<p style="text-align: left;" align="center"><b><span style="text-decoration: underline;">1. INTRODUCTION:</span></b></p>
Last week I wrote about survival tactics in a chop fest market. I had lots of feedback about that piece and I would just like to say that inside the PREMIUM SERVICE each week I am adding similar useful content to hopefully help us all be better traders

That aside, the “Chop Fest” continues and more importantly for most of us we are at yet another set of crossroads. This time probably one of the most important crossroads for sometime. I have written many times stating that what appears to make common sense is irrelevant when trading to a large extent, simply because we have to deal the hand that we are dealt. Fundamentally, I just cannot see any validation for equities to keep grinding higher, yet they are. It is therefore time to sit back, be more conservative than usual, limit trades and focus on currency pairs that are to the greatest extent possible indemnified from the noise that surrounds the USD and to a lesser extent the JPY.

Despite the deep thinking and strategy amendments that are in the mix last week was a profitable week. It was to coin a phrase “Hairy at times” but still a plus number at the end of the week.

For those of you who are newish to trading: if you are able to keep your head above water in these trading conditions…. well done! I find these large / wild swings in the markets very difficult to trade, never mind manage. The best example was on Wednesday last week around the 11.30am European Fix, both the EUR and GBP fell 80 pips in 7 minutes, bounced back 90 pips in the next 5 minutes and then pulled back again. It does NOT matter how good you think you are, these conditions can shatter confidence and liquidate accounts if you do not trade with protection.

As I wrote last week, now is the time whilst we at the crossroads / inflection point to take smaller positions with wider stops or just stand aside. The market takes no prisoners…it just kills by squeezing the last ounce out of you.

Next week is a massive news week. There are several high level news events that are market moving, so we have to be very careful the way we trade and what exposure we have around these news events.

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<b><span style="text-decoration: underline;">2. TRADING SUMMARY:</span></b>
<p align="center"><b><span style="text-decoration: underline;">RADAR, FLASH and FUNDAMENTAL TRADES</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">FEBRUARY 2014 and YEAR to date:</span></b></p>

Below I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE.
<p style="text-align: center;"><b><span style="text-decoration: underline;">RADAR TRADES – FEBRUARY 2014:</span></b></p>
<p align="center"><b></b><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
<span style="line-height: 1.5em;">14 trades at $0.10 cents each = $1.40 risk for $18.80 profit.</span></p>
<p align="center">1 x MINI-LOT:
14 trades at $1.00 each = $14.00 risk for $188.00 profit.</p>
<p align="center">1 x STANDARD LOT:
14 trades at $10.00 each = $140.00 risk for $1,880.00 profit.</p>
<p style="text-align: center;"><b><span style="text-decoration: underline;">FLASH TRADES – FEBRUARY 2014:</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
28 trades at $0.10 cents each = $2.80 cents risk for $65.50 profit.</p>
<p align="center">1 x MINI-LOT:
28 trades at $1.00 each = $28.00 risk for $655.00 profit.</p>
<p align="center">1 x STANDARD LOT:
28 trades at $10.00 each = $280.00 risk for $6,550.00 profit.<b style="line-height: 1.5em;"><span style="text-decoration: underline;"> </span></b></p>
<p style="text-align: center;"><b><span style="text-decoration: underline;">FUNDAMENTAL TRADES – FEBRUARY 2014:</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED FUNDAMENTAL TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
20 trades at $0.10 cents each = $2.00 cents risk for $15.50 profit</p>
<p align="center">1 x MINI-LOT:|
20 trades at $1.00 each = $20.00 risk for $155.00 profit.</p>
<p align="center">1 x STANDARD LOT:
20 trades at $10.00 each = $200.00 risk for $1,550.00 profit</p>
<p align="center"><b><span style="text-decoration: underline;">COMBINED FLASH, RADAR AND FUNDAMENTAL TRADES PROFIT PERFORMANCE</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">FEBRUARY 2014…SO FAR:</span></b></p>
<p align="center">TRADING MICRO-LOTS:
62 trades at $0.10 cents each = $6.20 risk for $99.80 profit.</p>
<p align="center">TRADING MINI-LOTS:|
62 trades at $1.00 each = $62.00 risk for $998.00 profit</p>
<p align="center">TRADING STANDARD LOTS:
62 trades at $10.00 each = $620.00 risk for $9,980.00 profit.</p>
<p align="center"><b><span style="text-decoration: underline;">COMBINED FLASH, RADAR AND FUNDAMENTAL TRADES PROFIT PERFORMANCE</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">TOTAL 2014…SO FAR:</span></b></p>
<p align="center"> TRADING MICRO-LOTS:
109 trades at $0.10 cents each = $10.90 risk for $178.30 profit.</p>
<p align="center">TRADING MINI-LOTS:
109 trades at $1.00 each = $109.00 risk for $1,783.00 profit.</p>
<p align="center"> TRADING STANDARD LOTS:
109 trades at $10.00 each = $1,090.00 risk for $17,830 profit.</p>
The above examples are for illustration purposes only:

