INSERT INTO `vp_backup_wp_posts` VALUES (8975,1,'2017-01-21 13:07:46','2017-01-21 18:07:46','<h4 style=\"text-align: center;\"><strong> </strong></h4>\r\n<h4 style=\"text-align: center;\"><strong>ARE YOU ALREADY, OR, ARE YOU THINKING ABOUT BEING A PART-TIME FOREX TRADER?\r\n</strong><strong>ARE YOU STRUGGLING TO ACHIEVE YOUR FINANCIAL GOALS?</strong></h4>\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">UPDATE ADDED 15th December 2016:</span></strong>\r\n\r\nAs I do not trade in times of lower liquidity, in fact I trade for about 40 weeks a year in total, the PREMIUM SERVICE trading for 2016 is now completed and my trading fingers are now rested until I start again next year in 2017.\r\n\r\nThroughout this year (2016), I have been adding performance updates to the initial trading projection that I posted in early January 2016 top show the progress versus the projection\r\n\r\nWith 2016 trading now complete I can now announce that the PREMIUM SERVICE beat the projection set out at the beginning of 2016 by 332 pips.\r\n\r\nI have placed the final excel spreadsheet below and beneath it I have made a few comments.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-TRADES-ACTUAL-V-PROJ-2016.png\"><img class=\"aligncenter size-large wp-image-8818\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/12/POS-TRADES-ACTUAL-V-PROJ-2016-997x1024.png\" alt=\"\" width=\"997\" height=\"1024\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe first thing to note is that traders who started in January 2016 with this program who traded just single lot  MINI  or STANDARD lot POSITION TRADES  suggested by my program wopuld have more than doubled the size of their broker after all costs were accounted for, had they followed every trade and the program 100%.\r\n\r\nBasically, MINI LOT traders who started off with a broker account with USD$7,500.00 after trading the 181 completed trades would show a healthy profit after the costs to trade and the annual subscrption fees were deducted. The excel sheet shows a net broker account balance of USD$15,294.00 from a start of USD$7,500.00.\r\n\r\nThis final performance number needs a little clarification: -\r\n<ol>\r\n 	<li>The PREMIUM SERVICE subscription is not paid from your broker account it is paid on day one separately. It is shown in the excel spread sheet for illustrative purposes only.</li>\r\n 	<li>There are a multiple of  LIVE POSITION trades in the PREMIUM SERVICE being carried forward into 2017. These are basically CORE POSITION trades ready for 2017. The net current position of these trades is a loss of c. USD$2,400.00.Therefore the revised net position on the broker account for a single MINI LOT trader is USD$ 12,894.00 and not USD$15,294.00 (this reflects completed trades only). This still reflects to date a healthy USD$5,394.00 of free and clear profit so far from the start of the program.</li>\r\n 	<li>Obviously in 2017 there will be another subscription required but this would be paid for from PROFITS.</li>\r\n 	<li>The 2017 performance would be a net net gain moving forward.</li>\r\n 	<li>Should you be a MICRO LOT trader; you really need to be trading at least 5 x MICRO LOTS per trade to show a reasonable return. At 5 x MICRO LOTS per trade the numbers start to stand up better but this in my opinion would involve an initial trading account of at least USD$3,500.00 plus your subscription to get going.</li>\r\n</ol>\r\nThe main point here to get across is that you can make money from Forex Trading. The POSITION TRADES referred to here were intended for traders who cannot for whatever reason be active at all times of the day. If this interests you either subscribe to the PREMIUM SERVICE right away from the SUBSCRIBE HERE section of the tab on my landing page, or, if you require more information contact me. There are no secrets all the the trading information is available.\r\n\r\nI have left the previous updates, right back to the original posting below.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n15th December 2016.\r\n\r\nhttp://www.weeklyfxdrivethru.com/disclaimer/\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>THIS UPDATE WAS ADDED 31st OCTOBER 2016:</strong></span>\r\n\r\nAt the beginning of 2016 I launched PART-TIME TRADER TRADES and renamed them during 2016 to become POSITION TRADES.\r\n\r\nI set aggressive targets of more than doubling the size of your broker accounts in a structured way this year.  Below you will see my original post with my income projection table in BLACK. At the end of Q1 I reviewed the performance and added my to date table in BLUE. At the end of Q2 I posted again and updated the real time table this time in GREEN.\r\n\r\nNow we are at the end of October and I have updated the year performance once again, this time it\'s PURPLE.\r\n\r\nMany of my competitors who offer a PREMIUM SUBSCRIPTION service that like myself provides  a level of market commentary, promise the earth with their mentoring styles. I have NOT found any competitors who publish an annual pip objective or review performance against objectives that were set out.\r\n\r\nAs I keep telling my subscribers, what you see is what you get.\r\n\r\nMy POSITION TRADE profit objective was aggressive. To be this close given all the geopolitical events in 2016, frankly, I am absolutely delighted.\r\n\r\nPlease see that chart below to see the current position as at 31st October 2016, based upon the target set out on January 1st 2016. Beyond this current chart I have left all of my prior posts and updates from the original one in place for you to see the progress through the year.\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/POSITION-TRADES-Q3-2016-PERF-.png\"><img class=\"aligncenter size-large wp-image-8580\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/POSITION-TRADES-Q3-2016-PERF--1024x794.png\" alt=\"position-trades-q3-2016-perf\" width=\"1024\" height=\"794\" /></a>\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n31st October 2016\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">THE FOLLOWING POST WAS ADDED ON JULY 11th 2016:</span></strong>\r\n\r\nI updated my 2016 spreadsheet and performance with regards to POSITION (PART-TIME TRADER TRADES) at the end of Q1.  At that time, I left on this page the original post to this drop down menu so that it was clear to see the existing performance versus the initial projection.\r\n\r\nIt now the end of Q2 and have decided to do the same again. At the end of this update dated 11th July 2016 reflecting upon Q2 2016 performance, you will find my March 31st post reflecting on the Q1 performance and then my original post when I decided to launch PART TIME TRADER TRADES now called POSITION TRADES in December 2015.\r\n\r\nMy initial comments on the performance to date are as follows (see the excel spreadsheet below):\r\n<ol>\r\n 	<li>Never be upset at making money when trading.</li>\r\n 	<li>I knew that I was having to continually adjust to market conditions. I had blogged continually this year about uncertainty and lots of chop in the markets making normal trading very difficult at times. This \"Chop\" has manifested itself in the way that my POSITION TRADES have played out.</li>\r\n 	<li>I have completed 88 trades already from a projected 90 trades for the whole year.</li>\r\n 	<li>Profit loss ratios on completed trades are at 86%-14% well ahead of my projected 75%-25% projection.</li>\r\n 	<li> 5,106 pips have been achieved against the annual target of 8,438, which equates to 60% of my annual goal after 50% of year is complete. To achieve my ambitious 2016 objective will be a tall order but I am up for the challenge.<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/POS-TRADES-Q2-actual-v-proj-11072016.png\"><img class=\"aligncenter size-full wp-image-8138\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/POS-TRADES-Q2-actual-v-proj-11072016.png\" alt=\"POS TRADES Q2 actual-v-proj 11072016\" width=\"606\" height=\"437\" /></a></li>\r\n</ol>\r\nAs I have said all along with my trading it is vital to trade what you are presented with. Longer-term trading whilst the \"day to day noise\" can be excluded from the process of placing a trade it still has its own difficulties that have been clear to see as more and more uncertainties have entered the marketplace.\r\n\r\nWe now enter Q3 the silly season when liquidity is much lower and the Asian market sessions become more and more of a nonsense as the liquidity really dries up even more into an illiquid session at the best of times. There is still huge uncertainty hanging over the markets in particular surrounding the BREXIT fallout but also the US Presidential Election is approaching really fast. Trading patterns/ levels will be harder in this environment.\r\n\r\nIn three months, I will post a Q3 follow up.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nJuly 11th 2016\r\nwww.weeklyfxdrivethru.com/disclaimer/\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>BELOW IS THE Q1 REVIEW THAT WAS PUBLISHED ON MARCH 31st 2016:</strong></span>\r\n\r\nWe are almost three months into 2016 trading and I thought that it would be a great idea to review the performance of my new trading category, that was launched in January this year; PART-TIME TRADER TRADES.\r\n\r\nBefore getting into the “nitty gritty” of projected numbers versus actual performance, I thought I should offer an overview to date.\r\n\r\nThis year trading has not been as clear-cut as I had hoped for. The divergent trade, which frankly launched this idea of the new trade set-up category, has not been as visible as I had hoped. In fact, there have been clear examples of central bank policy direction being ignored (BOJ and ECB). Coupled with some major geopolitical uncertainties, I have not had the confidence to let trades run as I had originally intended and I have cut trades short, mostly at the time they were profitable to bank $$$.\r\n\r\nMoving forward, I do see the divergent trade re-appearing because frankly, nothing has fundamentally changed. The FED is still progressing with monetary policy, that is, raising rates when the two other large central banks the ECB and BOJ are still easing with monetary policy through a long term quantitative easing program. From this perspective nothing has changed.\r\n\r\nHowever, one thing that I do want to change is the name given to these suggested trade set-ups moving forward. From April 4<sup>th</sup> 2016 they were renamed as POSITION TRADES and no longer PART-TIME TRADER TRADES. They will now carry the prefix POS as suggested set-ups are posted to subscribers of the PREMIUM SERVICE.\r\n\r\nBelow is the PROJECTED PERFORMANCE versus the ACTUAL for Q1 2016. I have added a short commentary / summary on the chart and in the few short comments at the foot of the excel sheet.\r\n\r\nI am really pleased with this category of trade set-up. It has been by far my most successful trading style this year so far. This does make some sense in the fact that for most of this year I have been talking in my blogs and writing <strong>on </strong>Twitter about how choppy the markets have been and because of geopolitical uncertainties it has on many occasions been quite difficult to trade.\r\n\r\nThe actual performance for Q1 is in BLUE and the original projection is in BLACK. I have made no amendments to the original data.\r\n\r\nRoll on Q2 if it is half as good as Q1 there will be both pips and $$$$!!\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/position-trades-q1v2016-31032016/\" rel=\"attachment wp-att-7519\"><img class=\"aligncenter size-full wp-image-7519\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/POSITION-TRADES-Q1v2016-31032016.png\" alt=\"POSITION TRADES Q1v2016 31032016\" width=\"596\" height=\"456\" /></a>\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMarch 31st 2016\r\nwww.weeklyfxdrivethru.com/disclaimer/\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>BELOW IS THE ORIGINAL ARTICLE THAT WAS ON THIS PAGE TO CO-INCIDE WITH THE LAUNCH OF PART TIME TRADER TRADES IN JANUARY 2016:</strong></span></p>\r\nOne category of trader that is missed, ignored and frankly not really catered for by the FX market is the “the part-time” trader. Although many Forex educators have tried to formulate a strategy to work for traders who have limited access to their computers, they have had very limited success. Without doubt the development of trading on cell phones and tablets has helped, however trading part-time throws up limitations full-time traders just cannot grasp.\r\n\r\nHaving traded Forex myself now for over 8 years, I can understand the frustrations of the part-time trader and the feeling of isolation this brings. I started trading part-time, however my circumstances allowed me to move to full-time trading. Not everyone has this luxury. However, I get it, I understand the frustrations of a part-time trader when trades are closed when you are unable to access your computer. In the real world we have to accept that at times the markets will dictate trading, this cannot be avoided, however if there was a way this could be reduced, the involvement of part-time traders in the Forex market would rise again.\r\n\r\nWhen the PREMIUM SERVICE started in 2014, I tried to accommodate part-time traders needs to my best ability. I never really had the unique sales position that I strove to achieve and like many others I failed in my goals that I set myself in accommodating part-timers. The PREMIUM SERVICE profitability was on target, in fact it exceeded my expectations, but my objective of creating and supporting a niche for part-time traders just did not happen.\r\n\r\nIf you visit my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the TAB on my landing page titled PREMIUM SERVICE all the 2015 and 2014 performances are compared and reviewed.\r\n\r\nI have shown that no matter what the size of budget you have, you can make money from Forex trading. This was my initial goal niche area, whether your account has a balance of $1,000.00, a $ 100,000,00, or somewhere in between the Forex market has opportunities for you to make money.\r\n\r\nSince offering a fee-based subscription option, the PREMIUM SERVICE, I have categorized my trade set ups into three different types of trades.\r\n\r\nFLASH TRADES – at market\r\nRADAR TRADES – limit orders\r\nFUNDAMENTAL TRADES – limit orders with longer-term horizons\r\n\r\nIn my opinion, you have to be an active trader to trade both RADAR and FLASH trades. It was part of my goal that the FUNDAMENTAL trades would be attractive to all traders but especially part-time traders.\r\n\r\nIt is with the FUNDAMENTAL trades that I have been reviewing my thoughts, ideas and objectives towards the end of 2015.\r\n\r\n<u>BACKGROUND TO THE DIVERGENT FUNDAMENTAL TRADES PLAN:</u>\r\n\r\nFollowing moves in the major central bank monetary policies (FED, ECB, BOJ, BOE, SNB, RBA, BOC and RBNZ); we now have policy divergence across the globe. In my opinion, this is a tradable feature and because it should be directional it has a hugely potential tradable benefit.\r\n\r\nI decided late October 2015, that from November 1<sup>st</sup> 2015 all future FUNDAMENTAL TRADES would be based around central bank divergence trades. This change was initially communicated to my existing PREMIUM SERVICE subscribers, who reside in all corners of the globe, trade with different sizes of accounts, some are active traders, some part-time, some just seasonal, many are technical traders and many are traders based off fundamental news. It is the full spectrum.\r\n\r\nI have received tremendous feedback, in particular from my part-time traders, who were missing some suggested trade set-ups as they could not access their computer devices enough times in the day to check for set-ups.\r\n\r\nFrom my perspective, it is much easier to plan and schedule DIVERGENT FUNDAMENTAL TRADES. Being, realistic, there are bound to be occasions when an entry or an exit price could be missed, nothing can be 100% in this market place but my part-time traders are delighted, and therefore so am I.\r\n\r\nArmed with this information, it gave me greater comfort when moving forward with this trading strategy.\r\n\r\nAs mentioned, the trade set-ups suggested are intended to have a longer-term trading perspective. They are not specifically aimed at traders who consider themselves to be part-time Forex traders, all traders can of course take advantage, and I see it as an additional income stream opportunity for all. Who doesn’t want extra $$$.\r\n\r\nMy definition of part-time is those of you who are only able to look at your computer screens, or, mobile devices to check trades two-three times a day.\r\n\r\nA key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The compensation for this is that trades are smaller in size to allow for swings in volatility, but multiple trades in the same currency pair are added when the core trade has traction in the desired direction.\r\n\r\nI am suggesting that in order to protect RISK, your initial trade sizes are no more than 10% of your overall individual trade risk parameters that you have set in your TRADING PLAN. As the initial trades gather traction, additional trade set ups are suggested, these are managed on an individual basis based upon your account size and risk management parameters.\r\n\r\nMy goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits along the way, but hopefully at the same time letting trades run as far as possible.\r\n\r\nWe are entering a period of two years or so at least, with divergent central bank monetary policies. As a Forex trader this gives me increased confidence when placing trades knowing that central bank policy is supportive of my trade direction. Whilst there is still risk attached to the trade, risks are minimized, and the longer-term nature of the trades allow for swings and volatility. If I can achieve my goal of 75% -25% profitable to losing trades over an extended trading period, I will be happy.\r\n\r\n<u>LOOKING AHEAD INTO 2016 and BEYOND:</u>\r\n\r\nBased on my historical performance data and using average take profits, stop loss levels and anticipated trade volumes for next year, the information below gives you an idea of the goals and objectives that I have set myself to achieve in 2016.\r\n\r\nMy cash flow projection for DIVERGENT FUNDAMENTAL TRADES for 2016 is below.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PARTTIME-TRADES-CFLOW-2016.png\"><img class=\"aligncenter size-large wp-image-8958\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2017/01/PARTTIME-TRADES-CFLOW-2016-813x1024.png\" alt=\"\" width=\"813\" height=\"1024\" /></a>\r\n\r\nThis is a projection based off previous performances over a two-year period so it has credibility. I have calculated this allowing for whether you are a micro, mini or standard lot trader.\r\n\r\n&nbsp;\r\n\r\nBased on the examples set out in the spreadsheet. After all costs associated directly with trading are accounted for: -\r\n\r\nMicro lot traders have a potential net income of $789.75\r\nMini lot traders have a potential net income of $15,052.50\r\nStandard lot traders have a potential net income of $157,680.00\r\n\r\nObviously, should you trade 2 or 3 lot sized trades your RISK to trade (cost) are increased above the examples shown but additionally your net profit returns are potentially greater.\r\n\r\nRISK MANAGEMENT, POSITION SIZING and OVER LEVERAGING are crucial management tools you must understand before trading, having said that there are great income opportunities.\r\n\r\n&nbsp;\r\n\r\n<u>MOVING FORWARD IF YOU ARE INTERESTED:</u>\r\n\r\nIf what you have read sounds appealing and logical and you want to be a part of this trade idea. What do you need to do next?\r\n\r\nEXISTING TRADERS:\r\n<ol>\r\n 	<li>If you are already trading the Forex market. You need to subscribe to the PREMIUM SERVICE. Go to my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> On the landing page click on the SIGN UP tab. There you will find all the period options for being a subscriber. You need to have a PayPal account in order to register.</li>\r\n 	<li>If you are an existing Forex Trader and you want to keep these trades separate from your existing trades, why not open an additional account with one of my brokers listed on my landing page by clicking on one of their banners. From time to time there are special new client marketing bonus available. If unsure contact me for details.</li>\r\n</ol>\r\nNEW TO FOREX:\r\n<ol start=\"3\">\r\n 	<li>Brand new to Forex Trading. You will need both a broker account and a subscription to the PREMIUM SERVICE. Go to my website <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> On the landing page click on the SUBSCRIBE tab. There you will find all the options for being a subscriber. You need to have a PayPal account in order to register.</li>\r\n 	<li>You will require a broker account from which to trade from. I have 5 brokers listed with banners on my website. I deal with all five and have great account relationships with them all. They all offer great service and being part of my team with them helps should you have any technical or account issues moving forward. From time to time these brokers offer special offers to new clients. To open an account all you need to do is click on the banner and it is a short process to open an account. All you require is address confirmation and photo ID confirmation. Once these are accepted an account number is allocated to you, then you need to simply deposit funds into your account. You are then ready to trade. Personally, I would open a demo account as well to get you familiar with the trading platform. There are plenty of on-line tutorials with each broker to help and, in addition, I can offer assistance.</li>\r\n</ol>\r\nShould you still want additional information, this is not a problem; all trades for 2014 and 2015 are measured and recorded. These are available to you if you want them, plus any other information you would like to know about. If you want to know more, do not hesitate to contact me at the email address at the foot of this email.\r\n\r\nI am really excited about the opportunities that lie ahead with these trade set-ups.\r\n\r\nAs the realization that DIVERGENCE will be a reality in the operations of the world’s central bank monetary policy, trading the divergence has become stronger and as a result and profitability from these trades has increased since September 2015. This has happened, yet the crucial FED meeting, has not yet taken place. It is scheduled for December 16<sup>th</sup> 2015. After this meeting as the markets settle after the initial news, the DIVERGENCE will become stronger as we move through next year.\r\n\r\nIf you want to be part of this program, you need to get ready for 2016 now.\r\n\r\nGood Luck,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nwww.weeklyfxdrivethru.com/disclaimer/','Part-Time Forex (Position) Traders','','inherit','closed','closed','','6858-revision-v1','','','2017-01-21 13:07:46','2017-01-21 18:07:46','',6858,'http://weeklyfxdrivethru.com/6858-revision-v1/',0,'revision','',0),(2642,16,'2014-01-08 18:08:56','2014-01-08 23:08:56','Links to PDF files with trading basics','Trading Basics','','inherit','open','closed','','2535-revision-v1','','','2014-01-08 18:08:56','2014-01-08 23:08:56','',2535,'https://weeklyfxdrivethru.com/2535-revision-v1/',0,'revision','',0),(2643,16,'2014-01-08 18:11:42','2014-01-08 23:11:42','<section class=\"members\">\r\n<a title=\"Trading Basics\" href=\"./trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./tradingstrategies/\">Trading Strategies</a><a title=\"Candlesticks\" href=\"./premium-candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a>\r\n</section>','Training Support','','inherit','open','closed','','2267-revision-v1','','','2014-01-08 18:11:42','2014-01-08 23:11:42','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(2645,16,'2014-01-17 14:08:50','2014-01-17 19:08:50','<section class=\"pdf-links\">\n<div class=\"one-third first\">\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Introduction-to-Chart-Patterns.pdf\">Introduction to Chart Patterns</a>\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/What-Are-Charts-.pdf\">What Are Charts</a>\n\n\n</div>\n<div class=\"one-third\">\n\n<a href=\"#\">Gaps and Gap Analysis</a>\n<a href=\"#\">Trend Lines</a>\n\n</div>\n<div class=\"one-third\">\n<a href=\"#\">Support and Resistance</a>\n\n</div>\n</section>\n<div class=\"one-half first\">\n<p>These resources are in PDF format that will allow for easy printing</p>\n</div>','Trading Basics','','inherit','open','closed','','2535-autosave-v1','','','2014-01-17 14:08:50','2014-01-17 19:08:50','',2535,'https://weeklyfxdrivethru.com/2535-autosave-v1/',0,'revision','',0),(2646,16,'2014-01-09 10:34:12','2014-01-09 15:34:12','Links to PDF files with trading basics\r\n<a href=\"#\" title=\"Link 1\" target=\"_blank\"></a>\r\n<a href=\"#\" title=\"Link 2\" target=\"_blank\"></a>','Trading Basics','','inherit','open','closed','','2535-revision-v1','','','2014-01-09 10:34:12','2014-01-09 15:34:12','',2535,'https://weeklyfxdrivethru.com/2535-revision-v1/',0,'revision','',0),(2649,16,'2014-01-09 10:37:54','2014-01-09 15:37:54','<section class=\"members\">\r\n<a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Strategies</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a>\r\n</section>','Training Support','','inherit','open','closed','','2267-revision-v1','','','2014-01-09 10:37:54','2014-01-09 15:37:54','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(2652,16,'2014-01-09 11:17:12','2014-01-09 16:17:12','links to PDF files','Trading Strategies','','inherit','open','closed','','2538-revision-v1','','','2014-01-09 11:17:12','2014-01-09 16:17:12','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(2653,16,'2014-01-09 11:17:45','2014-01-09 16:17:45','links to PDF files','Candlesticks','','inherit','open','closed','','2540-revision-v1','','','2014-01-09 11:17:45','2014-01-09 16:17:45','',2540,'https://weeklyfxdrivethru.com/2540-revision-v1/',0,'revision','',0),(2654,16,'2014-01-09 11:18:23','2014-01-09 16:18:23','links to PDF files','Chart Patterns','','inherit','open','closed','','2543-revision-v1','','','2014-01-09 11:18:23','2014-01-09 16:18:23','',2543,'https://weeklyfxdrivethru.com/2543-revision-v1/',0,'revision','',0),(2656,16,'2014-01-09 11:21:36','2014-01-09 16:21:36',' ','','','publish','open','closed','','2656','','','2017-01-09 11:02:06','2017-01-09 16:02:06','',2267,'https://weeklyfxdrivethru.com/?p=2656',20,'nav_menu_item','',0),(2657,16,'2014-01-09 11:21:36','2014-01-09 16:21:36',' ','','','publish','open','closed','','2657','','','2017-01-09 11:02:06','2017-01-09 16:02:06','',2267,'https://weeklyfxdrivethru.com/?p=2657',18,'nav_menu_item','',0),(2658,16,'2014-01-09 11:21:36','2014-01-09 16:21:36',' ','','','publish','open','closed','','2658','','','2017-01-09 11:02:06','2017-01-09 16:02:06','',2267,'https://weeklyfxdrivethru.com/?p=2658',17,'nav_menu_item','',0),(2662,16,'2014-01-09 13:45:38','2014-01-09 18:45:38','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<a title=\"Premium Posts\" href=\"../member_posts/\">Premium Posts</a><a title=\"Flash Trades\" href=\"./flash-trades/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades <span>(By month and year to date)</span></a> <a title=\"Webinars\" href=\"./webinars/\">Dates of upcoming webinars</a>\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2014-01-09 13:45:38','2014-01-09 18:45:38','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(2663,16,'2014-01-09 13:46:15','2014-01-09 18:46:15','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<a title=\"Premium Posts\" href=\"../member_posts/\">Premium Posts</a><a title=\"Flash Trades\" href=\"./flash-trades/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades <span>(By month and year to date)</span></a> <a title=\"Webinars\" href=\"./dates-upcoming-webinars/\">Dates of upcoming webinars</a>\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2014-01-09 13:46:15','2014-01-09 18:46:15','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(2766,16,'2014-01-13 15:25:10','2014-01-13 20:25:10','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<a title=\"Premium Posts\" href=\"../member_posts/\">Premium Posts</a><a title=\"Flash Trades\" href=\"../flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades <span>(By month and year to date)</span></a> <a title=\"Webinars\" href=\"./dates-upcoming-webinars/\">Dates of upcoming webinars</a>\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2014-01-13 15:25:10','2014-01-13 20:25:10','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(2674,16,'2014-01-10 10:50:13','2014-01-10 15:50:13','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<a title=\"Premium Posts\" href=\"../member_posts/\">Premium Posts</a><a title=\"Flash Trades\" href=\"../flashtrades/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades <span>(By month and year to date)</span></a> <a title=\"Webinars\" href=\"./dates-upcoming-webinars/\">Dates of upcoming webinars</a>\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2014-01-10 10:50:13','2014-01-10 15:50:13','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(2675,16,'2014-01-10 10:53:13','2014-01-10 15:53:13','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-DEC2013.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-DEC2013.jpg\" alt=\"PREM-SRV-FLASH-TRADES-DEC2013\" width=\"660\" height=\"251\" class=\"alignleft size-full wp-image-2557\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-JAN2014.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-JAN2014.jpg\" alt=\"PREM-SRV-FLASH-TRADES-JAN2014\" width=\"660\" height=\"251\" class=\"alignleft size-full wp-image-2558\" /></a>','December 2013 - January 2014','','publish','open','closed','','december-2013-january-2014-2','','','2014-01-10 10:53:13','2014-01-10 15:53:13','',0,'https://weeklyfxdrivethru.com/?post_type=flashtrades&#038;p=2675',0,'flashtrades','',0),(2676,16,'2014-01-10 10:53:13','2014-01-10 15:53:13','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-DEC2013.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-DEC2013.jpg\" alt=\"PREM-SRV-FLASH-TRADES-DEC2013\" width=\"660\" height=\"251\" class=\"alignleft size-full wp-image-2557\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-JAN2014.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/PREM-SRV-FLASH-TRADES-JAN2014.jpg\" alt=\"PREM-SRV-FLASH-TRADES-JAN2014\" width=\"660\" height=\"251\" class=\"alignleft size-full wp-image-2558\" /></a>','December 2013 - January 2014','','inherit','open','closed','','2675-revision-v1','','','2014-01-10 10:53:13','2014-01-10 15:53:13','',2675,'https://weeklyfxdrivethru.com/2675-revision-v1/',0,'revision','',0),(2857,16,'2014-01-15 12:58:07','2014-01-15 17:58:07','<section class=\"pdf-links\">\r\n<div class=\"one-third first\">\r\n<a href=\"#\">Ascending Triangle</a>\r\n<a href=\"#\">Bump and Run Reversal</a>\r\n<a href=\"#\">Cup with Handle</a>\r\n<a href=\"#\">Descending Triangle</a>\r\n<a href=\"#\">Double Bottom Reversal</a>\r\n<a href=\"#\">Double Top Reversal</a>\r\n\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<a href=\"#\">Falling Wedge</a>\r\n<a href=\"#\">Flag, Pennant (Continuation)</a>\r\n<a href=\"#\">Head and Shoulders Bottom</a>\r\n<a href=\"#\">Head and Shoulders Top</a>\r\n<a href=\"#\">Measured Move - Bearish Continuation</a>\r\n<a href=\"#\">Measured Move (Bullish)</a>\r\n\r\n\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<a href=\"#\">Rising Wedge</a>\r\n<a href=\"#\">Rounding Bottom</a>\r\n<a href=\"#\">Symmetrical Triangle</a>\r\n<a href=\"#\">Triple Bottom</a>\r\n<a href=\"#\">Triple Top Reversal</a>\r\n\r\n\r\n</div>\r\n\r\n</section>\r\n<div class=\"one-half first\">\r\n<p>These resources are in PDF format that will allow for easy printing</p>\r\n</div>','Chart Patterns','','inherit','open','closed','','2543-revision-v1','','','2014-01-15 12:58:07','2014-01-15 17:58:07','',2543,'https://weeklyfxdrivethru.com/2543-revision-v1/',0,'revision','',0),(2849,16,'2014-01-14 13:13:59','2014-01-14 18:13:59','<section class=\"pdf-links\">\r\n<div class=\"one-third first\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Ascending-Triangle.pdf\">Ascending Triangle</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Bump-and-Run-Reversal.pdf\">Bump and Run Reversal</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Cup-with-Handle.pdf\">Cup with Handle</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Descending-Triangle.pdf\">Descending Triangle</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Double-Bottom-Reversal.pdf\">Double Bottom Reversal</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Double-Top-Reversal.pdf\">Double Top Reversal</a>\r\n\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Falling-Wedge.pdf\">Falling Wedge</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Flag-Pennant-Continuation.pdf\">Flag, Pennant (Continuation)</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Head-and-Shoulders-Bottom.pdf\">Head and Shoulders Bottom</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Head-and-Shoulders-Top.pdf\">Head and Shoulders Top</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Measured-Move-Bearish-Continuation.pdf\">Measured Move - Bearish Continuation</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Measured-Move-Bullish.pdf\">Measured Move (Bullish)</a>\r\n\r\n\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Rising-Wedge.pdf\">Rising Wedge</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Rounding-Bottom.pdf\">Rounding Bottom</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Symmetrical-Triangle.pdf\">Symmetrical Triangle</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Triple-Bottom.pdf\">Triple Bottom</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Triple-Top-Reversal.pdf\">Triple Top Reversal</a>\r\n\r\n\r\n</div>\r\n\r\n</section>\r\n<div class=\"one-half first\">\r\n<p>These resources are in PDF format that will allow for easy printing</p>\r\n</div>','Chart Patterns','','inherit','open','closed','','2543-revision-v1','','','2014-01-14 13:13:59','2014-01-14 18:13:59','',2543,'https://weeklyfxdrivethru.com/2543-revision-v1/',0,'revision','',0),(2851,16,'2014-01-14 18:52:20','2014-01-14 23:52:20','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a target=\"_blank\" href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&iaid=12634007&id=23\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&iaid=12634007&id=23\" width=\"240\" height=\"400\" border=\"0\"/>\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a>\r\n</div>\r\n</div>\r\n\r\n<div class=\"one-third\">\r\n<h3>IRON FX</h3>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>SENSUS CAPITAL MARKETS</h3>\r\n\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-01-14 18:52:20','2014-01-14 23:52:20','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(2002,1,'2013-10-02 11:40:40','2013-10-02 16:40:40','<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\n\nWell, given the doom and gloom that accompanied the U.S. government lockdown, surprise, surprise, life still goes on. Under some pressure the latest S&amp;P technical support gave way last night (Tuesday) and we saw a lot of moving in the forex market. Primarily this volatility was seen through the USD/JPY with key support at 97.50 giving way.\n\nThis morning leading up to the ADP release, and, then the ECB Press Conference, I was experiencing internet connection issues so between the two data releases I acted with sense and closed everything.\n\nAt the beginning, I missed a little bit of the “toing and froing” from Draghi’s comments. At the same time, I watched several hundred dollars that I would have had, had I kept my cross-rate pairs open that would have been added to my broker account balance. But at the end of the day, I always think that it’s better to be cautious and bank profits. So I am now in $$$$ looking around.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">2. TRADES THAT I AM CURRENTLY \"LIVE\" WITH THAT I CATEGORISE: -</span></b>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">MY LONG TERM TRADES:</span></b></p>\nI have none at this time.\n\n<b><span style=\"text-decoration: underline;\">3. POTENTIAL TRADES ON MY RADAR:</span></b>\n\nBasically, with the U.S. government shutdown looking like it is going to drag on for God knows how long, at the back of my mind I hear a voice speaking to me saying wait and see for a day or so. The big news events of this week have happened; The RBA, ADP Non-Farm, ECB rate decision and press conference. There is no U.S. government released Non-Farm payrolls this week, so I can take my time and research.\n\nThe usual suspects are attracting my interest and I think that purely by accident rather than design I may achieve better entry levels in some of my “Radar Trades” now that the dust has settled a little after Draghi left the building…so to speak. Of course, all the cross-rate pairs have moved upwards quite considerably in some cases.<b> </b>\n\n<b>EUR/USD:</b>\n\nThe EUR/USD has been holding me back, as I have mentioned a few times recently. The trading range of 1.3450 to 1.3570 had been containing this pair for quite sometime, and, this was holding me back from trading the USD. This was what prompted me to look at the cross-rates. The pair probed minor stops above 1.3600 earlier this morning during Draghi’s press conference but at the time of writing this blog; it had pulled back to just under 1.3600. My gut feeling is that it will move higher towards 1.3800 in the coming sessions. My charts for the short, medium and longer terms are all green.\n\nI am tempted to go long targeting 1.3800 but not until I see a confirmed breakout. On the other side of this trade, a failure at 1.3600 really sets up a great short back to 1.3450 and subsequently 1.3320.\n\n&nbsp;\n\n<b>GBP/USD:</b>\n\nI am more interested in a short with this pair from around 1.6300 /1.6350 back to 1.5970. I may try to establish a short position over the next day or so. There will be fierce resistance around 1.6300 as there are major Fibonacci clusters in that price region.\n\n&nbsp;\n\n<b>USD/CAD:</b>\n\nLooking for a long trade, but I want to see a pullback to hopefully below 1.0300, maybe 1.0260 to get a great entry position. Not sure if this will be possible.\n\n&nbsp;\n\n<b>EUR/AUD, GBP/AUD, EUR/NZD, GBP/NZD, EUR/CAD &amp; GBP/CAD:</b>\n\nHaving closed all of these earlier this morning, I am now looking for pullbacks to enter long. The great unwinding trade of mega proportions that I have blogged about recently is still “in the air” so I am keeping a close eye on all of these pairs.\n\nSince I started looking about a week or so ago at these pairs, the vast majority of the trades I took made good profits. I want to re-establish positions as soon as I can.\n\nThe entry levels that I am looking at are as follows: -\n\nEUR/AUD: 1.4400\n\nGBP/AUD: 1.7200\n\nEUR/NZD: 1.6400\n\nGBP/NZD: 1.9500\n\nEUR/CAD: 1.4000 – This pair is very bullish. I may have to chase!!\n\nGBP/CAD: 1.6700 – This pair is very bullish. I may also have to chase!!\n\nPlease note with above cross-rate pairs only take very small positions with wider than usual stops. These are volatile pairs that move very fast and operate with light financial volume so they are very, very volatile. My usual approach is to trade a maximum of 20% of my usual trade size.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">4. FINAL THOUGHTS:</span></b>\n\nAs usual, trading with caution is recommended. Do not over-stretch your account and keep inside your trading plan limits.\n\nGood luck and take care.\n\n&nbsp;\n\nScott Pickering\nThe Pip Accumulator\nWednesday October 2nd 2013\n\nFOLLOW ME AT:\nTwitter: @pipaccumulator\n\n&nbsp;','THE MIDWEEK FX FIX #2 (02.10.2013)','','publish','open','closed','','midweek-fx-fix-2-02-10-2013','','','2013-10-02 11:40:40','2013-10-02 16:40:40','',0,'http://www.thepipaccumulator.com/blog/?p=2002',0,'post','',1),(1573,1,'2013-03-30 12:31:22','2013-03-30 17:31:22','<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\n\nThe Eurozone circus carried on in style over the last 7 days. I still believe that the best is yet to come. We obviously have, despite all the political back tracking, a template for \"Bail ins\" rather than \"Bail outs\" to keep bank liquidity at acceptable/minimal levels. We shouldn\'t really be having any bank issues in the Eurozone, based upon the last set of Eurozone bank stress tests. They (the tests) were seen at the time as a bit of a joke and not real....those chickens have come home to roost, lets be frank here, nearly all Eurozone banks passed an end of the world scenario. Now we have bank rumblings in Spain, and  Italy in addition to the  Cypriot banks, and remember not one of the emergency world ending conditions from the stress tests are in sight. The Eurozone just seems to stagger from one f**k up to next f**k up.\n\nTrading this past week was great fun, although oversold conditions came into play on the EUR/USD and GBP/USD and the downward trend was suspended. It was great to see a GBP/USD pullback to 1.5200, this is a great area to consider re-shorting when the market returns after the Easter break.\n\nThe grind higher in the S&amp;P and Dow Jones has been relentless, and, now that we have hit multi year highs I am thinking more than ever that we will now be prime for a pullback. The AUD/USD is already weak, although the RBA interest rate and press conference due early next week may be influencing matters in this pair as a cut is expected. Whether its at this meeting is debatable. However, a cut and an equity market pullback could see a move towards parity once again with this pair. I am also conscious that with Copper toying with $3.40, this could also send the Aussie lower should a break below $3.40 happen.\n\nThis coming week will be a fascinating one, there are central bank meetings, rate decisions and U.S. non farm payrolls. Do not forget the Eurozone saga as this will also add some spice to trading.\n\nI am looking to short the EUR/USD, GBP/USD and the AUD/USD if conditions deteriorate and can achieve my target entry levels, and, I am looking to get long the USD/CHF and USD/CAD. With exotic pairs, the EUR/AUD and GBP/AUD both look prime for big moves to the long side if the pieces in the jig-saw start to fit together.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\"><strong>2. THE VIEW FROM MY TRADING DESK:</strong></span>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>ANOTHER CAN GET\'S KICKED DOWN THE ROAD......</strong></span></p>\n<p style=\"text-align: left;\">The biggest non event of 2013 took place last Thursday.</p>\n<p style=\"text-align: left;\">Cypriot banks re-opened but  banking services were operating at less than 5% of the norm. You could not withdraw more than Euro 300, not allowed to wire monies anywhere etc etc. Therefore, the expected lines of angry account holders and the anticipated run on people withdrawing all their deposits was not allowed to happen. Eventually though, controls will be removed and guess what..........many people will be sleeping a few inches nearer to heaven as they stuff their mattresses with cash following total withdrawals. Petty thieves and burglars from all over Europe are booking flights now bound for Nicosia in the coming months, as they will seize the cash in homes not in banks initiative.</p>\n<p style=\"text-align: left;\">You have to hand it to the Eurozone politicians, they create impossible situations through their mis-management, and then, they all jump into JCB\'s and  dig bigger holes that they cannot get out of resulting in a crisis. Politicians are not crisis managers, they are in the main inept at such things.....Politicians are most comfortable when they are attributing blame to opposition parties on domestic issues. The Eurozone format adds a level to which there is no training given to Eurozone politicians and this is 100% evident  in the way solutions to the Eurozone circus are never managed, rather put off....hence my blog title this week... \"Another can get\'s kicked down the road\". The only effective management in the Eurozone to me appears to be by the ECB under Mario Draghi. A huge amount of his excellent work in restoring the single currency stability recently has been undermined by the numpty politicians.</p>\n<p style=\"text-align: left;\">So, Cyprus survived because nothing was allowed to happen. There will be a cash exodus though as soon as controls are lifted. Do not believe it will not happen as there is  already anxiety in Spain, Greece, Italy, Portugal and Ireland........and now even in Slovenia where bank deposits which will be extracted, before the word \'template\' is mentioned again. Anywhere where there have been issues in the past, it will now no longer be tax payers to bail out banks it will be depositors to bail in! At this stage those depositors with 100k or less allegedly protected by the Eurozone bond are safe, but if you recall with Germany\'s blessing this was not the case in Cyprus when the \"Bail in\" was first announced. Nothing is safe it is all fair game. The phrase \"It\'s as safe as your money in the bank\" means nothing, and, it should be remembered.</p>\n<p style=\"text-align: left;\">Quite frankly markets and depositors feed on stability. The Eurozone has burst that balloon. There is very little that will be believed by depositors as the politicians would tell you the grass is blue and the sky is green if they thought it would calm feelings. There has been a breach of trust..on the U.S. dollar bill it says \"In God we Trust\". In the Eurozone if it said on Euro bank notes \"In Angela Merkel and the German Parliament we trust\", everyone would be betrayed, as  they were quite prepared to let Cyprus hang out to dry and it back fired big time.....the Dutch and the Finns are template orientated. The man on the street as a result.... trusts no bank, no politician.</p>\n<p style=\"text-align: left;\">Trading this situation has people in different camps.</p>\n<p style=\"text-align: left;\">The EUR/USD for me is going to test 1.2000 and maybe lower before this shambles plays out. A worldwide equity market pullback/correction will only weaken the EUR further.</p>\n<p style=\"text-align: left;\">Basically, until, and, quite frankly I do not believe that this will ever happen, but until politicians actually write down an action plan in the Eurozone with designated responsibilities by politician, given full responsibility to achieve the goal and at the same time telling those politicians without responsibility to keep their mouths shut,  I believe  the Eurozone will drift from one cock up to the next.....nothing will get sorted.....voters will eventually remove the ineffective domestic politicians,  decide that Austerity has never worked  and the debt contagion will rise again.</p>\n<p style=\"text-align: left;\">Medium term and longer term I see no good news for Europe. There are no strong leaders. The anti austerity vote is on the rise, hardly surprising, look at Italy, Greece and Spain.