(6265,1,'2015-07-04 10:51:05','2015-07-04 15:51:05','<h3 style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI would say that when Tsipras and Varoufakis walked out of the EUROGROUP meeting last week and announced that they would ask the population of GREECE to decide, that must have taken the wind out of the sails of Merkel, Dijsselbloem and the rest of the EUROGROUP around the table.\r\n\r\nI have read soooooo many articles this week I think I have further strained my eyes and need to update my reading glasses. A referendum, never appeared anywhere on the stuff I read, and, frankly this will be seen in the future as either a stroke of genius on his part for whatever his plans are moving forward or as something rather foolish akin to a turkey voting for Christmas. Nevertheless, unless I do not know about it, time travel has still not been invented and therefore you cannot go back in time and re-write history to eradicate poor decisions.\r\n\r\nOn the 5<sup>th</sup> July 2015, we have a vote in GREECE “OXI or NAI”. I am not really sure how this can be a vote on the EUROGROUP package that Tsipras walked away from, it is my understanding that those terms and conditions are no longer applicable and were withdrawn the moment Tsipras left the table. So much is miss-quoted, so much of what is on the news wires are selected words from a press release without the context in place, plus it is very difficult to keep track of the timeline of events. All I know is that the finger pointing is well underway… politicians are good at this… “The blame game”.\r\n\r\nSo in my opinion most GREEKS will read the vote as a simple referendum on keeping the single-currency, as all deals are now off. It is a vote on the Syriza party government and Tsipras as prime minister.\r\n\r\nThe big question is of course: Is anyone expecting a “NO” vote result? It looks close, but whatever the vote we will have confusion in abundance.\r\n\r\nWithout any doubt Tsipras has placed what can only be termed as a noose around his neck by calling this referendum. Whatever the result, there will be confusion. No deal is actually on the table from the creditors to vote on, so what does that mean, back to negotiations? A “NO” vote means exit from the single currency but the EUROZONE has no mechanism as far as I know to do this.\r\n\r\nHappy times, fun days of trading this week looks to be on cards.\r\n\r\nI would suggest you position size vey carefully to manage RISK and potential exposure or just exit trades to watch. I expect some volatility to take place in the Forex market.\r\n\r\nThe other major news in my eyes last week was Non-Farm payrolls in the U.S. Not brilliant numbers by all accounts and not the blow out numbers expected. As usual CNBC and BLOOMBERG rolled out the usual suspects to debate the influence of these numbers on the timing of the FED rate hike later this year and the potential number of rate increases. I must admit I am getting bored about writing about the FED rate hike, but not a bored as these presenters on TV trying to make news…\r\n\r\nIn my opinion, the FED will just not look at one month in isolation. U.S. data is not 100% brilliant and Janet Yellen has been consistent all along stating that future rate increases are based upon data dependency showing strength. To be frank, I feel that the FED credibility overrides this and she will raise rates in September / October no matter what. If she waits until December as some analysts state this will be the calendar version of “the last chance saloon” / lastminute.com and this will be seen for what it is - desperation to ensure credibility, this is why I think the fall is when the hike will occur and this keeps the FED credibility intact. Remember the “DOTS” from the last FOMC meeting; most of the FOMC committee members had two rate increases in mind for this year.\r\n\r\nApart from GREECE and NFP I traded very lightly last week in keeping with my plan until GREECE is resolved for the short-term at least.\r\n\r\nI think GREECE will not even be fixed in my lifetime, and whilst this is my own opinion, I think that the self-serving politicians from both sides of the divide past and present that have been involved in this farce of a solution should be ashamed of themselves. To see senior citizens lining up outside a bank to withdraw €100 or so to live on, is a bloody disgrace, this is 2015 not 1915.\r\n\r\nGREECE has a lot to answer for, with regards to the existing position, but the can kicking EUROZONE politicians are certainly not free from guilt and the IMF should be above all this and be able to see that GREECE simply could not afford to repay from day one.\r\n\r\nIt is shambolic at best and it is far from over yet. I have seen better-organized chickens running around a farmyard with their heads chopped off.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: EUR – Greek Referendum.\r\n\r\nMONDAY: CAD – Ivey PMi.\r\nMONDAY: NZD – NZIER Business Confidence.\r\n\r\nTUESDAY: AUD – RBA Rate Statement.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: AUD – Employment Data\r\nWEDNESDAY: CNY – CPi.\r\n\r\nTHURSDAY: GBP – BOE Rate Statement.\r\n\r\nFRIDAY: CAD – Employment Rate.\r\n\r\nObviously GREECE will dominate the news. It may be an economy the size of Colorado in the U.S. but its much more important from a contagion viewpoint amongst other well documented reasons.\r\n\r\nAs subscribers will know the news involving the CAD this week will be of particular interest given my longer-term views on this currency.\r\n\r\nThe AUD and NZD currencies play a major part in my 2015 trade plan (see prior blogs) and we have key Aussie data this week. I feel that we may see another cut from the RBA so do not be surprised for pandemonium to ensue as the BOC and RBNZ (already under pressure) will come into focus. All good news for me and traders that subscribe and follow my trades. Happy Days!!\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nI think at the moment as traders we need to be very clever and size trades smaller than usual; I am expecting wild swings and then an ultimate direction following the immediate GREECE news, we need to be ready.\r\n\r\nLongevity as I write every week in this blog is paramount to success and you only have longevity through effective RISK and MONEY MANAGEMENT with properly sized trades in line with the risk associated with the size of your trading account.\r\n\r\nAfter 8 years of this, let me tell you this coming week accounts will get blown out, if caution and common sense is NOT applied.\r\n\r\nWe all want to make money but this is not a sprint it\'s a marathon. If you want to gamble find a casino.\r\n\r\nThe best trade coming up over the next few sessions may be no trade at all. At least then you will not be positioned poorly.\r\n\r\nThink long and hard about what type of trader you are and what your goals are for the medium and long term. There is a Forex market every day, so to miss a couple of days is not that big of an issue.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>WILL THE EUR/USD FALL NO MATTER WHAT WAY GREECE VOTES?</strong></h3>\r\nAnother week has passed and we have entered what appears to be a void similar to something from a sci-fi movie or an episode from Star Trek.\r\n\r\nWe are on hold, almost like suspended animation. However we are surrounded by things happening with regards to the Forex market based on pure speculation about something no one has a clue about. We don\'t know what the outcome will be or what affect it is going to have.\r\n\r\nIf you think that’s going to stop me having an opinion…think again!! Remember, I am originally from Liverpool; I have an opinion on most things and most definitely on Forex matters!!\r\n\r\nLook at the weekly EUR/USD chart below. It shows a “BEAR FLAG” formation pointing to 0.8000. I would say definitely below 1.0850 it’s in play (other traders may say 1.1000 or 1.0960 are the break levels). I do know that should it break higher above 1.1480 the flag pattern is invalidated.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-BLOG-MAIN-PIECE-2.0-05072015-WILL-EURUSD-FALL-NO-MATTER-WHICH-WAY-GREECE-VOTES.png\"><img class=\"aligncenter size-large wp-image-6261\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-BLOG-MAIN-PIECE-2.0-05072015-WILL-EURUSD-FALL-NO-MATTER-WHICH-WAY-GREECE-VOTES-1024x541.png\" alt=\"EURUSD BLOG MAIN PIECE 2.0 05072015 WILL EURUSD FALL NO MATTER WHICH WAY GREECE VOTES\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\nSo last week I wrote that were we at a “CROSSROADS” once again. I’m still standing, as Elton John would say. I want to move off but GREECE is holding me back for now.\r\n\r\nThese are my continued thoughts and frankly regular readers will not see much of a sea change in my thoughts and views.\r\n\r\nIf a “YES” vote is the result from the referendum, In my mind we still have huge uncertainty. This would be a failure on the part of Tsipras and the Syriza party who want a “NO” vote result. Will the government resign? Varoufakis has already stated he walks on a “YES” vote.\r\n\r\nWe then require an interim government until new elections can be held. The banks have no money. GREECE has already defaulted to the IMF. There is no bailout money or temporary funding on the table. There is no ECB ELA funding available to keep the GREEK banks liquid.\r\n\r\nWill the ECB / EUROGROUP and IMF step in to support?\r\n\r\nThere would be huge uncertainty and quite frankly we enter unchartered waters. Even if there was support for GREECE this would be a can-kicking” exercise once again that GREECE cannot afford to repay and nothing would actually be solved resulting in a depressed EUR currency in my eyes as I think that Mario Draghi would be having low rates forever trying to fix the overall EUROZONE economy. He could no longer pander just to GERMANY as it would be seen for what it was, basically a f**k you approach to GREECE.\r\n\r\nThe EUROZONE is meant to be a union and I believe this may be the incident that starts this way of thinking and more importantly behaving. But hey… this is the EUROZONE … common sense is left at the invisible border!!\r\n\r\nA “NO” vote starts my CONTAGION THEORY from a few weeks ago that I keep referring to. A “NO” vote provides Tsipras with the mandate to pull away from the single currency and re-introduce the Drachma.\r\n\r\nWhilst there is no mechanism for a country to exit the single currency, I can imagine as I type there are armies of lawyers in Brussels with fat expense accounts working on this subject.\r\n\r\nA GREXIT causes many other issues not just the GREXIT itself but also the IMF default and places all future monies owed to creditors in doubt. Ignoring the local work to be done in GREECE with banks and the financial markets to establish a footing from which to work off which will be a massive undertaking in itself, the effect on the world markets could be unparalleled.\r\n\r\nThis would create huge uncertainty and frankly the “Who’s Next” debate will gather momentum. It has already started in the local press in SPAIN, PORTUGAL and ITALY.\r\n\r\nIf that was not enough in itself to digest…. The FED wants to raise interest rates.\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nAll of the above in my opinion send the EUR/USD lower…. Add to this Central Bank divergence with the FED raising rates and the ECB probably on low rates to infinity and the BEAR FLAG from the chart above could be on.\r\n\r\nNow I have been talking about my FUNDAMENTAL views for months and the EUR/USD testing parity but now this could be a possibility as the GREECE situation has been allowed to drag on because of a lack of desire to fix the problem head on in my opinion. There have been too many can-kicking exercises over the years from the EUROGROUP and it has resulted in what we have now.\r\n\r\nA massive EUR/USD sell off is a possibility; all the factors are there. Will it happen?\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\nPLEASE NOTE:\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.<u> </u>\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 420 trades cost to trade = $42.00\r\n<strong>PROFIT</strong> from 420 trades = <strong>$599.70</strong>\r\n\r\nMINI LOT TRADER - 420 trades cost to trade = $420.00\r\n<strong>PROFIT</strong> from 420 trades = <strong>$5,997.00</strong>\r\n\r\nSTANDARD LOT TRADER - 420 trades cost to trade = $4,200.00\r\n<strong>PROFIT</strong> from 420 trades = <strong>$59,970.00</strong>\r\n\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-JUNE-2015.png\"><img class=\"aligncenter size-full wp-image-6223\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-JUNE-2015.png\" alt=\"PS PROFITS1 JUNE 2015\" width=\"460\" height=\"427\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-JUNE2015.png\"><img class=\"aligncenter size-full wp-image-6224\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-JUNE2015.png\" alt=\"PS PROFITS2 JUNE2015\" width=\"460\" height=\"420\" /></a> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:<u> </u>\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?<u> </u>\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n\r\n</u></strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong><u> </u></strong>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nI intend to remain light into the middle of the week depending upon the GREECE referendum outcome and fallout.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 05.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #160\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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.','WILL THE EUR/USD FALL NO MATTER WHICH WAY GREECE VOTES?','','inherit','open','closed','','6264-revision-v1','','','2015-07-04 10:51:05','2015-07-04 15:51:05','',6264,'https://weeklyfxdrivethru.com/6264-revision-v1/',0,'revision','',0),(6267,1,'2015-07-04 10:54:51','2015-07-04 15:54:51','<h3 style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”\r\n</strong><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI would say that when Tsipras and Varoufakis walked out of the EUROGROUP meeting last week and announced that they would ask the population of GREECE to decide, that must have taken the wind out of the sails of Merkel, Dijsselbloem and the rest of the EUROGROUP around the table.\r\n\r\nI have read soooooo many articles this week I think I have further strained my eyes and need to update my reading glasses. A referendum, never appeared anywhere on the stuff I read, and, frankly this will be seen in the future as either a stroke of genius on his part for whatever his plans are moving forward or as something rather foolish akin to a turkey voting for Christmas. Nevertheless, unless I do not know about it, time travel has still not been invented and therefore you cannot go back in time and re-write history to eradicate poor decisions.\r\n\r\nOn the 5<sup>th</sup> July 2015, we have a vote in GREECE “OXI or NAI”. I am not really sure how this can be a vote on the EUROGROUP package that Tsipras walked away from, it is my understanding that those terms and conditions are no longer applicable and were withdrawn the moment Tsipras left the table. So much is miss-quoted, so much of what is on the news wires are selected words from a press release without the context in place, plus it is very difficult to keep track of the timeline of events. All I know is that the finger pointing is well underway… politicians are good at this… “The blame game”.\r\n\r\nSo in my opinion most GREEKS will read the vote as a simple referendum on keeping the single-currency, as all deals are now off. It is a vote on the Syriza party government and Tsipras as prime minister.\r\n\r\nThe big question is of course: Is anyone expecting a “NO” vote result? It looks close, but whatever the vote we will have confusion in abundance.\r\n\r\nWithout any doubt Tsipras has placed what can only be termed as a noose around his neck by calling this referendum. Whatever the result, there will be confusion. No deal is actually on the table from the creditors to vote on, so what does that mean, back to negotiations? A “NO” vote means exit from the single currency but the EUROZONE has no mechanism as far as I know to do this.\r\n\r\nHappy times, fun days of trading this week looks to be on cards.\r\n\r\nI would suggest you position size very carefully to manage RISK and potential exposure or just exit trades to watch. I expect some volatility to take place in the Forex market.\r\n\r\nThe other major news in my eyes last week was Non-Farm payrolls in the U.S. Not brilliant numbers by all accounts and not the blow out numbers expected. As usual CNBC and BLOOMBERG rolled out the usual suspects to debate the influence of these numbers on the timing of the FED rate hike later this year and the potential number of rate increases. I must admit I am getting bored about writing about the FED rate hike, but not a bored as these presenters on TV trying to make news…\r\n\r\nIn my opinion, the FED will just not look at one month in isolation. U.S. data is not 100% brilliant and Janet Yellen has been consistent all along stating that future rate increases are based upon data dependency showing strength. To be frank, I feel that the FED credibility overrides this and she will raise rates in September / October no matter what. If she waits until December as some analysts state this will be the calendar version of “the last chance saloon” / lastminute.com and this will be seen for what it is - desperation to ensure credibility, this is why I think the fall is when the hike will occur and this keeps the FED credibility intact. Remember the “DOTS” from the last FOMC meeting; most of the FOMC committee members had two rate increases in mind for this year.\r\n\r\nApart from GREECE and NFP I traded very lightly last week in keeping with my plan until GREECE is resolved for the short-term at least.\r\n\r\nI think GREECE will not even be fixed in my lifetime, and whilst this is my own opinion, I think that the self-serving politicians from both sides of the divide past and present that have been involved in this farce of a solution should be ashamed of themselves. To see senior citizens lining up outside a bank to withdraw €100 or so to live on, is a bloody disgrace, this is 2015 not 1915.\r\n\r\nGREECE has a lot to answer for, with regards to the existing position, but the can kicking EUROZONE politicians are certainly not free from guilt and the IMF should be above all this and be able to see that GREECE simply could not afford to repay from day one.\r\n\r\nIt is shambolic at best and it is far from over yet. I have seen better-organized chickens running around a farmyard with their heads chopped off.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: EUR – Greek Referendum.\r\n\r\nMONDAY: CAD – Ivey PMi.\r\nMONDAY: NZD – NZIER Business Confidence.\r\n\r\nTUESDAY: AUD – RBA Rate Statement.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: AUD – Employment Data\r\nWEDNESDAY: CNY – CPi.\r\n\r\nTHURSDAY: GBP – BOE Rate Statement.\r\n\r\nFRIDAY: CAD – Employment Rate.\r\n\r\nObviously GREECE will dominate the news. It may be an economy the size of Colorado in the U.S. but its much more important from a contagion viewpoint amongst other well documented reasons.\r\n\r\nAs subscribers will know the news involving the CAD this week will be of particular interest given my longer-term views on this currency.\r\n\r\nThe AUD and NZD currencies play a major part in my 2015 trade plan (see prior blogs) and we have key Aussie data this week. I feel that we may see another cut from the RBA so do not be surprised for pandemonium to ensue as the BOC and RBNZ (already under pressure) will come into focus. All good news for me and traders that subscribe and follow my trades. Happy Days!!\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nI think at the moment as traders we need to be very clever and size trades smaller than usual; I am expecting wild swings and then an ultimate direction following the immediate GREECE news, we need to be ready.\r\n\r\nLongevity as I write every week in this blog is paramount to success and you only have longevity through effective RISK and MONEY MANAGEMENT with properly sized trades in line with the risk associated with the size of your trading account.\r\n\r\nAfter 8 years of this, let me tell you this coming week accounts will get blown out, if caution and common sense is NOT applied.\r\n\r\nWe all want to make money but this is not a sprint it\'s a marathon. If you want to gamble find a casino.\r\n\r\nThe best trade coming up over the next few sessions may be no trade at all. At least then you will not be positioned poorly.\r\n\r\nThink long and hard about what type of trader you are and what your goals are for the medium and long term. There is a Forex market every day, so to miss a couple of days is not that big of an issue.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>WILL THE EUR/USD FALL NO MATTER WHAT WAY GREECE VOTES?</strong></h3>\r\nAnother week has passed and we have entered what appears to be a void similar to something from a sci-fi movie or an episode from Star Trek.\r\n\r\nWe are on hold, almost like suspended animation. However we are surrounded by things happening with regards to the Forex market based on pure speculation about something no one has a clue about. We don\'t know what the outcome will be or what affect it is going to have.\r\n\r\nIf you think that’s going to stop me having an opinion…think again!! Remember, I am originally from Liverpool; I have an opinion on most things and most definitely on Forex matters!!\r\n\r\nLook at the weekly EUR/USD chart below. It shows a “BEAR FLAG” formation pointing to 0.8000. I would say definitely below 1.0850 it’s in play (other traders may say 1.1000 or 1.0960 are the break levels). I do know that should it break higher above 1.1480 the flag pattern is invalidated.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-BLOG-MAIN-PIECE-2.0-05072015-WILL-EURUSD-FALL-NO-MATTER-WHICH-WAY-GREECE-VOTES.png\"><img class=\"aligncenter size-large wp-image-6261\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-BLOG-MAIN-PIECE-2.0-05072015-WILL-EURUSD-FALL-NO-MATTER-WHICH-WAY-GREECE-VOTES-1024x541.png\" alt=\"EURUSD BLOG MAIN PIECE 2.0 05072015 WILL EURUSD FALL NO MATTER WHICH WAY GREECE VOTES\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\nSo last week I wrote that were we at a “CROSSROADS” once again. I’m still standing, as Elton John would say. I want to move off but GREECE is holding me back for now.\r\n\r\nThese are my continued thoughts and frankly regular readers will not see much of a sea change in my thoughts and views.\r\n\r\nIf a “YES” vote is the result from the referendum, In my mind we still have huge uncertainty. This would be a failure on the part of Tsipras and the Syriza party who want a “NO” vote result. Will the government resign? Varoufakis has already stated he walks on a “YES” vote.\r\n\r\nWe then require an interim government until new elections can be held. The banks have no money. GREECE has already defaulted to the IMF. There is no bailout money or temporary funding on the table. There is no ECB ELA funding available to keep the GREEK banks liquid.\r\n\r\nWill the ECB / EUROGROUP and IMF step in to support?\r\n\r\nThere would be huge uncertainty and quite frankly we enter unchartered waters. Even if there was support for GREECE this would be a can-kicking” exercise once again that GREECE cannot afford to repay and nothing would actually be solved resulting in a depressed EUR currency in my eyes as I think that Mario Draghi would be having low rates forever trying to fix the overall EUROZONE economy. He could no longer pander just to GERMANY as it would be seen for what it was, basically a f**k you approach to GREECE.\r\n\r\nThe EUROZONE is meant to be a union and I believe this may be the incident that starts this way of thinking and more importantly behaving. But hey… this is the EUROZONE … common sense is left at the invisible border!!\r\n\r\nA “NO” vote starts my CONTAGION THEORY from a few weeks ago that I keep referring to. A “NO” vote provides Tsipras with the mandate to pull away from the single currency and re-introduce the Drachma.\r\n\r\nWhilst there is no mechanism for a country to exit the single currency, I can imagine as I type there are armies of lawyers in Brussels with fat expense accounts working on this subject.\r\n\r\nA GREXIT causes many other issues not just the GREXIT itself but also the IMF default and places all future monies owed to creditors in doubt. Ignoring the local work to be done in GREECE with banks and the financial markets to establish a footing from which to work off which will be a massive undertaking in itself, the effect on the world markets could be unparalleled.\r\n\r\nThis would create huge uncertainty and frankly the “Who’s Next” debate will gather momentum. It has already started in the local press in SPAIN, PORTUGAL and ITALY.\r\n\r\nIf that was not enough in itself to digest…. The FED wants to raise interest rates.\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nAll of the above in my opinion send the EUR/USD lower…. Add to this Central Bank divergence with the FED raising rates and the ECB probably on low rates to infinity and the BEAR FLAG from the chart above could be on.\r\n\r\nNow I have been talking about my FUNDAMENTAL views for months and the EUR/USD testing parity but now this could be a possibility as the GREECE situation has been allowed to drag on because of a lack of desire to fix the problem head on in my opinion. There have been too many can-kicking exercises over the years from the EUROGROUP and it has resulted in what we have now.\r\n\r\nA massive EUR/USD sell off is a possibility; all the factors are there. Will it happen?\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\nPLEASE NOTE:\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.<u> </u>\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 420 trades cost to trade = $42.00\r\n<strong>PROFIT</strong> from 420 trades = <strong>$599.70</strong>\r\n\r\nMINI LOT TRADER - 420 trades cost to trade = $420.00\r\n<strong>PROFIT</strong> from 420 trades = <strong>$5,997.00</strong>\r\n\r\nSTANDARD LOT TRADER - 420 trades cost to trade = $4,200.00\r\n<strong>PROFIT</strong> from 420 trades = <strong>$59,970.00</strong>\r\n\r\nIf the above return from Forex Trading interests you go to\r\n\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\n\r\nThe performance above is based off single-lot trade sizes.\r\n\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\n\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.\r\n\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-JUNE-2015.png\"><img class=\"aligncenter size-full wp-image-6223\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-JUNE-2015.png\" alt=\"PS PROFITS1 JUNE 2015\" width=\"460\" height=\"427\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-JUNE2015.png\"><img class=\"aligncenter size-full wp-image-6224\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-JUNE2015.png\" alt=\"PS PROFITS2 JUNE2015\" width=\"460\" height=\"420\" /></a> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u></u></strong>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong><u> </u></strong>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nI intend to remain light into the middle of the week depending upon the GREECE referendum outcome and fallout.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 05.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #160\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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.','WILL THE EUR/USD FALL NO MATTER WHICH WAY GREECE VOTES?','','inherit','open','closed','','6264-revision-v1','','','2015-07-04 10:54:51','2015-07-04 15:54:51','',6264,'https://weeklyfxdrivethru.com/6264-revision-v1/',0,'revision','',0),(6291,1,'2015-07-11 06:33:31','2015-07-11 11:33:31','<p style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong></p>\r\n<p style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></p>\r\n\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI want to start this blog by saying that I feel as if I am staring alongside Bill Murray in Groundhog Day. For the past five/six weeks every late evening, early morning and start of the North American session I have been looking at charts over and over again saying repeatedly to myself “Don’t be stupid”, “Wait for the dust to settle”, “This weekend is the deadline” and “Everything will be much clearer next week regardless of what the EUROZONE does with GREECE”. I am still in this damn movie!!\r\n\r\nWhat I find totally frustrating is that the markets in my opinion are just 110% complacent with what is going on. We are facing a real watershed in EUROPEAN politics and more importantly the future direction of the EUROZONE with the GREECE situation. I am just gob-smacked that the markets are acting as if they have just visited a Colorado recreational pot shop and are just laying back in the tall grass counting pink flying pigs cruising overhead. I find it totally bizarre. I am originally from Liverpool… nothing phases me, when you’ve grown up and lived in Liverpool you learn a lot about life and believe me it\'s a great schooling.\r\n\r\nFrankly, I think no matter what the outcome tomorrow or Sunday, or whenever the next GREECE deadline is, we are once again buying the rumour and we will sell the news. Nothing about the GREECE settlement is EUR positive in my opinion; sure, we may a see a short rally. It will be sold into, let the EUR/USD push to 1.1500 and the EUR/GBP to 0.7350-0.7400… I will be waiting to short these.\r\n\r\nWhat was the point of the referendum? – read my thoughts later in this blog.\r\n\r\nMoving on, now I have that rant off my chest, what else has been going on?\r\n\r\nCHINA… Holy Mother of God…. Several weeks ago I wrote about the fact that, the general population was opening broker accounts in CHINA in the hundreds of thousands a week, as the Chinese authorities were opening up their markets. Quelle surprise this is going belly up. The closed style of CHINA has come to the forefront once again. About 50% of Chinese companies had their stock frozen for days so as not to have millions written off their valuations as panic selling was stepping in. To stop this the Chinese government took restrictive action not allowing sales of shares for I think in most cases 6 months after purchase plus a few other free market restrictive measures.\r\n\r\nCHINA wants a free and open market Chinese style, and certainly one that is not the style we in the west are accustomed to. Manipulation is the name of the Chinese game. This is why I do not believe most economic statistics provided by the Chinese government. They tell you what they think you want to hear, regardless of the accuracy.\r\n\r\nRight now, CHINA poses a real threat to market stability and I think that we have some very interesting twists and turns ahead. The recent mad upturn in the Chinese and Hong Kong equities markets will have sellers looking to exit whatever they can into strength and balance RISK.\r\n\r\nLast week we also had the FOMC meeting minutes released. When these are released to the markets they are three/four weeks in arrears and frankly yesterdays news. This release was largely ignored as GREEK and CHINESE news was dominating trader’s thoughts not what Janet Yellen and her cohorts had discussed over a good bottle of claret accompanied with cheese and crackers.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: EUR – Eurogroup Meeting.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: CAD – BOC Rate Statement and Monetary Policy Report.\r\nWEDNESDAY: CAD – BOC Governor Stephen Poloz “Words of wisdom”.\r\nWEDNESDAY: USD – Janet Yellen testifies to “the hill” with words of wisdom.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: NZD – CPi.\r\n\r\nTHURSDAY: EUR – Press Conference with Mario Draghi’s words of wisdom.\r\nTHURSDAY: USD – Janet Yellen testifies again…more words of wisdom.\r\n\r\nFRIDAY: CAD – Core CPi.\r\nFRIDAY: USD – CPi and Core CPi.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nApart from GREECE dominating the news I am looking forward to the BOC on Wednesday. Do not be surprised if there is a rate cut. Things are not as rosy as the markets would have you believe here in Canada. Nationally, the economy needs a push and whilst I look at Poloz as being behind the curve with most views, he stunned the market with a cut a few months ago. Do not rule out another cut.\r\n\r\nWith regards to the FED, I am getting bored with the Yellen\'s comments, she just keeps repeating the same old same old stuff over and over again. Are the market makers really that stupid that they cannot understand they need Yellen on repeat every time she speaks?\r\n\r\nData dependent...I’ve got it.\r\n\r\nRate hike this year… got it.\r\n\r\nLook at the dots… got it.\r\n\r\nGeopolitical news is mostly transitory… received loud and clear.\r\n\r\nWill someone please tell CNBC? I now have to be out of bed just before 0600 at the latest before Joe “where am I, I’d rather play golf, I checked out years ago Kernan hits the TV screens. Can CNBC please change the record and approach these news items a little more head on and stop bringing in the same old flutes week after week to give opinions and buy/sell ideas without follow up… it is so 1960’s TV. My God another soapbox this week….\r\n\r\nMario Draghi steps up dressed in his finest Italian suit once more to deliver his views on the EUROZONE economy. Read the following in an Italian accent…”I will be supporting the EUROZONE will low interest rates and probably more QE for a longer period, in fact, it will be such a long period in time I will be dead and buried before its fixed, in fact, everyone in this room will be dead and buried and pushing up daisies before I see a rise in interest rates happening”….next question”\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nNow is the time in my opinion to really manage your broker accounts.\r\n\r\nWe are about to enter the summer doldrums, I know that there are geopolitical issues hanging around: -\r\n<ul>\r\n	<li>GREECE</li>\r\n	<li>CHINA</li>\r\n	<li>IRAN</li>\r\n	<li>ISIL</li>\r\n</ul>\r\nAs traders take their annual vacations the liquidity of the markets will dry up and we usually enter a period of false breakouts and false breakdowns and range trading becomes the order of day. There is only two more WEEKLY FX DRIVE THRU’s left until I take a five/six week break from trading and writing. I am moving home so I am pleased about that.\r\n\r\nThe summer can kill you as a trader because you try to force trades that really aren’t there. You let your guard down and accept poorer set ups. Everyone needs to re-charge his or her batteries. I am suggesting that whilst the markets are slow this is an ideal time to step back and maybe try out dummy trades with new ideas.\r\n\r\nCapital preservation is paramount to longevity in trading; it would be a shame to blow away six/seven months of good work in a slow market period.\r\n\r\nI will trade my FUNDAMENTAL TRADES and I will continue to sporadically advise PREMIUM SERVICE subscribers of progress / thoughts / ideas but I will not be at my computer screens for hours on end.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong>WHAT WAS THE POINT OF THE GREECE REFERENDUM?</strong>\r\n\r\nHave I missed something?\r\n\r\nWhat was the point of Tsipras walking away from the negotiation table just over a week ago to come back after a referendum (badly worded) to basically walk back into the EUROGROUP with what amounts to basically the same deal that he rejected but with him allegedly giving more concessions on pension and tax reforms?\r\n\r\nI think that Tsipras believed that after he had won his NO VOTE the EUROGROUP would see that he had a fresh mandate from the Greek people and as a result would be more amenable to debt relief. In this high stakes poker game I doubt he thought he would come back to Brussels and run into a brick wall. Tsipras was poorly advised. The EUROGROUP is made up of politicians and just like himself; they also have a popular vote and re-election to consider.\r\n\r\nNow I do believe that no EUROGROUP politician, Merkel included, wants to be written in the history books as the politician that brought about the downfall of the single currency. Therefore I think that the usual EUROZONE can –kicking settlement / compromise will take place and that Tsipras will be praying that he is NOT re-elected next time around so that when the then Greek government returns for bailout IV in a couple of years the reigning Prime Minister of Greece will blame the Syriza party and Tsipras for the mess.\r\n\r\nAs I have written many, many times before politicians blame people, in particular other politicians, they do NOT problem solve or fix things. Therefore be prepared for a can-kicking solution covered in duct tape and Elastoplast and get ready for the market reaction, which I believe after the initial relief rally will be a sell-off, with the EUR/USD heading to sub parity.\r\n\r\nMerkel has no option but to extend facilities, she cannot offer debt relief other than in a token gesture amount, if at all, as she will lose her political status back in Germany. Her powerbase is somewhat tenuous right now and signs of weakness with a GREECE deal, which, the majority of Germans couldn’t give a rats ass about anyway, would severely reduce her chances of victory at the next German general election.\r\n\r\nHollande on the other hand is a suicide mission anyway, in my opinion, he can say what he wants but the chances of his re-election next time around are pretty remote. There is more chance of Cameron Diaz moving in next-door and knocking on my front door asking to borrow a bowl of sugar.