(4726,1,'2014-11-08 13:36:36','2014-11-08 18:36:36','<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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">The Stages of Loss in Forex</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','','','2014-11-08 13:36:36','2014-11-08 18:36:36','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4727,1,'2014-11-08 13:40:57','2014-11-08 18:40:57','','THE STAGES OF LOSS IN FOREX','','inherit','open','closed','','the-stages-of-loss-in-forex-2','','','2014-11-08 13:42:45','2014-11-08 18:42:45','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf',0,'attachment','application/pdf',0),(4731,1,'2014-11-10 08:23:22','2014-11-10 13:23:22','<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 10th November 2014\r\nREF: #122</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nOn Friday on the back of the mixed reviews to the NFP numbers, I placed four RADAR TRADES going long the USD. I was a little cautious with my stops given the mixed NFP reviews and reactions plus the fact that the USD did not respond the way that I thought it would have to the data released.\r\n\r\nEarlier this morning the USD index (DXY) fell to 87.22, which coincided with the EUR/USD being stopped out the AUD/USD had already stopped. I took small losses that do not concern me, as all trades were entry trades to place “some skin in the market”.\r\n\r\nLooking forward, I am now of the opinion that the recent USD move is going to halt for a while, work off some oversold conditions and enter a period of consolidation.\r\n\r\nWith the two remaining USD long trades, GBP/USD and NZD/USD, I am not going to alter anything at this point, I am not going to add to my position size, I am grateful that they are “skin in the market trades” as my feeling is that the USD may firm.\r\n\r\nLooking around the markets, I see U.S. equities are up, Oil is up and it looks a little “squeezy”, Copper is up and Gold is slightly lower, having rebounded on Friday from 4 ½ year lows but I did expect the Gold rally to continue.\r\n\r\nThere is not that much news about this week and we have various bank holidays for Remembrance Day.\r\n\r\nShould I enter / play new trades or adjust the existing ones I will tweet.\r\n\r\nFinally, as I know a few of you will write on this point. PLAN A is still my plan. It is delayed whilst we pass this consolidation / pullback period.\r\n\r\nI will be entering some additional radar trades later to try to take advantage of the USD consolidation move.\r\n\r\nFor example, I think that we may see a EUR/USD re-test at 1.2600. This area offers greater profit opportunities short. At the back of my mind, if I come across as a little hesitant today it because the USD/CHF when it broke through 0.9700 last week my thoughts were that it was on its way towards parity. It failed to hold above 0.9700 and now sits at 0.9630.\r\n\r\nIn addition the USD/JPY overnight lows at 113.85 look to hold one of the keys today. The U.S. equity futures are up yet the USD/JPY is lower. If this pair breaks blow the overnight lows this will affect the USD index and further support a USD (DXY) pullback.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nAUD: - NAB Business Confidence.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT205\r\nGBP/USD\r\nShort at 1.5870\r\nStop at 1.5940\r\nLimit at 1.5200\r\nPrice now 1.5895\r\nCurrent Profit / Loss Position -25 pips\r\n\r\nRT207\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7845\r\nLimit at 0.7000\r\nPrice now 0.7792\r\nCurrent Profit / Loss Position -32 pips\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2029\r\nCurrent Profit / Loss Position -11 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8344\r\nCurrent Profit / Loss Position -176 pips\r\n(This trade is hedged from -100 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\nThere are no limit order trades placed with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#122 - THE DAILY FX POST, Monday 10th November 2014','','publish','open','closed','','122-daily-fx-post-monday-10th-november-2014','','','2014-11-10 08:23:22','2014-11-10 13:23:22','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4731',0,'member_posts','',0),(4732,1,'2014-11-10 08:23:22','2014-11-10 13:23:22','<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 10th November 2014\r\nREF: #122</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nOn Friday on the back of the mixed reviews to the NFP numbers, I placed four RADAR TRADES going long the USD. I was a little cautious with my stops given the mixed NFP reviews and reactions plus the fact that the USD did not respond the way that I thought it would have to the data released.\r\n\r\nEarlier this morning the USD index (DXY) fell to 87.22, which coincided with the EUR/USD being stopped out the AUD/USD had already stopped. I took small losses that do not concern me, as all trades were entry trades to place “some skin in the market”.\r\n\r\nLooking forward, I am now of the opinion that the recent USD move is going to halt for a while, work off some oversold conditions and enter a period of consolidation.\r\n\r\nWith the two remaining USD long trades, GBP/USD and NZD/USD, I am not going to alter anything at this point, I am not going to add to my position size, I am grateful that they are “skin in the market trades” as my feeling is that the USD may firm.\r\n\r\nLooking around the markets, I see U.S. equities are up, Oil is up and it looks a little “squeezy”, Copper is up and Gold is slightly lower, having rebounded on Friday from 4 ½ year lows but I did expect the Gold rally to continue.\r\n\r\nThere is not that much news about this week and we have various bank holidays for Remembrance Day.\r\n\r\nShould I enter / play new trades or adjust the existing ones I will tweet.\r\n\r\nFinally, as I know a few of you will write on this point. PLAN A is still my plan. It is delayed whilst we pass this consolidation / pullback period.\r\n\r\nI will be entering some additional radar trades later to try to take advantage of the USD consolidation move.\r\n\r\nFor example, I think that we may see a EUR/USD re-test at 1.2600. This area offers greater profit opportunities short. At the back of my mind, if I come across as a little hesitant today it because the USD/CHF when it broke through 0.9700 last week my thoughts were that it was on its way towards parity. It failed to hold above 0.9700 and now sits at 0.9630.\r\n\r\nIn addition the USD/JPY overnight lows at 113.85 look to hold one of the keys today. The U.S. equity futures are up yet the USD/JPY is lower. If this pair breaks blow the overnight lows this will affect the USD index and further support a USD (DXY) pullback.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nAUD: - NAB Business Confidence.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT205\r\nGBP/USD\r\nShort at 1.5870\r\nStop at 1.5940\r\nLimit at 1.5200\r\nPrice now 1.5895\r\nCurrent Profit / Loss Position -25 pips\r\n\r\nRT207\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7845\r\nLimit at 0.7000\r\nPrice now 0.7792\r\nCurrent Profit / Loss Position -32 pips\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2029\r\nCurrent Profit / Loss Position -11 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8344\r\nCurrent Profit / Loss Position -176 pips\r\n(This trade is hedged from -100 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\nThere are no limit order trades placed with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#122 - THE DAILY FX POST, Monday 10th November 2014','','inherit','open','closed','','4731-revision-v1','','','2014-11-10 08:23:22','2014-11-10 13:23:22','',4731,'https://weeklyfxdrivethru.com/4731-revision-v1/',0,'revision','',0),(4733,1,'2014-11-11 08:36:54','2014-11-11 13:36:54','<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: Tuesday 11th November 2014\r\nREF: #123</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI had a few conversations yesterday with some of you about the movement on the USD $ index (DXY). One or two noticed a little hesitancy in my thoughts. I have great belief in GAP FILLS. There is a GAP FILL in the DXY (I apologize my chart won’t export…. I will try and post later) that needs filling and this requires a pullback.\r\n\r\nMy thoughts are as follows: -\r\n<ol>\r\n	<li>It just makes common sense to me that this GAP FILL needs to happen. It means from a trading perspective that the USD will consolidate to allow this. I mentioned this yesterday and I am still of this opinion.</li>\r\n	<li>Therefore trading with the USD should therefore be based around this move happening, whilst at the same time allowing for the day-to-day news events to happen and pass through.</li>\r\n	<li>I havetherefore a number of USD related trades based on aDXY pullback to 87.50 allowing the GAP FILL to happen.In my opinion, this should be a great place to buy the USD.</li>\r\n</ol>\r\nObviously, should the USD (DXY) breakout above the 88.10 level as indicated on the chart, the GAP FILL may be delayed!\r\n\r\nFor today, to confirm; I have listed several RADAR TRADES based off my DXY thoughts. These trades may not trigger for a few days whilst the DXY consolidates.\r\n\r\nThe RADAR TRADE that is an exception is the USD/JPY. I am now taking my fears of trading the JPY away, and looking to enter long at 115.50 previous resistance now support targeting 120.00.\r\n\r\nAny other trades that I suggest via TWITTER today will in my opinion be viewed as day trades.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nNZD: - RBNZ financial Stability Report &amp; Governor Wheeler speaks.\r\nGBP: - Unemployment Data (Claimant Count)\r\nGBP: - BOE Inflation Report &amp; Governor Carney speaks.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT207\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7845\r\nLimit at 0.7000\r\nPrice now 0.7758\r\nCurrent Profit / Loss Position +2 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2022\r\nCurrent Profit / Loss Position -18 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8364\r\nCurrent Profit / Loss Position -156 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT208\r\nEUR/USD\r\nShort\r\nShort from: 1.2485\r\nStop Loss at: 1.2540\r\nLimit at: 1.1860\r\n\r\nRT209\r\nUSD/CHF\r\nLong\r\nLong from: 0.9630\r\nStop Loss at: 0.9580\r\nLimit at: 0.9850\r\n\r\nRT210\r\nGBP/USD\r\nShort\r\nShort from: 1.6040\r\nStop Loss at: 1.6100\r\nLimit at: 1.5750\r\n\r\nRT211\r\nAUD/USD\r\nShort\r\nShort from: 0.8700\r\nStop Loss at: 0.8780\r\nLimit at: 0.8000\r\n\r\nRT212\r\nUSD/JPY\r\nLong\r\nLong from: 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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;','#123 - THE DAILY FX POST, Tuesday 11th November 2014','','publish','open','closed','','123-daily-fx-post-tuesday-11th-november-2014','','','2014-11-11 08:36:54','2014-11-11 13:36:54','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4733',0,'member_posts','',0);
INSERT INTO `vp_backup_wp_posts` VALUES (4734,1,'2014-11-11 08:36:24','2014-11-11 13:36:24','<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 11th November 2014\r\nREF: #123</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI had a few conversations yesterday with some of you about the movement on the USD $ index (DXY). One or two noticed a little hesitancy in my thoughts. I have great belief in GAP FILLS. There is a GAP FILL in the DXY (I apologize my chart won’t export…. I will try and post later) that needs filling and this requires a pullback.\r\n\r\nMy thoughts are as follows: -\r\n<ol>\r\n	<li>It just makes common sense to me that this GAP FILL needs to happen. It means from a trading perspective that the USD will consolidate to allow this. I mentioned this yesterday and I am still of this opinion.</li>\r\n	<li>Therefore trading with the USD should therefore be based around this move happening, whilst at the same time allowing for the day-to-day news events to happen and pass through.</li>\r\n	<li>I have therefore a number of USD related trades based on a DXY pullback to 87.50 allowing the GAP FILL to happen.\r\n\r\nIn my opinion, this should be a great place to buy the USD.</li>\r\n</ol>\r\nObviously, should the USD (DXY) breakout above the 88.10 level as indicated on the chart, the GAP FILL may be delayed!\r\n\r\nFor today, to confirm; I have listed several RADAR TRADES based off my DXY thoughts. These trades may not trigger for a few days whilst the DXY consolidates.\r\n\r\nThe RADAR TRADE that is an exception is the USD/JPY. I am now taking my fears of trading the JPY away, and looking to enter long at 115.50 previous resistance now support targeting 120.00.\r\n\r\nAny other trades that I suggest via TWITTER today will in my opinion be viewed as day trades.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nNZD: - RBNZ financial Stability Report &amp; Governor Wheeler speaks.\r\nGBP: - Unemployment Data (Claimant Count)\r\nGBP: - BOE Inflation Report &amp; Governor Carney speaks.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT207\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7845\r\nLimit at 0.7000\r\nPrice now 0.7758\r\nCurrent Profit / Loss Position +2 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2022\r\nCurrent Profit / Loss Position -18 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8364\r\nCurrent Profit / Loss Position -156 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT208\r\nEUR/USD\r\nShort\r\nShort from: 1.2485\r\nStop Loss at: 1.2540\r\nLimit at: 1.1860\r\n\r\nRT209\r\nUSD/CHF\r\nLong\r\nLong from: 0.9630\r\nStop Loss at: 0.9580\r\nLimit at: 0.9850\r\n\r\nRT210\r\nGBP/USD\r\nShort\r\nShort from: 1.6040\r\nStop Loss at: 1.6100\r\nLimit at: 1.5750\r\n\r\nRT211\r\nAUD/USD\r\nShort\r\nShort from: 0.8700\r\nStop Loss at: 0.8780\r\nLimit at: 0.8000\r\n\r\nRT212\r\nUSD/JPY\r\nLong\r\nLong from: 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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;','#123 - THE DAILY FX POST, Tuesday 11th November 2014','','inherit','open','closed','','4733-revision-v1','','','2014-11-11 08:36:24','2014-11-11 13:36:24','',4733,'https://weeklyfxdrivethru.com/4733-revision-v1/',0,'revision','',0),(4735,1,'2014-11-11 08:36:54','2014-11-11 13:36:54','<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: Tuesday 11th November 2014\r\nREF: #123</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI had a few conversations yesterday with some of you about the movement on the USD $ index (DXY). One or two noticed a little hesitancy in my thoughts. I have great belief in GAP FILLS. There is a GAP FILL in the DXY (I apologize my chart won’t export…. I will try and post later) that needs filling and this requires a pullback.\r\n\r\nMy thoughts are as follows: -\r\n<ol>\r\n	<li>It just makes common sense to me that this GAP FILL needs to happen. It means from a trading perspective that the USD will consolidate to allow this. I mentioned this yesterday and I am still of this opinion.</li>\r\n	<li>Therefore trading with the USD should therefore be based around this move happening, whilst at the same time allowing for the day-to-day news events to happen and pass through.</li>\r\n	<li>I havetherefore a number of USD related trades based on aDXY pullback to 87.50 allowing the GAP FILL to happen.In my opinion, this should be a great place to buy the USD.</li>\r\n</ol>\r\nObviously, should the USD (DXY) breakout above the 88.10 level as indicated on the chart, the GAP FILL may be delayed!\r\n\r\nFor today, to confirm; I have listed several RADAR TRADES based off my DXY thoughts. These trades may not trigger for a few days whilst the DXY consolidates.\r\n\r\nThe RADAR TRADE that is an exception is the USD/JPY. I am now taking my fears of trading the JPY away, and looking to enter long at 115.50 previous resistance now support targeting 120.00.\r\n\r\nAny other trades that I suggest via TWITTER today will in my opinion be viewed as day trades.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nNZD: - RBNZ financial Stability Report &amp; Governor Wheeler speaks.\r\nGBP: - Unemployment Data (Claimant Count)\r\nGBP: - BOE Inflation Report &amp; Governor Carney speaks.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT207\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7845\r\nLimit at 0.7000\r\nPrice now 0.7758\r\nCurrent Profit / Loss Position +2 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2022\r\nCurrent Profit / Loss Position -18 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8364\r\nCurrent Profit / Loss Position -156 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT208\r\nEUR/USD\r\nShort\r\nShort from: 1.2485\r\nStop Loss at: 1.2540\r\nLimit at: 1.1860\r\n\r\nRT209\r\nUSD/CHF\r\nLong\r\nLong from: 0.9630\r\nStop Loss at: 0.9580\r\nLimit at: 0.9850\r\n\r\nRT210\r\nGBP/USD\r\nShort\r\nShort from: 1.6040\r\nStop Loss at: 1.6100\r\nLimit at: 1.5750\r\n\r\nRT211\r\nAUD/USD\r\nShort\r\nShort from: 0.8700\r\nStop Loss at: 0.8780\r\nLimit at: 0.8000\r\n\r\nRT212\r\nUSD/JPY\r\nLong\r\nLong from: 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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;','#123 - THE DAILY FX POST, Tuesday 11th November 2014','','inherit','open','closed','','4733-revision-v1','','','2014-11-11 08:36:54','2014-11-11 13:36:54','',4733,'https://weeklyfxdrivethru.com/4733-revision-v1/',0,'revision','',0),(4737,1,'2014-11-12 07:31:11','2014-11-12 12:31:11','<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 12th November 2014\r\nREF: #124</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI have found out that my primary ISP is working just outside my location on line upgrades. This is the reason I have had basically and in and out Internet service for the past few weeks. The reason that I could not pin point the issue until now was because they are not working on my area 24x7. At least now I know why things sit and do not move for a minute or two sometimes.\r\n\r\nWe are range bound across most pairs. There is nothing wrong with range trading but some of the volatility within the ranges and the chop that I am seeing is making it very difficult at times. In particular, the moves in the JPY pairs are creating wild swings with the USD and commodity currencies are suffering with moves that upon initial examination are weird to look at. I went to bed last night looking at a lot of green on my charts and summaries and woke up early for the GBP news events at 0430 and 0530 EDT only to see seas of red.\r\n\r\nThis morning; I took quick profits on the EUR/USD (FT208) and USD/CHF (FT209) when they were available and since taking the trades off the table these pairs have pulled back once again.\r\n\r\nUntil we sort out what is happening with the USD (DXY), I think we are just going to chop. The USD (DXY) tested a 30 year trend line to the upside last week and was beaten back. I think that until we see USD bulls in control with regards to FX the chop continues and we consolidate.\r\n\r\nTrades will therefore be FLASH TRADES (“Smash and Grab”) until further notice unless something monumental drops on my desk that is too good to miss.\r\n\r\nThese will be similar to the GBP/USD (FT238) trade from earlier. I entered this trade for quick 25 pips took it and left. I know that two of you stayed the course. I entered at 1.5885 to exit at 1.5860 (+25 pips). I took the 25 and ran. It is now sub 1.5820. Good luck to those still trading this pair, manage your stops take some profits off the table as we approach 1.5810.\r\n\r\nLooking around, the DOW, S&amp;P and NASDAQ futures are all lower. Oil and Gold are lower, but copper is up. European Bourses (FTSE, DAX and CAC) are all down as well.\r\n\r\nI am away from my desk for a meeting in Montreal this morning, so I will stay light today on trades.\r\n\r\nI think that the USD strength will return and my overall PLAN A is till a green for go, but for now I will sideline myself apart from the existing LIVE trades.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nCNY: - Industrial Production.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8715\r\nCurrent Profit / Loss Position -15 pips\r\n\r\nRT212\r\nUSD/JPY\r\nLong at 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\nPrice Now: 115.34\r\nCurrent Profit / Loss Position -16 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2025\r\nCurrent Profit / Loss Position -15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8164\r\nCurrent Profit / Loss Position -356 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#124 - THE DAILY FX POST, Wednesday 12th November 2014','','inherit','open','closed','','4736-revision-v1','','','2014-11-12 07:31:11','2014-11-12 12:31:11','',4736,'https://weeklyfxdrivethru.com/4736-revision-v1/',0,'revision','',0),(4738,1,'2014-11-12 07:31:27','2014-11-12 12:31:27','<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 12th November 2014\r\nREF: #124</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI have found out that my primary ISP is working just outside my location on line upgrades. This is the reason I have had basically and in and out Internet service for the past few weeks. The reason that I could not pin point the issue until now was because they are not working on my area 24x7. At least now I know why things sit and do not move for a minute or two sometimes.\r\n\r\nWe are range bound across most pairs. There is nothing wrong with range trading but some of the volatility within the ranges and the chop that I am seeing is making it very difficult at times. In particular, the moves in the JPY pairs are creating wild swings with the USD and commodity currencies are suffering with moves that upon initial examination are weird to look at. I went to bed last night looking at a lot of green on my charts and summaries and woke up early for the GBP news events at 0430 and 0530 EDT only to see seas of red.\r\n\r\nThis morning; I took quick profits on the EUR/USD (FT208) and USD/CHF (FT209) when they were available and since taking the trades off the table these pairs have pulled back once again.\r\n\r\nUntil we sort out what is happening with the USD (DXY), I think we are just going to chop. The USD (DXY) tested a 30 year trend line to the upside last week and was beaten back. I think that until we see USD bulls in control with regards to FX the chop continues and we consolidate.\r\n\r\nTrades will therefore be FLASH TRADES (“Smash and Grab”) until further notice unless something monumental drops on my desk that is too good to miss.\r\n\r\nThese will be similar to the GBP/USD (FT238) trade from earlier. I entered this trade for quick 25 pips took it and left. I know that two of you stayed the course. I entered at 1.5885 to exit at 1.5860 (+25 pips). I took the 25 and ran. It is now sub 1.5820. Good luck to those still trading this pair, manage your stops take some profits off the table as we approach 1.5810.\r\n\r\nLooking around, the DOW, S&amp;P and NASDAQ futures are all lower. Oil and Gold are lower, but copper is up. European Bourses (FTSE, DAX and CAC) are all down as well.\r\n\r\nI am away from my desk for a meeting in Montreal this morning, so I will stay light today on trades.\r\n\r\nI think that the USD strength will return and my overall PLAN A is till a green for go, but for now I will sideline myself apart from the existing LIVE trades.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nCNY: - Industrial Production.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8715\r\nCurrent Profit / Loss Position -15 pips\r\n\r\nRT212\r\nUSD/JPY\r\nLong at 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\nPrice Now: 115.34\r\nCurrent Profit / Loss Position -16 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2025\r\nCurrent Profit / Loss Position -15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8164\r\nCurrent Profit / Loss Position -356 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#124 - THE DAILY FX POST, Wednesday 12th November 2014','','inherit','open','closed','','4736-revision-v1','','','2014-11-12 07:31:27','2014-11-12 12:31:27','',4736,'https://weeklyfxdrivethru.com/4736-revision-v1/',0,'revision','',0),(4739,1,'2014-11-13 08:16:40','2014-11-13 13:16:40','<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 13th November 2014\r\nREF: #125</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nComments from Christopher Kent the deputy RBA Governor created a little movement overnight with the AUD. He talked about direct intervention in the currency markets, in the sense that “Nothing was ruled out”. The caused the AUD/USD to fall but it bounced back and has now pushed higher towards 0.8760. It took the NZD/USD with it.\r\n\r\nIn addition, I think we had some cross-rate influences as well with the GBP/AUD and GBP/NZD falling below 1.8100 and 2.0000.\r\n\r\nThis is a key day for me. The USD (DXY) should move higher through 88.00 today. It is currently in a continuation pennant pattern, which would usually show an upside move.\r\n\r\nEquity markets in Europe and futures in the U.S. are all green…. Oil is lower, and Gold and Copper are higher.\r\n\r\nI am going to be careful today with the AUD and NZD trades. If equities stay strong, I will have to exit a lot of trades and re-enter again at higher levels. The positions are really small for me; they are less than 20% of my full position sizes that would usually be traded. Therefore, financially I am well within my RISK TOLERANCE and RISK MANAGEMENT limits.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Unemployment Claims.\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:\r\n</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8748\r\nCurrent Profit / Loss Position -48 pips\r\n\r\nRT212\r\nUSD/JPY\r\nLong at 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\nPrice Now: 115.55\r\nCurrent Profit / Loss Position +5 pips\r\n\r\nRT213\r\nNZD/USD\r\nShort at 0.7890\r\nStop at 0.7950\r\nLimit at 0.7000\r\nPrice now 0.7905\r\nCurrent Profit / Loss Position -15 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2016\r\nCurrent Profit / Loss Position -24 pips\r\n\r\nFT239\r\nEUR/USD\r\nShort at 1.2465\r\nStop at 1.2525\r\nLimit at 1.2100\r\nPrice now 1.2458\r\nCurrent Profit / Loss Position +7 pips\r\n\r\nFT240\r\nGBP/USD\r\nShort at 1.5761\r\nStop at 1.5820\r\nLimit at 1.5450\r\nPrice now 1.5743\r\nCurrent Profit / Loss Position +18 pips\r\n\r\nFT241\r\nAUD/USD\r\nShort at 0.8750\r\nStop at 0.8820\r\nLimit at 0.8500\r\nPrice now 0.8748\r\nCurrent Profit / Loss Position +2 pips\r\n\r\nFT242\r\nNZD/USD\r\nShort at 0.7920\r\nStop at 0.7960\r\nLimit at 0.7400\r\nPrice now 0.7905\r\nCurrent Profit / Loss Position +15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.7950\r\nCurrent Profit / Loss Position -570 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#125 - THE DAILY FX POST, Thursday 13th November 2014','','publish','open','closed','','4739-2','','','2014-11-13 08:17:26','2014-11-13 13:17:26','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4739',0,'member_posts','',0),(4740,1,'2014-11-13 08:16:40','2014-11-13 13:16:40','<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 13th November 2014\r\nREF: #125</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nComments from Christopher Kent the deputy RBA Governor created a little movement overnight with the AUD. He talked about direct intervention in the currency markets, in the sense that “Nothing was ruled out”. The caused the AUD/USD to fall but it bounced back and has now pushed higher towards 0.8760. It took the NZD/USD with it.\r\n\r\nIn addition, I think we had some cross-rate influences as well with the GBP/AUD and GBP/NZD falling below 1.8100 and 2.0000.\r\n\r\nThis is a key day for me. The USD (DXY) should move higher through 88.00 today. It is currently in a continuation pennant pattern, which would usually show an upside move.\r\n\r\nEquity markets in Europe and futures in the U.S. are all green…. Oil is lower, and Gold and Copper are higher.\r\n\r\nI am going to be careful today with the AUD and NZD trades. If equities stay strong, I will have to exit a lot of trades and re-enter again at higher levels. The positions are really small for me; they are less than 20% of my full position sizes that would usually be traded. Therefore, financially I am well within my RISK TOLERANCE and RISK MANAGEMENT limits.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Unemployment Claims.\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:\r\n</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8748\r\nCurrent Profit / Loss Position -48 pips\r\n\r\nRT212\r\nUSD/JPY\r\nLong at 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\nPrice Now: 115.55\r\nCurrent Profit / Loss Position +5 pips\r\n\r\nRT213\r\nNZD/USD\r\nShort at 0.7890\r\nStop at 0.7950\r\nLimit at 0.7000\r\nPrice now 0.7905\r\nCurrent Profit / Loss Position -15 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2016\r\nCurrent Profit / Loss Position -24 pips\r\n\r\nFT239\r\nEUR/USD\r\nShort at 1.2465\r\nStop at 1.2525\r\nLimit at 1.2100\r\nPrice now 1.2458\r\nCurrent Profit / Loss Position +7 pips\r\n\r\nFT240\r\nGBP/USD\r\nShort at 1.5761\r\nStop at 1.5820\r\nLimit at 1.5450\r\nPrice now 1.5743\r\nCurrent Profit / Loss Position +18 pips\r\n\r\nFT241\r\nAUD/USD\r\nShort at 0.8750\r\nStop at 0.8820\r\nLimit at 0.8500\r\nPrice now 0.8748\r\nCurrent Profit / Loss Position +2 pips\r\n\r\nFT242\r\nNZD/USD\r\nShort at 0.7920\r\nStop at 0.7960\r\nLimit at 0.7400\r\nPrice now 0.7905\r\nCurrent Profit / Loss Position +15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.7950\r\nCurrent Profit / Loss Position -570 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','','','inherit','open','closed','','4739-revision-v1','','','2014-11-13 08:16:40','2014-11-13 13:16:40','',4739,'https://weeklyfxdrivethru.com/4739-revision-v1/',0,'revision','',0),(4741,1,'2014-11-13 08:17:26','2014-11-13 13:17:26','<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 13th November 2014\r\nREF: #125</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nComments from Christopher Kent the deputy RBA Governor created a little movement overnight with the AUD. He talked about direct intervention in the currency markets, in the sense that “Nothing was ruled out”. The caused the AUD/USD to fall but it bounced back and has now pushed higher towards 0.8760. It took the NZD/USD with it.\r\n\r\nIn addition, I think we had some cross-rate influences as well with the GBP/AUD and GBP/NZD falling below 1.8100 and 2.0000.\r\n\r\nThis is a key day for me. The USD (DXY) should move higher through 88.00 today. It is currently in a continuation pennant pattern, which would usually show an upside move.\r\n\r\nEquity markets in Europe and futures in the U.S. are all green…. Oil is lower, and Gold and Copper are higher.\r\n\r\nI am going to be careful today with the AUD and NZD trades. If equities stay strong, I will have to exit a lot of trades and re-enter again at higher levels. The positions are really small for me; they are less than 20% of my full position sizes that would usually be traded. Therefore, financially I am well within my RISK TOLERANCE and RISK MANAGEMENT limits.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Unemployment Claims.\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:\r\n</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8748\r\nCurrent Profit / Loss Position -48 pips\r\n\r\nRT212\r\nUSD/JPY\r\nLong at 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\nPrice Now: 115.55\r\nCurrent Profit / Loss Position +5 pips\r\n\r\nRT213\r\nNZD/USD\r\nShort at 0.7890\r\nStop at 0.7950\r\nLimit at 0.7000\r\nPrice now 0.7905\r\nCurrent Profit / Loss Position -15 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2016\r\nCurrent Profit / Loss Position -24 pips\r\n\r\nFT239\r\nEUR/USD\r\nShort at 1.2465\r\nStop at 1.2525\r\nLimit at 1.2100\r\nPrice now 1.2458\r\nCurrent Profit / Loss Position +7 pips\r\n\r\nFT240\r\nGBP/USD\r\nShort at 1.5761\r\nStop at 1.5820\r\nLimit at 1.5450\r\nPrice now 1.5743\r\nCurrent Profit / Loss Position +18 pips\r\n\r\nFT241\r\nAUD/USD\r\nShort at 0.8750\r\nStop at 0.8820\r\nLimit at 0.8500\r\nPrice now 0.8748\r\nCurrent Profit / Loss Position +2 pips\r\n\r\nFT242\r\nNZD/USD\r\nShort at 0.7920\r\nStop at 0.7960\r\nLimit at 0.7400\r\nPrice now 0.7905\r\nCurrent Profit / Loss Position +15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.7950\r\nCurrent Profit / Loss Position -570 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#125 - THE DAILY FX POST, Thursday 13th November 2014','','inherit','open','closed','','4739-revision-v1','','','2014-11-13 08:17:26','2014-11-13 13:17:26','',4739,'https://weeklyfxdrivethru.com/4739-revision-v1/',0,'revision','',0),(4742,1,'2014-11-14 08:24:19','2014-11-14 13:24:19','<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 14th November 2014\r\nREF: #126</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD broke out of the wedge pattern tweeted yesterday. It happened in last night’s Asian session. Good U.S. Retail sales data later this morning should see the upward move cemented.\r\n\r\nThe USD/JPY is all highs once again and it looks like it’s on its way too at least 120.00. I keep looking at the JPY pairs asking myself, why am I not long? Other than a day trade scalp, I have been looking for a decent pullback to enter long; the problem is it is just giving up its relentless push higher. It only seems a few weeks ago that the USD/JPY was trading at 105.00\r\n\r\nIn the DRIVE THRU blog this weekend, I am going to take a look at longer term charts again, given that USD (DXY) is now breaking out to the long side. Whilst I may be a little early doing this, at least we will be set up as the break is confirmed.\r\n\r\nIt is a Friday, so I will be not be adding longer term trades today, I will just be scalping on my own.\r\n\r\nAsian markets were in the main up; U.S. equities are in the green, Europe a little mixed following no major disaster after the GDP release. Oil and Copper marginally green but Gold is at the lows of the day. This in itself will be USD positive.\r\n\r\nI am not expecting fireworks today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Retail Sales\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8677\r\nCurrent Profit / Loss Position +23 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2012\r\nCurrent Profit / Loss Position -28 pips\r\n\r\nFT239\r\nEUR/USD\r\nShort at 1.2465\r\nStop at 1.2525\r\nLimit at 1.2100\r\nPrice now 1.2435\r\nCurrent Profit / Loss Position +30 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8036\r\nCurrent Profit / Loss Position -484 pips\r\n(This trade is hedged from -100 pips)\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#126 - THE DAILY FX POST, Friday 14th November 2014','','publish','open','closed','','126-daily-fx-post-friday-14th-november-2014','','','2014-11-14 08:24:19','2014-11-14 13:24:19','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4742',0,'member_posts','',0),(4743,1,'2014-11-14 08:24:08','2014-11-14 13:24:08','<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 14th November 2014\r\nREF: #126</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD broke out of the wedge pattern tweeted yesterday. It happened in last night’s Asian session. Good U.S. Retail sales data later this morning should see the upward move cemented.\r\n\r\nThe USD/JPY is all highs once again and it looks like it’s on its way too at least 120.00. I keep looking at the JPY pairs asking myself, why am I not long? Other than a day trade scalp, I have been looking for a decent pullback to enter long; the problem is it is just giving up its relentless push higher. It only seems a few weeks ago that the USD/JPY was trading at 105.00\r\n\r\nIn the DRIVE THRU blog this weekend, I am going to take a look at longer term charts again, given that USD (DXY) is now breaking out to the long side. Whilst I may be a little early doing this, at least we will be set up as the break is confirmed.\r\n\r\nIt is a Friday, so I will be not be adding longer term trades today, I will just be scalping on my own.\r\n\r\nAsian markets were in the main up; U.S. equities are in the green, Europe a little mixed following no major disaster after the GDP release. Oil and Copper marginally green but Gold is at the lows of the day. This in itself will be USD positive.\r\n\r\nI am not expecting fireworks today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Retail Sales\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8677\r\nCurrent Profit / Loss Position +23 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2012\r\nCurrent Profit / Loss Position -28 pips\r\n\r\nFT239\r\nEUR/USD\r\nShort at 1.2465\r\nStop at 1.2525\r\nLimit at 1.2100\r\nPrice now 1.2435\r\nCurrent Profit / Loss Position +30 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8036\r\nCurrent Profit / Loss Position -484 pips\r\n(This trade is hedged from -100 pips)\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#126 - THE DAILY FX POST, Friday 14th November 2014','','inherit','open','closed','','4742-revision-v1','','','2014-11-14 08:24:08','2014-11-14 13:24:08','',4742,'https://weeklyfxdrivethru.com/4742-revision-v1/',0,'revision','',0),(4744,1,'2014-11-14 08:24:19','2014-11-14 13:24:19','<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 14th November 2014\r\nREF: #126</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD broke out of the wedge pattern tweeted yesterday. It happened in last night’s Asian session. Good U.S. Retail sales data later this morning should see the upward move cemented.\r\n\r\nThe USD/JPY is all highs once again and it looks like it’s on its way too at least 120.00. I keep looking at the JPY pairs asking myself, why am I not long? Other than a day trade scalp, I have been looking for a decent pullback to enter long; the problem is it is just giving up its relentless push higher. It only seems a few weeks ago that the USD/JPY was trading at 105.00\r\n\r\nIn the DRIVE THRU blog this weekend, I am going to take a look at longer term charts again, given that USD (DXY) is now breaking out to the long side. Whilst I may be a little early doing this, at least we will be set up as the break is confirmed.\r\n\r\nIt is a Friday, so I will be not be adding longer term trades today, I will just be scalping on my own.