(4495,1,'2014-10-04 14:17:20','2014-10-04 19:17:20','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWhat a week the last week was. There was so much anticipation and planning involved on trades and risk exposure ahead of the ECB and NFP.\r\n\r\nDraghi wasted a huge amount of my preparation time and efforts to have my TRADING PLAN options ready on Thursday for the ECB Press Conference, with the actual reality of the event being what I can only describe very politely as a wasteofeffingtime.com. His presentation was so wet; it was wetter than the wettest fish ever caught from the deepest and wettest part of the ocean. He delivered bugger all, wasted everyone’s time and showed the world for once and all that he and the ECB are puppets of Berlin. There can now be no confusion or belief otherwise.\r\n\r\nNon-Farm payrolls provided a pretty good number yesterday (3<sup>rd</sup> October) and the USD strength came flushing through the Forex market like a hot knife through butter. Key support and resistance levels were tested and I believe that this sets us Forex traders up perfectly for the coming weeks. I see no reason now why we should not be directional for some time. This is great news. In fact, it’s brilliant news. I think in seven years of trading I can only remember true directional trading maybe four, or five times…. happy days ahead…I hope!!\r\n\r\nTwo weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <strong><span style=\"color: #3366ff;\">BLUE BOLD (27<sup>th</sup> September).</span></strong><strong> </strong>\r\n\r\nFrom last week to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <span style=\"text-decoration: underline;\"><strong>none</strong></span> of my original dominoes left now.\r\n\r\n&nbsp;\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em><em> </em>\r\n\r\n<span style=\"color: #3366ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em><span style=\"color: #3366ff;\"> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong></span>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.\r\n</em></strong></span><em>\r\n<strong><span style=\"color: #3366ff;\">COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</span>\r\n</strong></em>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong></span><strong><em>\r\n</em></strong><em>\r\n<span style=\"color: #3366ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #3366ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nThe only caveat I have now, based upon the above is that we may have to have a few days consolidation before the next leg lower.\r\n\r\nUse the EUR/USD as the key indicator regarding the size of the move. But, as always AUD/USD and USD/CAD commodity currencies are the lead indicators along with “The Holy Trinity” of GOLD, OIL and COPPER.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA great trading end of the third quarter, with the results to 30<sup>th</sup> September being: -\r\n\r\nMICRO LOTS – cost of trades $37.30 - PROFIT $ 802.50\r\nMINI LOTS – cost of trades $373.00 - PROFIT $8,025.00\r\nSTANDARD LOTS – cost of trades $3,730.00 - PROFIT $ 80,260.00\r\n\r\n(All from single lot trades total of 373 trades 2014 to date)\r\n\r\nThe PREMIUM SERVICE really caters for all types of traders and all sizes of wallets.\r\n\r\nThe first three days of October summarized below are showing a continuation of the great September performance continuing.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\"><img class=\"aligncenter size-full wp-image-4486\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\" alt=\"PREM SEWRVICE PROFITS1 04102014\" width=\"447\" height=\"421\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\"><img class=\"aligncenter size-full wp-image-4487\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\" alt=\"PREM SERVICE PROFITS2 04102014\" width=\"454\" height=\"423\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE ECB WILL BE SAVED BY THE FED</strong></span></p>\r\nA totally pathetic performance from Draghi last week really highlighted a fundamental flaw with the single currency. Draghi’s hands are tied and he is what I have said for years now, just a puppet of Berlin. Between the Bundesbank and Angela Merkel he really has limited flexibility with approach.\r\n\r\nHe can verbalize all he wants but when it comes to anything beyond verbalization and playing with interest rates the ECB is really operating as a central bank with no real emergency powers.\r\n\r\nGermany runs the EUROZONE and that is a fact. The rest of the single currency countries may as well be regions of Germany like Saxony. The EUROZONE periphery countries are trying to boost and grow their own GDP results without the ability to control their own central bank to loosen policies. To be honest, without this control / help they are farting against thunder.\r\n\r\nGermany says no…. so the periphery suffers.\r\n<ol>\r\n	<li>CPi:</li>\r\n	<li>PMi: data is patchy at best.</li>\r\n	<li>UNEMPLOYMENT: percentages are at record high levels. (Youth unemployment…the future of the EUROZONE is criminally high).</li>\r\n	<li>CURRENCY EXCHANGE RATES: Too high they prevent exports flourishing.</li>\r\n	<li>BUSINESS CONFIDENCE SURVEYS: At low levels.</li>\r\n</ol>\r\n(None of the above data represents anything remotely like a rosy picture)\r\n\r\nSo, so far Draghi has cut interest rates and introduced negative deposit rates for banks depositing monies overnight at the ECB. This has brought the exchange rate of the EUR/USD lower from 1.3980 in May 2014 to around present levels at 1.2500.\r\n\r\nThis is a 1,400-pip move and should not be under-estimated. The easy money as they say has been made. Now we have the crucial move to happen and Draghi is helpless. I know, there are TLTRO’s and QE factors to consider, but the initial TLTRO take up was poor and purchasing ABS through QE in the EUROZONE has massive legal problems for the ECB so I am discounting this as nothing more than verbalization from Draghi to once again move the markets with another version of his “Whatever it takes’. Draghi is the master of talk and the master delay or just no follow up at all. Talk is cheap.\r\n\r\nBut like a “Hollywood Wild West” movie of the past…the cavalry is on the horizon. What a strange looking cavalry picture I could give you - Janet Yellen and a black stallion? Do not panic I am not going there.\r\n\r\nBut the FED is the cavalry as far as the ECB should be concerned. FED policy will strengthen the USD and by virtue of this fact the EUR will weaken, at least against the USD.\r\n\r\nRemember the FED is on a tightening monetary policy as QE (Quantitative Easing) finishes this month. Within 6 months U.S. interest rates will be rising.\r\n\r\nThe ECB are committed to a low rate accommodative policy (loosening) for what could be years. The ECB has DEFLATION, despite what all bankers, Country-head leaders, Finance ministers and Draghi says. They call it dis-inflation. My a** - call it what it is.\r\n\r\nThe EUROZONE economy is weak and they (Leaders and ECB) are so dis-jointed they cannot even after 6/7 years have a committed agreed policy to tackle the issues.\r\n\r\nEvery single initiative announced by the ECB or EUROZONE is never completed. Where is for example the Banking Tzar? Don’t worry they are only three years trying to hammer out a job spec and job size for the position, never mind finding a patsy to do it.\r\n\r\nHoly Mother of God, my eldest Labrador Ozzy (3.5 years old) can do that job. As long as you say to Berlin and the Bundesbank, eat fine food and drink fine wines; well he would only be on water but he could bring home a bottle or two of the fine wines drunk in EUROZONE for his daddy!. Ozzy is Labrador, he can eat tons of food, all types he is not discerning at all, and once he understands the routine no better dog. An ideal candidate for the Germans… lets get him the application form\r\n\r\nBasically the U.S. and EUROZONE areas are on divergent monetary policies. So the EUR/USD is in safe hands.\r\n\r\nThe biggest trading partner of the EUROZONE however is Japan. Those clever Japanese chaps, have more money than anyone, and they are on a “weaken” the JPY policy. They are committing three times more cash than Helicopter Ben was doing at his peak to support the U.S. equity markets.\r\n\r\nI suppose this comes down to how the markets react. We will the see the EUR lower against the JPY as well or will this JPY pair act like the other JPY pairs. Only time will tell.\r\n\r\nThe Australian and New Zealand governments are on a weakening policy as well, although these two countries are small fry in this game as it plays out.\r\n\r\nMy gut feeling at the moment, with the information on hand, is that the USD will conquer all and as far as the JPY is concerned the USD/JPY will dictate JPY price action to a limited degree allowing the AUD/JPY, NZD/JPY and EUR/JPY to weaken using the USD as cross rates towards the JPY. But hey… who knows at this precise point at time.\r\n\r\nThe bottom-line is that the USD (DXY) is in breakout territory, before interest rates have actually been raised. I know the argument about equities being a forwarding pricing mechanism, but frankly it’s not 100% priced in at the moment , in my opinion, and momentum moves markets as well.\r\n\r\nMy thought process is that if you took the following trades today, closed your computer and opened it up in June next year (2015) I think you would be in quite a nice profitable trading position: -\r\n\r\nAUD/USD, EUR/USD, GBP/USD and NZD/USD all short\r\nand the\r\nUSD/CHF, USD/CAD, USD/JPY, USD/SEK and USD/NOK all long\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> TRADER TOPICS:</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DON’T GIVE UP ON YOUR TRADE PLAN</strong></span><strong> </strong></p>\r\nComing back from the summer vacation can bring with it several issues that you need to address pretty quickly to get in the groove once again.\r\n\r\nI wrote recently that during vacation times you could use these periods to try out new strategies and test them to see if the warrant promotion to be included in your TRADE PLAN.\r\n\r\nIn some cases I have heard of traders returning from vacation and for reasons unknown they abandon their TRADE PLAN. Your TRADE PLAN should contain your tried and tested strategies that work with entry and exit guidelines.\r\n\r\nThis year (2014) the Forex market has gone through lots of changes, different from previous years, by this I mean the INTER-BANK markets are suffering from vastly reduced profits and the markets in general have been very, very slow moving as a result.\r\n\r\nHaving read a little on this subject here are the top four items that might tempt you to abandon your TRADE PLAN. Therefore, these are things to avoid.\r\n\r\n<span style=\"text-decoration: underline;\">BOREDOM:</span>\r\n\r\nEven though the Forex market never sleeps, particularly in slow moving markets periods of very slow market activity are increased. It can therefore be quite boring when there is little or no activity waiting for a valid entry set-up to materialize.\r\n\r\nMany traders have reacted to BOREDOM by forcing trades just to feel engaged with the market. To do this they deviate away from their TRADE PLAN and enter trades that would not normally be considered. This leads to poor trading decisions.\r\n\r\nIf you find yourself tempted whilst being bored, walk away from the computer and leave the charts alone.\r\n\r\nAbandoning your TRADE PLAN is NOT the solution.\r\n\r\n<span style=\"text-decoration: underline;\">DISTRACTIONS:</span>\r\n\r\nWhile boredom can lead to bad trading decisions, being surrounded by too much excitement can also be very harmful. Your workspace must be conducive to trading. No distractions on TV or the radio.\r\n\r\nDistractions can lead to a loss of focus. The markets are cruel and offer no apologies if you make an error on a trade, basically, the markets are not forgiving.\r\n\r\nIf you trade in separate room maybe a “Do Not Disturb” notice is a start.\r\n\r\n<span style=\"text-decoration: underline;\">OVERCONFIDENCE / LOSS OF CONFIDENCE:</span>\r\n\r\nIf you get on a profitable trade after a profitable run, you feel invincible. Should this happen never get so overconfident that you ditch your TRADE PLAN. That is a slippery slope that leads to a potential blow up of your trading account, as you fight poor trade after poor trade to get back losses.\r\n\r\nEveryone gets confident after a number of back-to-back profitable trades, but remember that it is extremely dangerous to be overconfident. Being overconfident can cloud your judgment and lead you down a trade route away from your TRADE PLAN. It could make you take invalid trade set-ups and risk position sizes that are too large or leave open a losing trade longer than your TRADE PLAN dictates.\r\n\r\nLikewise, having a lack of confidence as a result of back-to-back losing trades can lead you to abandon your TRADE PLAN. Lack of confidence can manifest itself in other ways, like closing a profitable trade earlier than you should because you are afraid of losing $$$.\r\n\r\nSometimes its hard, but the trick is to be able to cope with both a series of back-to-back profitable trades or back-to-back losing trades, being able to treat them as one trade at a time, devoting your attention to the trade at hand, it makes it much easier to clear your head of past successes and failures.\r\n\r\n<span style=\"text-decoration: underline;\">FATIGUE:</span>\r\n\r\nIt’s not hard to lose your concentration if you are physically and/or mentally exhausted. It’s a recipe for disaster.\r\n\r\nWhen you are fatigued, you’re not as sharp as you normally are. This can lead to slower reaction times, and you may not process matters as thoroughly. These factors can also lead you to trade outside of your TRADE PLAN and make some bad trading decisions.\r\n\r\nIt sounds so obvious but the solution is simple…. take a break and get some test. Your account does not suffer if you step away and some of the most profitable trades to take are the ones that you do not initiate. You can do more harm and damage trading when you are not 100%.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\n<strong> </strong>RT143\r\nAUD/NZD\r\nLong\r\nCost Average at: 1.1200\r\nStop at 1.0900\r\nLimit at 1.1550\r\nPresent Price: 1.1162\r\nCurrent Profit / Loss Position: -38 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT1190\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPresent Price: 0.7756\r\nCurrent Profit / Loss Position: +37 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort\r\nCost Average at: 0.8709\r\nStop at 0.8820\r\nLimit at 0.8000\r\nPresent Price: 0.8673\r\nCurrent Profit / Loss Position: +36 pips\r\n\r\nFT192\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2537\r\nStop at 1.2620\r\nLimit at 1.1860\r\nPresent Price: 1.2514\r\nCurrent Profit / Loss Position: +23 pips\r\n\r\nFT193\r\nGBP/USD\r\nShort\r\nCost Average at: 1.6015\r\nStop at 1.6080\r\nLimit at 1.5750\r\nPresent Price: 1.5966\r\nCurrent Profit / Loss Position: +49 pips\r\n\r\nFT194\r\nUSD/CAD\r\nLong\r\nCost Average at: 1.1230\r\nStop at 1.1150\r\nLimit at 1.1570\r\nPresent Price: 1.1242\r\nCurrent Profit / Loss Position: +12 pips\r\n\r\nFT195\r\nUSD/CHF\r\nLong\r\nCost Average at: 0.9655\r\nStop at 0.9580\r\nLimit at 0.9950\r\nPresent Price: 0.9670\r\nCurrent Profit / Loss Position: +15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\n<span style=\"font-size: 10pt;\">FUN44</span>\r\n<span style=\"font-size: 10pt;\"> GBP/NZD</span>\r\n<span style=\"font-size: 10pt;\"> Long</span>\r\n<span style=\"font-size: 10pt;\"> Cost Average at: 2.0507 </span>\r\n<span style=\"font-size: 10pt;\"> Stop at 2.0000</span>\r\n<span style=\"font-size: 10pt;\"> Limit at 2.3200</span>\r\n<span style=\"font-size: 10pt;\"> Present Price: 2.0529</span>\r\n<span style=\"font-size: 10pt;\"> Current Profit / Loss Position: +22 pips</span>\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\nI am looking at the Nordic currencies and commodity cross-rate pairs but I will not be entering trades until next week.\r\n\r\nBe on the look out Monday / Tuesday for RADAR and FUNDAMENTAL trades in the following: -\r\n\r\nUSD/SEK, USD/NOK, EUR/NZD, EUR/AUD, EUR/CAD, GBP/AUD and GBP/CAD\r\n\r\nI will react to all of the pairs as the market unfolds next week.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2514.</strong> The sell off in the EUR/USD continues even though Draghi did very little himself to keep it going. Good economic statistics on the job front and ISM data on Friday did the trick. The EUR/USD has now fallen about 1400 pips from it’s May 2014 highs. The next support level is 1.2460. On the other side of the trade resistance now lies back up at 1.2660. Unless we pass this level I think we are still very bearish.\r\n\r\n<strong>GBP/USD: Closing Price 1.5966</strong>. I heard one analyst call the cable “poop on a stick”. Can’t really argue with that. The sell off post Scottish referendum continues and God only knows where we would be now on a YES vote. Probably pushing 1.5000. Where we are ultimately going with this pair no one can really know. All I can say is that we are extremely bearish. The next stopping point for support is 1.5750. Resistance is good back at 1.6000 and then 1.6160.\r\n\r\n<strong>AUD/USD: Closing Price 0.8673</strong>. In the past week we have seen another 100-pip sell off in the Aussie. We are slowly making our way to 0.8000. I think that this is the area that RBA governor Glenn Stevens has in mind as an equitable exchange rate for the AUD/USD. We closed just back above 0.8660, which had been holding us up from falling on a couple of occasions over recent days.\r\nSupport is at 0.8660 and below there its looking like 0.8570. On the upside there will be sellers ready to step in around 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7756</strong>. This Kiwi also pulled back another 100 pips on its decline to the target of 0.6500 set out by the New Zealand Prime Minister recently. I think that a run for 0.7500 looks on the cards it is just a question of how fast we run from 0.7500 to 0.7000. That may take some time, as the fall from 0.8800 to 0.7800 was very rapid. We need to slow things up a little for the good health of business that transacts in and out of New Zealand. Support will be good at 0.7700 and resistance at 0.7850 is strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1242.</strong> We are now in breakout territory for the “Loonie”. It is just a question of will it behave now? The fall in the price of Crude is helping to keep this currency pair elevated and as long as this continues we should see the USD/CAD push higher. The next level of resistance is around 1.1290 to 1.1320. Support is good at 1.1230 and below there 1.1180.\r\n\r\n<strong>USD/CHF: Closing Price 0.9670</strong>. As the EUR/USD fell the USD/CHF broke through tough resistance and pushed higher. I can see parity and above again before too long with this pair. Now that we are above 0.9600 the next big resistance is really at 0.9750. Support is good back at 0.9580.\r\n\r\n<strong>USD/JPY: Closing Price 109.75. </strong>Over the last week it has been a bit of a roller coaster for the USD/JPY. It struck at 110.00 and dropped back 200 pips only to bounce back after Non-Farm Payrolls. Resistance is obviously strong at the highs of 110.00. Support will be strong at 108.50.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/CHF\r\nUSD/JPY\r\nGBP/CHF\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:\r\n\r\n</span>EUR/USD\r\nGBP/USD\r\nAUD/USD\r\nNZD/USD\r\nAUD/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nEUR/CAD\r\nGBP/CAD\r\n\r\n<strong> </strong>\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: NZD – NZIER Business Confidence.\r\nMONDAY: CAD – Ivey PMi.\r\nMONDAY: AUD – RBA Rate Statement and Interest Rates.\r\n\r\nTUESDAY: CAD – Building Permits.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Asset Purchase Facility and Bank Rate.\r\n\r\nFRIDAY: CAD –Employment Change &amp; Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><span style=\"font-size: 10pt;\">10</span><strong><span style=\"font-size: 10pt;\">.</span> FINAL THOUGHTS:</strong></span>\r\n\r\nThis should be a great week of trading coming up. There were some good moves after Non-Farm Payrolls on Friday so we should expect some consolidation on Monday in the North American session and then we could see the next leg lower in some of the currencies. In particular, the EUR/USD and GBP/USD, which both look vulnerable.\r\n\r\nIn addition, do not forget the commodity currencies. It’s all about commodities, they lead the markets in directional moves and the Aussie, Kiwi and Loonie all look in positions that could set up big moves. This is why under the section TRADES ON MY RADAR I am looking closely at the commodity cross-rates.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 4th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE ECB WILL BE SAVED BY THE FED','','publish','open','closed','','ecb-will-saved-fed','','','2014-10-04 14:17:20','2014-10-04 19:17:20','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4495',0,'member_posts','',0),(4496,1,'2014-10-04 14:17:20','2014-10-04 19:17:20','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWhat a week the last week was. There was so much anticipation and planning involved on trades and risk exposure ahead of the ECB and NFP.\r\n\r\nDraghi wasted a huge amount of my preparation time and efforts to have my TRADING PLAN options ready on Thursday for the ECB Press Conference, with the actual reality of the event being what I can only describe very politely as a wasteofeffingtime.com. His presentation was so wet; it was wetter than the wettest fish ever caught from the deepest and wettest part of the ocean. He delivered bugger all, wasted everyone’s time and showed the world for once and all that he and the ECB are puppets of Berlin. There can now be no confusion or belief otherwise.\r\n\r\nNon-Farm payrolls provided a pretty good number yesterday (3<sup>rd</sup> October) and the USD strength came flushing through the Forex market like a hot knife through butter. Key support and resistance levels were tested and I believe that this sets us Forex traders up perfectly for the coming weeks. I see no reason now why we should not be directional for some time. This is great news. In fact, it’s brilliant news. I think in seven years of trading I can only remember true directional trading maybe four, or five times…. happy days ahead…I hope!!\r\n\r\nTwo weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <strong><span style=\"color: #3366ff;\">BLUE BOLD (27<sup>th</sup> September).</span></strong><strong> </strong>\r\n\r\nFrom last week to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <span style=\"text-decoration: underline;\"><strong>none</strong></span> of my original dominoes left now.\r\n\r\n&nbsp;\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em><em> </em>\r\n\r\n<span style=\"color: #3366ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em><span style=\"color: #3366ff;\"> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong></span>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.\r\n</em></strong></span><em>\r\n<strong><span style=\"color: #3366ff;\">COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</span>\r\n</strong></em>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong></span><strong><em>\r\n</em></strong><em>\r\n<span style=\"color: #3366ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #3366ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nThe only caveat I have now, based upon the above is that we may have to have a few days consolidation before the next leg lower.\r\n\r\nUse the EUR/USD as the key indicator regarding the size of the move. But, as always AUD/USD and USD/CAD commodity currencies are the lead indicators along with “The Holy Trinity” of GOLD, OIL and COPPER.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA great trading end of the third quarter, with the results to 30<sup>th</sup> September being: -\r\n\r\nMICRO LOTS – cost of trades $37.30 - PROFIT $ 802.50\r\nMINI LOTS – cost of trades $373.00 - PROFIT $8,025.00\r\nSTANDARD LOTS – cost of trades $3,730.00 - PROFIT $ 80,260.00\r\n\r\n(All from single lot trades total of 373 trades 2014 to date)\r\n\r\nThe PREMIUM SERVICE really caters for all types of traders and all sizes of wallets.\r\n\r\nThe first three days of October summarized below are showing a continuation of the great September performance continuing.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\"><img class=\"aligncenter size-full wp-image-4486\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\" alt=\"PREM SEWRVICE PROFITS1 04102014\" width=\"447\" height=\"421\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\"><img class=\"aligncenter size-full wp-image-4487\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\" alt=\"PREM SERVICE PROFITS2 04102014\" width=\"454\" height=\"423\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE ECB WILL BE SAVED BY THE FED</strong></span></p>\r\nA totally pathetic performance from Draghi last week really highlighted a fundamental flaw with the single currency. Draghi’s hands are tied and he is what I have said for years now, just a puppet of Berlin. Between the Bundesbank and Angela Merkel he really has limited flexibility with approach.\r\n\r\nHe can verbalize all he wants but when it comes to anything beyond verbalization and playing with interest rates the ECB is really operating as a central bank with no real emergency powers.\r\n\r\nGermany runs the EUROZONE and that is a fact. The rest of the single currency countries may as well be regions of Germany like Saxony. The EUROZONE periphery countries are trying to boost and grow their own GDP results without the ability to control their own central bank to loosen policies. To be honest, without this control / help they are farting against thunder.\r\n\r\nGermany says no…. so the periphery suffers.\r\n<ol>\r\n	<li>CPi:</li>\r\n	<li>PMi: data is patchy at best.</li>\r\n	<li>UNEMPLOYMENT: percentages are at record high levels. (Youth unemployment…the future of the EUROZONE is criminally high).</li>\r\n	<li>CURRENCY EXCHANGE RATES: Too high they prevent exports flourishing.</li>\r\n	<li>BUSINESS CONFIDENCE SURVEYS: At low levels.</li>\r\n</ol>\r\n(None of the above data represents anything remotely like a rosy picture)\r\n\r\nSo, so far Draghi has cut interest rates and introduced negative deposit rates for banks depositing monies overnight at the ECB. This has brought the exchange rate of the EUR/USD lower from 1.3980 in May 2014 to around present levels at 1.2500.\r\n\r\nThis is a 1,400-pip move and should not be under-estimated. The easy money as they say has been made. Now we have the crucial move to happen and Draghi is helpless. I know, there are TLTRO’s and QE factors to consider, but the initial TLTRO take up was poor and purchasing ABS through QE in the EUROZONE has massive legal problems for the ECB so I am discounting this as nothing more than verbalization from Draghi to once again move the markets with another version of his “Whatever it takes’. Draghi is the master of talk and the master delay or just no follow up at all. Talk is cheap.\r\n\r\nBut like a “Hollywood Wild West” movie of the past…the cavalry is on the horizon. What a strange looking cavalry picture I could give you - Janet Yellen and a black stallion? Do not panic I am not going there.\r\n\r\nBut the FED is the cavalry as far as the ECB should be concerned. FED policy will strengthen the USD and by virtue of this fact the EUR will weaken, at least against the USD.\r\n\r\nRemember the FED is on a tightening monetary policy as QE (Quantitative Easing) finishes this month. Within 6 months U.S. interest rates will be rising.\r\n\r\nThe ECB are committed to a low rate accommodative policy (loosening) for what could be years. The ECB has DEFLATION, despite what all bankers, Country-head leaders, Finance ministers and Draghi says. They call it dis-inflation. My a** - call it what it is.\r\n\r\nThe EUROZONE economy is weak and they (Leaders and ECB) are so dis-jointed they cannot even after 6/7 years have a committed agreed policy to tackle the issues.\r\n\r\nEvery single initiative announced by the ECB or EUROZONE is never completed. Where is for example the Banking Tzar? Don’t worry they are only three years trying to hammer out a job spec and job size for the position, never mind finding a patsy to do it.\r\n\r\nHoly Mother of God, my eldest Labrador Ozzy (3.5 years old) can do that job. As long as you say to Berlin and the Bundesbank, eat fine food and drink fine wines; well he would only be on water but he could bring home a bottle or two of the fine wines drunk in EUROZONE for his daddy!. Ozzy is Labrador, he can eat tons of food, all types he is not discerning at all, and once he understands the routine no better dog. An ideal candidate for the Germans… lets get him the application form\r\n\r\nBasically the U.S. and EUROZONE areas are on divergent monetary policies. So the EUR/USD is in safe hands.\r\n\r\nThe biggest trading partner of the EUROZONE however is Japan. Those clever Japanese chaps, have more money than anyone, and they are on a “weaken” the JPY policy. They are committing three times more cash than Helicopter Ben was doing at his peak to support the U.S. equity markets.\r\n\r\nI suppose this comes down to how the markets react. We will the see the EUR lower against the JPY as well or will this JPY pair act like the other JPY pairs. Only time will tell.\r\n\r\nThe Australian and New Zealand governments are on a weakening policy as well, although these two countries are small fry in this game as it plays out.\r\n\r\nMy gut feeling at the moment, with the information on hand, is that the USD will conquer all and as far as the JPY is concerned the USD/JPY will dictate JPY price action to a limited degree allowing the AUD/JPY, NZD/JPY and EUR/JPY to weaken using the USD as cross rates towards the JPY. But hey… who knows at this precise point at time.\r\n\r\nThe bottom-line is that the USD (DXY) is in breakout territory, before interest rates have actually been raised. I know the argument about equities being a forwarding pricing mechanism, but frankly it’s not 100% priced in at the moment , in my opinion, and momentum moves markets as well.\r\n\r\nMy thought process is that if you took the following trades today, closed your computer and opened it up in June next year (2015) I think you would be in quite a nice profitable trading position: -\r\n\r\nAUD/USD, EUR/USD, GBP/USD and NZD/USD all short\r\nand the\r\nUSD/CHF, USD/CAD, USD/JPY, USD/SEK and USD/NOK all long\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> TRADER TOPICS:</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DON’T GIVE UP ON YOUR TRADE PLAN</strong></span><strong> </strong></p>\r\nComing back from the summer vacation can bring with it several issues that you need to address pretty quickly to get in the groove once again.\r\n\r\nI wrote recently that during vacation times you could use these periods to try out new strategies and test them to see if the warrant promotion to be included in your TRADE PLAN.\r\n\r\nIn some cases I have heard of traders returning from vacation and for reasons unknown they abandon their TRADE PLAN. Your TRADE PLAN should contain your tried and tested strategies that work with entry and exit guidelines.\r\n\r\nThis year (2014) the Forex market has gone through lots of changes, different from previous years, by this I mean the INTER-BANK markets are suffering from vastly reduced profits and the markets in general have been very, very slow moving as a result.\r\n\r\nHaving read a little on this subject here are the top four items that might tempt you to abandon your TRADE PLAN. Therefore, these are things to avoid.\r\n\r\n<span style=\"text-decoration: underline;\">BOREDOM:</span>\r\n\r\nEven though the Forex market never sleeps, particularly in slow moving markets periods of very slow market activity are increased. It can therefore be quite boring when there is little or no activity waiting for a valid entry set-up to materialize.\r\n\r\nMany traders have reacted to BOREDOM by forcing trades just to feel engaged with the market. To do this they deviate away from their TRADE PLAN and enter trades that would not normally be considered. This leads to poor trading decisions.\r\n\r\nIf you find yourself tempted whilst being bored, walk away from the computer and leave the charts alone.\r\n\r\nAbandoning your TRADE PLAN is NOT the solution.\r\n\r\n<span style=\"text-decoration: underline;\">DISTRACTIONS:</span>\r\n\r\nWhile boredom can lead to bad trading decisions, being surrounded by too much excitement can also be very harmful. Your workspace must be conducive to trading. No distractions on TV or the radio.\r\n\r\nDistractions can lead to a loss of focus. The markets are cruel and offer no apologies if you make an error on a trade, basically, the markets are not forgiving.\r\n\r\nIf you trade in separate room maybe a “Do Not Disturb” notice is a start.\r\n\r\n<span style=\"text-decoration: underline;\">OVERCONFIDENCE / LOSS OF CONFIDENCE:</span>\r\n\r\nIf you get on a profitable trade after a profitable run, you feel invincible. Should this happen never get so overconfident that you ditch your TRADE PLAN. That is a slippery slope that leads to a potential blow up of your trading account, as you fight poor trade after poor trade to get back losses.\r\n\r\nEveryone gets confident after a number of back-to-back profitable trades, but remember that it is extremely dangerous to be overconfident. Being overconfident can cloud your judgment and lead you down a trade route away from your TRADE PLAN. It could make you take invalid trade set-ups and risk position sizes that are too large or leave open a losing trade longer than your TRADE PLAN dictates.\r\n\r\nLikewise, having a lack of confidence as a result of back-to-back losing trades can lead you to abandon your TRADE PLAN. Lack of confidence can manifest itself in other ways, like closing a profitable trade earlier than you should because you are afraid of losing $$$.\r\n\r\nSometimes its hard, but the trick is to be able to cope with both a series of back-to-back profitable trades or back-to-back losing trades, being able to treat them as one trade at a time, devoting your attention to the trade at hand, it makes it much easier to clear your head of past successes and failures.\r\n\r\n<span style=\"text-decoration: underline;\">FATIGUE:</span>\r\n\r\nIt’s not hard to lose your concentration if you are physically and/or mentally exhausted. It’s a recipe for disaster.\r\n\r\nWhen you are fatigued, you’re not as sharp as you normally are. This can lead to slower reaction times, and you may not process matters as thoroughly. These factors can also lead you to trade outside of your TRADE PLAN and make some bad trading decisions.\r\n\r\nIt sounds so obvious but the solution is simple…. take a break and get some test. Your account does not suffer if you step away and some of the most profitable trades to take are the ones that you do not initiate. You can do more harm and damage trading when you are not 100%.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\n<strong> </strong>RT143\r\nAUD/NZD\r\nLong\r\nCost Average at: 1.1200\r\nStop at 1.0900\r\nLimit at 1.1550\r\nPresent Price: 1.1162\r\nCurrent Profit / Loss Position: -38 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT1190\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPresent Price: 0.7756\r\nCurrent Profit / Loss Position: +37 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort\r\nCost Average at: 0.8709\r\nStop at 0.8820\r\nLimit at 0.8000\r\nPresent Price: 0.8673\r\nCurrent Profit / Loss Position: +36 pips\r\n\r\nFT192\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2537\r\nStop at 1.2620\r\nLimit at 1.1860\r\nPresent Price: 1.2514\r\nCurrent Profit / Loss Position: +23 pips\r\n\r\nFT193\r\nGBP/USD\r\nShort\r\nCost Average at: 1.6015\r\nStop at 1.6080\r\nLimit at 1.5750\r\nPresent Price: 1.5966\r\nCurrent Profit / Loss Position: +49 pips\r\n\r\nFT194\r\nUSD/CAD\r\nLong\r\nCost Average at: 1.1230\r\nStop at 1.1150\r\nLimit at 1.1570\r\nPresent Price: 1.1242\r\nCurrent Profit / Loss Position: +12 pips\r\n\r\nFT195\r\nUSD/CHF\r\nLong\r\nCost Average at: 0.9655\r\nStop at 0.9580\r\nLimit at 0.9950\r\nPresent Price: 0.9670\r\nCurrent Profit / Loss Position: +15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\n<span style=\"font-size: 10pt;\">FUN44</span>\r\n<span style=\"font-size: 10pt;\"> GBP/NZD</span>\r\n<span style=\"font-size: 10pt;\"> Long</span>\r\n<span style=\"font-size: 10pt;\"> Cost Average at: 2.0507 </span>\r\n<span style=\"font-size: 10pt;\"> Stop at 2.0000</span>\r\n<span style=\"font-size: 10pt;\"> Limit at 2.3200</span>\r\n<span style=\"font-size: 10pt;\"> Present Price: 2.0529</span>\r\n<span style=\"font-size: 10pt;\"> Current Profit / Loss Position: +22 pips</span>\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\nI am looking at the Nordic currencies and commodity cross-rate pairs but I will not be entering trades until next week.\r\n\r\nBe on the look out Monday / Tuesday for RADAR and FUNDAMENTAL trades in the following: -\r\n\r\nUSD/SEK, USD/NOK, EUR/NZD, EUR/AUD, EUR/CAD, GBP/AUD and GBP/CAD\r\n\r\nI will react to all of the pairs as the market unfolds next week.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2514.</strong> The sell off in the EUR/USD continues even though Draghi did very little himself to keep it going. Good economic statistics on the job front and ISM data on Friday did the trick. The EUR/USD has now fallen about 1400 pips from it’s May 2014 highs. The next support level is 1.2460. On the other side of the trade resistance now lies back up at 1.2660. Unless we pass this level I think we are still very bearish.\r\n\r\n<strong>GBP/USD: Closing Price 1.5966</strong>. I heard one analyst call the cable “poop on a stick”. Can’t really argue with that. The sell off post Scottish referendum continues and God only knows where we would be now on a YES vote. Probably pushing 1.5000. Where we are ultimately going with this pair no one can really know. All I can say is that we are extremely bearish. The next stopping point for support is 1.5750. Resistance is good back at 1.6000 and then 1.6160.\r\n\r\n<strong>AUD/USD: Closing Price 0.8673</strong>. In the past week we have seen another 100-pip sell off in the Aussie. We are slowly making our way to 0.8000. I think that this is the area that RBA governor Glenn Stevens has in mind as an equitable exchange rate for the AUD/USD. We closed just back above 0.8660, which had been holding us up from falling on a couple of occasions over recent days.\r\nSupport is at 0.8660 and below there its looking like 0.8570. On the upside there will be sellers ready to step in around 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7756</strong>. This Kiwi also pulled back another 100 pips on its decline to the target of 0.6500 set out by the New Zealand Prime Minister recently. I think that a run for 0.7500 looks on the cards it is just a question of how fast we run from 0.7500 to 0.7000. That may take some time, as the fall from 0.8800 to 0.7800 was very rapid. We need to slow things up a little for the good health of business that transacts in and out of New Zealand. Support will be good at 0.7700 and resistance at 0.7850 is strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1242.</strong> We are now in breakout territory for the “Loonie”. It is just a question of will it behave now? The fall in the price of Crude is helping to keep this currency pair elevated and as long as this continues we should see the USD/CAD push higher. The next level of resistance is around 1.1290 to 1.1320. Support is good at 1.1230 and below there 1.1180.\r\n\r\n<strong>USD/CHF: Closing Price 0.9670</strong>. As the EUR/USD fell the USD/CHF broke through tough resistance and pushed higher. I can see parity and above again before too long with this pair. Now that we are above 0.9600 the next big resistance is really at 0.9750. Support is good back at 0.9580.\r\n\r\n<strong>USD/JPY: Closing Price 109.75. </strong>Over the last week it has been a bit of a roller coaster for the USD/JPY. It struck at 110.00 and dropped back 200 pips only to bounce back after Non-Farm Payrolls. Resistance is obviously strong at the highs of 110.00. Support will be strong at 108.50.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/CHF\r\nUSD/JPY\r\nGBP/CHF\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:\r\n\r\n</span>EUR/USD\r\nGBP/USD\r\nAUD/USD\r\nNZD/USD\r\nAUD/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nEUR/CAD\r\nGBP/CAD\r\n\r\n<strong> </strong>\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: NZD – NZIER Business Confidence.\r\nMONDAY: CAD – Ivey PMi.\r\nMONDAY: AUD – RBA Rate Statement and Interest Rates.\r\n\r\nTUESDAY: CAD – Building Permits.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Asset Purchase Facility and Bank Rate.\r\n\r\nFRIDAY: CAD –Employment Change &amp; Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><span style=\"font-size: 10pt;\">10</span><strong><span style=\"font-size: 10pt;\">.