(5646,1,'2015-03-31 16:11:58','2015-03-31 21:11:58','<h3 style=\"text-align: center;\">THE PREMIUM SERVICE\r\nThe Home of Single-lot Trading\r\nwww.weeklyfxdrivethru.co</h3>\r\n<strong>DATE: 31.03.2015\r\nREFERENCE: #146\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\nI am so happy that the first quarter has ended. I have to be completely honest with you in saying that it was without doubt a very eventful quarter, with one thing or another…\r\n<ul>\r\n	<li><strong>EUR/CHF – PEG removal</strong></li>\r\n	<li><strong>The triple squeeze day</strong></li>\r\n	<li><strong>EUROZONE QE</strong></li>\r\n	<li><strong>The FOMC to raise or not to raise rates</strong></li>\r\n	<li><strong>GREECE</strong></li>\r\n	<li><strong>OIL prices</strong></li>\r\n</ul>\r\nThe above are a few of the highlights that may have tripped you up in the past 90 days.\r\n\r\nThankfully, I am still here alive and ready to battle on, and, despite all of the shenanigans the PREMIUM SERVICE is still on target year to date, even though in March I only achieved just over 75% of my objective.\r\n\r\nGiven some of the moves in March and the losses incurred on some trades, to end the month over 75% of my monthly objective, well, I am delighted to say the least.\r\n\r\nThe end of a quarter also means the start of a new quarter the following day, with a fresh set of opportunities.\r\n\r\nAt the end of 2014, there were a number of changes that I wanted to make. In the gap through the Christmas holidays, I never had time to complete all the amendments that were proposed. Most were mainly behind the sense changes but a few were quite visible.\r\n\r\nI am constantly adding content to the PREMIUM SERVICE website and space and speed issues are becoming an irritation. Therefore, it was decided to carry out a review of the website. Over the past month or so, a complete review of what I do and how I do it, together with, a competitor’s activities review has taken place.\r\n\r\nIt was a little bit of a surprise, because at the start of the review it was mostly about “back office” issues to support my website; how to improve browsing speeds and tackle the space issues that are looming for me as I add more and more content.\r\n\r\nMany of the visible website changes has been done already, except the new pricing and new pricing options which will be launched tomorrow.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">SPRING NEW SUBSCRIBER PROMOTION:</span>\r\n\r\nIn addition, a further FX broker Business Partner is being added over the next few days. To welcome them on board a new APRIL / MAY SPRING PROMOTION is being launched tomorrow.\r\n\r\nFull details of the promotion can be found under the FX PROMOTIONS tab on the landing page of my web site www.weeklyfxdrivethru.com\r\n\r\nIt is the best promotion I have ever offered and I am delighted that my FX broker business partners are supporting me with it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 - OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – FLASH TRADES MARCH 2015:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH1-31032015.png\"><img class=\"aligncenter size-full wp-image-5621\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH1-31032015.png\" alt=\"FLASH1 31032015\" width=\"493\" height=\"550\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH2-31032015.png\"><img class=\"aligncenter size-full wp-image-5622\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH2-31032015.png\" alt=\"FLASH2 31032015\" width=\"496\" height=\"548\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 – PREMIUM SERVICE – FLASH TRADES YEAR TO DATE 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH-YTD-MCH15.png\"><img class=\"aligncenter size-full wp-image-5623\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH-YTD-MCH15.png\" alt=\"FLASH YTD MCH15\" width=\"346\" height=\"357\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 – PREMIUM SERVICE – RADAR TRADES MARCH 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR1-31032015.png\"><img class=\"aligncenter size-full wp-image-5624\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR1-31032015.png\" alt=\"RADAR1 31032015\" width=\"540\" height=\"537\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR2-31032015.png\"><img class=\"aligncenter size-full wp-image-5625\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR2-31032015.png\" alt=\"RADAR2 31032015\" width=\"547\" height=\"542\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE – RADAR TRADES YEAR TO DATE 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR-YTD-MCH15.png\"><img class=\"aligncenter size-full wp-image-5626\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR-YTD-MCH15.png\" alt=\"RADAR YTD MCH15\" width=\"352\" height=\"361\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 – PREMIUM SERVICE – FUNDAMENTAL TRADES MARCH 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUNDAMENTAL-31032015.png\"><img class=\"aligncenter size-full wp-image-5627\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUNDAMENTAL-31032015.png\" alt=\"FUNDAMENTAL 31032015\" width=\"504\" height=\"561\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.6 – PREMIUM SERVICE – FUNDAMENTAL TRADES YEAR TO DATE 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUN-YTD-MCH15.png\"><img class=\"aligncenter size-full wp-image-5628\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUN-YTD-MCH15.png\" alt=\"FUN YTD MCH15\" width=\"350\" height=\"367\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.7 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 193 trades cost to trade = $19.30\r\n<strong>PROFIT</strong> from 193 trades = $295.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 193 trades cost to trade = $193.00\r\n<strong>PROFIT</strong> from 193 trades = $2,950.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 193 trades cost to trade = $1,930.00\r\n<strong>PROFIT</strong> from 193 trades = $29,500.00</p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.8 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIOS-31032015.png\"><img class=\"aligncenter size-full wp-image-5630\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIOS-31032015.png\" alt=\"PROFIT-LOSS RATIOS 31032015\" width=\"415\" height=\"584\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.9 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-31032015.png\"><img class=\"aligncenter size-full wp-image-5629\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-31032015.png\" alt=\"RISK-REWARD 31032015\" width=\"430\" height=\"548\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.10 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-31032015.png\"><img class=\"aligncenter size-full wp-image-5631\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-31032015.png\" alt=\"PREM SERV PROFITS1 31032015\" width=\"451\" height=\"419\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-31032015.png\"><img class=\"aligncenter size-full wp-image-5632\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-31032015.png\" alt=\"PREM SERV PROFITS2 31032015\" width=\"463\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\">FINAL THOUGHTS:</span></strong></li>\r\n</ol>\r\nI know from subscribers that the first quarter this year has been a bit of an eye opener. The \"Chop fest\" market conditions and volatility that took place was at time bizarre to say the least. Throughout the first few months I personally was expecting that central bank divergences would play a major role in calming the markets. Unfortunately, the FOMC put that idea well and truly on the back burner. The FOMC only created uncertainty and more of choppy conditions.  Being part of a trading group helps in these situations because trading is lonely. The PREMIUM SERVICE gives you the opportunity to be part of a group, the opportunity to ask questions and look for feedback or confirmation of ideas by bouncing these off a fellow trader or traders.\r\n\r\nIf you have not yet visited my website please take five minutes and have a look around, check out the TABS on the landing page look at the history of my blogs from the past three or so years. This will hopefully give you a flavour of what I am about and also what to expect from a subscription to the PREMIUM SERVICE.\r\n\r\nInside the PREMIUM SERVICE section of the website there is a wealth of articles on FX topics and a library of technical supporting information to help you become a more consistent trader.\r\n\r\nShould you decide to subscribe, I am confident that you will find the support provided a great addition to your Forex trading.\r\n\r\nIf you have any questions please feel free to email me at: - <a href=\"mailto:drivethru@weeklyfxdrivethru.com\">drivethru@weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>\r\n\r\nFull details regarding the PREMIUM SERVICE can be found on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the welcome page there are a series of TABS at the top of the page that provide a summary of what the PREMIUM SERVICE is about and what you receive for your subscription\r\n<p style=\"text-align: center;\"><strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n</strong><strong>(Please note that from April 1<sup>st</sup> 2015 (tomorrow), subscription costs are changing and options expanding in line with market conditions and competition)</strong></p>\r\n<strong> </strong>\r\n\r\nIn addition please check out the TAB FX PROMOTIONS under this TAB there are details of any special offerings from either myself or jointly with my Business Partners.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.4 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.<strong> </strong>\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nTuesday March 31st 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator','PREMIUM SERVICE PERFORMANCE - MARCH and YEAR TO DATE 2015','','inherit','open','closed','','5634-revision-v1','','','2015-03-31 16:11:58','2015-03-31 21:11:58','',5634,'https://weeklyfxdrivethru.com/5634-revision-v1/',0,'revision','',0),(5647,1,'2015-03-31 16:19:07','2015-03-31 21:19:07','<h3 style=\"text-align: center;\">THE PREMIUM SERVICE\r\nThe Home of Single-lot Trading\r\nwww.weeklyfxdrivethru.com</h3>\r\n<strong>DATE: 31.03.2015\r\nREFERENCE: #146\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\nI am so happy that the first quarter has ended. I have to be completely honest with you in saying that it was without doubt a very eventful quarter, with one thing or another…\r\n<ul>\r\n	<li><strong>EUR/CHF – PEG removal</strong></li>\r\n	<li><strong>The triple squeeze day</strong></li>\r\n	<li><strong>EUROZONE QE</strong></li>\r\n	<li><strong>The FOMC to raise or not to raise rates</strong></li>\r\n	<li><strong>GREECE</strong></li>\r\n	<li><strong>OIL prices</strong></li>\r\n</ul>\r\nThe above are a few of the highlights that may have tripped you up in the past 90 days.\r\n\r\nThankfully, I am still here alive and ready to battle on, and, despite all of the shenanigans the PREMIUM SERVICE is still on target year to date, even though in March I only achieved just over 75% of my objective.\r\n\r\nGiven some of the moves in March and the losses incurred on some trades, to end the month over 75% of my monthly objective, well, I am delighted to say the least.\r\n\r\nThe end of a quarter also means the start of a new quarter the following day, with a fresh set of opportunities.\r\n\r\nAt the end of 2014, there were a number of changes that I wanted to make. In the gap through the Christmas holidays, I never had time to complete all the amendments that were proposed. Most were mainly behind the sense changes but a few were quite visible.\r\n\r\nI am constantly adding content to the PREMIUM SERVICE website and space and speed issues are becoming an irritation. Therefore, it was decided to carry out a review of the website. Over the past month or so, a complete review of what I do and how I do it, together with, a competitor’s activities review has taken place.\r\n\r\nIt was a little bit of a surprise, because at the start of the review it was mostly about “back office” issues to support my website; how to improve browsing speeds and tackle the space issues that are looming for me as I add more and more content.\r\n\r\nMany of the visible website changes has been done already, except the new pricing and new pricing options which will be launched tomorrow.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">SPRING NEW SUBSCRIBER PROMOTION:</span>\r\n\r\nIn addition, a further FX broker Business Partner is being added over the next few days. To welcome them on board a new APRIL / MAY SPRING PROMOTION is being launched tomorrow.\r\n\r\nFull details of the promotion can be found under the FX PROMOTIONS tab on the landing page of my web site www.weeklyfxdrivethru.com\r\n\r\nIt is the best promotion I have ever offered and I am delighted that my FX broker business partners are supporting me with it.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 - OVERVIEW:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – FLASH TRADES MARCH 2015:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH1-31032015.png\"><img class=\"aligncenter size-full wp-image-5621\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH1-31032015.png\" alt=\"FLASH1 31032015\" width=\"493\" height=\"550\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH2-31032015.png\"><img class=\"aligncenter size-full wp-image-5622\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH2-31032015.png\" alt=\"FLASH2 31032015\" width=\"496\" height=\"548\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 – PREMIUM SERVICE – FLASH TRADES YEAR TO DATE 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH-YTD-MCH15.png\"><img class=\"aligncenter size-full wp-image-5623\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FLASH-YTD-MCH15.png\" alt=\"FLASH YTD MCH15\" width=\"346\" height=\"357\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 – PREMIUM SERVICE – RADAR TRADES MARCH 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR1-31032015.png\"><img class=\"aligncenter size-full wp-image-5624\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR1-31032015.png\" alt=\"RADAR1 31032015\" width=\"540\" height=\"537\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR2-31032015.png\"><img class=\"aligncenter size-full wp-image-5625\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR2-31032015.png\" alt=\"RADAR2 31032015\" width=\"547\" height=\"542\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE – RADAR TRADES YEAR TO DATE 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR-YTD-MCH15.png\"><img class=\"aligncenter size-full wp-image-5626\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RADAR-YTD-MCH15.png\" alt=\"RADAR YTD MCH15\" width=\"352\" height=\"361\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 – PREMIUM SERVICE – FUNDAMENTAL TRADES MARCH 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUNDAMENTAL-31032015.png\"><img class=\"aligncenter size-full wp-image-5627\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUNDAMENTAL-31032015.png\" alt=\"FUNDAMENTAL 31032015\" width=\"504\" height=\"561\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.6 – PREMIUM SERVICE – FUNDAMENTAL TRADES YEAR TO DATE 2015:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUN-YTD-MCH15.png\"><img class=\"aligncenter size-full wp-image-5628\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FUN-YTD-MCH15.png\" alt=\"FUN YTD MCH15\" width=\"350\" height=\"367\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.7 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 193 trades cost to trade = $19.30\r\n<strong>PROFIT</strong> from 193 trades = $295.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 193 trades cost to trade = $193.00\r\n<strong>PROFIT</strong> from 193 trades = $2,950.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 193 trades cost to trade = $1,930.00\r\n<strong>PROFIT</strong> from 193 trades = $29,500.00</p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.8 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIOS-31032015.png\"><img class=\"aligncenter size-full wp-image-5630\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIOS-31032015.png\" alt=\"PROFIT-LOSS RATIOS 31032015\" width=\"415\" height=\"584\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.9 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-31032015.png\"><img class=\"aligncenter size-full wp-image-5629\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-31032015.png\" alt=\"RISK-REWARD 31032015\" width=\"430\" height=\"548\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.10 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-31032015.png\"><img class=\"aligncenter size-full wp-image-5631\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-31032015.png\" alt=\"PREM SERV PROFITS1 31032015\" width=\"451\" height=\"419\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-31032015.png\"><img class=\"aligncenter size-full wp-image-5632\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-31032015.png\" alt=\"PREM SERV PROFITS2 31032015\" width=\"463\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\">FINAL THOUGHTS:</span></strong></li>\r\n</ol>\r\nI know from subscribers that the first quarter this year has been a bit of an eye opener. The \"Chop fest\" market conditions and volatility that took place was at time bizarre to say the least. Throughout the first few months I personally was expecting that central bank divergences would play a major role in calming the markets. Unfortunately, the FOMC put that idea well and truly on the back burner. The FOMC only created uncertainty and more of choppy conditions.  Being part of a trading group helps in these situations because trading is lonely. The PREMIUM SERVICE gives you the opportunity to be part of a group, the opportunity to ask questions and look for feedback or confirmation of ideas by bouncing these off a fellow trader or traders.\r\n\r\nIf you have not yet visited my website please take five minutes and have a look around, check out the TABS on the landing page look at the history of my blogs from the past three or so years. This will hopefully give you a flavour of what I am about and also what to expect from a subscription to the PREMIUM SERVICE.\r\n\r\nInside the PREMIUM SERVICE section of the website there is a wealth of articles on FX topics and a library of technical supporting information to help you become a more consistent trader.\r\n\r\nShould you decide to subscribe, I am confident that you will find the support provided a great addition to your Forex trading.\r\n\r\nIf you have any questions please feel free to email me at: - <a href=\"mailto:drivethru@weeklyfxdrivethru.com\">drivethru@weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>\r\n\r\nFull details regarding the PREMIUM SERVICE can be found on my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the welcome page there are a series of TABS at the top of the page that provide a summary of what the PREMIUM SERVICE is about and what you receive for your subscription\r\n<p style=\"text-align: center;\"><strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n</strong><strong>(Please note that from April 1<sup>st</sup> 2015 (tomorrow), subscription costs are changing and options expanding in line with market conditions and competition)</strong></p>\r\n<strong> </strong>\r\n\r\nIn addition please check out the TAB FX PROMOTIONS under this TAB there are details of any special offerings from either myself or jointly with my Business Partners.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.4 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.<strong> </strong>\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nTuesday March 31st 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator','PREMIUM SERVICE PERFORMANCE - MARCH and YEAR TO DATE 2015','','inherit','open','closed','','5634-revision-v1','','','2015-03-31 16:19:07','2015-03-31 21:19:07','',5634,'https://weeklyfxdrivethru.com/5634-revision-v1/',0,'revision','',0),(5648,1,'2015-04-01 06:15:51','2015-04-01 11:15:51','<h2>EARN THE EQUIVALENT OF US$295.00 PER REFERRAL</h2>\r\nMany existing subscribers have written to me telling me that they have mentioned the PREMIUM SERVICE and the added value that it offers, when speaking to their circles of friends or fellow traders.\r\n\r\nI have of course been extremely grateful for these comments and actions.\r\n\r\nI wanted to come through with an incentive to reward those subscribers who refer the PREMIUM SERVICE as it is much appreciated; therefore I have decided to introduce a PREMIUM SERVICE REFERRAL PROGRAMME\r\n<h4>How does it work?</h4>\r\nEvery time an existing subscriber introduces a friend, colleague or fellow trader to the PREMIUM SERVICE I will add an additional 10 weeks to the referring subscribers membership period. This is the equivalent of a $295.00 value.\r\n\r\nThere are no limits to the numbers of those that can be introduced.\r\n<h4>How to claim your subscription extension</h4>\r\n<div class=\"kicker-three\">Write to me at\r\n<div class=\"btn\"><a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a></div>\r\nprovide me with your details and the name(s) and email address(s) of the person or persons that you have you have introduced.\r\n\r\n</div>\r\nVery simple…very straightforward….very easy.\r\n\r\nI will write back to you and confirm your revised subscription expiry date.\r\n\r\nScott Pickering\r\nThe Pip Accumulator','PREMIUM SERVICE REFERRAL PROGRAMME','','inherit','open','closed','','4193-revision-v1','','','2015-04-01 06:15:51','2015-04-01 11:15:51','',4193,'https://weeklyfxdrivethru.com/4193-revision-v1/',0,'revision','',0),(5649,1,'2017-02-15 07:56:29','2017-02-15 12:56:29','&nbsp;\n\n<strong>LIVE WEBINARS:</strong>\n\nMy initial thought process was to use PERISCOPE to conduct weekly broadcasts, however, there are huge limitations with this format.\n\nI have decided after one debut  \"LIVE\" week and a second week which was cancelled because it was impossible for me to be happy with the delivery of the content to move to something more user friendly for all concerned.\n\nEach Monday at 5:30PM EST, I will host a 30 minute LIVE WEBINAR... <strong>\"THE WEEKLY FX DRIVE THRU - LIVE\"</strong>\n\nThe link for the webinar is: -  <a href=\"http://bit.ly/drivethru-live\">http://bit.ly/drivethru-live</a>   (You can register at any time)\n\n<span style=\"text-decoration: underline;\">PLEASE NOTE</span>: - For a short time the webinar can only be viewed by using the \"Google Chrome\" browser and does not support either smartphones or tablets.\n\n&nbsp;\n\n<a href=\"https://www.youtube.com/channel/UCV-9VDnNkHjTPBzKqLqCGJw\">https://www.youtube.com/channel/UCV-9VDnNkHjTPBzKqLqCGJw</a>\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n\n<strong> PRESENTATIONS and SEMINARS</strong>:\n\nJust prior to the summer of 2016, I completed a three week tour of the UK and IRELAND presenting AN INTRODUCTION TO FOREX TRADING with THE PREMIUM SERVICE. I would like to thank those of you who came along to make the presentations worthwhile.\n\nIt was my intention to repeat these presentations in 2017 in different parts of the UK. However, several key events for 2017 have already been inked into my schedule and it now impossible to fit in a series of presentations into my calendar.\n\nIt now looks as though early 2018 will be the first opportunity that I will have to travel and present.\n\nScott Pickering\nThe Pip Accumulator\n17th January 2017','UPCOMING LIVE EVENTS (SEMINARS / TRAINING)','','inherit','open','closed','','4239-autosave-v1','','','2017-02-15 07:56:29','2017-02-15 12:56:29','',4239,'https://weeklyfxdrivethru.com/4239-autosave-v1/',0,'revision','',0),(8100,1,'2016-07-08 16:00:43','2016-07-08 21:00:43','','PREM SERV PROFITS2 09072016','','inherit','open','closed','','prem-serv-profits2-09072016','','','2016-07-09 07:03:12','2016-07-09 12:03:12','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/PREM-SERV-PROFITS2-09072016.png',0,'attachment','image/png',0),(8101,1,'2016-07-08 16:00:49','2016-07-08 21:00:49','','RADAR 09072016','','inherit','open','closed','','radar-09072016','','','2016-07-09 06:59:58','2016-07-09 11:59:58','',2524,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/RADAR-09072016.png',0,'attachment','image/png',0),(8102,1,'2016-07-08 16:03:55','2016-07-08 21:03:55','','FLASH 09072016','','inherit','open','closed','','flash-09072016','','','2016-07-09 06:59:09','2016-07-09 11:59:09','',2711,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/FLASH-09072016.png',0,'attachment','image/png',0),(8103,1,'2016-07-08 16:08:02','2016-07-08 21:08:02','','FUN 09072016','','inherit','open','closed','','fun-09072016','','','2016-07-09 07:00:42','2016-07-09 12:00:42','',3106,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/FUN-09072016.png',0,'attachment','image/png',0),(8104,1,'2016-07-08 16:08:11','2016-07-08 21:08:11','','POS1 09072016','','inherit','open','closed','','pos1-09072016','','','2016-07-09 07:01:42','2016-07-09 12:01:42','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/POS1-09072016.png',0,'attachment','image/png',0),(8105,1,'2016-07-08 16:08:13','2016-07-08 21:08:13','','POS2 09072016','','inherit','open','closed','','pos2-09072016','','','2016-07-09 07:01:47','2016-07-09 12:01:47','',6965,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/POS2-09072016.png',0,'attachment','image/png',0),(8106,1,'2016-07-08 16:08:19','2016-07-08 21:08:19','','LIMIT ORDERS 09072016','','inherit','open','closed','','limit-orders-09072016','','','2016-07-09 06:41:04','2016-07-09 11:41:04','',8123,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/LIMIT-ORDERS-09072016.png',0,'attachment','image/png',0),(5661,1,'2015-04-01 09:50:39','2015-04-01 14:50:39','','PREMIUM SERVICE PROMOTION APRIL-MAY 2015','','inherit','open','closed','','premium-service-promotion-april-may-2015','','','2015-04-01 09:51:16','2015-04-01 14:51:16','',4984,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREMIUM-SERVICE-PROMOTION-APRIL-MAY-2015.pdf',0,'attachment','application/pdf',0),(5659,1,'2015-04-01 10:01:50','2015-04-01 15:01:50','&nbsp;\r\n<h3 style=\"text-align: center;\"> THE PREMIUM SERVICE\r\n(The home of single-lot trading)</h3>\r\n<h4 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><span style=\"text-decoration: underline;\">THE PREMIUM SERVICE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">SPRING PROMOTION\r\n</span></strong><strong><span style=\"text-decoration: underline;\">RECEIVE A ONE YEAR SUBSCRIPTION\r\n</span></strong><strong style=\"line-height: 1.5;\"><span style=\"text-decoration: underline;\">TO THE PREMIUM SERVICE FREE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">(Conditions and Details below)</span></strong></span></h4>\r\n&nbsp;\r\n\r\nHere in Montreal the winters snow is clearing and spring is in the air. It will soon be time for trading outside in the heat with the bugs!\r\n\r\nTo celebrate the climate change I have the best PROMOTION that I have ever been able to offer in conjunction with my Forex Business partners: -\r\n<ul>\r\n	<li>BLACKWELL GLOBAL</li>\r\n	<li>AVATRADE\r\nand</li>\r\n	<li>FX PRO</li>\r\n</ul>\r\nIt is simple and straightforward.\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE for one year.</li>\r\n	<li>Open a broker account (minimum balance $5,000.00) with one of my Forex Business partners listed above using their banner on my website.</li>\r\n	<li>Operate your Forex Trading account with the broker of your choice, within your chosen broker guidelines with a minimum of 10 trades per month.Then you will receive an additional full year PREMIUM SERVICE subscription FREE.</li>\r\n	<li>This offer is in addition to any offers that the individual brokers may have in place. (Contact me if you require additional details)</li>\r\n</ol>\r\n&nbsp;\r\n\r\nThe cost of a one-year PREMIUM SERVICE subscription is $795.00, which is equal to $20 per week.\r\n\r\nWith a bonus year FREE this means as a subscriber you would receive 80 weeks of all the PREMIUM SERVICE offers for the price of a 40-week subscription, which equates to just $10 per week.\r\n\r\nIt is a great opportunity to get on-board and generate an income from trading the Forex market.\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">Based on the 2014\r\n<strong>PREMIUM SERVICE\r\n</strong>Performance\r\n<span style=\"line-height: 1.5;\">and, of course\r\n</span>Subject to the size of your broker account.</p>\r\n<p style=\"text-align: center;\">You could earn from April 1<sup>st</sup> 2014 to December 31<sup>st</sup> 2015</p>\r\n<p style=\"text-align: center;\">As a STANDARD LOT TRADER up to <strong>$80,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MINI LOT TRADER up to <strong>$8,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MICRO LOT TRADER up to <strong>$800.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">The income projections above are based off last year’s performance using my suggested trade set-ups for FLASH, RADAR and FUNDAMENTAL trades.\r\nI have a full list of my suggested trades from 2014. Copies of which can be supplied upon request.</p>\r\n<p style=\"text-align: center;\">In addition by visiting my website at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and reading through all my archived blogs you can see my thoughts and comments behind the trades that were initially suggested and then undertaken.</p>\r\n<p style=\"text-align: center;\">FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</p>\r\n&nbsp;\r\n\r\nWhat to do if you want to subscribe and take advantage of this PROMOTION:\r\n<ol>\r\n	<li>All you need is a PayPal account for a subscription to the PREMIUM SERVICE.</li>\r\n	<li>Go back to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> and click on the SIGN-UP tab at the top of the page.</li>\r\n	<li>This enables your subscription to the PREMIUM SERVICE. Upon completion you will have 100% full access available.</li>\r\n	<li>Look at the banners of my Forex broker partners on the left hand side of my welcome page. Choose which one is right for you and click on the banner. This will link the offer.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span>: If you DO NOT use the banner on my website there is NO PROMOTIONAL OFFER available to you.\r\nThe account opening process with the broker is simple and straightforward. You will require photo ID and address confirmation documents to be scanned to the broker during the process.</li>\r\n</ol>\r\nWhat, if you already have an existing broker account?\r\n\r\nWhy not open an additional account with one of my partners and use the additional trading account for PREMIUM SERVICE trades, only, separate from your own trades; this enables a quick comparison of performance.\r\n\r\nThis very special PROMOTION ends on Sunday 31st May 2015 at 11.59pm (EDT)\r\n\r\nDo not hesitate to contact me should you have any questions at all about this PROMOTION.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nscott@weeklyfxdrivethru.com\r\nApril 1<sup>st</sup> 2015','PREMIUM SERVICE - SPRING PROMOTION expires 31st May 2015.','','publish','open','closed','','premium-service-spring-promotion-expires-31st-may-2015','','','2015-04-01 11:11:20','2015-04-01 16:11:20','',0,'https://weeklyfxdrivethru.com/?p=5659',0,'post','',0),(5660,1,'2015-04-01 09:47:43','2015-04-01 14:47:43','&nbsp;\r\n<h3 style=\"text-align: center;\"> THE PREMIUM SERVICE\r\n(The home of single-lot trading)</h3>\r\n<h4 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><span style=\"text-decoration: underline;\">THE PREMIUM SERVICE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">SPRING PROMOTION\r\n</span></strong><strong><span style=\"text-decoration: underline;\">RECEIVE A ONE YEAR SUBSCRIPTION\r\n</span></strong><strong style=\"line-height: 1.5;\"><span style=\"text-decoration: underline;\">TO THE PREMIUM SERVICE FREE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">(Conditions and Details below)</span></strong></span></h4>\r\n&nbsp;\r\n\r\nHere in Montreal the winters snow is clearing and spring is in the air. It will soon be time for trading outside in the heat with the bugs!\r\n\r\nTo celebrate the climate change I have the best PROMOTION that I have ever been able to offer in conjunction with my Forex Business partners: -\r\n<ul>\r\n	<li>BLACKWELL GLOBAL</li>\r\n	<li>AVATRADE\r\nand</li>\r\n	<li>FX PRO</li>\r\n</ul>\r\nIt is simple and straightforward.\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE for one year.</li>\r\n	<li>Open a broker account (minimum balance $5,000.00) with one of my Forex Business partners listed above using their banner on my website.</li>\r\n	<li>Operate your Forex Trading account with the broker of your choice, within your chosen broker guidelines with a minimum of 10 trades per month.\r\n\r\nThen you will receive an additional full year PREMIUM SERVICE subscription FREE.</li>\r\n	<li>This offer is in addition to any offers that the individual brokers may have in place. (Contact me if you require additional details)</li>\r\n</ol>\r\n&nbsp;\r\n\r\nThe cost of a one-year PREMIUM SERVICE subscription is $795.00, which is equal to $20 per week.\r\n\r\nWith a bonus year FREE this means as a subscriber you would receive 80 weeks of all the PREMIUM SERVICE offers for the price of a 40-week subscription, which equates to just $10 per week.\r\n\r\nIt is a great opportunity to get on-board and generate an income from trading the Forex market.\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">Based on the 2014\r\n<strong>PREMIUM SERVICE\r\n</strong>Performance\r\n<span style=\"line-height: 1.5;\">and, of course\r\n</span>Subject to the size of your broker account.</p>\r\n<p style=\"text-align: center;\">You could earn from April 1<sup>st</sup> 2014 to December 31<sup>st</sup> 2015</p>\r\n<p style=\"text-align: center;\">As a STANDARD LOT TRADER up to <strong>$80,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MINI LOT TRADER up to <strong>$8,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MICRO LOT TRADER up to <strong>$800.00</strong>\r\n(based on trading single-lot trades)</p>\r\n\r\n<h5 style=\"text-align: center;\">The income projections above are based off last year’s performance using my suggested trade set-ups for FLASH, RADAR and FUNDAMENTAL trades.