\r\n\r\nAsian markets were in the main up; U.S. equities are in the green, Europe a little mixed following no major disaster after the GDP release. Oil and Copper marginally green but Gold is at the lows of the day. This in itself will be USD positive.\r\n\r\nI am not expecting fireworks today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Retail Sales\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8677\r\nCurrent Profit / Loss Position +23 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2012\r\nCurrent Profit / Loss Position -28 pips\r\n\r\nFT239\r\nEUR/USD\r\nShort at 1.2465\r\nStop at 1.2525\r\nLimit at 1.2100\r\nPrice now 1.2435\r\nCurrent Profit / Loss Position +30 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8036\r\nCurrent Profit / Loss Position -484 pips\r\n(This trade is hedged from -100 pips)\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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<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.','#126 - THE DAILY FX POST, Friday 14th November 2014','','inherit','open','closed','','4742-revision-v1','','','2014-11-14 08:24:19','2014-11-14 13:24:19','',4742,'https://weeklyfxdrivethru.com/4742-revision-v1/',0,'revision','',0),(4767,1,'2014-11-15 12:18:37','2014-11-15 17:18:37','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#38 – THE PREMIUM SERVICE BLOG</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>\r\nTHE WEEKLY FX DRIVE THRU\r\n(FULL VERSION)</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>15.11.2014</strong></span></p>\r\n<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThank goodness last week is now finished, completed and put to bed. I personally found it a very difficult week, but, I am not too sure why?\r\n\r\nI knew, and blogged in the DAILY FX POST on a couple of occasions, and, tweeted several times about the US dollar index (DXY) being in a consolidation mode working off some USD overbought conditions… and not to expect a USD continuation of the recent move, in fact, that we would consolidate if not pullback.\r\n\r\nBeing honest, I think that I was trying to force trades, pick tops and pick bottoms on most occasions, struggling to find the best price, then hurriedly exiting trades with small pip gains. Basically, I fell foul of the disciplines in trading that I hold and value. I have severely beaten myself over the head about this and it will not happen again!!\r\n\r\nI added some profits to my account, in fact on Friday (yesterday), I added some great scalping trade profits to my broker accounts. Despite a little bit of personal negativity, the PREMIUM SERVICE performance rose again, albeit very modestly based off recent weeks. The way I look at it… a gain is a gain. So, in spite of a lack of trading discipline I still added funds to my broker account balances.\r\n\r\nThe big news item last week was the USD breakout rejection on Friday. A classic failure, which, I strongly suspect, would have created many losses for institutional and private traders. The USD squeeze was strong and almost instant and it was across the board.\r\n\r\nThe U.S. retail sale numbers were great, plus there were good consumer sentiment numbers. Gold spiked off lows of the day and that was it, the USD was taken to woodshed. The EUR/USD squeezed from 1.2400 to 1.2540, 140 pips in a very short time frame.\r\n\r\nThe result was, nice scalping $$$ for me, and a substantial move in most pairs, in fact many pairs that were over-sold are probably going to look over-bought soon. There should be some great trading opportunities after the dust settles. We will have some nice opportunities with the cross-rates soon and for the PREMIUM SERVICE subscribers these pairs, plus many others with set-ups and their charts are in section 4 later in this blog.\r\n\r\nOne pair that I have not traded recently (in fact, for quite a long, long time) is the USD/JPY. I have only really tackled this pair as a scalping 15-30 pip trade along with the other JPY pairs. It seems only a week or so ago, in fact it was…. That the USD/JPY was trading at 105.00. Blink, we are now at 116.00. I will be trying to place some “skin” in the market on JPY pairs next week.\r\n\r\nA couple of PREMIUM SERVICE subscribers have asked me why I am running scared of the JPY.\r\n\r\nAbout four years ago, I was caught across a multiple JPY trade that went off in the wrong direction. I had one trade to complete with a stop and limit, when at the same moment as trying to place this my Internet connection failed. If I recall correctly 3 trades ran down to stops, which by itself was quite a big loss, but the 4<sup>th</sup> that I was unable to load a stop into ran, ran and ran… need I say more.\r\n\r\nI now automatically enter trades with a pre-determined stop and limit built in, that I adjust as soon as I can. This is why RISK TOLERANCES, RISK MANAGEMENT, POSITION SIZING, TRADE PLANS etc.; are all so important to me and why the EDUCATION section of the PREMIUM SERVICE website continues to grow. The more articles that I can place there with relevant experiences the better. PLACING STOPS needs to be instant and is crucial to trading success and longevity.\r\n\r\nTherefore, this is why I am a reluctant JPY trader.\r\n\r\nLooking forward; my fundamental trading ideas moving forward are still intact. I still have my “<strong>PLAN A”</strong> on the table. It is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.\r\n\r\nI am just conscious of the fact that the squeeze lower in the DXY may have legs that could take currencies well out of the current trading ranges.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE:  </span></strong>&nbsp;</li>\r\n</ol>\r\n<strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">\r\n2.2 TRADING ACTIVITY:</span>\r\n\r\nThe past week, even by my own standards was a quiet PREMIUM SERVICE trading week. I had indicated that it would be slower, as the USD took a breath and consolidated its recent trend line breaking moves.\r\n\r\nI believe that I was guilty of maybe trying to force a few trades, however, profits were still added to the PREMIUM SERVICE and I took trades off the table in line with my beliefs.\r\n\r\nA typical example of this was on Friday (yesterday) after great Retail Sales numbers from the U.S. the USD strengthened. After initial strength the DXY stalled. This tells me something is NOT correct so I advised PREMIUM SERVICE subscribers what I was going to do. I tweeted about it and I took USD longs off the table 1 hour before we saw a failed USD breakout.\r\n\r\nI am a cautious trader. The PREMIUM SERVICE will make money, you just have to be patient and pick the correct trades at the right time.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 28\r\n\r\nPROFITABLE TRADES                   = 23 (82% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 5 (18% failed trades)\r\n\r\nI am very comfortable with my trade ratios.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots would have traded 462 trades at a cost of $46.20 and earned from those trades $1,002.30. (This exampleis based on single lot trades)If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $138.60 ($46.20 x 3) and from those trades you would have earned $3,006.90 ($1002,30 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots would have traded 462 trades at a cost of $462.00 and earned from those trades $10,023.00. (This exampleis based on single lot trades)If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,386.00 ($462.00 x 3) and from those trades you would have earned $30,06.90 ($10,023.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots would have traded 462 trades at a cost of $4,620.00 and earned from those trades $100,240.00. (This exampleis based on single lot trades)If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $13,860.00 ($4,620.00 x 3) and from those trades you would have earned $300,720.00 ($100,240.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANAGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS:</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.6 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\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/2014/11/PREM-SERVICE-PROFITS1-15112014.png\"><img class=\"aligncenter size-full wp-image-4745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-15112014.png\" alt=\"PREM SERVICE PROFITS1 15112014\" width=\"450\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\"><img class=\"aligncenter size-full wp-image-4746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\" alt=\"PREM SERVICE PROFITS 2 15112014\" width=\"462\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></p>\r\n<p style=\"text-align: center;\"><strong> IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?</strong></p>\r\nI was going to write this week about the USD index and how important the recent trend line break above the 29-year trend line was. This trend line had held the USD (DXY) back from breaking out a couple of weeks ago, and now that it has been broken, I wanted to look at and document from my perspective what the ramifications would be on the markets given this move.\r\n\r\nYesterday (Friday) we had a false breakout. Therefore, my article can be held / kept in suspended animation so to speak for a week or maybe two.\r\n\r\nTherefore, I have decided to turn my focus towards Central Banks divergent policies and the fundamental effect that these divergences are having not just in the Forex market but also the ramifications for the broader markets as well.\r\n\r\nSo, is Central bank divergence good or bad for the Forex market?\r\n\r\nIn a one-word answer I believe the answer is <strong>YES</strong>. I do think that for the Forex market benefits from divergence between central banks. The reason for a definitive yes is because it gives us a direction in which we know that the market is supported by the central bank regulator.\r\n\r\nLooking at just the major central banks that are related to the USD major currency pairs: - FED, ECB, BOJ and BOE.\r\n\r\nI think that most people would agree that the financial crash of 2007-8 was a game changer for the financial markets. For the first time ever, the chain of events because of the inter-connectivity of markets was to witness a catastrophic, almost instantaneous reaction across all the continents.\r\n\r\nThe reaction of the Central banks when trying to pick up the pieces to calm the markets and create stability and credibility was different\r\n\r\nThe FED, BOJ and BOE adopted basically a bond-buying programme to essentially keep liquidity flowing along with the printing presses churning out local currency like no-ones business. You may recall “Helicopter Ben” the pictures of Bernanke dropping wads of cash over Wall Street and Chicago. This was called QE (Quantitative Easing).\r\n\r\nThe BOE called it its Asset Purchase Facility. The BOJ are currently in a QE programme that dwarfs the FED programme that has just completed.\r\n\r\nBy contrast the ECB went down a different route to create growth, stability in the financial markets. The ECB used Austerity, which basically increased taxes, reduced public services and controlled markets by fiscal means through local EUROZONE governments supported by the ECB.\r\n\r\nFor six years, we basically knew that the FED in the U.S would support the equity markets. For six years we had a bull market… it is still grinding higher now, albeit more restrained following the completion of QE last month.\r\n\r\nBoth the FED and BOE now have economies that are moving out of the doldrums. The FED has stopped QE and the BOE is probably going to wait until after the Fed raises interest rates next year before copying.\r\n\r\nThe BOJ is still easing, and in fact, is adding to its QE programme. I see no reason why the USD/JPY should not reach 120.00 or even beyond towards 124.00. (CHARTS LATER FOR PREMIUM SERVICE subscribers).\r\n\r\nThe ECB failed with Austerity. It may have created stability in the financial markets, but the cost has been zero consumer confidence and lack of economic growth in the EUROZONE, never mind the depression caused across the EUROZONE due to high taxation. In fact it’s so bad that there is DEFLATION in the EUROZONE. Now the ECB is under tremendous pressure from the markets to tackle the lack of growth, DEFLATION and high unemployment, to name but three things.\r\n\r\nSix years on the FED and BOE are removing liquidity and the BOJ and ECB are easing more. This is pure and simple central bank divergence.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThe FED is the biggest player in the financial markets by far. Fundamentally, this has to be at the back of your mind when placing trades. I will be giving my spin on limits later in the blog.\r\n\r\nWe must also bear in mind that Central Banks are like huge oil tankers, to stop and change direction takes time and distance. Central Bank monetary policies are usually in place within 2-3 year plans. This gives the markets directional guidance and stability. Uncertainty is the markets worst enemy along with FEAR and GREED. Therefore, when you examine central bank policy releases, they tend to use the same language and same timelines when discussing policy.\r\n\r\nThe simplest trades in play right now given central bank monetary policy are: - long the USD and short the JPY.\r\n\r\nBreaking it down even further.\r\n\r\nThe FED is about to raise rates, whilst the ECB is easing and about to ease some more.\r\n\r\nTherefore, the trade is short EUR/USD.\r\n\r\nThe FED is about to raise rates and the BOJ is adding even more asset purchases to its current QE programme.\r\n\r\nTherefore the trade would be long USD/JPY.\r\n\r\nIt is sometimes said that if you entered the two trades above today, switched off your computer and went back and looked again in 6 months time you should be smiling. I am not stating this is what you should do but if the central banks named (FED, BOJ and ECB) want to achieve their goals on monetary policy these trades should work and be profitable.\r\n\r\nEven with billions of local currencies involved to support and direct markets we know currencies do not move in a straight line, as we have seen over the past six years when the FED had QE in operation.\r\n\r\nWhat central bank divergence gives us as traders is basically a direction that the central bank wants to move in. From this viewpoint alone, it gives us a trading edge and every piece of the jigsaw that we have should be welcomed with open arms.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n\r\n<strong>ARE YOU A GREEDY FOREX TRADER?</strong>\r\n\r\n&nbsp;\r\n\r\nSeveral traders and their accounts have suffered because of greed. In fact, this is how the saying “Bulls and Bears make money; “Hogs get slaughtered” came about. No other animal embodies greed better than a hog and in the trading business; the markets show no mercy to hogs.\r\n\r\nThe Webster dictionary definition of greed is “a selfish and excessive desire for more of something (such as money) than is needed.” Sound familiar?\r\n\r\nLet’s face it, it is our desire as traders to acquire handsome returns that drives us to trade, but this desire becomes unhealthy – even dangerous – when it is EXCESSIVE!\r\n\r\nThis is why greed is often considered the most dangerous emotion for traders; even worse than fear. Fear can paralyze you and keep you from trading, but your capital is preserved for as long as you keep your hands in your pockets. On the other hand, greed PUSHES you to act, in ways and at times when you shouldn\'t; that’s why it is dangerous.\r\n\r\nIn particular, greed can prompt you to act irrationally. For traders, this usually comes in the form of over leveraging, overtrading, chasing the markets, or holding on to trades you know you should have exited long ago.\r\n\r\nWhen you think about it, greed is not that different from alcohol; it can make you act foolishly when you have too much of it in your system. When it comes to a point that greed clouds your trading judgment, you are particularly drunk with it.\r\n\r\nLike many other worthy endeavors, overcoming greed requires a lot of effort and discipline. It isn’t easy but it can be done. It’s all a matter of taming your ego.\r\n\r\nYou will have to admit and accept that you won’t make the right call every time. There will be instances when you won’t catch the market’s full move, or times when you miss a nice setup altogether, but that’s just how trading goes. When you accept that the market is bigger than you, and that you are bound to make mistakes, then you will be more focused on following your trading plans instead of succumbing to greed.\r\n\r\nDon’t be a hog and you won’t get slaughtered.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nI have no live RADAR TRADES in play at this time.<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2012\r\nCurrent Profit / Loss Position: -28 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong\r\nCost Average: 1.8520\r\nStop Loss at: 1.8150\r\nLimit At 1.9200\r\nClosing Price: 1.7885\r\nCurrent Profit / Loss Position: -635 pips\r\n<strong>(This trade is hedged from -100 pips)</strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nFollowing yesterdays move in the USD, the trades on my RADAR may not have altered but the entry levels are definitely different than those I thought that I would have been looking at.\r\n\r\nI am so conscious that some of the pairs look extremely bullish as if they are about to take on a further squeeze. With this mind, I have my thoughts on paper per currency pair, but please be patient as on Monday / Tuesday next week, we may reverse direction just as suddenly again.\r\n\r\nThere are no specific trades here, as frankly I am not certain at this stage what to do until the markets open on Sunday night and we have seen a few hours of trading.\r\n\r\nPlease bear this in mind the USD (DXY) may bite back. The DXY chart below shows you the extent of the move on Friday morning.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-FAILURE-15112014.png\"><img class=\"aligncenter size-large wp-image-4751\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-FAILURE-15112014-1024x551.png\" alt=\"DXY FAILURE 15112014\" width=\"1024\" height=\"551\" /></a>\r\n\r\n&nbsp;\r\n\r\nI am only live in two trades at the moment and therefore, this section will be longer than usual.\r\n\r\n&nbsp;\r\n\r\nEUR/USD:\r\n\r\nFrom the chart below, I am thinking that we look like we are about to test 1.2600 (1.2575). My fears are that we may squeeze again up to 1.2710.\r\n\r\nWhen you look at the latest green candlestick moves they were very powerful reversals. It makes you think that maybe more upside is on the horizon.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURUSD-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4762\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURUSD-4-HOUR-15112014-1024x470.png\" alt=\"EURUSD 4 HOUR 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\nThis pair is hard to read. Following Carney’s Inflation report hearing to the House of Commons select committee last week the pair has been trading very heavy indeed. It actually fell through 1.5600 just before the USD squeeze.\r\n\r\nMy thoughts are that maybe because it is over sold and the market is very heavily short we could squeeze to the 61.8% retracement of 1.5800. Alternatively, the 50% retracement of 1.5765 may hold up the pair and act as resistance to a further upside move.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPUSD-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4758\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPUSD-4-HOUR-15112014-1024x470.png\" alt=\"GBPUSD 4 HOUR 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\nThe chart below shows a bearish flag formation that should have taken this pair to 0.8000. The USD reversal yesterday has invalidated this chart pattern as the trend line that is also on the chart looks to be broken. 0.8750 is the key line in the sand. We will have to allow for Asian and European trading next Monday to confirm this trend line break or not.\r\n\r\nAbove 0.8750, I think we could see a continued spike / move higher towards 0.9000. This is really hard to read so soon after the break higher. In my mind if 0.8750 holds it is a different story completely than if it breaks.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/AUDUSD-DAILY-CHART-15112014.png\"><img class=\"aligncenter size-large wp-image-4766\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/AUDUSD-DAILY-CHART-15112014-1024x470.png\" alt=\"AUDUSD DAILY CHART 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\nNZD/USD:\r\n\r\nWhen you look at this chart the trending moves have been to the downside. In the very recent weeks we have been consolidating between 0.7700 and 0.8000. I think if the USD pullback continues 0.8000 is the obvious target. Above 0.8000 there will no doubt be calls for the RBNZ to start intervening directly in the Forex markets once again to weaken the pair. Last time we saw this was at 0.8800. I am certain that the RBNZ will want to spend their cash reserves wisely so I cannot see them directly intervening until around 0.8400 at the earliest.\r\n\r\nLike the AUD/USD, I think that 0.7930-50 will be a key area to check on to see if there will be a continuation of the squeeze or not.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/NZDUSD-WEEKLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4757\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/NZDUSD-WEEKLY-15112014-1024x470.png\" alt=\"NZDUSD WEEKLY 15112014\" width=\"1024\" height=\"470\" /></a><strong> </strong>\r\n\r\nUSD/CAD:\r\n\r\nI am looking at a pullback to 1.1200 (76.8% Fibonacci level), as the potential area to look at entering long with this pair. My issue is that when / if we break the Support trend line the move will accelerate. There are so many variables with potential moves that may happen.\r\n\r\nOf all the USD major pairs this one has been the under-performer on moves. It is probably the USD pair that I am least interested in.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCAD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4756\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCAD-DAILY-15112014-1024x470.png\" alt=\"USDCAD DAILY 15112014\" width=\"1024\" height=\"470\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\nUSD/CHF:\r\n\r\nI think that with this pair there are several additional factors to bear in mind: -\r\n<ul>\r\n	<li>The precarious position of the EUR/CHF just hovering above the 1.2000 floor / peg level.</li>\r\n	<li>The Swiss (SNB) referendum on Gold holdings.</li>\r\n	<li>The CHF safe haven status.</li>\r\n</ul>\r\nThe Fibonacci retracement level at 0.9562 (61.8%) looks a given level if the EUR/USD continues to push higher. I think that we may see a 100% retracement if uncertainty and FEAR enters CHF trading, in which case 1.9450 is definitely on the cards.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCHF-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4755\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCHF-4-HOUR-15112014-1024x470.png\" alt=\"USDCHF 4 HOUR  15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\nFirstly, I apologise for the chart being heavy on detail. I try my best to give only one set of Fibonacci levels, this one has two, plus trend lines scattered over the chart as well.\r\n\r\nAs the USD squeezed yesterday, the USD/JPY was not affected as much. It looks like 116.00 is still the long entry targeting either 120.00 or 123.85.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDJPY-MONTHLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4754\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDJPY-MONTHLY-15112014-1024x470.png\" alt=\"USDJPY MONTHLY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/NZD:\r\n\r\nI am looking at the chart below thinking that 1.9750 is the level to go long, provided that there is no more squeezing.\r\n\r\nIf more upside moves in the NZD/USD are going to happen, there is a lot of open space to 1.9450.\r\n\r\nWe must also consider the moves in cable before entering this pair. The levels do look interesting though.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-12-HOUR-CHART.png\"><img class=\"aligncenter size-large wp-image-4759\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-12-HOUR-CHART-1024x470.png\" alt=\"GBPNZD 12 HOUR CHART\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/AUD:\r\n\r\nI am long this pair, with hedged trades. My A trade is negative by 600+ pips and my B trade is positive by +500 pips. So my net position is -100 pips.\r\n\r\nThe 50&amp; retracement did not hold so it looks like a test of the 61.8% retracement could be on the books at 1.7760.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4761\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-DAILY-15112014-1024x470.png\" alt=\"GBPAUD DAILY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nEUR/NZD:\r\n\r\nIt looks like support was recently found between 1.5700 and 1.5750. This would be the area in my opinion if you were going to pick this pair up and enter long to look at. A Stop below 1.5550 would seem appropriate.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4763\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-15112014-1024x470.png\" alt=\"EURNZD DAILY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nEUR/CAD:\r\n\r\nHorizontal support has held at 1.4000.\r\n\r\nThis pair I am interested in particularly if OIL continues its downside move. I have the chart below on my desk 24x7.\r\n\r\nI think that 1.4000 or just below would be a great area to try to establish a long trade.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-MONTHLY-15112015.png\"><img class=\"aligncenter size-large wp-image-4764\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-MONTHLY-15112015-1024x470.png\" alt=\"EURCAD MONTHLY 15112015\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nCAD/JPY:\r\n\r\nMy JPY fears placed to one side.\r\n\r\nAbove 104.00 and this pair looks to be on it’s way much higher. I will be on twitter with set ups should this move develop.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/CADJPY-MONTHLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4765\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/CADJPY-MONTHLY-15112014-1024x470.png\" alt=\"CADJPY MONTHLY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/JPY:\r\n\r\nAbove 184.00 this pair like the CAD/JPY looks like it could be set up for a brisk move higher. Apart from horizontal support at 188.50 and 197.00 up to 199.00 looks a possibility then the big 200.00 number beckons.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPJPY-MONTHLY-CHART.png\"><img class=\"aligncenter size-large wp-image-4760\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPJPY-MONTHLY-CHART-1024x470.png\" alt=\"GBPJPY MONTHLY CHART\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThese are my thoughts across a number of pairs, as of the 14<sup>th</sup> and 15<sup>th </sup>of November. We may see an open that completely reverses my thoughts.\r\n\r\nPlease check twitter for updated thoughts through Sunday night and Monday morning.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\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=\"text-decoration: underline;\">LONG:</span>\r\nEUR/GBP\r\n\r\nUSD/JPY\r\n\r\nAUD/JPY\r\n\r\nCAD/JPY\r\n\r\nCHF/JPY\r\n\r\nEUR/JPY\r\n\r\nGBP/JPY\r\n\r\nNZD/JPY\r\n\r\nEUR/NOK\r\n\r\nEUR/SEK\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\nGBP/USD\r\n\r\nEUR/CAD\r\n\r\nGBP/CAD\r\n\r\nGBP/AUD\r\n\r\nEUR/CHF\r\n\r\nGBP/CHF\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> We closed the week on a fairly frantic move squeeze higher after U.S. data was released. The data was good. I think that the move may have been caused by a few large institutions being poorly positioned going into the weekend. I have no other explanation. I saw GOLD leap higher and spike. In any event we are where we are just above 1.2500. The big question that I have is - are we going to move higher, or do we move lower?. Only the early part of next week will confirm matters to me directionally. The early support and resistance levels that I will be focused on are 1.2465 and 1.2575.\r\n\r\n<strong>GBP/USD: Closing Price 1.5664</strong>. Up until mid-morning yesterday (Friday 14<sup>th</sup>), this pair looked like it had given up. It was trading so heavy after Carney’s BOE inflation report it looked like 1.5450 was on the cards in my books. The DXY squeeze elevated the pair back up to above 1.5650. Nevertheless a 200 pip move lower in the week has been recorded. My initial thoughts for next week are based around 1.5600 and 1.5700.\r\n\r\n<strong>AUD/USD: Closing Price 0.8741</strong>. This pair really squeezed on the DXY move. We closed just below 0.8750, which, for me is a bull / bear line in the sand. If on Sunday night / Monday morning in Europe we blast higher I think that a major retracement is on the cards. My initial levels to watch are therefore 0.8700 and 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7900</strong>. I have very similar thoughts with this pair as I do for the AUD/USD. I think that 0.7860 and 0.7930 are key levels for the early sessions this week.\r\n\r\n<strong>USD/CAD: Closing Price 1.1287.</strong> This pair has been my least favourite USD major pair of late. For me, it has just not performed as well as the other commodity pairs. The OIL price is going to influence the CAD moving forward. Continuing price pressure on Oil should see the CAD weaken. It has NOT really moved as far as I thought that it would have done. I was expecting to see 1.1600, but the pair has struggled with 1.1400. Now it looks like we could be looking at 1.1250 again once again. My initial levels to watch out for this week are 1.1250 support and 1.1340 resistance.\r\n\r\n<strong>USD/CHF: Closing Price 0.9589</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. Personally, I would avoid this pair like the plague until we see resolutions. If you feel that you must trade it be careful. Support is at 0.9540 and resistance 0.9620.\r\n\r\n<strong>USD/JPY: Closing Price 116.27. </strong>This pair did not suffer on the DXY squeeze as much as other pairs. I think that it is only a matter of time before we hit 120.00. Initial support this week is at 116.00 and resistance at 116.70.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: NZD – Retail Sales.\r\nSUNDAY: JPY – Preliminary GDP.\r\n\r\nMONDAY: EUR – Mario Draghi Speaks.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – Glenn Stevens speaks.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment Figures.\r\n\r\nWEDNESDAY: BOJ – Monetary Policy Statement and Press Conference.\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: EUR – French and German Flash Manufacturing PMi.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – Core CPi.\r\n\r\nFRIDAY: EUR – Mario Draghi speaks.\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some great opportunities to trade coming up this week.\r\n\r\nI am cautious as you know, and after the reversal move on Friday, that came out of nowhere has me wondering are we going to see a continued move lower in the USD index (DXY) this week or will it stop and recover with its move back higher\r\n\r\nThis coming week therefore, I will be trading small looking to add only as trades become established in the direction that I want. This is the sensible lower risk approach that I will be adopting. As I mentioned last week, fundamentally, nothing much has changed. We are dealing with technical and inter-market relationships that are moving specific pairs and this is pulling other pairs with it. The best example is the relationship between the USD and GOLD. On Friday as GOLD spiked off its lows of the day, it’s relationship with the USD came into play and USD sold off. We have to be conscious of many things as traders and this is a vital constituent.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 15th 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<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.','#38 - THE PREMIUM SERVICE (FULL VERSION) OF THE WEEKLY FX DRIVE THRU','','publish','open','closed','','38-premium-service-full-version-weekly-fx-drive-thru','','','2014-11-15 12:18:37','2014-11-15 17:18:37','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4767',0,'member_posts','',0),(4768,1,'2014-11-15 12:16:33','2014-11-15 17:16:33','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#38 – THE PREMIUM SERVICE BLOG</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>\r\nTHE WEEKLY FX DRIVE THRU\r\n(FULL VERSION)</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>15.11.2014</strong></span></p>\r\n<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThank goodness last week is now finished, completed and put to bed. I personally found it a very difficult week, but, I am not too sure why?\r\n\r\nI knew, and blogged in the DAILY FX POST on a couple of occasions, and, tweeted several times about the US dollar index (DXY) being in a consolidation mode working off some USD overbought conditions… and not to expect a USD continuation of the recent move, in fact, that we would consolidate if not pullback.\r\n\r\nBeing honest, I think that I was trying to force trades, pick tops and pick bottoms on most occasions, struggling to find the best price, then hurriedly exiting trades with small pip gains. Basically, I fell foul of the disciplines in trading that I hold and value. I have severely beaten myself over the head about this and it will not happen again!!\r\n\r\nI added some profits to my account, in fact on Friday (yesterday), I added some great scalping trade profits to my broker accounts. Despite a little bit of personal negativity, the PREMIUM SERVICE performance rose again, albeit very modestly based off recent weeks. The way I look at it… a gain is a gain. So, in spite of a lack of trading discipline I still added funds to my broker account balances.\r\n\r\nThe big news item last week was the USD breakout rejection on Friday. A classic failure, which, I strongly suspect, would have created many losses for institutional and private traders. The USD squeeze was strong and almost instant and it was across the board.\r\n\r\nThe U.S. retail sale numbers were great, plus there were good consumer sentiment numbers. Gold spiked off lows of the day and that was it, the USD was taken to woodshed. The EUR/USD squeezed from 1.2400 to 1.2540, 140 pips in a very short time frame.\r\n\r\nThe result was, nice scalping $$$ for me, and a substantial move in most pairs, in fact many pairs that were over-sold are probably going to look over-bought soon. There should be some great trading opportunities after the dust settles. We will have some nice opportunities with the cross-rates soon and for the PREMIUM SERVICE subscribers these pairs, plus many others with set-ups and their charts are in section 4 later in this blog.\r\n\r\nOne pair that I have not traded recently (in fact, for quite a long, long time) is the USD/JPY. I have only really tackled this pair as a scalping 15-30 pip trade along with the other JPY pairs. It seems only a week or so ago, in fact it was…. That the USD/JPY was trading at 105.00. Blink, we are now at 116.00. I will be trying to place some “skin” in the market on JPY pairs next week.\r\n\r\nA couple of PREMIUM SERVICE subscribers have asked me why I am running scared of the JPY.\r\n\r\nAbout four years ago, I was caught across a multiple JPY trade that went off in the wrong direction. I had one trade to complete with a stop and limit, when at the same moment as trying to place this my Internet connection failed. If I recall correctly 3 trades ran down to stops, which by itself was quite a big loss, but the 4<sup>th</sup> that I was unable to load a stop into ran, ran and ran… need I say more.\r\n\r\nI now automatically enter trades with a pre-determined stop and limit built in, that I adjust as soon as I can. This is why RISK TOLERANCES, RISK MANAGEMENT, POSITION SIZING, TRADE PLANS etc.; are all so important to me and why the EDUCATION section of the PREMIUM SERVICE website continues to grow. The more articles that I can place there with relevant experiences the better. PLACING STOPS needs to be instant and is crucial to trading success and longevity.\r\n\r\nTherefore, this is why I am a reluctant JPY trader.\r\n\r\nLooking forward; my fundamental trading ideas moving forward are still intact. I still have my “<strong>PLAN A”</strong> on the table. It is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.\r\n\r\nI am just conscious of the fact that the squeeze lower in the DXY may have legs that could take currencies well out of the current trading ranges.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE:  </span>\r\n\r\n</strong></li>\r\n</ol>\r\n<strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">\r\n2.2 TRADING ACTIVITY:</span>\r\n\r\nThe past week, even by my own standards was a quiet PREMIUM SERVICE trading week. I had indicated that it would be slower, as the USD took a breath and consolidated its recent trend line breaking moves.\r\n\r\nI believe that I was guilty of maybe trying to force a few trades, however, profits were still added to the PREMIUM SERVICE and I took trades off the table in line with my beliefs.\r\n\r\nA typical example of this was on Friday (yesterday) after great Retail Sales numbers from the U.S. the USD strengthened. After initial strength the DXY stalled. This tells me something is NOT correct so I advised PREMIUM SERVICE subscribers what I was going to do. I tweeted about it and I took USD longs off the table 1 hour before we saw a failed USD breakout.\r\n\r\nI am a cautious trader. The PREMIUM SERVICE will make money, you just have to be patient and pick the correct trades at the right time.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 28\r\n\r\nPROFITABLE TRADES                   = 23 (82% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 5 (18% failed trades)\r\n\r\nI am very comfortable with my trade ratios.