\r\n\r\nSo, Tsipras was badly advised, the EUROGROUP knocked him back and Tsipras has caved in because despite all my thoughts he does NOT have a plan B. If he had a plan B now is the time to play it. Leave the single currency, parallel currency with the Drachma until the single currency is out of circulation and re-value. A GREXIT… DEFAULT is the way to fix the GREECE problem. Now we are once again into can-kicking.\r\n\r\nIn life and especially in business you always need an alternative. For Tsipras to go back drop his trousers and bend over the desk in front of the EUROGROUP is so not the GREECE way of doing things, it makes no sense to me at all. He obviously thought 100% that he would gain significant concessions.\r\n\r\nMaybe he was set up?\r\n\r\nIn any event, whether he was or wasn\'t set up, we now enter what we are told is the weekend of decision. It would not surprise me if we extend again with a fudge for a few months with the ECB supporting the run on the Greek banks. It makes no sense to me, the economy trying to survive the past six months of negotiations between Athens and Brussels has just slipped further and further into recession. Any financial whiz kid who can predict growth in the Greek economy moving forward is in cloud cuckoo land.\r\n\r\nWe have years of turmoil ahead unless GREECE exits in my opinion. How in the name of sanity can they payback an increased debt?\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nThe above represents what I believe we will have in the EUROZONE for years ahead, I just cannot see why the EUROZONE will not just swing from one disaster / problem to the next.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 437 trades cost to trade = $43.70\r\n<strong>PROFIT</strong> from 437 trades = <strong>$628.70</strong>\r\n\r\nMINI LOT TRADER - 437 trades cost to trade = $437.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$6,287.00</strong>\r\n\r\nSTANDARD LOT TRADER - 437 trades cost to trade = $4,370.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$62,870.00</strong>\r\n\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\"><img class=\"aligncenter size-full wp-image-6268\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\" alt=\"PS PROFITS1 10072015\" width=\"455\" height=\"425\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\"><img class=\"aligncenter size-full wp-image-6269\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\" alt=\"PSPROFITS2 10072015\" width=\"465\" height=\"437\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nThis section will return after the summer break in September 2015.\r\n\r\n&nbsp;\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\nLast week was another week lighter than usual on trades. I am really trying just to be focused on the pairs that I feel offer the best RISK v REWARD in the current conditions allowing for the geopolitical overtones that are ever present at the moment.\r\n\r\nOne or two of you are commenting a little about the fact I am sitting back at the moment. The fact is I am here to make money the best way I see fit. If it means I pullback for a few weeks so be it. I am not going to risk my account by forcing through a few trades that I consider to be of a greater unacceptable risk.\r\n\r\nIn normal trading conditions I miss many trades. You simply cannot be in every trade. At the moment I am cautious. I write a lot about RISK and MONEY MANAGEMENT; I practice what I preach.\r\n\r\nThe PREMIUM SERVICE is still making money and as long as the broker account balance increases I for one will not complain.\r\n\r\nIt looks finally like we will see an end to the GREECE deal or no deal this weekend. Once the dust settles and we know what the end game is, trading conditions will hopefully improve just before we hit the summer break.\r\n\r\nI am sticking to my USD/CAD and NZD/USD core trades for now. Nothing that has happened has turned my head away from these. This past week we have really just seen a consolidation taking place with these trades and to be honest it should be expected, given the recent big moves.\r\n\r\n&nbsp;\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-10072015.png\"><img class=\"aligncenter size-full wp-image-6275\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-10072015.png\" alt=\"PS LIVE TRADES 10072015\" width=\"723\" height=\"578\" /></a>\r\n\r\n&nbsp;\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n(Remember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data).\r\n\r\n&nbsp;\r\n\r\nThere are no outstanding limit orders at this time, primarily due to limiting exposure ahead of a potential announcement on GREECE.\r\n\r\n&nbsp;\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:\r\n\r\n(Emanating from conversations and requested by fellow subscribers these trade set-ups are based on severe market pullbacks, breakouts or breakdowns. These trades would apply after major geopolitical news has hit the news wires. These are also trade levels that provided great set ups in the past that would hopefully represent great entry opportunities again in the future).\r\n\r\nGOLDEN TRADE #005\r\nEUR/USD:\r\nEnter short at 1.1470.\r\n\r\nMy comments are contained on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715-1024x541.png\" alt=\"EURUSD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\nTHIS WEEKS OVERVIEW:\r\n\r\nVery similar to last week, I am being selective on charts that interest me from a trading perspective. This week only three charts are attracting my interest: - GBP/AUD, EUR/GBP and GBP/CHF. My comments for each pair are contained on the charts.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-D-100715.png\"><img class=\"aligncenter size-large wp-image-6286\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-D-100715-1024x541.png\" alt=\"EURGBP D 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPAUD-M-100715.png\"><img class=\"aligncenter size-large wp-image-6285\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPAUD-M-100715-1024x541.png\" alt=\"GBPAUD M 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCHF-W-100715.png\"><img class=\"aligncenter size-large wp-image-6284\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCHF-W-100715-1024x541.png\" alt=\"GBPCHF W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n(The 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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-10072015.png\"><img class=\"aligncenter size-full wp-image-6276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-10072015.png\" alt=\"PS TRENDING PAIRS 10072015\" width=\"397\" height=\"525\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n<strong>EUR/USD: Closing Price 1.1146</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715-1024x541.png\" alt=\"EURUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5494</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-100715-1024x541.png\" alt=\"GBPUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.74288</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6283\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-100715-1024x541.png\" alt=\"AUDUSD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.6724</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-100715-1024x541.png\" alt=\"NZDUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.2657</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-100715-1024x541.png\" alt=\"USDCAD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CHF: Closing Price 0.9351</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-100715.png\"><img class=\"aligncenter size-large wp-image-6278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-100715-1024x541.png\" alt=\"USDCHF W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 122.65</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-100715.png\"><img class=\"aligncenter size-large wp-image-6277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-100715-1024x541.png\" alt=\"USDJPY W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nI could just cut and paste my comments from last week. Nothing has altered in my eyes except that we have a serious situation brewing in CHINA, which will create havoc after the summer break when greater attention will be directed. I am not sure how the FED will react to the CHINA news. No doubt Yellen will remain cautious and dovish no matter what happens.\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.twitter.com/ThePremService\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 10.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE\r\nBLOG REFERENCE: #68\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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 doubt','WHAT WAS THE POINT OF THE GREECE REFERENDUM?','','publish','open','closed','','what-was-the-point-of-the-greece-referendum','','','2015-07-11 06:33:31','2015-07-11 11:33:31','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=6291',0,'member_posts','',0),(6293,1,'2015-07-11 06:33:15','2015-07-11 11:33:15','<p style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong></p>\r\n<p style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></p>\r\n\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI want to start this blog by saying that I feel as if I am staring alongside Bill Murray in Groundhog Day. For the past five/six weeks every late evening, early morning and start of the North American session I have been looking at charts over and over again saying repeatedly to myself “Don’t be stupid”, “Wait for the dust to settle”, “This weekend is the deadline” and “Everything will be much clearer next week regardless of what the EUROZONE does with GREECE”. I am still in this damn movie!!\r\n\r\nWhat I find totally frustrating is that the markets in my opinion are just 110% complacent with what is going on. We are facing a real watershed in EUROPEAN politics and more importantly the future direction of the EUROZONE with the GREECE situation. I am just gob-smacked that the markets are acting as if they have just visited a Colorado recreational pot shop and are just laying back in the tall grass counting pink flying pigs cruising overhead. I find it totally bizarre. I am originally from Liverpool… nothing phases me, when you’ve grown up and lived in Liverpool you learn a lot about life and believe me it\'s a great schooling.\r\n\r\nFrankly, I think no matter what the outcome tomorrow or Sunday, or whenever the next GREECE deadline is, we are once again buying the rumour and we will sell the news. Nothing about the GREECE settlement is EUR positive in my opinion; sure, we may a see a short rally. It will be sold into, let the EUR/USD push to 1.1500 and the EUR/GBP to 0.7350-0.7400… I will be waiting to short these.\r\n\r\nWhat was the point of the referendum? – read my thoughts later in this blog.\r\n\r\nMoving on, now I have that rant off my chest, what else has been going on?\r\n\r\nCHINA… Holy Mother of God…. Several weeks ago I wrote about the fact that, the general population was opening broker accounts in CHINA in the hundreds of thousands a week, as the Chinese authorities were opening up their markets. Quelle surprise this is going belly up. The closed style of CHINA has come to the forefront once again. About 50% of Chinese companies had their stock frozen for days so as not to have millions written off their valuations as panic selling was stepping in. To stop this the Chinese government took restrictive action not allowing sales of shares for I think in most cases 6 months after purchase plus a few other free market restrictive measures.\r\n\r\nCHINA wants a free and open market Chinese style, and certainly one that is not the style we in the west are accustomed to. Manipulation is the name of the Chinese game. This is why I do not believe most economic statistics provided by the Chinese government. They tell you what they think you want to hear, regardless of the accuracy.\r\n\r\nRight now, CHINA poses a real threat to market stability and I think that we have some very interesting twists and turns ahead. The recent mad upturn in the Chinese and Hong Kong equities markets will have sellers looking to exit whatever they can into strength and balance RISK.\r\n\r\nLast week we also had the FOMC meeting minutes released. When these are released to the markets they are three/four weeks in arrears and frankly yesterdays news. This release was largely ignored as GREEK and CHINESE news was dominating trader’s thoughts not what Janet Yellen and her cohorts had discussed over a good bottle of claret accompanied with cheese and crackers.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: EUR – Eurogroup Meeting.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: CAD – BOC Rate Statement and Monetary Policy Report.\r\nWEDNESDAY: CAD – BOC Governor Stephen Poloz “Words of wisdom”.\r\nWEDNESDAY: USD – Janet Yellen testifies to “the hill” with words of wisdom.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: NZD – CPi.\r\n\r\nTHURSDAY: EUR – Press Conference with Mario Draghi’s words of wisdom.\r\nTHURSDAY: USD – Janet Yellen testifies again…more words of wisdom.\r\n\r\nFRIDAY: CAD – Core CPi.\r\nFRIDAY: USD – CPi and Core CPi.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nApart from GREECE dominating the news I am looking forward to the BOC on Wednesday. Do not be surprised if there is a rate cut. Things are not as rosy as the markets would have you believe here in Canada. Nationally, the economy needs a push and whilst I look at Poloz as being behind the curve with most views, he stunned the market with a cut a few months ago. Do not rule out another cut.\r\n\r\nWith regards to the FED, I am getting bored with the Yellen\'s comments, she just keeps repeating the same old same old stuff over and over again. Are the market makers really that stupid that they cannot understand they need Yellen on repeat every time she speaks?\r\n\r\nData dependent...I’ve got it.\r\n\r\nRate hike this year… got it.\r\n\r\nLook at the dots… got it.\r\n\r\nGeopolitical news is mostly transitory… received loud and clear.\r\n\r\nWill someone please tell CNBC? I now have to be out of bed just before 0600 at the latest before Joe “where am I, I’d rather play golf, I checked out years ago Kernan hits the TV screens. Can CNBC please change the record and approach these news items a little more head on and stop bringing in the same old flutes week after week to give opinions and buy/sell ideas without follow up… it is so 1960’s TV. My God another soapbox this week….\r\n\r\nMario Draghi steps up dressed in his finest Italian suit once more to deliver his views on the EUROZONE economy. Read the following in an Italian accent…”I will be supporting the EUROZONE will low interest rates and probably more QE for a longer period, in fact, it will be such a long period in time I will be dead and buried before its fixed, in fact, everyone in this room will be dead and buried and pushing up daisies before I see a rise in interest rates happening”….next question”\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nNow is the time in my opinion to really manage your broker accounts.\r\n\r\nWe are about to enter the summer doldrums, I know that there are geopolitical issues hanging around: -\r\n<ul>\r\n	<li>GREECE</li>\r\n	<li>CHINA</li>\r\n	<li>IRAN</li>\r\n	<li>ISIL</li>\r\n</ul>\r\nAs traders take their annual vacations the liquidity of the markets will dry up and we usually enter a period of false breakouts and false breakdowns and range trading becomes the order of day. There is only two more WEEKLY FX DRIVE THRU’s left until I take a five/six week break from trading and writing. I am moving home so I am pleased about that.\r\n\r\nThe summer can kill you as a trader because you try to force trades that really aren’t there. You let your guard down and accept poorer set ups. Everyone needs to re-charge his or her batteries. I am suggesting that whilst the markets are slow this is an ideal time to step back and maybe try out dummy trades with new ideas.\r\n\r\nCapital preservation is paramount to longevity in trading; it would be a shame to blow away six/seven months of good work in a slow market period.\r\n\r\nI will trade my FUNDAMENTAL TRADES and I will continue to sporadically advise PREMIUM SERVICE subscribers of progress / thoughts / ideas but I will not be at my computer screens for hours on end.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong>WHAT WAS THE POINT OF THE GREECE REFERENDUM?</strong>\r\n\r\nHave I missed something?\r\n\r\nWhat was the point of Tsipras walking away from the negotiation table just over a week ago to come back after a referendum (badly worded) to basically walk back into the EUROGROUP with what amounts to basically the same deal that he rejected but with him allegedly giving more concessions on pension and tax reforms?\r\n\r\nI think that Tsipras believed that after he had won his NO VOTE the EUROGROUP would see that he had a fresh mandate from the Greek people and as a result would be more amenable to debt relief. In this high stakes poker game I doubt he thought he would come back to Brussels and run into a brick wall. Tsipras was poorly advised. The EUROGROUP is made up of politicians and just like himself; they also have a popular vote and re-election to consider.\r\n\r\nNow I do believe that no EUROGROUP politician, Merkel included, wants to be written in the history books as the politician that brought about the downfall of the single currency. Therefore I think that the usual EUROZONE can –kicking settlement / compromise will take place and that Tsipras will be praying that he is NOT re-elected next time around so that when the then Greek government returns for bailout IV in a couple of years the reigning Prime Minister of Greece will blame the Syriza party and Tsipras for the mess.\r\n\r\nAs I have written many, many times before politicians blame people, in particular other politicians, they do NOT problem solve or fix things. Therefore be prepared for a can-kicking solution covered in duct tape and Elastoplast and get ready for the market reaction, which I believe after the initial relief rally will be a sell-off, with the EUR/USD heading to sub parity.\r\n\r\nMerkel has no option but to extend facilities, she cannot offer debt relief other than in a token gesture amount, if at all, as she will lose her political status back in Germany. Her powerbase is somewhat tenuous right now and signs of weakness with a GREECE deal, which, the majority of Germans couldn’t give a rats ass about anyway, would severely reduce her chances of victory at the next German general election.\r\n\r\nHollande on the other hand is a suicide mission anyway, in my opinion, he can say what he wants but the chances of his re-election next time around are pretty remote. There is more chance of Cameron Diaz moving in next-door and knocking on my front door asking to borrow a bowl of sugar.\r\n\r\nSo, Tsipras was badly advised, the EUROGROUP knocked him back and Tsipras has caved in because despite all my thoughts he does NOT have a plan B. If he had a plan B now is the time to play it. Leave the single currency, parallel currency with the Drachma until the single currency is out of circulation and re-value. A GREXIT… DEFAULT is the way to fix the GREECE problem. Now we are once again into can-kicking.\r\n\r\nIn life and especially in business you always need an alternative. For Tsipras to go back drop his trousers and bend over the desk in front of the EUROGROUP is so not the GREECE way of doing things, it makes no sense to me at all. He obviously thought 100% that he would gain significant concessions.\r\n\r\nMaybe he was set up?\r\n\r\nIn any event, whether he was or wasn\'t set up, we now enter what we are told is the weekend of decision. It would not surprise me if we extend again with a fudge for a few months with the ECB supporting the run on the Greek banks. It makes no sense to me, the economy trying to survive the past six months of negotiations between Athens and Brussels has just slipped further and further into recession. Any financial whiz kid who can predict growth in the Greek economy moving forward is in cloud cuckoo land.\r\n\r\nWe have years of turmoil ahead unless GREECE exits in my opinion. How in the name of sanity can they payback an increased debt?\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nThe above represents what I believe we will have in the EUROZONE for years ahead, I just cannot see why the EUROZONE will not just swing from one disaster / problem to the next.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 437 trades cost to trade = $43.70\r\n<strong>PROFIT</strong> from 437 trades = <strong>$628.70</strong>\r\n\r\nMINI LOT TRADER - 437 trades cost to trade = $437.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$6,287.00</strong>\r\n\r\nSTANDARD LOT TRADER - 437 trades cost to trade = $4,370.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$62,870.00</strong>\r\n\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\"><img class=\"aligncenter size-full wp-image-6268\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\" alt=\"PS PROFITS1 10072015\" width=\"455\" height=\"425\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\"><img class=\"aligncenter size-full wp-image-6269\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\" alt=\"PSPROFITS2 10072015\" width=\"465\" height=\"437\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nThis section will return after the summer break in September 2015.\r\n\r\n&nbsp;\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\nLast week was another week lighter than usual on trades. I am really trying just to be focused on the pairs that I feel offer the best RISK v REWARD in the current conditions allowing for the geopolitical overtones that are ever present at the moment.\r\n\r\nOne or two of you are commenting a little about the fact I am sitting back at the moment. The fact is I am here to make money the best way I see fit. If it means I pullback for a few weeks so be it. I am not going to risk my account by forcing through a few trades that I consider to be of a greater unacceptable risk.\r\n\r\nIn normal trading conditions I miss many trades. You simply cannot be in every trade. At the moment I am cautious. I write a lot about RISK and MONEY MANAGEMENT; I practice what I preach.\r\n\r\nThe PREMIUM SERVICE is still making money and as long as the broker account balance increases I for one will not complain.\r\n\r\nIt looks finally like we will see an end to the GREECE deal or no deal this weekend. Once the dust settles and we know what the end game is, trading conditions will hopefully improve just before we hit the summer break.\r\n\r\nI am sticking to my USD/CAD and NZD/USD core trades for now. Nothing that has happened has turned my head away from these. This past week we have really just seen a consolidation taking place with these trades and to be honest it should be expected, given the recent big moves.\r\n\r\n&nbsp;\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-10072015.png\"><img class=\"aligncenter size-full wp-image-6275\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-10072015.png\" alt=\"PS LIVE TRADES 10072015\" width=\"723\" height=\"578\" /></a>\r\n\r\n&nbsp;\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n(Remember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data).\r\n\r\n&nbsp;\r\n\r\nThere are no outstanding limit orders at this time, primarily due to limiting exposure ahead of a potential announcement on GREECE.\r\n\r\n&nbsp;\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:\r\n\r\n(Emanating from conversations and requested by fellow subscribers these trade set-ups are based on severe market pullbacks, breakouts or breakdowns. These trades would apply after major geopolitical news has hit the news wires. These are also trade levels that provided great set ups in the past that would hopefully represent great entry opportunities again in the future).\r\n\r\nGOLDEN TRADE #005\r\nEUR/USD:\r\nEnter short at 1.1470.\r\n\r\nMy comments are contained on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715-1024x541.png\" alt=\"EURUSD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\nTHIS WEEKS OVERVIEW:\r\n\r\nVery similar to last week, I am being selective on charts that interest me from a trading perspective. This week only three charts are attracting my interest: - GBP/AUD, EUR/GBP and GBP/CHF. My comments for each pair are contained on the charts.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-D-100715.png\"><img class=\"aligncenter size-large wp-image-6286\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-D-100715-1024x541.png\" alt=\"EURGBP D 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPAUD-M-100715.png\"><img class=\"aligncenter size-large wp-image-6285\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPAUD-M-100715-1024x541.png\" alt=\"GBPAUD M 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCHF-W-100715.png\"><img class=\"aligncenter size-large wp-image-6284\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCHF-W-100715-1024x541.png\" alt=\"GBPCHF W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n(The 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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-10072015.png\"><img class=\"aligncenter size-full wp-image-6276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-10072015.png\" alt=\"PS TRENDING PAIRS 10072015\" width=\"397\" height=\"525\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n<strong>EUR/USD: Closing Price 1.1146</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715-1024x541.png\" alt=\"EURUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5494</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-100715-1024x541.png\" alt=\"GBPUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.74288</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6283\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-100715-1024x541.png\" alt=\"AUDUSD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.6724</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-100715-1024x541.png\" alt=\"NZDUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.2657</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-100715-1024x541.png\" alt=\"USDCAD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CHF: Closing Price 0.9351</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-100715.png\"><img class=\"aligncenter size-large wp-image-6278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-100715-1024x541.png\" alt=\"USDCHF W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 122.65</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-100715.png\"><img class=\"aligncenter size-large wp-image-6277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-100715-1024x541.png\" alt=\"USDJPY W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nI could just cut and paste my comments from last week. Nothing has altered in my eyes except that we have a serious situation brewing in CHINA, which will create havoc after the summer break when greater attention will be directed. I am not sure how the FED will react to the CHINA news. No doubt Yellen will remain cautious and dovish no matter what happens.\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.twitter.com/ThePremService\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 10.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE\r\nBLOG REFERENCE: #68\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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 doubt','WHAT WAS THE POINT OF THE GREECE REFERENDUM?','','inherit','open','closed','','6291-revision-v1','','','2015-07-11 06:33:15','2015-07-11 11:33:15','',6291,'https://weeklyfxdrivethru.com/6291-revision-v1/',0,'revision','',0),(6292,1,'2015-07-11 06:31:58','2015-07-11 11:31:58','<p style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong></p>\r\n<p style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></p>\r\n<p style=\"text-align: center;\"></p>\r\n\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI want to start this blog by saying that I feel as if I am starring alongside Bill Murray in Groundhog Day. For the past five/six weeks every late evening, early morning and start of the North American session I have been looking at charts over and over again saying repeatedly to myself “Don’t be stupid”, “Wait for the dust to settle”, “This weekend is the deadline” and “Everything will be much clearer next week regardless of what the EUROZONE does with GREECE”. I am still in this damn movie!!\r\n\r\nWhat I find totally frustrating is that the markets in my opinion are just 110% complacent with what is going on. We are facing a real watershed in EUROPEAN politics and more importantly the future direction of the EUROZONE with the GREECE situation. I am just gob-smacked that the markets are acting as if they have just visited a Colorado recreational pot shop and are just laying back in the tall grass counting pink flying pigs cruising overhead. I find it totally bizarre. I am originally from Liverpool… nothing phases me, when you’ve grown up and lived in Liverpool you learn a lot about life and believe me it\'s a great schooling.\r\n\r\nFrankly, I think no matter what the outcome tomorrow or Sunday, or whenever the next GREECE deadline is, we are once again buying the rumour and we will sell the news. Nothing about the GREECE settlement is EUR positive in my opinion; sure, we may a see a short rally. It will be sold into, let the EUR/USD push to 1.1500 and the EUR/GBP to 0.7350-0.7400… I will be waiting to short these.\r\n\r\nWhat was the point of the referendum? – read my thoughts later in this blog.\r\n\r\nMoving on, now I have that rant off my chest, what else has been going on?\r\n\r\nCHINA… Holy Mother of God…. Several weeks ago I wrote about the fact that, the general population was opening broker accounts in CHINA in the hundreds of thousands a week, as the Chinese authorities were opening up their markets. Quelle surprise this is going belly up. The closed style of CHINA has come to the forefront once again. About 50% of Chinese companies had their stock frozen for days so as not to have millions written off their valuations as panic selling was stepping in. To stop this the Chinese government took restrictive action not allowing sales of shares for I think in most cases 6 months after purchase plus a few other free market restrictive measures.\r\n\r\nCHINA wants a free and open market Chinese style, and certainly one that is not the style we in the west are accustomed to. Manipulation is the name of the Chinese game. This is why I do not believe most economic statistics provided by the Chinese government. They tell you what they think you want to hear, regardless of the accuracy.\r\n\r\nRight now, CHINA poses a real threat to market stability and I think that we have some very interesting twists and turns ahead. The recent mad upturn in the Chinese and Hong Kong equities markets will have sellers looking to exit whatever they can into strength and balance RISK.\r\n\r\nLast week we also had the FOMC meeting minutes released. When these are released to the markets they are three/four weeks in arrears and frankly yesterdays news. This release was largely ignored as GREEK and CHINESE news was dominating trader’s thoughts not what Janet Yellen and her cohorts had discussed over a good bottle of claret accompanied with cheese and crackers.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: EUR – Eurogroup Meeting.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: CAD – BOC Rate Statement and Monetary Policy Report.\r\nWEDNESDAY: CAD – BOC Governor Stephen Poloz “Words of wisdom”.\r\nWEDNESDAY: USD – Janet Yellen testifies to “the hill” with words of wisdom.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: NZD – CPi.\r\n\r\nTHURSDAY: EUR – Press Conference with Mario Draghi’s words of wisdom.\r\nTHURSDAY: USD – Janet Yellen testifies again…more words of wisdom.\r\n\r\nFRIDAY: CAD – Core CPi.\r\nFRIDAY: USD – CPi and Core CPi.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nApart from GREECE dominating the news I am looking forward to the BOC on Wednesday. Do not be surprised if there is a rate cut. Things are not as rosy as the markets would have you believe here in Canada. Nationally, the economy needs a push and whilst I look at Poloz as being behind the curve with most views, he stunned the market with a cut a few months ago. Do not rule out another cut.\r\n\r\nWith regards to the FED, I am getting bored with the Yellen\'s comments, she just keeps repeating the same old same old stuff over and over again. Are the market makers really that stupid that they cannot understand they need Yellen on repeat every time she speaks?\r\n\r\nData dependent...I’ve got it.\r\n\r\nRate hike this year… got it.\r\n\r\nLook at the dots… got it.\r\n\r\nGeopolitical news is mostly transitory… received loud and clear.\r\n\r\nWill someone please tell CNBC? I now have to be out of bed just before 0600 at the latest before Joe “where am I, I’d rather play golf, I checked out years ago Kernan hits the TV screens. Can CNBC please change the record and approach these news items a little more head on and stop bringing in the same old flutes week after week to give opinions and buy/sell ideas without follow up… it is so 1960’s TV. My God another soapbox this week….\r\n\r\nMario Draghi steps up dressed in his finest Italian suit once more to deliver his views on the EUROZONE economy. Read the following in an Italian accent…”I will be supporting the EUROZONE will low interest rates and probably more QE for a longer period, in fact, it will be such a long period in time I will be dead and buried before its fixed, in fact, everyone in this room will be dead and buried and pushing up daisies before I see a rise in interest rates happening”….next question”\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nNow is the time in my opinion to really manage your broker accounts.\r\n\r\nWe are about to enter the summer doldrums, I know that there are geopolitical issues hanging around: -\r\n<ul>\r\n	<li>GREECE</li>\r\n	<li>CHINA</li>\r\n	<li>IRAN</li>\r\n	<li>ISIL</li>\r\n</ul>\r\nAs traders take their annual vacations the liquidity of the markets will dry up and we usually enter a period of false breakouts and false breakdowns and range trading becomes the order of day. There is only two more WEEKLY FX DRIVE THRU’s left until I take a five/six week break from trading and writing. I am moving home so I am pleased about that.\r\n\r\nThe summer can kill you as a trader because you try to force trades that really aren’t there. You let your guard down and accept poorer set ups. Everyone needs to re-charge his or her batteries. I am suggesting that whilst the markets are slow this is an ideal time to step back and maybe try out dummy trades with new ideas.\r\n\r\nCapital preservation is paramount to longevity in trading; it would be a shame to blow away six/seven months of good work in a slow market period.\r\n\r\nI will trade my FUNDAMENTAL TRADES and I will continue to sporadically advise PREMIUM SERVICE subscribers of progress / thoughts / ideas but I will not be at my computer screens for hours on end.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong>WHAT WAS THE POINT OF THE GREECE REFERENDUM?</strong>\r\n\r\nHave I missed something?\r\n\r\nWhat was the point of Tsipras walking away from the negotiation table just over a week ago to come back after a referendum (badly worded) to basically walk back into the EUROGROUP with what amounts to basically the same deal that he rejected but with him allegedly giving more concessions on pension and tax reforms?\r\n\r\nI think that Tsipras believed that after he had won his NO VOTE the EUROGROUP would see that he had a fresh mandate from the Greek people and as a result would be more amenable to debt relief. In this high stakes poker game I doubt he thought he would come back to Brussels and run into a brick wall. Tsipras was poorly advised. The EUROGROUP is made up of politicians and just like himself; they also have a popular vote and re-election to consider.\r\n\r\nNow I do believe that no EUROGROUP politician, Merkel included, wants to be written in the history books as the politician that brought about the downfall of the single currency. Therefore I think that the usual EUROZONE can –kicking settlement / compromise will take place and that Tsipras will be praying that he is NOT re-elected next time around so that when the then Greek government returns for bailout IV in a couple of years the reigning Prime Minister of Greece will blame the Syriza party and Tsipras for the mess.\r\n\r\nAs I have written many, many times before politicians blame people, in particular other politicians, they do NOT problem solve or fix things. Therefore be prepared for a can-kicking solution covered in duct tape and Elastoplast and get ready for the market reaction, which I believe after the initial relief rally will be a sell-off, with the EUR/USD heading to sub parity.\r\n\r\nMerkel has no option but to extend facilities, she cannot offer debt relief other than in a token gesture amount, if at all, as she will lose her political status back in Germany. Her powerbase is somewhat tenuous right now and signs of weakness with a GREECE deal, which, the majority of Germans couldn’t give a rats ass about anyway, would severely reduce her chances of victory at the next German general election.\r\n\r\nHollande on the other hand is a suicide mission anyway, in my opinion, he can say what he wants but the chances of his re-election next time around are pretty remote. There is more chance of Cameron Diaz moving in next-door and knocking on my front door asking to borrow a bowl of sugar.