\r\nI have a full list of my suggested trades from 2014. Copies of which can be supplied upon request.</h5>\r\n<h5 style=\"text-align: center;\">In addition by visiting my website at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and reading through all my archived blogs you can see my thoughts and comments behind the trades that were initially suggested and then undertaken.</h5>\r\n<h5 style=\"text-align: center;\">FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</h5>\r\nWhat to do if you want to subscribe and take advantage of this PROMOTION:\r\n<ol>\r\n	<li>All you need is a PayPal account for a subscription to the PREMIUM SERVICE.</li>\r\n	<li>Go back to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> and click on the SIGN-UP tab at the top of the page.</li>\r\n	<li>This enables your subscription to the PREMIUM SERVICE. Upon completion you will have 100% full access available.</li>\r\n	<li>Look at the banners of my Forex broker partners on the left hand side of my welcome page. Choose which one is right for you and click on the banner. This will link the offer.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span>: if you DO NOT use the banner on my website there is NO PROMOTIONAL OFFER available to you.\r\nThe account opening process with the broker is simple and straightforward. You will require photo ID and address confirmation documents to be scanned to the broker during the process.</li>\r\n</ol>\r\nWhat, if you already have an existing broker account?\r\n\r\nWhy not open an additional account with one of my partners and use the additional trading account for PREMIUM SERVICE trades, only, separate from your own trades; this enables a quick comparison of performance.\r\n\r\nThis very special PROMOTION ends on Sunday 31st May 2015 at 11.59pm (EDT)\r\n\r\nDo not hesitate to contact me should you have any questions at all about this PROMOTION.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nscott@weeklyfxdrivethru.com\r\nApril 1<sup>st</sup> 2015','PREMIUM SERVICE - SPRING PROMOTION expires 31st May 2015.','','inherit','open','closed','','5659-revision-v1','','','2015-04-01 09:47:43','2015-04-01 14:47:43','',5659,'https://weeklyfxdrivethru.com/5659-revision-v1/',0,'revision','',0),(5662,1,'2015-04-01 10:01:50','2015-04-01 15:01:50','&nbsp;\r\n<h3 style=\"text-align: center;\"> THE PREMIUM SERVICE\r\n(The home of single-lot trading)</h3>\r\n<h4 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><span style=\"text-decoration: underline;\">THE PREMIUM SERVICE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">SPRING PROMOTION\r\n</span></strong><strong><span style=\"text-decoration: underline;\">RECEIVE A ONE YEAR SUBSCRIPTION\r\n</span></strong><strong style=\"line-height: 1.5;\"><span style=\"text-decoration: underline;\">TO THE PREMIUM SERVICE FREE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">(Conditions and Details below)</span></strong></span></h4>\r\n&nbsp;\r\n\r\nHere in Montreal the winters snow is clearing and spring is in the air. It will soon be time for trading outside in the heat with the bugs!\r\n\r\nTo celebrate the climate change I have the best PROMOTION that I have ever been able to offer in conjunction with my Forex Business partners: -\r\n<ul>\r\n	<li>BLACKWELL GLOBAL</li>\r\n	<li>AVATRADE\r\nand</li>\r\n	<li>FX PRO</li>\r\n</ul>\r\nIt is simple and straightforward.\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE for one year.</li>\r\n	<li>Open a broker account (minimum balance $5,000.00) with one of my Forex Business partners listed above using their banner on my website.</li>\r\n	<li>Operate your Forex Trading account with the broker of your choice, within your chosen broker guidelines with a minimum of 10 trades per month.Then you will receive an additional full year PREMIUM SERVICE subscription FREE.</li>\r\n	<li>This offer is in addition to any offers that the individual brokers may have in place. (Contact me if you require additional details)</li>\r\n</ol>\r\n&nbsp;\r\n\r\nThe cost of a one-year PREMIUM SERVICE subscription is $795.00, which is equal to $20 per week.\r\n\r\nWith a bonus year FREE this means as a subscriber you would receive 80 weeks of all the PREMIUM SERVICE offers for the price of a 40-week subscription, which equates to just $10 per week.\r\n\r\nIt is a great opportunity to get on-board and generate an income from trading the Forex market.\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">Based on the 2014\r\n<strong>PREMIUM SERVICE\r\n</strong>Performance\r\n<span style=\"line-height: 1.5;\">and, of course\r\n</span>Subject to the size of your broker account.</p>\r\n<p style=\"text-align: center;\">You could earn from April 1<sup>st</sup> 2014 to December 31<sup>st</sup> 2015</p>\r\n<p style=\"text-align: center;\">As a STANDARD LOT TRADER up to <strong>$80,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MINI LOT TRADER up to <strong>$8,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MICRO LOT TRADER up to <strong>$800.00</strong>\r\n(based on trading single-lot trades)</p>\r\n\r\n<h5 style=\"text-align: center;\">The income projections above are based off last year’s performance using my suggested trade set-ups for FLASH, RADAR and FUNDAMENTAL trades.\r\nI have a full list of my suggested trades from 2014. Copies of which can be supplied upon request.</h5>\r\n<h5 style=\"text-align: center;\">In addition by visiting my website at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and reading through all my archived blogs you can see my thoughts and comments behind the trades that were initially suggested and then undertaken.</h5>\r\n<h5 style=\"text-align: center;\">FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</h5>\r\nWhat to do if you want to subscribe and take advantage of this PROMOTION:\r\n<ol>\r\n	<li>All you need is a PayPal account for a subscription to the PREMIUM SERVICE.</li>\r\n	<li>Go back to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> and click on the SIGN-UP tab at the top of the page.</li>\r\n	<li>This enables your subscription to the PREMIUM SERVICE. Upon completion you will have 100% full access available.</li>\r\n	<li>Look at the banners of my Forex broker partners on the left hand side of my welcome page. Choose which one is right for you and click on the banner. This will link the offer.<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span>: if you DO NOT use the banner on my website there is NO PROMOTIONAL OFFER available to you.\r\nThe account opening process with the broker is simple and straightforward. You will require photo ID and address confirmation documents to be scanned to the broker during the process.</li>\r\n</ol>\r\nWhat, if you already have an existing broker account?\r\n\r\nWhy not open an additional account with one of my partners and use the additional trading account for PREMIUM SERVICE trades, only, separate from your own trades; this enables a quick comparison of performance.\r\n\r\nThis very special PROMOTION ends on Sunday 31st May 2015 at 11.59pm (EDT)\r\n\r\nDo not hesitate to contact me should you have any questions at all about this PROMOTION.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nscott@weeklyfxdrivethru.com\r\nApril 1<sup>st</sup> 2015','PREMIUM SERVICE - SPRING PROMOTION expires 31st May 2015.','','inherit','open','closed','','5659-revision-v1','','','2015-04-01 10:01:50','2015-04-01 15:01:50','',5659,'https://weeklyfxdrivethru.com/5659-revision-v1/',0,'revision','',0),(5664,1,'2015-04-01 11:09:42','2015-04-01 16:09:42','&nbsp;\r\n<h3 style=\"text-align: center;\"> THE PREMIUM SERVICE\r\n(The home of single-lot trading)</h3>\r\n<h4 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><span style=\"text-decoration: underline;\">THE PREMIUM SERVICE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">SPRING PROMOTION\r\n</span></strong><strong><span style=\"text-decoration: underline;\">RECEIVE A ONE YEAR SUBSCRIPTION\r\n</span></strong><strong style=\"line-height: 1.5;\"><span style=\"text-decoration: underline;\">TO THE PREMIUM SERVICE FREE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">(Conditions and Details below)</span></strong></span></h4>\r\n&nbsp;\r\n\r\nHere in Montreal the winters snow is clearing and spring is in the air. It will soon be time for trading outside in the heat with the bugs!\r\n\r\nTo celebrate the climate change I have the best PROMOTION that I have ever been able to offer in conjunction with my Forex Business partners: -\r\n<ul>\r\n	<li>BLACKWELL GLOBAL</li>\r\n	<li>AVATRADE\r\nand</li>\r\n	<li>FX PRO</li>\r\n</ul>\r\nIt is simple and straightforward.\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE for one year.</li>\r\n	<li>Open a broker account (minimum balance $5,000.00) with one of my Forex Business partners listed above using their banner on my website.</li>\r\n	<li>Operate your Forex Trading account with the broker of your choice, within your chosen broker guidelines with a minimum of 10 trades per month.Then you will receive an additional full year PREMIUM SERVICE subscription FREE.</li>\r\n	<li>This offer is in addition to any offers that the individual brokers may have in place. (Contact me if you require additional details)</li>\r\n</ol>\r\n&nbsp;\r\n\r\nThe cost of a one-year PREMIUM SERVICE subscription is $795.00, which is equal to $20 per week.\r\n\r\nWith a bonus year FREE this means as a subscriber you would receive 80 weeks of all the PREMIUM SERVICE offers for the price of a 40-week subscription, which equates to just $10 per week.\r\n\r\nIt is a great opportunity to get on-board and generate an income from trading the Forex market.\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">Based on the 2014\r\n<strong>PREMIUM SERVICE\r\n</strong>Performance\r\n<span style=\"line-height: 1.5;\">and, of course\r\n</span>Subject to the size of your broker account.</p>\r\n<p style=\"text-align: center;\">You could earn from April 1<sup>st</sup> 2014 to December 31<sup>st</sup> 2015</p>\r\n<p style=\"text-align: center;\">As a STANDARD LOT TRADER up to <strong>$80,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MINI LOT TRADER up to <strong>$8,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MICRO LOT TRADER up to <strong>$800.00</strong>\r\n(based on trading single-lot trades)</p>\r\n\r\n<h5 style=\"text-align: center;\">The income projections above are based off last year’s performance using my suggested trade set-ups for FLASH, RADAR and FUNDAMENTAL trades.\r\nI have a full list of my suggested trades from 2014. Copies of which can be supplied upon request.</h5>\r\n<h5 style=\"text-align: center;\">In addition by visiting my website at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and reading through all my archived blogs you can see my thoughts and comments behind the trades that were initially suggested and then undertaken.</h5>\r\n<h6 style=\"text-align: center;\">FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</h6>\r\n&nbsp;\r\n\r\nWhat to do if you want to subscribe and take advantage of this PROMOTION:\r\n<ol>\r\n	<li>All you need is a PayPal account for a subscription to the PREMIUM SERVICE.</li>\r\n	<li>Go back to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> and click on the SIGN-UP tab at the top of the page.</li>\r\n	<li>This enables your subscription to the PREMIUM SERVICE. Upon completion you will have 100% full access available.</li>\r\n	<li>Look at the banners of my Forex broker partners on the left hand side of my welcome page. Choose which one is right for you and click on the banner. This will link the offer.<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span>: if you DO NOT use the banner on my website there is NO PROMOTIONAL OFFER available to you.\r\nThe account opening process with the broker is simple and straightforward. You will require photo ID and address confirmation documents to be scanned to the broker during the process.</li>\r\n</ol>\r\nWhat, if you already have an existing broker account?\r\n\r\nWhy not open an additional account with one of my partners and use the additional trading account for PREMIUM SERVICE trades, only, separate from your own trades; this enables a quick comparison of performance.\r\n\r\nThis very special PROMOTION ends on Sunday 31st May 2015 at 11.59pm (EDT)\r\n\r\nDo not hesitate to contact me should you have any questions at all about this PROMOTION.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nscott@weeklyfxdrivethru.com\r\nApril 1<sup>st</sup> 2015','PREMIUM SERVICE - SPRING PROMOTION expires 31st May 2015.','','inherit','open','closed','','5659-revision-v1','','','2015-04-01 11:09:42','2015-04-01 16:09:42','',5659,'https://weeklyfxdrivethru.com/5659-revision-v1/',0,'revision','',0),(5665,1,'2015-04-01 11:11:10','2015-04-01 16:11:10','&nbsp;\n<h3 style=\"text-align: center;\"> THE PREMIUM SERVICE\n(The home of single-lot trading)</h3>\n<h4 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><span style=\"text-decoration: underline;\">THE PREMIUM SERVICE\n</span></strong><strong><span style=\"text-decoration: underline;\">SPRING PROMOTION\n</span></strong><strong><span style=\"text-decoration: underline;\">RECEIVE A ONE YEAR SUBSCRIPTION\n</span></strong><strong style=\"line-height: 1.5;\"><span style=\"text-decoration: underline;\">TO THE PREMIUM SERVICE FREE\n</span></strong><strong><span style=\"text-decoration: underline;\">(Conditions and Details below)</span></strong></span></h4>\n&nbsp;\n\nHere in Montreal the winters snow is clearing and spring is in the air. It will soon be time for trading outside in the heat with the bugs!\n\nTo celebrate the climate change I have the best PROMOTION that I have ever been able to offer in conjunction with my Forex Business partners: -\n<ul>\n	<li>BLACKWELL GLOBAL</li>\n	<li>AVATRADE\nand</li>\n	<li>FX PRO</li>\n</ul>\nIt is simple and straightforward.\n<ol>\n	<li>Subscribe to the PREMIUM SERVICE for one year.</li>\n	<li>Open a broker account (minimum balance $5,000.00) with one of my Forex Business partners listed above using their banner on my website.</li>\n	<li>Operate your Forex Trading account with the broker of your choice, within your chosen broker guidelines with a minimum of 10 trades per month.Then you will receive an additional full year PREMIUM SERVICE subscription FREE.</li>\n	<li>This offer is in addition to any offers that the individual brokers may have in place. (Contact me if you require additional details)</li>\n</ol>\n&nbsp;\n\nThe cost of a one-year PREMIUM SERVICE subscription is $795.00, which is equal to $20 per week.\n\nWith a bonus year FREE this means as a subscriber you would receive 80 weeks of all the PREMIUM SERVICE offers for the price of a 40-week subscription, which equates to just $10 per week.\n\nIt is a great opportunity to get on-board and generate an income from trading the Forex market.\n\n&nbsp;\n<p style=\"text-align: center;\">Based on the 2014\n<strong>PREMIUM SERVICE\n</strong>Performance\n<span style=\"line-height: 1.5;\">and, of course\n</span>Subject to the size of your broker account.</p>\n<p style=\"text-align: center;\">You could earn from April 1<sup>st</sup> 2014 to December 31<sup>st</sup> 2015</p>\n<p style=\"text-align: center;\">As a STANDARD LOT TRADER up to <strong>$80,000.00</strong>\n(based on trading single-lot trades)</p>\n<p style=\"text-align: center;\">As a MINI LOT TRADER up to <strong>$8,000.00</strong>\n(based on trading single-lot trades)</p>\n<p style=\"text-align: center;\">As a MICRO LOT TRADER up to <strong>$800.00</strong>\n(based on trading single-lot trades)</p>\n<p style=\"text-align: center;\">The income projections above are based off last year’s performance using my suggested trade set-ups for FLASH, RADAR and FUNDAMENTAL trades.\nI have a full list of my suggested trades from 2014. Copies of which can be supplied upon request.</p>\n<p style=\"text-align: center;\">In addition by visiting my website at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and reading through all my archived blogs you can see my thoughts and comments behind the trades that were initially suggested and then undertaken.</p>\n<p style=\"text-align: center;\">FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</p>\n&nbsp;\n\nWhat to do if you want to subscribe and take advantage of this PROMOTION:\n<ol>\n	<li>All you need is a PayPal account for a subscription to the PREMIUM SERVICE.</li>\n	<li>Go back to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> and click on the SIGN-UP tab at the top of the page.</li>\n	<li>This enables your subscription to the PREMIUM SERVICE. Upon completion you will have 100% full access available.</li>\n	<li>Look at the banners of my Forex broker partners on the left hand side of my welcome page. Choose which one is right for you and click on the banner. This will link the offer.\n\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span>: If you DO NOT use the banner on my website there is NO PROMOTIONAL OFFER available to you.\nThe account opening process with the broker is simple and straightforward. You will require photo ID and address confirmation documents to be scanned to the broker during the process.</li>\n</ol>\nWhat, if you already have an existing broker account?\n\nWhy not open an additional account with one of my partners and use the additional trading account for PREMIUM SERVICE trades, only, separate from your own trades; this enables a quick comparison of performance.\n\nThis very special PROMOTION ends on Sunday 31st May 2015 at 11.59pm (EDT)\n\nDo not hesitate to contact me should you have any questions at all about this PROMOTION.\n\nScott Pickering\nThe Pip Accumulator\nscott@weeklyfxdrivethru.com\nApril 1<sup>st</sup> 2015','PREMIUM SERVICE - SPRING PROMOTION expires 31st May 2015.','','inherit','open','closed','','5659-autosave-v1','','','2015-04-01 11:11:10','2015-04-01 16:11:10','',5659,'https://weeklyfxdrivethru.com/5659-autosave-v1/',0,'revision','',0),(5666,1,'2015-04-01 11:11:20','2015-04-01 16:11:20','&nbsp;\r\n<h3 style=\"text-align: center;\"> THE PREMIUM SERVICE\r\n(The home of single-lot trading)</h3>\r\n<h4 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong><span style=\"text-decoration: underline;\">THE PREMIUM SERVICE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">SPRING PROMOTION\r\n</span></strong><strong><span style=\"text-decoration: underline;\">RECEIVE A ONE YEAR SUBSCRIPTION\r\n</span></strong><strong style=\"line-height: 1.5;\"><span style=\"text-decoration: underline;\">TO THE PREMIUM SERVICE FREE\r\n</span></strong><strong><span style=\"text-decoration: underline;\">(Conditions and Details below)</span></strong></span></h4>\r\n&nbsp;\r\n\r\nHere in Montreal the winters snow is clearing and spring is in the air. It will soon be time for trading outside in the heat with the bugs!\r\n\r\nTo celebrate the climate change I have the best PROMOTION that I have ever been able to offer in conjunction with my Forex Business partners: -\r\n<ul>\r\n	<li>BLACKWELL GLOBAL</li>\r\n	<li>AVATRADE\r\nand</li>\r\n	<li>FX PRO</li>\r\n</ul>\r\nIt is simple and straightforward.\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE for one year.</li>\r\n	<li>Open a broker account (minimum balance $5,000.00) with one of my Forex Business partners listed above using their banner on my website.</li>\r\n	<li>Operate your Forex Trading account with the broker of your choice, within your chosen broker guidelines with a minimum of 10 trades per month.Then you will receive an additional full year PREMIUM SERVICE subscription FREE.</li>\r\n	<li>This offer is in addition to any offers that the individual brokers may have in place. (Contact me if you require additional details)</li>\r\n</ol>\r\n&nbsp;\r\n\r\nThe cost of a one-year PREMIUM SERVICE subscription is $795.00, which is equal to $20 per week.\r\n\r\nWith a bonus year FREE this means as a subscriber you would receive 80 weeks of all the PREMIUM SERVICE offers for the price of a 40-week subscription, which equates to just $10 per week.\r\n\r\nIt is a great opportunity to get on-board and generate an income from trading the Forex market.\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">Based on the 2014\r\n<strong>PREMIUM SERVICE\r\n</strong>Performance\r\n<span style=\"line-height: 1.5;\">and, of course\r\n</span>Subject to the size of your broker account.</p>\r\n<p style=\"text-align: center;\">You could earn from April 1<sup>st</sup> 2014 to December 31<sup>st</sup> 2015</p>\r\n<p style=\"text-align: center;\">As a STANDARD LOT TRADER up to <strong>$80,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MINI LOT TRADER up to <strong>$8,000.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">As a MICRO LOT TRADER up to <strong>$800.00</strong>\r\n(based on trading single-lot trades)</p>\r\n<p style=\"text-align: center;\">The income projections above are based off last year’s performance using my suggested trade set-ups for FLASH, RADAR and FUNDAMENTAL trades.\r\nI have a full list of my suggested trades from 2014. Copies of which can be supplied upon request.</p>\r\n<p style=\"text-align: center;\">In addition by visiting my website at <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> and reading through all my archived blogs you can see my thoughts and comments behind the trades that were initially suggested and then undertaken.</p>\r\n<p style=\"text-align: center;\">FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.</p>\r\n&nbsp;\r\n\r\nWhat to do if you want to subscribe and take advantage of this PROMOTION:\r\n<ol>\r\n	<li>All you need is a PayPal account for a subscription to the PREMIUM SERVICE.</li>\r\n	<li>Go back to my landing page on <a href=\"http://www.weeklyfxdrivethru.com\">weeklyfxdrivethru.com</a> and click on the SIGN-UP tab at the top of the page.</li>\r\n	<li>This enables your subscription to the PREMIUM SERVICE. Upon completion you will have 100% full access available.</li>\r\n	<li>Look at the banners of my Forex broker partners on the left hand side of my welcome page. Choose which one is right for you and click on the banner. This will link the offer.\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE</strong></span>: If you DO NOT use the banner on my website there is NO PROMOTIONAL OFFER available to you.\r\nThe account opening process with the broker is simple and straightforward. You will require photo ID and address confirmation documents to be scanned to the broker during the process.</li>\r\n</ol>\r\nWhat, if you already have an existing broker account?\r\n\r\nWhy not open an additional account with one of my partners and use the additional trading account for PREMIUM SERVICE trades, only, separate from your own trades; this enables a quick comparison of performance.\r\n\r\nThis very special PROMOTION ends on Sunday 31st May 2015 at 11.59pm (EDT)\r\n\r\nDo not hesitate to contact me should you have any questions at all about this PROMOTION.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nscott@weeklyfxdrivethru.com\r\nApril 1<sup>st</sup> 2015','PREMIUM SERVICE - SPRING PROMOTION expires 31st May 2015.','','inherit','open','closed','','5659-revision-v1','','','2015-04-01 11:11:20','2015-04-01 16:11:20','',5659,'https://weeklyfxdrivethru.com/5659-revision-v1/',0,'revision','',0),(5681,1,'2015-04-05 09:43:42','2015-04-05 14:43:42','','STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS','','inherit','open','closed','','steps-to-take-when-faced-with-stressful-forex-situations','','','2015-04-05 11:19:19','2015-04-05 16:19:19','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/STEPS-TO-TAKE-WHEN-FACED-WITH-STRESSFUL-FOREX-SITUATIONS.pdf',0,'attachment','application/pdf',0),(5696,1,'2015-04-05 10:58:21','2015-04-05 15:58:21','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 05.04.2015\r\nREFERENCE: #54\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\r\n\r\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\r\nIt was the weakest number in 15 months.\r\nUnemployment Rate held at 5.5%.\r\n\r\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\r\n\r\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\r\n\r\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\r\n\r\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\r\n\r\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\r\n\r\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\r\n\r\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\r\n\r\n<span style=\"text-decoration: underline;\">GREECE:</span>\r\n\r\nI am writing about the on-going saga later so I will reserve my comments until then.\r\n\r\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\r\n\r\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\r\n\r\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\r\n\r\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\r\n\r\nTraders of the CAD, NOK and MXN take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\r\n\r\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\r\n\r\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\r\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\r\n\r\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\r\n\r\nAs I understand it, the Greek government has to make the following payments: -\r\n\r\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\r\nAPRIL 14<sup>th-</sup> Government salaries.\r\nMAY 1<sup>st</sup> - €200 million.<sup>\r\n</sup>MAY 12th - €763 million.\r\n\r\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\r\n\r\nWe are down to the wire.\r\n\r\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\r\n\r\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\r\n\r\nAre the printing presses running printing drachma once again?\r\n\r\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\r\n\r\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\r\n\r\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\r\n\r\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\r\n\r\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\r\n\r\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\r\n\r\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\r\n\r\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\r\n\r\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\r\n<ol>\r\n	<li>Capital controls in Greece.</li>\r\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\r\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\r\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\r\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\r\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\r\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\r\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\r\n	<li>We have a contagion effect.</li>\r\n</ol>\r\nThe one thing that you can guarantee is that any EUROZONE “madness”\r\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\r\n\r\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\r\n\r\nThe decision this week is very simple but the risks are high…..\r\n\r\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\r\n<strong> PROFIT from 212 trades = $300.60 </strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\r\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\r\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE –  PIP MEASUREMENT COMPARISONS (2014-2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\"><img class=\"aligncenter size-full wp-image-5672\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\" alt=\"PREM SERV PROFITS 2 05042015\" width=\"470\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)<strong> </strong>\r\n<p style=\"text-align: center;\"><strong>STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS:</strong></p>\r\nForex trading, at the very least requires you to deal with risk and the unknown every single day. Because of the uncertainty surrounding trading, you will most likely encounter events that may change your comfort level, aka “stress you out”. Psychological stress is natural in trading.\r\n\r\nBut wait a minute…. Isn’t stress always bad?\r\n\r\nPsychological stress can be good when it gives way to a flight or fight response, wherein you become more alert and mentally prepared to deal with challenges. It is likely a jolt of adrenaline to the brain, which tells your mind and body to react and mobilize. In this case, stress can help you protect yourself and improve performance.\r\n\r\nOn the other hand, a trader who does not react positively to stress can hinder his/her trading performance. This is when you perceive an event as a threat. Instead of feeling alert and becoming prepared to react to a challenge, your fear of the unknown bogs you down and you become anxious or freeze. This kind of stress can be crippling for making good decisions as you lose your ability to remain calm and to focus.\r\n\r\nImagine you are crossing a street and all of a sudden a ten-wheeler truck or double-decker bus comes out of nowhere speeding in front of you. How would you react?\r\n\r\nNaturally, stress kicks in. If you\'ve developed the ability to react positively to stress, or even ignore it all together, your body will immediately react and you will run to safety. If not, you will freeze in the middle of the road with a deer in the headlights expression on your face…. and I can only imagine what will happen next.\r\n\r\nAt the end of the day, its how you perceive events that give way to either the good or bad reactions to potentially stressful situations, and its how you handle your stress during these critical situations that determines whether you sink or swim. Here are a couple of steps you can take:\r\n<ol>\r\n	<li><strong> ACCEPTANCE:</strong></li>\r\n</ol>\r\nThe first step is to know that losing is a natural part of trading and that a single trade, or a string of losing trades, is not the end of the world providing you have proper RISK MANAGEMENT in place. Once you have recognized this fact you can focus your mind on what you CAN do rather than on what you CAN’T do.\r\n\r\n<strong>2. RESPONSE:</strong>\r\n\r\nSecondly, you need to realize that in potentially stressful situations you have to be able to learn to respond well (calmly staying focused and rational) instead of responding negatively (freezing and / or acting impulsively). In other words, when faced with stress you have to train yourself to recognize it, then dive to get out of the way of that speeding ten-wheeler just as an action star would do, instead of freezing from anxiety and getting crushed like a grape!\r\n\r\nAccepting that losing is a natural part of trading and developing a positive response to market events can only come through one thing: deliberate practice. Through (taking many DEMO trades and then observing and adjusting your psychological/physical responses) negative responses to trading stress can be reduced significantly or even be used as a tool to sharpen your senses to make better on the spot judgments to your trades as new information comes your way.\r\n\r\nI suppose at the end of the day you have to learn to accept stressful situations in trading.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\nAs we headed towards NFP on Friday we had one or two squeezy moments and I took those opportunities to close off all bar one trade ahead of NFP. I hate NFP days at the best of times and the thoughts of NFP on a thin very light market did not give me the warm fuzzies.\r\n\r\nOverall it was a positive start to April, I decided to close both of the Hedged trades (EUR/CHF &amp; GBP/CAD) as I was just getting more and frustrated looking at them, just bouncing in ranges many, many pips away from the entry levels.\r\n\r\nI have no doubt that this month will be as difficult to measure as last month. The market is just very choppy and at times you wonder what is the point. You make great profits and end up giving some of it back as the market reverses. I am finding it very difficult to let trades run. This is reflected in the income per trade numbers this year in direct comparison with 2014.\r\n\r\nThe one thing above all that I have learned from my years with the Forex market is no two trading periods are the same and you just have to get on with it and make the best of things. It is what it is and there is nothing that we as retail traders can do about it.\r\n\r\nI just want to mention changes with regards to twitter. From this week only TRADE SET-UPS for PREMIUM SERVICE trades will be on the PREMIUM SERVICE twitter account. My thoughts on the market will be on @pipaccumulator. It is subtle change but I just wanted to let you know.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nThere are currently no LIVE PREMIUM SERVICE trades. All positions were removed prior to Non Farm Payrolls last Friday, with the exception of a USD/JPY short trade that was closed as the data was released.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-05042015.png\"><img class=\"aligncenter size-full wp-image-5679\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-05042015.png\" alt=\"LIMIT ORDERS 05042015\" width=\"720\" height=\"402\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nRemember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\nThis section contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS.\r\n\r\n<span style=\"text-decoration: underline;\">THIS WEEKS OVERVIEW:</span>\r\n\r\nThere are no a lot of comments on the charts this week. I am really in limbo with my thoughts as I feel that we have yet to see the full news event of NFP unfold and the geopolitical events are weighing in on my thoughts.\r\n\r\nThe one thing that does always resonates with me though is that USD will always be the flight to safety currency, and that is always a fact to consider and weigh on any decisions.