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots would have traded 462 trades at a cost of $46.20 and earned from those trades $1,002.30. (This example is based on single lot trades)\r\n\r\nIf you had traded 3 x MICRO lot trades at a time your cost to trade would have been $138.60 ($46.20 x 3) and from those trades you would have earned $3,006.90 ($1002,30 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots would have traded 462 trades at a cost of $462.00 and earned from those trades $10,023.00. (This example is based on single lot trades)\r\n\r\nIf you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,386.00 ($462.00 x 3) and from those trades you would have earned $30,06.90 ($10,023.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots would have traded 462 trades at a cost of $4,620.00 and earned from those trades $100,240.00. (This example is based on single lot trades)\r\n\r\nIf you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $13,860.00 ($4,620.00 x 3) and from those trades you would have earned $300,720.00 ($100,240.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS:</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.6 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\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/2014/11/PREM-SERVICE-PROFITS1-15112014.png\"><img class=\"aligncenter size-full wp-image-4745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-15112014.png\" alt=\"PREM SERVICE PROFITS1 15112014\" width=\"450\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\"><img class=\"aligncenter size-full wp-image-4746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\" alt=\"PREM SERVICE PROFITS 2 15112014\" width=\"462\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></p>\r\n<p style=\"text-align: center;\"><strong> IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?</strong></p>\r\nI was going to write this week about the USD index and how important the recent trend line break above the 29-year trend line was. This trend line had held the USD (DXY) back from breaking out a couple of weeks ago, and now that it has been broken, I wanted to look at and document from my perspective what the ramifications would be on the markets given this move.\r\n\r\nYesterday (Friday) we had a false breakout. Therefore, my article can be held / kept in suspended animation so to speak for a week or maybe two.\r\n\r\nTherefore, I have decided to turn my focus towards Central Banks divergent policies and the fundamental effect that these divergences are having not just in the Forex market but also the ramifications for the broader markets as well.\r\n\r\nSo, is Central bank divergence good or bad for the Forex market?\r\n\r\nIn a one-word answer I believe the answer is <strong>YES</strong>. I do think that for the Forex market benefits from divergence between central banks. The reason for a definitive yes is because it gives us a direction in which we know that the market is supported by the central bank regulator.\r\n\r\nLooking at just the major central banks that are related to the USD major currency pairs: - FED, ECB, BOJ and BOE.\r\n\r\nI think that most people would agree that the financial crash of 2007-8 was a game changer for the financial markets. For the first time ever, the chain of events because of the inter-connectivity of markets was to witness a catastrophic, almost instantaneous reaction across all the continents.\r\n\r\nThe reaction of the Central banks when trying to pick up the pieces to calm the markets and create stability and credibility was different\r\n\r\nThe FED, BOJ and BOE adopted basically a bond-buying programme to essentially keep liquidity flowing along with the printing presses churning out local currency like no-ones business. You may recall “Helicopter Ben” the pictures of Bernanke dropping wads of cash over Wall Street and Chicago. This was called QE (Quantitative Easing).\r\n\r\nThe BOE called it its Asset Purchase Facility. The BOJ are currently in a QE programme that dwarfs the FED programme that has just completed.\r\n\r\nBy contrast the ECB went down a different route to create growth, stability in the financial markets. The ECB used Austerity, which basically increased taxes, reduced public services and controlled markets by fiscal means through local EUROZONE governments supported by the ECB.\r\n\r\nFor six years, we basically knew that the FED in the U.S would support the equity markets. For six years we had a bull market… it is still grinding higher now, albeit more restrained following the completion of QE last month.\r\n\r\nBoth the FED and BOE now have economies that are moving out of the doldrums. The FED has stopped QE and the BOE is probably going to wait until after the Fed raises interest rates next year before copying.\r\n\r\nThe BOJ is still easing, and in fact, is adding to its QE programme. I see no reason why the USD/JPY should not reach 120.00 or even beyond towards 124.00. (CHARTS LATER FOR PREMIUM SERVICE subscribers).\r\n\r\nThe ECB failed with Austerity. It may have created stability in the financial markets, but the cost has been zero consumer confidence and lack of economic growth in the EUROZONE, never mind the depression caused across the EUROZONE due to high taxation. In fact it’s so bad that there is DEFLATION in the EUROZONE. Now the ECB is under tremendous pressure from the markets to tackle the lack of growth, DEFLATION and high unemployment, to name but three things.\r\n\r\nSix years on the FED and BOE are removing liquidity and the BOJ and ECB are easing more. This is pure and simple central bank divergence.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThe FED is the biggest player in the financial markets by far. Fundamentally, this has to be at the back of your mind when placing trades. I will be giving my spin on limits later in the blog.\r\n\r\nWe must also bear in mind that Central Banks are like huge oil tankers, to stop and change direction takes time and distance. Central Bank monetary policies are usually in place within 2-3 year plans. This gives the markets directional guidance and stability. Uncertainty is the markets worst enemy along with FEAR and GREED. Therefore, when you examine central bank policy releases, they tend to use the same language and same timelines when discussing policy.\r\n\r\nThe simplest trades in play right now given central bank monetary policy are: - long the USD and short the JPY.\r\n\r\nBreaking it down even further.\r\n\r\nThe FED is about to raise rates, whilst the ECB is easing and about to ease some more.\r\n\r\nTherefore, the trade is short EUR/USD.\r\n\r\nThe FED is about to raise rates and the BOJ is adding even more asset purchases to its current QE programme.\r\n\r\nTherefore the trade would be long USD/JPY.\r\n\r\nIt is sometimes said that if you entered the two trades above today, switched off your computer and went back and looked again in 6 months time you should be smiling. I am not stating this is what you should do but if the central banks named (FED, BOJ and ECB) want to achieve their goals on monetary policy these trades should work and be profitable.\r\n\r\nEven with billions of local currencies involved to support and direct markets we know currencies do not move in a straight line, as we have seen over the past six years when the FED had QE in operation.\r\n\r\nWhat central bank divergence gives us as traders is basically a direction that the central bank wants to move in. From this viewpoint alone, it gives us a trading edge and every piece of the jigsaw that we have should be welcomed with open arms.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n\r\n<strong>ARE YOU A GREEDY FOREX TRADER?\r\n\r\n</strong>\r\n\r\nSeveral traders and their accounts have suffered because of greed. In fact, this is how the saying “Bulls and Bears make money; “Hogs get slaughtered” came about. No other animal embodies greed better than a hog and in the trading business; the markets show no mercy to hogs.\r\n\r\nThe Webster dictionary definition of greed is “a selfish and excessive desire for more of something (such as money) than is needed.” Sound familiar?\r\n\r\nLet’s face it, it is our desire as traders to acquire handsome returns that drives us to trade, but this desire becomes unhealthy – even dangerous – when it is EXCESSIVE!\r\n\r\nThis is why greed is often considered the most dangerous emotion for traders; even worse than fear. Fear can paralyze you and keep you from trading, but your capital is preserved for as long as you keep your hands in your pockets. On the other hand, greed PUSHES you to act, in ways and at times when you shouldn\'t; that’s why it is dangerous.\r\n\r\nIn particular, greed can prompt you to act irrationally. For traders, this usually comes in the form of overleveraging, overtrading, chasing the markets, or holding on to trades you know you should have exited long ago.\r\n\r\nWhen you think about it, greed is not that different from alcohol; it can make you act foolishly when you have too much of it in your system. When it comes to a point that greed clouds your trading judgment, you are particularly drunk with it.\r\n\r\nLike many other worthy endeavors, overcoming greed requires a lot of effort and discipline. It isn’t easy but it can be done. It’s all a matter of taming your ego.\r\n\r\nYou will have to admit and accept that you won’t make the right call every time. There will be instances when you won’t catch the market’s full move, or times when you miss a nice setup altogether, but that’s just how trading goes. When you accept that the market is bigger than you, and that you are bound to make mistakes, then you will be more focused on following your trading plans instead of succumbing to greed.\r\n\r\nDon’t be a hog and you won’t get slaughtered.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nI have no live RADAR TRADES in play at this time.<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2012\r\nCurrent Profit / Loss Position: -28 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong\r\nCost Average: 1.8520\r\nStop Loss at: 1.8150\r\nLimit At 1.9200\r\nClosing Price: 1.7885\r\nCurrent Profit / Loss Position: -635 pips\r\n<strong>(This trade is hedged from -100 pips)</strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nFollowing yesterdays move in the USD, the trades on my RADAR may not have altered but the entry levels are definitely different than those I thought that I would have been looking at.\r\n\r\nI am so conscious that some of the pairs look extremely bullish as if they are about to take on a further squeeze. With this mind, I have my thoughts on paper per currency pair, but please be patient as on Monday / Tuesday next week, we may reverse direction just as suddenly again.\r\n\r\nThere are no specific trades here, as frankly I am not certain at this stage what to do until the markets open on Sunday night and we have seen a few hours of trading.\r\n\r\nPlease bear this in mind the USD (DXY) may bite back. The DXY chart below shows you the extent of the move on Friday morning.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-FAILURE-15112014.png\"><img class=\"aligncenter size-large wp-image-4751\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-FAILURE-15112014-1024x551.png\" alt=\"DXY FAILURE 15112014\" width=\"1024\" height=\"551\" /></a>\r\n\r\n&nbsp;\r\n\r\nI am only live in two trades at the moment and therefore, this section will be longer than usual.\r\n\r\n&nbsp;\r\n\r\nEUR/USD:\r\n\r\nFrom the chart below, I am thinking that we look like we are about to test 1.2600 (1.2575). My fears are that we may squeeze again up to 1.2710.\r\n\r\nWhen you look at the latest green candlestick moves they were very powerful reversals. It makes you think that maybe more upside is on the horizon.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURUSD-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4762\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURUSD-4-HOUR-15112014-1024x470.png\" alt=\"EURUSD 4 HOUR 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\nThis pair is hard to read. Following Carney’s Inflation report hearing to the House of Commons select committee last week the pair has been trading very heavy indeed. It actually fell through 1.5600 just before the USD squeeze.\r\n\r\nMy thoughts are that maybe because it is over sold and the market is very heavily short we could squeeze to the 61.8% retracement of 1.5800. Alternatively, the 50% retracement of 1.5765 may hold up the pair and act as resistance to a further upside move.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPUSD-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4758\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPUSD-4-HOUR-15112014-1024x470.png\" alt=\"GBPUSD 4 HOUR 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\nThe chart below shows a bearish flag formation that should have taken this pair to 0.8000. The USD reversal yesterday has invalidated this chart pattern as the trend line that is also on the chart looks to be broken. 0.8750 is the key line in the sand. We will have to allow for Asian and European trading next Monday to confirm this trend line break or not.\r\n\r\nAbove 0.8750, I think we could see a continued spike / move higher towards 0.9000. This is really hard to read so soon after the break higher. In my mind if 0.8750 holds it is a different story completely than if it breaks.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/AUDUSD-DAILY-CHART-15112014.png\"><img class=\"aligncenter size-large wp-image-4766\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/AUDUSD-DAILY-CHART-15112014-1024x470.png\" alt=\"AUDUSD DAILY CHART 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\nNZD/USD:\r\n\r\nWhen you look at this chart the trending moves have been to the downside. In the very recent weeks we have been consolidating between 0.7700 and 0.8000. I think if the USD pullback continues 0.8000 is the obvious target. Above 0.8000 there will no doubt be calls for the RBNZ to start intervening directly in the Forex markets once again to weaken the pair. Last time we saw this was at 0.8800. I am certain that the RBNZ will want to spend their cash reserves wisely so I cannot see them directly intervening until around 0.8400 at the earliest.\r\n\r\nLike the AUD/USD, I think that 0.7930-50 will be a key area to check on to see if there will be a continuation of the squeeze or not.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/NZDUSD-WEEKLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4757\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/NZDUSD-WEEKLY-15112014-1024x470.png\" alt=\"NZDUSD WEEKLY 15112014\" width=\"1024\" height=\"470\" /></a><strong> </strong>\r\n\r\nUSD/CAD:\r\n\r\nI am looking at a pullback to 1.1200 (76.8% Fibonacci level), as the potential area to look at entering long with this pair. My issue is that when / if we break the Support trend line the move will accelerate. There are so many variables with potential moves that may happen.\r\n\r\nOf all the USD major pairs this one has been the under-performer on moves. It is probably the USD pair that I am least interested in.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCAD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4756\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCAD-DAILY-15112014-1024x470.png\" alt=\"USDCAD DAILY 15112014\" width=\"1024\" height=\"470\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\nUSD/CHF:\r\n\r\nI think that with this pair there are several additional factors to bear in mind: -\r\n<ul>\r\n	<li>The precarious position of the EUR/CHF just hovering above the 1.2000 floor / peg level.</li>\r\n	<li>The Swiss (SNB) referendum on Gold holdings.</li>\r\n	<li>The CHF safe haven status.</li>\r\n</ul>\r\nThe Fibonacci retracement level at 0.9562 (61.8%) looks a given level if the EUR/USD continues to push higher. I think that we may see a 100% retracement if uncertainty and FEAR enters CHF trading, in which case 1.9450 is definitely on the cards.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCHF-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4755\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCHF-4-HOUR-15112014-1024x470.png\" alt=\"USDCHF 4 HOUR  15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\nFirstly, I apologise for the chart being heavy on detail. I try my best to give only one set of Fibonacci levels, this one has two, plus trend lines scattered over the chart as well.\r\n\r\nAs the USD squeezed yesterday, the USD/JPY was not affected as much. It looks like 116.00 is still the long entry targeting either 120.00 or 123.85.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDJPY-MONTHLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4754\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDJPY-MONTHLY-15112014-1024x470.png\" alt=\"USDJPY MONTHLY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/NZD:\r\n\r\nI am looking at the chart below thinking that 1.9750 is the level to go long, provided that there is no more squeezing.\r\n\r\nIf more upside moves in the NZD/USD are going to happen, there is a lot of open space to 1.9450.\r\n\r\nWe must also consider the moves in cable before entering this pair. The levels do look interesting though.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-12-HOUR-CHART.png\"><img class=\"aligncenter size-large wp-image-4759\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-12-HOUR-CHART-1024x470.png\" alt=\"GBPNZD 12 HOUR CHART\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/AUD:\r\n\r\nI am long this pair, with hedged trades. My A trade is negative by 600+ pips and my B trade is positive by +500 pips. So my net position is -100 pips.\r\n\r\nThe 50&amp; retracement did not hold so it looks like a test of the 61.8% retracement could be on the books at 1.7760.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4761\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-DAILY-15112014-1024x470.png\" alt=\"GBPAUD DAILY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nEUR/NZD:\r\n\r\nIt looks like support was recently found between 1.5700 and 1.5750. This would be the area in my opinion if you were going to pick this pair up and enter long to look at. A Stop below 1.5550 would seem appropriate.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4763\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-15112014-1024x470.png\" alt=\"EURNZD DAILY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nEUR/CAD:\r\n\r\nHorizontal support has held at 1.4000.\r\n\r\nThis pair I am interested in particularly if OIL continues its downside move. I have the chart below on my desk 24x7.\r\n\r\nI think that 1.4000 or just below would be a great area to try to establish a long trade.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-MONTHLY-15112015.png\"><img class=\"aligncenter size-large wp-image-4764\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-MONTHLY-15112015-1024x470.png\" alt=\"EURCAD MONTHLY 15112015\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nCAD/JPY:\r\n\r\nMy JPY fears placed to one side.\r\n\r\nAbove 104.00 and this pair looks to be on it’s way much higher. I will be on twitter with set ups should this move develop.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/CADJPY-MONTHLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4765\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/CADJPY-MONTHLY-15112014-1024x470.png\" alt=\"CADJPY MONTHLY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/JPY:\r\n\r\nAbove 184.00 this pair like the CAD/JPY looks like it could be set up for a brisk move higher. Apart from horizontal support at 188.50 and 197.00 up to 199.00 looks a possibility then the big 200.00 number beckons.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPJPY-MONTHLY-CHART.png\"><img class=\"aligncenter size-large wp-image-4760\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPJPY-MONTHLY-CHART-1024x470.png\" alt=\"GBPJPY MONTHLY CHART\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThese are my thoughts across a number of pairs, as of the 14<sup>th</sup> and 15<sup>th </sup>of November. We may see an open that completely reverses my thoughts.\r\n\r\nPlease check twitter for updated thoughts through Sunday night and Monday morning.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\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=\"text-decoration: underline;\">LONG:</span>\r\nEUR/GBP\r\n\r\nUSD/JPY\r\n\r\nAUD/JPY\r\n\r\nCAD/JPY\r\n\r\nCHF/JPY\r\n\r\nEUR/JPY\r\n\r\nGBP/JPY\r\n\r\nNZD/JPY\r\n\r\nEUR/NOK\r\n\r\nEUR/SEK\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\nGBP/USD\r\n\r\nEUR/CAD\r\n\r\nGBP/CAD\r\n\r\nGBP/AUD\r\n\r\nEUR/CHF\r\n\r\nGBP/CHF\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> We closed the week on a fairly frantic move squeeze higher after U.S. data was released. The data was good. I think that the move may have been caused by a few large institutions being poorly positioned going into the weekend. I have no other explanation. I saw GOLD leap higher and spike. In any event we are where we are just above 1.2500. The big question that I have is - are we going to move higher, or do we move lower?. Only the early part of next week will confirm matters to me directionally. The early support and resistance levels that I will be focused on are 1.2465 and 1.2575.\r\n\r\n<strong>GBP/USD: Closing Price 1.5664</strong>. Up until mid-morning yesterday (Friday 14<sup>th</sup>), this pair looked like it had given up. It was trading so heavy after Carney’s BOE inflation report it looked like 1.5450 was on the cards in my books. The DXY squeeze elevated the pair back up to above 1.5650. Nevertheless a 200 pip move lower in the week has been recorded. My initial thoughts for next week are based around 1.5600 and 1.5700.\r\n\r\n<strong>AUD/USD: Closing Price 0.8741</strong>. This pair really squeezed on the DXY move. We closed just below 0.8750, which, for me is a bull / bear line in the sand. If on Sunday night / Monday morning in Europe we blast higher I think that a major retracement is on the cards. My initial levels to watch are therefore 0.8700 and 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7900</strong>. I have very similar thoughts with this pair as I do for the AUD/USD. I think that 0.7860 and 0.7930 are key levels for the early sessions this week.\r\n\r\n<strong>USD/CAD: Closing Price 1.1287.</strong> This pair has been my least favourite USD major pair of late. For me, it has just not performed as well as the other commodity pairs. The OIL price is going to influence the CAD moving forward. Continuing price pressure on Oil should see the CAD weaken. It has NOT really moved as far as I thought that it would have done. I was expecting to see 1.1600, but the pair has struggled with 1.1400. Now it looks like we could be looking at 1.1250 again once again. My initial levels to watch out for this week are 1.1250 support and 1.1340 resistance.\r\n\r\n<strong>USD/CHF: Closing Price 0.9589</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. Personally, I would avoid this pair like the plague until we see resolutions. If you feel that you must trade it be careful. Support is at 0.9540 and resistance 0.9620.\r\n\r\n<strong>USD/JPY: Closing Price 116.27. </strong>This pair did not suffer on the DXY squeeze as much as other pairs. I think that it is only a matter of time before we hit 120.00. Initial support this week is at 116.00 and resistance at 116.70.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: NZD – Retail Sales.\r\nSUNDAY: JPY – Preliminary GDP.\r\n\r\nMONDAY: EUR – Mario Draghi Speaks.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – Glenn Stevens speaks.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment Figures.\r\n\r\nWEDNESDAY: BOJ – Monetary Policy Statement and Press Conference.\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: EUR – French and German Flash Manufacturing PMi.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – Core CPi.\r\n\r\nFRIDAY: EUR – Mario Draghi speaks.\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some great opportunities to trade coming up this week.\r\n\r\nI am cautious as you know, and after the reversal move on Friday, that came out of nowhere has me wondering are we going to see a continued move lower in the USD index (DXY) this week or will it stop and recover with its move back higher\r\n\r\nThis coming week therefore, I will be trading small looking to add only as trades become established in the direction that I want. This is the sensible lower risk approach that I will be adopting. As I mentioned last week, fundamentally, nothing much has changed. We are dealing with technical and inter-market relationships that are moving specific pairs and this is pulling other pairs with it. The best example is the relationship between the USD and GOLD. On Friday as GOLD spiked off its lows of the day, it’s relationship with the USD came into play and USD sold off. We have to be conscious of many things as traders and this is a vital constituent.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 15th 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<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.','#38 - THE PREMIUM SERVICE (FULL VERSION) OF THE WEEKLY FX DRIVE THRU','','inherit','open','closed','','4767-revision-v1','','','2014-11-15 12:16:33','2014-11-15 17:16:33','',4767,'https://weeklyfxdrivethru.com/4767-revision-v1/',0,'revision','',0),(4769,1,'2014-11-15 12:18:37','2014-11-15 17:18:37','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#38 – THE PREMIUM SERVICE BLOG</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>\r\nTHE WEEKLY FX DRIVE THRU\r\n(FULL VERSION)</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>15.11.2014</strong></span></p>\r\n<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThank goodness last week is now finished, completed and put to bed. I personally found it a very difficult week, but, I am not too sure why?\r\n\r\nI knew, and blogged in the DAILY FX POST on a couple of occasions, and, tweeted several times about the US dollar index (DXY) being in a consolidation mode working off some USD overbought conditions… and not to expect a USD continuation of the recent move, in fact, that we would consolidate if not pullback.\r\n\r\nBeing honest, I think that I was trying to force trades, pick tops and pick bottoms on most occasions, struggling to find the best price, then hurriedly exiting trades with small pip gains. Basically, I fell foul of the disciplines in trading that I hold and value. I have severely beaten myself over the head about this and it will not happen again!!\r\n\r\nI added some profits to my account, in fact on Friday (yesterday), I added some great scalping trade profits to my broker accounts. Despite a little bit of personal negativity, the PREMIUM SERVICE performance rose again, albeit very modestly based off recent weeks. The way I look at it… a gain is a gain. So, in spite of a lack of trading discipline I still added funds to my broker account balances.\r\n\r\nThe big news item last week was the USD breakout rejection on Friday. A classic failure, which, I strongly suspect, would have created many losses for institutional and private traders. The USD squeeze was strong and almost instant and it was across the board.\r\n\r\nThe U.S. retail sale numbers were great, plus there were good consumer sentiment numbers. Gold spiked off lows of the day and that was it, the USD was taken to woodshed. The EUR/USD squeezed from 1.2400 to 1.2540, 140 pips in a very short time frame.\r\n\r\nThe result was, nice scalping $$$ for me, and a substantial move in most pairs, in fact many pairs that were over-sold are probably going to look over-bought soon. There should be some great trading opportunities after the dust settles. We will have some nice opportunities with the cross-rates soon and for the PREMIUM SERVICE subscribers these pairs, plus many others with set-ups and their charts are in section 4 later in this blog.\r\n\r\nOne pair that I have not traded recently (in fact, for quite a long, long time) is the USD/JPY. I have only really tackled this pair as a scalping 15-30 pip trade along with the other JPY pairs. It seems only a week or so ago, in fact it was…. That the USD/JPY was trading at 105.00. Blink, we are now at 116.00. I will be trying to place some “skin” in the market on JPY pairs next week.\r\n\r\nA couple of PREMIUM SERVICE subscribers have asked me why I am running scared of the JPY.\r\n\r\nAbout four years ago, I was caught across a multiple JPY trade that went off in the wrong direction. I had one trade to complete with a stop and limit, when at the same moment as trying to place this my Internet connection failed. If I recall correctly 3 trades ran down to stops, which by itself was quite a big loss, but the 4<sup>th</sup> that I was unable to load a stop into ran, ran and ran… need I say more.\r\n\r\nI now automatically enter trades with a pre-determined stop and limit built in, that I adjust as soon as I can. This is why RISK TOLERANCES, RISK MANAGEMENT, POSITION SIZING, TRADE PLANS etc.; are all so important to me and why the EDUCATION section of the PREMIUM SERVICE website continues to grow. The more articles that I can place there with relevant experiences the better. PLACING STOPS needs to be instant and is crucial to trading success and longevity.\r\n\r\nTherefore, this is why I am a reluctant JPY trader.\r\n\r\nLooking forward; my fundamental trading ideas moving forward are still intact. I still have my “<strong>PLAN A”</strong> on the table. It is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.\r\n\r\nI am just conscious of the fact that the squeeze lower in the DXY may have legs that could take currencies well out of the current trading ranges.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE:  </span></strong>&nbsp;</li>\r\n</ol>\r\n<strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">\r\n2.2 TRADING ACTIVITY:</span>\r\n\r\nThe past week, even by my own standards was a quiet PREMIUM SERVICE trading week. I had indicated that it would be slower, as the USD took a breath and consolidated its recent trend line breaking moves.\r\n\r\nI believe that I was guilty of maybe trying to force a few trades, however, profits were still added to the PREMIUM SERVICE and I took trades off the table in line with my beliefs.\r\n\r\nA typical example of this was on Friday (yesterday) after great Retail Sales numbers from the U.S. the USD strengthened. After initial strength the DXY stalled. This tells me something is NOT correct so I advised PREMIUM SERVICE subscribers what I was going to do. I tweeted about it and I took USD longs off the table 1 hour before we saw a failed USD breakout.\r\n\r\nI am a cautious trader. The PREMIUM SERVICE will make money, you just have to be patient and pick the correct trades at the right time.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 28\r\n\r\nPROFITABLE TRADES                   = 23 (82% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 5 (18% failed trades)\r\n\r\nI am very comfortable with my trade ratios.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots would have traded 462 trades at a cost of $46.20 and earned from those trades $1,002.30. (This exampleis based on single lot trades)If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $138.60 ($46.20 x 3) and from those trades you would have earned $3,006.90 ($1002,30 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots would have traded 462 trades at a cost of $462.00 and earned from those trades $10,023.00. (This exampleis based on single lot trades)If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,386.00 ($462.00 x 3) and from those trades you would have earned $30,06.90 ($10,023.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots would have traded 462 trades at a cost of $4,620.00 and earned from those trades $100,240.00. (This exampleis based on single lot trades)If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $13,860.00 ($4,620.00 x 3) and from those trades you would have earned $300,720.00 ($100,240.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANAGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS:</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.6 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\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/2014/11/PREM-SERVICE-PROFITS1-15112014.png\"><img class=\"aligncenter size-full wp-image-4745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-15112014.png\" alt=\"PREM SERVICE PROFITS1 15112014\" width=\"450\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\"><img class=\"aligncenter size-full wp-image-4746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\" alt=\"PREM SERVICE PROFITS 2 15112014\" width=\"462\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></p>\r\n<p style=\"text-align: center;\"><strong> IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?</strong></p>\r\nI was going to write this week about the USD index and how important the recent trend line break above the 29-year trend line was. This trend line had held the USD (DXY) back from breaking out a couple of weeks ago, and now that it has been broken, I wanted to look at and document from my perspective what the ramifications would be on the markets given this move.\r\n\r\nYesterday (Friday) we had a false breakout. Therefore, my article can be held / kept in suspended animation so to speak for a week or maybe two.\r\n\r\nTherefore, I have decided to turn my focus towards Central Banks divergent policies and the fundamental effect that these divergences are having not just in the Forex market but also the ramifications for the broader markets as well.\r\n\r\nSo, is Central bank divergence good or bad for the Forex market?\r\n\r\nIn a one-word answer I believe the answer is <strong>YES</strong>. I do think that for the Forex market benefits from divergence between central banks. The reason for a definitive yes is because it gives us a direction in which we know that the market is supported by the central bank regulator.\r\n\r\nLooking at just the major central banks that are related to the USD major currency pairs: - FED, ECB, BOJ and BOE.\r\n\r\nI think that most people would agree that the financial crash of 2007-8 was a game changer for the financial markets. For the first time ever, the chain of events because of the inter-connectivity of markets was to witness a catastrophic, almost instantaneous reaction across all the continents.\r\n\r\nThe reaction of the Central banks when trying to pick up the pieces to calm the markets and create stability and credibility was different\r\n\r\nThe FED, BOJ and BOE adopted basically a bond-buying programme to essentially keep liquidity flowing along with the printing presses churning out local currency like no-ones business. You may recall “Helicopter Ben” the pictures of Bernanke dropping wads of cash over Wall Street and Chicago. This was called QE (Quantitative Easing).\r\n\r\nThe BOE called it its Asset Purchase Facility. The BOJ are currently in a QE programme that dwarfs the FED programme that has just completed.\r\n\r\nBy contrast the ECB went down a different route to create growth, stability in the financial markets. The ECB used Austerity, which basically increased taxes, reduced public services and controlled markets by fiscal means through local EUROZONE governments supported by the ECB.\r\n\r\nFor six years, we basically knew that the FED in the U.S would support the equity markets. For six years we had a bull market… it is still grinding higher now, albeit more restrained following the completion of QE last month.\r\n\r\nBoth the FED and BOE now have economies that are moving out of the doldrums. The FED has stopped QE and the BOE is probably going to wait until after the Fed raises interest rates next year before copying.\r\n\r\nThe BOJ is still easing, and in fact, is adding to its QE programme. I see no reason why the USD/JPY should not reach 120.00 or even beyond towards 124.00. (CHARTS LATER FOR PREMIUM SERVICE subscribers).\r\n\r\nThe ECB failed with Austerity. It may have created stability in the financial markets, but the cost has been zero consumer confidence and lack of economic growth in the EUROZONE, never mind the depression caused across the EUROZONE due to high taxation. In fact it’s so bad that there is DEFLATION in the EUROZONE. Now the ECB is under tremendous pressure from the markets to tackle the lack of growth, DEFLATION and high unemployment, to name but three things.\r\n\r\nSix years on the FED and BOE are removing liquidity and the BOJ and ECB are easing more. This is pure and simple central bank divergence.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThe FED is the biggest player in the financial markets by far. Fundamentally, this has to be at the back of your mind when placing trades. I will be giving my spin on limits later in the blog.\r\n\r\nWe must also bear in mind that Central Banks are like huge oil tankers, to stop and change direction takes time and distance. Central Bank monetary policies are usually in place within 2-3 year plans. This gives the markets directional guidance and stability. Uncertainty is the markets worst enemy along with FEAR and GREED. Therefore, when you examine central bank policy releases, they tend to use the same language and same timelines when discussing policy.\r\n\r\nThe simplest trades in play right now given central bank monetary policy are: - long the USD and short the JPY.\r\n\r\nBreaking it down even further.\r\n\r\nThe FED is about to raise rates, whilst the ECB is easing and about to ease some more.\r\n\r\nTherefore, the trade is short EUR/USD.\r\n\r\nThe FED is about to raise rates and the BOJ is adding even more asset purchases to its current QE programme.\r\n\r\nTherefore the trade would be long USD/JPY.\r\n\r\nIt is sometimes said that if you entered the two trades above today, switched off your computer and went back and looked again in 6 months time you should be smiling. I am not stating this is what you should do but if the central banks named (FED, BOJ and ECB) want to achieve their goals on monetary policy these trades should work and be profitable.\r\n\r\nEven with billions of local currencies involved to support and direct markets we know currencies do not move in a straight line, as we have seen over the past six years when the FED had QE in operation.\r\n\r\nWhat central bank divergence gives us as traders is basically a direction that the central bank wants to move in. From this viewpoint alone, it gives us a trading edge and every piece of the jigsaw that we have should be welcomed with open arms.