trades. This further adds weight to your trading being more consistent.\r\n\r\nAll of the above, whilst they are tried and tested can become boring after a period of time. You may want more just to test your abilities and resilience. As mentioned, once you are comfortable with a tried and tested strategy, you may consider trading outside of your comfort zone.\r\n\r\nI am not saying double or triple position sizes.\r\nI am not saying throw your TRADING PLAN out of the window.\r\n\r\nThis may not be typical of every trader, but I have been asked if trading is boring after a time what do I do? I have the blogs and twitter to keep me diversified.\r\n\r\nFor most traders, I am thinking along the lines of maybe looking at increasing your skills by maybe trying a different trading method. This would add to your knowledge of the industry and it may expose you to more opportunities and maybe more profit opportunities. If you do something that gives you increased knowledge it will add to your fulfillment, confidence and your emotional resilience as a trader. Neither of these are bad things at all.\r\n\r\nOn the negative side, stepping outside of your existing COMFORT ZONE does expose you to emotional stress, which can expose you to the possibility of making mistakes.\r\n\r\nHere are my thoughts on managing the emotional side of trying something new: -\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>MOVE SLOWLY:</li>\r\n</ol>\r\nDo NOT jump into something new like a bull in a china shop. Your change may be on certain types of entries: e.g. wedge or flag formations where you may increase your position size by say one lot. It may even be trading a new currency pair. Whatever it is, take it easy.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>TEST AS MUCH AS YOU CAN:</li>\r\n</ol>\r\nThe great thing about Forex trading is that you can demo account all thoughts and ideas. Test them; refine them before placing into a LIVE environment. This ensures less risk and the only investment that you require is your time.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>ALL SAID AND DONE… YOU CAN PUT IT DOWN TO EXPERIENCE:</li>\r\n</ol>\r\nLike many traders I have gone outside of my comfort zone. Sometimes the end result was good. For example, increasing my position sizes by two lots trading a bearish wedge breakout to the long side and moving my stops to break even on the 23.6% retracement of the downside move.\r\n\r\nThat was a great strategy but I have had failures.\r\n\r\nThey were all learning curves that add to experience.\r\n\r\n&nbsp;\r\n\r\nCONCLUSION:\r\n\r\nRemember, when you take on any new action, whether it is just testing a trading method or using a different way to analyze the market your ideas will be challenged. The key is try to have an open mind, as you may see things that you did not see before, new ideas may pop up and you will grow.\r\n\r\nGoing outside of your comfort zone is not easy. You may see success at first but as you know with how your TRADING PLAN is set up it can take a huge amount of repetition before it becomes fixed into your trading plan. The great thing is that trying new techniques keeps you open to change and the possibility of increased profits.<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY CURRENT LIVE TRADES:</strong></li>\r\n</ol>\r\n<strong>FLASH TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0900\r\nLimit at 1.1550\r\nPresent Price: 1.0968\r\nCurrent Profit / Loss Position: -232 pips\r\n(This trade is now hedged at a 125-pip loss<strong>)</strong><strong> </strong>\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nShort at 1.2880\r\nStop at 1.2980\r\nLimit at 1.2650\r\nPresent Price: 1 2828\r\nCurrent Profit / Loss Position: +52 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nShort at 0.8120\r\nStop at 0.8250\r\nLimit at 0.7600\r\nPresent Price: 0.8110\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\nRT158\r\nAUD/USD\r\nShort\r\nShort at 0.8990\r\nStop at 0.9050\r\nLimit at 0.8600\r\nPresent Price: 0.8921\r\nCurrent Profit / Loss Position: +69 pips\r\n\r\nRT159\r\nUSD/CHF\r\nLong\r\nLong at 0.9350\r\nStop at 0.9290\r\nLimit at 0.9580\r\nPresent Price: 0.9406\r\nCurrent Profit / Loss Position: +56 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> TRADES THAT ARE ON MY RADAR:</strong></li>\r\n</ol>\r\nThe following trades are limit orders that I will set with my brokers at the weekly open on 21<sup>st</sup> September 2014. They are NOT in place yet in case of any geopolitical news that may move the markets markedly out of position from the previous close.\r\n\r\n<strong>GBP/USD:</strong>\r\n\r\nFollowing the Scottish Referendum result the cable broke higher through the trend line resistance as you can see on the Daily Chart below. This was in fact a false breakout and cable was beaten down harshly back towards 1.6300. Crucial horizontal support lies at 1.6275.\r\n\r\nMy trade with this pair is to sell into strength and look for a possible move back towards 1.6000.\r\n\r\nAs always you have to careful with cable. There is still the likelihood that early next year there will be interest rate rises by the BOE.\r\n\r\nGBP/USD\r\nShort from 1.6350\r\nLimit 1.6420\r\nTarget 1.6000\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4374\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014-1024x491.png\" alt=\"GBPUSD DAILY  20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY:</strong>\r\n\r\nThis pair is in breakout territory after breaking free of the 106.00 level. While I think true support lies at 106.00 that is now some way away from the current levels of 109.00.\r\n\r\nThe charts are not really giving me much even as I go back to smaller minute charts. 108.60 is a horizontal support area.\r\n\r\nUSD/JPY\r\nLong from 108.60\r\nLimit 110.60\r\nStop Loss 108.00.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4373\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014-1024x491.png\" alt=\"USDJPY WEEKLY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/SEK</strong>\r\n\r\nI have been in and out of this pair over the past few months. This pair is moving higher and should we see USD strength come through the markets this is a pair that I would like to have active.\r\n\r\nUSD/SEK\r\nLong at 7.1000 (This is the breakout point hard to see on the chart)\r\nStop at 7.0500\r\nLimit 7.3650\r\n\r\n<strong> </strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4371\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014-1024x491.png\" alt=\"USDSEK MONTHLY 20092014\" width=\"1024\" height=\"491\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/NOK:</strong>\r\n\r\nThis pair was in a breakout out and pulled back nicely on Thursday last week that I missed. It stopped dead on the 61.8% retracement at 6.3318. This would be an excellent area to enter long with a stop at the 50% retracement of 6.2936 looking for a move back to the highs of 6.4550.\r\n\r\nUSD/NOK\r\nLong from 6.3320\r\nStop at 6.2900\r\nLimit at 6.4550\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4372\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014-1024x491.png\" alt=\"USDNOK DAILY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2828.</strong> It was a fascinating week for the single currency. I really thought we were going to test 1.3150 ahead of Yellen last Wednesday. Nomura came out with a 1.2700 prediction for the end of the week. The EUR/USD very nearly saw a 1.27 handle, it closed the week almost at the daily lows just above the Nomura prediction. This pair does look very bearish. If my “Domino” scenario plays out 1.2000 is not an unrealistic target. Can you imagine how pleased Italy, Spain, Portugal, Greece and Ireland would be if this happened. My levels to watch are support at 1.2760 and resistance at 1.2950. My bias is bearish.\r\n\r\n<strong>GBP/USD: Closing Price 1.6285</strong>. It was a bit of a roller-coaster week for the cable. It closed the week almost on critical horizontal support at 1.6275. A break below here opens up 1.6000 in my opinion. Resistance is at 1.6345 then 1.6420. My bias is bearish.\r\n\r\n<strong>AUD/USD: Closing Price 0.8921</strong>. The sell-off continues and another 100 pip weekly fall has been seen. We are now at the point where it will just have to drop to 0.8500 to satisfy everyone and then allow the bottom pickers to enter long. My issue is that I think that Glenn Stevens at the RBA has maybe around 0.8000 as the figure in mind. Should commodities sell off and a reversal in equities happens it would make 0.8000 more of a target than 0.8500. For now support is at 0.8880 and resistance at 0.9000. Mt bias is bearish.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.8110</strong>. At the end of another trading week not much of a difference in the weekly closing price. I think that the AUD/NZD cross-rate effect is in play. Support is at 0.8070 and resistance is good at 0.8220. My bias is bearish.\r\n\r\n<strong>USD/CAD: Closing Price 1.0960.</strong> The breakout that I was looking for last week has not materialized. This pair is a lead indicator and the signs were there but the move did not happen. I still believe that this pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again. I took a loss on a trade yesterday on the back of strong Canadian data. The range for me is support at 1.0900 and resistance at 1.1000. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9406</strong>. This pair has closed the week on key resistance. If the EUR/USD continues to struggle this will be good news for my long USD/CHF trade. We are playing out a head and shoulders pattern with the measured move being up to 0.9580. Immediate support is at 0.9350 and resistance now at 0.9450. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 109.01. </strong>There was a massive weakness in the JPY currency across the board this week. The question is just how far is the USD/JPY going to go. I think that 100.00 beckons and we may reach as high as 110.60. There is so much further that this pair can go higher, however, there is a Fibonacci resistance level (78.6%) at 112.70. The immediate levels with the USD/JPY are in roundish numbers support at 108.50 and resistance at 109.50. My bias is bullish.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"8\">\r\n	<li><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\nLONG:\r\n\r\nUSD/CHF\r\nUSD/JPY\r\nCAD/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nGBP/AUD\r\nGBP/CHF\r\nUSD/DKK\r\nUSD/SEK\r\n\r\n&nbsp;\r\n\r\nSHORT:\r\n\r\nEUR/USD\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\nEUR/CAD\r\nEUR/CHF\r\nEUR/NOK\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"9\">\r\n	<li><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB President) Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – German and French Flash Manufacturing PMi.\r\nTUESDAY: CAD – Core Retail Sales.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: EUR – German ifo Business Climate.\r\nWEDNESDAY: AUD – Glenn Stevens (RBA President) Speaks.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: N/A.<strong> </strong>\r\n\r\n<strong>\r\n10. FINAL THOUGHTS</strong>\r\n\r\nFrom a news event perspective it looks fairly light for the next week.\r\n\r\nMy feature article in the blog this week was about the strength of the USD. If my thoughts come to fruition there will be a lot of activity to consider coming up and it could be as early as next week.\r\n\r\nIf the “Dominos” start to fall over, the speed of the knock-on effect could be quite staggering. With this data at the front of my mind I will trade accordingly and keep my positions very manageable.\r\n\r\nAs I always say, no matter what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 20th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\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.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND A BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?','','publish','open','closed','','usd-index-dxy-multi-year-highs-breakout-looms-will-effects','','','2014-09-20 13:17:22','2014-09-20 18:17:22','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4384',0,'member_posts','',0),(4385,1,'2014-09-20 13:14:22','2014-09-20 18:14:22','<strong> </strong>\r\n<ol>\r\n	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nAlthough last week was a good trading week I am grateful that it is over.\r\n\r\nWith regards to the Scottish Referendum vote; after the release of the “Falkirk” result on Thursday evening, I went long across the board GBP because this area was deemed to be a “nap” (guarantee) for the YES vote. It was a shock to Alex Salmond no doubt, when the count total was released as a NO victory. This is not my usual trading style at all. I quickly placed some protected stops as I felt that moves had already forced strength in the cable but some resistance levels were on the horizon and I wanted to bank some $$$. In the middle of setting stops my connection to the broker that had the 7 trades failed.\r\n\r\nWe have all been there. I was frantically trying to establish a connection via my backup and via my cellphone as well. Knowing that I only had a few minutes, stress levels were at RED alert. By the time I established a re-connection I placed protective stops on all trades as the GBP/USD was already starting to look top heavy. after I tweeted out the trades to PREMIUM SERVICE subscribers, the trades bounced up. I walked away to make coffee back 3 or 4 minutes later and all trades were being closed automatically except for the GBP/JPY, which took about another 10 minutes or so.\r\n\r\nWhy write this in the blog?\r\n<ul>\r\n	<li>The importance of setting stops whether to protect losses or profits is paramount to trading success.</li>\r\n	<li>Whilst it was a frantic 15-20 minutes in total. I had my routine, the order in which to logically go through problem solving and getting my connectivity to the broker(s) re-established. Everything is prioritized.</li>\r\n	<li>When the connection is re-established the only thing to do is protect your trades. Should you feel volatility is too high, make a decision to close trades or run the risk of the stops being used. If you set wider stops like I do, close trades and bank $$$ whenever and wherever you can. I trade to make $$$ not to give money to brokers.</li>\r\n</ul>\r\nTrading is about being as cute and smart as you can even in moments when you are out of control. I know that you can describe having a stop in play is being in control. I completely understand that point of view, but for me control means having the ability to adjust a trade in a second if the market moves me to do so.\r\n\r\nIn the end, I banked +326 pips on the Falkirk news…. I am grateful. It could have been more pips, it could have been fewer pips and of course it could have been a negative set of trades as they were all really working in unison. It is worth having an action plan in place to logically tackle these potential trading nightmares.\r\n\r\nPrior to the Scottish news there was the FOMC statement. After all the debate ahead of time Janet Yellen remained a “Dove”. I was surprised, but not surprised, her pre-amble statement of about 40-50 words always says along the lines of after everything is back to normal the FED will always have a loose supportive policy in place. The “Considerable Period of Time” line that attracts all the focus is maybe not the key that we all think that it is. Sure, it is a contributing factor but she is a “Dove” and I think that we note this.\r\n\r\nIn any event, Dove or Hawk, the USD strengthened like crazy after she walked off the stage…. it is what it is, the statement meant nothing really at the end of the day in my opinion.\r\n\r\nNow I think it’s all about applying focus back into my favourite economic area, …… the EUROZONE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> THE PREMIUM SERVICE: –\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nThe past week was a great trading week with the PREMIUM SERVICE. Lots more trades, very few losses and a consistent stream of $$$ hitting my brokers. I know that some of you follow either just RADAR trades or just follow FLASH trades. There was a great mixture over the past week so if you are selective you should have banked good $$$.\r\n\r\nIf you missed a few trades do not worry. The market is here for us 5 days a week. Whilst there was a fantastic profit % last week, this is not always the case. As I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\nLooking forward let’s hope that the charts keep presenting great trading opportunities to exploit.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nI completed the MONTREAL – INTRODUCTION TO FOREX presentations last weekend. Attendance was not as good as I had hoped but interest has continued after the event and I am looking to follow up with a one-off session at my home for interested parties.\r\n\r\nA local radio station that wants me to talk about Forex has been in touch; this should be fascinating if I am asked about chart patterns. If this progresses I will let you know.<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\"><img class=\"aligncenter size-full wp-image-4381\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\" alt=\"PREM SERV PROFITS1 20092014\" width=\"454\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\"><img class=\"aligncenter size-full wp-image-4382\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\" alt=\"PREM SERV PROFITS2 20092014\" width=\"457\" height=\"421\" /></a>\r\n\r\nPLEASE NOTE:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed. 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND\r\nA BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?</strong></p>\r\n<strong>\r\n</strong>\r\n\r\nLast week I included in the blog a chart of the USD index (DXY).\r\n\r\nI include an updated version this week. The USD index is on the cusp of a major breakout. We are hitting against major resistance at 84.75-84.80. The trend line is an 8-year resistance line. If this breaks the USD has the chance to move up to just over 92.00. The ramifications of this move would place the EUR/USD at around 1.2000.\r\n\r\nThe (DXY – Weekly) chart below has the details.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014.png\"><img class=\"aligncenter size-large wp-image-4380\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014-1024x531.png\" alt=\"DXY 20092014\" width=\"1024\" height=\"531\" /></a>\r\n\r\n&nbsp;\r\n\r\nShould the USD break out, I can imagine that the best way to describe the events would be the equivalent of dominoes falling over one after another like you see in the competitions that you can watch on You Tube.\r\n\r\nWhat are dominoes that I see falling?\r\n\r\nThese are not in what I believe the order will be, but, it is my assessment of what may happen. Plus: this can all happen very, very quickly.\r\n<ul>\r\n	<li>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.</li>\r\n	<li>EUR/USD: Slips through 1.2760 and heads for 1.2500.</li>\r\n	<li>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</li>\r\n	<li>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fuelling the USD/JPY move higher.