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

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

The 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.

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<b><span style="text-decoration: underline;">3. THE FUNDAMENTAL TRADERS OVERVIEW:</span></b><b> </b>
<p align="center"><b>AT THE CROSSROADS AGAIN…FEAR RULES GREED AT THE MOMENT:</b></p>
Below is the EUR/USD monthly chart.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/EURUSD-MONTHLY-01.03.2014.png"><img class="aligncenter size-large wp-image-3289" alt="EURUSD MONTHLY 01.03.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/EURUSD-MONTHLY-01.03.2014-1024x522.png" width="1024" height="522" /></a>

Following the Eurozone GDP release yesterday (Friday), which confirmed what Draghi had intimated the previous day ie: regarding the fact that he proclaimed that DEFLATION was not a current concern in the Eurozone. the EUR/USD rallied through 1.3800 to sit right on trend line resistance. Whichever way you look at this, when you combine this level of upward momentum in the EUR/USD with the relentless upward grind that we have had in equities to reach all time highs, together with big fibonacci extensions and we have a crossroads.

The market is what it is…

As traders we have to react and trade within what the market does whether we agree with the way the market implements news or reacts to technical levels. This can be a difficult pill to swallow if, like me, you are a fundamental before technical trader.

My views were that equities should pullback and roll over. The S&amp;P should be challenging 1730-1750 in my opinion not pushing through Fibonacci extensions looking as though 1700 is the next objective.

I also thought that with the FED’s change in monetary policy i.e. tapering, that this would have strengthened the USD and this would have together with an equity pullback, brought about a target of 1.3000 or less in the EUR/USD. It simply has NOT happened.

It looks like I am going to be wrong, with my assumptions.

Most of the indicators that have served me well in the past are giving me the signs:
<p align="center"><i>AUD/USD - yes</i></p>
<p align="center"><i>USD/CAD - yes</i></p>
<p align="center"><i>GOLD - yes</i></p>
<p align="center"><i>COPPER - yes</i></p>
<p align="center"><i>OIL - no</i></p>
But since I started getting excited about the market dis-connects, with the amount of time that has gone by, one would have thought that USD strength would have powering through the markets by now. It is just not happening.

Or

Maybe it is just all about to happen now that the EUR/USD is at trend line resistance.

I think that this is probably wishful thinking. I am now 80% certain that we are heading for a full on bull-run in equities and the EUR/USD is heading into the 1.40’s.

In my opinion, it was 9 months ago when the correlations and dis-connects started. The AUD/USD started it’s disconnect from the S&amp;P in May 2013 when it fell from 1.0400. Since then it has at times been supported by the S&amp;P but generally speaking it was trading opposite. Given where the S&amp;P is right now, one would have expected the AUD/USD to be sitting at 1.1500 to 1.2000 and the USD/CAD to be at 0.8500

The EUR/USD is pushed up right against resistance at 1.3808; It is trend line resistance and a 61.8% Fibonacci level as well.

Allowing for a little wiggle room and a stop loss run, I would say 1.3900 is the level to watch. A break above 1.3900 and it’s a squeeze much higher, the rest is history as they say. Given that the EUR/USD is the primary currency in the forex market it will very heavily influence what happens overall.

Now a few regular readers, may be saying only two /three weeks ago I was talking about placing a stop in the EUR/USD at 1.3900, targeting 1.3000 closing my eyes and going short. I was that trader. I took that trade but exited.