\r\n\r\nThe charts this week that have caught my eye are: -\r\n\r\nAUD/NZD, GBP/JPY, AUD/JPY, EUR/JPY, EUR/GBP, GBP/AUD and GBP/CAD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5695\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-05042015-1024x517.png\" alt=\"AUDJPY MONTHLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5694\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-WEEKLY-05042015-1024x517.png\" alt=\"AUDNZD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURGBP-240M-05042015.png\"><img class=\"aligncenter size-large wp-image-5693\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURGBP-240M-05042015-1024x517.png\" alt=\"EURGBP 240M 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURJPY-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5692\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURJPY-DAILY-05042015-1024x517.png\" alt=\"EURJPY DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5691\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-DAILY-05042015-1024x517.png\" alt=\"GBPAUD DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-240M-05042015.png\"><img class=\"aligncenter size-large wp-image-5690\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-240M-05042015-1024x517.png\" alt=\"GBPCAD 240M 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPJPY-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5689\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPJPY-DAILY-05042015-1024x517.png\" alt=\"GBPJPY DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-05042015.png\"><img class=\"aligncenter size-full wp-image-5680\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-05042015.png\" alt=\"TRENDING PAIRS 05042015\" width=\"403\" height=\"528\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n</span></strong>(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n<strong>EUR/USD: Closing Price 1.0966.</strong>\r\n\r\nCertainly when we look at the weekly chart below, the so-called bearish move in the EUR/USD looks somewhat over as we have now seen three weekly moves to the upside.\r\n\r\nWe have a short at 1.1050 in position, which I am still happy to trade from. We must NOT forget the divergence in play between the FED and the ECB.\r\n\r\nWe have a major geopolitical news event on the horizon namely GREECE. Whichever you cut it, GREECE leaving, defaulting, or delaying, all brings uncertainty which is all bad news and the EUR/USD should fall. At this stage, I think that we may see a small rally if an exit or default is avoided. However, I think that it may be followed by a fall in the EUR/USD, as any “can kicking solution” is no solution. Unless it is a proper fix, any market euphoria will be short lived.\r\n\r\nLooking at the chart once again, one can argue we have a nice range of 1.0450 to 1.1090.\r\n\r\nImmediate support is back at 1.0800 and 1.1050 should provide some resistance.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5687\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-WEEKLY-05042015-1024x517.png\" alt=\"EURUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4901</strong>.\r\n\r\nAfter all the shenanigans, the GBP/USD ended last week only 30 pips higher than the week before. This was after Carney’s ra-ra speech in Berlin. I think that the UK election outcome still has an influence on the cable at the moment.\r\n\r\nWhen you look at the chart below we have a range that looks nicely defined from 1.4625 to 1.4950.\r\n\r\nSupport is back at 1.4850 and 1.4950 should provide some resistance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5686\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-WEEKLY-05042015-1024x517.png\" alt=\"GBPUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.7631</strong>.\r\n\r\nThis is a big week for the AUD/USD. We have both Retail Sales and an RBA interest rate statement. The consensus on the street is for a cut following the drop in Iron Ore prices.\r\n\r\nThe AUD is certainly under pressure. It has had one or two near death experiences recently and if the recent lows are broken at 0.7630, it can only look pretty glum for the AUD across the board cross rates and in particular the AUD/NZD which could break below parity.\r\n\r\nThe weekly chart below shows a bearish trend. I see support at the lows of 0.7630 and resistance at 0.7870.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5688\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-WEEKLY-05042015-1024x517.png\" alt=\"AUDUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7566</strong>.\r\n\r\nHardly any change in the closing weekly numbers week on week, just 5 pips difference.\r\n\r\nSupport is still at 0.7170 and resistance for me sits at 0.7620…. no change from last week.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-WEEKLY-05042014.png\"><img class=\"aligncenter size-large wp-image-5685\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-WEEKLY-05042014-1024x517.png\" alt=\"NZDUSD WEEKLY 05042014\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2465.</strong>\r\n\r\nThe “Loonie” came under a lot of pressure to the downside at the end of the week. Given the poor economic data from Canada, this was quite a surprising move.\r\n\r\nThe chart below shows the immediate range of 1.2340 to 1.2820. It is a very clear range that we are working.\r\n\r\nImmediate support however is at 1.2400 and resistance at 1.2500.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5684\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-WEEKLY-05042015-1024x517.png\" alt=\"USDCAD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9405</strong>.\r\n\r\nWe closed the week on the 127% extension. I would normally be saying that this is a place to enter long, however, with the GREECE situation and the possible effect that it may have on the EUR/CHF, I am reluctant to enter a trade with the USD/CHF at the moment, because of the high intensity cross rate effect this pair has<strong> </strong>\r\n\r\nLooking at the 240-minute chart below, doesn’t really tell us too much. The 161.8% Fibonacci extension comes in at 0.9320. This may be the level to start looking at to enter long\r\n\r\nSupport is at 0.9320 and resistance at 0.9450.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-240M-05042014.png\"><img class=\"aligncenter size-large wp-image-5683\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-240M-05042014-1024x517.png\" alt=\"USDCHF 240M 05042014\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 118.87.</strong>\r\n\r\nNo change from last week. We are still in the same range.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5682\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-WEEKLY-05042015-1024x517.png\" alt=\"USDJPY WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\">THE WEEK AHEAD: -\r\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: CAD – IVEY PMi.\r\nMONDAY: AUD – Retail Sales.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Services PMi.\r\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate Decision.\r\nTHURSDAY: CNY - CPI.\r\n\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI think this week may be a very difficult choppy week to trade.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 5th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','publish','open','closed','','does-merkel-have-the-balls-to-risk-a-contagion','','','2015-04-05 10:58:21','2015-04-05 15:58:21','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=5696',0,'member_posts','',0),(5698,1,'2015-04-05 10:58:01','2015-04-05 15:58:01','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 05.04.2015\r\nREFERENCE: #54\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\r\n\r\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\r\nIt was the weakest number in 15 months.\r\nUnemployment Rate held at 5.5%.\r\n\r\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\r\n\r\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\r\n\r\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\r\n\r\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\r\n\r\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\r\n\r\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\r\n\r\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\r\n\r\n<span style=\"text-decoration: underline;\">GREECE:</span>\r\n\r\nI am writing about the on-going saga later so I will reserve my comments until then.\r\n\r\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\r\n\r\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\r\n\r\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\r\n\r\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\r\n\r\nTraders of the CAD, NOK and MXN take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\r\n\r\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\r\n\r\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\r\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\r\n\r\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\r\n\r\nAs I understand it, the Greek government has to make the following payments: -\r\n\r\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\r\nAPRIL 14<sup>th-</sup> Government salaries.\r\nMAY 1<sup>st</sup> - €200 million.<sup>\r\n</sup>MAY 12th - €763 million.\r\n\r\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\r\n\r\nWe are down to the wire.\r\n\r\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\r\n\r\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\r\n\r\nAre the printing presses running printing drachma once again?\r\n\r\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\r\n\r\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\r\n\r\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\r\n\r\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\r\n\r\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\r\n\r\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\r\n\r\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\r\n\r\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\r\n\r\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\r\n<ol>\r\n	<li>Capital controls in Greece.</li>\r\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\r\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\r\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\r\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\r\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\r\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\r\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\r\n	<li>We have a contagion effect.</li>\r\n</ol>\r\nThe one thing that you can guarantee is that any EUROZONE “madness”\r\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\r\n\r\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\r\n\r\nThe decision this week is very simple but the risks are high…..\r\n\r\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\r\n<strong> PROFIT from 212 trades = $300.60 </strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\r\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\r\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE –  PIP MEASUREMENT COMPARISONS (2014-2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\"><img class=\"aligncenter size-full wp-image-5672\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\" alt=\"PREM SERV PROFITS 2 05042015\" width=\"470\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)<strong> </strong>\r\n<p style=\"text-align: center;\"><strong>STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS:</strong></p>\r\nForex trading, at the very least requires you to deal with risk and the unknown every single day. Because of the uncertainty surrounding trading, you will most likely encounter events that may change your comfort level, aka “stress you out”. Psychological stress is natural in trading.\r\n\r\nBut wait a minute…. Isn’t stress always bad?\r\n\r\nPsychological stress can be good when it gives way to a flight or fight response, wherein you become more alert and mentally prepared to deal with challenges. It is likely a jolt of adrenaline to the brain, which tells your mind and body to react and mobilize. In this case, stress can help you protect yourself and improve performance.\r\n\r\nOn the other hand, a trader who does not react positively to stress can hinder his/her trading performance. This is when you perceive an event as a threat. Instead of feeling alert and becoming prepared to react to a challenge, your fear of the unknown bogs you down and you become anxious or freeze. This kind of stress can be crippling for making good decisions as you lose your ability to remain calm and to focus.\r\n\r\nImagine you are crossing a street and all of a sudden a ten-wheeler truck or double-decker bus comes out of nowhere speeding in front of you. How would you react?\r\n\r\nNaturally, stress kicks in. If you\'ve developed the ability to react positively to stress, or even ignore it all together, your body will immediately react and you will run to safety. If not, you will freeze in the middle of the road with a deer in the headlights expression on your face…. and I can only imagine what will happen next.\r\n\r\nAt the end of the day, its how you perceive events that give way to either the good or bad reactions to potentially stressful situations, and its how you handle your stress during these critical situations that determines whether you sink or swim. Here are a couple of steps you can take:\r\n<ol>\r\n	<li><strong> ACCEPTANCE:</strong></li>\r\n</ol>\r\nThe first step is to know that losing is a natural part of trading and that a single trade, or a string of losing trades, is not the end of the world providing you have proper RISK MANAGEMENT in place. Once you have recognized this fact you can focus your mind on what you CAN do rather than on what you CAN’T do.\r\n\r\n<strong>2. RESPONSE:</strong>\r\n\r\nSecondly, you need to realize that in potentially stressful situations you have to be able to learn to respond well (calmly staying focused and rational) instead of responding negatively (freezing and / or acting impulsively). In other words, when faced with stress you have to train yourself to recognize it, then dive to get out of the way of that speeding ten-wheeler just as an action star would do, instead of freezing from anxiety and getting crushed like a grape!\r\n\r\nAccepting that losing is a natural part of trading and developing a positive response to market events can only come through one thing: deliberate practice. Through (taking many DEMO trades and then observing and adjusting your psychological/physical responses) negative responses to trading stress can be reduced significantly or even be used as a tool to sharpen your senses to make better on the spot judgments to your trades as new information comes your way.\r\n\r\nI suppose at the end of the day you have to learn to accept stressful situations in trading.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\nAs we headed towards NFP on Friday we had one or two squeezy moments and I took those opportunities to close off all bar one trade ahead of NFP. I hate NFP days at the best of times and the thoughts of NFP on a thin very light market did not give me the warm fuzzies.\r\n\r\nOverall it was a positive start to April, I decided to close both of the Hedged trades (EUR/CHF &amp; GBP/CAD) as I was just getting more and frustrated looking at them, just bouncing in ranges many, many pips away from the entry levels.\r\n\r\nI have no doubt that this month will be as difficult to measure as last month. The market is just very choppy and at times you wonder what is the point. You make great profits and end up giving some of it back as the market reverses. I am finding it very difficult to let trades run. This is reflected in the income per trade numbers this year in direct comparison with 2014.\r\n\r\nThe one thing above all that I have learned from my years with the Forex market is no two trading periods are the same and you just have to get on with it and make the best of things. It is what it is and there is nothing that we as retail traders can do about it.\r\n\r\nI just want to mention changes with regards to twitter. From this week only TRADE SET-UPS for PREMIUM SERVICE trades will be on the PREMIUM SERVICE twitter account. My thoughts on the market will be on @pipaccumulator. It is subtle change but I just wanted to let you know.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nThere are currently no LIVE PREMIUM SERVICE trades. All positions were removed prior to Non Farm Payrolls last Friday, with the exception of a USD/JPY short trade that was closed as the data was released.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-05042015.png\"><img class=\"aligncenter size-full wp-image-5679\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-05042015.png\" alt=\"LIMIT ORDERS 05042015\" width=\"720\" height=\"402\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nRemember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\nThis section contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS.\r\n\r\n<span style=\"text-decoration: underline;\">THIS WEEKS OVERVIEW:</span>\r\n\r\nThere are no a lot of comments on the charts this week. I am really in limbo with my thoughts as I feel that we have yet to see the full news event of NFP unfold and the geopolitical events are weighing in on my thoughts.\r\n\r\nThe one thing that does always resonates with me though is that USD will always be the flight to safety currency, and that is always a fact to consider and weigh on any decisions.\r\n\r\nThe charts this week that have caught my eye are: -\r\n\r\nAUD/NZD, GBP/JPY, AUD/JPY, EUR/JPY, EUR/GBP, GBP/AUD and GBP/CAD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5695\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-05042015-1024x517.png\" alt=\"AUDJPY MONTHLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5694\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-WEEKLY-05042015-1024x517.png\" alt=\"AUDNZD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURGBP-240M-05042015.png\"><img class=\"aligncenter size-large wp-image-5693\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURGBP-240M-05042015-1024x517.png\" alt=\"EURGBP 240M 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURJPY-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5692\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURJPY-DAILY-05042015-1024x517.png\" alt=\"EURJPY DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5691\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-DAILY-05042015-1024x517.png\" alt=\"GBPAUD DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-240M-05042015.png\"><img class=\"aligncenter size-large wp-image-5690\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-240M-05042015-1024x517.png\" alt=\"GBPCAD 240M 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPJPY-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5689\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPJPY-DAILY-05042015-1024x517.png\" alt=\"GBPJPY DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-05042015.png\"><img class=\"aligncenter size-full wp-image-5680\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-05042015.png\" alt=\"TRENDING PAIRS 05042015\" width=\"403\" height=\"528\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n</span></strong>(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n<strong>EUR/USD: Closing Price 1.0966.</strong>\r\n\r\nCertainly when we look at the weekly chart below, the so-called bearish move in the EUR/USD looks somewhat over as we have now seen three weekly moves to the upside.\r\n\r\nWe have a short at 1.1050 in position, which I am still happy to trade from. We must NOT forget the divergence in play between the FED and the ECB.\r\n\r\nWe have a major geopolitical news event on the horizon namely GREECE. Whichever you cut it, GREECE leaving, defaulting, or delaying, all brings uncertainty which is all bad news and the EUR/USD should fall. At this stage, I think that we may see a small rally if an exit or default is avoided. However, I think that it may be followed by a fall in the EUR/USD, as any “can kicking solution” is no solution. Unless it is a proper fix, any market euphoria will be short lived.\r\n\r\nLooking at the chart once again, one can argue we have a nice range of 1.0450 to 1.1090.\r\n\r\nImmediate support is back at 1.0800 and 1.1050 should provide some resistance.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5687\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-WEEKLY-05042015-1024x517.png\" alt=\"EURUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4901</strong>.\r\n\r\nAfter all the shenanigans, the GBP/USD ended last week only 30 pips higher than the week before. This was after Carney’s ra-ra speech in Berlin. I think that the UK election outcome still has an influence on the cable at the moment.\r\n\r\nWhen you look at the chart below we have a range that looks nicely defined from 1.4625 to 1.4950.\r\n\r\nSupport is back at 1.4850 and 1.4950 should provide some resistance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5686\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-WEEKLY-05042015-1024x517.png\" alt=\"GBPUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.7631</strong>.\r\n\r\nThis is a big week for the AUD/USD. We have both Retail Sales and an RBA interest rate statement. The consensus on the street is for a cut following the drop in Iron Ore prices.\r\n\r\nThe AUD is certainly under pressure. It has had one or two near death experiences recently and if the recent lows are broken at 0.7630, it can only look pretty glum for the AUD across the board cross rates and in particular the AUD/NZD which could break below parity.\r\n\r\nThe weekly chart below shows a bearish trend. I see support at the lows of 0.7630 and resistance at 0.7870.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5688\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-WEEKLY-05042015-1024x517.png\" alt=\"AUDUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7566</strong>.\r\n\r\nHardly any change in the closing weekly numbers week on week, just 5 pips difference.\r\n\r\nSupport is still at 0.7170 and resistance for me sits at 0.7620…. no change from last week.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-WEEKLY-05042014.png\"><img class=\"aligncenter size-large wp-image-5685\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-WEEKLY-05042014-1024x517.png\" alt=\"NZDUSD WEEKLY 05042014\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2465.</strong>\r\n\r\nThe “Loonie” came under a lot of pressure to the downside at the end of the week. Given the poor economic data from Canada, this was quite a surprising move.\r\n\r\nThe chart below shows the immediate range of 1.2340 to 1.2820. It is a very clear range that we are working.\r\n\r\nImmediate support however is at 1.2400 and resistance at 1.2500.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5684\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-WEEKLY-05042015-1024x517.png\" alt=\"USDCAD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9405</strong>.\r\n\r\nWe closed the week on the 127% extension. I would normally be saying that this is a place to enter long, however, with the GREECE situation and the possible effect that it may have on the EUR/CHF, I am reluctant to enter a trade with the USD/CHF at the moment, because of the high intensity cross rate effect this pair has<strong> </strong>\r\n\r\nLooking at the 240-minute chart below, doesn’t really tell us too much. The 161.8% Fibonacci extension comes in at 0.9320. This may be the level to start looking at to enter long\r\n\r\nSupport is at 0.9320 and resistance at 0.9450.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-240M-05042014.png\"><img class=\"aligncenter size-large wp-image-5683\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-240M-05042014-1024x517.png\" alt=\"USDCHF 240M 05042014\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 118.87.</strong>\r\n\r\nNo change from last week. We are still in the same range.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5682\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-WEEKLY-05042015-1024x517.png\" alt=\"USDJPY WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\">THE WEEK AHEAD: -\r\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: CAD – IVEY PMi.\r\nMONDAY: AUD – Retail Sales.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Services PMi.\r\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate Decision.\r\nTHURSDAY: CNY - CPI.\r\n\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI think this week may be a very difficult choppy week to trade.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 5th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','inherit','open','closed','','5696-revision-v1','','','2015-04-05 10:58:01','2015-04-05 15:58:01','',5696,'https://weeklyfxdrivethru.com/5696-revision-v1/',0,'revision','',0),(5697,1,'2015-04-05 10:55:12','2015-04-05 15:55:12','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 05.04.2015\r\nREFERENCE: #54\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\r\n\r\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\r\nIt was the weakest number in 15 months.\r\nUnemployment Rate held at 5.5%.\r\n\r\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\r\n\r\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\r\n\r\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\r\n\r\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\r\n\r\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\r\n\r\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\r\n\r\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\r\n\r\n<span style=\"text-decoration: underline;\">GREECE:</span>\r\n\r\nI am writing about the on-going saga later so I will reserve my comments until then.\r\n\r\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\r\n\r\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\r\n\r\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\r\n\r\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\r\n\r\nTraders of the CAD, NOK and MXN take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\r\n\r\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\r\n\r\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\r\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\r\n\r\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\r\n\r\nAs I understand it, the Greek government has to make the following payments: -\r\n\r\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\r\nAPRIL 14<sup>th-</sup> Government salaries.\r\nMAY 1<sup>st</sup> - €200 million.<sup>\r\n</sup>MAY 12th - €763 million.\r\n\r\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\r\n\r\nWe are down to the wire.\r\n\r\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\r\n\r\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\r\n\r\nAre the printing presses running printing drachma once again?\r\n\r\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\r\n\r\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\r\n\r\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\r\n\r\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\r\n\r\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\r\n\r\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\r\n\r\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\r\n\r\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\r\n\r\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\r\n<ol>\r\n	<li>Capital controls in Greece.</li>\r\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\r\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\r\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\r\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\r\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\r\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\r\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\r\n	<li>We have a contagion effect.</li>\r\n</ol>\r\nThe one thing that you can guarantee is that any EUROZONE “madness”\r\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\r\n\r\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\r\n\r\nThe decision this week is very simple but the risks are high…..\r\n\r\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:\r\n\r\n</span>\r\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\r\n<strong> PROFIT from 212 trades = $300.60 </strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\r\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\r\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE –  PIP MEASUREMENT COMPARISONS (2014-2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\"><img class=\"aligncenter size-full wp-image-5672\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\" alt=\"PREM SERV PROFITS 2 05042015\" width=\"470\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)<strong> </strong>\r\n<p style=\"text-align: center;\"><strong>STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS:</strong></p>\r\nForex trading, at the very least requires you to deal with risk and the unknown every single day. Because of the uncertainty surrounding trading, you will most likely encounter events that may change your comfort level, aka “stress you out”. Psychological stress is natural in trading.\r\n\r\nBut wait a minute…. Isn’t stress always bad?\r\n\r\nPsychological stress can be good when it gives way to a flight or fight response, wherein you become more alert and mentally prepared to deal with challenges. It is likely a jolt of adrenaline to the brain, which tells your mind and body to react and mobilize. In this case, stress can help you protect yourself and improve performance.\r\n\r\nOn the other hand, a trader who does not react positively to stress can hinder his/her trading performance. This is when you perceive an event as a threat. Instead of feeling alert and becoming prepared to react to a challenge, your fear of the unknown bogs you down and you become anxious or freeze. This kind of stress can be crippling for making good decisions as you lose your ability to remain calm and to focus.\r\n\r\nImagine you are crossing a street and all of a sudden a ten-wheeler truck or double-decker bus comes out of nowhere speeding in front of you. How would you react?\r\n\r\nNaturally, stress kicks in. If you\'ve developed the ability to react positively to stress, or even ignore it all together, your body will immediately react and you will run to safety. If not, you will freeze in the middle of the road with a deer in the headlights expression on your face…. and I can only imagine what will happen next.\r\n\r\nAt the end of the day, its how you perceive events that give way to either the good or bad reactions to potentially stressful situations, and its how you handle your stress during these critical situations that determines whether you sink or swim. Here are a couple of steps you can take:\r\n<ol>\r\n	<li><strong> ACCEPTANCE:</strong></li>\r\n</ol>\r\nThe first step is to know that losing is a natural part of trading and that a single trade, or a string of losing trades, is not the end of the world providing you have proper RISK MANAGAMENT in place. Once you have recognized this fact you can focus your mind on what you CAN do rather than on what you CAN’T do.\r\n\r\n<strong>2. RESPONSE:</strong>\r\n\r\nSecondly, you need to realize that in potentially stressful situations you have to be able to learn to respond well (calmly staying focused and rational) instead of responding negatively (freezing and / or acting impulsively). In other words, when faced with stress you have to train yourself to recognize it, then dive to get out of the way of that speeding ten-wheeler just as an action star would do, instead of freezing from anxiety and getting crushed like a grape!\r\n\r\nAccepting that losing is a natural part of trading and developing a positive response to market events can only come through one thing: deliberate practice. Through (taking many DEMO trades and then observing and adjusting your psychological/physical responses) negative responses to trading stress can be reduced significantly or even be used as a tool to sharpen your senses to make better on the spot judgments to your trades as new information comes your way.\r\n\r\nI suppose at the end of the day you have to learn to accept stressful situations in trading.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\nAs we headed towards NFP on Friday we had one or two squeezy moments and I took those opportunities to close off all bar one trade ahead of NFP. I hate NFP days at the best of times and the thoughts of NFP on a thin very light market did not give me the warm fuzzies.\r\n\r\nOverall it was a positive start to April, I decided to close both of the Hedged trades (EUR/CHF &amp; GBP/CAD) as I was just getting more and frustrated looking at them, just bouncing in ranges many, many pips away from the entry levels.\r\n\r\nI have no doubt that this month will be as difficult to measure as last month. The market is just very choppy and at times you wonder what is the point. You make great profits and end up giving some of it back as the market reverses. I am finding it very difficult to let trades run. This is reflected in the income per trade numbers this year in direct comparison with 2014.\r\n\r\nThe one thing above all that I have learned from my years with the Forex market is no two trading periods are the same and you just have to get on with it and make the best of things. It is what it is and there is nothing that we as retail traders can do about it.\r\n\r\nI just want to mention changes with regards to twitter. From this week only TRADE SET-UPS for PREMIUM SERVICE trades will be on the PREMIUM SERVICE twitter account. My thoughts on the market will be on @pipaccumulator. It is subtle change but I just wanted to let you know.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nThere are currently no LIVE PREMIUM SERVICE trades. All positions were removed prior to Non Farm Payrolls last Friday, with the exception of a USD/JPY short trade that was closed as the data was released.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-05042015.png\"><img class=\"aligncenter size-full wp-image-5679\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-05042015.png\" alt=\"LIMIT ORDERS 05042015\" width=\"720\" height=\"402\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nRemember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\nThis section contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS.\r\n\r\n<span style=\"text-decoration: underline;\">THIS WEEKS OVERVIEW:</span>\r\n\r\nThere are no a lot of comments on the charts this week. I am really in limbo with my thoughts as I feel that we have yet to see the full news event of NFP unfold and the geopolitical events are weighing in on my thoughts.\r\n\r\nThe one thing that does always resonates with me though is that USD will always be the flight to safety currency, and that is always a fact to consider and weigh on any decisions.