(5546,1,'2015-03-21 15:18:29','2015-03-21 20:18:29','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>\r\n<strong>DATE: 22.03.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #52\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\n</span>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:\r\n\r\n<span style=\"text-decoration: underline;\">1.1. LOOKING BACKWARDS:</span>\r\n\r\nWell it never happened. My thoughts this time last week were that the FOMC would demolish the EUR/USD. It never happened, in fact, the responses to the statement, the economic projections and the press conference from my perspective were a little weird. So much pre announcement was levied at the “will she or won’t she” with regards to PATIENT, that a lot of what she did or did NOT say was left to one side. I found the statement a little DOVISH, however, at the end of the day, rate increases are still going to happen. Whilst the market has ruled out June in favor of September, nothing is cast in stone.\r\n\r\nSo I thought the reaction rather overkill and due to the fact we more than reversed the currency moves in the EUR/USD and GBP/USD within 24 hours demonstrated that. Some of the moves in particular the late EUR/USD spike to over 1.1000 was ridiculous… but it is what it is, or rather was what it was.\r\n\r\nThe SNB statement the following day was a damp squib in comparison although, if I recall correctly there were some fantastic currency moves around that time, which made up for the non-announcement.\r\n\r\nLast week was one of the craziest trading weeks that I have ever encountered as a Forex trader. If I had thought that the FOMC FX reaction was mad… it paled into complete insignificance with what came on Friday.\r\n\r\nFriday brought CAD core retail sales, from which a loss trade from the previous overnight moves turned nicely positive on weaker data. I was happy, and then we had a massive USD sell-off.\r\n\r\nWhat started as a focus on my USD/CAD trades turned into a full-blown 4.5-hour series of squeezes. The USD was taken to the woodshed with a huge USD sell-off and GOLD rally, plus a divergence rally move between the Nikkei (6J) and the USD/JPY in for good measure. All I could do was to reduce position sizes and move the odd stop here and there to keep the trades that I wanted alive, kept alive. Reducing position sizes created losses to my accounts.\r\n\r\nThe best I could do was look at my trading charts at the outset of the squeeze, and try to see where it would end.\r\n\r\nUsing the EUR/USD 240M chart I thought that the 38% fib retracement would hold, then, I thought the 50%, it was actually the 61.8% 1.0874 (from the post FOMC highs to the ensuing lows) that held the EUR/USD. It was pretty much the same Fibonacci level across the board that finally held most of the pairs.\r\n\r\nMy frustrations, if the above was not enough were of course further exacerbated as towards the end of the previous day I was in a position to bank some nice $$$ across the board and made the decision to try and let the trades run for more profits. Not only did I miss those $$$ I posted losses within 24 hours on those trades and some more.\r\n\r\nAll in all, it was a very frustrating and annoying end to the week. I seem to be in a one step forward, two steps backward routine at the moment. But this is the Forex Market.\r\n\r\n<span style=\"text-decoration: underline;\">1.2. LOOKING FORWARDS:</span>\r\n\r\nNext week, there are not as many high profile news events to contend with, just three Central Bank governors speak; Draghi, Yellen and Poloz. Hopefully, therefore we will have a more sedate trading week, gather our thoughts and breathe again with some nice directional trading. Yeah right… as if that’s going to happen… hell would freeze over first!\r\n\r\nWe have GREECE. Yup, GREECE is back in the picture again, God love them. “The two tieless flutes” (Tsipras and Varoufakis) will be back in Brussels, Berlin and Frankfurt next week trying to re-negotiate the nonnegotiable. If it looks like PIG, grunts like a PIG guess what it is? Whichever way I view the GREECE V EUROGROUP picture, everything is being done to make it look like its NOT a default but in essence it’s at best a restructuring of debt to avoid a default. This will all end in tears.\r\n\r\n<span style=\"text-decoration: underline;\">1.3. LOOKING SIDEWAYS (FOR GOOD MEASURE):\r\n</span>\r\n\r\nWe have had one hell of a ride trading Forex so far this year. This past week was without doubt one of the craziest weeks that I have ever traded, and, for the first part of the week I DID NOT trade much at all!… I was on hold waiting for the FOMC.\r\n\r\nI have spoken with several subscribers over the last few days and many feel like they have been beaten to a pulp, got back up again, then beaten down, back up and beaten down again. They scan TWITTER, GOOGLE+ and watch CNBC or BLOOMBERG to try to obtain a perspective. They find nothing other than “Happy Larry’s” saying buy, buy, buy and then buy some more. Nobody seems to lose money on Twitter either. Everyone appears to “Bottom Pick or Top Tick” the market. It is very depressing.\r\n\r\nI have given this response on more than 4 or 5 occasions referring to the media analysts and barrage of tweets on Twitter etc. who claim parts or most if not all of the following –\r\n\r\n<em>“I never lost money on that move, or the previous big spike or collapse that happened I was in the right way, this is what I made, and these were my entries and exits”</em>\r\n\r\nThis is what I have been saying…..\r\n\r\nIf you have been caught on the wrong side of major spikes and moves more than being on the right side - do not despair; everybody has to be on the wrong side sometimes. If they are never on the wrong side they either DO NOT trade or they are bullsh*****s.\r\n\r\nIf you are sick to the back teeth of the same people on twitter or hosting webinars saying how wonderful trading is and how much money they are making – do not despair; if they never lose money it’s bulls**t, or they simply just DO NOT trade, they are theorists and at best historians by saying look this is what I did.\r\n\r\nIf you see the same people over and over again boasting about nothing but being on the right side of every move – do not despair; either go to Vegas with them if you can, because they are the luckiest bastards around or take it as read they are bullsh*****s.\r\n\r\nWhen you see the same people on twitter or wherever that never lose money, and are always on the right side of very move, always at their machines when a squeeze starts and are in at the bottom of a move higher and out on every top tick – do not despair; they either wear depends, or they are not human; they are bullsh*****s\r\n\r\nIt’s all bulls**t…. there is a lot of bulls**t in Forex. It’s a part of Forex that you have to live with and ignore a lot of it.\r\n\r\nI take losses and I tell you about them in this blog and on twitter. I do the best that I can with the PREMIUM SERVICE to limit losses. I am in Forex for the long-haul and that means that from time to time your account does suffer but it does come back if you stick to your principles.\r\n\r\nMy own trading accounts are out of the money this year so far, mostly due to my FXCM (GBP/CHF) trade. However, not all my losses came from the SNB day, some are from the PREMIUM SERVICE trades where I took larger than single lot trades in my personal account and they failed to make a profit. This creates an imbalance between $$$ and pips profits or losses. This is due to the fact that the size of the trade can influence the $$$, so a small loss on a big position can outweigh a big pip profit move with a small position.\r\n\r\nTo illustrate this – if you have a profitable trade with one mini lot that makes 50 pips it could yield $50, however if you have a 5 mini lot trade that loses 20 pips that could yield a loss of $100 thus outweighing the bigger pip profit of the smaller position. Yet, the single lot PREMIUM SERVICE trading accounts when added together with the trades analyzed through my twitter / email set-ups and my excel spread sheets are <span style=\"text-decoration: underline;\">still in the black - in profit</span>.\r\n\r\nI have subscribers who only trade single lot trades, and make money. The PREMIUM SERVICE worked last year in 2014 and it STILL works this year, as a trader you just have to be more realistic setting goals and objectives.\r\n\r\nThe markets are insatiable when it comes to FEAR and GREED. It is only when FEAR and GREED enter, that the picture changes, greed may make us trade larger position sizes for some currencies that we feel more confident with, or see $$$ in our eyes. Or perhaps we adjust trade sizes to cope with more volatile pairs.\r\n\r\ne.g. If you trade with 5 x MINI lots the EUR/USD. , you should not trade 5 x MINI lots with the GBP/NZD. You may trade just 1 x MINI LOT because of volatility and RISK MANAGEMENT issues associated with this pair.