</p>\n<p style=\"text-align: left;\">Regarding \"Kicking cans down the road. \"My question is how many cans were in the box? Was it a 6 pack, 12 pack or 18 pack.....given the Eurozone performance they probably went to Costco to buy a 48 pack to cover the well known ineptness of their management.</p>\n<p style=\"text-align: left;\"><span style=\"text-decoration: underline;\"><strong>3. MY LONG TERM TRADES:</strong></span></p>\n<p style=\"text-align: left;\">I have no long term trades at this time.</p>\n<p style=\"text-align: left;\"><span style=\"text-decoration: underline;\"><strong>4. LOOKING INTO THE COMING WEEK - THE KEY SUPPORT AN RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></p>\n<p style=\"text-align: left;\"><strong>EUR/USD: Closing Price 1.2821.</strong> My longer term view is that we are going to test lower levels with this pair. We had a short squeeze of shorts on Thursday last week but that never even tested 1.3000 much. If we break below 1.2750, which to me looks on the cards, I think we go for 1.2635. Long side resistance is 1.3050-1.3100.</p>\n<p style=\"text-align: left;\"><strong>GBP/USD: Closing Price 1.5213.</strong>  From here to 1.5250 I think is a great area to go short with stops around 1.5280. This should offer a good risk reward trade as we know the topside level. Support will be 1.500 and then 1.4900. Longer term I am bearish this pair...the UK is down the crapper. The only positive to bear in mind though is the fact that cable could be bought as people bail out of the EUR. I call that frying pan to the fire given the state of the UK.</p>\n<p style=\"text-align: left;\"><strong>AUD/USD: Closing Price 1.0419.</strong> We sit on major support of 1.0400-1.0415. Copper and Equities I believe are heading lower and given the fact this pair didn\'t participate in the recent rise in U.S. equities one would expect it to cave in should equities pull back. A few weeks ago, I blogged 0.9800 was a target that I had in the frame. It\'s still there an if the RBA cut rates this week, coupled with a drop in Copper and Equities falling back we could get there quicker than you would think. The range is 1.0350 to 1.0575.</p>\n<p style=\"text-align: left;\"><strong>NZD/USD:Closing Price 0.8367.</strong> This pair is holding up very well, which means to me a bigger fall when it starts. I am looking to short at 0.8400 if we get there targeting 0.8000. Initial range is 0.8300 to 0.8400.</p>\n<p style=\"text-align: left;\"><strong>USD/JPY: Closing Price 94.23.</strong>  A break below 93.80, which I tweeted during the week is the key support level. Resistance is at 95.00.</p>\n<p style=\"text-align: left;\"><strong>USD/CHF: Closing Price 0.9492.</strong> The Eurozone cash crisis/contagion will have a lot to do with this pair and how it behaves. I would actually ignore it for the time being until the controls in Cyprus and the political fallout settles down an some sort of resolution to the crisis is sorted. Cash movements in Europe will be increasing in the short term and the Swiss government reaction will be important to follow. The floor of 1.2000 in EUR/CHF will no doubt be defended, but the threat of charging for deposits in Swiss banks will raise it\'s head once again. This pair may get volatile. The range is 0.9400 to 0.9550.</p>\n<p style=\"text-align: left;\"><strong>USD/CAD:Closing Price 1.0171.</strong> The range is 1.0100 to 1.0250. If you see this pair challenging the range highs I would not be short USD.</p>\n<p style=\"text-align: left;\"><span style=\"text-decoration: underline;\"><strong>5. MAJOR NEWS EVENTS THAT INTEREST ME THIS WEEK:</strong></span></p>\n<p style=\"text-align: left;\">SUNDAY - CNY - Manufacturing PMi.</p>\n<p style=\"text-align: left;\">MONDAY - AUD - RBA Rate Statement and Interest Rate decision.</p>\n<p style=\"text-align: left;\">TUESDAY - GBP - Manufacturing PMi.</p>\n<p style=\"text-align: left;\">WEDNESDAY - GBP - Construction PMi.\nWEDNESDAY - USD - ADP Non-Farm Payrolls.\nWEDNESDAY - AUD - Retail Sales.\nWEDNESDAY - JPY - Monetary Policy Statement and Overnight Call Rate.</p>\n<p style=\"text-align: left;\">THURSDAY - JPY - BOJ Press Conference.\nTHURSDAY - GBP - Services PMi.\nTHURSDAY - GBP - Bank Rate, Asset Purchase Facility and MPC rate Statement.\nTHURSDAY - EUR - Interest Rate Decision and Draghi Press Conference.\nTHURSDAY - USD - Bernanke speaks.</p>\n<p style=\"text-align: left;\">FRIDAY - USD - Non Farm Payrolls\nFRIDAY - CAD - Unemployment rates, Trade Balance and Ivey PMi.</p>\n<p style=\"text-align: left;\"><span style=\"text-decoration: underline;\"><strong>6. FINAL THOUGHTS and CLOSING COMMENTS:</strong></span></p>\n<p style=\"text-align: left;\">The week ahead is the type of week that could have the potential to blow trading accounts apart. Uncertainty and confusion dominates in the Eurozone and the U.S. markets are so heavily supported by Ben and the FED that it acts in isolation purely focussed on setting new highs. When this bubble bursts the likes of CNBC will be lost at sea and it may as well shut down as they have no idea how to present a declining market and completely ignore the fact that you can make money in a declining market. Maybe now that new highs have been set, this week will be the one to start the pullback....who knows.</p>\n<p style=\"text-align: left;\">I hate to write the word \"Crossroad\"........but we could be at yet another one.</p>\n<p style=\"text-align: left;\">With soooooooooooooooooooooooo many big news events this week I am expecting a ton of volatility coupled with late nights and early morning trading.</p>\n<p style=\"text-align: left;\">Trade smaller positions, with stops that can cope with big swings in price.</p>\n<p style=\"text-align: left;\">Good luck,</p>\n<p style=\"text-align: left;\">Scott Pickering\nThe Pip Accumulator\nSaturday March 30th 2013.</p>','ANOTHER CAN GET\'S KICKED DOWN THE ROAD.....','','publish','open','closed','','another-can-gets-kicked-down-the-road','','','2013-03-30 12:31:22','2013-03-30 17:31:22','',0,'http://www.thepipaccumulator.com/blog/?p=1573',0,'post','',1),(8062,1,'2016-06-11 11:07:02','2016-06-11 16:07:02','<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nWhat a boring week in Forex. Well it was for me anyways. I covered several trades that I had held from NFP day and took losses, in particular with the NZD/USD. I decided to take the pain as I was just extending stops (whilst still inside my RISK TOLERANCE levels) but enough was enough and felt it time to do so.\r\n\r\nEven with the loss in pips taken so far this month, I am still on target for my year to date target of 10,000 pips. The cushion I had going into this month is now gone. What is more frustrating on top of taking losses is that I have zero confidence in aggressively adding trades given that markets, except for the GBP related trades are really range bound. When the EUR/USD trades almost daily in 40 pip ranges the market stagnates and trading with confidence is not there.\r\n\r\nI tweeted to subscribers on several occasions about my frustration, as when I take losses so do they, and, it is hard at times for subscribers to get the fact that I only trade when I am 100% engaged with the market. This market I am struggling to get a feel for.\r\n\r\nAll I see is that Oil is the “b-all and end-all” when it comes to market direction. Correlations have been off; as you will know, I am a big believer in inter-market correlations.\r\n\r\nBasically to sum up the first two weeks in June from my perspective; they have in a nutshell been boring, annoying and frustrating. I do hope some of you have fared a little better.\r\n\r\nLeading on from the pleasantries…\r\n\r\nFREE PREMIUM SERVICE subscriptions, just to remind you; you could be the next winner of a free PREMIUM SERVICE subscription; if you subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month during 2016 one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\nThe next draw will be early September when I return from my summer break.\r\n\r\nMy plans for the short tour of the UK and IRELAND (see chart below with itinerary) are complete.\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png\"><img class=\"aligncenter size-full wp-image-7597\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png\" alt=\"TOUR DATES 2016\" width=\"630\" height=\"397\" /></a>\r\n\r\n&nbsp;\r\n\r\nI hope to meet and greet many traders on this trip and I am really excited about the presentations that are scheduled. Please come along if you can and bring friends who you think may be interested in starting to trade the Forex market.\r\n\r\n&nbsp;\r\n\r\nSpaces are limited so to register for an event, please go to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and click on LIVE EVENTS. The drop down menu there has all the information that you will require, plus the email address to use to register at to reserve a space. I would place it here but I would end up getting thousand’s of SPAM emails, which I want to avoid.\r\n\r\nPlease note that because of the above touring schedule there will no “FREE NEWSLETTER or FOREXTELL” versions of the WEEKLY FX DRIVE THRU, on the dates listed below.\r\n<p style=\"text-align: center;\">18<sup>th</sup> June 2016\r\n25<sup>th</sup> June 2016\r\n2<sup>nd</sup> July 2016</p>\r\nOriginally, I had planned to produce something but the schedule is so intense the chance of having the time available is so slight there is really no point promising and not delivering.\r\n\r\nI will hopefully produce a brief overview of the markets and my thoughts for PREMIUM SERVICE subscribers but even this will be basic and very limited.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n\r\n<u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u>\r\n\r\nDetails of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.\r\n\r\nPREMIUM SERVICE subscription costs are as follows: -\r\n\r\nCAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00\r\n\r\nI work for about 50 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.\r\n\r\n<u>PREMIUM SERVICE PERFORMANCE THIS MONTH &amp; YEAR TO DATE:</u>\r\nNET PIPS TO THE MONTH SO FAR:       - 751 pips\r\nNET PIPS THIS YEAR SO FAR:                +5,116 pips\r\n\r\nNET PIPS 2015:       +10,686\r\nNET PIPS 2014:       +11,209\r\n(I trade basically for 10 months a year. I do not trade from mid July through early September or mid December through early January).\r\n\r\nIf you want more data or detail about the performance and the tabs on my website landing page do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><strong> THE FX MARKET PLACE:</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S NEWS – MY THOUGHTS:</strong>\r\n\r\nLast week was a slow week in trading for me, but there were significant events that took place in my opinion.\r\n\r\nIs it just me that sees / views the markets as complacent at the moment?\r\n\r\nDo the market participants dotted around the globe view everything on the basis that central banks will step in to support the private banks and markets once again and backstop potential losses and confidence should we have another crisis?\r\n\r\nWhat the hell is going on? I find the whole approach anti to market fundamentals and at times technicals mean nothing. It’s all about OIL and news driven events that trump (no pun at the DONALD intended), economic data such as BREXIT. Frankly it is disturbing.\r\n\r\nBack on track…\r\n\r\nJanet Yellen (FED) spoke last week re-affirmed her desire to tighten and raise interest rates. The markets listened and kind of did nothing.\r\n\r\nGlenn Stevens (RBA) kept rates unchanged. The RBA is still concerned over commodity pricing and housing, but sees no reason to play with interest rates yet *(later)\r\n\r\nGraeme Wheeler (RBNZ) also kept rates unchanged. He also cited the housing bubble in Auckland and demonstrated the best he could that he is on a very thin dividing line. He spoke twice after the statement was released. I read the statement and frankly I thought all that the RBNZ had done was tippex out the date on the last one, re-date it and issue it again. It was that similar. He basically stated that he was waiting on the FED *(later).\r\nIn his second speech he was so HAWKISH and BEARISH towards the NZD I was amazed that the currency remained so well bid in the hours that followed.\r\n\r\nMario Draghi (ECB) delivered a damming view of the economic position inside the EUROZONE. Basically he re-iterated once again that he has gone pretty much as far as he can with fiscal changes and initiatives with the ECB. It is now up to member states to get their fingers extracted from where the sun does NOT shine and implement structural reforms to boost growth and get inflation back in play. I guarantee you; this fell on deaf ears. No one gives a rat’s ass in the EUROZONE to doing the right thing *(later).\r\n\r\nTwo years ago, had Draghi delivered this speech the EUR/USD would have collapsed by 200-300 pips in the day. We saw about 70 pips and then it pulled back.\r\n\r\nStephen Poloz (BOC) spoke in Ottawa and basically stated there are some concerns ahead for the Canadian economy. He singled out housing. He claimed that the upside housing prices pressure would start to diminish…. my arse it will. Poloz has his head so buried in the sand he has no idea what he is saying as he cannot hear anything. At one point, he was congratulating the U.S. on an economic great job done. In Ireland, this would be considered as tongue in check plaumausing and hilarious to listen to *(later).\r\n\r\nHere is later…\r\n\r\n* - All of these central bankers are basically saying the same stuff. They are waiting on the Fed to act and raise rates to strengthen the USD and weaken their currencies. The strength of the FED will dwarf anything they attempt and they are prepared to risk a waiting game.\r\n\r\nLook… this is all a game, nothing more and nothing less.\r\n\r\nWithout exception these central bankers cannot see that a lower interest rate policy encourages investors into the housing market as an alternative to buying equities. Now they have bubbles and they behave as 2016 versions of Pontius Pilate, virtually washing their hands of any implications they may have had in the current predicament.\r\n\r\nAs I have said before it all down to “Dithering” Janet Yellen and when she will act. I do not want to be DOOM and GLOOM all the time but I really fear that complacency has set in and my NIGHTMARE SCENARIO posted in the last two blogs is in place. Nothing that has happened in the last three weeks has caused me to change my views.\r\n\r\nDid I miss an end of the world announcement or something?\r\n\r\n<strong> </strong>\r\n\r\n<strong>WHAT’S ON MY MIND:</strong>\r\n<p style=\"text-align: center;\"><strong>BREXIT IS A REAL POSSIBILITY - SO IS A EUROZONE CONTAGION FEAR REAL?</strong></p>\r\nI have this great app on my iPAD that I can mirror play through my smart TV that gives me hundreds of TV channels from around the world. This includes all the BBC, ITV, Channel 4 and Channel 5 TV schedules in the UK, as well as some political UK and EUROZONE based specialty channels, and it is just brilliant.\r\n\r\nIt has allowed me to watch the TV debates on BREXIT to supplement my reading on the subject, plus I get some snippets from subscribers in the UK as to what is happening on the ground in the local pups etc.\r\n\r\nGet ready…\r\n\r\nAs “wooden” Wolf Blitzer would say on CNN Americas Choice 2016 (The US Presidential Election / Circus coverage), “we have an important announcement”.\r\n\r\nIn an about turn from my initial perspective, I actually think that the UK could be on its way out of the EUROPEAN UNION.\r\n\r\nThe arguments to LEAVE in the TV debates are compelling, whilst the arguments to STAY are based on FEAR.\r\n\r\nI live in Canada now and watch a great deal of US based TV. For decades, prior to moving, I have commented on the fact that the US population has been managed by fear. Living so close now with even more exposure, I have seen nothing to change those views. FEAR works in the U.S.; look at the DONALD.\r\nThe “Brits” are not American. The debates on TV are NOT a slagging match of personal insults; they debate real facts and figures.\r\n\r\nThe big question for the STAY/REMAIN vote with two weeks left, is that they are hoping that huge undecided voters (the silent majority) will be more conservative in view and will likely vote to REMAIN. No change, the devil you know better than the devil you don\'t. But will these people get out and vote? What will the turnout be?\r\n\r\nSovereignty is a huge issue for the UK population. There is absolutely no doubt that unelected bureaucrats in Brussels have eroded this in the name of the EUROPEAN UNION. There was suspicion when the UK entered the EU that this would happen. That was why there was never any discussion on abandoning the GBP in favour of the EUR. Those fears from years ago now have substance, and many believe have been realized. The LEAVES love this point where as the REMAINS gloss over it.\r\n\r\nTrade will always happen and frankly whilst there are some benefits to trading inside the EU, the amount of paperwork required to trade from the outside will not be any greater than the waste of paper that exists right now.\r\n\r\nFor those of you living outside of Europe you will find the way that Brussels manages all things EU is weird and extreme. It is managed, well in fact I do not think it is managed, there are no mandates in place, it has a centralized function on policy but it’s not clear. Policy from the EUROPEAN PARLIAMENT is non-existent. The EUROPEAN PARLIAMENT has no power. The LEAVE side of the debate can just point to high bureaucrat salaries, pensions and benefits, which are unmanaged by elected officials. Basically it is a massive un-checked cost and just wastes money.\r\n\r\nIt reminds me in many ways of the language police here in Quebec. The policy and procedures are anti- business and just a high cost and a waste.\r\n\r\nIn Europe hundreds of thousands of €’s were actually spent on the definition and content of a British sausage to see if could be called a sausage!\r\n\r\nYup, we all pay taxes for this critical information.\r\n\r\nThe LEAVES have an easy sell, as promises of effectiveness of the EU have just NOT materialized and it seen for what it is.\r\n\r\nIt is a shambolic collection of non-coordinated departments with no effective cost controls. Zero unity or, harmony on most fronts politically and economically, so basically a cost that the UK would be better off without.\r\n\r\nTo counter-balance all the EU bashing the REMAINS say that the UK will fall behind the world with trade if outside the EU and that tax, unemployment and retail prices will rise. The LEAVES cite Switzerland and Norway who are both geographically close the EURO AREA as having great trading arrangements. Plus, JAPAN, TAIWAN, NEW ZEALAND, AUSTRALIA and the US all trade with the EUROZONE so why would the UK be any different from those? It is a strong argument and FEAR as a counter just does not cut the mustard.\r\n\r\nI know that I am keeping this high level without too much flesh on the bones but these are pub discussions. This is where the vote is mainly contested.\r\n\r\nI think that there is a real possibility of a BREXIT unless the great undecided are all REMAINS… the silent majority.\r\n\r\nBack to my NIGHTMARE SCENARIO…\r\n\r\nThe BREXIT happens. The GBP is under immediate pressure, but so, in my opinion is the EUR. There is much more at stake for the EUROZONE, right now I cannot believe the apparent complacency.\r\n\r\nThe EUROZONE is a shambles, reverting back to my earlier point on sovereignty and the single currency, it is important to note that, most voters in the vast majority of EU countries who were members of the EUROZONE at the outset never had a vote on whether they wanted the EUR to replace their sovereign currency. It was an opted in vote on the back of another treaty vote. Vote YES for the treaty and the EUR comes as well. That is what you call democracy EUROZONE style.\r\n\r\nIf the UK leaves the EU, other countries even those tied to the single currency will be having elections that are really EUROZONE membership referendum votes. I have NO DOUBT that there will be a CONTAGION. I have been writing about this for years in my blogs.\r\n\r\nPoliticians are far removed from voters, the ECB does not have to interact and the vast majority of the population of the EUROZONE has endured the pain of a failed AUSTERITY plan now replaced by QE (Quantitative Easing), and even this is NOT enough. Mario Draghi is asking for country by country structural reforms. This will take years and years to wash through even if there is commitment today to start to do something.\r\n\r\nListen…\r\n\r\nIt will be talked about and debated over a glass of wine but bugger all will be done.\r\n\r\nThe CONTAGION door has been opened by the political failures of those in place in the EUROZONE. It is the best own goal (great timing given EURO 2016) ever to be seen and when the history books are written it will be documented as such.\r\n\r\nITALY, GREECE, SPAIN, PORTUGAL are my naps for CONTAGION.\r\n\r\nIt is said that if the BREXIT occurs on June 23<sup>rd</sup> it will take about 2 years to unchain the UK from the EU. Within those two years the EUROZONE will be at break up point in my opinion.\r\n\r\nIt will take a lot of hard work, commitment, determination and coordination to prevent this. None of these words can be associated with the EUROZONE.\r\n\r\nI still see my NIGHTMARE SCENARIO in place.\r\n\r\nIf the DONALD is elected, we could all be singing the famous R E M song… “The end of the world as we know it”.\r\n\r\n&nbsp;\r\n\r\n<em> </em>\r\n<ol start=\"4\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE AREA:\r\n\r\n</strong></li>\r\n</ol>\r\n&nbsp;\r\n\r\nTRADING REVIEW:\r\n\r\nI must admit trading since NFP has been difficult / painful, call it what you will.\r\n\r\nThe markets have been undecided on what to do and what direction to take. This has not been helped by central banks basically saying we are doing nothing but standing and watching as well. It’s about the FED and the price of a barrel of WTi at the moment. Apart from immediately selling USD, the markets did not know what to do next. The result of this was range bound 40 pips moves in the EUR/USD. Very frustrating for me as I took the decision to cover EUR/GBP and NZD/USD trades and let the USD/CAD stop out as they were starting to cost on overnight fees and frankly their movements were anti my thoughts for a number of reasons.\r\n\r\nWe have better prices on the NZD/USD but I am not 100% sure on the fact that I should have covered after the RBNZ rate decision earlier last week? I had several devices scattered on my desk with my plans in FONT SIZE 32 beneath each one for each pair at the brokers involved, so I could trade in a matter of a seconds across 5 devices. Whilst this was a great procedure to execute and I traded my plan, was my plan the right one given my longer-term fundamental views… it was a 420-pip decision….\r\n\r\nBasically, very little by way of trades has jumped out at me to trade.\r\n\r\nThe BREXIT and the price of oil, plus what to do about the FED and rate hikes is holding up the FX market, plus equities in the U.S. are relentless, they look like they are primed to fall back but buyers are always stepping in. I am positioned and ready for a drop but this waiting is driving me crazy. It is pointless entering a whole bundle of trades, as the ranges are small. Talk about being patient and waiting for trades to come to you!!\r\n\r\n&nbsp;\r\n\r\nMARGIN REQUIREMENTS and BREXIT:\r\n\r\nSitting around looking at charts has given me time to plan the BREXIT trades and although there is still almost two weeks left to go until the vote, I have my PLAN A and PLAN B trades in place.\r\n\r\nI am going to focus on the EUR/GBP, GBP/CHF and EUR/CHF. I want a commodity cross rate and the obvious one is the GBP/NZD. We have unfinished business from the ice storm earlier this year.\r\n\r\nMost of my brokers have been in touch advising of margin changes ahead of the BREXIT date. After the SNB calamity last year (my largest $$$ loss in one day), banks are protecting themselves. Not us as traders, they couldn’t give two hoots if we blow our accounts, this is all about them.\r\n\r\nWe have a lot of varying restrictions coming into place starting 16th June for most brokers. GBP trades are having margin requirements lifted temporarily by as much as 5 times current requirements, you may have seen greater?\r\n\r\n&nbsp;\r\n\r\nBLOGS etc. WHILST ON TOUR:\r\n\r\nWe head out on Wednesday night this week.\r\n\r\nWith regards to the blog, there will be no NEWSLETTER and FOREXTELL versions whilst I am away, maybe just a page being produced stating that I am away!\r\n\r\nFor you guys I am hoping to produce something, but I am not 100% certain. Whilst, I will be trading and updating the website from to time and Twitter will be active. Whilst in the UK we are catching up with a lot of friends and I have a couple of broker meetings to attend. My iCal looks very colourful but also extremely complex. My agenda is fixed and when traveling times are added in, I am expecting that I will need a holiday when I return to Hudson.\r\n\r\nThe day of the BREXIT referendum, we are travelling from Heathrow to Dublin, and if all goes to plan I should in position in good time in my hotel to react to the news.\r\n\r\nThen finally, after another short stint around London with some theatre buddies from old, we return to Montreal on 4<sup>th</sup> July. The day after our arrival we are off to see PETER GABRIEL &amp; STING in concert in downtown Montreal so we will stay downtown until the 6<sup>th</sup> July and the blog of 9<sup>th</sup> July will the next full version of the “DRIVE THRU”.\r\n\r\n<strong> </strong>\r\n\r\n<strong>CHARTS THAT ARE ATTRACTING MY INTEREST:</strong>\r\n\r\n<strong><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDCHF-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8052\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDCHF-D-11062016-1024x481.png\" alt=\"AUDCHF D 11062016\" width=\"1024\" height=\"481\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURCHF-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8053\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURCHF-D-11062016-1024x481.png\" alt=\"EURCHF D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURGBP-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8054\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURGBP-D-11062016-1024x481.png\" alt=\"EURGBP D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURJPY-WEEKLY-11062016.png\"><img class=\"aligncenter size-large wp-image-8055\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURJPY-WEEKLY-11062016-1024x481.png\" alt=\"EURJPY  WEEKLY 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPCHF-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8056\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPCHF-D-11062016-1024x481.png\" alt=\"GBPCHF D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPNZD-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8057\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPNZD-D-11062016-1024x481.png\" alt=\"GBPNZD D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDJPY-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8058\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDJPY-D-11062016-1024x481.png\" alt=\"NZDJPY D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDSEK-DAILY-11062016.png\"><img class=\"aligncenter size-large wp-image-8059\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDSEK-DAILY-11062016-1024x481.png\" alt=\"USDSEK DAILY 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>TRADES REVIEW:</strong>\r\n\r\nThe excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -\r\n\r\n<strong> <a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/LIVE-11062016.png\"><img class=\"aligncenter size-full wp-image-8044\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/LIVE-11062016.png\" alt=\"LIVE 11062016\" width=\"806\" height=\"589\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/LIMIT-ORDERS-11062016.png\"><img class=\"aligncenter size-full wp-image-8043\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/LIMIT-ORDERS-11062016.png\" alt=\"LIMIT ORDERS 11062016\" width=\"667\" height=\"456\" /></a></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n 	<li><strong> COMING UP THIS WEEK:</strong></li>\r\n</ol>\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: N/A.\r\n\r\nTUESDAY: USD – Retail Sales and Core Retail Sales.\r\n\r\nWEDNESDAY: NZD – GDT Dairy Auction prices.\r\nWEDNESDAY: USD – FOMC statement, Projections &amp; FED Press Conference.\r\nWEDNESDAY: NZD – GDP.\r\nWEDNESDAY: AUD – Employment Data.\r\n\r\nTHURSDAY: CHF – Libor Rate and SNB Press Conference.\r\nTHURSDAY: GBP – BOE Interest Rate and MPC voting.\r\n\r\nFRIDAY: N/A.\r\n<u>THE USD MAJORS – MY THOUGHTS (A REVIEW): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.1258\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURUSD-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8046\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURUSD-D-11062016-1024x481.png\" alt=\"EURUSD D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.4258\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPUSD-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8047\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPUSD-D-11062016-1024x481.png\" alt=\"GBPUSD D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7378\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDUSD-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8045\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDUSD-D-11062016-1024x481.png\" alt=\"AUDUSD D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.7060\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDUSD-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8048\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDUSD-D-11062016-1024x481.png\" alt=\"NZDUSD D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.2753\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCAD-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8049\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCAD-D-11062016-1024x481.png\" alt=\"USDCAD D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 0.9641\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCHF-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8050\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCHF-D-11062016-1024x481.png\" alt=\"USDCHF D 11062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 106.74\r\n\r\n<u><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDJPY-D-11062016.png\"><img class=\"aligncenter size-large wp-image-8051\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDJPY-D-11062016-1024x481.png\" alt=\"USDJPY D 11062016\" width=\"1024\" height=\"481\" /></a></u>\r\n\r\n<u> </u>\r\n\r\n<u>MY CLOSING THOUGHTS:</u>\r\n\r\nIt\'s all about central banks again this week. But on this occasion only the FED. Janet Yellen has a Press Conference this coming Wednesday, the focus will be on will she be looking to July to raise rates (assuming there is no hike this week).\r\n\r\nEvery dot on the “I” and cross on the “t” will be checked and cross-referenced for clues. Oh, what fun for all on Wednesday. How will the USD react? Personally, I see USD strength if July is still on. Then we have the July NFP release being the next major news event on the U.S. horizon. All other U.S. news may as well be cancelled.\r\n\r\nNot that I want to any way be cynical, God forbid. Am II correct in saying though, that the markets reaction and future of the FED monetary policy for the immediate future is going to be based on the U.S. Department of Labour statistics numbers which are never accurate?\r\n\r\nWill they be massaged to meet the FED’s requirements? Holy Mother of God, there I go again.\r\n\r\nWill they be massaged for big business and Wall Street to keep the status quo of free money in place? Wash my mouth out with soap; as if that could possibly happen in the US and A.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nDATE: 11<sup>th</sup> June 2016\r\nBLOG VERSION: PREMIUM SERVICE VERSION #106\r\n\r\n&nbsp;','BREXIT IS A REAL POSSIBILITY -  SO IS A EUROZONE CONTAGION FEAR REAL?','','inherit','closed','closed','','8061-revision-v1','','','2016-06-11 11:07:02','2016-06-11 16:07:02','',8061,'http://weeklyfxdrivethru.com/8061-revision-v1/',0,'revision','',0),(8035,1,'2016-06-04 10:54:21','2016-06-04 15:54:21','<strong> </strong>\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nWow… what a crazy end to the week, as NFP misses. Only 38,000 new jobs added in May, way below the expectations of 160,000 and then to rub salt in the wounds, the April number of 160,000 was revised down to 123,000.\r\n\r\nMake no mistake these are dreadful numbers when you look at the two months together.\r\n\r\nThe unemployment rate fell from 5.0% to 4.7%, due to the participation rate and average hourly earnings met the 0.2% gain that was expected.\r\n\r\nI still ask myself why don’t the US employment office delay the numbers a week so that the market can have accurate data? All these estimates are crazy and the need for constant revisions are in my opinion bordering on an amateurish calculations seemingly being done on the back of a fag packet.\r\n\r\nThe April print was only 75% accurate. These month on month revisions are just so unprofessional. Come on, for God’s sake, if this was a private business HR would be sacked and heads would roll!\r\n\r\nTaking my macro view, given the fact that up to now the U.S. jobs data has been really good and surprisingly consistent, I am looking at these numbers as a one off. But it also questions the validity of the in line ADP numbers the day before? That aside I doubt that June will be on the table for a rate hike, but given the quite HAWKISH comments by Janet Yellen a couple of Fridays ago in Harvard, I would say July could still be on the table. It does however place the FED in an awkward position. Please note I am by no means encouraging more damn dithering from Janet Yellen and her chaps.\r\n\r\nThe Chinese data is also questionable and for most of 2014, if you recall, the Canadian government had released bad jobs data that had errors running for months. This is 2016 not 1956, why can’t we have good clean accurate data? If I were a skeptical person I would say that grey numbers rather than black and white suit the politicians… Jesus… maybe I am skeptical after all!\r\n\r\nMoving on…\r\n\r\nFrom a trading perspective, May was a great month and THE PREMIUM SERVICE is ahead of target for the year 2016. When you consider that in February all gains were wiped out, due to power outages and no ISP for 2/3 days, I am absolutely delighted.\r\n\r\nMy leaping around the office has however been short-lived as on NFP I decided to stick with some open trades and albeit they are small positions, I am carrying a few loss trades at the moment. However, I added some extra trades at extremes after NFP so I am looking for these the come through next week.\r\n\r\nAs I have written over the past two weeks, we are entering a period of extreme volatility given the numbers of high profile events coming up on the calendar. Looking forward I see no reason why the chop fest should not continue. We are in a holding pattern like an A380 swooping around over the English countryside. Yellen speaks again on Monday this week; lets see what she says now following a bad NFP. I just think that until the FED plays its hand we will chop one way and then the other. We have BREXIT, we have GREECE, we have THE DONALD, CRAZY BERNIE and CROOKED HILLARY for a side show as well, but in my opinion it is the FED that holds the key to deliver a move and some stability.\r\n\r\nShifting gears…\r\n\r\nFREE PREMIUM SERVICE subscriptions, just to remind you; you could be the next winner of a free PREMIUM SERVICE subscription; if you subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a><strong> </strong>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month during 2016 one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\nThe winner for June and July until my summer break (extended because of my tour) is:\r\n<p style=\"text-align: center;\">fredxxxxxx25@gmail.com\r\nmany congratulations to Fred... he is already fully set up!</p>\r\nThe next draw will be early September when I return from my summer break.\r\n\r\nMy plans for the short tour of the UK and IRELAND (see chart below with itinerary) are almost complete. My power point software skills are being pushed to the limits, never mind the continual refining of the presentation content. British Airways will be challenged with the numbers of bags that will be presented to them at check-in!!\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png\"><img class=\"aligncenter size-full wp-image-7597\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png\" alt=\"TOUR DATES 2016\" width=\"630\" height=\"397\" /></a>\r\n\r\n&nbsp;\r\n\r\nI hope to meet and greet many traders on this trip and I am really excited about the presentations that are scheduled. Please come along if you can and bring friends who you think may be interested in starting to trade the Forex market.\r\n\r\nSpaces are limited so to register for an event, please go to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and click on LIVE EVENTS. The drop down menu there has all the information that you will require, plus the email address to use to register at to reserve a space. I would place it here but I would end up getting thousand’s of SPAM emails, which I want to avoid.\r\n\r\nPlease note that because of the TOUR, copies of this blog will have a revised much shortened format on the following dates: -\r\n<p style=\"text-align: center;\">18<sup>th</sup> June 2016\r\n25<sup>th</sup> June 2016\r\n2<sup>nd</sup> July 2016</p>\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.<u> </u>\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>\r\n<p style=\"text-align: center;\">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>\r\n<p style=\"text-align: center;\">PREMIUM SERVICE subscription costs are as follows: -</p>\r\n<p style=\"text-align: center;\">CAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00\r\n\r\nI work for about 50 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.</p>\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE PERFORMANCE THIS MONTH &amp; YEAR TO DATE:</u></p>\r\n<p style=\"text-align: center;\">\r\nNET PIPS TO THE END OF MAY 2016:   +2,051\r\nNET PIPS THIS YEAR SO FAR:                +5,865</p>\r\n<p style=\"text-align: center;\">NET PIPS 2015:       +10,686\r\nNET PIPS 2014:       +11,209\r\n(I trade basically for 10 months a year. I do not trade from mid July through early September or mid December through early January).</p>\r\nIf you want more data or detail about the performance and the tabs on my website landing page do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><strong> THE FX MARKET PLACE:</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S NEWS – MY THOUGHTS:</strong>\r\n\r\nLast week I know, from a Forex perspective will revolve around the NFP data (already covered in the introduction) and I can completely understand those thoughts.\r\n\r\nFrom my perspective though prior to the NFP data three news events stuck out for me.\r\n\r\nFirstly, the AUD GDP; what a great number and the AUD/USD rallied well, the AUD/NZD looked like it was 1.0900 bound and then into and through the European session the AUD started to weaken and all gains were eroded and then some more. Obviously on the poor NFP numbers the AUD/USD has rallied back to highs once more but my underlying feeling is that we will see this pair once again head lower towards 0.7200. I feel it will break lower probably to 0.7050 and do not forget that the YTD lows are at 0.6825.\r\n\r\nThis coming week on Tuesday at 1230AM EST, Glenn Stevens (RBA Governor) is on the spot with a RBA statement. This will be a true indicator, or maybe just an opinion, on how the AUD economy is performing. Are we heading to 0.7200 or 0.7500 with the AUD/USD?\r\n\r\nSecondly, Mario Draghi produced a non-event snooze fest for his ECB Press Conference last Thursday. For this result he deserves a good pack on the back. Mario basically stated it is a wait and see to let all the extraordinary measures make their way through the markets.\r\n\r\nRather surprisingly, I asked the question in my closing comments of last week’s blog would Draghi announce an “escape plan for the EUROZONE with regards to BREXIT”. I called it Plan P. Draghi stated that the EUROZONE had a plan should BREXIT happen. Do you believe him?\r\n\r\nFor me, I doubt it’s detailed, the meeting minutes page would have the heading June 23<sup>rd</sup> UK BREXIT; underneath written “Oh Feck”. That would be about it I think. Maybe a comment to ask Angela for more money!\r\n\r\nI am still a believer in divergence and although I took just very small profits on a EUR/USD short fading the NFP move last Friday, I still believe that the EUR/USD is heading lower. I am looking to short again around 1.1400.\r\n\r\nDraghi did what every central banker does, adjusted the GDP numbers and presented all attendees at his press conference with a crystal ball, and I do not mean the 3xCD Prince release, rather a prediction into the future about inflation objectives. All complete bulls**t, the best guestimate is now for 1.6% in 2018, no way close to the 2% target. We are all supposed to be really excited by this lack-luster number. Ewald Nowotny Austrian Central Bank governor and member of the ECB governing council, looked as if he was hiding a semi based upon how excited he appeared on CNBC talking about 1.6% being close to 2.0%. That could have just been the interviewer though!\r\n\r\nBottom line; the EUROZONE despite improving PMi’s is still patchy in recovery and frankly, it requires structural reforms rather than ECB policy to move the combined EUROZONE growth and inflation performances forward. Takeaway Germany and the EUROZONE economic performances look really poor.\r\n\r\nNevertheless, I am still bearish the EUR/USD.\r\n\r\nThirdly, we had a nonsense meeting with OPEC. These OPEC meetings nearly always under deliver on policy; OPEC is like the EUROZONE in the sense that collectively they can never agree on anything.\r\n\r\nThe oil industry as I have spoken about before is full of HIGH RISK market players. Hedge funds love oil because it is so speculative. Basically it’s a drill baby drill environment or at the moment a pump baby pump existence.\r\n\r\nThe oil price, as I see it around $50.00 for WTi is a price that would encourage more drillers back into the market. The eyes of GREED will be wide open at $50.00 a barrel; hence the price drops as over supply concerns are raised once again. I saw it earlier in the week but forgot to print out a copy of all the oil tankers waiting to unload Oil to refineries dotted around the globe.\r\n\r\nThe rig count was up by “9” on Friday last week. On the data print Oil was taken to the woodshed and given a good spanking.\r\n\r\nThere are still supply and demand issues surrounding the future oil price, this fact has NOT gone away and if more drillers re-enter the Oil market they will only exacerbate an already fragile price spike. Will we see WTi sub $40.00 again? Maybe, who knows, the facts are the oil market has real issues on supply and demand that producers are incapable of fixing because of GREED.\r\n\r\n&nbsp;\r\n\r\n<strong>WHAT’S BIG ON MY MIND:</strong>\r\n<h3 style=\"text-align: center;\">WHERE NEXT FOR THE USD?</h3>\r\n<em> <a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/DXY-WEEKLY-05062016.png\"><img class=\"aligncenter size-large wp-image-8024\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/DXY-WEEKLY-05062016-1024x476.png\" alt=\"DXY WEEKLY 05062016\" width=\"1024\" height=\"476\" /></a></em>\r\n\r\n<em> </em>\r\n\r\nThe Weekly DXY chart refers.\r\n\r\nAs you can see from the chart what took about three weeks to go up took just one week, most of it in one day to give back.\r\n\r\nWhen you look around the EUR/USD, USD/CHF, USD/JPY, AUD/USD and NZD/USD charts it is not hard for anyone even without FX experience to see and note that the moves on Friday last week were stellar.\r\n\r\nI am a USD bull and I took a beating last week. My account is large enough and I am managing my risk through much smaller position sizes through the silly season, but I was not prepared for such a poor NFP number, I do not think that anyone saw that coming.\r\n\r\nI posted rather humorously on twitter the night before a picture of my two Labradors with the comment saying “We are ready for NFP tomorrow are you?” I jokingly added…they have just as much of chance of getting the number right as I have. Well I got that right.\r\n\r\nMoving forwards…\r\n\r\nIn last week’s blog, I wrote the second part to my NIGHTMARE SCENARIO looking at TRADING from a RISK perspective. I talked about the silly season, referring to the all the high profile events coming up in the near future and probable ending being the US Presidential Election in November.\r\n\r\nI am NOT that good, I did not have a poor NFP number on my list. However, I am now pleased to announce that silly season has in fact started. This Monday sees the start of the annual vacation / holiday’s cycle, this means that liquidity starts to dry up in the Forex markets. Given that liquidity is less than it has been in previous years I am not sure how different it will be this year from a liquidity two way action perspective.\r\n\r\nWhat I can say is that as we head into dealing with some big economic and geopolitical events, the added thrill of lower liquidity should spice things up a bit for us all.\r\n\r\nEverything in Forex really revolves around the USD. No matter what pair you trade, at some point a relationship to the dollar can be established, whether this is through an associated commodity linked to the USD or through an associated FX pair that is correlated to the USD.\r\n\r\nThe most liquid pair in the currency menu, the EUR/USD has been trading in some very tight overnight ranges of late. It has not been uncommon over the past two/ three weeks to see 30-40 pip ATR’s. This lack of movement or chop fest within a tight range has its effect on other currency pairs. On Friday after NFP, in stark contrast to recent sessions the daily range with the EUR/USD was 215 pips, interestingly enough the daily ATR at this moment is 71 pips. Friday’s move was nearly 3 times the ATR.\r\n\r\nDuring this period of low ATR’s, the USD index (DXY) had moved up slowly and in bite size chunks; that all came crashing down after NFP.\r\n\r\nSo where next for the USD?\r\n\r\nI still believe in central bank divergence, I still believe in the process and effects of central bank divergent monetary policies. I may be the last trader alive that believes in this, but my colours are nailed to the mast, hypothetically speaking.