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n\r\n<strong>ARE YOU A GREEDY FOREX TRADER?</strong>\r\n\r\n&nbsp;\r\n\r\nSeveral traders and their accounts have suffered because of greed. In fact, this is how the saying “Bulls and Bears make money; “Hogs get slaughtered” came about. No other animal embodies greed better than a hog and in the trading business; the markets show no mercy to hogs.\r\n\r\nThe Webster dictionary definition of greed is “a selfish and excessive desire for more of something (such as money) than is needed.” Sound familiar?\r\n\r\nLet’s face it, it is our desire as traders to acquire handsome returns that drives us to trade, but this desire becomes unhealthy – even dangerous – when it is EXCESSIVE!\r\n\r\nThis is why greed is often considered the most dangerous emotion for traders; even worse than fear. Fear can paralyze you and keep you from trading, but your capital is preserved for as long as you keep your hands in your pockets. On the other hand, greed PUSHES you to act, in ways and at times when you shouldn\'t; that’s why it is dangerous.\r\n\r\nIn particular, greed can prompt you to act irrationally. For traders, this usually comes in the form of over leveraging, overtrading, chasing the markets, or holding on to trades you know you should have exited long ago.\r\n\r\nWhen you think about it, greed is not that different from alcohol; it can make you act foolishly when you have too much of it in your system. When it comes to a point that greed clouds your trading judgment, you are particularly drunk with it.\r\n\r\nLike many other worthy endeavors, overcoming greed requires a lot of effort and discipline. It isn’t easy but it can be done. It’s all a matter of taming your ego.\r\n\r\nYou will have to admit and accept that you won’t make the right call every time. There will be instances when you won’t catch the market’s full move, or times when you miss a nice setup altogether, but that’s just how trading goes. When you accept that the market is bigger than you, and that you are bound to make mistakes, then you will be more focused on following your trading plans instead of succumbing to greed.\r\n\r\nDon’t be a hog and you won’t get slaughtered.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nI have no live RADAR TRADES in play at this time.<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2012\r\nCurrent Profit / Loss Position: -28 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong\r\nCost Average: 1.8520\r\nStop Loss at: 1.8150\r\nLimit At 1.9200\r\nClosing Price: 1.7885\r\nCurrent Profit / Loss Position: -635 pips\r\n<strong>(This trade is hedged from -100 pips)</strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nFollowing yesterdays move in the USD, the trades on my RADAR may not have altered but the entry levels are definitely different than those I thought that I would have been looking at.\r\n\r\nI am so conscious that some of the pairs look extremely bullish as if they are about to take on a further squeeze. With this mind, I have my thoughts on paper per currency pair, but please be patient as on Monday / Tuesday next week, we may reverse direction just as suddenly again.\r\n\r\nThere are no specific trades here, as frankly I am not certain at this stage what to do until the markets open on Sunday night and we have seen a few hours of trading.\r\n\r\nPlease bear this in mind the USD (DXY) may bite back. The DXY chart below shows you the extent of the move on Friday morning.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-FAILURE-15112014.png\"><img class=\"aligncenter size-large wp-image-4751\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-FAILURE-15112014-1024x551.png\" alt=\"DXY FAILURE 15112014\" width=\"1024\" height=\"551\" /></a>\r\n\r\n&nbsp;\r\n\r\nI am only live in two trades at the moment and therefore, this section will be longer than usual.\r\n\r\n&nbsp;\r\n\r\nEUR/USD:\r\n\r\nFrom the chart below, I am thinking that we look like we are about to test 1.2600 (1.2575). My fears are that we may squeeze again up to 1.2710.\r\n\r\nWhen you look at the latest green candlestick moves they were very powerful reversals. It makes you think that maybe more upside is on the horizon.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURUSD-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4762\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURUSD-4-HOUR-15112014-1024x470.png\" alt=\"EURUSD 4 HOUR 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\nThis pair is hard to read. Following Carney’s Inflation report hearing to the House of Commons select committee last week the pair has been trading very heavy indeed. It actually fell through 1.5600 just before the USD squeeze.\r\n\r\nMy thoughts are that maybe because it is over sold and the market is very heavily short we could squeeze to the 61.8% retracement of 1.5800. Alternatively, the 50% retracement of 1.5765 may hold up the pair and act as resistance to a further upside move.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPUSD-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4758\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPUSD-4-HOUR-15112014-1024x470.png\" alt=\"GBPUSD 4 HOUR 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\nThe chart below shows a bearish flag formation that should have taken this pair to 0.8000. The USD reversal yesterday has invalidated this chart pattern as the trend line that is also on the chart looks to be broken. 0.8750 is the key line in the sand. We will have to allow for Asian and European trading next Monday to confirm this trend line break or not.\r\n\r\nAbove 0.8750, I think we could see a continued spike / move higher towards 0.9000. This is really hard to read so soon after the break higher. In my mind if 0.8750 holds it is a different story completely than if it breaks.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/AUDUSD-DAILY-CHART-15112014.png\"><img class=\"aligncenter size-large wp-image-4766\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/AUDUSD-DAILY-CHART-15112014-1024x470.png\" alt=\"AUDUSD DAILY CHART 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\nNZD/USD:\r\n\r\nWhen you look at this chart the trending moves have been to the downside. In the very recent weeks we have been consolidating between 0.7700 and 0.8000. I think if the USD pullback continues 0.8000 is the obvious target. Above 0.8000 there will no doubt be calls for the RBNZ to start intervening directly in the Forex markets once again to weaken the pair. Last time we saw this was at 0.8800. I am certain that the RBNZ will want to spend their cash reserves wisely so I cannot see them directly intervening until around 0.8400 at the earliest.\r\n\r\nLike the AUD/USD, I think that 0.7930-50 will be a key area to check on to see if there will be a continuation of the squeeze or not.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/NZDUSD-WEEKLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4757\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/NZDUSD-WEEKLY-15112014-1024x470.png\" alt=\"NZDUSD WEEKLY 15112014\" width=\"1024\" height=\"470\" /></a><strong> </strong>\r\n\r\nUSD/CAD:\r\n\r\nI am looking at a pullback to 1.1200 (76.8% Fibonacci level), as the potential area to look at entering long with this pair. My issue is that when / if we break the Support trend line the move will accelerate. There are so many variables with potential moves that may happen.\r\n\r\nOf all the USD major pairs this one has been the under-performer on moves. It is probably the USD pair that I am least interested in.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCAD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4756\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCAD-DAILY-15112014-1024x470.png\" alt=\"USDCAD DAILY 15112014\" width=\"1024\" height=\"470\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\nUSD/CHF:\r\n\r\nI think that with this pair there are several additional factors to bear in mind: -\r\n<ul>\r\n	<li>The precarious position of the EUR/CHF just hovering above the 1.2000 floor / peg level.</li>\r\n	<li>The Swiss (SNB) referendum on Gold holdings.</li>\r\n	<li>The CHF safe haven status.</li>\r\n</ul>\r\nThe Fibonacci retracement level at 0.9562 (61.8%) looks a given level if the EUR/USD continues to push higher. I think that we may see a 100% retracement if uncertainty and FEAR enters CHF trading, in which case 1.9450 is definitely on the cards.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCHF-4-HOUR-15112014.png\"><img class=\"aligncenter size-large wp-image-4755\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDCHF-4-HOUR-15112014-1024x470.png\" alt=\"USDCHF 4 HOUR  15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\nFirstly, I apologise for the chart being heavy on detail. I try my best to give only one set of Fibonacci levels, this one has two, plus trend lines scattered over the chart as well.\r\n\r\nAs the USD squeezed yesterday, the USD/JPY was not affected as much. It looks like 116.00 is still the long entry targeting either 120.00 or 123.85.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDJPY-MONTHLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4754\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/USDJPY-MONTHLY-15112014-1024x470.png\" alt=\"USDJPY MONTHLY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/NZD:\r\n\r\nI am looking at the chart below thinking that 1.9750 is the level to go long, provided that there is no more squeezing.\r\n\r\nIf more upside moves in the NZD/USD are going to happen, there is a lot of open space to 1.9450.\r\n\r\nWe must also consider the moves in cable before entering this pair. The levels do look interesting though.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-12-HOUR-CHART.png\"><img class=\"aligncenter size-large wp-image-4759\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-12-HOUR-CHART-1024x470.png\" alt=\"GBPNZD 12 HOUR CHART\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/AUD:\r\n\r\nI am long this pair, with hedged trades. My A trade is negative by 600+ pips and my B trade is positive by +500 pips. So my net position is -100 pips.\r\n\r\nThe 50&amp; retracement did not hold so it looks like a test of the 61.8% retracement could be on the books at 1.7760.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4761\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-DAILY-15112014-1024x470.png\" alt=\"GBPAUD DAILY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nEUR/NZD:\r\n\r\nIt looks like support was recently found between 1.5700 and 1.5750. This would be the area in my opinion if you were going to pick this pair up and enter long to look at. A Stop below 1.5550 would seem appropriate.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-15112014.png\"><img class=\"aligncenter size-large wp-image-4763\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-15112014-1024x470.png\" alt=\"EURNZD DAILY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nEUR/CAD:\r\n\r\nHorizontal support has held at 1.4000.\r\n\r\nThis pair I am interested in particularly if OIL continues its downside move. I have the chart below on my desk 24x7.\r\n\r\nI think that 1.4000 or just below would be a great area to try to establish a long trade.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-MONTHLY-15112015.png\"><img class=\"aligncenter size-large wp-image-4764\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-MONTHLY-15112015-1024x470.png\" alt=\"EURCAD MONTHLY 15112015\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nCAD/JPY:\r\n\r\nMy JPY fears placed to one side.\r\n\r\nAbove 104.00 and this pair looks to be on it’s way much higher. I will be on twitter with set ups should this move develop.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/CADJPY-MONTHLY-15112014.png\"><img class=\"aligncenter size-large wp-image-4765\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/CADJPY-MONTHLY-15112014-1024x470.png\" alt=\"CADJPY MONTHLY 15112014\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\nGBP/JPY:\r\n\r\nAbove 184.00 this pair like the CAD/JPY looks like it could be set up for a brisk move higher. Apart from horizontal support at 188.50 and 197.00 up to 199.00 looks a possibility then the big 200.00 number beckons.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPJPY-MONTHLY-CHART.png\"><img class=\"aligncenter size-large wp-image-4760\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPJPY-MONTHLY-CHART-1024x470.png\" alt=\"GBPJPY MONTHLY CHART\" width=\"1024\" height=\"470\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThese are my thoughts across a number of pairs, as of the 14<sup>th</sup> and 15<sup>th </sup>of November. We may see an open that completely reverses my thoughts.\r\n\r\nPlease check twitter for updated thoughts through Sunday night and Monday morning.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\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=\"text-decoration: underline;\">LONG:</span>\r\nEUR/GBP\r\n\r\nUSD/JPY\r\n\r\nAUD/JPY\r\n\r\nCAD/JPY\r\n\r\nCHF/JPY\r\n\r\nEUR/JPY\r\n\r\nGBP/JPY\r\n\r\nNZD/JPY\r\n\r\nEUR/NOK\r\n\r\nEUR/SEK\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\nGBP/USD\r\n\r\nEUR/CAD\r\n\r\nGBP/CAD\r\n\r\nGBP/AUD\r\n\r\nEUR/CHF\r\n\r\nGBP/CHF\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> We closed the week on a fairly frantic move squeeze higher after U.S. data was released. The data was good. I think that the move may have been caused by a few large institutions being poorly positioned going into the weekend. I have no other explanation. I saw GOLD leap higher and spike. In any event we are where we are just above 1.2500. The big question that I have is - are we going to move higher, or do we move lower?. Only the early part of next week will confirm matters to me directionally. The early support and resistance levels that I will be focused on are 1.2465 and 1.2575.\r\n\r\n<strong>GBP/USD: Closing Price 1.5664</strong>. Up until mid-morning yesterday (Friday 14<sup>th</sup>), this pair looked like it had given up. It was trading so heavy after Carney’s BOE inflation report it looked like 1.5450 was on the cards in my books. The DXY squeeze elevated the pair back up to above 1.5650. Nevertheless a 200 pip move lower in the week has been recorded. My initial thoughts for next week are based around 1.5600 and 1.5700.\r\n\r\n<strong>AUD/USD: Closing Price 0.8741</strong>. This pair really squeezed on the DXY move. We closed just below 0.8750, which, for me is a bull / bear line in the sand. If on Sunday night / Monday morning in Europe we blast higher I think that a major retracement is on the cards. My initial levels to watch are therefore 0.8700 and 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7900</strong>. I have very similar thoughts with this pair as I do for the AUD/USD. I think that 0.7860 and 0.7930 are key levels for the early sessions this week.\r\n\r\n<strong>USD/CAD: Closing Price 1.1287.</strong> This pair has been my least favourite USD major pair of late. For me, it has just not performed as well as the other commodity pairs. The OIL price is going to influence the CAD moving forward. Continuing price pressure on Oil should see the CAD weaken. It has NOT really moved as far as I thought that it would have done. I was expecting to see 1.1600, but the pair has struggled with 1.1400. Now it looks like we could be looking at 1.1250 again once again. My initial levels to watch out for this week are 1.1250 support and 1.1340 resistance.\r\n\r\n<strong>USD/CHF: Closing Price 0.9589</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. Personally, I would avoid this pair like the plague until we see resolutions. If you feel that you must trade it be careful. Support is at 0.9540 and resistance 0.9620.\r\n\r\n<strong>USD/JPY: Closing Price 116.27. </strong>This pair did not suffer on the DXY squeeze as much as other pairs. I think that it is only a matter of time before we hit 120.00. Initial support this week is at 116.00 and resistance at 116.70.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: NZD – Retail Sales.\r\nSUNDAY: JPY – Preliminary GDP.\r\n\r\nMONDAY: EUR – Mario Draghi Speaks.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – Glenn Stevens speaks.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment Figures.\r\n\r\nWEDNESDAY: BOJ – Monetary Policy Statement and Press Conference.\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: EUR – French and German Flash Manufacturing PMi.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – Core CPi.\r\n\r\nFRIDAY: EUR – Mario Draghi speaks.\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some great opportunities to trade coming up this week.\r\n\r\nI am cautious as you know, and after the reversal move on Friday, that came out of nowhere has me wondering are we going to see a continued move lower in the USD index (DXY) this week or will it stop and recover with its move back higher\r\n\r\nThis coming week therefore, I will be trading small looking to add only as trades become established in the direction that I want. This is the sensible lower risk approach that I will be adopting. As I mentioned last week, fundamentally, nothing much has changed. We are dealing with technical and inter-market relationships that are moving specific pairs and this is pulling other pairs with it. The best example is the relationship between the USD and GOLD. On Friday as GOLD spiked off its lows of the day, it’s relationship with the USD came into play and USD sold off. We have to be conscious of many things as traders and this is a vital constituent.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 15th 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<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.','#38 - THE PREMIUM SERVICE (FULL VERSION) OF THE WEEKLY FX DRIVE THRU','','inherit','open','closed','','4767-revision-v1','','','2014-11-15 12:18:37','2014-11-15 17:18:37','',4767,'https://weeklyfxdrivethru.com/4767-revision-v1/',0,'revision','',0),(4770,1,'2014-11-15 12:27:46','2014-11-15 17:27:46','','ARE YOU A GREEDY FOREX TRADER_','','inherit','open','closed','','are-you-a-greedy-forex-trader_','','','2014-11-15 12:37:51','2014-11-15 17:37:51','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf',0,'attachment','application/pdf',0),(4774,1,'2014-11-15 12:33:07','2014-11-15 17:33:07','<section class=\"members\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading </a><span style=\"text-decoration: underline;\">Essential</span>s<a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2014-11-15 12:33:07','2014-11-15 17:33:07','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4775,1,'2014-11-15 12:33:44','2014-11-15 17:33:44','<section class=\"members\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading</a><span style=\"text-decoration: underline;\">Essentials</span><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2014-11-15 12:33:44','2014-11-15 17:33:44','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4778,1,'2014-11-15 12:38:00','2014-11-15 17:38:00','<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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</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\">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','','','2014-11-15 12:38:00','2014-11-15 17:38:00','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4779,1,'2014-11-15 12:40:15','2014-11-15 17:40:15','<section class=\"members\"><span style=\"text-decoration: underline;\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></span></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2014-11-15 12:40:15','2014-11-15 17:40:15','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4780,1,'2014-11-15 12:42:42','2014-11-15 17:42:42','<section class=\"members\"><span style=\"text-decoration: underline;\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading</a> Essentials<a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></span></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2014-11-15 12:42:42','2014-11-15 17:42:42','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4781,1,'2014-11-15 12:58:08','2014-11-15 17:58:08','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#129 - THE WEEKLY FX DRIVE THRU</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>15.11.2014</strong></span></p>\r\n<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThank goodness last week is now finished, completed and put to bed. I personally found it a very difficult week, but, I am not too sure why?\r\n\r\nI knew, and blogged in the DAILY FX POST on a couple of occasions, and, tweeted several times about the US dollar index (DXY) being in a consolidation mode working off some USD overbought conditions… and not to expect a USD continuation of the recent move, in fact, that we would consolidate if not pullback.\r\n\r\nBeing honest, I think that I was trying to force trades, pick tops and pick bottoms on most occasions, struggling to find the best price, then hurriedly exiting trades with small pip gains. Basically, I fell foul of the disciplines in trading that I hold and value. I have severely beaten myself over the head about this and it will not happen again!!\r\n\r\nI added some profits to my account, in fact on Friday (yesterday), I added some great scalping trade profits to my broker accounts. Despite a little bit of personal negativity, the PREMIUM SERVICE performance rose again, albeit very modestly based off recent weeks. The way I look at it… a gain is a gain. So, in spite of a lack of trading discipline I still added funds to my broker account balances.\r\n\r\nThe big news item last week was the USD breakout rejection on Friday. A classic failure, which, I strongly suspect, would have created many losses for institutional and private traders. The USD squeeze was strong and almost instant and it was across the board.\r\n\r\nThe U.S. retail sale numbers were great, plus there were good consumer sentiment numbers. Gold spiked off lows of the day and that was it, the USD was taken to woodshed. The EUR/USD squeezed from 1.2400 to 1.2540, 140 pips in a very short time frame.\r\n\r\nThe result was, nice scalping $$$ for me, and a substantial move in most pairs, in fact many pairs that were over-sold are probably going to look over-bought soon. There should be some great trading opportunities after the dust settles. We will have some nice opportunities with the cross-rates soon and for the PREMIUM SERVICE subscribers these pairs, plus many others with set-ups and their charts are in section 4 later in this blog.\r\n\r\nOne pair that I have not traded recently (in fact, for quite a long, long time) is the USD/JPY. I have only really tackled this pair as a scalping 15-30 pip trade along with the other JPY pairs. It seems only a week or so ago, in fact it was…. That the USD/JPY was trading at 105.00. Blink, we are now at 116.00. I will be trying to place some “skin” in the market on JPY pairs next week.\r\n\r\nA couple of PREMIUM SERVICE subscribers have asked me why I am running scared of the JPY.\r\n\r\nAbout four years ago, I was caught across a multiple JPY trade that went off in the wrong direction. I had one trade to complete with a stop and limit, when at the same moment as trying to place this my Internet connection failed. If I recall correctly 3 trades ran down to stops, which by itself was quite a big loss, but the 4<sup>th</sup> that I was unable to load a stop into ran, ran and ran… need I say more.\r\n\r\nI now automatically enter trades with a pre-determined stop and limit built in, that I adjust as soon as I can. This is why RISK TOLERANCES, RISK MANAGEMENT, POSITION SIZING, TRADE PLANS etc.; are all so important to me and why the EDUCATION section of the PREMIUM SERVICE website continues to grow. The more articles that I can place there with relevant experiences the better. PLACING STOPS needs to be instant and is crucial to trading success and longevity.\r\n\r\nTherefore, this is why I am a reluctant JPY trader.\r\n\r\nLooking forward; my fundamental trading ideas moving forward are still intact. I still have my “<strong>PLAN A”</strong> on the table. It is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.\r\n\r\nI am just conscious of the fact that the squeeze lower in the DXY may have legs that could take currencies well out of the current trading ranges.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE: </span></strong>&nbsp;</li>\r\n</ol>\r\n<strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong>\r\n\r\n<strong>YEAR TO DATE TRADING SUMMARIES:</strong>\r\n\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\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nThe past week, even by my own standards was a quiet PREMIUM SERVICE trading week. I had indicated that it would be slower, as the USD took a breath and consolidated its recent trend line breaking moves.\r\n\r\nI believe that I was guilty of maybe trying to force a few trades, however, profits were still added to the PREMIUM SERVICE and I took trades off the table in line with my beliefs.\r\n\r\nA typical example of this was on Friday (yesterday) after great Retail Sales numbers from the U.S. the USD strengthened. After initial strength the DXY stalled. This tells me something is NOT correct so I advised PREMIUM SERVICE subscribers what I was going to do. I tweeted about it and I took USD longs off the table 1 hour before we saw a failed USD breakout.\r\n\r\nI am a cautious trader. The PREMIUM SERVICE will make money, you just have to be patient and pick the correct trades at the right time.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 28\r\n\r\nPROFITABLE TRADES                   = 23 (82% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 5 (18% failed trades)\r\n\r\nI am very comfortable with my trade ratios.\r\n\r\n&nbsp;\r\n\r\n2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots would have traded 462 trades at a cost of $46.20 and earned from those trades $1,002.30. (This exampleis based on single lot trades)If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $138.60 ($46.20 x 3) and from those trades you would have earned $3,006.90 ($1002,30 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots would have traded 462 trades at a cost of $462.00 and earned from those trades $10,023.00. (This exampleis based on single lot trades)If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,386.00 ($462.00 x 3) and from those trades you would have earned $30,06.90 ($10,023.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots would have traded 462 trades at a cost of $4,620.00 and earned from those trades $100,240.00. (This exampleis based on single lot trades)If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $13,860.00 ($4,620.00 x 3) and from those trades you would have earned $300,720.00 ($100,240.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANAGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n2.5 FX BROKERS:\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n2.6 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/2014/11/PREM-SERVICE-PROFITS1-15112014.png\"><img class=\"aligncenter size-full wp-image-4745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-15112014.png\" alt=\"PREM SERVICE PROFITS1 15112014\" width=\"450\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\"><img class=\"aligncenter size-full wp-image-4746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\" alt=\"PREM SERVICE PROFITS 2 15112014\" width=\"462\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<strong>THE FUNDAMENTAL TRADERS OVERVIEW</strong>\r\n\r\n<strong> IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?</strong>\r\n\r\n&nbsp;\r\n\r\nI was going to write this week about the USD index and how important the recent trend line break above the 29-year trend line was. This trend line had held the USD (DXY) back from breaking out a couple of weeks ago, and now that it has been broken, I wanted to look at and document from my perspective what the ramifications would be on the markets given this move.\r\n\r\nYesterday (Friday) we had a false breakout. Therefore, my article can be held / kept in suspended animation so to speak for a week or maybe two.\r\n\r\nTherefore, I have decided to turn my focus towards Central Banks divergent policies and the fundamental effect that these divergences are having not just in the Forex market but also the ramifications for the broader markets as well.\r\n\r\nSo, is Central bank divergence good or bad for the Forex market?\r\n\r\nIn a one-word answer I believe the answer is <strong>YES</strong>. I do think that for the Forex market benefits from divergence between central banks. The reason for a definitive yes is because it gives us a direction in which we know that the market is supported by the central bank regulator.\r\n\r\nLooking at just the major central banks that are related to the USD major currency pairs: - FED, ECB, BOJ and BOE.\r\n\r\nI think that most people would agree that the financial crash of 2007-8 was a game changer for the financial markets. For the first time ever, the chain of events because of the inter-connectivity of markets was to witness a catastrophic, almost instantaneous reaction across all the continents.\r\n\r\nThe reaction of the Central banks when trying to pick up the pieces to calm the markets and create stability and credibility was different.\r\n\r\nThe FED, BOJ and BOE adopted basically a bond-buying programme to essentially keep liquidity flowing along with the printing presses churning out local currency like no-ones business. You may recall “Helicopter Ben” the pictures of Bernanke dropping wads of cash over Wall Street and Chicago. This was called QE (Quantitative Easing).\r\n\r\nThe BOE called it its Asset Purchase Facility. The BOJ are currently in a QE programme that dwarfs the FED programme that has just completed.\r\n\r\nBy contrast the ECB went down a different route to create growth, stability in the financial markets. The ECB used Austerity, which basically increased taxes, reduced public services and controlled markets by fiscal means through local EUROZONE governments supported by the ECB.\r\n\r\nFor six years, we basically knew that the FED in the U.S would support the equity markets. For six years we had a bull market… it is still grinding higher now, albeit more restrained following the completion of QE last month.\r\n\r\nBoth the FED and BOE now have economies that are moving out of the doldrums. The FED has stopped QE and the BOE is probably going to wait until after the Fed raises interest rates next year before copying\r\n\r\nThe BOJ is still easing, and in fact, is adding to its QE programme. I see no reason why the USD/JPY should not reach 120.00 or even beyond towards 124.00. (CHARTS LATER FOR PREMIUM SERVICE subscribers).\r\n\r\nThe ECB failed with Austerity. It may have created stability in the financial markets, but the cost has been zero consumer confidence and lack of economic growth in the EUROZONE, never mind the depression caused across the EUROZONE due to high taxation. In fact it’s so bad that there is DEFLATION in the EUROZONE. Now the ECB is under tremendous pressure from the markets to tackle the lack of growth, DEFLATION and high unemployment, to name but three things.\r\n\r\nSix years on the FED and BOE are removing liquidity and the BOJ and ECB are easing more. This is pure and simple central bank divergence\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThe FED is the biggest player in the financial markets by far. Fundamentally, this has to be at the back of your mind when placing trades. I will be giving my spin on limits later in the blog.\r\n\r\nWe must also bear in mind that Central Banks are like huge oil tankers, to stop and change direction takes time and distance. Central Bank monetary policies are usually in place within 2-3 year plans. This gives the markets directional guidance and stability. Uncertainty is the markets worst enemy along with FEAR and GREED. Therefore, when you examine central bank policy releases, they tend to use the same language and same timelines when discussing policy.\r\n\r\nThe simplest trades in play right now given central bank monetary policy are: - long the USD and short the JPY.\r\n\r\nBreaking it down even further.\r\n\r\nThe FED is about to raise rates, whilst the ECB is easing and about to ease some more.\r\n\r\nTherefore, the trade is short EUR/USD.\r\n\r\nThe FED is about to raise rates and the BOJ is adding even more asset purchases to its current QE programme.\r\n\r\nTherefore the trade would be long USD/JPY.\r\n\r\nIt is sometimes said that if you entered the two trades above today, switched off your computer and went back and looked again in 6 months time you should be smiling. I am not stating this is what you should do but if the central banks named (FED, BOJ and ECB) want to achieve their goals on monetary policy these trades should work and be profitable.\r\n\r\nEven with billions of local currencies involved to support and direct markets we know currencies do not move in a straight line, as we have seen over the past six years when the FED had QE in operation.\r\n\r\nWhat central bank divergence gives us as traders is basically a direction that the central bank wants to move in. From this viewpoint alone, it gives us a trading edge and every piece of the jigsaw that we have should be welcomed with open arms.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong><strong> </strong>\r\n\r\n&nbsp;\r\n\r\n5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> We closed the week on a fairly frantic move squeeze higher after U.S. data was released. The data was good. I think that the move may have been caused by a few large institutions being poorly positioned going into the weekend. I have no other explanation. I saw GOLD leap higher and spike. In any event we are where we are just above 1.2500. The big question that I have is - are we going to move higher, or do we move lower?. Only the early part of next week will confirm matters to me directionally. The early support and resistance levels that I will be focused on are 1.2465 and 1.2575.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5664</strong>. Up until mid-morning yesterday (Friday 14<sup>th</sup>), this pair looked like it had given up. It was trading so heavy after Carney’s BOE inflation report it looked like 1.5450 was on the cards in my books. The DXY squeeze elevated the pair back up to above 1.5650. Nevertheless a 200 pip move lower in the week has been recorded. My initial thoughts for next week are based around 1.5600 and 1.5700.\r\n\r\n<strong>AUD/USD: Closing Price 0.8741</strong>. This pair really squeezed on the DXY move. We closed just below 0.8750, which, for me is a bull / bear line in the sand. If on Sunday night / Monday morning in Europe we blast higher I think that a major retracement is on the cards. My initial levels to watch are therefore 0.8700 and 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7900</strong>. I have very similar thoughts with this pair as I do for the AUD/USD. I think that 0.7860 and 0.7930 are key levels for the early sessions this week.\r\n\r\n<strong>USD/CAD: Closing Price 1.1287.</strong> This pair has been my least favourite USD major pair of late. For me, it has just not performed as well as the other commodity pairs. The OIL price is going to influence the CAD moving forward. Continuing price pressure on Oil should see the CAD weaken. It has NOT really moved as far as I thought that it would have done. I was expecting to see 1.1600, but the pair has struggled with 1.1400. Now it looks like we could be looking at 1.1250 again once again. My initial levels to watch out for this week are 1.1250 support and 1.1340 resistance.\r\n\r\n<strong>USD/CHF: Closing Price 0.9589</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. Personally, I would avoid this pair like the plague until we see resolutions. If you feel that you must trade it be careful. Support is at 0.9540 and resistance 0.9620.\r\n\r\n<strong>USD/JPY: Closing Price 116.27. </strong>This pair did not suffer on the DXY squeeze as much as other pairs. I think that it is only a matter of time before we hit 120.00. Initial support this week is at 116.00 and resistance at 116.70.\r\n\r\n&nbsp;\r\n\r\n5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\nSUNDAY: NZD – Retail Sales.\r\nSUNDAY: JPY – Preliminary GDP.\r\n\r\nMONDAY: EUR – Mario Draghi Speaks.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – Glenn Stevens speaks.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment Figures.\r\n\r\nWEDNESDAY: BOJ – Monetary Policy Statement and Press Conference.\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: EUR – French and German Flash Manufacturing PMi.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – Core CPi.\r\n\r\nFRIDAY: EUR – Mario Draghi speaks.\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some great opportunities to trade coming up this week.\r\n\r\nI am cautious as you know, and after the reversal move on Friday, that came out of nowhere has me wondering are we going to see a continued move lower in the USD index (DXY) this week or will it stop and recover with its move back higher?\r\n\r\nThis coming week therefore, I will be trading small looking to add only as trades become established in the direction that I want. This is the sensible lower risk approach that I will be adopting. As I mentioned last week, fundamentally, nothing much has changed. We are dealing with technical and inter-market relationships that are moving specific pairs and this is pulling other pairs with it. The best example is the relationship between the USD and GOLD. On Friday as GOLD spiked off its lows of the day, it’s relationship with the USD came into play and USD sold off. We have to be conscious of many things as traders and this is a vital constituent.