\r\n\r\nWhen different position sizes are used across all the trade set-ups that are presented the mix of position sizes in relation to the profit / loss ratio creates an inconsistent return when correlated to the PREMIUM SERVICE returns.\r\n\r\nConsistency is important, and to establish consistency it may be better to trade a consistent lot size in all trades except for commodity crosses, which are more volatile and involve a higher risk. Therefore this all depends on the size of your broker account and your risk tolerances.\r\n\r\nThis is just food for thought; not just for you as a reader but also for me as the instigator of the PREMIUM SERVICE trade set-ups. Sometimes when something is right in front of your face you still cannot see it.\r\n\r\nLike most of you; <span style=\"text-decoration: underline;\">I am a trader I have skin in the market</span>.\r\n\r\nIf you would like more information on this subject, maybe a chat on SKYPE or an email about this, contact me using the details at the end of this blog.\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>ANGELA MERKEL WAS OVERHEARD SAYING\r\n</strong><strong>“MARIO, PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”</strong></p>\r\nYes, you guessed it – Mr. Casual aka Alexis Tsipras the GREECE Prime Minister was back in Brussels having “off-site” emergency talks with the EUROGROUP regarding the GREEK bailout.\r\n\r\nThis long running saga is really like a west-end farce, in fact it’s now so long running I think that it challenges Agatha Christies “THE MOUSETRAP” that had a phenomenal continuous run in the London theatre. I cannot remember how many weeks it ran for but the GREEK story, God love them, is starting to wear me down. Is it any wonder that Mario Draghi is consuming Raki, Ouzo and Retsina faster than Jeroen Dijsselbloem can say his own surname!\r\n\r\nEnough is enough.\r\n\r\nI firmly believe that the only reason that the EUROGROUP is entertaining “no tie” is because they want to ensure an orderly GREXIT from the single currency. A disorderly GREXIT would place a massive stress on the ECB and the Bundesbank.\r\n\r\nIn an interesting twist however, on Friday the EU Commission President, Jean-Claude Junker released €2 billion on humanitarian grounds to help the Greek government deal with the crisis in the country that is affecting the poor and the hardest hit by the financial crisis.\r\n\r\nWouldn’t you just think…\r\n\r\nAusterity did NOT work; it is STILL NOT WORKING and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nThe Germans are at fault in my opinion. Schauble is a loose cannon that fires up high emotions. Culturally, the Germans and the Greek peoples are worlds apart.\r\n\r\nThe bartering process that “no tie” is in at the moment is a normal Mediterranean way of negotiation, and, whether you believe he has no bargaining chips at all it is totally irrelevant. To Northern Europeans, like Merkel, Hollande, Diijsselbloem and Donald Tusk from Poland who chairs the EUROGROUP summits who quite frankly cannot understand why “no tie” will not move his position, it causes them to become exasperated and dig in their heels. They believe and maybe quite rightly in their eyes that enough is enough and its our way or the highway. This is pure and simple cultural divergence.\r\n\r\nTsipras (no tie), knows that the EUROZONE banks, many of them German and French have lots of €€€€€€ hanging around the GREECE financial sector. This is the backdrop and sword of Damocles hanging over the negotiations. “No tie” fully knows the fragile economy that exists across the EUROZONE would be thrown into turmoil if a disorderly GREXIT were to happen. In the background there is the fear of the Greek government running out of money, but would it actually happen?\r\n\r\nThink outside the box. Both RUSSIA and CHINA would love to get a foothold in the area for many reasons, not just political. Humanitarian grounds would be the sales pitch should either of these nations offer emergency financing.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION….. this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nFor once; do not kick yet another can down the road.\r\n\r\nWhatever words are written on a GREEK BLUEPRINT for economic reforms moving forward may as well be on paper supplied by Tom Cruise’s bosses in Mission Impossible, it will self destruct 30 minutes after signature and the monies are transferred. If the GREEKS could not reform before, gather taxes before, or manage the books before on the previous two bailouts why is it going to work this time. They are more in debt now than when they first came to the table looking for help years ago. It is so sad for GREECE that they were sold a lemon.\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nI am not saying that the U.S. approach was brilliant, quite frankly it made fat cats fatter and moved Wall Street poles apart from Main Street. The poor are poorer and the rich are richer as result of the FED approach in the USA. Poverty is simply swept under the carpet. However, the Ben Bernanke approach was so supportive to the financial markets (ex. Lehman Brothers) that stability and credibility were restored in very good time. Granted, it is still a fragile economy and the economic data shows this. If everything in the garden was “peachy”, interest rates in the U.S. would be at 0.5% by now… they are not.\r\n\r\nBy comparison, and it is hard to compare, as many American commentators some who have been around for years, such as Joe Kernan on CNBC, simply do not understand that the EUROZONE area consists of 28 countries, 19 of these use the € (single currency) plus there are a number of principalities that have monetary agreements like Andorra and Monaco.\r\n\r\nThe USA despite its dysfunctionality is one country. The EUROZONE is not. It is like comparing apples and pears.\r\n\r\nThe FED has an easier job than the ECB - these are basic facts, clear and unambiguous and should be noted when a glib comment is made on U.S. TV by some commentator, pundit or analyst who probably couldn’t even tell you where GREECE is on a map.\r\n\r\nI digress….\r\n\r\nThe stakes are incredibly high and reputations are on the line in Brussels. My fear is that the “can” is being prepared as I type.\r\n\r\nI fear that if a fudged solution is found we will definitely be back at point zero again within a year, with the same issues, same problems, maybe different players around the table.\r\n\r\nFor once… can the EUROGROUP just suck it up and move on doing what is right for the GREEK people not the damn politicians. If business people were managing this from day one we would not be in this mess now.\r\n<ol start=\"3\">\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<span style=\"text-decoration: underline;\">3.2.1 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<p style=\"text-align: left;\">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.</p>\r\n<strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -</strong>\r\n<p style=\"text-align: center;\"><strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong></p>\r\n<span style=\"text-decoration: underline;\">3.2.2. PREMIUM SERVICE – UPDATE ON CHANGES DUE BY APRIL 2015</span>\r\n\r\nChanges are now at stage two, and I am still confident that the vast majority will be ready for April 1<sup>st</sup>, the rest will be drip-fed throughout the second quarter of 2015.\r\n\r\nThe review as I have mentioned before has become far more reaching than I had originally anticipated.\r\n\r\nThe visible web site changes, the communication alternatives, the revised pricing and options on pricing, are relatively quick and easy to implement. It is the backroom making it happen items that you cannot see that are costly that takes the time.\r\n\r\nThe major change that can’t be seen and, probably one of the crucial ones is the space issue. This will NOT make the deadline I imposed. It is NOT a front-end change that would be noticed anyhow and involves my hosting packages and the re-directs that I have. This is so far above my pay grade, and as it does NOT directly effect what I do from day to day, I am not unduly concerned. However, some of the technology enhancements are dependent on the space issue being solved first before other backroom changes can be made (The chicken and the egg).\r\n\r\nFor existing PREMIUM SERVICE subscribers there will be a questionnaire released within the next 48 hours to canvas opinions and maybe add in a few more enhancements.\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. 