\r\n\r\nAt this stage of 2016, I expected the divergent trade to be well established, but I have found myself being on hold waiting for the FED to act. By the end of 2016, I still see the DXY pushing 100.00 and maybe beyond. I still see the EUR/USD pushing well below 1.1000 challenging the 1.0500 level once again. It sounds ambitious but it can happen very easily.\r\n\r\nSo what are blockages to my macro / fundamental views happening?\r\n\r\nI think that dithering Janet Yellen is on my side as she has stated that she will tighten policy and I fully expect her to deliver once before the summer and once before the U.S. election to give 0.75% minimum behind the clock to react to the presidential result should THE DONALD beat CROOKED HILLARY or CRAZY BERNIE.\r\n\r\nIt is the election that may place a “spanner / wrench in the works” as far as I am concerned. I so want to write about THE DONALD in some detail but I just don\'t think that I can add too much beyond that fact that he would be a bloody nightmare in my opinion. Not that I think CROOKED HILLARY will be much better. I think that CRAZY BERNIE is only in the race to collect Air Miles whilst he can.\r\n\r\nThe markets would go arseways should THE DONALD be elected, talk about uncertainty! Having said that the USD may strengthen significantly if THE DONALD was elected and converted the White House to TRUMP WASHINGTON. I just don\'t know if the USD weaken or strengthen with THE DONALD in situ? There are arguments, good ones for both ways.\r\n\r\nBefore the election, the FED will be tightening, and as a result the USD will move towards 100.00. This move will be spurred on by other central bank activity by countries still having to weaken their currencies to try and get the competitive edge. The RBA and RBNZ immediately come to mind plus the BOJ. Regular readers will know that I am also in the camp that the BOC will go very dovish soon. This opinion is supported by and exacerbated by the Fort McMurray wild fires close to the Alberta Oil sands. The SNB will continue its policy of negative rates, and, as we all know, it measures and artificially manages the EUR/CHF exchange rate right now even though it denies this. The UK has it’s own worries through BREXIT and although a while back Carney was advising the markets that the next move in cable interest rates would be up they could in fact move lower.\r\n\r\nAll of this central bank activity and monetary policy direction is supportive of claiming that central bank divergence is in place.\r\n\r\nThe USD will in my opinion over the coming sessions try to establish a base level above 92.00. Everyone knows the next big move is upwards it’s just a question of where it will base first.\r\n\r\nI think we have some great long USD opportunities on the horizon playing the DXY to give us entries.\r\n\r\nLike everything with Forex, we have to be patient and wait for the moves to come to us first.\r\n\r\n<em> </em>\r\n<ol start=\"4\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE AREA:\r\n\r\n</strong>(NOT AVAILABLE IN THE FREE NEWSLETTER)</li>\r\n</ol>\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> COMING UP THIS WEEK:</strong><strong> </strong></li>\r\n</ol>\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: USD – Janet Yellen (FED) speaks.\r\n\r\nTUESDAY: AUD – RBA Rate Statement.\r\nTUESDAY: CNY – Trade Balance.\r\n\r\nWEDNESDAY: NZD – RBNZ Statement, Press Conference &amp; Wheeler speaks.\r\n\r\nTHURSDAY: EUR – Mario Draghi (ECB) speaks.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) speaks.\r\n\r\nFRIDAY: CAD – Employment Data.\r\n<u>THE USD MAJORS – MY THOUGHTS (A REVIEW): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.1366\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8026\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURUSD-D-05062016-1024x481.png\" alt=\"EURUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.4510\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8027\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPUSD-D-05062016-1024x481.png\" alt=\"GBPUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7365\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8025\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDUSD-D-05062016-1024x481.png\" alt=\"AUDUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.6953\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8028\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDUSD-D-05062016-1024x481.png\" alt=\"NZDUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.2935\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCAD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8029\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCAD-D-05062016-1024x481.png\" alt=\"USDCAD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 0.9752\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCHF-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8030\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCHF-D-05062016-1024x481.png\" alt=\"USDCHF D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 106.53\r\n\r\n<u><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDJPY-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8031\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDJPY-D-05062016-1024x481.png\" alt=\"USDJPY D 05062016\" width=\"1024\" height=\"481\" /></a></u>\r\n\r\n<u> </u>\r\n\r\n<u> </u>\r\n\r\n<u>MY CLOSING THOUGHTS:</u>\r\n\r\nIt\'s all about central banks again this week.\r\n\r\nThe RBA and RBNZ have interest rate decisions and accompanying rate statements. Graeme Wheeler has a press conference; so for those readers who find it hard to sleep, just log in and watch. Holy Mother of God snooze fest city, it is true accountancy at work.\r\n\r\nWe also have Janet Yellen (FED), Mario Draghi (ECB) and Stephen Poloz (BOC) unleashing their words of wisdom on the markets this week.\r\n\r\nI am expecting something from all of the above, but I am not holding my breath. Of late I have witnessed great disappointment in central bank speak, I am now fully in the camp that nothing major will happen for fear that the FED will undermine local activity. I cannot see the FED moving on rates until at least July unless Yellen has another dithering bout once again.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nDATE: 4<sup>th</sup> June 2016\r\nBLOG VERSION: FREE NEWSLETTER #204','WHERE NEXT FOR THE USD?','','publish','open','closed','','where-next-for-the-usd','','','2016-06-04 10:54:21','2016-06-04 15:54:21','',0,'http://weeklyfxdrivethru.com/?p=8035',0,'post','',0),(8033,1,'2016-06-04 09:32:08','2016-06-04 14:32:08','&nbsp;\r\n<ol>\r\n 	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nWow… what a crazy end to the week, as NFP misses. Only 38,000 new jobs added in May, way below the expectations of 160,000 and then to rub salt in the wounds, the April number of 160,000 was revised down to 123,000.\r\n\r\nMake no mistake these are dreadful numbers when you look at the two months together.\r\n\r\nThe unemployment rate fell from 5.0% to 4.7%, due to the participation rate and average hourly earnings met the 0.2% gain that was expected.\r\n\r\nI still ask myself why don’t the US employment office delay the numbers a week so that the market can have accurate data? All these estimates are crazy and the need for constant revisions are in my opinion bordering on an amateurish calculations seemingly being done on the back of a fag packet.\r\n\r\nThe April print was only 75% accurate. These month on month revisions are just so unprofessional. Come on, for God’s sake, if this was a private business HR would be sacked and heads would roll!\r\n\r\nTaking my macro view, given the fact that up to now the U.S. jobs data has been really good and surprisingly consistent, I am looking at these numbers as a one off. But it also questions the validity of the in line ADP numbers the day before? That aside I doubt that June will be on the table for a rate hike, but given the quite HAWKISH comments by Janet Yellen a couple of Fridays ago in Harvard, I would say July could still be on the table. It does however place the FED in an awkward position. Please note I am by no means encouraging more damn dithering from Janet Yellen and her chaps.\r\n\r\nThe Chinese data is also questionable and for most of 2014, if you recall, the Canadian government had released bad jobs data that had errors running for months. This is 2016 not 1956, why can’t we have good clean accurate data? If I were a skeptical person I would say that grey numbers rather than black and white suit the politicians… Jesus… maybe I am skeptical after all!\r\n\r\nMoving on…\r\n\r\nFrom a trading perspective, May was a great month and THE PREMIUM SERVICE is ahead of target for the year 2016. When you consider that in February all gains were wiped out, due to power outages and no ISP for 2/3 days, I am absolutely delighted.\r\n\r\nMy leaping around the office has however been short-lived as on NFP I decided to stick with some open trades and albeit they are small positions, I am carrying a few loss trades at the moment. However, I added some extra trades at extremes after NFP so I am looking for these the come through next week.\r\n\r\nAs I have written over the past two weeks, we are entering a period of extreme volatility given the numbers of high profile events coming up on the calendar. Looking forward I see no reason why the chop fest should not continue. We are in a holding pattern like an A380 swooping around over the English countryside. Yellen speaks again on Monday this week; lets see what she says now following a bad NFP. I just think that until the FED plays its hand we will chop one way and then the other. We have BREXIT, we have GREECE, we have THE DONALD, CRAZY BERNIE and CROOKED HILLARY for a side show as well, but in my opinion it is the FED that holds the key to deliver a move and some stability.\r\n\r\nShifting gears…\r\n\r\nFREE PREMIUM SERVICE subscriptions, just to remind you; you could be the next winner of a free PREMIUM SERVICE subscription; if you subscribe to receive this free blog via my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nYou are automatically entered into a free monthly draw, once you’ve subscribed. Each month during 2016 one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.\r\n\r\nThe winner for June and July until my summer break (extended because of my tour) is:\r\n<p style=\"text-align: center;\">fredxxxxxx25@gmail.com</p>\r\nThe next draw will be early September when I return from my summer break.\r\n\r\nMy plans for the short tour of the UK and IRELAND (see chart below with itinerary) are almost complete. My power point software skills are being pushed to the limits, never mind the continual refining of the presentation content. British Airways will be challenged with the numbers of bags that will be presented to them at check-in!!\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png\"><img class=\"aligncenter size-full wp-image-7597\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png\" alt=\"TOUR DATES 2016\" width=\"630\" height=\"397\" /></a>\r\n\r\n&nbsp;\r\n\r\nI hope to meet and greet many traders on this trip and I am really excited about the presentations that are scheduled. Please come along if you can and bring friends who you think may be interested in starting to trade the Forex market.\r\n\r\nSpaces are limited so to register for an event, please go to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and click on LIVE EVENTS. The drop down menu there has all the information that you will require, plus the email address to use to register at to reserve a space. I would place it here but I would end up getting thousand’s of SPAM emails, which I want to avoid.\r\n\r\nPlease note that because of the TOUR, copies of this blog will have a revised much shortened format on the following dates: -\r\n<p style=\"text-align: center;\">18<sup>th</sup> June 2016\r\n25<sup>th</sup> June 2016\r\n2<sup>nd</sup> July 2016</p>\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n 	<li><strong> THE PREMIUM SERVICE:</strong></li>\r\n</ol>\r\n<u>WHAT IS THE PREMIUM SERVICE:</u>\r\n\r\nThe PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.\r\n\r\nFull details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.\r\n\r\nAdditional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>\r\n<p style=\"text-align: center;\">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>\r\n<p style=\"text-align: center;\">PREMIUM SERVICE subscription costs are as follows: -</p>\r\n<p style=\"text-align: center;\">CAD$240.00 - 4 weeks (1 month)\r\nCAD$500.00 - 10 weeks (3 months)\r\nCAD$750.00 - 20 weeks (6 months)\r\nCAD$1,250.00 - 40 weeks (12 months)\r\n<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00\r\n\r\nI work for about 50 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.</p>\r\n<p style=\"text-align: center;\"><u>PREMIUM SERVICE PERFORMANCE THIS MONTH &amp; YEAR TO DATE:</u></p>\r\n<p style=\"text-align: center;\">\r\nNET PIPS TO THE END OF MAY 2016:   +2,051\r\nNET PIPS THIS YEAR SO FAR:                +5,865</p>\r\n<p style=\"text-align: center;\">NET PIPS 2015:       +10,686\r\nNET PIPS 2014:       +11,209\r\n(I trade basically for 10 months a year. I do not trade from mid July through early September or mid December through early January).</p>\r\nIf you want more data or detail about the performance and the tabs on my website landing page do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n 	<li><strong> THE FX MARKET PLACE:</strong></li>\r\n</ol>\r\n<strong>LAST WEEK’S NEWS – MY THOUGHTS:</strong>\r\n\r\nLast week I know, from a Forex perspective will revolve around the NFP data (already covered in the introduction) and I can completely understand those thoughts.\r\n\r\nFrom my perspective though prior to the NFP data three news events stuck out for me.\r\n\r\nFirstly, the AUD GDP; what a great number and the AUD/USD rallied well, the AUD/NZD looked like it was 1.0900 bound and then into and through the European session the AUD started to weaken and all gains were eroded and then some more. Obviously on the poor NFP numbers the AUD/USD has rallied back to highs once more but my underlying feeling is that we will see this pair once again head lower towards 0.7200. I feel it will break lower probably to 0.7050 and do not forget that the YTD lows are at 0.6825.\r\n\r\nThis coming week on Tuesday at 1230AM EST, Glenn Stevens (RBA Governor) is on the spot with a RBA statement. This will be a true indicator, or maybe just an opinion, on how the AUD economy is performing. Are we heading to 0.7200 or 0.7500 with the AUD/USD?\r\n\r\nSecondly, Mario Draghi produced a non-event snooze fest for his ECB Press Conference last Thursday. For this result he deserves a good pack on the back. Mario basically stated it is a wait and see to let all the extraordinary measures make their way through the markets.\r\n\r\nRather surprisingly, I asked the question in my closing comments of last week’s blog would Draghi announce an “escape plan for the EUROZONE with regards to BREXIT”. I called it Plan P. Draghi stated that the EUROZONE had a plan should BREXIT happen. Do you believe him?\r\n\r\nFor me, I doubt it’s detailed, the meeting minutes page would have the heading June 23<sup>rd</sup> UK BREXIT; underneath written “Oh Feck”. That would be about it I think. Maybe a comment to ask Angela for more money!\r\n\r\nI am still a believer in divergence and although I took just very small profits on a EUR/USD short fading the NFP move last Friday, I still believe that the EUR/USD is heading lower. I am looking to short again around 1.1400.\r\n\r\nDraghi did what every central banker does, adjusted the GDP numbers and presented all attendees at his press conference with a crystal ball, and I do not mean the 3xCD Prince release, rather a prediction into the future about inflation objectives. All complete bulls**t, the best guestimate is now for 1.6% in 2018, no way close to the 2% target. We are all supposed to be really excited by this lack-luster number. Ewald Nowotny Austrian Central Bank governor and member of the ECB governing council, looked as if he was hiding a semi based upon how excited he appeared on CNBC talking about 1.6% being close to 2.0%. That could have just been the interviewer though!\r\n\r\nBottom line; the EUROZONE despite improving PMi’s is still patchy in recovery and frankly, it requires structural reforms rather than ECB policy to move the combined EUROZONE growth and inflation performances forward. Takeaway Germany and the EUROZONE economic performances look really poor.\r\n\r\nNevertheless, I am still bearish the EUR/USD.\r\n\r\nThirdly, we had a nonsense meeting with OPEC. These OPEC meetings nearly always under deliver on policy; OPEC is like the EUROZONE in the sense that collectively they can never agree on anything.\r\n\r\nThe oil industry as I have spoken about before is full of HIGH RISK market players. Hedge funds love oil because it is so speculative. Basically it’s a drill baby drill environment or at the moment a pump baby pump existence.\r\n\r\nThe oil price, as I see it around $50.00 for WTi is a price that would encourage more drillers back into the market. The eyes of GREED will be wide open at $50.00 a barrel; hence the price drops as over supply concerns are raised once again. I saw it earlier in the week but forgot to print out a copy of all the oil tankers waiting to unload Oil to refineries dotted around the globe.\r\n\r\nThe rig count was up by “9” on Friday last week. On the data print Oil was taken to the woodshed and given a good spanking.\r\n\r\nThere are still supply and demand issues surrounding the future oil price, this fact has NOT gone away and if more drillers re-enter the Oil market they will only exacerbate an already fragile price spike. Will we see WTi sub $40.00 again? Maybe, who knows, the facts are the oil market has real issues on supply and demand that producers are incapable of fixing because of GREED.\r\n\r\n&nbsp;\r\n\r\n<strong>WHAT’S BIG ON MY MIND:</strong>\r\n<h3 style=\"text-align: center;\"><strong>WHERE NEXT FOR THE USD?</strong></h3>\r\n<em> </em>\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/DXY-WEEKLY-05062016.png\"><img class=\"aligncenter size-large wp-image-8024\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/DXY-WEEKLY-05062016-1024x476.png\" alt=\"DXY WEEKLY 05062016\" width=\"1024\" height=\"476\" /></a>\r\n\r\n<em> </em><em> </em>\r\n\r\nThe Weekly DXY chart refers.\r\n\r\nAs you can see from the chart what took about three weeks to go up took just one week, most of it in one day to give back.\r\n\r\nWhen you look around the EUR/USD, USD/CHF, USD/JPY, AUD/USD and NZD/USD charts it is not hard for anyone even without FX experience to see and note that the moves on Friday last week were stellar.\r\n\r\nI am a USD bull and I took a beating last week. My account is large enough and I am managing my risk through much smaller position sizes through the silly season, but I was not prepared for such a poor NFP number, I do not think that anyone saw that coming.\r\n\r\nI posted rather humorously on twitter the night before a picture of my two Labradors with the comment saying “We are ready for NFP tomorrow are you?” I jokingly added…they have just as much of chance of getting the number right as I have. Well I got that right.\r\n\r\nMoving forwards…\r\n\r\nIn last week’s blog, I wrote the second part to my NIGHTMARE SCENARIO looking at TRADING from a RISK perspective. I talked about the silly season, referring to the all the high profile events coming up in the near future and probable ending being the US Presidential Election in November.\r\n\r\nI am NOT that good, I did not have a poor NFP number on my list. However, I am now pleased to announce that silly season has in fact started. This Monday sees the start of the annual vacation / holiday’s cycle, this means that liquidity starts to dry up in the Forex markets. Given that liquidity is less than it has been in previous years I am not sure how different it will be this year from a liquidity two way action perspective.\r\n\r\nWhat I can say is that as we head into dealing with some big economic and geopolitical events, the added thrill of lower liquidity should spice things up a bit for us all.\r\n\r\nEverything in Forex really revolves around the USD. No matter what pair you trade, at some point a relationship to the dollar can be established, whether this is through an associated commodity linked to the USD or through an associated FX pair that is correlated to the USD.\r\n\r\nThe most liquid pair in the currency menu, the EUR/USD has been trading in some very tight overnight ranges of late. It has not been uncommon over the past two/ three weeks to see 30-40 pip ATR’s. This lack of movement or chop fest within a tight range has its effect on other currency pairs. On Friday after NFP, in stark contrast to recent sessions the daily range with the EUR/USD was 215 pips, interestingly enough the daily ATR at this moment is 71 pips. Friday’s move was nearly 3 times the ATR.\r\n\r\nDuring this period of low ATR’s, the USD index (DXY) had moved up slowly and in bite size chunks; that all came crashing down after NFP.\r\n\r\nSo where next for the USD?\r\n\r\nI still believe in central bank divergence, I still believe in the process and effects of central bank divergent monetary policies. I may be the last trader alive that believes in this, but my colours are nailed to the mast, hypothetically speaking.\r\n\r\nAt this stage of 2016, I expected the divergent trade to be well established, but I have found myself being on hold waiting for the FED to act. By the end of 2016, I still see the DXY pushing 100.00 and maybe beyond. I still see the EUR/USD pushing well below 1.1000 challenging the 1.0500 level once again. It sounds ambitious but it can happen very easily.\r\n\r\nSo what are blockages to my macro / fundamental views happening?\r\n\r\nI think that dithering Janet Yellen is on my side as she has stated that she will tighten policy and I fully expect her to deliver once before the summer and once before the U.S. election to give 0.75% minimum behind the clock to react to the presidential result should THE DONALD beat CROOKED HILLARY or CRAZY BERNIE.\r\n\r\nIt is the election that may place a “spanner / wrench in the works” as far as I am concerned. I so want to write about THE DONALD in some detail but I just don\'t think that I can add too much beyond that fact that he would be a bloody nightmare in my opinion. Not that I think CROOKED HILLARY will be much better. I think that CRAZY BERNIE is only in the race to collect Air Miles whilst he can.\r\n\r\nThe markets would go arseways should THE DONALD be elected, talk about uncertainty! Having said that the USD may strengthen significantly if THE DONALD was elected and converted the White House to TRUMP WASHINGTON. I just don\'t know if the USD weaken or strengthen with THE DONALD in situ? There are arguments, good ones for both ways.\r\n\r\nBefore the election, the FED will be tightening, and as a result the USD will move towards 100.00. This move will be spurred on by other central bank activity by countries still having to weaken their currencies to try and get the competitive edge. The RBA and RBNZ immediately come to mind plus the BOJ. Regular readers will know that I am also in the camp that the BOC will go very dovish soon. This opinion is supported by and exacerbated by the Fort McMurray wild fires close to the Alberta Oil sands. The SNB will continue its policy of negative rates, and, as we all know, it measures and artificially manages the EUR/CHF exchange rate right now even though it denies this. The UK has it’s own worries through BREXIT and although a while back Carney was advising the markets that the next move in cable interest rates would be up they could in fact move lower.\r\n\r\nAll of this central bank activity and monetary policy direction is supportive of claiming that central bank divergence is in place.\r\n\r\nThe USD will in my opinion over the coming sessions try to establish a base level above 92.00. Everyone knows the next big move is upwards it’s just a question of where it will base first.\r\n\r\nI think we have some great long USD opportunities on the horizon playing the DXY to give us entries.\r\n\r\nLike everything with Forex, we have to be patient and wait for the moves to come to us first.\r\n\r\n<em> </em>\r\n<ol start=\"4\">\r\n 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE AREA:</strong></li>\r\n</ol>\r\n<strong>THE PREMIUM SERVICE – TRADING REVIEW: </strong>\r\n\r\nTRADING REVIEW:\r\n\r\nLet me start by saying, May was a great month for trading. All categories of trade style were profitable, however, what really pleased me was that 931 pips were generated on FUNDAMENTAL TRADES, which is helping to clear the negative pip total for the year so far. At the end of May FUNDAMENTAL TRADES are now at only -706 pips for the year.\r\n\r\nI still maintain that trading conditions are very difficult with tight ranges and very choppy moves within the ranges. Sadly, I see no change at all in this moving forward.\r\n\r\nWhilst we continue to have dithering from the FED, the equity and Oil markets are controlling Forex price movements. This does make me a little uncomfortable. In the background we have the JPY. The USD/JPY is once again on the brink and the JPY could blow the FX market apart with a drop through 105.00.\r\n\r\nEven with all the above, the PREMIUM SERVICE pip tally for the year so far is at 5,865 to the end of May.\r\n\r\nIn addition; 81% of all trade completed in May were profitable. Year to date this is 77%. The 2016 total pips generated to the end of May were 523 pips ahead of the May 31<sup>st</sup> 2015 total.\r\n\r\nLooking forward, we have Yellen, Stevens, Draghi, Wheeler and Poloz all speaking this week. All we needed was Carney and we would be eligible for a free set of cut glass from your local Shell gas station. We should expect some directional news as a result of these speeches but I am not holding my breath, as I believe it’s all a waiting game to follow the FED, but you never know. The antipodean’s namely the RBA and RBNZ may surprise the market with a bazooka should they both cut rates.\r\n\r\nI am continuing with my approach of smaller position sizes and wider stops across all trade styles.\r\n\r\nWhen I set up POSITION TRADES, I take much longer-term views with wider stops, based upon not just weekly ATR’s but in many cases monthly ATR’s. The multiple positions that I had hoped would evolve, just haven’t as yet, as the market has not allowed this on the terms that I want.\r\n\r\nHaving wider stops with FUNDAMENTAL TRADES is a little weird although last year pre POSITION TRADES these trades were traded more with cross rate pairs and wider stops were the order of the day. It is managing the TRADE SIZE, which is crucial to the success of these, and the RADAR TRADES. I think it will be after the US election when I revert back to normal with POSITION SIZES.\r\n\r\nAs I have stated on so many occasions in blogs and have dotted about the website in various locations, it is all about MANAGING RISK. The drawdowns can be larger than usual but the smaller POSITION SIZES give you greater enhanced trade flexibility, which frankly I think at the moment is a pre-requisite for trading Forex effectively to give you longevity.\r\n\r\nLike I said last week, we are in the silly season and we have to recognize the changes and adapt.\r\n\r\n&nbsp;\r\n\r\nNON-FARM PAYROLL (NFP):\r\n\r\nI had a few conversations / chats with a couple of subscribers prior to and after NFP with regards to my PLAN A and PLAN B.\r\n\r\nBasically PLAN A was to react to continued USD strength and PLAN B was to react to a weaker number… with reference to a couple of trades I wish that I had a PLAN C!!\r\n\r\nOne thing that can always be counted on is that I will always have a PLAN or STRATEGY as I am approaching the market, whether the said STRATEGY works out the way it was intended is always debatable.\r\n\r\nMy goal through PLAN B was to let existing LIMIT/STOP ORDERS trigger if prices reached their entry levels, plus the second goal was to add additional trades to existing positions at key Fibonacci / pivot points looking for moves back in the trend.\r\n\r\nThe weakness in the USD after NFP was as usual in Forex totally unforgiving and I think these “wash out” moves as I sometimes refer to them as are healthy for the markets overall but maybe not for individual traders. When I say healthy, I mean from a re-balancing of positions perspective. Having said that, it was a cruel day for a great number of traders. I know of a few buddies who are holding huge long USD/CAD and USD/CHF trades at the moment. They have very twitchy bottoms.\r\n\r\nAs you know, I was very busy moving stops to protect trades after the NFP release. There are certain pairs that I want to maintain a position with<strong>,</strong> either long or short and I want to add further trades (as mentioned above) in line with my overall fundamental /macro thoughts.\r\n\r\nLooking specifically at the trades that are now open moving into next week, here are my immediate thoughts: -\r\n\r\nPOS033 (EUR/GBP): see the comments below for FUN363.\r\n\r\nPOS035 (AUD/USD): Unless we see a pullback in Asia I fear the 0.7400 stop will be at risk. On the Daily chart we have a 38% retracement at 0.7406. This looks like a re-test of this level and there will be a stop run at this level being just over a psychological round number. The entry on this pair was back at 0.7200 and whilst it is a longer-term trade, I do not want to go much further as we have the RBA in the small hours (for me) on Tuesday morning. My thoughts are to elevate the stop to 0.7460.\r\n\r\nPOS036 (USD/CHF): This stop may have to go to 0.9620-40. My thought process at the moment is to add another position as close to the lows as well as another FUNDAMENTAL long trade. This all depends on the EUR/USD, which squeezed on very low liquidity into the close last Friday.\r\n\r\nFT699 (NZD/USD): The RBNZ meets during the week and I am 50-50 on whether the proposed cut in interest rates will happen. If I were to move this stop it would be a 0.7060 move to place it above the recent trend highs. We have the 76.4% Fibonacci resistance at current levels of 0.6964. This may hold; my thoughts that the NZD is way over-valued are irrelevant but I would hate to give up such a great price level entry. My thoughts are; I may take a small loss on this trade and look to re-enter above 0.7000. I have FUN362 to consider in my options as well.\r\n\r\nFUN362 (NZD/USD): I may have to move the stop above recent trend highs of 0.7054. This trade has annoyed me from the outset. It has not acted well at all, very frustrating. This trade has only a 25% position size on a already reduced position sizing plan that I have in place (see previous blogs) so on normal parameters it’s only about a 10% sized trade at the moment\r\n\r\nFUN363 (EUR/GBP): I am in three minds with this pair. BREXIT POLLS over the weekend and Sunday papers in the UK will drive this pair’s direction more than anything. It may have one last move to 0.7930, which is just beyond strong horizontal resistance.\r\n\r\nFUN365 (USD/CHF): see POS036 for thoughts and action plan.\r\n\r\n&nbsp;\r\n\r\n<strong>CHARTS THAT ARE ATTRACTING MY INTEREST:</strong>\r\n\r\nI am not looking at charts until Monday evening after the close of the North American session. I am NOT interested in entering any new trades until NFP has worked its way through all markets 100%.\r\n\r\nIf there were no BREXIT I would be looking to get long GBP/CHF. I am looking and may be tempted with a small long position. But at the moment the daily EUR/GBP green candle scares the crap out of me.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>TRADES REVIEW:</strong>\r\n\r\nAs requested by a few of you I have re-instated the trade by trade excel summary sheets.\r\n\r\nThe excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -\r\n\r\n<strong> <a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/LIVE-TRADES-05062016.png\"><img class=\"aligncenter size-full wp-image-8023\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/LIVE-TRADES-05062016.png\" alt=\"LIVE TRADES 05062016\" width=\"801\" height=\"585\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n 	<li><strong> COMING UP THIS WEEK:</strong></li>\r\n</ol>\r\n<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>\r\n\r\n(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href=\"http://www.forexfactory.com\">www.forexfactory.com</a> and <a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: USD – Janet Yellen (FED) speaks.\r\n\r\nTUESDAY: AUD – RBA Rate Statement.\r\nTUESDAY: CNY – Trade Balance.\r\n\r\nWEDNESDAY: NZD – RBNZ Statement, Press Conference &amp; Wheeler speaks.\r\n\r\nTHURSDAY: EUR – Mario Draghi (ECB) speaks.\r\nTHURSDAY: CAD – Stephen Poloz (BOC) speaks.\r\n\r\nFRIDAY: CAD – Employment Data.\r\n<u>THE USD MAJORS – MY THOUGHTS (A REVIEW): </u>\r\n\r\n(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)\r\n\r\nMy comments are contained on the charts.\r\n\r\nEUR/USD - Weekly Closing Price: 1.1366\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8026\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/EURUSD-D-05062016-1024x481.png\" alt=\"EURUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nGBP/USD - Weekly Closing Price: 1.4510\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8027\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/GBPUSD-D-05062016-1024x481.png\" alt=\"GBPUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nAUD/USD - Weekly Closing Price: 0.7365\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8025\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/AUDUSD-D-05062016-1024x481.png\" alt=\"AUDUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nNZD/USD - Weekly Closing Price: 0.6953\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDUSD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8028\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/NZDUSD-D-05062016-1024x481.png\" alt=\"NZDUSD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/CAD - Weekly Closing Price: 1.2935\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCAD-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8029\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCAD-D-05062016-1024x481.png\" alt=\"USDCAD D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/CHF - Weekly Closing Price: 0.9752\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCHF-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8030\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDCHF-D-05062016-1024x481.png\" alt=\"USDCHF D 05062016\" width=\"1024\" height=\"481\" /></a>\r\n\r\nUSD/JPY - Weekly Closing Price: 106.53\r\n\r\n<u><a href=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDJPY-D-05062016.png\"><img class=\"aligncenter size-large wp-image-8031\" src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/USDJPY-D-05062016-1024x481.png\" alt=\"USDJPY D 05062016\" width=\"1024\" height=\"481\" /></a></u>\r\n\r\n<u> </u>\r\n\r\n<u> </u>\r\n\r\n<u>MY CLOSING THOUGHTS:</u>\r\n\r\nIt\'s all about central banks again this week.\r\n\r\nThe RBA and RBNZ have interest rate decisions and accompanying rate statements. Graeme Wheeler has a press conference; so for those readers who find it hard to sleep, just log in and watch. Holy Mother of God snooze fest city, it is true accountancy at work.\r\n\r\nWe also have Janet Yellen (FED), Mario Draghi (ECB) and Stephen Poloz (BOC) unleashing their words of wisdom on the markets this week.\r\n\r\nI am expecting something from all of the above, but I am not holding my breath. Of late I have witnessed great disappointment in central bank speak, I am now fully in the camp that nothing major will happen for fear that the FED will undermine local activity. I cannot see the FED moving on rates until at least July unless Yellen has another dithering bout once again.\r\n\r\nAs usual…\r\n\r\nAlways remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.\r\n\r\nTake care,\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n\r\n<a href=\"http://weeklyfxdrivethru.com/disclaimer/\">http://weeklyfxdrivethru.com/disclaimer/</a>\r\n\r\nDATE: 4<sup>th</sup> June 2016\r\nBLOG VERSION: #105 PREMIUM SERVICE VERSION\r\n\r\n<strong> </strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','WHERE NEXT FOR THE USD?','','inherit','closed','closed','','8032-revision-v1','','','2016-06-04 09:32:08','2016-06-04 14:32:08','',8032,'http://weeklyfxdrivethru.com/8032-revision-v1/',0,'revision','',0),(8037,1,'2016-06-10 14:15:51','2016-06-10 19:15:51','','PREM SERV PROFITS1 11062016','','inherit','open','closed','','prem-serv-profits1-11062016','','','2016-06-10 14:15:51','2016-06-10 19:15:51','',0,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/06/PREM-SERV-PROFITS1-11062016.png',0,'attachment','image/png',0),(7987,16,'2016-05-31 08:16:18','2016-05-31 13:16:18','','Hantec-banner','','inherit','open','closed','','hantec-banner','','','2016-05-31 08:16:40','2016-05-31 13:16:40','',0,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/Hantec-banner.jpeg',0,'attachment','image/jpeg',0),(8774,16,'2016-12-05 10:50:59','2016-12-05 15:50:59','<section class=\"clearfix\">\r\n<div class=\"one-third first\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">HANTEC MARKETS</h3><p><a href=\"http://go.pardot.com/l/68492/2016-04-01/41mtb1\" target=\"_blank\"><img src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/Hantec-banner.jpeg\" alt=\"Hantec Markets\"/></a></p>\r\n</div>\r\n\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">VANTAGE FX</h3>\r\n<p><a href=\"https://www.vantagefx.com/get-trading/open-live-forex-account/?affid=1702\" title=\"VANTAGE FX\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/Banner_120x600.jpg\" alt=\"Vantage FX\"/></a>\r\n</p>\r\n</div>\r\n\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; \">Trading Computers Supplier</h3>\r\n<h3 style=\"margin-bottom:40px;margin-top:20px;\">EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</div>\r\n\r\n\r\n\r\n</section>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n','FX Brokers','','inherit','closed','closed','','2704-revision-v1','','','2016-12-05 10:50:59','2016-12-05 15:50:59','',2704,'http://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(7988,16,'2016-05-31 08:20:12','2016-05-31 13:20:12','<section class=\"clearfix\">\r\n<div class=\"one-third first\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">HANTEC MARKETS</h3><p><a href=\"http://go.pardot.com/l/68492/2016-04-01/41mtb1\" target=\"_blank\"><img src=\"http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/Hantec-banner.jpeg\" alt=\"Hantec Markets\"/></a></p>\r\n</div>\r\n\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">VANTAGE FX</h3>\r\n<p><a href=\"https://www.vantagefx.com/get-trading/open-live-forex-account/?affid=1702\" title=\"VANTAGE FX\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/Banner_120x600.jpg\" alt=\"Vantage FX\"/></a>\r\n</p>\r\n</div>\r\n\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">BLACKWELL GLOBAL</h3>\r\n<p><a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"120\"  border=\"0\" />\r\n</a></p>\r\n\r\n<div class=\"pdf-links\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a>\r\n</div>\r\n\r\n</div>\r\n\r\n\r\n</section>\r\n\r\n<section class=\"clearfix\">\r\n<div class=\"one-third first\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">FX PRO</h3>\r\n<p><a href=\"https://direct.fxpro.com/ib/en/usd/1044511/real\" title=\"FX Pro banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/120x600_FxPro_banner_v1.gif\" alt=\"FX Pro banner\"/></a>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third \">\r\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; \">Trading Computers Supplier</h3>\r\n<h3 style=\"margin-bottom:40px;margin-top:20px;\">EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</div>\r\n\r\n<div class=\"one-third\"></div>\r\n</section>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n','FX Brokers','','inherit','closed','closed','','2704-revision-v1','','','2016-05-31 08:20:12','2016-05-31 13:20:12','',2704,'http://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(7989,16,'2016-05-31 08:28:52','2016-05-31 13:28:52','<img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/1-Month-Subscriptions-300x300.jpg\" alt=\"1-Month-Subscriptions\" width=\"300\" height=\"300\" class=\"alignleft size-medium wp-image-7744\" /><h3> Please make sure you have read the <a href=\"./terms-and-conditions/\" title=\"Terms and Conditions\" target=\"_blanc\">Terms and Conditions</a> of this subscription before signing up.</h3>\r\n[s2Member-Pro-Stripe-Form level=\"3\" ccaps=\"\" desc=\"$240.00 CAD / One Time (for 1 month access, non-recurring, no trial)\" cc=\"CAD\" custom=\"weeklyfxdrivethru.com\" ta=\"0\" tp=\"0\" tt=\"D\" ra=\"240.00\" rp=\"1\" rt=\"M\" rr=\"BN\" coupon=\"\" accept_coupons=\"0\" default_country_code=\"US\" captcha=\"0\" /]','Premium Service 4 Weeks Subscription','','inherit','closed','closed','','7752-revision-v1','','','2016-05-31 08:28:52','2016-05-31 13:28:52','',7752,'http://weeklyfxdrivethru.com/7752-revision-v1/',0,'revision','',0),(7990,16,'2016-05-31 08:29:16','2016-05-31 13:29:16','<img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/3-Months-Subscription-300x300.jpg\" alt=\"3-Months-Subscription\" width=\"300\" height=\"300\" class=\"alignleft size-medium wp-image-7745\" /><h3>Please make sure you have read the <a href=\"./terms-and-conditions/\" title=\"Terms and Conditions\" target=\"_blanc\">Terms and Conditions</a> of this subscription before signing up.</h3>\r\n[s2Member-Pro-Stripe-Form level=\"3\" ccaps=\"\" desc=\"$500.00 CAD / One Time (for 3 month access, non-recurring, no trial)\" cc=\"CAD\" custom=\"weeklyfxdrivethru.com\" ta=\"0\" tp=\"0\" tt=\"D\" ra=\"500.00\" rp=\"3\" rt=\"M\" rr=\"BN\" coupon=\"\" accept_coupons=\"0\" default_country_code=\"US\" captcha=\"0\" /]','Premium Service 10 Weeks Subscription','','inherit','closed','closed','','7756-revision-v1','','','2016-05-31 08:29:16','2016-05-31 13:29:16','',7756,'http://weeklyfxdrivethru.com/7756-revision-v1/',0,'revision','',0),(7991,16,'2016-05-31 08:29:41','2016-05-31 13:29:41','<img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/05/6-Months-Subscriptions-300x300.jpg\" alt=\"6-Months-Subscriptions\" width=\"300\" height=\"300\" class=\"alignleft size-medium wp-image-7746\" /><h3> Please make sure you have read the <a href=\"./terms-and-conditions/\" title=\"Terms and Conditions\" target=\"_blanc\">Terms and Conditions</a> of this subscription before signing up.</h3>\r\n[s2Member-Pro-Stripe-Form level=\"3\" ccaps=\"\" desc=\"$750.00 CAD / One Time (for 6 month access, non-recurring, no trial)\" cc=\"CAD\" custom=\"weeklyfxdrivethru.com\" ta=\"0\" tp=\"0\" tt=\"D\" ra=\"750.00\" rp=\"6\" rt=\"M\" rr=\"BN\" coupon=\"\" accept_coupons=\"0\" default_country_code=\"US\" captcha=\"0\" /]','Premium Service 20 Weeks Subscription','','inherit','closed','closed','','7759-revision-v1','','','2016-05-31 08:29:41','2016-05-31 13:29:41','',7759,'http://weeklyfxdrivethru.com/7759-revision-v1/',0,'revision','',0),(7992,1,'2016-05-31 13:40:56','2016-05-31 18:40:56','<section class=\"one-sixth first\">\n<h4>Completed Consolidated Performance Analysis Archives\n(Previously RISK/REWARD analysis):</h4>\n</section><section class=\"five-sixths\">\n<div class=\"one-half first\">\n<h2>This Year</h2>\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/04/RISK-REWARD-APRIL2016.png\"><img class=\"aligncenter size-full wp-image-7707\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/04/RISK-REWARD-APRIL2016.png\" alt=\"RISK-REWARD APRIL2016\" width=\"415\" height=\"525\" /></a>\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n</div>\n<div class=\"one-half\">\n<h2>PREVIOUS YEARS\n<a href=\"https://weeklyfxdrivethru.com/completed-trades-risk-reward-analysis/ps-risk-reward-31122015/\" rel=\"attachment wp-att-7054\"><img class=\"aligncenter wp-image-7054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31122015.png\" alt=\"PS RISK REWARD 31122015\" width=\"645\" height=\"796\" /></a>\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter wp-image-4964\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"645\" height=\"804\" /></a></h2>\n</div>\n</section>','CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5006-autosave-v1','','','2016-05-31 13:40:56','2016-05-31 18:40:56','',5006,'http://weeklyfxdrivethru.com/5006-autosave-v1/',0,'revision','',0),(7993,1,'2016-05-31 13:39:39','2016-05-31 18:39:39','<section class=\"one-sixth first\">\r\n<h4>Completed Consolidated Performance Analysis Archives:</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year</h2>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/04/RISK-REWARD-APRIL2016.png\"><img class=\"aligncenter size-full wp-image-7707\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/04/RISK-REWARD-APRIL2016.png\" alt=\"RISK-REWARD APRIL2016\" width=\"415\" height=\"525\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS\r\n<a href=\"https://weeklyfxdrivethru.com/completed-trades-risk-reward-analysis/ps-risk-reward-31122015/\" rel=\"attachment wp-att-7054\"><img class=\"aligncenter wp-image-7054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31122015.png\" alt=\"PS RISK REWARD 31122015\" width=\"645\" height=\"796\" /></a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter wp-image-4964\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"645\" height=\"804\" /></a></h2>\r\n</div>\r\n</section>','CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5006-revision-v1','','','2016-05-31 13:39:39','2016-05-31 18:39:39','',5006,'http://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(7994,1,'2016-05-31 13:41:04','2016-05-31 18:41:04','<section class=\"one-sixth first\">\r\n<h4>Completed Consolidated Performance Analysis Archives\r\n(Previously RISK/REWARD analysis):</h4>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year</h2>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/04/RISK-REWARD-APRIL2016.png\"><img class=\"aligncenter size-full wp-image-7707\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2016/04/RISK-REWARD-APRIL2016.png\" alt=\"RISK-REWARD APRIL2016\" width=\"415\" height=\"525\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n</div>\r\n<div class=\"one-half\">\r\n<h2>PREVIOUS YEARS\r\n<a href=\"https://weeklyfxdrivethru.com/completed-trades-risk-reward-analysis/ps-risk-reward-31122015/\" rel=\"attachment wp-att-7054\"><img class=\"aligncenter wp-image-7054\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/12/PS-RISK-REWARD-31122015.png\" alt=\"PS RISK REWARD 31122015\" width=\"645\" height=\"796\" /></a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter wp-image-4964\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"645\" height=\"804\" /></a></h2>\r\n</div>\r\n</section>','CONSOLIDATED PERFORMANCE ANALYSIS','','inherit','closed','closed','','5006-revision-v1','','','2016-05-31 13:41:04','2016-05-31 18:41:04','',5006,'http://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(2929,16,'2014-01-16 11:13:54','2014-01-16 16:13:54','Thank you for your payment. \r\nYour transaction has been completed, and a receipt for your purchase has been emailed to you.