<h3 style="text-align: center;"><strong>THE PREMIUM SERVICE
</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>
<h4><strong>DATE: 01.03.2015
REFERENCE: #141
</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong></h4>
<ol>
	<li><strong><span style="text-decoration: underline;"> INTRODUCTION / LOOKING BACK OVER THE PAST WEEK:</span></strong></li>
</ol>
The Greek Tragedy played out early in the week with the EUROGROUP doing what they had to do by accepting the Greek governments proposals for an extension of 4 months to the existing credit line. Make no mistake, like a lot of people, I am fully expecting the GREEK BAILOUT ACT III to start around June this year.

I was suckered on Tuesday with Janet Yellens’s testimony and entered en mass nearly all my favourite commodity cross-rates long… and… I am still in them. For the past 48 hours they have in fact just moved sideways, there has not been too much movement. I have all my commodity cross-rate trades in a separate account so that they do not distract me from any other trades on my main screen. So all I do is look at them once or twice a day and look at the net $$$ position. It has not really changed much since Wednesday’s close of business.

The other big news of the week was the U.S.$ index (DXY) breaking out on Thursday on the back of good CPi data.

These markets take no prisoners at all. In the early European session the DXY hit trend line support, I have no doubt that traders were lining up to be dollar bears as it approached support. After the data release it leaped up and didn’t just hit trend line resistance it broke through. I can imagine the $ bears were left swearing and cursing at their terminals. On Thursday we closed above the breakout level and held.

Then on Friday, we had great GDP data which consolidated the move higher from which we broke lower on really poor housing and Chicago PMi numbers, only to bounce of the trend line and move higher. If the DXY is rallying on poor data this is something to hold on to and remember. This in itself for some traders is enough to keep them a USD bull.

The weekly DXY close is shown on the chart below.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/USD-DXY-SECTION-1-in-BLOG-01032015.png"><img class="aligncenter size-large wp-image-5383" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/USD-DXY-SECTION-1-in-BLOG-01032015-1024x442.png" alt="USD DXY SECTION 1 in BLOG 01032015" width="1024" height="442" /></a>

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I am a USD bull, for reasons such as: -
<ul>
	<li>Central Bank divergences.</li>
	<li>S&amp;P approaching the 261.8% fib extension (pullback imminent in my opinion).</li>
	<li>JPY divergence.</li>
	<li>GOLD struggling to keep above the $1,200.00 level.</li>
	<li>OIL, although extremely choppy I do think is moving lower. Maybe not to $20 Citi forecast but at least a re-test of the recent lows and maybe a dip into the $30’s.</li>
	<li>Finally, the DXY has broken higher above a 29-year trend line and has extremely bullish looking chart formations. The Central Bank divergences between the FED and ECB are enough to keep me bullish the USD.</li>
</ul>
The markets are very range bound and will continue, in my opinion, to consolidate for a little while longer. The USD breakout is hard for market makers to understand. For basically a lifetime, they have been trading with a depressed weak currency and, more recently a safety blanket provided by the FED of keeping the markets heavily liquidated (QE) with low interest rates forcing investors to buy risk assets such as stocks to obtain a return. Both have now gone. We are in a transitory (love that word… if it’s good enough for Yellen and Draghi it’s good enough for me!) period.

This period of transition from QE (Quantitative Easing) to raising interest rates seems at times, when listening to analysts and guests on CNBC and Bloomberg, to be a period of dis-belief, it is weird. The FED will raise rates. This is a fact. The stock markets are supposed to be future pricing mechanisms, they know that it’s (rate rises) coming they just don't want to believe it as it will be the end of an era. So, the equity markets are really squeezing every last drop of juice out of the lemon before the inevitable hits.

I haven’t mentioned GREECE yet. No doubt next week they will announce that after receiving the bailout/loan extension they will want to fully negotiate their bailout deal as part of their election-winning mandate for the Greek people. As I wrote last week, the EUROGROUP v GREECE … IT’S NOT OVER YET. In my opinion this has NOT EVEN STARTED!! Happy fun days are ahead.

Like I said last week, I believe that we are going to have a period with a trending market for a little while as all the correlations should hopefully fall into place and line up correctly as equities fall back, which I believe they will do very soon.

As always, patience is the key.