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 “THE TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE PROFIT/LOSS RATIOS:\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\"><img class=\"aligncenter size-full wp-image-5517\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\" alt=\"PROFIT-LOSS RATIO 22032015\" width=\"414\" height=\"582\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\"><img class=\"aligncenter size-full wp-image-5518\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\" alt=\"RISK-REWARD 22032015\" width=\"432\" height=\"547\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\"><img class=\"aligncenter size-full wp-image-5515\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\" alt=\"PREM SERV PROFITS1 22032015\" width=\"454\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\"><img class=\"aligncenter size-full wp-image-5516\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\" alt=\"PREM SERV PROFITS2 22032015\" width=\"461\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">4. PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong>\r\n\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<p style=\"text-align: center;\"><strong>PSYCHOLOGICAL PITFALLS THAT WILL BLOW YOUR ACCOUNT:</strong></p>\r\n&nbsp;\r\n\r\n<strong>Let me introduce Jack:</strong><strong> </strong>\r\n\r\nJack is a professional trader. He makes all his money trading THE FOREX market. He has been trading for five years. He is patient, disciplined and in his trading he is fearless.\r\n\r\n<strong>Let me introduce Peter:</strong>\r\n\r\nPeter is a Newbie. He barely manages to break even with his trading. He has been trading for six months. Peter takes unnecessary risks as he is undisciplined, and he panics when he takes a trade.\r\n\r\n&nbsp;\r\n\r\nMoving on from the pleasantries….\r\n\r\nLet’s imagine we have a super profitable system. On paper, traded mechanically, this system has an average of seven wins from ten trades. Now let’s imagine we give both Jack and Peter this method and they trade it.\r\n\r\nWhat do you think will happen?\r\n\r\n<strong>Jack</strong> will take the system, take the trades and make lots of pips. In fact Jack, will probably improve the efficiency of the system and bump it up to eight winners out of ten.\r\n\r\n<strong>Peter</strong> will take the system; take the trades and pretty much screw it all up. As I said, trading it mechanically will give Peter an average of seven out of ten winners. However Peter will be lucky to get five out of ten winners.\r\n\r\nWhy does it work this way?\r\n\r\nIt all comes down to two things - psychology and experience.\r\n\r\nThere isn’t much you can do about experience. So lets take a look at some of the dangerous psychological pitfalls. Hopefully after reading this, you will be able to see them coming and stop them, before they destroy your account.<strong> </strong>\r\n\r\n<strong>FOUR PSYCHOLOGICAL PITFALLS:</strong>\r\n<ol>\r\n	<li><strong> THE DESIRE TO BE RICH:</strong></li>\r\n</ol>\r\nThe desire to be rich manifests itself in many ways. The main ways are fear and greed and hey inevitably lead to other problems. If you think about it the majority of the issues newbies have stem from the desire to be rich. Things such as\r\n<ul>\r\n	<li>Overtrading</li>\r\n	<li>Poor Money Management by risking too much</li>\r\n</ul>\r\nFOREX will not make you rich in the short term. It will likely take years before you are trading well enough to leave your day job. FOREX is a career in the long run, if you are successful, it can give you a very relaxed life. However, if you started trading last week and you plan to quit your job in six months, because you anticipate being rich enough to by a Ferrari, you are delusional.\r\n\r\nThis is a career, not a get rich quick scheme. If you want to be rich quick hit the casinos. You have a better chance of winning there.\r\n<ol start=\"2\">\r\n	<li><strong> FEAR OF LOSING:</strong></li>\r\n</ol>\r\nFrom a young age we are taught that money is important and that without money you have no real value. We are conditioned to believing that to be successful when we grow up, that we must have lots of money. This is because the reverse is also true. If you lost money then you are a failure as it is the opposite of making money. This in turn leads to some newbie traders being afraid to pull the trigger and actually take a trade.\r\n\r\nSome newbies trade demo accounts for two years, never summoning the courage to open a live account. Some newbie traders with live accounts panic whenever they enter a trade and in turn make rash decisions.\r\n\r\nTake a look at people like Richard Branson, Donald Trump, Alan Sugar and Warren Buffet. These guys are billionaires (or close enough to it) and each of them has failed many times. Richard Branson has spearheaded many failed ventures. Did those failures set him back though? Hell No! The man is going to start flying people to space at $200k per head, next year with Virgin Galactic.\r\n\r\nI think losing some money to the markets is actually beneficial. It teaches you some very important lessons. What is damaging is the fear of losing money. The fact that you think about it puts you at much greater risk of it actually happening. You have to trade with a positive attitude. So get rid of those fears and worries, they will not do you any good.\r\n\r\nThe truth is you are going to lose money to the markets, its unavoidable. Every professional trader has lost money. Not every trade will be profitable. The market simply doesn’t always work in your favor, and there are times especially as a newbie, that you will be stung. If you end up blowing your first live account … so be it. As long as you pick yourself up and try again, you will be a better trader for it.\r\n<ol start=\"3\">\r\n	<li><strong> THE NEED TO BE RIGHT:</strong></li>\r\n</ol>\r\nThis is a good one. Peter opens his platform and enters a dumb, baseless, long trade. He targets 100 pips and has a 50-pip stop loss. The trade goes against him immediately.\r\n\r\nIt goes down, first ten pips, then twenty pips, and then thirty pips. When it reaches forty pips Peter decides he doesn’t want to lose another trade and moves his stop loss down.\r\n\r\nThe price keeps falling:\r\n\r\n100\r\n\r\n120\r\n\r\n150…\r\n\r\nEventually Peter closes out his trade and he has lost a huge portion of his account.\r\n\r\nPeter was not able to accept that he has taken a losing trade. He kept pushing the stop down in the hope that it would eventually turn around. The need to be right is an account killer.\r\n\r\nThere are times when I move my stops, but these are line with my RISK MANAGEMENT targets and ATR’s for stop losses. In addition, sometimes during a “SQUEEZE” they are moved to accommodate the increased level of volatility.\r\n\r\nThis is the aspect of Forex Trading that is my own personal Achilles heel.\r\n<ol start=\"4\">\r\n	<li><strong> BEING UNDISCIPLINED:</strong></li>\r\n</ol>\r\nI saved this one for last because, even though it is one of the most common and dangerous pitfalls, it is rarely discussed. A trader who lacks discipline can never make it in this business. Many traders are guilty of lacking discipline for many reasons.\r\n\r\nThe main culprits are what I like to call “System Jumpers”. These are the traders that are constantly tweaking and changing their trading methods. These traders do not realize that learning to trade a system efficiently takes time.\r\n\r\nSystem Jumpers are traders who lack discipline to stick to, and learn how to trade a system. They try it for a week and when it doesn’t work they jump to the next system or method\r\n\r\nAnother common action of an undisciplined trader is abandoning a perfectly good trading method. Every trading method has period in which it performs below average. No matter how versatile a method is, it cannot perform at peak efficiency in all market conditions. A true trader has the discipline to stick it out through hard times.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2. THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:</span>\r\n\r\nLast week as I wrote earlier was probably the most difficult / craziest week in Forex Trading that I have ever seen, never mind traded. I write this in the full knowledge of trading through the financial crash of 2008-2009. Trading at that time was not difficult it was a pure flight to safety trade. Last week was just, plain crazy.\r\n\r\nI know that I often write that the market is what it is - just suck it up.\r\n\r\nThe response on Wednesday to the FOMC was exaggerated to say the least, and then the retracement on Thursday was bizarre. But the squeeze on Friday back towards the post FOMC highs/lows basically a 61.8% retracement was just totally unexpected and took me completely off guard. I sat there just moving stops initially to the next levels down or up. Thank God I have these on my trade sheets. Then I was looking at Fibonacci’s in disbelief as LIMIT ORDER trades started to trigger. Next, to keep within RISK MANAGEMENT tolerances I was reducing position sizes. I posted lots of small losses which when added up was quite a number.\r\n\r\nFUNDAMENTALLY, I believe that I am in the right trades at great levels moving forward, but I will need to add back to get the profit levels that I want.