\r\n\r\nSo, Tsipras was badly advised, the EUROGROUP knocked him back and Tsipras has caved in because despite all my thoughts he does NOT have a plan B. If he had a plan B now is the time to play it. Leave the single currency, parallel currency with the Drachma until the single currency is out of circulation and re-value. A GREXIT… DEFAULT is the way to fix the GREECE problem. Now we are once again into can-kicking.\r\n\r\nIn life and especially in business you always need an alternative. For Tsipras to go back drop his trousers and bend over the desk in front of the EUROGROUP is so not the GREECE way of doing things, it makes no sense to me at all. He obviously thought 100% that he would gain significant concessions.\r\n\r\nMaybe he was set up?\r\n\r\nIn any event, whether he was or wasn\'t set up, we now enter what we are told is the weekend of decision. It would not surprise me if we extend again with a fudge for a few months with the ECB supporting the run on the Greek banks. It makes no sense to me, the economy trying to survive the past six months of negotiations between Athens and Brussels has just slipped further and further into recession. Any financial whiz kid who can predict growth in the Greek economy moving forward is in cloud cuckoo land.\r\n\r\nWe have years of turmoil ahead unless GREECE exits in my opinion. How in the name of sanity can they payback an increased debt?\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nThe above represents what I believe we will have in the EUROZONE for years ahead, I just cannot see why the EUROZONE will not just swing from one disaster / problem to the next.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 437 trades cost to trade = $43.70\r\n<strong>PROFIT</strong> from 437 trades = <strong>$628.70</strong>\r\n\r\nMINI LOT TRADER - 437 trades cost to trade = $437.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$6,287.00</strong>\r\n\r\nSTANDARD LOT TRADER - 437 trades cost to trade = $4,370.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$62,870.00</strong>\r\n\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\"><img class=\"aligncenter size-full wp-image-6268\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\" alt=\"PS PROFITS1 10072015\" width=\"455\" height=\"425\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\"><img class=\"aligncenter size-full wp-image-6269\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\" alt=\"PSPROFITS2 10072015\" width=\"465\" height=\"437\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nThis section will return after the summer break in September 2015.\r\n\r\n&nbsp;\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\nLast week was another week lighter than usual on trades. I am really trying just to be focused on the pairs that I feel offer the best RISK v REWARD in the current conditions allowing for the geopolitical overtones that are ever present at the moment.\r\n\r\nOne or two of you are commenting a little about the fact I am sitting back at the moment. The fact is I am here to make money the best way I see fit. If it means I pullback for a few weeks so be it. I am not going to risk my account by forcing through a few trades that I consider to be of a greater unacceptable risk.\r\n\r\nIn normal trading conditions I miss many trades. You simply cannot be in every trade. At the moment I am cautious. I write a lot about RISK and MONEY MANAGEMENT; I practice what I preach.\r\n\r\nThe PREMIUM SERVICE is still making money and as long as the broker account balance increases I for one will not complain.\r\n\r\nIt looks finally like we will see an end to the GREECE deal or no deal this weekend. Once the dust settles and we know what the end game is, trading conditions will hopefully improve just before we hit the summer break.\r\n\r\nI am sticking to my USD/CAD and NZD/USD core trades for now. Nothing that has happened has turned my head away from these. This past week we have really just seen a consolidation taking place with these trades and to be honest it should be expected, given the recent big moves.\r\n\r\n&nbsp;\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-10072015.png\"><img class=\"aligncenter size-full wp-image-6275\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-TRADES-10072015.png\" alt=\"PS LIVE TRADES 10072015\" width=\"723\" height=\"578\" /></a>\r\n\r\n&nbsp;\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n(Remember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data).\r\n\r\n&nbsp;\r\n\r\nThere are no outstanding limit orders at this time, primarily due to limiting exposure ahead of a potential announcement on GREECE.\r\n\r\n&nbsp;\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:\r\n\r\n(Emanating from conversations and requested by fellow subscribers these trade set-ups are based on severe market pullbacks, breakouts or breakdowns. These trades would apply after major geopolitical news has hit the news wires. These are also trade levels that provided great set ups in the past that would hopefully represent great entry opportunities again in the future).\r\n\r\nGOLDEN TRADE #005\r\nEUR/USD:\r\nEnter short at 1.1470.\r\n\r\nMy comments are contained on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715-1024x541.png\" alt=\"EURUSD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\nTHIS WEEKS OVERVIEW:\r\n\r\nVery similar to last week, I am being selective on charts that interest me from a trading perspective. This week only three charts are attracting my interest: - GBP/AUD, EUR/GBP and GBP/CHF. My comments for each pair are contained on the charts.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-D-100715.png\"><img class=\"aligncenter size-large wp-image-6286\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURGBP-D-100715-1024x541.png\" alt=\"EURGBP D 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPAUD-M-100715.png\"><img class=\"aligncenter size-large wp-image-6285\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPAUD-M-100715-1024x541.png\" alt=\"GBPAUD M 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCHF-W-100715.png\"><img class=\"aligncenter size-large wp-image-6284\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPCHF-W-100715-1024x541.png\" alt=\"GBPCHF W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n(The 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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-10072015.png\"><img class=\"aligncenter size-full wp-image-6276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-10072015.png\" alt=\"PS TRENDING PAIRS 10072015\" width=\"397\" height=\"525\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n<strong>EUR/USD: Closing Price 1.1146</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-100715-1024x541.png\" alt=\"EURUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5494</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-100715-1024x541.png\" alt=\"GBPUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.74288</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6283\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-100715-1024x541.png\" alt=\"AUDUSD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.6724</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-100715-1024x541.png\" alt=\"NZDUSD W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.2657</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-100715.png\"><img class=\"aligncenter size-large wp-image-6279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-100715-1024x541.png\" alt=\"USDCAD W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CHF: Closing Price 0.9351</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-100715.png\"><img class=\"aligncenter size-large wp-image-6278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-100715-1024x541.png\" alt=\"USDCHF W 100715\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 122.65</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-100715.png\"><img class=\"aligncenter size-large wp-image-6277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-100715-1024x541.png\" alt=\"USDJPY W 100715\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nI could just cut and paste my comments from last week. Nothing has altered in my eyes except that we have a serious situation brewing in CHINA, which will create havoc after the summer break when greater attention will be directed. I am not sure how the FED will react to the CHINA news. No doubt Yellen will remain cautious and dovish no matter what happens.\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.twitter.com/ThePremService\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 10.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE\r\nBLOG REFERENCE: #68\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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 doubt','WHAT WAS THE POINT OF THE GREECE REFERENDUM?','','inherit','open','closed','','6291-revision-v1','','','2015-07-11 06:31:58','2015-07-11 11:31:58','',6291,'https://weeklyfxdrivethru.com/6291-revision-v1/',0,'revision','',0),(6294,1,'2015-07-11 07:03:55','2015-07-11 12:03:55','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI want to start this blog by saying that I feel as if I am staring alongside Bill Murray in Groundhog Day. For the past five/six weeks every late evening, early morning and start of the North American session I have been looking at charts over and over again saying repeatedly to myself “Don’t be stupid”, “Wait for the dust to settle”, “This weekend is the deadline” and “Everything will be much clearer next week regardless of what the EUROZONE does with GREECE”. I am still in this damn movie!!\r\n\r\nWhat I find totally frustrating is that the markets in my opinion are just 110% complacent with what is going on. We are facing a real watershed in EUROPEAN politics and more importantly the future direction of the EUROZONE with the GREECE situation. I am just gob-smacked that the markets are acting as if they have just visited a Colorado recreational pot shop and are just laying back in the tall grass counting pink flying pigs cruising overhead. I find it totally bizarre. I am originally from Liverpool… nothing phases me, when you’ve grown up and lived in Liverpool you learn a lot about life and believe me it\'s a great schooling.\r\n\r\nFrankly, I think no matter what the outcome tomorrow or Sunday, or whenever the next GREECE deadline is, we are once again buying the rumour and we will sell the news. Nothing about the GREECE settlement is EUR positive in my opinion; sure, we may a see a short rally. It will be sold into, let the EUR/USD push to 1.1500 and the EUR/GBP to 0.7350-0.7400… I will be waiting to short these.\r\n\r\nWhat was the point of the referendum? – read my thoughts later in this blog.\r\n\r\nMoving on, now I have that rant off my chest, what else has been going on?\r\n\r\nCHINA… Holy Mother of God…. Several weeks ago I wrote about the fact that, the general population was opening broker accounts in CHINA in the hundreds of thousands a week, as the Chinese authorities were opening up their markets. Quelle surprise this is going belly up. The closed style of CHINA has come to the forefront once again. About 50% of Chinese companies had their stock frozen for days so as not to have millions written off their valuations as panic selling was stepping in. To stop this the Chinese government took restrictive action not allowing sales of shares for I think in most cases 6 months after purchase plus a few other free market restrictive measures.\r\n\r\nCHINA wants a free and open market Chinese style, and certainly one that is not the style we in the west are accustomed to. Manipulation is the name of the Chinese game. This is why I do not believe most economic statistics provided by the Chinese government. They tell you what they think you want to hear, regardless of the accuracy.\r\n\r\nRight now, CHINA poses a real threat to market stability and I think that we have some very interesting twists and turns ahead. The recent mad upturn in the Chinese and Hong Kong equities markets will have sellers looking to exit whatever they can into strength and balance RISK.\r\n\r\nLast week we also had the FOMC meeting minutes released. When these are released to the markets they are three/four weeks in arrears and frankly yesterdays news. This release was largely ignored as GREEK and CHINESE news was dominating trader’s thoughts not what Janet Yellen and her cohorts had discussed over a good bottle of claret accompanied with cheese and crackers.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: EUR – Eurogroup Meeting.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\nTUESDAY: CNY – GDP.\r\nWEDNESDAY: CAD – BOC Rate Statement and Monetary Policy Report.\r\nWEDNESDAY: CAD – BOC Governor Stephen Poloz “Words of wisdom”.\r\nWEDNESDAY: USD – Janet Yellen testifies to “the hill” with words of wisdom.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: NZD – CPi.\r\n\r\nTHURSDAY: EUR – Press Conference with Mario Draghi’s words of wisdom.\r\nTHURSDAY: USD – Janet Yellen testifies again…more words of wisdom.\r\nFRIDAY: CAD – Core CPi.\r\nFRIDAY: USD – CPi and Core CPi.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nApart from GREECE dominating the news I am looking forward to the BOC on Wednesday. Do not be surprised if there is a rate cut. Things are not as rosy as the markets would have you believe here in Canada. Nationally, the economy needs a push and whilst I look at Poloz as being behind the curve with most views, he stunned the market with a cut a few months ago. Do not rule out another cut.\r\n\r\nWith regards to the FED, I am getting bored with the dwarf’s comments, she just keeps repeating the same old same old stuff over and over again. Are the market makers really that stupid that they cannot understand they need Yellen on repeat every time she speaks?\r\n\r\nData dependent...I’ve got it.\r\n\r\nRate hike this year… got it.\r\n\r\nLook at the dots… got it.\r\n\r\nGeopolitical news is mostly transitory… received loud and clear.\r\n\r\nWill someone please tell CNBC? I now have to be out of bed just before 0600 at the latest before Joe “where am I, I’d rather play golf, I checked out years ago Kernan hits the TV screens. Can CNBC please change the record and approach these news items a little more head on and stop bringing in the same old flutes week after week to give opinions and buy/sell ideas without follow up… it is so 1960’s TV. My God another soapbox this week….\r\n\r\nMario Draghi steps up dressed in his finest Italian suit once more to deliver his views on the EUROZONE economy. Read the following in an Italian accent…”I will be supporting the EUROZONE will low interest rates and probably more QE for a longer period, in fact, it will be such a long period in time I will be dead and buried before its fixed, in fact, everyone in this room will be dead and buried and pushing up daisies before I see a rise in interest rates happening”….next question”\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nNow is the time in my opinion to really manage your broker accounts.\r\n\r\nWe are about to enter the summer doldrums, I know that there are geopolitical issues hanging around: -\r\n<ul>\r\n	<li>GREECE</li>\r\n	<li>CHINA</li>\r\n	<li>IRAN</li>\r\n	<li>ISIL</li>\r\n</ul>\r\nAs traders take their annual vacations the liquidity of the markets will dry up and we usually enter a period of false breakouts and false breakdowns and range trading becomes the order of day. There is only two more WEEKLY FX DRIVE THRU’s left until I take a five/six week break from trading and writing. I am moving home so I am pleased about that.\r\n\r\nThe summer can kill you as a trader because you try to force trades that really aren’t there. You let your guard down and accept poorer set ups. Everyone needs to re-charge his or her batteries. I am suggesting that whilst the markets are slow this is an ideal time to step back and maybe try out dummy trades with new ideas.\r\n\r\nCapital preservation is paramount to longevity in trading; it would be a shame to blow away six/seven months of good work in a slow market period.\r\n\r\nI will trade my FUNDAMENTAL TRADES and I will continue to sporadically advise PREMIUM SERVICE subscribers of progress / thoughts / ideas but I will not be at my computer screens for hours on end.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong>WHAT WAS THE POINT OF THE GREECE REFERENDUM?</strong>\r\n\r\nHave I missed something?\r\n\r\nWhat was the point of Tsipras walking away from the negotiation table just over a week ago to come back after a referendum (badly worded) to basically walk back into the EUROGROUP with what amounts to basically the same deal that he rejected but with him allegedly giving more concessions on pension and tax reforms?\r\n\r\nI think that Tsipras believed that after he had won his NO VOTE the EUROGROUP would see that he had a fresh mandate from the Greek people and as a result would be more amenable to debt relief. In this high stakes poker game I doubt he thought he would come back to Brussels and run into a brick wall. Tsipras was poorly advised. The EUROGROUP is made up of politicians and just like himself; they also have a popular vote and re-election to consider.\r\n\r\nNow I do believe that no EUROGROUP politician, Merkel included, wants to be written in the history books as the politician that brought about the downfall of the single currency. Therefore I think that the usual EUROZONE can –kicking settlement / compromise will take place and that Tsipras will be praying that he is NOT re-elected next time around so that when the then Greek government returns for bailout IV in a couple of years the reigning Prime Minister of Greece will blame the Syriza party and Tsipras for the mess.\r\n\r\nAs I have written many, many times before politicians blame people, in particular other politicians, they do NOT problem solve or fix things. Therefore be prepared for a can-kicking solution covered in duct tape and Elastoplast and get ready for the market reaction, which I believe after the initial relief rally will be a sell-off, with the EUR/USD heading to sub parity.\r\n\r\nMerkel has no option but to extend facilities, she cannot offer debt relief other than in a token gesture amount, if at all, as she will lose her political status back in Germany. Her powerbase is somewhat tenuous right now and signs of weakness with a GREECE deal, which, the majority of Germans couldn’t give a rats ass about anyway, would severely reduce her chances of victory at the next German general election.\r\n\r\nHollande on the other hand is a suicide mission anyway, in my opinion, he can say what he wants but the chances of his re-election next time around are pretty remote. There is more chance of Cameron Diaz moving in next-door and knocking on my front door asking to borrow a bowl of sugar.\r\n\r\nSo, Tsipras was badly advised, the EUROGROUP knocked him back and Tsipras has caved in because despite all my thoughts he does NOT have a plan B. If he had a plan B now is the time to play it. Leave the single currency, parallel currency with the Drachma until the single currency is out of circulation and re-value. A GREXIT… DEFAULT is the way to fix the GREECE problem. Now we are once again into can-kicking.\r\n\r\nIn life and especially in business you always need an alternative. For Tsipras to go back drop his trousers and bend over the desk in front of the EUROGROUP is so not the GREECE way of doing things, it makes no sense to me at all. He obviously thought 100% that he would gain significant concessions.\r\n\r\nMaybe he was set up?\r\n\r\nIn any event, whether he was or wasn\'t set up, we now enter what we are told is the weekend of decision. It would not surprise me if we extend again with a fudge for a few months with the ECB supporting the run on the Greek banks. It makes no sense to me, the economy trying to survive the past six months of negotiations between Athens and Brussels has just slipped further and further into recession. Any financial whiz kid who can predict growth in the Greek economy moving forward is in cloud cuckoo land.\r\n\r\nWe have years of turmoil ahead unless GREECE exits in my opinion. How in the name of sanity can they payback an increased debt?\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nThe above represents what I believe we will have in the EUROZONE for years ahead, I just cannot see why the EUROZONE will not just swing from one disaster / problem to the next.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong> THE PREMIUM SERVICE:</strong>&nbsp;</li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\n\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\n&nbsp;\r\n<ul>\r\n	<li>GOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00</li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>PLEASE NOTE:</u>\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 437 trades cost to trade = $43.70\r\n<strong>PROFIT</strong> from 437 trades = <strong>$628.70</strong>\r\n\r\nMINI LOT TRADER - 437 trades cost to trade = $437.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$6,287.00</strong>\r\n\r\nSTANDARD LOT TRADER - 437 trades cost to trade = $4,370.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$62,870.00</strong>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\"><img class=\"aligncenter size-full wp-image-6268\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\" alt=\"PS PROFITS1 10072015\" width=\"455\" height=\"425\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\"><img class=\"aligncenter size-full wp-image-6269\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\" alt=\"PSPROFITS2 10072015\" width=\"465\" height=\"437\" /></a>\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:<u> </u>\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u></u></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nI could just cut and paste my comments from last week. Nothing has altered in my eyes except that we have a serious situation brewing in CHINA, which will create havoc after the summer break when greater attention will be directed. I am not sure how the FED will react to the CHINA news. No doubt Yellen will remain cautious and dovish no matter what happens.\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 10.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #161\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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 doubt.','WHAT WAS THE POINT OF THE GREECE REFERENDUM?','','publish','open','closed','','what-was-the-point-of-the-greece-referendum','','','2015-07-11 07:03:55','2015-07-11 12:03:55','',0,'https://weeklyfxdrivethru.com/?p=6294',0,'post','',0),(6295,1,'2015-07-11 07:03:21','2015-07-11 12:03:21','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI want to start this blog by saying that I feel as if I am staring alongside Bill Murray in Groundhog Day. For the past five/six weeks every late evening, early morning and start of the North American session I have been looking at charts over and over again saying repeatedly to myself “Don’t be stupid”, “Wait for the dust to settle”, “This weekend is the deadline” and “Everything will be much clearer next week regardless of what the EUROZONE does with GREECE”. I am still in this damn movie!!\r\n\r\nWhat I find totally frustrating is that the markets in my opinion are just 110% complacent with what is going on. We are facing a real watershed in EUROPEAN politics and more importantly the future direction of the EUROZONE with the GREECE situation. I am just gob-smacked that the markets are acting as if they have just visited a Colorado recreational pot shop and are just laying back in the tall grass counting pink flying pigs cruising overhead. I find it totally bizarre. I am originally from Liverpool… nothing phases me, when you’ve grown up and lived in Liverpool you learn a lot about life and believe me it\'s a great schooling.\r\n\r\nFrankly, I think no matter what the outcome tomorrow or Sunday, or whenever the next GREECE deadline is, we are once again buying the rumour and we will sell the news. Nothing about the GREECE settlement is EUR positive in my opinion; sure, we may a see a short rally. It will be sold into, let the EUR/USD push to 1.1500 and the EUR/GBP to 0.7350-0.7400… I will be waiting to short these.\r\n\r\nWhat was the point of the referendum? – read my thoughts later in this blog.\r\n\r\nMoving on, now I have that rant off my chest, what else has been going on?\r\n\r\nCHINA… Holy Mother of God…. Several weeks ago I wrote about the fact that, the general population was opening broker accounts in CHINA in the hundreds of thousands a week, as the Chinese authorities were opening up their markets. Quelle surprise this is going belly up. The closed style of CHINA has come to the forefront once again. About 50% of Chinese companies had their stock frozen for days so as not to have millions written off their valuations as panic selling was stepping in. To stop this the Chinese government took restrictive action not allowing sales of shares for I think in most cases 6 months after purchase plus a few other free market restrictive measures.\r\n\r\nCHINA wants a free and open market Chinese style, and certainly one that is not the style we in the west are accustomed to. Manipulation is the name of the Chinese game. This is why I do not believe most economic statistics provided by the Chinese government. They tell you what they think you want to hear, regardless of the accuracy.\r\n\r\nRight now, CHINA poses a real threat to market stability and I think that we have some very interesting twists and turns ahead. The recent mad upturn in the Chinese and Hong Kong equities markets will have sellers looking to exit whatever they can into strength and balance RISK.\r\n\r\nLast week we also had the FOMC meeting minutes released. When these are released to the markets they are three/four weeks in arrears and frankly yesterdays news. This release was largely ignored as GREEK and CHINESE news was dominating trader’s thoughts not what Janet Yellen and her cohorts had discussed over a good bottle of claret accompanied with cheese and crackers.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: EUR – Eurogroup Meeting.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\nTUESDAY: CNY – GDP.\r\nWEDNESDAY: CAD – BOC Rate Statement and Monetary Policy Report.\r\nWEDNESDAY: CAD – BOC Governor Stephen Poloz “Words of wisdom”.\r\nWEDNESDAY: USD – Janet Yellen testifies to “the hill” with words of wisdom.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: NZD – CPi.\r\n\r\nTHURSDAY: EUR – Press Conference with Mario Draghi’s words of wisdom.\r\nTHURSDAY: USD – Janet Yellen testifies again…more words of wisdom.\r\nFRIDAY: CAD – Core CPi.\r\nFRIDAY: USD – CPi and Core CPi.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nApart from GREECE dominating the news I am looking forward to the BOC on Wednesday. Do not be surprised if there is a rate cut. Things are not as rosy as the markets would have you believe here in Canada. Nationally, the economy needs a push and whilst I look at Poloz as being behind the curve with most views, he stunned the market with a cut a few months ago. Do not rule out another cut.\r\n\r\nWith regards to the FED, I am getting bored with the dwarf’s comments, she just keeps repeating the same old same old stuff over and over again. Are the market makers really that stupid that they cannot understand they need Yellen on repeat every time she speaks?\r\n\r\nData dependent...I’ve got it.\r\n\r\nRate hike this year… got it.\r\n\r\nLook at the dots… got it.\r\n\r\nGeopolitical news is mostly transitory… received loud and clear.\r\n\r\nWill someone please tell CNBC? I now have to be out of bed just before 0600 at the latest before Joe “where am I, I’d rather play golf, I checked out years ago Kernan hits the TV screens. Can CNBC please change the record and approach these news items a little more head on and stop bringing in the same old flutes week after week to give opinions and buy/sell ideas without follow up… it is so 1960’s TV. My God another soapbox this week….\r\n\r\nMario Draghi steps up dressed in his finest Italian suit once more to deliver his views on the EUROZONE economy. Read the following in an Italian accent…”I will be supporting the EUROZONE will low interest rates and probably more QE for a longer period, in fact, it will be such a long period in time I will be dead and buried before its fixed, in fact, everyone in this room will be dead and buried and pushing up daisies before I see a rise in interest rates happening”….next question”\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nNow is the time in my opinion to really manage your broker accounts.\r\n\r\nWe are about to enter the summer doldrums, I know that there are geopolitical issues hanging around: -\r\n<ul>\r\n	<li>GREECE</li>\r\n	<li>CHINA</li>\r\n	<li>IRAN</li>\r\n	<li>ISIL</li>\r\n</ul>\r\nAs traders take their annual vacations the liquidity of the markets will dry up and we usually enter a period of false breakouts and false breakdowns and range trading becomes the order of day. There is only two more WEEKLY FX DRIVE THRU’s left until I take a five/six week break from trading and writing. I am moving home so I am pleased about that.\r\n\r\nThe summer can kill you as a trader because you try to force trades that really aren’t there. You let your guard down and accept poorer set ups. Everyone needs to re-charge his or her batteries. I am suggesting that whilst the markets are slow this is an ideal time to step back and maybe try out dummy trades with new ideas.\r\n\r\nCapital preservation is paramount to longevity in trading; it would be a shame to blow away six/seven months of good work in a slow market period.\r\n\r\nI will trade my FUNDAMENTAL TRADES and I will continue to sporadically advise PREMIUM SERVICE subscribers of progress / thoughts / ideas but I will not be at my computer screens for hours on end.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong>WHAT WAS THE POINT OF THE GREECE REFERENDUM?</strong>\r\n\r\nHave I missed something?\r\n\r\nWhat was the point of Tsipras walking away from the negotiation table just over a week ago to come back after a referendum (badly worded) to basically walk back into the EUROGROUP with what amounts to basically the same deal that he rejected but with him allegedly giving more concessions on pension and tax reforms?\r\n\r\nI think that Tsipras believed that after he had won his NO VOTE the EUROGROUP would see that he had a fresh mandate from the Greek people and as a result would be more amenable to debt relief. In this high stakes poker game I doubt he thought he would come back to Brussels and run into a brick wall. Tsipras was poorly advised. The EUROGROUP is made up of politicians and just like himself; they also have a popular vote and re-election to consider.\r\n\r\nNow I do believe that no EUROGROUP politician, Merkel included, wants to be written in the history books as the politician that brought about the downfall of the single currency. Therefore I think that the usual EUROZONE can –kicking settlement / compromise will take place and that Tsipras will be praying that he is NOT re-elected next time around so that when the then Greek government returns for bailout IV in a couple of years the reigning Prime Minister of Greece will blame the Syriza party and Tsipras for the mess.\r\n\r\nAs I have written many, many times before politicians blame people, in particular other politicians, they do NOT problem solve or fix things. Therefore be prepared for a can-kicking solution covered in duct tape and Elastoplast and get ready for the market reaction, which I believe after the initial relief rally will be a sell-off, with the EUR/USD heading to sub parity.\r\n\r\nMerkel has no option but to extend facilities, she cannot offer debt relief other than in a token gesture amount, if at all, as she will lose her political status back in Germany. Her powerbase is somewhat tenuous right now and signs of weakness with a GREECE deal, which, the majority of Germans couldn’t give a rats ass about anyway, would severely reduce her chances of victory at the next German general election.\r\n\r\nHollande on the other hand is a suicide mission anyway, in my opinion, he can say what he wants but the chances of his re-election next time around are pretty remote. There is more chance of Cameron Diaz moving in next-door and knocking on my front door asking to borrow a bowl of sugar.\r\n\r\nSo, Tsipras was badly advised, the EUROGROUP knocked him back and Tsipras has caved in because despite all my thoughts he does NOT have a plan B. If he had a plan B now is the time to play it. Leave the single currency, parallel currency with the Drachma until the single currency is out of circulation and re-value. A GREXIT… DEFAULT is the way to fix the GREECE problem. Now we are once again into can-kicking.\r\n\r\nIn life and especially in business you always need an alternative. For Tsipras to go back drop his trousers and bend over the desk in front of the EUROGROUP is so not the GREECE way of doing things, it makes no sense to me at all. He obviously thought 100% that he would gain significant concessions.\r\n\r\nMaybe he was set up?\r\n\r\nIn any event, whether he was or wasn\'t set up, we now enter what we are told is the weekend of decision. It would not surprise me if we extend again with a fudge for a few months with the ECB supporting the run on the Greek banks. It makes no sense to me, the economy trying to survive the past six months of negotiations between Athens and Brussels has just slipped further and further into recession. Any financial whiz kid who can predict growth in the Greek economy moving forward is in cloud cuckoo land.\r\n\r\nWe have years of turmoil ahead unless GREECE exits in my opinion. How in the name of sanity can they payback an increased debt?\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nThe above represents what I believe we will have in the EUROZONE for years ahead, I just cannot see why the EUROZONE will not just swing from one disaster / problem to the next.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n\r\n</strong></li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\n\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\n&nbsp;\r\n<ul>\r\n	<li>GOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00</li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>PLEASE NOTE:</u>\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 437 trades cost to trade = $43.70\r\n<strong>PROFIT</strong> from 437 trades = <strong>$628.70</strong>\r\n\r\nMINI LOT TRADER - 437 trades cost to trade = $437.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$6,287.00</strong>\r\n\r\nSTANDARD LOT TRADER - 437 trades cost to trade = $4,370.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$62,870.00</strong>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\"><img class=\"aligncenter size-full wp-image-6268\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\" alt=\"PS PROFITS1 10072015\" width=\"455\" height=\"425\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\"><img class=\"aligncenter size-full wp-image-6269\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\" alt=\"PSPROFITS2 10072015\" width=\"465\" height=\"437\" /></a>\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:<u> </u>\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n\r\n</u></strong>\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nI could just cut and paste my comments from last week. Nothing has altered in my eyes except that we have a serious situation brewing in CHINA, which will create havoc after the summer break when greater attention will be directed. I am not sure how the FED will react to the CHINA news. No doubt Yellen will remain cautious and dovish no matter what happens.\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 10.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #161\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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 doubt.','WHAT WAS THE POINT OF THE GREECE REFERENDUM?','','inherit','open','closed','','6294-revision-v1','','','2015-07-11 07:03:21','2015-07-11 12:03:21','',6294,'https://weeklyfxdrivethru.com/6294-revision-v1/',0,'revision','',0),(6296,1,'2015-07-11 07:03:55','2015-07-11 12:03:55','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI want to start this blog by saying that I feel as if I am staring alongside Bill Murray in Groundhog Day. For the past five/six weeks every late evening, early morning and start of the North American session I have been looking at charts over and over again saying repeatedly to myself “Don’t be stupid”, “Wait for the dust to settle”, “This weekend is the deadline” and “Everything will be much clearer next week regardless of what the EUROZONE does with GREECE”. I am still in this damn movie!!\r\n\r\nWhat I find totally frustrating is that the markets in my opinion are just 110% complacent with what is going on. We are facing a real watershed in EUROPEAN politics and more importantly the future direction of the EUROZONE with the GREECE situation. I am just gob-smacked that the markets are acting as if they have just visited a Colorado recreational pot shop and are just laying back in the tall grass counting pink flying pigs cruising overhead. I find it totally bizarre. I am originally from Liverpool… nothing phases me, when you’ve grown up and lived in Liverpool you learn a lot about life and believe me it\'s a great schooling.\r\n\r\nFrankly, I think no matter what the outcome tomorrow or Sunday, or whenever the next GREECE deadline is, we are once again buying the rumour and we will sell the news. Nothing about the GREECE settlement is EUR positive in my opinion; sure, we may a see a short rally. It will be sold into, let the EUR/USD push to 1.1500 and the EUR/GBP to 0.7350-0.7400… I will be waiting to short these.\r\n\r\nWhat was the point of the referendum? – read my thoughts later in this blog.