Since looking at the EUR/USD short option a couple of weeks ago, market sentiment has not altered. The equities markets look at times very twitchy and that is why I am 100% USD bearish yet. However, we did hear twice from FED Chair Janet Yellen and she never put a foot wrong with her testimony. As mentioned earlier tapering has had no effect on the USD. In fact when she (Janet Yellen) talked about sticking to the tapering plan the USD weakened as equities climbed, I expected the opposite. So to coin a phrase I do not want to be waiting in the harbor for a plane to land, or sitting in the airport terminal waiting for my ship to dock.

The bull / bear line in the sand sits around 1.3860 –1.3900 in the EUR/USD. If we break through these levels, we take off to new levels and new ranges.

That being said, as I have said a few times the markets are twitchy, there is a FEAR factor in play that means nobody wants to be buying at the highs…would you? Common sense suggests that the bull-run that equities have been on for over 12 months needs a substantial pullback of at least 15%-20%.

I believe FEAR rules GREED right now, but, one cannot dismiss the numbers, we are still grinding higher.

In my opinion trading here is dangerous in the sense that there is obviously at such elevated levels and inflection points a huge amount of buyer – seller activity. Each side will be trying to prevent the opposite from happening.

Therefore this is what I see as “the trader” options:
<ol>
	<li>Stop trading until the direction is clear after seeing who wins the battle of the inflection points…BULLS or BEARS.</li>
	<li>Do not touch the EUR/USD or GBP/USD as they are set for some very wild / volatile sessions ahead.
Trade the commodity cross rates instead.
EUR/AUD, GBP/AUD
EUR/CAD, GBP/CAD
EUR/NZD, GBP/NZD</li>
	<li>If you have to trade the USD, use the PULLBACK STRATEGY to enter trades in USD related currencies and only trade very short term intraday trades. Hover over your computer like a hawk.
I still think that your risk is much lower if you trade the commodity currencies: - AUDUSD, NZD/USD, USD/CAD, USD/SEK and USD/NOK.</li>
</ol>
My option will be option 2 from the three options I have offered above. I see this a lower risk, although the currencies involved are very volatile. Mini lots only or even multiple micro lots until we get clarity.

<b><i><span style="text-decoration: underline;">The following is a trade idea for PREMIUM SERVICE subscribers only.</span></i></b>

<b><i>Here is the bonus from my suggested trade strategy above:</i></b>

<b><i>The EUR/USD looks very bullish and the closing weekly candle looks extremely bullish. It is heading much, much higher into the 1.40’s in my opinion. Up is the line of least resistance.
The AUD/USD is very, very weak.
If the EUR rises and the AUD falls…what happens to the EUR/AUD?</i></b>

<b><i>I think, potentially a thousand pips minimum is available to the long side, it can potentially have a super explosive move higher.</i></b>

<b><i>If the NZD starts to follow the AUD lower and the GBP jumps higher with the EUR. The NZD crosses come into play as better options for long side trades. The biggest potential moves are in the EUR/NZD and GBP/NZD. Both these pairs are very volatile but use MONEY MANAGEMENT controls and ACCOUNT MANAGEMENT discipline. There are thousands of pips available. Above 1.6800 in the EUR/NZD and 2.0500 in the GBP/NZD are breakout levels.</i></b>

<b><i>In general, all the commodity crosses are great potential long trades with thousands of pips available.</i></b>

It is very, very volatile and this requires careful conservative trading.

Good luck and most of all do not try to be a hero.

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

As promised from last week, here is the second part of my TRADING PLANS document.
<p align="center"><b><span style="text-decoration: underline;">FOLLOWING YOUR TRADING PLAN</span></b></p>
Let’s say that you have made a very detailed TRADING PLAN.
<ul>
	<li>You know the rules that you are going to follow to place a trade.</li>
	<li>You have maybe even drawn up a checklist to be by the side of your computer to make sure that you follow the guidelines.</li>
	<li>You have your money management / risk strategy in position and you know how much you will risk on each trade placed.</li>
	<li>You may even have noted in your TRADING PLAN that you will only enter a trade with a pre-determined risk / reward ratio.</li>
	<li>You know what times you are going to trade and what currency pairs you will focus on.</li>
	<li>You have your journal / spreadsheet ready to track and provide further trade analysis.</li>
</ul>
This is the easy part. You can study all you want and can dummy trade “until the cows come home”; the bottom line though is that until real money is on the table it’s all theory, nice as it may be. When your $$$$ are on the line, it is a different ball game.

Having a great detailed TRADING PLAN is fantastic but unless it is executed in line with your parameters, it is pointless and you have wasted a great deal of your time putting it together.