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 15th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering<strong> </strong>\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.','IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?','','publish','open','closed','','central-bank-divergence-good-bad-forex-trading','','','2014-11-15 12:58:08','2014-11-15 17:58:08','',0,'https://weeklyfxdrivethru.com/?p=4781',0,'post','',0),(4782,1,'2014-11-15 12:57:52','2014-11-15 17:57:52','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#129 - THE WEEKLY FX DRIVE THRU</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>15.11.2014</strong></span></p>\r\n<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThank goodness last week is now finished, completed and put to bed. I personally found it a very difficult week, but, I am not too sure why?\r\n\r\nI knew, and blogged in the DAILY FX POST on a couple of occasions, and, tweeted several times about the US dollar index (DXY) being in a consolidation mode working off some USD overbought conditions… and not to expect a USD continuation of the recent move, in fact, that we would consolidate if not pullback.\r\n\r\nBeing honest, I think that I was trying to force trades, pick tops and pick bottoms on most occasions, struggling to find the best price, then hurriedly exiting trades with small pip gains. Basically, I fell foul of the disciplines in trading that I hold and value. I have severely beaten myself over the head about this and it will not happen again!!\r\n\r\nI added some profits to my account, in fact on Friday (yesterday), I added some great scalping trade profits to my broker accounts. Despite a little bit of personal negativity, the PREMIUM SERVICE performance rose again, albeit very modestly based off recent weeks. The way I look at it… a gain is a gain. So, in spite of a lack of trading discipline I still added funds to my broker account balances.\r\n\r\nThe big news item last week was the USD breakout rejection on Friday. A classic failure, which, I strongly suspect, would have created many losses for institutional and private traders. The USD squeeze was strong and almost instant and it was across the board.\r\n\r\nThe U.S. retail sale numbers were great, plus there were good consumer sentiment numbers. Gold spiked off lows of the day and that was it, the USD was taken to woodshed. The EUR/USD squeezed from 1.2400 to 1.2540, 140 pips in a very short time frame.\r\n\r\nThe result was, nice scalping $$$ for me, and a substantial move in most pairs, in fact many pairs that were over-sold are probably going to look over-bought soon. There should be some great trading opportunities after the dust settles. We will have some nice opportunities with the cross-rates soon and for the PREMIUM SERVICE subscribers these pairs, plus many others with set-ups and their charts are in section 4 later in this blog.\r\n\r\nOne pair that I have not traded recently (in fact, for quite a long, long time) is the USD/JPY. I have only really tackled this pair as a scalping 15-30 pip trade along with the other JPY pairs. It seems only a week or so ago, in fact it was…. That the USD/JPY was trading at 105.00. Blink, we are now at 116.00. I will be trying to place some “skin” in the market on JPY pairs next week.\r\n\r\nA couple of PREMIUM SERVICE subscribers have asked me why I am running scared of the JPY.\r\n\r\nAbout four years ago, I was caught across a multiple JPY trade that went off in the wrong direction. I had one trade to complete with a stop and limit, when at the same moment as trying to place this my Internet connection failed. If I recall correctly 3 trades ran down to stops, which by itself was quite a big loss, but the 4<sup>th</sup> that I was unable to load a stop into ran, ran and ran… need I say more.\r\n\r\nI now automatically enter trades with a pre-determined stop and limit built in, that I adjust as soon as I can. This is why RISK TOLERANCES, RISK MANAGEMENT, POSITION SIZING, TRADE PLANS etc.; are all so important to me and why the EDUCATION section of the PREMIUM SERVICE website continues to grow. The more articles that I can place there with relevant experiences the better. PLACING STOPS needs to be instant and is crucial to trading success and longevity.\r\n\r\nTherefore, this is why I am a reluctant JPY trader.\r\n\r\nLooking forward; my fundamental trading ideas moving forward are still intact. I still have my “<strong>PLAN A”</strong> on the table. It is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.\r\n\r\nI am just conscious of the fact that the squeeze lower in the DXY may have legs that could take currencies well out of the current trading ranges.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE: </span>\r\n\r\n</strong></li>\r\n</ol>\r\n<strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong>\r\n\r\n<strong>YEAR TO DATE TRADING SUMMARIES:</strong>\r\n\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\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nThe past week, even by my own standards was a quiet PREMIUM SERVICE trading week. I had indicated that it would be slower, as the USD took a breath and consolidated its recent trend line breaking moves.\r\n\r\nI believe that I was guilty of maybe trying to force a few trades, however, profits were still added to the PREMIUM SERVICE and I took trades off the table in line with my beliefs.\r\n\r\nA typical example of this was on Friday (yesterday) after great Retail Sales numbers from the U.S. the USD strengthened. After initial strength the DXY stalled. This tells me something is NOT correct so I advised PREMIUM SERVICE subscribers what I was going to do. I tweeted about it and I took USD longs off the table 1 hour before we saw a failed USD breakout.\r\n\r\nI am a cautious trader. The PREMIUM SERVICE will make money, you just have to be patient and pick the correct trades at the right time.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 28\r\n\r\nPROFITABLE TRADES                   = 23 (82% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 5 (18% failed trades)\r\n\r\nI am very comfortable with my trade ratios.\r\n\r\n&nbsp;\r\n\r\n2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots would have traded 462 trades at a cost of $46.20 and earned from those trades $1,002.30. (This example is based on single lot trades)\r\n\r\nIf you had traded 3 x MICRO lot trades at a time your cost to trade would have been $138.60 ($46.20 x 3) and from those trades you would have earned $3,006.90 ($1002,30 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots would have traded 462 trades at a cost of $462.00 and earned from those trades $10,023.00. (This example is based on single lot trades)\r\n\r\nIf you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,386.00 ($462.00 x 3) and from those trades you would have earned $30,06.90 ($10,023.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots would have traded 462 trades at a cost of $4,620.00 and earned from those trades $100,240.00. (This example is based on single lot trades)\r\n\r\nIf you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $13,860.00 ($4,620.00 x 3) and from those trades you would have earned $300,720.00 ($100,240.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANAGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n2.5 FX BROKERS:\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n2.6 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/2014/11/PREM-SERVICE-PROFITS1-15112014.png\"><img class=\"aligncenter size-full wp-image-4745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-15112014.png\" alt=\"PREM SERVICE PROFITS1 15112014\" width=\"450\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\"><img class=\"aligncenter size-full wp-image-4746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\" alt=\"PREM SERVICE PROFITS 2 15112014\" width=\"462\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<strong>THE FUNDAMENTAL TRADERS OVERVIEW</strong>\r\n\r\n<strong> IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?</strong>\r\n\r\n&nbsp;\r\n\r\nI was going to write this week about the USD index and how important the recent trend line break above the 29-year trend line was. This trend line had held the USD (DXY) back from breaking out a couple of weeks ago, and now that it has been broken, I wanted to look at and document from my perspective what the ramifications would be on the markets given this move.\r\n\r\nYesterday (Friday) we had a false breakout. Therefore, my article can be held / kept in suspended animation so to speak for a week or maybe two.\r\n\r\nTherefore, I have decided to turn my focus towards Central Banks divergent policies and the fundamental effect that these divergences are having not just in the Forex market but also the ramifications for the broader markets as well.\r\n\r\nSo, is Central bank divergence good or bad for the Forex market?\r\n\r\nIn a one-word answer I believe the answer is <strong>YES</strong>. I do think that for the Forex market benefits from divergence between central banks. The reason for a definitive yes is because it gives us a direction in which we know that the market is supported by the central bank regulator.\r\n\r\nLooking at just the major central banks that are related to the USD major currency pairs: - FED, ECB, BOJ and BOE.\r\n\r\nI think that most people would agree that the financial crash of 2007-8 was a game changer for the financial markets. For the first time ever, the chain of events because of the inter-connectivity of markets was to witness a catastrophic, almost instantaneous reaction across all the continents.\r\n\r\nThe reaction of the Central banks when trying to pick up the pieces to calm the markets and create stability and credibility was different.\r\n\r\nThe FED, BOJ and BOE adopted basically a bond-buying programme to essentially keep liquidity flowing along with the printing presses churning out local currency like no-ones business. You may recall “Helicopter Ben” the pictures of Bernanke dropping wads of cash over Wall Street and Chicago. This was called QE (Quantitative Easing).\r\n\r\nThe BOE called it its Asset Purchase Facility. The BOJ are currently in a QE programme that dwarfs the FED programme that has just completed.\r\n\r\nBy contrast the ECB went down a different route to create growth, stability in the financial markets. The ECB used Austerity, which basically increased taxes, reduced public services and controlled markets by fiscal means through local EUROZONE governments supported by the ECB.\r\n\r\nFor six years, we basically knew that the FED in the U.S would support the equity markets. For six years we had a bull market… it is still grinding higher now, albeit more restrained following the completion of QE last month.\r\n\r\nBoth the FED and BOE now have economies that are moving out of the doldrums. The FED has stopped QE and the BOE is probably going to wait until after the Fed raises interest rates next year before copying\r\n\r\nThe BOJ is still easing, and in fact, is adding to its QE programme. I see no reason why the USD/JPY should not reach 120.00 or even beyond towards 124.00. (CHARTS LATER FOR PREMIUM SERVICE subscribers).\r\n\r\nThe ECB failed with Austerity. It may have created stability in the financial markets, but the cost has been zero consumer confidence and lack of economic growth in the EUROZONE, never mind the depression caused across the EUROZONE due to high taxation. In fact it’s so bad that there is DEFLATION in the EUROZONE. Now the ECB is under tremendous pressure from the markets to tackle the lack of growth, DEFLATION and high unemployment, to name but three things.\r\n\r\nSix years on the FED and BOE are removing liquidity and the BOJ and ECB are easing more. This is pure and simple central bank divergence\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThe FED is the biggest player in the financial markets by far. Fundamentally, this has to be at the back of your mind when placing trades. I will be giving my spin on limits later in the blog.\r\n\r\nWe must also bear in mind that Central Banks are like huge oil tankers, to stop and change direction takes time and distance. Central Bank monetary policies are usually in place within 2-3 year plans. This gives the markets directional guidance and stability. Uncertainty is the markets worst enemy along with FEAR and GREED. Therefore, when you examine central bank policy releases, they tend to use the same language and same timelines when discussing policy.\r\n\r\nThe simplest trades in play right now given central bank monetary policy are: - long the USD and short the JPY.\r\n\r\nBreaking it down even further.\r\n\r\nThe FED is about to raise rates, whilst the ECB is easing and about to ease some more.\r\n\r\nTherefore, the trade is short EUR/USD.\r\n\r\nThe FED is about to raise rates and the BOJ is adding even more asset purchases to its current QE programme.\r\n\r\nTherefore the trade would be long USD/JPY.\r\n\r\nIt is sometimes said that if you entered the two trades above today, switched off your computer and went back and looked again in 6 months time you should be smiling. I am not stating this is what you should do but if the central banks named (FED, BOJ and ECB) want to achieve their goals on monetary policy these trades should work and be profitable.\r\n\r\nEven with billions of local currencies involved to support and direct markets we know currencies do not move in a straight line, as we have seen over the past six years when the FED had QE in operation.\r\n\r\nWhat central bank divergence gives us as traders is basically a direction that the central bank wants to move in. From this viewpoint alone, it gives us a trading edge and every piece of the jigsaw that we have should be welcomed with open arms.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong><strong> </strong>\r\n\r\n&nbsp;\r\n\r\n5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> We closed the week on a fairly frantic move squeeze higher after U.S. data was released. The data was good. I think that the move may have been caused by a few large institutions being poorly positioned going into the weekend. I have no other explanation. I saw GOLD leap higher and spike. In any event we are where we are just above 1.2500. The big question that I have is - are we going to move higher, or do we move lower?. Only the early part of next week will confirm matters to me directionally. The early support and resistance levels that I will be focused on are 1.2465 and 1.2575.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5664</strong>. Up until mid-morning yesterday (Friday 14<sup>th</sup>), this pair looked like it had given up. It was trading so heavy after Carney’s BOE inflation report it looked like 1.5450 was on the cards in my books. The DXY squeeze elevated the pair back up to above 1.5650. Nevertheless a 200 pip move lower in the week has been recorded. My initial thoughts for next week are based around 1.5600 and 1.5700.\r\n\r\n<strong>AUD/USD: Closing Price 0.8741</strong>. This pair really squeezed on the DXY move. We closed just below 0.8750, which, for me is a bull / bear line in the sand. If on Sunday night / Monday morning in Europe we blast higher I think that a major retracement is on the cards. My initial levels to watch are therefore 0.8700 and 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7900</strong>. I have very similar thoughts with this pair as I do for the AUD/USD. I think that 0.7860 and 0.7930 are key levels for the early sessions this week.\r\n\r\n<strong>USD/CAD: Closing Price 1.1287.</strong> This pair has been my least favourite USD major pair of late. For me, it has just not performed as well as the other commodity pairs. The OIL price is going to influence the CAD moving forward. Continuing price pressure on Oil should see the CAD weaken. It has NOT really moved as far as I thought that it would have done. I was expecting to see 1.1600, but the pair has struggled with 1.1400. Now it looks like we could be looking at 1.1250 again once again. My initial levels to watch out for this week are 1.1250 support and 1.1340 resistance.\r\n\r\n<strong>USD/CHF: Closing Price 0.9589</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. Personally, I would avoid this pair like the plague until we see resolutions. If you feel that you must trade it be careful. Support is at 0.9540 and resistance 0.9620.\r\n\r\n<strong>USD/JPY: Closing Price 116.27. </strong>This pair did not suffer on the DXY squeeze as much as other pairs. I think that it is only a matter of time before we hit 120.00. Initial support this week is at 116.00 and resistance at 116.70.\r\n\r\n&nbsp;\r\n\r\n5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\nSUNDAY: NZD – Retail Sales.\r\nSUNDAY: JPY – Preliminary GDP.\r\n\r\nMONDAY: EUR – Mario Draghi Speaks.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – Glenn Stevens speaks.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment Figures.\r\n\r\nWEDNESDAY: BOJ – Monetary Policy Statement and Press Conference.\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: EUR – French and German Flash Manufacturing PMi.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – Core CPi.\r\n\r\nFRIDAY: EUR – Mario Draghi speaks.\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some great opportunities to trade coming up this week.\r\n\r\nI am cautious as you know, and after the reversal move on Friday, that came out of nowhere has me wondering are we going to see a continued move lower in the USD index (DXY) this week or will it stop and recover with its move back higher?\r\n\r\nThis coming week therefore, I will be trading small looking to add only as trades become established in the direction that I want. This is the sensible lower risk approach that I will be adopting. As I mentioned last week, fundamentally, nothing much has changed. We are dealing with technical and inter-market relationships that are moving specific pairs and this is pulling other pairs with it. The best example is the relationship between the USD and GOLD. On Friday as GOLD spiked off its lows of the day, it’s relationship with the USD came into play and USD sold off. We have to be conscious of many things as traders and this is a vital constituent.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 15th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering<strong> </strong>\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.','IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?','','inherit','open','closed','','4781-revision-v1','','','2014-11-15 12:57:52','2014-11-15 17:57:52','',4781,'https://weeklyfxdrivethru.com/4781-revision-v1/',0,'revision','',0),(4783,1,'2014-11-15 12:58:08','2014-11-15 17:58:08','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#129 - THE WEEKLY FX DRIVE THRU</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>15.11.2014</strong></span></p>\r\n<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThank goodness last week is now finished, completed and put to bed. I personally found it a very difficult week, but, I am not too sure why?\r\n\r\nI knew, and blogged in the DAILY FX POST on a couple of occasions, and, tweeted several times about the US dollar index (DXY) being in a consolidation mode working off some USD overbought conditions… and not to expect a USD continuation of the recent move, in fact, that we would consolidate if not pullback.\r\n\r\nBeing honest, I think that I was trying to force trades, pick tops and pick bottoms on most occasions, struggling to find the best price, then hurriedly exiting trades with small pip gains. Basically, I fell foul of the disciplines in trading that I hold and value. I have severely beaten myself over the head about this and it will not happen again!!\r\n\r\nI added some profits to my account, in fact on Friday (yesterday), I added some great scalping trade profits to my broker accounts. Despite a little bit of personal negativity, the PREMIUM SERVICE performance rose again, albeit very modestly based off recent weeks. The way I look at it… a gain is a gain. So, in spite of a lack of trading discipline I still added funds to my broker account balances.\r\n\r\nThe big news item last week was the USD breakout rejection on Friday. A classic failure, which, I strongly suspect, would have created many losses for institutional and private traders. The USD squeeze was strong and almost instant and it was across the board.\r\n\r\nThe U.S. retail sale numbers were great, plus there were good consumer sentiment numbers. Gold spiked off lows of the day and that was it, the USD was taken to woodshed. The EUR/USD squeezed from 1.2400 to 1.2540, 140 pips in a very short time frame.\r\n\r\nThe result was, nice scalping $$$ for me, and a substantial move in most pairs, in fact many pairs that were over-sold are probably going to look over-bought soon. There should be some great trading opportunities after the dust settles. We will have some nice opportunities with the cross-rates soon and for the PREMIUM SERVICE subscribers these pairs, plus many others with set-ups and their charts are in section 4 later in this blog.\r\n\r\nOne pair that I have not traded recently (in fact, for quite a long, long time) is the USD/JPY. I have only really tackled this pair as a scalping 15-30 pip trade along with the other JPY pairs. It seems only a week or so ago, in fact it was…. That the USD/JPY was trading at 105.00. Blink, we are now at 116.00. I will be trying to place some “skin” in the market on JPY pairs next week.\r\n\r\nA couple of PREMIUM SERVICE subscribers have asked me why I am running scared of the JPY.\r\n\r\nAbout four years ago, I was caught across a multiple JPY trade that went off in the wrong direction. I had one trade to complete with a stop and limit, when at the same moment as trying to place this my Internet connection failed. If I recall correctly 3 trades ran down to stops, which by itself was quite a big loss, but the 4<sup>th</sup> that I was unable to load a stop into ran, ran and ran… need I say more.\r\n\r\nI now automatically enter trades with a pre-determined stop and limit built in, that I adjust as soon as I can. This is why RISK TOLERANCES, RISK MANAGEMENT, POSITION SIZING, TRADE PLANS etc.; are all so important to me and why the EDUCATION section of the PREMIUM SERVICE website continues to grow. The more articles that I can place there with relevant experiences the better. PLACING STOPS needs to be instant and is crucial to trading success and longevity.\r\n\r\nTherefore, this is why I am a reluctant JPY trader.\r\n\r\nLooking forward; my fundamental trading ideas moving forward are still intact. I still have my “<strong>PLAN A”</strong> on the table. It is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.\r\n\r\nI am just conscious of the fact that the squeeze lower in the DXY may have legs that could take currencies well out of the current trading ranges.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE: </span></strong>&nbsp;</li>\r\n</ol>\r\n<strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong>\r\n\r\n<strong>YEAR TO DATE TRADING SUMMARIES:</strong>\r\n\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\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nThe past week, even by my own standards was a quiet PREMIUM SERVICE trading week. I had indicated that it would be slower, as the USD took a breath and consolidated its recent trend line breaking moves.\r\n\r\nI believe that I was guilty of maybe trying to force a few trades, however, profits were still added to the PREMIUM SERVICE and I took trades off the table in line with my beliefs.\r\n\r\nA typical example of this was on Friday (yesterday) after great Retail Sales numbers from the U.S. the USD strengthened. After initial strength the DXY stalled. This tells me something is NOT correct so I advised PREMIUM SERVICE subscribers what I was going to do. I tweeted about it and I took USD longs off the table 1 hour before we saw a failed USD breakout.\r\n\r\nI am a cautious trader. The PREMIUM SERVICE will make money, you just have to be patient and pick the correct trades at the right time.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 28\r\n\r\nPROFITABLE TRADES                   = 23 (82% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 5 (18% failed trades)\r\n\r\nI am very comfortable with my trade ratios.\r\n\r\n&nbsp;\r\n\r\n2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots would have traded 462 trades at a cost of $46.20 and earned from those trades $1,002.30. (This exampleis based on single lot trades)If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $138.60 ($46.20 x 3) and from those trades you would have earned $3,006.90 ($1002,30 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots would have traded 462 trades at a cost of $462.00 and earned from those trades $10,023.00. (This exampleis based on single lot trades)If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,386.00 ($462.00 x 3) and from those trades you would have earned $30,06.90 ($10,023.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots would have traded 462 trades at a cost of $4,620.00 and earned from those trades $100,240.00. (This exampleis based on single lot trades)If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $13,860.00 ($4,620.00 x 3) and from those trades you would have earned $300,720.00 ($100,240.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANAGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n2.5 FX BROKERS:\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n2.6 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/2014/11/PREM-SERVICE-PROFITS1-15112014.png\"><img class=\"aligncenter size-full wp-image-4745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-15112014.png\" alt=\"PREM SERVICE PROFITS1 15112014\" width=\"450\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\"><img class=\"aligncenter size-full wp-image-4746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS-2-15112014.png\" alt=\"PREM SERVICE PROFITS 2 15112014\" width=\"462\" height=\"435\" /></a>\r\n\r\n&nbsp;\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<strong>THE FUNDAMENTAL TRADERS OVERVIEW</strong>\r\n\r\n<strong> IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?</strong>\r\n\r\n&nbsp;\r\n\r\nI was going to write this week about the USD index and how important the recent trend line break above the 29-year trend line was. This trend line had held the USD (DXY) back from breaking out a couple of weeks ago, and now that it has been broken, I wanted to look at and document from my perspective what the ramifications would be on the markets given this move.\r\n\r\nYesterday (Friday) we had a false breakout. Therefore, my article can be held / kept in suspended animation so to speak for a week or maybe two.\r\n\r\nTherefore, I have decided to turn my focus towards Central Banks divergent policies and the fundamental effect that these divergences are having not just in the Forex market but also the ramifications for the broader markets as well.\r\n\r\nSo, is Central bank divergence good or bad for the Forex market?\r\n\r\nIn a one-word answer I believe the answer is <strong>YES</strong>. I do think that for the Forex market benefits from divergence between central banks. The reason for a definitive yes is because it gives us a direction in which we know that the market is supported by the central bank regulator.\r\n\r\nLooking at just the major central banks that are related to the USD major currency pairs: - FED, ECB, BOJ and BOE.\r\n\r\nI think that most people would agree that the financial crash of 2007-8 was a game changer for the financial markets. For the first time ever, the chain of events because of the inter-connectivity of markets was to witness a catastrophic, almost instantaneous reaction across all the continents.\r\n\r\nThe reaction of the Central banks when trying to pick up the pieces to calm the markets and create stability and credibility was different.\r\n\r\nThe FED, BOJ and BOE adopted basically a bond-buying programme to essentially keep liquidity flowing along with the printing presses churning out local currency like no-ones business. You may recall “Helicopter Ben” the pictures of Bernanke dropping wads of cash over Wall Street and Chicago. This was called QE (Quantitative Easing).\r\n\r\nThe BOE called it its Asset Purchase Facility. The BOJ are currently in a QE programme that dwarfs the FED programme that has just completed.\r\n\r\nBy contrast the ECB went down a different route to create growth, stability in the financial markets. The ECB used Austerity, which basically increased taxes, reduced public services and controlled markets by fiscal means through local EUROZONE governments supported by the ECB.\r\n\r\nFor six years, we basically knew that the FED in the U.S would support the equity markets. For six years we had a bull market… it is still grinding higher now, albeit more restrained following the completion of QE last month.\r\n\r\nBoth the FED and BOE now have economies that are moving out of the doldrums. The FED has stopped QE and the BOE is probably going to wait until after the Fed raises interest rates next year before copying\r\n\r\nThe BOJ is still easing, and in fact, is adding to its QE programme. I see no reason why the USD/JPY should not reach 120.00 or even beyond towards 124.00. (CHARTS LATER FOR PREMIUM SERVICE subscribers).\r\n\r\nThe ECB failed with Austerity. It may have created stability in the financial markets, but the cost has been zero consumer confidence and lack of economic growth in the EUROZONE, never mind the depression caused across the EUROZONE due to high taxation. In fact it’s so bad that there is DEFLATION in the EUROZONE. Now the ECB is under tremendous pressure from the markets to tackle the lack of growth, DEFLATION and high unemployment, to name but three things.\r\n\r\nSix years on the FED and BOE are removing liquidity and the BOJ and ECB are easing more. This is pure and simple central bank divergence\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThe FED is the biggest player in the financial markets by far. Fundamentally, this has to be at the back of your mind when placing trades. I will be giving my spin on limits later in the blog.\r\n\r\nWe must also bear in mind that Central Banks are like huge oil tankers, to stop and change direction takes time and distance. Central Bank monetary policies are usually in place within 2-3 year plans. This gives the markets directional guidance and stability. Uncertainty is the markets worst enemy along with FEAR and GREED. Therefore, when you examine central bank policy releases, they tend to use the same language and same timelines when discussing policy.\r\n\r\nThe simplest trades in play right now given central bank monetary policy are: - long the USD and short the JPY.\r\n\r\nBreaking it down even further.\r\n\r\nThe FED is about to raise rates, whilst the ECB is easing and about to ease some more.\r\n\r\nTherefore, the trade is short EUR/USD.\r\n\r\nThe FED is about to raise rates and the BOJ is adding even more asset purchases to its current QE programme.\r\n\r\nTherefore the trade would be long USD/JPY.\r\n\r\nIt is sometimes said that if you entered the two trades above today, switched off your computer and went back and looked again in 6 months time you should be smiling. I am not stating this is what you should do but if the central banks named (FED, BOJ and ECB) want to achieve their goals on monetary policy these trades should work and be profitable.\r\n\r\nEven with billions of local currencies involved to support and direct markets we know currencies do not move in a straight line, as we have seen over the past six years when the FED had QE in operation.\r\n\r\nWhat central bank divergence gives us as traders is basically a direction that the central bank wants to move in. From this viewpoint alone, it gives us a trading edge and every piece of the jigsaw that we have should be welcomed with open arms.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong><strong> </strong>\r\n\r\n&nbsp;\r\n\r\n5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> We closed the week on a fairly frantic move squeeze higher after U.S. data was released. The data was good. I think that the move may have been caused by a few large institutions being poorly positioned going into the weekend. I have no other explanation. I saw GOLD leap higher and spike. In any event we are where we are just above 1.2500. The big question that I have is - are we going to move higher, or do we move lower?. Only the early part of next week will confirm matters to me directionally. The early support and resistance levels that I will be focused on are 1.2465 and 1.2575.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5664</strong>. Up until mid-morning yesterday (Friday 14<sup>th</sup>), this pair looked like it had given up. It was trading so heavy after Carney’s BOE inflation report it looked like 1.5450 was on the cards in my books. The DXY squeeze elevated the pair back up to above 1.5650. Nevertheless a 200 pip move lower in the week has been recorded. My initial thoughts for next week are based around 1.5600 and 1.5700.\r\n\r\n<strong>AUD/USD: Closing Price 0.8741</strong>. This pair really squeezed on the DXY move. We closed just below 0.8750, which, for me is a bull / bear line in the sand. If on Sunday night / Monday morning in Europe we blast higher I think that a major retracement is on the cards. My initial levels to watch are therefore 0.8700 and 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7900</strong>. I have very similar thoughts with this pair as I do for the AUD/USD. I think that 0.7860 and 0.7930 are key levels for the early sessions this week.\r\n\r\n<strong>USD/CAD: Closing Price 1.1287.</strong> This pair has been my least favourite USD major pair of late. For me, it has just not performed as well as the other commodity pairs. The OIL price is going to influence the CAD moving forward. Continuing price pressure on Oil should see the CAD weaken. It has NOT really moved as far as I thought that it would have done. I was expecting to see 1.1600, but the pair has struggled with 1.1400. Now it looks like we could be looking at 1.1250 again once again. My initial levels to watch out for this week are 1.1250 support and 1.1340 resistance.\r\n\r\n<strong>USD/CHF: Closing Price 0.9589</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. Personally, I would avoid this pair like the plague until we see resolutions. If you feel that you must trade it be careful. Support is at 0.9540 and resistance 0.9620.\r\n\r\n<strong>USD/JPY: Closing Price 116.27. </strong>This pair did not suffer on the DXY squeeze as much as other pairs. I think that it is only a matter of time before we hit 120.00. Initial support this week is at 116.00 and resistance at 116.70.\r\n\r\n&nbsp;\r\n\r\n5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\nSUNDAY: NZD – Retail Sales.\r\nSUNDAY: JPY – Preliminary GDP.\r\n\r\nMONDAY: EUR – Mario Draghi Speaks.\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – Glenn Stevens speaks.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: EUR – German ZEW Economic Sentiment Figures.\r\n\r\nWEDNESDAY: BOJ – Monetary Policy Statement and Press Conference.\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: EUR – French and German Flash Manufacturing PMi.\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: USD – Core CPi.\r\n\r\nFRIDAY: EUR – Mario Draghi speaks.\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere are some great opportunities to trade coming up this week.\r\n\r\nI am cautious as you know, and after the reversal move on Friday, that came out of nowhere has me wondering are we going to see a continued move lower in the USD index (DXY) this week or will it stop and recover with its move back higher?\r\n\r\nThis coming week therefore, I will be trading small looking to add only as trades become established in the direction that I want. This is the sensible lower risk approach that I will be adopting. As I mentioned last week, fundamentally, nothing much has changed. We are dealing with technical and inter-market relationships that are moving specific pairs and this is pulling other pairs with it. The best example is the relationship between the USD and GOLD. On Friday as GOLD spiked off its lows of the day, it’s relationship with the USD came into play and USD sold off. We have to be conscious of many things as traders and this is a vital constituent.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 15th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering<strong> </strong>\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.','IS CENTRAL BANK DIVERGENCE – GOOD OR BAD FOR FOREX TRADING?','','inherit','open','closed','','4781-revision-v1','','','2014-11-15 12:58:08','2014-11-15 17:58:08','',4781,'https://weeklyfxdrivethru.com/4781-revision-v1/',0,'revision','',0),(4787,1,'2014-11-18 07:44:04','2014-11-18 12:44:04','<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 18th November 2014\r\nREF: #128</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility overnight emanating from the AUD and JPY. In addition, from early Asia last night the USD (DXY) weakened.\r\n\r\nFirstly, the AUD Monetary Policy Meeting Minutes were released and no reaction was seen, in my opinion. About 3 hours ago, Stevens was speaking and he took the AUD to the cleaners, jawboning it lower. He took about 70 pips off the AUD/USD from just below 0.8750 to sub 0.8700 fairly quickly.\r\n\r\nMeanwhile, Abe delayed the Japanese sales tax increase and dissolved his parliament to hold a fresh election in December to hopefully gather a voter mandate. Observing from the side, it looked like a buy the rumour and sell the news event.\r\n\r\nGold is well up as the Japanese situation is creating uncertainty and this in itself is adding to USD weakness. The Nikkei is up a lot and European bourses are also up.\r\n\r\nAt this stage I would say that the USD might be on the back foot today. But don\'t bank on that.\r\n\r\nFundamentally, nothing much has changed, but the Forex markets I think are a little punch drunk on news events.\r\n\r\nFrom where I am sitting, it looks like every time some positive news is received it is greeted with open arms, pats on the back and a series of high fives for good measure. I just do not but this.\r\n\r\nWe have to be very patient, tolerant and only add to existing positions if you can cost average, or add additional trades once the move that you are anticipating begins to bear fruit. About two months ago we had a similar period when we bounced around in a range for a week or so. I think that we are repeating again.