</span> FINAL THOUGHTS:</strong></span>\r\n\r\nThis should be a great week of trading coming up. There were some good moves after Non-Farm Payrolls on Friday so we should expect some consolidation on Monday in the North American session and then we could see the next leg lower in some of the currencies. In particular, the EUR/USD and GBP/USD, which both look vulnerable.\r\n\r\nIn addition, do not forget the commodity currencies. It’s all about commodities, they lead the markets in directional moves and the Aussie, Kiwi and Loonie all look in positions that could set up big moves. This is why under the section TRADES ON MY RADAR I am looking closely at the commodity cross-rates.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 4th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE ECB WILL BE SAVED BY THE FED','','inherit','open','closed','','4495-revision-v1','','','2014-10-04 14:17:20','2014-10-04 19:17:20','',4495,'https://weeklyfxdrivethru.com/4495-revision-v1/',0,'revision','',0),(4500,1,'2014-10-04 14:30:11','2014-10-04 19:30:11','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-10-04 14:30:11','2014-10-04 19:30:11','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4501,1,'2014-10-04 14:30:57','2014-10-04 19:30:57','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION_</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-10-04 14:30:57','2014-10-04 19:30:57','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4502,1,'2014-10-04 14:32:24','2014-10-04 19:32:24','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-10-04 14:32:24','2014-10-04 19:32:24','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4505,1,'2014-10-04 14:42:49','2014-10-04 19:42:49','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWhat a week the last week was. There was so much anticipation and planning involved on trades and risk exposure ahead of the ECB and NFP.\r\n\r\nDraghi wasted a huge amount of my preparation time and efforts to have my TRADING PLAN options ready on Thursday for the ECB Press Conference, with the actual reality of the event being what I can only describe very politely as a wasteofeffingtime.com. His presentation was so wet; it was wetter than the wettest fish ever caught from the deepest and wettest part of the ocean. He delivered bugger all, wasted everyone’s time and showed the world for once and all that he and the ECB are puppets of Berlin. There can now be no confusion or belief otherwise.\r\n\r\nNon-Farm payrolls provided a pretty good number yesterday (3<sup>rd</sup> October) and the USD strength came flushing through the Forex market like a hot knife through butter. Key support and resistance levels were tested and I believe that this sets us Forex traders up perfectly for the coming weeks. I see no reason now why we should not be directional for some time. This is great news. In fact, it’s brilliant news. I think in seven years of trading I can only remember true directional trading maybe four, or five times…. happy days ahead…I hope!!\r\n\r\nTwo weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <span style=\"color: #0000ff;\"><strong>BLUE BOLD (27<sup>th</sup> September).</strong></span>\r\n\r\nFrom last week to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>. </span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em><em> </em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em><span style=\"color: #0000ff;\"> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong></span>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<strong><em><span style=\"color: #ff0000;\"> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</span>\r\n</em></strong><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.\r\n</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong></span><strong><em>\r\n</em></strong><em>\r\n<strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nThe only caveat I have now, based upon the above is that we may have to have a few days consolidation before the next leg lower.\r\n\r\nUse the EUR/USD as the key indicator regarding the size of the move. But, as always AUD/USD and USD/CAD commodity currencies are the lead indicators along with “The Holy Trinity” of GOLD, OIL and COPPER.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA great trading end of the third quarter, with the results to 30<sup>th</sup> September being:\r\n\r\nMICRO LOTS – cost of trades $37.30 - PROFIT $ 802.50\r\nMINI LOTS – cost of trades $373.00 - PROFIT $8,025.00\r\nSTANDARD LOTS – cost of trades $3,730.00 - PROFIT $ 80,260.00\r\n\r\n(All from single lot trades total of 373 trades 2014 to date)\r\n\r\nThe PREMIUM SERVICE really caters for all types of traders and all sizes of wallets.\r\n\r\nThe first three days of October summarized below are showing a continuation of the great September performance continuing.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\"><img class=\"aligncenter size-full wp-image-4486\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\" alt=\"PREM SEWRVICE PROFITS1 04102014\" width=\"447\" height=\"421\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\"><img class=\"aligncenter size-full wp-image-4487\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\" alt=\"PREM SERVICE PROFITS2 04102014\" width=\"454\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE ECB WILL BE SAVED BY THE FED</strong></span></p>\r\nA totally pathetic performance from Draghi last week really highlighted a fundamental flaw with the single currency. Draghi’s hands are tied and he is what I have said for years now, just a puppet of Berlin. Between the Bundesbank and Angela Merkel he really has limited flexibility with approach.\r\n\r\nHe can verbalize all he wants but when it comes to anything beyond verbalization and playing with interest rates the ECB is really operating as a central bank with no real emergency powers.\r\n\r\nGermany runs the EUROZONE and that is a fact. The rest of the single currency countries may as well be regions of Germany like Saxony. The EUROZONE periphery countries are trying to boost and grow their own GDP results without the ability to control their own central bank to loosen policies. To be honest, without this control / help they are farting against thunder.\r\n\r\nGermany says no…. so the periphery suffers.\r\n<ol>\r\n	<li>CPi:</li>\r\n	<li>PMi: data is patchy at best.</li>\r\n	<li>UNEMPLOYMENT: percentages are at record high levels. (Youth unemployment…the future of the EUROZONE is criminally high).</li>\r\n	<li>CURRENCY EXCHANGE RATES: Too high they prevent exports flourishing.</li>\r\n	<li>BUSINESS CONFIDENCE SURVEYS: At low levels.</li>\r\n</ol>\r\n(None of the above data represents anything remotely like a rosy picture)\r\n\r\n&nbsp;\r\n\r\nSo, so far Draghi has cut interest rates and introduced negative deposit rates for banks depositing monies overnight at the ECB. This has brought the exchange rate of the EUR/USD lower from 1.3980 in May 2014 to around present levels at 1.2500.\r\n\r\nThis is a 1,400-pip move and should not be under-estimated. The easy money as they say has been made. Now we have the crucial move to happen and Draghi is helpless. I know, there are TLTRO’s and QE factors to consider, but the initial TLTRO take up was poor and purchasing ABS through QE in the EUROZONE has massive legal problems for the ECB so I am discounting this as nothing more than verbalization from Draghi to once again move the markets with another version of his “Whatever it takes’. Draghi is the master of talk and the master delay or just no follow up at all. Talk is cheap.\r\n\r\nBut like a “Hollywood Wild West” movie of the past…the cavalry is on the horizon. What a strange looking cavalry picture I could give you - Janet Yellen and a black stallion? Do not panic I am not going there.\r\n\r\nBut the FED is the cavalry as far as the ECB should be concerned. FED policy will strengthen the USD and by virtue of this fact the EUR will weaken, at least against the USD.\r\n\r\nRemember the FED is on a tightening monetary policy as QE (Quantitative Easing) finishes this month. Within 6 months U.S. interest rates will be rising.\r\n\r\nThe ECB are committed to a low rate accommodative policy (loosening) for what could be years. The ECB has DEFLATION, despite what all bankers, Country-head leaders, Finance ministers and Draghi says. They call it dis-inflation. My a** - call it what it is.\r\n\r\nThe EUROZONE economy is weak and they (Leaders and ECB) are so dis-jointed they cannot even after 6/7 years have a committed agreed policy to tackle the issues.\r\n\r\nEvery single initiative announced by the ECB or EUROZONE is never completed. Where is for example the Banking Tzar? Don’t worry they are only three years trying to hammer out a job spec and job size for the position, never mind finding a patsy to do it.\r\n\r\nHoly Mother of God, my eldest Labrador Ozzy (3.5 years old) can do that job. As long as you say to Berlin and the Bundesbank, eat fine food and drink fine wines; well he would only be on water but he could bring home a bottle or two of the fine wines drunk in EUROZONE for his daddy!. Ozzy is Labrador, he can eat tons of food, all types he is not discerning at all, and once he understands the routine no better dog. An ideal candidate for the Germans… lets get him the application form.\r\n\r\nBasically the U.S. and EUROZONE areas are on divergent monetary policies. So the EUR/USD is in safe hands.\r\n\r\nThe biggest trading partner of the EUROZONE however is Japan. Those clever Japanese chaps, have more money than anyone, and they are on a “weaken” the JPY policy. They are committing three times more cash than Helicopter Ben was doing at his peak to support the U.S. equity markets.\r\n\r\nI suppose this comes down to how the markets react. We will the see the EUR lower against the JPY as well or will this JPY pair act like the other JPY pairs. Only time will tell.\r\n\r\nThe Australian and New Zealand governments are on a weakening policy as well, although these two countries are small fry in this game as it plays out.\r\n\r\nMy gut feeling at the moment, with the information on hand, is that the USD will conquer all and as far as the JPY is concerned the USD/JPY will dictate JPY price action to a limited degree allowing the AUD/JPY, NZD/JPY and EUR/JPY to weaken using the USD as cross rates towards the JPY. But hey… who knows at this precise point at time.\r\n\r\nThe bottom-line is that the USD (DXY) is in breakout territory, before interest rates have actually been raised. I know the argument about equities being a forwarding pricing mechanism, but frankly it’s not 100% priced in at the moment , in my opinion, and momentum moves markets as well.\r\n\r\nMy thought process is that if you took the following trades today, closed your computer and opened it up in June next year (2015) I think you would be in quite a nice profitable trading position: -\r\n\r\nAUD/USD, EUR/USD, GBP/USD and NZD/USD all short\r\nand the\r\nUSD/CHF, USD/CAD, USD/JPY, USD/SEK and USD/NOK all long\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>EUR/USD: Closing Price 1.2514.</strong> The sell off in the EUR/USD continues even though Draghi did very little himself to keep it going. Good economic statistics on the job front and ISM data on Friday did the trick. The EUR/USD has now fallen about 1400 pips from it’s May 2014 highs. The next support level is 1.2460. On the other side of the trade resistance now lies back up at 1.2660. Unless we pass this level I think we are still very bearish.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5966</strong>. I heard one analyst call the cable “poop on a stick”. Can’t really argue with that. The sell off post Scottish referendum continues and God only knows where we would be now on a YES vote. Probably pushing 1.5000. Where we are ultimately going with this pair no one can really know. All I can say is that we are extremely bearish. The next stopping point for support is 1.5750. Resistance is good back at 1.6000 and then 1.6160.\r\n\r\n<strong>AUD/USD: Closing Price 0.8673</strong>. In the past week we have seen another 100-pip sell off in the Aussie. We are slowly making our way to 0.8000. I think that this is the area that RBA governor Glenn Stevens has in mind as an equitable exchange rate for the AUD/USD. We closed just back above 0.8660, which had been holding us up from falling on a couple of occasions over recent days.\r\nSupport is at 0.8660 and below there its looking like 0.8570. On the upside there will be sellers ready to step in around 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7756</strong>. This Kiwi also pulled back another 100 pips on its decline to the target of 0.6500 set out by the New Zealand Prime Minister recently. I think that a run for 0.7500 looks on the cards it is just a question of how fast we run from 0.7500 to 0.7000. That may take some time, as the fall from 0.8800 to 0.7800 was very rapid. We need to slow things up a little for the good health of business that transacts in and out of New Zealand. Support will be good at 0.7700 and resistance at 0.7850 is strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1242.</strong> We are now in breakout territory for the “Loonie”. It is just a question of will it behave now? The fall in the price of Crude is helping to keep this currency pair elevated and as long as this continues we should see the USD/CAD push higher. The next level of resistance is around 1.1290 to 1.1320. Support is good at 1.1230 and below there 1.1180.\r\n\r\n<strong>USD/CHF: Closing Price 0.9670</strong>. As the EUR/USD fell the USD/CHF broke through tough resistance and pushed higher. I can see parity and above again before too long with this pair. Now that we are above 0.9600 the next big resistance is really at 0.9750. Support is good back at 0.9580.\r\n\r\n<strong>USD/JPY: Closing Price 109.75. </strong>Over the last week it has been a bit of a roller coaster for the USD/JPY. It struck at 110.00 and dropped back 200 pips only to bounce back after Non-Farm Payrolls. Resistance is obviously strong at the highs of 110.00. Support will be strong at 108.50\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: NZD – NZIER Business Confidence.\r\nMONDAY: CAD – Ivey PMi.\r\nMONDAY: AUD – RBA Rate Statement and Interest Rates.\r\n\r\nTUESDAY: CAD – Building Permits.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Asset Purchase Facility and Bank Rate.\r\n\r\nFRIDAY: CAD –Employment Change &amp; Unemployment Rate.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis should be a great week of trading coming up. There were some good moves after Non-Farm Payrolls on Friday so we should expect some consolidation on Monday in the North American session and then we could see the next leg lower in some of the currencies. In particular, the EUR/USD and GBP/USD, which both look vulnerable.\r\n\r\nIn addition, do not forget the commodity currencies. It’s all about commodities, they lead the markets in directional moves and the Aussie, Kiwi and Loonie all look in positions that could set up big moves. This is why under the section TRADES ON MY RADAR I am looking closely at the commodity cross-rates.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 4th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','THE ECB WILL BE SAVED BY THE FED','','publish','open','closed','','ecb-will-saved-fed','','','2014-10-04 14:42:49','2014-10-04 19:42:49','',0,'https://weeklyfxdrivethru.com/?p=4505',0,'post','',0),(4506,1,'2014-10-04 14:39:58','2014-10-04 19:39:58','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWhat a week the last week was. There was so much anticipation and planning involved on trades and risk exposure ahead of the ECB and NFP.\r\n\r\nDraghi wasted a huge amount of my preparation time and efforts to have my TRADING PLAN options ready on Thursday for the ECB Press Conference, with the actual reality of the event being what I can only describe very politely as a wasteofeffingtime.com. His presentation was so wet; it was wetter than the wettest fish ever caught from the deepest and wettest part of the ocean. He delivered bugger all, wasted everyone’s time and showed the world for once and all that he and the ECB are puppets of Berlin. There can now be no confusion or belief otherwise.\r\n\r\nNon-Farm payrolls provided a pretty good number yesterday (3<sup>rd</sup> October) and the USD strength came flushing through the Forex market like a hot knife through butter. Key support and resistance levels were tested and I believe that this sets us Forex traders up perfectly for the coming weeks. I see no reason now why we should not be directional for some time. This is great news. In fact, it’s brilliant news. I think in seven years of trading I can only remember true directional trading maybe four, or five times…. happy days ahead…I hope!!\r\n\r\nTwo weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <span style=\"color: #0000ff;\"><strong>BLUE BOLD (27<sup>th</sup> September).</strong></span>\r\n\r\nFrom last week to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>. </span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em><em> </em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em><span style=\"color: #0000ff;\"> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong></span>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<strong><em><span style=\"color: #ff0000;\"> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</span>\r\n</em></strong><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.\r\n</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong></span><strong><em>\r\n</em></strong><em>\r\n<strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nThe only caveat I have now, based upon the above is that we may have to have a few days consolidation before the next leg lower.\r\n\r\nUse the EUR/USD as the key indicator regarding the size of the move. But, as always AUD/USD and USD/CAD commodity currencies are the lead indicators along with “The Holy Trinity” of GOLD, OIL and COPPER.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA great trading end of the third quarter, with the results to 30<sup>th</sup> September being:\r\n\r\nMICRO LOTS – cost of trades $37.30 - PROFIT $ 802.50\r\nMINI LOTS – cost of trades $373.00 - PROFIT $8,025.00\r\nSTANDARD LOTS – cost of trades $3,730.00 - PROFIT $ 80,260.00\r\n\r\n(All from single lot trades total of 373 trades 2014 to date)\r\n\r\nThe PREMIUM SERVICE really caters for all types of traders and all sizes of wallets.\r\n\r\nThe first three days of October summarized below are showing a continuation of the great September performance continuing.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\"><img class=\"aligncenter size-full wp-image-4486\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\" alt=\"PREM SEWRVICE PROFITS1 04102014\" width=\"447\" height=\"421\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\"><img class=\"aligncenter size-full wp-image-4487\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\" alt=\"PREM SERVICE PROFITS2 04102014\" width=\"454\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE ECB WILL BE SAVED BY THE FED</strong></span></p>\r\nA totally pathetic performance from Draghi last week really highlighted a fundamental flaw with the single currency. Draghi’s hands are tied and he is what I have said for years now, just a puppet of Berlin. Between the Bundesbank and Angela Merkel he really has limited flexibility with approach.\r\n\r\nHe can verbalize all he wants but when it comes to anything beyond verbalization and playing with interest rates the ECB is really operating as a central bank with no real emergency powers.\r\n\r\nGermany runs the EUROZONE and that is a fact. The rest of the single currency countries may as well be regions of Germany like Saxony. The EUROZONE periphery countries are trying to boost and grow their own GDP results without the ability to control their own central bank to loosen policies. To be honest, without this control / help they are farting against thunder.\r\n\r\nGermany says no…. so the periphery suffers.\r\n<ol>\r\n	<li>CPi:</li>\r\n	<li>PMi: data is patchy at best.</li>\r\n	<li>UNEMPLOYMENT: percentages are at record high levels. (Youth unemployment…the future of the EUROZONE is criminally high).</li>\r\n	<li>CURRENCY EXCHANGE RATES: Too high they prevent exports flourishing.</li>\r\n	<li>BUSINESS CONFIDENCE SURVEYS: At low levels.</li>\r\n</ol>\r\n(None of the above data represents anything remotely like a rosy picture)\r\n\r\n&nbsp;\r\n\r\nSo, so far Draghi has cut interest rates and introduced negative deposit rates for banks depositing monies overnight at the ECB. This has brought the exchange rate of the EUR/USD lower from 1.3980 in May 2014 to around present levels at 1.2500.\r\n\r\nThis is a 1,400-pip move and should not be under-estimated. The easy money as they say has been made. Now we have the crucial move to happen and Draghi is helpless. I know, there are TLTRO’s and QE factors to consider, but the initial TLTRO take up was poor and purchasing ABS through QE in the EUROZONE has massive legal problems for the ECB so I am discounting this as nothing more than verbalization from Draghi to once again move the markets with another version of his “Whatever it takes’. Draghi is the master of talk and the master delay or just no follow up at all. Talk is cheap.\r\n\r\nBut like a “Hollywood Wild West” movie of the past…the cavalry is on the horizon. What a strange looking cavalry picture I could give you - Janet Yellen and a black stallion? Do not panic I am not going there.\r\n\r\nBut the FED is the cavalry as far as the ECB should be concerned. FED policy will strengthen the USD and by virtue of this fact the EUR will weaken, at least against the USD.\r\n\r\nRemember the FED is on a tightening monetary policy as QE (Quantitative Easing) finishes this month. Within 6 months U.S. interest rates will be rising.\r\n\r\nThe ECB are committed to a low rate accommodative policy (loosening) for what could be years. The ECB has DEFLATION, despite what all bankers, Country-head leaders, Finance ministers and Draghi says. They call it dis-inflation. My a** - call it what it is.\r\n\r\nThe EUROZONE economy is weak and they (Leaders and ECB) are so dis-jointed they cannot even after 6/7 years have a committed agreed policy to tackle the issues.\r\n\r\nEvery single initiative announced by the ECB or EUROZONE is never completed. Where is for example the Banking Tzar? Don’t worry they are only three years trying to hammer out a job spec and job size for the position, never mind finding a patsy to do it.\r\n\r\nHoly Mother of God, my eldest Labrador Ozzy (3.5 years old) can do that job. As long as you say to Berlin and the Bundesbank, eat fine food and drink fine wines; well he would only be on water but he could bring home a bottle or two of the fine wines drunk in EUROZONE for his daddy!. Ozzy is Labrador, he can eat tons of food, all types he is not discerning at all, and once he understands the routine no better dog. An ideal candidate for the Germans… lets get him the application form.\r\n\r\nBasically the U.S. and EUROZONE areas are on divergent monetary policies. So the EUR/USD is in safe hands.\r\n\r\nThe biggest trading partner of the EUROZONE however is Japan. Those clever Japanese chaps, have more money than anyone, and they are on a “weaken” the JPY policy. They are committing three times more cash than Helicopter Ben was doing at his peak to support the U.S. equity markets.\r\n\r\nI suppose this comes down to how the markets react. We will the see the EUR lower against the JPY as well or will this JPY pair act like the other JPY pairs. Only time will tell.\r\n\r\nThe Australian and New Zealand governments are on a weakening policy as well, although these two countries are small fry in this game as it plays out.\r\n\r\nMy gut feeling at the moment, with the information on hand, is that the USD will conquer all and as far as the JPY is concerned the USD/JPY will dictate JPY price action to a limited degree allowing the AUD/JPY, NZD/JPY and EUR/JPY to weaken using the USD as cross rates towards the JPY. But hey… who knows at this precise point at time.\r\n\r\nThe bottom-line is that the USD (DXY) is in breakout territory, before interest rates have actually been raised. I know the argument about equities being a forwarding pricing mechanism, but frankly it’s not 100% priced in at the moment , in my opinion, and momentum moves markets as well.\r\n\r\nMy thought process is that if you took the following trades today, closed your computer and opened it up in June next year (2015) I think you would be in quite a nice profitable trading position: -\r\n\r\nAUD/USD, EUR/USD, GBP/USD and NZD/USD all short\r\nand the\r\nUSD/CHF, USD/CAD, USD/JPY, USD/SEK and USD/NOK all long\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>EUR/USD: Closing Price 1.2514.</strong> The sell off in the EUR/USD continues even though Draghi did very little himself to keep it going. Good economic statistics on the job front and ISM data on Friday did the trick. The EUR/USD has now fallen about 1400 pips from it’s May 2014 highs. The next support level is 1.2460. On the other side of the trade resistance now lies back up at 1.2660. Unless we pass this level I think we are still very bearish.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5966</strong>. I heard one analyst call the cable “poop on a stick”. Can’t really argue with that. The sell off post Scottish referendum continues and God only knows where we would be now on a YES vote. Probably pushing 1.5000. Where we are ultimately going with this pair no one can really know. All I can say is that we are extremely bearish. The next stopping point for support is 1.5750. Resistance is good back at 1.6000 and then 1.6160.\r\n\r\n<strong>AUD/USD: Closing Price 0.8673</strong>. In the past week we have seen another 100-pip sell off in the Aussie. We are slowly making our way to 0.8000. I think that this is the area that RBA governor Glenn Stevens has in mind as an equitable exchange rate for the AUD/USD. We closed just back above 0.8660, which had been holding us up from falling on a couple of occasions over recent days.\r\nSupport is at 0.8660 and below there its looking like 0.8570. On the upside there will be sellers ready to step in around 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7756</strong>. This Kiwi also pulled back another 100 pips on its decline to the target of 0.6500 set out by the New Zealand Prime Minister recently. I think that a run for 0.7500 looks on the cards it is just a question of how fast we run from 0.7500 to 0.7000. That may take some time, as the fall from 0.8800 to 0.7800 was very rapid. We need to slow things up a little for the good health of business that transacts in and out of New Zealand. Support will be good at 0.7700 and resistance at 0.7850 is strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1242.</strong> We are now in breakout territory for the “Loonie”. It is just a question of will it behave now? The fall in the price of Crude is helping to keep this currency pair elevated and as long as this continues we should see the USD/CAD push higher. The next level of resistance is around 1.1290 to 1.1320. Support is good at 1.1230 and below there 1.1180.\r\n\r\n<strong>USD/CHF: Closing Price 0.9670</strong>. As the EUR/USD fell the USD/CHF broke through tough resistance and pushed higher. I can see parity and above again before too long with this pair. Now that we are above 0.9600 the next big resistance is really at 0.9750. Support is good back at 0.9580.\r\n\r\n<strong>USD/JPY: Closing Price 109.75. </strong>Over the last week it has been a bit of a roller coaster for the USD/JPY. It struck at 110.00 and dropped back 200 pips only to bounce back after Non-Farm Payrolls. Resistance is obviously strong at the highs of 110.00. Support will be strong at 108.50\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: NZD – NZIER Business Confidence.\r\nMONDAY: CAD – Ivey PMi.\r\nMONDAY: AUD – RBA Rate Statement and Interest Rates.\r\n\r\nTUESDAY: CAD – Building Permits.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Asset Purchase Facility and Bank Rate.\r\n\r\nFRIDAY: CAD –Employment Change &amp; Unemployment Rate.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis should be a great week of trading coming up. There were some good moves after Non-Farm Payrolls on Friday so we should expect some consolidation on Monday in the North American session and then we could see the next leg lower in some of the currencies. In particular, the EUR/USD and GBP/USD, which both look vulnerable.\r\n\r\nIn addition, do not forget the commodity currencies. It’s all about commodities, they lead the markets in directional moves and the Aussie, Kiwi and Loonie all look in positions that could set up big moves. This is why under the section TRADES ON MY RADAR I am looking closely at the commodity cross-rates.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 4th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','THE ECB WILL BE SAVED BY THE FED','','inherit','open','closed','','4505-revision-v1','','','2014-10-04 14:39:58','2014-10-04 19:39:58','',4505,'https://weeklyfxdrivethru.com/4505-revision-v1/',0,'revision','',0),(4564,1,'2014-10-13 07:02:36','2014-10-13 12:02:36','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 11<sup>th</sup> October 2014\r\nREF: #105</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nAt the open yesterday, we saw some continued USD strength for a short while followed by a turnaround and this weakness in the USD has continued through to now.\r\n\r\nIs the USD bullish run over?\r\n\r\nIn my opinion, no it is not. This weakness in the USD is merely, in my opinion, a technical style move to re-test the breakdown points on the equity charts.\r\n\r\nUp until late last week the USD followed equities up or down, but in particular late last week (Friday, I think), the realization of a larger pullback than 5% suddenly hit the market and there was a realization that the pullback may be larger. The USD strengthened as equities sold off. This is key for me.\r\n\r\nI think that we have to remember the markets have moved a great distance and we have to have consolidation to work off the oversold conditions. The damage has to a large extent been done. But I do expect that these pullback moves in equities will be sold into. As soon as equities start to roll over that will be my time to look to re-enter long on the USD on the numerous set-ups that I featured in last weekend’s WEEKLY FX DRIVE THRU.\r\n\r\nCrude continues to move lower, which is continuing to weaken the CAD pairs.\r\n\r\nIn addition to the CAD pairs as/ should equities roll over I will be looking at the commodity cross-rates in detail.\r\n\r\nJapan, Canada and the U.S. all have holidays today, so this liquidity issues is also on my mind. This is an extra level of caution to bear in mind.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nAUD: - Business Confidence.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\nNo LIVE RADAR TRADES at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7884\r\nCurrent Profit / Loss Position: -93 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8770\r\nCurrent Profit / Loss Position: -61 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0424\r\nCurrent Profit / Loss Position: -83 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nIt will be a slow day today with all the national holidays. I will have initial trade set-ups in about 30-45 minutes and I will be on twitter to advise you of additional thoughts/actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#105 - THE DAILY FX POST, Monday 11th October 201','','publish','open','closed','','105-daily-fx-post-monday-11th-october-201','','','2014-10-13 07:02:36','2014-10-13 12:02:36','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4564',0,'member_posts','',0),(4508,1,'2014-10-04 14:42:49','2014-10-04 19:42:49','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWhat a week the last week was. There was so much anticipation and planning involved on trades and risk exposure ahead of the ECB and NFP.\r\n\r\nDraghi wasted a huge amount of my preparation time and efforts to have my TRADING PLAN options ready on Thursday for the ECB Press Conference, with the actual reality of the event being what I can only describe very politely as a wasteofeffingtime.com. His presentation was so wet; it was wetter than the wettest fish ever caught from the deepest and wettest part of the ocean. He delivered bugger all, wasted everyone’s time and showed the world for once and all that he and the ECB are puppets of Berlin. There can now be no confusion or belief otherwise.\r\n\r\nNon-Farm payrolls provided a pretty good number yesterday (3<sup>rd</sup> October) and the USD strength came flushing through the Forex market like a hot knife through butter. Key support and resistance levels were tested and I believe that this sets us Forex traders up perfectly for the coming weeks. I see no reason now why we should not be directional for some time. This is great news. In fact, it’s brilliant news. I think in seven years of trading I can only remember true directional trading maybe four, or five times…. happy days ahead…I hope!!\r\n\r\nTwo weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <span style=\"color: #0000ff;\"><strong>BLUE BOLD (27<sup>th</sup> September).</strong></span>\r\n\r\nFrom last week to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>. </span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em><em> </em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em><span style=\"color: #0000ff;\"> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong></span>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<strong><em><span style=\"color: #ff0000;\"> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</span>\r\n</em></strong><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.\r\n</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong></span><strong><em>\r\n</em></strong><em>\r\n<strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nThe only caveat I have now, based upon the above is that we may have to have a few days consolidation before the next leg lower.\r\n\r\nUse the EUR/USD as the key indicator regarding the size of the move. But, as always AUD/USD and USD/CAD commodity currencies are the lead indicators along with “The Holy Trinity” of GOLD, OIL and COPPER.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA great trading end of the third quarter, with the results to 30<sup>th</sup> September being:\r\n\r\nMICRO LOTS – cost of trades $37.30 - PROFIT $ 802.50\r\nMINI LOTS – cost of trades $373.00 - PROFIT $8,025.00\r\nSTANDARD LOTS – cost of trades $3,730.00 - PROFIT $ 80,260.00\r\n\r\n(All from single lot trades total of 373 trades 2014 to date)\r\n\r\nThe PREMIUM SERVICE really caters for all types of traders and all sizes of wallets.\r\n\r\nThe first three days of October summarized below are showing a continuation of the great September performance continuing.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\"><img class=\"aligncenter size-full wp-image-4486\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SEWRVICE-PROFITS1-04102014.png\" alt=\"PREM SEWRVICE PROFITS1 04102014\" width=\"447\" height=\"421\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\"><img class=\"aligncenter size-full wp-image-4487\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS2-04102014.png\" alt=\"PREM SERVICE PROFITS2 04102014\" width=\"454\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE ECB WILL BE SAVED BY THE FED</strong></span></p>\r\nA totally pathetic performance from Draghi last week really highlighted a fundamental flaw with the single currency. Draghi’s hands are tied and he is what I have said for years now, just a puppet of Berlin. Between the Bundesbank and Angela Merkel he really has limited flexibility with approach.\r\n\r\nHe can verbalize all he wants but when it comes to anything beyond verbalization and playing with interest rates the ECB is really operating as a central bank with no real emergency powers.\r\n\r\nGermany runs the EUROZONE and that is a fact. The rest of the single currency countries may as well be regions of Germany like Saxony. The EUROZONE periphery countries are trying to boost and grow their own GDP results without the ability to control their own central bank to loosen policies. To be honest, without this control / help they are farting against thunder.\r\n\r\nGermany says no…. so the periphery suffers.\r\n<ol>\r\n	<li>CPi:</li>\r\n	<li>PMi: data is patchy at best.</li>\r\n	<li>UNEMPLOYMENT: percentages are at record high levels. (Youth unemployment…the future of the EUROZONE is criminally high).</li>\r\n	<li>CURRENCY EXCHANGE RATES: Too high they prevent exports flourishing.</li>\r\n	<li>BUSINESS CONFIDENCE SURVEYS: At low levels.</li>\r\n</ol>\r\n(None of the above data represents anything remotely like a rosy picture)\r\n\r\n&nbsp;\r\n\r\nSo, so far Draghi has cut interest rates and introduced negative deposit rates for banks depositing monies overnight at the ECB. This has brought the exchange rate of the EUR/USD lower from 1.3980 in May 2014 to around present levels at 1.2500.\r\n\r\nThis is a 1,400-pip move and should not be under-estimated. The easy money as they say has been made. Now we have the crucial move to happen and Draghi is helpless. I know, there are TLTRO’s and QE factors to consider, but the initial TLTRO take up was poor and purchasing ABS through QE in the EUROZONE has massive legal problems for the ECB so I am discounting this as nothing more than verbalization from Draghi to once again move the markets with another version of his “Whatever it takes’. Draghi is the master of talk and the master delay or just no follow up at all. Talk is cheap.\r\n\r\nBut like a “Hollywood Wild West” movie of the past…the cavalry is on the horizon. What a strange looking cavalry picture I could give you - Janet Yellen and a black stallion? Do not panic I am not going there.\r\n\r\nBut the FED is the cavalry as far as the ECB should be concerned. FED policy will strengthen the USD and by virtue of this fact the EUR will weaken, at least against the USD.\r\n\r\nRemember the FED is on a tightening monetary policy as QE (Quantitative Easing) finishes this month. Within 6 months U.S. interest rates will be rising.\r\n\r\nThe ECB are committed to a low rate accommodative policy (loosening) for what could be years. The ECB has DEFLATION, despite what all bankers, Country-head leaders, Finance ministers and Draghi says. They call it dis-inflation. My a** - call it what it is.\r\n\r\nThe EUROZONE economy is weak and they (Leaders and ECB) are so dis-jointed they cannot even after 6/7 years have a committed agreed policy to tackle the issues.\r\n\r\nEvery single initiative announced by the ECB or EUROZONE is never completed. Where is for example the Banking Tzar? Don’t worry they are only three years trying to hammer out a job spec and job size for the position, never mind finding a patsy to do it.\r\n\r\nHoly Mother of God, my eldest Labrador Ozzy (3.5 years old) can do that job. As long as you say to Berlin and the Bundesbank, eat fine food and drink fine wines; well he would only be on water but he could bring home a bottle or two of the fine wines drunk in EUROZONE for his daddy!. Ozzy is Labrador, he can eat tons of food, all types he is not discerning at all, and once he understands the routine no better dog. An ideal candidate for the Germans… lets get him the application form.\r\n\r\nBasically the U.S. and EUROZONE areas are on divergent monetary policies. So the EUR/USD is in safe hands.\r\n\r\nThe biggest trading partner of the EUROZONE however is Japan. Those clever Japanese chaps, have more money than anyone, and they are on a “weaken” the JPY policy. They are committing three times more cash than Helicopter Ben was doing at his peak to support the U.S. equity markets.\r\n\r\nI suppose this comes down to how the markets react. We will the see the EUR lower against the JPY as well or will this JPY pair act like the other JPY pairs. Only time will tell.\r\n\r\nThe Australian and New Zealand governments are on a weakening policy as well, although these two countries are small fry in this game as it plays out.\r\n\r\nMy gut feeling at the moment, with the information on hand, is that the USD will conquer all and as far as the JPY is concerned the USD/JPY will dictate JPY price action to a limited degree allowing the AUD/JPY, NZD/JPY and EUR/JPY to weaken using the USD as cross rates towards the JPY. But hey… who knows at this precise point at time.\r\n\r\nThe bottom-line is that the USD (DXY) is in breakout territory, before interest rates have actually been raised. I know the argument about equities being a forwarding pricing mechanism, but frankly it’s not 100% priced in at the moment , in my opinion, and momentum moves markets as well.\r\n\r\nMy thought process is that if you took the following trades today, closed your computer and opened it up in June next year (2015) I think you would be in quite a nice profitable trading position: -\r\n\r\nAUD/USD, EUR/USD, GBP/USD and NZD/USD all short\r\nand the\r\nUSD/CHF, USD/CAD, USD/JPY, USD/SEK and USD/NOK all long\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>EUR/USD: Closing Price 1.2514.