</li>\r\n	<li>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</li>\r\n	<li>COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</li>\r\n	<li>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</li>\r\n	<li>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</li>\r\n	<li>COMMODITY PRICES: Start to come under pressure and fall.</li>\r\n	<li>THE VIX: This starts to trade at new highs.\r\n\r\nand…. then…. finally,</li>\r\n	<li>EQUITIES: They start to weaken and roll over which exacerbates the USD strength and forces the DXY higher towards 90.00. We already saw the Alibaba (BABA) IPO yesterday (Friday 19<sup>th</sup> September 2014) and the volatility on Wall Street was incredible. BABA moved from all-time highs to all-time lows and everything in between.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nDespite the biggest IPO in Wall Street history, the DOW, S&amp;P and Nasdaq all flirted with going negative.\r\n\r\nThe positive effect of the Scottish Vote was not felt in the cable and it was short lived as well on Wall Street.\r\n\r\nThe closing charts on the major indices do not look as if they are going to continue higher, in fact they look very toppy.\r\n\r\nNext week could see the dominoes being placed in position and maybe sooner rather than later. There will be some spectacular trading opportunities if this scenario plays out.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> TRADER TOPICS:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>TRADING OUTSIDE OF YOUR COMFORT ZONE</strong></p>\r\nIn all the articles that I have supplied to the TRADING ESSENTIALS area of the PREMIUM SERVICE support area, I have tried to emphasize RISK MANAGEMENT as being essential. When you compose your TRADING PLAN together with the TRADING DISCIPLINES, RISK TOLERANCES and MONEY MANAGEMENT principles that you have tested over time, these principles that you have developed are the base to make you a more consistent trader with longevity to trade in the Forex market.\r\n\r\nThese basics enable you to work on possible trading flaws and further determine what works for you and what doesn’t in your trades. This further adds weight to your trading being more consistent.\r\n\r\nAll of the above, whilst they are tried and tested can become boring after a period of time. You may want more just to test your abilities and resilience. As mentioned, once you are comfortable with a tried and tested strategy, you may consider trading outside of your comfort zone.\r\n\r\nI am not saying double or triple position sizes.\r\nI am not saying throw your TRADING PLAN out of the window.\r\n\r\nThis may not be typical of every trader, but I have been asked if trading is boring after a time what do I do? I have the blogs and twitter to keep me diversified.\r\n\r\nFor most traders, I am thinking along the lines of maybe looking at increasing your skills by maybe trying a different trading method. This would add to your knowledge of the industry and it may expose you to more opportunities and maybe more profit opportunities. If you do something that gives you increased knowledge it will add to your fulfillment, confidence and your emotional resilience as a trader. Neither of these are bad things at all.\r\n\r\nOn the negative side, stepping outside of your existing COMFORT ZONE does expose you to emotional stress, which can expose you to the possibility of making mistakes.\r\n\r\nHere are my thoughts on managing the emotional side of trying something new: -\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>MOVE SLOWLY:</li>\r\n</ol>\r\nDo NOT jump into something new like a bull in a china shop. Your change may be on certain types of entries: e.g. wedge or flag formations where you may increase your position size by say one lot. It may even be trading a new currency pair. Whatever it is, take it easy.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>TEST AS MUCH AS YOU CAN:</li>\r\n</ol>\r\nThe great thing about Forex trading is that you can demo account all thoughts and ideas. Test them; refine them before placing into a LIVE environment. This ensures less risk and the only investment that you require is your time.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>ALL SAID AND DONE… YOU CAN PUT IT DOWN TO EXPERIENCE:</li>\r\n</ol>\r\nLike many traders I have gone outside of my comfort zone. Sometimes the end result was good. For example, increasing my position sizes by two lots trading a bearish wedge breakout to the long side and moving my stops to break even on the 23.6% retracement of the downside move.\r\n\r\nThat was a great strategy but I have had failures.\r\n\r\nThey were all learning curves that add to experience.\r\n\r\n&nbsp;\r\n\r\nCONCLUSION:\r\n\r\nRemember, when you take on any new action, whether it is just testing a trading method or using a different way to analyze the market your ideas will be challenged. The key is try to have an open mind, as you may see things that you did not see before, new ideas may pop up and you will grow.\r\n\r\nGoing outside of your comfort zone is not easy. You may see success at first but as you know with how your TRADING PLAN is set up it can take a huge amount of repetition before it becomes fixed into your trading plan. The great thing is that trying new techniques keeps you open to change and the possibility of increased profits.<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY CURRENT LIVE TRADES:</strong></li>\r\n</ol>\r\n<strong>FLASH TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0900\r\nLimit at 1.1550\r\nPresent Price: 1.0968\r\nCurrent Profit / Loss Position: -232 pips\r\n(This trade is now hedged at a 125-pip loss<strong>)</strong><strong> </strong>\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nShort at 1.2880\r\nStop at 1.2980\r\nLimit at 1.2650\r\nPresent Price: 1 2828\r\nCurrent Profit / Loss Position: +52 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nShort at 0.8120\r\nStop at 0.8250\r\nLimit at 0.7600\r\nPresent Price: 0.8110\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\nRT158\r\nAUD/USD\r\nShort\r\nShort at 0.8990\r\nStop at 0.9050\r\nLimit at 0.8600\r\nPresent Price: 0.8921\r\nCurrent Profit / Loss Position: +69 pips\r\n\r\nRT159\r\nUSD/CHF\r\nLong\r\nLong at 0.9350\r\nStop at 0.9290\r\nLimit at 0.9580\r\nPresent Price: 0.9406\r\nCurrent Profit / Loss Position: +56 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> TRADES THAT ARE ON MY RADAR:</strong></li>\r\n</ol>\r\nThe following trades are limit orders that I will set with my brokers at the weekly open on 21<sup>st</sup> September 2014. They are NOT in place yet in case of any geopolitical news that may move the markets markedly out of position from the previous close.\r\n\r\n<strong>GBP/USD:</strong>\r\n\r\nFollowing the Scottish Referendum result the cable broke higher through the trend line resistance as you can see on the Daily Chart below. This was in fact a false breakout and cable was beaten down harshly back towards 1.6300. Crucial horizontal support lies at 1.6275.\r\n\r\nMy trade with this pair is to sell into strength and look for a possible move back towards 1.6000.\r\n\r\nAs always you have to careful with cable. There is still the likelihood that early next year there will be interest rate rises by the BOE.\r\n\r\nGBP/USD\r\nShort from 1.6350\r\nLimit 1.6420\r\nTarget 1.6000\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4374\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014-1024x491.png\" alt=\"GBPUSD DAILY  20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY:</strong>\r\n\r\nThis pair is in breakout territory after breaking free of the 106.00 level. While I think true support lies at 106.00 that is now some way away from the current levels of 109.00.\r\n\r\nThe charts are not really giving me much even as I go back to smaller minute charts. 108.60 is a horizontal support area.\r\n\r\nUSD/JPY\r\nLong from 108.60\r\nLimit 110.60\r\nStop Loss 108.00.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4373\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014-1024x491.png\" alt=\"USDJPY WEEKLY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/SEK</strong>\r\n\r\nI have been in and out of this pair over the past few months. This pair is moving higher and should we see USD strength come through the markets this is a pair that I would like to have active.\r\n\r\nUSD/SEK\r\nLong at 7.1000 (This is the breakout point hard to see on the chart)\r\nStop at 7.0500\r\nLimit 7.3650\r\n\r\n<strong> </strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4371\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014-1024x491.png\" alt=\"USDSEK MONTHLY 20092014\" width=\"1024\" height=\"491\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/NOK:</strong>\r\n\r\nThis pair was in a breakout out and pulled back nicely on Thursday last week that I missed. It stopped dead on the 61.8% retracement at 6.3318. This would be an excellent area to enter long with a stop at the 50% retracement of 6.2936 looking for a move back to the highs of 6.4550.\r\n\r\nUSD/NOK\r\nLong from 6.3320\r\nStop at 6.2900\r\nLimit at 6.4550\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4372\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014-1024x491.png\" alt=\"USDNOK DAILY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2828.</strong> It was a fascinating week for the single currency. I really thought we were going to test 1.3150 ahead of Yellen last Wednesday. Nomura came out with a 1.2700 prediction for the end of the week. The EUR/USD very nearly saw a 1.27 handle, it closed the week almost at the daily lows just above the Nomura prediction. This pair does look very bearish. If my “Domino” scenario plays out 1.2000 is not an unrealistic target. Can you imagine how pleased Italy, Spain, Portugal, Greece and Ireland would be if this happened. My levels to watch are support at 1.2760 and resistance at 1.2950. My bias is bearish.