\r\n\r\nMoving on, now I have that rant off my chest, what else has been going on?\r\n\r\nCHINA… Holy Mother of God…. Several weeks ago I wrote about the fact that, the general population was opening broker accounts in CHINA in the hundreds of thousands a week, as the Chinese authorities were opening up their markets. Quelle surprise this is going belly up. The closed style of CHINA has come to the forefront once again. About 50% of Chinese companies had their stock frozen for days so as not to have millions written off their valuations as panic selling was stepping in. To stop this the Chinese government took restrictive action not allowing sales of shares for I think in most cases 6 months after purchase plus a few other free market restrictive measures.\r\n\r\nCHINA wants a free and open market Chinese style, and certainly one that is not the style we in the west are accustomed to. Manipulation is the name of the Chinese game. This is why I do not believe most economic statistics provided by the Chinese government. They tell you what they think you want to hear, regardless of the accuracy.\r\n\r\nRight now, CHINA poses a real threat to market stability and I think that we have some very interesting twists and turns ahead. The recent mad upturn in the Chinese and Hong Kong equities markets will have sellers looking to exit whatever they can into strength and balance RISK.\r\n\r\nLast week we also had the FOMC meeting minutes released. When these are released to the markets they are three/four weeks in arrears and frankly yesterdays news. This release was largely ignored as GREEK and CHINESE news was dominating trader’s thoughts not what Janet Yellen and her cohorts had discussed over a good bottle of claret accompanied with cheese and crackers.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: EUR – Eurogroup Meeting.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\nTUESDAY: CNY – GDP.\r\nWEDNESDAY: CAD – BOC Rate Statement and Monetary Policy Report.\r\nWEDNESDAY: CAD – BOC Governor Stephen Poloz “Words of wisdom”.\r\nWEDNESDAY: USD – Janet Yellen testifies to “the hill” with words of wisdom.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: NZD – CPi.\r\n\r\nTHURSDAY: EUR – Press Conference with Mario Draghi’s words of wisdom.\r\nTHURSDAY: USD – Janet Yellen testifies again…more words of wisdom.\r\nFRIDAY: CAD – Core CPi.\r\nFRIDAY: USD – CPi and Core CPi.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nApart from GREECE dominating the news I am looking forward to the BOC on Wednesday. Do not be surprised if there is a rate cut. Things are not as rosy as the markets would have you believe here in Canada. Nationally, the economy needs a push and whilst I look at Poloz as being behind the curve with most views, he stunned the market with a cut a few months ago. Do not rule out another cut.\r\n\r\nWith regards to the FED, I am getting bored with the dwarf’s comments, she just keeps repeating the same old same old stuff over and over again. Are the market makers really that stupid that they cannot understand they need Yellen on repeat every time she speaks?\r\n\r\nData dependent...I’ve got it.\r\n\r\nRate hike this year… got it.\r\n\r\nLook at the dots… got it.\r\n\r\nGeopolitical news is mostly transitory… received loud and clear.\r\n\r\nWill someone please tell CNBC? I now have to be out of bed just before 0600 at the latest before Joe “where am I, I’d rather play golf, I checked out years ago Kernan hits the TV screens. Can CNBC please change the record and approach these news items a little more head on and stop bringing in the same old flutes week after week to give opinions and buy/sell ideas without follow up… it is so 1960’s TV. My God another soapbox this week….\r\n\r\nMario Draghi steps up dressed in his finest Italian suit once more to deliver his views on the EUROZONE economy. Read the following in an Italian accent…”I will be supporting the EUROZONE will low interest rates and probably more QE for a longer period, in fact, it will be such a long period in time I will be dead and buried before its fixed, in fact, everyone in this room will be dead and buried and pushing up daisies before I see a rise in interest rates happening”….next question”\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nNow is the time in my opinion to really manage your broker accounts.\r\n\r\nWe are about to enter the summer doldrums, I know that there are geopolitical issues hanging around: -\r\n<ul>\r\n	<li>GREECE</li>\r\n	<li>CHINA</li>\r\n	<li>IRAN</li>\r\n	<li>ISIL</li>\r\n</ul>\r\nAs traders take their annual vacations the liquidity of the markets will dry up and we usually enter a period of false breakouts and false breakdowns and range trading becomes the order of day. There is only two more WEEKLY FX DRIVE THRU’s left until I take a five/six week break from trading and writing. I am moving home so I am pleased about that.\r\n\r\nThe summer can kill you as a trader because you try to force trades that really aren’t there. You let your guard down and accept poorer set ups. Everyone needs to re-charge his or her batteries. I am suggesting that whilst the markets are slow this is an ideal time to step back and maybe try out dummy trades with new ideas.\r\n\r\nCapital preservation is paramount to longevity in trading; it would be a shame to blow away six/seven months of good work in a slow market period.\r\n\r\nI will trade my FUNDAMENTAL TRADES and I will continue to sporadically advise PREMIUM SERVICE subscribers of progress / thoughts / ideas but I will not be at my computer screens for hours on end.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong>WHAT WAS THE POINT OF THE GREECE REFERENDUM?</strong>\r\n\r\nHave I missed something?\r\n\r\nWhat was the point of Tsipras walking away from the negotiation table just over a week ago to come back after a referendum (badly worded) to basically walk back into the EUROGROUP with what amounts to basically the same deal that he rejected but with him allegedly giving more concessions on pension and tax reforms?\r\n\r\nI think that Tsipras believed that after he had won his NO VOTE the EUROGROUP would see that he had a fresh mandate from the Greek people and as a result would be more amenable to debt relief. In this high stakes poker game I doubt he thought he would come back to Brussels and run into a brick wall. Tsipras was poorly advised. The EUROGROUP is made up of politicians and just like himself; they also have a popular vote and re-election to consider.\r\n\r\nNow I do believe that no EUROGROUP politician, Merkel included, wants to be written in the history books as the politician that brought about the downfall of the single currency. Therefore I think that the usual EUROZONE can –kicking settlement / compromise will take place and that Tsipras will be praying that he is NOT re-elected next time around so that when the then Greek government returns for bailout IV in a couple of years the reigning Prime Minister of Greece will blame the Syriza party and Tsipras for the mess.\r\n\r\nAs I have written many, many times before politicians blame people, in particular other politicians, they do NOT problem solve or fix things. Therefore be prepared for a can-kicking solution covered in duct tape and Elastoplast and get ready for the market reaction, which I believe after the initial relief rally will be a sell-off, with the EUR/USD heading to sub parity.\r\n\r\nMerkel has no option but to extend facilities, she cannot offer debt relief other than in a token gesture amount, if at all, as she will lose her political status back in Germany. Her powerbase is somewhat tenuous right now and signs of weakness with a GREECE deal, which, the majority of Germans couldn’t give a rats ass about anyway, would severely reduce her chances of victory at the next German general election.\r\n\r\nHollande on the other hand is a suicide mission anyway, in my opinion, he can say what he wants but the chances of his re-election next time around are pretty remote. There is more chance of Cameron Diaz moving in next-door and knocking on my front door asking to borrow a bowl of sugar.\r\n\r\nSo, Tsipras was badly advised, the EUROGROUP knocked him back and Tsipras has caved in because despite all my thoughts he does NOT have a plan B. If he had a plan B now is the time to play it. Leave the single currency, parallel currency with the Drachma until the single currency is out of circulation and re-value. A GREXIT… DEFAULT is the way to fix the GREECE problem. Now we are once again into can-kicking.\r\n\r\nIn life and especially in business you always need an alternative. For Tsipras to go back drop his trousers and bend over the desk in front of the EUROGROUP is so not the GREECE way of doing things, it makes no sense to me at all. He obviously thought 100% that he would gain significant concessions.\r\n\r\nMaybe he was set up?\r\n\r\nIn any event, whether he was or wasn\'t set up, we now enter what we are told is the weekend of decision. It would not surprise me if we extend again with a fudge for a few months with the ECB supporting the run on the Greek banks. It makes no sense to me, the economy trying to survive the past six months of negotiations between Athens and Brussels has just slipped further and further into recession. Any financial whiz kid who can predict growth in the Greek economy moving forward is in cloud cuckoo land.\r\n\r\nWe have years of turmoil ahead unless GREECE exits in my opinion. How in the name of sanity can they payback an increased debt?\r\n<ul>\r\n	<li>POLITICAL INSTABILITY</li>\r\n	<li>MARKETS UNCERTAINTY</li>\r\n	<li>FINANCIAL MARKETS IN EUROPE IN TURMOIL</li>\r\n	<li>THE CONTAGION EFFECT</li>\r\n</ul>\r\nThe above represents what I believe we will have in the EUROZONE for years ahead, I just cannot see why the EUROZONE will not just swing from one disaster / problem to the next.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong> THE PREMIUM SERVICE:</strong>&nbsp;</li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\n\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\n&nbsp;\r\n<ul>\r\n	<li>GOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00</li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>PLEASE NOTE:</u>\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n\r\nPREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\n\r\nEMANATING FROM TRADE SET-UPS – to 30<sup>th</sup> June 2015.\r\n\r\nMICRO LOT TRADER - 437 trades cost to trade = $43.70\r\n<strong>PROFIT</strong> from 437 trades = <strong>$628.70</strong>\r\n\r\nMINI LOT TRADER - 437 trades cost to trade = $437.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$6,287.00</strong>\r\n\r\nSTANDARD LOT TRADER - 437 trades cost to trade = $4,370.00\r\n<strong>PROFIT</strong> from 437 trades = <strong>$62,870.00</strong>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS JUNE 2015 &amp; YTD:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\"><img class=\"aligncenter size-full wp-image-6268\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-10072015.png\" alt=\"PS PROFITS1 10072015\" width=\"455\" height=\"425\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\"><img class=\"aligncenter size-full wp-image-6269\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PSPROFITS2-10072015.png\" alt=\"PSPROFITS2 10072015\" width=\"465\" height=\"437\" /></a>\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:<u> </u>\r\n\r\n4.5: ARMEGEDDON “GOLDEN” TRADES:\r\n\r\n4.6: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.7: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.8: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u></u></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nI could just cut and paste my comments from last week. Nothing has altered in my eyes except that we have a serious situation brewing in CHINA, which will create havoc after the summer break when greater attention will be directed. I am not sure how the FED will react to the CHINA news. No doubt Yellen will remain cautious and dovish no matter what happens.\r\n\r\nThis may be the time if you are relatively new to trading to maybe hold back a little, maybe not even trade at all into the GREECE news. Mainly, I would avoid the main European currencies EUR, GBP and CHF.\r\n\r\nThere is always a risk with Forex but trading non-European based currencies should be a little less risky than say the EUR.\r\n\r\nAs always, with high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.\r\n\r\n<strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong>\r\n\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nBLOG DATA:\r\nDATE: 10.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #161\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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 doubt.','WHAT WAS THE POINT OF THE GREECE REFERENDUM?','','inherit','open','closed','','6294-revision-v1','','','2015-07-11 07:03:55','2015-07-11 12:03:55','',6294,'https://weeklyfxdrivethru.com/6294-revision-v1/',0,'revision','',0),(6315,1,'2015-07-18 11:48:16','2015-07-18 16:48:16','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI have quite a bit to write about this week. It has been a high profile week for Forex news in particular with the major central banks touting their positions for all and sundry to review, digest and compare. I want to elaborate a little regarding the central banks, so, this will feature in section 2 of the blog.\r\n\r\nOne paragraph completed and not a mention of GREECE, however here we go, with regards to GREECE and the bailout being recommended, I think what happened last week was pretty much in line with how it should have played out given the fact that the GREEK parliament and the potential banana skin of the FINNISH parliament both agreed and sanctioned the bailout conditions. This gave us to a large extent some market certainty when placing trades and also some long awaited direction, which was exploited.\r\n\r\nAs I tried to make clear to my subscribers during the week, I was not going “all in” as there were still RISKS attached (there always are RISKS trading Forex) but I would be far more aggressive than of late with the numbers of open trades but at the same time holding key POSITION SIZING so as to mange RISK. I feel this was achieved. All of my broker accounts whether they be for my FUNDAMENTAL, FLASH or RADAR trades for specific brokers showed great upside moves.\r\n\r\nU.S. Housing data was the surprise data for me, strong data in particular on building permits. I strongly suspect that it has now finally sunk in that the FED is going raise rates and there is a rush on building permits to lock in lower interest rates prior to the FED rate hike.\r\n\r\nEarly last week Chinese data came in just above expectations, I hate being a cynic… but really! It was such a key moment for Chinese data they just could not afford to miss. I do not think that the markets took the data seriously the AUD desperate for anything positive hardly flickered to the upside.\r\n\r\nSo we now enter the summer doldrums, when trading is normally thin and range bound, and, I see no reason why this would not be the case this year. We can however start to look forward as I think that we can expect some interesting trading strategies in the fall / autumn based around the USD and China just to name two areas.\r\n\r\nAs mentioned previously the Central Bank Governors/Presidents generated most comments last week and I tackle them later in the blog.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – CPI and RBA Governor Stevens gives us words of wisdom.\r\n\r\nWEDNESDAY: GBP – MPC Bank Rates Votes.\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – Core Retail Sales.\r\nTHURSDAY: NZD – Trade Balance.\r\nTHURSDAY: CNY – Flash Manufacturing PMi.\r\n\r\nFRIDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nIt feels strange to almost ignore GREECE from what is coming up but I feel that now whilst it will a bumpy road for a while news from Athens should calm down a little, for at least the summer months. That is of course unless we have a Tsipras resignation and then a rushed election.\r\n\r\nMoving on….\r\n\r\nWithout doubt following the BOC rate cut all eyes will be fixed on “Wheeler the Dealer” at the RBNZ on Wednesday. My gut feeling is that we will see another rate cut and this will be the move that sends the NZD/USD towards 0.6000 and the GBP/NZD past 1.4200/1.4300. I will talk about my potential trades later in the subscriber section.\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nI am now about to enter my hiatus time from blogging and my trading activity will be seriously reduced for the summer.\r\n\r\nAs things stand today, the PREMIUM SERVICE is LIVE with the following trades:\r\n<ul>\r\n	<li>RADAR TRADES: NZD/USD, AUD/USD and USD/CHF.</li>\r\n	<li>FUNDAMENTAL TRADES: USD/CAD and NZD/USD.</li>\r\n	<li>FLASH TRADES: EUR/USD.</li>\r\n	<li>LIMIT ORDERS: 6 set-ups are pending entries.</li>\r\n	<li>Potentially: 12 trades.</li>\r\n</ul>\r\nThis is basically in line with my plan from a few weeks ago and whilst a few of the limit orders require good pullbacks to trigger entries, my plan is in place.\r\n\r\nThere will be no blog next week, as I am moving home but the following week I will wrap up for the summer with a July month end review. The WEEKLY FX DRIVE THRU returns on the 12<sup>th</sup> September 2015.\r\n\r\nThere will still be the odd tweet and comment as I manage through the existing live trades but I will not be adding, or think that I will not be adding, fresh trades. Time will tell. For PREMIUM SERVICE subscribers, you will notice lighter trading but the odd trade no doubt, just no blog.\r\n\r\nMy small working party of subscribers have submitted some changes they would like to see with regards to the blog and these will be introduced in September.\r\n\r\nFinally for this section, be aware because it’s summer, if you are a 365-day a year trader that the Forex markets will be thinner from next week until early September. The Asian sessions are notorious at this time of the year for crippling traders by suckering them into trades when there is no two way action, only for an over-sized trade to be placed catching you out sitting on the wrong side. You will notice that volatility from London into New York is also lower. What I am saying is “Be Careful”. You can have your account destroyed in thin market trading conditions.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE FED, ECB &amp; BOE - THE HIGH PROFILERS\r\n</strong><strong>BUT\r\n</strong><strong>THE BOC STEALS THE SHOW</strong></p>\r\nLast week was a very important week for me given my TRADING PLAN thru to the end of 2015.\r\n\r\nThe Central Bank chiefs did not disappoint. If you recall, one of my previous blogs dated 31<sup>st</sup> May 2015 was titled:\r\n\r\n<strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong>\r\n\r\nThis blog referred to central bank divergent policies being important to my macro level strategy moving forward.\r\n\r\nSo to coin a phrase…I am a happy puppy as my plan remains intact and during the summer break I can plan effectively.\r\n\r\nThe big news was however how Stephen Poloz, Governor of the Bank of Canada stole the show in my opinion away from Janet Yellen (FED), Mark Carney (BOE) and Mario Draghi (ECB).\r\n\r\nIn 5 minutes Poloz had painted a very dour picture of the Canadian economy. Previously, the BOC like many other central banks had their heads in the sand and their fingers up their asses denying all. Poloz to his credit cut rates a few months ago and did this in reaction to the decline in OIL prices. The BOC view being that investment wouldn’t be setback and that this was a ”transitory” measure, a one-off. Well now it\'s a two-off rate cut and I think that there will be more to come. As far as I am concerned Canada has entered the race to the bottom.\r\n\r\nIt took Graeme Wheeler (RBNZ) and Glenn Stevens (RBA) a little time of denial before the penny dropped. We have had a RBA meeting when I was expecting a second cut that did not happen, and subsequently the AUD has just looked as sick as a parrot. Wheeler who in my opinion is the master of miscommunication finally accepted that the NZD was way over-priced versus the economic conditions in New Zealand and cut rates. The RBNZ meet again this Wednesday and I am expecting a further move lower in the RBNZ interest rate.\r\n\r\nThis will signal once and for all that the commodity currencies are in recessionary zones and that they need actions rather than words to fix.\r\n\r\nThe BOC, the poster boys of the 2008 crash must wonder what the hell has gone wrong, can it all be blamed on the price of crude oil?\r\n\r\nLiving in Quebec, Canada, which has it’s own issues that it will never solve because in my opinion the province only looks backwards does give me a poor picture of Canada at times socially and economically. When you travel the country though the other provinces are more organized and forward looking. But without doubt Canada has fallen foul of the oil impact, the same way that UK did with North Sea oil. Government policies and taxation are punitive, whether locally or nationally and when the oil revenues decline poor economic policies and lack of strategy are exposed.\r\n\r\nThe fact that Canada is seen by the rest of the world as an oil based economy helps to project issues that maybe aren’t actually there but are virtually impossible to be distanced from. Middle-east pressure to try to put the North American oil sands and fracking producers of oil out of business by producing oil at full potential forcing prices lower at any cost is definitely working. For weeks I have been writing about the basic economics of supply and demand in oil and the fact that prices are too high. It would appear that the BOC underestimated this effect and the middle-eastern oil producer’s strategies.\r\n\r\nThe BOC at the press conference lowered GDP (Growth) projections, he also said that he had a full range of financial options at this disposal… to you and me that means further rate cuts, and dare I say it quantitative easing. As a Forex trader, that means USD/CAD to 1.6000 and GBP/CAD to 2.1500…. maybe even higher.\r\n\r\nThe rate cut announced by the BOC was largely expected as economic data had been mixed to be kind.\r\n\r\nThe BOC with Poloz was in first, he was followed by a very supportive Draghi who was at ease at the ECB press conference. I think all you can say after the ECB press conference was that it looks like rates will be on the floor for years to come.\r\n\r\nWe then had Mark Carney (BOE) once again taking a step forward stating that the BOE would possibly be raising rates before the end of this year. Very hawkish indeed, but don’t forget we have been here before. Carney is just as strong stepping backwards as he is stepping forwards. He has only just got out of his JCB after digging himself a huge hole from the 2014 Lord Mayors banquet. Glutton for punishment he may be, does he know Max Mosely (ex F1), who like Carney likes to play dangerous games, maybe not with the markets however, a somewhat rather different area. I do however think that Carney would not walk into a BOE press conference arm in arm with two young ladies dressed in leather with swastikas on their arms. Now there is a picture to contemplate!!\r\n\r\nMoving on….\r\n\r\nNext we had Janet Yellen, who turned into a hawk away from a dove. At last she had to admit that she was going to raise rates this year to put an end to all the speculation. Lets face facts, if she hadn’t said this now at this moment most people would be asking the question, what the hell is wrong with the U.S. economy?\r\n\r\nSo as I had mentioned in my May 31<sup>st</sup> blog the hawks and doves have lined up pretty much as expected with the BOC now firmly in the dove area.\r\n\r\nYellen confirmed, Draghi did what was expected, Carney…who cares, but Poloz stole the show in my opinion, he really has painted a poor picture of the Canadian economy moving forward, and, he stole the show.\r\n\r\nThis week Graeme Wheeler is on stage… lets see.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong><strong>SUMMARY OF PERFORMANCE:</strong></li>\r\n</ol>\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\nEMANATING FROM TRADE SET-UPS – to 17<sup>th</sup>July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 448 trades cost to trade = $44.80\r\n<strong>PROFIT</strong> from 448 trades = <strong>$718.60</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER - 448 trades cost to trade = $448.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$7,186.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 448 trades cost to trade = $4,480.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$71,860.00</strong></p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS THIS MONTH &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\"><img class=\"aligncenter size-full wp-image-6298\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\" alt=\"PS PROFITS1 19072015\" width=\"451\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\"><img class=\"aligncenter size-full wp-image-6299\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\" alt=\"PS PROFITS2 19072015\" width=\"461\" height=\"417\" /></a>\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nThis section will return after the summer break in September 2015.\r\n\r\n&nbsp;\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\nAs this will be the last time to do this prior to the summer break -\r\n\r\nLet me review my TRADING PLAN moving forward. My “ducks” are lining up very nicely.\r\n\r\nFirstly let me review the current trading position below: -\r\n\r\nTHE PREMIUM SERVICE - LIVE TRADES ARE:\r\n\r\nRT467\r\nUSD/CHF\r\nLONG from 0.9545\r\nCLOSING PRICE: 0.9616\r\nNo of pips positive: +71 pips\r\n\r\nRT468\r\nAUD/USD\r\nSHORT from 0.7410\r\nCLOSING PRICE: 0.7376\r\nNo of pips positive: +34 pips\r\n\r\nRT470\r\nNZD/USD\r\nSHORT from 0.6546\r\nCLOSING PRICE: 0.6523\r\nNo of pips positive: +23 pips\r\n\r\nFT509\r\nEUR/USD\r\nSHORT from 1.0889\r\nCLOSING PRICE: 1.0829\r\nNo of pips positive: +60 pips\r\n\r\nFUN152\r\nNZD/USD\r\nSHORT from 0.6780\r\nCLOSING PRICE: 0.6523\r\nNo of pips positive: +257 pips\r\n\r\nFUN158\r\nUSD/CAD\r\nLONG from 1.2910\r\nCLOSING PRICE: 1.2973\r\nNo of pips positive: +63 pips\r\n\r\n&nbsp;\r\n\r\nTHE PREMIUM SERVICE – LIMIT ORDER TRADES ARE:\r\n\r\nRT466\r\nUSD/CAD\r\nLONG from 1.2960\r\n\r\nRT469\r\nGBP/CHF\r\nLONG from 1.4920\r\n\r\nFUN159\r\nGBP/CAD\r\nLONG from 1.9950\r\n\r\nFUN160\r\nGBP/AUD\r\nLONG from 2.0485\r\n\r\nFUN161\r\nGBP/NZD\r\nLONG from 2.3000\r\n\r\nFUN162\r\nGBP/CHF\r\nLONG from 1.4920\r\n\r\nThe currency pairs that I am looking to add into my open trading positions are EUR/GBP and possibly the NZD/CAD, AUD/CAD, AUD/CHF and EUR/CHF. I am going to look at the EUR crosses over the coming days to decide upon a plan or not as the case may be.\r\n\r\nMy goal for my plan thru to the year-end is very simple based on the fact that one should never argue with or trade against a central bank policy other than for a very short FLASH TRADE.\r\n\r\nThe lines are now very clearly drawn in my eyes: -\r\n\r\nHAWKS – FED and BOE.\r\nDOVES – ECB, BOC, RBA, RBNZ, BOJ and SNB.\r\n\r\nThis gives us as Forex traders a very clear path to follow. I am not saying let’s get “all in” either. Had this been the case I would have been entering all the GBP crosses on 50 pip pullbacks, and whilst that remains an open option, it is not one that I want to try. I think that the GBP move is far too premature. I think that we have to wait for the FED impact to take effect first. There is a high degree of certainty that the EUR will initially drag the cable lower once Yellen hikes rates. The GBP move higher will be explosive through the cross rates but I am expecting pullbacks first. You will notice that my entry levels are a long way away from current levels. I may be hugely wrong but I am expecting massive pullbacks when the FED raises rates.\r\n\r\nThe price of oil is grossly over-valued at the moment and I want to have another CAD trade in operation. This is why the AUD/CAD is appealing. This trade could be up and running early next week.\r\n\r\nThe PREMIUM SERVICE had generated lots of pips this month; I hope that you are taking these trades. There are lots of potential profits in the current LIVE trades as well.\r\n\r\nDuring the summer break I will be monitoring trades and maybe adding, but not sure. I will be tweeting what I am doing, the only main difference apart from less trading activity will be the lack of the blog.\r\n\r\nI know many of you use me as a reference point / sounding board / place of referral etc. To all of you please be careful with position sizing this summer. The markets are thinner already and based on previous years, I dread to think how slow things will be this summer so take care, do not trade too heavy or with bigger positions placing yourself at RISK.\r\n\r\nFinally, I want to thank my team of “SUBSCRIBER REVIEWERS” for their ideas and feedback on the WEEKLY FX DRIVE THRU. Almost all of the changes suggested will be implemented in September.\r\n\r\n&nbsp;\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-19072015.png\"><img class=\"aligncenter size-full wp-image-6306\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-19072015.png\" alt=\"PS LIVE 19072015\" width=\"720\" height=\"573\" /></a>\r\n\r\n&nbsp;\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n(Remember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data).\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIMIT-ORDERS-19072015.png\"><img class=\"aligncenter size-full wp-image-6305\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIMIT-ORDERS-19072015.png\" alt=\"PS LIMIT ORDERS 19072015\" width=\"709\" height=\"450\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.5: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\nTHIS WEEKS OVERVIEW:\r\n\r\nI know that this sounds like a cop out but I am not looking at anything new at the moment. All I wanted to trade or have with a LIMIT ORDER is noted and placed.\r\n\r\nNext week I will possibly look at the EUR/GBP and AUD/CAD.\r\n\r\n&nbsp;\r\n\r\n4.6: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n(The 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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-19072015.png\"><img class=\"aligncenter size-full wp-image-6307\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-19072015.png\" alt=\"PS TRENDING PAIRS 19072015\" width=\"396\" height=\"562\" /></a>\r\n\r\n&nbsp;\r\n\r\n4.7: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n<strong>EUR/USD: </strong>\r\n\r\n<strong>Closing Price last week 1.0829</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6313\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-19072015-1024x541.png\" alt=\"EURUSD W 19072015\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: </strong>\r\n\r\n<strong>Closing Price last week 1.5607</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6312\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-19072015-1024x541.png\" alt=\"GBPUSD W 19072015\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>AUD/USD: </strong>\r\n\r\n<strong>Closing Price last week 0.7376</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6314\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-19072015-1024x541.png\" alt=\"AUDUSD W 19072015\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: </strong>\r\n\r\n<strong>Closing Price last week 0.6523</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6311\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-19072015-1024x541.png\" alt=\"NZDUSD W 19072015\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: </strong>\r\n\r\n<strong>Closing Price last week 1.2973</strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6310\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-19072015-1024x541.png\" alt=\"USDCAD W 19072015\" width=\"1024\" height=\"541\" /></a>\r\n\r\n<strong>USD/CHF: </strong>\r\n\r\n<strong>Closing Price last week 0.9616</strong>\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6309\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-19072015-1024x541.png\" alt=\"USDCHF W 19072015\" width=\"1024\" height=\"541\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: </strong>\r\n\r\n<strong>Closing Price last week 124.07</strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6308\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-19072015-1024x541.png\" alt=\"USDJPY W 19072015\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nMy thoughts this week are simple and straightforward.\r\n\r\nThe RBNZ will be a market mover for short or long traders. Relief for those who are looking at the NZD/USD at 0.6500 area as a great level to establish a long position, or, it will be a destructive area for the Kiwi with a rate cut sending it towards 0.6000. It is a tough call as we are now at 0.6500, the level that New Zealand Prime Minister John Key saw as an objective several months ago.\r\n\r\nThe problem is, that was then and this is now, facts have changed. It is a race to the bottom and I think lower than 0.6000 is where John Key would love to see his currency because at those levels he can offer his exporting businesses a great opportunity. We will see.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.twitter.com/ThePremService\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nBLOG DATA:\r\nDATE: 19.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE\r\nBLOG REFERENCE: #69\r\n\r\n&nbsp;','THE FED, ECB & BOE – THE HIGH PROFILERS BUT THE BOC STEALS THE SHOW','','publish','open','closed','','the-fed-ecb-boe-the-high-profilers-but-the-boc-steals-the-show','','','2015-07-18 11:48:16','2015-07-18 16:48:16','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=6315',0,'member_posts','',0),(6316,1,'2015-07-18 11:47:08','2015-07-18 16:47:08','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI have quite a bit to write about this week. It has been a high profile week for Forex news in particular with the major central banks touting their positions for all and sundry to review, digest and compare. I want to elaborate a little regarding the central banks, so, this will feature in section 2 of the blog.\r\n\r\nOne paragraph completed and not a mention of GREECE, however here we go, with regards to GREECE and the bailout being recommended, I think what happened last week was pretty much in line with how it should have played out given the fact that the GREEK parliament and the potential banana skin of the FINNISH parliament both agreed and sanctioned the bailout conditions. This gave us to a large extent some market certainty when placing trades and also some long awaited direction, which was exploited.\r\n\r\nAs I tried to make clear to my subscribers during the week, I was not going “all in” as there were still RISKS attached (there always are RISKS trading Forex) but I would be far more aggressive than of late with the numbers of open trades but at the same time holding key POSITION SIZING so as to mange RISK. I feel this was achieved. All of my broker accounts whether they be for my FUNDAMENTAL, FLASH or RADAR trades for specific brokers showed great upside moves.\r\n\r\nU.S. Housing data was the surprise data for me, strong data in particular on building permits. I strongly suspect that it has now finally sunk in that the FED is going raise rates and there is a rush on building permits to lock in lower interest rates prior to the FED rate hike.\r\n\r\nEarly last week Chinese data came in just above expectations, I hate being a cynic… but really! It was such a key moment for Chinese data they just could not afford to miss. I do not think that the markets took the data seriously the AUD desperate for anything positive hardly flickered to the upside.\r\n\r\nSo we now enter the summer doldrums, when trading is normally thin and range bound, and, I see no reason why this would not be the case this year. We can however start to look forward as I think that we can expect some interesting trading strategies in the fall / autumn based around the USD and China just to name two areas.\r\n\r\nAs mentioned previously the Central Bank Governors/Presidents generated most comments last week and I tackle them later in the blog.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – CPI and RBA Governor Stevens gives us words of wisdom.\r\n\r\nWEDNESDAY: GBP – MPC Bank Rates Votes.\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – Core Retail Sales.\r\nTHURSDAY: NZD – Trade Balance.\r\nTHURSDAY: CNY – Flash Manufacturing PMi.\r\n\r\nFRIDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nIt feels strange to almost ignore GREECE from what is coming up but I feel that now whilst it will a bumpy road for a while news from Athens should calm down a little, for at least the summer months. That is of course unless we have a Tsipras resignation and then a rushed election.\r\n\r\nMoving on….\r\n\r\nWithout doubt following the BOC rate cut all eyes will be fixed on “Wheeler the Dealer” at the RBNZ on Wednesday. My gut feeling is that we will see another rate cut and this will be the move that sends the NZD/USD towards 0.6000 and the GBP/NZD past 1.4200/1.4300. I will talk about my potential trades later in the subscriber section.\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nI am now about to enter my hiatus time from blogging and my trading activity will be seriously reduced for the summer.\r\n\r\nAs things stand today, the PREMIUM SERVICE is LIVE with the following trades:\r\n<ul>\r\n	<li>RADAR TRADES: NZD/USD, AUD/USD and USD/CHF.</li>\r\n	<li>FUNDAMENTAL TRADES: USD/CAD and NZD/USD.</li>\r\n	<li>FLASH TRADES: EUR/USD.</li>\r\n	<li>LIMIT ORDERS: 6 set-ups are pending entries.</li>\r\n	<li>Potentially: 12 trades.