</strong> The sell off in the EUR/USD continues even though Draghi did very little himself to keep it going. Good economic statistics on the job front and ISM data on Friday did the trick. The EUR/USD has now fallen about 1400 pips from it’s May 2014 highs. The next support level is 1.2460. On the other side of the trade resistance now lies back up at 1.2660. Unless we pass this level I think we are still very bearish.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5966</strong>. I heard one analyst call the cable “poop on a stick”. Can’t really argue with that. The sell off post Scottish referendum continues and God only knows where we would be now on a YES vote. Probably pushing 1.5000. Where we are ultimately going with this pair no one can really know. All I can say is that we are extremely bearish. The next stopping point for support is 1.5750. Resistance is good back at 1.6000 and then 1.6160.\r\n\r\n<strong>AUD/USD: Closing Price 0.8673</strong>. In the past week we have seen another 100-pip sell off in the Aussie. We are slowly making our way to 0.8000. I think that this is the area that RBA governor Glenn Stevens has in mind as an equitable exchange rate for the AUD/USD. We closed just back above 0.8660, which had been holding us up from falling on a couple of occasions over recent days.\r\nSupport is at 0.8660 and below there its looking like 0.8570. On the upside there will be sellers ready to step in around 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7756</strong>. This Kiwi also pulled back another 100 pips on its decline to the target of 0.6500 set out by the New Zealand Prime Minister recently. I think that a run for 0.7500 looks on the cards it is just a question of how fast we run from 0.7500 to 0.7000. That may take some time, as the fall from 0.8800 to 0.7800 was very rapid. We need to slow things up a little for the good health of business that transacts in and out of New Zealand. Support will be good at 0.7700 and resistance at 0.7850 is strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1242.</strong> We are now in breakout territory for the “Loonie”. It is just a question of will it behave now? The fall in the price of Crude is helping to keep this currency pair elevated and as long as this continues we should see the USD/CAD push higher. The next level of resistance is around 1.1290 to 1.1320. Support is good at 1.1230 and below there 1.1180.\r\n\r\n<strong>USD/CHF: Closing Price 0.9670</strong>. As the EUR/USD fell the USD/CHF broke through tough resistance and pushed higher. I can see parity and above again before too long with this pair. Now that we are above 0.9600 the next big resistance is really at 0.9750. Support is good back at 0.9580.\r\n\r\n<strong>USD/JPY: Closing Price 109.75. </strong>Over the last week it has been a bit of a roller coaster for the USD/JPY. It struck at 110.00 and dropped back 200 pips only to bounce back after Non-Farm Payrolls. Resistance is obviously strong at the highs of 110.00. Support will be strong at 108.50\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: NZD – NZIER Business Confidence.\r\nMONDAY: CAD – Ivey PMi.\r\nMONDAY: AUD – RBA Rate Statement and Interest Rates.\r\n\r\nTUESDAY: CAD – Building Permits.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Asset Purchase Facility and Bank Rate.\r\n\r\nFRIDAY: CAD –Employment Change &amp; Unemployment Rate.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis should be a great week of trading coming up. There were some good moves after Non-Farm Payrolls on Friday so we should expect some consolidation on Monday in the North American session and then we could see the next leg lower in some of the currencies. In particular, the EUR/USD and GBP/USD, which both look vulnerable.\r\n\r\nIn addition, do not forget the commodity currencies. It’s all about commodities, they lead the markets in directional moves and the Aussie, Kiwi and Loonie all look in positions that could set up big moves. This is why under the section TRADES ON MY RADAR I am looking closely at the commodity cross-rates.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 4th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','THE ECB WILL BE SAVED BY THE FED','','inherit','open','closed','','4505-revision-v1','','','2014-10-04 14:42:49','2014-10-04 19:42:49','',4505,'https://weeklyfxdrivethru.com/4505-revision-v1/',0,'revision','',0),(4510,1,'2014-10-06 06:59:47','2014-10-06 11:59:47','&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></span>\r\n\r\n<span style=\"font-size: 10pt;\"><strong>DATE: Monday 6<sup>th</sup> October 2014\r\nREF: #101</strong></span>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nBefore starting today’s blog, I just want to say thanks for the subscriptions from the new members who have joined over the past few days.\r\n\r\nWith the excitement of NFP out of the way, what lies ahead?\r\n\r\nI am trying not to get too carried away but I think we have a strong chance of some great momentum moves ahead as the USD gains strength. We have seen quite a big move in the USD (DXY) following NFP that today, at least, I am expecting a little consolidation / pullback. So far this has been the case but pullbacks are incredibly shallow so far.\r\n\r\nOn Friday last week I took 50% of my position sizes off the table to limit risk over the weekend. As I tweeted I would re-enter on pullbacks, I tweeted my thoughts on entry levels last night (EDT) and those levels I am sticking with.\r\n\r\nI had a function yesterday afternoon following the Japanese GP, so I missed the open. Had I been around I would have closed all trades to enter fresh again as the GAPS were in my favour, as it is, I am still in all the original trades and waiting on pullbacks to add. Only the AUD/USD has triggered from last nights entry levels.\r\n\r\nI think that the USD strength is consolidating so it is a great market at the moment for selling into rallies and buying on dips.\r\n\r\nWatch GOLD, OIL and COPPER today, there are consolidating as well presently but they could lead the USD higher. In addition the commodity currencies should be eyed. AUD/USD, NZD/USD and USD/CAD have all pulled back a little, they will lead especially if equities pullback.\r\n\r\nI am away for the day very shortly to Saratoga Springs (U.S.) for a meeting and so I will not be around at all.\r\n\r\nI am comfortable to leave all trades as they are and my re-entry limit orders in position as well.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nCAD: - IVEY PMi.\r\nNZD: - Business Confidence.\r\nJPY: - Monetary Policy Statement\r\nAUD: - Cash Rate and RBA Statement.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1200\r\nStop at 1.0800\r\nLimit at 1.1550\r\nPrice Now: 1.1209\r\nCurrent Profit / Loss Position: +9 pips.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPrice Now: 0.7787\r\nCurrent Profit / Loss Position: +6 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.8820\r\nLimit at 0.8000\r\nPrice Now: 0.8729\r\nCurrent Profit / Loss Position: -20 pips\r\n\r\nFT192\r\nEUR/USD\r\nShort at 1.2537\r\nStop at 1.2620\r\nLimit at 1.1860\r\nPrice Now: 1.2560\r\nCurrent Profit / Loss Position: -23 pips\r\n\r\nFT193\r\nGBP/USD\r\nShort at 1.6015\r\nStop at 1.6080\r\nLimit at 1.5750\r\nPrice Now: 1.5986\r\nCurrent Profit / Loss Position: +29 pips\r\n\r\nFT194\r\nUSD/CAD\r\nLong at 1.1230\r\nStop at 1.1150\r\nLimit at 1.1570\r\nPrice Now: 1.1218\r\nCurrent Profit / Loss Position: -12 pips<strong> </strong>\r\n\r\nFT195\r\nUSD/CHF\r\nLong at 0.9655\r\nStop at 0.9580\r\nLimit at 0.9950\r\nPrice Now: 0.9646\r\nCurrent Profit / Loss Position: -9 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0522\r\nCurrent Profit / Loss Position: +15 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nNone are in position for new trades at the moment. I will look at Nordic and Commodity Cross-rate pairs this evening when I get back home from trip to the USA.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nConsolidations after NFP and pullbacks are in play today. Be careful try not to pick the tops but look at each pair on its individual merits. I will NOT be able to amend any trades today but all stops and position sizes that could trigger are well within my RISK MANAGEMENT tolerances.\r\n\r\nDo NOT over size your positions, as I know a few of you do this. If you have to wait until you have a healthy profit and can place a protective stop. This is NOT my trading style but I know some of you do this.\r\n\r\nI have my TRADE PLAN and I stick to it…..\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#101 - THE DAILY FX POST, Monday 6th October 2014','','inherit','open','closed','','4509-revision-v1','','','2014-10-06 06:59:47','2014-10-06 11:59:47','',4509,'https://weeklyfxdrivethru.com/4509-revision-v1/',0,'revision','',0),(4512,1,'2014-10-07 06:31:39','2014-10-07 11:31:39','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 7<sup>th</sup> October 2014\r\nREF: #102</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nYesterday the USD was smacked about a bit, today it appears to be holding its own.\r\n\r\nOvernight I was able to get some nice entries based upon yesterday’s price action. In early Asia we had the start of the pullback then a little bounce (where I stepped in) and now the leg lower has begun once again. There is a good bit of volatility around, as world geopolitical events still weigh in across all markets: - Ebola, ISIS to name but two.\r\n\r\nGOLD, OIL and COPPER are all marginally lower once again, and this will keep the USD well bid.\r\n\r\nThere is only CAD Building Permits to worry us on economic data this morning that could be seen as market moving and this should be localized to the “Loonie”.\r\n\r\nI am not looking to add to existing positions today; I think that this will be my plan a little later in the week. I am looking to consolidate my six LIVE trades for now.\r\n\r\nLast evening, the RBA (Rate announcement and Statement) was not as vocal as I thought that it was going to be regarding the present valuation of the AUD. I cut my AUD/NZD long position as much that I had read, albeit in tired mode after 7 hours driving had been very much on the side of the RBA verbally intervening in stronger terms. Just shows you, no matter what the connection to the RBA they knew nothing of what Glenn Stevens had in store.\r\n\r\nAs a result the AUD/USD sprang up eventually, and took the NZD/USD with it. These are the two pairs on my radar today; they look very strong, which may lead to some great opportunities. The AUD and NZD together with cross-commodity currencies are very much in-sight today; keep a look out later for charts on these.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nCAD: - Building Permits.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT183\r\nGBP/USD\r\nShort at 1.6080\r\nStop at 1.6185\r\nLimit at 1.5370\r\nPrice Now: 1.6055\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\nRT184\r\nEUR/USD\r\nShort at 1.2660\r\nStop at 1.2750\r\nLimit at 1.1860\r\nPrice Now: 1.2595\r\nCurrent Profit / Loss Position: +65 pips\r\n\r\nRT185\r\nUSD/CAD\r\nLong at 1.1150\r\nStop at 1.1080\r\nLimit at 1.1570\r\nPrice Now: 1.1170\r\nCurrent Profit / Loss Position: +20 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPrice Now: 0.7819\r\nCurrent Profit / Loss Position: -26 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.8850 (NOTE: REVISED STOP)\r\nLimit at 0.8000\r\nPrice Now: 0.8784\r\nCurrent Profit / Loss Position: -75 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0528\r\nCurrent Profit / Loss Position: +21 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT182\r\nUSD/CHF\r\nLong at 0.9580\r\nStop at 0.9480\r\nLimit at 0.9950\r\nPrice Now: N/A\r\nCurrent Profit / Loss Position: N/A\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nYesterday taught me a lesson. Although I was expecting consolidation and a pullback I did not set me stops accordingly. There was a nice USD squeeze that resulted in some small losses that I could have easily avoided had I placed proper stops in position.\r\n\r\nI had it in my mind that pullbacks would continue to shallow. As discussed on email with a few of you last night. My stops were only marginally away (annoyingly….argh!!) from where the squeeze ended, but I should have known better. The first day after NFP and all that, however, I have some great opportunities at higher levels to establish stronger trading positions.\r\n\r\nToday, will be a quiet day, I think…\r\n\r\nI will be analyzing charts this morning (EDT), with the view to distributing these throughout the day. There are lots of currency pairs to look at.\r\n\r\nGood luck today.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#102 - THE DAILY FX POST - Tuesday 7th October 2014','','inherit','open','closed','','4511-revision-v1','','','2014-10-07 06:31:39','2014-10-07 11:31:39','',4511,'https://weeklyfxdrivethru.com/4511-revision-v1/',0,'revision','',0),(4513,1,'2014-10-07 06:47:19','2014-10-07 11:47:19','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Tuesday 7<sup>th</sup> October 2014\r\nREF: #102</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nYesterday the USD was smacked about a bit, today it appears to be holding its own.\r\n\r\nOvernight I was able to get some nice entries based upon yesterday’s price action. In early Asia we had the start of the pullback then a little bounce (where I stepped in) and now the leg lower has begun once again. There is a good bit of volatility around, as world geopolitical events still weigh in across all markets: - Ebola, ISIS to name but two.\r\n\r\nGOLD, OIL and COPPER are all marginally lower once again, and this will keep the USD well bid.\r\n\r\nThere is only CAD Building Permits to worry us on economic data this morning that could be seen as market moving and this should be localized to the “Loonie”.\r\n\r\nI am not looking to add to existing positions today; I think that this will be my plan a little later in the week. I am looking to consolidate my six LIVE trades for now.\r\n\r\nLast evening, the RBA (Rate announcement and Statement) was not as vocal as I thought that it was going to be regarding the present valuation of the AUD. I cut my AUD/NZD long position as much that I had read, albeit in tired mode after 7 hours driving had been very much on the side of the RBA verbally intervening in stronger terms. Just shows you, no matter what the connection to the RBA they knew nothing of what Glenn Stevens had in store.\r\n\r\nAs a result the AUD/USD sprang up eventually, and took the NZD/USD with it. These are the two pairs on my radar today; they look very strong, which may lead to some great opportunities. The AUD and NZD together with cross-commodity currencies are very much in-sight today; keep a look out later for charts on these.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nCAD: - Building Permits.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT183\r\nGBP/USD\r\nShort at 1.6080\r\nStop at 1.6185\r\nLimit at 1.5370\r\nPrice Now: 1.6055\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\nRT184\r\nEUR/USD\r\nShort at 1.2660\r\nStop at 1.2750\r\nLimit at 1.1860\r\nPrice Now: 1.2595\r\nCurrent Profit / Loss Position: +65 pips\r\n\r\nRT185\r\nUSD/CAD\r\nLong at 1.1150\r\nStop at 1.1080\r\nLimit at 1.1570\r\nPrice Now: 1.1170\r\nCurrent Profit / Loss Position: +20 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPrice Now: 0.7819\r\nCurrent Profit / Loss Position: -26 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.8850 (NOTE: REVISED STOP)\r\nLimit at 0.8000\r\nPrice Now: 0.8784\r\nCurrent Profit / Loss Position: -75 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0528\r\nCurrent Profit / Loss Position: +21 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT182\r\nUSD/CHF\r\nLong at 0.9580\r\nStop at 0.9480\r\nLimit at 0.9950\r\nPrice Now: N/A\r\nCurrent Profit / Loss Position: N/A\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nYesterday taught me a lesson. Although I was expecting consolidation and a pullback I did not set me stops accordingly. There was a nice USD squeeze that resulted in some small losses that I could have easily avoided had I placed proper stops in position.\r\n\r\nI had it in my mind that pullbacks would continue to shallow. As discussed on email with a few of you last night. My stops were only marginally away (annoyingly….argh!!) from where the squeeze ended, but I should have known better. The first day after NFP and all that, however, I have some great opportunities at higher levels to establish stronger trading positions.\r\n\r\nToday, will be a quiet day, I think…\r\n\r\nI will be analyzing charts this morning (EDT), with the view to distributing these throughout the day. There are lots of currency pairs to look at.\r\n\r\nGood luck today.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#102 - THE DAILY FX POST - Tuesday 7th October 2014','','inherit','open','closed','','4511-revision-v1','','','2014-10-07 06:47:19','2014-10-07 11:47:19','',4511,'https://weeklyfxdrivethru.com/4511-revision-v1/',0,'revision','',0),(4515,1,'2014-10-09 07:21:13','2014-10-09 12:21:13','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\">\r\nfrom</span>\r\n<span style=\"font-size: 14pt;\">\r\nTHE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 9<sup>th</sup> October 2014\r\nREF: #103</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD continues to get beaten up today so far.\r\n\r\nI have a sea of red across my profit/loss positions. Five LIVE trades, with three of them now hedged. The other two trades are modest loss positions.\r\n\r\nThose of you who have been with me from before the PREMIUM SERVICE would be well aware that I hedge from time to time (I have supplied details of my hedging strategies to the TRADING ESSENTIALS area of the website). Usually, my hedging is reserved for FUNDAMENTAL TRADES but I did alert you yesterday that I would apply this strategy to the AUD/USD (FT191) and NZD/USD (FT190). I do not intend to keep these hedges in place for much longer than a few sessions as I do not want to pay SWAP COSTS for more than a few nights. It can be expensive at the moment. Thankfully these positions are 20% trade sizes, except the NZD/USD, which is 33%.\r\n\r\nAs you know I am a FUNDAMENTAL TRADER first then TECHNICAL. The technical were lined up for me, and my probability success rate is very good so I will carry on with these trades for the time being.\r\n\r\nLast night (2200-2300 EDT), I was in email conversations with a couple of you who had pulled trades off the table to wait and see and re-enter next week. This is sensible. You simply cannot have a 100% success rate all the time it is 99.9999% impossible.\r\n\r\nAs I mentioned to you I tweeted my intentions with the GBP/USD (FT197) and EUR/USD (FT196) shorts. I am still TRADING MY PLAN with these two trades plus the other three. Should the EUR/USD and GBP/USD start to run away, beyond my tolerance levels I will cut them and review the other trades, and take a 100 pip or so loss. I am 100% prepared to do this, but NOT yet. If I closed all 5 trades my loss would be approximately 400 pips and the $$$ value in total not over 1.15% of my account balances, this is well within my published limit of 3% per trade.\r\n\r\nI am very disciplined in MONEY/RISK MANAGEMENT and control this area very well. My RISK EXPOSURE right now allows me to more than treble the position sizes of my trades should I decide to do so.\r\n\r\nI am fully aware and you guys should be as well, that everybody trades with different RISK TOLERANCES. As I have stated many, many times, it’s not about the size of your broker account it is how well you MANAGE RISK.\r\n\r\nI have spoken several times with many of you on chat, SKYPE and email and given my thoughts on how I would approach the market in your shoes given your account size, and I know from feedback it has been successful more times than not.\r\n\r\nI trade with the big picture always in my thoughts, the FUNDAMENTALS are poor in the EUROZONE and both the Australian and New Zealand governments want their currencies weakened. The ECB and FED are on monetary policy divergent paths.\r\nNothing changed yesterday, the FUNDAMENTALS are STILL POOR the market is what it is it moved on an interpretation of policy.\r\n\r\nI hope that clarifies my trading position and future ideas / plans.\r\n\r\nMoving on: -\r\n\r\nLooking around the markets, the Asian and European sessions followed the “DOVISH” FED minutes and equities rallied and the USD was taken to the woodshed.\r\n\r\nAt the time of writing this article, European markets were starting to pullback and the U.S. futures were all negative. Regarding the “Holy Trinity” Oil continues to fall, but metals were all on the upside. Why GOLD is up beggar’s belief there is zero inflation in the world at the moment? (It looks like pure and simple technical move).\r\n\r\nNews today sees the U.S. Weekly Jobless claims and should these be good numbers and there is nothing that I can see that they should not, the USD should strengthen a little. Lets wait and see.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Weekly Jobless Claims.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\nNo LIVE RADAR TRADES at the present time.<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7942\r\nCurrent Profit / Loss Position: -154 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8865\r\nCurrent Profit / Loss Position: -158 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\nFT196\r\nEUR/USD\r\nShort at 1.2747\r\nStop at 1.2850\r\nLimit at 1.2450\r\nPrice Now: 1.2771\r\nCurrent Profit / Loss Position: -24 pips\r\n\r\nFT197\r\nGBP/USD\r\nShort at 1.6176\r\nStop at 1.6300\r\nLimit at 1.5960\r\nPrice Now: 1.6208\r\nCurrent Profit / Loss Position: -32 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0396\r\nCurrent Profit / Loss Position: -111 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI am expecting profits to be taken on equities early on today by dealers selling into strength. I am expecting a small pullback today, if one does not happen I think that I will be pulling some trades off the table and wait until next week to re-enter again.\r\n\r\nI will be on twitter to advise you of my actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#103 - THE DAILY FX POST, Thursday 9th October 2014.','','publish','open','closed','','103-daily-fx-post-thursday-9th-october-2014','','','2014-10-09 07:21:13','2014-10-09 12:21:13','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4515',0,'member_posts','',0),(4516,1,'2014-10-09 07:20:00','2014-10-09 12:20:00','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\">\r\nfrom</span>\r\n<span style=\"font-size: 14pt;\">\r\nTHE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Thursday 9<sup>th</sup> October 2014\r\nREF: #103</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD continues to get beaten up today so far.\r\n\r\nI have a sea of red across my profit/loss positions. Five LIVE trades, with three of them now hedged. The other two trades are modest loss positions.\r\n\r\nThose of you who have been with me from before the PREMIUM SERVICE would be well aware that I hedge from time to time (I have supplied details of my hedging strategies to the TRADING ESSENTIALS area of the website). Usually, my hedging is reserved for FUNDAMENTAL TRADES but I did alert you yesterday that I would apply this strategy to the AUD/USD (FT191) and NZD/USD (FT190). I do not intend to keep these hedges in place for much longer than a few sessions as I do not want to pay SWAP COSTS for more than a few nights. It can be expensive at the moment. Thankfully these positions are 20% trade sizes, except the NZD/USD, which is 33%.\r\n\r\nAs you know I am a FUNDAMENTAL TRADER first then TECHNICAL. The technical were lined up for me, and my probability success rate is very good so I will carry on with these trades for the time being.\r\n\r\nLast night (2200-2300 EDT), I was in email conversations with a couple of you who had pulled trades off the table to wait and see and re-enter next week. This is sensible. You simply cannot have a 100% success rate all the time it is 99.9999% impossible.\r\n\r\nAs I mentioned to you I tweeted my intentions with the GBP/USD (FT197) and EUR/USD (FT196) shorts. I am still TRADING MY PLAN with these two trades plus the other three. Should the EUR/USD and GBP/USD start to run away, beyond my tolerance levels I will cut them and review the other trades, and take a 100 pip or so loss. I am 100% prepared to do this, but NOT yet. If I closed all 5 trades my loss would be approximately 400 pips and the $$$ value in total not over 1.15% of my account balances, this is well within my published limit of 3% per trade.\r\n\r\nI am very disciplined in MONEY/RISK MANAGEMENT and control this area very well. My RISK EXPOSURE right now allows me to more than treble the position sizes of my trades should I decide to do so.\r\n\r\nI am fully aware and you guys should be as well, that everybody trades with different RISK TOLERANCES. As I have stated many, many times, it’s not about the size of your broker account it is how well you MANAGE RISK.\r\n\r\nI have spoken several times with many of you on chat, SKYPE and email and given my thoughts on how I would approach the market in your shoes given your account size, and I know from feedback it has been successful more times than not.\r\n\r\nI trade with the big picture always in my thoughts, the FUNDAMENTALS are poor in the EUROZONE and both the Australian and New Zealand governments want their currencies weakened. The ECB and FED are on monetary policy divergent paths.\r\nNothing changed yesterday, the FUNDAMENTALS are STILL POOR the market is what it is it moved on an interpretation of policy.\r\n\r\nI hope that clarifies my trading position and future ideas / plans.\r\n\r\nMoving on: -\r\n\r\nLooking around the markets, the Asian and European sessions followed the “DOVISH” FED minutes and equities rallied and the USD was taken to the woodshed.\r\n\r\nAt the time of writing this article, European markets were starting to pullback and the U.S. futures were all negative. Regarding the “Holy Trinity” Oil continues to fall, but metals were all on the upside. Why GOLD is up beggar’s belief there is zero inflation in the world at the moment? (It looks like pure and simple technical move).\r\n\r\nNews today sees the U.S. Weekly Jobless claims and should these be good numbers and there is nothing that I can see that they should not, the USD should strengthen a little. Lets wait and see.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Weekly Jobless Claims.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\nNo LIVE RADAR TRADES at the present time.<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7942\r\nCurrent Profit / Loss Position: -154 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8865\r\nCurrent Profit / Loss Position: -158 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\nFT196\r\nEUR/USD\r\nShort at 1.2747\r\nStop at 1.2850\r\nLimit at 1.2450\r\nPrice Now: 1.2771\r\nCurrent Profit / Loss Position: -24 pips\r\n\r\nFT197\r\nGBP/USD\r\nShort at 1.6176\r\nStop at 1.6300\r\nLimit at 1.5960\r\nPrice Now: 1.6208\r\nCurrent Profit / Loss Position: -32 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0396\r\nCurrent Profit / Loss Position: -111 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI am expecting profits to be taken on equities early on today by dealers selling into strength. I am expecting a small pullback today, if one does not happen I think that I will be pulling some trades off the table and wait until next week to re-enter again.\r\n\r\nI will be on twitter to advise you of my actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#103 - THE DAILY FX POST, Thursday 9th October 2014.','','inherit','open','closed','','4515-revision-v1','','','2014-10-09 07:20:00','2014-10-09 12:20:00','',4515,'https://weeklyfxdrivethru.com/4515-revision-v1/',0,'revision','',0),(4517,1,'2014-10-09 07:21:13','2014-10-09 12:21:13','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\">\r\nfrom</span>\r\n<span style=\"font-size: 14pt;\">\r\nTHE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 9<sup>th</sup> October 2014\r\nREF: #103</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD continues to get beaten up today so far.\r\n\r\nI have a sea of red across my profit/loss positions. Five LIVE trades, with three of them now hedged. The other two trades are modest loss positions.\r\n\r\nThose of you who have been with me from before the PREMIUM SERVICE would be well aware that I hedge from time to time (I have supplied details of my hedging strategies to the TRADING ESSENTIALS area of the website). Usually, my hedging is reserved for FUNDAMENTAL TRADES but I did alert you yesterday that I would apply this strategy to the AUD/USD (FT191) and NZD/USD (FT190). I do not intend to keep these hedges in place for much longer than a few sessions as I do not want to pay SWAP COSTS for more than a few nights. It can be expensive at the moment. Thankfully these positions are 20% trade sizes, except the NZD/USD, which is 33%.\r\n\r\nAs you know I am a FUNDAMENTAL TRADER first then TECHNICAL. The technical were lined up for me, and my probability success rate is very good so I will carry on with these trades for the time being.\r\n\r\nLast night (2200-2300 EDT), I was in email conversations with a couple of you who had pulled trades off the table to wait and see and re-enter next week. This is sensible. You simply cannot have a 100% success rate all the time it is 99.9999% impossible.\r\n\r\nAs I mentioned to you I tweeted my intentions with the GBP/USD (FT197) and EUR/USD (FT196) shorts. I am still TRADING MY PLAN with these two trades plus the other three. Should the EUR/USD and GBP/USD start to run away, beyond my tolerance levels I will cut them and review the other trades, and take a 100 pip or so loss. I am 100% prepared to do this, but NOT yet. If I closed all 5 trades my loss would be approximately 400 pips and the $$$ value in total not over 1.15% of my account balances, this is well within my published limit of 3% per trade.\r\n\r\nI am very disciplined in MONEY/RISK MANAGEMENT and control this area very well. My RISK EXPOSURE right now allows me to more than treble the position sizes of my trades should I decide to do so.\r\n\r\nI am fully aware and you guys should be as well, that everybody trades with different RISK TOLERANCES. As I have stated many, many times, it’s not about the size of your broker account it is how well you MANAGE RISK.\r\n\r\nI have spoken several times with many of you on chat, SKYPE and email and given my thoughts on how I would approach the market in your shoes given your account size, and I know from feedback it has been successful more times than not.\r\n\r\nI trade with the big picture always in my thoughts, the FUNDAMENTALS are poor in the EUROZONE and both the Australian and New Zealand governments want their currencies weakened. The ECB and FED are on monetary policy divergent paths.\r\nNothing changed yesterday, the FUNDAMENTALS are STILL POOR the market is what it is it moved on an interpretation of policy.\r\n\r\nI hope that clarifies my trading position and future ideas / plans.\r\n\r\nMoving on: -\r\n\r\nLooking around the markets, the Asian and European sessions followed the “DOVISH” FED minutes and equities rallied and the USD was taken to the woodshed.\r\n\r\nAt the time of writing this article, European markets were starting to pullback and the U.S. futures were all negative. Regarding the “Holy Trinity” Oil continues to fall, but metals were all on the upside. Why GOLD is up beggar’s belief there is zero inflation in the world at the moment? (It looks like pure and simple technical move).\r\n\r\nNews today sees the U.S. Weekly Jobless claims and should these be good numbers and there is nothing that I can see that they should not, the USD should strengthen a little. Lets wait and see.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Weekly Jobless Claims.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\nNo LIVE RADAR TRADES at the present time.<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7942\r\nCurrent Profit / Loss Position: -154 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8865\r\nCurrent Profit / Loss Position: -158 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\nFT196\r\nEUR/USD\r\nShort at 1.2747\r\nStop at 1.2850\r\nLimit at 1.2450\r\nPrice Now: 1.2771\r\nCurrent Profit / Loss Position: -24 pips\r\n\r\nFT197\r\nGBP/USD\r\nShort at 1.6176\r\nStop at 1.6300\r\nLimit at 1.5960\r\nPrice Now: 1.6208\r\nCurrent Profit / Loss Position: -32 pips\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0396\r\nCurrent Profit / Loss Position: -111 pips\r\n(THIS TRADE IS HEDGED FROM -100 PIPS)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI am expecting profits to be taken on equities early on today by dealers selling into strength. I am expecting a small pullback today, if one does not happen I think that I will be pulling some trades off the table and wait until next week to re-enter again.\r\n\r\nI will be on twitter to advise you of my actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#103 - THE DAILY FX POST, Thursday 9th October 2014.','','inherit','open','closed','','4515-revision-v1','','','2014-10-09 07:21:13','2014-10-09 12:21:13','',4515,'https://weeklyfxdrivethru.com/4515-revision-v1/',0,'revision','',0),(4520,1,'2014-10-10 07:39:18','2014-10-10 12:39:18','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Friday 10th<sup>th</sup> October 2014\r\nREF: #104</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWow…bit of a change in 24 hours.\r\n\r\nA few of you know that in addition to my PREMIUM SERVICE trades I manage a few other trades and yesterday it was a nerves of steel day for me. I was in email conversations with a few of you yesterday during the day regarding my positions and how much more RISK could I tolerate. As stated yesterday in this blog, and, many times on previous occasions, I am always well within my RISK MANAGEMENT tolerances\r\n\r\nMy total limit on risk is 3% and yesterday via the broker accounts I operate with even with the total of risk added together I was below 1.2%.\r\n\r\nMoving forward; we are now in a period of market uncertainty…at least that\'s what I am reading. Frankly, I am a little confused; apart from Ebola, nothing fundamentally has changed. The markets are fickle, they are in denial, they are complacent and all this stuff about future pricing mechanisms, to this day I find this bizarre at times. The markets are like “ Chickens running around a farmyard with their heads chopped off” – direction causes a problem, it cannot see where it’s going.\r\n\r\nGuys…. Nothing has changed.\r\n\r\n<strong>There is no more QE.</strong>\r\n\r\n<strong>The FED and ECB are on divergent monetary policies.</strong>\r\n\r\n<strong>Commodities are leading the way.</strong>\r\n\r\n<strong>USD is bound to strengthen as liquidity dries up and commodities sell off.</strong>\r\n\r\n<strong>China slowing – demand for commodities dropping.</strong>\r\n\r\n<strong>Eurozone – where do I start… it is just so pathetically managed if it were a business managed by me… they would all be sacked in Brussels and the ECB.</strong>\r\n\r\n<strong>Equities are pulling back on JPY strength, bond prices moves add to JPY strength and equities are reacting lower.</strong>\r\n\r\n<strong>Geopolitical worries are still there… Ebola, ISIS, Ukraine/Russia.</strong>\r\n\r\nThe reactions to the FOMC minutes were just a complete overreaction in my opinion.\r\n\r\nI am not adding to trades today. I will be looking to next week to re-enter again. If you are going to trade today, be careful.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nNo LIVE RADAR TRADES at the present time.<strong> </strong>\r\n\r\n<strong>\r\nFLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7804\r\nCurrent Profit / Loss Position: -11 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8698\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\n<strong>\r\nFUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0534\r\nCurrent Profit / Loss Position: +27 pips\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI will be on twitter to advise you of my actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#104 - THE DAILY FX POST, Friday 10th October 2014','','inherit','open','closed','','4518-revision-v1','','','2014-10-10 07:39:18','2014-10-10 12:39:18','',4518,'https://weeklyfxdrivethru.com/4518-revision-v1/',0,'revision','',0),(4519,1,'2014-10-10 07:34:33','2014-10-10 12:34:33','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Friday 10th<sup>th</sup> October 2014\r\nREF: #104</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWow…bit of a change in 24 hours.\r\n\r\nA few of you know that in addition to my PREMIUM SERVICE trades I manage a few other trades and yesterday it was a nerves of steel day for me. I was in email conversations with a few of you yesterday during the day regarding my positions and how much more RISK could I tolerate. As stated yesterday in this blog, and, many times on previous occasions, I am always well within my RISK MANAGEMENT tolerances\r\n\r\nMy total limit on risk is 3% and yesterday via the broker accounts I operate with even with the total of risk added together I was below 1.2%.\r\n\r\nMoving forward; we are now in a period of market uncertainty…at least that\'s what I am reading. Frankly, I am a little confused; apart from Ebola, nothing fundamentally has changed. The markets are fickle, they are in denial, they are complacent and all this stuff about future pricing mechanisms, to this day I find this bizarre at times. The markets are like “ Chickens running around a farmyard with their heads chopped off” – direction causes a problem, it cannot see where it’s going.\r\n\r\nGuys…. Nothing has changed.\r\n\r\n<strong>There is no more QE.</strong>\r\n\r\n<strong>The FED and ECB are on divergent monetary policies.</strong>\r\n\r\n<strong>Commodities are leading the way.</strong>\r\n\r\n<strong>USD is bound to strengthen as liquidity dries up and commodities sell off.</strong>\r\n\r\n<strong>China slowing – demand for commodities dropping.</strong>\r\n\r\n<strong>Eurozone – where do I start… it is just so pathetically managed if it were a business managed by me… they would all be sacked in Brussels and the ECB.</strong>\r\n\r\n<strong>Equities are pulling back on JPY strength, bond prices moves add to JPY strength and equities are reacting lower.</strong>\r\n\r\n<strong>Geopolitical worries are still there… Ebola, ISIS, Ukraine/Russia.</strong>\r\n\r\nThe reactions to the FOMC minutes were just a complete overreaction in my opinion.\r\n\r\nI am not adding to trades today. I will be looking to next week to re-enter again. If you are going to trade today, be careful.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\nNo LIVE RADAR TRADES at the present time.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\n&nbsp;\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7804\r\nCurrent Profit / Loss Position: -11 pips\r\n\r\n&nbsp;\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8698\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\n&nbsp;\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0534\r\nCurrent Profit / Loss Position: +27 pips\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI will be on twitter to advise you of my actions as the day unfolds.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\n&nbsp;\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#104 - THE DAILY FX POST, Friday 10th October 2014','','inherit','open','closed','','4518-revision-v1','','','2014-10-10 07:34:33','2014-10-10 12:34:33','',4518,'https://weeklyfxdrivethru.com/4518-revision-v1/',0,'revision','',0),(4521,1,'2014-10-10 07:40:29','2014-10-10 12:40:29','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Friday 10th<sup>th</sup> October 2014\r\nREF: #104</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWow…bit of a change in 24 hours.\r\n\r\nA few of you know that in addition to my PREMIUM SERVICE trades I manage a few other trades and yesterday it was a nerves of steel day for me. I was in email conversations with a few of you yesterday during the day regarding my positions and how much more RISK could I tolerate. As stated yesterday in this blog, and, many times on previous occasions, I am always well within my RISK MANAGEMENT tolerances\r\n\r\nMy total limit on risk is 3% and yesterday via the broker accounts I manage with even with the total of risk added together I was below 1.2%.\r\n\r\nMoving forward; we are now in a period of market uncertainty…at least that\'s what I am reading. Frankly, I am a little confused; apart from Ebola, nothing fundamentally has changed. The markets are fickle, they are in denial, they are complacent and all this stuff about future pricing mechanisms, to this day I find this bizarre at times. The markets are like “ Chickens running around a farmyard with their heads chopped off” – direction causes a problem, it cannot see where it’s going.\r\n\r\nGuys…. Nothing has changed.\r\n\r\n<strong>There is no more QE.</strong>\r\n\r\n<strong>The FED and ECB are on divergent monetary policies.</strong>\r\n\r\n<strong>Commodities are leading the way.</strong>\r\n\r\n<strong>USD is bound to strengthen as liquidity dries up and commodities sell off.</strong>\r\n\r\n<strong>China slowing – demand for commodities dropping.</strong>\r\n\r\n<strong>Eurozone – where do I start… it is just so pathetically managed if it were a business managed by me… they would all be sacked in Brussels and the ECB.