\r\n\r\n<strong>GBP/USD: Closing Price 1.6285</strong>. It was a bit of a roller-coaster week for the cable. It closed the week almost on critical horizontal support at 1.6275. A break below here opens up 1.6000 in my opinion. Resistance is at 1.6345 then 1.6420. My bias is bearish.\r\n\r\n<strong>AUD/USD: Closing Price 0.8921</strong>. The sell-off continues and another 100 pip weekly fall has been seen. We are now at the point where it will just have to drop to 0.8500 to satisfy everyone and then allow the bottom pickers to enter long. My issue is that I think that Glenn Stevens at the RBA has maybe around 0.8000 as the figure in mind. Should commodities sell off and a reversal in equities happens it would make 0.8000 more of a target than 0.8500. For now support is at 0.8880 and resistance at 0.9000. Mt bias is bearish.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.8110</strong>. At the end of another trading week not much of a difference in the weekly closing price. I think that the AUD/NZD cross-rate effect is in play. Support is at 0.8070 and resistance is good at 0.8220. My bias is bearish.\r\n\r\n<strong>USD/CAD: Closing Price 1.0960.</strong> The breakout that I was looking for last week has not materialized. This pair is a lead indicator and the signs were there but the move did not happen. I still believe that this pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again. I took a loss on a trade yesterday on the back of strong Canadian data. The range for me is support at 1.0900 and resistance at 1.1000. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9406</strong>. This pair has closed the week on key resistance. If the EUR/USD continues to struggle this will be good news for my long USD/CHF trade. We are playing out a head and shoulders pattern with the measured move being up to 0.9580. Immediate support is at 0.9350 and resistance now at 0.9450. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 109.01. </strong>There was a massive weakness in the JPY currency across the board this week. The question is just how far is the USD/JPY going to go. I think that 100.00 beckons and we may reach as high as 110.60. There is so much further that this pair can go higher, however, there is a Fibonacci resistance level (78.6%) at 112.70. The immediate levels with the USD/JPY are in roundish numbers support at 108.50 and resistance at 109.50. My bias is bullish.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"8\">\r\n	<li><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\nLONG:\r\n\r\nUSD/CHF\r\nUSD/JPY\r\nCAD/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nGBP/AUD\r\nGBP/CHF\r\nUSD/DKK\r\nUSD/SEK\r\nSHORT:\r\n\r\nEUR/USD\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\nEUR/CAD\r\nEUR/CHF\r\nEUR/NOK\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"9\">\r\n	<li><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB President) Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – German and French Flash Manufacturing PMi.\r\nTUESDAY: CAD – Core Retail Sales.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: EUR – German ifo Business Climate.\r\nWEDNESDAY: AUD – Glenn Stevens (RBA President) Speaks.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: N/A.<strong> </strong>\r\n\r\n<strong>\r\n10. FINAL THOUGHTS</strong>\r\n\r\nFrom a news event perspective it looks fairly light for the next week.\r\n\r\nMy feature article in the blog this week was about the strength of the USD. If my thoughts come to fruition there will be a lot of activity to consider coming up and it could be as early as next week.\r\n\r\nIf the “Dominos” start to fall over, the speed of the knock-on effect could be quite staggering. With this data at the front of my mind I will trade accordingly and keep my positions very manageable.\r\n\r\nAs I always say, no matter what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 20th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\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.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND A BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?','','inherit','open','closed','','4384-revision-v1','','','2014-09-20 13:14:22','2014-09-20 18:14:22','',4384,'https://weeklyfxdrivethru.com/4384-revision-v1/',0,'revision','',0),(4386,1,'2014-09-20 13:15:06','2014-09-20 18:15:06','<strong> </strong>\r\n<ol>\r\n	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nAlthough last week was a good trading week I am grateful that it is over.\r\n\r\nWith regards to the Scottish Referendum vote; after the release of the “Falkirk” result on Thursday evening, I went long across the board GBP because this area was deemed to be a “nap” (guarantee) for the YES vote. It was a shock to Alex Salmond no doubt, when the count total was released as a NO victory. This is not my usual trading style at all. I quickly placed some protected stops as I felt that moves had already forced strength in the cable but some resistance levels were on the horizon and I wanted to bank some $$$. In the middle of setting stops my connection to the broker that had the 7 trades failed.\r\n\r\nWe have all been there. I was frantically trying to establish a connection via my backup and via my cellphone as well. Knowing that I only had a few minutes, stress levels were at RED alert. By the time I established a re-connection I placed protective stops on all trades as the GBP/USD was already starting to look top heavy. after I tweeted out the trades to PREMIUM SERVICE subscribers, the trades bounced up. I walked away to make coffee back 3 or 4 minutes later and all trades were being closed automatically except for the GBP/JPY, which took about another 10 minutes or so.\r\n\r\nWhy write this in the blog?\r\n<ul>\r\n	<li>The importance of setting stops whether to protect losses or profits is paramount to trading success.</li>\r\n	<li>Whilst it was a frantic 15-20 minutes in total. I had my routine, the order in which to logically go through problem solving and getting my connectivity to the broker(s) re-established. Everything is prioritized.</li>\r\n	<li>When the connection is re-established the only thing to do is protect your trades. Should you feel volatility is too high, make a decision to close trades or run the risk of the stops being used. If you set wider stops like I do, close trades and bank $$$ whenever and wherever you can. I trade to make $$$ not to give money to brokers.</li>\r\n</ul>\r\nTrading is about being as cute and smart as you can even in moments when you are out of control. I know that you can describe having a stop in play is being in control. I completely understand that point of view, but for me control means having the ability to adjust a trade in a second if the market moves me to do so.\r\n\r\nIn the end, I banked +326 pips on the Falkirk news…. I am grateful. It could have been more pips, it could have been fewer pips and of course it could have been a negative set of trades as they were all really working in unison. It is worth having an action plan in place to logically tackle these potential trading nightmares.\r\n\r\nPrior to the Scottish news there was the FOMC statement. After all the debate ahead of time Janet Yellen remained a “Dove”. I was surprised, but not surprised, her pre-amble statement of about 40-50 words always says along the lines of after everything is back to normal the FED will always have a loose supportive policy in place. The “Considerable Period of Time” line that attracts all the focus is maybe not the key that we all think that it is. Sure, it is a contributing factor but she is a “Dove” and I think that we note this.\r\n\r\nIn any event, Dove or Hawk, the USD strengthened like crazy after she walked off the stage…. it is what it is, the statement meant nothing really at the end of the day in my opinion.\r\n\r\nNow I think it’s all about applying focus back into my favourite economic area, …… the EUROZONE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong> THE PREMIUM SERVICE: –</strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nThe past week was a great trading week with the PREMIUM SERVICE. Lots more trades, very few losses and a consistent stream of $$$ hitting my brokers. I know that some of you follow either just RADAR trades or just follow FLASH trades. There was a great mixture over the past week so if you are selective you should have banked good $$$.\r\n\r\nIf you missed a few trades do not worry. The market is here for us 5 days a week. Whilst there was a fantastic profit % last week, this is not always the case. As I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\nLooking forward let’s hope that the charts keep presenting great trading opportunities to exploit.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nI completed the MONTREAL – INTRODUCTION TO FOREX presentations last weekend. Attendance was not as good as I had hoped but interest has continued after the event and I am looking to follow up with a one-off session at my home for interested parties.\r\n\r\nA local radio station that wants me to talk about Forex has been in touch; this should be fascinating if I am asked about chart patterns. If this progresses I will let you know.