\r\n\r\nThe PREMIUM SERVICE went backwards by about 34 pips when summarizing the weeks trading. It was about to post a healthy increase until Friday when around the squeeze over 220 losing pips were deducted.\r\n\r\nThe USD/CHF provided some nice profits earlier in the week and several other USD majors contributed to the pip profits until Friday. I thought that it was going to be an excellent week as trading at the beginning of the week was practically non existent as I was waiting for the FOMC release.\r\n\r\nAs you will know, there are now some 13 x LIVE trades going into this week with a further 2 x LIMIT ORDERS waiting in the wings.\r\n\r\nI am finding it hard, and I know from speaking with many of you that getting a consistency moving forward this year has been the challenge. I hear you 100%. I think that from now until the end of April I will just trade a consistent smaller position size with a slightly wider stop in my personal account to match the PREMIUM SERVICE accounts.\r\n\r\nIt is all about consistency. My PREMIUM SERVICE general trading account keeps ticking over. As I stated earlier in the blog, it is only when more than a single lot is risked and the trade concerned turns out to be a losing trade that you have to play catch-up. The principle of single-lot profitable trading works; it’s all about having the right sized account for a MICRO, MINI or STANDARD LOT approach to gain the success.\r\n\r\n&nbsp;\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/2015/03/PS-LIVE-TRADES-22032015.png\"><img class=\"aligncenter size-full wp-image-5521\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIVE-TRADES-22032015.png\" alt=\"PS LIVE TRADES 22032015\" width=\"730\" height=\"503\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-22032015.png\"><img class=\"aligncenter size-full wp-image-5520\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-22032015.png\" alt=\"PS LIMIT ORDERS 22032015\" width=\"709\" height=\"399\" /></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 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 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\nGBP/NZD (weekly):\r\n\r\nThis pair was dropping with GBP weakness at the start of the week. At the end of the weak it was being sold with NZD strength - the classic double whammy.\r\n\r\nI am looking at support a little below existing levels around the trend line support on the chart below at 1.9350.\r\n\r\nEstablishing a long here with a stop below 1.9000 would seem to be a level that may provide support. A lot depends on the NZD/USD though. If it breaks through 0.7520 we may go lower before establishing a base level from which to work from.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPNZDMonthly22032015.png\"><img class=\"aligncenter size-full wp-image-5523\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPNZDMonthly22032015.png\" alt=\"GBPNZDMonthly22032015\" width=\"800\" height=\"600\" /></a>\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/2015/03/TRENDING-PAIRS-22032015.png\"><img class=\"aligncenter size-full wp-image-5519\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/TRENDING-PAIRS-22032015.png\" alt=\"TRENDING PAIRS 22032015\" width=\"384\" height=\"512\" /></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>(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. it also now includes chart analysis based on the weekly candlestick charts.)\r\n\r\n<strong>PLEASE NOTE:\r\n</strong>\r\n\r\n<strong>With many of the USD majors we are close to or have had weekly bullish or bearish engulfing candles. These would usually signify a change in the direction of the engulfing candle. However, sometimes when it is as a result of major events this is not always the case. The wicked moves of Wednesday last week after the FOMC and Fridays massive USD sell-off may temper matters.</strong><strong> </strong>\r\n\r\n<strong>The open later today takes on a new importance for me. I may just close trades depending upon the open, or moves stops into non-moveable static positions.</strong>\r\n\r\n<strong>With your own trades, you trade your own way. I am just alerting you. Longer-term weekly candles are powerful, but after the swings in the market that we have witnessed, and the extremes of volatility that we have seen, I have noticed in the past that sometimes a one-off candle has been ignored. This could be the case now… FUNDAMENTALLY some pairs are what I call upside-down based upon the weekly candle.</strong>\r\n\r\n<strong>It is impossible to tell what will happen at the open, and as you know I hate Sunday night (EDT) Asian market opens.</strong>\r\n\r\n<strong>It is difficult and for you and me…we have no way of telling what way things will happen.</strong>\r\n\r\n<strong>I am a trader, I also like you have skin in the markets.</strong><strong> </strong>\r\n\r\n<strong>I will tweet what I think.</strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.0821.</strong>\r\n\r\nIf someone had told me this time last week that we would see a 300 pip move higher in the EUR/USD week on week, I would have said are you nuts or what? I am looking at the chart below saying to myself reversal pattern…. but to what level? 1.1050 the post FOMC spike?\r\n\r\nI have a LIMIT ORDER to sell at 1.0970 – do I adjust this.\r\n\r\nI am not that sure with all the EUROZONE news about to hit regarding GREECE and the EUROGROUP meetings that we could hit above 1.1000.\r\n\r\nMy thoughts are resistance at 1.0860 and support back at 1.0740. A break back through 1.0760 places the bears back in control in my opinion.\r\n\r\n&nbsp;\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-WEEKLY-22032015.png\"><img class=\"aligncenter size-large wp-image-5529\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-WEEKLY-22032015-1024x517.png\" alt=\"EURUSD WEEKLY 22032015\" width=\"1024\" height=\"517\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4957</strong>.\r\n\r\nWell to me its obvious that 1.5000 will be a big number to break through. The PREMIUM SERVICE is short from 1.4920 and my FUNDAMENTAL view is to try and hold onto this trade no matter what as I firmly believe we are going a lot lower through uncertainty about the UK elections in 5 weeks time.\r\n\r\nLet’s hope over the weekend there are some nice UK tabloid press comments about the EU and Cameron versus UKIP. That would be a nice gift. It might make the GBP/USD GAP LOWER at the open.\r\n\r\nSupport is at 1.4900 and resistance at 1.5000.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-WEEKLY-22032015.png\"><img class=\"aligncenter size-large wp-image-5528\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-WEEKLY-22032015-1024x517.png\" alt=\"GBPUSD WEEKLY 22032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>AUD/USD: Closing Price 0.7771</strong>.\r\n\r\nThis could be a big week for the AUD and NZD looking at both weekly charts. I do however have a reservation. Central Bank divergence could bite me on the bum if I go fully into reversal mode with these pairs.\r\n\r\nWe are almost up against a down sloping trend line that has kept this pair in check for weeks. A break through 0.7800 and maybe we are on a trend reversal. There is no major AUD news to peg this pair back unless the RBA speaks out unannounced. I think we are so close to their target area for this pair that they would not want to see it drift higher through 0.8000 once again. This will be interesting to watch.\r\n\r\nSupport is at 0.7750 and resistance at 0.7800.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-WEEKLY-22032015.png\"><img class=\"aligncenter size-large wp-image-5530\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-WEEKLY-22032015-1024x517.png\" alt=\"AUDUSD WEEKLY 22032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7556</strong>.\r\n\r\nWe are so close to 0.7620. This has been a key resistance level for this pair for weeks and weeks. If we were to break this level I fear a much larger move higher maybe on the cards. Unlike the RBA, the RBNZ through Wheeler have been playing a dangerous game by not being 100% strong on their policy, they have swung both ways, so to speak. On their side they have directly intervened in the FX markets before and they may have to do it again. Nobody really believes their jawboning anymore and their tricks of re-releasing old documents.\r\n\r\nSupport is at 0.7510 and resistance at 0.7620.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-WEEKLY-22032015.png\"><img class=\"aligncenter size-large wp-image-5527\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-WEEKLY-22032015-1024x517.png\" alt=\"NZDUSD WEEKLY 22032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2561.</strong>\r\n\r\nI am so annoyed with myself as I had the chance to exit a USD/CAD long trade on Thursday with nice profits. I held on to let the profitable trade run… well the rest is history as they say. Now I have a bearish engulfing candlestick in front of me.