&nbsp;
<ol start="2">
	<li><strong><span style="text-decoration: underline;"> WHAT’S ON MY MIND: -
THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>
</ol>
<p style="text-align: center;"><strong>DON’T BE CRAZY AND IGNORE USD STRENGTH…
</strong><strong>THE USD RALLY GOES ON</strong></p>
I referenced a few comments earlier with regards to the USD. I now want to expand my earlier comments with a few more thoughts.

There is something really building with the USD index (DXY). I have below 3 charts of the USD index (DXY). As usual I have kept the charts as clear and as simple as possible to follow.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/DXY-2.1-01032015.png"><img class="aligncenter size-large wp-image-5384" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/DXY-2.1-01032015-1024x454.png" alt="DXY 2.1 01032015" width="1024" height="454" /></a>

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The monthly chart above is very straightforward. It just shows the 29-year trend line that was broken in July 2014. Ever since that date the USD has been on the tear. One could argue that the sleeping giant has now awoken.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/DXY-2.2-01032015.png"><img class="aligncenter size-large wp-image-5385" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/DXY-2.2-01032015-1024x441.png" alt="DXY 2.2 01032015" width="1024" height="441" /></a>

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The purpose of this monthly chart is just to show that since the last high in 2002 to the lows in 2008 using a Fibonacci retracement we have just passed the 50% retracement level of that move at 94.60. The DXY closed last week just above a nice round number of 95.00 at 95.26 and the 61.8% retracement above 100.00 at 100.31 looms.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/DXY-2.3-01032015.png"><img class="aligncenter size-large wp-image-5386" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/DXY-2.3-01032015-1024x447.png" alt="DXY 2.3 01032015" width="1024" height="447" /></a>

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The purpose of this chart is just to drill down a little closer using a daily chart. It is very clear to see what an orderly move has taken place. It powers but it’s not explosive. Every substantial move higher has a period of consolidation in what is a bullish flag formation. I have drawn three bull flags on the move since July last year.

There is nothing FUNDAMENTAL in my mind that would stop this move continuing unless Janet Yellen at the FED decided to change U.S. Monetary Policy all of a sudden. The chances of that coming out of the “crash” are remote and in itself would probably send the U.S. economy into recession.

What does it all mean for Forex traders?

For months as a FUNDAMENTAL trader 80% of my trades within the PREMIUM SERVICE have all been slanted towards USD strength using Central Bank divergences to further support my trade set-ups.

I wrote the section below earlier in the blog…

<strong><span style="color: #0000ff;"><em>I am a USD bull, for reasons such as: -</em></span></strong>
<ul>
	<li><strong><span style="color: #0000ff;"><em>Central Bank divergences.</em></span></strong></li>
	<li><strong><span style="color: #0000ff;"><em>S&amp;P approaching the 261.8% fib extension (pullback imminent in my opinion).</em></span></strong></li>
	<li><strong><span style="color: #0000ff;"><em>JPY divergence.</em></span></strong></li>
	<li><strong><span style="color: #0000ff;"><em>GOLD struggling to keep above the $1,200.00 level.</em></span></strong></li>
	<li><strong><span style="color: #0000ff;"><em>OIL, although extremely choppy I do think is moving lower. Maybe not to $20 Citi forecast but at least a re-test of the recent lows and maybe a dip into the $30’s.</em></span></strong></li>
</ul>
<strong><span style="color: #0000ff;"><em>Finally, the DXY has broken higher above a 29-year trend line and has extremely bullish looking chart formations. The Central Bank divergences between the FED and ECB are enough to keep me bullish the USD.</em></span></strong>

With all this said what are the trades that I am looking at?

Firstly, if I truly believe that we are looking at DXY 100.00, and I think that this is a real possibility, so where does this move leave the USD majors?

In the past three years of writing THE WEEKLY FX DRIVE THRU I have talked a lot about inter-currency and inter-market correlations and divergences. These really do matter and are an important part of trading.

Personally the DXY move from the lows of around 70.00 to the present day of 95.00 has been orderly in my opinion and not explosive. (A good example of an explosive move would be parts of the BOJ/Abe/Kuroda QE move in the USD/JPY). To a large extent the easy move has been done. Markets see big round numbers as a tractor beam sucking them in towards it. I have no doubt that 100.00 has several algorithmic traders wetting their pants with excitement.