<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\"><img class=\"aligncenter size-full wp-image-4381\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\" alt=\"PREM SERV PROFITS1 20092014\" width=\"454\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\"><img class=\"aligncenter size-full wp-image-4382\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\" alt=\"PREM SERV PROFITS2 20092014\" width=\"457\" height=\"421\" /></a>\r\n\r\nPLEASE NOTE:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed. 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND\r\nA BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?</strong></p>\r\n<strong>\r\n</strong>\r\n\r\nLast week I included in the blog a chart of the USD index (DXY).\r\n\r\nI include an updated version this week. The USD index is on the cusp of a major breakout. We are hitting against major resistance at 84.75-84.80. The trend line is an 8-year resistance line. If this breaks the USD has the chance to move up to just over 92.00. The ramifications of this move would place the EUR/USD at around 1.2000.\r\n\r\nThe (DXY – Weekly) chart below has the details.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014.png\"><img class=\"aligncenter size-large wp-image-4380\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014-1024x531.png\" alt=\"DXY 20092014\" width=\"1024\" height=\"531\" /></a>\r\n\r\n&nbsp;\r\n\r\nShould the USD break out, I can imagine that the best way to describe the events would be the equivalent of dominoes falling over one after another like you see in the competitions that you can watch on You Tube.\r\n\r\nWhat are dominoes that I see falling?\r\n\r\nThese are not in what I believe the order will be, but, it is my assessment of what may happen. Plus: this can all happen very, very quickly.\r\n<ul>\r\n	<li>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.</li>\r\n	<li>EUR/USD: Slips through 1.2760 and heads for 1.2500.</li>\r\n	<li>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</li>\r\n	<li>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fuelling the USD/JPY move higher.</li>\r\n	<li>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</li>\r\n	<li>COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</li>\r\n	<li>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</li>\r\n	<li>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</li>\r\n	<li>COMMODITY PRICES: Start to come under pressure and fall.</li>\r\n	<li>THEVIX: This starts to trade at new highs.and…. then…. finally,</li>\r\n	<li>EQUITIES: They start to weaken and roll over which exacerbates the USD strength and forces the DXY higher towards 90.00. We already saw the Alibaba (BABA) IPO yesterday (Friday 19<sup>th</sup> September 2014) and the volatility on Wall Street was incredible. BABA moved from all-time highs to all-time lows and everything in between.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nDespite the biggest IPO in Wall Street history, the DOW, S&amp;P and Nasdaq all flirted with going negative.\r\n\r\nThe positive effect of the Scottish Vote was not felt in the cable and it was short lived as well on Wall Street.\r\n\r\nThe closing charts on the major indices do not look as if they are going to continue higher, in fact they look very toppy.\r\n\r\nNext week could see the dominoes being placed in position and maybe sooner rather than later. There will be some spectacular trading opportunities if this scenario plays out.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> TRADER TOPICS:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>TRADING OUTSIDE OF YOUR COMFORT ZONE</strong></p>\r\nIn all the articles that I have supplied to the TRADING ESSENTIALS area of the PREMIUM SERVICE support area, I have tried to emphasize RISK MANAGEMENT as being essential. When you compose your TRADING PLAN together with the TRADING DISCIPLINES, RISK TOLERANCES and MONEY MANAGEMENT principles that you have tested over time, these principles that you have developed are the base to make you a more consistent trader with longevity to trade in the Forex market.\r\n\r\nThese basics enable you to work on possible trading flaws and further determine what works for you and what doesn’t in your trades. This further adds weight to your trading being more consistent.\r\n\r\nAll of the above, whilst they are tried and tested can become boring after a period of time. You may want more just to test your abilities and resilience. As mentioned, once you are comfortable with a tried and tested strategy, you may consider trading outside of your comfort zone.\r\n\r\nI am not saying double or triple position sizes.\r\nI am not saying throw your TRADING PLAN out of the window.\r\n\r\nThis may not be typical of every trader, but I have been asked if trading is boring after a time what do I do? I have the blogs and twitter to keep me diversified.\r\n\r\nFor most traders, I am thinking along the lines of maybe looking at increasing your skills by maybe trying a different trading method. This would add to your knowledge of the industry and it may expose you to more opportunities and maybe more profit opportunities. If you do something that gives you increased knowledge it will add to your fulfillment, confidence and your emotional resilience as a trader. Neither of these are bad things at all.\r\n\r\nOn the negative side, stepping outside of your existing COMFORT ZONE does expose you to emotional stress, which can expose you to the possibility of making mistakes.\r\n\r\nHere are my thoughts on managing the emotional side of trying something new: -\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>MOVE SLOWLY:</li>\r\n</ol>\r\nDo NOT jump into something new like a bull in a china shop. Your change may be on certain types of entries: e.g. wedge or flag formations where you may increase your position size by say one lot. It may even be trading a new currency pair. Whatever it is, take it easy.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>TEST AS MUCH AS YOU CAN:</li>\r\n</ol>\r\nThe great thing about Forex trading is that you can demo account all thoughts and ideas. Test them; refine them before placing into a LIVE environment. This ensures less risk and the only investment that you require is your time.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>ALL SAID AND DONE… YOU CAN PUT IT DOWN TO EXPERIENCE:</li>\r\n</ol>\r\nLike many traders I have gone outside of my comfort zone. Sometimes the end result was good. For example, increasing my position sizes by two lots trading a bearish wedge breakout to the long side and moving my stops to break even on the 23.6% retracement of the downside move.\r\n\r\nThat was a great strategy but I have had failures.\r\n\r\nThey were all learning curves that add to experience.\r\n\r\n&nbsp;\r\n\r\nCONCLUSION:\r\n\r\nRemember, when you take on any new action, whether it is just testing a trading method or using a different way to analyze the market your ideas will be challenged. The key is try to have an open mind, as you may see things that you did not see before, new ideas may pop up and you will grow.\r\n\r\nGoing outside of your comfort zone is not easy. You may see success at first but as you know with how your TRADING PLAN is set up it can take a huge amount of repetition before it becomes fixed into your trading plan. The great thing is that trying new techniques keeps you open to change and the possibility of increased profits.<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY CURRENT LIVE TRADES:</strong></li>\r\n</ol>\r\n<strong>FLASH TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0900\r\nLimit at 1.1550\r\nPresent Price: 1.0968\r\nCurrent Profit / Loss Position: -232 pips\r\n(This trade is now hedged at a 125-pip loss<strong>)</strong><strong> </strong>\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nShort at 1.2880\r\nStop at 1.2980\r\nLimit at 1.2650\r\nPresent Price: 1 2828\r\nCurrent Profit / Loss Position: +52 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nShort at 0.8120\r\nStop at 0.8250\r\nLimit at 0.7600\r\nPresent Price: 0.8110\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\nRT158\r\nAUD/USD\r\nShort\r\nShort at 0.8990\r\nStop at 0.9050\r\nLimit at 0.8600\r\nPresent Price: 0.8921\r\nCurrent Profit / Loss Position: +69 pips\r\n\r\nRT159\r\nUSD/CHF\r\nLong\r\nLong at 0.9350\r\nStop at 0.9290\r\nLimit at 0.9580\r\nPresent Price: 0.9406\r\nCurrent Profit / Loss Position: +56 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> TRADES THAT ARE ON MY RADAR:</strong></li>\r\n</ol>\r\nThe following trades are limit orders that I will set with my brokers at the weekly open on 21<sup>st</sup> September 2014. They are NOT in place yet in case of any geopolitical news that may move the markets markedly out of position from the previous close.\r\n\r\n<strong>GBP/USD:</strong>\r\n\r\nFollowing the Scottish Referendum result the cable broke higher through the trend line resistance as you can see on the Daily Chart below. This was in fact a false breakout and cable was beaten down harshly back towards 1.6300. Crucial horizontal support lies at 1.6275.\r\n\r\nMy trade with this pair is to sell into strength and look for a possible move back towards 1.6000.\r\n\r\nAs always you have to careful with cable. There is still the likelihood that early next year there will be interest rate rises by the BOE.\r\n\r\nGBP/USD\r\nShort from 1.6350\r\nLimit 1.6420\r\nTarget 1.6000\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4374\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014-1024x491.png\" alt=\"GBPUSD DAILY  20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY:</strong>\r\n\r\nThis pair is in breakout territory after breaking free of the 106.00 level. While I think true support lies at 106.00 that is now some way away from the current levels of 109.00.