</li>\r\n</ul>\r\nThis is basically in line with my plan from a few weeks ago and whilst a few of the limit orders require good pullbacks to trigger entries, my plan is in place.\r\n\r\nThere will be no blog next week, as I am moving home but the following week I will wrap up for the summer with a July month end review. The WEEKLY FX DRIVE THRU returns on the 12<sup>th</sup> September 2015.\r\n\r\nThere will still be the odd tweet and comment as I manage through the existing live trades but I will not be adding, or think that I will not be adding, fresh trades. Time will tell. For PREMIUM SERVICE subscribers, you will notice lighter trading but the odd trade no doubt, just no blog.\r\n\r\nMy small working party of subscribers have submitted some changes they would like to see with regards to the blog and these will be introduced in September.\r\n\r\nFinally for this section, be aware because it’s summer, if you are a 365-day a year trader that the Forex markets will be thinner from next week until early September. The Asian sessions are notorious at this time of the year for crippling traders by suckering them into trades when there is no two way action, only for an over-sized trade to be placed catching you out sitting on the wrong side. You will notice that volatility from London into New York is also lower. What I am saying is “Be Careful”. You can have your account destroyed in thin market trading conditions.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE FED, ECB &amp; BOE - THE HIGH PROFILERS\r\n</strong><strong>BUT\r\n</strong><strong>THE BOC STEALS THE SHOW</strong></p>\r\nLast week was a very important week for me given my TRADING PLAN thru to the end of 2015.\r\n\r\nThe Central Bank chiefs did not disappoint. If you recall, one of my previous blogs dated 31<sup>st</sup> May 2015 was titled:\r\n\r\n<strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong>\r\n\r\nThis blog referred to central bank divergent policies being important to my macro level strategy moving forward.\r\n\r\nSo to coin a phrase…I am a happy puppy as my plan remains intact and during the summer break I can plan effectively.\r\n\r\nThe big news was however how Stephen Poloz, Governor of the Bank of Canada stole the show in my opinion away from Janet Yellen (FED), Mark Carney (BOE) and Mario Draghi (ECB).\r\n\r\nIn 5 minutes Poloz had painted a very dour picture of the Canadian economy. Previously, the BOC like many other central banks had their heads in the sand and their fingers up their asses denying all. Poloz to his credit cut rates a few months ago and did this in reaction to the decline in OIL prices. The BOC view being that investment wouldn’t be setback and that this was a ”transitory” measure, a one-off. Well now it\'s a two-off rate cut and I think that there will be more to come. As far as I am concerned Canada has entered the race to the bottom.\r\n\r\nIt took Graeme Wheeler (RBNZ) and Glenn Stevens (RBA) a little time of denial before the penny dropped. We have had a RBA meeting when I was expecting a second cut that did not happen, and subsequently the AUD has just looked as sick as a parrot. Wheeler who in my opinion is the master of miscommunication finally accepted that the NZD was way over-priced versus the economic conditions in New Zealand and cut rates. The RBNZ meet again this Wednesday and I am expecting a further move lower in the RBNZ interest rate.\r\n\r\nThis will signal once and for all that the commodity currencies are in recessionary zones and that they need actions rather than words to fix.\r\n\r\nThe BOC, the poster boys of the 2008 crash must wonder what the hell has gone wrong, can it all be blamed on the price of crude oil?\r\n\r\nLiving in Quebec, Canada, which has it’s own issues that it will never solve because in my opinion the province only looks backwards does give me a poor picture of Canada at times socially and economically. When you travel the country though the other provinces are more organized and forward looking. But without doubt Canada has fallen foul of the oil impact, the same way that UK did with North Sea oil. Government policies and taxation are punitive, whether locally or nationally and when the oil revenues decline poor economic policies and lack of strategy are exposed.\r\n\r\nThe fact that Canada is seen by the rest of the world as an oil based economy helps to project issues that maybe aren’t actually there but are virtually impossible to be distanced from. Middle-east pressure to try to put the North American oil sands and fracking producers of oil out of business by producing oil at full potential forcing prices lower at any cost is definitely working. For weeks I have been writing about the basic economics of supply and demand in oil and the fact that prices are too high. It would appear that the BOC underestimated this effect and the middle-eastern oil producer’s strategies.\r\n\r\nThe BOC at the press conference lowered GDP (Growth) projections, he also said that he had a full range of financial options at this disposal… to you and me that means further rate cuts, and dare I say it quantitative easing. As a Forex trader, that means USD/CAD to 1.6000 and GBP/CAD to 2.1500…. maybe even higher.\r\n\r\nThe rate cut announced by the BOC was largely expected as economic data had been mixed to be kind.\r\n\r\nThe BOC with Poloz was in first, he was followed by a very supportive Draghi who was at ease at the ECB press conference. I think all you can say after the ECB press conference was that it looks like rates will be on the floor for years to come.\r\n\r\nWe then had Mark Carney (BOE) once again taking a step forward stating that the BOE would possibly be raising rates before the end of this year. Very hawkish indeed, but don’t forget we have been here before. Carney is just as strong stepping backwards as he is stepping forwards. He has only just got out of his JCB after digging himself a huge hole from the 2014 Lord Mayors banquet. Glutton for punishment he may be, does he know Max Mosely (ex F1), who like Carney likes to play dangerous games, maybe not with the markets however, a somewhat rather different area. I do however think that Carney would not walk into a BOE press conference arm in arm with two young ladies dressed in leather with swastikas on their arms. Now there is a picture to contemplate!!\r\n\r\nMoving on….\r\n\r\nNext we had Janet Yellen, who turned into a hawk away from a dove. At last she had to admit that she was going to raise rates this year to put an end to all the speculation. Lets face facts, if she hadn’t said this now at this moment most people would be asking the question, what the hell is wrong with the U.S. economy?\r\n\r\nSo as I had mentioned in my May 31<sup>st</sup> blog the hawks and doves have lined up pretty much as expected with the BOC now firmly in the dove area.\r\n\r\nYellen confirmed, Draghi did what was expected, Carney…who cares, but Poloz stole the show in my opinion, he really has painted a poor picture of the Canadian economy moving forward, and, he stole the show.\r\n\r\nThis week Graeme Wheeler is on stage… lets see.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong><strong>SUMMARY OF PERFORMANCE:</strong></li>\r\n</ol>\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\nEMANATING FROM TRADE SET-UPS – to 17<sup>th</sup>July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 448 trades cost to trade = $44.80\r\n<strong>PROFIT</strong> from 448 trades = <strong>$718.60</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER - 448 trades cost to trade = $448.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$7,186.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 448 trades cost to trade = $4,480.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$71,860.00</strong></p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS THIS MONTH &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\"><img class=\"aligncenter size-full wp-image-6298\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\" alt=\"PS PROFITS1 19072015\" width=\"451\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\"><img class=\"aligncenter size-full wp-image-6299\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\" alt=\"PS PROFITS2 19072015\" width=\"461\" height=\"417\" /></a>\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nThis section will return after the summer break in September 2015.\r\n\r\n&nbsp;\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\nAs this will be the last time to do this prior to the summer break -\r\n\r\nLet me review my TRADING PLAN moving forward. My “ducks” are lining up very nicely.\r\n\r\nFirstly let me review the current trading position below: -\r\n\r\nTHE PREMIUM SERVICE - LIVE TRADES ARE:\r\n\r\nRT467\r\nUSD/CHF\r\nLONG from 0.9545\r\nCLOSING PRICE: 0.9616\r\nNo of pips positive: +71 pips\r\n\r\nRT468\r\nAUD/USD\r\nSHORT from 0.7410\r\nCLOSING PRICE: 0.7376\r\nNo of pips positive: +34 pips\r\n\r\nRT470\r\nNZD/USD\r\nSHORT from 0.6546\r\nCLOSING PRICE: 0.6523\r\nNo of pips positive: +23 pips\r\n\r\nFT509\r\nEUR/USD\r\nSHORT from 1.0889\r\nCLOSING PRICE: 1.0829\r\nNo of pips positive: +60 pips\r\n\r\nFUN152\r\nNZD/USD\r\nSHORT from 0.6780\r\nCLOSING PRICE: 0.6523\r\nNo of pips positive: +257 pips\r\n\r\nFUN158\r\nUSD/CAD\r\nLONG from 1.2910\r\nCLOSING PRICE: 1.2973\r\nNo of pips positive: +63 pips\r\n\r\n&nbsp;\r\n\r\nTHE PREMIUM SERVICE – LIMIT ORDER TRADES ARE:\r\n\r\nRT466\r\nUSD/CAD\r\nLONG from 1.2960\r\n\r\nRT469\r\nGBP/CHF\r\nLONG from 1.4920\r\n\r\nFUN159\r\nGBP/CAD\r\nLONG from 1.9950\r\n\r\nFUN160\r\nGBP/AUD\r\nLONG from 2.0485\r\n\r\nFUN161\r\nGBP/NZD\r\nLONG from 2.3000\r\n\r\nFUN162\r\nGBP/CHF\r\nLONG from 1.4920\r\n\r\nThe currency pairs that I am looking to add into my open trading positions are EUR/GBP and possibly the NZD/CAD, AUD/CAD, AUD/CHF and EUR/CHF. I am going to look at the EUR crosses over the coming days to decide upon a plan or not as the case may be.\r\n\r\nMy goal for my plan thru to the year-end is very simple based on the fact that one should never argue with or trade against a central bank policy other than for a very short FLASH TRADE.\r\n\r\nThe lines are now very clearly drawn in my eyes: -\r\n\r\nHAWKS – FED and BOE.\r\nDOVES – ECB, BOC, RBA, RBNZ, BOJ and SNB.\r\n\r\nThis gives us as Forex traders a very clear path to follow. I am not saying let’s get “all in” either. Had this been the case I would have been entering all the GBP crosses on 50 pip pullbacks, and whilst that remains an open option, it is not one that I want to try. I think that the GBP move is far too premature. I think that we have to wait for the FED impact to take effect first. There is a high degree of certainty that the EUR will initially drag the cable lower once Yellen hikes rates. The GBP move higher will be explosive through the cross rates but I am expecting pullbacks first. You will notice that my entry levels are a long way away from current levels. I may be hugely wrong but I am expecting massive pullbacks when the FED raises rates.\r\n\r\nThe price of oil is grossly over-valued at the moment and I want to have another CAD trade in operation. This is why the AUD/CAD is appealing. This trade could be up and running early next week.\r\n\r\nThe PREMIUM SERVICE had generated lots of pips this month; I hope that you are taking these trades. There are lots of potential profits in the current LIVE trades as well.\r\n\r\nDuring the summer break I will be monitoring trades and maybe adding, but not sure. I will be tweeting what I am doing, the only main difference apart from less trading activity will be the lack of the blog.\r\n\r\nI know many of you use me as a reference point / sounding board / place of referral etc. To all of you please be careful with position sizing this summer. The markets are thinner already and based on previous years, I dread to think how slow things will be this summer so take care, do not trade too heavy or with bigger positions placing yourself at RISK.\r\n\r\nFinally, I want to thank my team of “SUBSCRIBER REVIEWERS” for their ideas and feedback on the WEEKLY FX DRIVE THRU. Almost all of the changes suggested will be implemented in September.\r\n\r\n&nbsp;\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-19072015.png\"><img class=\"aligncenter size-full wp-image-6306\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIVE-19072015.png\" alt=\"PS LIVE 19072015\" width=\"720\" height=\"573\" /></a>\r\n\r\n&nbsp;\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n(Remember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data).\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIMIT-ORDERS-19072015.png\"><img class=\"aligncenter size-full wp-image-6305\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-LIMIT-ORDERS-19072015.png\" alt=\"PS LIMIT ORDERS 19072015\" width=\"709\" height=\"450\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n4.5: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\nTHIS WEEKS OVERVIEW:\r\n\r\nI know that this sounds like a cop out but I am not looking at anything new at the moment. All I wanted to trade or have with a LIMIT ORDER is noted and placed.\r\n\r\nNext week I will possibly look at the EUR/GBP and AUD/CAD.\r\n\r\n&nbsp;\r\n\r\n4.6: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n(The 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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-19072015.png\"><img class=\"aligncenter size-full wp-image-6307\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-TRENDING-PAIRS-19072015.png\" alt=\"PS TRENDING PAIRS 19072015\" width=\"396\" height=\"562\" /></a>\r\n\r\n&nbsp;\r\n\r\n4.7: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n</u></strong>(The reviews in the section are accompanied with daily and / or weekly charts of the USD majors).\r\n\r\nAll of my thoughts and my comments relating to each USD major are now contained on the charts.\r\n\r\n<strong>EUR/USD: </strong>\r\n\r\n<strong>Closing Price last week 1.0829</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6313\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/EURUSD-W-19072015-1024x541.png\" alt=\"EURUSD W 19072015\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: </strong>\r\n\r\n<strong>Closing Price last week 1.5607</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6312\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/GBPUSD-W-19072015-1024x541.png\" alt=\"GBPUSD W 19072015\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>AUD/USD: </strong>\r\n\r\n<strong>Closing Price last week 0.7376</strong>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6314\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/AUDUSD-W-19072015-1024x541.png\" alt=\"AUDUSD W 19072015\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: </strong>\r\n\r\n<strong>Closing Price last week 0.6523</strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6311\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/NZDUSD-W-19072015-1024x541.png\" alt=\"NZDUSD W 19072015\" width=\"1024\" height=\"541\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CAD: </strong>\r\n\r\n<strong>Closing Price last week 1.2973</strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6310\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCAD-W-19072015-1024x541.png\" alt=\"USDCAD W 19072015\" width=\"1024\" height=\"541\" /></a>\r\n\r\n<strong>USD/CHF: </strong>\r\n\r\n<strong>Closing Price last week 0.9616</strong>\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6309\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDCHF-W-19072015-1024x541.png\" alt=\"USDCHF W 19072015\" width=\"1024\" height=\"541\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: </strong>\r\n\r\n<strong>Closing Price last week 124.07</strong>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-19072015.png\"><img class=\"aligncenter size-large wp-image-6308\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/USDJPY-W-19072015-1024x541.png\" alt=\"USDJPY W 19072015\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nMy thoughts this week are simple and straightforward.\r\n\r\nThe RBNZ will be a market mover for short or long traders. Relief for those who are looking at the NZD/USD at 0.6500 area as a great level to establish a long position, or, it will be a destructive area for the Kiwi with a rate cut sending it towards 0.6000. It is a tough call as we are now at 0.6500, the level that New Zealand Prime Minister John Key saw as an objective several months ago.\r\n\r\nThe problem is, that was then and this is now, facts have changed. It is a race to the bottom and I think lower than 0.6000 is where John Key would love to see his currency because at those levels he can offer his exporting businesses a great opportunity. We will see.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.twitter.com/ThePremService\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nBLOG DATA:\r\nDATE: 19.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE\r\nBLOG REFERENCE: #69\r\n\r\n&nbsp;','THE FED, ECB & BOE – THE HIGH PROFILERS BUT THE BOC STEALS THE SHOW','','inherit','open','closed','','6315-revision-v1','','','2015-07-18 11:47:08','2015-07-18 16:47:08','',6315,'https://weeklyfxdrivethru.com/6315-revision-v1/',0,'revision','',0),(6325,1,'2015-07-18 12:28:44','2015-07-18 17:28:44','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI have quite a bit to write about this week. It has been a high profile week for Forex news in particular with the major central banks touting their positions for all and sundry to review, digest and compare. I want to elaborate a little regarding the central banks, so, this will feature in section 2 of the blog.\r\n\r\nOne paragraph completed and not a mention of GREECE, however here we go, with regards to GREECE and the bailout being recommended, I think what happened last week was pretty much in line with how it should have played out given the fact that the GREEK parliament and the potential banana skin of the FINNISH parliament both agreed and sanctioned the bailout conditions. This gave us to a large extent some market certainty when placing trades and also some long awaited direction, which was exploited.\r\n\r\nAs I tried to make clear to my subscribers during the week, I was not going “all in” as there were still RISKS attached (there always are RISKS trading Forex) but I would be far more aggressive than of late with the numbers of open trades but at the same time holding key POSITION SIZING so as to mange RISK. I feel this was achieved. All of my broker accounts whether they be for my FUNDAMENTAL, FLASH or RADAR trades for specific brokers showed great upside moves.\r\n\r\nU.S. Housing data was the surprise data for me, strong data in particular on building permits. I strongly suspect that it has now finally sunk in that the FED is going raise rates and there is a rush on building permits to lock in lower interest rates prior to the FED rate hike.\r\n\r\nEarly last week Chinese data came in just above expectations, I hate being a cynic… but really! It was such a key moment for Chinese data they just could not afford to miss. I do not think that the markets took the data seriously the AUD desperate for anything positive hardly flickered to the upside.\r\n\r\nSo we now enter the summer doldrums, when trading is normally thin and range bound, and, I see no reason why this would not be the case this year. We can however start to look forward as I think that we can expect some interesting trading strategies in the fall / autumn based around the USD and China just to name two areas.\r\n\r\nAs mentioned previously the Central Bank Governors/Presidents generated most comments last week and I tackle them later in the blog.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – CPI and RBA Governor Stevens gives us words of wisdom.\r\n\r\nWEDNESDAY: GBP – MPC Bank Rates Votes.\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – Core Retail Sales.\r\nTHURSDAY: NZD – Trade Balance.\r\nTHURSDAY: CNY – Flash Manufacturing PMi.\r\n\r\nFRIDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nIt feels strange to almost ignore GREECE from what is coming up but I feel that now whilst it will a bumpy road for a while news from Athens should calm down a little, for at least the summer months. That is of course unless we have a Tsipras resignation and then a rushed election.\r\n\r\nMoving on….\r\n\r\nWithout doubt following the BOC rate cut all eyes will be fixed on “Wheeler the Dealer” at the RBNZ on Wednesday. My gut feeling is that we will see another rate cut and this will be the move that sends the NZD/USD towards 0.6000 and the GBP/NZD past 1.4200/1.4300. I will talk about my potential trades later in the subscriber section.\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nI am now about to enter my hiatus time from blogging and my trading activity will be seriously reduced for the summer.\r\n\r\nAs things stand today, the PREMIUM SERVICE is LIVE with the following trades:\r\n<ul>\r\n	<li>RADAR TRADES: NZD/USD, AUD/USD and USD/CHF.</li>\r\n	<li>FUNDAMENTAL TRADES: USD/CAD and NZD/USD.</li>\r\n	<li>FLASH TRADES: EUR/USD.</li>\r\n	<li>LIMIT ORDERS: 6 set-ups are pending entries.</li>\r\n	<li>Potentially: 12 trades.</li>\r\n</ul>\r\nThis is basically in line with my plan from a few weeks ago and whilst a few of the limit orders require good pullbacks to trigger entries, my plan is in place.\r\n\r\nThere will be no blog next week, as I am moving home but the following week I will wrap up for the summer with a July month end review. The WEEKLY FX DRIVE THRU returns on the 12<sup>th</sup> September 2015.\r\n\r\nThere will still be the odd tweet and comment as I manage through the existing live trades but I will not be adding, or think that I will not be adding, fresh trades. Time will tell. For PREMIUM SERVICE subscribers, you will notice lighter trading but the odd trade no doubt, just no blog.\r\n\r\nMy small working party of subscribers have submitted some changes they would like to see with regards to the blog and these will be introduced in September.\r\n\r\nFinally for this section, be aware because it’s summer, if you are a 365-day a year trader that the Forex markets will be thinner from next week until early September. The Asian sessions are notorious at this time of the year for crippling traders by suckering them into trades when there is no two way action, only for an over-sized trade to be placed catching you out sitting on the wrong side. You will notice that volatility from London into New York is also lower. What I am saying is “Be Careful”. You can have your account destroyed in thin market trading conditions.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE </strong><strong>FED, ECB &amp; BOE - THE HIGH PROFILERS\r\n</strong><strong>BUT\r\n</strong><strong>THE BOC STEALS THE SHOW</strong></p>\r\nLast week was a very important week for me given my TRADING PLAN thru to the end of 2015.\r\n\r\nThe Central Bank chiefs did not disappoint. If you recall, one of my previous blogs dated 31<sup>st</sup> May 2015 was titled:\r\n\r\n<strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong>\r\n\r\nThis blog referred to central bank divergent policies being important to my macro level strategy moving forward.\r\n\r\nSo to coin a phrase…I am a happy puppy as my plan remains intact and during the summer break I can plan effectively.\r\n\r\nThe big news was however how Stephen Poloz, Governor of the Bank of Canada stole the show in my opinion away from Janet Yellen (FED), Mark Carney (BOE) and Mario Draghi (ECB).\r\n\r\nIn 5 minutes Poloz had painted a very dour picture of the Canadian economy. Previously, the BOC like many other central banks had their heads in the sand and their fingers up their asses denying all. Poloz to his credit cut rates a few months ago and did this in reaction to the decline in OIL prices. The BOC view being that investment wouldn’t be setback and that this was a ”transitory” measure, a one-off. Well now it\'s a two-off rate cut and I think that there will be more to come. As far as I am concerned Canada has entered the race to the bottom.\r\n\r\nIt took Graeme Wheeler (RBNZ) and Glenn Stevens (RBA) a little time of denial before the penny dropped. We have had a RBA meeting when I was expecting a second cut that did not happen, and subsequently the AUD has just looked as sick as a parrot. Wheeler who in my opinion is the master of miscommunication finally accepted that the NZD was way over-priced versus the economic conditions in New Zealand and cut rates. The RBNZ meet again this Wednesday and I am expecting a further move lower in the RBNZ interest rate.\r\n\r\nThis will signal once and for all that the commodity currencies are in recessionary zones and that they need actions rather than words to fix.\r\n\r\nThe BOC, the poster boys of the 2008 crash must wonder what the hell has gone wrong, can it all be blamed on the price of crude oil?\r\n\r\nLiving in Quebec, Canada, which has it’s own issues that it will never solve because in my opinion the province only looks backwards does give me a poor picture of Canada at times socially and economically. When you travel the country though the other provinces are more organized and forward looking. But without doubt Canada has fallen foul of the oil impact, the same way that UK did with North Sea oil. Government policies and taxation are punitive, whether locally or nationally and when the oil revenues decline poor economic policies and lack of strategy are exposed.\r\n\r\nThe fact that Canada is seen by the rest of the world as an oil based economy helps to project issues that maybe aren’t actually there but are virtually impossible to be distanced from. Middle-east pressure to try to put the North American oil sands and fracking producers of oil out of business by producing oil at full potential forcing prices lower at any cost is definitely working. For weeks I have been writing about the basic economics of supply and demand in oil and the fact that prices are too high. It would appear that the BOC underestimated this effect and the middle-eastern oil producer’s strategies.\r\n\r\nThe BOC at the press conference lowered GDP (Growth) projections, he also said that he had a full range of financial options at this disposal… to you and me that means further rate cuts, and dare I say it quantitative easing. As a Forex trader, that means USD/CAD to 1.6000 and GBP/CAD to 2.1500…. maybe even higher.\r\n\r\nThe rate cut announced by the BOC was largely expected as economic data had been mixed to be kind.\r\n\r\nThe BOC with Poloz was in first, he was followed by a very supportive Draghi who was at ease at the ECB press conference. I think all you can say after the ECB press conference was that it looks like rates will be on the floor for years to come.\r\n\r\nWe then had Mark Carney (BOE) once again taking a step forward stating that the BOE would possibly be raising rates before the end of this year. Very hawkish indeed, but don’t forget we have been here before. Carney is just as strong stepping backwards as he is stepping forwards. He has only just got out of his JCB after digging himself a huge hole from the 2014 Lord Mayors banquet. Glutton for punishment he may be, does he know Max Mosely (ex F1), who like Carney likes to play dangerous games, maybe not with the markets however, a somewhat rather different area. I do however think that Carney would not walk into a BOE press conference arm in arm with two young ladies dressed in leather with swastikas on their arms. Now there is a picture to contemplate!!\r\n\r\nMoving on….\r\n\r\nNext we had Janet Yellen, who turned into a hawk away from a dove. At last she had to admit that she was going to raise rates this year to put an end to all the speculation. Lets face facts, if she hadn’t said this now at this moment most people would be asking the question, what the hell is wrong with the U.S. economy?\r\n\r\nSo as I had mentioned in my May 31<sup>st</sup> blog the hawks and doves have lined up pretty much as expected with the BOC now firmly in the dove area.\r\n\r\nYellen confirmed, Draghi did what was expected, Carney…who cares, but Poloz stole the show in my opinion, he really has painted a poor picture of the Canadian economy moving forward, and, he stole the show.\r\n\r\nThis week Graeme Wheeler is on stage… lets see.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong> THE PREMIUM SERVICE:</strong>&nbsp;</li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>PLEASE NOTE:</u>\r\n\r\nFrom now through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</p>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS – to 17<sup>th</sup>July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 448 trades cost to trade = $44.80\r\n<strong>PROFIT</strong> from 448 trades = <strong>$718.60</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER - 448 trades cost to trade = $448.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$7,186.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 448 trades cost to trade = $4,480.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$71,860.00</strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS THIS MONTH &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\"><img class=\"aligncenter size-full wp-image-6298\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\" alt=\"PS PROFITS1 19072015\" width=\"451\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\"><img class=\"aligncenter size-full wp-image-6299\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\" alt=\"PS PROFITS2 19072015\" width=\"461\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.6: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.7: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u></u></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nMy thoughts this week are simple and straightforward.\r\n\r\nThe RBNZ will be a market mover for short or long traders. Relief for those who are looking at the NZD/USD at 0.6500 area as a great level to establish a long position, or, it will be a destructive area for the Kiwi with a rate cut sending it towards 0.6000. It is a tough call as we are now at 0.6500, the level that New Zealand Prime Minister John Key saw as an objective several months ago.\r\n\r\nThe problem is, that was then and this is now, facts have changed. It is a race to the bottom and I think lower than 0.6000 is where John Key would love to see his currency because at those levels he can offer his exporting businesses a great opportunity. We will see.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrive thru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nBLOG DATA:\r\nDATE: 19.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #162','THE FED, ECB & BOE – THE HIGH PROFILERS BUT THE BOC STEALS THE SHOW','','publish','open','closed','','the-fed-ecb-boe-the-high-profilers-but-the-boc-steals-the-show','','','2015-07-18 12:28:44','2015-07-18 17:28:44','',0,'https://weeklyfxdrivethru.com/?p=6325',0,'post','',0),(6326,1,'2015-07-18 12:27:46','2015-07-18 17:27:46','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI have quite a bit to write about this week. It has been a high profile week for Forex news in particular with the major central banks touting their positions for all and sundry to review, digest and compare. I want to elaborate a little regarding the central banks, so, this will feature in section 2 of the blog.\r\n\r\nOne paragraph completed and not a mention of GREECE, however here we go, with regards to GREECE and the bailout being recommended, I think what happened last week was pretty much in line with how it should have played out given the fact that the GREEK parliament and the potential banana skin of the FINNISH parliament both agreed and sanctioned the bailout conditions. This gave us to a large extent some market certainty when placing trades and also some long awaited direction, which was exploited.\r\n\r\nAs I tried to make clear to my subscribers during the week, I was not going “all in” as there were still RISKS attached (there always are RISKS trading Forex) but I would be far more aggressive than of late with the numbers of open trades but at the same time holding key POSITION SIZING so as to mange RISK. I feel this was achieved. All of my broker accounts whether they be for my FUNDAMENTAL, FLASH or RADAR trades for specific brokers showed great upside moves.\r\n\r\nU.S. Housing data was the surprise data for me, strong data in particular on building permits. I strongly suspect that it has now finally sunk in that the FED is going raise rates and there is a rush on building permits to lock in lower interest rates prior to the FED rate hike.\r\n\r\nEarly last week Chinese data came in just above expectations, I hate being a cynic… but really! It was such a key moment for Chinese data they just could not afford to miss. I do not think that the markets took the data seriously the AUD desperate for anything positive hardly flickered to the upside.\r\n\r\nSo we now enter the summer doldrums, when trading is normally thin and range bound, and, I see no reason why this would not be the case this year. We can however start to look forward as I think that we can expect some interesting trading strategies in the fall / autumn based around the USD and China just to name two areas.\r\n\r\nAs mentioned previously the Central Bank Governors/Presidents generated most comments last week and I tackle them later in the blog.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – CPI and RBA Governor Stevens gives us words of wisdom.\r\n\r\nWEDNESDAY: GBP – MPC Bank Rates Votes.\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – Core Retail Sales.\r\nTHURSDAY: NZD – Trade Balance.\r\nTHURSDAY: CNY – Flash Manufacturing PMi.\r\n\r\nFRIDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nIt feels strange to almost ignore GREECE from what is coming up but I feel that now whilst it will a bumpy road for a while news from Athens should calm down a little, for at least the summer months. That is of course unless we have a Tsipras resignation and then a rushed election.\r\n\r\nMoving on….\r\n\r\nWithout doubt following the BOC rate cut all eyes will be fixed on “Wheeler the Dealer” at the RBNZ on Wednesday. My gut feeling is that we will see another rate cut and this will be the move that sends the NZD/USD towards 0.6000 and the GBP/NZD past 1.4200/1.4300. I will talk about my potential trades later in the subscriber section.\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nI am now about to enter my hiatus time from blogging and my trading activity will be seriously reduced for the summer.\r\n\r\nAs things stand today, the PREMIUM SERVICE is LIVE with the following trades:\r\n<ul>\r\n	<li>RADAR TRADES: NZD/USD, AUD/USD and USD/CHF.</li>\r\n	<li>FUNDAMENTAL TRADES: USD/CAD and NZD/USD.</li>\r\n	<li>FLASH TRADES: EUR/USD.</li>\r\n	<li>LIMIT ORDERS: 6 set-ups are pending entries.</li>\r\n	<li>Potentially: 12 trades.</li>\r\n</ul>\r\nThis is basically in line with my plan from a few weeks ago and whilst a few of the limit orders require good pullbacks to trigger entries, my plan is in place.\r\n\r\nThere will be no blog next week, as I am moving home but the following week I will wrap up for the summer with a July month end review. The WEEKLY FX DRIVE THRU returns on the 12<sup>th</sup> September 2015.\r\n\r\nThere will still be the odd tweet and comment as I manage through the existing live trades but I will not be adding, or think that I will not be adding, fresh trades. Time will tell. For PREMIUM SERVICE subscribers, you will notice lighter trading but the odd trade no doubt, just no blog.\r\n\r\nMy small working party of subscribers have submitted some changes they would like to see with regards to the blog and these will be introduced in September.\r\n\r\nFinally for this section, be aware because it’s summer, if you are a 365-day a year trader that the Forex markets will be thinner from next week until early September. The Asian sessions are notorious at this time of the year for crippling traders by suckering them into trades when there is no two way action, only for an over-sized trade to be placed catching you out sitting on the wrong side. You will notice that volatility from London into New York is also lower. What I am saying is “Be Careful”. You can have your account destroyed in thin market trading conditions.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE </strong><strong>FED, ECB &amp; BOE - THE HIGH PROFILERS\r\n</strong><strong>BUT\r\n</strong><strong>THE BOC STEALS THE SHOW</strong></p>\r\n<p style=\"text-align: center;\"></p>\r\nLast week was a very important week for me given my TRADING PLAN thru to the end of 2015.\r\n\r\nThe Central Bank chiefs did not disappoint. If you recall, one of my previous blogs dated 31<sup>st</sup> May 2015 was titled:\r\n\r\n<strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong>\r\n\r\nThis blog referred to central bank divergent policies being important to my macro level strategy moving forward.\r\n\r\nSo to coin a phrase…I am a happy puppy as my plan remains intact and during the summer break I can plan effectively.\r\n\r\nThe big news was however how Stephen Poloz, Governor of the Bank of Canada stole the show in my opinion away from Janet Yellen (FED), Mark Carney (BOE) and Mario Draghi (ECB).\r\n\r\nIn 5 minutes Poloz had painted a very dour picture of the Canadian economy. Previously, the BOC like many other central banks had their heads in the sand and their fingers up their asses denying all. Poloz to his credit cut rates a few months ago and did this in reaction to the decline in OIL prices. The BOC view being that investment wouldn’t be setback and that this was a ”transitory” measure, a one-off. Well now it\'s a two-off rate cut and I think that there will be more to come. As far as I am concerned Canada has entered the race to the bottom.