\r\nYou may log into your account at <a href=\"www.paypal.com\">PayPal</a> to view details of this transaction.','Thank you','','publish','open','closed','','thank','','','2014-01-16 11:14:56','2014-01-16 16:14:56','',0,'https://weeklyfxdrivethru.com/?page_id=2929',0,'page','',0),(3028,16,'2014-01-18 09:49:17','2014-01-18 14:49:17','','Blog-dates-Jan-18-2014','','inherit','open','closed','','blog-dates-jan-18-2014','','','2014-01-18 09:49:17','2014-01-18 14:49:17','',2772,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Blog-dates-Jan-18-2014.jpg',0,'attachment','image/jpeg',0),(3029,16,'2014-01-18 09:49:30','2014-01-18 14:49:30','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Blog-dates-Jan-18-2014.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/Blog-dates-Jan-18-2014.jpg\" alt=\"Blog-dates-Jan-18-2014\" width=\"660\" height=\"1018\" class=\"alignnone size-full wp-image-3028\" /></a>','Blog Dates','','inherit','open','closed','','2772-revision-v1','','','2014-01-18 09:49:30','2014-01-18 14:49:30','',2772,'https://weeklyfxdrivethru.com/2772-revision-v1/',0,'revision','',0),(3333,1,'2014-03-07 17:23:08','2014-03-07 22:23:08','','PLANNING YOUR TRADES (2.0)','','inherit','open','closed','','planning-your-trades-2-0','','','2014-03-07 17:23:08','2014-03-07 22:23:08','',0,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf',0,'attachment','application/pdf',0),(3042,1,'2014-01-18 13:13:24','2014-01-18 18:13:24','<h2>1. INTRODUCTION:</h2>\r\n\r\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\r\n\r\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\r\n\r\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\r\n\r\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\r\n\r\n<h2>2. RADAR AND FLASH TRADES TRADING SUMMARY:</h2>\r\n<h3>JANUARY 2014 and YEAR to date:</h3>\r\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a>\r\n\r\n\r\n<h3>PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</h3>\r\n<h5>1 x MICRO-LOT:\r\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</h5>\r\n<h5>1 x MINI-LOT:\r\n23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</h5>\r\n<h5>1 x STANDARD LOT:\r\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a>\r\n<h3>PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</h3>\r\n</h5><h5>1 x MICRO-LOT:\r\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</h5>\r\n<h5>1 x MINI-LOT:\r\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</h5>\r\n<h5>1 x STANDARD LOT:\r\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</h5>\r\n\r\n<h3>COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE JANUARY 2014…SO FAR:</h3>\r\n<h5>TRADING MICRO-LOTS:\r\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</h5>\r\n<h5>TRADING MINI-LOTS:\r\n33 trades at $1.00 each = $33.00 risk for a $230.10 reward.</h5>\r\n<h5> TRADING STANDARD LOTS:\r\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</h5>\r\n\r\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\r\n\r\n\r\n<h2>3. DETAILS OF THE PREMIUM SERVICE</h2>\r\n\r\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\r\n\r\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\r\n\r\nI am hoping that the following extended version will answer all of the questions.\r\n\r\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\r\n\r\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\r\n\r\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\r\n\r\nWhy two trade types and what do they mean?\r\n\r\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\r\n\r\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\r\n\r\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\r\n\r\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\r\n\r\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\r\n\r\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\r\n\r\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\r\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\r\n\r\nThe format for the PREMIUM SERVICE will be as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\r\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\r\n(This will be my comments on the macro level views I have at the time)</li>\r\n	<li>TRADERS TOPICS.\r\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>THE TRADING STRATEGY.\r\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\r\n<h4>Placing Stops\r\nStrategies on when to enter and exit trades\r\nWorking with a Trade Plan and what is a Trade Plan?\r\nRisk Assessment\r\nWhen to fade trades\r\nHow to cost average effectively\r\nHow to use Trade Zones effectively - Buy Zones and Sell zones\r\nWorking with Fibonacci levels\r\nHow to find a good broker to partner with\r\nBasic Chart analysis</h4>\r\n\r\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\r\n\r\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\r\n\r\nI trade currencies to make money.\r\n\r\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\r\n\r\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\r\n\r\n<h4>FUNDAMENTALS MATTER TO ME\r\nI TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS\r\nI TRADE LOW RISK\r\nI DO NOT CHASE MARKETS\r\nI LIKE THE TRADES TO COME TO ME\r\nI AM NOT A GREEDY TRADER\r\nI LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS\r\nI USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES\r\nPLUS\r\nMY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS\r\nI USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</h4>\r\n\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\r\n\r\n<h6>What are the subscription costs?</h6>\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n\r\n<h4>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week)\r\n20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)\r\n10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week)\r\n(ALL FEES ARE IN USD)</h4>\r\n\r\n\r\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\r\n\r\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\r\n\r\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\r\n\r\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\r\n<h3><a href=\"mailto:premiumservice@thepipaccumulator.com\">premiumservice@weeklyfxdrivethru.com</a></h3>\r\n<h2>4. MY CURRENT LIVE TRADES:</h2>\r\n\r\nFLASH TRADES:\r\n\r\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\r\n<h4>REFERENCE #:FT08\r\nPAIR: USD/CAD\r\nLONG /SHORT: LONG\r\nENTRY / COST AVERAGE: 0.1.0966\r\nTRADE SIZE: 20%\r\nSTOP LOSS: 0.1.0840\r\nTARGET / LIMIT: 1.1250\r\nWEEKLY CLOSING PRICE: 1.0959\r\nPRESENT POSITION: -7 pips</h4>\r\n\r\n<h2>5. TRADES THAT ARE ON MY RADAR:</h2>\r\n\r\nI have no trades on my radar in view of the U.S. holidays.\r\n\r\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\r\n\r\n\r\n\r\n<h2>6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</h2>\r\n\r\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\r\n\r\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\r\n\r\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\r\n\r\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\r\n\r\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\r\n\r\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\r\n\r\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\r\n\r\n<h2>7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</h2>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: NZD – CPi.\r\n\r\nTUESDAY: AUD – CPi.\r\n\r\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\r\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: CAD – Core Retail Sales.\r\n\r\nFRIDAY: CAD – Core CPi.\r\n\r\n\r\n\r\n<h2>9. FINAL THOUGHTS:</h2>\r\n\r\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\r\n\r\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 18<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\n\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nStockTwits; thepipaccumulator','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','publish','open','closed','','premium-service-now-open-ready-subscribers','','','2014-01-22 18:34:22','2014-01-22 23:34:22','',0,'https://weeklyfxdrivethru.com/?p=3042',0,'post','',0),(3043,1,'2014-01-18 13:09:43','2014-01-18 18:09:43','18.01.2014<span style=\"line-height: 1.5em;\"> </span>\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\r\n\r\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\r\n\r\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\r\n\r\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\r\n\r\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\r\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n<p align=\"center\"></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n<span style=\"line-height: 1.5em;\">23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</span></p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.</p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n33 trades at $1.00 each = $33.00 risk for a $23.10 reward.</p>\r\n<p align=\"center\"> TRADING STANDARD LOTS:\r\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</p>\r\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. DETAILS OF THE PREMIUM SERVICE\r\n</span></b>\r\n\r\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\r\n\r\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVIVE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\r\n\r\nI am hoping that the following extended version will answer all of the questions.\r\n\r\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\r\n\r\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\r\n\r\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\r\n\r\nWhy two trade types and what do they mean?\r\n\r\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\r\n\r\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\r\n\r\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\r\n\r\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\r\n\r\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\r\n\r\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\r\n\r\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\r\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\r\n\r\nThe format for the PREMIUM SERVICE will be as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\r\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\r\n(This will be my comments on the macro level views I have at the time)</li>\r\n	<li>TRADERS TOPICS.\r\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>THE TRADING STRATEGY.\r\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\r\n<p align=\"center\"><b>Placing Stops</b>\r\n<b>Strategies on when to enter and exit trades</b>\r\n<b>Working with a Trade Plan and</b> <b>what is a Trade Plan?</b>\r\n<b>Risk Assessment</b>\r\n<b>When to fade trades</b>\r\n<b>How to cost average effectively</b>\r\n<b>How to use Trade Zones effectively - Buy Zones and Sell zones</b>\r\n<b>Working with Fibonacci levels</b>\r\n<b>How to find a good broker to partner with</b>\r\n<b>Basic Chart analysis</b></p>\r\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\r\n\r\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\r\n\r\nI trade currencies to make money.\r\n\r\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\r\n\r\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\r\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\r\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\r\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\r\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\r\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\r\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\r\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\r\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong><strong> </strong></p>\r\n<p align=\"center\"><strong>PLUS</strong></p>\r\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\r\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\r\n\r\nWhat are the subscription costs?\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b> </b></p>\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)  </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\n&nbsp;\r\n\r\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\r\n\r\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\r\n\r\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\r\n\r\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">premiumservice@weeklyfxdrivethru.com</span></b></p>\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nFLASH TRADES:\r\n\r\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\r\n<p style=\"text-align: center;\"><strong>REFERENCE #: FT08</strong>\r\n<strong>PAIR: USD/CAD</strong>\r\n<strong>LONG /SHORT: LONG</strong>\r\n<strong>ENTRY / COST AVERAGE: 0.1.0966</strong>\r\n<strong>TRADE SIZE: 20%</strong>\r\n<strong>STOP LOSS: 0.1.0840</strong>\r\n<strong>TARGET / LIMIT: 1.1250</strong>\r\n<strong>WEEKLY CLOSING PRICE: 1.0959</strong>\r\n<strong>PRESENT POSITION: -7 pips</strong></p>\r\n<p align=\"center\"></p>\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nI have no trades on my radar in view of the U.S. holidays.\r\n\r\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\r\n\r\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\r\n\r\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\r\n\r\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\r\n\r\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\r\n\r\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\r\n\r\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: NZD – CPi.\r\n\r\nTUESDAY: AUD – CPi.\r\n\r\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\r\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: CAD – Core Retail Sales.\r\n\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\r\n\r\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 18<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-revision-v1','','','2014-01-18 13:09:43','2014-01-18 18:09:43','',3042,'https://weeklyfxdrivethru.com/3042-revision-v1/',0,'revision','',0),(3132,16,'2014-01-22 18:34:22','2014-01-22 23:34:22','<h2>1. INTRODUCTION:</h2>\r\n\r\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\r\n\r\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\r\n\r\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\r\n\r\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\r\n\r\n<h2>2. RADAR AND FLASH TRADES TRADING SUMMARY:</h2>\r\n<h3>JANUARY 2014 and YEAR to date:</h3>\r\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a>\r\n\r\n\r\n<h3>PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</h3>\r\n<h5>1 x MICRO-LOT:\r\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</h5>\r\n<h5>1 x MINI-LOT:\r\n23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</h5>\r\n<h5>1 x STANDARD LOT:\r\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a>\r\n<h3>PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</h3>\r\n</h5><h5>1 x MICRO-LOT:\r\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</h5>\r\n<h5>1 x MINI-LOT:\r\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</h5>\r\n<h5>1 x STANDARD LOT:\r\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</h5>\r\n\r\n<h3>COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE JANUARY 2014…SO FAR:</h3>\r\n<h5>TRADING MICRO-LOTS:\r\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</h5>\r\n<h5>TRADING MINI-LOTS:\r\n33 trades at $1.00 each = $33.00 risk for a $230.10 reward.</h5>\r\n<h5> TRADING STANDARD LOTS:\r\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</h5>\r\n\r\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\r\n\r\n\r\n<h2>3. DETAILS OF THE PREMIUM SERVICE</h2>\r\n\r\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\r\n\r\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\r\n\r\nI am hoping that the following extended version will answer all of the questions.\r\n\r\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\r\n\r\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\r\n\r\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\r\n\r\nWhy two trade types and what do they mean?\r\n\r\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\r\n\r\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\r\n\r\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\r\n\r\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\r\n\r\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\r\n\r\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\r\n\r\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\r\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\r\n\r\nThe format for the PREMIUM SERVICE will be as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\r\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\r\n(This will be my comments on the macro level views I have at the time)</li>\r\n	<li>TRADERS TOPICS.\r\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>THE TRADING STRATEGY.\r\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\r\n<h4>Placing Stops\r\nStrategies on when to enter and exit trades\r\nWorking with a Trade Plan and what is a Trade Plan?\r\nRisk Assessment\r\nWhen to fade trades\r\nHow to cost average effectively\r\nHow to use Trade Zones effectively - Buy Zones and Sell zones\r\nWorking with Fibonacci levels\r\nHow to find a good broker to partner with\r\nBasic Chart analysis</h4>\r\n\r\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\r\n\r\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\r\n\r\nI trade currencies to make money.\r\n\r\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\r\n\r\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\r\n\r\n<h4>FUNDAMENTALS MATTER TO ME\r\nI TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS\r\nI TRADE LOW RISK\r\nI DO NOT CHASE MARKETS\r\nI LIKE THE TRADES TO COME TO ME\r\nI AM NOT A GREEDY TRADER\r\nI LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS\r\nI USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES\r\nPLUS\r\nMY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS\r\nI USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</h4>\r\n\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\r\n\r\n<h6>What are the subscription costs?</h6>\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n\r\n<h4>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week)\r\n20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)\r\n10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week)\r\n(ALL FEES ARE IN USD)</h4>\r\n\r\n\r\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\r\n\r\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\r\n\r\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\r\n\r\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\r\n<h3><a href=\"mailto:premiumservice@thepipaccumulator.com\">premiumservice@weeklyfxdrivethru.com</a></h3>\r\n<h2>4. MY CURRENT LIVE TRADES:</h2>\r\n\r\nFLASH TRADES:\r\n\r\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\r\n<h4>REFERENCE #:FT08\r\nPAIR: USD/CAD\r\nLONG /SHORT: LONG\r\nENTRY / COST AVERAGE: 0.1.0966\r\nTRADE SIZE: 20%\r\nSTOP LOSS: 0.1.0840\r\nTARGET / LIMIT: 1.1250\r\nWEEKLY CLOSING PRICE: 1.0959\r\nPRESENT POSITION: -7 pips</h4>\r\n\r\n<h2>5. TRADES THAT ARE ON MY RADAR:</h2>\r\n\r\nI have no trades on my radar in view of the U.S. holidays.\r\n\r\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\r\n\r\n\r\n\r\n<h2>6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</h2>\r\n\r\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\r\n\r\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\r\n\r\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\r\n\r\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\r\n\r\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\r\n\r\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\r\n\r\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\r\n\r\n<h2>7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</h2>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: NZD – CPi.\r\n\r\nTUESDAY: AUD – CPi.\r\n\r\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\r\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: CAD – Core Retail Sales.\r\n\r\nFRIDAY: CAD – Core CPi.\r\n\r\n\r\n\r\n<h2>9. FINAL THOUGHTS:</h2>\r\n\r\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\r\n\r\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 18<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\n\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nStockTwits; thepipaccumulator','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-revision-v1','','','2014-01-22 18:34:22','2014-01-22 23:34:22','',3042,'https://weeklyfxdrivethru.com/3042-revision-v1/',0,'revision','',0),(3126,16,'2014-01-22 15:59:02','2014-01-22 20:59:02','18.01.2014\n<strong><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></strong>\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\n\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\n\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\n\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\n\n<span style=\"text-decoration: underline;\"><strong>2. RADAR AND FLASH TRADES TRADING SUMMARY:</strong></span>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\n\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\n\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\n\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\n\n&nbsp;\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a></span></b></p>\n<p align=\"center\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\n<p align=\"center\">1 x MICRO-LOT:\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</p>\n<p align=\"center\">1 x MINI-LOT:\n<span style=\"line-height: 1.5em;\">23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</span></p>\n<p align=\"center\">1 x STANDARD LOT:\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.</p>\n&nbsp;\n<p style=\"text-align: center;\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</span></b></p>\n<p align=\"center\">1 x MICRO-LOT:\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</p>\n<p align=\"center\">1 x MINI-LOT:\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</p>\n<p align=\"center\">1 x STANDARD LOT:\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\n<p align=\"center\">TRADING MICRO-LOTS:\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</p>\n<p align=\"center\">TRADING MINI-LOTS:\n33 trades at $1.00 each = $33.00 risk for a $230.10 reward.</p>\n<p align=\"center\"> TRADING STANDARD LOTS:\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</p>\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\n\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">3. DETAILS OF THE PREMIUM SERVICE\n</span></b>\n\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\n\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\n\nI am hoping that the following extended version will answer all of the questions.\n\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\n\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\n\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\n\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\n\nWhy two trade types and what do they mean?\n\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\n\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\n\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\n\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\n\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\n\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\n\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\n\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\n<ol>\n	<li>INTRODUCTION.</li>\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\n	<li>FINAL THOUGHTS and COMMENTS.</li>\n</ol>\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\n\nThe format for the PREMIUM SERVICE will be as follows: -\n<ol>\n	<li>INTRODUCTION.</li>\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\n(This will be my comments on the macro level views I have at the time)</li>\n	<li>TRADERS TOPICS.\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\n	<li>THE TRADING STRATEGY.\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\n	<li>FINAL THOUGHTS and COMMENTS.</li>\n</ol>\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\n<p align=\"center\"><b>Placing Stops</b>\n<b>Strategies on when to enter and exit trades</b>\n<b>Working with a Trade Plan and</b> <b>what is a Trade Plan?</b>\n<b>Risk Assessment</b>\n<b>When to fade trades</b>\n<b>How to cost average effectively</b>\n<b>How to use Trade Zones effectively - Buy Zones and Sell zones</b>\n<b>Working with Fibonacci levels</b>\n<b>How to find a good broker to partner with</b>\n<b>Basic Chart analysis</b></p>\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\n\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\n\nI trade currencies to make money.\n\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\n\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong><strong> </strong></p>\n<p align=\"center\"><strong>PLUS</strong></p>\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\n\nWhat are the subscription costs?\n\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\n\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\n\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\n<p align=\"center\"><b> </b></p>\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)  </b></p>\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\n&nbsp;\n\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\n\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\n\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\n\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">premiumservice@weeklyfxdrivethru.com</span></b></p>\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\n\nFLASH TRADES:\n\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\n<p style=\"text-align: center;\"><strong>REFERENCE #:</strong><strong>FT08</strong></p>\n<p style=\"text-align: center;\"><strong>PAIR: USD/CAD</strong>\n<strong>LONG /SHORT: LONG</strong>\n<strong>ENTRY / COST AVERAGE: 0.1.0966</strong>\n<strong>TRADE SIZE: 20%</strong>\n<strong>STOP LOSS: 0.1.0840</strong>\n<strong>TARGET / LIMIT: 1.1250</strong>\n<strong>WEEKLY CLOSING PRICE: 1.0959</strong>\n<strong>PRESENT POSITION: -7 pips</strong></p>\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\n\nI have no trades on my radar in view of the U.S. holidays.\n\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\n\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\n\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\n\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\n\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\n\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\n\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\n\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\n\nSUNDAY: N/A\n\nMONDAY: NZD – CPi.\n\nTUESDAY: AUD – CPi.\n\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\n\nTHURSDAY: CAD – Core Retail Sales.\n\nFRIDAY: CAD – Core CPi.\n\n<b><span style=\"text-decoration: underline;\"> </span></b>\n\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\n\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\n\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\n\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\n\nScott Pickering\nThe Pip Accumulator\nSaturday January 18<sup>th</sup> 2014\n\nEMAIL / FOLLOW ME AT:\ndrivethru@weeklyfxdrivethru.com\nTwitter: @pipaccumulator\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\n\n&nbsp;','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-revision-v1','','','2014-01-22 15:59:02','2014-01-22 20:59:02','',3042,'https://weeklyfxdrivethru.com/3042-revision-v1/',0,'revision','',0),(3125,16,'2014-01-22 15:49:49','2014-01-22 20:49:49','[date]18.01.2014[/date]\r\n<h2>1. INTRODUCTION:</h2>\r\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\r\n\r\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\r\n\r\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\r\n\r\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\r\n\r\n<h2>2. RADAR AND FLASH TRADES TRADING SUMMARY:</h2>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\r\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a></span></b></p>\r\n<p align=\"center\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n<span style=\"line-height: 1.5em;\">23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</span></p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.</p>\r\n&nbsp;\r\n<p style=\"text-align: center;\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n33 trades at $1.00 each = $33.00 risk for a $230.10 reward.</p>\r\n<p align=\"center\"> TRADING STANDARD LOTS:\r\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</p>\r\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. DETAILS OF THE PREMIUM SERVICE\r\n</span></b>\r\n\r\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\r\n\r\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\r\n\r\nI am hoping that the following extended version will answer all of the questions.\r\n\r\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\r\n\r\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\r\n\r\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\r\n\r\nWhy two trade types and what do they mean?\r\n\r\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\r\n\r\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\r\n\r\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\r\n\r\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\r\n\r\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\r\n\r\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\r\n\r\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\r\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\r\n\r\nThe format for the PREMIUM SERVICE will be as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\r\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\r\n(This will be my comments on the macro level views I have at the time)</li>\r\n	<li>TRADERS TOPICS.\r\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>THE TRADING STRATEGY.\r\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\r\n<p align=\"center\"><b>Placing Stops</b>\r\n<b>Strategies on when to enter and exit trades</b>\r\n<b>Working with a Trade Plan and</b> <b>what is a Trade Plan?</b>\r\n<b>Risk Assessment</b>\r\n<b>When to fade trades</b>\r\n<b>How to cost average effectively</b>\r\n<b>How to use Trade Zones effectively - Buy Zones and Sell zones</b>\r\n<b>Working with Fibonacci levels</b>\r\n<b>How to find a good broker to partner with</b>\r\n<b>Basic Chart analysis</b></p>\r\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\r\n\r\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\r\n\r\nI trade currencies to make money.\r\n\r\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\r\n\r\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\r\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\r\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\r\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\r\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\r\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\r\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\r\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\r\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong><strong> </strong></p>\r\n<p align=\"center\"><strong>PLUS</strong></p>\r\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\r\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\r\n\r\nWhat are the subscription costs?\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b> </b></p>\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)  </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\n&nbsp;\r\n\r\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\r\n\r\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\r\n\r\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\r\n\r\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">premiumservice@weeklyfxdrivethru.com</span></b></p>\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nFLASH TRADES:\r\n\r\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\r\n<p style=\"text-align: center;\"><strong>REFERENCE #:</strong><strong>FT08</strong></p>\r\n<p style=\"text-align: center;\"><strong>PAIR: USD/CAD</strong>\r\n<strong>LONG /SHORT: LONG</strong>\r\n<strong>ENTRY / COST AVERAGE: 0.1.0966</strong>\r\n<strong>TRADE SIZE: 20%</strong>\r\n<strong>STOP LOSS: 0.1.0840</strong>\r\n<strong>TARGET / LIMIT: 1.1250</strong>\r\n<strong>WEEKLY CLOSING PRICE: 1.0959</strong>\r\n<strong>PRESENT POSITION: -7 pips</strong></p>\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nI have no trades on my radar in view of the U.S. holidays.\r\n\r\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\r\n\r\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\r\n\r\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\r\n\r\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\r\n\r\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\r\n\r\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\r\n\r\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: NZD – CPi.\r\n\r\nTUESDAY: AUD – CPi.\r\n\r\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\r\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: CAD – Core Retail Sales.\r\n\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\r\n\r\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 18<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n<h2></h2>','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-revision-v1','','','2014-01-22 15:49:49','2014-01-22 20:49:49','',3042,'https://weeklyfxdrivethru.com/3042-revision-v1/',0,'revision','',0),(3044,1,'2014-01-18 13:10:44','2014-01-18 18:10:44','18.01.2014<span style=\"line-height: 1.5em;\"> </span>\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\r\n\r\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\r\n\r\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\r\n\r\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\r\n\r\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\r\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a></span></b></p>\r\n<p align=\"center\"></p>\r\n<p align=\"center\"></p>\r\n<p align=\"center\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a></p>\r\n<p align=\"center\"></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n<span style=\"line-height: 1.5em;\">23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</span></p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.</p>\r\n&nbsp;\r\n<p style=\"text-align: center;\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n33 trades at $1.00 each = $33.00 risk for a $23.10 reward.</p>\r\n<p align=\"center\"> TRADING STANDARD LOTS:\r\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</p>\r\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. DETAILS OF THE PREMIUM SERVICE\r\n</span></b>\r\n\r\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\r\n\r\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVIVE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\r\n\r\nI am hoping that the following extended version will answer all of the questions.\r\n\r\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\r\n\r\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\r\n\r\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\r\n\r\nWhy two trade types and what do they mean?\r\n\r\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\r\n\r\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\r\n\r\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\r\n\r\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\r\n\r\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\r\n\r\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\r\n\r\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\r\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\r\n\r\nThe format for the PREMIUM SERVICE will be as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\r\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\r\n(This will be my comments on the macro level views I have at the time)</li>\r\n	<li>TRADERS TOPICS.\r\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>THE TRADING STRATEGY.\r\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\r\n<p align=\"center\"><b>Placing Stops</b>\r\n<b>Strategies on when to enter and exit trades</b>\r\n<b>Working with a Trade Plan and</b> <b>what is a Trade Plan?</b>\r\n<b>Risk Assessment</b>\r\n<b>When to fade trades</b>\r\n<b>How to cost average effectively</b>\r\n<b>How to use Trade Zones effectively - Buy Zones and Sell zones</b>\r\n<b>Working with Fibonacci levels</b>\r\n<b>How to find a good broker to partner with</b>\r\n<b>Basic Chart analysis</b></p>\r\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\r\n\r\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\r\n\r\nI trade currencies to make money.\r\n\r\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\r\n\r\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\r\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\r\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\r\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\r\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\r\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\r\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\r\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\r\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong><strong> </strong></p>\r\n<p align=\"center\"><strong>PLUS</strong></p>\r\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\r\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\r\n\r\nWhat are the subscription costs?\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b> </b></p>\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)  </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\n&nbsp;\r\n\r\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\r\n\r\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\r\n\r\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\r\n\r\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">premiumservice@weeklyfxdrivethru.com</span></b></p>\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nFLASH TRADES:\r\n\r\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\r\n<p style=\"text-align: center;\"><strong>REFERENCE #: FT08</strong>\r\n<strong>PAIR: USD/CAD</strong>\r\n<strong>LONG /SHORT: LONG</strong>\r\n<strong>ENTRY / COST AVERAGE: 0.1.0966</strong>\r\n<strong>TRADE SIZE: 20%</strong>\r\n<strong>STOP LOSS: 0.1.0840</strong>\r\n<strong>TARGET / LIMIT: 1.1250</strong>\r\n<strong>WEEKLY CLOSING PRICE: 1.0959</strong>\r\n<strong>PRESENT POSITION: -7 pips</strong></p>\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nI have no trades on my radar in view of the U.S. holidays.\r\n\r\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\r\n\r\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\r\n\r\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\r\n\r\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\r\n\r\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\r\n\r\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\r\n\r\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: NZD – CPi.\r\n\r\nTUESDAY: AUD – CPi.\r\n\r\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\r\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: CAD – Core Retail Sales.\r\n\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\r\n\r\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 18<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-revision-v1','','','2014-01-18 13:10:44','2014-01-18 18:10:44','',3042,'https://weeklyfxdrivethru.com/3042-revision-v1/',0,'revision','',0),(3045,1,'2014-01-18 13:13:02','2014-01-18 18:13:02','18.01.2014<span style=\"line-height: 1.5em;\"> </span>\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\r\n\r\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\r\n\r\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\r\n\r\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\r\n\r\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\r\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a></span></b></p>\r\n<p align=\"center\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n<span style=\"line-height: 1.5em;\">23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</span></p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.</p>\r\n&nbsp;\r\n<p style=\"text-align: center;\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n33 trades at $1.00 each = $33.00 risk for a $23.10 reward.</p>\r\n<p align=\"center\"> TRADING STANDARD LOTS:\r\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</p>\r\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. DETAILS OF THE PREMIUM SERVICE\r\n</span></b>\r\n\r\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\r\n\r\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\r\n\r\nI am hoping that the following extended version will answer all of the questions.\r\n\r\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\r\n\r\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\r\n\r\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\r\n\r\nWhy two trade types and what do they mean?\r\n\r\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\r\n\r\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\r\n\r\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\r\n\r\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\r\n\r\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\r\n\r\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\r\n\r\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\r\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\r\n\r\nThe format for the PREMIUM SERVICE will be as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\r\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\r\n(This will be my comments on the macro level views I have at the time)</li>\r\n	<li>TRADERS TOPICS.\r\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>THE TRADING STRATEGY.\r\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\r\n<p align=\"center\"><b>Placing Stops</b>\r\n<b>Strategies on when to enter and exit trades</b>\r\n<b>Working with a Trade Plan and</b> <b>what is a Trade Plan?</b>\r\n<b>Risk Assessment</b>\r\n<b>When to fade trades</b>\r\n<b>How to cost average effectively</b>\r\n<b>How to use Trade Zones effectively - Buy Zones and Sell zones</b>\r\n<b>Working with Fibonacci levels</b>\r\n<b>How to find a good broker to partner with</b>\r\n<b>Basic Chart analysis</b></p>\r\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\r\n\r\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\r\n\r\nI trade currencies to make money.\r\n\r\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\r\n\r\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\r\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\r\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\r\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\r\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\r\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\r\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\r\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\r\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong><strong> </strong></p>\r\n<p align=\"center\"><strong>PLUS</strong></p>\r\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\r\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\r\n\r\nWhat are the subscription costs?\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b> </b></p>\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)  </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\n&nbsp;\r\n\r\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\r\n\r\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\r\n\r\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\r\n\r\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">premiumservice@weeklyfxdrivethru.com</span></b></p>\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nFLASH TRADES:\r\n\r\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\r\n<p style=\"text-align: center;\"><strong>REFERENCE #:</strong><strong>FT08</strong></p>\r\n<p style=\"text-align: center;\"><strong>PAIR: USD/CAD</strong>\r\n<strong>LONG /SHORT: LONG</strong>\r\n<strong>ENTRY / COST AVERAGE: 0.1.0966</strong>\r\n<strong>TRADE SIZE: 20%</strong>\r\n<strong>STOP LOSS: 0.1.0840</strong>\r\n<strong>TARGET / LIMIT: 1.1250</strong>\r\n<strong>WEEKLY CLOSING PRICE: 1.0959</strong>\r\n<strong>PRESENT POSITION: -7 pips</strong></p>\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nI have no trades on my radar in view of the U.S. holidays.\r\n\r\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\r\n\r\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\r\n\r\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\r\n\r\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\r\n\r\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\r\n\r\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\r\n\r\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: NZD – CPi.\r\n\r\nTUESDAY: AUD – CPi.\r\n\r\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\r\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: CAD – Core Retail Sales.\r\n\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\r\n\r\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 18<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-revision-v1','','','2014-01-18 13:13:02','2014-01-18 18:13:02','',3042,'https://weeklyfxdrivethru.com/3042-revision-v1/',0,'revision','',0),(3047,1,'2014-01-18 19:41:37','2014-01-19 00:41:37','18.01.2014<span style=\"line-height: 1.5em;\"> </span>\n\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\n\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\n\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\n\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\n\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\n\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\n\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\n\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\n\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\n\n&nbsp;\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a></span></b></p>\n<p align=\"center\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\n<p align=\"center\">1 x MICRO-LOT:\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</p>\n<p align=\"center\">1 x MINI-LOT:\n<span style=\"line-height: 1.5em;\">23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</span></p>\n<p align=\"center\">1 x STANDARD LOT:\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.</p>\n&nbsp;\n<p style=\"text-align: center;\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</span></b></p>\n<p align=\"center\">1 x MICRO-LOT:\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</p>\n<p align=\"center\">1 x MINI-LOT:\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</p>\n<p align=\"center\">1 x STANDARD LOT:\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\n<p align=\"center\">TRADING MICRO-LOTS:\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</p>\n<p align=\"center\">TRADING MINI-LOTS:\n33 trades at $1.00 each = $33.00 risk for a $230.10 reward.