Regular readers of my blogs over the years will know that I am 100% in agreement with many trading gurus that FEAR and GREED drive the markets. These are basic human traits. In trading, the biggest obstacle that prevents most traders from being successful is NOT following their TRADING PLAN…the factors that prevent them following their own guidelines are most of the time psychological.

Psychological issues can prevent the profitability of a trading performance. If you have been trading for sometime, I am certain that you have felt at times that you are not making as much money as you should be based on the TRADING PLAN that is in place. Most of the time when you analyze your results emotion plays a huge part, and at the end of the day we are human and humans have emotions.

There are probably three mistakes that can ruin even the best TRADING PLAN.
<ol>
	<li>Taking a trade that is NOT part of you guidelines.</li>
	<li>NOT taking a trade that is within your guidelines.</li>
	<li>Changing the guidelines of your plan based upon an event.</li>
</ol>
Taking a trade that is not part of you plan is tempting. There are many reasons why you as a trader would do this.
<ul>
	<li>You have a series of poor trades, and you are in a losing streak desperate for a profitable trade.</li>
	<li>You have so much success recently with your trading you think that you know better than the markets, you think you are invincible.</li>
	<li>You read or heard “a tip” from a bank or large institution to say that it is buying a particular currency. You get suckered into a trade and when in it you recognize that ‘the tip” was a sucker trade.</li>
	<li>You jump into a trade, just to get into the market.</li>
</ul>
All of the above scenarios are quite dangerous. If you generate a set of loss making trades you feel depressed. If by a fluke you generate a few profitable trades, you then break the rules and your plan is worthless. If you make money, it was a pure fluke and just cannot be sustained for anything other than very short-term. Psychologically, this is a bad practice for any trader.

Not taking a trade that is part of your TRADING PLAN, sounds weird put it is quite commonplace. This is where FEAR and GREED comes into play.
<ul>
	<li>You may have had a series of trades within your trading guidelines that lost money and you decide on the next one to let it go by even though it is within your TRADING PLAN guidelines. You are scared…FEAR of losing.</li>
	<li>You have had 5 or 6 very profitable trades in a row and you believe that your “luck” cannot last any longer</li>
</ul>
Regardless of the cause, this is a dangerous path to be on. You can watch what would have been a great trade go by and then you jump in on the trade that may not meet your guidelines. You change the rules to revenge a trade you missed. This usually means that you never maximize your profit opportunity.

Finally, changing your rules can be the worst thing ever that you can do. As a trader you will have loss making trades as well as profitable ones…. it is a fact. If you had entered say 300 trades and you have had success and your strategy is profitable, you should be happy. Some traders may experience 5 or 6 loss making trades in a row, and then without reason change their strategy on entry / exit / risk. Why change your guidelines on such a small sample of trades. Changing your guidelines is something you can do but a “Knee- jerk” reaction is a poor reason to change. You should make any changes based on analysis.

Some traders are happy with 60% -40% ratio of profitable trades to loss making trades. Others are 80% - 20% profitable to loss making trades. It all depends on the type of trader you are and your exit rules on trades as to what to expect with regards to your success ratio.

Hopefully, this short document will serve as a good reference. If you review your trades after 90- days and look at the reasons why you were not as profitable as you thought you should be, check the points above and see if one or more applied to yourself.

As long as we learn from our errors we can move forward profitably. You have the guidelines and rules in place. You just need discipline. Overall my point is you must PLAN YOUR TRADE and TRADE YOUR PLAN.