\r\n\r\nI have a series of charts and trades in my “to do” folder but these are in mainly risk off trades and we are certainly not there yet.\r\n\r\nThe LIVE trades in play at the moment, I am comfortable with all of them in the medium and long-term fundamentally. The only exemption is the EUR/CHF, which, I would call speculative. Not my normal type of trade of all but the risk / reward looks good… providing SNB Jordan steps in to support the peg / floor at 1.2000.\r\n\r\nTherefore, I am thinking that we are in for a day or two of consolidation. The FOMC minutes are released tomorrow, and whilst, I am not expecting anything new or dramatic that we have not heard before, of late, the market seems to go on hold for anything FED. Do not therefore be surprised to see volatility slow down.\r\n\r\nWe may have to sit in +30 to -30 pip ranges. If you cannot stomach this consolidation behavior take the profits off the table as they happen and re-enter later in a couple of days.\r\n\r\nIf you follow me you will know that I place a huge amount of reliance on RISK MANAGEMENT and RISK TOLERANCES via POSITION SIZING trades thoroughly before placing an entry.\r\n\r\nFor me I am not happy in the sense that would rather seen green over red on my broker accounts but fully expect trades to roll down and up. If I am not happy, I will tweet a trade closed.\r\n\r\nBe careful today, do not expect too much from the market from now, I think the excitement is over and consolidation will be seen from now on until the U.S. close.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - PPi.\r\nJPY: - Monetary Policy Statement and BOJ Press Conference.\r\n\r\n\r\nGBP: - MPC votes.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT214\r\nGBP/NZD\r\nLong at 1.9720\r\nStop at 1.9000\r\nLimit at 2.0600\r\nPrice now 1.7974\r\nCurrent Profit / Loss Position -46 pips\r\n(NOTE: this pair will be hedged from -100 pips due to its volatile nature)\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9540\r\nLimit at 0.9750\r\nPrice now 0.9602\r\nCurrent Profit / Loss Position -28 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2010\r\nCurrent Profit / Loss Position -30 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.7968\r\nCurrent Profit / Loss Position -552 pips\r\n(This trade is hedged from -100 pips)\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2580\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2507\r\nCurrent Profit / Loss Position +3 pips\r\n\r\nFUN69\r\nNZD/USD\r\nShort at 0.7940\r\nStop at 0.8020\r\nLimit at 0.7000\r\nPrice now 0.7956\r\nCurrent Profit / Loss Position -16 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT215\r\nGBP/USD\r\nShort at 1.5700\r\nStop at 1.5760\r\nLimit at 1.5240\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8750\r\nStop at 0.8850\r\nLimit at 0.8000\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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: premiumservice@weeklyfxdrivethru.com\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.','#128 - THE DAILY FX POST, Tuesday 18th November 2014.','','publish','open','closed','','128-daily-fx-post-tuesday-18th-november-2014','','','2014-11-18 07:44:04','2014-11-18 12:44:04','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4787',0,'member_posts','',0),(4788,1,'2014-11-18 07:44:04','2014-11-18 12:44:04','<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 18th November 2014\r\nREF: #128</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility overnight emanating from the AUD and JPY. In addition, from early Asia last night the USD (DXY) weakened.\r\n\r\nFirstly, the AUD Monetary Policy Meeting Minutes were released and no reaction was seen, in my opinion. About 3 hours ago, Stevens was speaking and he took the AUD to the cleaners, jawboning it lower. He took about 70 pips off the AUD/USD from just below 0.8750 to sub 0.8700 fairly quickly.\r\n\r\nMeanwhile, Abe delayed the Japanese sales tax increase and dissolved his parliament to hold a fresh election in December to hopefully gather a voter mandate. Observing from the side, it looked like a buy the rumour and sell the news event.\r\n\r\nGold is well up as the Japanese situation is creating uncertainty and this in itself is adding to USD weakness. The Nikkei is up a lot and European bourses are also up.\r\n\r\nAt this stage I would say that the USD might be on the back foot today. But don\'t bank on that.\r\n\r\nFundamentally, nothing much has changed, but the Forex markets I think are a little punch drunk on news events.\r\n\r\nFrom where I am sitting, it looks like every time some positive news is received it is greeted with open arms, pats on the back and a series of high fives for good measure. I just do not but this.\r\n\r\nWe have to be very patient, tolerant and only add to existing positions if you can cost average, or add additional trades once the move that you are anticipating begins to bear fruit. About two months ago we had a similar period when we bounced around in a range for a week or so. I think that we are repeating again.\r\n\r\nI have a series of charts and trades in my “to do” folder but these are in mainly risk off trades and we are certainly not there yet.\r\n\r\nThe LIVE trades in play at the moment, I am comfortable with all of them in the medium and long-term fundamentally. The only exemption is the EUR/CHF, which, I would call speculative. Not my normal type of trade of all but the risk / reward looks good… providing SNB Jordan steps in to support the peg / floor at 1.2000.\r\n\r\nTherefore, I am thinking that we are in for a day or two of consolidation. The FOMC minutes are released tomorrow, and whilst, I am not expecting anything new or dramatic that we have not heard before, of late, the market seems to go on hold for anything FED. Do not therefore be surprised to see volatility slow down.\r\n\r\nWe may have to sit in +30 to -30 pip ranges. If you cannot stomach this consolidation behavior take the profits off the table as they happen and re-enter later in a couple of days.\r\n\r\nIf you follow me you will know that I place a huge amount of reliance on RISK MANAGEMENT and RISK TOLERANCES via POSITION SIZING trades thoroughly before placing an entry.\r\n\r\nFor me I am not happy in the sense that would rather seen green over red on my broker accounts but fully expect trades to roll down and up. If I am not happy, I will tweet a trade closed.\r\n\r\nBe careful today, do not expect too much from the market from now, I think the excitement is over and consolidation will be seen from now on until the U.S. close.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - PPi.\r\nJPY: - Monetary Policy Statement and BOJ Press Conference.\r\n\r\n\r\nGBP: - MPC votes.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT214\r\nGBP/NZD\r\nLong at 1.9720\r\nStop at 1.9000\r\nLimit at 2.0600\r\nPrice now 1.7974\r\nCurrent Profit / Loss Position -46 pips\r\n(NOTE: this pair will be hedged from -100 pips due to its volatile nature)\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9540\r\nLimit at 0.9750\r\nPrice now 0.9602\r\nCurrent Profit / Loss Position -28 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2010\r\nCurrent Profit / Loss Position -30 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.7968\r\nCurrent Profit / Loss Position -552 pips\r\n(This trade is hedged from -100 pips)\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2580\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2507\r\nCurrent Profit / Loss Position +3 pips\r\n\r\nFUN69\r\nNZD/USD\r\nShort at 0.7940\r\nStop at 0.8020\r\nLimit at 0.7000\r\nPrice now 0.7956\r\nCurrent Profit / Loss Position -16 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT215\r\nGBP/USD\r\nShort at 1.5700\r\nStop at 1.5760\r\nLimit at 1.5240\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8750\r\nStop at 0.8850\r\nLimit at 0.8000\r\n\r\n&nbsp;\r\n\r\nGood luck today.\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: premiumservice@weeklyfxdrivethru.com\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.','#128 - THE DAILY FX POST, Tuesday 18th November 2014.','','inherit','open','closed','','4787-revision-v1','','','2014-11-18 07:44:04','2014-11-18 12:44:04','',4787,'https://weeklyfxdrivethru.com/4787-revision-v1/',0,'revision','',0),(4807,1,'2014-11-22 12:50:07','2014-11-22 17:50:07','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#39 – THE PREMIUM SERVICE BLOG</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong> THE WEEKLY FX DRIVE THRU\r\n(FULL VERSION)</strong></span></p>\r\n<strong>22.11.2014</strong><strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell I for one am glad that the last trading week is over. It was a very strange week from a trading perspective. Some nice profits but it was all too frantic at times. I think that the main reason for this was the fact that the USD (DXY) is in a trading range and therefore most currency pairs are likewise.\r\n\r\nYesterday (Friday) we saw Mario Draghi ECB President, jawbone (talk) the market once again and he really did a great job in weakening the EUR. Earlier in the week, on Tuesday Glenn Stevens governor of the RBA did a similar thing, whilst Shinzu Abe the Japanese Prime Minister delayed a proposed sales tax hike, dissolved parliament to set another general election in Japan to win a fresh mandate on his policies. If that was not enough, the PBOC reduced interest rates in China (this is the Chinese route to ease) just prior to the U.S. open.\r\n\r\nAll instances were directed at weakening their local currencies, thank God there is no currency war in progress. It is strange times that we live in and given central bank divergences will it become stranger?\r\n\r\nLooking back on the week, it probably would have been a good week to maybe miss the Forex market. Sideways consolidation in ranges were the order of the day, it was only after the PBOC news that ranges were broken.\r\n\r\nThe most concerning news reaction this week from my perspective was the reaction of the DXY, when on Thursday we saw two really good pieces of data from the U.S. i.e.: both Core CPi and the Philly FED Manufacturing Index (back to 2011 numbers and indicative of a GDP around 6%) the reaction from the DXY was muted. I expected it to be blasting through resistance around 88.20. Instead it stayed in side the range of 87.20 to 88.20.\r\n\r\nAs a result, I think I will manage the current batch of PREMIUM SERVICE live trades, but I am now very reluctant to enter new trades unless they are short-term pullback entry scalping trades. This is until we get a breakout.\r\n\r\nWhy, what are my reasons for this?\r\n<ol>\r\n	<li>My thoughts are that as GOLD is rising (God knows why?) and with OIL fluctuating at key support this affects USD strength. When GOLD and the USD go “up” together, which can happen, it does NOT give me comfort trading. This was happening yesterday when the EUR/USD lower move was in play.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>During last week, a Japanese Government Economics spokesman also muddied the waters stating that the USD/JPY surge to 119.00 was too fast. This is weighing a little on the pair and as a result it is having difficulty holding above 118.00, even with U.S. equities at +150 the USD/JPY was falling lower.</li>\r\n	<li>S. equities themselves up until Friday’s PBOC interest rate cut, were literally just moving very slowly point by point on thin trading volume to new highs each day. Who believes that this market can continue to grind higher? Do I think we are at that point? The biggest buyers in the markets are still apparently companies buying back their own shares to manipulate their earnings to satisfy analysts and investors. Therefore, in my opinion, the markets are screwed up as far as I can determine.</li>\r\n</ol>\r\nI am fundamentally in my plan still long the USD but I need a technical confirmation before I move back in the trades and trade sizes. I trust that this makes some sense.\r\n\r\nMy final comments from last week are still valid: -\r\n\r\n<strong><em>Looking forward; my fundamental trading ideas are still intact. I still have my “PLAN A” on the table. It is based very simply and primarily on the four bullet points below: -</em></strong>\r\n<ul>\r\n	<li><strong><em>The end of QE (Quantitative Easing) in the U.S.</em></strong></li>\r\n	<li><strong><em>The FED stating that interest rate rises will happen in 2015.</em></strong></li>\r\n	<li><strong><em>FED and ECB on divergent monetary policies.</em></strong></li>\r\n	<li><strong><em>FED and BOJ on divergent monetary policies.</em></strong></li>\r\n</ul>\r\n<strong><em>I firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.</em></strong>\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE:</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</span></strong><strong><span style=\"font-size: 12pt;\">MONTHLY AND YEAR TO DATE\r\n</span></strong><span style=\"font-size: 12pt;\"><strong>TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nAs I stated earlier I found the past week a strange week to trade. I was never 100% fully confident in the moves and this plagued me as the week progressed.\r\n\r\nWhilst the PREMIUM SERVICE moved forward with profits I took just one loss, which was as a result of a poor entry on my part. It is always so easy to look back and identify were you as a trader screwed up. I just wish that once I would have put my hands in my pocket and not traded. Just goes to show, I am human and NOT a robot.\r\n\r\nIn the week for STANDARD LOT traders they added $2,500.00, MINI LOT traders $250.00 and MICRO LOT traders a further $25.00. As I repeatedly tell traders as long as you are adding all is good.\r\n\r\nI knew as the week started that I had to be aware of sideways consolidation. However, I am pleased to have made profits, so its time to move forward once again.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 40\r\n\r\nPROFITABLE TRADES                   = 34 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 6 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT)</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 474 trades at a cost of $47.40 and earned from those trades $1,032.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $142.20 ($47.40 x 3) and from those trades you would have earned $3,098.10 ($1032.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 474 trades at a cost of $474.00 and earned from those trades $10,327.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,422.00 ($474.00 x 3) and from those trades you would have earned $30,981.00 ($10,327.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 474 trades at a cost of $4,740.00 and earned from those trades $103,270.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,220.00 ($4,740.00 x 3) and from those trades you would have earned $309,810.00 ($103,270.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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/2014/11/PREM-SERVICE-PROFITS1-22112014.png\"><img class=\"aligncenter size-full wp-image-4800\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-22112014.png\" alt=\"PREM SERVICE PROFITS1 22112014\" width=\"450\" height=\"429\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\"><img class=\"aligncenter size-full wp-image-4801\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\" alt=\"PREM SERV PROFITS2 22112014\" width=\"462\" height=\"425\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>IT’S A RACE TO THE BOTTOM</strong></span></p>\r\nI am really following on from last week’s article.\r\n\r\nI mentioned this a little in the INTRODUCTION but this week really showed what an artificial economic environment we are living in and trading in around the world.\r\n\r\nThere were 5 major news events in the past week and they all had a common denominator: -\r\n\r\nAUD – Glenn Stevens RBA Governor was speaking about RBA Policy.\r\nJPY – Abe and Kuroda in Japan delayed Sales Tax but committed to more QE.\r\nUSD – FOMC Meeting Minutes released.\r\nECB – Draghi speaks in Frankfurt about ECB Monetary Policy.\r\nCNY – PBOC reduces interest rates and frees up bank rules in China.\r\n\r\nAll of the above were central bank related activities either direct or through the central bank chiefs.\r\n\r\nIt is a race to see who can have the weakest currency. Four of the five events above from last week were pre-meditated strikes to de-value their currency.\r\n\r\nThe exception was the USD. However, I must point out all prior comments and sound-bytes from Janet Yellen were more HAWKISH than DOVISH. The surprise was that the minutes released were far more DOVISH than previous comments from Janet Yellen. The market reaction to the data release was mixed; we saw USD weakness then after the knee-jerk reaction some 30-45 minutes later after the release USD strength came through the Forex market.\r\n\r\nThe other four events were full on jawboning easing.\r\n\r\nWe have divergence, between the FED, possibly the BOE and the rest of the major central banks.\r\n\r\nThe FED and the BOE are in the camp of raising rates either next year or early 2016, whereas the remaining central banks monetary policies are still based off easing.\r\n\r\nLooking from a distance, one of the most interesting factors looking forward is how will the central banks that are now easing, how will they exit?\r\n\r\nWe have seen the very careful way that the FED used a tapering program to reduce the amount of ABS purchases each month. There were intense, deliberate fore warnings of what going to happen and when.\r\n\r\nI suppose given the decades of problems in Japan, I should be asking myself will I be alive to see how the BOJ exits Quantitative Easing? Assuming I am, and given the size of the BOJ Quantitative Easing, it will be an interesting prospect to witness. I am assuming that they will taper and follow the FED’s example but this is years and years away\r\n\r\nOne aspect of central bank easing that does interest me is the way that the ECB has tackled problems since the Financial Crash of 2007-8. The ECB being controlled by Germany (despite the rhetoric to the contrary) used the AUSTRIAN SCHOOL of economics to tackle the crash.\r\n\r\nThis is based on Austerity. Basically, everyone pays up front through higher taxation to pump money though the financial system to create stability. Businesses are allowed to fail. One can argue that this has not worked given that some 6 years later the ECB is looking at QE to solve its lack of growth and DEFLATION. Was the Austerity worth it, given that now they are about to embark on QE\r\n\r\nThe FED approach was to pump the markets full of central bank cash (THE KEYNESIAN THEORY); pure stimulus aimed at flooding banks with cheap cash to allow them to stabilize and as the banking system settles so do the markets. The FED was focused on support. Now the resulting deficit has to be paid back.\r\n\r\nThe similarity to both approaches is that the resulting invoice / bill for the stability has to be paid by the people. This is why the central banks are looking for a bit of inflation to help reduce the costs\r\n\r\nUnfortunately, the stuffing was knocked out of the ordinary taxpayer who is crucial to the overall success. They do not have the confidence to purchase goods and services and therefore growth is not happening in line with central bank projected statistics given to the markets and DEFLATION is a real fear.\r\n\r\nWhat is the answer?\r\n\r\nMore stimulus.\r\n\r\nThe circle begins again and the RACE TO THE BOTTOM continues.\r\n\r\nThe big central banks; FED, ECB, BOE, BOJ and PBOC all have the ability to flood the markets and pump in cash if required and to some extent they are in continual competition to ensure growth in their economies.\r\n\r\nThe RBA, RBNZ and SNB have used both jawboning and direct intervention to manipulate the markets to keep their currencies competitive through devaluation.\r\n\r\nIn last week’s blog, I made the point of saying when you are looking at the FED versus the BOJ there are trades that stand out as pretty obvious trades. This was based on the fact that no one in his or her right mind would really want to take on trading against a central bank.\r\n\r\nThis may have been a slight under-complication of matters. If all the central banks are involved, it does complicate trading a little. What I would say however is that the FED, ECB and BOJ related trades are straightforward because of the central bank monetary policies being divergent. These are great for longer-term trends.\r\n\r\nWhen you add in the BOE, SNB, RBA and RBNZ it is somewhat different and you can only really react in the short-term based around high beta news events by the central bank governors.\r\n\r\nHaving said all of that, it is a RACE TO THE BOTTOM and the biggest and deepest pockets will win, but whoever said that there was no currency manipulation going on in the world needs to review the past 5 days and then think again.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThere are 8/9 countries manipulating at the moment…never mind don’t fight the FED!!\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n<strong>SEVERAL WAYS TO OVERCOME A TRADING BURNOUT:</strong>\r\n\r\nForex trading may seem like an easy job to outsiders. To them, all a Forex trader does is sit in front of a computer, read a bunch of news articles, put up some lines on a chart, and then money will magically appear.\r\n\r\nBut every trader will tell you that is not the case. Every single time a trader goes on his trading platform, he knows that he will be exposed to a variety of stressful situations. This makes Forex traders very susceptible to what I call “mental burnout.” This pertains to the collapse of the mind due to overwork or stress.\r\n\r\nMental burnout can be triggered by many factors like overtrading, extreme market conditions, unrealistic expectations, and of course, losses.\r\n\r\nMental burnout is indeed a terrible thing as it interferes greatly with trading performance. If you want to find out whether you are undergoing or about to undergo a mental burnout, then keep on reading.\r\n\r\nThe first thing you must understand about mental burnout is that, typically, there is not one single event that can trigger it. It is a gradual process that happens over a long period of time. Burnout is also very broad, as it doesn’t only affect one part of your life. It can manifest itself in school, at work, in your relationships, and sometimes even affect the burnout victim physically.\r\n\r\nBurnout can sneak up on you without notice, so it’s very important to pay attention to the early warning signs. Below are a few questions for you to ask yourself to see if you are about to burn out or are already experiencing burn out. The more times you answer “Yes”, the more likely you are to experience burnout:\r\n<ul>\r\n	<li>Are you beginning to question why you should care about your trade rules?</li>\r\n	<li>Even with proper diet and fitness habits, are you having frequent migraines, muscle aches, and sickness?</li>\r\n	<li>Do you feel self-doubt?</li>\r\n	<li>Do you feel helpless, trapped and unmotivated?</li>\r\n	<li>Do you hold off in closing a losing trade even though you know it’s already doomed?</li>\r\n	<li>Have you started to eat more, take drugs or consume more alcohol than usual?</li>\r\n	<li>Do you feel angry towards others for the smallest reasons?</li>\r\n</ul>\r\nIf you feel that these warning signs apply to you, here are some tips that might help you recover from a trading burnout.\r\n\r\n1: TAKE A STEP BACK:\r\n\r\nWhen you are feeling more stressed about your trading than usual, you run the risk of making things worse if you force yourself to trade more and work harder. Taking a moment to unwind could help you clear your mind and make it easier for you to focus later on.\r\n\r\n2: ASK FOR HELP:\r\n\r\nMore often than not, trying to overcome a burnout on your own can result in twice the pressure you already feel. In this case, there is nothing wrong with consulting a friend or even a psychological counselor. After all, it’s possible that burnout might be a result of a different concern other than trading and it is best to isolate which problem you really need to work on.\r\n\r\n3: TAKE CONTROL:\r\n\r\nOne of the major causes of burnout is the perceived loss of control over a situation, which is something that traders could be prone to given the market’s dynamic nature. When you feel this kind of anxiety when trading, try to regain control by setting simpler goals. These can be in the form of managing your time wisely, updating you trade journal regularly, or developing a trading plan and sticking to it.\r\n\r\n4: REMEMBER THE WARNING SIGNS OF BURNOUT\r\n\r\nSimply go through the list of questions above and make sure to take it easy with your trading when you answer “Yes” more than a couple of times. Also take note of the usual factors that trigger a burnout for you and try to work your way around those problems.\r\n\r\n5: RECALL THE FEELING YOU HAD WHEN YOU FIRST STARTED TRADING:\r\n\r\nDo you remember that light bulb moment when you first understood how fundamental and technical analysis made sense? Did you fell giddy when you placed your very first trade? Use that excitement you felt when you first started trading to renew your enthusiasm for the craft. This way, you will be able to focus more on the positive aspects and less on the stressful ones.\r\n\r\n6: FIND A TRADING BUDDY or BOUNCE IDEAS OFF A CLOSE FRIEND:\r\n\r\nInstead of holding hands and cursing the Forex market, share your trading thoughts with your buddy instead. He might be able to help you determine your common mistakes and correct them, allowing you to avoid stress from these problems down the line.\r\n\r\nIf you do not have a trading buddy, use your closest friend to talk to, sometimes this will reason matters out.\r\n\r\n7: TRY AND SPOIL YOURSELF:\r\n\r\nBy this I don’t exactly mean having a relaxing massage or getting your nails done.\r\n\r\nWe all have our own ways of unwinding – be it through a beach vacation or a few rounds of golf – it is important to know what works for you and then do it. As much as I know you love trading, make sure you also do something else that you enjoy on a regular basis to avoid burnout.\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT219\r\nEUR/NZD\r\nLong\r\nCost Average: 1.5930\r\nStop at: 1.5000\r\nLimit at: 1.6440\r\nClosing Price: 1.5712\r\nCurrent Position (Profit / Loss): -218 pips\r\n(This trade is hedged from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong\r\nCost Average: 1.1260\r\nStop at: 1.1180\r\nLimit at: 1.1500\r\nClosing Price: 1.1231\r\nCurrent Position (Profit / Loss): -29 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2013\r\nCurrent Profit / Loss Position: -27 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2381\r\nStop at 1.2480\r\nLimit at 1.1860\r\nClosing Price: 1.2386\r\nCurrent Profit / Loss Position: -5 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong\r\nCost Average at: 0.9703\r\nStop at 0.9630\r\nLimit at 0.9950\r\nClosing Price: 0.9696\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort\r\nCost Average at: 1.5649\r\nStop at 1.5750\r\nLimit at 1.5450\r\nClosing Price: 1.5651\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort\r\nCost Average: 0.8670\r\nStop Loss at: 0.8750\r\nLimit At 0.8000\r\nClosing Price: 0.8667\r\nCurrent Profit / Loss Position: +3 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort\r\nCost Average: 0.7880\r\nStop Loss at: 0.7960\r\nLimit At 0.7000\r\nClosing Price: 0.7876\r\nCurrent Profit / Loss Position: +4 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9950\r\nStop Loss at: 1.9000\r\nLimit At 2.0500\r\nClosing Price: 1.9857\r\nCurrent Profit / Loss Position: -93 pips\r\n(This trade has hedging in place from -100 pips)\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI am in a number of LIVE trades at the moment and to add further risk does not sit well. There is one pair with a limit order at my broker GBP/USD (RT220) this is confirmed below, plus a trade involving the USD/JPY. This is not with my broker yet.\r\n\r\nI will be actively looking again early next week to add further positions. I am trying to get a better feel on RISK ON / RISK OFF so that I can attack more commodity cross rates. However, please bear in mind I am currently long both the EUR/NZD and GBP/NZD and they are presently losing money although I have hedged to manage manage both of them.\r\n\r\nI will require a few sessions under my belt next week to re-assess the situation.\r\n\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop Loss at: 1.5860\r\nLimit at: 1.5450\r\n\r\nPLUS:\r\n\r\nUSD/JPY\r\nLong at 117.10\r\nStop at 116.40\r\nLimit at 120.00\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\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=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CHF\r\nEUR/GBP\r\nAUD/JPY\r\nCAD/JPY\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/AUD<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2386.</strong> Some excellent jawboning from Mario Draghi has sent this pair lower. The big question now is of course, when and where will it stop. Immediate support and resistance that I am looking at is 1.2357 and 1.2420.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5651</strong>. This pair has really held up well. There was really good CPi and Retail Sales data earlier last week and this has kept the cable well bid. The EUR effect is now in play and I feel that a downside move should not be ruled out. The immediate support level to look at is 1.5600. Resistance is good at 1.5735.\r\n\r\n<strong>AUD/USD: Closing Price 0.8667</strong>. The PBOC interest rate cut screwed with this pair yesterday. What was a nice pattern moving lower sprung up like a salmon. It spent most of yesterday moving back into the trend set by RBA Governor Stevens earlier in the week. Support is good at 0.8650 and resistance at 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7876</strong>. This has been a painful pair to trade this past week. Poor Milk auction prices saw it collapse earlier in the week only to see it bounce back over the following couple of sessions. I am currently short this pair and long the EUR/NZD and GBP/NZD so at the moment my largest trading position is set around the Kiwi. Support at 0.8800 is good and resistance at 0.7960 is also strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1231.</strong> On the back of good CPi data yesterday it looks like we saw a false breakdown with this pair as it recovered handsomely off its lows below 1.1200. Support is at 1.1180 and resistance at 1.1300.\r\n\r\n<strong>USD/CHF: Closing Price 0.9696</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. However, I am long…. and, in a small enough trade not to cause RISK concerns etc. Support is at 0.9630 and resistance 0.9740.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 117.80. </strong>Wow, the run higher continues with the JPY as central bank policy from the BOJ continues to manipulate its true value. It hit 119.00 earlier last week and fell back sharply to 118.00. It is struggling to maintain 118.00 at the moment, but it is just a matter of time before it leaps forward again. Support is at 117.40 and resistance at 118.35.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – German Ifo Business Climate.\r\nMONDAY: JPY – BOJ Kuroda speaks (twice).\r\n\r\nTUESDAY: CAD – Retail Sales.\r\nTUESDAY: USD – Preliminary GDP &amp; Consumer Confidence.\r\n\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: NZD – ANZ Business Confidence.\r\n\r\nFRIDAY: EUR – CPi Flash Estimates.\r\nFRIDAY: CAD – GDP.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\"><span style=\"font-size: 10pt;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span></span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nNot as heavy a trading week coming up this week compared to last week.\r\n\r\nWe are at yet another set of crossroads. The USD (DXY) started to move to the upper area of its range and is poised for a break out. Just remember it could be a false breakout, so do not get too heavy into trades. Keep your POSITION SIZING inside your RISK MANAGEMENT levels.\r\n\r\nIf you recall, we could name 2014 the year of the false breakout. For months we seemed to be penned in by a range bound market and every time we thought that a currency had broken free it was smacked back inside the range very quickly.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 22nd 201\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\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.','#39 - ITS A RACE TO THE BOTTOM','','publish','open','closed','','39-race-bottom','','','2014-11-22 12:50:07','2014-11-22 17:50:07','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4807',0,'member_posts','',0),(4808,1,'2014-11-22 12:48:33','2014-11-22 17:48:33','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#39 – THE PREMIUM SERVICE BLOG</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong> THE WEEKLY FX DRIVE THRU\r\n(FULL VERSION)</strong></span></p>\r\n<strong>22.11.2014</strong><strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell I for one am glad that the last trading week is over. It was a very strange week from a trading perspective. Some nice profits but it was all too frantic at times. I think that the main reason for this was the fact that the USD (DXY) is in a trading range and therefore most currency pairs are likewise.\r\n\r\nYesterday (Friday) we saw Mario Draghi ECB President, jawbone (talk) the market once again and he really did a great job in weakening the EUR. Earlier in the week, on Tuesday Glenn Stevens governor of the RBA did a similar thing, whilst Shinzu Abe the Japanese Prime Minister delayed a proposed sales tax hike, dissolved parliament to set another general election in Japan to win a fresh mandate on his policies. If that was not enough, the PBOC reduced interest rates in China (this is the Chinese route to ease) just prior to the U.S. open.\r\n\r\nAll instances were directed at weakening their local currencies, thank God there is no currency war in progress. It is strange times that we live in and given central bank divergences will it become stranger?\r\n\r\nLooking back on the week, it probably would have been a good week to maybe miss the Forex market. Sideways consolidation in ranges were the order of the day, it was only after the PBOC news that ranges were broken.\r\n\r\nThe most concerning news reaction this week from my perspective was the reaction of the DXY, when on Thursday we saw two really good pieces of data from the U.S. i.e.: both Core CPi and the Philly FED Manufacturing Index (back to 2011 numbers and indicative of a GDP around 6%) the reaction from the DXY was muted. I expected it to be blasting through resistance around 88.20. Instead it stayed in side the range of 87.20 to 88.20.\r\n\r\nAs a result, I think I will manage the current batch of PREMIUM SERVICE live trades, but I am now very reluctant to enter new trades unless they are short-term pullback entry scalping trades. This is until we get a breakout.\r\n\r\nWhy, what are my reasons for this?\r\n<ol>\r\n	<li>My thoughts are that as GOLD is rising (God knows why?) and with OIL fluctuating at key support this affects USD strength. When GOLD and the USD go “up” together, which can happen, it does NOT give me comfort trading. This was happening yesterday when the EUR/USD lower move was in play.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>During last week, a Japanese Government Economics spokesman also muddied the waters stating that the USD/JPY surge to 119.00 was too fast. This is weighing a little on the pair and as a result it is having difficulty holding above 118.00, even with U.S. equities at +150 the USD/JPY was falling lower.</li>\r\n	<li>S. equities themselves up until Friday’s PBOC interest rate cut, were literally just moving very slowly point by point on thin trading volume to new highs each day. Who believes that this market can continue to grind higher? Do I think we are at that point? The biggest buyers in the markets are still apparently companies buying back their own shares to manipulate their earnings to satisfy analysts and investors. Therefore, in my opinion, the markets are screwed up as far as I can determine.</li>\r\n</ol>\r\nI am fundamentally in my plan still long the USD but I need a technical confirmation before I move back in the trades and trade sizes. I trust that this makes some sense.\r\n\r\nMy final comments from last week are still valid: -\r\n\r\n<strong><em>Looking forward; my fundamental trading ideas are still intact. I still have my “PLAN A” on the table. It is based very simply and primarily on the four bullet points below: -</em></strong>\r\n<ul>\r\n	<li><strong><em>The end of QE (Quantitative Easing) in the U.S.</em></strong></li>\r\n	<li><strong><em>The FED stating that interest rate rises will happen in 2015.</em></strong></li>\r\n	<li><strong><em>FED and ECB on divergent monetary policies.</em></strong></li>\r\n	<li><strong><em>FED and BOJ on divergent monetary policies.</em></strong></li>\r\n</ul>\r\n<strong><em>I firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.</em></strong>\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE:</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</span></strong><strong><span style=\"font-size: 12pt;\">MONTHLY AND YEAR TO DATE\r\n</span></strong><span style=\"font-size: 12pt;\"><strong>TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nAs I stated earlier I found the past week a strange week to trade. I was never 100% fully confident in the moves and this plagued me as the week progressed.\r\n\r\nWhilst the PREMIUM SERVICE moved forward with profits I took just one loss, which was as a result of a poor entry on my part. It is always so easy to look back and identify were you as a trader screwed up. I just wish that once I would have put my hands in my pocket and not traded. Just goes to show, I am human and NOT a robot.\r\n\r\nIn the week for STANDARD LOT traders they added $2,500.00, MINI LOT traders $250.00 and MICRO LOT traders a further $25.00. As I repeatedly tell traders as long as you are adding all is good.