\r\n\r\nThe charts this week that have caught my eye are: -\r\n\r\nAUD/NZD, GBP/JPY, AUD/JPY, EUR/JPY, EUR/GBP, GBP/AUD and GBP/CAD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5695\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-05042015-1024x517.png\" alt=\"AUDJPY MONTHLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5694\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-WEEKLY-05042015-1024x517.png\" alt=\"AUDNZD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURGBP-240M-05042015.png\"><img class=\"aligncenter size-large wp-image-5693\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURGBP-240M-05042015-1024x517.png\" alt=\"EURGBP 240M 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURJPY-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5692\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURJPY-DAILY-05042015-1024x517.png\" alt=\"EURJPY DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5691\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-DAILY-05042015-1024x517.png\" alt=\"GBPAUD DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-240M-05042015.png\"><img class=\"aligncenter size-large wp-image-5690\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-240M-05042015-1024x517.png\" alt=\"GBPCAD 240M 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPJPY-DAILY-05042015.png\"><img class=\"aligncenter size-large wp-image-5689\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPJPY-DAILY-05042015-1024x517.png\" alt=\"GBPJPY DAILY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-05042015.png\"><img class=\"aligncenter size-full wp-image-5680\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-05042015.png\" alt=\"TRENDING PAIRS 05042015\" width=\"403\" height=\"528\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n</span></strong>(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n<strong>EUR/USD: Closing Price 1.0966.</strong>\r\n\r\nCertainly when we look at the weekly chart below, the so-called bearish move in the EUR/USD looks somewhat over as we have now seen three weekly moves to the upside.\r\n\r\nWe have a short at 1.1050 in position, which I am still happy to trade from. We must NOT forget the divergence in play between the FED and the ECB.\r\n\r\nWe have a major geopolitical news event on the horizon namely GREECE. Whichever you cut it, GREECE leaving, defaulting, or delaying, all brings uncertainty which is all bad news and the EUR/USD should fall. At this stage, I think that we may see a small rally if an exit or default is avoided. However, I think that it may be followed by a fall in the EUR/USD, as any “can kicking solution” is no solution. Unless it is a proper fix, any market euphoria will be short lived.\r\n\r\nLooking at the chart once again, one can argue we have a nice range of 1.0450 to 1.1090.\r\n\r\nImmediate support is back at 1.0800 and 1.1050 should provide some resistance.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5687\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-WEEKLY-05042015-1024x517.png\" alt=\"EURUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4901</strong>.\r\n\r\nAfter all the shenanigans, the GBP/USD ended last week only 30 pips higher than the week before. This was after Carney’s ra-ra speech in Berlin. I think that the UK election outcome still has an influence on the cable at the moment.\r\n\r\nWhen you look at the chart below we have a range that looks nicely defined from 1.4625 to 1.4950.\r\n\r\nSupport is back at 1.4850 and 1.4950 should provide some resistance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5686\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-WEEKLY-05042015-1024x517.png\" alt=\"GBPUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.7631</strong>.\r\n\r\nThis is a big week for the AUD/USD. We have both Retail Sales and an RBA interest rate statement. The consensus on the street is for a cut following the drop in Iron Ore prices.\r\n\r\nThe AUD is certainly under pressure. It has had one or two near death experiences recently and if the recent lows are broken at 0.7630, it can only look pretty glum for the AUD across the board cross rates and in particular the AUD/NZD which could break below parity.\r\n\r\nThe weekly chart below shows a bearish trend. I see support at the lows of 0.7630 and resistance at 0.7870.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5688\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-WEEKLY-05042015-1024x517.png\" alt=\"AUDUSD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7566</strong>.\r\n\r\nHardly any change in the closing weekly numbers week on week, just 5 pips difference.\r\n\r\nSupport is still at 0.7170 and resistance for me sits at 0.7620…. no change from last week.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-WEEKLY-05042014.png\"><img class=\"aligncenter size-large wp-image-5685\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-WEEKLY-05042014-1024x517.png\" alt=\"NZDUSD WEEKLY 05042014\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2465.</strong>\r\n\r\nThe “Loonie” came under a lot of pressure to the downside at the end of the week. Given the poor economic data from Canada, this was quite a surprising move.\r\n\r\nThe chart below shows the immediate range of 1.2340 to 1.2820. It is a very clear range that we are working.\r\n\r\nImmediate support however is at 1.2400 and resistance at 1.2500.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5684\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-WEEKLY-05042015-1024x517.png\" alt=\"USDCAD WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9405</strong>.\r\n\r\nWe closed the week on the 127% extension. I would normally be saying that this is a place to enter long, however, with the GREECE situation and the possible effect that it may have on the EUR/CHF, I am reluctant to enter a trade with the USD/CHF at the moment, because of the high intensity cross rate effect this pair has<strong> </strong>\r\n\r\nLooking at the 240-minute chart below, doesn’t really tell us too much. The 161.8% Fibonacci extension comes in at 0.9320. This may be the level to start looking at to enter long\r\n\r\nSupport is at 0.9320 and resistance at 0.9450.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-240M-05042014.png\"><img class=\"aligncenter size-large wp-image-5683\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-240M-05042014-1024x517.png\" alt=\"USDCHF 240M 05042014\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 118.87.</strong>\r\n\r\nNo change from last week. We are still in the same range.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-WEEKLY-05042015.png\">\r\n\r\n\r\n</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-WEEKLY-05042015.png\"><img class=\"aligncenter size-large wp-image-5682\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-WEEKLY-05042015-1024x517.png\" alt=\"USDJPY WEEKLY 05042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\">THE WEEK AHEAD: -\r\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: CAD – IVEY PMi.\r\nMONDAY: AUD – Retail Sales.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Services PMi.\r\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate Decision.\r\nTHURSDAY: CNY - CPI.\r\n\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI think this week may be a very difficult choppy week to trade.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 5th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','inherit','open','closed','','5696-revision-v1','','','2015-04-05 10:55:12','2015-04-05 15:55:12','',5696,'https://weeklyfxdrivethru.com/5696-revision-v1/',0,'revision','',0),(5706,1,'2015-04-05 11:18:23','2015-04-05 16:18:23','<section class=\"one-sixth first\">\r\n<h4>Completed Trades Risk/Reward Analysis Archives</h4>\r\n<div class=\"menu\"><a class=\"flashmenu-item\" href=\"#\">2015</a></div>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a></h2>\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/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\"><img class=\"aligncenter size-full wp-image-4964\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-RISK-REWARD-31122014-YTD.png\" alt=\"PREM SERV RISK-REWARD 31122014 YTD\" width=\"436\" height=\"543\" /></a></h2>\r\n</div>\r\n</section>','COMPLETED TRADES RISK / REWARD ANALYSIS','','inherit','open','closed','','5006-revision-v1','','','2015-04-05 11:18:23','2015-04-05 16:18:23','',5006,'https://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(5707,1,'2015-04-05 11:19:27','2015-04-05 16:19:27','<section class=\"pdf-links\">\r\n<div class=\"one-third first\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/STEPS-TO-TAKE-WHEN-FACED-WITH-STRESSFUL-FOREX-SITUATIONS.pdf\">STEPS TO TAKE WHEN FACED WITH STRESSFUL FOREX SITUATIONS</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf\">SEVERAL WAYS TO OVERCOME TRADING BURNOUT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/HOW-YOUR-PHYSICAL-WELL-BEING-AFFECTS-YOUR-FX-TRADING.pdf\">HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FX TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/5-OF-THE-WORST-EXCUSES-TO-NOT-START-TRADING.pdf\">5 OF THE WORST EXCUSES TO NOT START TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/MY-APPROACH-ON-POSITION-SIZING.pdf\">MY APPROACH ON POSITION SIZING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/8-QUICK-REMINDERS-BEFORE-MAKING-YOUR-2015-TRADING-GOALS.pdf\">8 QUICK REMINDERS BEFORE MAKING YOUR 2015 TRADING GOALS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/IDEAS-THAT-MAYBE-YOU-SHOULD-ADD-TO-YOUR-FOREX-TRADING-RESOLUTIONS.pdf\">IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/POSITION-SIZING...TIPS-ON-HOW-TO-AVOID-RISKING-TOO-MUCH.pdf\">POSITION SIZING...TIPS ON HOW TO AVOID RISKING TOO MUCH</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/HOW-TO-PLAN-YOUR-FOREX-TRADE-EXITS.pdf\">HOW TO PLAN YOUR FOREX TRADE EXITS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/THE-5-MOST-COMMON-MISTAKES-NEWBIE-TRADERS-MAKE.pdf\">THE 5 MOST COMMON MISTAKES NEWBIE TRADERS MAKE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-CRITICAL-SUCCESS-FACTORS-YOU-NEED-TO-BECOME-A-SUCCESSFUL-TRADER.pdf\">THE CRITICAL SUCCESS FACTORS YOU NEED TO BECOME A SUCCESSFUL TRADER</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/FOUR-PSYCHOLOGICAL-PITFALLS-THAT-WILL-BLOW-YOUR-ACCOUNT.pdf\">FOUR PSYCHOLOGICAL PITFALLS THAT WILL BLOW YOUR ACCOUNT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-MOST-OVERLOOKED-RISKS-IN-TRADING-AND-HOW-TO-ADDRESS-THEM.pdf\">THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2015-04-05 11:19:27','2015-04-05 16:19:27','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(5708,1,'2015-04-05 11:39:55','2015-04-05 16:39:55','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 05.04.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #147\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\r\n\r\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\r\nIt was the weakest number in 15 months.\r\nUnemployment Rate held at 5.5%.\r\n\r\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\r\n\r\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\r\n\r\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\r\n\r\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\r\n\r\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\r\n\r\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\r\n\r\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GREECE:</span>\r\n\r\nI am writing about the on-going saga later so I will reserve my comments until then.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\r\n\r\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\r\n\r\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\r\n\r\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\r\n\r\nTraders of the CAD, NOK and MXN take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\r\n\r\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\r\n\r\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):</span>\r\n\r\n&nbsp;\r\n\r\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\r\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\r\n\r\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\r\n\r\nAs I understand it, the Greek government has to make the following payments: -\r\n\r\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\r\nAPRIL 14<sup>th-</sup> Government salaries.\r\nMAY 1<sup>st</sup> - €200 million.<sup>\r\n</sup>MAY 12th - €763 million.\r\n\r\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\r\n\r\nWe are down to the wire.\r\n\r\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\r\n\r\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\r\n\r\nAre the printing presses running printing drachma once again?\r\n\r\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\r\n\r\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\r\n\r\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\r\n\r\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\r\n\r\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\r\n\r\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\r\n\r\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\r\n\r\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\r\n\r\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\r\n<ol>\r\n	<li>Capital controls in Greece.</li>\r\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\r\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\r\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\r\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\r\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\r\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\r\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\r\n	<li>We have a contagion effect.</li>\r\n</ol>\r\nThe one thing that you can guarantee is that any EUROZONE “madness”\r\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\r\n\r\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\r\n\r\nThe decision this week is very simple but the risks are high…..\r\n\r\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\r\n<strong> PROFIT from 212 trades = $300.60</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\r\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\r\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE – PIP MEASUREMENT 2014 versus 2015 COMPARISONS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\"><img class=\"aligncenter size-full wp-image-5672\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\" alt=\"PREM SERV PROFITS 2 05042015\" width=\"470\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION - TRADING ESSENTIALS:\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – LAST WEEKS TRADING REVIEW:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT... UPCOMING POTENTIAL TRADES ?</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS (INCLUDING THE WEEKLY CHART REVIEWS TO MEASURE DIRECTION &amp; MOMENTUM MOVES)</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE WEEK AHEAD: -\r\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: CAD – IVEY PMi.\r\nMONDAY: AUD – Retail Sales.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Services PMi.\r\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate Decision.\r\nTHURSDAY: CNY - CPI.\r\n\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI think this week may be a very difficult choppy week to trade.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"> <strong>Consistency = longevity in trading and that is a critical goal.</strong></p>\r\n<p style=\"text-align: center;\"><strong> IT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\nTake care\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 5th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','publish','open','closed','','does-merkel-have-the-balls-to-risk-a-contagion','','','2015-04-06 08:26:40','2015-04-06 13:26:40','',0,'https://weeklyfxdrivethru.com/?p=5708',0,'post','',2),(5709,1,'2015-04-05 11:39:40','2015-04-05 16:39:40','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 05.04.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #147\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\r\n\r\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\r\nIt was the weakest number in 15 months.\r\nUnemployment Rate held at 5.5%.\r\n\r\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\r\n\r\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\r\n\r\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\r\n\r\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\r\n\r\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\r\n\r\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\r\n\r\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GREECE:</span>\r\n\r\nI am writing about the on-going saga later so I will reserve my comments until then.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\r\n\r\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\r\n\r\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\r\n\r\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\r\n\r\nTraders of the CAD, NOK and MXN take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\r\n\r\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\r\n\r\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n\r\n</span>\r\n\r\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\r\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\r\n\r\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\r\n\r\nAs I understand it, the Greek government has to make the following payments: -\r\n\r\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\r\nAPRIL 14<sup>th-</sup> Government salaries.\r\nMAY 1<sup>st</sup> - €200 million.<sup>\r\n</sup>MAY 12th - €763 million.\r\n\r\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\r\n\r\nWe are down to the wire.\r\n\r\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\r\n\r\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\r\n\r\nAre the printing presses running printing drachma once again?\r\n\r\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\r\n\r\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\r\n\r\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\r\n\r\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\r\n\r\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\r\n\r\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\r\n\r\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\r\n\r\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\r\n\r\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\r\n<ol>\r\n	<li>Capital controls in Greece.</li>\r\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\r\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\r\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\r\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\r\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\r\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\r\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\r\n	<li>We have a contagion effect.</li>\r\n</ol>\r\nThe one thing that you can guarantee is that any EUROZONE “madness”\r\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\r\n\r\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\r\n\r\nThe decision this week is very simple but the risks are high…..\r\n\r\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:\r\n\r\n</span>\r\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\r\n<strong> PROFIT from 212 trades = $300.60</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\r\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\r\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE – PIP MEASUREMENT 2014 versus 2015 COMPARISONS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION - TRADING ESSENTIALS:\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – LAST WEEKS TRADING REVIEW:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT... UPCOMING POTENTIAL TRADES ?</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS (INCLUDING THE WEEKLY CHART REVIEWS TO MEASURE DIRECTION &amp; MOMENTUM MOVES)</span><strong><span style=\"text-decoration: underline;\">:\r\n\r\n</span></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE WEEK AHEAD: -\r\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: CAD – IVEY PMi.\r\nMONDAY: AUD – Retail Sales.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Services PMi.\r\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate Decision.\r\nTHURSDAY: CNY - CPI.\r\n\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI think this week may be a very difficult choppy week to trade.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"> <strong>Consistency = longevity in trading and that is a critical goal.</strong></p>\r\n<p style=\"text-align: center;\"><strong> IT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\nTake care\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 5th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','inherit','open','closed','','5708-revision-v1','','','2015-04-05 11:39:40','2015-04-05 16:39:40','',5708,'https://weeklyfxdrivethru.com/5708-revision-v1/',0,'revision','',0),(5710,1,'2015-04-05 11:39:55','2015-04-05 16:39:55','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 05.04.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #147\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\r\n\r\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\r\nIt was the weakest number in 15 months.\r\nUnemployment Rate held at 5.5%.\r\n\r\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\r\n\r\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\r\n\r\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\r\n\r\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\r\n\r\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\r\n\r\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\r\n\r\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GREECE:</span>\r\n\r\nI am writing about the on-going saga later so I will reserve my comments until then.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\r\n\r\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\r\n\r\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\r\n\r\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\r\n\r\nTraders of the CAD, NOK and MXN take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\r\n\r\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\r\n\r\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):</span>\r\n\r\n&nbsp;\r\n\r\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\r\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\r\n\r\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\r\n\r\nAs I understand it, the Greek government has to make the following payments: -\r\n\r\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\r\nAPRIL 14<sup>th-</sup> Government salaries.\r\nMAY 1<sup>st</sup> - €200 million.<sup>\r\n</sup>MAY 12th - €763 million.\r\n\r\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\r\n\r\nWe are down to the wire.\r\n\r\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\r\n\r\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\r\n\r\nAre the printing presses running printing drachma once again?\r\n\r\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\r\n\r\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\r\n\r\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\r\n\r\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\r\n\r\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\r\n\r\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\r\n\r\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\r\n\r\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\r\n\r\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\r\n<ol>\r\n	<li>Capital controls in Greece.</li>\r\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\r\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\r\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\r\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\r\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\r\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\r\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\r\n	<li>We have a contagion effect.</li>\r\n</ol>\r\nThe one thing that you can guarantee is that any EUROZONE “madness”\r\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\r\n\r\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\r\n\r\nThe decision this week is very simple but the risks are high…..\r\n\r\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\r\n<strong> PROFIT from 212 trades = $300.60</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\r\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\r\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE – PIP MEASUREMENT 2014 versus 2015 COMPARISONS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION - TRADING ESSENTIALS:\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – LAST WEEKS TRADING REVIEW:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT... UPCOMING POTENTIAL TRADES ?</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS (INCLUDING THE WEEKLY CHART REVIEWS TO MEASURE DIRECTION &amp; MOMENTUM MOVES)</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE WEEK AHEAD: -\r\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: CAD – IVEY PMi.\r\nMONDAY: AUD – Retail Sales.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Services PMi.\r\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate Decision.\r\nTHURSDAY: CNY - CPI.\r\n\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI think this week may be a very difficult choppy week to trade.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"> <strong>Consistency = longevity in trading and that is a critical goal.</strong></p>\r\n<p style=\"text-align: center;\"><strong> IT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\nTake care\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 5th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','inherit','open','closed','','5708-revision-v1','','','2015-04-05 11:39:55','2015-04-05 16:39:55','',5708,'https://weeklyfxdrivethru.com/5708-revision-v1/',0,'revision','',0),(5711,1,'2015-04-06 00:10:43','2015-04-06 05:10:43','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\n</strong><strong>The Home of Single-Lot Trading\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\n<strong>DATE: 05.04.2015\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #147\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\n\n&nbsp;\n<ol>\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\n</ol>\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\n\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\n\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\nIt was the weakest number in 15 months.\nUnemployment Rate held at 5.5%.\n\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\n\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\n\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\n\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\n\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\n\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\n\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">GREECE:</span>\n\nI am writing about the on-going saga later so I will reserve my comments until then.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\n\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\n\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\n\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\n\nTraders of the CAD, NOK and MXN take note.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\n\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\n\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\n\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):</span>\n\n&nbsp;\n\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\n\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\n\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\n\n&nbsp;\n\n&nbsp;\n\n&nbsp;\n<ol start=\"2\">\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\n</ol>\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\n\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\n\nAs I understand it, the Greek government has to make the following payments: -\n\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\nAPRIL 14<sup>th-</sup> Government salaries.\nMAY 1<sup>st</sup> - €200 million.<sup>\n</sup>MAY 12th - €763 million.\n\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\n\nWe are down to the wire.\n\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\n\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\n\nAre the printing presses running printing drachma once again?\n\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\n\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\n\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\n\n&nbsp;\n\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\n\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\n\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\n\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\n\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\n\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\n\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\n<ol>\n	<li>Capital controls in Greece.</li>\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\n	<li>We have a contagion effect.</li>\n</ol>\nThe one thing that you can guarantee is that any EUROZONE “madness”\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\n\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\n\nThe decision this week is very simple but the risks are high…..\n\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\n\n&nbsp;\n<ol start=\"3\">\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\n</span></strong></li>\n</ol>\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\n\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\n\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\n\n&nbsp;\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\n\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\n\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\n\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\n\n&nbsp;\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\n<strong> PROFIT from 212 trades = $300.60</strong></p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\n&nbsp;\n\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\n\n&nbsp;\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\n\n&nbsp;\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\n\n&nbsp;\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE – PIP MEASUREMENT 2014 versus 2015 COMPARISONS:</span>\n\n&nbsp;\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\n\n&nbsp;\n\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\n\n&nbsp;\n<ol start=\"4\">\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\n</ol>\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\n\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION - TRADING ESSENTIALS:\n</span>\n\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – LAST WEEKS TRADING REVIEW:</span>\n\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\n\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\n\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT... UPCOMING POTENTIAL TRADES ?</span>\n\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\n\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS (INCLUDING THE WEEKLY CHART REVIEWS TO MEASURE DIRECTION &amp; MOMENTUM MOVES)</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\n\n&nbsp;\n\n&nbsp;\n<ol start=\"5\">\n	<li><strong><span style=\"text-decoration: underline;\"> THE WEEK AHEAD: -\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\n</ol>\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\n\nSUNDAY: N/A.\n\nMONDAY: CAD – IVEY PMi.\nMONDAY: AUD – Retail Sales.\n\nTUESDAY: AUD – RBA Interest Rate Statement.\nTUESDAY: GBP – Services PMi.\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\n\nWEDNESDAY: USD – FOMC Meeting Minutes.\n\nTHURSDAY: GBP – BOE Interest Rate Decision.\nTHURSDAY: CNY - CPI.\n\nFRIDAY: CAD – Employment Change and Unemployment Rate.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\n\nI think this week may be a very difficult choppy week to trade.\n\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\n\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\n\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\n\nWe will have opportunities to make $$$, we just have to be alert and careful.\n\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\n<p style=\"text-align: center;\"> <strong>Consistency = longevity in trading and that is a critical goal.</strong></p>\n<p style=\"text-align: center;\"><strong> IT IS THE KEY MEASUREMENT</strong></p>\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\n\n&nbsp;\n<ol start=\"6\">\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\n</ol>\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\n\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\n\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\n\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\n\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\n\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\n\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\n\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\n\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\n\n&nbsp;\n\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\n\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\n\n&nbsp;\n\nTake care\n\nScott Pickering\nThe Pip Accumulator\nSunday April 5th 2015\n\nEMAIL / FOLLOW ME AT:\ndrivethru@weeklyfxdrivethru.com\nTwitter: @pipaccumulator\nGoogle+/scottpickering\nTumblr: thepipaccumulator\n\n&nbsp;','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','inherit','open','closed','','5708-autosave-v1','','','2015-04-06 00:10:43','2015-04-06 05:10:43','',5708,'https://weeklyfxdrivethru.com/5708-autosave-v1/',0,'revision','',0),(5712,1,'2015-04-06 08:26:40','2015-04-06 13:26:40','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 05.04.