We may get an explosive move that is spurred on by the FED rate hike in June. I know, the markets are grabbing hard and hugging their security blankets really hard, but mother Janet may whip them away and push up rates only very modestly, but that would be enough in my opinion.

The point that I am going to make here is that with an explosive move I believe that all relationships / correlations whether via currency or markets will be 100% in sync.

If the Fed raises in the Autumn (Fall), we would see the continuation of the orderly move higher. This would allow for divergence to continue between currencies and markets. At the end of the day how we get there is irrelevant how we trade to get there is of greater importance.

Firstly with a USD index to 100.00, you have to be bullish the USD.

The best trades are in my opinion based around Central Bank divergence. The most obvious being: -
<p style="text-align: center;"><strong>ECB versus FED – EUR/USD short</strong>
<strong>RBA versus FED – AUD/USD short</strong>
<strong>FED versus SNB – USD/CHF long</strong>
<strong>BOE versus RBA – GBP/AUD long</strong></p>
Why complicate matters too much:

BOJ - There are heavy rumours that the BOJ QE program is ending.
RBNZ – They claim neutrality… hmmmn let’s run with that one!!
BOC – Poloz says recent rate hike is a one off… yeah right!!

There are 4 pairs above that represent trading with FUNDAMENTALS based off the back of Central Bank policies. Are you a big enough trader to take on the $$$ held by a Central Bank - of course not.

The 4 trades above are as stated based around Central Bank divergence, I am ignoring all the other noises…. keeping it dead simple for positional traders. Remember pairs do not move in straight lines. Look at longer-term charts to give you the overview of the moves, try if you can to ignore the charts under at least 240 minutes (4 hours).

What are the entry levels, targets and stop loss levels?

To get these you need to be a subscriber to the PREMIUM SERVICE (see section 3 of this blog for details).

Today, the PREMIUM SERVICE is LIVE in 3 of the 4 trading pairs highlighted above, but it is very much at the embryonic stages and it’s certainly not too late to establish a position. I am looking to re-enter the EUR/USD, after taking a small intra-day profit on Friday. For subscribers this trade and others are highlighted in section 4.4. of this blog.

The one thing about the Forex market is that there are always opportunities. You need to be patient at all times. As a predominantly position style FUNDAMENTAL TRADER I can spend a week or two with trades losing money waiting for my move to establish. Currencies never move in a straight line. Even though I have outlined trades based upon USD strength there will be days when you trade on USD weakness within a USD strength longer-term move. This is what, in my opinion, make Forex trading so interesting.

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<ol start="3">
	<li><strong><span style="text-decoration: underline;"> THE PREMIUM SERVICE:

<strong><span style="text-decoration: underline;">SUMMARY OF PERFORMANCE:</span></strong></span></strong></li>
</ol>
<span style="text-decoration: underline;">3.1 OVERVIEW:</span>

For 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.

<span style="text-decoration: underline;">3.2 PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>

Full details regarding the PREMIUM SERVICE can be found on my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

On 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.

THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -

10 weeks - $200.00
20 weeks - $350.00
40 weeks - $500.00

<span style="text-decoration: underline;">3.3.1. TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>

I have been struggling with trades quite a lot this year in comparison to last year. I am not quite sure what to attribute this to; was it: -
<ul>
	<li>The SNB peg removal that hit me hard with my FXCM GBP/CHF trade.</li>
	<li>The following week we had a day of three squeezes that rocked me as I was caught the wrong way.</li>
	<li>The week after there was another monster squeeze, which again caught me the wrong way.</li>
	<li>Then this week I was suckered like a “lamb to the slaughter“ on Yellen’s testimony. I read something as USD bullish it was in fact bearish.</li>
</ul>
I am not absolutely certain what it is. The PREMIUM SERVICE single lot trading account is healthy. My main trading account is lower due to the GBP/CHF trade and a couple of trades with greater position sizes that were closed in the squeezes detailed above.