</p>\n<p align=\"center\"> TRADING STANDARD LOTS:\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</p>\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\n\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">3. DETAILS OF THE PREMIUM SERVICE\n</span></b>\n\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\n\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\n\nI am hoping that the following extended version will answer all of the questions.\n\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\n\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\n\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\n\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\n\nWhy two trade types and what do they mean?\n\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\n\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\n\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\n\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\n\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\n\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\n\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\n\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\n<ol>\n	<li>INTRODUCTION.</li>\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\n	<li>FINAL THOUGHTS and COMMENTS.</li>\n</ol>\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\n\nThe format for the PREMIUM SERVICE will be as follows: -\n<ol>\n	<li>INTRODUCTION.</li>\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\n(This will be my comments on the macro level views I have at the time)</li>\n	<li>TRADERS TOPICS.\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\n	<li>THE TRADING STRATEGY.\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\n	<li>FINAL THOUGHTS and COMMENTS.</li>\n</ol>\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\n<p align=\"center\"><b>Placing Stops</b>\n<b>Strategies on when to enter and exit trades</b>\n<b>Working with a Trade Plan and</b> <b>what is a Trade Plan?</b>\n<b>Risk Assessment</b>\n<b>When to fade trades</b>\n<b>How to cost average effectively</b>\n<b>How to use Trade Zones effectively - Buy Zones and Sell zones</b>\n<b>Working with Fibonacci levels</b>\n<b>How to find a good broker to partner with</b>\n<b>Basic Chart analysis</b></p>\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\n\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\n\nI trade currencies to make money.\n\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\n\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong><strong> </strong></p>\n<p align=\"center\"><strong>PLUS</strong></p>\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\n\nWhat are the subscription costs?\n\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\n\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\n\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\n<p align=\"center\"><b> </b></p>\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)  </b></p>\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\n&nbsp;\n\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\n\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\n\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\n\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">premiumservice@weeklyfxdrivethru.com</span></b></p>\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\n\nFLASH TRADES:\n\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\n<p style=\"text-align: center;\"><strong>REFERENCE #:</strong><strong>FT08</strong></p>\n<p style=\"text-align: center;\"><strong>PAIR: USD/CAD</strong>\n<strong>LONG /SHORT: LONG</strong>\n<strong>ENTRY / COST AVERAGE: 0.1.0966</strong>\n<strong>TRADE SIZE: 20%</strong>\n<strong>STOP LOSS: 0.1.0840</strong>\n<strong>TARGET / LIMIT: 1.1250</strong>\n<strong>WEEKLY CLOSING PRICE: 1.0959</strong>\n<strong>PRESENT POSITION: -7 pips</strong></p>\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\n\nI have no trades on my radar in view of the U.S. holidays.\n\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\n\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\n\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\n\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\n\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\n\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\n\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\n\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\n\nSUNDAY: N/A\n\nMONDAY: NZD – CPi.\n\nTUESDAY: AUD – CPi.\n\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\n\nTHURSDAY: CAD – Core Retail Sales.\n\nFRIDAY: CAD – Core CPi.\n\n<b><span style=\"text-decoration: underline;\"> </span></b>\n\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\n\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\n\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\n\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\n\nScott Pickering\nThe Pip Accumulator\nSaturday January 18<sup>th</sup> 2014\n\nEMAIL / FOLLOW ME AT:\ndrivethru@weeklyfxdrivethru.com\nTwitter: @pipaccumulator\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\n\n&nbsp;\n\n&nbsp;','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-autosave-v1','','','2014-01-18 19:41:37','2014-01-19 00:41:37','',3042,'https://weeklyfxdrivethru.com/3042-autosave-v1/',0,'revision','',0),(3048,1,'2014-01-18 20:27:47','2014-01-19 01:27:47','18.01.2014<span style=\"line-height: 1.5em;\"> </span>\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nAfter several hectic weeks, I am now pleased to say that with immediate effect the new PREMIUM SERVICE subscriber based option is ready to launch. You can sign up now from the “Log-in” area on the WEEKLY FX DRIVE-THRU. It is a straightforward process all you require is a PayPal account from which to choose the subscription level that you want. I will cover the features and benefits of the PREMIUM SERVICE later in this blog\r\n\r\nIt was a very interesting week of trading in the Forex market. The Non-Farm payroll miss on 10<sup>th</sup> January was a disaster for the USD and the “hangover effect” of the data miss rolled over into Monday of the following week. This created havoc with my RADAR trades and levels were being triggered like crazy and pivots that I had alarmed were hit very frequently with the market volatility. I had one morning where I “fat fingered” trades and closed all positions instead of just one…a complete disaster.\r\n\r\nI cancelled all outstanding RADAR trades and started again. The last three days of the weeks trading was excellent from a cash reward perspective and I closed out of all positions bar one as we headed into a U.S. holiday weekend.\r\n\r\nAs I have written several times (to say the least) over the past two years, I will NOT chase trades. It is a fantastic discipline to have even though at times you miss some tremendous moves, like this past week, the AUD/USD big short move plus the GBP/AUD and EUR/AUD huge upside moves. The total - about 800 pips…yikes. However, in the long run overall, it balances out because breakouts or breakdowns can be false and you can get well stung.\r\n\r\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\r\nFrom now on, to take advantage of all the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, excel spreadsheets for FLASH and RADAR trades trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\"><img class=\"aligncenter size-full wp-image-3035\" alt=\"RADAR TRADES 1 - 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-18012014.png\" width=\"532\" height=\"477\" /></a></span></b></p>\r\n<p align=\"center\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\"><img class=\"aligncenter size-full wp-image-3036\" alt=\"RADAR TRADES 2 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-18012014.png\" width=\"532\" height=\"495\" /></a></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n23 trades at $0.10 cents each = $2.30 cents risk for an $8.00 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n<span style=\"line-height: 1.5em;\">23 trades at $1.00 each = $23.00 risk for an $80.00 reward.</span></p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n23 trades at $10.00 each = $230.00 risk for an $800.00 reward.</p>\r\n&nbsp;\r\n<p style=\"text-align: center;\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\"><img class=\"aligncenter size-full wp-image-3037\" alt=\"FLASH TRADES 18012014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-18012014.png\" width=\"469\" height=\"478\" /></a></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n10 trades at $0.10 cents each = $1.00 cents risk for a $15.10 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n10 trades at $1.00 each = $10.00 risk for a $151.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n10 trades at $10.00 each = $100.00 risk for a $1,510.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n33 trades at $0.10 cents each = $3.30 risk for a $23.10 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n33 trades at $1.00 each = $33.00 risk for a $230.10 reward.</p>\r\n<p align=\"center\"> TRADING STANDARD LOTS:\r\n33 trades at $10.00 each = $330.00 risk for a $2,310.00 reward.</p>\r\nThe profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers. When the PREMIUM SERVICE starts I will add in three columns on these excel sheets to indicate what lot style I am trading on the various set ups.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. DETAILS OF THE PREMIUM SERVICE\r\n</span></b>\r\n\r\nFrom today you are able to login and register for the PREMIUM SERVICE on the welcome page of the WEEKLY FX DRIVE-THRU.\r\n\r\nIn the past few weeks I have written several times about some of the changes to be expected when the PREMIUM SERVICE launches and I have been asked what stays with the free to subscribe WEEKLY FX DRIVE-THRU and what will be the new content and format of the PREMIUM SERVICE.\r\n\r\nI am hoping that the following extended version will answer all of the questions.\r\n\r\nFor those people reading about the PREMIUM SERVICE for the first time, I hope that you find the following informative, exciting and something that you want to be part of.\r\n\r\nFirstly, the PREMIUM SERVICE is a subscriber only addition to The Weekly Fx Drive-Thru.\r\n\r\nWhat are the differences between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe most obvious difference will be that all FLASH and RADAR trade set-ups plus anything I deem to be exclusive will be available to PREMIUM SERVICE subscribers. It will be a 24x5 service, in line with my sleeping habits that is!\r\n\r\nWhy two trade types and what do they mean?\r\n\r\nRADAR TRADES are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction.\r\n\r\nFLASH TRADES are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.\r\n\r\nAll trade set-ups that I flag and that I subsequently enter will be measured via an excel spreadsheet within the PREMIUM SERVICE blog each week. The status of each open trade will be updated daily in the PREMIUM SERVICE subscriber area of my website.\r\n\r\nMost importantly, PREMIUM SERVICE subscribers will also have access to a secure Twitter account that will contain all the FLASH and RADAR trades set-ups, entries and exits. Details of how to connect to this Twitter account will be included in my welcome letter after your subscription has been completed.\r\n\r\nIn addition to FLASH and RADAR trades trading history, the subscriber area will contain as much support information that I can gather that is of use for trading profitably. The support pages areas will increase so that it becomes a one-stop point of reference for all styles and types of traders regardless of experience.\r\n\r\nI am hoping to have a chat room so that subscribers and myself can chat live about potential live trades. In addition, if the number of participants is economically viable, I will hold webinars on trading issues.\r\n\r\nFrom the visual perspective of the blogs that are posted, what will the differences be between the WEEKLY FX DRIVE-THRU and the PREMIUM SERVICE?\r\n\r\nThe present / usual format of the WEEKLY FX DRIVE-THRU is as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH and RADAR trades).</li>\r\n	<li>VIEW FROM MY DESK – My comment on the markets etc.</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>WHAT’S ON MY RADAR? (RADAR TRADE SET-UPS).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nItems 1, 2, 6, 7 and 8 will be the format for the “Free” blog moving forward.\r\n\r\nThe format for the PREMIUM SERVICE will be as follows: -\r\n<ol>\r\n	<li>INTRODUCTION.</li>\r\n	<li>TRADE SUMMARY (FLASH, RADAR and FUNDAMENTAL trades).</li>\r\n	<li>THE FUNDAMENTAL TRADERS OVERVIEW.\r\n(This will be my comments on the macro level views I have at the time)</li>\r\n	<li>TRADERS TOPICS.\r\n(I have promised several readers that at least once each month I will post a response to questions raised about trading in the feedback sections and from direct email).</li>\r\n	<li>MY CURRENT / EXISTING LIVE TRADES.</li>\r\n	<li>THE TRADING STRATEGY.\r\n(My trading style will be opened up in the coming weeks / months. This section in conjunction with the FUNDAMENTAL OVERVIEW section will detail not just the daily and weekly RADAR trade set-ups based around high interest levels of buying and selling, but it will include my FUNDAMENTAL trade set-ups that so far I have never tweeted or talked about).</li>\r\n	<li>LOOKING AHEAD  - USD MAJORS (support and resistance levels).</li>\r\n	<li>NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME.</li>\r\n	<li>FINAL THOUGHTS and COMMENTS.</li>\r\n</ol>\r\nAs referred to above, here is a list of potential topics for the PREMIUM SERVICE blog under TRADER TOPICS or maybe for a future webinar: -\r\n<p align=\"center\"><b>Placing Stops</b>\r\n<b>Strategies on when to enter and exit trades</b>\r\n<b>Working with a Trade Plan and</b> <b>what is a Trade Plan?</b>\r\n<b>Risk Assessment</b>\r\n<b>When to fade trades</b>\r\n<b>How to cost average effectively</b>\r\n<b>How to use Trade Zones effectively - Buy Zones and Sell zones</b>\r\n<b>Working with Fibonacci levels</b>\r\n<b>How to find a good broker to partner with</b>\r\n<b>Basic Chart analysis</b></p>\r\nThe PREMIUM SERVICE will evolve as it moves forward. I have lots of ideas to integrate into this area, but I am also open to ideas from readers / followers and subscribers.\r\n\r\nThis is a very important step for me as well; I want the PREMIUM SERVICE to be different to other similar services currently available.\r\n\r\nI trade currencies to make money.\r\n\r\nWhilst I like the idea of longer-term trading, if the market looks false to me I will cut profitable trades and bank money. I am not looking for the glory of three/four week trades to show I have nerves of steel to make +300 pips or so. If I can make 300 pips from three or four 24/48-hour trades instead, who cares. It’s all about banking profits and minimizing risk. Having said that I do have my longer-term FUNDAMENTAL trades (as I call them).\r\n\r\nI will have a balance of intra-day, swing and long term trades. It is your choice to pick what you want to take and what to risk. I am a low-risk very conservative trader.\r\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\r\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\r\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\r\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\r\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\r\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\r\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\r\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong><strong> </strong></p>\r\n<p align=\"center\"><strong>PLUS</strong></p>\r\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\r\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels. Please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new or experienced trader it is always good to have library of information available close at hand.\r\n\r\nWhat are the subscription costs?\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers only. There will also be a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\nIn addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nFinally, I do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b> </b></p>\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week)  </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\n&nbsp;\r\n\r\nIf you like what you have just read. Please click on the “SUBSCRIBE” link at the top of the welcome page to the WEEKLY FX DRIVE-THRU at <a href=\"http://www.thepipaccumulator.com\">www.thepipaccumulator.com</a>. It is very straightforward to register.\r\n\r\nAs soon as you have made the payment…. PLEASE CLICK ON THE LINK IMMEDIATELY AND REGISTER.\r\n\r\nWhen the registration process is complete and, within 24 hours, you will receive an email from me confirming everything and welcoming you onboard so to speak.\r\n\r\nShould you have any queries or encounter problems whilst trying to subscribe please contact me on the following email: -\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">premiumservice@weeklyfxdrivethru.com</span></b></p>\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nFLASH TRADES:\r\n\r\nIn view of the U.S. holiday weekend when Monday’s U.S. market is closed, I wanted to limit my open exposure. I decided to leave the USD/CAD open, primarily because it just is not pulling back, retracements have been very small and it looks very, very bullish to me.\r\n<p style=\"text-align: center;\"><strong>REFERENCE #:</strong><strong>FT08</strong></p>\r\n<p style=\"text-align: center;\"><strong>PAIR: USD/CAD</strong>\r\n<strong>LONG /SHORT: LONG</strong>\r\n<strong>ENTRY / COST AVERAGE: 0.1.0966</strong>\r\n<strong>TRADE SIZE: 20%</strong>\r\n<strong>STOP LOSS: 0.1.0840</strong>\r\n<strong>TARGET / LIMIT: 1.1250</strong>\r\n<strong>WEEKLY CLOSING PRICE: 1.0959</strong>\r\n<strong>PRESENT POSITION: -7 pips</strong></p>\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nI have no trades on my radar in view of the U.S. holidays.\r\n\r\nOver the weekend and on Monday, I will Tweet any set-ups to PREMIUM SERVICE subscribers only.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3540.</b>  We ended the week below the absolutely critical level of 1.3550. We may be just below, but the 1.3550 level was a bullish / bearish line in the sand. From here I think we head lower towards 1.3400. Should the EUR about turn and break higher - 1.3650 will be the resistance level to look out for.\r\n\r\n<b>GBP/USD: Closing Price 1.6420.  </b>Cable came back from the dead yesterday (Friday) after the release of stellar Retail Sales data. We were approaching 1.6300 and broke higher towards 1.6470. Moving forward, 1.6500 offers are a great place to enter short and support should be seen once more at 1.6310.<b> </b>\r\n\r\n<b>AUD/USD: Closing Price 0.8777</b>.  We are now firmly dropping towards the RBS Stevens level of 0.8500. This pair has been trading so heavy recently; there is no bounce to be seen. The next level of support lies at 0.8710 and resistance is 0.8820.\r\n\r\n<b>NZD/USD: Closing Price 0.8240</b>.  We are just below 0.8250. Yesterday (Friday), I thought that a break below this figure would send us flying towards 0.8200. Now I am not that certain. I am looking at a range between 0.8200 and 0.8320.\r\n\r\n<b>USD/CAD: Closing Price 1.0959.  </b>We are breaking out. For the past couple of days we have been consolidating the overbought data linked to the pair. Big resistance lies at 1.1000 and support is good at 1.0850.\r\n\r\n<b>USD/CHF: Closing Price 0.9097</b>.  On the upside 0.9130 holds the key to resistance. Support is good at 0.9020 and below there 0.8950.\r\n\r\n<b>USD/JPY: Closing Price 104.23. </b> Not much of a change week over week in the closing price. I still think that this pair is going to 110.00 and above this year, but first I think l we test lower levels first. Calls of maybe 98.00 sound a bit low from my perspective but never say never. In this coming week the range that interests me is 103.50 to 105.50.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: NZD – CPi.\r\n\r\nTUESDAY: AUD – CPi.\r\n\r\nWEDNESDAY: GBP – Unemployment Numbers and % rates.\r\nWEDNESDAY: CAD – BOC Rate Statement, Press Conference.\r\nWEDNESDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTHURSDAY: CAD – Core Retail Sales.\r\n\r\nFRIDAY: CAD – Core CPi.\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nThis will be last WEEKLY FX DRIVE-THRU in its current format. It’s all change from next Monday.\r\n\r\nFor those moving to the PREMIUM SERVICE, I really hope that you get the most value from it that you can. For those staying with “THE DRIVE-THRU” take care with your trades. Do not overstretch your account by pushing risk.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 18<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','THE PREMIUM SERVICE IS NOW OPEN AND READY FOR SUBSCRIBERS','','inherit','open','closed','','3042-revision-v1','','','2014-01-18 20:27:47','2014-01-19 01:27:47','',3042,'https://weeklyfxdrivethru.com/3042-revision-v1/',0,'revision','',0),(3049,16,'2014-01-20 12:23:13','2014-01-20 17:23:13','&nbsp;\n\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\n\nWhat an interesting week in the Forex market.\n\nI was going to start my blog  along the lines of boring, boring, boring, given that the EUR/USD traded the entire week stuck in it’s tight range of about 100 pips between 1.3450 and 1.3570. Then of course, we had the BOE governor Carney speak last Thursday, basically saying no more QE for the UK and cable then rallied on the back of that news and the EUR/USD followed with a similar move upwards overnight Thursday into Friday, but the range held!!\n\nDuring the week I was focused on my usual pairs, the AUD/USD, NZD/USD and USD/CAD. These commodity currencies fascinate me. Just when you think they are off to the races with strength, they diverge from equities and they slump. Then, when equities start to come under pressure they really start to break down. They tend also to be daily directional…that is most of the time. It just helps my trading style if I am day trading.\n\nWith the commodity currencies under pressure and the EUR/USD and especially the GBP/USD strengthening, I started to look at some of the “exotic pairs” for trading opportunities. I mentioned this point in the “Midweek Fix #1” last Tuesday and I want to expand these thoughts later in this blog.\n\nSo the U.S. congress is once again about to split on party lines and hold the country and Obama to ransom on raising the U.S. debt ceiling, and sequestration amongst other items, culminating in what is now called closing down the government. The voting American public must be so pist off with their elected representatives, the correct words to use actually fail me. But it is the voters who are at fault, they voted these numpties into office and as such they are therefore responsible.\n\nIf ever there was a case for a review of the U.S. political system its upon the U.S. right now. The existing two party system is a failure and the system that allows almost constant campaigning is painful. Nothing ever gets done, apart from inter-party squabbles.  The existing set of representatives in both houses should focus on country first for a time. The present routine for the politicians on both sides of the house is complete bulls**t and quite frankly utterly dysfunctional. The current batch of freak politicians are great examples to the future of America…not.\n\nAnyway, enough of that, this is a forex blog, not a party political address. The bottom line is that in the future to trade the USD with some care, as we are entering a sound-byte season once again.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">2. THE VIEW FROM MY TRADING DESK:</span></b>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">WHAT TRADES ARE ON MY RADAR</span></b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">EXOTIC CROSS RATES…MAYBE A GREAT OPPORTUNITY IS ON THE HORIZON.</span></b></p>\nHaving been a little bored with the EUR/USD trading opportunities last week, coupled with the strength of cable, I started to look at opportunities further afield that I would not usually look at. As you know, my favourite pairs to trade are the AUD, NZD and CAD. Looking at the cross-rates with the USD divergence there are some very interesting set-ups on the horizon.\n\nI must at this point, mention a few words of caution regarding trading these exotic currency pairs. Do not get carried away with bold and sudden moves. Note and remember that these currency pairs trade with wider than normal rate spreads and are very, very volatile. The ATR (Average true ranges) are larger than normal. These pairs are also not as well financially supported as the USD majors. Therefore spikes can be sudden and false breakout moves are also a part of these pairs, beware.\n\nThe AUD is probably my favourite currency to follow and trade. I look many times a day at the EUR/AUD as this pair in particular, in addition to the USD/JPY follows equities. In fact, the EUR/AUD was one of the best trades in the Fx market as it closely followed U.S. equities; it was in fact a mirror image. In recent times, as I have often blogged, correlations were “off” and this pair although it was good for “risk on” or “risk off” scenarios was not as cast iron a trade as pre financial crisis and all the ensuing Eurozone issues.\n\nSince the financial crisis, so much hope had been placed at the Chinese door on manufacturing and production. The EUR/AUD was sold in buckets as the AUD currency could be viewed as a stooge currency for China.\n\nAngela Merkel has been re-elected in Germany and this will hopefully add stability to the Eurozone. Chinese GDP is falling; I do NOT believe a bloody word that comes out of China. It is in their best interests to lie. Look, how many times do you get orange sauce on your chicken, when it says tangerine on the menu?  Think about it. We may have China GDP below 7%, maybe even as low as 6.75% as we move forward into 2014. These two factors alone make the AUD a different currency to trade moving forward.\n\nAdd into the picture, the FED. Yes, I had to mention my mate Ben, the most powerful man on the planet!! QE is coming to an end, we just do not know when…therefore, all bets are off, the goal posts have moved. Equities are presently at all time highs, as soon as QE (tapering) starts and ends, is it not inconceivable that as the “free money” dries up, the upward momentum in trading equities ends and we see a downside move as U.S. monetary policy changes?\n\nShould this happen, could not the EUR/AUD get stronger and unwind a massive down side move? If this were to happen it would be massive. It has only really been a short trade for 5 years.\n\nI know my fundamental views are sometimes ahead of the technical, but evidence is starting to gather in my opinion.\n\nThe beauty of a move in the AUD currency is that it spins off into the NZD and also has an effect on the CAD as well. There are 6 charts below based on the “Cross Rate” currencies (Exotics) compared to the EUR and GBP. There are monumental moves in the offing if things play out the way that I am seeing and thinking. Nothing is guaranteed but should this shift happen there are thousands and thousands of pips available.\n\n&nbsp;\n\n<strong>EUR/AUD: Close on Friday: 1.4508</strong>\n\nThe chart below shows that the move higher could actually already be in motion. 1.4116 was a key level. The level has been pulled back to and tested on the current month.\n\nThe 38% retracement level is 1.5100 or so. That is 600 pips away. With huge moves lower like this it is possible to retrace even higher over months. The often referred to mother of retracements 61.8% is at 1.7400, that is about 3,000 pips away. The unwinding of this pair could lead us all the way to this level.\n\n<a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURAUD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1988\" alt=\"EURAUD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURAUD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\n\n&nbsp;\n\n<strong>GBP/AUD: Close on Friday: 1.7314</strong>\n\nWe are unwinding but I really want 1.7350 to be taken and confirmed as an upward move before entering a trade. Should this happen, 2.2200 is the 61.8% retracement. That is just shy of 5,000 pips for the overall move in the coming months/years. Just think about it though, a move to just the 38% retracement in the region of 1.9200 is 1,700 to 1,900 pips.\n\n<a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPAUD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1989\" alt=\"GBPAUD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPAUD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\n\n&nbsp;\n\n<strong>EUR/NZD: Close on Friday: 1.6307</strong>\n\nThis pair is extremely volatile. 1.6330 is the key level for me, a confirmed break here and a similar break upwards with the GBP/NZD, should also see the NZD/USD getting crushed. The NZD/USD could be down sub 0.8000 very quickly.\n\nA move to just the 38% retracement yields a potential 2,700 pips.\n\n<a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURNZD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1990\" alt=\"EURNZD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURNZD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\n\n&nbsp;\n\n<strong>GBP/NZD: Close on Friday: 1.9450</strong>\n\nYou may recall a while back I was looking for a move above 2.000 targeting 2.2400 and beyond. That move is still on, but the break out point is now around 1.9500 in my opinion.\n\nThere are in the region of 1,000 pips available with this pair and even more if we get traction in the unwinding move.\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/09/GBPNZD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1991\" alt=\"GBPNZD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPNZD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\n\n&nbsp;\n\n<strong>EUR/CAD: Close on Friday: 1.3934</strong>\n\nThis move is already underway in my opinion; I have missed the first 1,000 pips!! Above the 38% retracement of 1.4138, will hopefully get us a move towards 1.4785 the 50% retracement. It’s only 600 pips.\n\n<a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURCAD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1992\" alt=\"EURCAD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURCAD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\n\n&nbsp;\n\n<strong>GBP/CAD: Close on Friday: 1.6629</strong>\n\nSimilar to the EUR/CAD, this move has already started. The break above 1.6343 was the level. 1.6860 is the next level and then a break to the 38% retracement sets up 1.8120. That would yield a move of about 1,300 pips from current levels.\n\n<i> <a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPCAD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1993\" alt=\"GBPCAD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPCAD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a></i>\n\n&nbsp;\n\n<i> </i>\n\nPlease do not get carried away with these trades and enter them all blindly right now.\n\nAssess your risk/reward and add when profitable, if they play out. There is the potential to make a huge amount of money.\n\nI may be a few weeks or a month ahead here, but bear these potential moves in mind. I am currently looking for pullback entry levels and I will tweet these as they happen and mention this batch of trades in the next Midweek fix.\n\n<i> </i>\n\n<i> </i>\n\n<b><span style=\"text-decoration: underline;\">3. LONG TERM TRADES:</span></b>\n\nAt this stage I am still in cash.<b></b>\n\n<b> </b><b> </b>\n\n<b><span style=\"text-decoration: underline;\">4. POTENTIAL TRADES ON MY RADAR:</span></b>\n<p align=\"center\"><b>EUR/USD\n</b><b>Short: 1.3570 (or thereabout)\n</b><b>Stop Loss: 1.3820\nInitial Target/Limit: 1.3480</b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b><b>NZD/USD\n</b><b>Short 0.8340 (or thereabout)\n</b><b>Stop Loss: 0.8370\n</b><b>Initial target 0.8220</b></p>\n<p align=\"center\"><b>EUR/AUD (Assessing over the next few days)\n</b><b>Long\n</b><b>Stop Loss\n</b><b>Initial Target: 1.5150</b></p>\n<p align=\"center\"><b>GBP/AUD (Assessing over the next few days)\n</b><b>Long\n</b><b>Stop Loss\n</b><b>Initial Target: 1.9170</b></p>\n<p align=\"center\"><b>EUR/NZD (Assessing over the next few days)\n</b><b>Long\n</b><b>Stop Loss\n</b><b>Initial Target: 1.9060</b><b> </b></p>\n<p align=\"center\"><b>GBP/NZD (Assessing over the next few days)\n</b><b>Long\n</b><b>Stop Loss\n</b><b>Initial Target: 2.2420</b><b> </b></p>\n<p align=\"center\"><b>EUR/CAD (Assessing over the next few days)\n</b><b>Long\n</b><b>Stop Loss\n</b><b>Initial Target: 1.5400</b><b> </b></p>\n<p align=\"center\"><b>GBP/CAD (Assessing over the next few days)\n</b><b>Long\n</b><b>Stop Loss\n</b><b>Initial Target: 1.9180</b><b> </b></p>\n<p align=\"center\"><b>USD/CAD\n</b><b>Long: 1.0260\n</b><b>Stop Loss: 1.0190\n</b><b>Initial Target 1.0675</b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\n<b><span style=\"text-decoration: underline;\">5. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\n\n<b>EUR/USD: Closing Price 1.3521. </b>After all the shenanigans on Friday, we closed the week one pip lower than the previous week’s close<b>. </b>There is not much to say other than what I have posted on twitter a couple of times lately. We are stuck in a range of 1.3450 to 1.3570. You need to wait for a confirmed break to get the direction. Trading within the range is also fine at the moment. I am expecting a break from this range this week with an ECB Press Conference and Non Farm Payrolls on the event calendar.\n\n<b>GBP/USD: Closing Price 1.6138. </b>This pair is really strong at the moment. Comments from BOE Governor Carney have put a rocket under the strength of cable. We closed just shy of 1.6160, which I have noted as the next resistance level. In my opinion, cable does not come under pressure, with the bears resuming control, until we once again break below 1.5970.\n\n<b>AUD/USD: Closing Price 0.9313. </b>I think we are heading lower once again with this pair, but 0.9270 needs to be taken out to have my thoughts confirmed. 0.9410 offers up great resistance if the bears come out to play.\n\n<b>NZD/USD: Closing Price 0.8258</b>. This pair is acting very strong on the back of RBNZ comments a few weeks ago. It is very stubborn, even though it is being dragged lower by the AUD. A break below 0.8200 should however set us up for a break lower. Resistance is very strong at 0.8340 and again at 0.8470.\n\n<b>USD/CAD: Closing Price 1.0303. </b>This week’s close exactly the same as last weeks. We are caught in a range here that needs to be broken. ‘This is still the resistance and support is still strong at 1.0240.\n\n<b>USD/CHF: Closing Price 0.9055. </b>I am still not following this pair. In the back of my mind I think it will soon test 0.8800 or close to that level before possibly spiking higher. But this really depends on how the EUR/USD behaves.  During last week we broke key support at 0.9090 support, and we are now heading to test 0.9000. We need to break above 0.9150 to see a real lift with this pair<b>.</b>\n\n<b>USD/JPY: Closing Price 98.22. </b>I am just ignoring this pair at the moment. It is another pair that is stuck in a range, 98.00 to 99.20. If 98.00 gives way, and it may, 96.00 could be in our vision very quickly.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">6. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\n\nSUNDAY: N/A\n\nMONDAY: CAD – GD\nMONDAY: CNY – Manufacturing PMi\n\nTUESDAY: AUD – RBA Interest Rate Statement\nTUESDAY: GBP – Manufacturing PMi\nTUESDAY: USD – ISM Manufacturing PMi\n\nWEDNESDAY: GBP – Construction PMi\nWEDNESDAY: EUR – Interest Rate and Draghi Press Conference\nWEDNESDAY: USD – ADP Non Farm Employment Change\nWEDNESDAY: AUD – Retail Sales and Building Approvals\n\nTHURSDAY: GBP – Services PMi\nTHURSDAY: USD – ISM Non-Manufacturing PMI\nTHURSDAY: AUD – Trade Balance\n\nFRIDAY: USD – Non-Farm Employment Change and Unemployment Rate.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">7. FINAL THOUGHTS:</span></b>\n\nThis next week is a big news week for all forex traders to concentrate on.\n\nAustralian news events are huge market movers and will give us a huge indication on which way to trade this pair. PMi results in the UK and U.S. will be followed closely but the biggies are, without doubt, U.S non-farm on Friday and Draghi’s press conference the day prior on Thursday.\n\nAs usual, trading with caution is recommended. Do not over-stretch your account and keep inside your trading plan limits.\n\nWatch out for the Midweek Fx Drive-Thru this week.\n\n&nbsp;\n\nGood luck and take care.\n\nScott Pickering\nThe Pip Accumulator\nSaturday September 28th 2013\n\nFOLLOW ME AT:\nTwitter: @pipaccumulator\n\n&nbsp;','EXOTIC CROSS-RATES...MAYBE A GREAT OPPORTUNITY IS ON THE HORIZON','','inherit','open','closed','','1985-autosave-v1','','','2014-01-20 12:23:13','2014-01-20 17:23:13','',1985,'https://weeklyfxdrivethru.com/1985-autosave-v1/',0,'revision','',0),(3050,16,'2014-01-20 12:23:47','2014-01-20 17:23:47','&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nWhat an interesting week in the Forex market.\r\n\r\nI was going to start my blog  along the lines of boring, boring, boring, given that the EUR/USD traded the entire week stuck in it’s tight range of about 100 pips between 1.3450 and 1.3570. Then of course, we had the BOE governor Carney speak last Thursday, basically saying no more QE for the UK and cable then rallied on the back of that news and the EUR/USD followed with a similar move upwards overnight Thursday into Friday, but the range held!!\r\n\r\nDuring the week I was focused on my usual pairs, the AUD/USD, NZD/USD and USD/CAD. These commodity currencies fascinate me. Just when you think they are off to the races with strength, they diverge from equities and they slump. Then, when equities start to come under pressure they really start to break down. They tend also to be daily directional…that is most of the time. It just helps my trading style if I am day trading.\r\n\r\nWith the commodity currencies under pressure and the EUR/USD and especially the GBP/USD strengthening, I started to look at some of the “exotic pairs” for trading opportunities. I mentioned this point in the “Midweek Fix #1” last Tuesday and I want to expand these thoughts later in this blog.\r\n\r\nSo the U.S. congress is once again about to split on party lines and hold the country and Obama to ransom on raising the U.S. debt ceiling, and sequestration amongst other items, culminating in what is now called closing down the government. The voting American public must be so pist off with their elected representatives, the correct words to use actually fail me. But it is the voters who are at fault, they voted these numpties into office and as such they are therefore responsible.\r\n\r\nIf ever there was a case for a review of the U.S. political system its upon the U.S. right now. The existing two party system is a failure and the system that allows almost constant campaigning is painful. Nothing ever gets done, apart from inter-party squabbles.  The existing set of representatives in both houses should focus on country first for a time. The present routine for the politicians on both sides of the house is complete bulls**t and quite frankly utterly dysfunctional. The current batch of freak politicians are great examples to the future of America…not.\r\n\r\nAnyway, enough of that, this is a forex blog, not a party political address. The bottom line is that in the future to trade the USD with some care, as we are entering a sound-byte season once again.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">2. THE VIEW FROM MY TRADING DESK:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">WHAT TRADES ARE ON MY RADAR</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">EXOTIC CROSS RATES…MAYBE A GREAT OPPORTUNITY IS ON THE HORIZON.</span></b></p>\r\nHaving been a little bored with the EUR/USD trading opportunities last week, coupled with the strength of cable, I started to look at opportunities further afield that I would not usually look at. As you know, my favourite pairs to trade are the AUD, NZD and CAD. Looking at the cross-rates with the USD divergence there are some very interesting set-ups on the horizon.\r\n\r\nI must at this point, mention a few words of caution regarding trading these exotic currency pairs. Do not get carried away with bold and sudden moves. Note and remember that these currency pairs trade with wider than normal rate spreads and are very, very volatile. The ATR (Average true ranges) are larger than normal. These pairs are also not as well financially supported as the USD majors. Therefore spikes can be sudden and false breakout moves are also a part of these pairs, beware.\r\n\r\nThe AUD is probably my favourite currency to follow and trade. I look many times a day at the EUR/AUD as this pair in particular, in addition to the USD/JPY follows equities. In fact, the EUR/AUD was one of the best trades in the Fx market as it closely followed U.S. equities; it was in fact a mirror image. In recent times, as I have often blogged, correlations were “off” and this pair although it was good for “risk on” or “risk off” scenarios was not as cast iron a trade as pre financial crisis and all the ensuing Eurozone issues.\r\n\r\nSince the financial crisis, so much hope had been placed at the Chinese door on manufacturing and production. The EUR/AUD was sold in buckets as the AUD currency could be viewed as a stooge currency for China.\r\n\r\nAngela Merkel has been re-elected in Germany and this will hopefully add stability to the Eurozone. Chinese GDP is falling; I do NOT believe a bloody word that comes out of China. It is in their best interests to lie. Look, how many times do you get orange sauce on your chicken, when it says tangerine on the menu?  Think about it. We may have China GDP below 7%, maybe even as low as 6.75% as we move forward into 2014. These two factors alone make the AUD a different currency to trade moving forward.\r\n\r\nAdd into the picture, the FED. Yes, I had to mention my mate Ben, the most powerful man on the planet!! QE is coming to an end, we just do not know when…therefore, all bets are off, the goal posts have moved. Equities are presently at all time highs, as soon as QE (tapering) starts and ends, is it not inconceivable that as the “free money” dries up, the upward momentum in trading equities ends and we see a downside move as U.S. monetary policy changes?\r\n\r\nShould this happen, could not the EUR/AUD get stronger and unwind a massive down side move? If this were to happen it would be massive. It has only really been a short trade for 5 years.\r\n\r\nI know my fundamental views are sometimes ahead of the technical, but evidence is starting to gather in my opinion.\r\n\r\nThe beauty of a move in the AUD currency is that it spins off into the NZD and also has an effect on the CAD as well. There are 6 charts below based on the “Cross Rate” currencies (Exotics) compared to the EUR and GBP. There are monumental moves in the offing if things play out the way that I am seeing and thinking. Nothing is guaranteed but should this shift happen there are thousands and thousands of pips available.\r\n\r\n&nbsp;\r\n\r\n<strong>EUR/AUD: Close on Friday: 1.4508</strong>\r\n\r\nThe chart below shows that the move higher could actually already be in motion. 1.4116 was a key level. The level has been pulled back to and tested on the current month.\r\n\r\nThe 38% retracement level is 1.5100 or so. That is 600 pips away. With huge moves lower like this it is possible to retrace even higher over months. The often referred to mother of retracements 61.8% is at 1.7400, that is about 3,000 pips away. The unwinding of this pair could lead us all the way to this level.\r\n\r\n<a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURAUD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1988\" alt=\"EURAUD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURAUD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>GBP/AUD: Close on Friday: 1.7314</strong>\r\n\r\nWe are unwinding but I really want 1.7350 to be taken and confirmed as an upward move before entering a trade. Should this happen, 2.2200 is the 61.8% retracement. That is just shy of 5,000 pips for the overall move in the coming months/years. Just think about it though, a move to just the 38% retracement in the region of 1.9200 is 1,700 to 1,900 pips.\r\n\r\n<a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPAUD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1989\" alt=\"GBPAUD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPAUD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>EUR/NZD: Close on Friday: 1.6307</strong>\r\n\r\nThis pair is extremely volatile. 1.6330 is the key level for me, a confirmed break here and a similar break upwards with the GBP/NZD, should also see the NZD/USD getting crushed. The NZD/USD could be down sub 0.8000 very quickly.\r\n\r\nA move to just the 38% retracement yields a potential 2,700 pips.\r\n\r\n<a href=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURNZD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1990\" alt=\"EURNZD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURNZD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>GBP/NZD: Close on Friday: 1.9450</strong>\r\n\r\nYou may recall a while back I was looking for a move above 2.000 targeting 2.2400 and beyond. That move is still on, but the break out point is now around 1.9500 in my opinion.\r\n\r\nThere are in the region of 1,000 pips available with this pair and even more if we get traction in the unwinding move.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/09/GBPNZD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1991\" alt=\"GBPNZD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPNZD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>EUR/CAD: Close on Friday: 1.3934</strong>\r\n\r\nThis move is already underway in my opinion; I have missed the first 1,000 pips!! Above the 38% retracement of 1.4138, will hopefully get us a move towards 1.4785 the 50% retracement. It’s only 600 pips.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/09/EURCAD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1992\" alt=\"EURCAD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/EURCAD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>GBP/CAD: Close on Friday: 1.6629</strong>\r\n\r\nSimilar to the EUR/CAD, this move has already started. The break above 1.6343 was the level. 1.6860 is the next level and then a break to the 38% retracement sets up 1.8120. That would yield a move of about 1,300 pips from current levels.\r\n\r\n<i> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/09/GBPCAD-MONTHLY-28092013.png\"><img class=\"aligncenter size-large wp-image-1993\" alt=\"GBPCAD MONTHLY 28092013\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2013/09/GBPCAD-MONTHLY-28092013-1024x516.png\" width=\"1024\" height=\"516\" /></a></i>\r\n\r\n&nbsp;\r\n\r\n<i> </i>\r\n\r\nPlease do not get carried away with these trades and enter them all blindly right now.