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #147\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:\r\nLOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">NON-FARM PAYROLLS:</span>\r\n\r\n126,000 was last Friday’s (Good Friday) growth in Non-Farm Payrolls (NFP).\r\nIt was the weakest number in 15 months.\r\nUnemployment Rate held at 5.5%.\r\n\r\nIt does appear that U.S. jobs data maybe starting to play catch up with some recent economic data indicators.\r\n\r\nOne month’s data however disappointing does not indicate a pattern, it may raise a few questions but despite all the quotes and reports and commentary that we are going to hear and read about over the next few days, I think that it is 100% certain that the FED under Janet Yellen (so to speak) take a much larger time horizon that one month when establishing FED monetary policy. The data will be noted however.\r\n\r\nMy own view is that it is consumer spending which is more of a concern. Consumer spending = growth. There is bugger all consumer spending of a consistent nature pretty well worldwide. This is where the attentions of central banks should be more focused as far as I am concerned.\r\n\r\nHowever, with DEFLATION still a serious risk in many western economies, one must remember that central banks have no weapon to beat DEFLATION. It is simply an economic factor that central banks with all their history on monetary policies etc. cannot defeat and history proves this fact.\r\n\r\nIn any event, any FED SPEAK coming up in the next 10-14 days should not, in my opinion, swerve away from the highly publicized party line on policy.\r\n\r\nFrom a Forex perspective the weaker data has possibly given us as traders an opportunity to buy USD at better prices given that we were brushing close to some key support and resistance levels. Better buying and selling prices look to be in play.\r\n\r\nA word of caution though, we had the job numbers released on a day when virtually no one was at work. We still have holidays around the world through Easter until the open on Monday evening in Asia. We will therefore not have a 100% market until then. The U.S. is back tomorrow (Monday) but Easter Monday is a holiday in most of the world. Bear this in mind when establishing positions. My fear is that until Tuesday (EDT) we will still be liable to squeezes and false moves both higher and lower, which will trap retail traders.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GREECE:</span>\r\n\r\nI am writing about the on-going saga later so I will reserve my comments until then.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">OIL – YEMEN – IRAN:</span>\r\n\r\nIt’s all about commodities and we are certainly seeing how much the OIL price is integral to world economics.\r\n\r\nThe Saudi’s military operation in Yemen would appear to growing with more Arab nations becoming part of an Arab coalition force. By all accounts this will not be a smash and grab mission.\r\n\r\nThe nuclear deal stuck with Iran, potentially has the effect to flood the OIL market with another million barrels of OIL. This will not be instant, it will be a gradual increase but overall one has to think that more OIL into a market that is already over supplied will only add more downside pressure on OIL prices.\r\n\r\nTraders of the CAD, NOK and MXN take note.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nThe RBA is my major interest for this coming week. There are lots of rumours out there that the RBA will cut again this week. The recent fall in Iron Ore prices has placed pressure on the Australian economy.\r\n\r\nWe also have the release of the FOMC meeting minutes on Wednesday. Given how, the market treated Janet Yellen’s press conference and the FOMC statement from meetings where these minutes originated, these should be seen as dovish once again. Nothing has fundamentally changed, but the market being as perverse as it is, will look for something that simply isn’t there. It is very frustrating as a trader but it is what it is. As I have said, nothing has changed and these minutes pre date all the recent data releases on the U.S. economy. I really do not know what to expect.\r\n\r\nWe have a lot of geopolitical news hanging around; GREECE, YEMEN, UK ELECTIONS to name but three areas that immediately come to mind. Bearing these in mind, it will not be an easy week to trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):</span>\r\n\r\n&nbsp;\r\n\r\nI still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nI am hoping that USD weakness has given us the opportunity to trade from better entry levels moving forward. Central Bank divergence is still the order of the day and the FED will be raising rates this year. Despite all the comment, no one knows when; it is all speculation. The FED has to raise rates because they said they would and a back down would severely jeopardize future FED policy statements. Whether it is the right or wrong decision to raise rates who gives a feck. No one knows when the rate hike will come, but common sense says later than sooner this year given the fact it allows for U.S. economic data to turn around a little.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky conditions, so I am obviously delighted. Like most traders, the PREMIUM SERVICE performance is different than last year. More trades and less income per trade, as trades are not kept “LIVE” as long. This is indicative of the “chop fest” market we find ourselves working within. I like thousands of retail traders out there want a break from the “chop fest”, I just cant see it for now unfortunately, sorry to disappoint.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?</strong></p>\r\nHere it is at last, the alleged crunch week in the history of GREECE versus the EUROGROUP.\r\n\r\nI have read and listened to so much recently about the Greek situation of late, that, I must admit that I feel a little punch drunk.\r\n\r\nAs I understand it, the Greek government has to make the following payments: -\r\n\r\nAPRIL 9<sup>th </sup>- €458 million to the IMF.\r\nAPRIL 14<sup>th-</sup> Government salaries.\r\nMAY 1<sup>st</sup> - €200 million.<sup>\r\n</sup>MAY 12th - €763 million.\r\n\r\nEven if the Greek government borrow money, they only see additional inflows this year of €6 billion from a clampdown on tax evasion and the like. I remember reading a while back that an un-named Greek government source stated that no matter what Athens needed a further €19-20 billion just to stand still.\r\n\r\nWe are down to the wire.\r\n\r\nThe numbers just do not stand up and this may be the week that sends the financial markets into a tailspin.\r\n\r\nYou read so much about how small Greece is with regards to the overall EUROZONE picture. Make no mistake a Greece default will be big news. I cannot imagine that any government wants to be in charge presiding over a default, but I feel that the Syriza party may be one of the few that does.\r\n\r\nAre the printing presses running printing drachma once again?\r\n\r\nWho knows, if they are, it is very closely guarded and very well kept secret. Look for clues like capital controls. If they are introduced, I fear we are down a road of no return.\r\n\r\nI wrote last week about TRUST between GREECE and the EUROGROUP. There is no trust on either side and to a large extent if the TRIOKA bump up the cash to GREECE we are only kicking another can down the road.\r\n\r\nThe consensus of opinion looking at numerous reports is that Greek debt is around €323 billion, broken down as follows: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\"><img class=\"aligncenter size-full wp-image-5678\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GREEK-DEBT-BREAKDOWN-05042015.png\" alt=\"GREEK DEBT BREAKDOWN 05042015\" width=\"289\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\nI have written before that GREECE needs debt relief and even though this means that other countries inside the EUROZONE that have received bailouts before should also be reimbursed, if Germany wants a EUROPEAN UNION through thick and thin it needs to dig deep and do the right thing.\r\n\r\nThe Germans forcing austerity down the throat of an economy that simply wasn\'t ready or able to cope with austerity is partly to blame for the present situation that Greece finds itself in. My thoughts here though, are that it would be potentially political suicide for Angela Merkel, if she bails Greece out. Merkel is caught between a rock and a hard place. She is damned if she does and damned if she doesn\'t. The whole of the EUROZONE will suffer if she doesn’t bail Greece out, as the debt that Greece owns is well spread throughout the EUROZONE. At the same time if she decides to let Greece default the ramifications for the EUROZONE could be more drastic.\r\n\r\nAs a master politician, Angela Merkel has presided over many a can kicking, and avoided tough decisions one after another for the past 7-8 years, but for her, the line in the sand is fast approaching.\r\n\r\nDoes she have balls? Will she stand up to have - No more “can kicking”, and give full-on debt forgiveness to keep the union alive.\r\n\r\nIt all depends whether she can sell debt relief as the best of the two options available for the good of the EUROZONE.\r\n\r\nCan you hear the printing presses? If I were Tsipras, I would have had the presses running for sometime. You cannot count on the Germans to do the right thing.\r\n\r\nLets look at some possible outcomes that could be with us very, very quickly if the EUROGROUP stall or a Greek default occurs and a Grexit is announced: -\r\n<ol>\r\n	<li>Capital controls in Greece.</li>\r\n	<li>A potential run on the banks probably across parts of Europe, in particular the periphery.</li>\r\n	<li>Possible Capital Controls in periphery banks as rumours of more potential exits of the EUROZONE hit the newswires.</li>\r\n	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>\r\n	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>\r\n	<li>ECB bank guarantees throughout the EUROZONE.</li>\r\n	<li>Huge uncertainty in GREECE as the Greek people protest, riots in Athens.</li>\r\n	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn\'t trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>\r\n	<li>We have a contagion effect.</li>\r\n</ol>\r\nThe one thing that you can guarantee is that any EUROZONE “madness”\r\nhowever it manifests itself, will be blamed on the Greeks as all that EUROZONE politicians are effective at is appointing blame, they are certainly not problem solvers.\r\n\r\nIf there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB\r\n\r\nThe decision this week is very simple but the risks are high…..\r\n\r\nThe EUROGROUP has to decide; “<span style=\"text-decoration: underline;\">a UNION or not a UNION”</span>.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 212 trades cost to trade = $21.20</strong>\r\n<strong> PROFIT from 212 trades = $300.60</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 212 trades cost to trade = $212.00</strong>\r\n<strong> PROFIT from 212 trades = $3,006.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 212 trades cost to trade = $2,112.00</strong>\r\n<strong> PROFIT from 212 trades = $30,060.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\"><img class=\"aligncenter size-full wp-image-5667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIOS-05042015.png\" alt=\"PROFIT-LOSS RATIOS 05042015\" width=\"410\" height=\"583\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\"><img class=\"aligncenter size-full wp-image-5669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-05042015.png\" alt=\"RISK-REWARD 05042015\" width=\"431\" height=\"543\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 – PREMIUM SERVICE – PIP MEASUREMENT 2014 versus 2015 COMPARISONS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\"><img class=\"aligncenter size-full wp-image-5670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PIP-COMPARISON-MCH-YTD-2015.png\" alt=\"PIP COMPARISON MCH-YTD 2015\" width=\"617\" height=\"532\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.5 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\"><img class=\"aligncenter size-full wp-image-5671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-05042015.png\" alt=\"PREM SERV PROFITS 1 05042015\" width=\"459\" height=\"441\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\"><img class=\"aligncenter size-full wp-image-5672\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-05042015.png\" alt=\"PREM SERV PROFITS 2 05042015\" width=\"470\" height=\"423\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION - TRADING ESSENTIALS:\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – LAST WEEKS TRADING REVIEW:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT... UPCOMING POTENTIAL TRADES ?</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS (INCLUDING THE WEEKLY CHART REVIEWS TO MEASURE DIRECTION &amp; MOMENTUM MOVES)</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE WEEK AHEAD: -\r\nWHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: CAD – IVEY PMi.\r\nMONDAY: AUD – Retail Sales.\r\n\r\nTUESDAY: AUD – RBA Interest Rate Statement.\r\nTUESDAY: GBP – Services PMi.\r\nTUESDAY: BOJ- Monetary Policy Statement and Press Conference.\r\n\r\nWEDNESDAY: USD – FOMC Meeting Minutes.\r\n\r\nTHURSDAY: GBP – BOE Interest Rate Decision.\r\nTHURSDAY: CNY - CPI.\r\n\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI think this week may be a very difficult choppy week to trade.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day at times.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nBe careful this week, the AUD may be the trade to focus on with a rate cut expected from the RBA. However, please do not trade assuming this fact, nothing in Forex is certain. The Forex market is expert in buying the rumour selling the news.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"> <strong>Consistency = longevity in trading and that is a critical goal.</strong></p>\r\n<p style=\"text-align: center;\"><strong> IT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n<ol start=\"6\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> DISCLAIMERS &amp; OTHER DATA:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 - THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.3 - TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;\r\n\r\nTake care\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 5th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;','DOES MERKEL HAVE THE BALLS TO RISK A CONTAGION?','','inherit','open','closed','','5708-revision-v1','','','2015-04-06 08:26:40','2015-04-06 13:26:40','',5708,'https://weeklyfxdrivethru.com/5708-revision-v1/',0,'revision','',0),(5750,1,'2015-04-11 11:48:52','2015-04-11 16:48:52','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 12.04.2015\r\nREFERENCE: #55\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION - MY OVERVIEW OF THE FOREX MARKET:</strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</span>\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">RBA – RATE STATEMENT:</span>\r\n\r\nSurprise decision or not the RBA left interest rates unchanged last week. These buggers at the RBA are really reaping havoc on my shorter to medium term views of my TRADING PLAN. This is creating additional trading stress that I do not want or like to have.\r\n\r\nMy longer-term view is that the AUD/USD is going sub 0.7000. There are times when the market has me so frustrated that I feel like just opening an additional broker account to set-up a number of entries, place them LIVE, and then, take a look once a month at where I stand, and, add to positions and move stops on a monthly basis. These would be true FUNDAMENTAL longer-term trades, an account free from the noise and chop fest that we appear to be suffering all the time now. There’s a thought, and maybe something I should have done at the beginning of 2015.\r\n\r\nI digress, market makers had to reset their short to medium term outlook on the AUD overall and it was only through relentless USD buying on Thursday through Friday last week that AUD/USD started to fall again after a number of up days following the Rate announcement. In my opinion the jury is out on the short-term moves with the AUD, however, having just said that, bigger moves will take place from which the AUD will just follow like a good little puppy.\r\n\r\n<span style=\"text-decoration: underline;\">FOMC MEETING MINUTES:</span>\r\n\r\nCan someone please tell me why minutes that emanated from a Rate Statement, Financial Projections and a 90-minute Press Conference by the FED chair Janet Yellen, that were seen clearly as DOVISH, turn out a couple of weeks later to read as HAWKISH?\r\n\r\nThis is why a lot of new traders get switched off from the Forex Market. It is what it is, a fecked up collection of market makers, with the attention span and memory of a gnat. These people couldn’t organize a piss-up in a brewery. At times this is just total bollo**s.\r\n\r\nI tweeted PREMIUM SERVICE subscribers not to get suckered one way or the other and to expect a collection of knee-jerk reactions to the release of the minutes, and, basically that was what happened after the USD bulls finally got their way.\r\n\r\nThe crazy thing from my perspective is FED policy is NOT something that changes like the direction of the wind. It is similar to Moses returning from the mountain with the 10 commandments in tablets of stone. They will raise rates…. period. They have to because of credibility. If they feck up and have to reduce again so be it. All this fuss about timing is now so drawn out with speculation and it has created so much uncertainty it is now just boring to watch CNBC / BLOOMBERG anymore.\r\n\r\nIn any event a rate hike is coming. It could still come in June. DO NOT rule out anything if we get two months of good data the FED may say “feck it, what the hell lets do it now and if we have to chop it back to boost the fall / Christmas market so be it”.\r\n\r\n<span style=\"text-decoration: underline;\">GEOPOLITICAL EVENTS:</span>\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\"> GREECE:</span></li>\r\n</ol>\r\nSo the Tsipras regime paid the IMF. I did not see that coming, but, there are much bigger amounts due in the next 30 days as I wrote about last week, so this story is far from over.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\"> OIL – YEMEN – IRAN:</span></li>\r\n</ol>\r\nThis is just getting messier by the day. I cannot see an end game here in the short-term.\r\n<ol start=\"3\">\r\n	<li><span style=\"text-decoration: underline;\"> OVERVIEW:</span></li>\r\n</ol>\r\nBeing a FUNDAMENTAL trader first then technical, the tensions around the EUROZONE and MIDDLE-EAST are playing havoc with my longer-term thoughts. I am finding it very hard to be anything other than a 30-minute trader at present. There is so much that could just implode and screw up day-swing trade potential set-ups, I am starting to view pullbacks as potential reversal patterns.\r\n\r\nI am receiving lots of comments from subscribers about basically a “GBAB ‘N GO” approach to Forex trading. Whilst I am not, or do not consider myself this type of trader, I certainly wasn’t in 2014…am I getting this way in 2015?\r\n\r\nBeing totally honest the number of scalping 15-25 pip trades have increased dramatically year over year.\r\n\r\nNo matter what, the geopolitical events around the world have to be taken into consideration if you are seriously looking to trade beyond a day trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</span><span style=\"text-decoration: underline;\">(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to </span><a href=\"http://www.forexfasctory.com\">www.forexfasctory.com</a><span style=\"text-decoration: underline;\"> and </span><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><span style=\"text-decoration: underline;\"> for more comprehensive lists of all news events that are Forex related).</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: N/A.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – Core Retail Sales, PPi &amp; Retail Sales Data..\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: EUR – ECB Press Conference.\r\nWEDNESDAY: CAD – BOC Rate Statement and Press Conference.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: AUD – Employment Data\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD – CPi and Core CPi Data.\r\nFRIDAY: USD – CPi and Core CPi Data.\r\n\r\n<span style=\"text-decoration: underline;\">MY THOUGHTS:</span>\r\n\r\nIt is a big week for news. There is a nice spread of items that have my attention.\r\n\r\nHaving had withdrawal symptoms from the ECB shifting away from monthly Press Conferences it will be great to see “old shifty” back in the hot seat. I will be looking forward to his comments related to GREECE. It should be pretty comfortable with the EUR/USD exchange rate how it sits at the moment, so maybe a low-key event is on the horizon…yeah right!\r\n\r\nThe Retail Sales and CPi data from the U.S. and Canada will be eagerly awaited, as this will direct central bank policy.\r\n\r\nAussie employment should be interesting with the mix between full and part-time ratios and the dairy prices usually have an impact on the Kiwi.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">CHINA and HONG KONG BROKERAGES:</span>\r\n\r\nThis made the headlines recently but I omitted to mention this in my blog. It will be rectified now.\r\n\r\nRegulations between access to the HONK KONG market and CHINA have changed about being able to trade these markets based on location. Also the numbers of new broker accounts being opened in China is staggering. Over one million new accounts each week. I could not obtain confirmation on the number of FX versus EQUITIES accounts but would say the overwhelming number would be equity accounts.\r\n\r\nThis will be behind the rallies in Shanghai and Hong Kong, because all retail buyers do is buy. We have a new Chinese army of stock buyers without knowledge, training or experience on a buying spree of stocks. Freaky and scary… bear this in mind.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">FOREX MARKET CONDITIONS:</span>\r\n\r\nSubscribers to the PREMIUM SERVICE will know that about 1.00-2.00AM (EDT) on Friday morning last week I aggressively placed protective stops across the LIVE trades at that time basically covering all trades. Looking at the Forex market at that time I noted the following: -\r\n<ul>\r\n	<li>GOLD – strong</li>\r\n	<li>USD (DXY) – strong</li>\r\n	<li>S&amp;P Futures – up</li>\r\n	<li>JPY – strong</li>\r\n	<li>European futures – very strong</li>\r\n	<li>U.S. 10-year bonds - strong</li>\r\n</ul>\r\nIn my opinion at that time something had to give, as it just did not read right. I was simply not prepared to go back to sleep and have a potential European squeeze take place and have me awaken to negative positions across the board on a Friday that would potentially be extremely difficult to exit. I would have either had to have taken losses or sit through the weekend, with the backdrop of geopolitical events hanging over me. No thanks. I banked $$$ and had a good night’s sleep.\r\n\r\nMy purpose for writing this is that as traders, we are all faced with these dilemmas; some traders will just blow their accounts, refill them and start again. Been there, done that,got the T-shirt, made the video…never again.\r\n\r\nIt is never a bad thing to bank $$$. To try and be a clever fecker sitting in trades with the risk of giving $$$ back to your broker does not make sense to me, in particular with today’s markets.\r\n\r\nAs most of you know, I took a big hit on the GBP/CHF on the SNB Peg removal day. I am now never, to the very best of my abilities giving too much back to the brokers again…ever.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">FOREX LIQUIDITY:</span>\r\n\r\nI read in the Financial Times last week that the Forex Market, which is now a USD$5.3 trillion a day on average marketplace, has a problem (Over the past few weeks I have been moaning about too many squeezes and weird market trading conditions).\r\n\r\nIt appears the mechanics of the market have been drawn into question. Is there a decline, or cyclical decline in Forex trading? I would say that it was noted recently that some of the banks who traded Forex were cutting back after taking some heavy losses.\r\n\r\nWithout doubt greater regulation in the banking industry is weeding out the “under the counter cheating” that took place and is becoming very quickly a trait of the past. I know for a fact that thousands of retail traders left after the SNB. Over leveraged accounts were wiped out.\r\n\r\nWithout doubt we see much larger volatile moves and if you are caught the wrong way it can be very painful.\r\n\r\nTo cover this volatility many of the banks have widened the spreads offered to their supporting brokers. This has resulted in many retail traders closing their accounts and no longer trading FOREX. Without doubt if banks lose money they will protect themselves and they will have a lower risk appetite. I think I wrote that in February this year daily volumes compared with January were lower by 16%. This is a significant number.\r\n\r\nAs if we do not have enough to consider, we now have a permanent liquidity fear if one of the major FX banks is absent from the market for a few moments…. just brilliant… just great.\r\n\r\nForex trading is an evolving market and is going through changes. All we can do is get the head down, look for high probability trades, set the best stops we can based on our RISK TOLERANCES and trade.\r\n\r\nLike so many of you, I still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky / changing conditions, so I am obviously delighted. It is much harder than last year but we still move forwards despite all that is thrown in our direction.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>WHERE NEXT FOR THE DXY?\r\n</strong>(DXY the USD Index closed last Friday at 99.33)</p>\r\nWhat a difference interpretation makes on basically the same information.\r\n\r\nAt the March FOMC meeting, and with a subsequent statement, supporting charts and graphs plus FED Chair Yellen’s 90-minute press conference, the market viewed all things USD as DOVISH.\r\n\r\nA few weeks later the minutes of the two-day FOMC meeting are released and they are viewed as HAWKISH.\r\n\r\nWhat has changed?\r\n\r\nBugger all as far as I can see. The FED monetary policy has been pretty consistent, I know we are not helped with the fact that many local state FED governors keep mouthing off their own opinions to confuse the crap out of Wall Street and the Chicago pits. Guess what…? They are just brilliant at doing that. It may not be in a FED governor’s job specification to confuse the crap out of the market but they know they do it and they persist. It’s just a game, and a game with very high stakes all the same.\r\n\r\nThe markets appear to not be able to read what is actually written and place that in the brain for future reference.\r\n\r\nPart of this game is that Wall Street expects Janet Yellen to say on June 21<sup>st</sup> at 10.00AM interest rates will be increased by 0.25%. This is just the same as CNN trying to gain knowledge of U.S. troop tactics in a war zone, air them on TV and then wonder why so many U.S. soldiers die in combat, then they blame the government.\r\n\r\nAll we have right now as far as I can see is speculation over the date / timing of the FED rate hike. I believe the market now accepts what the FOMC have been stating for a few meetings now that there will be a rate hike in 2015. At least that is a step forward. So it’s just a case of, is it before the summer in June or after the summer in September.\r\n\r\nCNBC and BLOOMBERG are now in overdrive about a strong USD and the date of the rate hike.\r\n\r\nBetween now and the eventual rate hike what about the USD (DXY), where will it go?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015.png\"><img class=\"aligncenter size-large wp-image-5716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015-1024x448.png\" alt=\"USD (DXY) 12042015\" width=\"1024\" height=\"448\" /></a>\r\n\r\n&nbsp;\r\n\r\nFrom the chart above you can see that I am merely looking at the recent pattern of bull flag formations and continuing them forwards. The last measured move targets between 102.00 and 103.00. It will be very, very ambitious if we get to these levels but never rule anything out.\r\n\r\nFrom a Forex Trading perspective where for example does a DXY reading of 102.00 bring us in relation to the USD majors?\r\n\r\nThis is not an exact science but a move of about 220 in the DXY could have the following effect assuming all pairs tow the line…\r\n<ul>\r\n	<li>EUR/USD      1.0200 – 1.0300</li>\r\n	<li>GBP/USD      1.4100 – 1.4200</li>\r\n	<li>AUD/USD      0.7000 – 0.7100</li>\r\n	<li>NZD/USD      0.6800 – 0.7000</li>\r\n	<li>USD/CAD      1.3000 – 1.3200</li>\r\n	<li>USD/CHF      1.0200 – 1.0300</li>\r\n</ul>\r\nThese are big moves, but they are potentially what could happen if the DXY breaks higher to 102.00. Beyond 102.00 to 103.00 we would see the EUR/USD at parity or below.\r\n\r\nMaybe some of the recent calls on sub-parity for the EUR/USD are not so far off the mark?\r\n\r\nTime will tell. The other side of this article though is what happens once we reach 102.00 or 103.00? Do we consolidate or fall back to re-test 100.00? That is another article.\r\n\r\nJust bear in mind what could happen should the DXY break out above 100.00 in style!!\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:\r\n</span>\r\n<p style=\"text-align: center;\"><strong>EMANATING FROM TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 226 trades cost to trade = $22.60</strong>\r\n<strong> PROFIT from 226 trades = $324.90</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 226 trades cost to trade = $226.00</strong>\r\n<strong> PROFIT from 226 trades = $3,249.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 226 trades cost to trade = $2,226.00</strong>\r\n<strong> PROFIT from 226 trades = $32,490.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\"><img class=\"aligncenter size-full wp-image-5718\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\" alt=\"PROFIT-LOSS RATIO 12042015\" width=\"410\" height=\"581\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\"><img class=\"aligncenter size-full wp-image-5717\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\" alt=\"RISK-REWARD 12042015\" width=\"427\" height=\"539\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\"><img class=\"aligncenter size-full wp-image-5719\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\" alt=\"PREM SERV PROFITS 1 12042015\" width=\"461\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\"><img class=\"aligncenter size-full wp-image-5720\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\" alt=\"REM SERV PROFITS 2 12042015\" width=\"465\" height=\"426\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nI APOLOGISE… THERE IS NO EDUCATION ARTICLE THIS WEEK\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\nIt was once again a sticky week in the Forex market.\r\n\r\nI did not want to get too long or too short as we were so range bound and were really operating in a bit of a chop fest.\r\n\r\nI missed the opportunity to get into a couple of core trades at the best levels and I let them get away from me resorting to basic intra-day trading. Whilst I should not complain, as $$$ were being banked with my brokers, there was still a feeling of missing one or two key moments, namely the USD/CHF long from its base around 0.9400 and the EUR/JPY from it’s 131.00 level.\r\n\r\nHaving written the above we added about 250 pips during the past week and it is always better to be increasing the pip tally rather than it decreasing. I believe I am at ‘Orange Alert” when it comes to caution in trading at the moment. Having said that I only have three stages, Yellow, Orange then Red. I am so conscious that the Forex related RISKS in trading have never been higher. It is a very awkward and frustrating market most of the time; just the odd trading session gives you a reasonable confidence to directional trade.\r\n\r\nI am long the USD/CAD from almost its most recent base and so I am hoping to take this trade back towards its recent highs if possible. A lot depends on the DXY and how much the buying demand is for the USD as to how far the USD will go. In addition with all things CAD, one must consider OIL. Given that there is an OIL glut, I feel that the FUNDAMENTALS are on my side.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIVE-PS-TRADES-12042015.png\"><img class=\"aligncenter size-full wp-image-5727\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIVE-PS-TRADES-12042015.png\" alt=\"LIVE PS TRADES 12042015\" width=\"723\" height=\"506\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-12042015.png\"><img class=\"aligncenter size-full wp-image-5726\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-12042015.png\" alt=\"LIMIT ORDERS 12042015\" width=\"713\" height=\"402\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nRemember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data.\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\n<span style=\"text-decoration: underline;\">THIS WEEKS OVERVIEW:</span>\r\n\r\nThere are quite a few charts this week. My comments are on the charts for reference purposes. This week there are USD majors on smaller minute charts included in this section. There are quite a few trades I want to look at in the coming days.