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

<b><span style="text-decoration: underline;">5. MY CURRENT LIVE TRADES:</span></b>
<p style="text-align: center;"><strong><span style="text-decoration: underline;">FLASH TRADES:</span></strong></p>
<p style="text-align: center;"><strong>FT37</strong>
<strong>EUR/AUD</strong>
<strong> Long</strong>
<strong>Cost Average: 1.5419</strong>
<strong>Stop Loss: 1.5200</strong>
<strong>Limit / Target: 1.7400</strong>
<strong>My Position Size: 7.50%</strong>
<strong>Closing Weekly Position:1.5447</strong>
<strong><span style="line-height: 1.5em;">My present Profit/Loss position:  +28 pips</span></strong></p>
<p style="text-align: center;"><strong> FT48</strong>
<strong>EUR/CAD </strong>
<strong>Long</strong>
<strong>Cost Average: 1.5314</strong>
<strong>Stop Loss: 1.5150</strong>
<strong>Limit / Target:1.7503</strong>
<strong>My Position Size: 7.5%</strong>
<strong>Closing Weekly Position: 1.5267</strong>
<strong><span style="line-height: 1.5em;">My present Profit/Loss position:  - 47 pips</span></strong></p>
<p style="text-align: center;"><strong> FT49</strong>
<strong>GBP/CAD</strong>
<strong>Long</strong>
<strong>Cost Average: 1.8532</strong>
<strong>Stop Loss: 1.8450</strong>
<strong>Limit / Target: 2.024</strong>
<strong>My Position Size: 7.5%</strong>
<strong>Closing Weekly Position: 1.8514</strong>
<strong><span style="line-height: 1.5em;">My present Profit/Loss position:  - 18 pips</span></strong></p>
<p style="text-align: center;"><strong><span style="text-decoration: underline;">RADAR TRADES:</span></strong></p>
<p style="text-align: center;"><strong>RT40</strong>
<strong>NZD/USD</strong>
<strong>Short </strong>
<strong>Cost Average: 0.8320</strong>
<strong>Stop Loss: 0.8450</strong>
<strong>Limit / Target: 0.8000</strong>
<strong>My Position Size: 20%</strong>
<strong>Closing Weekly Position: 0.8379</strong>
<strong><span style="line-height: 1.5em;">My present Profit/Loss position:  - 59 pips</span></strong></p>
<p style="text-align: center;"><strong><span style="text-decoration: underline;">FUNDAMENTAL TRADES:</span></strong></p>
<p style="text-align: center;"><strong>FUN14</strong>
<strong>EUR/NZD</strong>
<strong>Long</strong>
<strong>Cost Average: 1.6450</strong>
<strong>Stop Loss: 1.6000</strong>
<strong>Limit / Target: 1.9000</strong>
<strong>My Position Size: 7.5%</strong>
<strong>Closing Weekly Position: 1.6451 </strong>
<strong><span style="line-height: 1.5em;">My present Profit/Loss position:  + 1pip</span></strong></p>
<p style="text-align: center;"><strong>FUN14</strong>
<strong>GBP/NZD</strong>
<strong>Long</strong>
<strong>Cost Average: 1.9950</strong>
<strong>Stop Loss: 1.9300</strong>
<strong>Limit / Target: 2.2350</strong>
<strong>My Position Size: 7.5%</strong>
<strong>Closing Weekly Position: 1.9950. </strong>
<strong><span style="line-height: 1.5em;">My present Profit/Loss position: level pips</span></strong></p>
<p style="text-align: center;"><strong><span style="text-decoration: underline;"> </span></strong></p>
<b><span style="text-decoration: underline;">6. TRADES THAT ARE ON MY RADAR:</span></b>

I have nothing that I want to commit to the blog. I will advise all trades on my RADAR via twitter early next week.

I am looking at pullbacks to enter long the GBP/AUD. I am tempted with the USD/CHF long at lower levels than 0.8800. The AUD/NZD interests me around 1.0500 to enter long.

However, do not expect a huge amount this coming week I will be sidelined for a lot of time given the reasons already written.

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

<b>EUR/USD: Closing Price 1.3801.</b> The EUR/USD is in breakout territory. Following better than expected CPi data on Friday morning, this sparked a rally up to critical trend line resistance at 1.3808.  The closing weekly candles look bullish and unless a major disaster happens the EUR/USD looks set for the lower 1.40’s. I.4250 looks to be the next major stopping point. Obviously breaking  1.4000 will be psychological but I feel that with all talk of easing from the ECB now on the back foot and an ECB press conference this week the potential upside move could be swift with squeezing involved to leap 1.3900.  In order for this pair to turn bearish again, I think we will need to drop back below 1.3700. The market was not expecting this and the potential for the upside is heavily weighted.

<b>GBP/USD: Closing Price 1.6739. </b>Cable will be dragged up in sympathy with the EUR/USD not that it will require much dragging. Over recent weeks the GBP/USD has been very strong. I think if it can break 1.6770 and 1.6750, the potential for 1.7000 must be on the cards once again, despite what Mark Carney Governor of the BOE may think. Constant speculation of a rate rise in the UK only adds weight to the upside move. For this pair to turn bearish, in my opinion I think we need to see a pull back towards 1.6600, which, is a long, long way away from present levels.