\r\n\r\nAssess your risk/reward and add when profitable, if they play out. There is the potential to make a huge amount of money.\r\n\r\nI may be a few weeks or a month ahead here, but bear these potential moves in mind. I am currently looking for pullback entry levels and I will tweet these as they happen and mention this batch of trades in the next Midweek fix.\r\n\r\n<i> </i>\r\n\r\n<i> </i>\r\n\r\n<b><span style=\"text-decoration: underline;\">3. LONG TERM TRADES:</span></b>\r\n\r\nAt this stage I am still in cash.<b></b>\r\n\r\n<b> </b><b> </b>\r\n\r\n<b><span style=\"text-decoration: underline;\">4. POTENTIAL TRADES ON MY RADAR:</span></b>\r\n<p align=\"center\"><b>EUR/USD\r\n</b><b>Short: 1.3570 (or thereabout)\r\n</b><b>Stop Loss: 1.3820\r\nInitial Target/Limit: 1.3480</b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b><b>NZD/USD\r\n</b><b>Short 0.8340 (or thereabout)\r\n</b><b>Stop Loss: 0.8370\r\n</b><b>Initial target 0.8220</b></p>\r\n<p align=\"center\"><b>EUR/AUD (Assessing over the next few days)\r\n</b><b>Long\r\n</b><b>Stop Loss\r\n</b><b>Initial Target: 1.5150</b></p>\r\n<p align=\"center\"><b>GBP/AUD (Assessing over the next few days)\r\n</b><b>Long\r\n</b><b>Stop Loss\r\n</b><b>Initial Target: 1.9170</b></p>\r\n<p align=\"center\"><b>EUR/NZD (Assessing over the next few days)\r\n</b><b>Long\r\n</b><b>Stop Loss\r\n</b><b>Initial Target: 1.9060</b><b> </b></p>\r\n<p align=\"center\"><b>GBP/NZD (Assessing over the next few days)\r\n</b><b>Long\r\n</b><b>Stop Loss\r\n</b><b>Initial Target: 2.2420</b><b> </b></p>\r\n<p align=\"center\"><b>EUR/CAD (Assessing over the next few days)\r\n</b><b>Long\r\n</b><b>Stop Loss\r\n</b><b>Initial Target: 1.5400</b><b> </b></p>\r\n<p align=\"center\"><b>GBP/CAD (Assessing over the next few days)\r\n</b><b>Long\r\n</b><b>Stop Loss\r\n</b><b>Initial Target: 1.9180</b><b> </b></p>\r\n<p align=\"center\"><b>USD/CAD\r\n</b><b>Long: 1.0260\r\n</b><b>Stop Loss: 1.0190\r\n</b><b>Initial Target 1.0675</b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<b><span style=\"text-decoration: underline;\">5. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3521. </b>After all the shenanigans on Friday, we closed the week one pip lower than the previous week’s close<b>. </b>There is not much to say other than what I have posted on twitter a couple of times lately. We are stuck in a range of 1.3450 to 1.3570. You need to wait for a confirmed break to get the direction. Trading within the range is also fine at the moment. I am expecting a break from this range this week with an ECB Press Conference and Non Farm Payrolls on the event calendar.\r\n\r\n<b>GBP/USD: Closing Price 1.6138. </b>This pair is really strong at the moment. Comments from BOE Governor Carney have put a rocket under the strength of cable. We closed just shy of 1.6160, which I have noted as the next resistance level. In my opinion, cable does not come under pressure, with the bears resuming control, until we once again break below 1.5970.\r\n\r\n<b>AUD/USD: Closing Price 0.9313. </b>I think we are heading lower once again with this pair, but 0.9270 needs to be taken out to have my thoughts confirmed. 0.9410 offers up great resistance if the bears come out to play.\r\n\r\n<b>NZD/USD: Closing Price 0.8258</b>. This pair is acting very strong on the back of RBNZ comments a few weeks ago. It is very stubborn, even though it is being dragged lower by the AUD. A break below 0.8200 should however set us up for a break lower. Resistance is very strong at 0.8340 and again at 0.8470.\r\n\r\n<b>USD/CAD: Closing Price 1.0303. </b>This week’s close exactly the same as last weeks. We are caught in a range here that needs to be broken. ‘This is still the resistance and support is still strong at 1.0240.\r\n\r\n<b>USD/CHF: Closing Price 0.9055. </b>I am still not following this pair. In the back of my mind I think it will soon test 0.8800 or close to that level before possibly spiking higher. But this really depends on how the EUR/USD behaves.  During last week we broke key support at 0.9090 support, and we are now heading to test 0.9000. We need to break above 0.9150 to see a real lift with this pair<b>.</b>\r\n\r\n<b>USD/JPY: Closing Price 98.22. </b>I am just ignoring this pair at the moment. It is another pair that is stuck in a range, 98.00 to 99.20. If 98.00 gives way, and it may, 96.00 could be in our vision very quickly.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: CAD – GD\r\nMONDAY: CNY – Manufacturing PMi\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement\r\nTUESDAY: GBP – Manufacturing PMi\r\nTUESDAY: USD – ISM Manufacturing PMi\r\n\r\nWEDNESDAY: GBP – Construction PMi\r\nWEDNESDAY: EUR – Interest Rate and Draghi Press Conference\r\nWEDNESDAY: USD – ADP Non Farm Employment Change\r\nWEDNESDAY: AUD – Retail Sales and Building Approvals\r\n\r\nTHURSDAY: GBP – Services PMi\r\nTHURSDAY: USD – ISM Non-Manufacturing PMI\r\nTHURSDAY: AUD – Trade Balance\r\n\r\nFRIDAY: USD – Non-Farm Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. FINAL THOUGHTS:</span></b>\r\n\r\nThis next week is a big news week for all forex traders to concentrate on.\r\n\r\nAustralian news events are huge market movers and will give us a huge indication on which way to trade this pair. PMi results in the UK and U.S. will be followed closely but the biggies are, without doubt, U.S non-farm on Friday and Draghi’s press conference the day prior on Thursday.\r\n\r\nAs usual, trading with caution is recommended. Do not over-stretch your account and keep inside your trading plan limits.\r\n\r\nWatch out for the Midweek Fx Drive-Thru this week.\r\n\r\n&nbsp;\r\n\r\nGood luck and take care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 28th 2013\r\n\r\nFOLLOW ME AT:\r\nTwitter: @pipaccumulator\r\n\r\n&nbsp;','EXOTIC CROSS-RATES...MAYBE A GREAT OPPORTUNITY IS ON THE HORIZON','','inherit','open','closed','','1985-revision-v1','','','2014-01-20 12:23:47','2014-01-20 17:23:47','',1985,'https://weeklyfxdrivethru.com/1985-revision-v1/',0,'revision','',0),(3051,16,'2014-01-20 15:16:13','2014-01-20 20:16:13','11.01.2014\n\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\n\nIt was a very quiet first week back for the Fx markets. I thought as the market liquidity levels rose that we would have seen a very volatile opening week of trading. In addition, when you look at the major news events last week, it seemed an “odds on” bet for me. In the end I thought it to be a very tame week.\n\nFOMC minutes, ADP Non Farm, Interest rate decisions passed off quietly, Draghi said nothing new, the ECB press conference pretty lame, big misses on the U.S. and Canadian Jobs but not really a full follow through…a little boring for me.\n\nI have been working on the new PREMIUM SERVICE, which I am looking to launch very soon. As soon as I am able to give a launch date I will post a blog, which will deliver direct to WEEKLY FX DRIVE-THRU subscribers an introduction email with details of how to subscribe etc.\n\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\nThis will be a section in the new PREMIUM SERVICE when launched where I will review good and bad trades. At that time it will no longer be a part of the WEEKLY FX DRIVE-THRU. To take advantage of the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\n\nI have included below, two excel spreadsheets for both types of trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\n\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\n\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\n\n&nbsp;\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-14.01.2014.png\"><img class=\"aligncenter size-full wp-image-2475\" alt=\"RADAR TRADES 14.01.2014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADARTRADES-14.01.2014.png\" width=\"536\" height=\"478\" /></a>\n\n&nbsp;\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\n<p style=\"text-align: center;\"> 1 x MICRO-LOT\n3 trades at $0.10 cents each = $0.30 cents risk for a $13.90 reward.\n<span style=\"line-height: 1.5em;\">1 x MINI-LOT:\n</span><span style=\"line-height: 1.5em;\">3 trades at $1.00 each = $3.00 risk for a $139.00 reward.\n</span><span style=\"line-height: 1.5em;\">1 x STANDARD LOT:\n</span><span style=\"line-height: 1.5em;\">3 trades at $10.00 each = $30.00 risk for a $1,390.00 reward.</span></p>\n&nbsp;\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-14.01.2014.png\"><img class=\"aligncenter size-full wp-image-2474\" alt=\"FLASH TRADES 14.01.2014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-14.01.2014.png\" width=\"467\" height=\"479\" /></a>\n\n&nbsp;\n\n&nbsp;\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>\n<p align=\"center\">1 x MICRO-LOT:\n4 trades at $0.10 cents each = $0.40 cents risk for an $8.50 reward.</p>\n<p align=\"center\">1 x MINI-LOT:\n4 trades at $1.00 each = $4.00 risk for $85.00 reward</p>\n<p align=\"center\">1 x STANDARD LOT:\n4 trades at $10.00 each = $40.00 risk for a $850.00 reward</p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\n<p align=\"center\">TRADING MICRO-LOTS:\n7 trades at $0.10 cents each = $0.70 risk for a $22.40 reward.</p>\n<p align=\"center\">TRADING MINI-LOTS:\n7 trades at $1.00 each = $7.00 risk for a $224.00 reward.</p>\n<p align=\"center\">TRADING STANDARD LOTS:\n7 trades at $10.00 each = $70.00 risk for a $2,240.00 reward.</p>\nIt is a great start to a new year of trading, albeit quite slow. As I have said many times before… It is no big secret…. It’s all about discipline. I am NOT chasing trades, far from it, it took three/four attempts at pullbacks for GBP/AUD, AUD/USD and GBP/USD to trigger (these trades are still active).\n\nMy approach is all about discipline. The market will always be there and as long as there is a market there will be opportunities.\n<p style=\"text-align: left;\">Look my trading style - it’s simple: -</p>\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong></p>\n<p align=\"center\"><strong>PLUS</strong></p>\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\nDetails of my new PREMIUM SERVICE that gives you the option to follow the FLASH and RADAR TRADES, amongst other things, follows later in this blog.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">3. THE VIEW FROM MY TRADING DESK:</span></b>\n<p align=\"center\"><b>CORRELATIONS ARE OFF…MIXED MESSAGES ON DATA…2014 WELCOMES ALL FX TRADERS!!!</b><b> </b></p>\n<p align=\"center\"><b>WE HAVE TO BE ADAPTIVE AND DISCIPLINED TRADERS AT ALL TIMES</b></p>\nLast week in my blog with my predictions for 2014, I mentioned the fact that I strongly suspected that correlations and inter-market relationships may not run as true as in previous years.\n\nI wrote the following in last week’s blog: -\n<p style=\"text-align: center;\"><b><i>“I see this disconnect continuing, hence my forward thinking into 2014 shows disconnects between the majors. My thoughts are that there will be more extended periods when currencies will act independently this year. Correlations will come and go.</i></b></p>\n<p align=\"center\"><b><i>Typical examples of “the disconnect” are the following correlations: -</i></b><b><i> </i></b></p>\n<p align=\"center\"><b><i>USD / Gold\n</i></b><b><i>AUD / NZD\n</i></b><b><i>Commodity currencies / equities\n</i></b><b><i>EUR / GBP\n</i></b><b><i>CAD / USD\n</i></b><b><i>JPY / S&amp;P\n</i></b><b><i>AUD &amp; NZD / Copper\n</i></b><b><i>EUR / CHF\n</i></b><b><i>EUR/GBP / GBP/CHF\n</i></b><b><i>JPY &amp; CHF / Gold”</i></b></p>\n It can be easy to be assumptive and influenced as a trader. I may influence by writing this blog. As a trader, one of the hardest aspects of trading to master and be consistent in doing so is being able to remove all the noise around you and trade your own plan.\n\nPrior to the Non Farm Payroll release if you were influenced (and it is not hard to be), by all the experts and pundits on TV and written articles you would have been totally 100% set up on the wrong side of the trade.\n\nIn my blog last week I missed two news events that have been very well linked of late; ADP Non-Farm figures and the U.S. Government Non-Farm Payroll statistics.\n\nThese have been very correlated of late, so much so, that analysis’s expectations were raised for “Non-Farm’ on Friday on the back of excellent “ADP Employment data” figures released last Wednesday. Expectations of 190,000 additional people working were whispered to be around 225,000 following good ADP numbers last Wednesday. The actual release was a mere 74,000 additional people working. That is what is referred to as a miss.\n\nMy main reason for revisiting a similar theme to last week’s blog is to re-emphasize the fact that I think that in this year to be a successful Fx trader you will need to adapt to perhaps some very new disciplines.\n<ol>\n	<li>Ignore the “noise” around you. By noise, I mean a lot of the pointless financial chatter on Bloomberg or CNBC. This can also include bloggers like myself. You have to be your own trader. Take council, and do your research, but the buck stops with you.</li>\n	<li>Note: The experts on TV are just selling their book and taking guesses at economic data. You and I can take just as good a guess as they can a lot of the time.</li>\n	<li>Fundamentals do matter. Fundamentals in my opinion should be directly linked to the type of trader you aspire to be. e.g. Scalpers need not worry too much about fundamentals. Longer-term traders definitely need to consider the fundamentals.</li>\n	<li>Be flexible as a trader. More than ever this is a critical success factor. Do not pigeon hole yourself as “ Swing”, “Scalper”, “Long-Term”, “Fundamental” or a “Technical” trader. I firmly believe that in 2014 you will require a little bit of everything in order to keep your head above water.</li>\n	<li>Finally, take nothing for granted. If in doubt exit trades and bank profits. Do not let losing trades run away from you.</li>\n	<li>I nearly always close my blogs with words like these…Trade smaller position sizes, with wider stops and work your Trading Plan using proper Money Management.</li>\n</ol>\nIt’s all boring but essential stuff that we have all heard before many times. If I am correct and this is the “dis-connect” year we will all need a 100% disciplined approach to trading.\n\nIt is far too easy to be suckered into trades in the forex market. It is a totally unforgiving trading environment. Be disciplined at all times.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\n\nFLASH TRADES: No live FLASH TRADES at this time.\n\nRADAR TRADES: The following trades are live. They all emanated from last weeks MIDWEEK FX FIX trade set-ups.\n<p style=\"text-align: center;\"><strong> RT01\n</strong><strong style=\"line-height: 1.5em;\">PAIR: USD/CHF\n</strong><strong style=\"line-height: 1.5em;\">LONG /SHORT: LONG\n</strong><strong style=\"line-height: 1.5em;\">ENTRY / COST AVERAGE: 0.9030\n</strong><strong style=\"line-height: 1.5em;\">TRADE SIZE: 20%\n</strong><strong style=\"line-height: 1.5em;\">STOP LOSS: 0.8940\n</strong><strong style=\"line-height: 1.5em;\">TARGET / LIMIT: 0.9450\n</strong><strong style=\"line-height: 1.5em;\">WEEKLY CLOSING PRICE: 0.9021\n</strong><strong style=\"line-height: 1.5em;\">PRESENT POSITION: -9 pips</strong></p>\n<p align=\"center\"><strong>RT02</strong>\n<strong>PAIR: AUD/USD</strong>\n<strong>LONG/ SHORT: SHORT</strong>\n<strong>ENTRY / COST AVERAGE: 0.9000</strong>\n<strong>TRADE SIZE: 20%</strong>\n<strong>STOP LOSS: 0.9050</strong>\n<strong>TARGET / LIMIT: 0.8500</strong>\n<strong>WEEKLY CLOSING PRICE: 0.8994</strong>\n<strong>PRESENT POSITION: +6 pips</strong></p>\n<p align=\"center\"><strong> RT05</strong>\n<strong>PAIR: GBP/AUD</strong>\n<strong>LONG /SHORT: LONG</strong>\n<strong>ENTRY / COST AVERAGE: 1.8350</strong>\n<strong>TRADE SIZE: 10%</strong>\n<strong>STOP LOSS: 1.8250</strong>\n<strong>TARGET / LIMIT: 1.9670</strong>\n<strong>WEEKLY CLOSING PRICE: 1.8314</strong>\n<strong>PRESENT POSITION: -36 pips</strong></p>\n<p align=\"center\"><strong> RT11\nPAIR: GBP/USD\nLONG /SHORT: SHORT\nENTRY / COST AVERAGE: 1.6500\nTRADE SIZE: 20%\nSTOP LOSS: 1.6550\nTARGET / LIMIT: 1.6200\nWEEKLY CLOSING PRICE: 1.6478\nPRESENT POSITION: +22 pips</strong></p>\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\n\nBelow is the current list of RADAR TRADES that have yet to trigger from the last blog. Plus there are some additional trade set-ups that interest me.\n\nYou will notice that on all the CAD pairs that entry levels have been amended.\n<p align=\"center\"><strong>RT03:</strong>\n<strong>Currency Pair: NZD/USD</strong>\n<strong>Long/Short: Short</strong>\n<strong>Limit Order Entry Price: 0.8320</strong>\n<strong>My Proposed Position Size: 20%</strong>\n<strong>Stop Loss: 0.8370</strong>\n<strong>Target / Limit: 0.8240</strong></p>\n<p style=\"text-align: center;\"><strong>RT04:</strong>\n<strong>Currency Pair: USD/CAD</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 1.0800</strong>\n<strong>My Proposed Position Size: 20%</strong>\n<strong>Stop Loss: 1.0725</strong>\n<strong>Target / Limit: 1.1230</strong></p>\n<p style=\"text-align: center;\"><strong>RT06:</strong>\n<strong>Currency Pair: EUR/CAD</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 1.4800</strong>\n<strong>My Proposed Position Size: 20%</strong>\n<strong>Stop Loss: 1.4700</strong>\n<strong>Target / Limit: 1.6320</strong></p>\n<p style=\"text-align: center;\"><strong>RT07:</strong>\n<strong>Currency Pair: GBP/CAD</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 1.7840</strong>\n<strong>My Proposed Position Size: 20%</strong>\n<strong>Stop Loss: 1.7750</strong>\n<strong>Target / Limit: 1.9200</strong></p>\n<p style=\"text-align: center;\"><strong>RT10:</strong>\n<strong>Currency Pair: EUR/GBP</strong>\n<strong>Long/Short: Short</strong>\n<strong>Limit Order Entry Price: 0.8320</strong>\n<strong>My Proposed Position Size: 20%</strong>\n<strong>Stop Loss: 0.8400</strong>\n<strong>Target / Limit: 0.8160</strong></p>\n<p style=\"text-align: center;\"><strong>RT13:</strong>\n<strong>Currency Pair: EUR/NZD</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 1.6420</strong>\n<strong>My Proposed Position Size: 10%</strong>\n<strong>Stop Loss: 1.6350</strong>\n<strong>Target / Limit: 1.7500</strong></p>\n<p style=\"text-align: center;\"><strong>RT14:</strong>\n<strong>Currency Pair: GBP/NZD</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 1.9780</strong>\n<strong>My Proposed Position Size: 10%</strong>\n<strong>Stop Loss: 1.9650</strong>\n<strong>Target / Limit: 2.0100</strong></p>\n<p style=\"text-align: center;\"><strong>RT15:</strong>\n<strong>Currency Pair: EUR/AUD</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 1.5100</strong>\n<strong>My Proposed Position Size: 10%</strong>\n<strong>Stop Loss: 1.4980</strong>\n<strong>Target / Limit: 1.5600</strong></p>\n<p style=\"text-align: center;\"><strong>RT16:</strong>\n<strong>Currency Pair: AUD/NZD</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 1.0790</strong>\n<strong>My Proposed Position Size: 20%</strong>\n<strong>Stop Loss: 1.0685</strong>\n<strong>Target / Limit: 1.1050</strong></p>\n<p style=\"text-align: center;\"><strong>RT17:</strong>\n<strong>Currency Pair: AUD/CHF</strong>\n<strong>Long/Short: Long</strong>\n<strong>Limit Order Entry Price: 0.8050</strong>\n<strong>My Proposed Position Size: 10%</strong>\n<strong>Stop Loss: 0.7985</strong>\n<strong>Target / Limit: 0.8270</strong></p>\n<b><span style=\"text-decoration: underline;\">NOTE</span></b>: I will not be able to add limit orders and revise existing limit orders until the market opens tomorrow night (Sunday)\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\n\n<b>EUR/USD: Closing Price 1.3667.</b>  This pair rejected 1.3700 resistance after Non Farm yesterday. I think that if we break higher through 1.3770 next week everything changes. Support is good at 1.3600 and 1.3550 below that I would personally trade the range 1.3550 to 1.3725.\n\n<b>GBP/USD: Closing Price 1.6478. </b>The 1.6500 resistance held pretty well. A huge amount depends upon what happens with the EUR/USD and USD/JPY as to how this pair will play out next week. The UK has Retail Sales data late in the week but we have CPi numbers in Tuesday. Recent data from the UK has been very mixed to say the least. It is well known that BOE Governor Carney does not want the GBP to strengthen too far, but there is nothing planned for his intervention to send the currency towards 1.6000. 1.6400 is good support and I would consider a break above 1.6540 could set us up for a bigger move towards 1.7000\n\n<b>AUD/USD: Closing Price 0.8994</b>.  Although I am short, this pair looks like it could snap higher. A break above 0.9060 I think would be a sentiment change and support is good at 0.8900. The one thing to bear in mind with this pair is the desire by the RBA to have the AUD currency much lower towards 0.8500. Do not fight the RBA.\n\n<b>NZD/USD: Closing Price 0.8298</b>.  The resistance level of 0.8300 has held very well. If the AUD breaks higher it is just a question of how long would it take for the Kiwi to follow. I have a RADAR TRADE short limit entry at 0.8320. Personally, I believe the range to play for the time being is 0.8200 to 0.8300. I am looking for a stop run over 0.8300 to have my entry triggered. That did not happen after Non Farm, which would have been the ideal time given the AUD/USD move after Non Farm. We sit on 0.8300 resistance. If we break above 0.8350 I will start to get twitchy.\n\n<b>USD/CAD: Closing Price 1.0885.  </b>I am so annoyed with myself for missing this break out trade. All my attempts to get an entry I am happy with have failed. I even scalped this pair after Non Farm and exited with small profits because I was not happy with the entry level for a longer-term trade. The trading range at the moment is 1.0800 to 1.0950. I have a buy order at 1.0800. I may still not get the pullback I want!\n\n<b>USD/CHF: Closing Price 0.9021</b>.  This pair is in break out mode and I patiently waited for my entry after Non Farm. Support is good at 0.8950 and above 0.9125 we should be motoring much higher.\n\n<b>USD/JPY: Closing Price 104.15. </b> Every prediction on my chart analysis on this pair I screw up. Ultimately I do think that this pair is going much, much higher. I just think that there will be a pullback first, but I am not too sure how strong a pullback it’s going to be. In April this year the Abe led Government will implement tax changes to hopefully spur inflation towards the 2% target. I want to be long before then. I think we will possibly re-test 103.50 on the short side. Is this the level to get long and stick with it? I am not sure yet.\n\nMy range for this pair at the moment is 103.50 to 104.60.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\n\nSUNDAY: N/A\n\nMONDAY: GBP – CPi.\n\nTUESDAY: USD – Retail and Core Retail Sales.\n\nWEDNESDAY: AUD – Unemployment Numbers and % rates.\n\nTHURSDAY: N/A\n\nFRIDAY: GBP – Retail Sales.\n\n&nbsp;\n\n<b><span style=\"text-decoration: underline;\">8. THE PREMIUM SERVICE:</span></b>\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">THE WEEKLY FX DRIVE-THRU</span></b><b>\n<span style=\"text-decoration: underline;\">PREMIUM SERVICE  2014 </span></b>\n\nI am still working with my software developer to have this addition to the WEEKLY FX DRIVE-THRU ready within the next two weeks. My intention is to launch the PREMIUM SERVICE subscription service as soon as the markets revert back to normal liquidity.\n\nWe have noticed however that a number of people have tried to register already. For anyone who has tried to register their details were deleted by the system under beta testing and even if you believe that you have an existing login or username that is not the case. As soon as I write announcing that the PREMIUM SERVICE is ready, sorry, but you will have to register again.\n\nFor those new readers below I detail the salient points regarding the premium service: -\n\nAs soon as the PREMIUM SERVICE is launched THE WEEKLY FX DRIVE-THRU in its current format will change. It will remain a weekly blog post although it will be more concise in length.\n\nMy “RADAR and FLASH TRADES” will now only be available via the Premium Service. In addition, “TRADE IDEAS &amp; SET UPS” that are tweeted will now only be available to Premium Service subscribers by email and in addition they can be viewed inside the secure section of my website.\n\nExamples of the RADAR and FLASH TRADES excel spreadsheets are in this blog at Section 2.\n\nIn 2013, feedback from subscribers to the “Drive-Thru”, or from readers of the blog via Google+, LinkedIn or Twitter have been raising many questions about Forex Trading in general, such as: -\n\n</p><p align=\"center\"><b>Placing Stops</b></p>\n<p align=\"center\"><b>Strategies on entry and exit</b></p>\n<p align=\"center\"><b>Working with a Trade Plan</b> / <b>What is a Trade Plan?</b></p>\n<p align=\"center\"><b>Risk Assessment</b></p>\n<p align=\"center\"><b>When to fade trades</b></p>\n<p align=\"center\"><b>How to cost average effectively</b></p>\n<p align=\"center\"><b>How to use Trade Zones effectively - Buy Zones and Sell zones</b></p>\n<p align=\"center\"><b>Working with Fibonacci levels</b></p>\n<p align=\"center\"><b>How to find a good broker to partner with</b></p>\n<p align=\"center\"><b>Chart analysis</b></p>\nInside the secure area of my website, you will be able to reference information on all of the above topics plus much more. The library of information will grow during 2014 and my goal is to provide a comprehensive support area to traders of all experience levels. The PREMIUM SERVICE in its secure area will be a learning and reference area to subscribers.\n\nI am also looking to offer training and information based “Webinars” to Premium Service subscription members, if I have sufficient participants. These will be fee based to cover costs.\n\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels, please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new trader or experienced trader it is always good to have a library of information available close at hand.\n\nWhat are the costs of membership?\n\nThere will be 40 weekly blogs / issues per year (I will not write in the Summer and over Christmas periods), with an unlimited amount of follow ups during the week to review and act upon “RADAR and FLASH trades” and issues emanating from previous blogs. In addition trade ideas for trades already in play would also be part of the service, as I will be trading the posted set-ups.\n\nI do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week) </b></p>\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\nShould you have any questions regarding the PREMIUM SERVICE please email me at premiumservice@thepipaccumulator.com<b></b>\n\n<b><span style=\"text-decoration: underline;\"> </span></b>\n\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\n\nA little quieter this week on the news front in particular. However, following Non Farm Payrolls there is usually a bit of follow through to work with and react to.\n\nWe should see liquidity come back to the market even more this week and currency moves should be more sustainable and pretty much back to normal…whatever that means!!\n\nI will be posting RADAR and FLASH trade set ups via twitter as the week progresses and they will be performance measured via spreadsheets in next week blog.\n\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANAGEMENT SKILLS to control your risks.\n\n&nbsp;\n\nScott Pickering\nThe Pip Accumulator\nSaturday January 11<sup>th</sup> 2014\n\nEMAIL / FOLLOW ME AT:\n<a href=\"mailto:drivethru@thepipaccumulator.com\">drivethru@thepipaccumulator.com\n</a>Twitter: @pipaccumulator\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\n\n&nbsp;\n\n&nbsp;','CORRELATIONS ARE OFF…MIXED MESSAGES ON DATA…2014 WELCOMES ALL FX TRADERS!!!','','inherit','open','closed','','2913-autosave-v1','','','2014-01-20 15:16:13','2014-01-20 20:16:13','',2913,'https://weeklyfxdrivethru.com/2913-autosave-v1/',0,'revision','',0),(3052,16,'2014-01-20 12:26:55','2014-01-20 17:26:55','11.01.2014\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nIt was a very quiet first week back for the Fx markets. I thought as the market liquidity levels rose that we would have seen a very volatile opening week of trading. In addition, when you look at the major news events last week, it seemed an “odds on” bet for me. In the end I thought it to be a very tame week.\r\n\r\nFOMC minutes, ADP Non Farm, Interest rate decisions passed off quietly, Draghi said nothing new, the ECB press conference pretty lame, big misses on the U.S. and Canadian Jobs but not really a full follow through…a little boring for me.\r\n\r\nI have been working on the new PREMIUM SERVICE, which I am looking to launch very soon. As soon as I am able to give a launch date I will post a blog, which will deliver direct to WEEKLY FX DRIVE-THRU subscribers an introduction email with details of how to subscribe etc.\r\n\r\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\r\nThis will be a section in the new PREMIUM SERVICE when launched where I will review good and bad trades. At that time it will no longer be a part of the WEEKLY FX DRIVE-THRU. To take advantage of the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, two excel spreadsheets for both types of trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-14.01.2014.png\"><img class=\"aligncenter size-full wp-image-2475\" alt=\"RADAR TRADES 14.01.2014\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2014/01/RADAR-TRADES-14.01.2014.png\" width=\"536\" height=\"478\" /></a>\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p style=\"text-align: center;\"> 1 x MICRO-LOT\r\n3 trades at $0.10 cents each = $0.30 cents risk for a $13.90 reward.\r\n<span style=\"line-height: 1.5em;\">1 x MINI-LOT:\r\n</span><span style=\"line-height: 1.5em;\">3 trades at $1.00 each = $3.00 risk for a $139.00 reward.\r\n</span><span style=\"line-height: 1.5em;\">1 x STANDARD LOT:\r\n</span><span style=\"line-height: 1.5em;\">3 trades at $10.00 each = $30.00 risk for a $1,390.00 reward.</span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-14.01.2014.png\"><img class=\"aligncenter size-full wp-image-2474\" alt=\"FLASH TRADES 14.01.2014\" src=\"http://www.thepipaccumulator.com/blog/wp-content/uploads/2014/01/FLASH-TRADES-14.01.2014.png\" width=\"467\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n4 trades at $0.10 cents each = $0.40 cents risk for an $8.50 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n4 trades at $1.00 each = $4.00 risk for $85.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n4 trades at $10.00 each = $40.00 risk for a $850.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n7 trades at $0.10 cents each = $0.70 risk for a $22.40 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n7 trades at $1.00 each = $7.00 risk for a $224.00 reward.</p>\r\n<p align=\"center\">TRADING STANDARD LOTS:\r\n7 trades at $10.00 each = $70.00 risk for a $2,240.00 reward.</p>\r\nIt is a great start to a new year of trading, albeit quite slow. As I have said many times before… It is no big secret…. It’s all about discipline. I am NOT chasing trades, far from it, it took three/four attempts at pullbacks for GBP/AUD, AUD/USD and GBP/USD to trigger (these trades are still active).\r\n\r\nMy approach is all about discipline. The market will always be there and as long as there is a market there will be opportunities.\r\n<p style=\"text-align: left;\">Look my trading style - it’s simple: -</p>\r\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\r\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\r\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\r\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\r\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\r\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\r\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\r\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong></p>\r\n<p align=\"center\"><strong>PLUS</strong></p>\r\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\r\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\r\nDetails of my new PREMIUM SERVICE that gives you the option to follow the FLASH and RADAR TRADES, amongst other things, follows later in this blog.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. THE VIEW FROM MY TRADING DESK:</span></b>\r\n<p align=\"center\"><b>CORRELATIONS ARE OFF…MIXED MESSAGES ON DATA…2014 WELCOMES ALL FX TRADERS!!!</b><b> </b></p>\r\n<p align=\"center\"><b>WE HAVE TO BE ADAPTIVE AND DISCIPLINED TRADERS AT ALL TIMES</b></p>\r\nLast week in my blog with my predictions for 2014, I mentioned the fact that I strongly suspected that correlations and inter-market relationships may not run as true as in previous years.\r\n\r\nI wrote the following in last week’s blog: -\r\n<p style=\"text-align: center;\"><b><i>“I see this disconnect continuing, hence my forward thinking into 2014 shows disconnects between the majors. My thoughts are that there will be more extended periods when currencies will act independently this year. Correlations will come and go.</i></b></p>\r\n<p align=\"center\"><b><i>Typical examples of “the disconnect” are the following correlations: -</i></b><b><i> </i></b></p>\r\n<p align=\"center\"><b><i>USD / Gold\r\n</i></b><b><i>AUD / NZD\r\n</i></b><b><i>Commodity currencies / equities\r\n</i></b><b><i>EUR / GBP\r\n</i></b><b><i>CAD / USD\r\n</i></b><b><i>JPY / S&amp;P\r\n</i></b><b><i>AUD &amp; NZD / Copper\r\n</i></b><b><i>EUR / CHF\r\n</i></b><b><i>EUR/GBP / GBP/CHF\r\n</i></b><b><i>JPY &amp; CHF / Gold”</i></b></p>\r\n It can be easy to be assumptive and influenced as a trader. I may influence by writing this blog. As a trader, one of the hardest aspects of trading to master and be consistent in doing so is being able to remove all the noise around you and trade your own plan.\r\n\r\nPrior to the Non Farm Payroll release if you were influenced (and it is not hard to be), by all the experts and pundits on TV and written articles you would have been totally 100% set up on the wrong side of the trade.\r\n\r\nIn my blog last week I missed two news events that have been very well linked of late; ADP Non-Farm figures and the U.S. Government Non-Farm Payroll statistics.\r\n\r\nThese have been very correlated of late, so much so, that analysis’s expectations were raised for “Non-Farm’ on Friday on the back of excellent “ADP Employment data” figures released last Wednesday. Expectations of 190,000 additional people working were whispered to be around 225,000 following good ADP numbers last Wednesday. The actual release was a mere 74,000 additional people working. That is what is referred to as a miss.\r\n\r\nMy main reason for revisiting a similar theme to last week’s blog is to re-emphasize the fact that I think that in this year to be a successful Fx trader you will need to adapt to perhaps some very new disciplines.\r\n<ol>\r\n	<li>Ignore the “noise” around you. By noise, I mean a lot of the pointless financial chatter on Bloomberg or CNBC. This can also include bloggers like myself. You have to be your own trader. Take council, and do your research, but the buck stops with you.</li>\r\n	<li>Note: The experts on TV are just selling their book and taking guesses at economic data. You and I can take just as good a guess as they can a lot of the time.</li>\r\n	<li>Fundamentals do matter. Fundamentals in my opinion should be directly linked to the type of trader you aspire to be. e.g. Scalpers need not worry too much about fundamentals. Longer-term traders definitely need to consider the fundamentals.</li>\r\n	<li>Be flexible as a trader. More than ever this is a critical success factor. Do not pigeon hole yourself as “ Swing”, “Scalper”, “Long-Term”, “Fundamental” or a “Technical” trader. I firmly believe that in 2014 you will require a little bit of everything in order to keep your head above water.</li>\r\n	<li>Finally, take nothing for granted. If in doubt exit trades and bank profits. Do not let losing trades run away from you.</li>\r\n	<li>I nearly always close my blogs with words like these…Trade smaller position sizes, with wider stops and work your Trading Plan using proper Money Management.</li>\r\n</ol>\r\nIt’s all boring but essential stuff that we have all heard before many times. If I am correct and this is the “dis-connect” year we will all need a 100% disciplined approach to trading.\r\n\r\nIt is far too easy to be suckered into trades in the forex market. It is a totally unforgiving trading environment. Be disciplined at all times.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nFLASH TRADES: No live FLASH TRADES at this time.\r\n\r\nRADAR TRADES: The following trades are live. They all emanated from last weeks MIDWEEK FX FIX trade set-ups.\r\n<p style=\"text-align: center;\"><strong> RT01\r\n</strong><strong style=\"line-height: 1.5em;\">PAIR: USD/CHF\r\n</strong><strong style=\"line-height: 1.5em;\">LONG /SHORT: LONG\r\n</strong><strong style=\"line-height: 1.5em;\">ENTRY / COST AVERAGE: 0.9030\r\n</strong><strong style=\"line-height: 1.5em;\">TRADE SIZE: 20%\r\n</strong><strong style=\"line-height: 1.5em;\">STOP LOSS: 0.8940\r\n</strong><strong style=\"line-height: 1.5em;\">TARGET / LIMIT: 0.9450\r\n</strong><strong style=\"line-height: 1.5em;\">WEEKLY CLOSING PRICE: 0.9021\r\n</strong><strong style=\"line-height: 1.5em;\">PRESENT POSITION: -9 pips</strong></p>\r\n<p align=\"center\"><strong>RT02</strong>\r\n<strong>PAIR: AUD/USD</strong>\r\n<strong>LONG/ SHORT: SHORT</strong>\r\n<strong>ENTRY / COST AVERAGE: 0.9000</strong>\r\n<strong>TRADE SIZE: 20%</strong>\r\n<strong>STOP LOSS: 0.9050</strong>\r\n<strong>TARGET / LIMIT: 0.8500</strong>\r\n<strong>WEEKLY CLOSING PRICE: 0.8994</strong>\r\n<strong>PRESENT POSITION: +6 pips</strong></p>\r\n<p align=\"center\"><strong> RT05</strong>\r\n<strong>PAIR: GBP/AUD</strong>\r\n<strong>LONG /SHORT: LONG</strong>\r\n<strong>ENTRY / COST AVERAGE: 1.8350</strong>\r\n<strong>TRADE SIZE: 10%</strong>\r\n<strong>STOP LOSS: 1.8250</strong>\r\n<strong>TARGET / LIMIT: 1.9670</strong>\r\n<strong>WEEKLY CLOSING PRICE: 1.8314</strong>\r\n<strong>PRESENT POSITION: -36 pips</strong></p>\r\n<p align=\"center\"><strong> RT11\r\nPAIR: GBP/USD\r\nLONG /SHORT: SHORT\r\nENTRY / COST AVERAGE: 1.6500\r\nTRADE SIZE: 20%\r\nSTOP LOSS: 1.6550\r\nTARGET / LIMIT: 1.6200\r\nWEEKLY CLOSING PRICE: 1.6478\r\nPRESENT POSITION: +22 pips</strong></p>\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nBelow is the current list of RADAR TRADES that have yet to trigger from the last blog. Plus there are some additional trade set-ups that interest me.\r\n\r\nYou will notice that on all the CAD pairs that entry levels have been amended.\r\n<p align=\"center\"><strong>RT03:</strong>\r\n<strong>Currency Pair: NZD/USD</strong>\r\n<strong>Long/Short: Short</strong>\r\n<strong>Limit Order Entry Price: 0.8320</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 0.8370</strong>\r\n<strong>Target / Limit: 0.8240</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT04:</strong>\r\n<strong>Currency Pair: USD/CAD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.0800</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.0725</strong>\r\n<strong>Target / Limit: 1.1230</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT06:</strong>\r\n<strong>Currency Pair: EUR/CAD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.4800</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.4700</strong>\r\n<strong>Target / Limit: 1.6320</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT07:</strong>\r\n<strong>Currency Pair: GBP/CAD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.7840</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.7750</strong>\r\n<strong>Target / Limit: 1.9200</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT10:</strong>\r\n<strong>Currency Pair: EUR/GBP</strong>\r\n<strong>Long/Short: Short</strong>\r\n<strong>Limit Order Entry Price: 0.8320</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 0.8400</strong>\r\n<strong>Target / Limit: 0.8160</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT13:</strong>\r\n<strong>Currency Pair: EUR/NZD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.6420</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 1.6350</strong>\r\n<strong>Target / Limit: 1.7500</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT14:</strong>\r\n<strong>Currency Pair: GBP/NZD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.9780</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 1.9650</strong>\r\n<strong>Target / Limit: 2.0100</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT15:</strong>\r\n<strong>Currency Pair: EUR/AUD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.5100</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 1.4980</strong>\r\n<strong>Target / Limit: 1.5600</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT16:</strong>\r\n<strong>Currency Pair: AUD/NZD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.0790</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.0685</strong>\r\n<strong>Target / Limit: 1.1050</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT17:</strong>\r\n<strong>Currency Pair: AUD/CHF</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 0.8050</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 0.7985</strong>\r\n<strong>Target / Limit: 0.8270</strong></p>\r\n<b><span style=\"text-decoration: underline;\">NOTE</span></b>: I will not be able to add limit orders and revise existing limit orders until the market opens tomorrow night (Sunday)\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3667.</b>  This pair rejected 1.3700 resistance after Non Farm yesterday. I think that if we break higher through 1.3770 next week everything changes. Support is good at 1.3600 and 1.3550 below that I would personally trade the range 1.3550 to 1.3725.\r\n\r\n<b>GBP/USD: Closing Price 1.6478. </b>The 1.6500 resistance held pretty well. A huge amount depends upon what happens with the EUR/USD and USD/JPY as to how this pair will play out next week. The UK has Retail Sales data late in the week but we have CPi numbers in Tuesday. Recent data from the UK has been very mixed to say the least. It is well known that BOE Governor Carney does not want the GBP to strengthen too far, but there is nothing planned for his intervention to send the currency towards 1.6000. 1.6400 is good support and I would consider a break above 1.6540 could set us up for a bigger move towards 1.7000\r\n\r\n<b>AUD/USD: Closing Price 0.8994</b>.  Although I am short, this pair looks like it could snap higher. A break above 0.9060 I think would be a sentiment change and support is good at 0.8900. The one thing to bear in mind with this pair is the desire by the RBA to have the AUD currency much lower towards 0.8500. Do not fight the RBA.\r\n\r\n<b>NZD/USD: Closing Price 0.8298</b>.  The resistance level of 0.8300 has held very well. If the AUD breaks higher it is just a question of how long would it take for the Kiwi to follow. I have a RADAR TRADE short limit entry at 0.8320. Personally, I believe the range to play for the time being is 0.8200 to 0.8300. I am looking for a stop run over 0.8300 to have my entry triggered. That did not happen after Non Farm, which would have been the ideal time given the AUD/USD move after Non Farm. We sit on 0.8300 resistance. If we break above 0.8350 I will start to get twitchy.\r\n\r\n<b>USD/CAD: Closing Price 1.0885.  </b>I am so annoyed with myself for missing this break out trade. All my attempts to get an entry I am happy with have failed. I even scalped this pair after Non Farm and exited with small profits because I was not happy with the entry level for a longer-term trade. The trading range at the moment is 1.0800 to 1.0950. I have a buy order at 1.0800. I may still not get the pullback I want!\r\n\r\n<b>USD/CHF: Closing Price 0.9021</b>.  This pair is in break out mode and I patiently waited for my entry after Non Farm. Support is good at 0.8950 and above 0.9125 we should be motoring much higher.\r\n\r\n<b>USD/JPY: Closing Price 104.15. </b> Every prediction on my chart analysis on this pair I screw up. Ultimately I do think that this pair is going much, much higher. I just think that there will be a pullback first, but I am not too sure how strong a pullback it’s going to be. In April this year the Abe led Government will implement tax changes to hopefully spur inflation towards the 2% target. I want to be long before then. I think we will possibly re-test 103.50 on the short side. Is this the level to get long and stick with it? I am not sure yet.\r\n\r\nMy range for this pair at the moment is 103.50 to 104.60.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: GBP – CPi.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\n\r\nWEDNESDAY: AUD – Unemployment Numbers and % rates.\r\n\r\nTHURSDAY: N/A\r\n\r\nFRIDAY: GBP – Retail Sales.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">8. THE PREMIUM SERVICE:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">THE WEEKLY FX DRIVE-THRU</span></b><b>\r\n<span style=\"text-decoration: underline;\">PREMIUM SERVICE  2014 </span></b>\r\n\r\nI am still working with my software developer to have this addition to the WEEKLY FX DRIVE-THRU ready within the next two weeks. My intention is to launch the PREMIUM SERVICE subscription service as soon as the markets revert back to normal liquidity.\r\n\r\nWe have noticed however that a number of people have tried to register already. For anyone who has tried to register their details were deleted by the system under beta testing and even if you believe that you have an existing login or username that is not the case. As soon as I write announcing that the PREMIUM SERVICE is ready, sorry, but you will have to register again.\r\n\r\nFor those new readers below I detail the salient points regarding the premium service: -\r\n\r\nAs soon as the PREMIUM SERVICE is launched THE WEEKLY FX DRIVE-THRU in its current format will change. It will remain a weekly blog post although it will be more concise in length.\r\n\r\nMy “RADAR and FLASH TRADES” will now only be available via the Premium Service. In addition, “TRADE IDEAS &amp; SET UPS” that are tweeted will now only be available to Premium Service subscribers by email and in addition they can be viewed inside the secure section of my website.\r\n\r\nExamples of the RADAR and FLASH TRADES excel spreadsheets are in this blog at Section 2.\r\n\r\nIn 2013, feedback from subscribers to the “Drive-Thru”, or from readers of the blog via Google+, LinkedIn or Twitter have been raising many questions about Forex Trading in general, such as: -\r\n\r\n</p><p align=\"center\"><b>Placing Stops</b></p>\r\n<p align=\"center\"><b>Strategies on entry and exit</b></p>\r\n<p align=\"center\"><b>Working with a Trade Plan</b> / <b>What is a Trade Plan?