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5749\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-12042015-1024x517.png\" alt=\"AUDJPY MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5748\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-240M-12042015-1024x517.png\" alt=\"AUDNZD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5747\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-240M-12042015-1024x517.png\" alt=\"AUDUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURAUD-WEEKLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURAUD-WEEKLY-12042015-1024x517.png\" alt=\"EURAUD WEEKLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCAD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCAD-MONTHLY-12042015-1024x517.png\" alt=\"EURCAD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCHF-360M-12042015.png\"><img class=\"aligncenter size-large wp-image-5744\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCHF-360M-12042015-1024x517.png\" alt=\"EURCHF 360M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURNZD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5743\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURNZD-MONTHLY-12042015-1024x517.png\" alt=\"EURNZD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5742\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-240M-12042015-1024x517.png\" alt=\"EURUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5741\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-MONTHLY-12042015-1024x517.png\" alt=\"GBPAUD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5740\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-MONTHLY-12042015-1024x517.png\" alt=\"GBPCAD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPNZD-WEEKLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5739\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPNZD-WEEKLY-12042015-1024x517.png\" alt=\"GBPNZD WEEKLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5738\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-240M-12042015-1024x517.png\" alt=\"GBPUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5737\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-240M-12042015-1024x517.png\" alt=\"NZDUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-DAILY-12042015.png\"><img class=\"aligncenter size-large wp-image-5736\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-DAILY-12042015-1024x517.png\" alt=\"USDCHF DAILY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-12042015.png\"><img class=\"aligncenter size-full wp-image-5728\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-12042015.png\" alt=\"TRENDING PAIRS 12042015\" width=\"405\" height=\"533\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n</span></strong>(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n<strong>EUR/USD: Closing Price 1.0597.</strong>\r\n\r\nThe kiss of death comment was made last week when I referred to three up-trending weeks. Well, that has certainly come to an end this week.\r\n\r\nI wish that I had got short at 1.1030 early last week. My LIMIT ORDER entry had been placed at 1.1050. What a weekly move! It moved about 400 pips lower in the week.\r\n\r\nTrend lows at 1.0470 look well in sight now and those calls made on the last move lower for parity and below do not look out of order, in particular, if my call on the DXY comes through.\r\n\r\nImmediate support is at 1.0570 then 1.0500 with resistance back at 1.0700-50.\r\n\r\n<strong> </strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5734\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-W-12042015-1024x517.png\" alt=\"EURUSD W 12042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4631</strong>.\r\n\r\nA very similar picture to the EUR/USD; a big weekly fall from the previous weeks level, overall about a 260 pip drop.\r\n\r\nThe General Election uncertainty in the UK is still having an effect; it must be given that Mark Carney spoke very recently about raising interest rates.\r\n\r\nWhen you look at the chart below, it looks very bearish. Support is at 1.4570 and 1.4740 should provide some resistance.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5733\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-W-12042015-1024x517.png\" alt=\"GBPUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.7663</strong>.\r\n\r\nThe weekly chart below shows that following the RBA not cutting interest rates we sit mid-range between 0.7820 and 0.7530.\r\n\r\nSupport as far as I am concerned is at 0.7620 and resistance is at 0.7740.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5735\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-W-12042015-1024x517.png\" alt=\"AUDUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7508</strong>.\r\n\r\nIt was another week with not much movement with the weekly closing numbers. This pair is stuck between a rock and a hard place. I think that if the RBA cuts next time around the RBNZ will have to act as this currency is in danger of becoming the carry trade. There simply aren’t enough NZD $ to meet huge demands and therefore it could reach 0.8000 and above in a flash.\r\n\r\nFor now however, resistance is at 0.7635-40 and support is at 0.7480.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5732\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-W-12042015-1024x517.png\" alt=\"NZDUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2559.</strong>\r\n\r\nOn the weekly chart below you can still see the range that this pair is contained inside. Support is at 1.2350 and resistance at 1.2835.\r\n\r\nImmediate support however is at 1.2575 and resistance at 1.2650 then 1.2700.\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5731\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-W-12042015-1024x517.png\" alt=\"USDCAD W 12042015\" width=\"1024\" height=\"517\" /></a> </strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9790</strong>.\r\n\r\nThis pair looks like it could be blasting back to parity and beyond again, especially if the EUR/USD keeps falling. As you can see on the chart below we have a really nice wedge pattern. The breakout point is at 0.9840 and it could be an explosive move higher.\r\n\r\nSupport is at 0.9750 and resistance at 0.9840.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-D-12042015.png\"><img class=\"aligncenter size-large wp-image-5730\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-D-12042015-1024x517.png\" alt=\"USDCHF D 12042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 120.10.</strong>\r\n\r\nNo change from last week. We are still in the same range.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5729\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-W-12042015-1024x517.png\" alt=\"USDJPY W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE CONCLUSION - MY FINAL THOUGHTS:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:</span>\r\n\r\nWe have a lot of geopolitical news hanging around and whilst this will not directly feature minute by minute this week, as traders we must not forget to be conscious of these events.\r\n\r\nWe will be constantly reminded about OIL, but maybe not so much about the middle-east tensions that can swing a market one way and then the other very quickly.\r\n\r\nGREECE will hold the attention of the EUROZONE, this story is by no means over yet, in fact, it has only just really started. I am tired of hearing that GREECE is so small it doesn’t matter, this is complete bulls**t, the financial ramifications of a GREXIT or DEFAULT will be far reaching. Just remember what happened with Dubai and Cyprus, both tiny places but as they were financial centres they caused problems. I am not saying that GREECE is a financial centre, but it is a EUROZONE union member with a lot of its finances integrated into other EUROZONE countries and the ECB. Of course it will have an effect.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day nowadays.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 12th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<span style=\"text-decoration: underline;\">TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any do','WHERE NEXT FOR THE DXY?','','publish','open','closed','','where-next-for-the-dxy','','','2015-04-11 11:48:52','2015-04-11 16:48:52','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=5750',0,'member_posts','',0),(5751,1,'2015-04-11 11:47:19','2015-04-11 16:47:19','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 12.04.2015\r\nREFERENCE: #55\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION - MY OVERVIEW OF THE FOREX MARKET:</strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</span>\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">RBA – RATE STATEMENT:</span>\r\n\r\nSurprise decision or not the RBA left interest rates unchanged last week. These buggers at the RBA are really reaping havoc on my shorter to medium term views of my TRADING PLAN. This is creating additional trading stress that I do not want or like to have.\r\n\r\nMy longer-term view is that the AUD/USD is going sub 0.7000. There are times when the market has me so frustrated that I feel like just opening an additional broker account to set-up a number of entries, place them LIVE, and then, take a look once a month at where I stand, and, add to positions and move stops on a monthly basis. These would be true FUNDAMENTAL longer-term trades, an account free from the noise and chop fest that we appear to be suffering all the time now. There’s a thought, and maybe something I should have done at the beginning of 2015.\r\n\r\nI digress, market makers had to reset their short to medium term outlook on the AUD overall and it was only through relentless USD buying on Thursday through Friday last week that AUD/USD started to fall again after a number of up days following the Rate announcement. In my opinion the jury is out on the short-term moves with the AUD, however, having just said that, bigger moves will take place from which the AUD will just follow like a good little puppy.\r\n\r\n<span style=\"text-decoration: underline;\">FOMC MEETING MINUTES:</span>\r\n\r\nCan someone please tell me why minutes that emanated from a Rate Statement, Financial Projections and a 90- minute Press Conference by the FED chair Janet Yellen, that were seen clearly as DOVISH, turn out a couple of weeks later to read as HAWKISH?\r\n\r\nThis is why a lot of new traders get switched off from the Forex Market. It is what it is, a fecked up collection of market makers, with the attention span and memory of a gnat. These people couldn’t organize a piss-up in a brewery. At times this is just total bollo**s.\r\n\r\nI tweeted PREMIUM SERVICE subscribers not to get suckered one way or the other and to expect a collection of knee-jerk reactions to the release of the minutes, and, basically that was what happened after the USD bulls finally got their way.\r\n\r\nThe crazy thing from my perspective is FED policy is NOT something that changes like the direction of the wind. It is similar to Moses returning from the mountain with the 10 commandments in tablets of stone. They will raise rates…. period. They have to because of credibility. If they feck up and have to reduce again so be it. All this fuss about timing is now so drawn out with speculation and it has created so much uncertainty it is now just boring to watch CNBC / BLOOMBERG anymore.\r\n\r\nIn any event a rate hike is coming. It could still come in June. DO NOT rule out anything if we get two months of good data the FED may say “feck it, what the hell lets do it now and if we have to chop it back to boost the fall / Christmas market so be it”.\r\n\r\n<span style=\"text-decoration: underline;\">GEOPOLITICAL EVENTS:</span>\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\"> GREECE:</span></li>\r\n</ol>\r\nSo the Tsipras regime paid the IMF. I did not see that coming, but, there are much bigger amounts due in the next 30 days as I wrote about last week, so this story is far from over.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\"> OIL – YEMEN – IRAN:</span></li>\r\n</ol>\r\nThis is just getting messier by the day. I cannot see an end game here in the short-term.\r\n<ol start=\"3\">\r\n	<li><span style=\"text-decoration: underline;\"> OVERVIEW:</span></li>\r\n</ol>\r\nBeing a FUNDAMENTAL trader first then technical, the tensions around the EUROZONE and MIDDLE-EAST are playing havoc with my longer-term thoughts. I am finding it very hard to be anything other than a 30-minute trader at present. There is so much that could just implode and screw up day-swing trade potential set-ups, I am starting to view pullbacks as potential reversal patterns.\r\n\r\nI am receiving lots of comments from subscribers about basically a “GBAB ‘N GO” approach to Forex trading. Whilst I am not, or do not consider myself this type of trader, I certainly wasn’t in 2014…am I getting this way in 2015?\r\n\r\nBeing totally honest the number of scalping 15-25 pip trades have increased dramatically year over year.\r\n\r\nNo matter what, the geopolitical events around the world have to be taken into consideration if you are seriously looking to trade beyond a day trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</span><span style=\"text-decoration: underline;\">(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to </span><a href=\"http://www.forexfasctory.com\">www.forexfasctory.com</a><span style=\"text-decoration: underline;\"> and </span><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><span style=\"text-decoration: underline;\"> for more comprehensive lists of all news events that are Forex related).</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: N/A.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – Core Retail Sales, PPi &amp; Retail Sales Data..\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: EUR – ECB Press Conference.\r\nWEDNESDAY: CAD – BOC Rate Statement and Press Conference.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: AUD – Employment Data\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD – CPi and Core CPi Data.\r\nFRIDAY: USD – CPi and Core CPi Data.\r\n\r\n<span style=\"text-decoration: underline;\">MY THOUGHTS:</span>\r\n\r\nIt is a big week for news. There is a nice spread of items that have my attention.\r\n\r\nHaving had withdrawal symptoms from the ECB shifting away from monthly Press Conferences it will be great to see “old shifty” back in the hot seat. I will be looking forward to his comments related to GREECE. It should be pretty comfortable with the EUR/USD exchange rate how it sits at the moment, so maybe a low-key event is on the horizon…yeah right!\r\n\r\nThe Retail Sales and CPi data from the U.S. and Canada will be eagerly awaited, as this will direct central bank policy.\r\n\r\nAussie employment should be interesting with the mix between full and part-time ratios and the dairy prices usually have an impact on the Kiwi.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">CHINA and HONG KONG BROKERAGES:</span>\r\n\r\nThis made the headlines recently but I omitted to mention this in my blog. It will be rectified now.\r\n\r\nRegulations between access to the HONK KONG market and CHINA have changed about being able to trade these markets based on location. Also the numbers of new broker accounts being opened in China is staggering. Over one million new accounts each week. I could not obtain confirmation on the number of FX versus EQUITIES accounts but would say the overwhelming number would be equity accounts.\r\n\r\nThis will be behind the rallies in Shanghai and Hong Kong, because all retail buyers do is buy. We have a new Chinese army of stock buyers without knowledge, training or experience on a buying spree of stocks. Freaky and scary… bear this in mind.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">FOREX MARKET CONDITIONS:</span>\r\n\r\nSubscribers to the PREMIUM SERVICE will know that about 1.00-2.00AM (EDT) on Friday morning last week I aggressively placed protective stops across the LIVE trades at that time basically covering all trades. Looking at the Forex market at that time I noted the following: -\r\n<ul>\r\n	<li>GOLD – strong</li>\r\n	<li>USD (DXY) – strong</li>\r\n	<li>S&amp;P Futures – up</li>\r\n	<li>JPY – strong</li>\r\n	<li>European futures – very strong</li>\r\n	<li>U.S. 10-year bonds - strong</li>\r\n</ul>\r\nIn my opinion at that time something had to give, as it just did not read right. I was simply not prepared to go back to sleep and have a potential European squeeze take place and have me awaken to negative positions across the board on a Friday that would potentially be extremely difficult to exit. I would have either had to have taken losses or sit through the weekend, with the backdrop of geopolitical events hanging over me. No thanks. I banked $$$ and had a good night’s sleep.\r\n\r\nMy purpose for writing this is that as traders, we are all faced with these dilemmas; some traders will just blow their accounts, refill them and start again. Been there, done that,got the T-shirt, made the video…never again.\r\n\r\nIt is never a bad thing to bank $$$. To try and be a clever fecker sitting in trades with the risk of giving $$$ back to your broker does not make sense to me, in particular with today’s markets.\r\n\r\nAs most of you know, I took a big hit on the GBP/CHF on the SNB Peg removal day. I am now never, to the very best of my abilities giving too much back to the brokers again…ever.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">FOREX LIQUIDITY:</span>\r\n\r\nI read in the Financial Times last week that the Forex Market, which is now a USD$5.3 trillion a day on average marketplace, has a problem (Over the past few weeks I have been moaning about too many squeezes and weird market trading conditions).\r\n\r\nIt appears the mechanics of the market have been drawn into question. Is there a decline, or cyclical decline in Forex trading? I would say that it was noted recently that some of the banks who traded Forex were cutting back after taking some heavy losses.\r\n\r\nWithout doubt greater regulation in the banking industry is weeding out the “under the counter cheating” that took place and is becoming very quickly a trait of the past. I know for a fact that thousands of retail traders left after the SNB. Over leveraged accounts were wiped out.\r\n\r\nWithout doubt we see much larger volatile moves and if you are caught the wrong way it can be very painful.\r\n\r\nTo cover this volatility many of the banks have widened the spreads offered to their supporting brokers. This has resulted in many retail traders closing their accounts and no longer trading FOREX. Without doubt if banks lose money they will protect themselves and they will have a lower risk appetite. I think I wrote that in February this year daily volumes compared with January were lower by 16%. This is a significant number.\r\n\r\nAs if we do not have enough to consider, we now have a permanent liquidity fear if one of the major FX banks is absent from the market for a few moments…. just brilliant… just great.\r\n\r\nForex trading is an evolving market and is going through changes. All we can do is get the head down, look for high probability trades, set the best stops we can based on our RISK TOLERANCES and trade.\r\n\r\nLike so many of you, I still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky / changing conditions, so I am obviously delighted. It is much harder than last year but we still move forwards despite all that is thrown in our direction.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>WHERE NEXT FOR THE DXY?\r\n</strong>(DXY the USD Index closed last Friday at 99.33)</p>\r\nWhat a difference interpretation makes on basically the same information.\r\n\r\nAt the March FOMC meeting, and with a subsequent statement, supporting charts and graphs plus FED Chair Yellen’s 90-minute press conference, the market viewed all things USD as DOVISH.\r\n\r\nA few weeks later the minutes of the two-day FOMC meeting are released and they are viewed as HAWKISH.\r\n\r\nWhat has changed?\r\n\r\nBugger all as far as I can see. The FED monetary policy has been pretty consistent, I know we are not helped with the fact that many local state FED governors keep mouthing off their own opinions to confuse the crap out of Wall Street and the Chicago pits. Guess what…? They are just brilliant at doing that. It may not be in a FED governor’s job specification to confuse the crap out of the market but they know they do it and they persist. It’s just a game, and a game with very high stakes all the same.\r\n\r\nThe markets appear to not be able to read what is actually written and place that in the brain for future reference.\r\n\r\nPart of this game is that Wall Street expects Janet Yellen to say on June 21<sup>st</sup> at 10.00AM interest rates will be increased by 0.25%. This is just the same as CNN trying to gain knowledge of U.S. troop tactics in a war zone, air them on TV and then wonder why so many U.S. soldiers die in combat, then they blame the government.\r\n\r\nAll we have right now as far as I can see is speculation over the date / timing of the FED rate hike. I believe the market now accepts what the FOMC have been stating for a few meetings now that there will be a rate hike in 2015. At least that is a step forward. So it’s just a case of, is it before the summer in June or after the summer in September.\r\n\r\nCNBC and BLOOMBERG are now in overdrive about a strong USD and the date of the rate hike.\r\n\r\nBetween now and the eventual rate hike what about the USD (DXY), where will it go?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015.png\"><img class=\"aligncenter size-large wp-image-5716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015-1024x448.png\" alt=\"USD (DXY) 12042015\" width=\"1024\" height=\"448\" /></a>\r\n\r\n&nbsp;\r\n\r\nFrom the chart above you can see that I am merely looking at the recent pattern of bull flag formations and continuing them forwards. The last measured move targets between 102.00 and 103.00. It will be very, very ambitious if we get to these levels but never rule anything out.\r\n\r\nFrom a Forex Trading perspective where for example does a DXY reading of 102.00 bring us in relation to the USD majors?\r\n\r\nThis is not an exact science but a move of about 220 in the DXY could have the following effect assuming all pairs tow the line…\r\n<ul>\r\n	<li>EUR/USD      1.0200 – 1.0300</li>\r\n	<li>GBP/USD      1.4100 – 1.4200</li>\r\n	<li>AUD/USD      0.7000 – 0.7100</li>\r\n	<li>NZD/USD      0.6800 – 0.7000</li>\r\n	<li>USD/CAD      1.3000 – 1.3200</li>\r\n	<li>USD/CHF      1.0200 – 1.0300</li>\r\n</ul>\r\nThese are big moves, but they are potentially what could happen if the DXY breaks higher to 102.00. Beyond 102.00 to 103.00 we would see the EUR/USD at parity or below.\r\n\r\nMaybe some of the recent calls on sub-parity for the EUR/USD are not so far off the mark?\r\n\r\nTime will tell. The other side of this article though is what happens once we reach 102.00 or 103.00? Do we consolidate or fall back to re-test 100.00? That is another article.\r\n\r\nJust bear in mind what could happen should the DXY break out above 100.00 in style!!\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:\r\n</span>\r\n<p style=\"text-align: center;\"><strong>EMANATING FROM TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 226 trades cost to trade = $22.60</strong>\r\n<strong> PROFIT from 226 trades = $324.90</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 226 trades cost to trade = $226.00</strong>\r\n<strong> PROFIT from 226 trades = $3,249.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 226 trades cost to trade = $2,226.00</strong>\r\n<strong> PROFIT from 226 trades = $32,490.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\"><img class=\"aligncenter size-full wp-image-5718\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\" alt=\"PROFIT-LOSS RATIO 12042015\" width=\"410\" height=\"581\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\"><img class=\"aligncenter size-full wp-image-5717\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\" alt=\"RISK-REWARD 12042015\" width=\"427\" height=\"539\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\"><img class=\"aligncenter size-full wp-image-5719\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\" alt=\"PREM SERV PROFITS 1 12042015\" width=\"461\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\"><img class=\"aligncenter size-full wp-image-5720\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\" alt=\"REM SERV PROFITS 2 12042015\" width=\"465\" height=\"426\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nI APOLOGISE… THERE IS NO EDUCATION ARTICLE THIS WEEK\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\nIt was once again a sticky week in the Forex market.\r\n\r\nI did not want to get too long or too short as we were so range bound and were really operating in a bit of a chop fest.\r\n\r\nI missed the opportunity to get into a couple of core trades at the best levels and I let them get away from me resorting to basic intra-day trading. Whilst I should not complain, as $$$ were being banked with my brokers, there was still a feeling of missing one or two key moments, namely the USD/CHF long from its base around 0.9400 and the EUR/JPY from it’s 131.00 level.\r\n\r\nHaving written the above we added about 250 pips during the past week and it is always better to be increasing the pip tally rather than it decreasing. I believe I am at ‘Orange Alert” when it comes to caution in trading at the moment. Having said that I only have three stages, Yellow, Orange then Red. I am so conscious that the Forex related RISKS in trading have never been higher. It is a very awkward and frustrating market most of the time; just the odd trading session gives you a reasonable confidence to directional trade.\r\n\r\nI am long the USD/CAD from almost its most recent base and so I am hoping to take this trade back towards its recent highs if possible. A lot depends on the DXY and how much the buying demand is for the USD as to how far the USD will go. In addition with all things CAD, one must consider OIL. Given that there is an OIL glut, I feel that the FUNDAMENTALS are on my side.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIVE-PS-TRADES-12042015.png\"><img class=\"aligncenter size-full wp-image-5727\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIVE-PS-TRADES-12042015.png\" alt=\"LIVE PS TRADES 12042015\" width=\"723\" height=\"506\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-12042015.png\"><img class=\"aligncenter size-full wp-image-5726\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-12042015.png\" alt=\"LIMIT ORDERS 12042015\" width=\"713\" height=\"402\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nRemember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data.\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\n<span style=\"text-decoration: underline;\">THIS WEEKS OVERVIEW:</span>\r\n\r\nThere are quite a few charts this week. My comments are on the charts for reference purposes. This week there are USD majors on smaller minute charts included in this section. There are quite a few trades I want to look at in the coming days.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5749\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-12042015-1024x517.png\" alt=\"AUDJPY MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5748\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-240M-12042015-1024x517.png\" alt=\"AUDNZD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5747\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-240M-12042015-1024x517.png\" alt=\"AUDUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURAUD-WEEKLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURAUD-WEEKLY-12042015-1024x517.png\" alt=\"EURAUD WEEKLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCAD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCAD-MONTHLY-12042015-1024x517.png\" alt=\"EURCAD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCHF-360M-12042015.png\"><img class=\"aligncenter size-large wp-image-5744\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCHF-360M-12042015-1024x517.png\" alt=\"EURCHF 360M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURNZD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5743\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURNZD-MONTHLY-12042015-1024x517.png\" alt=\"EURNZD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5742\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-240M-12042015-1024x517.png\" alt=\"EURUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5741\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-MONTHLY-12042015-1024x517.png\" alt=\"GBPAUD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5740\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-MONTHLY-12042015-1024x517.png\" alt=\"GBPCAD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPNZD-WEEKLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5739\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPNZD-WEEKLY-12042015-1024x517.png\" alt=\"GBPNZD WEEKLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5738\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-240M-12042015-1024x517.png\" alt=\"GBPUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5737\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-240M-12042015-1024x517.png\" alt=\"NZDUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-DAILY-12042015.png\"><img class=\"aligncenter size-large wp-image-5736\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-DAILY-12042015-1024x517.png\" alt=\"USDCHF DAILY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-12042015.png\"><img class=\"aligncenter size-full wp-image-5728\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-12042015.png\" alt=\"TRENDING PAIRS 12042015\" width=\"405\" height=\"533\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n</span></strong>(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n<strong>EUR/USD: Closing Price 1.0597.</strong>\r\n\r\nThe kiss of death comment was made last week when I referred to three up-trending weeks. Well, that has certainly come to an end this week.\r\n\r\nI wish that I had got short at 1.1030 early last week. My LIMIT ORDER entry had been placed at 1.1050. What a weekly move! It moved about 400 pips lower in the week.\r\n\r\nTrend lows at 1.0470 look well in sight now and those calls made on the last move lower for parity and below do not look out of order, in particular, if my call on the DXY comes through.\r\n\r\nImmediate support is at 1.0570 then 1.0500 with resistance back at 1.0700-50.\r\n\r\n<strong> </strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5734\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-W-12042015-1024x517.png\" alt=\"EURUSD W 12042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4631</strong>.\r\n\r\nA very similar picture to the EUR/USD; a big weekly fall from the previous weeks level, overall about a 260 pip drop.\r\n\r\nThe General Election uncertainty in the UK is still having an effect; it must be given that Mark Carney spoke very recently about raising interest rates.\r\n\r\nWhen you look at the chart below, it looks very bearish. Support is at 1.4570 and 1.4740 should provide some resistance.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5733\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-W-12042015-1024x517.png\" alt=\"GBPUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.7663</strong>.\r\n\r\nThe weekly chart below shows that following the RBA not cutting interest rates we sit mid-range between 0.7820 and 0.7530.\r\n\r\nSupport as far as I am concerned is at 0.7620 and resistance is at 0.7740.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5735\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-W-12042015-1024x517.png\" alt=\"AUDUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7508</strong>.\r\n\r\nIt was another week with not much movement with the weekly closing numbers. This pair is stuck between a rock and a hard place. I think that if the RBA cuts next time around the RBNZ will have to act as this currency is in danger of becoming the carry trade. There simply aren’t enough NZD $ to meet huge demands and therefore it could reach 0.8000 and above in a flash.\r\n\r\nFor now however, resistance is at 0.7635-40 and support is at 0.7480.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5732\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-W-12042015-1024x517.png\" alt=\"NZDUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2559.</strong>\r\n\r\nOn the weekly chart below you can still see the range that this pair is contained inside. Support is at 1.2350 and resistance at 1.2835.\r\n\r\nImmediate support however is at 1.2575 and resistance at 1.2650 then 1.2700.\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5731\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-W-12042015-1024x517.png\" alt=\"USDCAD W 12042015\" width=\"1024\" height=\"517\" /></a> </strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9790</strong>.\r\n\r\nThis pair looks like it could be blasting back to parity and beyond again, especially if the EUR/USD keeps falling. As you can see on the chart below we have a really nice wedge pattern. The breakout point is at 0.9840 and it could be an explosive move higher.\r\n\r\nSupport is at 0.9750 and resistance at 0.9840.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-D-12042015.png\"><img class=\"aligncenter size-large wp-image-5730\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-D-12042015-1024x517.png\" alt=\"USDCHF D 12042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 120.10.</strong>\r\n\r\nNo change from last week. We are still in the same range.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5729\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-W-12042015-1024x517.png\" alt=\"USDJPY W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE CONCLUSION - MY FINAL THOUGHTS:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:</span>\r\n\r\nWe have a lot of geopolitical news hanging around and whilst this will not directly feature minute by minute this week, as traders we must not forget to be conscious of these events.\r\n\r\nWe will be constantly reminded about OIL, but maybe not so much about the middle-east tensions that can swing a market one way and then the other very quickly.\r\n\r\nGREECE will hold the attention of the EUROZONE, this story is by no means over yet, in fact, it has only just really started. I am tired of hearing that GREECE is so small it doesn’t matter, this is complete bulls**t, the financial ramifications of a GREXIT or DEFAULT will be far reaching. Just remember what happened with Dubai and Cyprus, both tiny places but as they were financial centres they caused problems. I am not saying that GREECE is a financial centre, but it is a EUROZONE union member with a lot of its finances integrated into other EUROZONE countries and the ECB. Of course it will have an effect.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day nowadays.