\r\n\r\nIt took Graeme Wheeler (RBNZ) and Glenn Stevens (RBA) a little time of denial before the penny dropped. We have had a RBA meeting when I was expecting a second cut that did not happen, and subsequently the AUD has just looked as sick as a parrot. Wheeler who in my opinion is the master of miscommunication finally accepted that the NZD was way over-priced versus the economic conditions in New Zealand and cut rates. The RBNZ meet again this Wednesday and I am expecting a further move lower in the RBNZ interest rate.\r\n\r\nThis will signal once and for all that the commodity currencies are in recessionary zones and that they need actions rather than words to fix.\r\n\r\nThe BOC, the poster boys of the 2008 crash must wonder what the hell has gone wrong, can it all be blamed on the price of crude oil?\r\n\r\nLiving in Quebec, Canada, which has it’s own issues that it will never solve because in my opinion the province only looks backwards does give me a poor picture of Canada at times socially and economically. When you travel the country though the other provinces are more organized and forward looking. But without doubt Canada has fallen foul of the oil impact, the same way that UK did with North Sea oil. Government policies and taxation are punitive, whether locally or nationally and when the oil revenues decline poor economic policies and lack of strategy are exposed.\r\n\r\nThe fact that Canada is seen by the rest of the world as an oil based economy helps to project issues that maybe aren’t actually there but are virtually impossible to be distanced from. Middle-east pressure to try to put the North American oil sands and fracking producers of oil out of business by producing oil at full potential forcing prices lower at any cost is definitely working. For weeks I have been writing about the basic economics of supply and demand in oil and the fact that prices are too high. It would appear that the BOC underestimated this effect and the middle-eastern oil producer’s strategies.\r\n\r\nThe BOC at the press conference lowered GDP (Growth) projections, he also said that he had a full range of financial options at this disposal… to you and me that means further rate cuts, and dare I say it quantitative easing. As a Forex trader, that means USD/CAD to 1.6000 and GBP/CAD to 2.1500…. maybe even higher.\r\n\r\nThe rate cut announced by the BOC was largely expected as economic data had been mixed to be kind.\r\n\r\nThe BOC with Poloz was in first, he was followed by a very supportive Draghi who was at ease at the ECB press conference. I think all you can say after the ECB press conference was that it looks like rates will be on the floor for years to come.\r\n\r\nWe then had Mark Carney (BOE) once again taking a step forward stating that the BOE would possibly be raising rates before the end of this year. Very hawkish indeed, but don’t forget we have been here before. Carney is just as strong stepping backwards as he is stepping forwards. He has only just got out of his JCB after digging himself a huge hole from the 2014 Lord Mayors banquet. Glutton for punishment he may be, does he know Max Mosely (ex F1), who like Carney likes to play dangerous games, maybe not with the markets however, a somewhat rather different area. I do however think that Carney would not walk into a BOE press conference arm in arm with two young ladies dressed in leather with swastikas on their arms. Now there is a picture to contemplate!!\r\n\r\nMoving on….\r\n\r\nNext we had Janet Yellen, who turned into a hawk away from a dove. At last she had to admit that she was going to raise rates this year to put an end to all the speculation. Lets face facts, if she hadn’t said this now at this moment most people would be asking the question, what the hell is wrong with the U.S. economy?\r\n\r\nSo as I had mentioned in my May 31<sup>st</sup> blog the hawks and doves have lined up pretty much as expected with the BOC now firmly in the dove area.\r\n\r\nYellen confirmed, Draghi did what was expected, Carney…who cares, but Poloz stole the show in my opinion, he really has painted a poor picture of the Canadian economy moving forward, and, he stole the show.\r\n\r\nThis week Graeme Wheeler is on stage… lets see.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n\r\n</strong></li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>PLEASE NOTE:</u>\r\n\r\nFrom now through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</p>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS – to 17<sup>th</sup>July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 448 trades cost to trade = $44.80\r\n<strong>PROFIT</strong> from 448 trades = <strong>$718.60</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER - 448 trades cost to trade = $448.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$7,186.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 448 trades cost to trade = $4,480.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$71,860.00</strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n<p style=\"text-align: center;\"></p>\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS THIS MONTH &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\"><img class=\"aligncenter size-full wp-image-6298\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\" alt=\"PS PROFITS1 19072015\" width=\"451\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\"><img class=\"aligncenter size-full wp-image-6299\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\" alt=\"PS PROFITS2 19072015\" width=\"461\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.6: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.7: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u>\r\n\r\n</u></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nMy thoughts this week are simple and straightforward.\r\n\r\nThe RBNZ will be a market mover for short or long traders. Relief for those who are looking at the NZD/USD at 0.6500 area as a great level to establish a long position, or, it will be a destructive area for the Kiwi with a rate cut sending it towards 0.6000. It is a tough call as we are now at 0.6500, the level that New Zealand Prime Minister John Key saw as an objective several months ago.\r\n\r\nThe problem is, that was then and this is now, facts have changed. It is a race to the bottom and I think lower than 0.6000 is where John Key would love to see his currency because at those levels he can offer his exporting businesses a great opportunity. We will see.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrive thru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nBLOG DATA:\r\nDATE: 19.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #162','THE FED, ECB & BOE – THE HIGH PROFILERS BUT THE BOC STEALS THE SHOW','','inherit','open','closed','','6325-revision-v1','','','2015-07-18 12:27:46','2015-07-18 17:27:46','',6325,'https://weeklyfxdrivethru.com/6325-revision-v1/',0,'revision','',0),(6327,1,'2015-07-18 12:28:44','2015-07-18 17:28:44','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>\r\n</ol>\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:\r\n\r\n1.1: LOOKING BACKWARDS:\r\n\r\nI have quite a bit to write about this week. It has been a high profile week for Forex news in particular with the major central banks touting their positions for all and sundry to review, digest and compare. I want to elaborate a little regarding the central banks, so, this will feature in section 2 of the blog.\r\n\r\nOne paragraph completed and not a mention of GREECE, however here we go, with regards to GREECE and the bailout being recommended, I think what happened last week was pretty much in line with how it should have played out given the fact that the GREEK parliament and the potential banana skin of the FINNISH parliament both agreed and sanctioned the bailout conditions. This gave us to a large extent some market certainty when placing trades and also some long awaited direction, which was exploited.\r\n\r\nAs I tried to make clear to my subscribers during the week, I was not going “all in” as there were still RISKS attached (there always are RISKS trading Forex) but I would be far more aggressive than of late with the numbers of open trades but at the same time holding key POSITION SIZING so as to mange RISK. I feel this was achieved. All of my broker accounts whether they be for my FUNDAMENTAL, FLASH or RADAR trades for specific brokers showed great upside moves.\r\n\r\nU.S. Housing data was the surprise data for me, strong data in particular on building permits. I strongly suspect that it has now finally sunk in that the FED is going raise rates and there is a rush on building permits to lock in lower interest rates prior to the FED rate hike.\r\n\r\nEarly last week Chinese data came in just above expectations, I hate being a cynic… but really! It was such a key moment for Chinese data they just could not afford to miss. I do not think that the markets took the data seriously the AUD desperate for anything positive hardly flickered to the upside.\r\n\r\nSo we now enter the summer doldrums, when trading is normally thin and range bound, and, I see no reason why this would not be the case this year. We can however start to look forward as I think that we can expect some interesting trading strategies in the fall / autumn based around the USD and China just to name two areas.\r\n\r\nAs mentioned previously the Central Bank Governors/Presidents generated most comments last week and I tackle them later in the blog.\r\n\r\n&nbsp;\r\n\r\n1.2: LOOKING FORWARDS:\r\n\r\nMAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n\r\n(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – Monetary Policy Meeting Minutes.\r\n\r\nTUESDAY: AUD – CPI and RBA Governor Stevens gives us words of wisdom.\r\n\r\nWEDNESDAY: GBP – MPC Bank Rates Votes.\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – Core Retail Sales.\r\nTHURSDAY: NZD – Trade Balance.\r\nTHURSDAY: CNY – Flash Manufacturing PMi.\r\n\r\nFRIDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\n\r\n&nbsp;\r\n\r\nMY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:\r\n\r\nIt feels strange to almost ignore GREECE from what is coming up but I feel that now whilst it will a bumpy road for a while news from Athens should calm down a little, for at least the summer months. That is of course unless we have a Tsipras resignation and then a rushed election.\r\n\r\nMoving on….\r\n\r\nWithout doubt following the BOC rate cut all eyes will be fixed on “Wheeler the Dealer” at the RBNZ on Wednesday. My gut feeling is that we will see another rate cut and this will be the move that sends the NZD/USD towards 0.6000 and the GBP/NZD past 1.4200/1.4300. I will talk about my potential trades later in the subscriber section.\r\n\r\n&nbsp;\r\n\r\n1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\nI am now about to enter my hiatus time from blogging and my trading activity will be seriously reduced for the summer.\r\n\r\nAs things stand today, the PREMIUM SERVICE is LIVE with the following trades:\r\n<ul>\r\n	<li>RADAR TRADES: NZD/USD, AUD/USD and USD/CHF.</li>\r\n	<li>FUNDAMENTAL TRADES: USD/CAD and NZD/USD.</li>\r\n	<li>FLASH TRADES: EUR/USD.</li>\r\n	<li>LIMIT ORDERS: 6 set-ups are pending entries.</li>\r\n	<li>Potentially: 12 trades.</li>\r\n</ul>\r\nThis is basically in line with my plan from a few weeks ago and whilst a few of the limit orders require good pullbacks to trigger entries, my plan is in place.\r\n\r\nThere will be no blog next week, as I am moving home but the following week I will wrap up for the summer with a July month end review. The WEEKLY FX DRIVE THRU returns on the 12<sup>th</sup> September 2015.\r\n\r\nThere will still be the odd tweet and comment as I manage through the existing live trades but I will not be adding, or think that I will not be adding, fresh trades. Time will tell. For PREMIUM SERVICE subscribers, you will notice lighter trading but the odd trade no doubt, just no blog.\r\n\r\nMy small working party of subscribers have submitted some changes they would like to see with regards to the blog and these will be introduced in September.\r\n\r\nFinally for this section, be aware because it’s summer, if you are a 365-day a year trader that the Forex markets will be thinner from next week until early September. The Asian sessions are notorious at this time of the year for crippling traders by suckering them into trades when there is no two way action, only for an over-sized trade to be placed catching you out sitting on the wrong side. You will notice that volatility from London into New York is also lower. What I am saying is “Be Careful”. You can have your account destroyed in thin market trading conditions.\r\n\r\nThink about it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>THE </strong><strong>FED, ECB &amp; BOE - THE HIGH PROFILERS\r\n</strong><strong>BUT\r\n</strong><strong>THE BOC STEALS THE SHOW</strong></p>\r\nLast week was a very important week for me given my TRADING PLAN thru to the end of 2015.\r\n\r\nThe Central Bank chiefs did not disappoint. If you recall, one of my previous blogs dated 31<sup>st</sup> May 2015 was titled:\r\n\r\n<strong>AS EACH WEEK PASSES MY “DUCKS” ARE LINING UP NICELY</strong>\r\n\r\nThis blog referred to central bank divergent policies being important to my macro level strategy moving forward.\r\n\r\nSo to coin a phrase…I am a happy puppy as my plan remains intact and during the summer break I can plan effectively.\r\n\r\nThe big news was however how Stephen Poloz, Governor of the Bank of Canada stole the show in my opinion away from Janet Yellen (FED), Mark Carney (BOE) and Mario Draghi (ECB).\r\n\r\nIn 5 minutes Poloz had painted a very dour picture of the Canadian economy. Previously, the BOC like many other central banks had their heads in the sand and their fingers up their asses denying all. Poloz to his credit cut rates a few months ago and did this in reaction to the decline in OIL prices. The BOC view being that investment wouldn’t be setback and that this was a ”transitory” measure, a one-off. Well now it\'s a two-off rate cut and I think that there will be more to come. As far as I am concerned Canada has entered the race to the bottom.\r\n\r\nIt took Graeme Wheeler (RBNZ) and Glenn Stevens (RBA) a little time of denial before the penny dropped. We have had a RBA meeting when I was expecting a second cut that did not happen, and subsequently the AUD has just looked as sick as a parrot. Wheeler who in my opinion is the master of miscommunication finally accepted that the NZD was way over-priced versus the economic conditions in New Zealand and cut rates. The RBNZ meet again this Wednesday and I am expecting a further move lower in the RBNZ interest rate.\r\n\r\nThis will signal once and for all that the commodity currencies are in recessionary zones and that they need actions rather than words to fix.\r\n\r\nThe BOC, the poster boys of the 2008 crash must wonder what the hell has gone wrong, can it all be blamed on the price of crude oil?\r\n\r\nLiving in Quebec, Canada, which has it’s own issues that it will never solve because in my opinion the province only looks backwards does give me a poor picture of Canada at times socially and economically. When you travel the country though the other provinces are more organized and forward looking. But without doubt Canada has fallen foul of the oil impact, the same way that UK did with North Sea oil. Government policies and taxation are punitive, whether locally or nationally and when the oil revenues decline poor economic policies and lack of strategy are exposed.\r\n\r\nThe fact that Canada is seen by the rest of the world as an oil based economy helps to project issues that maybe aren’t actually there but are virtually impossible to be distanced from. Middle-east pressure to try to put the North American oil sands and fracking producers of oil out of business by producing oil at full potential forcing prices lower at any cost is definitely working. For weeks I have been writing about the basic economics of supply and demand in oil and the fact that prices are too high. It would appear that the BOC underestimated this effect and the middle-eastern oil producer’s strategies.\r\n\r\nThe BOC at the press conference lowered GDP (Growth) projections, he also said that he had a full range of financial options at this disposal… to you and me that means further rate cuts, and dare I say it quantitative easing. As a Forex trader, that means USD/CAD to 1.6000 and GBP/CAD to 2.1500…. maybe even higher.\r\n\r\nThe rate cut announced by the BOC was largely expected as economic data had been mixed to be kind.\r\n\r\nThe BOC with Poloz was in first, he was followed by a very supportive Draghi who was at ease at the ECB press conference. I think all you can say after the ECB press conference was that it looks like rates will be on the floor for years to come.\r\n\r\nWe then had Mark Carney (BOE) once again taking a step forward stating that the BOE would possibly be raising rates before the end of this year. Very hawkish indeed, but don’t forget we have been here before. Carney is just as strong stepping backwards as he is stepping forwards. He has only just got out of his JCB after digging himself a huge hole from the 2014 Lord Mayors banquet. Glutton for punishment he may be, does he know Max Mosely (ex F1), who like Carney likes to play dangerous games, maybe not with the markets however, a somewhat rather different area. I do however think that Carney would not walk into a BOE press conference arm in arm with two young ladies dressed in leather with swastikas on their arms. Now there is a picture to contemplate!!\r\n\r\nMoving on….\r\n\r\nNext we had Janet Yellen, who turned into a hawk away from a dove. At last she had to admit that she was going to raise rates this year to put an end to all the speculation. Lets face facts, if she hadn’t said this now at this moment most people would be asking the question, what the hell is wrong with the U.S. economy?\r\n\r\nSo as I had mentioned in my May 31<sup>st</sup> blog the hawks and doves have lined up pretty much as expected with the BOC now firmly in the dove area.\r\n\r\nYellen confirmed, Draghi did what was expected, Carney…who cares, but Poloz stole the show in my opinion, he really has painted a poor picture of the Canadian economy moving forward, and, he stole the show.\r\n\r\nThis week Graeme Wheeler is on stage… lets see.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong> THE PREMIUM SERVICE:</strong>&nbsp;</li>\r\n</ol>\r\n<strong>SUMMARY OF PERFORMANCE:</strong>\r\n\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\n\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n&nbsp;\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n<u>PLEASE NOTE:</u>\r\n\r\nFrom now through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n&nbsp;\r\n\r\n3.2: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</p>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS – to 17<sup>th</sup>July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 448 trades cost to trade = $44.80\r\n<strong>PROFIT</strong> from 448 trades = <strong>$718.60</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER - 448 trades cost to trade = $448.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$7,186.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 448 trades cost to trade = $4,480.00\r\n<strong>PROFIT</strong> from 448 trades = <strong>$71,860.00</strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you go to</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>\r\n<p style=\"text-align: center;\">The performance above is based off single-lot trade sizes.</p>\r\n<p style=\"text-align: center;\">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>\r\n<p style=\"text-align: center;\">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n&nbsp;\r\n\r\n3.3: PREMIUM SERVICE - TRADE SUMMARY DETAILS THIS MONTH &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\"><img class=\"aligncenter size-full wp-image-6298\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS1-19072015.png\" alt=\"PS PROFITS1 19072015\" width=\"451\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\"><img class=\"aligncenter size-full wp-image-6299\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/07/PS-PROFITS2-19072015.png\" alt=\"PS PROFITS2 19072015\" width=\"461\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1: EDUCATION:<u>\r\n</u>\r\n\r\n4.2: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:\r\n\r\n4.3: THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4: THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5: POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.6: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:\r\n\r\n4.7: THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:<u></u></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:\r\n\r\nMy thoughts this week are simple and straightforward.\r\n\r\nThe RBNZ will be a market mover for short or long traders. Relief for those who are looking at the NZD/USD at 0.6500 area as a great level to establish a long position, or, it will be a destructive area for the Kiwi with a rate cut sending it towards 0.6000. It is a tough call as we are now at 0.6500, the level that New Zealand Prime Minister John Key saw as an objective several months ago.\r\n\r\nThe problem is, that was then and this is now, facts have changed. It is a race to the bottom and I think lower than 0.6000 is where John Key would love to see his currency because at those levels he can offer his exporting businesses a great opportunity. We will see.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrive thru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\nhttp://www.stocktwits.com/thepipaccumulator\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nBLOG DATA:\r\nDATE: 19.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #162','THE FED, ECB & BOE – THE HIGH PROFILERS BUT THE BOC STEALS THE SHOW','','inherit','open','closed','','6325-revision-v1','','','2015-07-18 12:28:44','2015-07-18 17:28:44','',6325,'https://weeklyfxdrivethru.com/6325-revision-v1/',0,'revision','',0),(6349,1,'2015-08-01 11:27:32','2015-08-01 16:27:32','<section class=\"one-sixth first\">\r\n<h4>Completed Trades Risk/Reward Analysis Archives</h4>\r\n<div class=\"menu\"><a class=\"flashmenu-item\" href=\"#\">2015</a></div>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\"><img class=\"aligncenter size-full wp-image-6340\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\" alt=\"PS PROFIT-LOSS RATIO 31072015\" width=\"413\" height=\"591\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS</h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter size-full wp-image-4964\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"436\" height=\"543\" /></a></h2>\r\n</div>\r\n</section>','COMPLETED TRADES RISK / REWARD ANALYSIS','','inherit','open','closed','','5006-revision-v1','','','2015-08-01 11:27:32','2015-08-01 16:27:32','',5006,'https://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(6350,1,'2015-08-01 11:27:56','2015-08-01 16:27:56','<section class=\"one-sixth first\">\r\n<h4>Completed Trades Risk/Reward Analysis Archives</h4>\r\n<div class=\"menu\"><a class=\"flashmenu-item\" href=\"#\">2015</a></div>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\"><img class=\"aligncenter size-full wp-image-6339\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\" alt=\"PS RISK-REWARD 31072015\" width=\"431\" height=\"549\" /></a></h2>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS</h2>\r\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter size-full wp-image-4964\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"436\" height=\"543\" /></a></h2>\r\n</div>\r\n</section>','COMPLETED TRADES RISK / REWARD ANALYSIS','','inherit','open','closed','','5006-revision-v1','','','2015-08-01 11:27:56','2015-08-01 16:27:56','',5006,'https://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(6353,1,'2015-08-01 12:00:22','2015-08-01 17:00:22','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW:</strong></li>\r\n</ol>\r\nAs you know the PREMIUM SERVICE is now on a summer recess, however, my wife and I have moved home in the last week so as you can probably imagine it has not been feet up time for me yet.\r\n\r\nThe reason for this communication is “five-fold”: -\r\n\r\nFirstly, to review the July 2015 performance and the 2015 year to date picture in relation to last year and my overall objectives for this year.\r\n\r\nSecondly, to announce that following my subscriber working party review, the format and structure of the blog will alter from the next release, which is scheduled for September 12<sup>th</sup>. I am excited about these changes, small as they may be, because of late my administrative functionality has been increasing, eating into my trading time. These changes will I hope help balance things out a little.\r\n\r\nAll versions of the blog, The Free Newsletter and The Premium Service (Gold) subscriber will have a revised format, plus my contributions to the likes of <a href=\"http://www.investing.com\">www.investing.com</a> will have reduced content but nevertheless a very similar feel to The Free Newsletter. I have been very adhoc with contributions to the various sources of promotion to me this year so far, but with the proposed changes in structure to the blog I feel I have the right opportunity now to be more active in these area.\r\n\r\nThirdly, I want to use this opportunity to announce THE PREMIUM SERVICE fall / autumn promotional campaigns. This time around there are two programs in place one with the support of one of my FX Broker partners and a second campaign directly with THE PREMIUM SERVICE alone.\r\n\r\nFourthly, the very highly acclaimed and respected FX trader/guru/commentator of over 30 years trading experience Dale Pinkert @ForexStopHunter host of a daily webinar has asked me to guest on his broadcast. I have been delaying Dale for a couple of months due to the house move preparation and a couple of other issues but I am hoping that I will be able to participate in a show early September. For those of you who enjoy the sound of a “scouse” accent on the radio - a treat is in store for you, provided of course that Dale has not got tired and bored of waiting!!\r\n\r\nFifth and finally, in September The Free Newsletter will feature on a third party website, to be announced later, as I am now going to provide content for a new partner. I am really excited about this opportunity and whilst initially it will be the “Newsletter” only… from little acorns grow the really big oak tress!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> TRADING:</strong></li>\r\n</ol>\r\nI have stopped now and all open trades are closed and limit orders cancelled. I will however be glancing at the markets from time to time and will start back again in early September although the first blog will not be until the 12<sup>th</sup> of September.\r\n\r\nI just want to say that if you are going to continue to trade throughout August and not take a break please think about the following: -\r\n\r\nThe Forex markets are notoriously thin in August due to institutional traders vacations. In addition many other “market players” take a break. The result of this can be extreme.\r\n\r\nRange trading is the most likely outcome, with false breakouts and breakdowns being the order of the day. You have to be extra careful with POSITION SIZING in my opinion.\r\n\r\nThe Asian market is particularly affected by these changes in market liquidity and some FX moves can be very extreme. In my opinion the only trading period with any notable volume would be when the European and North American markets are trading together from about 8:00AM to 11.30AM EDT. Outside of these times I would consider myself to be on permanent “Orange alert”.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n<strong>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS</strong>:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n<strong>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</strong>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\nPLEASE NOTE:\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 12<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n3.2: PROMOTIONAL CAMPAIGNS:\r\n\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong>IN OPERATION WITH MY PARTNER BROKER</strong></span>\r\n<span style=\"color: #0000ff;\"> <strong> BLACKWELL GLOBAL</strong></span></p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account. In addition the PREMIUM SERVICE bonus is in addition to any other offers that BLACKWELL GLOBAL may have in place at the time of subscribing.\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong>DIRECTLY WITH THE PREMIUM SERVICE</strong></span>\r\n<span style=\"color: #0000ff;\"> <strong> DOUBLE UP!</strong></span></p>\r\nOPTION C:\r\nWhether it be a SILVER or GOLD level subscription that you sign up for I will match the subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period. Sign up for one year at $795.00 you will receive a bonus year free of charge.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span> - All subscriptions for OPTIONS A,B and C  will start on September 12th 2015 and time periods will be calculated from that date even if notifications of trade set-ups are provided earlier.\r\n\r\n3.3: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\"><strong>PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</strong></p>\r\n<p style=\"text-align: center;\">EMANATING FROM ALL COMPLETED TRADE SET-UPS – to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\n<strong>PROFIT</strong> from 466 trades = <strong>$774.30</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\n<strong>PROFIT</strong> from 466 trades = <strong>$7,743.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\n<strong>PROFIT</strong> from 466 trades = <strong>$77,430.00</strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you, go to\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\nThe performance above is based off single-lot trade sizes.\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n3.3: COMPLETE TRADE SUMMARY DETAILS - JULY 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS1-31072015.png\"><img class=\"aligncenter size-full wp-image-6329\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS1-31072015.png\" alt=\"PS PROFITS1 31072015\" width=\"455\" height=\"430\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS2-31072015.png\"><img class=\"aligncenter size-full wp-image-6330\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS2-31072015.png\" alt=\"PS PROFITS2 31072015\" width=\"461\" height=\"421\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.4: RADAR TRADES – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR1-31072015.png\"><img class=\"aligncenter size-full wp-image-6334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR1-31072015.png\" alt=\"RADAR1 31072015\" width=\"539\" height=\"560\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR2-31072015.png\"><img class=\"aligncenter size-full wp-image-6335\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR2-31072015.png\" alt=\"RADAR2 31072015\" width=\"555\" height=\"563\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR-YTD-31072015.png\" alt=\"RADAR YTD 31072015\" width=\"441\" height=\"468\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.5: FLASH TRADES - JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH1-31072015.png\"><img class=\"aligncenter size-full wp-image-6331\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH1-31072015.png\" alt=\"FLASH1 31072015\" width=\"498\" height=\"549\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH2-31072015.png\"><img class=\"aligncenter size-full wp-image-6332\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH2-31072015.png\" alt=\"FLASH2 31072015\" width=\"513\" height=\"552\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6333\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH-YTD-31072015.png\" alt=\"FLASH YTD 31072015\" width=\"434\" height=\"477\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.6: FUNDAMENTAL TRADES – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUNDAMENTAL-31072015.png\"><img class=\"aligncenter size-full wp-image-6337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUNDAMENTAL-31072015.png\" alt=\"FUNDAMENTAL 31072015\" width=\"505\" height=\"573\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUN-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6338\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUN-YTD-31072015.png\" alt=\"FUN YTD 31072015\" width=\"432\" height=\"453\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.7: RISK versus REWARD ANALYSIS – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\"><img class=\"aligncenter size-full wp-image-6339\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\" alt=\"PS RISK-REWARD 31072015\" width=\"431\" height=\"549\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.8: TRADING PROFIT / LOSS RATIO – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\"><img class=\"aligncenter size-full wp-image-6340\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\" alt=\"PS PROFIT-LOSS RATIO 31072015\" width=\"413\" height=\"591\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.9: PIP PERFORMANCE ANALYSIS – COMPARISON 204 versus 2015:\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PIP-ANALYSIS-2015-2015.png\"><img class=\"aligncenter size-full wp-image-6341\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PIP-ANALYSIS-2015-2015.png\" alt=\"PS PIP ANALYSIS 2015-2015\" width=\"623\" height=\"534\" /></a> </strong>\r\n\r\n3.10: COMMENTS on 2015 PERFORMANCE so far:\r\n\r\nI think that the first comment that I have to make is that after the early year SNB - EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the markets this year in comparison to 2014 have changed. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\n&nbsp;\r\n\r\nThere is no <strong>Section 4 PREMIUM SERVICE</strong> exclusive content this week.\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things and maybe want to see if I can help you improve your Forex profitability subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: THE LAST WORD:\r\n\r\nI am looking forward to a short break from trading and if you do not currently do the same, think about it. There is nothing quite like having ones batteries re-charged.\r\n\r\nIf however, you just cannot stop yourself and I completely get it, maybe trade smaller POSITION SIZES or use a demo account to try out new strategies. Longevity is the key to trading along with capital preservation so please do not risk either of these by foolishly placing your account at risk.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrive thru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nCONTENT REFERENCE DATA:\r\nDATE: 31.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #163','PREMIUM SERVICE JULY 2015 PERFORMANCE and YEAR TO DATE REVIEW','','publish','open','closed','','premium-service-july-2015-performance-and-year-to-date-review','','','2015-08-01 12:00:22','2015-08-01 17:00:22','',0,'https://weeklyfxdrivethru.com/?p=6353',0,'post','',0),(6354,1,'2015-08-01 11:51:35','2015-08-01 16:51:35','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW:</strong></li>\r\n</ol>\r\nAs you know the PREMIUM SERVICE is now on a summer recess, however, my wife and I have moved home in the last week so as you can probably imagine it has not been feet up time for me yet.\r\n\r\nThe reason for this communication is “five-fold”: -\r\n\r\nFirstly, to review the July 2015 performance and the 2015 year to date picture in relation to last year and my overall objectives for this year.\r\n\r\nSecondly, to announce that following my subscriber working party review, the format and structure of the blog will alter from the next release, which is scheduled for September 12<sup>th</sup>. I am excited about these changes, small as they may be, because of late my administrative functionality has been increasing, eating into my trading time. These changes will I hope help balance things out a little.\r\n\r\nAll versions of the blog, The Free Newsletter and The Premium Service (Gold) subscriber will have a revised format, plus my contributions to the likes of <a href=\"http://www.investing.com\">www.investing.com</a> will have reduced content but nevertheless a very similar feel to The Free Newsletter. I have been very adhoc with contributions to the various sources of promotion to me this year so far, but with the proposed changes in structure to the blog I feel I have the right opportunity now to be more active in these area.\r\n\r\nThirdly, I want to use this opportunity to announce THE PREMIUM SERVICE fall / autumn promotional campaigns. This time around there are two programs in place one with the support of one of my FX Broker partners and a second campaign directly with THE PREMIUM SERVICE alone.\r\n\r\nFourthly, the very highly acclaimed and respected FX trader/guru/commentator of over 30 years trading experience Dale Pinkert @ForexStopHunter host of a daily webinar has asked me to guest on his broadcast. I have been delaying Dale for a couple of months due to the house move preparation and a couple of other issues but I am hoping that I will be able to participate in a show early September. For those of you who enjoy the sound of a “scouse” accent on the radio - a treat is in store for you, provided of course that Dale has not got tired and bored of waiting!!\r\n\r\nFifth and finally, in September The Free Newsletter will feature on a third party website, to be announced later, as I am now going to provide content for a new partner. I am really excited about this opportunity and whilst initially it will be the “Newsletter” only… from little acorns grow the really big oak tress!