</strong>\r\n\r\n<strong>Equities are pulling back on JPY strength, bond prices moves add to JPY strength and equities are reacting lower.</strong>\r\n\r\n<strong>Geopolitical worries are still there… Ebola, ISIS, Ukraine/Russia.</strong>\r\n\r\nThe reactions to the FOMC minutes were just a complete overreaction in my opinion.\r\n\r\nI am not adding to trades today. I will be looking to next week to re-enter again. If you are going to trade today, be careful.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nNo LIVE RADAR TRADES at the present time.<strong> </strong>\r\n\r\n<strong>\r\nFLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7804\r\nCurrent Profit / Loss Position: -11 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8698\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\n<strong>\r\nFUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0534\r\nCurrent Profit / Loss Position: +27 pips\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI will be on twitter to advise you of my actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#104 - THE DAILY FX POST, Friday 10th October 2014','','inherit','open','closed','','4518-revision-v1','','','2014-10-10 07:40:29','2014-10-10 12:40:29','',4518,'https://weeklyfxdrivethru.com/4518-revision-v1/',0,'revision','',0),(4543,1,'2014-10-11 08:41:18','2014-10-11 13:41:18','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nHoly smokes… was that a week of volatility or what?\r\n\r\nTuesday / Wednesday last week, I wrote to my PREMIUM SERVICE subscribers stating that I was sticking with my open trades after the FOMC.\r\n\r\nI closed three trades just ahead of the release, them the fireworks began. My broker accounts on Wednesday evening at the close…. knowing that more pain was going to hit me in Asia were over quadruple digit pips negative.\r\n\r\nI was, however, still well within my RISK MANAGEMENT TOLERANCE of 3% per trade based upon my broker account balance.\r\n\r\nOn Thursday morning after the European session added more misery, it was a sea of red all over every accounts page. Then just before mid –morning in the European session, someone must have asked the question, what has actually changed from this time yesterday?\r\n\r\nA little earlier I had started writing my article for PREMIUM SERVICE subscribers via THE DAILY FX POST (blog) to be released later that morning. I was confirming that fundamentally, I felt comfortable with my trades apart from them being negative at that time, and that I was trading in the correct direction because at the time of entry all trades set up perfectly from a technical position. I said that I just couldn’t understand, what had fundamentally changed and, in my opinion, nothing actually had prior to and after the FOMC data release. In fact the move was solely based, in my opinion, upon a market over-reaction to the FOMC minutes.\r\n\r\nAs I was putting together THE DAILY FX POST, the European bourses started to move lower and U.S. futures started to slide red and the AUD/USD and NZD/USD started to drop along with OIL. The rest is history as they say, as all the trades that I has open started to turn positive as the day progressed.\r\n\r\nKeep on your radar the fact that the fundamentals are lousy in the EUROZONE, and Draghi spoke later on Thursday in Washington, which sent the EUR/USD and the equity markets lower. They continued selling off through Asia and the European sessions as well.\r\n\r\nMy main discussion this week is about the fundamentals facing the market and for PREMIUM SERVICE subscribers, this week, I have about 15 charts included in the full version of the WEEKLY FX DRIVE THRU. I want to take stock of where we are and plan future trades. Therefore, the TRADES ON MY RADAR section will be quite extensive this week. I will expand upon my thoughts for PREMIUM SERVICE subscribers later.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nIt was a poor start to the week, from which I did not fully recover. Having just written that, towards the end of the week I bounced back. I still have live trades not yet closed so they do not count in the October (so far) statistics. As I wrote to PREMIUM SERVICE subscribers earlier in the week, I had a great run on % profitable to loss trades of late, and, year to date I am still +85% profitable.\r\n\r\nI am human, when it’s a roller-coaster week for you; it’s the same roller-caster ride for me. It’s not very often that I produce a negative statement but overall it is only 4 pips!!!\r\n\r\nFinally for PREMIUM SERVICE subscribers, starting Monday, all trade set-ups via twitter will now be headed according to the type of trade.\r\n\r\nI know that many of you are part-time traders and cannot take all trades. If you have another source of income many of you are only interested in trades that require targeted entries and exits (RADAR &amp; FUNDAMENTAL trades in the main).\r\n\r\nTherefore all set-ups will be headed either: -\r\n\r\nFLASH TRADE (Reference prefix FT)\r\nRADAR TRADE (Reference prefix RT)\r\nor\r\nFUNDAMENTAL TRADE (Reference prefix FUN)\r\n\r\nI hope that small amendment will help you identify which trades are more applicable to you based upon the amount of time that you can spend at your computer.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\"><img class=\"aligncenter size-full wp-image-4541\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\" alt=\"PREM SERV PROFITS 1 11102014\" width=\"456\" height=\"433\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\"><img class=\"aligncenter size-full wp-image-4542\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\" alt=\"PREM SERV PROFITS 2 11102014\" width=\"470\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong><span style=\"font-size: 12pt;\">THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD</span></strong>\r\n\r\n&nbsp;\r\n\r\nI have to start this article by including a section from my previous two blogs.\r\n\r\nThree weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <strong><span style=\"color: #0000ff;\">BLUE BOLD (27<sup>th</sup> September).</span></strong>\r\n\r\nFrom last week <span style=\"color: #ff0000;\"><strong>(4<sup>th</sup> October)</strong></span> to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\"><strong><em> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.\r\n</em></strong></span><em>\r\n<strong>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.\r\n</strong></em></span>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong><strong><em>\r\n</em></strong></span><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span><strong> </strong>\r\n\r\nLet me also write, and I have said this many, many times over the past three years: -\r\n\r\n<span style=\"text-decoration: underline;\"><span style=\"font-size: 12pt;\"><strong>“It’s all about the commodities markets… it leads us”</strong></span></span>\r\n\r\nWhen a market turns, it is the commodities that lead us: Wheat, Milk, Cattle, Soy etc.\r\n\r\nThen the commodity currencies that are also lead indicators get on board: AUD/USD, NZD/USD, USD/CAD and USD/NOK.\r\n\r\nNext we see bond yields move…. this affects the USD/JPY and USD/CHF.\r\n\r\nAfter this we see the USD start to firm up as “The Holy Trinity” starts to fall GOLD, OIL and COPPER.\r\n\r\nThen the USD index (DXY) rises…\r\n\r\nBy now the VIX is moving upwards with volatility….\r\n\r\nFinally, as the USD (DXY) moves the equities markets come under pressure.\r\n\r\nWe have a plethora of geopolitical events that can be added into the mix as well.\r\n\r\nTechnically, we hit a number of market inflection points and we see massive swing moves as the markets wrestle between bulls and bears.\r\n\r\nThis is where we are now.\r\n\r\nAs Forex traders this can be a delight, but at the same time we must trade with some caution and not get carried away with the directional trading environment that we find ourselves with.\r\n\r\nHowever, there is still more to come for the following key reasons.\r\n\r\nThe added ingredients to this inflection point are:\r\n\r\n<span style=\"text-decoration: underline;\">MONETARY POLICY DIVERGENCES (THE FED &amp; ECB):</span>\r\n\r\nThe ECB and FED the two biggest world central banks are on opposite monetary policy programmes.\r\n\r\nThe FED is about to exit its Quantitative Easing (QE) market support programme later this month. The FED therefore is tightening. The great debate is when are they going to shift to a policy of increasing interest rates. This causes uncertainty, and the markets hate uncertainty. Uncertainty breeds volatility\r\n\r\nOn the other hand, we have the dithering ECB.\r\n\r\nSix years after the financial crash, the EUROZONE is struggling with DEFLATION and some of the periphery countries are in recession. This is my opinion, is due 100% to the fact that you simply cannot manage 18+ countries from a single chequeboook. The concept was a bad design and now Mario Draghi (God love him) has bigger problems. Germany is the EUROZONE powerhouse and in many ways it rules the EUROZONE in its own vision as if the entire EUROZONE are provinces of Germany, and to hell with the periphery countries. Draghi has an impossible job.\r\n\r\nThe ECB is on an internal collision course over its own attempts to introduce Quantitative Easing (QE). Draghi is high on rhetoric, low on action. There are few extraordinary measures left for him to attack and basically all Draghi has for the markets is “hot air” verbal intervention, and, frankly, we’ve heard it all before.\r\n\r\nBut the ECB is on a policy of weakening, adding liquidity to the EUROZONE in attempt to kick-start the periphery countries.\r\n\r\nThe big problem now, is that the powerhouse, Germany, is now suffering as well. Business confidence is low and retail PMI’s are falling as the Germans pull in spending\r\n\r\nDraghi has big, big problems.\r\n\r\n<span style=\"text-decoration: underline;\">CRITICAL GEOPOLITICAL AND ECONOMIC ISSUES /  EVENTS:</span>\r\n\r\nIt is a sad world that we live in. There is nearly always conflict around the globe that affects commodity prices such as oil. At the moment oil, is in a glut supply / demand position. Therefore, there is no upside price pressure at the moment. I am of course referring to ISIS in Iraq / Syria.\r\n\r\nRetail Sales figures around the world are suffering. If no one is buying finished goods, what is the point of manufacturing finished products. If there are no finished products selling, what’s the point of buying raw materials? This problem has not come home to roost yet and the EUROZONE being in such poor state will affect the world on this point.\r\n\r\nThe Ebola epidemic unless contained has the potential to get out of hand spreading not just to more African countries but much farther afield. We have had at the moment isolated cases in the USA and Spain, but with air travel being a very natural carrier of this disease unless rigid controls and regulations are placed in position, it will be a case of too little too late. This has the potential for panic and market uncertainty.\r\n\r\nI can also mention the BOE and rate increases plus maybe more QE from Japan. There are many more factors bubbling under than can send the markets into a tailspin.\r\n\r\nFinally yesterday (Friday) S&amp;P downgraded the French credit rating on the back of poor growth opportunities. The French economy is weak and this is yet another bullet aimed at the EUROZONE. In a rather humorous situation, when asked on a live debate about the breaking news the French Finance Minister who knew nothing about the downgrade, stated that it had nothing to do with France but more aimed at the EUROZONE. What can you say to that? Typical natural defense mechanism blames someone or something else.\r\n\r\nAs traders we just need to be aware of these issues and keep up to date with the news\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADER TOPICS:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>HOW TO ADJUST TO CHANGING TRADING CONDITIONS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nMarket volatility has been picking up lately and as a result; you may need to consider making the necessary adjustments to catch shorter-term price moves. As traders, we need to adapt, as staying profitable in the long-run requires that you are able to adapt to random market conditions.\r\n\r\nI have written several times about “high probability trades” understanding how to identify them. High probability trading is one of my keys to success as being a trader.\r\n\r\nThis is one of the few times I will use the word casino, or references to casinos on any page inside my blog or associate pages. As you know, I consider Forex Trading RISK MANAGEMENT, as traders we are RISK ASSESSORS not gamblers.\r\n\r\nHowever, just like a casino, traders are in the business of trying to be consistent and making money in a seemingly random work environment. The key is to think in terms of probabilities.\r\n\r\nThis is actually a little easier said than done, because it requires two layers of belief that you would initially think cannot coexist.\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\">TRADE- SPECIFIC LEVEL:</span></li>\r\n</ol>\r\nAt this stage, you have to understand and accept the uncertainty and unpredictability of each trade. Let me return to the casino for a moment and talk about Blackjack. As you know, you never know what cards you will be dealt, nor do you know how each player will play his or her own hand. These factors have a direct effect on the outcome of your hand.\r\n\r\nYet, there are some who make money-playing blackjack because they understand that each hand is STATISTICALLY INDEPENDENT of every other hand and that over time, if they follow basic strategy, they can decrease the house edge and actually generate a small profit.\r\n\r\nThe same can be true in trading. We have to understand that each trade is independent of every other trade. Whether your previous 10 trades were losing or profitable trades this has no bearing on the outcome of your next trade. Once you can accept this, you can easily take trades without being adversely affected.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\">MACRO LEVEL:</span></li>\r\n</ol>\r\nYou have to understand that over time and with a large enough sample size, the probability of profit or loss is relatively certain and predictable. This degree of certainty is based on the constant variables that are known in advance and most importantly, within your control.\r\n\r\n<span style=\"font-size: 10pt;\"><strong>“Once you recognize the independence of each trade and believe in letting good odds (probabilities) play themselves out, then you will have an easier time at removing emotions from your trades”.</strong></span>\r\n\r\n(In my opinion, the above in <strong>BOLD</strong> is one of the KEY factors in becoming a longer-term consistent Forex Trader)\r\n\r\nFor example, you’re less likely to exit a trade early if you know that your trade idea has a good probability of being profitable in the first place. Similarly, you’re less likely to lose sleep over the outcome of each trade if you know that given enough sample size, your trading method will most likely work our in your favour.\r\n\r\nHowever, before you place too much confidence in your trading method, you must first make sure that it has an edge over the markets. Without an edge, you are just like any random fool who walks into a casino; you may win once in a while, but over time, the casino will win because they have the edge over you.\r\n\r\nHow do you get “AN EDGE?” – fine tuning, trade set-ups, entry and exit disciplines, look at all the trading styles you can find and demo them until you have your EDGE.\r\n\r\nThis all leads back to the TRADING PLAN….. the document that I believe every trader should have. It contains everything that makes you the trader you are.\r\n\r\nThe bottom line is very straightforward, consistently profitable traders do NOT rely on luck. They simply rely on the fact and knowledge that their system works because they have put in the necessary efforts to make it work.\r\n\r\n<strong>\r\n</strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\nThere are no LIVE RADAR trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT1190\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPresent Price: 0.7813\r\nCurrent Profit / Loss Position: -20 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort\r\nCost Average at: 0.8709\r\nStop at 0.8820\r\nLimit at 0.8000\r\nPresent Price: 0.8684\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong\r\nCost Average at: 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPresent Price: 2.0563\r\nCurrent Profit / Loss Position: +56 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\nI have a lot of charts that I wanted to share with you and these may form the basis of several trades this coming week. At least if my thoughts are down on paper it will give you all a heads up as to my thoughts moving forward.\r\n\r\nI have NOT placed any limit orders with my brokers. My intention is to pick these potential trades off one at time as the entries permit.\r\n\r\nMany charts have my comments written on them and I will not repeat them in the body of the blog. It should be self-evident as you progress through this section.\r\n\r\n<span style=\"text-decoration: underline;\">EUR/USD</span> – chart below, looking to enter short. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4530\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-240M-11102014-1024x462.png\" alt=\"EURUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/USD</span> – chart below, looking to enter short. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4526\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-240M-11102014-1024x462.png\" alt=\"GBPUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">AUD/USD</span> – chart below, looking to add to my existing short position at higher levels. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/AUDUSD-60M-11102014.png\"><img class=\"aligncenter size-large wp-image-4535\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/AUDUSD-60M-11102014-1024x462.png\" alt=\"AUDUSD 60M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">NZD/USD</span> – chart below, looking to add to my existing short position at higher levels. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4525\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-240M-11102014-1024x462.png\" alt=\"NZDUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/JPY</span> – chart below. I think that this pair is one that could go a lot lower if equities really start to correct and bond yields carry on doing what they are doing right now. Personally, I am avoiding this pair as I still have sleepless nights over my JPY failures of about a year ago. I think we have a top at 110.00 and the bottom could be 107.30 but if this gives way 106.50 is next.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDJPY-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4522\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDJPY-DAILY-11102014-1024x462.png\" alt=\"USDJPY DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CAD</span> – chart below, looking to enter long. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCAD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4524\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCAD-240M-11102014-1024x462.png\" alt=\"USDCAD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CHF</span> – chart below. I am not really interested in this pair at the moment and see 0.9540 as the area to get me interested with a long trade. 0.9680 is the obvious immediate target.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCHF-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4523\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCHF-240M-11102014-1024x462.png\" alt=\"USDCHF 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/CAD</span> – chart below, looking to enter long and my comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURCAD-MONTHLY-11102014.png\"><img class=\"aligncenter size-large wp-image-4533\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURCAD-MONTHLY-11102014-1024x462.png\" alt=\"EURCAD MONTHLY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/CAD</span> – chart below. I am looking to enter long on a break of 1.8650.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCAD-MONTHLY-11102014.png\"><img class=\"aligncenter size-large wp-image-4528\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCAD-MONTHLY-11102014-1024x462.png\" alt=\"GBPCAD MONTHLY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/AUD</span> – chart below, there is a breakout from the bullish flag formation.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURAUD-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4534\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURAUD-DAILY-11102014-1024x462.png\" alt=\"EURAUD DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/AUD</span> – chart below. I am looking to enter long on a pullback towards 1.8370 if we can get it.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPAUD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4529\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPAUD-240M-11102014-1024x462.png\" alt=\"GBPAUD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/NZD</span> – chart below, I am looking to enter long and my comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4531\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-DAILY-11102014-1024x462.png\" alt=\"EURNZD DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/GBP</span> – chart below. I am looking to enter short but I do require a healthy pullback to reach my target entry level. I am NOT confident that my desired entry level can be achieved.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURGBP-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4532\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURGBP-DAILY-11102014-1024x462.png\" alt=\"EURGBP DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/CHF</span> – chart below. I am looking to enter long at 1.5400 with stops just below 1.5350, looking to target 1.5800.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCHF-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4527\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCHF-DAILY-11102014-1024x462.png\" alt=\"GBPCHF DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2621.</strong> A bounce of about 100 pips in the past seven days, but this pair is still very bearish. A nice pullback on Sunday night thru Asia into the European session would do very nicely with this pair. Support is at 1.2510 and resistance is at 1.2715.\r\n\r\n<strong>GBP/USD: Closing Price 1.6074</strong>. This pair very similar to the EUR/USD is about 100 pips off the lows of last week. Very similar to my thoughts on the EUR/USD, I am looking for a nice pullback to enter short. The areas that interest me are 1.5970 support to 1.6120 resistance.\r\n\r\n<strong>AUD/USD: Closing Price 0.8684</strong>. A very similar close to what we recorded last week. I am very bearish this pair. Support is at 0.8640 and resistance at 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7813</strong>. We have seen a little pullback with this pair over the past seven days. However, it is a bearish path that the Kiwi is following. I am looking at support at 0.7710 and resistance at 0.7920.\r\n\r\n<strong>USD/CAD: Closing Price 1.1198.</strong> Not much of a move in the past seven days for the “Loonie”, but I do think that as long as the price of oil remains under pressure this pair will weaken. My support and resistance levels are very similar to last weeks. The next level of resistance is good at 1.1270. Support is good at 1.1170.\r\n\r\n<strong>USD/CHF: Closing Price 0.9570</strong>. This pair is about 100 pips lower than the close it recorded last week. Looking forward, with this pair I am struggling to get excited about possible moves at the moment. Support is at 0.9540 and resistance at 0.9680.\r\n\r\n<strong>USD/JPY: Closing Price 107.62. </strong>The JPY roller coaster continues. As equities are pulling back (correcting) the USD/JPY pair has started to pullback in a normal correlated move. We have fallen over 200 pips from last weeks close and there is a huge potential downside move should equities correct. It is very hard to place support and resistance levels on this pair other than close support is at 107.30 and below this level it is 106.50. On the upside, resistance is at 108.00 and 108.50.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nGBP/CAD\r\nEUR/AUD\r\nGBP/AUD\r\nUSD/NOK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nAUD/USD\r\nAUD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nEUR/CHF\r\nAUD/NZD\r\n\r\n&nbsp;\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – New Business Confidence.\r\n\r\nTUESDAY: GBP – CPI.\r\nTUESDAY: EUR – German ZEW Economic Sentiment\r\nTUESDAY: CNY – CPI.\r\n\r\nWEDNESDAY: EUR – Mario Draghi speaks (x 2)\r\nWEDNESDAY: GBP – Employment Change and Unemployment Rate.\r\nWEDNESDAY: USD – Core Retail Sales.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD –Core CPi.\r\nFRIDAY: USD – Janet Yellen speaks.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>10. FINAL THOUGHTS:</strong></span>\r\n\r\nWe are in a very volatile market at the moment, and, I cannot see this altering anytime soon. The market is directional, which is good for us as traders. They keys to success in this market are pricing your entries correctly. It is a science trying to achieve the best entry levels, whether selling into strength or buying on dips.\r\n\r\nMy views on this given the fact that we are in a trending market are, that precise entries are not vital and at anytime picking tops and bottoms to the pip is great when it happens. However, most of the time we should be happy to lift 60%-70% of any move as profit. A little bit on every trade, is the way to succeed and achieve longevity as a trader.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 11th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD','','publish','open','closed','','fundamentals-commodities-leading-timenow-equities-finally-get-board','','','2014-10-11 08:41:18','2014-10-11 13:41:18','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4543',0,'member_posts','',0),(4544,1,'2014-10-11 08:39:31','2014-10-11 13:39:31','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nHoly smokes… was that a week of volatility or what?\r\n\r\nTuesday / Wednesday last week, I wrote to my PREMIUM SERVICE subscribers stating that I was sticking with my open trades after the FOMC.\r\n\r\nI closed three trades just ahead of the release, them the fireworks began. My broker accounts on Wednesday evening at the close…. knowing that more pain was going to hit me in Asia were over quadruple digit pips negative.\r\n\r\nI was, however, still well within my RISK MANAGEMENT TOLERANCE of 3% per trade based upon my broker account balance.\r\n\r\nOn Thursday morning after the European session added more misery, it was a sea of red all over every accounts page. Then just before mid –morning in the European session, someone must have asked the question, what has actually changed from this time yesterday?\r\n\r\nA little earlier I had started writing my article for PREMIUM SERVICE subscribers via THE DAILY FX POST (blog) to be released later that morning. I was confirming that fundamentally, I felt comfortable with my trades apart from them being negative at that time, and that I was trading in the correct direction because at the time of entry all trades set up perfectly from a technical position. I said that I just couldn’t understand, what had fundamentally changed and, in my opinion, nothing actually had prior to and after the FOMC data release. In fact the move was solely based, in my opinion, upon a market over-reaction to the FOMC minutes.\r\n\r\nAs I was putting together THE DAILY FX POST, the European bourses started to move lower and U.S. futures started to slide red and the AUD/USD and NZD/USD started to drop along with OIL. The rest is history as they say, as all the trades that I has open started to turn positive as the day progressed.\r\n\r\nKeep on your radar the fact that the fundamentals are lousy in the EUROZONE, and Draghi spoke later on Thursday in Washington, which sent the EUR/USD and the equity markets lower. They continued selling off through Asia and the European sessions as well.\r\n\r\nMy main discussion this week is about the fundamentals facing the market and for PREMIUM SERVICE subscribers, this week, I have about 15 charts included in the full version of the WEEKLY FX DRIVE THRU. I want to take stock of where we are and plan future trades. Therefore, the TRADES ON MY RADAR section will be quite extensive this week. I will expand upon my thoughts for PREMIUM SERVICE subscribers later.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nIt was a poor start to the week, from which I did not fully recover. Having just written that, towards the end of the week I bounced back. I still have live trades not yet closed so they do not count in the October (so far) statistics. As I wrote to PREMIUM SERVICE subscribers earlier in the week, I had a great run on % profitable to loss trades of late, and, year to date I am still +85% profitable.\r\n\r\nI am human, when it’s a roller-coaster week for you; it’s the same roller-caster ride for me. It’s not very often that I produce a negative statement but overall it is only 4 pips!!!\r\n\r\nFinally for PREMIUM SERVICE subscribers, starting Monday, all trade set-ups via twitter will now be headed according to the type of trade.\r\n\r\nI know that many of you are part-time traders and cannot take all trades. If you have another source of income many of you are only interested in trades that require targeted entries and exits (RADAR &amp; FUNDAMENTAL trades in the main).\r\n\r\nTherefore all set-ups will be headed either: -\r\n\r\nFLASH TRADE (Reference prefix FT)\r\nRADAR TRADE (Reference prefix RT)\r\nor\r\nFUNDAMENTAL TRADE (Reference prefix FUN)\r\n\r\nI hope that small amendment will help you identify which trades are more applicable to you based upon the amount of time that you can spend at your computer.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\"><img class=\"aligncenter size-full wp-image-4541\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\" alt=\"PREM SERV PROFITS 1 11102014\" width=\"456\" height=\"433\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\"><img class=\"aligncenter size-full wp-image-4542\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\" alt=\"PREM SERV PROFITS 2 11102014\" width=\"470\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong><span style=\"font-size: 12pt;\">THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD</span></strong>\r\n\r\n&nbsp;\r\n\r\nI have to start this article by including a section from my previous two blogs.\r\n\r\nThree weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <strong><span style=\"color: #0000ff;\">BLUE BOLD (27<sup>th</sup> September).</span></strong>\r\n\r\nFrom last week <span style=\"color: #ff0000;\"><strong>(4<sup>th</sup> October)</strong></span> to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\"><strong><em> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.\r\n</em></strong></span><em>\r\n<strong>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.\r\n</strong></em></span>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong><strong><em>\r\n</em></strong></span><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span><strong> </strong>\r\n\r\nLet me also write, and I have said this many, many times over the past three years: -\r\n\r\n<span style=\"text-decoration: underline;\"><span style=\"font-size: 12pt;\"><strong>“It’s all about the commodities markets… it leads us”</strong></span></span>\r\n\r\nWhen a market turns, it is the commodities that lead us: Wheat, Milk, Cattle, Soy etc.\r\n\r\nThen the commodity currencies that are also lead indicators get on board: AUD/USD, NZD/USD, USD/CAD and USD/NOK.\r\n\r\nNext we see bond yields move…. this affects the USD/JPY and USD/CHF.\r\n\r\nAfter this we see the USD start to firm up as “The Holy Trinity” starts to fall GOLD, OIL and COPPER.\r\n\r\nThen the USD index (DXY) rises…\r\n\r\nBy now the VIX is moving upwards with volatility….\r\n\r\nFinally, as the USD (DXY) moves the equities markets come under pressure.\r\n\r\nWe have a plethora of geopolitical events that can be added into the mix as well.\r\n\r\nTechnically, we hit a number of market inflection points and we see massive swing moves as the markets wrestle between bulls and bears.\r\n\r\nThis is where we are now.\r\n\r\nAs Forex traders this can be a delight, but at the same time we must trade with some caution and not get carried away with the directional trading environment that we find ourselves with.\r\n\r\nHowever, there is still more to come for the following key reasons.\r\n\r\nThe added ingredients to this inflection point are:\r\n\r\n<span style=\"text-decoration: underline;\">MONETARY POLICY DIVERGENCES (THE FED &amp; ECB):</span>\r\n\r\nThe ECB and FED the two biggest world central banks are on opposite monetary policy programmes.\r\n\r\nThe FED is about to exit its Quantitative Easing (QE) market support programme later this month. The FED therefore is tightening. The great debate is when are they going to shift to a policy of increasing interest rates. This causes uncertainty, and the markets hate uncertainty. Uncertainty breeds volatility\r\n\r\nOn the other hand, we have the dithering ECB.\r\n\r\nSix years after the financial crash, the EUROZONE is struggling with DEFLATION and some of the periphery countries are in recession. This is my opinion, is due 100% to the fact that you simply cannot manage 18+ countries from a single chequeboook. The concept was a bad design and now Mario Draghi (God love him) has bigger problems. Germany is the EUROZONE powerhouse and in many ways it rules the EUROZONE in its own vision as if the entire EUROZONE are provinces of Germany, and to hell with the periphery countries. Draghi has an impossible job.\r\n\r\nThe ECB is on an internal collision course over its own attempts to introduce Quantitative Easing (QE). Draghi is high on rhetoric, low on action. There are few extraordinary measures left for him to attack and basically all Draghi has for the markets is “hot air” verbal intervention, and, frankly, we’ve heard it all before.\r\n\r\nBut the ECB is on a policy of weakening, adding liquidity to the EUROZONE in attempt to kick-start the periphery countries.\r\n\r\nThe big problem now, is that the powerhouse, Germany, is now suffering as well. Business confidence is low and retail PMI’s are falling as the Germans pull in spending\r\n\r\nDraghi has big, big problems.\r\n\r\n<span style=\"text-decoration: underline;\">CRITICAL GEOPOLITICAL AND ECONOMIC ISSUES /  EVENTS:</span>\r\n\r\nIt is a sad world that we live in. There is nearly always conflict around the globe that affects commodity prices such as oil. At the moment oil, is in a glut supply / demand position. Therefore, there is no upside price pressure at the moment. I am of course referring to ISIS in Iraq / Syria.\r\n\r\nRetail Sales figures around the world are suffering. If no one is buying finished goods, what is the point of manufacturing finished products. If there are no finished products selling, what’s the point of buying raw materials? This problem has not come home to roost yet and the EUROZONE being in such poor state will affect the world on this point.\r\n\r\nThe Ebola epidemic unless contained has the potential to get out of hand spreading not just to more African countries but much farther afield. We have had at the moment isolated cases in the USA and Spain, but with air travel being a very natural carrier of this disease unless rigid controls and regulations are placed in position, it will be a case of too little too late. This has the potential for panic and market uncertainty.\r\n\r\nI can also mention the BOE and rate increases plus maybe more QE from Japan. There are many more factors bubbling under than can send the markets into a tailspin.\r\n\r\nFinally yesterday (Friday) S&amp;P downgraded the French credit rating on the back of poor growth opportunities. The French economy is weak and this is yet another bullet aimed at the EUROZONE. In a rather humorous situation, when asked on a live debate about the breaking news the French Finance Minister who knew nothing about the downgrade, stated that it had nothing to do with France but more aimed at the EUROZONE. What can you say to that? Typical natural defense mechanism blames someone or something else.\r\n\r\nAs traders we just need to be aware of these issues and keep up to date with the news\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADER TOPICS:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>HOW TO ADJUST TO CHANGING TRADING CONDITIONS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nMarket volatility has been picking up lately and as a result; you may need to consider making the necessary adjustments to catch shorter-term price moves. As traders, we need to adapt, as staying profitable in the long-run requires that you are able to adapt to random market conditions.\r\n\r\nI have written several times about “high probability trades” understanding how to identify them. High probability trading is one of my keys to success as being a trader.\r\n\r\nThis is one of the few times I will use the word casino, or references to casinos on any page inside my blog or associate pages. As you know, I consider Forex Trading RISK MANAGEMENT, as traders we are RISK ASSESSORS not gamblers.\r\n\r\nHowever, just like a casino, traders are in the business of trying to be consistent and making money in a seemingly random work environment. The key is to think in terms of probabilities.\r\n\r\nThis is actually a little easier said than done, because it requires two layers of belief that you would initially think cannot coexist.\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\">TRADE- SPECIFIC LEVEL:</span></li>\r\n</ol>\r\nAt this stage, you have to understand and accept the uncertainty and unpredictability of each trade. Let me return to the casino for a moment and talk about Blackjack. As you know, you never know what cards you will be dealt, nor do you know how each player will play his or her own hand. These factors have a direct effect on the outcome of your hand.\r\n\r\nYet, there are some who make money-playing blackjack because they understand that each hand is STATISTICALLY INDEPENDENT of every other hand and that over time, if they follow basic strategy, they can decrease the house edge and actually generate a small profit.\r\n\r\nThe same can be true in trading. We have to understand that each trade is independent of every other trade. Whether your previous 10 trades were losing or profitable trades this has no bearing on the outcome of your next trade. Once you can accept this, you can easily take trades without being adversely affected.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\">MACRO LEVEL:</span></li>\r\n</ol>\r\nYou have to understand that over time and with a large enough sample size, the probability of profit or loss is relatively certain and predictable. This degree of certainty is based on the constant variables that are known in advance and most importantly, within your control.\r\n\r\n<span style=\"font-size: 10pt;\"><strong>“Once you recognize the independence of each trade and believe in letting good odds (probabilities) play themselves out, then you will have an easier time at removing emotions from your trades”.</strong></span>\r\n\r\n(In my opinion, the above in <strong>BOLD</strong> is one of the KEY factors in becoming a longer-term consistent Forex Trader)\r\n\r\nFor example, you’re less likely to exit a trade early if you know that your trade idea has a good probability of being profitable in the first place. Similarly, you’re less likely to lose sleep over the outcome of each trade if you know that given enough sample size, your trading method will most likely work our in your favour.\r\n\r\nHowever, before you place too much confidence in your trading method, you must first make sure that it has an edge over the markets. Without an edge, you are just like any random fool who walks into a casino; you may win once in a while, but over time, the casino will win because they have the edge over you.\r\n\r\nHow do you get “AN EDGE?” – fine tuning, trade set-ups, entry and exit disciplines, look at all the trading styles you can find and demo them until you have your EDGE.\r\n\r\nThis all leads back to the TRADING PLAN….. the document that I believe every trader should have. It contains everything that makes you the trader you are.\r\n\r\nThe bottom line is very straightforward, consistently profitable traders do NOT rely on luck. They simply rely on the fact and knowledge that their system works because they have put in the necessary efforts to make it work.