</b></p>\r\n<p align=\"center\"><b>Risk Assessment</b></p>\r\n<p align=\"center\"><b>When to fade trades</b></p>\r\n<p align=\"center\"><b>How to cost average effectively</b></p>\r\n<p align=\"center\"><b>How to use Trade Zones effectively - Buy Zones and Sell zones</b></p>\r\n<p align=\"center\"><b>Working with Fibonacci levels</b></p>\r\n<p align=\"center\"><b>How to find a good broker to partner with</b></p>\r\n<p align=\"center\"><b>Chart analysis</b></p>\r\nInside the secure area of my website, you will be able to reference information on all of the above topics plus much more. The library of information will grow during 2014 and my goal is to provide a comprehensive support area to traders of all experience levels. The PREMIUM SERVICE in its secure area will be a learning and reference area to subscribers.\r\n\r\nI am also looking to offer training and information based “Webinars” to Premium Service subscription members, if I have sufficient participants. These will be fee based to cover costs.\r\n\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels, please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new trader or experienced trader it is always good to have a library of information available close at hand.\r\n\r\nWhat are the costs of membership?\r\n\r\nThere will be 40 weekly blogs / issues per year (I will not write in the Summer and over Christmas periods), with an unlimited amount of follow ups during the week to review and act upon “RADAR and FLASH trades” and issues emanating from previous blogs. In addition trade ideas for trades already in play would also be part of the service, as I will be trading the posted set-ups.\r\n\r\nI do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week) </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\nShould you have any questions regarding the PREMIUM SERVICE please email me at premiumservice@thepipaccumulator.com<b></b>\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nA little quieter this week on the news front in particular. However, following Non Farm Payrolls there is usually a bit of follow through to work with and react to.\r\n\r\nWe should see liquidity come back to the market even more this week and currency moves should be more sustainable and pretty much back to normal…whatever that means!!\r\n\r\nI will be posting RADAR and FLASH trade set ups via twitter as the week progresses and they will be performance measured via spreadsheets in next week blog.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANAGEMENT SKILLS to control your risks.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 11<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\n<a href=\"mailto:drivethru@thepipaccumulator.com\">drivethru@thepipaccumulator.com\r\n</a>Twitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','CORRELATIONS ARE OFF…MIXED MESSAGES ON DATA…2014 WELCOMES ALL FX TRADERS!!!','','inherit','open','closed','','2913-revision-v1','','','2014-01-20 12:26:55','2014-01-20 17:26:55','',2913,'https://weeklyfxdrivethru.com/2913-revision-v1/',0,'revision','',0),(3053,16,'2014-01-20 12:29:26','2014-01-20 17:29:26','11.01.2014\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nIt was a very quiet first week back for the Fx markets. I thought as the market liquidity levels rose that we would have seen a very volatile opening week of trading. In addition, when you look at the major news events last week, it seemed an “odds on” bet for me. In the end I thought it to be a very tame week.\r\n\r\nFOMC minutes, ADP Non Farm, Interest rate decisions passed off quietly, Draghi said nothing new, the ECB press conference pretty lame, big misses on the U.S. and Canadian Jobs but not really a full follow through…a little boring for me.\r\n\r\nI have been working on the new PREMIUM SERVICE, which I am looking to launch very soon. As soon as I am able to give a launch date I will post a blog, which will deliver direct to WEEKLY FX DRIVE-THRU subscribers an introduction email with details of how to subscribe etc.\r\n\r\n<b><span style=\"text-decoration: underline;\">2. RADAR AND FLASH TRADES TRADING SUMMARY:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014 and YEAR to date:</span></b></p>\r\nThis will be a section in the new PREMIUM SERVICE when launched where I will review good and bad trades. At that time it will no longer be a part of the WEEKLY FX DRIVE-THRU. To take advantage of the trade set-ups you will need to be a PREMIUM SERVICE subscriber.\r\n\r\nI have included below, two excel spreadsheets for both types of trading styles that I refer to when I am “tweeting”, using Google+ or any other social network.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-14.01.2014.png\"><img class=\"aligncenter size-full wp-image-2475\" alt=\"RADAR TRADES 14.01.2014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-14.01.2014.png\" width=\"536\" height=\"478\" /></a>\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p style=\"text-align: center;\"> 1 x MICRO-LOT\r\n3 trades at $0.10 cents each = $0.30 cents risk for a $13.90 reward.\r\n<span style=\"line-height: 1.5em;\">1 x MINI-LOT:\r\n</span><span style=\"line-height: 1.5em;\">3 trades at $1.00 each = $3.00 risk for a $139.00 reward.\r\n</span><span style=\"line-height: 1.5em;\">1 x STANDARD LOT:\r\n</span><span style=\"line-height: 1.5em;\">3 trades at $10.00 each = $30.00 risk for a $1,390.00 reward.</span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-14.01.2014.png\"><img class=\"aligncenter size-full wp-image-2474\" alt=\"FLASH TRADES 14.01.2014\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-14.01.2014.png\" width=\"467\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n4 trades at $0.10 cents each = $0.40 cents risk for an $8.50 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n4 trades at $1.00 each = $4.00 risk for $85.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n4 trades at $10.00 each = $40.00 risk for a $850.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\"> </span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">JANUARY 2014…SO FAR:</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n7 trades at $0.10 cents each = $0.70 risk for a $22.40 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n7 trades at $1.00 each = $7.00 risk for a $224.00 reward.</p>\r\n<p align=\"center\">TRADING STANDARD LOTS:\r\n7 trades at $10.00 each = $70.00 risk for a $2,240.00 reward.</p>\r\nIt is a great start to a new year of trading, albeit quite slow. As I have said many times before… It is no big secret…. It’s all about discipline. I am NOT chasing trades, far from it, it took three/four attempts at pullbacks for GBP/AUD, AUD/USD and GBP/USD to trigger (these trades are still active).\r\n\r\nMy approach is all about discipline. The market will always be there and as long as there is a market there will be opportunities.\r\n<p style=\"text-align: left;\">Look my trading style - it’s simple: -</p>\r\n<p align=\"center\"><strong>FUNDAMENTALS MATTER TO ME</strong></p>\r\n<p align=\"center\"><strong>I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</strong></p>\r\n<p align=\"center\"><strong>I TRADE LOW RISK</strong></p>\r\n<p align=\"center\"><strong>I DO NOT CHASE MARKETS</strong></p>\r\n<p align=\"center\"><strong>I LIKE THE TRADES TO COME TO ME</strong></p>\r\n<p align=\"center\"><strong>I AM NOT A GREEDY TRADER</strong></p>\r\n<p align=\"center\"><strong>I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</strong></p>\r\n<p align=\"center\"><strong>I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</strong></p>\r\n<p align=\"center\"><strong>PLUS</strong></p>\r\n<p align=\"center\"><strong>MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</strong></p>\r\n<p align=\"center\"><strong>I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</strong></p>\r\nDetails of my new PREMIUM SERVICE that gives you the option to follow the FLASH and RADAR TRADES, amongst other things, follows later in this blog.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. THE VIEW FROM MY TRADING DESK:</span></b>\r\n<p align=\"center\"><b>CORRELATIONS ARE OFF…MIXED MESSAGES ON DATA…2014 WELCOMES ALL FX TRADERS!!!</b><b> </b></p>\r\n<p align=\"center\"><b>WE HAVE TO BE ADAPTIVE AND DISCIPLINED TRADERS AT ALL TIMES</b></p>\r\nLast week in my blog with my predictions for 2014, I mentioned the fact that I strongly suspected that correlations and inter-market relationships may not run as true as in previous years.\r\n\r\nI wrote the following in last week’s blog: -\r\n<p style=\"text-align: center;\"><b><i>“I see this disconnect continuing, hence my forward thinking into 2014 shows disconnects between the majors. My thoughts are that there will be more extended periods when currencies will act independently this year. Correlations will come and go.</i></b></p>\r\n<p align=\"center\"><b><i>Typical examples of “the disconnect” are the following correlations: -</i></b><b><i> </i></b></p>\r\n<p align=\"center\"><b><i>USD / Gold\r\n</i></b><b><i>AUD / NZD\r\n</i></b><b><i>Commodity currencies / equities\r\n</i></b><b><i>EUR / GBP\r\n</i></b><b><i>CAD / USD\r\n</i></b><b><i>JPY / S&amp;P\r\n</i></b><b><i>AUD &amp; NZD / Copper\r\n</i></b><b><i>EUR / CHF\r\n</i></b><b><i>EUR/GBP / GBP/CHF\r\n</i></b><b><i>JPY &amp; CHF / Gold”</i></b></p>\r\n It can be easy to be assumptive and influenced as a trader. I may influence by writing this blog. As a trader, one of the hardest aspects of trading to master and be consistent in doing so is being able to remove all the noise around you and trade your own plan.\r\n\r\nPrior to the Non Farm Payroll release if you were influenced (and it is not hard to be), by all the experts and pundits on TV and written articles you would have been totally 100% set up on the wrong side of the trade.\r\n\r\nIn my blog last week I missed two news events that have been very well linked of late; ADP Non-Farm figures and the U.S. Government Non-Farm Payroll statistics.\r\n\r\nThese have been very correlated of late, so much so, that analysis’s expectations were raised for “Non-Farm’ on Friday on the back of excellent “ADP Employment data” figures released last Wednesday. Expectations of 190,000 additional people working were whispered to be around 225,000 following good ADP numbers last Wednesday. The actual release was a mere 74,000 additional people working. That is what is referred to as a miss.\r\n\r\nMy main reason for revisiting a similar theme to last week’s blog is to re-emphasize the fact that I think that in this year to be a successful Fx trader you will need to adapt to perhaps some very new disciplines.\r\n<ol>\r\n	<li>Ignore the “noise” around you. By noise, I mean a lot of the pointless financial chatter on Bloomberg or CNBC. This can also include bloggers like myself. You have to be your own trader. Take council, and do your research, but the buck stops with you.</li>\r\n	<li>Note: The experts on TV are just selling their book and taking guesses at economic data. You and I can take just as good a guess as they can a lot of the time.</li>\r\n	<li>Fundamentals do matter. Fundamentals in my opinion should be directly linked to the type of trader you aspire to be. e.g. Scalpers need not worry too much about fundamentals. Longer-term traders definitely need to consider the fundamentals.</li>\r\n	<li>Be flexible as a trader. More than ever this is a critical success factor. Do not pigeon hole yourself as “ Swing”, “Scalper”, “Long-Term”, “Fundamental” or a “Technical” trader. I firmly believe that in 2014 you will require a little bit of everything in order to keep your head above water.</li>\r\n	<li>Finally, take nothing for granted. If in doubt exit trades and bank profits. Do not let losing trades run away from you.</li>\r\n	<li>I nearly always close my blogs with words like these…Trade smaller position sizes, with wider stops and work your Trading Plan using proper Money Management.</li>\r\n</ol>\r\nIt’s all boring but essential stuff that we have all heard before many times. If I am correct and this is the “dis-connect” year we will all need a 100% disciplined approach to trading.\r\n\r\nIt is far too easy to be suckered into trades in the forex market. It is a totally unforgiving trading environment. Be disciplined at all times.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nFLASH TRADES: No live FLASH TRADES at this time.\r\n\r\nRADAR TRADES: The following trades are live. They all emanated from last weeks MIDWEEK FX FIX trade set-ups.\r\n<p style=\"text-align: center;\"><strong> RT01\r\n</strong><strong style=\"line-height: 1.5em;\">PAIR: USD/CHF\r\n</strong><strong style=\"line-height: 1.5em;\">LONG /SHORT: LONG\r\n</strong><strong style=\"line-height: 1.5em;\">ENTRY / COST AVERAGE: 0.9030\r\n</strong><strong style=\"line-height: 1.5em;\">TRADE SIZE: 20%\r\n</strong><strong style=\"line-height: 1.5em;\">STOP LOSS: 0.8940\r\n</strong><strong style=\"line-height: 1.5em;\">TARGET / LIMIT: 0.9450\r\n</strong><strong style=\"line-height: 1.5em;\">WEEKLY CLOSING PRICE: 0.9021\r\n</strong><strong style=\"line-height: 1.5em;\">PRESENT POSITION: -9 pips</strong></p>\r\n<p align=\"center\"><strong>RT02</strong>\r\n<strong>PAIR: AUD/USD</strong>\r\n<strong>LONG/ SHORT: SHORT</strong>\r\n<strong>ENTRY / COST AVERAGE: 0.9000</strong>\r\n<strong>TRADE SIZE: 20%</strong>\r\n<strong>STOP LOSS: 0.9050</strong>\r\n<strong>TARGET / LIMIT: 0.8500</strong>\r\n<strong>WEEKLY CLOSING PRICE: 0.8994</strong>\r\n<strong>PRESENT POSITION: +6 pips</strong></p>\r\n<p align=\"center\"><strong> RT05</strong>\r\n<strong>PAIR: GBP/AUD</strong>\r\n<strong>LONG /SHORT: LONG</strong>\r\n<strong>ENTRY / COST AVERAGE: 1.8350</strong>\r\n<strong>TRADE SIZE: 10%</strong>\r\n<strong>STOP LOSS: 1.8250</strong>\r\n<strong>TARGET / LIMIT: 1.9670</strong>\r\n<strong>WEEKLY CLOSING PRICE: 1.8314</strong>\r\n<strong>PRESENT POSITION: -36 pips</strong></p>\r\n<p align=\"center\"><strong> RT11\r\nPAIR: GBP/USD\r\nLONG /SHORT: SHORT\r\nENTRY / COST AVERAGE: 1.6500\r\nTRADE SIZE: 20%\r\nSTOP LOSS: 1.6550\r\nTARGET / LIMIT: 1.6200\r\nWEEKLY CLOSING PRICE: 1.6478\r\nPRESENT POSITION: +22 pips</strong></p>\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nBelow is the current list of RADAR TRADES that have yet to trigger from the last blog. Plus there are some additional trade set-ups that interest me.\r\n\r\nYou will notice that on all the CAD pairs that entry levels have been amended.\r\n<p align=\"center\"><strong>RT03:</strong>\r\n<strong>Currency Pair: NZD/USD</strong>\r\n<strong>Long/Short: Short</strong>\r\n<strong>Limit Order Entry Price: 0.8320</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 0.8370</strong>\r\n<strong>Target / Limit: 0.8240</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT04:</strong>\r\n<strong>Currency Pair: USD/CAD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.0800</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.0725</strong>\r\n<strong>Target / Limit: 1.1230</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT06:</strong>\r\n<strong>Currency Pair: EUR/CAD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.4800</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.4700</strong>\r\n<strong>Target / Limit: 1.6320</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT07:</strong>\r\n<strong>Currency Pair: GBP/CAD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.7840</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.7750</strong>\r\n<strong>Target / Limit: 1.9200</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT10:</strong>\r\n<strong>Currency Pair: EUR/GBP</strong>\r\n<strong>Long/Short: Short</strong>\r\n<strong>Limit Order Entry Price: 0.8320</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 0.8400</strong>\r\n<strong>Target / Limit: 0.8160</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT13:</strong>\r\n<strong>Currency Pair: EUR/NZD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.6420</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 1.6350</strong>\r\n<strong>Target / Limit: 1.7500</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT14:</strong>\r\n<strong>Currency Pair: GBP/NZD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.9780</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 1.9650</strong>\r\n<strong>Target / Limit: 2.0100</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT15:</strong>\r\n<strong>Currency Pair: EUR/AUD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.5100</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 1.4980</strong>\r\n<strong>Target / Limit: 1.5600</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT16:</strong>\r\n<strong>Currency Pair: AUD/NZD</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 1.0790</strong>\r\n<strong>My Proposed Position Size: 20%</strong>\r\n<strong>Stop Loss: 1.0685</strong>\r\n<strong>Target / Limit: 1.1050</strong></p>\r\n<p style=\"text-align: center;\"><strong>RT17:</strong>\r\n<strong>Currency Pair: AUD/CHF</strong>\r\n<strong>Long/Short: Long</strong>\r\n<strong>Limit Order Entry Price: 0.8050</strong>\r\n<strong>My Proposed Position Size: 10%</strong>\r\n<strong>Stop Loss: 0.7985</strong>\r\n<strong>Target / Limit: 0.8270</strong></p>\r\n<b><span style=\"text-decoration: underline;\">NOTE</span></b>: I will not be able to add limit orders and revise existing limit orders until the market opens tomorrow night (Sunday)\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>EUR/USD: Closing Price 1.3667.</b>  This pair rejected 1.3700 resistance after Non Farm yesterday. I think that if we break higher through 1.3770 next week everything changes. Support is good at 1.3600 and 1.3550 below that I would personally trade the range 1.3550 to 1.3725.\r\n\r\n<b>GBP/USD: Closing Price 1.6478. </b>The 1.6500 resistance held pretty well. A huge amount depends upon what happens with the EUR/USD and USD/JPY as to how this pair will play out next week. The UK has Retail Sales data late in the week but we have CPi numbers in Tuesday. Recent data from the UK has been very mixed to say the least. It is well known that BOE Governor Carney does not want the GBP to strengthen too far, but there is nothing planned for his intervention to send the currency towards 1.6000. 1.6400 is good support and I would consider a break above 1.6540 could set us up for a bigger move towards 1.7000\r\n\r\n<b>AUD/USD: Closing Price 0.8994</b>.  Although I am short, this pair looks like it could snap higher. A break above 0.9060 I think would be a sentiment change and support is good at 0.8900. The one thing to bear in mind with this pair is the desire by the RBA to have the AUD currency much lower towards 0.8500. Do not fight the RBA.\r\n\r\n<b>NZD/USD: Closing Price 0.8298</b>.  The resistance level of 0.8300 has held very well. If the AUD breaks higher it is just a question of how long would it take for the Kiwi to follow. I have a RADAR TRADE short limit entry at 0.8320. Personally, I believe the range to play for the time being is 0.8200 to 0.8300. I am looking for a stop run over 0.8300 to have my entry triggered. That did not happen after Non Farm, which would have been the ideal time given the AUD/USD move after Non Farm. We sit on 0.8300 resistance. If we break above 0.8350 I will start to get twitchy.\r\n\r\n<b>USD/CAD: Closing Price 1.0885.  </b>I am so annoyed with myself for missing this break out trade. All my attempts to get an entry I am happy with have failed. I even scalped this pair after Non Farm and exited with small profits because I was not happy with the entry level for a longer-term trade. The trading range at the moment is 1.0800 to 1.0950. I have a buy order at 1.0800. I may still not get the pullback I want!\r\n\r\n<b>USD/CHF: Closing Price 0.9021</b>.  This pair is in break out mode and I patiently waited for my entry after Non Farm. Support is good at 0.8950 and above 0.9125 we should be motoring much higher.\r\n\r\n<b>USD/JPY: Closing Price 104.15. </b> Every prediction on my chart analysis on this pair I screw up. Ultimately I do think that this pair is going much, much higher. I just think that there will be a pullback first, but I am not too sure how strong a pullback it’s going to be. In April this year the Abe led Government will implement tax changes to hopefully spur inflation towards the 2% target. I want to be long before then. I think we will possibly re-test 103.50 on the short side. Is this the level to get long and stick with it? I am not sure yet.\r\n\r\nMy range for this pair at the moment is 103.50 to 104.60.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: GBP – CPi.\r\n\r\nTUESDAY: USD – Retail and Core Retail Sales.\r\n\r\nWEDNESDAY: AUD – Unemployment Numbers and % rates.\r\n\r\nTHURSDAY: N/A\r\n\r\nFRIDAY: GBP – Retail Sales.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">8. THE PREMIUM SERVICE:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">THE WEEKLY FX DRIVE-THRU</span></b><b>\r\n<span style=\"text-decoration: underline;\">PREMIUM SERVICE  2014 </span></b>\r\n\r\nI am still working with my software developer to have this addition to the WEEKLY FX DRIVE-THRU ready within the next two weeks. My intention is to launch the PREMIUM SERVICE subscription service as soon as the markets revert back to normal liquidity.\r\n\r\nWe have noticed however that a number of people have tried to register already. For anyone who has tried to register their details were deleted by the system under beta testing and even if you believe that you have an existing login or username that is not the case. As soon as I write announcing that the PREMIUM SERVICE is ready, sorry, but you will have to register again.\r\n\r\nFor those new readers below I detail the salient points regarding the premium service: -\r\n\r\nAs soon as the PREMIUM SERVICE is launched THE WEEKLY FX DRIVE-THRU in its current format will change. It will remain a weekly blog post although it will be more concise in length.\r\n\r\nMy “RADAR and FLASH TRADES” will now only be available via the Premium Service. In addition, “TRADE IDEAS &amp; SET UPS” that are tweeted will now only be available to Premium Service subscribers by email and in addition they can be viewed inside the secure section of my website.\r\n\r\nExamples of the RADAR and FLASH TRADES excel spreadsheets are in this blog at Section 2.\r\n\r\nIn 2013, feedback from subscribers to the “Drive-Thru”, or from readers of the blog via Google+, LinkedIn or Twitter have been raising many questions about Forex Trading in general, such as: -\r\n\r\n</p><p align=\"center\"><b>Placing Stops</b></p>\r\n<p align=\"center\"><b>Strategies on entry and exit</b></p>\r\n<p align=\"center\"><b>Working with a Trade Plan</b> / <b>What is a Trade Plan?</b></p>\r\n<p align=\"center\"><b>Risk Assessment</b></p>\r\n<p align=\"center\"><b>When to fade trades</b></p>\r\n<p align=\"center\"><b>How to cost average effectively</b></p>\r\n<p align=\"center\"><b>How to use Trade Zones effectively - Buy Zones and Sell zones</b></p>\r\n<p align=\"center\"><b>Working with Fibonacci levels</b></p>\r\n<p align=\"center\"><b>How to find a good broker to partner with</b></p>\r\n<p align=\"center\"><b>Chart analysis</b></p>\r\nInside the secure area of my website, you will be able to reference information on all of the above topics plus much more. The library of information will grow during 2014 and my goal is to provide a comprehensive support area to traders of all experience levels. The PREMIUM SERVICE in its secure area will be a learning and reference area to subscribers.\r\n\r\nI am also looking to offer training and information based “Webinars” to Premium Service subscription members, if I have sufficient participants. These will be fee based to cover costs.\r\n\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels, please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new trader or experienced trader it is always good to have a library of information available close at hand.\r\n\r\nWhat are the costs of membership?\r\n\r\nThere will be 40 weekly blogs / issues per year (I will not write in the Summer and over Christmas periods), with an unlimited amount of follow ups during the week to review and act upon “RADAR and FLASH trades” and issues emanating from previous blogs. In addition trade ideas for trades already in play would also be part of the service, as I will be trading the posted set-ups.\r\n\r\nI do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week) </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\nShould you have any questions regarding the PREMIUM SERVICE please email me at premiumservice@thepipaccumulator.com<b></b>\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nA little quieter this week on the news front in particular. However, following Non Farm Payrolls there is usually a bit of follow through to work with and react to.\r\n\r\nWe should see liquidity come back to the market even more this week and currency moves should be more sustainable and pretty much back to normal…whatever that means!!\r\n\r\nI will be posting RADAR and FLASH trade set ups via twitter as the week progresses and they will be performance measured via spreadsheets in next week blog.\r\n\r\nGood luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANAGEMENT SKILLS to control your risks.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday January 11<sup>th</sup> 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\n<a href=\"mailto:drivethru@thepipaccumulator.com\">drivethru@thepipaccumulator.com\r\n</a>Twitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','CORRELATIONS ARE OFF…MIXED MESSAGES ON DATA…2014 WELCOMES ALL FX TRADERS!!!','','inherit','open','closed','','2913-revision-v1','','','2014-01-20 12:29:26','2014-01-20 17:29:26','',2913,'https://weeklyfxdrivethru.com/2913-revision-v1/',0,'revision','',0),(3055,16,'2014-01-20 13:01:23','2014-01-20 18:01:23','21.12.2013\r\n\r\n<b><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></b>\r\n\r\nWell…at least you can say that I am consistent.\r\n\r\nThe last two big FED / FOMC announcements I got wrong. My predictions were incorrect on both occasions.\r\n\r\nThe one consistent that can be taken from my poor predictions is that on both occasions, I had a plan, and if the plan did not kick in I did not chase the market, and so, I am at the very least disciplined with my approach. Not so good at predicting the news but a great example of “have a plan and trade your plan”.\r\n\r\n2013, is now 100% over for my trading. I took three FLASH TRADES after the FOMC and stayed with them for over 24 hours but closed them yesterday (Friday) as I do not want risk exposure over the holidays. The one consistent with trading forex is that there is always the next day to look forward to. Unless you are totally insane and rush in, there are always trade opportunities each day, and it’s all about figuring out the best ones for you as a trader to look at more deeply.\r\n\r\nI should mention the PREMIUM SERVICE at this point. I am busily getting the software and posting formats ready and you may have noticed a few test posts in your inbox.\r\n\r\n<b><span style=\"text-decoration: underline;\">2. TRADE SUMMARY – DECEMBER 2013:</span></b>\r\n\r\nThis will be a section in the new PREMIUM SERVICE where I will review good and bad trades.\r\n\r\nI have included below, two excel spread sheets for both types of trading styles that can be followed through the PREMIUM SERVICE next year on it’s live launch.\r\n\r\nRADAR TRADES: These are pre-meditated limit order trades. I hope that these will be longer-term trades.\r\n\r\nFLASH TRADES: These are more of an intra-day trade. They may develop into “Swing style” trades but will probably be more short term.\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/12/RADAR-TRADES-21122013.png\"><img class=\"aligncenter size-full wp-image-2379\" alt=\"RADAR TRADES 21122013\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/12/RADAR-TRADES-21122013.png\" width=\"455\" height=\"460\" /></a><b></b></p>\r\n<p style=\"text-align: center;\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n14 trades at $0.10 cents each = $1.40 cents risk for a $60.80 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n<span style=\"line-height: 1.5em;\">14 trades at $1.00 each = $14.00 risk for a $608.00 reward.</span></p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n14 trades at $10.00 each = $140.00 risk for a $6,080.00 reward.</p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/12/FLASH-TRADES-21122013.png\"><img class=\"aligncenter size-full wp-image-2378\" alt=\"FLASH TRADES 21122013\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/12/FLASH-TRADES-21122013.png\" width=\"411\" height=\"437\" /></a>\r\n\r\n&nbsp;\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>\r\n<p align=\"center\">1 x MICRO-LOT:\r\n3 trades at $0.10 cents each = $0.30 cents risk for a $12.40 reward.</p>\r\n<p align=\"center\">1 x MINI-LOT:\r\n3 trades at $1.00 each = $3.00 risk for $124.00 reward</p>\r\n<p align=\"center\">1 x STANDARD LOT:\r\n3 trades at $10.00 each = $30.00 risk for a $1,240.00 reward</p>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE\r\n</span></b><b><span style=\"text-decoration: underline;\">DECEMBER 2013</span></b></p>\r\n<p align=\"center\">TRADING MICRO-LOTS:\r\n17 trades at $0.10 cents each = $1.70 risk for a $73.20 reward.</p>\r\n<p align=\"center\">TRADING MINI-LOTS:\r\n17 trades at $1.00 each = $17.00 risk for a $732.00 reward.</p>\r\n<p align=\"center\">TRADING STANDARD LOTS:\r\n17 trades at $10.00 each = $170.00 risk for a $7,320.00 reward.</p>\r\nThe charts above detail the RADAR and FLASH TRADES that were posted in this blog and tweeted live via twitter.com/@pipaccumulator this month.\r\n\r\nOnce the PREMIUM SERVICE is launched RADAR and FLASH TRADES will only be posted direct via email to PREMIUM SERVICE subscribers and in addition they will be posted in the secure section of the Weekly Fx Drive-Thru. This section will eventually contain a whole host of goodies for traders who are subscribers to the new PREMIUM SERVICE.\r\n\r\nI am hoping to start 2014 with the same trading success as we displayed at the end of 2013. This year, was on reflection quite a good year. More ups than downs as the historic blogs will confirm. During the year I adapted my trading style and it is now paying real dividends, long may it continue.\r\n\r\nIt is no big secret….. It’s all about discipline.\r\n\r\nLook my trading style -  it’s simple: -\r\n\r\n&nbsp;\r\n<p align=\"center\">FUNDAMENTALS MATTER TO ME</p>\r\n<p align=\"center\">I TRADE TO MAKE MONEY…NOT TO PICK TOPS OR BOTTOMS</p>\r\n<p align=\"center\">I TRADE LOW RISK</p>\r\n<p align=\"center\">I DO NOT CHASE MARKETS</p>\r\n<p align=\"center\">I LIKE THE TRADES TO COME TO ME</p>\r\n<p align=\"center\">I AM NOT A GREEDY TRADER</p>\r\n<p align=\"center\">I LIKE TO TRADE MOMENTUMS IN THE DIRECTION OF TRENDS</p>\r\n<p align=\"center\">I USE FIBONACCI LEVELS TO ENTER &amp; EXIT ON MANY TRADES</p>\r\n<p align=\"center\">PLUS</p>\r\n<p align=\"center\">MY TRADING STYLE IS MIXED EVEN WITH THE ABOVE KEY BASICS</p>\r\n<p align=\"center\">I USE THE PULLBACK STRATEGY TO ENTER AND I LIKE SWING AND LONGER-TERM TRADES (WHEN POSSIBLE)</p>\r\nDetails of my new PREMIUM SERVICE that gives you the option to follow the FLASH and RADAR TRADES, amongst other things, follows later in this blog.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">3. THE VIEW FROM MY TRADING DESK:</span></b><b><span style=\"text-decoration: underline;\"> </span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">BEN DID IT AGAIN…NOW LET’S LOOK FORWARD INTO 2014</span></b></p>\r\nNot only did the most powerful man on this planet surprise most people once again at the FOMC when he started “Tapering”, he managed to get a rally in worldwide equities and pacify emerging markets all at the same time.\r\n\r\nThe man is a God.\r\n<p align=\"center\"><i>He is going to be in Las Vegas soon after retirement, in front of the Bellagio turning the famous water fountains into wine…could you just imagine that…</i></p>\r\n So what is ahead for us to look forward to as traders given the news?\r\n\r\nIn the New Year, it will become apparent to the markets as they absorb all the news that a major policy shift from the FED is now in play. I see USD strength as a result.\r\n\r\nMy focus early 2014 will be to maximize this news event and policy shift.\r\n\r\nThe Eurozone is still in the crapper and as a result I think that this will place pressure on the single currency and help USD strength.\r\n\r\nI predict that Gold will suffer early on in 2014 and continue to fall as the markets suddenly get on board with the fact that we are in DEFLATIONARY times…NOT DIS-INFLATION call it what it is. Gold will pull further back as a result. Critical support lies just below $800.00\r\n\r\nEquities is the tough one for me to predict, and my predictions, in particular with the FED show a poor success rate.  One would argue that a pullback is long overdue. We have another U.S. government close down threat on the horizon for  February 2014. Equities are priced high and major U.S. corporations have been playing with balance sheets to show bottom line growth but sales are NOT always there. This can only last so long. But the economic data out of the U.S. has of late been really good.\r\n\r\nDare I use the words “Common Sense?”\r\n\r\nBut, common sense would say a pullback is due in the first quarter given global concerns as the U.S. leads the way out of QE (Quantitative Easing). This would help the commodity currencies lower and additionally fuel USD strength\r\n\r\nSo for the first quarter of 2014, I am in the “King Dollar” camp. My trade set-ups will be slanted accordingly\r\n\r\nBut my big trade set ups and there are four in total, will be saved for the PREMIUM SERVICE subscribers next year.\r\n\r\nI will probably post a blog around what I think will happen in 2014 to start off the New Year. Next year I will use this blog as a template to see how many predictions come true and gauge success.\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">4. MY CURRENT LIVE TRADES:</span></b>\r\n\r\nI have no live trades at the moment.\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">5. TRADES THAT ARE ON MY RADAR:</span></b>\r\n\r\nNo trades…just Christmas and sorting out the PREMIUM SERVICE software.<b></b>\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">6. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>\r\n\r\n<b>HOLIDAY TRADING OVERVIEW:</b> In thin trading market conditions, which are what we are now a part of, the currency pairs just tend to grind very slowly in the same direction.  Small reversals are seen from time to time but usually nothing major. My suggestion is do not trade. Stay in $$$$, watch a few movies on TV.<b> </b>\r\n\r\n<b>EUR/USD: Closing Price 1.3670.</b>  Not much of a move over the week when you consider it was an FOMC week.  We are stuck in a range with this pair 1.3600 to 1.3710-1.3750. The question is will this pair really get its skates on prior to next year and breakout in direction over the other.\r\n\r\n<b>GBP/USD: Closing Price 1.6326. </b>Virtually unchanged in the week for the second week in a row. This is telling me that we could be either consolidating the recent uptrend to move higher in the New Year, or, we are tired at these heights and about to head lower. My thought process is that with excellent economic data from the UK of late we could be itching to move higher. One of my interesting trades for the New Year is the EUR/GBP. I think this will have a major effect on cable. My gut tells me higher supported GBP/USD towards 1.7000. Mark Carney (Governor of The Bank of England) has his work cut out here to keep currency expectations limited so as not to screw up the recent run of good data.\r\n\r\nWe are in a range from 1.6250 to 1.6475 in my view, trade the range if you feel you have to. Personally, I would wait.\r\n\r\n<b>AUD/USD: Closing Price 0.8906</b>. The downside move re-starts. We are heading to at least 0.8500 in the coming weeks / months. Do not fight the RBA. Unless this pair rallies above 0.9000, for me it is bearish. If we rally to 0.9000 treat it like a Christmas present to enter short. The next level of support is 0.8840.\r\n\r\n<b>NZD/USD: Closing Price 0.8190</b>. The AUD/NZD still has a major role to play with the behavior of this currency pair into the coming year. We have resumed our downtrend by breaking short of our wedge pattern on the daily chart. I see a range of 0.8100 to 0.8260. If we break below 0.8100 I think then I feel more comfortable that we have had a shift in sentiment.\r\n\r\n<b>USD/CAD: Closing Price 1.0634.  </b>No change in the week and we are now steady above 1.0600. The range is very simple 1.0600 to 1.0700\r\n\r\n<b>USD/CHF: Closing Price 0.8954</b>.  A break above 0.9000 would place the bulls back in control of this pair. I see no point trading this pair unless you can pick it up long around 0.8850. Personally, I would not risk a short trade.\r\n\r\n<b>USD/JPY: Closing Price 104.03. </b> My comments are the same from last week<i> </i>\r\n<p align=\"center\"><i>“I am not trading this pair at the moment. I am convinced that it’s going to move</i> <i>substantially higher then it drops”.</i></p>\r\nNothing has changed I think that the Fibonacci extension of 105.45 looks to be a magnet, or tractor beam at the moment for JPY traders. This may be a great level to fade back to 102.50-103.00\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">7. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>\r\n\r\nSUNDAY: N/A\r\n\r\nMONDAY: CAD – GDP\r\n\r\nTUESDAY: N/A\r\n\r\nWEDNESDAY: N/A\r\n\r\nTHURSDAY: N/A\r\n\r\nFRIDAY: N/A\r\n\r\n&nbsp;\r\n\r\n<b><span style=\"text-decoration: underline;\">8. THE PREMIUM SERVICE:</span></b>\r\n<p align=\"center\"><b><span style=\"text-decoration: underline;\">THE WEEKLY FX DRIVE-THRU</span></b><b>\r\n<span style=\"text-decoration: underline;\">PREMIUM SERVICE  2014 </span></b>\r\n\r\nNext year I am looking to introduce a “Premium Service” for those who want it.\r\n\r\nThe “Drive-Thru” in its current format will remain a weekly blog post although it will be a lot shorter. There will be one major exception in its current format  “RADAR TRADES” will now only be available via the Premium Service. In addition, “TRADE IDEAS &amp; SET UPS” that are tweeted will now only be available to Premium Service subscribers by email and in addition they can be viewed inside the secure section of the Weekly Fx Drive-Thru.\r\n\r\nThere will lots of posts to the PREMIUM SERVICE section of the Weekly Fx Drive-Thru and in addition, I will also be introducing “FLASH TRADES” these will be up to the minute as they happen trades.\r\n\r\nOver the past several months, feedback from subscribers to the “Drive-Thru”, or from readers of the blog via Google+, LinkedIn or Twitter have been raising many questions about Forex Trading in general, such as: -<b> </b>\r\n\r\n</p><p align=\"center\"><b>Placing Stops</b></p>\r\n<p align=\"center\"><b>Strategies on entry and exit</b></p>\r\n<p align=\"center\"><b>Working with a Trade Plan</b></p>\r\n<p align=\"center\"><b>What is a Trade Plan?</b></p>\r\n<p align=\"center\"><b>Risk Assessment</b></p>\r\n<p align=\"center\"><b>When to fade trades</b></p>\r\n<p align=\"center\"><b>How to cost average effectively</b></p>\r\n<p align=\"center\"><b>How to use Trade Zones effectively - Buy Zones and Sell zones</b></p>\r\n<p align=\"center\"><b>Working with Fibonacci levels</b></p>\r\n<p align=\"center\"><b>How to find a good broker to partner with</b></p>\r\n<p align=\"center\"><b>Chart analysis</b></p>\r\nThe list is quite extensive, however, it refers only to all the recent questions that I have answered.\r\n\r\nTo have a learning centre available and to look at the trades that are on my radar at the same time seemed to be a very good fit as a trading philosophy…hence the Premium Service.\r\n\r\nI am also looking to offer training and information based “Webinars” to Premium Service subscription members, if I have sufficient participants. These will be fee based to cover costs.\r\n\r\nWhilst upon first look, it may appear that the Premium Service is directed solely at new traders, or those with intermediate skill levels, please note this is not my intention. Trading can be lonely, and sometimes it is good to feel that you are part of a team. With this in mind, I am thinking that a “Chat Room” style area would be of benefit to all traders to share ideas and trade set-ups. Plus, whether a new trader or experienced trader it is always good to have a library of information available close at hand.\r\n\r\nThe Weekly Fx-Drive-Thru will remain, and will continue to be posted weekly on Saturday’s although it will be a shorter version.\r\n\r\nThe Midweek Fx Fix will cease immediately and in 2014 the Premium Service will be available to those who want to take advantage. The training and background support material will be added on a regular basis to grow into a library of effective Fx trading tools\r\n\r\nWhat are the costs?\r\n\r\nMy initial thoughts are as follows: -\r\n\r\nThere will be 40 weekly blogs / issues per year (I will not write in the Summer and over Christmas periods), with an unlimited amount of follow ups during the week to review and act upon “Radar Trades” and issues emanating from previous blogs. In addition trade ideas for trades already in play would also be part of the service, as I will be trading my own trade recommendations.\r\n\r\nI do not want to become a finance administrator on a daily basis so I want to keep the subscription options as few as possible.\r\n<p align=\"center\"><b>ANNUAL (40 WEEK) SUBSCRIPTION: $750.00 (this equates to $18.75 per week) </b></p>\r\n<p align=\"center\"><b>20 WEEKS SUBSCRIPTION: $450.00 (this equates to $22.50 per week) </b></p>\r\n<p align=\"center\"><b>10 WEEKS SUBSCRIPTION: $250.00 (this equates to $25.00 per week) </b></p>\r\n<p align=\"center\"><b>(ALL FEES ARE IN USD)</b></p>\r\nI would like to get your feedback to this proposal.\r\n\r\nIf you have the time please respond to me at <a href=\"mailto:scott@pickering.bz\">premiumservice@thepipaccumulator.com</a> with your thoughts on the “Premium Service” and whether you think that this is something you would sign up for and take advantage of.\r\n\r\nThank you to those who have already given feedback, it is much appreciated.\r\n\r\n<b><span style=\"text-decoration: underline;\"> </span></b>\r\n\r\n<b><span style=\"text-decoration: underline;\">9. FINAL THOUGHTS:</span></b>\r\n\r\nThe next Weekly Fx Drive-Thru in this format will be posted on Saturday 4<sup>th</sup> January 2014.\r\n\r\nIn the interim, I will be posting some teasers regarding the PREMIUM SERVICE to the social networks and to existing email subscribers of this blog, so that you can see what is coming early next year.\r\n\r\nI am hoping to have the launch email ready to go very soon so that the start date can be confirmed, and so that those interested can subscribe and take a look at the secure area and become familiar with the layout.\r\n\r\nAs I am NOT trading until 2014, it just remains for me to wish you a HAPPY CHRISTMAS or HAPPY HOLIDAYS depending upon your persuasion etc.\r\n\r\nSee you next year….hopefully.\r\n\r\nFinally….. if you to trade between now and 2014. Take small positions.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday December 21st 2013\r\n\r\nEMAIL / FOLLOW ME AT:\r\n<a href=\"mailto:drivethru@thepipaccumulator.com\">drivethru@thepipaccumulator.com\r\n</a>Twitter: @pipaccumulator\r\n<span style=\"line-height: 1.5em;\">Google+/scottpickering\r\n</span><span style=\"line-height: 1.5em;\">StockTwits; thepipaccumulator</span>\r\n\r\n&nbsp;\r\n\r\n&nbsp;','BEN DID IT AGAIN…NOW LET’S LOOK FORWARD INTO 2014','','inherit','open','closed','','2382-revision-v1','','','2014-01-20 13:01:23','2014-01-20 18:01:23','',2382,'https://weeklyfxdrivethru.com/2382-revision-v1/',0,'revision','',0),(3056,16,'2014-01-20 13:28:33','2014-01-20 18:28:33','<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\n\nFive positive trading days in the past week so I cannot complain. I am seeing sentiment turning bearish in equities and the bullish comments that were so in your face appear to have crawled under rocks!\n\nI have been focused primarily on the AUD/USD and NZD/USD all week, in particular the latter since breaking below the 0.8200 trend line. This was the biggest piece of news for me last week…what a sad life!\n\nAs I have said soooooo many times, the commodity currencies lead the way and the Aussie in particular has been doing this. Interventions in ALL markets are now an everyday occurrence. Fundamentals are still important and often lead the way with sentiment the way it is, but right now the Fib. levels are guiding me more than ever….take note.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\"><strong>2. MY VIEW ON THE NEWS SEEN FROM MY TRADING DESK:</strong></span>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">A BIG WEEK… &amp; A BIG MONTH AHEAD FOR USD, FED, BOJ, RBA, BOE, RBNZ &amp; ECB...GET IN YOUR SUPPLIES OF NESPRESSO RISTRETTO...NOW!</span></strong></p>\nAn often used daily phrase used to be “Another week, Another dollar”, or as we are now seeing “Another week, another \"King\" dollar”. Certainly the rise of the USD has taken many people by surprise. It shouldn\'t, but it has.\n\nAt times of ultimate extremes, it is the currency that people turn to,  along with precious metals such as Gold, but, now that Gold is really being seen for what it is, following all the immense QE (Quantitive Easing / Asset Purchase Facilities) policies being forwarded by many leading Central Banks, Gold is on a decline. Gold, I believe consolidating around the present levels c.$1350-$1425 before heading for $1,100 in the next leg lower.\n\nAre we at times of ultimate extreme ?....no I suppose not, but we are in unchartered territory regarding the current and future effects of Central Bank currency manipulation whether directly by the SNB or RBNZ or through the back door as a covert operation like the BOJ, FED, BOC, BOE and the ECB. We are in a currency war, do not listen to crap communiques and bulls**t press releases from the Central Banks and their respective Governments.\n\nSo, as traders, listen up.... unchartered territories = uncertainty, uncertainty = fear....and....fear = nearly on every single occasion a run to the USD.\n\nRight now, Japan is sending fear across the waters......the volatility in the Nikkei and subsequent wild moves in JPY pairs is sending a message. The message is fear...look at all the QE that Kuroda and Abe are throwing into the Japanese economy, they are trying to move 20 years or so of deflation out of the economy. A very, very ambitious and bold move, but its stalling, and traders in all markets are puzzled, almost twice as much stimulus as that supplied by the FED to the U.S. markets and it\'s not going to plan.\n\nCould the U.S. equity markets now stall? Read my previous blogs, I have talked about it regularly for the past six months. The U.S. equity markets are now very range bound and chart wise look like a break lower could happen with a cataylist...could that be Japan?  If the USD continues to strengthen the equity markets will eventually break lower no matter what BEN and the FED do...it\'s just a question of time and then a question of how far.