\r\n\r\nIf Crude Oil comes under pressure this will support the move higher, plus the economic data (Retail Sales) on Friday was weak and quite frankly the CAD should not have strengthened so far on this weak data. I know about the candle but we should see a spring back.\r\n\r\nSupport is really good at 1.2450 and resistance back at 1.2650.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-WEEKLY-22032015.png\"><img class=\"aligncenter size-large wp-image-5526\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-WEEKLY-22032015-1024x517.png\" alt=\"USDCAD WEEKLY 22032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CHF: Closing Price 0.9744</strong>.\r\n\r\nThis pair fell really hard as the EUR/USD rose. The CHF has it’s own motivation at the moment economically via the negative interest rate policy of the SNB and I expect this pair to motor back towards parity this week. We have a daily engulfing candle and maybe we will hover for a while, but I think that there are upward pressures to play out here\r\n\r\nSupport is at 0.9680 and resistance at 0.9850.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-WEEKLY-22032015.png\"><img class=\"aligncenter size-large wp-image-5525\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-WEEKLY-22032015-1024x517.png\" alt=\"USDCHF WEEKLY 22032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 120.04. </strong>\r\n\r\nWe are still in the same range in spite of all the shenanigans last week.\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/2015/03/USDJPY-WEEKLY-22032015.png\"><img class=\"aligncenter size-large wp-image-5524\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-WEEKLY-22032015-1024x517.png\" alt=\"USDJPY WEEKLY 22032015\" 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 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: EUR – ECB Mario Draghi Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – CPi.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: N/A.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – BOC Poloz speaks.\r\n\r\nFRIDAY: USD – GDP.\r\nFRIDAY: USD – FED Janet Yellen speaks.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIf like myself you found last week a difficult week, you can do either one of three things: -\r\n<ol>\r\n	<li>Take a few days off away from your computer screens.</li>\r\n	<li>Get back into trading revitalized after a weekend of reading through the news items that have hit the press with your MACRO / FUNDAMENTAL VIEWS in position ready to attack.</li>\r\n	<li>Gently ease your way back into the markets managing your LIVE /OPEN trades carefully and assess the Asia and European markets responses on Monday morning to the USD sell off on Friday.</li>\r\n</ol>\r\nThere are not as many news events that are market moving this coming week but GREECE is the word….\r\n\r\nThe two boys without ties will be strutting around Brussels looking for the impossible. It is a dangerous game that they are playing and it will no doubt all end in tears, but before that we should get some great sound-bytes from Schauble, Juncker, Dijsselbloem, Weidmann or Nowotny to spice up the week. Getting these does of course create the odd spike in the EUR/USD so be on guard as best you can. Keep stops tighter without being too tight but maybe trade the EUR/USD with a smaller position size to accommodate the potential volatility.\r\n\r\nThere are lots of awkward looking candles on the charts that we will need to review into the early Asian trading later today. So we have a lot to look at early on and establish a clear plan.\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 March 22nd 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<strong><span style=\"text-decoration: underline;\">DISCLAIMER &amp; OTHER DATA:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">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;\">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;\">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.','ANGELA MERKEL WAS OVERHEARD SAYING “MARIO PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”','','inherit','open','closed','','5543-revision-v1','','','2015-03-21 15:18:29','2015-03-21 20:18:29','',5543,'https://weeklyfxdrivethru.com/5543-revision-v1/',0,'revision','',0),(5547,1,'2015-03-21 15:59:34','2015-03-21 20:59:34','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>\r\n<strong>DATE: 22.03.2015\r\nREFERENCE: #144\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\n</span>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:\r\n\r\n<span style=\"text-decoration: underline;\">1.1. LOOKING BACKWARDS:</span>\r\n\r\nWell it never happened. My thoughts this time last week were that the FOMC would demolish the EUR/USD. It never happened, in fact, the responses to the statement, the economic projections and the press conference from my perspective were a little weird. So much pre announcement was levied at the “will she or won’t she” with regards to PATIENT, that a lot of what she did or did NOT say was left to one side. I found the statement a little DOVISH, however, at the end of the day, rate increases are still going to happen. Whilst the market has ruled out June in favor of September, nothing is cast in stone.\r\n\r\nSo I thought the reaction rather overkill and due to the fact we more than reversed the currency moves in the EUR/USD and GBP/USD within 24 hours demonstrated that. Some of the moves in particular the late EUR/USD spike to over 1.1000 was ridiculous… but it is what it is, or rather was what it was.\r\n\r\nThe SNB statement the following day was a damp squib in comparison although, if I recall correctly there were some fantastic currency moves around that time, which made up for the non-announcement.\r\n\r\nLast week was one of the craziest trading weeks that I have ever encountered as a Forex trader. If I had thought that the FOMC FX reaction was mad… it paled into complete insignificance with what came on Friday.\r\n\r\nFriday brought CAD core retail sales, from which a loss trade from the previous overnight moves turned nicely positive on weaker data. I was happy, and then we had a massive USD sell-off.\r\n\r\nWhat started as a focus on my USD/CAD trades turned into a full-blown 4.5-hour series of squeezes. The USD was taken to the woodshed with a huge USD sell-off and GOLD rally, plus a divergence rally move between the Nikkei (6J) and the USD/JPY in for good measure. All I could do was to reduce position sizes and move the odd stop here and there to keep the trades that I wanted alive, kept alive. Reducing position sizes created losses to my accounts.\r\n\r\nThe best I could do was look at my trading charts at the outset of the squeeze, and try to see where it would end.\r\n\r\nUsing the EUR/USD 240M chart I thought that the 38% fib retracement would hold, then, I thought the 50%, it was actually the 61.8% 1.0874 (from the post FOMC highs to the ensuing lows) that held the EUR/USD. It was pretty much the same Fibonacci level across the board that finally held most of the pairs.\r\n\r\nMy frustrations, if the above was not enough were of course further exacerbated as towards the end of the previous day I was in a position to bank some nice $$$ across the board and made the decision to try and let the trades run for more profits. Not only did I miss those $$$ I posted losses within 24 hours on those trades and some more.\r\n\r\nAll in all, it was a very frustrating and annoying end to the week. I seem to be in a one step forward, two steps backward routine at the moment. But this is the Forex Market.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2. LOOKING FORWARDS:</span>\r\n\r\nNext week, there are not as many high profile news events to contend with, just three Central Bank governors speak; Draghi, Yellen and Poloz. Hopefully, therefore we will have a more sedate trading week, gather our thoughts and breathe again with some nice directional trading. Yeah right… as if that’s going to happen… hell would freeze over first!\r\n\r\nWe have GREECE. Yup, GREECE is back in the picture again, God love them. “The two tieless flutes” (Tsipras and Varoufakis) will be back in Brussels, Berlin and Frankfurt next week trying to re-negotiate the nonnegotiable. If it looks like PIG, grunts like a PIG guess what it is? Whichever way I view the GREECE V EUROGROUP picture, everything is being done to make it look like its NOT a default but in essence it’s at best a restructuring of debt to avoid a default. This will all end in tears.\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\nWe have had one hell of a ride trading Forex so far this year. This past week was without doubt one of the craziest weeks that I have ever traded, and, for the first part of the week I DID NOT trade much at all!… I was on hold waiting for the FOMC.