<b>AUD/USD: Closing Price 0.8924</b>. The RBA Rate Statement and other key AUD data this week will be crucial to the direction over the next week or so of this pair. We also have RBA Governor Stevens speaking at the end of the week as well, so there is plenty of news that will keep this pair on most traders’ radar screens. Basically, the economic data from Australia of late has been vomit material and in my opinion I see sub 0.8000 as the final stopping point in the downward push. It could be even lower. Support is vital at 0.8900, but with so much high level news about to hit, I just cannot see this holding and more like 0.8750 could be hit on weak data, if there is weak data all week. Resistance is good at 0.9010 and then 0.9075. This is a big week for the AUD currency.

<b>NZD/USD: Closing Price 0.8379</b>. Cross rate support of the AUD/NZD plus stellar New Business Confidence figures have had this pair on a tear this week. At the end of the day whilst I think the potential for an upside move on USD weakness could see 0.8500 or even 0.8600, it may not move as far to the long side unless supported by movements in the S&amp;P, Gold and Copper.  Support is at 0.8320.

<b>USD/CAD: Closing Price 1.1060.</b> A big fall yesterday (Friday) on the back of GDP numbers. The month on month statistics were dreadful but yearly were good overall and this pair “waterfalled” into the weekly close.  We may have to go as low as 1.0980 to 1.1020 before establishing a base to resume the upward move once again. Resistance on the way back up will be at 1.1100 and 1.1160.

<b>USD/CHF: Closing Price 0.8798</b>. We are just sub 0.8800 and I am tempted to go long, but the with the potential EUR/USD breakout and tensions in Ukraine we could drop to 0.8650 before finding a bottom. I would avoid this pair. I think it’s at a great level to go long but its risky.

<b>USD/JPY: Closing Price 101.78. </b>This pair is<b> </b>sitting on the cusp / precipice of a major breakdown. Will equities keep it from falling lower and breaking down? At the moment it is kind of doing it’s own thing. The range is still what I wrote last week, but my bias is a downside move sub 100.00. The range is 101.50 to 102.80.

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

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

SUNDAY: CNY – HSBC Manufacturing PMi.

MONDAY: GBP – Manufacturing PMi.
MONDAY: EUR – ECB Draghi speaks.
MONDAY: USD – ISM Manufacturing PMi.
MONDAY: AUD – Building Approvals and RBA Rate Statement.

TUESDAY: GBP – Construction PMi
TUESDAY: AUD – GDP q/q.

WEDNESDAY: GBP – Services PMi
WEDNESDAY: USD – ADP Non Farm Employment Change.
<span style="line-height: 1.5em;">WEDNESDAY: CAD – BOC Rate Statement.
</span>WEDNESDAY: USD – ISM Non Manufacturing PMI.
WEDNESDAY: AUD – Retail Sales and Trade Balance.

THURSDAY: GBP – BOE Interest Rates.
THURSDAY: EUR – ECB Interest Rates and Press Conference.
THURSDAY: CAD – Ivey PMi.
THURSDAY: AUD – RBA Governor Stevens speaks.

FRIDAY: USD – Non-Farm Employment Change and Unemployment rate.
FRIDAY: CAD – Trade Balance, Unemployment Rate and Employment Change.<b style="line-height: 1.5em;"><span style="text-decoration: underline;"> </span></b>

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

I have already said it, but it's a big week coming up with high beta news events.

I have suggested trade approaches and I can guarantee you that I will be “TRADING MY PLAN” and “PLANNING MY TRADES” accordingly.

These are the types of weeks that can get you caught out so many times on the wrong side of the trade that you have to be sensible and manage yourself and your emotions.

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

Finally, more subscribers are coming on board, which is great.

I have a lot of subscribers who are not North American based which is fantastic, and, they have decided just to trade from set-ups that are placed in this blog or from emails that we pass among each other, which I do not mind. However, as the numbers swell the TWITTER feed will become the only vehicle for trade set-ups because of time constraints at pressure times on the day.

I have thought about a DAILY POST or DAILY FX FIX onto the website with my morning set ups, and, I am still working this around. Let me work on this some more.

I am conscious that the more administration I get involved with, the less time that I have for trading, research and looking at charts etc. But the DAILY POST may be a great solution.

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Scott Pickering
The Pip Accumulator
Saturday March 1st 2014

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