\r\n\r\nThe charts are not really giving me much even as I go back to smaller minute charts. 108.60 is a horizontal support area.\r\n\r\nUSD/JPY\r\nLong from 108.60\r\nLimit 110.60\r\nStop Loss 108.00.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4373\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014-1024x491.png\" alt=\"USDJPY WEEKLY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/SEK</strong>\r\n\r\nI have been in and out of this pair over the past few months. This pair is moving higher and should we see USD strength come through the markets this is a pair that I would like to have active.\r\n\r\nUSD/SEK\r\nLong at 7.1000 (This is the breakout point hard to see on the chart)\r\nStop at 7.0500\r\nLimit 7.3650\r\n\r\n<strong> </strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4371\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014-1024x491.png\" alt=\"USDSEK MONTHLY 20092014\" width=\"1024\" height=\"491\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/NOK:</strong>\r\n\r\nThis pair was in a breakout out and pulled back nicely on Thursday last week that I missed. It stopped dead on the 61.8% retracement at 6.3318. This would be an excellent area to enter long with a stop at the 50% retracement of 6.2936 looking for a move back to the highs of 6.4550.\r\n\r\nUSD/NOK\r\nLong from 6.3320\r\nStop at 6.2900\r\nLimit at 6.4550\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4372\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014-1024x491.png\" alt=\"USDNOK DAILY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2828.</strong> It was a fascinating week for the single currency. I really thought we were going to test 1.3150 ahead of Yellen last Wednesday. Nomura came out with a 1.2700 prediction for the end of the week. The EUR/USD very nearly saw a 1.27 handle, it closed the week almost at the daily lows just above the Nomura prediction. This pair does look very bearish. If my “Domino” scenario plays out 1.2000 is not an unrealistic target. Can you imagine how pleased Italy, Spain, Portugal, Greece and Ireland would be if this happened. My levels to watch are support at 1.2760 and resistance at 1.2950. My bias is bearish.\r\n\r\n<strong>GBP/USD: Closing Price 1.6285</strong>. It was a bit of a roller-coaster week for the cable. It closed the week almost on critical horizontal support at 1.6275. A break below here opens up 1.6000 in my opinion. Resistance is at 1.6345 then 1.6420. My bias is bearish.\r\n\r\n<strong>AUD/USD: Closing Price 0.8921</strong>. The sell-off continues and another 100 pip weekly fall has been seen. We are now at the point where it will just have to drop to 0.8500 to satisfy everyone and then allow the bottom pickers to enter long. My issue is that I think that Glenn Stevens at the RBA has maybe around 0.8000 as the figure in mind. Should commodities sell off and a reversal in equities happens it would make 0.8000 more of a target than 0.8500. For now support is at 0.8880 and resistance at 0.9000. Mt bias is bearish.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.8110</strong>. At the end of another trading week not much of a difference in the weekly closing price. I think that the AUD/NZD cross-rate effect is in play. Support is at 0.8070 and resistance is good at 0.8220. My bias is bearish.\r\n\r\n<strong>USD/CAD: Closing Price 1.0960.</strong> The breakout that I was looking for last week has not materialized. This pair is a lead indicator and the signs were there but the move did not happen. I still believe that this pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again. I took a loss on a trade yesterday on the back of strong Canadian data. The range for me is support at 1.0900 and resistance at 1.1000. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9406</strong>. This pair has closed the week on key resistance. If the EUR/USD continues to struggle this will be good news for my long USD/CHF trade. We are playing out a head and shoulders pattern with the measured move being up to 0.9580. Immediate support is at 0.9350 and resistance now at 0.9450. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 109.01. </strong>There was a massive weakness in the JPY currency across the board this week. The question is just how far is the USD/JPY going to go. I think that 100.00 beckons and we may reach as high as 110.60. There is so much further that this pair can go higher, however, there is a Fibonacci resistance level (78.6%) at 112.70. The immediate levels with the USD/JPY are in roundish numbers support at 108.50 and resistance at 109.50. My bias is bullish.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"8\">\r\n	<li><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\nLONG:\r\n\r\nUSD/CHF\r\nUSD/JPY\r\nCAD/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nGBP/AUD\r\nGBP/CHF\r\nUSD/DKK\r\nUSD/SEK\r\nSHORT:\r\n\r\nEUR/USD\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\nEUR/CAD\r\nEUR/CHF\r\nEUR/NOK\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"9\">\r\n	<li><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB President) Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – German and French Flash Manufacturing PMi.\r\nTUESDAY: CAD – Core Retail Sales.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: EUR – German ifo Business Climate.\r\nWEDNESDAY: AUD – Glenn Stevens (RBA President) Speaks.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: N/A.<strong> </strong>\r\n\r\n<strong>\r\n10. FINAL THOUGHTS</strong>\r\n\r\nFrom a news event perspective it looks fairly light for the next week.\r\n\r\nMy feature article in the blog this week was about the strength of the USD. If my thoughts come to fruition there will be a lot of activity to consider coming up and it could be as early as next week.\r\n\r\nIf the “Dominos” start to fall over, the speed of the knock-on effect could be quite staggering. With this data at the front of my mind I will trade accordingly and keep my positions very manageable.\r\n\r\nAs I always say, no matter what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 20th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\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.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND A BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?','','inherit','open','closed','','4384-revision-v1','','','2014-09-20 13:15:06','2014-09-20 18:15:06','',4384,'https://weeklyfxdrivethru.com/4384-revision-v1/',0,'revision','',0),(4387,1,'2014-09-20 13:17:22','2014-09-20 18:17:22','<strong> </strong>\r\n<ol>\r\n	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nAlthough last week was a good trading week I am grateful that it is over.\r\n\r\nWith regards to the Scottish Referendum vote; after the release of the “Falkirk” result on Thursday evening, I went long across the board GBP because this area was deemed to be a “nap” (guarantee) for the YES vote. It was a shock to Alex Salmond no doubt, when the count total was released as a NO victory. This is not my usual trading style at all. I quickly placed some protected stops as I felt that moves had already forced strength in the cable but some resistance levels were on the horizon and I wanted to bank some $$$. In the middle of setting stops my connection to the broker that had the 7 trades failed.\r\n\r\nWe have all been there. I was frantically trying to establish a connection via my backup and via my cellphone as well. Knowing that I only had a few minutes, stress levels were at RED alert. By the time I established a re-connection I placed protective stops on all trades as the GBP/USD was already starting to look top heavy. after I tweeted out the trades to PREMIUM SERVICE subscribers, the trades bounced up. I walked away to make coffee back 3 or 4 minutes later and all trades were being closed automatically except for the GBP/JPY, which took about another 10 minutes or so.\r\n\r\nWhy write this in the blog?\r\n<ul>\r\n	<li>The importance of setting stops whether to protect losses or profits is paramount to trading success.</li>\r\n	<li>Whilst it was a frantic 15-20 minutes in total. I had my routine, the order in which to logically go through problem solving and getting my connectivity to the broker(s) re-established. Everything is prioritized.</li>\r\n	<li>When the connection is re-established the only thing to do is protect your trades. Should you feel volatility is too high, make a decision to close trades or run the risk of the stops being used. If you set wider stops like I do, close trades and bank $$$ whenever and wherever you can. I trade to make $$$ not to give money to brokers.</li>\r\n</ul>\r\nTrading is about being as cute and smart as you can even in moments when you are out of control. I know that you can describe having a stop in play is being in control. I completely understand that point of view, but for me control means having the ability to adjust a trade in a second if the market moves me to do so.\r\n\r\nIn the end, I banked +326 pips on the Falkirk news…. I am grateful. It could have been more pips, it could have been fewer pips and of course it could have been a negative set of trades as they were all really working in unison. It is worth having an action plan in place to logically tackle these potential trading nightmares.