\r\n\r\nI have spoken with several subscribers over the last few days and many feel like they have been beaten to a pulp, got back up again, then beaten down, back up and beaten down again. They scan TWITTER, GOOGLE+ and watch CNBC or BLOOMBERG to try to obtain a perspective. They find nothing other than “Happy Larry’s” saying buy, buy, buy and then buy some more. Nobody seems to lose money on Twitter either. Everyone appears to “Bottom Pick or Top Tick” the market. It is very depressing.\r\n\r\nI have given this response on more than 4 or 5 occasions referring to the media analysts and barrage of tweets on Twitter etc. who claim parts or most if not all of the following –\r\n\r\n<em>“I never lost money on that move, or the previous big spike or collapse that happened I was in the right way, this is what I made, and these were my entries and exits”</em>\r\n\r\nThis is what I have been saying…..\r\n\r\nIf you have been caught on the wrong side of major spikes and moves more than being on the right side - do not despair; everybody has to be on the wrong side sometimes. If they are never on the wrong side they either DO NOT trade or they are bullsh*****s.\r\n\r\nIf you are sick to the back teeth of the same people on twitter or hosting webinars saying how wonderful trading is and how much money they are making – do not despair; if they never lose money it’s bulls**t, or they simply just DO NOT trade, they are theorists and at best historians by saying look this is what I did.\r\n\r\nIf you see the same people over and over again boasting about nothing but being on the right side of every move – do not despair; either go to Vegas with them if you can, because they are the luckiest bastards around or take it as read they are bullsh*****s.\r\n\r\nWhen you see the same people on twitter or wherever that never lose money, and are always on the right side of very move, always at their machines when a squeeze starts and are in at the bottom of a move higher and out on every top tick – do not despair; they either wear depends, or they are not human; they are bullsh*****s\r\n\r\nIt’s all bulls**t…. there is a lot of bulls**t in Forex. It’s a part of Forex that you have to live with and ignore a lot of it.\r\n\r\nI take losses and I tell you about them in this blog and on twitter. I do the best that I can with the PREMIUM SERVICE to limit losses. I am in Forex for the long-haul and that means that from time to time your account does suffer but it does come back if you stick to your principles.\r\n\r\nMy own trading accounts are out of the money this year so far, mostly due to my FXCM (GBP/CHF) trade. However, not all my losses came from the SNB day, some are from the PREMIUM SERVICE trades where I took larger than single lot trades in my personal account and they failed to make a profit. This creates an imbalance between $$$ and pips profits or losses. This is due to the fact that the size of the trade can influence the $$$, so a small loss on a big position can outweigh a big pip profit move with a small position.\r\n\r\nTo illustrate this – if you have a profitable trade with one mini lot that makes 50 pips it could yield $50, however if you have a 5 mini lot trade that loses 20 pips that could yield a loss of $100 thus outweighing the bigger pip profit of the smaller position. Yet, the single lot PREMIUM SERVICE trading accounts when added together with the trades analyzed through my twitter / email set-ups and my excel spread sheets are <span style=\"text-decoration: underline;\">still in the black - in profit</span>.\r\n\r\nI have subscribers who only trade single lot trades, and make money. The PREMIUM SERVICE worked last year in 2014 and it STILL works this year, as a trader you just have to be more realistic setting goals and objectives.\r\n\r\nThe markets are insatiable when it comes to FEAR and GREED. It is only when FEAR and GREED enter, that the picture changes, greed may make us trade larger position sizes for some currencies that we feel more confident with, or see $$$ in our eyes. Or perhaps we adjust trade sizes to cope with more volatile pairs.\r\n\r\ne.g. If you trade with 5 x MINI lots the EUR/USD. , you should not trade 5 x MINI lots with the GBP/NZD. You may trade just 1 x MINI LOT because of volatility and RISK MANAGEMENT issues associated with this pair.\r\n\r\nWhen different position sizes are used across all the trade set-ups that are presented the mix of position sizes in relation to the profit / loss ratio creates an inconsistent return when correlated to the PREMIUM SERVICE returns.\r\n\r\nConsistency is important, and to establish consistency it may be better to trade a consistent lot size in all trades except for commodity crosses, which are more volatile and involve a higher risk. Therefore this all depends on the size of your broker account and your risk tolerances.\r\n\r\nThis is just food for thought; not just for you as a reader but also for me as the instigator of the PREMIUM SERVICE trade set-ups. Sometimes when something is right in front of your face you still cannot see it.\r\n\r\nLike most of you; <span style=\"text-decoration: underline;\">I am a trader I have skin in the market</span>.\r\n\r\nIf you would like more information on this subject, maybe a chat on SKYPE or an email about this, contact me using the details at the end of this blog.\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>ANGELA MERKEL WAS OVERHEARD SAYING\r\n</strong><strong>“MARIO, PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”</strong></p>\r\nYes, you guessed it – Mr. Casual aka Alexis Tsipras the GREECE Prime Minister was back in Brussels having “off-site” emergency talks with the EUROGROUP regarding the GREEK bailout.\r\n\r\nThis long running saga is really like a west-end farce, in fact it’s now so long running I think that it challenges Agatha Christies “THE MOUSETRAP” that had a phenomenal continuous run in the London theatre. I cannot remember how many weeks it ran for but the GREEK story, God love them, is starting to wear me down. Is it any wonder that Mario Draghi is consuming Raki, Ouzo and Retsina faster than Jeroen Dijsselbloem can say his own surname!\r\n\r\nEnough is enough.\r\n\r\nI firmly believe that the only reason that the EUROGROUP is entertaining “no tie” is because they want to ensure an orderly GREXIT from the single currency. A disorderly GREXIT would place a massive stress on the ECB and the Bundesbank.\r\n\r\nIn an interesting twist however, on Friday the EU Commission President, Jean-Claude Junker released €2 billion on humanitarian grounds to help the Greek government deal with the crisis in the country that is affecting the poor and the hardest hit by the financial crisis.\r\n\r\nWouldn’t you just think…\r\n\r\nAusterity did NOT work; it is STILL NOT WORKING and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nThe Germans are at fault in my opinion. Schauble is a loose cannon that fires up high emotions. Culturally, the Germans and the Greek peoples are worlds apart.\r\n\r\nThe bartering process that “no tie” is in at the moment is a normal Mediterranean way of negotiation, and, whether you believe he has no bargaining chips at all it is totally irrelevant. To Northern Europeans, like Merkel, Hollande, Diijsselbloem and Donald Tusk from Poland who chairs the EUROGROUP summits who quite frankly cannot understand why “no tie” will not move his position, it causes them to become exasperated and dig in their heels. They believe and maybe quite rightly in their eyes that enough is enough and its our way or the highway. This is pure and simple cultural divergence.\r\n\r\nTsipras (no tie), knows that the EUROZONE banks, many of them German and French have lots of €€€€€€ hanging around the GREECE financial sector. This is the backdrop and sword of Damocles hanging over the negotiations. “No tie” fully knows the fragile economy that exists across the EUROZONE would be thrown into turmoil if a disorderly GREXIT were to happen. In the background there is the fear of the Greek government running out of money, but would it actually happen?\r\n\r\nThink outside the box. Both RUSSIA and CHINA would love to get a foothold in the area for many reasons, not just political. Humanitarian grounds would be the sales pitch should either of these nations offer emergency financing.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION….. this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nFor once; do not kick yet another can down the road.\r\n\r\nWhatever words are written on a GREEK BLUEPRINT for economic reforms moving forward may as well be on paper supplied by Tom Cruise’s bosses in Mission Impossible, it will self destruct 30 minutes after signature and the monies are transferred. If the GREEKS could not reform before, gather taxes before, or manage the books before on the previous two bailouts why is it going to work this time. They are more in debt now than when they first came to the table looking for help years ago. It is so sad for GREECE that they were sold a lemon.