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> TRADING:</strong></li>\r\n</ol>\r\nI have stopped now and all open trades are closed and limit orders cancelled. I will however be glancing at the markets from time to time and will start back again in early September although the first blog will not be until the 12<sup>th</sup> of September.\r\n\r\nI just want to say that if you are going to continue to trade throughout August and not take a break please think about the following: -\r\n\r\nThe Forex markets are notoriously thin in August due to institutional traders vacations. In addition many other “market players” take a break. The result of this can be extreme.\r\n\r\nRange trading is the most likely outcome, with false breakouts and breakdowns being the order of the day. You have to be extra careful with POISTION SIZING in my opinion.\r\n\r\nThe Asian market is particularly affected by these changes in market liquidity and some FX moves can be very extreme. In my opinion the only trading period with any notable volume would be when the European and North American markets are trading together from about 8:00AM to 11.30AM EDT. Outside of these times I would consider myself to be on permanent “Orange alert”.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n<strong>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS</strong>:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n<strong>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</strong>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\nPLEASE NOTE:\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 12<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n3.2: PROMOTIONAL CAMPAIGNS:\r\n\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\"><strong>IN OPERATION WITH MY PARTNER BROKER</strong>\r\n<strong> BLACKWELL GLOBAL</strong></p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<p style=\"text-align: center;\"><strong>DIRECTLY WITH THE PREMIUM SERVICE</strong>\r\n<strong> DOUBLE UP!</strong></p>\r\nOPTION C:\r\nWhether it be a SILVER or GOLD level subscription that you sign up for I will match the subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period. Sign up for one year at $795.00 you will receive a bonus year free of charge.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span> - All subscriptions for OPTIONS A,B and C  will start on September 12th 2015 and time periods will be calculated from that date even if notifications of trade set-ups are provided earlier.\r\n\r\n3.3: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\"><strong>PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</strong></p>\r\n<p style=\"text-align: center;\">EMANATING FROM ALL COMPLETED TRADE SET-UPS – to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\n<strong>PROFIT</strong> from 466 trades = <strong>$774.30</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\n<strong>PROFIT</strong> from 466 trades = <strong>$7,743.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\n<strong>PROFIT</strong> from 466 trades = <strong>$77,430.00</strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you, go to\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\nThe performance above is based off single-lot trade sizes.\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n3.3: COMPLETE TRADE SUMMARY DETAILS - JULY 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS1-31072015.png\"><img class=\"aligncenter size-full wp-image-6329\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS1-31072015.png\" alt=\"PS PROFITS1 31072015\" width=\"455\" height=\"430\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS2-31072015.png\"><img class=\"aligncenter size-full wp-image-6330\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS2-31072015.png\" alt=\"PS PROFITS2 31072015\" width=\"461\" height=\"421\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.4: RADAR TRADES – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR1-31072015.png\"><img class=\"aligncenter size-full wp-image-6334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR1-31072015.png\" alt=\"RADAR1 31072015\" width=\"539\" height=\"560\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR2-31072015.png\"><img class=\"aligncenter size-full wp-image-6335\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR2-31072015.png\" alt=\"RADAR2 31072015\" width=\"555\" height=\"563\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR-YTD-31072015.png\" alt=\"RADAR YTD 31072015\" width=\"441\" height=\"468\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.5: FLASH TRADES - JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH1-31072015.png\"><img class=\"aligncenter size-full wp-image-6331\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH1-31072015.png\" alt=\"FLASH1 31072015\" width=\"498\" height=\"549\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH2-31072015.png\"><img class=\"aligncenter size-full wp-image-6332\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH2-31072015.png\" alt=\"FLASH2 31072015\" width=\"513\" height=\"552\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6333\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH-YTD-31072015.png\" alt=\"FLASH YTD 31072015\" width=\"434\" height=\"477\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.6: FUNDAMEMTAL TRADES – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUNDAMENTAL-31072015.png\"><img class=\"aligncenter size-full wp-image-6337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUNDAMENTAL-31072015.png\" alt=\"FUNDAMENTAL 31072015\" width=\"505\" height=\"573\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUN-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6338\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUN-YTD-31072015.png\" alt=\"FUN YTD 31072015\" width=\"432\" height=\"453\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.7: RISK versus REWARD ANALYSIS – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\"><img class=\"aligncenter size-full wp-image-6339\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\" alt=\"PS RISK-REWARD 31072015\" width=\"431\" height=\"549\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.8: TRADING PROFIT / LOSS RATIO – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\"><img class=\"aligncenter size-full wp-image-6340\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\" alt=\"PS PROFIT-LOSS RATIO 31072015\" width=\"413\" height=\"591\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.9: PIP PEFORMANCE ANALYSIS – COMPARISON 204 versus 2015:\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PIP-ANALYSIS-2015-2015.png\"><img class=\"aligncenter size-full wp-image-6341\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PIP-ANALYSIS-2015-2015.png\" alt=\"PS PIP ANALYSIS 2015-2015\" width=\"623\" height=\"534\" /></a> </strong>\r\n\r\n3.10: COMMENTS on 2015 PERFORMANCE so far:\r\n\r\nI think that the first comment that I have to make is that after the early year SNB EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the markets this year in comparison to 2014 have changed. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\n&nbsp;\r\n\r\nThere is no <strong>Section 4 PREMIUM SERVICE</strong> exclusive content this week.\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things and maybe want to see if I can help you improve your Forex profitability subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: THE LAST WORD:\r\n\r\nI am looking forward to a short break from trading and if you do not currently do the same, think about it. There is nothing quite like having ones batteries re-charged.\r\n\r\nIf however, you just cannot stop yourself and I completely get it, maybe trade smaller POSITION SIZES or use a demo account to try out new strategies. Longevity is the key to trading along with capital preservation so please do not risk either of these by foolishly placing your account at risk.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrive thru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nCONTENT REFERENCE DATA:\r\nDATE: 31.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #163','PREMIUM SERVICE JULY 2015 PERFORMANCE and YEAR TO DATE REVIEW','','inherit','open','closed','','6353-revision-v1','','','2015-08-01 11:51:35','2015-08-01 16:51:35','',6353,'https://weeklyfxdrivethru.com/6353-revision-v1/',0,'revision','',0),(6355,1,'2015-08-01 12:00:06','2015-08-01 17:00:06','<strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong>\r\n\r\n<strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW:</strong></li>\r\n</ol>\r\nAs you know the PREMIUM SERVICE is now on a summer recess, however, my wife and I have moved home in the last week so as you can probably imagine it has not been feet up time for me yet.\r\n\r\nThe reason for this communication is “five-fold”: -\r\n\r\nFirstly, to review the July 2015 performance and the 2015 year to date picture in relation to last year and my overall objectives for this year.\r\n\r\nSecondly, to announce that following my subscriber working party review, the format and structure of the blog will alter from the next release, which is scheduled for September 12<sup>th</sup>. I am excited about these changes, small as they may be, because of late my administrative functionality has been increasing, eating into my trading time. These changes will I hope help balance things out a little.\r\n\r\nAll versions of the blog, The Free Newsletter and The Premium Service (Gold) subscriber will have a revised format, plus my contributions to the likes of <a href=\"http://www.investing.com\">www.investing.com</a> will have reduced content but nevertheless a very similar feel to The Free Newsletter. I have been very adhoc with contributions to the various sources of promotion to me this year so far, but with the proposed changes in structure to the blog I feel I have the right opportunity now to be more active in these area.\r\n\r\nThirdly, I want to use this opportunity to announce THE PREMIUM SERVICE fall / autumn promotional campaigns. This time around there are two programs in place one with the support of one of my FX Broker partners and a second campaign directly with THE PREMIUM SERVICE alone.\r\n\r\nFourthly, the very highly acclaimed and respected FX trader/guru/commentator of over 30 years trading experience Dale Pinkert @ForexStopHunter host of a daily webinar has asked me to guest on his broadcast. I have been delaying Dale for a couple of months due to the house move preparation and a couple of other issues but I am hoping that I will be able to participate in a show early September. For those of you who enjoy the sound of a “scouse” accent on the radio - a treat is in store for you, provided of course that Dale has not got tired and bored of waiting!!\r\n\r\nFifth and finally, in September The Free Newsletter will feature on a third party website, to be announced later, as I am now going to provide content for a new partner. I am really excited about this opportunity and whilst initially it will be the “Newsletter” only… from little acorns grow the really big oak tress!\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> TRADING:</strong></li>\r\n</ol>\r\nI have stopped now and all open trades are closed and limit orders cancelled. I will however be glancing at the markets from time to time and will start back again in early September although the first blog will not be until the 12<sup>th</sup> of September.\r\n\r\nI just want to say that if you are going to continue to trade throughout August and not take a break please think about the following: -\r\n\r\nThe Forex markets are notoriously thin in August due to institutional traders vacations. In addition many other “market players” take a break. The result of this can be extreme.\r\n\r\nRange trading is the most likely outcome, with false breakouts and breakdowns being the order of the day. You have to be extra careful with POSITION SIZING in my opinion.\r\n\r\nThe Asian market is particularly affected by these changes in market liquidity and some FX moves can be very extreme. In my opinion the only trading period with any notable volume would be when the European and North American markets are trading together from about 8:00AM to 11.30AM EDT. Outside of these times I would consider myself to be on permanent “Orange alert”.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong> THE PREMIUM SERVICE:\r\n</strong></li>\r\n</ol>\r\n3.1: OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:\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>\r\n\r\nAt the top of my welcome page there are three drop down menus: -\r\nPREMIUM SERVICE PROMOTIONS (if available)\r\nSIGN-UP\r\nDISCLAIMER\r\nFurther details and how to join are all contained there. You will need a PayPal account to subscribe.\r\n\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing.\r\n\r\n<strong>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS</strong>:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\n<strong>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n</strong>\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\nPLEASE NOTE:\r\n\r\nDuring the summer from July 25<sup>th</sup> through to September 12<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.\r\n\r\n3.2: PROMOTIONAL CAMPAIGNS:\r\n\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong>IN OPERATION WITH MY PARTNER BROKER</strong></span>\r\n<span style=\"color: #0000ff;\"> <strong> BLACKWELL GLOBAL</strong></span></p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account. In addition the PREMIUM SERVICE bonus is in addition to any other offers that BLACKWELL GLOBAL may have in place at the time of subscribing.\r\n<p style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong>DIRECTLY WITH THE PREMIUM SERVICE</strong></span>\r\n<span style=\"color: #0000ff;\"> <strong> DOUBLE UP!</strong></span></p>\r\nOPTION C:\r\nWhether it be a SILVER or GOLD level subscription that you sign up for I will match the subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period. Sign up for one year at $795.00 you will receive a bonus year free of charge.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span> - All subscriptions for OPTIONS A,B and C  will start on September 12th 2015 and time periods will be calculated from that date even if notifications of trade set-ups are provided earlier.\r\n\r\n3.3: PERFORMANCE REVIEWS:\r\n<p style=\"text-align: center;\"><strong>PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</strong></p>\r\n<p style=\"text-align: center;\">EMANATING FROM ALL COMPLETED TRADE SET-UPS – to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\n<strong>PROFIT</strong> from 466 trades = <strong>$774.30</strong></p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\n<strong>PROFIT</strong> from 466 trades = <strong>$7,743.00</strong></p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\n<strong>PROFIT</strong> from 466 trades = <strong>$77,430.00</strong></p>\r\n<p style=\"text-align: center;\">If the above return from Forex Trading interests you, go to\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.\r\nThe performance above is based off single-lot trade sizes.\r\nTHE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.\r\nA profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>\r\n3.3: COMPLETE TRADE SUMMARY DETAILS - JULY 2015 &amp; YTD:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS1-31072015.png\"><img class=\"aligncenter size-full wp-image-6329\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS1-31072015.png\" alt=\"PS PROFITS1 31072015\" width=\"455\" height=\"430\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS2-31072015.png\"><img class=\"aligncenter size-full wp-image-6330\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFITS2-31072015.png\" alt=\"PS PROFITS2 31072015\" width=\"461\" height=\"421\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.4: RADAR TRADES – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR1-31072015.png\"><img class=\"aligncenter size-full wp-image-6334\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR1-31072015.png\" alt=\"RADAR1 31072015\" width=\"539\" height=\"560\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR2-31072015.png\"><img class=\"aligncenter size-full wp-image-6335\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR2-31072015.png\" alt=\"RADAR2 31072015\" width=\"555\" height=\"563\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6336\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/RADAR-YTD-31072015.png\" alt=\"RADAR YTD 31072015\" width=\"441\" height=\"468\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.5: FLASH TRADES - JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH1-31072015.png\"><img class=\"aligncenter size-full wp-image-6331\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH1-31072015.png\" alt=\"FLASH1 31072015\" width=\"498\" height=\"549\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH2-31072015.png\"><img class=\"aligncenter size-full wp-image-6332\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH2-31072015.png\" alt=\"FLASH2 31072015\" width=\"513\" height=\"552\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6333\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FLASH-YTD-31072015.png\" alt=\"FLASH YTD 31072015\" width=\"434\" height=\"477\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.6: FUNDAMENTAL TRADES – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUNDAMENTAL-31072015.png\"><img class=\"aligncenter size-full wp-image-6337\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUNDAMENTAL-31072015.png\" alt=\"FUNDAMENTAL 31072015\" width=\"505\" height=\"573\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUN-YTD-31072015.png\"><img class=\"aligncenter size-full wp-image-6338\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/FUN-YTD-31072015.png\" alt=\"FUN YTD 31072015\" width=\"432\" height=\"453\" /></a>\r\n\r\n&nbsp;\r\n\r\n3.7: RISK versus REWARD ANALYSIS – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\"><img class=\"aligncenter size-full wp-image-6339\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-RISK-REWARD-31072015.png\" alt=\"PS RISK-REWARD 31072015\" width=\"431\" height=\"549\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.8: TRADING PROFIT / LOSS RATIO – JULY 2015 &amp; YEAR TO DATE:\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\"><img class=\"aligncenter size-full wp-image-6340\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PROFIT-LOSS-RATIO-31072015.png\" alt=\"PS PROFIT-LOSS RATIO 31072015\" width=\"413\" height=\"591\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n3.9: PIP PERFORMANCE ANALYSIS – COMPARISON 204 versus 2015:\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PIP-ANALYSIS-2015-2015.png\"><img class=\"aligncenter size-full wp-image-6341\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/PS-PIP-ANALYSIS-2015-2015.png\" alt=\"PS PIP ANALYSIS 2015-2015\" width=\"623\" height=\"534\" /></a> </strong>\r\n\r\n3.10: COMMENTS on 2015 PERFORMANCE so far:\r\n\r\nI think that the first comment that I have to make is that after the early year SNB - EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the markets this year in comparison to 2014 have changed. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\n&nbsp;\r\n\r\nThere is no <strong>Section 4 PREMIUM SERVICE</strong> exclusive content this week.\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong> MY FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n5.1: SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\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...one less thing to worry about!\r\n\r\nIf you really like my way of explaining things and maybe want to see if I can help you improve your Forex profitability subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\n5.2: THE LAST WORD:\r\n\r\nI am looking forward to a short break from trading and if you do not currently do the same, think about it. There is nothing quite like having ones batteries re-charged.\r\n\r\nIf however, you just cannot stop yourself and I completely get it, maybe trade smaller POSITION SIZES or use a demo account to try out new strategies. Longevity is the key to trading along with capital preservation so please do not risk either of these by foolishly placing your account at risk.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrive thru@weeklyfxdrivethru.com\r\nhttp://www.twitter.com/pipaccumulator\r\nhttp://www.google.com/+ScottPickering\r\nhttp://www.youtube.com/c/ScottPickering\r\nhttp://www.thepipaccumulator.tumblr.com\r\n\r\nVIEWS AND COMMENTS IN THIS BLOG:\r\nAll the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n\r\nTHIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:\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. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\nTRADING &amp; PERFORMANCES DISCLAIMER:\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\nCONTENT REFERENCE DATA:\r\nDATE: 31.07.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE FREE NEWSLETTER\r\nBLOG REFERENCE: #163','PREMIUM SERVICE JULY 2015 PERFORMANCE and YEAR TO DATE REVIEW','','inherit','open','closed','','6353-revision-v1','','','2015-08-01 12:00:06','2015-08-01 17:00:06','',6353,'https://weeklyfxdrivethru.com/6353-revision-v1/',0,'revision','',0),(6368,16,'2015-08-11 11:08:26','2015-08-11 16:08:26','<h2>THE WEEKLY FX DRIVE-THRU\nPREMIUM SERVICE</h2>\n<h3>VIEWS AND COMMENTS IN THIS BLOG:</h3>\n<p>All the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\n</p>\n<h3>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</h3>\n<p>There are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, www.weeklyfxdrivethru.com will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\n</p>\n<h3>TRADING &amp; PERFORMANCES DISCLAIMER:</h3>\n<p>FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</p>','Disclaimer','','inherit','open','closed','','2781-autosave-v1','','','2015-08-11 11:08:26','2015-08-11 16:08:26','',2781,'https://weeklyfxdrivethru.com/2781-autosave-v1/',0,'revision','',0),(6359,16,'2015-09-14 10:19:40','2015-09-14 15:19:40','<section class=\"one-sixth first\">\n<h4>Combined Trades Profit Summary Archives</h4>\nPip Comparisons 2015 versus 2014\n<div class=\"menu\"><a class=\"flashmenu-item\" href=\"#\">2015</a></div>\n</section><section class=\"five-sixths\">\n<div class=\"one-half first\">\n<h2>This Month\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PS-PROFITS1-12092015.png\"><img class=\"aligncenter size-full wp-image-6401\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PS-PROFITS1-12092015.png\" alt=\"PS PROFITS1 12092015\" width=\"462\" height=\"419\" /></a></h2>\n</div>\n\n<div class=\"one-half\">\n<h2>Year to date\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PS-PROFITS-2-12092015.png\"><img class=\"aligncenter size-full wp-image-6402\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PS-PROFITS-2-12092015.png\" alt=\"PS PROFITS 2 12092015\" width=\"459\" height=\"420\" /></a></h2>\n<h2>PREVIOUS YEARS</h2>\n<h2><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PERF2-31122014.png\"><img class=\"aligncenter size-full wp-image-4962\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PERF2-31122014.png\" alt=\"PREM SERV PERF2 31122014\" width=\"470\" height=\"426\" /></a></h2>\n</div>\n</section>','Combined Trades Profit Summary','','inherit','open','closed','','5000-autosave-v1','','','2015-09-14 10:19:40','2015-09-14 15:19:40','',5000,'https://weeklyfxdrivethru.com/5000-autosave-v1/',0,'revision','',0),(6369,16,'2015-08-11 11:08:28','2015-08-11 16:08:28','<h2>THE WEEKLY FX DRIVE-THRU\r\nPREMIUM SERVICE</h2>\r\n<h3>VIEWS AND COMMENTS IN THIS BLOG:</h3>\r\n<p>All the comments and views expressed in my blog are my thoughts and ideas only. They are based on my FUNDAMENTAL views of the markets and my thoughts on the individuals concerned on how they manage positions in the public domain. In addition, I have my own thoughts and views about what I think goes on behind closed doors. You should NOT base any trade ideas on my thoughts and views alone. As I have said on many occasions in my blog, I am a FUNDAMENTAL trader first, then a TECHNICAL trader second using chart analysis to establish what I believe to be excellent trade entry positions. However, you must make up your own mind and trade at your own risk deciding if the entry levels I refer to actually meet with your views and thoughts. This makes complete sense as the risk in trading your account is 100% owned by you.\r\n</p>\r\n<h3>THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</h3>\r\n<p>There are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, www.weeklyfxdrivethru.com will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n</p>\r\n<h3>TRADING &amp; PERFORMANCES DISCLAIMER:</h3>\r\n<p>FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</p>','Disclaimer','','inherit','open','closed','','2781-revision-v1','','','2015-08-11 11:08:28','2015-08-11 16:08:28','',2781,'https://weeklyfxdrivethru.com/2781-revision-v1/',0,'revision','',0),(6371,1,'2015-08-13 08:40:31','2015-08-13 13:40:31','I am still on vacation until 12<sup>th</sup> September 2015, however, I wanted to post again specifically about the PROMOTIONAL CAMPAIGNS that are running from now through to 30<sup>th</sup> September 2015.\r\n\r\nI am receiving lots of enquiries about the OPTIONS available and whilst administration is an important part of my trading routine, I do not see myself as an administrative person. Therefore, if there are traders out there who are interested in joining the PREMIUM SERVICE, I am hoping that I can have as many subscriptions with all administration completed before I need to focus 100% on the markets once again.\r\n\r\nBelow, I provide a snapshot overview at a macro level of total performance, plus some of the highlights / factors that I am looking at and will be focused on until the end of the year and these will refer to charts on my website. The website has much more data and if you still want more information please write to me.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\nEMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\nPROFIT from 466 trades = $774.30</p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\nPROFIT from 466 trades = $7,743.00</p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\nPROFIT from 466 trades = $77,430.00</p>\r\nI think that the first comment that I have to make is that after the early year SNB EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</p>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n<p style=\"text-align: center;\">PROMOTIONAL CAMPAIGNS:</p>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\">WITH MY PARTNER BROKER\r\nBLACKWELL GLOBAL</p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit USD $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value USD $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than USD $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value USD $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<p style=\"text-align: center;\">DIRECTLY WITH THE PREMIUM SERVICE\r\nDOUBLE UP!</p>\r\nOPTION C:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price USD $100.00\r\n\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at USD $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at USD $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at USD $295.00 you will receive 10 more weeks!\r\n\r\n&nbsp;\r\n\r\nFinally, the markets are certainly different than the past two years at this time; instead of watching paint dry there is actually volatility. Do not get suckered into a false sense of security, it is still vacation time and trading volumes are much thinner / lighter than normal. False breakouts / breakdowns are much more frequent in this type of environment\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #164','PREMIUM SERVICE FALL / AUTUMN PROMOTIONS  2015','','publish','open','closed','','premium-service-fall-autumn-promotions-2015','','','2015-08-25 03:18:44','2015-08-25 08:18:44','',0,'https://weeklyfxdrivethru.com/?p=6371',0,'post','',0),(6372,1,'2015-08-13 08:34:05','2015-08-13 13:34:05','I am still on vacation until 12<sup>th</sup> September 2015, however, I wanted to post again specifically about the PROMOTIONAL CAMPAIGNS that are running from now through to 30<sup>th</sup> September 2015.\r\n\r\nI am receiving lots of enquiries about the OPTIONS available and whilst administration is an important part of my trading routine, I do not see myself as an administrative person. Therefore, if there are traders out there who are interested in joining the PREMIUM SERVICE, I am hoping that I can have as many subscriptions with all administration completed before I need to focus 100% on the markets once again.\r\n\r\nBelow I provide a snapshot overview at a macro level of total performance, plus some of the highlights / factors that I am looking at and will be focused on until the end of the year and will refer to charts on my website. The website has much more data and if you still want more information please write to me.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\nEMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\nPROFIT from 466 trades = $774.30</p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\nPROFIT from 466 trades = $7,743.00</p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\nPROFIT from 466 trades = $77,430.00</p>\r\nI think that the first comment that I have to make is that after the early year SNB EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</p>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n<p style=\"text-align: center;\">PROMOTIONAL CAMPAIGNS:</p>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\">WITH MY PARTNER BROKER\r\nBLACKWELL GLOBAL</p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<p style=\"text-align: center;\">DIRECTLY WITH THE PREMIUM SERVICE\r\nDOUBLE UP!</p>\r\nOPTION C:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at $295.00 you will receive 10 more weeks!\r\n\r\n&nbsp;\r\n\r\nFinally, the markets are certainly different than the past two years at this time; instead of watching paint dry there is actually volatility. Do not get suckered into a false sense of security, it is still vacation time and trading volumes are much thinner / lighter than normal. False breakouts / breakdowns are much more frequent in this type of environment\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #164','PREMIUM SERVICE FALL / AUTUMN PROMOTIONS  2015','','inherit','open','closed','','6371-revision-v1','','','2015-08-13 08:34:05','2015-08-13 13:34:05','',6371,'https://weeklyfxdrivethru.com/6371-revision-v1/',0,'revision','',0),(6375,1,'2015-08-13 08:40:31','2015-08-13 13:40:31','I am still on vacation until 12<sup>th</sup> September 2015, however, I wanted to post again specifically about the PROMOTIONAL CAMPAIGNS that are running from now through to 30<sup>th</sup> September 2015.\r\n\r\nI am receiving lots of enquiries about the OPTIONS available and whilst administration is an important part of my trading routine, I do not see myself as an administrative person. Therefore, if there are traders out there who are interested in joining the PREMIUM SERVICE, I am hoping that I can have as many subscriptions with all administration completed before I need to focus 100% on the markets once again.\r\n\r\nBelow, I provide a snapshot overview at a macro level of total performance, plus some of the highlights / factors that I am looking at and will be focused on until the end of the year and these will refer to charts on my website. The website has much more data and if you still want more information please write to me.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\nEMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\nPROFIT from 466 trades = $774.30</p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\nPROFIT from 466 trades = $7,743.00</p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\nPROFIT from 466 trades = $77,430.00</p>\r\nI think that the first comment that I have to make is that after the early year SNB EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</p>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n<p style=\"text-align: center;\">PROMOTIONAL CAMPAIGNS:</p>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\">WITH MY PARTNER BROKER\r\nBLACKWELL GLOBAL</p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<p style=\"text-align: center;\">DIRECTLY WITH THE PREMIUM SERVICE\r\nDOUBLE UP!</p>\r\nOPTION C:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at $295.00 you will receive 10 more weeks!\r\n\r\n&nbsp;\r\n\r\nFinally, the markets are certainly different than the past two years at this time; instead of watching paint dry there is actually volatility. Do not get suckered into a false sense of security, it is still vacation time and trading volumes are much thinner / lighter than normal. False breakouts / breakdowns are much more frequent in this type of environment\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #164','PREMIUM SERVICE FALL / AUTUMN PROMOTIONS  2015','','inherit','open','closed','','6371-revision-v1','','','2015-08-13 08:40:31','2015-08-13 13:40:31','',6371,'https://weeklyfxdrivethru.com/6371-revision-v1/',0,'revision','',0),(6381,1,'2015-08-25 03:17:59','2015-08-25 08:17:59','I am still on vacation until 12<sup>th</sup> September 2015, however, I wanted to post again specifically about the PROMOTIONAL CAMPAIGNS that are running from now through to 30<sup>th</sup> September 2015.\n\nI am receiving lots of enquiries about the OPTIONS available and whilst administration is an important part of my trading routine, I do not see myself as an administrative person. Therefore, if there are traders out there who are interested in joining the PREMIUM SERVICE, I am hoping that I can have as many subscriptions with all administration completed before I need to focus 100% on the markets once again.\n\nBelow, I provide a snapshot overview at a macro level of total performance, plus some of the highlights / factors that I am looking at and will be focused on until the end of the year and these will refer to charts on my website. The website has much more data and if you still want more information please write to me.\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\nEMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</p>\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\nPROFIT from 466 trades = $774.30</p>\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\nPROFIT from 466 trades = $7,743.00</p>\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\nPROFIT from 466 trades = $77,430.00</p>\nI think that the first comment that I have to make is that after the early year SNB EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\n\nInitially, I always look at the bottom line. My immediate annual objectives are: -\n\nMICRO LOT TRADING profits of $1.000.00\nMINI LOT TRADING profits of $10,000.00\nand\nSTANDARD LOT TRADING profits of $100,000.00\n\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\n\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\n\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\n\n46 trades in total.\n39 were profitable trades (85%)\n7 were loss-making trades (15%)\n\nYear to Date the ratio is 73% versus 27%.\n\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\n\n512 trades in total in 2014 and already this year 466 trades.\n\nBased off MINI LOT trading: -\nIncome per trade in 2014 = $21.89.\nIncome per trade 2015 so far = $16.61.\n\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\n\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\n<p style=\"text-align: center;\">PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</p>\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\n\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\n<ul>\n	<li>3 options on subscription periods.</li>\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\n</ul>\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\n(Please note that PayPal works in months NOT weeks)\n\n10 weeks / 3 months:               USD $295.00\n20 weeks / 6 months:               USD $495.00\n40 weeks / 12 months:             USD $795.00\n\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\n<ul>\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\n</ul>\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\n(Please note that PayPal works in months NOT weeks)\n\n4 weeks / 1 month:                    USD $100.00\n<p style=\"text-align: center;\">PROMOTIONAL CAMPAIGNS:</p>\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\n<p style=\"text-align: center;\">WITH MY PARTNER BROKER\nBLACKWELL GLOBAL</p>\nOPTION A:\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit USD $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value USD $795.00.\n\nOPTION B:\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than USD $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value USD $600.00.\n\nNOTE:\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\n<p style=\"text-align: center;\">DIRECTLY WITH THE PREMIUM SERVICE\nDOUBLE UP!</p>\nOPTION C:\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\n\n4 weeks SILVER you will get 8 weeks subscription for the same price USD $100.00\n\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\n\nSign up for one year at USD $795.00 you will receive a bonus year free of charge.\nSign up for 20 weeks at USD $495.00 you will receive an additional 20 weeks bonus.\nSign up for just 10 weeks at USD $295.00 you will receive 10 more weeks!