\r\n\r\nPrior to the Scottish news there was the FOMC statement. After all the debate ahead of time Janet Yellen remained a “Dove”. I was surprised, but not surprised, her pre-amble statement of about 40-50 words always says along the lines of after everything is back to normal the FED will always have a loose supportive policy in place. The “Considerable Period of Time” line that attracts all the focus is maybe not the key that we all think that it is. Sure, it is a contributing factor but she is a “Dove” and I think that we note this.\r\n\r\nIn any event, Dove or Hawk, the USD strengthened like crazy after she walked off the stage…. it is what it is, the statement meant nothing really at the end of the day in my opinion.\r\n\r\nNow I think it’s all about applying focus back into my favourite economic area, …… the EUROZONE.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> THE PREMIUM SERVICE: –</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></p>\r\n&nbsp;\r\n\r\n2.1 OVERVIEW:\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> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nThe past week was a great trading week with the PREMIUM SERVICE. Lots more trades, very few losses and a consistent stream of $$$ hitting my brokers. I know that some of you follow either just RADAR trades or just follow FLASH trades. There was a great mixture over the past week so if you are selective you should have banked good $$$.\r\n\r\nIf you missed a few trades do not worry. The market is here for us 5 days a week. Whilst there was a fantastic profit % last week, this is not always the case. As I have stated many times, sometimes your best trades are the ones you miss. Trading Forex is all about longevity. There is a market everyday; you do NOT need to be in 10 trades a day, being selective and disciplined working within your goals and objectives within your TRADING PLAN is the only route for success and longevity.\r\n\r\nLooking forward let’s hope that the charts keep presenting great trading opportunities to exploit.\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nI completed the MONTREAL – INTRODUCTION TO FOREX presentations last weekend. Attendance was not as good as I had hoped but interest has continued after the event and I am looking to follow up with a one-off session at my home for interested parties.\r\n\r\nA local radio station that wants me to talk about Forex has been in touch; this should be fascinating if I am asked about chart patterns. If this progresses I will let you know.<strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\"><img class=\"aligncenter size-full wp-image-4381\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-20092014.png\" alt=\"PREM SERV PROFITS1 20092014\" width=\"454\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\"><img class=\"aligncenter size-full wp-image-4382\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-20092014.png\" alt=\"PREM SERV PROFITS2 20092014\" width=\"457\" height=\"421\" /></a>\r\n\r\nPLEASE NOTE:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed. 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.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND\r\nA BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?</strong></p>\r\n<strong>\r\n</strong>\r\n\r\nLast week I included in the blog a chart of the USD index (DXY).\r\n\r\nI include an updated version this week. The USD index is on the cusp of a major breakout. We are hitting against major resistance at 84.75-84.80. The trend line is an 8-year resistance line. If this breaks the USD has the chance to move up to just over 92.00. The ramifications of this move would place the EUR/USD at around 1.2000.\r\n\r\nThe (DXY – Weekly) chart below has the details.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014.png\"><img class=\"aligncenter size-large wp-image-4380\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/DXY-20092014-1024x531.png\" alt=\"DXY 20092014\" width=\"1024\" height=\"531\" /></a>\r\n\r\n&nbsp;\r\n\r\nShould the USD break out, I can imagine that the best way to describe the events would be the equivalent of dominoes falling over one after another like you see in the competitions that you can watch on You Tube.\r\n\r\nWhat are dominoes that I see falling?\r\n\r\nThese are not in what I believe the order will be, but, it is my assessment of what may happen. Plus: this can all happen very, very quickly.\r\n<ul>\r\n	<li>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.</li>\r\n	<li>EUR/USD: Slips through 1.2760 and heads for 1.2500.</li>\r\n	<li>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</li>\r\n	<li>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fuelling the USD/JPY move higher.</li>\r\n	<li>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</li>\r\n	<li>COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</li>\r\n	<li>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</li>\r\n	<li>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</li>\r\n	<li>COMMODITY PRICES: Start to come under pressure and fall.</li>\r\n	<li>THEVIX: This starts to trade at new highs.and…. then…. finally,</li>\r\n	<li>EQUITIES: They start to weaken and roll over which exacerbates the USD strength and forces the DXY higher towards 90.00. We already saw the Alibaba (BABA) IPO yesterday (Friday 19<sup>th</sup> September 2014) and the volatility on Wall Street was incredible. BABA moved from all-time highs to all-time lows and everything in between.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nDespite the biggest IPO in Wall Street history, the DOW, S&amp;P and Nasdaq all flirted with going negative.\r\n\r\nThe positive effect of the Scottish Vote was not felt in the cable and it was short lived as well on Wall Street.\r\n\r\nThe closing charts on the major indices do not look as if they are going to continue higher, in fact they look very toppy.\r\n\r\nNext week could see the dominoes being placed in position and maybe sooner rather than later. There will be some spectacular trading opportunities if this scenario plays out.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> TRADER TOPICS:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>TRADING OUTSIDE OF YOUR COMFORT ZONE</strong></p>\r\nIn all the articles that I have supplied to the TRADING ESSENTIALS area of the PREMIUM SERVICE support area, I have tried to emphasize RISK MANAGEMENT as being essential. When you compose your TRADING PLAN together with the TRADING DISCIPLINES, RISK TOLERANCES and MONEY MANAGEMENT principles that you have tested over time, these principles that you have developed are the base to make you a more consistent trader with longevity to trade in the Forex market.\r\n\r\nThese basics enable you to work on possible trading flaws and further determine what works for you and what doesn’t in your trades. This further adds weight to your trading being more consistent.\r\n\r\nAll of the above, whilst they are tried and tested can become boring after a period of time. You may want more just to test your abilities and resilience. As mentioned, once you are comfortable with a tried and tested strategy, you may consider trading outside of your comfort zone.\r\n\r\nI am not saying double or triple position sizes.\r\nI am not saying throw your TRADING PLAN out of the window.\r\n\r\nThis may not be typical of every trader, but I have been asked if trading is boring after a time what do I do? I have the blogs and twitter to keep me diversified.\r\n\r\nFor most traders, I am thinking along the lines of maybe looking at increasing your skills by maybe trying a different trading method. This would add to your knowledge of the industry and it may expose you to more opportunities and maybe more profit opportunities. If you do something that gives you increased knowledge it will add to your fulfillment, confidence and your emotional resilience as a trader. Neither of these are bad things at all.\r\n\r\nOn the negative side, stepping outside of your existing COMFORT ZONE does expose you to emotional stress, which can expose you to the possibility of making mistakes.\r\n\r\nHere are my thoughts on managing the emotional side of trying something new: -\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>MOVE SLOWLY:</li>\r\n</ol>\r\nDo NOT jump into something new like a bull in a china shop. Your change may be on certain types of entries: e.g. wedge or flag formations where you may increase your position size by say one lot. It may even be trading a new currency pair. Whatever it is, take it easy.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>TEST AS MUCH AS YOU CAN:</li>\r\n</ol>\r\nThe great thing about Forex trading is that you can demo account all thoughts and ideas. Test them; refine them before placing into a LIVE environment. This ensures less risk and the only investment that you require is your time.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>ALL SAID AND DONE… YOU CAN PUT IT DOWN TO EXPERIENCE:</li>\r\n</ol>\r\nLike many traders I have gone outside of my comfort zone. Sometimes the end result was good. For example, increasing my position sizes by two lots trading a bearish wedge breakout to the long side and moving my stops to break even on the 23.6% retracement of the downside move.\r\n\r\nThat was a great strategy but I have had failures.\r\n\r\nThey were all learning curves that add to experience.\r\n\r\n&nbsp;\r\n\r\nCONCLUSION:\r\n\r\nRemember, when you take on any new action, whether it is just testing a trading method or using a different way to analyze the market your ideas will be challenged. The key is try to have an open mind, as you may see things that you did not see before, new ideas may pop up and you will grow.