\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nI am not saying that the U.S. approach was brilliant, quite frankly it made fat cats fatter and moved Wall Street poles apart from Main Street. The poor are poorer and the rich are richer as result of the FED approach in the USA. Poverty is simply swept under the carpet. However, the Ben Bernanke approach was so supportive to the financial markets (ex. Lehman Brothers) that stability and credibility were restored in very good time. Granted, it is still a fragile economy and the economic data shows this. If everything in the garden was “peachy”, interest rates in the U.S. would be at 0.5% by now… they are not.\r\n\r\nBy comparison, and it is hard to compare, as many American commentators some who have been around for years, such as Joe Kernan on CNBC, simply do not understand that the EUROZONE area consists of 28 countries, 19 of these use the € (single currency) plus there are a number of principalities that have monetary agreements like Andorra and Monaco.\r\n\r\nThe USA despite its dysfunctionality is one country. The EUROZONE is not. It is like comparing apples and pears.\r\n\r\nThe FED has an easier job than the ECB - these are basic facts, clear and unambiguous and should be noted when a glib comment is made on U.S. TV by some commentator, pundit or analyst who probably couldn’t even tell you where GREECE is on a map.\r\n\r\nI digress….\r\n\r\nThe stakes are incredibly high and reputations are on the line in Brussels. My fear is that the “can” is being prepared as I type.\r\n\r\nI fear that if a fudged solution is found we will definitely be back at point zero again within a year, with the same issues, same problems, maybe different players around the table.\r\n\r\nFor once… can the EUROGROUP just suck it up and move on doing what is right for the GREEK people not the damn politicians. If business people were managing this from day one we would not be in this mess now.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\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;\">3.2.1 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<p style=\"text-align: center;\">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.</p>\r\n<strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -</strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2. PREMIUM SERVICE – UPDATE ON CHANGES DUE BY APRIL 2015</span>\r\n\r\nChanges are now at stage two, and I am still confident that the vast majority will be ready for April 1<sup>st</sup>, the rest will be drip-fed throughout the second quarter of 2015.\r\n\r\nThe review as I have mentioned before has become far more reaching than I had originally anticipated.\r\n\r\nThe visible web site changes, the communication alternatives, the revised pricing and options on pricing, are relatively quick and easy to implement. It is the backroom making it happen items that you cannot see that are costly that takes the time.\r\n\r\nThe major change that can’t be seen and, probably one of the crucial ones is the space issue. This will NOT make the deadline I imposed. It is NOT a front-end change that would be noticed anyhow and involves my hosting packages and the re-directs that I have. This is so far above my pay grade, and as it does NOT directly effect what I do from day to day, I am not unduly concerned. However, some of the technology enhancements are dependent on the space issue being solved first before other backroom changes can be made (The chicken and the egg).\r\n\r\nFor existing PREMIUM SERVICE subscribers there will be a questionnaire released within the next 48 hours to canvas opinions and maybe add in a few more enhancements.\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. 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 “THE TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\"><img class=\"aligncenter size-full wp-image-5517\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\" alt=\"PROFIT-LOSS RATIO 22032015\" width=\"414\" height=\"582\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\"><img class=\"aligncenter size-full wp-image-5518\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\" alt=\"RISK-REWARD 22032015\" width=\"432\" height=\"547\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\"><img class=\"aligncenter size-full wp-image-5515\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\" alt=\"PREM SERV PROFITS1 22032015\" width=\"454\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\"><img class=\"aligncenter size-full wp-image-5516\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\" alt=\"PREM SERV PROFITS2 22032015\" width=\"461\" height=\"422\" /></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).\r\n\r\n<span style=\"text-decoration: underline;\">4.2. THE PREMIUM SERVICE – LAST WEEK’S 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</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. it also now includes chart analysis based on the weekly candlestick charts.)\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: EUR – ECB Mario Draghi Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – CPi.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: N/A.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – BOC Poloz speaks.\r\n\r\nFRIDAY: USD – GDP.\r\nFRIDAY: USD – FED Janet Yellen speaks.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIf like myself you found last week a difficult week, you can do either one of three things: -\r\n<ol>\r\n	<li>Take a few days off away from your computer screens.</li>\r\n	<li>Get back into trading revitalized after a weekend of reading through the news items that have hit the press with your MACRO / FUNDAMENTAL VIEWS in position ready to attack.</li>\r\n	<li>Gently ease your way back into the markets managing your LIVE /OPEN trades carefully and assess the Asia and European markets responses on Monday morning to the USD sell off on Friday.</li>\r\n</ol>\r\nThere are not as many news events that are market moving this coming week but GREECE is the word….\r\n\r\nThe two boys without ties will be strutting around Brussels looking for the impossible. It is a dangerous game that they are playing and it will no doubt all end in tears, but before that we should get some great sound-bytes from Schauble, Juncker, Dijsselbloem, Weidmann or Nowotny to spice up the week. Getting these does of course create the odd spike in the EUR/USD so be on guard as best you can. Keep stops tighter without being too tight but maybe trade the EUR/USD with a smaller position size to accommodate the potential volatility.\r\n\r\nThere are lots of awkward looking candles on the charts that we will need to review into the early Asian trading later today. So we have a lot to look at early on and establish a clear plan.\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 March 22nd 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\r\n\r\n<strong><span style=\"text-decoration: underline;\">DISCLAIMER &amp; OTHER DATA:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">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<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.\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<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 doubts.','ANGELA MERKEL WAS OVERHEARD SAYING “MARIO PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”','','publish','open','closed','','angela-merkel-was-overheard-saying-mario-pass-me-that-bottle-of-ouzo-and-jeroen-stop-pigging-on-the-tzatziki','','','2015-03-21 15:59:34','2015-03-21 20:59:34','',0,'https://weeklyfxdrivethru.com/?p=5547',0,'post','',0);
INSERT INTO `vp_backup_wp_posts` VALUES (5548,1,'2015-03-21 15:37:35','2015-03-21 20:37:35','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>\r\n<strong>DATE: 22.03.2015\r\nREFERENCE: #144\r\n</strong><strong>BLOG: THE WEELY 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\n</span>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:\r\n\r\n<span style=\"text-decoration: underline;\">1.1. LOOKING BACKWARDS:</span>\r\n\r\nWell it never happened. My thoughts this time last week were that the FOMC would demolish the EUR/USD. It never happened, in fact, the responses to the statement, the economic projections and the press conference from my perspective were a little weird. So much pre announcement was levied at the “will she or won’t she” with regards to PATIENT, that a lot of what she did or did NOT say was left to one side. I found the statement a little DOVISH, however, at the end of the day, rate increases are still going to happen. Whilst the market has ruled out June in favor of September, nothing is cast in stone.\r\n\r\nSo I thought the reaction rather overkill and due to the fact we more than reversed the currency moves in the EUR/USD and GBP/USD within 24 hours demonstrated that. Some of the moves in particular the late EUR/USD spike to over 1.1000 was ridiculous… but it is what it is, or rather was what it was.