The strange thing with regards to my trading patterns this year is that I am not making money from RADAR TRADES. This could be my source of some of my uncertainty with trading at the moment. Last year RADAR TRADES provided over $34,670.00 (STANDARD LOTS) in income from 175 trades (Average income per trade $198.11). This year so far RADAR TRADES have contributed a loss of $2,490.00 (STANDARD LOTS) from 39 trades (Average Loss per trade $63.84). I am not hanging around too much in the losing trades if you look at the profit / loss it’s about a ratio of 3:1 with last years profits versus this years losses so my decision making on when to take a loss is about normal.

I love a challenge, so I will be getting on top of this in the coming weeks.

Last week, I only closed a total of 8 trades; I carried forward my commodity cross-rate pairs, my standard commodity currency pairs and my CHF trades from last week into this coming week. In total 12 trades were carried forward. The trades closed this week were a net loss and this has been reflected in the totals on the excel spreadsheets below in section 3.3.3.

I am very comfortable with all trades even though the commodity crosses have not yet moved into profit. They are close to it given their volatile nature and the daily ATR (Average True Range). They normally play catch up after the majors have made their initial move. I had hoped that this would have occurred Thursday / Friday last week but alas not yet. I seem to write this a great deal at the moment being both positive and patient is really important.

I head into this week carrying forward 12 LIVE trades from last week and, as requested by one of my subscribers I will recode the FLASH TRADES that were entered into on Yellen’s testimony that are commodity cross rate pairs to FUNDAMENTAL TRADES. This will be done via email and or twitter. It makes sense to do this for your journals, however for me I have all my commodity cross rate pair set-ups placed with a separate broker away from my main accounts so that I can manage the returns and performance with this type of trade instantaneously.

Year to date the PREMIUM SERVICE trades, had you just traded single-lot trades would have given you profits from the 113 completed trades so far in 2015 as follows: -

MICRO LOT TRADERS:                 $218.20
MINI LOT TRADERS:                      $2,182.00
STANDARD LOT TRADERS:         $21,820.00

The usual summary charts detailing the week and year to date performances, are below: -

<span style="text-decoration: underline;">3.3.2. – PREMIUM SERVICE PROFIT/LOSS RATIOS:

</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-01032015.png"><img class="aligncenter size-full wp-image-5371" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-01032015.png" alt="PROFIT-LOSS RATIOS 01032015" width="422" height="601" /></a>

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<span style="text-decoration: underline;">3.3.3. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-01032015.png"><img class="aligncenter size-full wp-image-5372" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-01032015.png" alt="RISK-REWARD 01032015" width="432" height="558" /></a>

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<span style="text-decoration: underline;">3.3.4. – PREMIUM SERVICE FLASH TRADES PERFORMANCE FEBRUARY:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FLASH1-01032015.png"><img class="aligncenter size-full wp-image-5375" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FLASH1-01032015.png" alt="FLASH1 01032015" width="495" height="529" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FLASH2-01032015.png"><img class="aligncenter size-full wp-image-5376" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FLASH2-01032015.png" alt="FLASH2 01032015" width="504" height="528" /></a>

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<span style="text-decoration: underline;">3.3.5. – PREMIUM SERVICE FLASH TRADES PERFORMANCE YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FLASH-YTD-FEB-2015.png"><img class="aligncenter size-full wp-image-5377" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FLASH-YTD-FEB-2015.png" alt="FLASH YTD FEB 2015" width="348" height="380" /></a>

<span style="text-decoration: underline;">3.3.6. – PREMIUM SERVICE RADAR TRADES PERFORMANCE FEBRUARY:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RADAR1-01032015.png"><img class="aligncenter size-full wp-image-5378" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RADAR1-01032015.png" alt="RADAR1 01032015" width="557" height="483" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RADAR2-01032015.png"><img class="aligncenter size-full wp-image-5379" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RADAR2-01032015.png" alt="RADAR2 01032015" width="557" height="489" /></a>

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<span style="text-decoration: underline;">3.3.7. – PREMIUM SERVICE RADAR TRADES PERFORMANCE YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RADAR2-01032015.png"><img class="aligncenter size-full wp-image-5379" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RADAR2-01032015.png" alt="RADAR2 01032015" width="557" height="489" /></a>

<span style="text-decoration: underline;">3.3.8. – PREMIUM SERVICE FUNDAMENTAL TRADES PERFORMANCE FEBRUARY</span>:

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FUNDAMENTAL-01032015.png"><img class="aligncenter size-full wp-image-5381" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FUNDAMENTAL-01032015.png" alt="FUNDAMENTAL 01032015" width="511" height="521" /></a>

<span style="text-decoration: underline;">3.3.9. – PREMIUM SERVICE FUNDAMENTAL TRADES PERFORMANCE YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FUNDAMENTAL-YTD-FEB2015.png"><img class="aligncenter size-full wp-image-5382" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/FUNDAMENTAL-YTD-FEB2015.png" alt="FUNDAMENTAL YTD FEB2015" width="353" height="373" /></a>

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<span style="text-decoration: underline;">3.3.10. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-01032015.png"><img class="aligncenter size-full wp-image-5373" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-01032015.png" alt="PREM SERV PROFITS1 01032015" width="459" height="441" /></a>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-01032015.png"><img class="aligncenter size-full wp-image-5373" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-01032015.png" alt="PREM SERV PROFITS1 01032015" width="459" height="441" /></a>
<ol start="4">
	<li><strong><span style="text-decoration: underline;"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>
</ol>
(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)

<span style="text-decoration: underline;">4.1 EDUCATION:
</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.)

<span style="text-decoration: underline;">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>

<span style="text-decoration: underline;">4.3 THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>

<span style="text-decoration: underline;">4.4 POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>

<span style="text-decoration: underline;">4.5 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>

<span style="text-decoration: underline;">4.6 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style="text-decoration: underline;">:
</span></strong>(This content is now for PREMIUM SERVICE subscribers only, it allows me to refer to existing and future set-ups that form part of the PREMIUM SERVICE subscription)

&nbsp;
<ol start="5">
	<li><strong><span style="text-decoration: underline;"> THE WEEK AHEAD: -
WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>
</ol>
<span style="text-decoration: underline;">5.1 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>
SUNDAY: CNY – HSBC Final Manufacturing PMi.

MONDAY: GBP – Manufacturing PMi.
MONDAY: USD – ISM Manufacturing PMi.
MONDAY: AUD – Building Approvals &amp; RBA Rate Statement,

TUESDAY: GBP – Construction PMi.
TUESDAY: CAD – GDP.
TUESDAY: NZD – GDT Price Index.
TUESDAY: AUD – GDP.

WEDNESDAY: GBP – Services PMi.
WEDNESDAY: USD – ADP Non-Farm Employment Change.
WEDNESDAY: CAD – BOC Rate Statement.
WEDNESDAY: AUD – Retail Sales &amp; Trade Balance.

THURSDAY: GBP – Interest Rate.
THURSDAY: EUR – Interest Rate and Draghi Press Conference.
THURSDAY: CAD – IVEY PMi.

FRIDAY: CAD – Building Permits &amp; Trade Balance.
FRIDAY: USD – Non-Farm Employment Change and Trade Balance.

&nbsp;

<span style="text-decoration: underline;">5.2 FINAL THOUGHTS / CLOSING COMMENTS:</span>

It is a whopper of a week this week for news. There is a great deal of market moving news items, we should be ready for continued “chop”, but… this is the week we may break the ranges. Many of the currency pairs have been somewhat range bound recently, even though the limits of the ranges may have extended a little, we are still very much trading inside ranges. With all the front line news this week we have the chance to really break out with some big moves.

The pick of the news has to be: -

<strong>RBA - Rate Statement</strong>
<strong>CAD - Rate Statement</strong>
<strong>ECB - Press Conference</strong>
<strong>USD - Non-Farm Payrolls</strong>

As 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.
<p style="text-align: center;"><strong>Consistency = longevity in trading and that is a critical goal.
IT IS THE KEY MEASUREMENT</strong></p>
Before 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.

Take care.

Scott Pickering
The Pip Accumulator
Sunday March 1st 2015

EMAIL / FOLLOW ME AT:
drivethru@weeklyfxdrivethru.com
Twitter: @pipaccumulator
<span style="line-height: 1.5;">Google+/scottpickering
</span>Tumblr: thepipaccumulator

<strong><span style="text-decoration: underline;">DISCLAIMER &amp; OTHER DATA:</span></strong>

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<span style="text-decoration: underline;">TRADING &amp; PERFORMANCES DISCLAIMER:</span>

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.