\r\n\r\n<strong>\r\n</strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\nThere are no LIVE RADAR trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT1190\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPresent Price: 0.7813\r\nCurrent Profit / Loss Position: -20 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort\r\nCost Average at: 0.8709\r\nStop at 0.8820\r\nLimit at 0.8000\r\nPresent Price: 0.8684\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong\r\nCost Average at: 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPresent Price: 2.0563\r\nCurrent Profit / Loss Position: +56 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\nI have a lot of charts that I wanted to share with you and these may form the basis of several trades this coming week. At least if my thoughts are down on paper it will give you all a heads up as to my thoughts moving forward.\r\n\r\nI have NOT placed any limit orders with my brokers. My intention is to pick these potential trades off one at time as the entries permit.\r\n\r\nMany charts have my comments written on them and I will not repeat them in the body of the blog. It should be self-evident as you progress through this section.\r\n\r\n<span style=\"text-decoration: underline;\">EUR/USD</span> – chart below, looking to enter short. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4530\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-240M-11102014-1024x462.png\" alt=\"EURUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/USD</span> – chart below, looking to enter short. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4526\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-240M-11102014-1024x462.png\" alt=\"GBPUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">AUD/USD</span> – chart below, looking to add to my existing short position at higher levels. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/AUDUSD-60M-11102014.png\"><img class=\"aligncenter size-large wp-image-4535\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/AUDUSD-60M-11102014-1024x462.png\" alt=\"AUDUSD 60M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">NZD/USD</span> – chart below, looking to add to my existing short position at higher levels. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4525\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-240M-11102014-1024x462.png\" alt=\"NZDUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/JPY</span> – chart below. I think that this pair is one that could go a lot lower if equities really start to correct and bond yields carry on doing what they are doing right now. Personally, I am avoiding this pair as I still have sleepless nights over my JPY failures of about a year ago. I think we have a top at 110.00 and the bottom could be 107.30 but if this gives way 106.50 is next.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDJPY-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4522\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDJPY-DAILY-11102014-1024x462.png\" alt=\"USDJPY DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CAD</span> – chart below, looking to enter long. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCAD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4524\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCAD-240M-11102014-1024x462.png\" alt=\"USDCAD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CHF</span> – chart below. I am not really interested in this pair at the moment and see 0.9540 as the area to get me interested with a long trade. 0.9680 is the obvious immediate target.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCHF-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4523\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCHF-240M-11102014-1024x462.png\" alt=\"USDCHF 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/CAD</span> – chart below, looking to enter long and my comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURCAD-MONTHLY-11102014.png\"><img class=\"aligncenter size-large wp-image-4533\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURCAD-MONTHLY-11102014-1024x462.png\" alt=\"EURCAD MONTHLY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/CAD</span> – chart below. I am looking to enter long on a break of 1.8650.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCAD-MONTHLY-11102014.png\"><img class=\"aligncenter size-large wp-image-4528\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCAD-MONTHLY-11102014-1024x462.png\" alt=\"GBPCAD MONTHLY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/AUD</span> – chart below, there is a breakout from the bullish flag formation.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURAUD-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4534\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURAUD-DAILY-11102014-1024x462.png\" alt=\"EURAUD DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/AUD</span> – chart below. I am looking to enter long on a pullback towards 1.8370 if we can get it.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPAUD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4529\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPAUD-240M-11102014-1024x462.png\" alt=\"GBPAUD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/NZD</span> – chart below, I am looking to enter long and my comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4531\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-DAILY-11102014-1024x462.png\" alt=\"EURNZD DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/GBP</span> – chart below. I am looking to enter short but I do require a healthy pullback to reach my target entry level. I am NOT confident that my desired entry level can be achieved.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURGBP-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4532\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURGBP-DAILY-11102014-1024x462.png\" alt=\"EURGBP DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/CHF</span> – chart below. I am looking to enter long at 1.5400 with stops just below 1.5350, looking to target 1.5800.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCHF-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4527\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCHF-DAILY-11102014-1024x462.png\" alt=\"GBPCHF DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2621.</strong> A bounce of about 100 pips in the past seven days, but this pair is still very bearish. A nice pullback on Sunday night thru Asia into the European session would do very nicely with this pair. Support is at 1.2510 and resistance is at 1.2715.\r\n\r\n<strong>GBP/USD: Closing Price 1.6074</strong>. This pair very similar to the EUR/USD is about 100 pips off the lows of last week. Very similar to my thoughts on the EUR/USD, I am looking for a nice pullback to enter short. The areas that interest me are 1.5970 support to 1.6120 resistance.\r\n\r\n<strong>AUD/USD: Closing Price 0.8684</strong>. A very similar close to what we recorded last week. I am very bearish this pair. Support is at 0.8640 and resistance at 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7813</strong>. We have seen a little pullback with this pair over the past seven days. However, it is a bearish path that the Kiwi is following. I am looking at support at 0.7710 and resistance at 0.7920.\r\n\r\n<strong>USD/CAD: Closing Price 1.1198.</strong> Not much of a move in the past seven days for the “Loonie”, but I do think that as long as the price of oil remains under pressure this pair will weaken. My support and resistance levels are very similar to last weeks. The next level of resistance is good at 1.1270. Support is good at 1.1170.\r\n\r\n<strong>USD/CHF: Closing Price 0.9570</strong>. This pair is about 100 pips lower than the close it recorded last week. Looking forward, with this pair I am struggling to get excited about possible moves at the moment. Support is at 0.9540 and resistance at 0.9680.\r\n\r\n<strong>USD/JPY: Closing Price 107.62. </strong>The JPY roller coaster continues. As equities are pulling back (correcting) the USD/JPY pair has started to pullback in a normal correlated move. We have fallen over 200 pips from last weeks close and there is a huge potential downside move should equities correct. It is very hard to place support and resistance levels on this pair other than close support is at 107.30 and below this level it is 106.50. On the upside, resistance is at 108.00 and 108.50.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nGBP/CAD\r\nEUR/AUD\r\nGBP/AUD\r\nUSD/NOK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:\r\n\r\n</span>AUD/USD\r\nAUD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nEUR/CHF\r\nAUD/NZD\r\n\r\n&nbsp;\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – New Business Confidence.\r\n\r\nTUESDAY: GBP – CPI.\r\nTUESDAY: EUR – German ZEW Economic Sentiment\r\nTUESDAY: CNY – CPI.\r\n\r\nWEDNESDAY: EUR – Mario Draghi speaks (x 2)\r\nWEDNESDAY: GBP – Employment Change and Unemployment Rate.\r\nWEDNESDAY: USD – Core Retail Sales.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD –Core CPi.\r\nFRIDAY: USD – Janet Yellen speaks.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>10. FINAL THOUGHTS:</strong></span>\r\n\r\nWe are in a very volatile market at the moment, and, I cannot see this altering anytime soon. The market is directional, which is good for us as traders. They keys to success in this market are pricing your entries correctly. It is a science trying to achieve the best entry levels, whether selling into strength or buying on dips.\r\n\r\nMy views on this given the fact that we are in a trending market are, that precise entries are not vital and at anytime picking tops and bottoms to the pip is great when it happens. However, most of the time we should be happy to lift 60%-70% of any move as profit. A little bit on every trade, is the way to succeed and achieve longevity as a trader.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 11th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD','','inherit','open','closed','','4543-revision-v1','','','2014-10-11 08:39:31','2014-10-11 13:39:31','',4543,'https://weeklyfxdrivethru.com/4543-revision-v1/',0,'revision','',0),(4545,1,'2014-10-11 08:41:18','2014-10-11 13:41:18','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nHoly smokes… was that a week of volatility or what?\r\n\r\nTuesday / Wednesday last week, I wrote to my PREMIUM SERVICE subscribers stating that I was sticking with my open trades after the FOMC.\r\n\r\nI closed three trades just ahead of the release, them the fireworks began. My broker accounts on Wednesday evening at the close…. knowing that more pain was going to hit me in Asia were over quadruple digit pips negative.\r\n\r\nI was, however, still well within my RISK MANAGEMENT TOLERANCE of 3% per trade based upon my broker account balance.\r\n\r\nOn Thursday morning after the European session added more misery, it was a sea of red all over every accounts page. Then just before mid –morning in the European session, someone must have asked the question, what has actually changed from this time yesterday?\r\n\r\nA little earlier I had started writing my article for PREMIUM SERVICE subscribers via THE DAILY FX POST (blog) to be released later that morning. I was confirming that fundamentally, I felt comfortable with my trades apart from them being negative at that time, and that I was trading in the correct direction because at the time of entry all trades set up perfectly from a technical position. I said that I just couldn’t understand, what had fundamentally changed and, in my opinion, nothing actually had prior to and after the FOMC data release. In fact the move was solely based, in my opinion, upon a market over-reaction to the FOMC minutes.\r\n\r\nAs I was putting together THE DAILY FX POST, the European bourses started to move lower and U.S. futures started to slide red and the AUD/USD and NZD/USD started to drop along with OIL. The rest is history as they say, as all the trades that I has open started to turn positive as the day progressed.\r\n\r\nKeep on your radar the fact that the fundamentals are lousy in the EUROZONE, and Draghi spoke later on Thursday in Washington, which sent the EUR/USD and the equity markets lower. They continued selling off through Asia and the European sessions as well.\r\n\r\nMy main discussion this week is about the fundamentals facing the market and for PREMIUM SERVICE subscribers, this week, I have about 15 charts included in the full version of the WEEKLY FX DRIVE THRU. I want to take stock of where we are and plan future trades. Therefore, the TRADES ON MY RADAR section will be quite extensive this week. I will expand upon my thoughts for PREMIUM SERVICE subscribers later.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nIt was a poor start to the week, from which I did not fully recover. Having just written that, towards the end of the week I bounced back. I still have live trades not yet closed so they do not count in the October (so far) statistics. As I wrote to PREMIUM SERVICE subscribers earlier in the week, I had a great run on % profitable to loss trades of late, and, year to date I am still +85% profitable.\r\n\r\nI am human, when it’s a roller-coaster week for you; it’s the same roller-caster ride for me. It’s not very often that I produce a negative statement but overall it is only 4 pips!!!\r\n\r\nFinally for PREMIUM SERVICE subscribers, starting Monday, all trade set-ups via twitter will now be headed according to the type of trade.\r\n\r\nI know that many of you are part-time traders and cannot take all trades. If you have another source of income many of you are only interested in trades that require targeted entries and exits (RADAR &amp; FUNDAMENTAL trades in the main).\r\n\r\nTherefore all set-ups will be headed either: -\r\n\r\nFLASH TRADE (Reference prefix FT)\r\nRADAR TRADE (Reference prefix RT)\r\nor\r\nFUNDAMENTAL TRADE (Reference prefix FUN)\r\n\r\nI hope that small amendment will help you identify which trades are more applicable to you based upon the amount of time that you can spend at your computer.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\"><img class=\"aligncenter size-full wp-image-4541\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\" alt=\"PREM SERV PROFITS 1 11102014\" width=\"456\" height=\"433\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\"><img class=\"aligncenter size-full wp-image-4542\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\" alt=\"PREM SERV PROFITS 2 11102014\" width=\"470\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong><span style=\"font-size: 12pt;\">THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD</span></strong>\r\n\r\n&nbsp;\r\n\r\nI have to start this article by including a section from my previous two blogs.\r\n\r\nThree weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <strong><span style=\"color: #0000ff;\">BLUE BOLD (27<sup>th</sup> September).</span></strong>\r\n\r\nFrom last week <span style=\"color: #ff0000;\"><strong>(4<sup>th</sup> October)</strong></span> to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.\r\n</strong>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em></span>\r\n\r\n<span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\"><strong><em> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.\r\n</em></strong></span><em>\r\n<strong>COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.\r\n</strong></em></span>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong><strong><em>\r\n</em></strong></span><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span><strong> </strong>\r\n\r\nLet me also write, and I have said this many, many times over the past three years: -\r\n\r\n<span style=\"text-decoration: underline;\"><span style=\"font-size: 12pt;\"><strong>“It’s all about the commodities markets… it leads us”</strong></span></span>\r\n\r\nWhen a market turns, it is the commodities that lead us: Wheat, Milk, Cattle, Soy etc.\r\n\r\nThen the commodity currencies that are also lead indicators get on board: AUD/USD, NZD/USD, USD/CAD and USD/NOK.\r\n\r\nNext we see bond yields move…. this affects the USD/JPY and USD/CHF.\r\n\r\nAfter this we see the USD start to firm up as “The Holy Trinity” starts to fall GOLD, OIL and COPPER.\r\n\r\nThen the USD index (DXY) rises…\r\n\r\nBy now the VIX is moving upwards with volatility….\r\n\r\nFinally, as the USD (DXY) moves the equities markets come under pressure.\r\n\r\nWe have a plethora of geopolitical events that can be added into the mix as well.\r\n\r\nTechnically, we hit a number of market inflection points and we see massive swing moves as the markets wrestle between bulls and bears.\r\n\r\nThis is where we are now.\r\n\r\nAs Forex traders this can be a delight, but at the same time we must trade with some caution and not get carried away with the directional trading environment that we find ourselves with.\r\n\r\nHowever, there is still more to come for the following key reasons.\r\n\r\nThe added ingredients to this inflection point are:\r\n\r\n<span style=\"text-decoration: underline;\">MONETARY POLICY DIVERGENCES (THE FED &amp; ECB):</span>\r\n\r\nThe ECB and FED the two biggest world central banks are on opposite monetary policy programmes.\r\n\r\nThe FED is about to exit its Quantitative Easing (QE) market support programme later this month. The FED therefore is tightening. The great debate is when are they going to shift to a policy of increasing interest rates. This causes uncertainty, and the markets hate uncertainty. Uncertainty breeds volatility\r\n\r\nOn the other hand, we have the dithering ECB.\r\n\r\nSix years after the financial crash, the EUROZONE is struggling with DEFLATION and some of the periphery countries are in recession. This is my opinion, is due 100% to the fact that you simply cannot manage 18+ countries from a single chequeboook. The concept was a bad design and now Mario Draghi (God love him) has bigger problems. Germany is the EUROZONE powerhouse and in many ways it rules the EUROZONE in its own vision as if the entire EUROZONE are provinces of Germany, and to hell with the periphery countries. Draghi has an impossible job.\r\n\r\nThe ECB is on an internal collision course over its own attempts to introduce Quantitative Easing (QE). Draghi is high on rhetoric, low on action. There are few extraordinary measures left for him to attack and basically all Draghi has for the markets is “hot air” verbal intervention, and, frankly, we’ve heard it all before.\r\n\r\nBut the ECB is on a policy of weakening, adding liquidity to the EUROZONE in attempt to kick-start the periphery countries.\r\n\r\nThe big problem now, is that the powerhouse, Germany, is now suffering as well. Business confidence is low and retail PMI’s are falling as the Germans pull in spending\r\n\r\nDraghi has big, big problems.\r\n\r\n<span style=\"text-decoration: underline;\">CRITICAL GEOPOLITICAL AND ECONOMIC ISSUES /  EVENTS:</span>\r\n\r\nIt is a sad world that we live in. There is nearly always conflict around the globe that affects commodity prices such as oil. At the moment oil, is in a glut supply / demand position. Therefore, there is no upside price pressure at the moment. I am of course referring to ISIS in Iraq / Syria.\r\n\r\nRetail Sales figures around the world are suffering. If no one is buying finished goods, what is the point of manufacturing finished products. If there are no finished products selling, what’s the point of buying raw materials? This problem has not come home to roost yet and the EUROZONE being in such poor state will affect the world on this point.\r\n\r\nThe Ebola epidemic unless contained has the potential to get out of hand spreading not just to more African countries but much farther afield. We have had at the moment isolated cases in the USA and Spain, but with air travel being a very natural carrier of this disease unless rigid controls and regulations are placed in position, it will be a case of too little too late. This has the potential for panic and market uncertainty.\r\n\r\nI can also mention the BOE and rate increases plus maybe more QE from Japan. There are many more factors bubbling under than can send the markets into a tailspin.\r\n\r\nFinally yesterday (Friday) S&amp;P downgraded the French credit rating on the back of poor growth opportunities. The French economy is weak and this is yet another bullet aimed at the EUROZONE. In a rather humorous situation, when asked on a live debate about the breaking news the French Finance Minister who knew nothing about the downgrade, stated that it had nothing to do with France but more aimed at the EUROZONE. What can you say to that? Typical natural defense mechanism blames someone or something else.\r\n\r\nAs traders we just need to be aware of these issues and keep up to date with the news\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADER TOPICS:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>HOW TO ADJUST TO CHANGING TRADING CONDITIONS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nMarket volatility has been picking up lately and as a result; you may need to consider making the necessary adjustments to catch shorter-term price moves. As traders, we need to adapt, as staying profitable in the long-run requires that you are able to adapt to random market conditions.\r\n\r\nI have written several times about “high probability trades” understanding how to identify them. High probability trading is one of my keys to success as being a trader.\r\n\r\nThis is one of the few times I will use the word casino, or references to casinos on any page inside my blog or associate pages. As you know, I consider Forex Trading RISK MANAGEMENT, as traders we are RISK ASSESSORS not gamblers.\r\n\r\nHowever, just like a casino, traders are in the business of trying to be consistent and making money in a seemingly random work environment. The key is to think in terms of probabilities.\r\n\r\nThis is actually a little easier said than done, because it requires two layers of belief that you would initially think cannot coexist.\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\">TRADE- SPECIFIC LEVEL:</span></li>\r\n</ol>\r\nAt this stage, you have to understand and accept the uncertainty and unpredictability of each trade. Let me return to the casino for a moment and talk about Blackjack. As you know, you never know what cards you will be dealt, nor do you know how each player will play his or her own hand. These factors have a direct effect on the outcome of your hand.\r\n\r\nYet, there are some who make money-playing blackjack because they understand that each hand is STATISTICALLY INDEPENDENT of every other hand and that over time, if they follow basic strategy, they can decrease the house edge and actually generate a small profit.\r\n\r\nThe same can be true in trading. We have to understand that each trade is independent of every other trade. Whether your previous 10 trades were losing or profitable trades this has no bearing on the outcome of your next trade. Once you can accept this, you can easily take trades without being adversely affected.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\">MACRO LEVEL:</span></li>\r\n</ol>\r\nYou have to understand that over time and with a large enough sample size, the probability of profit or loss is relatively certain and predictable. This degree of certainty is based on the constant variables that are known in advance and most importantly, within your control.\r\n\r\n<span style=\"font-size: 10pt;\"><strong>“Once you recognize the independence of each trade and believe in letting good odds (probabilities) play themselves out, then you will have an easier time at removing emotions from your trades”.</strong></span>\r\n\r\n(In my opinion, the above in <strong>BOLD</strong> is one of the KEY factors in becoming a longer-term consistent Forex Trader)\r\n\r\nFor example, you’re less likely to exit a trade early if you know that your trade idea has a good probability of being profitable in the first place. Similarly, you’re less likely to lose sleep over the outcome of each trade if you know that given enough sample size, your trading method will most likely work our in your favour.\r\n\r\nHowever, before you place too much confidence in your trading method, you must first make sure that it has an edge over the markets. Without an edge, you are just like any random fool who walks into a casino; you may win once in a while, but over time, the casino will win because they have the edge over you.\r\n\r\nHow do you get “AN EDGE?” – fine tuning, trade set-ups, entry and exit disciplines, look at all the trading styles you can find and demo them until you have your EDGE.\r\n\r\nThis all leads back to the TRADING PLAN….. the document that I believe every trader should have. It contains everything that makes you the trader you are.\r\n\r\nThe bottom line is very straightforward, consistently profitable traders do NOT rely on luck. They simply rely on the fact and knowledge that their system works because they have put in the necessary efforts to make it work.\r\n\r\n<strong>\r\n</strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MY CURRENT LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RADAR TRADES:</strong></span>\r\n\r\nThere are no LIVE RADAR trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FLASH TRADES:</strong></span>\r\n\r\nFT1190\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7793\r\nStop at 0.7930\r\nLimit at 0.6580\r\nPresent Price: 0.7813\r\nCurrent Profit / Loss Position: -20 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort\r\nCost Average at: 0.8709\r\nStop at 0.8820\r\nLimit at 0.8000\r\nPresent Price: 0.8684\r\nCurrent Profit / Loss Position: +25 pips\r\n\r\n&nbsp;\r\n\r\n<span style=\"font-size: 12pt;\"><strong>FUNDAMENTAL TRADES:</strong></span>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong\r\nCost Average at: 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPresent Price: 2.0563\r\nCurrent Profit / Loss Position: +56 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> TRADES THAT ARE ON MY RADAR:</strong></span></li>\r\n</ol>\r\nI have a lot of charts that I wanted to share with you and these may form the basis of several trades this coming week. At least if my thoughts are down on paper it will give you all a heads up as to my thoughts moving forward.\r\n\r\nI have NOT placed any limit orders with my brokers. My intention is to pick these potential trades off one at time as the entries permit.\r\n\r\nMany charts have my comments written on them and I will not repeat them in the body of the blog. It should be self-evident as you progress through this section.\r\n\r\n<span style=\"text-decoration: underline;\">EUR/USD</span> – chart below, looking to enter short. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4530\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-240M-11102014-1024x462.png\" alt=\"EURUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/USD</span> – chart below, looking to enter short. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4526\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-240M-11102014-1024x462.png\" alt=\"GBPUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">AUD/USD</span> – chart below, looking to add to my existing short position at higher levels. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/AUDUSD-60M-11102014.png\"><img class=\"aligncenter size-large wp-image-4535\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/AUDUSD-60M-11102014-1024x462.png\" alt=\"AUDUSD 60M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">NZD/USD</span> – chart below, looking to add to my existing short position at higher levels. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4525\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-240M-11102014-1024x462.png\" alt=\"NZDUSD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/JPY</span> – chart below. I think that this pair is one that could go a lot lower if equities really start to correct and bond yields carry on doing what they are doing right now. Personally, I am avoiding this pair as I still have sleepless nights over my JPY failures of about a year ago. I think we have a top at 110.00 and the bottom could be 107.30 but if this gives way 106.50 is next.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDJPY-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4522\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDJPY-DAILY-11102014-1024x462.png\" alt=\"USDJPY DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CAD</span> – chart below, looking to enter long. My comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCAD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4524\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCAD-240M-11102014-1024x462.png\" alt=\"USDCAD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CHF</span> – chart below. I am not really interested in this pair at the moment and see 0.9540 as the area to get me interested with a long trade. 0.9680 is the obvious immediate target.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCHF-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4523\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/USDCHF-240M-11102014-1024x462.png\" alt=\"USDCHF 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/CAD</span> – chart below, looking to enter long and my comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURCAD-MONTHLY-11102014.png\"><img class=\"aligncenter size-large wp-image-4533\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURCAD-MONTHLY-11102014-1024x462.png\" alt=\"EURCAD MONTHLY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/CAD</span> – chart below. I am looking to enter long on a break of 1.8650.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCAD-MONTHLY-11102014.png\"><img class=\"aligncenter size-large wp-image-4528\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCAD-MONTHLY-11102014-1024x462.png\" alt=\"GBPCAD MONTHLY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/AUD</span> – chart below, there is a breakout from the bullish flag formation.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURAUD-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4534\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURAUD-DAILY-11102014-1024x462.png\" alt=\"EURAUD DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/AUD</span> – chart below. I am looking to enter long on a pullback towards 1.8370 if we can get it.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPAUD-240M-11102014.png\"><img class=\"aligncenter size-large wp-image-4529\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPAUD-240M-11102014-1024x462.png\" alt=\"GBPAUD 240M 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/NZD</span> – chart below, I am looking to enter long and my comments are on the chart.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4531\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-DAILY-11102014-1024x462.png\" alt=\"EURNZD DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/GBP</span> – chart below. I am looking to enter short but I do require a healthy pullback to reach my target entry level. I am NOT confident that my desired entry level can be achieved.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURGBP-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4532\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURGBP-DAILY-11102014-1024x462.png\" alt=\"EURGBP DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/CHF</span> – chart below. I am looking to enter long at 1.5400 with stops just below 1.5350, looking to target 1.5800.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCHF-DAILY-11102014.png\"><img class=\"aligncenter size-large wp-image-4527\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPCHF-DAILY-11102014-1024x462.png\" alt=\"GBPCHF DAILY 11102014\" width=\"1024\" height=\"462\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2621.</strong> A bounce of about 100 pips in the past seven days, but this pair is still very bearish. A nice pullback on Sunday night thru Asia into the European session would do very nicely with this pair. Support is at 1.2510 and resistance is at 1.2715.\r\n\r\n<strong>GBP/USD: Closing Price 1.6074</strong>. This pair very similar to the EUR/USD is about 100 pips off the lows of last week. Very similar to my thoughts on the EUR/USD, I am looking for a nice pullback to enter short. The areas that interest me are 1.5970 support to 1.6120 resistance.\r\n\r\n<strong>AUD/USD: Closing Price 0.8684</strong>. A very similar close to what we recorded last week. I am very bearish this pair. Support is at 0.8640 and resistance at 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7813</strong>. We have seen a little pullback with this pair over the past seven days. However, it is a bearish path that the Kiwi is following. I am looking at support at 0.7710 and resistance at 0.7920.\r\n\r\n<strong>USD/CAD: Closing Price 1.1198.</strong> Not much of a move in the past seven days for the “Loonie”, but I do think that as long as the price of oil remains under pressure this pair will weaken. My support and resistance levels are very similar to last weeks. The next level of resistance is good at 1.1270. Support is good at 1.1170.\r\n\r\n<strong>USD/CHF: Closing Price 0.9570</strong>. This pair is about 100 pips lower than the close it recorded last week. Looking forward, with this pair I am struggling to get excited about possible moves at the moment. Support is at 0.9540 and resistance at 0.9680.\r\n\r\n<strong>USD/JPY: Closing Price 107.62. </strong>The JPY roller coaster continues. As equities are pulling back (correcting) the USD/JPY pair has started to pullback in a normal correlated move. We have fallen over 200 pips from last weeks close and there is a huge potential downside move should equities correct. It is very hard to place support and resistance levels on this pair other than close support is at 107.30 and below this level it is 106.50. On the upside, resistance is at 108.00 and 108.50.\r\n\r\n<strong> </strong>\r\n<ol start=\"8\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span></li>\r\n</ol>\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nGBP/CAD\r\nEUR/AUD\r\nGBP/AUD\r\nUSD/NOK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nAUD/USD\r\nAUD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nEUR/CHF\r\nAUD/NZD\r\n\r\n&nbsp;\r\n<ol start=\"9\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – New Business Confidence.\r\n\r\nTUESDAY: GBP – CPI.\r\nTUESDAY: EUR – German ZEW Economic Sentiment\r\nTUESDAY: CNY – CPI.\r\n\r\nWEDNESDAY: EUR – Mario Draghi speaks (x 2)\r\nWEDNESDAY: GBP – Employment Change and Unemployment Rate.\r\nWEDNESDAY: USD – Core Retail Sales.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD –Core CPi.\r\nFRIDAY: USD – Janet Yellen speaks.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>10. FINAL THOUGHTS:</strong></span>\r\n\r\nWe are in a very volatile market at the moment, and, I cannot see this altering anytime soon. The market is directional, which is good for us as traders. They keys to success in this market are pricing your entries correctly. It is a science trying to achieve the best entry levels, whether selling into strength or buying on dips.\r\n\r\nMy views on this given the fact that we are in a trending market are, that precise entries are not vital and at anytime picking tops and bottoms to the pip is great when it happens. However, most of the time we should be happy to lift 60%-70% of any move as profit. A little bit on every trade, is the way to succeed and achieve longevity as a trader.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 11th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD','','inherit','open','closed','','4543-revision-v1','','','2014-10-11 08:41:18','2014-10-11 13:41:18','',4543,'https://weeklyfxdrivethru.com/4543-revision-v1/',0,'revision','',0),(4546,1,'2014-10-11 08:56:41','2014-10-11 13:56:41','','HOW TO ADJUST TO CHANGING TRADING CONDITIONS','','inherit','open','closed','','how-to-adjust-to-changing-trading-conditions','','','2014-10-11 09:05:25','2014-10-11 14:05:25','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf',0,'attachment','application/pdf',0),(4552,1,'2014-10-11 09:05:32','2014-10-11 14:05:32','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-10-11 09:05:32','2014-10-11 14:05:32','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4553,1,'2014-10-11 10:09:07','2014-10-11 15:09:07','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nHoly smokes… was that a week of volatility or what?\r\n\r\nTuesday / Wednesday last week, I wrote to my PREMIUM SERVICE subscribers stating that I was sticking with my open trades after the FOMC.\r\n\r\nI closed three trades just ahead of the release, them the fireworks began. My broker accounts on Wednesday evening at the close…. knowing that more pain was going to hit me in Asia were over quadruple digit pips negative.\r\n\r\nI was, however, still well within my RISK MANAGEMENT TOLERANCE of 3% per trade based upon my broker account balance.\r\n\r\nOn Thursday morning after the European session added more misery, it was a sea of red all over every accounts page. Then just before mid –morning in the European session, someone must have asked the question, what has actually changed from this time yesterday?\r\n\r\nA little earlier I had started writing my article for PREMIUM SERVICE subscribers via THE DAILY FX POST (blog) to be released later that morning. I was confirming that fundamentally, I felt comfortable with my trades apart from them being negative at that time, and that I was trading in the correct direction because at the time of entry all trades set up perfectly from a technical position. I said that I just couldn’t understand, what had fundamentally changed and, in my opinion, nothing actually had prior to and after the FOMC data release. In fact the move was solely based, in my opinion, upon a market over-reaction to the FOMC minutes.\r\n\r\nAs I was putting together THE DAILY FX POST, the European bourses started to move lower and U.S. futures started to slide red and the AUD/USD and NZD/USD started to drop along with OIL. The rest is history as they say, as all the trades that I has open started to turn positive as the day progressed.\r\n\r\nKeep on your radar the fact that the fundamentals are lousy in the EUROZONE, and Draghi spoke later on Thursday in Washington, which sent the EUR/USD and the equity markets lower. They continued selling off through Asia and the European sessions as well.\r\n\r\nMy main discussion this week is about the fundamentals facing the market and for PREMIUM SERVICE subscribers, this week, I have about 15 charts included in the full version of the WEEKLY FX DRIVE THRU. I want to take stock of where we are and plan future trades. Therefore, the TRADES ON MY RADAR section will be quite extensive this week. I will expand upon my thoughts for PREMIUM SERVICE subscribers later.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nIt was a poor start to the week, from which I did not fully recover. Having just written that, towards the end of the week I bounced back. I still have live trades not yet closed so they do not count in the October (so far) statistics. As I wrote to PREMIUM SERVICE subscribers earlier in the week, I had a great run on % profitable to loss trades of late, and, year to date I am still +85% profitable.\r\n\r\nI am human, when it’s a roller-coaster week for you; it’s the same roller-caster ride for me. It’s not very often that I produce a negative statement but overall it is only 4 pips!!!\r\n\r\nFinally for PREMIUM SERVICE subscribers, starting Monday, all trade set-ups via twitter will now be headed according to the type of trade\r\n\r\nI know that many of you are part-time traders and cannot take all trades. If you have another source of income many of you are only interested in trades that require targeted entries and exits (RADAR &amp; FUNDAMENTAL trades in the main).\r\n\r\nTherefore all set-ups will be headed either: -\r\n\r\nFLASH TRADE (Reference prefix FT)\r\nRADAR TRADE (Reference prefix RT)\r\nor\r\nFUNDAMENTAL TRADE (Reference prefix FUN)\r\n\r\nI hope that small amendment will help you identify which trades are more applicable to you based upon the amount of time that you can spend at your computer.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\"><img class=\"aligncenter size-full wp-image-4541\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\" alt=\"PREM SERV PROFITS 1 11102014\" width=\"456\" height=\"433\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\"><img class=\"aligncenter size-full wp-image-4542\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\" alt=\"PREM SERV PROFITS 2 11102014\" width=\"470\" height=\"420\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></span>&nbsp;</li>\r\n</ol>\r\n<strong><span style=\"font-size: 12pt;\">THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD</span></strong>\r\n\r\nI have to start this article by including a section from my previous two blogs.\r\n\r\nThree weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <span style=\"color: #0000ff;\"><strong>BLUE BOLD (27<sup>th</sup> September).</strong></span>\r\n\r\nFrom last week <span style=\"color: #ff0000;\"><strong>(4<sup>th</sup> October)</strong></span> to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em> <strong><span style=\"color: #0000ff;\">TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.