\r\n\r\nI knew as the week started that I had to be aware of sideways consolidation. However, I am pleased to have made profits, so its time to move forward once again.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 40\r\n\r\nPROFITABLE TRADES                   = 34 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 6 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT)</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 474 trades at a cost of $47.40 and earned from those trades $1,032.70 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MICRO lot trades at a time your cost to trade would have been $142.20 ($47.40 x 3) and from those trades you would have earned $3,098.10 ($1032.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 474 trades at a cost of $474.00 and earned from those trades $10,327.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,422.00 ($474.00 x 3) and from those trades you would have earned $30,981.00 ($10,327.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 474 trades at a cost of $4,740.00 and earned from those trades $103,270.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,220.00 ($4,740.00 x 3) and from those trades you would have earned $309,810.00 ($103,270.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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/2014/11/PREM-SERVICE-PROFITS1-22112014.png\"><img class=\"aligncenter size-full wp-image-4800\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-22112014.png\" alt=\"PREM SERVICE PROFITS1 22112014\" width=\"450\" height=\"429\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\"><img class=\"aligncenter size-full wp-image-4801\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\" alt=\"PREM SERV PROFITS2 22112014\" width=\"462\" height=\"425\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>IT’S A RACE TO THE BOTTOM</strong></span></p>\r\nI am really following on from last week’s article.\r\n\r\nI mentioned this a little in the INTRODUCTION but this week really showed what an artificial economic environment we are living in and trading in around the world.\r\n\r\nThere were 5 major news events in the past week and they all had a common denominator: -\r\n\r\nAUD – Glenn Stevens RBA Governor was speaking about RBA Policy.\r\nJPY – Abe and Kuroda in Japan delayed Sales Tax but committed to more QE.\r\nUSD – FOMC Meeting Minutes released.\r\nECB – Draghi speaks in Frankfurt about ECB Monetary Policy.\r\nCNY – PBOC reduces interest rates and frees up bank rules in China.\r\n\r\nAll of the above were central bank related activities either direct or through the central bank chiefs.\r\n\r\nIt is a race to see who can have the weakest currency. Four of the five events above from last week were pre-meditated strikes to de-value their currency.\r\n\r\nThe exception was the USD. However, I must point out all prior comments and sound-bytes from Janet Yellen were more HAWKISH than DOVISH. The surprise was that the minutes released were far more DOVISH than previous comments from Janet Yellen. The market reaction to the data release was mixed; we saw USD weakness then after the knee-jerk reaction some 30-45 minutes later after the release USD strength came through the Forex market.\r\n\r\nThe other four events were full on jawboning easing.\r\n\r\nWe have divergence, between the FED, possibly the BOE and the rest of the major central banks.\r\n\r\nThe FED and the BOE are in the camp of raising rates either next year or early 2016, whereas the remaining central banks monetary policies are still based off easing.\r\n\r\nLooking from a distance, one of the most interesting factors looking forward is how will the central banks that are now easing, how will they exit?\r\n\r\nWe have seen the very careful way that the FED used a tapering program to reduce the amount of ABS purchases each month. There were intense, deliberate fore warnings of what going to happen and when.\r\n\r\nI suppose given the decades of problems in Japan, I should be asking myself will I be alive to see how the BOJ exits Quantitative Easing? Assuming I am, and given the size of the BOJ Quantitative Easing, it will be an interesting prospect to witness. I am assuming that they will taper and follow the FED’s example but this is years and years away\r\n\r\nOne aspect of central bank easing that does interest me is the way that the ECB has tackled problems since the Financial Crash of 2007-8. The ECB being controlled by Germany (despite the rhetoric to the contrary) used the AUSTRIAN SCHOOL of economics to tackle the crash.\r\n\r\nThis is based on Austerity. Basically, everyone pays up front through higher taxation to pump money though the financial system to create stability. Businesses are allowed to fail. One can argue that this has not worked given that some 6 years later the ECB is looking at QE to solve its lack of growth and DEFLATION. Was the Austerity worth it, given that now they are about to embark on QE\r\n\r\nThe FED approach was to pump the markets full of central bank cash (THE KEYNESIAN THEORY); pure stimulus aimed at flooding banks with cheap cash to allow them to stabilize and as the banking system settles so do the markets. The FED was focused on support. Now the resulting deficit has to be paid back.\r\n\r\nThe similarity to both approaches is that the resulting invoice / bill for the stability has to be paid by the people. This is why the central banks are looking for a bit of inflation to help reduce the costs\r\n\r\nUnfortunately, the stuffing was knocked out of the ordinary taxpayer who is crucial to the overall success. They do not have the confidence to purchase goods and services and therefore growth is not happening in line with central bank projected statistics given to the markets and DEFLATION is a real fear.\r\n\r\nWhat is the answer?\r\n\r\nMore stimulus.\r\n\r\nThe circle begins again and the RACE TO THE BOTTOM continues.\r\n\r\nThe big central banks; FED, ECB, BOE, BOJ and PBOC all have the ability to flood the markets and pump in cash if required and to some extent they are in continual competition to ensure growth in their economies.\r\n\r\nThe RBA, RBNZ and SNB have used both jawboning and direct intervention to manipulate the markets to keep their currencies competitive through devaluation.\r\n\r\nIn last week’s blog, I made the point of saying when you are looking at the FED versus the BOJ there are trades that stand out as pretty obvious trades. This was based on the fact that no one in his or her right mind would really want to take on trading against a central bank.\r\n\r\nThis may have been a slight under-complication of matters. If all the central banks are involved, it does complicate trading a little. What I would say however is that the FED, ECB and BOJ related trades are straightforward because of the central bank monetary policies being divergent. These are great for longer-term trends.\r\n\r\nWhen you add in the BOE, SNB, RBA and RBNZ it is somewhat different and you can only really react in the short-term based around high beta news events by the central bank governors.\r\n\r\nHaving said all of that, it is a RACE TO THE BOTTOM and the biggest and deepest pockets will win, but whoever said that there was no currency manipulation going on in the world needs to review the past 5 days and then think again.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThere are 8/9 countries manipulating at the moment…never mind don’t fight the FED!!\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n<strong>SEVERAL WAYS TO OVERCOME A TRADING BURNOUT:</strong>\r\n\r\nForex trading may seem like an easy job to outsiders. To them, all a Forex trader does is sit in front of a computer, read a bunch of news articles, put up some lines on a chart, and then money will magically appear.\r\n\r\nBut every trader will tell you that is not the case. Every single time a trader goes on his trading platform, he knows that he will be exposed to a variety of stressful situations. This makes Forex traders very susceptible to what I call “mental burnout.” This pertains to the collapse of the mind due to overwork or stress.\r\n\r\nMental burnout can be triggered by many factors like overtrading, extreme market conditions, unrealistic expectations, and of course, losses.\r\n\r\nMental burnout is indeed a terrible thing as it interferes greatly with trading performance. If you want to find out whether you are undergoing or about to undergo a mental burnout, then keep on reading.\r\n\r\nThe first thing you must understand about mental burnout is that, typically, there is not one single event that can trigger it. It is a gradual process that happens over a long period of time. Burnout is also very broad, as it doesn’t only affect one part of your life. It can manifest itself in school, at work, in your relationships, and sometimes even affect the burnout victim physically.\r\n\r\nBurnout can sneak up on you without notice, so it’s very important to pay attention to the early warning signs. Below are a few questions for you to ask yourself to see if you are about to burn out or are already experiencing burn out. The more times you answer “Yes”, the more likely you are to experience burnout:\r\n<ul>\r\n	<li>Are you beginning to question why you should care about your trade rules?</li>\r\n	<li>Even with proper diet and fitness habits, are you having frequent migraines, muscle aches, and sickness?</li>\r\n	<li>Do you feel self-doubt?</li>\r\n	<li>Do you feel helpless, trapped and unmotivated?</li>\r\n	<li>Do you hold off in closing a losing trade even though you know it’s already doomed?</li>\r\n	<li>Have you started to eat more, take drugs or consume more alcohol than usual?</li>\r\n	<li>Do you feel angry towards others for the smallest reasons?</li>\r\n</ul>\r\nIf you feel that these warning signs apply to you, here are some tips that might help you recover from a trading burnout.\r\n\r\n1: TAKE A STEP BACK:\r\n\r\nWhen you are feeling more stressed about your trading than usual, you run the risk of making things worse if you force yourself to trade more and work harder. Taking a moment to unwind could help you clear your mind and make it easier for you to focus later on.\r\n\r\n2: ASK FOR HELP:\r\n\r\nMore often than not, trying to overcome a burnout on your own can result in twice the pressure you already feel. In this case, there is nothing wrong with consulting a friend or even a psychological counselor. After all, it’s possible that burnout might be a result of a different concern other than trading and it is best to isolate which problem you really need to work on.\r\n\r\n3: TAKE CONTROL:\r\n\r\nOne of the major causes of burnout is the perceived loss of control over a situation, which is something that traders could be prone to given the market’s dynamic nature. When you feel this kind of anxiety when trading, try to regain control by setting simpler goals. These can be in the form of managing your time wisely, updating you trade journal regularly, or developing a trading plan and sticking to it.\r\n\r\n4: REMEMBER THE WARNING SIGNS OF BURNOUT\r\n\r\nSimply go through the list of questions above and make sure to take it easy with your trading when you answer “Yes” more than a couple of times. Also take note of the usual factors that trigger a burnout for you and try to work your way around those problems.\r\n\r\n5: RECALL THE FEELING YOU HAD WHEN YOU FIRST STARTED TRADING:\r\n\r\nDo you remember that light bulb moment when you first understood how fundamental and technical analysis made sense? Did you fell giddy when you placed your very first trade? Use that excitement you felt when you first started trading to renew your enthusiasm for the craft. This way, you will be able to focus more on the positive aspects and less on the stressful ones.\r\n\r\n6: FIND A TRADING BUDDY or BOUNCE IDEAS OFF A CLOSE FRIEND:\r\n\r\nInstead of holding hands and cursing the Forex market, share your trading thoughts with your buddy instead. He might be able to help you determine your common mistakes and correct them, allowing you to avoid stress from these problems down the line.\r\n\r\nIf you do not have a trading buddy, use your closest friend to talk to, sometimes this will reason matters out.\r\n\r\n7: TRY AND SPOIL YOURSELF:\r\n\r\nBy this I don’t exactly mean having a relaxing massage or getting your nails done.\r\n\r\nWe all have our own ways of unwinding – be it through a beach vacation or a few rounds of golf – it is important to know what works for you and then do it. As much as I know you love trading, make sure you also do something else that you enjoy on a regular basis to avoid burnout.\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT219\r\nEUR/NZD\r\nLongCost Average: 1.5930\r\nStop at: 1.5000\r\nLimit at: 1.6440\r\nClosing Price: 1.5712\r\nCurrent Position (Profit / Loss): -218 pips\r\n(This trade is hedged from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong\r\nCost Average: 1.1260\r\nStop at: 1.1180\r\nLimit at: 1.1500\r\nClosing Price: 1.1231\r\nCurrent Position (Profit / Loss): -29 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2013\r\nCurrent Profit / Loss Position: -27 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2381\r\nStop at 1.2480\r\nLimit at 1.1860\r\nClosing Price: 1.2386\r\nCurrent Profit / Loss Position: -5 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong\r\nCost Average at: 0.9703\r\nStop at 0.9630\r\nLimit at 0.9950\r\nClosing Price: 0.9696\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort\r\nCost Average at: 1.5649\r\nStop at 1.5750\r\nLimit at 1.5450\r\nClosing Price: 1.5651\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort\r\nCost Average: 0.8670\r\nStop Loss at: 0.8750\r\nLimit At 0.8000\r\nClosing Price: 0.8667\r\nCurrent Profit / Loss Position: +3 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort\r\nCost Average: 0.7880\r\nStop Loss at: 0.7960\r\nLimit At 0.7000\r\nClosing Price: 0.7876\r\nCurrent Profit / Loss Position: +4 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9950\r\nStop Loss at: 1.9000\r\nLimit At 2.0500\r\nClosing Price: 1.9857\r\nCurrent Profit / Loss Position: -93 pips\r\n(This trade has hedging in place from -100 pips)\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI am in a number of LIVE trades at the moment and to add further risk does not sit well. There is one pair with a limit order at my broker GBP/USD (RT220) this is confirmed below, plus a trade involving the USD/JPY. This is not with my broker yet.\r\n\r\nI will be actively looking again early next week to add further positions. I am trying to get a better feel on RISK ON / RISK OFF so that I can attack more commodity cross rates. However, please bear in mind I am currently long both the EUR/NZD and GBP/NZD and they are presently losing money although I have hedged to manage manage both of them.\r\n\r\nI will require a few sessions under my belt next week to re-assess the situation.\r\n\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop Loss at: 1.5860\r\nLimit at: 1.5450\r\n\r\nPLUS:\r\n\r\nUSD/JPY\r\nLong at 117.10\r\nStop at 116.40\r\nLimit at 120.00\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\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=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CHF\r\nEUR/GBP\r\nAUD/JPY\r\nCAD/JPY\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/AUD<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2386.</strong> Some excellent jawboning from Mario Draghi has sent this pair lower. The big question now is of course, when and where will it stop. Immediate support and resistance that I am looking at is 1.2357 and 1.2420.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5651</strong>. This pair has really held up well. There was really good CPi and Retail Sales data earlier last week and this has kept the cable well bid. The EUR effect is now in play and I feel that a downside move should not be ruled out. The immediate support level to look at is 1.5600. Resistance is good at 1.5735.\r\n\r\n<strong>AUD/USD: Closing Price 0.8667</strong>. The PBOC interest rate cut screwed with this pair yesterday. What was a nice pattern moving lower sprung up like a salmon. It spent most of yesterday moving back into the trend set by RBA Governor Stevens earlier in the week. Support is good at 0.8650 and resistance at 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7876</strong>. This has been a painful pair to trade this past week. Poor Milk auction prices saw it collapse earlier in the week only to see it bounce back over the following couple of sessions. I am currently short this pair and long the EUR/NZD and GBP/NZD so at the moment my largest trading position is set around the Kiwi. Support at 0.8800 is good and resistance at 0.7960 is also strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1231.</strong> On the back of good CPi data yesterday it looks like we saw a false breakdown with this pair as it recovered handsomely off its lows below 1.1200. Support is at 1.1180 and resistance at 1.1300.\r\n\r\n<strong>USD/CHF: Closing Price 0.9696</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. However, I am long…. and, in a small enough trade not to cause RISK concerns etc. Support is at 0.9630 and resistance 0.9740.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 117.80. </strong>Wow, the run higher continues with the JPY as central bank policy from the BOJ continues to manipulate its true value. It hit 119.00 earlier last week and fell back sharply to 118.00. It is struggling to maintain 118.00 at the moment, but it is just a matter of time before it leaps forward again. Support is at 117.40 and resistance at 118.35.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – German Ifo Business Climate.\r\nMONDAY: JPY – BOJ Kuroda speaks (twice).\r\n\r\nTUESDAY: CAD – Retail Sales.\r\nTUESDAY: USD – Preliminary GDP &amp; Consumer Confidence.\r\n\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: NZD – ANZ Business Confidence.\r\n\r\nFRIDAY: EUR – CPi Flash Estimates.\r\nFRIDAY: CAD – GDP.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\"><span style=\"font-size: 10pt;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span></span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nNot as heavy a trading week coming up this week compared to last week.\r\n\r\nWe are at yet another set of crossroads. The USD (DXY) started to move to the upper area of its range and is poised for a break out. Just remember it could be a false breakout, so do not get too heavy into trades. Keep your POSITION SIZING inside your RISK MANAGEMENT levels.\r\n\r\nIf you recall, we could name 2014 the year of the false breakout. For months we seemed to be penned in by a range bound market and every time we thought that a currency had broken free it was smacked back inside the range very quickly.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 22nd 201\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\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.','#39 - ','','inherit','open','closed','','4807-revision-v1','','','2014-11-22 12:48:33','2014-11-22 17:48:33','',4807,'https://weeklyfxdrivethru.com/4807-revision-v1/',0,'revision','',0),(4809,1,'2014-11-22 12:50:07','2014-11-22 17:50:07','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#39 – THE PREMIUM SERVICE BLOG</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong> THE WEEKLY FX DRIVE THRU\r\n(FULL VERSION)</strong></span></p>\r\n<strong>22.11.2014</strong><strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell I for one am glad that the last trading week is over. It was a very strange week from a trading perspective. Some nice profits but it was all too frantic at times. I think that the main reason for this was the fact that the USD (DXY) is in a trading range and therefore most currency pairs are likewise.\r\n\r\nYesterday (Friday) we saw Mario Draghi ECB President, jawbone (talk) the market once again and he really did a great job in weakening the EUR. Earlier in the week, on Tuesday Glenn Stevens governor of the RBA did a similar thing, whilst Shinzu Abe the Japanese Prime Minister delayed a proposed sales tax hike, dissolved parliament to set another general election in Japan to win a fresh mandate on his policies. If that was not enough, the PBOC reduced interest rates in China (this is the Chinese route to ease) just prior to the U.S. open.\r\n\r\nAll instances were directed at weakening their local currencies, thank God there is no currency war in progress. It is strange times that we live in and given central bank divergences will it become stranger?\r\n\r\nLooking back on the week, it probably would have been a good week to maybe miss the Forex market. Sideways consolidation in ranges were the order of the day, it was only after the PBOC news that ranges were broken.\r\n\r\nThe most concerning news reaction this week from my perspective was the reaction of the DXY, when on Thursday we saw two really good pieces of data from the U.S. i.e.: both Core CPi and the Philly FED Manufacturing Index (back to 2011 numbers and indicative of a GDP around 6%) the reaction from the DXY was muted. I expected it to be blasting through resistance around 88.20. Instead it stayed in side the range of 87.20 to 88.20.\r\n\r\nAs a result, I think I will manage the current batch of PREMIUM SERVICE live trades, but I am now very reluctant to enter new trades unless they are short-term pullback entry scalping trades. This is until we get a breakout.\r\n\r\nWhy, what are my reasons for this?\r\n<ol>\r\n	<li>My thoughts are that as GOLD is rising (God knows why?) and with OIL fluctuating at key support this affects USD strength. When GOLD and the USD go “up” together, which can happen, it does NOT give me comfort trading. This was happening yesterday when the EUR/USD lower move was in play.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>During last week, a Japanese Government Economics spokesman also muddied the waters stating that the USD/JPY surge to 119.00 was too fast. This is weighing a little on the pair and as a result it is having difficulty holding above 118.00, even with U.S. equities at +150 the USD/JPY was falling lower.</li>\r\n	<li>S. equities themselves up until Friday’s PBOC interest rate cut, were literally just moving very slowly point by point on thin trading volume to new highs each day. Who believes that this market can continue to grind higher? Do I think we are at that point? The biggest buyers in the markets are still apparently companies buying back their own shares to manipulate their earnings to satisfy analysts and investors. Therefore, in my opinion, the markets are screwed up as far as I can determine.</li>\r\n</ol>\r\nI am fundamentally in my plan still long the USD but I need a technical confirmation before I move back in the trades and trade sizes. I trust that this makes some sense.\r\n\r\nMy final comments from last week are still valid: -\r\n\r\n<strong><em>Looking forward; my fundamental trading ideas are still intact. I still have my “PLAN A” on the table. It is based very simply and primarily on the four bullet points below: -</em></strong>\r\n<ul>\r\n	<li><strong><em>The end of QE (Quantitative Easing) in the U.S.</em></strong></li>\r\n	<li><strong><em>The FED stating that interest rate rises will happen in 2015.</em></strong></li>\r\n	<li><strong><em>FED and ECB on divergent monetary policies.</em></strong></li>\r\n	<li><strong><em>FED and BOJ on divergent monetary policies.</em></strong></li>\r\n</ul>\r\n<strong><em>I firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.</em></strong>\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 12pt;\"> THE PREMIUM SERVICE:</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</span></strong><strong><span style=\"font-size: 12pt;\">MONTHLY AND YEAR TO DATE\r\n</span></strong><span style=\"font-size: 12pt;\"><strong>TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nAs I stated earlier I found the past week a strange week to trade. I was never 100% fully confident in the moves and this plagued me as the week progressed.\r\n\r\nWhilst the PREMIUM SERVICE moved forward with profits I took just one loss, which was as a result of a poor entry on my part. It is always so easy to look back and identify were you as a trader screwed up. I just wish that once I would have put my hands in my pocket and not traded. Just goes to show, I am human and NOT a robot.\r\n\r\nIn the week for STANDARD LOT traders they added $2,500.00, MINI LOT traders $250.00 and MICRO LOT traders a further $25.00. As I repeatedly tell traders as long as you are adding all is good.\r\n\r\nI knew as the week started that I had to be aware of sideways consolidation. However, I am pleased to have made profits, so its time to move forward once again.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 40\r\n\r\nPROFITABLE TRADES                   = 34 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 6 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT)</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 474 trades at a cost of $47.40 and earned from those trades $1,032.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $142.20 ($47.40 x 3) and from those trades you would have earned $3,098.10 ($1032.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 474 trades at a cost of $474.00 and earned from those trades $10,327.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,422.00 ($474.00 x 3) and from those trades you would have earned $30,981.00 ($10,327.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 474 trades at a cost of $4,740.00 and earned from those trades $103,270.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,220.00 ($4,740.00 x 3) and from those trades you would have earned $309,810.00 ($103,270.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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/2014/11/PREM-SERVICE-PROFITS1-22112014.png\"><img class=\"aligncenter size-full wp-image-4800\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-22112014.png\" alt=\"PREM SERVICE PROFITS1 22112014\" width=\"450\" height=\"429\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\"><img class=\"aligncenter size-full wp-image-4801\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\" alt=\"PREM SERV PROFITS2 22112014\" width=\"462\" height=\"425\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>IT’S A RACE TO THE BOTTOM</strong></span></p>\r\nI am really following on from last week’s article.\r\n\r\nI mentioned this a little in the INTRODUCTION but this week really showed what an artificial economic environment we are living in and trading in around the world.\r\n\r\nThere were 5 major news events in the past week and they all had a common denominator: -\r\n\r\nAUD – Glenn Stevens RBA Governor was speaking about RBA Policy.\r\nJPY – Abe and Kuroda in Japan delayed Sales Tax but committed to more QE.\r\nUSD – FOMC Meeting Minutes released.\r\nECB – Draghi speaks in Frankfurt about ECB Monetary Policy.\r\nCNY – PBOC reduces interest rates and frees up bank rules in China.\r\n\r\nAll of the above were central bank related activities either direct or through the central bank chiefs.\r\n\r\nIt is a race to see who can have the weakest currency. Four of the five events above from last week were pre-meditated strikes to de-value their currency.\r\n\r\nThe exception was the USD. However, I must point out all prior comments and sound-bytes from Janet Yellen were more HAWKISH than DOVISH. The surprise was that the minutes released were far more DOVISH than previous comments from Janet Yellen. The market reaction to the data release was mixed; we saw USD weakness then after the knee-jerk reaction some 30-45 minutes later after the release USD strength came through the Forex market.\r\n\r\nThe other four events were full on jawboning easing.\r\n\r\nWe have divergence, between the FED, possibly the BOE and the rest of the major central banks.\r\n\r\nThe FED and the BOE are in the camp of raising rates either next year or early 2016, whereas the remaining central banks monetary policies are still based off easing.\r\n\r\nLooking from a distance, one of the most interesting factors looking forward is how will the central banks that are now easing, how will they exit?\r\n\r\nWe have seen the very careful way that the FED used a tapering program to reduce the amount of ABS purchases each month. There were intense, deliberate fore warnings of what going to happen and when.\r\n\r\nI suppose given the decades of problems in Japan, I should be asking myself will I be alive to see how the BOJ exits Quantitative Easing? Assuming I am, and given the size of the BOJ Quantitative Easing, it will be an interesting prospect to witness. I am assuming that they will taper and follow the FED’s example but this is years and years away\r\n\r\nOne aspect of central bank easing that does interest me is the way that the ECB has tackled problems since the Financial Crash of 2007-8. The ECB being controlled by Germany (despite the rhetoric to the contrary) used the AUSTRIAN SCHOOL of economics to tackle the crash.\r\n\r\nThis is based on Austerity. Basically, everyone pays up front through higher taxation to pump money though the financial system to create stability. Businesses are allowed to fail. One can argue that this has not worked given that some 6 years later the ECB is looking at QE to solve its lack of growth and DEFLATION. Was the Austerity worth it, given that now they are about to embark on QE\r\n\r\nThe FED approach was to pump the markets full of central bank cash (THE KEYNESIAN THEORY); pure stimulus aimed at flooding banks with cheap cash to allow them to stabilize and as the banking system settles so do the markets. The FED was focused on support. Now the resulting deficit has to be paid back.\r\n\r\nThe similarity to both approaches is that the resulting invoice / bill for the stability has to be paid by the people. This is why the central banks are looking for a bit of inflation to help reduce the costs\r\n\r\nUnfortunately, the stuffing was knocked out of the ordinary taxpayer who is crucial to the overall success. They do not have the confidence to purchase goods and services and therefore growth is not happening in line with central bank projected statistics given to the markets and DEFLATION is a real fear.\r\n\r\nWhat is the answer?\r\n\r\nMore stimulus.\r\n\r\nThe circle begins again and the RACE TO THE BOTTOM continues.\r\n\r\nThe big central banks; FED, ECB, BOE, BOJ and PBOC all have the ability to flood the markets and pump in cash if required and to some extent they are in continual competition to ensure growth in their economies.\r\n\r\nThe RBA, RBNZ and SNB have used both jawboning and direct intervention to manipulate the markets to keep their currencies competitive through devaluation.\r\n\r\nIn last week’s blog, I made the point of saying when you are looking at the FED versus the BOJ there are trades that stand out as pretty obvious trades. This was based on the fact that no one in his or her right mind would really want to take on trading against a central bank.\r\n\r\nThis may have been a slight under-complication of matters. If all the central banks are involved, it does complicate trading a little. What I would say however is that the FED, ECB and BOJ related trades are straightforward because of the central bank monetary policies being divergent. These are great for longer-term trends.\r\n\r\nWhen you add in the BOE, SNB, RBA and RBNZ it is somewhat different and you can only really react in the short-term based around high beta news events by the central bank governors.\r\n\r\nHaving said all of that, it is a RACE TO THE BOTTOM and the biggest and deepest pockets will win, but whoever said that there was no currency manipulation going on in the world needs to review the past 5 days and then think again.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThere are 8/9 countries manipulating at the moment…never mind don’t fight the FED!!\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n<strong>SEVERAL WAYS TO OVERCOME A TRADING BURNOUT:</strong>\r\n\r\nForex trading may seem like an easy job to outsiders. To them, all a Forex trader does is sit in front of a computer, read a bunch of news articles, put up some lines on a chart, and then money will magically appear.\r\n\r\nBut every trader will tell you that is not the case. Every single time a trader goes on his trading platform, he knows that he will be exposed to a variety of stressful situations. This makes Forex traders very susceptible to what I call “mental burnout.” This pertains to the collapse of the mind due to overwork or stress.\r\n\r\nMental burnout can be triggered by many factors like overtrading, extreme market conditions, unrealistic expectations, and of course, losses.\r\n\r\nMental burnout is indeed a terrible thing as it interferes greatly with trading performance. If you want to find out whether you are undergoing or about to undergo a mental burnout, then keep on reading.\r\n\r\nThe first thing you must understand about mental burnout is that, typically, there is not one single event that can trigger it. It is a gradual process that happens over a long period of time. Burnout is also very broad, as it doesn’t only affect one part of your life. It can manifest itself in school, at work, in your relationships, and sometimes even affect the burnout victim physically.\r\n\r\nBurnout can sneak up on you without notice, so it’s very important to pay attention to the early warning signs. Below are a few questions for you to ask yourself to see if you are about to burn out or are already experiencing burn out. The more times you answer “Yes”, the more likely you are to experience burnout:\r\n<ul>\r\n	<li>Are you beginning to question why you should care about your trade rules?</li>\r\n	<li>Even with proper diet and fitness habits, are you having frequent migraines, muscle aches, and sickness?</li>\r\n	<li>Do you feel self-doubt?</li>\r\n	<li>Do you feel helpless, trapped and unmotivated?</li>\r\n	<li>Do you hold off in closing a losing trade even though you know it’s already doomed?</li>\r\n	<li>Have you started to eat more, take drugs or consume more alcohol than usual?</li>\r\n	<li>Do you feel angry towards others for the smallest reasons?</li>\r\n</ul>\r\nIf you feel that these warning signs apply to you, here are some tips that might help you recover from a trading burnout.\r\n\r\n1: TAKE A STEP BACK:\r\n\r\nWhen you are feeling more stressed about your trading than usual, you run the risk of making things worse if you force yourself to trade more and work harder. Taking a moment to unwind could help you clear your mind and make it easier for you to focus later on.\r\n\r\n2: ASK FOR HELP:\r\n\r\nMore often than not, trying to overcome a burnout on your own can result in twice the pressure you already feel. In this case, there is nothing wrong with consulting a friend or even a psychological counselor. After all, it’s possible that burnout might be a result of a different concern other than trading and it is best to isolate which problem you really need to work on.\r\n\r\n3: TAKE CONTROL:\r\n\r\nOne of the major causes of burnout is the perceived loss of control over a situation, which is something that traders could be prone to given the market’s dynamic nature. When you feel this kind of anxiety when trading, try to regain control by setting simpler goals. These can be in the form of managing your time wisely, updating you trade journal regularly, or developing a trading plan and sticking to it.\r\n\r\n4: REMEMBER THE WARNING SIGNS OF BURNOUT\r\n\r\nSimply go through the list of questions above and make sure to take it easy with your trading when you answer “Yes” more than a couple of times. Also take note of the usual factors that trigger a burnout for you and try to work your way around those problems.\r\n\r\n5: RECALL THE FEELING YOU HAD WHEN YOU FIRST STARTED TRADING:\r\n\r\nDo you remember that light bulb moment when you first understood how fundamental and technical analysis made sense? Did you fell giddy when you placed your very first trade? Use that excitement you felt when you first started trading to renew your enthusiasm for the craft. This way, you will be able to focus more on the positive aspects and less on the stressful ones.\r\n\r\n6: FIND A TRADING BUDDY or BOUNCE IDEAS OFF A CLOSE FRIEND:\r\n\r\nInstead of holding hands and cursing the Forex market, share your trading thoughts with your buddy instead. He might be able to help you determine your common mistakes and correct them, allowing you to avoid stress from these problems down the line.\r\n\r\nIf you do not have a trading buddy, use your closest friend to talk to, sometimes this will reason matters out.\r\n\r\n7: TRY AND SPOIL YOURSELF:\r\n\r\nBy this I don’t exactly mean having a relaxing massage or getting your nails done.\r\n\r\nWe all have our own ways of unwinding – be it through a beach vacation or a few rounds of golf – it is important to know what works for you and then do it. As much as I know you love trading, make sure you also do something else that you enjoy on a regular basis to avoid burnout.\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT219\r\nEUR/NZD\r\nLong\r\nCost Average: 1.5930\r\nStop at: 1.5000\r\nLimit at: 1.6440\r\nClosing Price: 1.5712\r\nCurrent Position (Profit / Loss): -218 pips\r\n(This trade is hedged from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong\r\nCost Average: 1.1260\r\nStop at: 1.1180\r\nLimit at: 1.1500\r\nClosing Price: 1.1231\r\nCurrent Position (Profit / Loss): -29 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2013\r\nCurrent Profit / Loss Position: -27 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2381\r\nStop at 1.2480\r\nLimit at 1.1860\r\nClosing Price: 1.2386\r\nCurrent Profit / Loss Position: -5 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong\r\nCost Average at: 0.9703\r\nStop at 0.9630\r\nLimit at 0.9950\r\nClosing Price: 0.9696\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort\r\nCost Average at: 1.5649\r\nStop at 1.5750\r\nLimit at 1.5450\r\nClosing Price: 1.5651\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort\r\nCost Average: 0.8670\r\nStop Loss at: 0.8750\r\nLimit At 0.8000\r\nClosing Price: 0.8667\r\nCurrent Profit / Loss Position: +3 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort\r\nCost Average: 0.7880\r\nStop Loss at: 0.7960\r\nLimit At 0.7000\r\nClosing Price: 0.7876\r\nCurrent Profit / Loss Position: +4 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9950\r\nStop Loss at: 1.9000\r\nLimit At 2.0500\r\nClosing Price: 1.9857\r\nCurrent Profit / Loss Position: -93 pips\r\n(This trade has hedging in place from -100 pips)\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI am in a number of LIVE trades at the moment and to add further risk does not sit well. There is one pair with a limit order at my broker GBP/USD (RT220) this is confirmed below, plus a trade involving the USD/JPY. This is not with my broker yet.