\r\n\r\nGoing outside of your comfort zone is not easy. You may see success at first but as you know with how your TRADING PLAN is set up it can take a huge amount of repetition before it becomes fixed into your trading plan. The great thing is that trying new techniques keeps you open to change and the possibility of increased profits.<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY CURRENT LIVE TRADES:</strong></li>\r\n</ol>\r\n<strong>FLASH TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0900\r\nLimit at 1.1550\r\nPresent Price: 1.0968\r\nCurrent Profit / Loss Position: -232 pips\r\n(This trade is now hedged at a 125-pip loss<strong>)</strong><strong> </strong>\r\n\r\nRT156\r\nEUR/USD\r\nShort\r\nShort at 1.2880\r\nStop at 1.2980\r\nLimit at 1.2650\r\nPresent Price: 1 2828\r\nCurrent Profit / Loss Position: +52 pips\r\n\r\nRT157\r\nNZD/USD\r\nShort\r\nShort at 0.8120\r\nStop at 0.8250\r\nLimit at 0.7600\r\nPresent Price: 0.8110\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\nRT158\r\nAUD/USD\r\nShort\r\nShort at 0.8990\r\nStop at 0.9050\r\nLimit at 0.8600\r\nPresent Price: 0.8921\r\nCurrent Profit / Loss Position: +69 pips\r\n\r\nRT159\r\nUSD/CHF\r\nLong\r\nLong at 0.9350\r\nStop at 0.9290\r\nLimit at 0.9580\r\nPresent Price: 0.9406\r\nCurrent Profit / Loss Position: +56 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nNo LIVE trades at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> TRADES THAT ARE ON MY RADAR:</strong></li>\r\n</ol>\r\nThe following trades are limit orders that I will set with my brokers at the weekly open on 21<sup>st</sup> September 2014. They are NOT in place yet in case of any geopolitical news that may move the markets markedly out of position from the previous close.\r\n\r\n<strong>GBP/USD:</strong>\r\n\r\nFollowing the Scottish Referendum result the cable broke higher through the trend line resistance as you can see on the Daily Chart below. This was in fact a false breakout and cable was beaten down harshly back towards 1.6300. Crucial horizontal support lies at 1.6275.\r\n\r\nMy trade with this pair is to sell into strength and look for a possible move back towards 1.6000.\r\n\r\nAs always you have to careful with cable. There is still the likelihood that early next year there will be interest rate rises by the BOE.\r\n\r\nGBP/USD\r\nShort from 1.6350\r\nLimit 1.6420\r\nTarget 1.6000\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4374\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-DAILY-20092014-1024x491.png\" alt=\"GBPUSD DAILY  20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY:</strong>\r\n\r\nThis pair is in breakout territory after breaking free of the 106.00 level. While I think true support lies at 106.00 that is now some way away from the current levels of 109.00.\r\n\r\nThe charts are not really giving me much even as I go back to smaller minute charts. 108.60 is a horizontal support area.\r\n\r\nUSD/JPY\r\nLong from 108.60\r\nLimit 110.60\r\nStop Loss 108.00.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4373\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-WEEKLY-20092014-1024x491.png\" alt=\"USDJPY WEEKLY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/SEK</strong>\r\n\r\nI have been in and out of this pair over the past few months. This pair is moving higher and should we see USD strength come through the markets this is a pair that I would like to have active.\r\n\r\nUSD/SEK\r\nLong at 7.1000 (This is the breakout point hard to see on the chart)\r\nStop at 7.0500\r\nLimit 7.3650\r\n\r\n<strong> </strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014.png\"><img class=\"aligncenter size-large wp-image-4371\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDSEK-MONTHLY-20092014-1024x491.png\" alt=\"USDSEK MONTHLY 20092014\" width=\"1024\" height=\"491\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/NOK:</strong>\r\n\r\nThis pair was in a breakout out and pulled back nicely on Thursday last week that I missed. It stopped dead on the 61.8% retracement at 6.3318. This would be an excellent area to enter long with a stop at the 50% retracement of 6.2936 looking for a move back to the highs of 6.4550.\r\n\r\nUSD/NOK\r\nLong from 6.3320\r\nStop at 6.2900\r\nLimit at 6.4550\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014.png\"><img class=\"aligncenter size-large wp-image-4372\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDNOK-DAILY-20092014-1024x491.png\" alt=\"USDNOK DAILY 20092014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2828.</strong> It was a fascinating week for the single currency. I really thought we were going to test 1.3150 ahead of Yellen last Wednesday. Nomura came out with a 1.2700 prediction for the end of the week. The EUR/USD very nearly saw a 1.27 handle, it closed the week almost at the daily lows just above the Nomura prediction. This pair does look very bearish. If my “Domino” scenario plays out 1.2000 is not an unrealistic target. Can you imagine how pleased Italy, Spain, Portugal, Greece and Ireland would be if this happened. My levels to watch are support at 1.2760 and resistance at 1.2950. My bias is bearish.\r\n\r\n<strong>GBP/USD: Closing Price 1.6285</strong>. It was a bit of a roller-coaster week for the cable. It closed the week almost on critical horizontal support at 1.6275. A break below here opens up 1.6000 in my opinion. Resistance is at 1.6345 then 1.6420. My bias is bearish.\r\n\r\n<strong>AUD/USD: Closing Price 0.8921</strong>. The sell-off continues and another 100 pip weekly fall has been seen. We are now at the point where it will just have to drop to 0.8500 to satisfy everyone and then allow the bottom pickers to enter long. My issue is that I think that Glenn Stevens at the RBA has maybe around 0.8000 as the figure in mind. Should commodities sell off and a reversal in equities happens it would make 0.8000 more of a target than 0.8500. For now support is at 0.8880 and resistance at 0.9000. Mt bias is bearish.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.8110</strong>. At the end of another trading week not much of a difference in the weekly closing price. I think that the AUD/NZD cross-rate effect is in play. Support is at 0.8070 and resistance is good at 0.8220. My bias is bearish.\r\n\r\n<strong>USD/CAD: Closing Price 1.0960.</strong> The breakout that I was looking for last week has not materialized. This pair is a lead indicator and the signs were there but the move did not happen. I still believe that this pair is on the cusp of a huge break higher in my opinion. Once we broke 1.1000 the writing was on the wall and the fall in oil has contributed a bit as well. I am personally waiting for a pullback to re-enter long once again. I took a loss on a trade yesterday on the back of strong Canadian data. The range for me is support at 1.0900 and resistance at 1.1000. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9406</strong>. This pair has closed the week on key resistance. If the EUR/USD continues to struggle this will be good news for my long USD/CHF trade. We are playing out a head and shoulders pattern with the measured move being up to 0.9580. Immediate support is at 0.9350 and resistance now at 0.9450. My bias is bullish.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 109.01. </strong>There was a massive weakness in the JPY currency across the board this week. The question is just how far is the USD/JPY going to go. I think that 100.00 beckons and we may reach as high as 110.60. There is so much further that this pair can go higher, however, there is a Fibonacci resistance level (78.6%) at 112.70. The immediate levels with the USD/JPY are in roundish numbers support at 108.50 and resistance at 109.50. My bias is bullish.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"8\">\r\n	<li><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\nLONG:\r\n\r\nUSD/CHF\r\nUSD/JPY\r\nCAD/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nGBP/AUD\r\nGBP/CHF\r\nUSD/DKK\r\nUSD/SEK\r\n\r\n&nbsp;\r\n\r\nSHORT:\r\n\r\nEUR/USD\r\nAUD/USD\r\nNZD/USD\r\nAUD/CAD\r\nEUR/CAD\r\nEUR/CHF\r\nEUR/NOK\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"9\">\r\n	<li><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – Mario Draghi (ECB President) Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – German and French Flash Manufacturing PMi.\r\nTUESDAY: CAD – Core Retail Sales.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: EUR – German ifo Business Climate.\r\nWEDNESDAY: AUD – Glenn Stevens (RBA President) Speaks.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: N/A.<strong> </strong>\r\n\r\n<strong>\r\n10. FINAL THOUGHTS</strong>\r\n\r\nFrom a news event perspective it looks fairly light for the next week.\r\n\r\nMy feature article in the blog this week was about the strength of the USD. If my thoughts come to fruition there will be a lot of activity to consider coming up and it could be as early as next week.\r\n\r\nIf the “Dominos” start to fall over, the speed of the knock-on effect could be quite staggering. With this data at the front of my mind I will trade accordingly and keep my positions very manageable.\r\n\r\nAs I always say, no matter what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 20th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\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.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE USD INDEX (DXY) IS AT MULTI-YEAR HIGHS AND A BREAKOUT LOOMS, WHAT WILL BE THE EFFECTS?','','inherit','open','closed','','4384-revision-v1','','','2014-09-20 13:17:22','2014-09-20 18:17:22','',4384,'https://weeklyfxdrivethru.com/4384-revision-v1/',0,'revision','',0),