\n\nCould it be the ECB, who now need to get off the fence, extract the digit from their asses and actually support a policy that will help the entire region to grow other than the present German support policies that have created a two-tier Eurozone? If Draghi can actually convince Merkel and the Bundesbank that stimulus must be focussed towards the Mediterranean, this could be seen two ways by the markets, EUR positive as it could be taken as aggressive pro-activity, or because they are so late to the party EUR negative as it could be viewed  as \"Too little too late\".\n\nThe spanner (wrench) in the works for ECB policy could be the Bank of Italy’s governor and member of ECB Governing Council, Ignazio Visco, who has called for the ECB to produce a further rate cut this Thursday. It will be interesting to see if this carries any more weight as we approach Thursday’s decision date. But this is further evidence that finally there are calls for the tough ECB stance to actually become accommodative to help faltering economies,  help stimulate growth and reduce the regions masses of growing unemployment. Should a rate cut happen….this would be EUR negative and it would strengthen the USD.\n\nThis week, we also have an interest rate decision from the RBA. I am not expecting a cut even though the Australian government has stated in several different reports and press releases that they view the Aussie dollar over-valued given economic conditions in Australia. The AUD/USD has fallen 600-700 pips recently and is showing signs of being well oversold right now, I would expect a period of consolidation. For this reason I think the RBA may hold off a month, but you just never know. The overall government policy is to weaken the currency, therefore “not if but when” will rates be cut.  This policy is obviously AUD negative and as a result the USD will strengthen.\n\nIn New Zealand,  the government there will follow Australian policies very closely, they too have stated publicly through the RBNZ governor Wheeler that the Kiwi is over-valued. No “Namby-Pamby” approach here from Wheeler with QE….. It’s full on “We have intervened in Fx markets to weaken the Kiwi dollar”  You have just got to love Wheeler, from a slow start he’s really got his teeth into his job now. Weakening the Kiwi will also strengthen the USD.\n\nFor the UK, which also has an interest rate decision and Asset Purchase Facility review (QE for the Brits!!)  on Thursday this week, the outlook is not good. Mark Carney (I need too find a nickname for him) the new governor needs to get his feet under the table before we see policies changing/amending. Merv “The swerve” King is in his own exit strategy right now of “Champagne and Cigars” as he hands over the reigns to Carney. He has completed his last swan song meeting in front of the parliamentary select committee and is in \"party mode\".\n\nThe UK economy however has bu**er all to be in party mode over. The recent glimmer or snapshot of what could have been seen as mildly positive economic data has gone. The simple fact is the UK economy is down the toilet. Carney is rumoured to be given a wider mandate with more FED like responsibilities. Watch this space to see what falls out. In any event, the UK needs stimulus that will be GBP negative and once again as a result the USD will strengthen.\n\nAre you seeing the picture that I am painting here?\n\nWorld uncertainty and need for stimulus is still there despite what has been done so far since 2008. Now I am not saying that everything in the U.S. is rosy….far from it. The U.S. would have GDP at 4% and above if it was that perfect as we are led to believe on some occasions. The U.S. is winning the less ugly competition at the moment but there are snapshots of positivity being seen. Hence all the “Tapering” talk……who would want to be Ben Bernanke?\n\nBen (the most powerful man in the world) Bernanke will no doubt have a twitching bottom this week as we await the Non Farm payroll numbers on Friday. Good numbers and you can bet the likes of CNBC will have so called experts on the channel giving out whisper numbers and initial targets from which tapering will start. CNBC will NOT be able to stop themselves. I URGE YOU…...pay zero attention. This has never been done before, no-one but no-one has a f****g clue what is going to happen as a result of tapering and no –one has a f*****g clue of the knock on effects in the world equity markets. I believe a coordinated release of some sort may be required to steady matters but then what do I know, I am just guessing. No-one knows how, what, when or the effects.\n\nAs stated before, and I will state it again the result of the tapering and uncertainty surrounding it is a move to strengthen the USD.\n\nOn Friday if the NFP numbers are good (forget about the fact that people may have just given up looking for work and fallen out of the numbers calculation). If the number is good and the rate of unemployment drops towards 7% away from the current 7.5%, there will be volatility and lots of it. Even though the FED has said at 6.5% QE ends, the whisper numbers will be out there.\n\nAs traders what does all this mean moving forward?\n\nI believe that with Central Bank policies throughout the world and the U.S. economy improving the USD will offer us a plethora of pips to make profits from.\n\nI place below four monthly charts, EUR/USD, GBP/USD, AUD/USD and NZD/USD showing where the key levels are in my eyes and the major Fibonacci levels of the big moves looking forward. The target numbers are quite some way away but if the USD gets moving nothing stops it.\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/EURUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1800\" alt=\"EURUSD M 010613\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/EURUSD-M-010613-1024x571.png\" width=\"660\" /></a>\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/GBPUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1801\" alt=\"GBPUSD M 010613\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/GBPUSD-M-010613.png\" width=\"660\" /></a>\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/AUDUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1799\" alt=\"AUDUSD M 010613\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/AUDUSD-M-010613.png\" width=\"660\" /></a>\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/NZDUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1802\" alt=\"NZDUSD M 010613\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2013/06/NZDUSD-M-010613.png\" width=\"660\"  /></a>\n\nRemember back in 2008, the AUD/USD and GBP/USD would move 800 pips a day some days due to the volatility that was around at that time. I am not saying we are going to return to that, but, what I do think will happen is that we will get an extended period of USD strength that will allow us to make $$$ in a directional market. It will not be straight down, there will be stop off points but it will be directional.\n\nThis is not a time to pick tops and bottoms. With what is ahead there will no doubt be false breakouts as markets come to terms with what is happening and I would not be surprised to see a 15-20% correction in equities as a result.\n\nThe moves in the Forex market will be large moves. I am targeting in the next six months as follows if my thoughts come to fruition.\n<p style=\"text-align: center;\">EUR/USD: 1.1865\nGBP/USD: 1.3920\nAUD/USD: 0.8540\nNZD/USD: 0.6860\nUSD/CAD: 1.1280\nUSD/CHF: 1.0850\nUSD/JPY: Being honest ….This one is difficult, I haven’t got a clue how this pair will react, I am thinking back to 90.00, but I am not sure.</p>\nIn any event, the next week is big…the next month or so, even bigger get your supplies of Nespresso (#10 strength) Ristretto  in stock as you are going to need it with all the late night/early morning opportunities ahead.\n\n&nbsp;\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\"><strong>3. MY LONGER-TERM TRADES:</strong></span>\n\nAt the end of last week I exited trades, re-entered trades and then decided that I needed core positions going ahead so I started establishing positions in four currencies. I have taken profits, added back to positions, the usual stuff, as I trade within my trading plan and financial management strategies.\n\nI will tweet my actions as I go forward with these trades and any others that I may add.\n<p style=\"text-align: center;\"><strong>EUR/USD</strong>\n<strong> Short</strong>\n<strong> Closing Price: 1.2995</strong>\n<strong> Cost Average: 1.2975</strong>\n<strong> Stop: 1.3225</strong>\n<strong> Initial Limit: 1.2360</strong>\n<strong> Position Size: 20%</strong>\n<strong> Present Position -22 pips</strong></p>\n<p style=\"text-align: center;\"><strong> GBP/USD</strong>\n<strong> Short</strong>\n<strong> Closing Price: 1.5197</strong>\n<strong> Cost Average: 1.5176</strong>\n<strong> Stop: 1.5280</strong>\n<strong> Initial Limit: 1.4300</strong>\n<strong> Position Size: 20%</strong>\n<strong> Present Position: -24 pips</strong></p>\n<p style=\"text-align: center;\"><strong>AUD/USD</strong>\n<strong> Short</strong>\n<strong> Closing Price: 0.9570</strong>\n<strong> Cost Average: 0.9598</strong>\n<strong> Stop: 0.9750</strong>\n<strong> Initial Limit: 0.8750</strong>\n<strong> Position Size: 20%</strong>\n<strong> Present Position: +26 pips</strong></p>\n<p style=\"text-align: center;\"><strong>NZD/USD</strong>\n<strong> Short</strong>\n<strong> Closing Price: 0.7937</strong>\n<strong> Cost Average: 0.7972</strong>\n<strong> Stop: 0.8050</strong>\n<strong> Initial Limit: 0.7150</strong>\n<strong> Position Size: 40%</strong>\n<strong> Present Position: +33 pips</strong></p>\n<p style=\"text-align: center;\"><strong> </strong></p>\n&nbsp;\n\n<span style=\"text-decoration: underline;\"><strong>4. LOOKING AHEAD INTO THE NEXT 5.5 DAYS OF TRADING:</strong></span>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>THE MAJOR SUPPORT AND RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></p>\n<strong>EUR/USD: Closing Price 1.2995.</strong>  Initial support lies at 1.2935, but beneath here lies 1.2750, which I consider to be an important level. Resistance is good at 1.3075, after here the May 8<sup>th</sup> high of 1.3194.\n\n<strong>GBP/USD: Closing Price 1.5197</strong>.  Resistance is good at 1.5240. Support is obviously massive at 1.5000. Between here and there 1.5110 should offer some support on the way lower.\n\n<strong>AUD/USD: Closing Price 0.9570.</strong> Resistance should be good at 0.9725, which is the 61.8% retracement of the sell-off since May. Support initially at 0.9530 and below there 0.9450.\n\n<strong>NZD/USD: Closing Price 0.7937</strong>. Now that we are below 0.8000 we are in a real down trending move. 0.7880 and 0.7850 are good moving forward as support and resistance at 0.8010 will be good if we break higher. Obviously the trend line resistance at 0.8200 is massive but it’s well in the background for me now.\n\n<strong>USD/CHF: Closing Price 0.9549</strong>.  This pair is acting a little strange because of the market uncertainty. I am avoiding it but there are some interesting levels as I look at the charts.  0.9525 tests the 38% retracement of the February-May move upwards and if this support gives way 0.9430 is next in line as support. Resistance is 0.9680.\n\n<strong>USD/CAD: Closing Price 1.0373.</strong>  There is big support at 1.0265 and resistance is 1.0460 then 1.0525.\n\n<strong>USD/JPY: Closing Price 100.47</strong>. I see this pair heading lower in the short term at least. 100.00 will be a biggie then its really 99.60 and then 98.60 as support levels. If we break higher, 101.50, 102.10, 103.75 and 105.60 are the notes I have. This pair I am struggling with at the moment and along with the USD/CHF I am avoiding.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\"><strong>5. NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME:</strong></span>\n\nMONDAY: GBP – Manufacturing PMi.\nMONDAY: USD – ISM Manufacturing PMi.\n\nTUESDAY: AUD – Interest Rate decision and Rate statement by RBA\nTUESDAY: GBP – Construction PMi.\nTUESDAY: AUD – GDP.\n\nWEDNESDAY: GBP – Services PMi.\nWEDNESDAY: USD – ADP Non Farm Payroll &amp; ISM Non-Manufacturing PMi.\nWEDNESDAY: AUD – Trade Balance.\n\nTHURSDAY: GBP – BOE Interest Rate decision &amp; Asset Purchase Facility.\nTHURSDAY: ECB – Interest Rate decision &amp; Press Conference.\n\nFRIDAY: CAD – Unemployment Numbers and Unemployment Rate.\nFRIDAY: USD – Non-Farm Payrolls &amp; Unemployment Rate.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\"><strong>6. FINAL THOUGHTS &amp; CLOSING COMMENTS:</strong></span>\n\n&nbsp;\n\nA big week ahead for news and the markets are going to be extremely nervous. The numbers this week will direct sentiment moving forward.\n\nTrade with smaller positions and use wider stops to allow for the volatility. Do not trade for the sake of trading. Staying in cash can be a good trade!!\n\nUse your trading plans and exercise good money management principles. Do not over extend yourself.\n\nGood Luck,\n\n&nbsp;\n\nScott Pickering\nThe Pip Accumulator\nSaturday 1<sup>st</sup> June 2013.\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;','BIG WEEK...& A BIG MONTH AHEAD FOR USD,FED, BOJ, RBA, BOE, RBNZ & ECB...GET IN YOUR SUPPLIES OF NESPRESSO RISTRETTO...NOW!','','inherit','open','closed','','1784-autosave-v1','','','2014-01-20 13:28:33','2014-01-20 18:28:33','',1784,'https://weeklyfxdrivethru.com/1784-autosave-v1/',0,'revision','',0),(3057,16,'2014-01-20 13:15:37','2014-01-20 18:15:37','<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nFive positive trading days in the past week so I cannot complain. I am seeing sentiment turning bearish in equities and the bullish comments that were so in your face appear to have crawled under rocks!\r\n\r\nI have been focused primarily on the AUD/USD and NZD/USD all week, in particular the latter since breaking below the 0.8200 trend line. This was the biggest piece of news for me last week…what a sad life!\r\n\r\nAs I have said soooooo many times, the commodity currencies lead the way and the Aussie in particular has been doing this. Interventions in ALL markets are now an everyday occurrence. Fundamentals are still important and often lead the way with sentiment the way it is, but right now the Fib. levels are guiding me more than ever….take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. MY VIEW ON THE NEWS SEEN FROM MY TRADING DESK:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">A BIG WEEK… &amp; A BIG MONTH AHEAD FOR USD, FED, BOJ, RBA, BOE, RBNZ &amp; ECB...GET IN YOUR SUPPLIES OF NESPRESSO RISTRETTO...NOW!</span></strong></p>\r\nAn often used daily phrase used to be “Another week, Another dollar”, or as we are now seeing “Another week, another \"King\" dollar”. Certainly the rise of the USD has taken many people by surprise. It shouldn\'t, but it has.\r\n\r\nAt times of ultimate extremes, it is the currency that people turn to,  along with precious metals such as Gold, but, now that Gold is really being seen for what it is, following all the immense QE (Quantitive Easing / Asset Purchase Facilities) policies being forwarded by many leading Central Banks, Gold is on a decline. Gold, I believe consolidating around the present levels c.$1350-$1425 before heading for $1,100 in the next leg lower.\r\n\r\nAre we at times of ultimate extreme ?....no I suppose not, but we are in unchartered territory regarding the current and future effects of Central Bank currency manipulation whether directly by the SNB or RBNZ or through the back door as a covert operation like the BOJ, FED, BOC, BOE and the ECB. We are in a currency war, do not listen to crap communiques and bulls**t press releases from the Central Banks and their respective Governments.\r\n\r\nSo, as traders, listen up.... unchartered territories = uncertainty, uncertainty = fear....and....fear = nearly on every single occasion a run to the USD.\r\n\r\nRight now, Japan is sending fear across the waters......the volatility in the Nikkei and subsequent wild moves in JPY pairs is sending a message. The message is fear...look at all the QE that Kuroda and Abe are throwing into the Japanese economy, they are trying to move 20 years or so of deflation out of the economy. A very, very ambitious and bold move, but its stalling, and traders in all markets are puzzled, almost twice as much stimulus as that supplied by the FED to the U.S. markets and it\'s not going to plan.\r\n\r\nCould the U.S. equity markets now stall? Read my previous blogs, I have talked about it regularly for the past six months. The U.S. equity markets are now very range bound and chart wise look like a break lower could happen with a cataylist...could that be Japan?  If the USD continues to strengthen the equity markets will eventually break lower no matter what BEN and the FED do...it\'s just a question of time and then a question of how far.\r\n\r\nCould it be the ECB, who now need to get off the fence, extract the digit from their asses and actually support a policy that will help the entire region to grow other than the present German support policies that have created a two-tier Eurozone? If Draghi can actually convince Merkel and the Bundesbank that stimulus must be focussed towards the Mediterranean, this could be seen two ways by the markets, EUR positive as it could be taken as aggressive pro-activity, or because they are so late to the party EUR negative as it could be viewed  as \"Too little too late\".\r\n\r\nThe spanner (wrench) in the works for ECB policy could be the Bank of Italy’s governor and member of ECB Governing Council, Ignazio Visco, who has called for the ECB to produce a further rate cut this Thursday. It will be interesting to see if this carries any more weight as we approach Thursday’s decision date. But this is further evidence that finally there are calls for the tough ECB stance to actually become accommodative to help faltering economies,  help stimulate growth and reduce the regions masses of growing unemployment. Should a rate cut happen….this would be EUR negative and it would strengthen the USD.\r\n\r\nThis week, we also have an interest rate decision from the RBA. I am not expecting a cut even though the Australian government has stated in several different reports and press releases that they view the Aussie dollar over-valued given economic conditions in Australia. The AUD/USD has fallen 600-700 pips recently and is showing signs of being well oversold right now, I would expect a period of consolidation. For this reason I think the RBA may hold off a month, but you just never know. The overall government policy is to weaken the currency, therefore “not if but when” will rates be cut.  This policy is obviously AUD negative and as a result the USD will strengthen.\r\n\r\nIn New Zealand,  the government there will follow Australian policies very closely, they too have stated publicly through the RBNZ governor Wheeler that the Kiwi is over-valued. No “Namby-Pamby” approach here from Wheeler with QE….. It’s full on “We have intervened in Fx markets to weaken the Kiwi dollar”  You have just got to love Wheeler, from a slow start he’s really got his teeth into his job now. Weakening the Kiwi will also strengthen the USD.\r\n\r\nFor the UK, which also has an interest rate decision and Asset Purchase Facility review (QE for the Brits!!)  on Thursday this week, the outlook is not good. Mark Carney (I need too find a nickname for him) the new governor needs to get his feet under the table before we see policies changing/amending. Merv “The swerve” King is in his own exit strategy right now of “Champagne and Cigars” as he hands over the reigns to Carney. He has completed his last swan song meeting in front of the parliamentary select committee and is in \"party mode\".\r\n\r\nThe UK economy however has bu**er all to be in party mode over. The recent glimmer or snapshot of what could have been seen as mildly positive economic data has gone. The simple fact is the UK economy is down the toilet. Carney is rumoured to be given a wider mandate with more FED like responsibilities. Watch this space to see what falls out. In any event, the UK needs stimulus that will be GBP negative and once again as a result the USD will strengthen.\r\n\r\nAre you seeing the picture that I am painting here?\r\n\r\nWorld uncertainty and need for stimulus is still there despite what has been done so far since 2008. Now I am not saying that everything in the U.S. is rosy….far from it. The U.S. would have GDP at 4% and above if it was that perfect as we are led to believe on some occasions. The U.S. is winning the less ugly competition at the moment but there are snapshots of positivity being seen. Hence all the “Tapering” talk……who would want to be Ben Bernanke?\r\n\r\nBen (the most powerful man in the world) Bernanke will no doubt have a twitching bottom this week as we await the Non Farm payroll numbers on Friday. Good numbers and you can bet the likes of CNBC will have so called experts on the channel giving out whisper numbers and initial targets from which tapering will start. CNBC will NOT be able to stop themselves. I URGE YOU…...pay zero attention. This has never been done before, no-one but no-one has a f****g clue what is going to happen as a result of tapering and no –one has a f*****g clue of the knock on effects in the world equity markets. I believe a coordinated release of some sort may be required to steady matters but then what do I know, I am just guessing. No-one knows how, what, when or the effects.\r\n\r\nAs stated before, and I will state it again the result of the tapering and uncertainty surrounding it is a move to strengthen the USD.\r\n\r\nOn Friday if the NFP numbers are good (forget about the fact that people may have just given up looking for work and fallen out of the numbers calculation). If the number is good and the rate of unemployment drops towards 7% away from the current 7.5%, there will be volatility and lots of it. Even though the FED has said at 6.5% QE ends, the whisper numbers will be out there.\r\n\r\nAs traders what does all this mean moving forward?\r\n\r\nI believe that with Central Bank policies throughout the world and the U.S. economy improving the USD will offer us a plethora of pips to make profits from.\r\n\r\nI place below four monthly charts, EUR/USD, GBP/USD, AUD/USD and NZD/USD showing where the key levels are in my eyes and the major Fibonacci levels of the big moves looking forward. The target numbers are quite some way away but if the USD gets moving nothing stops it.\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/EURUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1800\" alt=\"EURUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/EURUSD-M-010613-1024x571.png\" width=\"1024\" height=\"571\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/GBPUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1801\" alt=\"GBPUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/GBPUSD-M-010613-1024x571.png\" width=\"1024\" height=\"571\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/AUDUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1799\" alt=\"AUDUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/AUDUSD-M-010613-1024x571.png\" width=\"1024\" height=\"571\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/NZDUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1802\" alt=\"NZDUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/NZDUSD-M-010613-1024x571.png\" width=\"1024\" height=\"571\" /></a>\r\n\r\nRemember back in 2008, the AUD/USD and GBP/USD would move 800 pips a day some days due to the volatility that was around at that time. I am not saying we are going to return to that, but, what I do think will happen is that we will get an extended period of USD strength that will allow us to make $$$ in a directional market. It will not be straight down, there will be stop off points but it will be directional.\r\n\r\nThis is not a time to pick tops and bottoms. With what is ahead there will no doubt be false breakouts as markets come to terms with what is happening and I would not be surprised to see a 15-20% correction in equities as a result.\r\n\r\nThe moves in the Forex market will be large moves. I am targeting in the next six months as follows if my thoughts come to fruition.\r\n<p style=\"text-align: center;\">EUR/USD: 1.1865\r\nGBP/USD: 1.3920\r\nAUD/USD: 0.8540\r\nNZD/USD: 0.6860\r\nUSD/CAD: 1.1280\r\nUSD/CHF: 1.0850\r\nUSD/JPY: Being honest ….This one is difficult, I haven’t got a clue how this pair will react, I am thinking back to 90.00, but I am not sure.</p>\r\nIn any event, the next week is big…the next month or so, even bigger get your supplies of Nespresso (#10 strength) Ristretto  in stock as you are going to need it with all the late night/early morning opportunities ahead.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. MY LONGER-TERM TRADES:</strong></span>\r\n\r\nAt the end of last week I exited trades, re-entered trades and then decided that I needed core positions going ahead so I started establishing positions in four currencies. I have taken profits, added back to positions, the usual stuff, as I trade within my trading plan and financial management strategies.\r\n\r\nI will tweet my actions as I go forward with these trades and any others that I may add.\r\n<p style=\"text-align: center;\"><strong>EUR/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 1.2995</strong>\r\n<strong> Cost Average: 1.2975</strong>\r\n<strong> Stop: 1.3225</strong>\r\n<strong> Initial Limit: 1.2360</strong>\r\n<strong> Position Size: 20%</strong>\r\n<strong> Present Position -22 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong> GBP/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 1.5197</strong>\r\n<strong> Cost Average: 1.5176</strong>\r\n<strong> Stop: 1.5280</strong>\r\n<strong> Initial Limit: 1.4300</strong>\r\n<strong> Position Size: 20%</strong>\r\n<strong> Present Position: -24 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong>AUD/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 0.9570</strong>\r\n<strong> Cost Average: 0.9598</strong>\r\n<strong> Stop: 0.9750</strong>\r\n<strong> Initial Limit: 0.8750</strong>\r\n<strong> Position Size: 20%</strong>\r\n<strong> Present Position: +26 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong>NZD/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 0.7937</strong>\r\n<strong> Cost Average: 0.7972</strong>\r\n<strong> Stop: 0.8050</strong>\r\n<strong> Initial Limit: 0.7150</strong>\r\n<strong> Position Size: 40%</strong>\r\n<strong> Present Position: +33 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong> </strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>4. LOOKING AHEAD INTO THE NEXT 5.5 DAYS OF TRADING:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>THE MAJOR SUPPORT AND RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></p>\r\n<strong>EUR/USD: Closing Price 1.2995.</strong>  Initial support lies at 1.2935, but beneath here lies 1.2750, which I consider to be an important level. Resistance is good at 1.3075, after here the May 8<sup>th</sup> high of 1.3194.\r\n\r\n<strong>GBP/USD: Closing Price 1.5197</strong>.  Resistance is good at 1.5240. Support is obviously massive at 1.5000. Between here and there 1.5110 should offer some support on the way lower.\r\n\r\n<strong>AUD/USD: Closing Price 0.9570.</strong> Resistance should be good at 0.9725, which is the 61.8% retracement of the sell-off since May. Support initially at 0.9530 and below there 0.9450.\r\n\r\n<strong>NZD/USD: Closing Price 0.7937</strong>. Now that we are below 0.8000 we are in a real down trending move. 0.7880 and 0.7850 are good moving forward as support and resistance at 0.8010 will be good if we break higher. Obviously the trend line resistance at 0.8200 is massive but it’s well in the background for me now.\r\n\r\n<strong>USD/CHF: Closing Price 0.9549</strong>.  This pair is acting a little strange because of the market uncertainty. I am avoiding it but there are some interesting levels as I look at the charts.  0.9525 tests the 38% retracement of the February-May move upwards and if this support gives way 0.9430 is next in line as support. Resistance is 0.9680.\r\n\r\n<strong>USD/CAD: Closing Price 1.0373.</strong>  There is big support at 1.0265 and resistance is 1.0460 then 1.0525.\r\n\r\n<strong>USD/JPY: Closing Price 100.47</strong>. I see this pair heading lower in the short term at least. 100.00 will be a biggie then its really 99.60 and then 98.60 as support levels. If we break higher, 101.50, 102.10, 103.75 and 105.60 are the notes I have. This pair I am struggling with at the moment and along with the USD/CHF I am avoiding.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>5. NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME:</strong></span>\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\n\r\nTUESDAY: AUD – Interest Rate decision and Rate statement by RBA\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Payroll &amp; ISM Non-Manufacturing PMi.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate decision &amp; Asset Purchase Facility.\r\nTHURSDAY: ECB – Interest Rate decision &amp; Press Conference.\r\n\r\nFRIDAY: CAD – Unemployment Numbers and Unemployment Rate.\r\nFRIDAY: USD – Non-Farm Payrolls &amp; Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>6. FINAL THOUGHTS &amp; CLOSING COMMENTS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nA big week ahead for news and the markets are going to be extremely nervous. The numbers this week will direct sentiment moving forward.\r\n\r\nTrade with smaller positions and use wider stops to allow for the volatility. Do not trade for the sake of trading. Staying in cash can be a good trade!!\r\n\r\nUse your trading plans and exercise good money management principles. Do not over extend yourself.\r\n\r\nGood Luck,\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday 1<sup>st</sup> June 2013.\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;','BIG WEEK...& A BIG MONTH AHEAD FOR USD,FED, BOJ, RBA, BOE, RBNZ & ECB...GET IN YOUR SUPPLIES OF NESPRESSO RISTRETTO...NOW!','','inherit','open','closed','','1784-revision-v1','','','2014-01-20 13:15:37','2014-01-20 18:15:37','',1784,'https://weeklyfxdrivethru.com/1784-revision-v1/',0,'revision','',0),(3058,16,'2014-01-20 13:24:59','2014-01-20 18:24:59','<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nFive positive trading days in the past week so I cannot complain. I am seeing sentiment turning bearish in equities and the bullish comments that were so in your face appear to have crawled under rocks!\r\n\r\nI have been focused primarily on the AUD/USD and NZD/USD all week, in particular the latter since breaking below the 0.8200 trend line. This was the biggest piece of news for me last week…what a sad life!\r\n\r\nAs I have said soooooo many times, the commodity currencies lead the way and the Aussie in particular has been doing this. Interventions in ALL markets are now an everyday occurrence. Fundamentals are still important and often lead the way with sentiment the way it is, but right now the Fib. levels are guiding me more than ever….take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. MY VIEW ON THE NEWS SEEN FROM MY TRADING DESK:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">A BIG WEEK… &amp; A BIG MONTH AHEAD FOR USD, FED, BOJ, RBA, BOE, RBNZ &amp; ECB...GET IN YOUR SUPPLIES OF NESPRESSO RISTRETTO...NOW!</span></strong></p>\r\nAn often used daily phrase used to be “Another week, Another dollar”, or as we are now seeing “Another week, another \"King\" dollar”. Certainly the rise of the USD has taken many people by surprise. It shouldn\'t, but it has.\r\n\r\nAt times of ultimate extremes, it is the currency that people turn to,  along with precious metals such as Gold, but, now that Gold is really being seen for what it is, following all the immense QE (Quantitive Easing / Asset Purchase Facilities) policies being forwarded by many leading Central Banks, Gold is on a decline. Gold, I believe consolidating around the present levels c.$1350-$1425 before heading for $1,100 in the next leg lower.\r\n\r\nAre we at times of ultimate extreme ?....no I suppose not, but we are in unchartered territory regarding the current and future effects of Central Bank currency manipulation whether directly by the SNB or RBNZ or through the back door as a covert operation like the BOJ, FED, BOC, BOE and the ECB. We are in a currency war, do not listen to crap communiques and bulls**t press releases from the Central Banks and their respective Governments.\r\n\r\nSo, as traders, listen up.... unchartered territories = uncertainty, uncertainty = fear....and....fear = nearly on every single occasion a run to the USD.\r\n\r\nRight now, Japan is sending fear across the waters......the volatility in the Nikkei and subsequent wild moves in JPY pairs is sending a message. The message is fear...look at all the QE that Kuroda and Abe are throwing into the Japanese economy, they are trying to move 20 years or so of deflation out of the economy. A very, very ambitious and bold move, but its stalling, and traders in all markets are puzzled, almost twice as much stimulus as that supplied by the FED to the U.S. markets and it\'s not going to plan.\r\n\r\nCould the U.S. equity markets now stall? Read my previous blogs, I have talked about it regularly for the past six months. The U.S. equity markets are now very range bound and chart wise look like a break lower could happen with a cataylist...could that be Japan?  If the USD continues to strengthen the equity markets will eventually break lower no matter what BEN and the FED do...it\'s just a question of time and then a question of how far.\r\n\r\nCould it be the ECB, who now need to get off the fence, extract the digit from their asses and actually support a policy that will help the entire region to grow other than the present German support policies that have created a two-tier Eurozone? If Draghi can actually convince Merkel and the Bundesbank that stimulus must be focussed towards the Mediterranean, this could be seen two ways by the markets, EUR positive as it could be taken as aggressive pro-activity, or because they are so late to the party EUR negative as it could be viewed  as \"Too little too late\".\r\n\r\nThe spanner (wrench) in the works for ECB policy could be the Bank of Italy’s governor and member of ECB Governing Council, Ignazio Visco, who has called for the ECB to produce a further rate cut this Thursday. It will be interesting to see if this carries any more weight as we approach Thursday’s decision date. But this is further evidence that finally there are calls for the tough ECB stance to actually become accommodative to help faltering economies,  help stimulate growth and reduce the regions masses of growing unemployment. Should a rate cut happen….this would be EUR negative and it would strengthen the USD.\r\n\r\nThis week, we also have an interest rate decision from the RBA. I am not expecting a cut even though the Australian government has stated in several different reports and press releases that they view the Aussie dollar over-valued given economic conditions in Australia. The AUD/USD has fallen 600-700 pips recently and is showing signs of being well oversold right now, I would expect a period of consolidation. For this reason I think the RBA may hold off a month, but you just never know. The overall government policy is to weaken the currency, therefore “not if but when” will rates be cut.  This policy is obviously AUD negative and as a result the USD will strengthen.\r\n\r\nIn New Zealand,  the government there will follow Australian policies very closely, they too have stated publicly through the RBNZ governor Wheeler that the Kiwi is over-valued. No “Namby-Pamby” approach here from Wheeler with QE….. It’s full on “We have intervened in Fx markets to weaken the Kiwi dollar”  You have just got to love Wheeler, from a slow start he’s really got his teeth into his job now. Weakening the Kiwi will also strengthen the USD.\r\n\r\nFor the UK, which also has an interest rate decision and Asset Purchase Facility review (QE for the Brits!!)  on Thursday this week, the outlook is not good. Mark Carney (I need too find a nickname for him) the new governor needs to get his feet under the table before we see policies changing/amending. Merv “The swerve” King is in his own exit strategy right now of “Champagne and Cigars” as he hands over the reigns to Carney. He has completed his last swan song meeting in front of the parliamentary select committee and is in \"party mode\".\r\n\r\nThe UK economy however has bu**er all to be in party mode over. The recent glimmer or snapshot of what could have been seen as mildly positive economic data has gone. The simple fact is the UK economy is down the toilet. Carney is rumoured to be given a wider mandate with more FED like responsibilities. Watch this space to see what falls out. In any event, the UK needs stimulus that will be GBP negative and once again as a result the USD will strengthen.\r\n\r\nAre you seeing the picture that I am painting here?\r\n\r\nWorld uncertainty and need for stimulus is still there despite what has been done so far since 2008. Now I am not saying that everything in the U.S. is rosy….far from it. The U.S. would have GDP at 4% and above if it was that perfect as we are led to believe on some occasions. The U.S. is winning the less ugly competition at the moment but there are snapshots of positivity being seen. Hence all the “Tapering” talk……who would want to be Ben Bernanke?\r\n\r\nBen (the most powerful man in the world) Bernanke will no doubt have a twitching bottom this week as we await the Non Farm payroll numbers on Friday. Good numbers and you can bet the likes of CNBC will have so called experts on the channel giving out whisper numbers and initial targets from which tapering will start. CNBC will NOT be able to stop themselves. I URGE YOU…...pay zero attention. This has never been done before, no-one but no-one has a f****g clue what is going to happen as a result of tapering and no –one has a f*****g clue of the knock on effects in the world equity markets. I believe a coordinated release of some sort may be required to steady matters but then what do I know, I am just guessing. No-one knows how, what, when or the effects.\r\n\r\nAs stated before, and I will state it again the result of the tapering and uncertainty surrounding it is a move to strengthen the USD.\r\n\r\nOn Friday if the NFP numbers are good (forget about the fact that people may have just given up looking for work and fallen out of the numbers calculation). If the number is good and the rate of unemployment drops towards 7% away from the current 7.5%, there will be volatility and lots of it. Even though the FED has said at 6.5% QE ends, the whisper numbers will be out there.\r\n\r\nAs traders what does all this mean moving forward?\r\n\r\nI believe that with Central Bank policies throughout the world and the U.S. economy improving the USD will offer us a plethora of pips to make profits from.\r\n\r\nI place below four monthly charts, EUR/USD, GBP/USD, AUD/USD and NZD/USD showing where the key levels are in my eyes and the major Fibonacci levels of the big moves looking forward. The target numbers are quite some way away but if the USD gets moving nothing stops it.\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/EURUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1800\" alt=\"EURUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/EURUSD-M-010613-1024x571.png\" width=\"1024\" height=\"571\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/GBPUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1801\" alt=\"GBPUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/GBPUSD-M-010613-1024x571.png\" width=\"1024\" height=\"571\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/AUDUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1799\" alt=\"AUDUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/AUDUSD-M-010613-1024x571.png\" width=\"1024\" height=\"571\" /></a>\r\n\r\n<a href=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/NZDUSD-M-010613.png\"><img class=\"aligncenter size-large wp-image-1802\" alt=\"NZDUSD M 010613\" src=\"http://weeklyfxdrivethru/wp-content/uploads/2013/06/NZDUSD-M-010613.png\" width=\"660\"  /></a>\r\n\r\nRemember back in 2008, the AUD/USD and GBP/USD would move 800 pips a day some days due to the volatility that was around at that time. I am not saying we are going to return to that, but, what I do think will happen is that we will get an extended period of USD strength that will allow us to make $$$ in a directional market. It will not be straight down, there will be stop off points but it will be directional.\r\n\r\nThis is not a time to pick tops and bottoms. With what is ahead there will no doubt be false breakouts as markets come to terms with what is happening and I would not be surprised to see a 15-20% correction in equities as a result.\r\n\r\nThe moves in the Forex market will be large moves. I am targeting in the next six months as follows if my thoughts come to fruition.\r\n<p style=\"text-align: center;\">EUR/USD: 1.1865\r\nGBP/USD: 1.3920\r\nAUD/USD: 0.8540\r\nNZD/USD: 0.6860\r\nUSD/CAD: 1.1280\r\nUSD/CHF: 1.0850\r\nUSD/JPY: Being honest ….This one is difficult, I haven’t got a clue how this pair will react, I am thinking back to 90.00, but I am not sure.</p>\r\nIn any event, the next week is big…the next month or so, even bigger get your supplies of Nespresso (#10 strength) Ristretto  in stock as you are going to need it with all the late night/early morning opportunities ahead.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. MY LONGER-TERM TRADES:</strong></span>\r\n\r\nAt the end of last week I exited trades, re-entered trades and then decided that I needed core positions going ahead so I started establishing positions in four currencies. I have taken profits, added back to positions, the usual stuff, as I trade within my trading plan and financial management strategies.\r\n\r\nI will tweet my actions as I go forward with these trades and any others that I may add.\r\n<p style=\"text-align: center;\"><strong>EUR/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 1.2995</strong>\r\n<strong> Cost Average: 1.2975</strong>\r\n<strong> Stop: 1.3225</strong>\r\n<strong> Initial Limit: 1.2360</strong>\r\n<strong> Position Size: 20%</strong>\r\n<strong> Present Position -22 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong> GBP/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 1.5197</strong>\r\n<strong> Cost Average: 1.5176</strong>\r\n<strong> Stop: 1.5280</strong>\r\n<strong> Initial Limit: 1.4300</strong>\r\n<strong> Position Size: 20%</strong>\r\n<strong> Present Position: -24 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong>AUD/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 0.9570</strong>\r\n<strong> Cost Average: 0.9598</strong>\r\n<strong> Stop: 0.9750</strong>\r\n<strong> Initial Limit: 0.8750</strong>\r\n<strong> Position Size: 20%</strong>\r\n<strong> Present Position: +26 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong>NZD/USD</strong>\r\n<strong> Short</strong>\r\n<strong> Closing Price: 0.7937</strong>\r\n<strong> Cost Average: 0.7972</strong>\r\n<strong> Stop: 0.8050</strong>\r\n<strong> Initial Limit: 0.7150</strong>\r\n<strong> Position Size: 40%</strong>\r\n<strong> Present Position: +33 pips</strong></p>\r\n<p style=\"text-align: center;\"><strong> </strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>4. LOOKING AHEAD INTO THE NEXT 5.5 DAYS OF TRADING:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>THE MAJOR SUPPORT AND RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span></p>\r\n<strong>EUR/USD: Closing Price 1.2995.</strong>  Initial support lies at 1.2935, but beneath here lies 1.2750, which I consider to be an important level. Resistance is good at 1.3075, after here the May 8<sup>th</sup> high of 1.3194.\r\n\r\n<strong>GBP/USD: Closing Price 1.5197</strong>.  Resistance is good at 1.5240. Support is obviously massive at 1.5000. Between here and there 1.5110 should offer some support on the way lower.\r\n\r\n<strong>AUD/USD: Closing Price 0.9570.</strong> Resistance should be good at 0.9725, which is the 61.8% retracement of the sell-off since May. Support initially at 0.9530 and below there 0.9450.\r\n\r\n<strong>NZD/USD: Closing Price 0.7937</strong>. Now that we are below 0.8000 we are in a real down trending move. 0.7880 and 0.7850 are good moving forward as support and resistance at 0.8010 will be good if we break higher. Obviously the trend line resistance at 0.8200 is massive but it’s well in the background for me now.\r\n\r\n<strong>USD/CHF: Closing Price 0.9549</strong>.  This pair is acting a little strange because of the market uncertainty. I am avoiding it but there are some interesting levels as I look at the charts.  0.9525 tests the 38% retracement of the February-May move upwards and if this support gives way 0.9430 is next in line as support. Resistance is 0.9680.\r\n\r\n<strong>USD/CAD: Closing Price 1.0373.</strong>  There is big support at 1.0265 and resistance is 1.0460 then 1.0525.\r\n\r\n<strong>USD/JPY: Closing Price 100.47</strong>. I see this pair heading lower in the short term at least. 100.00 will be a biggie then its really 99.60 and then 98.60 as support levels. If we break higher, 101.50, 102.10, 103.75 and 105.60 are the notes I have. This pair I am struggling with at the moment and along with the USD/CHF I am avoiding.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>5. NEWS EVENTS IN THE COMING WEEK THAT INTEREST ME:</strong></span>\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\n\r\nTUESDAY: AUD – Interest Rate decision and Rate statement by RBA\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Payroll &amp; ISM Non-Manufacturing PMi.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate decision &amp; Asset Purchase Facility.\r\nTHURSDAY: ECB – Interest Rate decision &amp; Press Conference.\r\n\r\nFRIDAY: CAD – Unemployment Numbers and Unemployment Rate.\r\nFRIDAY: USD – Non-Farm Payrolls &amp; Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>6. FINAL THOUGHTS &amp; CLOSING COMMENTS:</strong></span>\r\n\r\n&nbsp;\r\n\r\nA big week ahead for news and the markets are going to be extremely nervous. The numbers this week will direct sentiment moving forward.\r\n\r\nTrade with smaller positions and use wider stops to allow for the volatility. Do not trade for the sake of trading. Staying in cash can be a good trade!!\r\n\r\nUse your trading plans and exercise good money management principles. Do not over extend yourself.\r\n\r\nGood Luck,\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday 1<sup>st</sup> June 2013.\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;','BIG WEEK...& A BIG MONTH AHEAD FOR USD,FED, BOJ, RBA, BOE, RBNZ & ECB...GET IN YOUR SUPPLIES OF NESPRESSO RISTRETTO...NOW!','','inherit','open','closed','','1784-revision-v1','','','2014-01-20 13:24:59','2014-01-20 18:24:59','',1784,'https://weeklyfxdrivethru.com/1784-revision-v1/',0,'revision','',0),