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 12th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<span style=\"text-decoration: underline;\">TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any do','WHERE NEXT FOR THE DXY?','','inherit','open','closed','','5750-revision-v1','','','2015-04-11 11:47:19','2015-04-11 16:47:19','',5750,'https://weeklyfxdrivethru.com/5750-revision-v1/',0,'revision','',0),(5752,1,'2015-04-11 11:48:52','2015-04-11 16:48:52','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></h3>\r\n<strong>DATE: 12.04.2015\r\nREFERENCE: #55\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION - MY OVERVIEW OF THE FOREX MARKET:</strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</span>\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">RBA – RATE STATEMENT:</span>\r\n\r\nSurprise decision or not the RBA left interest rates unchanged last week. These buggers at the RBA are really reaping havoc on my shorter to medium term views of my TRADING PLAN. This is creating additional trading stress that I do not want or like to have.\r\n\r\nMy longer-term view is that the AUD/USD is going sub 0.7000. There are times when the market has me so frustrated that I feel like just opening an additional broker account to set-up a number of entries, place them LIVE, and then, take a look once a month at where I stand, and, add to positions and move stops on a monthly basis. These would be true FUNDAMENTAL longer-term trades, an account free from the noise and chop fest that we appear to be suffering all the time now. There’s a thought, and maybe something I should have done at the beginning of 2015.\r\n\r\nI digress, market makers had to reset their short to medium term outlook on the AUD overall and it was only through relentless USD buying on Thursday through Friday last week that AUD/USD started to fall again after a number of up days following the Rate announcement. In my opinion the jury is out on the short-term moves with the AUD, however, having just said that, bigger moves will take place from which the AUD will just follow like a good little puppy.\r\n\r\n<span style=\"text-decoration: underline;\">FOMC MEETING MINUTES:</span>\r\n\r\nCan someone please tell me why minutes that emanated from a Rate Statement, Financial Projections and a 90-minute Press Conference by the FED chair Janet Yellen, that were seen clearly as DOVISH, turn out a couple of weeks later to read as HAWKISH?\r\n\r\nThis is why a lot of new traders get switched off from the Forex Market. It is what it is, a fecked up collection of market makers, with the attention span and memory of a gnat. These people couldn’t organize a piss-up in a brewery. At times this is just total bollo**s.\r\n\r\nI tweeted PREMIUM SERVICE subscribers not to get suckered one way or the other and to expect a collection of knee-jerk reactions to the release of the minutes, and, basically that was what happened after the USD bulls finally got their way.\r\n\r\nThe crazy thing from my perspective is FED policy is NOT something that changes like the direction of the wind. It is similar to Moses returning from the mountain with the 10 commandments in tablets of stone. They will raise rates…. period. They have to because of credibility. If they feck up and have to reduce again so be it. All this fuss about timing is now so drawn out with speculation and it has created so much uncertainty it is now just boring to watch CNBC / BLOOMBERG anymore.\r\n\r\nIn any event a rate hike is coming. It could still come in June. DO NOT rule out anything if we get two months of good data the FED may say “feck it, what the hell lets do it now and if we have to chop it back to boost the fall / Christmas market so be it”.\r\n\r\n<span style=\"text-decoration: underline;\">GEOPOLITICAL EVENTS:</span>\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\"> GREECE:</span></li>\r\n</ol>\r\nSo the Tsipras regime paid the IMF. I did not see that coming, but, there are much bigger amounts due in the next 30 days as I wrote about last week, so this story is far from over.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\"> OIL – YEMEN – IRAN:</span></li>\r\n</ol>\r\nThis is just getting messier by the day. I cannot see an end game here in the short-term.\r\n<ol start=\"3\">\r\n	<li><span style=\"text-decoration: underline;\"> OVERVIEW:</span></li>\r\n</ol>\r\nBeing a FUNDAMENTAL trader first then technical, the tensions around the EUROZONE and MIDDLE-EAST are playing havoc with my longer-term thoughts. I am finding it very hard to be anything other than a 30-minute trader at present. There is so much that could just implode and screw up day-swing trade potential set-ups, I am starting to view pullbacks as potential reversal patterns.\r\n\r\nI am receiving lots of comments from subscribers about basically a “GBAB ‘N GO” approach to Forex trading. Whilst I am not, or do not consider myself this type of trader, I certainly wasn’t in 2014…am I getting this way in 2015?\r\n\r\nBeing totally honest the number of scalping 15-25 pip trades have increased dramatically year over year.\r\n\r\nNo matter what, the geopolitical events around the world have to be taken into consideration if you are seriously looking to trade beyond a day trade.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</span><span style=\"text-decoration: underline;\">(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to </span><a href=\"http://www.forexfasctory.com\">www.forexfasctory.com</a><span style=\"text-decoration: underline;\"> and </span><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><span style=\"text-decoration: underline;\"> for more comprehensive lists of all news events that are Forex related).</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: N/A.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – Core Retail Sales, PPi &amp; Retail Sales Data..\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: EUR – ECB Press Conference.\r\nWEDNESDAY: CAD – BOC Rate Statement and Press Conference.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: AUD – Employment Data\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD – CPi and Core CPi Data.\r\nFRIDAY: USD – CPi and Core CPi Data.\r\n\r\n<span style=\"text-decoration: underline;\">MY THOUGHTS:</span>\r\n\r\nIt is a big week for news. There is a nice spread of items that have my attention.\r\n\r\nHaving had withdrawal symptoms from the ECB shifting away from monthly Press Conferences it will be great to see “old shifty” back in the hot seat. I will be looking forward to his comments related to GREECE. It should be pretty comfortable with the EUR/USD exchange rate how it sits at the moment, so maybe a low-key event is on the horizon…yeah right!\r\n\r\nThe Retail Sales and CPi data from the U.S. and Canada will be eagerly awaited, as this will direct central bank policy.\r\n\r\nAussie employment should be interesting with the mix between full and part-time ratios and the dairy prices usually have an impact on the Kiwi.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">CHINA and HONG KONG BROKERAGES:</span>\r\n\r\nThis made the headlines recently but I omitted to mention this in my blog. It will be rectified now.\r\n\r\nRegulations between access to the HONK KONG market and CHINA have changed about being able to trade these markets based on location. Also the numbers of new broker accounts being opened in China is staggering. Over one million new accounts each week. I could not obtain confirmation on the number of FX versus EQUITIES accounts but would say the overwhelming number would be equity accounts.\r\n\r\nThis will be behind the rallies in Shanghai and Hong Kong, because all retail buyers do is buy. We have a new Chinese army of stock buyers without knowledge, training or experience on a buying spree of stocks. Freaky and scary… bear this in mind.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">FOREX MARKET CONDITIONS:</span>\r\n\r\nSubscribers to the PREMIUM SERVICE will know that about 1.00-2.00AM (EDT) on Friday morning last week I aggressively placed protective stops across the LIVE trades at that time basically covering all trades. Looking at the Forex market at that time I noted the following: -\r\n<ul>\r\n	<li>GOLD – strong</li>\r\n	<li>USD (DXY) – strong</li>\r\n	<li>S&amp;P Futures – up</li>\r\n	<li>JPY – strong</li>\r\n	<li>European futures – very strong</li>\r\n	<li>U.S. 10-year bonds - strong</li>\r\n</ul>\r\nIn my opinion at that time something had to give, as it just did not read right. I was simply not prepared to go back to sleep and have a potential European squeeze take place and have me awaken to negative positions across the board on a Friday that would potentially be extremely difficult to exit. I would have either had to have taken losses or sit through the weekend, with the backdrop of geopolitical events hanging over me. No thanks. I banked $$$ and had a good night’s sleep.\r\n\r\nMy purpose for writing this is that as traders, we are all faced with these dilemmas; some traders will just blow their accounts, refill them and start again. Been there, done that,got the T-shirt, made the video…never again.\r\n\r\nIt is never a bad thing to bank $$$. To try and be a clever fecker sitting in trades with the risk of giving $$$ back to your broker does not make sense to me, in particular with today’s markets.\r\n\r\nAs most of you know, I took a big hit on the GBP/CHF on the SNB Peg removal day. I am now never, to the very best of my abilities giving too much back to the brokers again…ever.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">FOREX LIQUIDITY:</span>\r\n\r\nI read in the Financial Times last week that the Forex Market, which is now a USD$5.3 trillion a day on average marketplace, has a problem (Over the past few weeks I have been moaning about too many squeezes and weird market trading conditions).\r\n\r\nIt appears the mechanics of the market have been drawn into question. Is there a decline, or cyclical decline in Forex trading? I would say that it was noted recently that some of the banks who traded Forex were cutting back after taking some heavy losses.\r\n\r\nWithout doubt greater regulation in the banking industry is weeding out the “under the counter cheating” that took place and is becoming very quickly a trait of the past. I know for a fact that thousands of retail traders left after the SNB. Over leveraged accounts were wiped out.\r\n\r\nWithout doubt we see much larger volatile moves and if you are caught the wrong way it can be very painful.\r\n\r\nTo cover this volatility many of the banks have widened the spreads offered to their supporting brokers. This has resulted in many retail traders closing their accounts and no longer trading FOREX. Without doubt if banks lose money they will protect themselves and they will have a lower risk appetite. I think I wrote that in February this year daily volumes compared with January were lower by 16%. This is a significant number.\r\n\r\nAs if we do not have enough to consider, we now have a permanent liquidity fear if one of the major FX banks is absent from the market for a few moments…. just brilliant… just great.\r\n\r\nForex trading is an evolving market and is going through changes. All we can do is get the head down, look for high probability trades, set the best stops we can based on our RISK TOLERANCES and trade.\r\n\r\nLike so many of you, I still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky / changing conditions, so I am obviously delighted. It is much harder than last year but we still move forwards despite all that is thrown in our direction.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>WHERE NEXT FOR THE DXY?\r\n</strong>(DXY the USD Index closed last Friday at 99.33)</p>\r\nWhat a difference interpretation makes on basically the same information.\r\n\r\nAt the March FOMC meeting, and with a subsequent statement, supporting charts and graphs plus FED Chair Yellen’s 90-minute press conference, the market viewed all things USD as DOVISH.\r\n\r\nA few weeks later the minutes of the two-day FOMC meeting are released and they are viewed as HAWKISH.\r\n\r\nWhat has changed?\r\n\r\nBugger all as far as I can see. The FED monetary policy has been pretty consistent, I know we are not helped with the fact that many local state FED governors keep mouthing off their own opinions to confuse the crap out of Wall Street and the Chicago pits. Guess what…? They are just brilliant at doing that. It may not be in a FED governor’s job specification to confuse the crap out of the market but they know they do it and they persist. It’s just a game, and a game with very high stakes all the same.\r\n\r\nThe markets appear to not be able to read what is actually written and place that in the brain for future reference.\r\n\r\nPart of this game is that Wall Street expects Janet Yellen to say on June 21<sup>st</sup> at 10.00AM interest rates will be increased by 0.25%. This is just the same as CNN trying to gain knowledge of U.S. troop tactics in a war zone, air them on TV and then wonder why so many U.S. soldiers die in combat, then they blame the government.\r\n\r\nAll we have right now as far as I can see is speculation over the date / timing of the FED rate hike. I believe the market now accepts what the FOMC have been stating for a few meetings now that there will be a rate hike in 2015. At least that is a step forward. So it’s just a case of, is it before the summer in June or after the summer in September.\r\n\r\nCNBC and BLOOMBERG are now in overdrive about a strong USD and the date of the rate hike.\r\n\r\nBetween now and the eventual rate hike what about the USD (DXY), where will it go?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015.png\"><img class=\"aligncenter size-large wp-image-5716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015-1024x448.png\" alt=\"USD (DXY) 12042015\" width=\"1024\" height=\"448\" /></a>\r\n\r\n&nbsp;\r\n\r\nFrom the chart above you can see that I am merely looking at the recent pattern of bull flag formations and continuing them forwards. The last measured move targets between 102.00 and 103.00. It will be very, very ambitious if we get to these levels but never rule anything out.\r\n\r\nFrom a Forex Trading perspective where for example does a DXY reading of 102.00 bring us in relation to the USD majors?\r\n\r\nThis is not an exact science but a move of about 220 in the DXY could have the following effect assuming all pairs tow the line…\r\n<ul>\r\n	<li>EUR/USD      1.0200 – 1.0300</li>\r\n	<li>GBP/USD      1.4100 – 1.4200</li>\r\n	<li>AUD/USD      0.7000 – 0.7100</li>\r\n	<li>NZD/USD      0.6800 – 0.7000</li>\r\n	<li>USD/CAD      1.3000 – 1.3200</li>\r\n	<li>USD/CHF      1.0200 – 1.0300</li>\r\n</ul>\r\nThese are big moves, but they are potentially what could happen if the DXY breaks higher to 102.00. Beyond 102.00 to 103.00 we would see the EUR/USD at parity or below.\r\n\r\nMaybe some of the recent calls on sub-parity for the EUR/USD are not so far off the mark?\r\n\r\nTime will tell. The other side of this article though is what happens once we reach 102.00 or 103.00? Do we consolidate or fall back to re-test 100.00? That is another article.\r\n\r\nJust bear in mind what could happen should the DXY break out above 100.00 in style!!\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:\r\n</span>\r\n<p style=\"text-align: center;\"><strong>EMANATING FROM TRADE SET-UPS - 2015 to date:</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 226 trades cost to trade = $22.60</strong>\r\n<strong> PROFIT from 226 trades = $324.90</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 226 trades cost to trade = $226.00</strong>\r\n<strong> PROFIT from 226 trades = $3,249.00</strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 226 trades cost to trade = $2,226.00</strong>\r\n<strong> PROFIT from 226 trades = $32,490.00</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\"><img class=\"aligncenter size-full wp-image-5718\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\" alt=\"PROFIT-LOSS RATIO 12042015\" width=\"410\" height=\"581\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\"><img class=\"aligncenter size-full wp-image-5717\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\" alt=\"RISK-REWARD 12042015\" width=\"427\" height=\"539\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\"><img class=\"aligncenter size-full wp-image-5719\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\" alt=\"PREM SERV PROFITS 1 12042015\" width=\"461\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\"><img class=\"aligncenter size-full wp-image-5720\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\" alt=\"REM SERV PROFITS 2 12042015\" width=\"465\" height=\"426\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\nI APOLOGISE… THERE IS NO EDUCATION ARTICLE THIS WEEK\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\nIt was once again a sticky week in the Forex market.\r\n\r\nI did not want to get too long or too short as we were so range bound and were really operating in a bit of a chop fest.\r\n\r\nI missed the opportunity to get into a couple of core trades at the best levels and I let them get away from me resorting to basic intra-day trading. Whilst I should not complain, as $$$ were being banked with my brokers, there was still a feeling of missing one or two key moments, namely the USD/CHF long from its base around 0.9400 and the EUR/JPY from it’s 131.00 level.\r\n\r\nHaving written the above we added about 250 pips during the past week and it is always better to be increasing the pip tally rather than it decreasing. I believe I am at ‘Orange Alert” when it comes to caution in trading at the moment. Having said that I only have three stages, Yellow, Orange then Red. I am so conscious that the Forex related RISKS in trading have never been higher. It is a very awkward and frustrating market most of the time; just the odd trading session gives you a reasonable confidence to directional trade.\r\n\r\nI am long the USD/CAD from almost its most recent base and so I am hoping to take this trade back towards its recent highs if possible. A lot depends on the DXY and how much the buying demand is for the USD as to how far the USD will go. In addition with all things CAD, one must consider OIL. Given that there is an OIL glut, I feel that the FUNDAMENTALS are on my side.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIVE-PS-TRADES-12042015.png\"><img class=\"aligncenter size-full wp-image-5727\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIVE-PS-TRADES-12042015.png\" alt=\"LIVE PS TRADES 12042015\" width=\"723\" height=\"506\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-12042015.png\"><img class=\"aligncenter size-full wp-image-5726\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/LIMIT-ORDERS-12042015.png\" alt=\"LIMIT ORDERS 12042015\" width=\"713\" height=\"402\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nRemember position sizes for suggested FUNDAMENTAL TRADES should be much smaller than usual, maybe only 20%-25% of your normal trading position size. It is only when we add to our positions that the fun begins. All FUNDAMENTAL trades posted via email contain a second page with details of where I will add trades and when and where stops are moved, the Stair Stepping Stop Protection (SSSP) is self-explanatory and I hope useful. Using this grows your trading position and helps protect the profits made, should the trade gain traction. In addition, I have added some detail on my HEDGING approach as well to the second FUNDAMENTAL TRADE alert page. More detailed information on HEDGING can be found inside the PREMIUM SERVICE website under the EDUCATION tab – Trading Essentials.\r\n\r\nI view the commodity cross-rate pairs, which form the basis of my FUNDAMENTAL TRADE SET-UPS as bonus trades away from the USD majors and over the year they can be very profitable. This is why I have a separate broker account for commodity cross-RATE PAIR trades. It gives me an immediate measurement of performance without the need to extrapolate data.\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\n(This section usually contains charts mainly relating to non-USD majors, in particular the ones that I am working on and looking at because they catch my eye that may become potential trades in the trading sessions ahead. If there are no comments beneath the charts, my comments / thoughts are written on them directly. I will tweet and email as soon as these possible trades become LIMIT ORDERS)\r\n\r\n<span style=\"text-decoration: underline;\">THIS WEEKS OVERVIEW:</span>\r\n\r\nThere are quite a few charts this week. My comments are on the charts for reference purposes. This week there are USD majors on smaller minute charts included in this section. There are quite a few trades I want to look at in the coming days.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5749\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDJPY-MONTHLY-12042015-1024x517.png\" alt=\"AUDJPY MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5748\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDNZD-240M-12042015-1024x517.png\" alt=\"AUDNZD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5747\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-240M-12042015-1024x517.png\" alt=\"AUDUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURAUD-WEEKLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5746\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURAUD-WEEKLY-12042015-1024x517.png\" alt=\"EURAUD WEEKLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCAD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5745\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCAD-MONTHLY-12042015-1024x517.png\" alt=\"EURCAD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCHF-360M-12042015.png\"><img class=\"aligncenter size-large wp-image-5744\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURCHF-360M-12042015-1024x517.png\" alt=\"EURCHF 360M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURNZD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5743\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURNZD-MONTHLY-12042015-1024x517.png\" alt=\"EURNZD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5742\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-240M-12042015-1024x517.png\" alt=\"EURUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5741\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPAUD-MONTHLY-12042015-1024x517.png\" alt=\"GBPAUD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-MONTHLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5740\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPCAD-MONTHLY-12042015-1024x517.png\" alt=\"GBPCAD MONTHLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPNZD-WEEKLY-12042015.png\"><img class=\"aligncenter size-large wp-image-5739\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPNZD-WEEKLY-12042015-1024x517.png\" alt=\"GBPNZD WEEKLY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5738\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-240M-12042015-1024x517.png\" alt=\"GBPUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-240M-12042015.png\"><img class=\"aligncenter size-large wp-image-5737\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-240M-12042015-1024x517.png\" alt=\"NZDUSD 240M 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-DAILY-12042015.png\"><img class=\"aligncenter size-large wp-image-5736\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-DAILY-12042015-1024x517.png\" alt=\"USDCHF DAILY 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-12042015.png\"><img class=\"aligncenter size-full wp-image-5728\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/TRENDING-PAIRS-12042015.png\" alt=\"TRENDING PAIRS 12042015\" width=\"405\" height=\"533\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n</span></strong>(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n<strong>EUR/USD: Closing Price 1.0597.</strong>\r\n\r\nThe kiss of death comment was made last week when I referred to three up-trending weeks. Well, that has certainly come to an end this week.\r\n\r\nI wish that I had got short at 1.1030 early last week. My LIMIT ORDER entry had been placed at 1.1050. What a weekly move! It moved about 400 pips lower in the week.\r\n\r\nTrend lows at 1.0470 look well in sight now and those calls made on the last move lower for parity and below do not look out of order, in particular, if my call on the DXY comes through.\r\n\r\nImmediate support is at 1.0570 then 1.0500 with resistance back at 1.0700-50.\r\n\r\n<strong> </strong>\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5734\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/EURUSD-W-12042015-1024x517.png\" alt=\"EURUSD W 12042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4631</strong>.\r\n\r\nA very similar picture to the EUR/USD; a big weekly fall from the previous weeks level, overall about a 260 pip drop.\r\n\r\nThe General Election uncertainty in the UK is still having an effect; it must be given that Mark Carney spoke very recently about raising interest rates.\r\n\r\nWhen you look at the chart below, it looks very bearish. Support is at 1.4570 and 1.4740 should provide some resistance.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5733\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/GBPUSD-W-12042015-1024x517.png\" alt=\"GBPUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.7663</strong>.\r\n\r\nThe weekly chart below shows that following the RBA not cutting interest rates we sit mid-range between 0.7820 and 0.7530.\r\n\r\nSupport as far as I am concerned is at 0.7620 and resistance is at 0.7740.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5735\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/AUDUSD-W-12042015-1024x517.png\" alt=\"AUDUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7508</strong>.\r\n\r\nIt was another week with not much movement with the weekly closing numbers. This pair is stuck between a rock and a hard place. I think that if the RBA cuts next time around the RBNZ will have to act as this currency is in danger of becoming the carry trade. There simply aren’t enough NZD $ to meet huge demands and therefore it could reach 0.8000 and above in a flash.\r\n\r\nFor now however, resistance is at 0.7635-40 and support is at 0.7480.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5732\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/NZDUSD-W-12042015-1024x517.png\" alt=\"NZDUSD W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2559.</strong>\r\n\r\nOn the weekly chart below you can still see the range that this pair is contained inside. Support is at 1.2350 and resistance at 1.2835.\r\n\r\nImmediate support however is at 1.2575 and resistance at 1.2650 then 1.2700.\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5731\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCAD-W-12042015-1024x517.png\" alt=\"USDCAD W 12042015\" width=\"1024\" height=\"517\" /></a> </strong>\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9790</strong>.\r\n\r\nThis pair looks like it could be blasting back to parity and beyond again, especially if the EUR/USD keeps falling. As you can see on the chart below we have a really nice wedge pattern. The breakout point is at 0.9840 and it could be an explosive move higher.\r\n\r\nSupport is at 0.9750 and resistance at 0.9840.\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-D-12042015.png\"><img class=\"aligncenter size-large wp-image-5730\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDCHF-D-12042015-1024x517.png\" alt=\"USDCHF D 12042015\" width=\"1024\" height=\"517\" /></a></strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 120.10.</strong>\r\n\r\nNo change from last week. We are still in the same range.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-W-12042015.png\"><img class=\"aligncenter size-large wp-image-5729\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USDJPY-W-12042015-1024x517.png\" alt=\"USDJPY W 12042015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE CONCLUSION - MY FINAL THOUGHTS:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:</span>\r\n\r\nWe have a lot of geopolitical news hanging around and whilst this will not directly feature minute by minute this week, as traders we must not forget to be conscious of these events.\r\n\r\nWe will be constantly reminded about OIL, but maybe not so much about the middle-east tensions that can swing a market one way and then the other very quickly.\r\n\r\nGREECE will hold the attention of the EUROZONE, this story is by no means over yet, in fact, it has only just really started. I am tired of hearing that GREECE is so small it doesn’t matter, this is complete bulls**t, the financial ramifications of a GREXIT or DEFAULT will be far reaching. Just remember what happened with Dubai and Cyprus, both tiny places but as they were financial centres they caused problems. I am not saying that GREECE is a financial centre, but it is a EUROZONE union member with a lot of its finances integrated into other EUROZONE countries and the ECB. Of course it will have an effect.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day nowadays.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 12th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\n<span style=\"line-height: 1.5;\">Google+/scottpickering\r\n</span>Tumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<span style=\"text-decoration: underline;\">TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any do','WHERE NEXT FOR THE DXY?','','inherit','open','closed','','5750-revision-v1','','','2015-04-11 11:48:52','2015-04-11 16:48:52','',5750,'https://weeklyfxdrivethru.com/5750-revision-v1/',0,'revision','',0),(5753,1,'2015-04-12 06:25:31','2015-04-12 11:25:31','<p style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong>from\r\n</strong><strong>THE WEEKLY FX DRIVE THRU\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></p>\r\n<strong>DATE: 12.04.2015\r\nREFERENCE: #148\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION - MY OVERVIEW OF THE FOREX MARKET:</strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</span>\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">RBA – RATE STATEMENT:</span>\r\n\r\nSurprise decision or not the RBA left interest rates unchanged last week. These buggers at the RBA are really reaping havoc on my shorter to medium term views of my TRADING PLAN. This is creating additional trading stress that I do not want or like to have.\r\n\r\nMy longer-term view is that the AUD/USD is going sub 0.7000. There are times when the market has me so frustrated that I feel like just opening an additional broker account to set-up a number of entries, place them LIVE, and then, take a look once a month at where I stand, and, add to positions and move stops on a monthly basis. These would be true FUNDAMENTAL longer-term trades, an account free from the noise and chop fest that we appear to be suffering all the time now. There’s a thought, and maybe something I should have done at the beginning of 2015.\r\n\r\nI digress, market makers had to reset their short to medium term outlook on the AUD overall and it was only through relentless USD buying on Thursday through Friday last week that AUD/USD started to fall again after a number of up days following the Rate announcement. In my opinion the jury is out on the short-term moves with the AUD, however, having just said that, bigger moves will take place from which the AUD will just follow like a good little puppy.\r\n\r\n<span style=\"text-decoration: underline;\">FOMC MEETING MINUTES:</span>\r\n\r\nCan someone please tell me why minutes that emanated from a Rate Statement, Financial Projections and a 90- minute Press Conference by the FED chair Janet Yellen, that were seen clearly as DOVISH, turn out a couple of weeks later to read as HAWKISH?\r\n\r\nThis is why a lot of new traders get switched off from the Forex Market. It is what it is, a fecked up collection of market makers, with the attention span and memory of a gnat. These people couldn’t organize a piss-up in a brewery. At times this is just total bollo**s.\r\n\r\nI tweeted PREMIUM SERVICE subscribers not to get suckered one way or the other and to expect a collection of knee-jerk reactions to the release of the minutes, and, basically that was what happened after the USD bulls finally got their way.\r\n\r\nThe crazy thing from my perspective is FED policy is NOT something that changes like the direction of the wind. It is similar to Moses returning from the mountain with the 10 commandments in tablets of stone. They will raise rates…. period. They have to because of credibility. If they feck up and have to reduce again so be it. All this fuss about timing is now so drawn out with speculation and it has created so much uncertainty it is now just boring to watch CNBC / BLOOMBERG anymore.\r\n\r\nIn any event a rate hike is coming. It could still come in June. DO NOT rule out anything if we get two months of good data the FED may say “feck it, what the hell lets do it now and if we have to chop it back to boost the fall / Christmas market so be it”.\r\n\r\n<span style=\"text-decoration: underline;\">GEOPOLITICAL EVENTS:</span>\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\"> GREECE:</span></li>\r\n</ol>\r\nSo the Tsipras regime paid the IMF. I did not see that coming, but, there are much bigger amounts due in the next 30 days as I wrote about last week, so this story is far from over.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\"> OIL – YEMEN – IRAN:</span></li>\r\n</ol>\r\nThis is just getting messier by the day. I cannot see an end game here in the short-term.\r\n<ol start=\"3\">\r\n	<li><span style=\"text-decoration: underline;\"> OVERVIEW:</span></li>\r\n</ol>\r\nBeing a FUNDAMENTAL trader first then technical, the tensions around the EUROZONE and MIDDLE-EAST are playing havoc with my longer-term thoughts. I am finding it very hard to be anything other than a 30-minute trader at present. There is so much that could just implode and screw up day-swing trade potential set-ups, I am starting to view pullbacks as potential reversal patterns.