</span>\r\n</strong>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<strong><em><span style=\"color: #ff0000;\"> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</span>\r\n</em></strong><em>\r\n<strong><span style=\"color: #0000ff;\">COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</span>\r\n</strong></em>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong><strong><em>\r\n</em></strong></span><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nLet me also write, and I have said this many, many times over the past three years: -\r\n\r\n<span style=\"color: #000000;\"><strong>“It’s all about the commodities markets… it leads us”</strong></span>\r\n\r\nWhen a market turns, it is the commodities that lead us: Wheat, Milk, Cattle, Soy etc.\r\n\r\nThen the commodity currencies that are also lead indicators get on board: AUD/USD, NZD/USD, USD/CAD and USD/NOK.\r\n\r\nNext we see bond yields move…. this affects the USD/JPY and USD/CHF.\r\n\r\nAfter this we see the USD start to firm up as “The Holy Trinity” starts to fall GOLD, OIL and COPPER.\r\n\r\nThen the USD index (DXY) rises…\r\n\r\nBy now the VIX is moving upwards with volatility….\r\n\r\nFinally, as the USD (DXY) moves the equities markets come under pressure.\r\n\r\nWe have a plethora of geopolitical events that can be added into the mix as well.\r\n\r\nTechnically, we hit a number of market inflection points and we see massive swing moves as the markets wrestle between bulls and bears.\r\n\r\nThis is where we are now.\r\n\r\nAs Forex traders this can be a delight, but at the same time we must trade with some caution and not get carried away with the directional trading environment that we find ourselves with.\r\n\r\nHowever, there is still more to come for the following key reasons.\r\n\r\nThe added ingredients to this inflection point are: -\r\n\r\n<span style=\"text-decoration: underline;\">MONETARY POLICY DIVERGENCES (THE FED &amp; ECB):</span>\r\n\r\nThe ECB and FED the two biggest world central banks are on opposite monetary policy programmes.\r\n\r\nThe FED is about to exit its Quantitative Easing (QE) market support programme later this month. The FED therefore is tightening. The great debate is when are they going to shift to a policy of increasing interest rates. This causes uncertainty, and the markets hate uncertainty. Uncertainty breeds volatility.\r\n\r\nOn the other hand, we have the dithering ECB.\r\n\r\nSix years after the financial crash, the EUROZONE is struggling with DEFLATION and some of the periphery countries are in recession. This is my opinion, is due 100% to the fact that you simply cannot manage 18+ countries from a single chequeboook. The concept was a bad design and now Mario Draghi (God love him) has bigger problems. Germany is the EUROZONE powerhouse and in many ways it rules the EUROZONE in its own vision as if the entire EUROZONE are provinces of Germany, and to hell with the periphery countries. Draghi has an impossible job.\r\n\r\nThe ECB is on an internal collision course over its own attempts to introduce Quantitative Easing (QE). Draghi is high on rhetoric, low on action. There are few extraordinary measures left for him to attack and basically all Draghi has for the markets is “hot air” verbal intervention, and, frankly, we’ve heard it all before.\r\n\r\nBut the ECB is on a policy of weakening, adding liquidity to the EUROZONE in attempt to kick-start the periphery countries.\r\n\r\nThe big problem now, is that the powerhouse, Germany, is now suffering as well. Business confidence is low and retail PMI’s are falling as the Germans pull in spending.\r\n\r\nDraghi has big, big problems.\r\n\r\n<span style=\"text-decoration: underline;\">CRITICAL GEOPOLITICAL AND ECONOMIC ISSUES / EVENTS:</span>\r\n\r\nIt is a sad world that we live in. There is nearly always conflict around the globe that affects commodity prices such as oil. At the moment oil, is in a glut supply / demand position. Therefore, there is no upside price pressure at the moment. I am of course referring to ISIS in Iraq / Syria.\r\n\r\nRetail Sales figures around the world are suffering. If no one is buying finished goods, what is the point of manufacturing finished products. If there are no finished products selling, what’s the point of buying raw materials? This problem has not come home to roost yet and the EUROZONE being in such poor state will affect the world on this point.\r\n\r\nThe Ebola epidemic unless contained has the potential to get out of hand spreading not just to more African countries but much farther afield. We have had at the moment isolated cases in the USA and Spain, but with air travel being a very natural carrier of this disease unless rigid controls and regulations are placed in position, it will be a case of too little too late. This has the potential for panic and market uncertainty.\r\n\r\nI can also mention the BOE and rate increases plus maybe more QE from Japan. There are many more factors bubbling under than can send the markets into a tailspin.\r\n\r\nFinally yesterday (Friday) S&amp;P downgraded the French credit rating on the back of poor growth opportunities. The French economy is weak and this is yet another bullet aimed at the EUROZONE. In a rather humorous situation, when asked on a live debate about the breaking news the French Finance Minister who knew nothing about the downgrade, stated that it had nothing to do with France but more aimed at the EUROZONE. What can you say to that? Typical natural defense mechanism blames someone or something else.\r\n\r\nAs traders we just need to be aware of these issues and keep up to date with the news.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2621.</strong> A bounce of about 100 pips in the past seven days, but this pair is still very bearish. A nice pullback on Sunday night thru Asia into the European session would do very nicely with this pair. Support is at 1.2510 and resistance is at 1.2715.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6074</strong>. This pair very similar to the EUR/USD is about 100 pips off the lows of last week. Very similar to my thoughts on the EUR/USD, I am looking for a nice pullback to enter short. The areas that interest me are 1.5970 support to 1.6120 resistance.\r\n\r\n<strong>AUD/USD: Closing Price 0.8684</strong>. A very similar close to what we recorded last week. I am very bearish this pair. Support is at 0.8640 and resistance at 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7813</strong>. We have seen a little pullback with this pair over the past seven days. However, it is a bearish path that the Kiwi is following. I am looking at support at 0.7710 and resistance at 0.7920.\r\n\r\n<strong>USD/CAD: Closing Price 1.1198.</strong> Not much of a move in the past seven days for the “Loonie”, but I do think that as long as the price of oil remains under pressure this pair will weaken. My support and resistance levels are very similar to last weeks. The next level of resistance is good at 1.1270. Support is good at 1.1170.\r\n\r\n<strong>USD/CHF: Closing Price 0.9570</strong>. This pair is about 100 pips lower than the close it recorded last week. Looking forward, with this pair I am struggling to get excited about possible moves at the moment. Support is at 0.9540 and resistance at 0.9680.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 107.62. </strong>The JPY roller coaster continues. As equities are pulling back (correcting) the USD/JPY pair has started to pullback in a normal correlated move. We have fallen over 200 pips from last weeks close and there is a huge potential downside move should equities correct. It is very hard to place support and resistance levels on this pair other than close support is at 107.30 and below this level it is 106.50. On the upside, resistance is at 108.00 and 108.50.\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – New Business Confidence.\r\n\r\nTUESDAY: GBP – CPI.\r\nTUESDAY: EUR – German ZEW Economic Sentiment\r\nTUESDAY: CNY – CPI.\r\n\r\nWEDNESDAY: EUR – Mario Draghi speaks (x 2)\r\nWEDNESDAY: GBP – Employment Change and Unemployment Rate.\r\nWEDNESDAY: USD – Core Retail Sales.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD –Core CPi.\r\nFRIDAY: USD – Janet Yellen speaks.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWe are in a very volatile market at the moment, and, I cannot see this altering anytime soon. The market is directional, which is good for us as traders. They keys to success in this market are pricing your entries correctly. It is a science trying to achieve the best entry levels, whether selling into strength or buying on dips.\r\n\r\nMy views on this given the fact that we are in a trending market are, that precise entries are not vital and at anytime picking tops and bottoms to the pip is great when it happens. However, most of the time we should be happy to lift 60%-70% of any move as profit. A little bit on every trade, is the way to succeed and achieve longevity as a trader.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 11th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD','','publish','open','closed','','fundamentals-commodities-leading-timenow-equities-finally-get-board','','','2014-10-11 10:09:07','2014-10-11 15:09:07','',0,'https://weeklyfxdrivethru.com/?p=4553',0,'post','',0),(4554,1,'2014-10-11 10:08:49','2014-10-11 15:08:49','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nHoly smokes… was that a week of volatility or what?\r\n\r\nTuesday / Wednesday last week, I wrote to my PREMIUM SERVICE subscribers stating that I was sticking with my open trades after the FOMC.\r\n\r\nI closed three trades just ahead of the release, them the fireworks began. My broker accounts on Wednesday evening at the close…. knowing that more pain was going to hit me in Asia were over quadruple digit pips negative.\r\n\r\nI was, however, still well within my RISK MANAGEMENT TOLERANCE of 3% per trade based upon my broker account balance.\r\n\r\nOn Thursday morning after the European session added more misery, it was a sea of red all over every accounts page. Then just before mid –morning in the European session, someone must have asked the question, what has actually changed from this time yesterday?\r\n\r\nA little earlier I had started writing my article for PREMIUM SERVICE subscribers via THE DAILY FX POST (blog) to be released later that morning. I was confirming that fundamentally, I felt comfortable with my trades apart from them being negative at that time, and that I was trading in the correct direction because at the time of entry all trades set up perfectly from a technical position. I said that I just couldn’t understand, what had fundamentally changed and, in my opinion, nothing actually had prior to and after the FOMC data release. In fact the move was solely based, in my opinion, upon a market over-reaction to the FOMC minutes.\r\n\r\nAs I was putting together THE DAILY FX POST, the European bourses started to move lower and U.S. futures started to slide red and the AUD/USD and NZD/USD started to drop along with OIL. The rest is history as they say, as all the trades that I has open started to turn positive as the day progressed.\r\n\r\nKeep on your radar the fact that the fundamentals are lousy in the EUROZONE, and Draghi spoke later on Thursday in Washington, which sent the EUR/USD and the equity markets lower. They continued selling off through Asia and the European sessions as well.\r\n\r\nMy main discussion this week is about the fundamentals facing the market and for PREMIUM SERVICE subscribers, this week, I have about 15 charts included in the full version of the WEEKLY FX DRIVE THRU. I want to take stock of where we are and plan future trades. Therefore, the TRADES ON MY RADAR section will be quite extensive this week. I will expand upon my thoughts for PREMIUM SERVICE subscribers later.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nIt was a poor start to the week, from which I did not fully recover. Having just written that, towards the end of the week I bounced back. I still have live trades not yet closed so they do not count in the October (so far) statistics. As I wrote to PREMIUM SERVICE subscribers earlier in the week, I had a great run on % profitable to loss trades of late, and, year to date I am still +85% profitable.\r\n\r\nI am human, when it’s a roller-coaster week for you; it’s the same roller-caster ride for me. It’s not very often that I produce a negative statement but overall it is only 4 pips!!!\r\n\r\nFinally for PREMIUM SERVICE subscribers, starting Monday, all trade set-ups via twitter will now be headed according to the type of trade\r\n\r\nI know that many of you are part-time traders and cannot take all trades. If you have another source of income many of you are only interested in trades that require targeted entries and exits (RADAR &amp; FUNDAMENTAL trades in the main).\r\n\r\nTherefore all set-ups will be headed either: -\r\n\r\nFLASH TRADE (Reference prefix FT)\r\nRADAR TRADE (Reference prefix RT)\r\nor\r\nFUNDAMENTAL TRADE (Reference prefix FUN)\r\n\r\nI hope that small amendment will help you identify which trades are more applicable to you based upon the amount of time that you can spend at your computer.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\"><img class=\"aligncenter size-full wp-image-4541\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\" alt=\"PREM SERV PROFITS 1 11102014\" width=\"456\" height=\"433\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\"><img class=\"aligncenter size-full wp-image-4542\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\" alt=\"PREM SERV PROFITS 2 11102014\" width=\"470\" height=\"420\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:\r\n\r\n</strong></span></li>\r\n</ol>\r\n<strong><span style=\"font-size: 12pt;\">THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD</span></strong>\r\n\r\nI have to start this article by including a section from my previous two blogs.\r\n\r\nThree weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <span style=\"color: #0000ff;\"><strong>BLUE BOLD (27<sup>th</sup> September).</strong></span>\r\n\r\nFrom last week <span style=\"color: #ff0000;\"><strong>(4<sup>th</sup> October)</strong></span> to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em> <strong><span style=\"color: #0000ff;\">TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.</span>\r\n</strong>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<strong><em><span style=\"color: #ff0000;\"> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</span>\r\n</em></strong><em>\r\n<strong><span style=\"color: #0000ff;\">COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</span>\r\n</strong></em>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong><strong><em>\r\n</em></strong></span><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nLet me also write, and I have said this many, many times over the past three years: -\r\n\r\n<span style=\"color: #000000;\"><strong>“It’s all about the commodities markets… it leads us”</strong></span>\r\n\r\nWhen a market turns, it is the commodities that lead us: Wheat, Milk, Cattle, Soy etc.\r\n\r\nThen the commodity currencies that are also lead indicators get on board: AUD/USD, NZD/USD, USD/CAD and USD/NOK.\r\n\r\nNext we see bond yields move…. this affects the USD/JPY and USD/CHF.\r\n\r\nAfter this we see the USD start to firm up as “The Holy Trinity” starts to fall GOLD, OIL and COPPER.\r\n\r\nThen the USD index (DXY) rises…\r\n\r\nBy now the VIX is moving upwards with volatility….\r\n\r\nFinally, as the USD (DXY) moves the equities markets come under pressure.\r\n\r\nWe have a plethora of geopolitical events that can be added into the mix as well.\r\n\r\nTechnically, we hit a number of market inflection points and we see massive swing moves as the markets wrestle between bulls and bears.\r\n\r\nThis is where we are now.\r\n\r\nAs Forex traders this can be a delight, but at the same time we must trade with some caution and not get carried away with the directional trading environment that we find ourselves with.\r\n\r\nHowever, there is still more to come for the following key reasons.\r\n\r\nThe added ingredients to this inflection point are: -\r\n\r\n<span style=\"text-decoration: underline;\">MONETARY POLICY DIVERGENCES (THE FED &amp; ECB):</span>\r\n\r\nThe ECB and FED the two biggest world central banks are on opposite monetary policy programmes.\r\n\r\nThe FED is about to exit its Quantitative Easing (QE) market support programme later this month. The FED therefore is tightening. The great debate is when are they going to shift to a policy of increasing interest rates. This causes uncertainty, and the markets hate uncertainty. Uncertainty breeds volatility.\r\n\r\nOn the other hand, we have the dithering ECB.\r\n\r\nSix years after the financial crash, the EUROZONE is struggling with DEFLATION and some of the periphery countries are in recession. This is my opinion, is due 100% to the fact that you simply cannot manage 18+ countries from a single chequeboook. The concept was a bad design and now Mario Draghi (God love him) has bigger problems. Germany is the EUROZONE powerhouse and in many ways it rules the EUROZONE in its own vision as if the entire EUROZONE are provinces of Germany, and to hell with the periphery countries. Draghi has an impossible job.\r\n\r\nThe ECB is on an internal collision course over its own attempts to introduce Quantitative Easing (QE). Draghi is high on rhetoric, low on action. There are few extraordinary measures left for him to attack and basically all Draghi has for the markets is “hot air” verbal intervention, and, frankly, we’ve heard it all before.\r\n\r\nBut the ECB is on a policy of weakening, adding liquidity to the EUROZONE in attempt to kick-start the periphery countries.\r\n\r\nThe big problem now, is that the powerhouse, Germany, is now suffering as well. Business confidence is low and retail PMI’s are falling as the Germans pull in spending.\r\n\r\nDraghi has big, big problems.\r\n\r\n<span style=\"text-decoration: underline;\">CRITICAL GEOPOLITICAL AND ECONOMIC ISSUES / EVENTS:</span>\r\n\r\nIt is a sad world that we live in. There is nearly always conflict around the globe that affects commodity prices such as oil. At the moment oil, is in a glut supply / demand position. Therefore, there is no upside price pressure at the moment. I am of course referring to ISIS in Iraq / Syria.\r\n\r\nRetail Sales figures around the world are suffering. If no one is buying finished goods, what is the point of manufacturing finished products. If there are no finished products selling, what’s the point of buying raw materials? This problem has not come home to roost yet and the EUROZONE being in such poor state will affect the world on this point.\r\n\r\nThe Ebola epidemic unless contained has the potential to get out of hand spreading not just to more African countries but much farther afield. We have had at the moment isolated cases in the USA and Spain, but with air travel being a very natural carrier of this disease unless rigid controls and regulations are placed in position, it will be a case of too little too late. This has the potential for panic and market uncertainty.\r\n\r\nI can also mention the BOE and rate increases plus maybe more QE from Japan. There are many more factors bubbling under than can send the markets into a tailspin.\r\n\r\nFinally yesterday (Friday) S&amp;P downgraded the French credit rating on the back of poor growth opportunities. The French economy is weak and this is yet another bullet aimed at the EUROZONE. In a rather humorous situation, when asked on a live debate about the breaking news the French Finance Minister who knew nothing about the downgrade, stated that it had nothing to do with France but more aimed at the EUROZONE. What can you say to that? Typical natural defense mechanism blames someone or something else.\r\n\r\nAs traders we just need to be aware of these issues and keep up to date with the news.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2621.</strong> A bounce of about 100 pips in the past seven days, but this pair is still very bearish. A nice pullback on Sunday night thru Asia into the European session would do very nicely with this pair. Support is at 1.2510 and resistance is at 1.2715.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6074</strong>. This pair very similar to the EUR/USD is about 100 pips off the lows of last week. Very similar to my thoughts on the EUR/USD, I am looking for a nice pullback to enter short. The areas that interest me are 1.5970 support to 1.6120 resistance.\r\n\r\n<strong>AUD/USD: Closing Price 0.8684</strong>. A very similar close to what we recorded last week. I am very bearish this pair. Support is at 0.8640 and resistance at 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7813</strong>. We have seen a little pullback with this pair over the past seven days. However, it is a bearish path that the Kiwi is following. I am looking at support at 0.7710 and resistance at 0.7920.\r\n\r\n<strong>USD/CAD: Closing Price 1.1198.</strong> Not much of a move in the past seven days for the “Loonie”, but I do think that as long as the price of oil remains under pressure this pair will weaken. My support and resistance levels are very similar to last weeks. The next level of resistance is good at 1.1270. Support is good at 1.1170.\r\n\r\n<strong>USD/CHF: Closing Price 0.9570</strong>. This pair is about 100 pips lower than the close it recorded last week. Looking forward, with this pair I am struggling to get excited about possible moves at the moment. Support is at 0.9540 and resistance at 0.9680.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 107.62. </strong>The JPY roller coaster continues. As equities are pulling back (correcting) the USD/JPY pair has started to pullback in a normal correlated move. We have fallen over 200 pips from last weeks close and there is a huge potential downside move should equities correct. It is very hard to place support and resistance levels on this pair other than close support is at 107.30 and below this level it is 106.50. On the upside, resistance is at 108.00 and 108.50.\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – New Business Confidence.\r\n\r\nTUESDAY: GBP – CPI.\r\nTUESDAY: EUR – German ZEW Economic Sentiment\r\nTUESDAY: CNY – CPI.\r\n\r\nWEDNESDAY: EUR – Mario Draghi speaks (x 2)\r\nWEDNESDAY: GBP – Employment Change and Unemployment Rate.\r\nWEDNESDAY: USD – Core Retail Sales.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD –Core CPi.\r\nFRIDAY: USD – Janet Yellen speaks.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWe are in a very volatile market at the moment, and, I cannot see this altering anytime soon. The market is directional, which is good for us as traders. They keys to success in this market are pricing your entries correctly. It is a science trying to achieve the best entry levels, whether selling into strength or buying on dips.\r\n\r\nMy views on this given the fact that we are in a trending market are, that precise entries are not vital and at anytime picking tops and bottoms to the pip is great when it happens. However, most of the time we should be happy to lift 60%-70% of any move as profit. A little bit on every trade, is the way to succeed and achieve longevity as a trader.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 11th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD','','inherit','open','closed','','4553-revision-v1','','','2014-10-11 10:08:49','2014-10-11 15:08:49','',4553,'https://weeklyfxdrivethru.com/4553-revision-v1/',0,'revision','',0),(4555,1,'2014-10-11 10:09:07','2014-10-11 15:09:07','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nHoly smokes… was that a week of volatility or what?\r\n\r\nTuesday / Wednesday last week, I wrote to my PREMIUM SERVICE subscribers stating that I was sticking with my open trades after the FOMC.\r\n\r\nI closed three trades just ahead of the release, them the fireworks began. My broker accounts on Wednesday evening at the close…. knowing that more pain was going to hit me in Asia were over quadruple digit pips negative.\r\n\r\nI was, however, still well within my RISK MANAGEMENT TOLERANCE of 3% per trade based upon my broker account balance.\r\n\r\nOn Thursday morning after the European session added more misery, it was a sea of red all over every accounts page. Then just before mid –morning in the European session, someone must have asked the question, what has actually changed from this time yesterday?\r\n\r\nA little earlier I had started writing my article for PREMIUM SERVICE subscribers via THE DAILY FX POST (blog) to be released later that morning. I was confirming that fundamentally, I felt comfortable with my trades apart from them being negative at that time, and that I was trading in the correct direction because at the time of entry all trades set up perfectly from a technical position. I said that I just couldn’t understand, what had fundamentally changed and, in my opinion, nothing actually had prior to and after the FOMC data release. In fact the move was solely based, in my opinion, upon a market over-reaction to the FOMC minutes.\r\n\r\nAs I was putting together THE DAILY FX POST, the European bourses started to move lower and U.S. futures started to slide red and the AUD/USD and NZD/USD started to drop along with OIL. The rest is history as they say, as all the trades that I has open started to turn positive as the day progressed.\r\n\r\nKeep on your radar the fact that the fundamentals are lousy in the EUROZONE, and Draghi spoke later on Thursday in Washington, which sent the EUR/USD and the equity markets lower. They continued selling off through Asia and the European sessions as well.\r\n\r\nMy main discussion this week is about the fundamentals facing the market and for PREMIUM SERVICE subscribers, this week, I have about 15 charts included in the full version of the WEEKLY FX DRIVE THRU. I want to take stock of where we are and plan future trades. Therefore, the TRADES ON MY RADAR section will be quite extensive this week. I will expand upon my thoughts for PREMIUM SERVICE subscribers later.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: –</span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nIt was a poor start to the week, from which I did not fully recover. Having just written that, towards the end of the week I bounced back. I still have live trades not yet closed so they do not count in the October (so far) statistics. As I wrote to PREMIUM SERVICE subscribers earlier in the week, I had a great run on % profitable to loss trades of late, and, year to date I am still +85% profitable.\r\n\r\nI am human, when it’s a roller-coaster week for you; it’s the same roller-caster ride for me. It’s not very often that I produce a negative statement but overall it is only 4 pips!!!\r\n\r\nFinally for PREMIUM SERVICE subscribers, starting Monday, all trade set-ups via twitter will now be headed according to the type of trade\r\n\r\nI know that many of you are part-time traders and cannot take all trades. If you have another source of income many of you are only interested in trades that require targeted entries and exits (RADAR &amp; FUNDAMENTAL trades in the main).\r\n\r\nTherefore all set-ups will be headed either: -\r\n\r\nFLASH TRADE (Reference prefix FT)\r\nRADAR TRADE (Reference prefix RT)\r\nor\r\nFUNDAMENTAL TRADE (Reference prefix FUN)\r\n\r\nI hope that small amendment will help you identify which trades are more applicable to you based upon the amount of time that you can spend at your computer.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\"><img class=\"aligncenter size-full wp-image-4541\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-1-11102014.png\" alt=\"PREM SERV PROFITS 1 11102014\" width=\"456\" height=\"433\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\"><img class=\"aligncenter size-full wp-image-4542\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERV-PROFITS-2-11102014.png\" alt=\"PREM SERV PROFITS 2 11102014\" width=\"470\" height=\"420\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><span style=\"font-size: 14pt;\"><strong> THE VIEW FROM MY TRADING DESK:</strong></span></span>&nbsp;</li>\r\n</ol>\r\n<strong><span style=\"font-size: 12pt;\">THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD</span></strong>\r\n\r\nI have to start this article by including a section from my previous two blogs.\r\n\r\nThree weeks ago (20<sup>th</sup> September), I wrote about a directional market with my dominoes.\r\n\r\nBelow in italics are the dominoes that fell into position the week following my initial blog and one week ago, they are in <span style=\"color: #0000ff;\"><strong>BLUE BOLD (27<sup>th</sup> September).</strong></span>\r\n\r\nFrom last week <span style=\"color: #ff0000;\"><strong>(4<sup>th</sup> October)</strong></span> to this week the remaining dominoes are now in place they are in<span style=\"color: #ff0000;\"><strong> RED BOLD</strong>.</span>\r\n\r\nThere are <strong>none</strong> of my original dominoes left now.\r\n\r\n<em>What are dominoes that I see falling?</em>\r\n\r\n<em>These may not be in the order in which they will happen, but it is my assessment of what may happen. Plus: this can all happen very, very quickly.</em>\r\n\r\n<span style=\"color: #0000ff;\"><strong><em>USD index: Hits 85.00 or above as both the EUR and JPY continue to weaken.\r\n</em></strong><em>\r\n<strong>EUR/USD: Slips through 1.2760 and heads for 1.2500.\r\n</strong>\r\n<strong>USD/JPY: Breaks through 109.00 with conviction and heads towards 112.00.</strong></em></span>\r\n\r\n<em> <strong><span style=\"color: #0000ff;\">TREASURY BOND YIELDS: They continue to rise as Bond prices fall, fueling the USD/JPY move higher.</span>\r\n</strong>\r\n<span style=\"color: #ff0000;\"><strong>GOLD: Starts to drop through $1200.00 on the back of the start of USD strength and heads towards $1,100.00.</strong></span></em>\r\n\r\n<strong><em><span style=\"color: #ff0000;\"> COPPER: Starts to look as if it is about to head for a test of $3.00 as the precious metals markets start to sell-off.</span>\r\n</em></strong><em>\r\n<strong><span style=\"color: #0000ff;\">COMMODITY CURRENCIES: They start to fall ahead of the equities markets. AUD/USD heads through support and targets 0.8500. The NZD/USD drops as well and heads towards 0.7500. The USD/CAD catches a lift through 1.1100 and heads towards 1.1500.</span>\r\n</strong></em>\r\n\r\n<span style=\"color: #ff0000;\"><strong><em>OIL (WTi): Tests $90.00 and breaks lower towards $85.00. The move is accelerated as the USD continues to head towards 90.00.</em></strong><strong><em>\r\n</em></strong></span><em>\r\n<span style=\"color: #0000ff;\"><strong>COMMODITY PRICES: Start to come under pressure and fall.</strong></span></em>\r\n\r\n<span style=\"color: #0000ff;\"><em> <strong>THE VIX: This starts to trade at new highs.</strong></em></span>\r\n\r\nLet me also write, and I have said this many, many times over the past three years: -\r\n\r\n<span style=\"color: #000000;\"><strong>“It’s all about the commodities markets… it leads us”</strong></span>\r\n\r\nWhen a market turns, it is the commodities that lead us: Wheat, Milk, Cattle, Soy etc.\r\n\r\nThen the commodity currencies that are also lead indicators get on board: AUD/USD, NZD/USD, USD/CAD and USD/NOK.\r\n\r\nNext we see bond yields move…. this affects the USD/JPY and USD/CHF.\r\n\r\nAfter this we see the USD start to firm up as “The Holy Trinity” starts to fall GOLD, OIL and COPPER.\r\n\r\nThen the USD index (DXY) rises…\r\n\r\nBy now the VIX is moving upwards with volatility….\r\n\r\nFinally, as the USD (DXY) moves the equities markets come under pressure.\r\n\r\nWe have a plethora of geopolitical events that can be added into the mix as well.\r\n\r\nTechnically, we hit a number of market inflection points and we see massive swing moves as the markets wrestle between bulls and bears.\r\n\r\nThis is where we are now.\r\n\r\nAs Forex traders this can be a delight, but at the same time we must trade with some caution and not get carried away with the directional trading environment that we find ourselves with.\r\n\r\nHowever, there is still more to come for the following key reasons.\r\n\r\nThe added ingredients to this inflection point are: -\r\n\r\n<span style=\"text-decoration: underline;\">MONETARY POLICY DIVERGENCES (THE FED &amp; ECB):</span>\r\n\r\nThe ECB and FED the two biggest world central banks are on opposite monetary policy programmes.\r\n\r\nThe FED is about to exit its Quantitative Easing (QE) market support programme later this month. The FED therefore is tightening. The great debate is when are they going to shift to a policy of increasing interest rates. This causes uncertainty, and the markets hate uncertainty. Uncertainty breeds volatility.\r\n\r\nOn the other hand, we have the dithering ECB.\r\n\r\nSix years after the financial crash, the EUROZONE is struggling with DEFLATION and some of the periphery countries are in recession. This is my opinion, is due 100% to the fact that you simply cannot manage 18+ countries from a single chequeboook. The concept was a bad design and now Mario Draghi (God love him) has bigger problems. Germany is the EUROZONE powerhouse and in many ways it rules the EUROZONE in its own vision as if the entire EUROZONE are provinces of Germany, and to hell with the periphery countries. Draghi has an impossible job.\r\n\r\nThe ECB is on an internal collision course over its own attempts to introduce Quantitative Easing (QE). Draghi is high on rhetoric, low on action. There are few extraordinary measures left for him to attack and basically all Draghi has for the markets is “hot air” verbal intervention, and, frankly, we’ve heard it all before.\r\n\r\nBut the ECB is on a policy of weakening, adding liquidity to the EUROZONE in attempt to kick-start the periphery countries.\r\n\r\nThe big problem now, is that the powerhouse, Germany, is now suffering as well. Business confidence is low and retail PMI’s are falling as the Germans pull in spending.\r\n\r\nDraghi has big, big problems.\r\n\r\n<span style=\"text-decoration: underline;\">CRITICAL GEOPOLITICAL AND ECONOMIC ISSUES / EVENTS:</span>\r\n\r\nIt is a sad world that we live in. There is nearly always conflict around the globe that affects commodity prices such as oil. At the moment oil, is in a glut supply / demand position. Therefore, there is no upside price pressure at the moment. I am of course referring to ISIS in Iraq / Syria.\r\n\r\nRetail Sales figures around the world are suffering. If no one is buying finished goods, what is the point of manufacturing finished products. If there are no finished products selling, what’s the point of buying raw materials? This problem has not come home to roost yet and the EUROZONE being in such poor state will affect the world on this point.\r\n\r\nThe Ebola epidemic unless contained has the potential to get out of hand spreading not just to more African countries but much farther afield. We have had at the moment isolated cases in the USA and Spain, but with air travel being a very natural carrier of this disease unless rigid controls and regulations are placed in position, it will be a case of too little too late. This has the potential for panic and market uncertainty.\r\n\r\nI can also mention the BOE and rate increases plus maybe more QE from Japan. There are many more factors bubbling under than can send the markets into a tailspin.\r\n\r\nFinally yesterday (Friday) S&amp;P downgraded the French credit rating on the back of poor growth opportunities. The French economy is weak and this is yet another bullet aimed at the EUROZONE. In a rather humorous situation, when asked on a live debate about the breaking news the French Finance Minister who knew nothing about the downgrade, stated that it had nothing to do with France but more aimed at the EUROZONE. What can you say to that? Typical natural defense mechanism blames someone or something else.\r\n\r\nAs traders we just need to be aware of these issues and keep up to date with the news.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></li>\r\n</ol>\r\n<strong>EUR/USD: Closing Price 1.2621.</strong> A bounce of about 100 pips in the past seven days, but this pair is still very bearish. A nice pullback on Sunday night thru Asia into the European session would do very nicely with this pair. Support is at 1.2510 and resistance is at 1.2715.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6074</strong>. This pair very similar to the EUR/USD is about 100 pips off the lows of last week. Very similar to my thoughts on the EUR/USD, I am looking for a nice pullback to enter short. The areas that interest me are 1.5970 support to 1.6120 resistance.\r\n\r\n<strong>AUD/USD: Closing Price 0.8684</strong>. A very similar close to what we recorded last week. I am very bearish this pair. Support is at 0.8640 and resistance at 0.8750.\r\n\r\n<strong>NZD/USD: Closing Price 0.7813</strong>. We have seen a little pullback with this pair over the past seven days. However, it is a bearish path that the Kiwi is following. I am looking at support at 0.7710 and resistance at 0.7920.\r\n\r\n<strong>USD/CAD: Closing Price 1.1198.</strong> Not much of a move in the past seven days for the “Loonie”, but I do think that as long as the price of oil remains under pressure this pair will weaken. My support and resistance levels are very similar to last weeks. The next level of resistance is good at 1.1270. Support is good at 1.1170.\r\n\r\n<strong>USD/CHF: Closing Price 0.9570</strong>. This pair is about 100 pips lower than the close it recorded last week. Looking forward, with this pair I am struggling to get excited about possible moves at the moment. Support is at 0.9540 and resistance at 0.9680.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 107.62. </strong>The JPY roller coaster continues. As equities are pulling back (correcting) the USD/JPY pair has started to pullback in a normal correlated move. We have fallen over 200 pips from last weeks close and there is a huge potential downside move should equities correct. It is very hard to place support and resistance levels on this pair other than close support is at 107.30 and below this level it is 106.50. On the upside, resistance is at 108.00 and 108.50.\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span></li>\r\n</ol>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – New Business Confidence.\r\n\r\nTUESDAY: GBP – CPI.\r\nTUESDAY: EUR – German ZEW Economic Sentiment\r\nTUESDAY: CNY – CPI.\r\n\r\nWEDNESDAY: EUR – Mario Draghi speaks (x 2)\r\nWEDNESDAY: GBP – Employment Change and Unemployment Rate.\r\nWEDNESDAY: USD – Core Retail Sales.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD –Core CPi.\r\nFRIDAY: USD – Janet Yellen speaks.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWe are in a very volatile market at the moment, and, I cannot see this altering anytime soon. The market is directional, which is good for us as traders. They keys to success in this market are pricing your entries correctly. It is a science trying to achieve the best entry levels, whether selling into strength or buying on dips.\r\n\r\nMy views on this given the fact that we are in a trending market are, that precise entries are not vital and at anytime picking tops and bottoms to the pip is great when it happens. However, most of the time we should be happy to lift 60%-70% of any move as profit. A little bit on every trade, is the way to succeed and achieve longevity as a trader.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood Luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday October 11th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE FUNDAMENTALS AND COMMODITIES HAVE BEEN LEADING FOR SOME TIME…NOW EQUITIES FINALLY GET ON BOARD','','inherit','open','closed','','4553-revision-v1','','','2014-10-11 10:09:07','2014-10-11 15:09:07','',4553,'https://weeklyfxdrivethru.com/4553-revision-v1/',0,'revision','',0),(4556,1,'2014-10-11 13:27:02','2014-10-11 18:27:02','Chat Room in development.\n\nI will survey subscribers again soon to see if there is greater interest in this facility.\n\nEarly 2014, my initial surfer was','Chat Room','','inherit','open','closed','','2290-autosave-v1','','','2014-10-11 13:27:02','2014-10-11 18:27:02','',2290,'https://weeklyfxdrivethru.com/2290-autosave-v1/',0,'revision','',0),(4557,1,'2014-10-11 13:27:55','2014-10-11 18:27:55','Chat Room in development.\r\n\r\nI will survey subscribers again soon to see if there is greater interest in this facility.\r\n\r\nEarly 2014, my initial survey was not met with enthusiasm from the then subscribers... so it remains as is.\r\n\r\nScott','Chat Room','','inherit','open','closed','','2290-revision-v1','','','2014-10-11 13:27:55','2014-10-11 18:27:55','',2290,'https://weeklyfxdrivethru.com/2290-revision-v1/',0,'revision','',0),(4558,1,'2014-10-11 13:44:58','2014-10-11 18:44:58','<span style=\"text-decoration: underline;\">UPDATE:</span>\n\nThe original series of seminars / presentations on trading Forex in Montreal during mid September 2014, were not as well attended as I had hoped for and as such I will not be repeating these in Quebec.\n\nLooking forward, I am looking at possible dates at the end of this year in Toronto, and early 2015 in Calgary, Edmonton and Vancouver.\n\nLater on in 2015, I will be looking at possible dates in Edinburgh, York, Manchester, Birmingham, Bath, Bournemouth, Swindon and London in the UK and possibly some dates in Dublin, Ireland.