\n\n&nbsp;\n\nFinally, the markets are certainly different than the past two years at this time; instead of watching paint dry there is actually volatility. Do not get suckered into a false sense of security, it is still vacation time and trading volumes are much thinner / lighter than normal. False breakouts / breakdowns are much more frequent in this type of environment\n\nScott Pickering\nThe Pip Accumulator\nhttps://weeklyfxdrivethru.com/disclaimer/\nBLOG REF: #164','PREMIUM SERVICE FALL / AUTUMN PROMOTIONS  2015','','inherit','closed','closed','','6371-autosave-v1','','','2015-08-25 03:17:59','2015-08-25 08:17:59','',6371,'https://weeklyfxdrivethru.com/6371-autosave-v1/',0,'revision','',0),(6382,1,'2015-08-25 03:18:19','2015-08-25 08:18:19','I am still on vacation until 12<sup>th</sup> September 2015, however, I wanted to post again specifically about the PROMOTIONAL CAMPAIGNS that are running from now through to 30<sup>th</sup> September 2015.\r\n\r\nI am receiving lots of enquiries about the OPTIONS available and whilst administration is an important part of my trading routine, I do not see myself as an administrative person. Therefore, if there are traders out there who are interested in joining the PREMIUM SERVICE, I am hoping that I can have as many subscriptions with all administration completed before I need to focus 100% on the markets once again.\r\n\r\nBelow, I provide a snapshot overview at a macro level of total performance, plus some of the highlights / factors that I am looking at and will be focused on until the end of the year and these will refer to charts on my website. The website has much more data and if you still want more information please write to me.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\nEMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\nPROFIT from 466 trades = $774.30</p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\nPROFIT from 466 trades = $7,743.00</p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\nPROFIT from 466 trades = $77,430.00</p>\r\nI think that the first comment that I have to make is that after the early year SNB EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</p>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n<p style=\"text-align: center;\">PROMOTIONAL CAMPAIGNS:</p>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\">WITH MY PARTNER BROKER\r\nBLACKWELL GLOBAL</p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit USD $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value USD $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than USD $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value USD $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<p style=\"text-align: center;\">DIRECTLY WITH THE PREMIUM SERVICE\r\nDOUBLE UP!</p>\r\nOPTION C:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price USD $100.00\r\n\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at USD $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at USD $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at USD $295.00 you will receive 10 more weeks!\r\n\r\n&nbsp;\r\n\r\nFinally, the markets are certainly different than the past two years at this time; instead of watching paint dry there is actually volatility. Do not get suckered into a false sense of security, it is still vacation time and trading volumes are much thinner / lighter than normal. False breakouts / breakdowns are much more frequent in this type of environment\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #164','PREMIUM SERVICE FALL / AUTUMN PROMOTIONS  2015','','inherit','closed','closed','','6371-revision-v1','','','2015-08-25 03:18:19','2015-08-25 08:18:19','',6371,'https://weeklyfxdrivethru.com/6371-revision-v1/',0,'revision','',0),(6383,1,'2015-08-25 03:18:44','2015-08-25 08:18:44','I am still on vacation until 12<sup>th</sup> September 2015, however, I wanted to post again specifically about the PROMOTIONAL CAMPAIGNS that are running from now through to 30<sup>th</sup> September 2015.\r\n\r\nI am receiving lots of enquiries about the OPTIONS available and whilst administration is an important part of my trading routine, I do not see myself as an administrative person. Therefore, if there are traders out there who are interested in joining the PREMIUM SERVICE, I am hoping that I can have as many subscriptions with all administration completed before I need to focus 100% on the markets once again.\r\n\r\nBelow, I provide a snapshot overview at a macro level of total performance, plus some of the highlights / factors that I am looking at and will be focused on until the end of the year and these will refer to charts on my website. The website has much more data and if you still want more information please write to me.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):\r\nEMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</p>\r\n<p style=\"text-align: center;\">MICRO LOT TRADER - 466 trades cost to trade = $46.60\r\nPROFIT from 466 trades = $774.30</p>\r\n<p style=\"text-align: center;\">MINI LOT TRADER – 466 trades cost to trade = $466.00\r\nPROFIT from 466 trades = $7,743.00</p>\r\n<p style=\"text-align: center;\">STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00\r\nPROFIT from 466 trades = $77,430.00</p>\r\nI think that the first comment that I have to make is that after the early year SNB EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n<p style=\"text-align: center;\">PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</p>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n<p style=\"text-align: center;\">PROMOTIONAL CAMPAIGNS:</p>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<p style=\"text-align: center;\">WITH MY PARTNER BROKER\r\nBLACKWELL GLOBAL</p>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit USD $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value USD $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than USD $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value USD $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<p style=\"text-align: center;\">DIRECTLY WITH THE PREMIUM SERVICE\r\nDOUBLE UP!</p>\r\nOPTION C:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n\r\n4 weeks SILVER you will get 8 weeks subscription for the same price USD $100.00\r\n\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at USD $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at USD $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at USD $295.00 you will receive 10 more weeks!\r\n\r\n&nbsp;\r\n\r\nFinally, the markets are certainly different than the past two years at this time; instead of watching paint dry there is actually volatility. Do not get suckered into a false sense of security, it is still vacation time and trading volumes are much thinner / lighter than normal. False breakouts / breakdowns are much more frequent in this type of environment\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #164','PREMIUM SERVICE FALL / AUTUMN PROMOTIONS  2015','','inherit','closed','closed','','6371-revision-v1','','','2015-08-25 03:18:44','2015-08-25 08:18:44','',6371,'https://weeklyfxdrivethru.com/6371-revision-v1/',0,'revision','',0),(6385,1,'2015-08-27 05:48:47','2015-08-27 10:48:47','<h3 style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU</strong>\r\n<strong>and</strong>\r\n<strong>PREMIUM SERVICE FALL / AUTUMN PROMOTIONS</strong>\r\n<strong>2015</strong></h3>\r\nWhilst in the final days of my break for the summer, it became impossible for me not to get caught up in the China slowdown and recent market volatility. Whilst I did not trade, it was absolutely fascinating to watch and as a result, my break will be shorter than anticipated as basically I am getting back into the groove once again.\r\n\r\nWhilst the next revised formatted WEEKLY FX DRIVE THRU blog will still be published on the 12<sup>th</sup> September 2015, trading will commence, albeit at an entry level (slow) pace as early as next week, and, I fully expect to be at 100% before the 12<sup>th</sup> September and, not gathering speed as is the usual occurrence when returning from a vacation / holiday.\r\n\r\nMy reason for writing this, is that for those of you, whether in my Drive Thru newsletter, Twitter, LinkedIn, Google+, Tumblr, Facebook feeds or any of the followers of Forex blogs to which I contribute to who are thinking about subscribing to the PREMIUM SERVICE, now would be the time to take advantage of the special promotions in place. If this is on your mind and you want to be in position as I start trading again, now is the time to subscribe and be set up ready to go.\r\n\r\nFull details of the PROMOTIONS are included in this blog along with some other snippets of supporting data. Obviously more details are on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nBelow I provide a snapshot overview at a macro level of total performance this year so far up to the end of July, when I stopped trading for my summer break. In addition, I have added some of the highlights / factors that I am looking at and will be focused on until the end of the year and will refer to charts on my website. The website has much more data and if you still want more information please write to me using one of the options available through my website.\r\n<p style=\"text-align: center;\"><strong>PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</strong>\r\n<strong>EMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</strong></p>\r\n<p style=\"text-align: center;\"><strong>MICRO LOT TRADER - 466 trades cost to trade = $46.60</strong>\r\n<strong> PROFIT from 466 trades = $774.30</strong></p>\r\n<p style=\"text-align: center;\"><strong>MINI LOT TRADER – 466 trades cost to trade = $466.00</strong>\r\n<strong> PROFIT from 466 trades = $7,743.00</strong></p>\r\n<p style=\"text-align: center;\"><strong>STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00</strong>\r\n<strong> PROFIT from 466 trades = $77,430.00</strong></p>\r\nI think that the first comment that I have to make is that after the early year SNB, EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n\r\n<strong> </strong>\r\n<h3 style=\"text-align: center;\"><strong>PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</strong></h3>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n<h3 style=\"text-align: center;\"><strong>PROMOTIONAL CAMPAIGNS:</strong></h3>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<h4><strong>WITH MY PARTNER BROKER</strong>\r\n<strong> BLACKWELL GLOBAL</strong></h4>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<h4></h4>\r\n<h4><strong>DIRECTLY WITH THE PREMIUM SERVICE</strong>\r\n<strong> DOUBLE UP!</strong></h4>\r\nOPTION C:\r\n\r\nSILVER:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n\r\nGOLD:\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at $295.00 you will receive 10 more weeks!\r\n\r\nNOTE:\r\n<ul>\r\n	<li>A 10-week GOLD subscription would give you under the FALL PROMOTION 20 weeks of the PREMIUM SERVICE.</li>\r\n	<li>This subscription if entered into prior to September 12<sup>th</sup> would end on February 28<span style=\"font-size: small;\"><span style=\"line-height: 20px;\">th\r\n</span></span></li>\r\n	<li>The subscription would hopefully be a boost of finances into the year-end but also it would start off next year with full support as well.</li>\r\n	<li>Is it not worth considering?</li>\r\n</ul>\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #165','THE WEEKLY FX DRIVE THRU IS BACK SOON...','','publish','open','closed','','the-weekly-fx-drive-thru-is-back-soon','','','2015-08-27 05:48:47','2015-08-27 10:48:47','',0,'https://weeklyfxdrivethru.com/?p=6385',0,'post','',0),(6386,1,'2015-08-27 05:47:57','2015-08-27 10:47:57','<h3 style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU</strong>\r\n<strong>and</strong>\r\n<strong>PREMIUM SERVICE FALL / AUTUMN PROMOTIONS</strong>\r\n<strong>2015</strong></h3>\r\nWhilst in the final days of my break for the summer, it became impossible for me not to get caught up in the China slowdown and recent market volatility. Whilst I did not trade, it was absolutely fascinating to watch and as a result, my break will be shorter than anticipated as basically I am getting back into the groove once again.\r\n\r\nWhilst the next revised formatted WEEKLY FX DRIVE THRU blog will still be published on the 12<sup>th</sup> September 2015, trading will commence, albeit at an entry level (slow) pace as early as next week, and, I fully expect to be at 100% before the 12<sup>th</sup> September and, not gathering speed as is the usual occurrence when returning from a vacation / holiday.\r\n\r\nMy reason for writing this, is that for those of you, whether in my Drive Thru newsletter, Twitter, LinkedIn, Google+, Tumblr, Facebook feeds or any of the followers of Forex blogs to which I contribute to who are thinking about subscribing to the PREMIUM SERVICE, now would be the time to take advantage of the special promotions in place. If this is on your mind and you want to be in position as I start trading again, now is the time to subscribe and be set up ready to go.\r\n\r\nFull details of the PROMOTIONS are included in this blog along with some other snippets of supporting data. Obviously more details are on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nBelow I provide a snapshot overview at a macro level of total performance this year so far up to the end of July, when I stopped trading for my summer break. In addition, I have added some of the highlights / factors that I am looking at and will be focused on until the end of the year and will refer to charts on my website. The website has much more data and if you still want more information please write to me using one of the options available through my website.\r\n<p style=\"text-align: center;\"><strong>PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</strong>\r\n<strong>EMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</strong></p>\r\n<p style=\"text-align: center;\"><strong>MICRO LOT TRADER - 466 trades cost to trade = $46.60</strong>\r\n<strong> PROFIT from 466 trades = $774.30</strong></p>\r\n<p style=\"text-align: center;\"><strong>MINI LOT TRADER – 466 trades cost to trade = $466.00</strong>\r\n<strong> PROFIT from 466 trades = $7,743.00</strong></p>\r\n<p style=\"text-align: center;\"><strong>STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00</strong>\r\n<strong> PROFIT from 466 trades = $77,430.00</strong></p>\r\nI think that the first comment that I have to make is that after the early year SNB, EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n\r\n<strong> </strong>\r\n<h3 style=\"text-align: center;\"><strong>PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</strong></h3>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n<h3 style=\"text-align: center;\"><strong>PROMOTIONAL CAMPAIGNS:</strong></h3>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<h4><strong>WITH MY PARTNER BROKER</strong>\r\n<strong> BLACKWELL GLOBAL</strong></h4>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<h4></h4>\r\n<h4><strong>DIRECTLY WITH THE PREMIUM SERVICE</strong>\r\n<strong> DOUBLE UP!</strong></h4>\r\nOPTION C:\r\n\r\nSILVER:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n\r\nGOLD:\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at $295.00 you will receive 10 more weeks!\r\n\r\nNOTE:\r\n<ul>\r\n	<li>A 10-week GOLD subscription would give you under the FALL PROMOTION 20 weeks of the PREMIUM SERVICE.</li>\r\n	<li>This subscription if entered into prior to September 12<sup>th</sup> would end on February 28<span style=\"font-size: small;\"><span style=\"line-height: 20px;\">th\r\n</span></span></li>\r\n	<li>The subscription would hopefully be a boost of finances into the year-end but also it would start off next year with full support as well.</li>\r\n	<li>Is it not worth considering?</li>\r\n</ul>\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #165','','','inherit','closed','closed','','6385-revision-v1','','','2015-08-27 05:47:57','2015-08-27 10:47:57','',6385,'https://weeklyfxdrivethru.com/6385-revision-v1/',0,'revision','',0),(6387,1,'2015-08-27 05:48:47','2015-08-27 10:48:47','<h3 style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU</strong>\r\n<strong>and</strong>\r\n<strong>PREMIUM SERVICE FALL / AUTUMN PROMOTIONS</strong>\r\n<strong>2015</strong></h3>\r\nWhilst in the final days of my break for the summer, it became impossible for me not to get caught up in the China slowdown and recent market volatility. Whilst I did not trade, it was absolutely fascinating to watch and as a result, my break will be shorter than anticipated as basically I am getting back into the groove once again.\r\n\r\nWhilst the next revised formatted WEEKLY FX DRIVE THRU blog will still be published on the 12<sup>th</sup> September 2015, trading will commence, albeit at an entry level (slow) pace as early as next week, and, I fully expect to be at 100% before the 12<sup>th</sup> September and, not gathering speed as is the usual occurrence when returning from a vacation / holiday.\r\n\r\nMy reason for writing this, is that for those of you, whether in my Drive Thru newsletter, Twitter, LinkedIn, Google+, Tumblr, Facebook feeds or any of the followers of Forex blogs to which I contribute to who are thinking about subscribing to the PREMIUM SERVICE, now would be the time to take advantage of the special promotions in place. If this is on your mind and you want to be in position as I start trading again, now is the time to subscribe and be set up ready to go.\r\n\r\nFull details of the PROMOTIONS are included in this blog along with some other snippets of supporting data. Obviously more details are on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nBelow I provide a snapshot overview at a macro level of total performance this year so far up to the end of July, when I stopped trading for my summer break. In addition, I have added some of the highlights / factors that I am looking at and will be focused on until the end of the year and will refer to charts on my website. The website has much more data and if you still want more information please write to me using one of the options available through my website.\r\n<p style=\"text-align: center;\"><strong>PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</strong>\r\n<strong>EMANATING FROM ALL COMPLETED TRADE SET-UPS to 31<sup>st</sup> July 2015.</strong></p>\r\n<p style=\"text-align: center;\"><strong>MICRO LOT TRADER - 466 trades cost to trade = $46.60</strong>\r\n<strong> PROFIT from 466 trades = $774.30</strong></p>\r\n<p style=\"text-align: center;\"><strong>MINI LOT TRADER – 466 trades cost to trade = $466.00</strong>\r\n<strong> PROFIT from 466 trades = $7,743.00</strong></p>\r\n<p style=\"text-align: center;\"><strong>STANDARD LOT TRADER - 466 trades cost to trade = $4,660.00</strong>\r\n<strong> PROFIT from 466 trades = $77,430.00</strong></p>\r\nI think that the first comment that I have to make is that after the early year SNB, EUR/CHF peg removal and the ensuing days of market squeezes that followed, I never thought that the PREMIUM SERVICE would be in its current position. Secondly, given the fact that for 7 out of the last 10 weeks I have been operating on a “light trading” format due to GREECE, THE FED and other geopolitical headlines dominating sentiment, so to be where the PREMIUM SERVICE is now is very encouraging and I feel 100% vindicated in my cautious approach and outlook.\r\n\r\nInitially, I always look at the bottom line. My immediate annual objectives are: -\r\n\r\nMICRO LOT TRADING profits of $1.000.00\r\nMINI LOT TRADING profits of $10,000.00\r\nand\r\nSTANDARD LOT TRADING profits of $100,000.00\r\n\r\nAs of 31<sup>st</sup> July the PREMIUM SERVICE is 77.43% towards that objective with 4 months left. We are ahead of target by quite a large margin when you break this into monthly objectives. I am very happy.\r\n\r\nWith reference to pip generation this year in comparison to 2014 at the same time, we are over 2,000 pips ahead in profitability.\r\n\r\nIn the month of July it was the strongest month this year with regards to Profit / Loss trade ratios: -\r\n\r\n46 trades in total.\r\n39 were profitable trades (85%)\r\n7 were loss-making trades (15%)\r\n\r\nYear to Date the ratio is 73% versus 27%.\r\n\r\nAs I have written about practically all year, the market this year in comparison to 2014 has changed quite dramatically. I have had to be more active with trades. The ratios of Limit order entry trades (RADAR &amp; FUNDAMENTAL) versus active trades (FLASH) is virtually the same 2014 versus 2015 to date, but the number of trades is greater this year in comparison to last year.\r\n\r\n512 trades in total in 2014 and already this year 466 trades.\r\n\r\nBased off MINI LOT trading: -\r\nIncome per trade in 2014 = $21.89.\r\nIncome per trade 2015 so far = $16.61.\r\n\r\nThese numbers back up my comments all year in my blog about being more savvy on grabbing $$$ as we have not been operating in directional markets and due to the increased volatility this year in comparison to 2014 we had to adapt our trading styles.\r\n\r\nThe full PREMIUM SERVICE performance which spreadsheets and lots of supporting data for this year through to the end of July 2015 is posted on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> on my landing page under the tab PREMIUM SERVICE.\r\n\r\n<strong> </strong>\r\n<h3 style=\"text-align: center;\"><strong>PREMIUM SERVICE PROMOTIONS – FALL / AUTUMN 2015:</strong></h3>\r\nBelow I provide an overview of the GOLD and SILVER subscription options and pricing followed by the promotions in place until 30<sup>th</sup> September 2015.\r\n\r\nGOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>3 options on subscription periods.</li>\r\n	<li>100% access to the PREMIUM SERVICE area of my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>\r\n	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>\r\n	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n	<li>My thoughts and comments on market conditions via twitter and/or email.</li>\r\n</ul>\r\nGOLD MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n10 weeks / 3 months:               USD $295.00\r\n20 weeks / 6 months:               USD $495.00\r\n40 weeks / 12 months:             USD $795.00\r\n\r\nSILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:\r\n<ul>\r\n	<li>Simple 4 weekly (monthly) membership pricing.</li>\r\n	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>\r\n	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>\r\n	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>\r\n	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a></li>\r\n</ul>\r\nSILVER MEMBER SUBSCRIPTION OPTION PRICING:\r\n(Please note that PayPal works in months NOT weeks)\r\n\r\n4 weeks / 1 month:                    USD $100.00\r\n\r\n&nbsp;\r\n<h3 style=\"text-align: center;\"><strong>PROMOTIONAL CAMPAIGNS:</strong></h3>\r\nBoth of the following campaigns are in place until the 30<sup>th</sup> September 2015.\r\n<h4><strong>WITH MY PARTNER BROKER</strong>\r\n<strong> BLACKWELL GLOBAL</strong></h4>\r\nOPTION A:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit $10,000.00 or more in your account and actively trade your account (minimum 8 trades per month) and you will receive a one year free subscription to the PREMIUM SERVICE GOLD subscription level, value $795.00.\r\n\r\nOPTION B:\r\nOpen up a LIVE FX trading account with BLACKWELL GLOBAL using the link on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and deposit less than $10,000.00 in your account and actively trade your account (minimum 8 trades per month) and you will receive six months free subscription to the PREMIUM SERVICE SILVER subscription level, value $600.00.\r\n\r\nNOTE:\r\nEven if you already have an existing FX Broker relationship there is nothing to stop you having an additional broker. If you want to keep the PREMIUM SERVICE trades separate from your own trades this is an ideal way to benefit from an additional broker account.\r\n<h4></h4>\r\n<h4><strong>DIRECTLY WITH THE PREMIUM SERVICE</strong>\r\n<strong> DOUBLE UP!</strong></h4>\r\nOPTION C:\r\n\r\nSILVER:\r\nWhether you subscribe to a SILVER or GOLD level subscription I will match your subscription.\r\n4 weeks SILVER you will get 8 weeks subscription for the same price $100.00\r\n\r\nGOLD:\r\n10, 20 or 40 weeks subscriptions to the GOLD level means that I will double your subscription period.\r\n\r\nSign up for one year at $795.00 you will receive a bonus year free of charge.\r\nSign up for 20 weeks at $495.00 you will receive an additional 20 weeks bonus.\r\nSign up for just 10 weeks at $295.00 you will receive 10 more weeks!\r\n\r\nNOTE:\r\n<ul>\r\n	<li>A 10-week GOLD subscription would give you under the FALL PROMOTION 20 weeks of the PREMIUM SERVICE.</li>\r\n	<li>This subscription if entered into prior to September 12<sup>th</sup> would end on February 28<span style=\"font-size: small;\"><span style=\"line-height: 20px;\">th\r\n</span></span></li>\r\n	<li>The subscription would hopefully be a boost of finances into the year-end but also it would start off next year with full support as well.</li>\r\n	<li>Is it not worth considering?</li>\r\n</ul>\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttps://weeklyfxdrivethru.com/disclaimer/\r\nBLOG REF: #165','THE WEEKLY FX DRIVE THRU IS BACK SOON...','','inherit','closed','closed','','6385-revision-v1','','','2015-08-27 05:48:47','2015-08-27 10:48:47','',6385,'https://weeklyfxdrivethru.com/6385-revision-v1/',0,'revision','',0),(6396,1,'2015-08-30 12:26:56','2015-08-30 17:26:56','<p style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong></p>\r\n<p style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></p>\r\n&nbsp;\r\n\r\nAs mentioned on twitter and via email late last week, I am now starting to pick up on the markets and I have been researching and looking at some charts, in particular the USD majors.\r\n\r\nThis is not an official “DRIVE THRU” blog but just for my GOLD subscribers some charts outlining my initial thoughts.\r\n\r\nAll my comments and thoughts are detailed on the charts below. I have looked at a lot of cross-rate charts as well and there are opportunities with these pairs as well. This week is huge on high profile news events and ends with NFP (US Non Farm Payrolls), so I will be probably pick up speed next week after the dust has settled, although I do want to dip my toes in the water this week.\r\n\r\nMy FUNDAMENTAL views have not altered since my last blog in July, and frankly, these will only change should the FED turn dovish at the September meeting.\r\n\r\nIf the U.S. economy cannot stomach a 0.25% base rate increase after 7 years being at zero never mind GOD BLESS AMERICA it’s more like GOD HELP AMERICA. The public and the markets will start believing that all the data produced is just as questionable as China’s data. We shall see. In the interim, I am still as before my trading break bullish the USD.\r\n\r\nIn the coming sessions I will be more active on twitter.\r\n\r\nFor those subscribers to “GOLD” who are still non-twitter users, and there are quite a few, please think seriously about signing up to the @ThePremService. Just ignore ALL other communications you may receive from Twitter. You will then receive everything that I produce. I really do understand your fears about social networks but please give thoughts to just limiting your exposure to me and nothing else. I DO NOT and WILL NOT give or sell to third parties your personal data, I guarantee it.\r\n\r\nMy sole goal is that I want all my subscribers to receive as much information as possible to support their trading activity, nothing else.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6393\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURUSD-240M-300815-1024x541.png\" alt=\"EURUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/GBPUSD-D-300815.png\"><img class=\"aligncenter size-large wp-image-6392\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/GBPUSD-D-300815-1024x541.png\" alt=\"GBPUSD D 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/AUDUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6395\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/AUDUSD-240M-300815-1024x541.png\" alt=\"AUDUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/NZDUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6391\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/NZDUSD-240M-300815-1024x541.png\" alt=\"NZDUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCAD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6390\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCAD-240M-300815-1024x541.png\" alt=\"USDCAD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCHF-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6389\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCHF-240M-300815-1024x541.png\" alt=\"USDCHF 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDJPY-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6388\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDJPY-240M-300815-1024x541.png\" alt=\"USDJPY 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURGBP-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6394\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURGBP-240M-300815-1024x541.png\" alt=\"EURGBP 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttp://www.weeklyfxdrivethru.com/disclaimer/\r\n\r\nBLOG DATA:\r\nDATE: 30.08.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE (GOLD)\r\nBLOG REFERENCE: #70\r\n\r\n&nbsp;','MY INITIAL LOOK AT CHARTS  WITH TRADE THOUGHTS','','publish','open','closed','','my-initial-look-at-charts-with-trade-thoughts','','','2015-08-30 12:26:56','2015-08-30 17:26:56','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=6396',0,'member_posts','',2),(6397,1,'2015-08-30 12:26:04','2015-08-30 17:26:04','<p style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong></p>\r\n<p style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></p>\r\nAs mentioned on twitter and via email late last week, I am now starting to pick up on the markets and I have been researching and looking at some charts, in particular the USD majors.\r\n\r\nThis is not an official “DRIVE THRU” blog but just for my GOLD subscribers some charts outlining my initial thoughts.\r\n\r\nAll my comments and thoughts are detailed on the charts below. I have looked at a lot of cross-rate charts as well and there are opportunities with these pairs as well. This week is huge on high profile news events and ends with NFP (US Non Farm Payrolls), so I will be probably pick up speed next week after the dust has settled, although I do want to dip my toes in the water this week.\r\n\r\nMy FUNDAMENTAL views have not altered since my last blog in July, and frankly, these will only change should the FED turn dovish at the September meeting.\r\n\r\nIf the U.S. economy cannot stomach a 0.25% base rate increase after 7 years being at zero never mind GOD BLESS AMERICA it’s more like GOD HELP AMERICA. The public and the markets will start believing that all the data produced is just as questionable as China’s data. We shall see. In the interim, I am still as before my trading break bullish the USD.\r\n\r\nIn the coming sessions I will be more active on twitter.\r\n\r\nFor those subscribers to “GOLD” who are still non-twitter users, and there are quite a few, please think seriously about signing up to the @ThePremService. Just ignore ALL other communications you may receive from Twitter. You will then receive everything that I produce. I really do understand your fears about social networks but please give thoughts to just limiting your exposure to me and nothing else. I DO NOT and WILL NOT give or sell to third parties your personal data, I guarantee it.\r\n\r\nMy sole goal is that I want all my subscribers to receive as much information as possible to support their trading activity, nothing else.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6393\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURUSD-240M-300815-1024x541.png\" alt=\"EURUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/GBPUSD-D-300815.png\"><img class=\"aligncenter size-large wp-image-6392\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/GBPUSD-D-300815-1024x541.png\" alt=\"GBPUSD D 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/AUDUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6395\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/AUDUSD-240M-300815-1024x541.png\" alt=\"AUDUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/NZDUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6391\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/NZDUSD-240M-300815-1024x541.png\" alt=\"NZDUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCAD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6390\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCAD-240M-300815-1024x541.png\" alt=\"USDCAD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCHF-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6389\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCHF-240M-300815-1024x541.png\" alt=\"USDCHF 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDJPY-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6388\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDJPY-240M-300815-1024x541.png\" alt=\"USDJPY 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURGBP-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6394\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURGBP-240M-300815-1024x541.png\" alt=\"EURGBP 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttp://www.weeklyfxdrivethru.com/disclaimer/\r\n\r\nBLOG DATA:\r\nDATE: 30.08.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE (GOLD)\r\nBLOG REFERENCE: #70\r\n\r\n&nbsp;','MY INITIAL LOOK AT CHARTS  WITH TRADE THOUGHTS','','inherit','closed','closed','','6396-revision-v1','','','2015-08-30 12:26:04','2015-08-30 17:26:04','',6396,'https://weeklyfxdrivethru.com/6396-revision-v1/',0,'revision','',0),(6398,1,'2015-08-30 12:26:56','2015-08-30 17:26:56','<p style=\"text-align: center;\"><strong>THE WEEKLY FX DRIVE THRU\r\n“THE PREMIUM SERVICE”</strong></p>\r\n<p style=\"text-align: center;\"><strong>The Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</strong></p>\r\n&nbsp;\r\n\r\nAs mentioned on twitter and via email late last week, I am now starting to pick up on the markets and I have been researching and looking at some charts, in particular the USD majors.\r\n\r\nThis is not an official “DRIVE THRU” blog but just for my GOLD subscribers some charts outlining my initial thoughts.\r\n\r\nAll my comments and thoughts are detailed on the charts below. I have looked at a lot of cross-rate charts as well and there are opportunities with these pairs as well. This week is huge on high profile news events and ends with NFP (US Non Farm Payrolls), so I will be probably pick up speed next week after the dust has settled, although I do want to dip my toes in the water this week.\r\n\r\nMy FUNDAMENTAL views have not altered since my last blog in July, and frankly, these will only change should the FED turn dovish at the September meeting.\r\n\r\nIf the U.S. economy cannot stomach a 0.25% base rate increase after 7 years being at zero never mind GOD BLESS AMERICA it’s more like GOD HELP AMERICA. The public and the markets will start believing that all the data produced is just as questionable as China’s data. We shall see. In the interim, I am still as before my trading break bullish the USD.\r\n\r\nIn the coming sessions I will be more active on twitter.\r\n\r\nFor those subscribers to “GOLD” who are still non-twitter users, and there are quite a few, please think seriously about signing up to the @ThePremService. Just ignore ALL other communications you may receive from Twitter. You will then receive everything that I produce. I really do understand your fears about social networks but please give thoughts to just limiting your exposure to me and nothing else. I DO NOT and WILL NOT give or sell to third parties your personal data, I guarantee it.\r\n\r\nMy sole goal is that I want all my subscribers to receive as much information as possible to support their trading activity, nothing else.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6393\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURUSD-240M-300815-1024x541.png\" alt=\"EURUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/GBPUSD-D-300815.png\"><img class=\"aligncenter size-large wp-image-6392\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/GBPUSD-D-300815-1024x541.png\" alt=\"GBPUSD D 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/AUDUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6395\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/AUDUSD-240M-300815-1024x541.png\" alt=\"AUDUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/NZDUSD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6391\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/NZDUSD-240M-300815-1024x541.png\" alt=\"NZDUSD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCAD-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6390\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCAD-240M-300815-1024x541.png\" alt=\"USDCAD 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCHF-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6389\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDCHF-240M-300815-1024x541.png\" alt=\"USDCHF 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDJPY-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6388\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/USDJPY-240M-300815-1024x541.png\" alt=\"USDJPY 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURGBP-240M-300815.png\"><img class=\"aligncenter size-large wp-image-6394\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/08/EURGBP-240M-300815-1024x541.png\" alt=\"EURGBP 240M 300815\" width=\"1024\" height=\"541\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nhttp://www.weeklyfxdrivethru.com/disclaimer/\r\n\r\nBLOG DATA:\r\nDATE: 30.08.2015\r\nBLOG FORMAT/ VERSION / AUDIENCE: THE PREMIUM SERVICE (GOLD)\r\nBLOG REFERENCE: #70\r\n\r\n&nbsp;','MY INITIAL LOOK AT CHARTS  WITH TRADE THOUGHTS','','inherit','closed','closed','','6396-revision-v1','','','2015-08-30 12:26:56','2015-08-30 17:26:56','',6396,'https://weeklyfxdrivethru.com/6396-revision-v1/',0,'revision','',0),