\r\n\r\nI am receiving lots of comments from subscribers about basically a “GBAB ‘N GO” approach to Forex trading. Whilst I am not, or do not consider myself this type of trader, I certainly wasn’t in 2014…am I getting this way in 2015?\r\n\r\nBeing totally honest the number of scalping 15-25 pip trades have increased dramatically year over year.\r\n\r\nNo matter what, the geopolitical events around the world have to be taken into consideration if you are seriously looking to trade beyond a day trade.\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</span><span style=\"text-decoration: underline;\">(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to </span><a href=\"http://www.forexfasctory.com\">www.forexfasctory.com</a><span style=\"text-decoration: underline;\"> and </span><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><span style=\"text-decoration: underline;\"> for more comprehensive lists of all news events that are Forex related).</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: N/A.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – Core Retail Sales, PPi &amp; Retail Sales Data..\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: EUR – ECB Press Conference.\r\nWEDNESDAY: CAD – BOC Rate Statement and Press Conference.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: AUD – Employment Data\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD – CPi and Core CPi Data.\r\nFRIDAY: USD – CPi and Core CPi Data.\r\n\r\n<span style=\"text-decoration: underline;\">MY THOUGHTS:</span>\r\n\r\nIt is a big week for news. There is a nice spread of items that have my attention.\r\n\r\nHaving had withdrawal symptoms from the ECB shifting away from monthly Press Conferences it will be great to see “old shifty” back in the hot seat. I will be looking forward to his comments related to GREECE. It should be pretty comfortable with the EUR/USD exchange rate how it sits at the moment, so maybe a low-key event is on the horizon…yeah right!\r\n\r\nThe Retail Sales and CPi data from the U.S. and Canada will be eagerly awaited, as this will direct central bank policy.\r\n\r\nAussie employment should be interesting with the mix between full and part-time ratios and the dairy prices usually have an impact on the Kiwi.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">CHINA and HONG KONG BROKERAGES:</span>\r\n\r\nThis made the headlines recently but I omitted to mention this in my blog. It will be rectified now.\r\n\r\nRegulations between access to the HONK KONG market and CHINA have changed about being able to trade these markets based on location. Also the numbers of new broker accounts being opened in China is staggering. Over one million new accounts each week. I could not obtain confirmation on the number of FX versus EQUITIES accounts but would say the overwhelming number would be equity accounts.\r\n\r\nThis will be behind the rallies in Shanghai and Hong Kong, because all retail buyers do is buy. We have a new Chinese army of stock buyers without knowledge, training or experience on a buying spree of stocks. Freaky and scary… bear this in mind.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">FOREX MARKET CONDITIONS:</span>\r\n\r\nSubscribers to the PREMIUM SERVICE will know that about 1.00-2.00AM (EDT) on Friday morning last week I aggressively placed protective stops across the LIVE trades at that time basically covering all trades. Looking at the Forex market at that time I noted the following: -\r\n<ul>\r\n	<li>GOLD – strong</li>\r\n	<li>USD (DXY) – strong</li>\r\n	<li>S&amp;P Futures – up</li>\r\n	<li>JPY – strong</li>\r\n	<li>European futures – very strong</li>\r\n	<li>U.S. 10-year bonds - strong</li>\r\n</ul>\r\nIn my opinion at that time something had to give, as it just did not read right. I was simply not prepared to go back to sleep and have a potential European squeeze take place and have me awaken to negative positions across the board on a Friday that would potentially be extremely difficult to exit. I would have either had to have taken losses or sit through the weekend, with the backdrop of geopolitical events hanging over me. No thanks. I banked $$$ and had a good night’s sleep.\r\n\r\nMy purpose for writing this is that as traders, we are all faced with these dilemmas; some traders will just blow their accounts, refill them and start again. Been there, done that,got the T-shirt, made the video…never again.\r\n\r\nIt is never a bad thing to bank $$$. To try and be a clever fecker sitting in trades with the risk of giving $$$ back to your broker does not make sense to me, in particular with today’s markets.\r\n\r\nAs most of you know, I took a big hit on the GBP/CHF on the SNB Peg removal day. I am now never, to the very best of my abilities giving too much back to the brokers again…ever.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">FOREX LIQUIDITY:</span>\r\n\r\nI read in the Financial Times last week that the Forex Market, which is now a USD$5.3 trillion a day on average marketplace, has a problem (Over the past few weeks I have been moaning about too many squeezes and weird market trading conditions).\r\n\r\nIt appears the mechanics of the market have been drawn into question. Is there a decline, or cyclical decline in Forex trading? I would say that it was noted recently that some of the banks who traded Forex were cutting back after taking some heavy losses.\r\n\r\nWithout doubt greater regulation in the banking industry is weeding out the “under the counter cheating” that took place and is becoming very quickly a trait of the past. I know for a fact that thousands of retail traders left after the SNB. Over leveraged accounts were wiped out.\r\n\r\nWithout doubt we see much larger volatile moves and if you are caught the wrong way it can be very painful.\r\n\r\nTo cover this volatility many of the banks have widened the spreads offered to their supporting brokers. This has resulted in many retail traders closing their accounts and no longer trading FOREX. Without doubt if banks lose money they will protect themselves and they will have a lower risk appetite. I think I wrote that in February this year daily volumes compared with January were lower by 16%. This is a significant number.\r\n\r\nAs if we do not have enough to consider, we now have a permanent liquidity fear if one of the major FX banks is absent from the market for a few moments…. just brilliant… just great.\r\n\r\nForex trading is an evolving market and is going through changes. All we can do is get the head down, look for high probability trades, set the best stops we can based on our RISK TOLERANCES and trade.\r\n\r\nLike so many of you, I still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky / changing conditions, so I am obviously delighted. It is much harder than last year but we still move forwards despite all that is thrown in our direction.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>WHERE NEXT FOR THE DXY?\r\n</strong>(DXY the USD Index closed last Friday at 99.33)</p>\r\nWhat a difference interpretation makes on basically the same information.\r\n\r\nAt the March FOMC meeting, and with a subsequent statement, supporting charts and graphs plus FED Chair Yellen’s 90-minute press conference, the market viewed all things USD as DOVISH.\r\n\r\nA few weeks later the minutes of the two-day FOMC meeting are released and they are viewed as HAWKISH.\r\n\r\nWhat has changed?\r\n\r\nBugger all as far as I can see. The FED monetary policy has been pretty consistent, I know we are not helped with the fact that many local state FED governors keep mouthing off their own opinions to confuse the crap out of Wall Street and the Chicago pits. Guess what…? They are just brilliant at doing that. It may not be in a FED governor’s job specification to confuse the crap out of the market but they know they do it and they persist. It’s just a game, and a game with very high stakes all the same.\r\n\r\nThe markets appear to not be able to read what is actually written and place that in the brain for future reference.\r\n\r\nPart of this game is that Wall Street expects Janet Yellen to say on June 21<sup>st</sup> at 10.00AM interest rates will be increased by 0.25%. This is just the same as CNN trying to gain knowledge of U.S. troop tactics in a war zone, air them on TV and then wonder why so many U.S. soldiers die in combat, then they blame the government.\r\n\r\nAll we have right now as far as I can see is speculation over the date / timing of the FED rate hike. I believe the market now accepts what the FOMC have been stating for a few meetings now that there will be a rate hike in 2015. At least that is a step forward. So it’s just a case of, is it before the summer in June or after the summer in September.\r\n\r\nCNBC and BLOOMBERG are now in overdrive about a strong USD and the date of the rate hike.\r\n\r\nBetween now and the eventual rate hike what about the USD (DXY), where will it go?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015.png\"><img class=\"aligncenter size-large wp-image-5716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015-1024x448.png\" alt=\"USD (DXY) 12042015\" width=\"1024\" height=\"448\" /></a>\r\n\r\n&nbsp;\r\n\r\nFrom the chart above you can see that I am merely looking at the recent pattern of bull flag formations and continuing them forwards. The last measured move targets between 102.00 and 103.00. It will be very, very ambitious if we get to these levels but never rule anything out.\r\n\r\nFrom a Forex Trading perspective where for example does a DXY reading of 102.00 bring us in relation to the USD majors?\r\n\r\nThis is not an exact science but a move of about 220 in the DXY could have the following effect assuming all pairs tow the line…\r\n<ul>\r\n	<li>EUR/USD      1.0200 – 1.0300</li>\r\n	<li>GBP/USD      1.4100 – 1.4200</li>\r\n	<li>AUD/USD      0.7000 – 0.7100</li>\r\n	<li>NZD/USD      0.6800 – 0.7000</li>\r\n	<li>USD/CAD      1.3000 – 1.3200</li>\r\n	<li>USD/CHF      1.0200 – 1.0300</li>\r\n</ul>\r\nThese are big moves, but they are potentially what could happen if the DXY breaks higher to 102.00. Beyond 102.00 to 103.00 we would see the EUR/USD at parity or below.\r\n\r\nMaybe some of the recent calls on sub-parity for the EUR/USD are not so far off the mark?\r\n\r\nTime will tell. The other side of this article though is what happens once we reach 102.00 or 103.00? Do we consolidate or fall back to re-test 100.00? That is another article.\r\n\r\nJust bear in mind what could happen should the DXY break out above 100.00 in style!!\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 226 trades cost to trade = $22.60\r\n<strong>PROFIT</strong> from 226 trades = $324.90</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 226 trades cost to trade = $226.00\r\n<strong>PROFIT</strong> from 226 trades = $3,249.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 226 trades cost to trade = $2,226.00\r\n<strong>PROFIT</strong> from 226 trades = $32,490.00</p>\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong><span style=\"color: #0000ff;\"><span style=\"text-decoration: underline;\">PLEASE NOTE:</span></span></strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"color: #0000ff;\">If this sort of risk/reward income opportunity interests you:</span></strong>\r\n<strong><span style=\"color: #0000ff;\">To join the PREMIUM SERVICE at the introductory level subscribe to the initial</span></strong>\r\n<strong><span style=\"color: #0000ff;\">4 week subscription and receive a 5<sup>th</sup> week FREE!!</span></strong>\r\n<strong><span style=\"color: #0000ff;\">See the PROMOTIONS tab on my landing page at</span></strong>\r\n<strong><span style=\"color: #0000ff;\">www.weeklyfxdrivrethru.com</span></strong></p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\"><img class=\"aligncenter size-full wp-image-5718\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\" alt=\"PROFIT-LOSS RATIO 12042015\" width=\"410\" height=\"581\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\"><img class=\"aligncenter size-full wp-image-5717\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\" alt=\"RISK-REWARD 12042015\" width=\"427\" height=\"539\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\"><img class=\"aligncenter size-full wp-image-5719\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\" alt=\"PREM SERV PROFITS 1 12042015\" width=\"461\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\"><img class=\"aligncenter size-full wp-image-5720\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\" alt=\"REM SERV PROFITS 2 12042015\" width=\"465\" height=\"426\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE CONCLUSION - MY FINAL THOUGHTS:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:</span>\r\n\r\nWe have a lot of geopolitical news hanging around and whilst this will not directly feature minute by minute this week, as traders we must not forget to be conscious of these events.\r\n\r\nWe will be constantly reminded about OIL, but maybe not so much about the middle-east tensions that can swing a market one way and then the other very quickly.\r\n\r\nGREECE will hold the attention of the EUROZONE, this story is by no means over yet, in fact, it has only just really started. I am tired of hearing that GREECE is so small it doesn’t matter, this is complete bulls**t, the financial ramifications of a GREXIT or DEFAULT will be far reaching. Just remember what happened with Dubai and Cyprus, both tiny places but as they were financial centres they caused problems. I am not saying that GREECE is a financial centre, but it is a EUROZONE union member with a lot of its finances integrated into other EUROZONE countries and the ECB. Of course it will have an effect.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day nowadays.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 12th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<span style=\"text-decoration: underline;\">TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any do.','WHERE NEXT FOR THE DXY?','','publish','open','closed','','where-next-for-the-dxy','','','2015-04-12 06:25:31','2015-04-12 11:25:31','',0,'https://weeklyfxdrivethru.com/?p=5753',0,'post','',0),(5754,1,'2015-04-11 12:14:13','2015-04-11 17:14:13','<p style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>The Home of Single-Lot Trading\r\n</strong><strong>from\r\n</strong><strong>THE WEEKLY FX DRIVE THRU\r\n</strong><strong style=\"line-height: 1.5;\">www.weeklyfxdrivethru.com</strong></p>\r\n<strong>DATE: 12.04.2015\r\nREFERENCE: #148\r\n</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION - MY OVERVIEW OF THE FOREX MARKET:</strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</span>\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">RBA – RATE STATEMENT:</span>\r\n\r\nSurprise decision or not the RBA left interest rates unchanged last week. These buggers at the RBA are really reaping havoc on my shorter to medium term views of my TRADING PLAN. This is creating additional trading stress that I do not want or like to have.\r\n\r\nMy longer-term view is that the AUD/USD is going sub 0.7000. There are times when the market has me so frustrated that I feel like just opening an additional broker account to set-up a number of entries, place them LIVE, and then, take a look once a month at where I stand, and, add to positions and move stops on a monthly basis. These would be true FUNDAMENTAL longer-term trades, an account free from the noise and chop fest that we appear to be suffering all the time now. There’s a thought, and maybe something I should have done at the beginning of 2015.\r\n\r\nI digress, market makers had to reset their short to medium term outlook on the AUD overall and it was only through relentless USD buying on Thursday through Friday last week that AUD/USD started to fall again after a number of up days following the Rate announcement. In my opinion the jury is out on the short-term moves with the AUD, however, having just said that, bigger moves will take place from which the AUD will just follow like a good little puppy.\r\n\r\n<span style=\"text-decoration: underline;\">FOMC MEETING MINUTES:</span>\r\n\r\nCan someone please tell me why minutes that emanated from a Rate Statement, Financial Projections and a 90- minute Press Conference by the FED chair Janet Yellen, that were seen clearly as DOVISH, turn out a couple of weeks later to read as HAWKISH?\r\n\r\nThis is why a lot of new traders get switched off from the Forex Market. It is what it is, a fecked up collection of market makers, with the attention span and memory of a gnat. These people couldn’t organize a piss-up in a brewery. At times this is just total bollo**s.\r\n\r\nI tweeted PREMIUM SERVICE subscribers not to get suckered one way or the other and to expect a collection of knee-jerk reactions to the release of the minutes, and, basically that was what happened after the USD bulls finally got their way.\r\n\r\nThe crazy thing from my perspective is FED policy is NOT something that changes like the direction of the wind. It is similar to Moses returning from the mountain with the 10 commandments in tablets of stone. They will raise rates…. period. They have to because of credibility. If they feck up and have to reduce again so be it. All this fuss about timing is now so drawn out with speculation and it has created so much uncertainty it is now just boring to watch CNBC / BLOOMBERG anymore.\r\n\r\nIn any event a rate hike is coming. It could still come in June. DO NOT rule out anything if we get two months of good data the FED may say “feck it, what the hell lets do it now and if we have to chop it back to boost the fall / Christmas market so be it”.\r\n\r\n<span style=\"text-decoration: underline;\">GEOPOLITICAL EVENTS:</span>\r\n<ol>\r\n	<li><span style=\"text-decoration: underline;\"> GREECE:</span></li>\r\n</ol>\r\nSo the Tsipras regime paid the IMF. I did not see that coming, but, there are much bigger amounts due in the next 30 days as I wrote about last week, so this story is far from over.\r\n<ol start=\"2\">\r\n	<li><span style=\"text-decoration: underline;\"> OIL – YEMEN – IRAN:</span></li>\r\n</ol>\r\nThis is just getting messier by the day. I cannot see an end game here in the short-term.\r\n<ol start=\"3\">\r\n	<li><span style=\"text-decoration: underline;\"> OVERVIEW:</span></li>\r\n</ol>\r\nBeing a FUNDAMENTAL trader first then technical, the tensions around the EUROZONE and MIDDLE-EAST are playing havoc with my longer-term thoughts. I am finding it very hard to be anything other than a 30-minute trader at present. There is so much that could just implode and screw up day-swing trade potential set-ups, I am starting to view pullbacks as potential reversal patterns.\r\n\r\nI am receiving lots of comments from subscribers about basically a “GBAB ‘N GO” approach to Forex trading. Whilst I am not, or do not consider myself this type of trader, I certainly wasn’t in 2014…am I getting this way in 2015?\r\n\r\nBeing totally honest the number of scalping 15-25 pip trades have increased dramatically year over year.\r\n\r\nNo matter what, the geopolitical events around the world have to be taken into consideration if you are seriously looking to trade beyond a day trade.\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:\r\n</span><span style=\"text-decoration: underline;\">(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to </span><a href=\"http://www.forexfasctory.com\">www.forexfasctory.com</a><span style=\"text-decoration: underline;\"> and </span><a href=\"http://www.tradingeconomics.com\">www.tradingeconomics.com</a><span style=\"text-decoration: underline;\"> for more comprehensive lists of all news events that are Forex related).</span>\r\nSUNDAY: N/A.\r\n\r\nMONDAY: N/A.\r\n\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – Core Retail Sales, PPi &amp; Retail Sales Data..\r\nTUESDAY: CNY – GDP.\r\n\r\nWEDNESDAY: EUR – ECB Press Conference.\r\nWEDNESDAY: CAD – BOC Rate Statement and Press Conference.\r\nWEDNESDAY: NZD – Dairy Auction Prices.\r\nWEDNESDAY: AUD – Employment Data\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: CAD – CPi and Core CPi Data.\r\nFRIDAY: USD – CPi and Core CPi Data.\r\n\r\n<span style=\"text-decoration: underline;\">MY THOUGHTS:</span>\r\n\r\nIt is a big week for news. There is a nice spread of items that have my attention.\r\n\r\nHaving had withdrawal symptoms from the ECB shifting away from monthly Press Conferences it will be great to see “old shifty” back in the hot seat. I will be looking forward to his comments related to GREECE. It should be pretty comfortable with the EUR/USD exchange rate how it sits at the moment, so maybe a low-key event is on the horizon…yeah right!\r\n\r\nThe Retail Sales and CPi data from the U.S. and Canada will be eagerly awaited, as this will direct central bank policy.\r\n\r\nAussie employment should be interesting with the mix between full and part-time ratios and the dairy prices usually have an impact on the Kiwi.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">CHINA and HONG KONG BROKERAGES:</span>\r\n\r\nThis made the headlines recently but I omitted to mention this in my blog. It will be rectified now.\r\n\r\nRegulations between access to the HONK KONG market and CHINA have changed about being able to trade these markets based on location. Also the numbers of new broker accounts being opened in China is staggering. Over one million new accounts each week. I could not obtain confirmation on the number of FX versus EQUITIES accounts but would say the overwhelming number would be equity accounts.\r\n\r\nThis will be behind the rallies in Shanghai and Hong Kong, because all retail buyers do is buy. We have a new Chinese army of stock buyers without knowledge, training or experience on a buying spree of stocks. Freaky and scary… bear this in mind.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">FOREX MARKET CONDITIONS:</span>\r\n\r\nSubscribers to the PREMIUM SERVICE will know that about 1.00-2.00AM (EDT) on Friday morning last week I aggressively placed protective stops across the LIVE trades at that time basically covering all trades. Looking at the Forex market at that time I noted the following: -\r\n<ul>\r\n	<li>GOLD – strong</li>\r\n	<li>USD (DXY) – strong</li>\r\n	<li>S&amp;P Futures – up</li>\r\n	<li>JPY – strong</li>\r\n	<li>European futures – very strong</li>\r\n	<li>U.S. 10-year bonds - strong</li>\r\n</ul>\r\nIn my opinion at that time something had to give, as it just did not read right. I was simply not prepared to go back to sleep and have a potential European squeeze take place and have me awaken to negative positions across the board on a Friday that would potentially be extremely difficult to exit. I would have either had to have taken losses or sit through the weekend, with the backdrop of geopolitical events hanging over me. No thanks. I banked $$$ and had a good night’s sleep.\r\n\r\nMy purpose for writing this is that as traders, we are all faced with these dilemmas; some traders will just blow their accounts, refill them and start again. Been there, done that,got the T-shirt, made the video…never again.\r\n\r\nIt is never a bad thing to bank $$$. To try and be a clever fecker sitting in trades with the risk of giving $$$ back to your broker does not make sense to me, in particular with today’s markets.\r\n\r\nAs most of you know, I took a big hit on the GBP/CHF on the SNB Peg removal day. I am now never, to the very best of my abilities giving too much back to the brokers again…ever.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">FOREX LIQUIDITY:</span>\r\n\r\nI read in the Financial Times last week that the Forex Market, which is now a USD$5.3 trillion a day on average marketplace, has a problem (Over the past few weeks I have been moaning about too many squeezes and weird market trading conditions).\r\n\r\nIt appears the mechanics of the market have been drawn into question. Is there a decline, or cyclical decline in Forex trading? I would say that it was noted recently that some of the banks who traded Forex were cutting back after taking some heavy losses.\r\n\r\nWithout doubt greater regulation in the banking industry is weeding out the “under the counter cheating” that took place and is becoming very quickly a trait of the past. I know for a fact that thousands of retail traders left after the SNB. Over leveraged accounts were wiped out.\r\n\r\nWithout doubt we see much larger volatile moves and if you are caught the wrong way it can be very painful.\r\n\r\nTo cover this volatility many of the banks have widened the spreads offered to their supporting brokers. This has resulted in many retail traders closing their accounts and no longer trading FOREX. Without doubt if banks lose money they will protect themselves and they will have a lower risk appetite. I think I wrote that in February this year daily volumes compared with January were lower by 16%. This is a significant number.\r\n\r\nAs if we do not have enough to consider, we now have a permanent liquidity fear if one of the major FX banks is absent from the market for a few moments…. just brilliant… just great.\r\n\r\nForex trading is an evolving market and is going through changes. All we can do is get the head down, look for high probability trades, set the best stops we can based on our RISK TOLERANCES and trade.\r\n\r\nLike so many of you, I still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.\r\n\r\nThe PREMIUM SERVICE still moves forward in these sticky / changing conditions, so I am obviously delighted. It is much harder than last year but we still move forwards despite all that is thrown in our direction.\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> WHAT’S ON MY MIND: -\r\nTHE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>WHERE NEXT FOR THE DXY?\r\n</strong>(DXY the USD Index closed last Friday at 99.33)</p>\r\nWhat a difference interpretation makes on basically the same information.\r\n\r\nAt the March FOMC meeting, and with a subsequent statement, supporting charts and graphs plus FED Chair Yellen’s 90-minute press conference, the market viewed all things USD as DOVISH.\r\n\r\nA few weeks later the minutes of the two-day FOMC meeting are released and they are viewed as HAWKISH.\r\n\r\nWhat has changed?\r\n\r\nBugger all as far as I can see. The FED monetary policy has been pretty consistent, I know we are not helped with the fact that many local state FED governors keep mouthing off their own opinions to confuse the crap out of Wall Street and the Chicago pits. Guess what…? They are just brilliant at doing that. It may not be in a FED governor’s job specification to confuse the crap out of the market but they know they do it and they persist. It’s just a game, and a game with very high stakes all the same.\r\n\r\nThe markets appear to not be able to read what is actually written and place that in the brain for future reference.\r\n\r\nPart of this game is that Wall Street expects Janet Yellen to say on June 21<sup>st</sup> at 10.00AM interest rates will be increased by 0.25%. This is just the same as CNN trying to gain knowledge of U.S. troop tactics in a war zone, air them on TV and then wonder why so many U.S. soldiers die in combat, then they blame the government.\r\n\r\nAll we have right now as far as I can see is speculation over the date / timing of the FED rate hike. I believe the market now accepts what the FOMC have been stating for a few meetings now that there will be a rate hike in 2015. At least that is a step forward. So it’s just a case of, is it before the summer in June or after the summer in September.\r\n\r\nCNBC and BLOOMBERG are now in overdrive about a strong USD and the date of the rate hike.\r\n\r\nBetween now and the eventual rate hike what about the USD (DXY), where will it go?\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015.png\"><img class=\"aligncenter size-large wp-image-5716\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/USD-DXY-12042015-1024x448.png\" alt=\"USD (DXY) 12042015\" width=\"1024\" height=\"448\" /></a>\r\n\r\n&nbsp;\r\n\r\nFrom the chart above you can see that I am merely looking at the recent pattern of bull flag formations and continuing them forwards. The last measured move targets between 102.00 and 103.00. It will be very, very ambitious if we get to these levels but never rule anything out.\r\n\r\nFrom a Forex Trading perspective where for example does a DXY reading of 102.00 bring us in relation to the USD majors?\r\n\r\nThis is not an exact science but a move of about 220 in the DXY could have the following effect assuming all pairs tow the line…\r\n<ul>\r\n	<li>EUR/USD      1.0200 – 1.0300</li>\r\n	<li>GBP/USD      1.4100 – 1.4200</li>\r\n	<li>AUD/USD      0.7000 – 0.7100</li>\r\n	<li>NZD/USD      0.6800 – 0.7000</li>\r\n	<li>USD/CAD      1.3000 – 1.3200</li>\r\n	<li>USD/CHF      1.0200 – 1.0300</li>\r\n</ul>\r\nThese are big moves, but they are potentially what could happen if the DXY breaks higher to 102.00. Beyond 102.00 to 103.00 we would see the EUR/USD at parity or below.\r\n\r\nMaybe some of the recent calls on sub-parity for the EUR/USD are not so far off the mark?\r\n\r\nTime will tell. The other side of this article though is what happens once we reach 102.00 or 103.00? Do we consolidate or fall back to re-test 100.00? That is another article.\r\n\r\nJust bear in mind what could happen should the DXY break out above 100.00 in style!!\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>\r\n\r\nFor new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\"><img class=\"aligncenter size-full wp-image-5668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png\" alt=\"PS SUBSCRIPTION COSTS 05042015\" width=\"380\" height=\"473\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\r\n\r\n(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:\r\n\r\n</span>\r\n<p style=\"text-align: center;\">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 226 trades cost to trade = $22.60\r\n<strong>PROFIT</strong> from 226 trades = $324.90</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 226 trades cost to trade = $226.00\r\n<strong>PROFIT</strong> from 226 trades = $3,249.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 226 trades cost to trade = $2,226.00\r\n<strong>PROFIT</strong> from 226 trades = $32,490.00</p>\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong><span style=\"color: #0000ff;\"><span style=\"text-decoration: underline;\">PLEASE NOTE:</span></span></strong></p>\r\n<p style=\"text-align: center;\"><strong><span style=\"color: #0000ff;\">If this sort of risk/reward income opportunity interests you:</span></strong>\r\n<strong><span style=\"color: #0000ff;\">To join the PREMIUM SERVICE at the introductory level subscribe to the initial</span></strong>\r\n<strong><span style=\"color: #0000ff;\">4 week subscription and receive a 5<sup>th</sup> week FREE!!</span></strong>\r\n<strong><span style=\"color: #0000ff;\">See the PROMOTIONS tab on my landing page at</span></strong>\r\n<strong><span style=\"color: #0000ff;\">www.weeklyfxdrivrethru.com</span></strong></p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\"><img class=\"aligncenter size-full wp-image-5718\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-12042015.png\" alt=\"PROFIT-LOSS RATIO 12042015\" width=\"410\" height=\"581\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\"><img class=\"aligncenter size-full wp-image-5717\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-12042015.png\" alt=\"RISK-REWARD 12042015\" width=\"427\" height=\"539\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.4 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\"><img class=\"aligncenter size-full wp-image-5719\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-1-12042015.png\" alt=\"PREM SERV PROFITS 1 12042015\" width=\"461\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\"><img class=\"aligncenter size-full wp-image-5720\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-2-12042015.png\" alt=\"REM SERV PROFITS 2 12042015\" width=\"465\" height=\"426\" /></a>\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 - EDUCATION:\r\n</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.)\r\n\r\n<span style=\"text-decoration: underline;\">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n\r\n</span></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE CONCLUSION - MY FINAL THOUGHTS:</span></strong></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry...one less thing to worry about!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:</span>\r\n\r\nWe have a lot of geopolitical news hanging around and whilst this will not directly feature minute by minute this week, as traders we must not forget to be conscious of these events.\r\n\r\nWe will be constantly reminded about OIL, but maybe not so much about the middle-east tensions that can swing a market one way and then the other very quickly.\r\n\r\nGREECE will hold the attention of the EUROZONE, this story is by no means over yet, in fact, it has only just really started. I am tired of hearing that GREECE is so small it doesn’t matter, this is complete bulls**t, the financial ramifications of a GREXIT or DEFAULT will be far reaching. Just remember what happened with Dubai and Cyprus, both tiny places but as they were financial centres they caused problems. I am not saying that GREECE is a financial centre, but it is a EUROZONE union member with a lot of its finances integrated into other EUROZONE countries and the ECB. Of course it will have an effect.\r\n\r\nI am not 100% clear how the EUR/USD will react to any news regarding GREECE. The market is weird at times and knee-jerk reactions are very much the order of the trading day nowadays.\r\n\r\nGeopolitical news is often very black and white but we seem of late to be moving in shades of grey…be thankful I did not refer to the number of shades!!\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.\r\nIT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday April 12th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<span style=\"text-decoration: underline;\">TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any do.','WHERE NEXT FOR THE DXY?','','inherit','open','closed','','5753-revision-v1','','','2015-04-11 12:14:13','2015-04-11 17:14:13','',5753,'https://weeklyfxdrivethru.com/5753-revision-v1/',0,'revision','',0),