\n\nAs soon as I have dates or more firm proposal','Dates of upcoming Webinars','','inherit','open','closed','','2560-autosave-v1','','','2014-10-11 13:44:58','2014-10-11 18:44:58','',2560,'https://weeklyfxdrivethru.com/2560-autosave-v1/',0,'revision','',0),(4563,1,'2014-10-11 14:46:00','2014-10-11 19:46:00','','Dates of upcoming Webinars','','inherit','open','closed','','2560-revision-v1','','','2014-10-11 14:46:00','2014-10-11 19:46:00','',2560,'https://weeklyfxdrivethru.com/2560-revision-v1/',0,'revision','',0),(4560,1,'2014-10-11 13:45:56','2014-10-11 18:45:56','<span style=\"text-decoration: underline;\">UPDATE:</span>\r\n\r\nThe original series of seminars / presentations on trading Forex in Montreal during mid September 2014, were not as well attended as I had hoped for and as such I will not be repeating these in Quebec.\r\n\r\nLooking forward, I am looking at possible dates at the end of this year in Toronto, and early 2015 in Calgary, Edmonton and Vancouver.\r\n\r\nLater on in 2015, I will be looking at possible dates in Edinburgh, York, Manchester, Birmingham, Bath, Bournemouth, Swindon and London in the UK and possibly some dates in Dublin, Ireland.\r\n\r\nAs soon as I have dates or more firm proposals I will mention this in the \"BLOG\" and also here.\r\n\r\nScott.','Dates of upcoming Webinars','','inherit','open','closed','','2560-revision-v1','','','2014-10-11 13:45:56','2014-10-11 18:45:56','',2560,'https://weeklyfxdrivethru.com/2560-revision-v1/',0,'revision','',0),(4559,1,'2014-10-11 13:35:44','2014-10-11 18:35:44','&nbsp;\r\n\r\nI surveyed subscribers in early 2014 regarding this feature. At that time there were not enough \"YES\" votes for webinars.\r\n<p style=\"text-align: left;\">The original intention was for a monthly webinar on how I can improve communication and facilities inside the PREMIUM SERVICE. In addition, there was little interest from subscribers to have a monthly webinar to look at specific areas of trading. The original suggestion included webinars on the following subjects: -</p>\r\n<p style=\"text-align: center;\"><strong>RISK MANAGEMENT</strong>\r\n<strong> RISK TOLERANCE</strong>\r\n<strong>POSITION SIZING</strong>\r\n<strong>TRADING PLANS</strong></p>\r\nThere were not enough \"YES\" votes for a group webinar at that time and I assisted individual trader\'s issues shortly after via email and SKYPE.\r\n\r\nI am happy to look at this subject again in early 2015 but I need attendee numbers to make it worthwhile.\r\n\r\nScott','Dates of upcoming Webinars','','inherit','open','closed','','2560-revision-v1','','','2014-10-11 13:35:44','2014-10-11 18:35:44','',2560,'https://weeklyfxdrivethru.com/2560-revision-v1/',0,'revision','',0),(4736,1,'2014-11-12 07:31:27','2014-11-12 12:31:27','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 12th November 2014\r\nREF: #124</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI have found out that my primary ISP is working just outside my location on line upgrades. This is the reason I have had basically and in and out Internet service for the past few weeks. The reason that I could not pin point the issue until now was because they are not working on my area 24x7. At least now I know why things sit and do not move for a minute or two sometimes.\r\n\r\nWe are range bound across most pairs. There is nothing wrong with range trading but some of the volatility within the ranges and the chop that I am seeing is making it very difficult at times. In particular, the moves in the JPY pairs are creating wild swings with the USD and commodity currencies are suffering with moves that upon initial examination are weird to look at. I went to bed last night looking at a lot of green on my charts and summaries and woke up early for the GBP news events at 0430 and 0530 EDT only to see seas of red.\r\n\r\nThis morning; I took quick profits on the EUR/USD (FT208) and USD/CHF (FT209) when they were available and since taking the trades off the table these pairs have pulled back once again.\r\n\r\nUntil we sort out what is happening with the USD (DXY), I think we are just going to chop. The USD (DXY) tested a 30 year trend line to the upside last week and was beaten back. I think that until we see USD bulls in control with regards to FX the chop continues and we consolidate.\r\n\r\nTrades will therefore be FLASH TRADES (“Smash and Grab”) until further notice unless something monumental drops on my desk that is too good to miss.\r\n\r\nThese will be similar to the GBP/USD (FT238) trade from earlier. I entered this trade for quick 25 pips took it and left. I know that two of you stayed the course. I entered at 1.5885 to exit at 1.5860 (+25 pips). I took the 25 and ran. It is now sub 1.5820. Good luck to those still trading this pair, manage your stops take some profits off the table as we approach 1.5810.\r\n\r\nLooking around, the DOW, S&amp;P and NASDAQ futures are all lower. Oil and Gold are lower, but copper is up. European Bourses (FTSE, DAX and CAC) are all down as well.\r\n\r\nI am away from my desk for a meeting in Montreal this morning, so I will stay light today on trades.\r\n\r\nI think that the USD strength will return and my overall PLAN A is till a green for go, but for now I will sideline myself apart from the existing LIVE trades.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nCNY: - Industrial Production.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT211\r\nAUD/USD\r\nShort at 0.8700\r\nStop at 0.8780\r\nLimit at 0.8000\r\nPrice now 0.8715\r\nCurrent Profit / Loss Position -15 pips\r\n\r\nRT212\r\nUSD/JPY\r\nLong at 115.50\r\nStop Loss at: 114.85\r\nLimit at: 120.00\r\nPrice Now: 115.34\r\nCurrent Profit / Loss Position -16 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2025\r\nCurrent Profit / Loss Position -15 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong at 1.8520\r\nStop at 1.8150\r\nLimit at 1.9200\r\nPrice now 1.8164\r\nCurrent Profit / Loss Position -356 pips\r\n(This trade is hedged from -100 pips)\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nI have no trades lodged with my brokers at this time.\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#124 - THE DAILY FX POST, Wednesday 12th November 2014','','publish','open','closed','','124-daily-fx-post-wednesday-12th-november-2014','','','2014-11-12 07:31:27','2014-11-12 12:31:27','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4736',0,'member_posts','',0),(4565,1,'2014-10-13 07:02:18','2014-10-13 12:02:18','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Monday 11<sup>th</sup> October 2014\r\nREF: #105</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nAt the open yesterday, we saw some continued USD strength for a short while followed by a turnaround and this weakness in the USD has continued through to now.\r\n\r\nIs the USD bullish run over?\r\n\r\nIn my opinion, no it is not. This weakness in the USD is merely, in my opinion, a technical style move to re-test the breakdown points on the equity charts.\r\n\r\nUp until late last week the USD followed equities up or down, but in particular late last week (Friday, I think), the realization of a larger pullback than 5% suddenly hit the market and there was a realization that the pullback may be larger. The USD strengthened as equities sold off. This is key for me.\r\n\r\nI think that we have to remember the markets have moved a great distance and we have to have consolidation to work off the oversold conditions. The damage has to a large extent been done. But I do expect that these pullback moves in equities will be sold into. As soon as equities start to roll over that will be my time to look to re-enter long on the USD on the numerous set-ups that I featured in last weekend’s WEEKLY FX DRIVE THRU.\r\n\r\nCrude continues to move lower, which is continuing to weaken the CAD pairs.\r\n\r\nIn addition to the CAD pairs as/ should equities roll over I will be looking at the commodity cross-rates in detail.\r\n\r\nJapan, Canada and the U.S. all have holidays today, so this liquidity issues is also on my mind. This is an extra level of caution to bear in mind.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nAUD: - Business Confidence.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\nNo LIVE RADAR TRADES at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7884\r\nCurrent Profit / Loss Position: -93 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8770\r\nCurrent Profit / Loss Position: -61 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0424\r\nCurrent Profit / Loss Position: -83 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nIt will be a slow day today with all the national holidays. I will have initial trade set-ups in about 30-45 minutes and I will be on twitter to advise you of additional thoughts/actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#105 - THE DAILY FX POST, Monday 11th October 201','','inherit','open','closed','','4564-revision-v1','','','2014-10-13 07:02:18','2014-10-13 12:02:18','',4564,'https://weeklyfxdrivethru.com/4564-revision-v1/',0,'revision','',0),(4566,1,'2014-10-13 07:02:36','2014-10-13 12:02:36','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 11<sup>th</sup> October 2014\r\nREF: #105</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nAt the open yesterday, we saw some continued USD strength for a short while followed by a turnaround and this weakness in the USD has continued through to now.\r\n\r\nIs the USD bullish run over?\r\n\r\nIn my opinion, no it is not. This weakness in the USD is merely, in my opinion, a technical style move to re-test the breakdown points on the equity charts.\r\n\r\nUp until late last week the USD followed equities up or down, but in particular late last week (Friday, I think), the realization of a larger pullback than 5% suddenly hit the market and there was a realization that the pullback may be larger. The USD strengthened as equities sold off. This is key for me.\r\n\r\nI think that we have to remember the markets have moved a great distance and we have to have consolidation to work off the oversold conditions. The damage has to a large extent been done. But I do expect that these pullback moves in equities will be sold into. As soon as equities start to roll over that will be my time to look to re-enter long on the USD on the numerous set-ups that I featured in last weekend’s WEEKLY FX DRIVE THRU.\r\n\r\nCrude continues to move lower, which is continuing to weaken the CAD pairs.\r\n\r\nIn addition to the CAD pairs as/ should equities roll over I will be looking at the commodity cross-rates in detail.\r\n\r\nJapan, Canada and the U.S. all have holidays today, so this liquidity issues is also on my mind. This is an extra level of caution to bear in mind.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nAUD: - Business Confidence.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\nNo LIVE RADAR TRADES at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7884\r\nCurrent Profit / Loss Position: -93 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8770\r\nCurrent Profit / Loss Position: -61 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0424\r\nCurrent Profit / Loss Position: -83 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nI have no LIMIT or STOP orders with any brokers at the present time.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nIt will be a slow day today with all the national holidays. I will have initial trade set-ups in about 30-45 minutes and I will be on twitter to advise you of additional thoughts/actions as the day unfolds.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#105 - THE DAILY FX POST, Monday 11th October 201','','inherit','open','closed','','4564-revision-v1','','','2014-10-13 07:02:36','2014-10-13 12:02:36','',4564,'https://weeklyfxdrivethru.com/4564-revision-v1/',0,'revision','',0),(4567,1,'2014-10-14 07:25:08','2014-10-14 12:25:08','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Tuesday 12th October 2014\r\nREF: #106</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD bites back.\r\n\r\nMy core trades are starting to look as if they will return to positive and my RADAR trades from yesterday that triggered look good. Trades are still live, personally banked $$$ so very happy and I now have over +95 pips protected profits in place. I am looking to add on renewed USD strength later.\r\n\r\nThere is a lot of volatility, which is normal given the fact that we have now left a one sided market. We are now watching buyers/sellers fight for control at key levels. There are many inflection points dotted around and the fact that we have a “normal” (I hate saying that…maybe new normal market) in play, I think that the volatility will be here for a while until the winner of the bull/bear fight is declared. Right now, the bears have it; in my opinion.\r\n\r\nAs I said yesterday, we are now consolidating the pullback in the DXY. Today the key numbers, in my opinion to watch from a Forex perspective are: -\r\n\r\nEUR/USD 1.2640 support\r\n\r\nGBP/USD is in meltdown mode. 1.5880 is a big level, however, it has dropped over 150 pips so far today so be gentle…. wait for a pullback to enter is you are not already short\r\n\r\nUSD/JPY 106.50 support\r\n\r\nUSD/CAD resistance at 1.1275\r\n\r\nAUD/USD support at 0.8650\r\n\r\nNZD/USD support at 0.7800\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><span style=\"font-size: 10pt;\"> CNY: - CPi</span>.</span>\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT186\r\nEUR/USD\r\nShort at 1.2715\r\nStop at 1.2699\r\nLimit at 1.1860\r\nPrice Now: 1.2651\r\nCurrent Profit / Loss Position: +64 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7862\r\nCurrent Profit / Loss Position: -69 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8733\r\nCurrent Profit / Loss Position: -24 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0233\r\nCurrent Profit / Loss Position: -274 pips\r\n(This trade is hedged from -125 pips)\r\n\r\nFUN46\r\nAUD/USD\r\nShort at 0.8780\r\nStop at 0.8880\r\nLimit at 0.8000\r\nPrice Now: 0.8733\r\nCurrent Profit / Loss Position: +47 pips\r\n\r\nFUN47\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7500\r\nLimit at 2.0650\r\nPrice Now: 1.8213\r\nCurrent Profit / Loss Position: -87 pips\r\n(This trade will be hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT187\r\nGBP/USD\r\nShort at 1.5960\r\nStop at 1.6120\r\nLimit at 1.5380\r\n\r\nRT189\r\nUSD/CAD\r\nLong at 1.1225\r\nStop at 1.1140\r\nLimit at 1.1580\r\n\r\nFUN45\r\nNZD/USD\r\nShort at 0.7930\r\nStop at 0.8080\r\nLimit at 0.7000\r\n\r\nFUN48\r\nEUR/AUD\r\nLong at 1.4400\r\nStop at 1.3980\r\nLimit at 1.5870\r\n\r\nFUN49\r\nEUR/CAD\r\nLong at 1.4175\r\nStop at 1.3850\r\nLimit at 1.5600\r\n\r\nFUN50\r\nEUR/NZD\r\nLong at 1.5990\r\nStop at 1.3850\r\nLimit at 1.5600\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nBe very careful today. We are at many major levels and I am expecting major volatility.\r\n\r\nI am not looking to add any trades.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#106 - THE DAILY FX POST, Tuesday 12th October 2014','','publish','open','closed','','106-daily-fx-post-tuesday-12th-october-2014','','','2014-10-14 07:25:08','2014-10-14 12:25:08','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4567',0,'member_posts','',0),(4568,1,'2014-10-14 07:24:43','2014-10-14 12:24:43','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 12th October 2014\r\nREF: #106</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD bites back.\r\n\r\nMy core trades are starting to look as if they will return to positive and my RADAR trades from yesterday that triggered look good. Trades are still live, personally banked $$$ so very happy and I now have over +95 pips protected profits in place. I am looking to add on renewed USD strength later.\r\n\r\nThere is a lot of volatility, which is normal given the fact that we have now left a one sided market. We are now watching buyers/sellers fight for control at key levels. There are many inflection points dotted around and the fact that we have a “normal” (I hate saying that…maybe new normal market) in play, I think that the volatility will be here for a while until the winner of the bull/bear fight is declared. Right now, the bears have it; in my opinion.\r\n\r\nAs I said yesterday, we are now consolidating the pullback in the DXY. Today the key numbers, in my opinion to watch from a Forex perspective are: -\r\n\r\nEUR/USD 1.2640 support\r\n\r\nGBP/USD is in meltdown mode. 1.5880 is a big level, however, it has dropped over 150 pips so far today so be gentle…. wait for a pullback to enter is you are not already short\r\n\r\nUSD/JPY 106.50 support\r\n\r\nUSD/CAD resistance at 1.1275\r\n\r\nAUD/USD support at 0.8650\r\n\r\nNZD/USD support at 0.7800\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><span style=\"font-size: 10pt;\"> CNY: - CPi</span>.</span>\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT186\r\nEUR/USD\r\nShort at 1.2715\r\nStop at 1.2699\r\nLimit at 1.1860\r\nPrice Now: 1.2651\r\nCurrent Profit / Loss Position: +64 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7862\r\nCurrent Profit / Loss Position: -69 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8733\r\nCurrent Profit / Loss Position: -24 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0233\r\nCurrent Profit / Loss Position: -274 pips\r\n(This trade is hedged from -125 pips)\r\n\r\nFUN46\r\nAUD/USD\r\nShort at 0.8780\r\nStop at 0.8880\r\nLimit at 0.8000\r\nPrice Now: 0.8733\r\nCurrent Profit / Loss Position: +47 pips\r\n\r\nFUN47\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7500\r\nLimit at 2.0650\r\nPrice Now: 1.8213\r\nCurrent Profit / Loss Position: -87 pips\r\n(This trade will be hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT187\r\nGBP/USD\r\nShort at 1.5960\r\nStop at 1.6120\r\nLimit at 1.5380\r\n\r\nRT189\r\nUSD/CAD\r\nLong at 1.1225\r\nStop at 1.1140\r\nLimit at 1.1580\r\n\r\nFUN45\r\nNZD/USD\r\nShort at 0.7930\r\nStop at 0.8080\r\nLimit at 0.7000\r\n\r\nFUN48\r\nEUR/AUD\r\nLong at 1.4400\r\nStop at 1.3980\r\nLimit at 1.5870\r\n\r\nFUN49\r\nEUR/CAD\r\nLong at 1.4175\r\nStop at 1.3850\r\nLimit at 1.5600\r\n\r\nFUN50\r\nEUR/NZD\r\nLong at 1.5990\r\nStop at 1.3850\r\nLimit at 1.5600\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nBe very careful today. We are at many major levels and I am expecting major volatility.\r\n\r\nI am not looking to add any trades.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#106 - THE DAILY FX POST, Tuesday 12th October 2014','','inherit','open','closed','','4567-revision-v1','','','2014-10-14 07:24:43','2014-10-14 12:24:43','',4567,'https://weeklyfxdrivethru.com/4567-revision-v1/',0,'revision','',0),(4569,1,'2014-10-14 07:25:08','2014-10-14 12:25:08','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Tuesday 12th October 2014\r\nREF: #106</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe USD bites back.\r\n\r\nMy core trades are starting to look as if they will return to positive and my RADAR trades from yesterday that triggered look good. Trades are still live, personally banked $$$ so very happy and I now have over +95 pips protected profits in place. I am looking to add on renewed USD strength later.\r\n\r\nThere is a lot of volatility, which is normal given the fact that we have now left a one sided market. We are now watching buyers/sellers fight for control at key levels. There are many inflection points dotted around and the fact that we have a “normal” (I hate saying that…maybe new normal market) in play, I think that the volatility will be here for a while until the winner of the bull/bear fight is declared. Right now, the bears have it; in my opinion.\r\n\r\nAs I said yesterday, we are now consolidating the pullback in the DXY. Today the key numbers, in my opinion to watch from a Forex perspective are: -\r\n\r\nEUR/USD 1.2640 support\r\n\r\nGBP/USD is in meltdown mode. 1.5880 is a big level, however, it has dropped over 150 pips so far today so be gentle…. wait for a pullback to enter is you are not already short\r\n\r\nUSD/JPY 106.50 support\r\n\r\nUSD/CAD resistance at 1.1275\r\n\r\nAUD/USD support at 0.8650\r\n\r\nNZD/USD support at 0.7800\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><span style=\"font-size: 10pt;\"> CNY: - CPi</span>.</span>\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT186\r\nEUR/USD\r\nShort at 1.2715\r\nStop at 1.2699\r\nLimit at 1.1860\r\nPrice Now: 1.2651\r\nCurrent Profit / Loss Position: +64 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7862\r\nCurrent Profit / Loss Position: -69 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8733\r\nCurrent Profit / Loss Position: -24 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0233\r\nCurrent Profit / Loss Position: -274 pips\r\n(This trade is hedged from -125 pips)\r\n\r\nFUN46\r\nAUD/USD\r\nShort at 0.8780\r\nStop at 0.8880\r\nLimit at 0.8000\r\nPrice Now: 0.8733\r\nCurrent Profit / Loss Position: +47 pips\r\n\r\nFUN47\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7500\r\nLimit at 2.0650\r\nPrice Now: 1.8213\r\nCurrent Profit / Loss Position: -87 pips\r\n(This trade will be hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT187\r\nGBP/USD\r\nShort at 1.5960\r\nStop at 1.6120\r\nLimit at 1.5380\r\n\r\nRT189\r\nUSD/CAD\r\nLong at 1.1225\r\nStop at 1.1140\r\nLimit at 1.1580\r\n\r\nFUN45\r\nNZD/USD\r\nShort at 0.7930\r\nStop at 0.8080\r\nLimit at 0.7000\r\n\r\nFUN48\r\nEUR/AUD\r\nLong at 1.4400\r\nStop at 1.3980\r\nLimit at 1.5870\r\n\r\nFUN49\r\nEUR/CAD\r\nLong at 1.4175\r\nStop at 1.3850\r\nLimit at 1.5600\r\n\r\nFUN50\r\nEUR/NZD\r\nLong at 1.5990\r\nStop at 1.3850\r\nLimit at 1.5600\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nBe very careful today. We are at many major levels and I am expecting major volatility.\r\n\r\nI am not looking to add any trades.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#106 - THE DAILY FX POST, Tuesday 12th October 2014','','inherit','open','closed','','4567-revision-v1','','','2014-10-14 07:25:08','2014-10-14 12:25:08','',4567,'https://weeklyfxdrivethru.com/4567-revision-v1/',0,'revision','',0),(4570,1,'2014-10-15 07:03:24','2014-10-15 12:03:24','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 13th October 2014\r\nREF: #107</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nA bit of a lull in proceedings so far since the North American close yesterday.\r\n\r\nU.S. Retail sales today, will be the market mover for the markets and if better than expected I think that the USD has the potential to really see some traction. The metals are down and so is oil. The Ebola epidemic claims another victim on U.S. soil from the same Dallas Hospital as the last person. This will weigh in on the markets. This is USD supportive.\r\n\r\nToday, it all depends on the retail sales data in my opinion.\r\n\r\nI am not looking to add positions today, but I am looking very closely at the CAD. On the back of weaker oil prices this pair is breaking out.\r\n\r\nI closed a few FUNDAMENTAL long trade limit orders yesterday. I am looking to bank $$$ this week having kissed over 600 pips of nice profits goodbye on the last two Sunday night openings. I do believe that we are in a risk off scenario, but I am growing increasingly frustrated that my core trades have not moved forward.\r\n\r\nLets see what happens today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Core Retail Sales.\r\nEUR: - Draghi talks.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT190\r\nEUR/USD\r\nShort at 1.2660\r\nStop at 1.2715\r\nLimit at 1.1860\r\nPrice Now: 1.2646\r\nCurrent Profit / Loss Position: +14 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7832\r\nCurrent Profit / Loss Position: -39 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8717\r\nCurrent Profit / Loss Position: -8 pips\r\n\r\nFT201\r\nEUR/JPY\r\nShort at 135.44\r\nStop at 136.25\r\nLimit at 126.00\r\nPrice Now: 135.42\r\nCurrent Profit / Loss Position: +2 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0320\r\nCurrent Profit / Loss Position: -187 pips\r\n(This trade is hedged from -125 pips)\r\n\r\nFUN47\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7500\r\nLimit at 2.0650\r\nPrice Now: 1.8261\r\nCurrent Profit / Loss Position: -39 pips\r\n(This trade will be hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT187\r\nGBP/USD\r\nShort at 1.5960\r\nStop at 1.6120\r\nLimit at 1.5380\r\n\r\nFUN45\r\nNZD/USD\r\nShort at 0.7930\r\nStop at 0.8080\r\nLimit at 0.7000\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nBe very careful today. We are still at many major levels and I am expecting major volatility. Buyers and sellers are STILL fighting over control.\r\n\r\nBy now, I would have expected the commodity currencies to have weakened dramatically, they have NOT yet. Hence the reason I took some commodity cross rate long trades off the table. I am just being cautious, maybe too over cautious. But I have been here before.\r\n\r\nIf the USD powers through 86.00 towards 92.00 there will be thousands of pips available for profit. It s all about the bigger picture. Be patient.\r\n\r\nGood luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#107 - THE DAILY FX POST, Wednesday 13th October 2014','','publish','open','closed','','107-daily-fx-post-wednesday-13th-october-2014','','','2014-10-15 07:03:24','2014-10-15 12:03:24','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4570',0,'member_posts','',0),(4571,1,'2014-10-15 07:03:02','2014-10-15 12:03:02','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Wednesday 13th October 2014\r\nREF: #107</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nA bit of a lull in proceedings so far since the North American close yesterday.\r\n\r\nU.S. Retail sales today, will be the market mover for the markets and if better than expected I think that the USD has the potential to really see some traction. The metals are down and so is oil. The Ebola epidemic claims another victim on U.S. soil from the same Dallas Hospital as the last person. This will weigh in on the markets. This is USD supportive.\r\n\r\nToday, it all depends on the retail sales data in my opinion.\r\n\r\nI am not looking to add positions today, but I am looking very closely at the CAD. On the back of weaker oil prices this pair is breaking out.\r\n\r\nI closed a few FUNDAMENTAL long trade limit orders yesterday. I am looking to bank $$$ this week having kissed over 600 pips of nice profits goodbye on the last two Sunday night openings. I do believe that we are in a risk off scenario, but I am growing increasingly frustrated that my core trades have not moved forward.\r\n\r\nLets see what happens today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Core Retail Sales.\r\nEUR: - Draghi talks.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT190\r\nEUR/USD\r\nShort at 1.2660\r\nStop at 1.2715\r\nLimit at 1.1860\r\nPrice Now: 1.2646\r\nCurrent Profit / Loss Position: +14 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7832\r\nCurrent Profit / Loss Position: -39 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8717\r\nCurrent Profit / Loss Position: -8 pips\r\n\r\nFT201\r\nEUR/JPY\r\nShort at 135.44\r\nStop at 136.25\r\nLimit at 126.00\r\nPrice Now: 135.42\r\nCurrent Profit / Loss Position: +2 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0320\r\nCurrent Profit / Loss Position: -187 pips\r\n(This trade is hedged from -125 pips)\r\n\r\nFUN47\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7500\r\nLimit at 2.0650\r\nPrice Now: 1.8261\r\nCurrent Profit / Loss Position: -39 pips\r\n(This trade will be hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT187\r\nGBP/USD\r\nShort at 1.5960\r\nStop at 1.6120\r\nLimit at 1.5380\r\n\r\nFUN45\r\nNZD/USD\r\nShort at 0.7930\r\nStop at 0.8080\r\nLimit at 0.7000\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nBe very careful today. We are still at many major levels and I am expecting major volatility. Buyers and sellers are STILL fighting over control.\r\n\r\nBy now, I would have expected the commodity currencies to have weakened dramatically, they have NOT yet. Hence the reason I took some commodity cross rate long trades off the table. I am just being cautious, maybe too over cautious. But I have been here before.\r\n\r\nIf the USD powers through 86.00 towards 92.00 there will be thousands of pips available for profit. It s all about the bigger picture. Be patient.\r\n\r\nGood luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#107 - THE DAILY FX POST, Wednesday 13th October 2014','','inherit','open','closed','','4570-revision-v1','','','2014-10-15 07:03:02','2014-10-15 12:03:02','',4570,'https://weeklyfxdrivethru.com/4570-revision-v1/',0,'revision','',0),(4572,1,'2014-10-15 07:03:24','2014-10-15 12:03:24','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 13th October 2014\r\nREF: #107</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nA bit of a lull in proceedings so far since the North American close yesterday.\r\n\r\nU.S. Retail sales today, will be the market mover for the markets and if better than expected I think that the USD has the potential to really see some traction. The metals are down and so is oil. The Ebola epidemic claims another victim on U.S. soil from the same Dallas Hospital as the last person. This will weigh in on the markets. This is USD supportive.\r\n\r\nToday, it all depends on the retail sales data in my opinion.\r\n\r\nI am not looking to add positions today, but I am looking very closely at the CAD. On the back of weaker oil prices this pair is breaking out.\r\n\r\nI closed a few FUNDAMENTAL long trade limit orders yesterday. I am looking to bank $$$ this week having kissed over 600 pips of nice profits goodbye on the last two Sunday night openings. I do believe that we are in a risk off scenario, but I am growing increasingly frustrated that my core trades have not moved forward.\r\n\r\nLets see what happens today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\nUSD: - Core Retail Sales.\r\nEUR: - Draghi talks.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT190\r\nEUR/USD\r\nShort at 1.2660\r\nStop at 1.2715\r\nLimit at 1.1860\r\nPrice Now: 1.2646\r\nCurrent Profit / Loss Position: +14 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7832\r\nCurrent Profit / Loss Position: -39 pips\r\n\r\nFT191\r\nAUD/USD\r\nShort at 0.8709\r\nStop at 0.9100\r\nLimit at 0.8000\r\nPrice Now: 0.8717\r\nCurrent Profit / Loss Position: -8 pips\r\n\r\nFT201\r\nEUR/JPY\r\nShort at 135.44\r\nStop at 136.25\r\nLimit at 126.00\r\nPrice Now: 135.42\r\nCurrent Profit / Loss Position: +2 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 2.0000\r\nLimit at 2.3200\r\nPrice Now: 2.0320\r\nCurrent Profit / Loss Position: -187 pips\r\n(This trade is hedged from -125 pips)\r\n\r\nFUN47\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7500\r\nLimit at 2.0650\r\nPrice Now: 1.8261\r\nCurrent Profit / Loss Position: -39 pips\r\n(This trade will be hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT187\r\nGBP/USD\r\nShort at 1.5960\r\nStop at 1.6120\r\nLimit at 1.5380\r\n\r\nFUN45\r\nNZD/USD\r\nShort at 0.7930\r\nStop at 0.8080\r\nLimit at 0.7000\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nBe very careful today. We are still at many major levels and I am expecting major volatility. Buyers and sellers are STILL fighting over control.\r\n\r\nBy now, I would have expected the commodity currencies to have weakened dramatically, they have NOT yet. Hence the reason I took some commodity cross rate long trades off the table. I am just being cautious, maybe too over cautious. But I have been here before.\r\n\r\nIf the USD powers through 86.00 towards 92.00 there will be thousands of pips available for profit. It s all about the bigger picture. Be patient.\r\n\r\nGood luck.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#107 - THE DAILY FX POST, Wednesday 13th October 2014','','inherit','open','closed','','4570-revision-v1','','','2014-10-15 07:03:24','2014-10-15 12:03:24','',4570,'https://weeklyfxdrivethru.com/4570-revision-v1/',0,'revision','',0),(4576,1,'2014-10-17 07:38:16','2014-10-17 12:38:16','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Friday 17th October 2014\r\nREF: #109</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nGood morning and welcome to the new subscribers from yesterday.\r\n\r\nThe markets after the huge volatile moves of the past few days are now consolidating and recovering. In the Forex markets the USD is weakening a little. There are so many flag patterns on the charts, if we do not resume the initial direction (USD strength) in the next couple of days, in my opinion, the flag patterns will become invalid and we will be subject to a momentum / directional change.\r\n\r\nI am sidelined, apart from nursing 3 live trades from a few days ago all hedged. My max loss is 325 pips so it is not the end of the world. The only consideration with hedging it that I have double SWAP fees, although when one trade is positive it does not feel that bad.\r\n\r\nI am expecting today, to be a very quiet day. It is a Friday and there will be many bruised traders sitting around saying to themselves “TGIF”.\r\n\r\nLooking around, GOLD and COPPER are down and OIL has moved up a bit, but the equities markets are green all over the place right now. I just think that today will be a drift day.\r\n\r\nI have a couple of great RADAR TRADES to post and I will do these via twitter later with charts.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 10pt;\"> USD: - Janet Yellen speaks and UoM Consumer Sentiment.</span>\r\n<span style=\"font-size: 10pt;\"> CAD: - Core CPi Sales.</span><strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE radar trades at the moment.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7954\r\nCurrent Profit / Loss Position: -161 pips\r\n(This pair is hedged from -100 pips)<strong> </strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong at 1.1340\r\nStop at 1.1170\r\nLimit at 1.1570\r\nPrice Now: 1.1240\r\nCurrent Profit / Loss Position: -100 pips\r\n(This pair is hedged from -100 pips)<strong> </strong><strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 1.9800\r\nLimit at 2.3200\r\nPrice Now: 2.0259\r\nCurrent Profit / Loss Position: -248 pips\r\n(This trade is hedged from -125 pips)\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nThere are no limit orders with my brokers at this time.<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nIt is a Friday. There are several geopolitical news events still troubling the markets so do not get caught in trade that you have to sit in over the weekend.\r\n\r\nGood luck today and have a great weekend.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#109 - THE DAILY FX POST, Friday 17th October 2014','','publish','open','closed','','109-daily-fx-post-friday-17th-october-2014','','','2014-10-17 07:38:16','2014-10-17 12:38:16','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4576',0,'member_posts','',0),(4577,1,'2014-10-17 07:38:03','2014-10-17 12:38:03','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Friday 17th October 2014\r\nREF: #109</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nGood morning and welcome to the new subscribers from yesterday.\r\n\r\nThe markets after the huge volatile moves of the past few days are now consolidating and recovering. In the Forex markets the USD is weakening a little. There are so many flag patterns on the charts, if we do not resume the initial direction (USD strength) in the next couple of days, in my opinion, the flag patterns will become invalid and we will be subject to a momentum / directional change.\r\n\r\nI am sidelined, apart from nursing 3 live trades from a few days ago all hedged. My max loss is 325 pips so it is not the end of the world. The only consideration with hedging it that I have double SWAP fees, although when one trade is positive it does not feel that bad.\r\n\r\nI am expecting today, to be a very quiet day. It is a Friday and there will be many bruised traders sitting around saying to themselves “TGIF”.\r\n\r\nLooking around, GOLD and COPPER are down and OIL has moved up a bit, but the equities markets are green all over the place right now. I just think that today will be a drift day.\r\n\r\nI have a couple of great RADAR TRADES to post and I will do these via twitter later with charts.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 10pt;\"> USD: - Janet Yellen speaks and UoM Consumer Sentiment.</span>\r\n<span style=\"font-size: 10pt;\"> CAD: - Core CPi Sales.</span><strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE radar trades at the moment.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7954\r\nCurrent Profit / Loss Position: -161 pips\r\n(This pair is hedged from -100 pips)<strong> </strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong at 1.1340\r\nStop at 1.1170\r\nLimit at 1.1570\r\nPrice Now: 1.1240\r\nCurrent Profit / Loss Position: -100 pips\r\n(This pair is hedged from -100 pips)<strong> </strong><strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 1.9800\r\nLimit at 2.3200\r\nPrice Now: 2.0259\r\nCurrent Profit / Loss Position: -248 pips\r\n(This trade is hedged from -125 pips)\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nThere are no limit orders with my brokers at this time.<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nIt is a Friday. There are several geopolitical news events still troubling the markets so do not get caught in trade that you have to sit in over the weekend.\r\n\r\nGood luck today and have a great weekend.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#109 - THE DAILY FX POST, Friday 17th October 2014','','inherit','open','closed','','4576-revision-v1','','','2014-10-17 07:38:03','2014-10-17 12:38:03','',4576,'https://weeklyfxdrivethru.com/4576-revision-v1/',0,'revision','',0),(4578,1,'2014-10-17 07:38:16','2014-10-17 12:38:16','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Friday 17th October 2014\r\nREF: #109</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nGood morning and welcome to the new subscribers from yesterday.\r\n\r\nThe markets after the huge volatile moves of the past few days are now consolidating and recovering. In the Forex markets the USD is weakening a little. There are so many flag patterns on the charts, if we do not resume the initial direction (USD strength) in the next couple of days, in my opinion, the flag patterns will become invalid and we will be subject to a momentum / directional change.\r\n\r\nI am sidelined, apart from nursing 3 live trades from a few days ago all hedged. My max loss is 325 pips so it is not the end of the world. The only consideration with hedging it that I have double SWAP fees, although when one trade is positive it does not feel that bad.\r\n\r\nI am expecting today, to be a very quiet day. It is a Friday and there will be many bruised traders sitting around saying to themselves “TGIF”.\r\n\r\nLooking around, GOLD and COPPER are down and OIL has moved up a bit, but the equities markets are green all over the place right now. I just think that today will be a drift day.\r\n\r\nI have a couple of great RADAR TRADES to post and I will do these via twitter later with charts.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 10pt;\"> USD: - Janet Yellen speaks and UoM Consumer Sentiment.</span>\r\n<span style=\"font-size: 10pt;\"> CAD: - Core CPi Sales.</span><strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE radar trades at the moment.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT190\r\nNZD/USD\r\nShort at 0.7793\r\nStop at 0.8050\r\nLimit at 0.6580\r\nPrice Now: 0.7954\r\nCurrent Profit / Loss Position: -161 pips\r\n(This pair is hedged from -100 pips)<strong> </strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong at 1.1340\r\nStop at 1.1170\r\nLimit at 1.1570\r\nPrice Now: 1.1240\r\nCurrent Profit / Loss Position: -100 pips\r\n(This pair is hedged from -100 pips)<strong> </strong><strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN44\r\nGBP/NZD\r\nLong at 2.0507\r\nStop at 1.9800\r\nLimit at 2.3200\r\nPrice Now: 2.0259\r\nCurrent Profit / Loss Position: -248 pips\r\n(This trade is hedged from -125 pips)\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nThere are no limit orders with my brokers at this time.<strong> </strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nIt is a Friday. There are several geopolitical news events still troubling the markets so do not get caught in trade that you have to sit in over the weekend.\r\n\r\nGood luck today and have a great weekend.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#109 - THE DAILY FX POST, Friday 17th October 2014','','inherit','open','closed','','4576-revision-v1','','','2014-10-17 07:38:16','2014-10-17 12:38:16','',4576,'https://weeklyfxdrivethru.com/4576-revision-v1/',0,'revision','',0),(4789,1,'2014-11-19 08:06:15','2014-11-19 13:06:15','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 19th November 2014\r\nREF: #129</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe big news today is the FOMC meeting minutes release. This has been the main reason for my reluctance to trade more heavily. Even now I have exposure to the USD that may just have to close. I will make that decision later.\r\n\r\nIt was all about the JPY and GBP overnight.\r\n\r\nThe BOJ confirmed that it will continue with QE stimulus and that Japan will achieve its 2% inflation objective. On the back of this news the JPY continued to weaken. It did not perform as well with the main commodity pairs (AUD/JPY, GBP/JPY and CAD/JPY).