\r\n\r\nI will be actively looking again early next week to add further positions. I am trying to get a better feel on RISK ON / RISK OFF so that I can attack more commodity cross rates. However, please bear in mind I am currently long both the EUR/NZD and GBP/NZD and they are presently losing money although I have hedged to manage manage both of them.\r\n\r\nI will require a few sessions under my belt next week to re-assess the situation.\r\n\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop Loss at: 1.5860\r\nLimit at: 1.5450\r\n\r\nPLUS:\r\n\r\nUSD/JPY\r\nLong at 117.10\r\nStop at 116.40\r\nLimit at 120.00\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\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=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CHF\r\nEUR/GBP\r\nAUD/JPY\r\nCAD/JPY\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/AUD<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2386.</strong> Some excellent jawboning from Mario Draghi has sent this pair lower. The big question now is of course, when and where will it stop. Immediate support and resistance that I am looking at is 1.2357 and 1.2420.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5651</strong>. This pair has really held up well. There was really good CPi and Retail Sales data earlier last week and this has kept the cable well bid. The EUR effect is now in play and I feel that a downside move should not be ruled out. The immediate support level to look at is 1.5600. Resistance is good at 1.5735.\r\n\r\n<strong>AUD/USD: Closing Price 0.8667</strong>. The PBOC interest rate cut screwed with this pair yesterday. What was a nice pattern moving lower sprung up like a salmon. It spent most of yesterday moving back into the trend set by RBA Governor Stevens earlier in the week. Support is good at 0.8650 and resistance at 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7876</strong>. This has been a painful pair to trade this past week. Poor Milk auction prices saw it collapse earlier in the week only to see it bounce back over the following couple of sessions. I am currently short this pair and long the EUR/NZD and GBP/NZD so at the moment my largest trading position is set around the Kiwi. Support at 0.8800 is good and resistance at 0.7960 is also strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1231.</strong> On the back of good CPi data yesterday it looks like we saw a false breakdown with this pair as it recovered handsomely off its lows below 1.1200. Support is at 1.1180 and resistance at 1.1300.\r\n\r\n<strong>USD/CHF: Closing Price 0.9696</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. However, I am long…. and, in a small enough trade not to cause RISK concerns etc. Support is at 0.9630 and resistance 0.9740.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 117.80. </strong>Wow, the run higher continues with the JPY as central bank policy from the BOJ continues to manipulate its true value. It hit 119.00 earlier last week and fell back sharply to 118.00. It is struggling to maintain 118.00 at the moment, but it is just a matter of time before it leaps forward again. Support is at 117.40 and resistance at 118.35.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – German Ifo Business Climate.\r\nMONDAY: JPY – BOJ Kuroda speaks (twice).\r\n\r\nTUESDAY: CAD – Retail Sales.\r\nTUESDAY: USD – Preliminary GDP &amp; Consumer Confidence.\r\n\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: NZD – ANZ Business Confidence.\r\n\r\nFRIDAY: EUR – CPi Flash Estimates.\r\nFRIDAY: CAD – GDP.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\"><span style=\"font-size: 10pt;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span></span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nNot as heavy a trading week coming up this week compared to last week.\r\n\r\nWe are at yet another set of crossroads. The USD (DXY) started to move to the upper area of its range and is poised for a break out. Just remember it could be a false breakout, so do not get too heavy into trades. Keep your POSITION SIZING inside your RISK MANAGEMENT levels.\r\n\r\nIf you recall, we could name 2014 the year of the false breakout. For months we seemed to be penned in by a range bound market and every time we thought that a currency had broken free it was smacked back inside the range very quickly.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 22nd 201\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\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.','#39 - ITS A RACE TO THE BOTTOM','','inherit','open','closed','','4807-revision-v1','','','2014-11-22 12:50:07','2014-11-22 17:50:07','',4807,'https://weeklyfxdrivethru.com/4807-revision-v1/',0,'revision','',0),(4810,1,'2014-11-22 13:08:25','2014-11-22 18:08:25','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#130 - THE WEEKLY FX DRIVE THRU\r\n</strong><strong>22.11.2014</strong></span></p>\r\n\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell I for one am glad that the last trading week is over. It was a very strange week from a trading perspective. Some nice profits but it was all too frantic at times. I think that the main reason for this was the fact that the USD (DXY) is in a trading range and therefore most currency pairs are likewise.\r\n\r\nYesterday (Friday) we saw Mario Draghi ECB President, jawbone (talk) the market once again and he really did a great job in weakening the EUR. Earlier in the week, on Tuesday Glenn Stevens governor of the RBA did a similar thing, whilst Shinzu Abe the Japanese Prime Minister delayed a proposed sales tax hike, dissolved parliament to set another general election in Japan to win a fresh mandate on his policies. If that was not enough, the PBOC reduced interest rates in China (this is the Chinese route to ease) just prior to the U.S. open.\r\n\r\nAll instances were directed at weakening their local currencies, thank God there is no currency war in progress. It is strange times that we live in and given central bank divergences will it become stranger?\r\n\r\nLooking back on the week, it probably would have been a good week to maybe miss the Forex market. Sideways consolidation in ranges were the order of the day, it was only after the PBOC news that ranges were broken.\r\n\r\nThe most concerning news reaction this week from my perspective was the reaction of the DXY, when on Thursday we saw two really good pieces of data from the U.S. i.e.: both Core CPi and the Philly FED Manufacturing Index (back to 2011 numbers and indicative of a GDP around 6%) the reaction from the DXY was muted. I expected it to be blasting through resistance around 88.20. Instead it stayed in side the range of 87.20 to 88.20.\r\n\r\nAs a result, I think I will manage the current batch of PREMIUM SERVICE live trades, but I am now very reluctant to enter new trades unless they are short-term pullback entry scalping trades. This is until we get a breakout.\r\n\r\nWhy, what are my reasons for this?\r\n<ol>\r\n	<li>My thoughts are that as GOLD is rising (God knows why?) and with OIL fluctuating at key support this affects USD strength. When GOLD and the USD go “up” together, which can happen, it does NOT give me comfort trading. This was happening yesterday when the EUR/USD lower move was in play.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>During last week, a Japanese Government Economics spokesman also muddied the waters stating that the USD/JPY surge to 119.00 was too fast. This is weighing a little on the pair and as a result it is having difficulty holding above 118.00, even with U.S. equities at +150 the USD/JPY was falling lower.</li>\r\n	<li>S. equities themselves up until Friday’s PBOC interest rate cut, were literally just moving very slowly point by point on thin trading volume to new highs each day. Who believes that this market can continue to grind higher? Do I think we are at that point? The biggest buyers in the markets are still apparently companies buying back their own shares to manipulate their earnings to satisfy analysts and investors. Therefore, in my opinion, the markets are screwed up as far as I can determine.</li>\r\n</ol>\r\nI am fundamentally in my plan still long the USD but I need a technical confirmation before I move back in the trades and trade sizes. I trust that this makes some sense.\r\n\r\nMy final comments from last week are still valid: -\r\n\r\n<strong><em>Looking forward; my fundamental trading ideas are still intact. I still have my “PLAN A” on the table. It is based very simply and primarily on the four bullet points below: -</em></strong>\r\n<ul>\r\n	<li><strong><em>The end of QE (Quantitative Easing) in the U.S.</em></strong></li>\r\n	<li><strong><em>The FED stating that interest rate rises will happen in 2015.</em></strong></li>\r\n	<li><strong><em>FED and ECB on divergent monetary policies.</em></strong></li>\r\n	<li><strong><em>FED and BOJ on divergent monetary policies.</em></strong></li>\r\n</ul>\r\n<strong><em>I firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.</em></strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> THE PREMIUM SERVICE:\r\n</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nAs I stated earlier I found the past week a strange week to trade. I was never 100% fully confident in the moves and this plagued me as the week progressed.\r\n\r\nWhilst the PREMIUM SERVICE moved forward with profits I took just one loss, which was as a result of a poor entry on my part. It is always so easy to look back and identify were you as a trader screwed up. I just wish that once I would have put my hands in my pocket and not traded. Just goes to show, I am human and NOT a robot.\r\n\r\nIn the week for STANDARD LOT traders they added $2,500.00, MINI LOT traders $250.00 and MICRO LOT traders a further $25.00. As I repeatedly tell traders as long as you are adding all is good.\r\n\r\nI knew as the week started that I had to be aware of sideways consolidation. However, I am pleased to have made profits, so its time to move forward once again.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 40\r\n\r\nPROFITABLE TRADES                   = 34 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 6 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 474 trades at a cost of $47.40 and earned from those trades $1,032.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $142.20 ($47.40 x 3) and from those trades you would have earned $3,098.10 ($1032.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 474 trades at a cost of $474.00 and earned from those trades $10,327.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,422.00 ($474.00 x 3) and from those trades you would have earned $30,981.00 ($10,327.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 474 trades at a cost of $4,740.00 and earned from those trades $103,270.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,220.00 ($4,740.00 x 3) and from those trades you would have earned $309,810.00 ($103,270.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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/2014/11/PREM-SERVICE-PROFITS1-22112014.png\"><img class=\"aligncenter size-full wp-image-4800\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-22112014.png\" alt=\"PREM SERVICE PROFITS1 22112014\" width=\"450\" height=\"429\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\"><img class=\"aligncenter size-full wp-image-4801\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\" alt=\"PREM SERV PROFITS2 22112014\" width=\"462\" height=\"425\" /></a>\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>IT’S A RACE TO THE BOTTOM</strong></span></p>\r\nI am really following on from last week’s article.\r\n\r\nI mentioned this a little in the INTRODUCTION but this week really showed what an artificial economic environment we are living in and trading in around the world.\r\n\r\nThere were 5 major news events in the past week and they all had a common denominator: -\r\n\r\nAUD – Glenn Stevens RBA Governor was speaking about RBA Policy.\r\nJPY – Abe and Kuroda in Japan delayed Sales Tax but committed to more QE.\r\nUSD – FOMC Meeting Minutes released.\r\nECB – Draghi speaks in Frankfurt about ECB Monetary Policy.\r\nCNY – PBOC reduces interest rates and frees up bank rules in China.\r\n\r\nAll of the above were central bank related activities either direct or through the central bank chiefs.\r\n\r\nIt is a race to see who can have the weakest currency. Four of the five events above from last week were pre-meditated strikes to de-value their currency.\r\n\r\nThe exception was the USD. However, I must point out all prior comments and sound-bytes from Janet Yellen were more HAWKISH than DOVISH. The surprise was that the minutes released were far more DOVISH than previous comments from Janet Yellen. The market reaction to the data release was mixed; we saw USD weakness then after the knee-jerk reaction some 30-45 minutes later after the release USD strength came through the Forex market.\r\n\r\nThe other four events were full on jawboning easing.\r\n\r\nWe have divergence, between the FED, possibly the BOE and the rest of the major central banks.\r\n\r\nThe FED and the BOE are in the camp of raising rates either next year or early 2016, whereas the remaining central banks monetary policies are still based off easing.\r\n\r\nLooking from a distance, one of the most interesting factors looking forward is how will the central banks that are now easing, how will they exit?\r\n\r\nWe have seen the very careful way that the FED used a tapering program to reduce the amount of ABS purchases each month. There were intense, deliberate fore warnings of what going to happen and when.\r\n\r\nI suppose given the decades of problems in Japan, I should be asking myself will I be alive to see how the BOJ exits Quantitative Easing? Assuming I am, and given the size of the BOJ Quantitative Easing, it will be an interesting prospect to witness. I am assuming that they will taper and follow the FED’s example but this is years and years away\r\n\r\nOne aspect of central bank easing that does interest me is the way that the ECB has tackled problems since the Financial Crash of 2007-8. The ECB being controlled by Germany (despite the rhetoric to the contrary) used the AUSTRIAN SCHOOL of economics to tackle the crash.\r\n\r\nThis is based on Austerity. Basically, everyone pays up front through higher taxation to pump money though the financial system to create stability. Businesses are allowed to fail. One can argue that this has not worked given that some 6 years later the ECB is looking at QE to solve its lack of growth and DEFLATION. Was the Austerity worth it, given that now they are about to embark on QE?\r\n\r\nThe FED approach was to pump the markets full of central bank cash (THE KEYNESIAN THEORY); pure stimulus aimed at flooding banks with cheap cash to allow them to stabilize and as the banking system settles so do the markets. The FED was focused on support. Now the resulting deficit has to be paid back.\r\n\r\nThe similarity to both approaches is that the resulting invoice / bill for the stability has to be paid by the people. This is why the central banks are looking for a bit of inflation to help reduce the costs.\r\n\r\nUnfortunately, the stuffing was knocked out of the ordinary taxpayer who is crucial to the overall success. They do not have the confidence to purchase goods and services and therefore growth is not happening in line with central bank projected statistics given to the markets and DEFLATION is a real fear.\r\n\r\nWhat is the answer?\r\n\r\nMore stimulus.\r\n\r\nThe circle begins again and the RACE TO THE BOTTOM continues.\r\n\r\nThe big central banks; FED, ECB, BOE, BOJ and PBOC all have the ability to flood the markets and pump in cash if required and to some extent they are in continual competition to ensure growth in their economies\r\n\r\nThe RBA, RBNZ and SNB have used both jawboning and direct intervention to manipulate the markets to keep their currencies competitive through devaluation.\r\n\r\nIn last week’s blog, I made the point of saying when you are looking at the FED versus the BOJ there are trades that stand out as pretty obvious trades. This was based on the fact that no one in his or her right mind would really want to take on trading against a central bank.\r\n\r\nThis may have been a slight under-complication of matters. If all the central banks are involved, it does complicate trading a little. What I would say however is that the FED, ECB and BOJ related trades are straightforward because of the central bank monetary policies being divergent. These are great for longer-term trends.\r\n\r\nWhen you add in the BOE, SNB, RBA and RBNZ it is somewhat different and you can only really react in the short-term based around high beta news events by the central bank governors.\r\n\r\nHaving said all of that, it is a RACE TO THE BOTTOM and the biggest and deepest pockets will win, but whoever said that there was no currency manipulation going on in the world needs to review the past 5 days and then think again.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThere are 8/9 countries manipulating at the moment…never mind don’t fight the FED!!\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n4.5 FUNDAMENTAL TRADES - LOOKING FORWARD TO LONGER-TERM TRADING IN 2015\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2386.</strong> Some excellent jawboning from Mario Draghi has sent this pair lower. The big question now is of course, when and where will it stop. Immediate support and resistance that I am looking at is 1.2357 and 1.2420.\r\n\r\n<strong>GBP/USD: Closing Price 1.5651</strong>. This pair has really held up well. There was really good CPi and Retail Sales data earlier last week and this has kept the cable well bid. The EUR effect is now in play and I feel that a downside move should not be ruled out. The immediate support level to look at is 1.5600. Resistance is good at 1.5735.\r\n\r\n<strong>AUD/USD: Closing Price 0.8667</strong>. The PBOC interest rate cut screwed with this pair yesterday. What was a nice pattern moving lower sprung up like a salmon. It spent most of yesterday moving back into the trend set by RBA Governor Stevens earlier in the week. Support is good at 0.8650 and resistance at 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7876</strong>. This has been a painful pair to trade this past week. Poor Milk auction prices saw it collapse earlier in the week only to see it bounce back over the following couple of sessions. I am currently short this pair and long the EUR/NZD and GBP/NZD so at the moment my largest trading position is set around the Kiwi. Support at 0.8800 is good and resistance at 0.7960 is also strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1231.</strong> On the back of good CPi data yesterday it looks like we saw a false breakdown with this pair as it recovered handsomely off its lows below 1.1200. Support is at 1.1180 and resistance at 1.1300.\r\n\r\n<strong>USD/CHF: Closing Price 0.9696</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. However, I am long…. and, in a small enough trade not to cause RISK concerns etc. Support is at 0.9630 and resistance 0.9740.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 117.80. </strong>Wow, the run higher continues with the JPY as central bank policy from the BOJ continues to manipulate its true value. It hit 119.00 earlier last week and fell back sharply to 118.00. It is struggling to maintain 118.00 at the moment, but it is just a matter of time before it leaps forward again. Support is at 117.40 and resistance at 118.35.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\n&nbsp;\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – German Ifo Business Climate.\r\nMONDAY: JPY – BOJ Kuroda speaks (twice).\r\n\r\nTUESDAY: CAD – Retail Sales.\r\nTUESDAY: USD – Preliminary GDP &amp; Consumer Confidence.\r\n\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: NZD – ANZ Business Confidence.\r\n\r\nFRIDAY: EUR – CPi Flash Estimates.\r\nFRIDAY: CAD – GDP.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"text-decoration: underline;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nNot as heavy a trading week coming up this week compared to last week.\r\n\r\nWe are at yet another set of crossroads. The USD (DXY) started to move to the upper area of its range and is poised for a break out. Just remember it could be a false breakout, so do not get too heavy into trades. Keep your POSITION SIZING inside your RISK MANAGEMENT levels.\r\n\r\nIf you recall, we could name 2014 the year of the false breakout. For months we seemed to be penned in by a range bound market and every time we thought that a currency had broken free it was smacked back inside the range very quickly.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 22nd 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\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.','IT\'S A RACE TO THE BOTTOM','','publish','open','closed','','race-bottom','','','2014-11-22 13:08:25','2014-11-22 18:08:25','',0,'https://weeklyfxdrivethru.com/?p=4810',0,'post','',0),(4811,1,'2014-11-22 13:05:31','2014-11-22 18:05:31','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#130 - THE WEEKLY FX DRIVE THRU\r\n</strong><strong>22.11.2014</strong></span></p>\r\n<p style=\"text-align: center;\"></p>\r\n\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell I for one am glad that the last trading week is over. It was a very strange week from a trading perspective. Some nice profits but it was all too frantic at times. I think that the main reason for this was the fact that the USD (DXY) is in a trading range and therefore most currency pairs are likewise.\r\n\r\nYesterday (Friday) we saw Mario Draghi ECB President, jawbone (talk) the market once again and he really did a great job in weakening the EUR. Earlier in the week, on Tuesday Glenn Stevens governor of the RBA did a similar thing, whilst Shinzu Abe the Japanese Prime Minister delayed a proposed sales tax hike, dissolved parliament to set another general election in Japan to win a fresh mandate on his policies. If that was not enough, the PBOC reduced interest rates in China (this is the Chinese route to ease) just prior to the U.S. open.\r\n\r\nAll instances were directed at weakening their local currencies, thank God there is no currency war in progress. It is strange times that we live in and given central bank divergences will it become stranger?\r\n\r\nLooking back on the week, it probably would have been a good week to maybe miss the Forex market. Sideways consolidation in ranges were the order of the day, it was only after the PBOC news that ranges were broken.\r\n\r\nThe most concerning news reaction this week from my perspective was the reaction of the DXY, when on Thursday we saw two really good pieces of data from the U.S. i.e.: both Core CPi and the Philly FED Manufacturing Index (back to 2011 numbers and indicative of a GDP around 6%) the reaction from the DXY was muted. I expected it to be blasting through resistance around 88.20. Instead it stayed in side the range of 87.20 to 88.20.\r\n\r\nAs a result, I think I will manage the current batch of PREMIUM SERVICE live trades, but I am now very reluctant to enter new trades unless they are short-term pullback entry scalping trades. This is until we get a breakout.\r\n\r\nWhy, what are my reasons for this?\r\n<ol>\r\n	<li>My thoughts are that as GOLD is rising (God knows why?) and with OIL fluctuating at key support this affects USD strength. When GOLD and the USD go “up” together, which can happen, it does NOT give me comfort trading. This was happening yesterday when the EUR/USD lower move was in play.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>During last week, a Japanese Government Economics spokesman also muddied the waters stating that the USD/JPY surge to 119.00 was too fast. This is weighing a little on the pair and as a result it is having difficulty holding above 118.00, even with U.S. equities at +150 the USD/JPY was falling lower.</li>\r\n	<li>S. equities themselves up until Friday’s PBOC interest rate cut, were literally just moving very slowly point by point on thin trading volume to new highs each day. Who believes that this market can continue to grind higher? Do I think we are at that point? The biggest buyers in the markets are still apparently companies buying back their own shares to manipulate their earnings to satisfy analysts and investors. Therefore, in my opinion, the markets are screwed up as far as I can determine.</li>\r\n</ol>\r\nI am fundamentally in my plan still long the USD but I need a technical confirmation before I move back in the trades and trade sizes. I trust that this makes some sense.\r\n\r\nMy final comments from last week are still valid: -\r\n\r\n<strong><em>Looking forward; my fundamental trading ideas are still intact. I still have my “PLAN A” on the table. It is based very simply and primarily on the four bullet points below: -</em></strong>\r\n<ul>\r\n	<li><strong><em>The end of QE (Quantitative Easing) in the U.S.</em></strong></li>\r\n	<li><strong><em>The FED stating that interest rate rises will happen in 2015.</em></strong></li>\r\n	<li><strong><em>FED and ECB on divergent monetary policies.</em></strong></li>\r\n	<li><strong><em>FED and BOJ on divergent monetary policies.</em></strong></li>\r\n</ul>\r\n<strong><em>I firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.</em></strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> THE PREMIUM SERVICE:\r\n</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nAs I stated earlier I found the past week a strange week to trade. I was never 100% fully confident in the moves and this plagued me as the week progressed.\r\n\r\nWhilst the PREMIUM SERVICE moved forward with profits I took just one loss, which was as a result of a poor entry on my part. It is always so easy to look back and identify were you as a trader screwed up. I just wish that once I would have put my hands in my pocket and not traded. Just goes to show, I am human and NOT a robot.\r\n\r\nIn the week for STANDARD LOT traders they added $2,500.00, MINI LOT traders $250.00 and MICRO LOT traders a further $25.00. As I repeatedly tell traders as long as you are adding all is good.\r\n\r\nI knew as the week started that I had to be aware of sideways consolidation. However, I am pleased to have made profits, so its time to move forward once again.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 40\r\n\r\nPROFITABLE TRADES                   = 34 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 6 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 474 trades at a cost of $47.40 and earned from those trades $1,032.70 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MICRO lot trades at a time your cost to trade would have been $142.20 ($47.40 x 3) and from those trades you would have earned $3,098.10 ($1032.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 474 trades at a cost of $474.00 and earned from those trades $10,327.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,422.00 ($474.00 x 3) and from those trades you would have earned $30,981.00 ($10,327.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 474 trades at a cost of $4,740.00 and earned from those trades $103,270.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,220.00 ($4,740.00 x 3) and from those trades you would have earned $309,810.00 ($103,270.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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/2014/11/PREM-SERVICE-PROFITS1-22112014.png\"><img class=\"aligncenter size-full wp-image-4800\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-22112014.png\" alt=\"PREM SERVICE PROFITS1 22112014\" width=\"450\" height=\"429\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\"><img class=\"aligncenter size-full wp-image-4801\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\" alt=\"PREM SERV PROFITS2 22112014\" width=\"462\" height=\"425\" /></a>\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 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><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>IT’S A RACE TO THE BOTTOM</strong></span></p>\r\nI am really following on from last week’s article.\r\n\r\nI mentioned this a little in the INTRODUCTION but this week really showed what an artificial economic environment we are living in and trading in around the world.\r\n\r\nThere were 5 major news events in the past week and they all had a common denominator: -\r\n\r\nAUD – Glenn Stevens RBA Governor was speaking about RBA Policy.\r\nJPY – Abe and Kuroda in Japan delayed Sales Tax but committed to more QE.\r\nUSD – FOMC Meeting Minutes released.\r\nECB – Draghi speaks in Frankfurt about ECB Monetary Policy.\r\nCNY – PBOC reduces interest rates and frees up bank rules in China.\r\n\r\nAll of the above were central bank related activities either direct or through the central bank chiefs.\r\n\r\nIt is a race to see who can have the weakest currency. Four of the five events above from last week were pre-meditated strikes to de-value their currency.\r\n\r\nThe exception was the USD. However, I must point out all prior comments and sound-bytes from Janet Yellen were more HAWKISH than DOVISH. The surprise was that the minutes released were far more DOVISH than previous comments from Janet Yellen. The market reaction to the data release was mixed; we saw USD weakness then after the knee-jerk reaction some 30-45 minutes later after the release USD strength came through the Forex market.\r\n\r\nThe other four events were full on jawboning easing.\r\n\r\nWe have divergence, between the FED, possibly the BOE and the rest of the major central banks.\r\n\r\nThe FED and the BOE are in the camp of raising rates either next year or early 2016, whereas the remaining central banks monetary policies are still based off easing.\r\n\r\nLooking from a distance, one of the most interesting factors looking forward is how will the central banks that are now easing, how will they exit?\r\n\r\nWe have seen the very careful way that the FED used a tapering program to reduce the amount of ABS purchases each month. There were intense, deliberate fore warnings of what going to happen and when.\r\n\r\nI suppose given the decades of problems in Japan, I should be asking myself will I be alive to see how the BOJ exits Quantitative Easing? Assuming I am, and given the size of the BOJ Quantitative Easing, it will be an interesting prospect to witness. I am assuming that they will taper and follow the FED’s example but this is years and years away\r\n\r\nOne aspect of central bank easing that does interest me is the way that the ECB has tackled problems since the Financial Crash of 2007-8. The ECB being controlled by Germany (despite the rhetoric to the contrary) used the AUSTRIAN SCHOOL of economics to tackle the crash.\r\n\r\nThis is based on Austerity. Basically, everyone pays up front through higher taxation to pump money though the financial system to create stability. Businesses are allowed to fail. One can argue that this has not worked given that some 6 years later the ECB is looking at QE to solve its lack of growth and DEFLATION. Was the Austerity worth it, given that now they are about to embark on QE?\r\n\r\nThe FED approach was to pump the markets full of central bank cash (THE KEYNESIAN THEORY); pure stimulus aimed at flooding banks with cheap cash to allow them to stabilize and as the banking system settles so do the markets. The FED was focused on support. Now the resulting deficit has to be paid back.\r\n\r\nThe similarity to both approaches is that the resulting invoice / bill for the stability has to be paid by the people. This is why the central banks are looking for a bit of inflation to help reduce the costs.\r\n\r\nUnfortunately, the stuffing was knocked out of the ordinary taxpayer who is crucial to the overall success. They do not have the confidence to purchase goods and services and therefore growth is not happening in line with central bank projected statistics given to the markets and DEFLATION is a real fear.\r\n\r\nWhat is the answer?\r\n\r\nMore stimulus.\r\n\r\nThe circle begins again and the RACE TO THE BOTTOM continues.\r\n\r\nThe big central banks; FED, ECB, BOE, BOJ and PBOC all have the ability to flood the markets and pump in cash if required and to some extent they are in continual competition to ensure growth in their economies\r\n\r\nThe RBA, RBNZ and SNB have used both jawboning and direct intervention to manipulate the markets to keep their currencies competitive through devaluation.\r\n\r\nIn last week’s blog, I made the point of saying when you are looking at the FED versus the BOJ there are trades that stand out as pretty obvious trades. This was based on the fact that no one in his or her right mind would really want to take on trading against a central bank.\r\n\r\nThis may have been a slight under-complication of matters. If all the central banks are involved, it does complicate trading a little. What I would say however is that the FED, ECB and BOJ related trades are straightforward because of the central bank monetary policies being divergent. These are great for longer-term trends.\r\n\r\nWhen you add in the BOE, SNB, RBA and RBNZ it is somewhat different and you can only really react in the short-term based around high beta news events by the central bank governors.\r\n\r\nHaving said all of that, it is a RACE TO THE BOTTOM and the biggest and deepest pockets will win, but whoever said that there was no currency manipulation going on in the world needs to review the past 5 days and then think again.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThere are 8/9 countries manipulating at the moment…never mind don’t fight the FED!!\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2386.</strong> Some excellent jawboning from Mario Draghi has sent this pair lower. The big question now is of course, when and where will it stop. Immediate support and resistance that I am looking at is 1.2357 and 1.2420.\r\n\r\n<strong>GBP/USD: Closing Price 1.5651</strong>. This pair has really held up well. There was really good CPi and Retail Sales data earlier last week and this has kept the cable well bid. The EUR effect is now in play and I feel that a downside move should not be ruled out. The immediate support level to look at is 1.5600. Resistance is good at 1.5735.\r\n\r\n<strong>AUD/USD: Closing Price 0.8667</strong>. The PBOC interest rate cut screwed with this pair yesterday. What was a nice pattern moving lower sprung up like a salmon. It spent most of yesterday moving back into the trend set by RBA Governor Stevens earlier in the week. Support is good at 0.8650 and resistance at 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7876</strong>. This has been a painful pair to trade this past week. Poor Milk auction prices saw it collapse earlier in the week only to see it bounce back over the following couple of sessions. I am currently short this pair and long the EUR/NZD and GBP/NZD so at the moment my largest trading position is set around the Kiwi. Support at 0.8800 is good and resistance at 0.7960 is also strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1231.</strong> On the back of good CPi data yesterday it looks like we saw a false breakdown with this pair as it recovered handsomely off its lows below 1.1200. Support is at 1.1180 and resistance at 1.1300.\r\n\r\n<strong>USD/CHF: Closing Price 0.9696</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. However, I am long…. and, in a small enough trade not to cause RISK concerns etc. Support is at 0.9630 and resistance 0.9740.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 117.80. </strong>Wow, the run higher continues with the JPY as central bank policy from the BOJ continues to manipulate its true value. It hit 119.00 earlier last week and fell back sharply to 118.00. It is struggling to maintain 118.00 at the moment, but it is just a matter of time before it leaps forward again. Support is at 117.40 and resistance at 118.35.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – German Ifo Business Climate.\r\nMONDAY: JPY – BOJ Kuroda speaks (twice).\r\n\r\nTUESDAY: CAD – Retail Sales.\r\nTUESDAY: USD – Preliminary GDP &amp; Consumer Confidence.\r\n\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: NZD – ANZ Business Confidence.\r\n\r\nFRIDAY: EUR – CPi Flash Estimates.\r\nFRIDAY: CAD – GDP.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"text-decoration: underline;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nNot as heavy a trading week coming up this week compared to last week.\r\n\r\nWe are at yet another set of crossroads. The USD (DXY) started to move to the upper area of its range and is poised for a break out. Just remember it could be a false breakout, so do not get too heavy into trades. Keep your POSITION SIZING inside your RISK MANAGEMENT levels.\r\n\r\nIf you recall, we could name 2014 the year of the false breakout. For months we seemed to be penned in by a range bound market and every time we thought that a currency had broken free it was smacked back inside the range very quickly.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 22nd 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\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.','ITS A RACE TO THE BOTTOM','','inherit','open','closed','','4810-revision-v1','','','2014-11-22 13:05:31','2014-11-22 18:05:31','',4810,'https://weeklyfxdrivethru.com/4810-revision-v1/',0,'revision','',0),