\r\n\r\nI think the time has come for me to look at getting into this JPY…. Put my fears to bed and dive in on a pullback. After the FED today and as Asia opens tonight I will be looking to add JPY pairs into the limit order set-ups. I know that about 10 of you will be happy to hear this, as it is my most frequent conversation over the past two / three weeks. My feeling at the moment is to focus on USD/JPY and maybe one or two other crosses. It is definitely the way things stand right now, a buy on the dips approach.\r\n\r\nI exited three trades last night, the GBP/AUD, GBP/NZD and NZD/USD.\r\n\r\nThe cable rose well today on the back of MPC voting results, which were considerably less DOVISH than anticipated. I was expecting, a HAWKISH tone given the recent comments.\r\n\r\nThis really was a bummer.\r\n\r\nCable drove higher from 1.5590 to 1.5700. My limit order short at 1.5700 GBP/USD did not trigger because the broker used recorded a high of 1.56997. Which was a great entry level. For those of you that the trade triggered for, good luck. For me to get into this pair now, I need USD weakness.\r\n\r\nThen of course because I am away most of the morning I decided to be clever and close the GBP crosses last night ahead of the GBP news.\r\n\r\nGBP/AUD – did not bother me as it was hedged. The net /net does not change.\r\n\r\nGBP/NZD – potential 200 pip profits not taken, but I did bank 54 last night.\r\n\r\nOne of those days…. we all get them.\r\n\r\nApart from the JPY and GBP news the rest of the market did not do much at all. We saw a little continued weakness with the AUD and NZD. In addition the USD/CAD has sprung to life.\r\n\r\nThe commodity currencies do tend to lead the FX market so if the FOMC meeting minutes are consistent with recent Yellen comments, we should see the USD strengthen. Bear in mind every line, every dot and every cross on the pages of the minutes will be screened for changes. This is the primary reason that I am holding back on new trades at the moment. There is nothing worse than being caught on the wrong side of the FED.\r\n\r\nA few hours from now all will be clear…. I hope. Usually these news events give us trades into the Asian and European sessions.\r\n\r\nAt the moment, we are still range bound so do not expect big moves ahead of the FOMC.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - FOMC Meeting Minutes.\r\n\r\nCNY: - HSBC Flash Manufacturing PMi.\r\n\r\nEUR: - France and Germany Flash Manufacturing PMi.\r\nGBP: - Retail Sales.<strong>\r\n</strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9540\r\nLimit at 0.9750\r\nPrice now 0.9585\r\nCurrent Profit / Loss Position -45 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2013\r\nCurrent Profit / Loss Position -27 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2580\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2532\r\nCurrent Profit / Loss Position -22 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT215\r\nGBP/USD\r\nShort at 1.5700\r\nStop at 1.5760\r\nLimit at 1.5240\r\n\r\nFUN68\r\nAUD/USD – (PLEASE NOTE NEW ENTRY &amp; STOP LEVELS)\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#129 - THE DAILY FX POST, Wednesday 19th November 2014','','publish','open','closed','','129-daily-fx-post-wednesday-19th-november-2014','','','2014-11-19 08:06:15','2014-11-19 13:06:15','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4789',0,'member_posts','',0),(4790,1,'2014-11-19 08:05:49','2014-11-19 13:05:49','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Wednesday 19th November 2014\r\nREF: #129</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe big news today is the FOMC meeting minutes release. This has been the main reason for my reluctance to trade more heavily. Even now I have exposure to the USD that may just have to close. I will make that decision later.\r\n\r\nIt was all about the JPY and GBP overnight.\r\n\r\nThe BOJ confirmed that it will continue with QE stimulus and that Japan will achieve its 2% inflation objective. On the back of this news the JPY continued to weaken. It did not perform as well with the main commodity pairs (AUD/JPY, GBP/JPY and CAD/JPY).\r\n\r\nI think the time has come for me to look at getting into this JPY…. Put my fears to bed and dive in on a pullback. After the FED today and as Asia opens tonight I will be looking to add JPY pairs into the limit order set-ups. I know that about 10 of you will be happy to hear this, as it is my most frequent conversation over the past two / three weeks. My feeling at the moment is to focus on USD/JPY and maybe one or two other crosses. It is definitely the way things stand right now, a buy on the dips approach.\r\n\r\nI exited three trades last night, the GBP/AUD, GBP/NZD and NZD/USD.\r\n\r\nThe cable rose well today on the back of MPC voting results, which were considerably less DOVISH than anticipated. I was expecting, a HAWKISH tone given the recent comments.\r\n\r\nThis really was a bummer.\r\n\r\nCable drove higher from 1.5590 to 1.5700. My limit order short at 1.5700 GBP/USD did not trigger because the broker used recorded a high of 1.56997. Which was a great entry level. For those of you that the trade triggered for, good luck. For me to get into this pair now, I need USD weakness.\r\n\r\nThen of course because I am away most of the morning I decided to be clever and close the GBP crosses last night ahead of the GBP news.\r\n\r\nGBP/AUD – did not bother me as it was hedged. The net /net does not change.\r\n\r\nGBP/NZD – potential 200 pip profits not taken, but I did bank 54 last night.\r\n\r\nOne of those days…. we all get them.\r\n\r\nApart from the JPY and GBP news the rest of the market did not do much at all. We saw a little continued weakness with the AUD and NZD. In addition the USD/CAD has sprung to life.\r\n\r\nThe commodity currencies do tend to lead the FX market so if the FOMC meeting minutes are consistent with recent Yellen comments, we should see the USD strengthen. Bear in mind every line, every dot and every cross on the pages of the minutes will be screened for changes. This is the primary reason that I am holding back on new trades at the moment. There is nothing worse than being caught on the wrong side of the FED.\r\n\r\nA few hours from now all will be clear…. I hope. Usually these news events give us trades into the Asian and European sessions.\r\n\r\nAt the moment, we are still range bound so do not expect big moves ahead of the FOMC.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - FOMC Meeting Minutes.\r\n\r\nCNY: - HSBC Flash Manufacturing PMi.\r\n\r\nEUR: - France and Germany Flash Manufacturing PMi.\r\nGBP: - Retail Sales.<strong>\r\n</strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9540\r\nLimit at 0.9750\r\nPrice now 0.9585\r\nCurrent Profit / Loss Position -45 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2013\r\nCurrent Profit / Loss Position -27 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2580\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2532\r\nCurrent Profit / Loss Position -22 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT215\r\nGBP/USD\r\nShort at 1.5700\r\nStop at 1.5760\r\nLimit at 1.5240\r\n\r\nFUN68\r\nAUD/USD – (PLEASE NOTE NEW ENTRY &amp; STOP LEVELS)\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#129 - THE DAILY FX POST, Wednesday 19th November 2014','','inherit','open','closed','','4789-revision-v1','','','2014-11-19 08:05:49','2014-11-19 13:05:49','',4789,'https://weeklyfxdrivethru.com/4789-revision-v1/',0,'revision','',0),(4791,1,'2014-11-19 08:06:15','2014-11-19 13:06:15','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 19th November 2014\r\nREF: #129</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThe big news today is the FOMC meeting minutes release. This has been the main reason for my reluctance to trade more heavily. Even now I have exposure to the USD that may just have to close. I will make that decision later.\r\n\r\nIt was all about the JPY and GBP overnight.\r\n\r\nThe BOJ confirmed that it will continue with QE stimulus and that Japan will achieve its 2% inflation objective. On the back of this news the JPY continued to weaken. It did not perform as well with the main commodity pairs (AUD/JPY, GBP/JPY and CAD/JPY).\r\n\r\nI think the time has come for me to look at getting into this JPY…. Put my fears to bed and dive in on a pullback. After the FED today and as Asia opens tonight I will be looking to add JPY pairs into the limit order set-ups. I know that about 10 of you will be happy to hear this, as it is my most frequent conversation over the past two / three weeks. My feeling at the moment is to focus on USD/JPY and maybe one or two other crosses. It is definitely the way things stand right now, a buy on the dips approach.\r\n\r\nI exited three trades last night, the GBP/AUD, GBP/NZD and NZD/USD.\r\n\r\nThe cable rose well today on the back of MPC voting results, which were considerably less DOVISH than anticipated. I was expecting, a HAWKISH tone given the recent comments.\r\n\r\nThis really was a bummer.\r\n\r\nCable drove higher from 1.5590 to 1.5700. My limit order short at 1.5700 GBP/USD did not trigger because the broker used recorded a high of 1.56997. Which was a great entry level. For those of you that the trade triggered for, good luck. For me to get into this pair now, I need USD weakness.\r\n\r\nThen of course because I am away most of the morning I decided to be clever and close the GBP crosses last night ahead of the GBP news.\r\n\r\nGBP/AUD – did not bother me as it was hedged. The net /net does not change.\r\n\r\nGBP/NZD – potential 200 pip profits not taken, but I did bank 54 last night.\r\n\r\nOne of those days…. we all get them.\r\n\r\nApart from the JPY and GBP news the rest of the market did not do much at all. We saw a little continued weakness with the AUD and NZD. In addition the USD/CAD has sprung to life.\r\n\r\nThe commodity currencies do tend to lead the FX market so if the FOMC meeting minutes are consistent with recent Yellen comments, we should see the USD strengthen. Bear in mind every line, every dot and every cross on the pages of the minutes will be screened for changes. This is the primary reason that I am holding back on new trades at the moment. There is nothing worse than being caught on the wrong side of the FED.\r\n\r\nA few hours from now all will be clear…. I hope. Usually these news events give us trades into the Asian and European sessions.\r\n\r\nAt the moment, we are still range bound so do not expect big moves ahead of the FOMC.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - FOMC Meeting Minutes.\r\n\r\nCNY: - HSBC Flash Manufacturing PMi.\r\n\r\nEUR: - France and Germany Flash Manufacturing PMi.\r\nGBP: - Retail Sales.<strong>\r\n</strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9540\r\nLimit at 0.9750\r\nPrice now 0.9585\r\nCurrent Profit / Loss Position -45 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2013\r\nCurrent Profit / Loss Position -27 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2580\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2532\r\nCurrent Profit / Loss Position -22 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT215\r\nGBP/USD\r\nShort at 1.5700\r\nStop at 1.5760\r\nLimit at 1.5240\r\n\r\nFUN68\r\nAUD/USD – (PLEASE NOTE NEW ENTRY &amp; STOP LEVELS)\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#129 - THE DAILY FX POST, Wednesday 19th November 2014','','inherit','open','closed','','4789-revision-v1','','','2014-11-19 08:06:15','2014-11-19 13:06:15','',4789,'https://weeklyfxdrivethru.com/4789-revision-v1/',0,'revision','',0),(4792,1,'2014-11-20 08:19:17','2014-11-20 13:19:17','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 20th November 2014\r\nREF: #130</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nYesterday was a typical FOMC/FED minute’s day.\r\n\r\nThe instantaneous market reaction was to move one-way then after the knee-jerk, the markets took traders in the other direction…. I think that moving forward after over 7 years of trading I am going to really not trade some of these events. Many of you were on email yesterday complaining of bad fills, poor judgment, on the basis of why put your self through it etc.\r\n\r\nMaybe FOMC / FED, NFP and ECB announcements are just one trade too far. The volatility is good but at times I do ask myself it could be viewed as short-term gambling.\r\n\r\nThe markets reaction and the continued fallout tells me that U.S. traders want to be spoon fed like children. They want the date, time and place of the FED rate hike.\r\n\r\nIf only Greenspan was still at the FED and Trichet at the ECB, there would be bugger all transparency as we have grown accustomed to today. Central Bank chiefs are way over accommodative to the markets in the name of stability in my opinion and now the markets are on the front foot using uncertainty as a tool to drive more supportive measures and increased transparency.\r\n\r\nHaving read most of the FOMC minutes they were not as HAWKISH as I thought that they might have been, in fact they were quite DOVISH. A complete opposite from the BOE, I was expecting DOVISH and we saw HAWKISH.\r\n\r\nI hate to write this but I think that we are range bound once again.\r\n\r\nThe EUR/USD holds the key and to me after weaker PMi data from the EUROZONE earlier today, I expected a drop through 1.2500 looking lower, in fact we are stuck in the middle. 1.2500 to 1.2580/1.2600.\r\n\r\nWhen the EUROZONE PMi data was released, I had a lot of nice green numbers across my brokers, a couple of hours later the green was wiped and now as I type it looks like its starting to come back again. This suggests to me that any dips in the USD (DXY) are being bought. I may be wrong… but that\'s what I think at the moment reviewing what has been happening.\r\n\r\nI think that we therefore have to be prepared for range bound activity for the next few sessions.\r\n\r\nI am still a believer that there will be a breakout in the DXY but I may have to sit in trades for a day or two to see the benefit.\r\n\r\nIts back to being patient again…. I think.\r\n\r\nThere are a few buy on dips trades that I am looking at, primarily the GBP/NZD but I need to what happens today with the usual RISK ON / RISK OFF scenario.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Core CPi.\r\nEUR: - Draghi speaks.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9500\r\nLimit at 0.9750\r\nPrice now 0.9580\r\nCurrent Profit / Loss Position -50 pips\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2011\r\nCurrent Profit / Loss Position -29 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2640\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2540\r\nCurrent Profit / Loss Position -30 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5750\r\nLimit at 1.6440\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#130 - THE DAILY FX POST, Thursday 20th November 2014','','publish','open','closed','','130-daily-fx-post-thursday-20th-november-2014','','','2014-11-20 08:19:17','2014-11-20 13:19:17','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4792',0,'member_posts','',0),(4793,1,'2014-11-20 08:18:55','2014-11-20 13:18:55','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Thursday 20th November 2014\r\nREF: #130</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nYesterday was a typical FOMC/FED minute’s day.\r\n\r\nThe instantaneous market reaction was to move one-way then after the knee-jerk, the markets took traders in the other direction…. I think that moving forward after over 7 years of trading I am going to really not trade some of these events. Many of you were on email yesterday complaining of bad fills, poor judgment, on the basis of why put your self through it etc.\r\n\r\nMaybe FOMC / FED, NFP and ECB announcements are just one trade too far. The volatility is good but at times I do ask myself it could be viewed as short-term gambling.\r\n\r\nThe markets reaction and the continued fallout tells me that U.S. traders want to be spoon fed like children. They want the date, time and place of the FED rate hike.\r\n\r\nIf only Greenspan was still at the FED and Trichet at the ECB, there would be bugger all transparency as we have grown accustomed to today. Central Bank chiefs are way over accommodative to the markets in the name of stability in my opinion and now the markets are on the front foot using uncertainty as a tool to drive more supportive measures and increased transparency.\r\n\r\nHaving read most of the FOMC minutes they were not as HAWKISH as I thought that they might have been, in fact they were quite DOVISH. A complete opposite from the BOE, I was expecting DOVISH and we saw HAWKISH.\r\n\r\nI hate to write this but I think that we are range bound once again.\r\n\r\nThe EUR/USD holds the key and to me after weaker PMi data from the EUROZONE earlier today, I expected a drop through 1.2500 looking lower, in fact we are stuck in the middle. 1.2500 to 1.2580/1.2600.\r\n\r\nWhen the EUROZONE PMi data was released, I had a lot of nice green numbers across my brokers, a couple of hours later the green was wiped and now as I type it looks like its starting to come back again. This suggests to me that any dips in the USD (DXY) are being bought. I may be wrong… but that\'s what I think at the moment reviewing what has been happening.\r\n\r\nI think that we therefore have to be prepared for range bound activity for the next few sessions.\r\n\r\nI am still a believer that there will be a breakout in the DXY but I may have to sit in trades for a day or two to see the benefit.\r\n\r\nIts back to being patient again…. I think.\r\n\r\nThere are a few buy on dips trades that I am looking at, primarily the GBP/NZD but I need to what happens today with the usual RISK ON / RISK OFF scenario.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Core CPi.\r\nEUR: - Draghi speaks.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9500\r\nLimit at 0.9750\r\nPrice now 0.9580\r\nCurrent Profit / Loss Position -50 pips\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2011\r\nCurrent Profit / Loss Position -29 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2640\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2540\r\nCurrent Profit / Loss Position -30 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5750\r\nLimit at 1.6440\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#130 - THE DAILY FX POST, Thursday 20th November 2014','','inherit','open','closed','','4792-revision-v1','','','2014-11-20 08:18:55','2014-11-20 13:18:55','',4792,'https://weeklyfxdrivethru.com/4792-revision-v1/',0,'revision','',0),(4794,1,'2014-11-20 08:19:17','2014-11-20 13:19:17','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 20th November 2014\r\nREF: #130</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nYesterday was a typical FOMC/FED minute’s day.\r\n\r\nThe instantaneous market reaction was to move one-way then after the knee-jerk, the markets took traders in the other direction…. I think that moving forward after over 7 years of trading I am going to really not trade some of these events. Many of you were on email yesterday complaining of bad fills, poor judgment, on the basis of why put your self through it etc.\r\n\r\nMaybe FOMC / FED, NFP and ECB announcements are just one trade too far. The volatility is good but at times I do ask myself it could be viewed as short-term gambling.\r\n\r\nThe markets reaction and the continued fallout tells me that U.S. traders want to be spoon fed like children. They want the date, time and place of the FED rate hike.\r\n\r\nIf only Greenspan was still at the FED and Trichet at the ECB, there would be bugger all transparency as we have grown accustomed to today. Central Bank chiefs are way over accommodative to the markets in the name of stability in my opinion and now the markets are on the front foot using uncertainty as a tool to drive more supportive measures and increased transparency.\r\n\r\nHaving read most of the FOMC minutes they were not as HAWKISH as I thought that they might have been, in fact they were quite DOVISH. A complete opposite from the BOE, I was expecting DOVISH and we saw HAWKISH.\r\n\r\nI hate to write this but I think that we are range bound once again.\r\n\r\nThe EUR/USD holds the key and to me after weaker PMi data from the EUROZONE earlier today, I expected a drop through 1.2500 looking lower, in fact we are stuck in the middle. 1.2500 to 1.2580/1.2600.\r\n\r\nWhen the EUROZONE PMi data was released, I had a lot of nice green numbers across my brokers, a couple of hours later the green was wiped and now as I type it looks like its starting to come back again. This suggests to me that any dips in the USD (DXY) are being bought. I may be wrong… but that\'s what I think at the moment reviewing what has been happening.\r\n\r\nI think that we therefore have to be prepared for range bound activity for the next few sessions.\r\n\r\nI am still a believer that there will be a breakout in the DXY but I may have to sit in trades for a day or two to see the benefit.\r\n\r\nIts back to being patient again…. I think.\r\n\r\nThere are a few buy on dips trades that I am looking at, primarily the GBP/NZD but I need to what happens today with the usual RISK ON / RISK OFF scenario.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Core CPi.\r\nEUR: - Draghi speaks.\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT216\r\nUSD/CHF\r\nLong at 0.9630\r\nStop at 0.9500\r\nLimit at 0.9750\r\nPrice now 0.9580\r\nCurrent Profit / Loss Position -50 pips\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2011\r\nCurrent Profit / Loss Position -29 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN67\r\nEUR/USD\r\nShort at 1.2510\r\nStop at 1.2640\r\nLimit at 1.2100 then to 1.1860\r\nPrice now 1.2540\r\nCurrent Profit / Loss Position -30 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5750\r\nLimit at 1.6440\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#130 - THE DAILY FX POST, Thursday 20th November 2014','','inherit','open','closed','','4792-revision-v1','','','2014-11-20 08:19:17','2014-11-20 13:19:17','',4792,'https://weeklyfxdrivethru.com/4792-revision-v1/',0,'revision','',0),(4796,1,'2014-11-21 08:04:46','2014-11-21 13:04:46','<span style=\"font-size: 14pt;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></span>\r\n\r\n<span style=\"font-size: 14pt;\"> </span>\r\n\r\n<strong>DATE: Friday 21st November 2014\r\nREF: #131</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nGood God…. that was hairy before.\r\n\r\nI have a few trades to elaborate on. I decided to close the EUR/USD short (FUN67) and USD/CHF long (RT216) earlier when Draghi was talking. I was watching the TV whilst the kettle was boiling for a Coffee, just about to tweet the trades and then whoosh…\r\n\r\nChina cut rates. I verified that my commodity crosses hedged trades had triggered GBP/NZD (FUN72) and EUR/NZD (RT219) both long trades and hedged from -100 pips. It was a frantic 10-15 minutes that also included putting the dogs out as well.\r\n\r\nIn the middle, I noticed from a new broker that I am trying, my EUR/GBP triggered. As tweeted, it fell below the trend line and then re-tested and dropped. The chart pattern yesterday was showing that this could have been on. Draghi cemented the trade. The trade activated as soon as Draghi started speaking. I have placed a protected stop of 0.7950 on this pair.\r\n\r\nIn addition the USD/CAD long trade (RT222) also triggered. I have added a hedge on this pair given Oil movement and commodity currencies reaction to all the news this morning.\r\n\r\nMoving on….\r\n\r\nMario Draghi did his “whatever it takes” speech again and jawboned the crap out of the EUR. The markets have bought it once again. How many times they will respond this way is debatable. “The boy who cried wolf”, “Kicking the can down the road” it all applies to the EUROZONE and Draghi. As I have said on many occasions talk is cheap and Draghi needs to act. The bottom line is however; the EUR/USD sits once more around the levels I exited my short trade early today. Maybe I was too hasty, (I wasn\'t too hasty last night with over 100 pips profit on 3 x NZD trades) time will tell. I always say that you should never complain banking $$$. This is what trading is all about.\r\n\r\nChina did their version of easing by cutting interest rates. This played havoc with the AUD and NZD currencies whose economies are very reliant on Chinese trade. It will take a while for the knee-jerk reaction to be worked off.\r\n\r\nI am looking around and obviously the European bourses are up, the U.S. equity markets are also up. Asian equity markets closed up as well. The Holy Trinity of OIL, GOLD and COPPER are also trading to the upside.\r\n\r\nWith equities up and the Holy Trinity up, the potential of a USD (DXY) upside break looks extremely doubtful unless equities roll over. It is still trading well inside its 100-point range of 87.20 to 88.20. It is a Friday as well and I hate trading on Friday’s.\r\n\r\nI think that GOLD and the JPY will dominate news today.\r\n\r\nI do not like the JPY price action. 118.00 is proving difficult and with equities at highs the JPY is not correlating. (I cancelled 2 x limit orders on USD/JPY (FUN73) and CAD/JPY (RT221).\r\n\r\nGOLD is also looking like its about to break higher. This will affect the USD (DXY) moving forward.\r\n\r\nI am taking action to protect. I have a funny feeling about the correlations in the market today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nCAD: - Core CPi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5000\r\nLimit at 1.6440\r\nPrice now 1.5712\r\nCurrent Profit / Loss Position –218 pips\r\n(Hedged trade in play from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong at 1.1260\r\nStop at 1.0980\r\nLimit at 1.1500\r\nPrice now 1.1270\r\nCurrent Profit / Loss Position +10 pips\r\n\r\nRT223\r\nEUR/GBP\r\nShort at 0.8000\r\nStop at 0.7950 (protected stop in position)\r\nLimit at 0.7800\r\nPrice now 0.7935\r\nCurrent Profit / Loss Position +65 pips<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2022\r\nCurrent Profit / Loss Position -18 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\nPrice now 0.8705\r\nCurrent Profit / Loss Position -35 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\nPrice now 0.7906\r\nCurrent Profit / Loss Position -26 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong at 1.9950\r\nStop at 1.9000\r\nLimit at 2.0500\r\nPrice now 1.9813\r\nCurrent Profit / Loss Position -127 pips\r\n(Hedge trade triggered at -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#131 - DAILY FX POST, Friday 21st November 2014','','publish','open','closed','','daily-fx-post-friday-21st-november-2014','','','2014-11-21 08:09:33','2014-11-21 13:09:33','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4796',0,'member_posts','',0),(4798,1,'2014-11-21 08:04:06','2014-11-21 13:04:06','<span style=\"font-size: 14pt;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></span>\r\n\r\n<span style=\"font-size: 14pt;\"> </span>\r\n\r\n<strong>DATE: Friday 21st November 2014\r\nREF: #131</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nGood God…. that was hairy before.\r\n\r\nI have a few trades to elaborate on. I decided to close the EUR/USD short (FUN67) and USD/CHF long (RT216) earlier when Draghi was talking. I was watching the TV whilst the kettle was boiling for a Coffee, just about to tweet the trades and then whoosh…\r\n\r\nChina cut rates. I verified that my commodity crosses hedged trades had triggered GBP/NZD (FUN72) and EUR/NZD (RT219) both long trades and hedged from -100 pips. It was a frantic 10-15 minutes that also included putting the dogs out as well.\r\n\r\nIn the middle, I noticed from a new broker that I am trying, my EUR/GBP triggered. As tweeted, it fell below the trend line and then re-tested and dropped. The chart pattern yesterday was showing that this could have been on. Draghi cemented the trade. The trade activated as soon as Draghi started speaking. I have placed a protected stop of 0.7950 on this pair.\r\n\r\nIn addition the USD/CAD long trade (RT222) also triggered. I have added a hedge on this pair given Oil movement and commodity currencies reaction to all the news this morning.\r\n\r\nMoving on….\r\n\r\nMario Draghi did his “whatever it takes” speech again and jawboned the crap out of the EUR. The markets have bought it once again. How many times they will respond this way is debatable. “The boy who cried wolf”, “Kicking the can down the road” it all applies to the EUROZONE and Draghi. As I have said on many occasions talk is cheap and Draghi needs to act. The bottom line is however; the EUR/USD sits once more around the levels I exited my short trade early today. Maybe I was too hasty, (I wasn\'t too hasty last night with over 100 pips profit on 3 x NZD trades) time will tell. I always say that you should never complain banking $$$. This is what trading is all about.\r\n\r\nChina did their version of easing by cutting interest rates. This played havoc with the AUD and NZD currencies whose economies are very reliant on Chinese trade. It will take a while for the knee-jerk reaction to be worked off.\r\n\r\nI am looking around and obviously the European bourses are up, the U.S. equity markets are also up. Asian equity markets closed up as well. The Holy Trinity of OIL, GOLD and COPPER are also trading to the upside.\r\n\r\nWith equities up and the Holy Trinity up, the potential of a USD (DXY) upside break looks extremely doubtful unless equities roll over. It is still trading well inside its 100-point range of 87.20 to 88.20. It is a Friday as well and I hate trading on Friday’s.\r\n\r\nI think that GOLD and the JPY will dominate news today.\r\n\r\nI do not like the JPY price action. 118.00 is proving difficult and with equities at highs the JPY is not correlating. (I cancelled 2 x limit orders on USD/JPY (FUN73) and CAD/JPY (RT221).\r\n\r\nGOLD is also looking like its about to break higher. This will affect the USD (DXY) moving forward.\r\n\r\nI am taking action to protect. I have a funny feeling about the correlations in the market today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nCAD: - Core CPi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5000\r\nLimit at 1.6440\r\nPrice now 1.5712\r\nCurrent Profit / Loss Position –218 pips\r\n(Hedged trade in play from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong at 1.1260\r\nStop at 1.0980\r\nLimit at 1.1500\r\nPrice now 1.1270\r\nCurrent Profit / Loss Position +10 pips\r\n\r\nRT223\r\nEUR/GBP\r\nShort at 0.8000\r\nStop at 0.7950 (protected stop in position)\r\nLimit at 0.7800\r\nPrice now 0.7935\r\nCurrent Profit / Loss Position +65 pips<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2022\r\nCurrent Profit / Loss Position -18 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\nPrice now 0.8705\r\nCurrent Profit / Loss Position -35 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\nPrice now 0.7906\r\nCurrent Profit / Loss Position -26 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong at 1.9950\r\nStop at 1.9000\r\nLimit at 2.0500\r\nPrice now 1.9813\r\nCurrent Profit / Loss Position -127 pips\r\n(Hedge trade triggered at -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','DAILY FX POST, Friday 21st November 2014','','inherit','open','closed','','4796-revision-v1','','','2014-11-21 08:04:06','2014-11-21 13:04:06','',4796,'https://weeklyfxdrivethru.com/4796-revision-v1/',0,'revision','',0),(4797,1,'2014-11-21 08:00:19','2014-11-21 13:00:19','<strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong>\r\n\r\n<strong>DATE: Friday 21st November 2014\r\nREF: #131</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nGood God…. that was hairy before.\r\n\r\n&nbsp;\r\n\r\nI have a few trades to elaborate on. I decided to close the EURUSD short (FUN67) and USDCHF long (RT216) earlier when Draghi was talking. I was watching the TV whilst the kettle was boiling for a Coffee, just about to tweet the trades and then whoosh…\r\n\r\nChina cut rates. I verified that my commodity crosses hedged trades had triggered GBP/NZD (FUN72) and EUR/NZD (RT219) both long trades and hedged from -100 pips. It was a frantic 10-15 minutes that also included putting the dogs out as well.\r\n\r\n&nbsp;\r\n\r\nIn the middle, I noticed from a new broker that I am trying, my EUR/GBP triggered. As tweeted, it fell below the trend line and then re-tested and dropped. The chart pattern yesterday was showing that this could have been on. Draghi cemented the trade. The trade activated as soon as Draghi started speaking. I have placed a protected stop of 0.7950 on this pair.\r\n\r\n&nbsp;\r\n\r\nIn addition the USD/CAD long trade (RT222) also triggered. I have added a hedge on this pair given Oil movement and commodity currencies reaction to all the news this morning.\r\n\r\n&nbsp;\r\n\r\nMoving on….\r\n\r\n&nbsp;\r\n\r\nMario Draghi did his “whatever it takes” speech again and jawboned the crap out of the EUR. The markets have bought it once again. How many times they will respond this way is debatable. “The boy who cried wolf”, “Kicking the can down the road” it all applies to the EUROZONE and Draghi. As I have said on many occasions talk is cheap and Draghi needs to act. The bottom line is however; the EUR/USD sits once more around the levels I exited my short trade early today. Maybe I was too hasty, (I wasn\'t too hasty last night with over 100 pips profit on 3 x NZD trades) time will tell. I always say that you should never complain banking $$$. This is what trading is all about.\r\n\r\n&nbsp;\r\n\r\nChina did their version of easing by cutting interest rates. This played havoc with the AUD and NZD currencies whose economies are very reliant on Chinese trade. It will take a while for the knee-jerk reaction to be worked off.\r\n\r\n&nbsp;\r\n\r\nI am looking around and obviously the European bourses are up, the U.S. equity markets are also up. Asian equity markets closed up as well. The Holy Trinity of OIL, GOLD and COPPER are also trading to the upside.\r\n\r\n&nbsp;\r\n\r\nWith equities up and the Holy Trinity up, the potential of a USD (DXY) upside break looks extremely doubtful unless equities roll over. It is still trading well inside its 100-point range of 87.20 to 88.20. It is a Friday as well and I hate trading on Friday’s.\r\n\r\n&nbsp;\r\n\r\nI think that GOLD and the JPY will dominate news today.\r\n\r\n&nbsp;\r\n\r\nI do not like the JPY price action. 118.00 is proving difficult and with equities at highs the JPY is not correlating. (I cancelled 2 x limit orders on USD/JPY (FUN73) and CAD/JPY (RT221).\r\n\r\n&nbsp;\r\n\r\nGOLD is also looking like its about to break higher. This will affect the USD (DXY) moving forward.\r\n\r\n&nbsp;\r\n\r\nI am taking action to protect. I have a funny feeling about the correlations in the market today.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></li>\r\n</ol>\r\nCAD: - Core CPi.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5000\r\n\r\nLimit at 1.6440\r\n\r\nPrice now 1.5712\r\n\r\nCurrent Profit / Loss Position –218 pips\r\n\r\n(Hedged trade in play from -100 pips)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nRT222\r\nUSD/CAD\r\nLong at 1.1260\r\nStop at 1.0980\r\n\r\nLimit at 1.1500\r\n\r\nPrice now 1.1270\r\n\r\nCurrent Profit / Loss Position +10 pips\r\n\r\n&nbsp;\r\n\r\nRT223\r\nEUR/GBP\r\nShort at 0.8000\r\nStop at 0.7950 (protected stop in position)\r\n\r\nLimit at 0.7800\r\n\r\nPrice now 0.7935\r\n\r\nCurrent Profit / Loss Position +65 pips\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\n<strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\n\r\nLimit at 1.2500\r\nPrice now 1.2022\r\nCurrent Profit / Loss Position -18 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\n<strong> </strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\n\r\nLimit at 0.8000\r\nPrice now 0.8705\r\nCurrent Profit / Loss Position -35 pips\r\n\r\n&nbsp;\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\n\r\nLimit at 0.7000\r\nPrice now 0.7906\r\nCurrent Profit / Loss Position -26 pips\r\n\r\n<strong> </strong>\r\n\r\nFUN72\r\nGBP/NZD\r\nLong at 1.9950\r\nStop at 1.9000\r\n\r\nLimit at 2.0500\r\nPrice now 1.9813\r\nCurrent Profit / Loss Position -127 pips\r\n\r\n(Hedge trade triggered at -100 pips)\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT220\r\nGBP/USD\r\n\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\n&nbsp;\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','','','inherit','open','closed','','4796-revision-v1','','','2014-11-21 08:00:19','2014-11-21 13:00:19','',4796,'https://weeklyfxdrivethru.com/4796-revision-v1/',0,'revision','',0),(4799,1,'2014-11-21 08:09:33','2014-11-21 13:09:33','<span style=\"font-size: 14pt;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></span>\r\n\r\n<span style=\"font-size: 14pt;\"> </span>\r\n\r\n<strong>DATE: Friday 21st November 2014\r\nREF: #131</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nGood God…. that was hairy before.\r\n\r\nI have a few trades to elaborate on. I decided to close the EUR/USD short (FUN67) and USD/CHF long (RT216) earlier when Draghi was talking. I was watching the TV whilst the kettle was boiling for a Coffee, just about to tweet the trades and then whoosh…\r\n\r\nChina cut rates. I verified that my commodity crosses hedged trades had triggered GBP/NZD (FUN72) and EUR/NZD (RT219) both long trades and hedged from -100 pips. It was a frantic 10-15 minutes that also included putting the dogs out as well.\r\n\r\nIn the middle, I noticed from a new broker that I am trying, my EUR/GBP triggered. As tweeted, it fell below the trend line and then re-tested and dropped. The chart pattern yesterday was showing that this could have been on. Draghi cemented the trade. The trade activated as soon as Draghi started speaking. I have placed a protected stop of 0.7950 on this pair.\r\n\r\nIn addition the USD/CAD long trade (RT222) also triggered. I have added a hedge on this pair given Oil movement and commodity currencies reaction to all the news this morning.\r\n\r\nMoving on….\r\n\r\nMario Draghi did his “whatever it takes” speech again and jawboned the crap out of the EUR. The markets have bought it once again. How many times they will respond this way is debatable. “The boy who cried wolf”, “Kicking the can down the road” it all applies to the EUROZONE and Draghi. As I have said on many occasions talk is cheap and Draghi needs to act. The bottom line is however; the EUR/USD sits once more around the levels I exited my short trade early today. Maybe I was too hasty, (I wasn\'t too hasty last night with over 100 pips profit on 3 x NZD trades) time will tell. I always say that you should never complain banking $$$. This is what trading is all about.\r\n\r\nChina did their version of easing by cutting interest rates. This played havoc with the AUD and NZD currencies whose economies are very reliant on Chinese trade. It will take a while for the knee-jerk reaction to be worked off.\r\n\r\nI am looking around and obviously the European bourses are up, the U.S. equity markets are also up. Asian equity markets closed up as well. The Holy Trinity of OIL, GOLD and COPPER are also trading to the upside.\r\n\r\nWith equities up and the Holy Trinity up, the potential of a USD (DXY) upside break looks extremely doubtful unless equities roll over. It is still trading well inside its 100-point range of 87.20 to 88.20. It is a Friday as well and I hate trading on Friday’s.\r\n\r\nI think that GOLD and the JPY will dominate news today.\r\n\r\nI do not like the JPY price action. 118.00 is proving difficult and with equities at highs the JPY is not correlating. (I cancelled 2 x limit orders on USD/JPY (FUN73) and CAD/JPY (RT221).\r\n\r\nGOLD is also looking like its about to break higher. This will affect the USD (DXY) moving forward.\r\n\r\nI am taking action to protect. I have a funny feeling about the correlations in the market today.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nCAD: - Core CPi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5000\r\nLimit at 1.6440\r\nPrice now 1.5712\r\nCurrent Profit / Loss Position –218 pips\r\n(Hedged trade in play from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong at 1.1260\r\nStop at 1.0980\r\nLimit at 1.1500\r\nPrice now 1.1270\r\nCurrent Profit / Loss Position +10 pips\r\n\r\nRT223\r\nEUR/GBP\r\nShort at 0.8000\r\nStop at 0.7950 (protected stop in position)\r\nLimit at 0.7800\r\nPrice now 0.7935\r\nCurrent Profit / Loss Position +65 pips<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2022\r\nCurrent Profit / Loss Position -18 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\nPrice now 0.8705\r\nCurrent Profit / Loss Position -35 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\nPrice now 0.7906\r\nCurrent Profit / Loss Position -26 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong at 1.9950\r\nStop at 1.9000\r\nLimit at 2.0500\r\nPrice now 1.9813\r\nCurrent Profit / Loss Position -127 pips\r\n(Hedge trade triggered at -100 pips)\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#131 - DAILY FX POST, Friday 21st November 2014','','inherit','open','closed','','4796-revision-v1','','','2014-11-21 08:09:33','2014-11-21 13:09:33','',4796,'https://weeklyfxdrivethru.com/4796-revision-v1/',0,'revision','',0),