\r\n\r\nThe SNB statement the following day was a damp squib in comparison although, if I recall correctly there were some fantastic currency moves around that time, which made up for the non-announcement.\r\n\r\nLast week was one of the craziest trading weeks that I have ever encountered as a Forex trader. If I had thought that the FOMC FX reaction was mad… it paled into complete insignificance with what came on Friday.\r\n\r\nFriday brought CAD core retail sales, from which a loss trade from the previous overnight moves turned nicely positive on weaker data. I was happy, and then we had a massive USD sell-off.\r\n\r\nWhat started as a focus on my USD/CAD trades turned into a full-blown 4.5-hour series of squeezes. The USD was taken to the woodshed with a huge USD sell-off and GOLD rally, plus a divergence rally move between the Nikkei (6J) and the USD/JPY in for good measure. All I could do was to reduce position sizes and move the odd stop here and there to keep the trades that I wanted alive, kept alive. Reducing position sizes created losses to my accounts.\r\n\r\nThe best I could do was look at my trading charts at the outset of the squeeze, and try to see where it would end.\r\n\r\nUsing the EUR/USD 240M chart I thought that the 38% fib retracement would hold, then, I thought the 50%, it was actually the 61.8% 1.0874 (from the post FOMC highs to the ensuing lows) that held the EUR/USD. It was pretty much the same Fibonacci level across the board that finally held most of the pairs.\r\n\r\nMy frustrations, if the above was not enough were of course further exacerbated as towards the end of the previous day I was in a position to bank some nice $$$ across the board and made the decision to try and let the trades run for more profits. Not only did I miss those $$$ I posted losses within 24 hours on those trades and some more.\r\n\r\nAll in all, it was a very frustrating and annoying end to the week. I seem to be in a one step forward, two steps backward routine at the moment. But this is the Forex Market.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2. LOOKING FORWARDS:</span>\r\n\r\nNext week, there are not as many high profile news events to contend with, just three Central Bank governors speak; Draghi, Yellen and Poloz. Hopefully, therefore we will have a more sedate trading week, gather our thoughts and breathe again with some nice directional trading. Yeah right… as if that’s going to happen… hell would freeze over first!\r\n\r\nWe have GREECE. Yup, GREECE is back in the picture again, God love them. “The two tieless flutes” (Tsipras and Varoufakis) will be back in Brussels, Berlin and Frankfurt next week trying to re-negotiate the nonnegotiable. If it looks like PIG, grunts like a PIG guess what it is? Whichever way I view the GREECE V EUROGROUP picture, everything is being done to make it look like its NOT a default but in essence it’s at best a restructuring of debt to avoid a default. This will all end in tears.\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\nWe have had one hell of a ride trading Forex so far this year. This past week was without doubt one of the craziest weeks that I have ever traded, and, for the first part of the week I DID NOT trade much at all!… I was on hold waiting for the FOMC.\r\n\r\nI have spoken with several subscribers over the last few days and many feel like they have been beaten to a pulp, got back up again, then beaten down, back up and beaten down again. They scan TWITTER, GOOGLE+ and watch CNBC or BLOOMBERG to try to obtain a perspective. They find nothing other than “Happy Larry’s” saying buy, buy, buy and then buy some more. Nobody seems to lose money on Twitter either. Everyone appears to “Bottom Pick or Top Tick” the market. It is very depressing.\r\n\r\nI have given this response on more than 4 or 5 occasions referring to the media analysts and barrage of tweets on Twitter etc. who claim parts or most if not all of the following –\r\n\r\n<em>“I never lost money on that move, or the previous big spike or collapse that happened I was in the right way, this is what I made, and these were my entries and exits”</em>\r\n\r\nThis is what I have been saying…..\r\n\r\nIf you have been caught on the wrong side of major spikes and moves more than being on the right side - do not despair; everybody has to be on the wrong side sometimes. If they are never on the wrong side they either DO NOT trade or they are bullsh*****s.\r\n\r\nIf you are sick to the back teeth of the same people on twitter or hosting webinars saying how wonderful trading is and how much money they are making – do not despair; if they never lose money it’s bulls**t, or they simply just DO NOT trade, they are theorists and at best historians by saying look this is what I did.\r\n\r\nIf you see the same people over and over again boasting about nothing but being on the right side of every move – do not despair; either go to Vegas with them if you can, because they are the luckiest bastards around or take it as read they are bullsh*****s.\r\n\r\nWhen you see the same people on twitter or wherever that never lose money, and are always on the right side of very move, always at their machines when a squeeze starts and are in at the bottom of a move higher and out on every top tick – do not despair; they either wear depends, or they are not human; they are bullsh*****s\r\n\r\nIt’s all bulls**t…. there is a lot of bulls**t in Forex. It’s a part of Forex that you have to live with and ignore a lot of it.\r\n\r\nI take losses and I tell you about them in this blog and on twitter. I do the best that I can with the PREMIUM SERVICE to limit losses. I am in Forex for the long-haul and that means that from time to time your account does suffer but it does come back if you stick to your principles.\r\n\r\nMy own trading accounts are out of the money this year so far, mostly due to my FXCM (GBP/CHF) trade. However, not all my losses came from the SNB day, some are from the PREMIUM SERVICE trades where I took larger than single lot trades in my personal account and they failed to make a profit. This creates an imbalance between $$$ and pips profits or losses. This is due to the fact that the size of the trade can influence the $$$, so a small loss on a big position can outweigh a big pip profit move with a small position.\r\n\r\nTo illustrate this – if you have a profitable trade with one mini lot that makes 50 pips it could yield $50, however if you have a 5 mini lot trade that loses 20 pips that could yield a loss of $100 thus outweighing the bigger pip profit of the smaller position. Yet, the single lot PREMIUM SERVICE trading accounts when added together with the trades analyzed through my twitter / email set-ups and my excel spread sheets are <span style=\"text-decoration: underline;\">still in the black - in profit</span>.\r\n\r\nI have subscribers who only trade single lot trades, and make money. The PREMIUM SERVICE worked last year in 2014 and it STILL works this year, as a trader you just have to be more realistic setting goals and objectives.\r\n\r\nThe markets are insatiable when it comes to FEAR and GREED. It is only when FEAR and GREED enter, that the picture changes, greed may make us trade larger position sizes for some currencies that we feel more confident with, or see $$$ in our eyes. Or perhaps we adjust trade sizes to cope with more volatile pairs.\r\n\r\ne.g. If you trade with 5 x MINI lots the EUR/USD. , you should not trade 5 x MINI lots with the GBP/NZD. You may trade just 1 x MINI LOT because of volatility and RISK MANAGEMENT issues associated with this pair.\r\n\r\nWhen different position sizes are used across all the trade set-ups that are presented the mix of position sizes in relation to the profit / loss ratio creates an inconsistent return when correlated to the PREMIUM SERVICE returns.\r\n\r\nConsistency is important, and to establish consistency it may be better to trade a consistent lot size in all trades except for commodity crosses, which are more volatile and involve a higher risk. Therefore this all depends on the size of your broker account and your risk tolerances.\r\n\r\nThis is just food for thought; not just for you as a reader but also for me as the instigator of the PREMIUM SERVICE trade set-ups. Sometimes when something is right in front of your face you still cannot see it.\r\n\r\nLike most of you; <span style=\"text-decoration: underline;\">I am a trader I have skin in the market</span>.\r\n\r\nIf you would like more information on this subject, maybe a chat on SKYPE or an email about this, contact me using the details at the end of this blog.\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>ANGELA MERKEL WAS OVERHEARD SAYING\r\n</strong><strong>“MARIO, PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”</strong></p>\r\nYes, you guessed it – Mr. Casual aka Alexis Tsipras the GREECE Prime Minister was back in Brussels having “off-site” emergency talks with the EUROGROUP regarding the GREEK bailout.\r\n\r\nThis long running saga is really like a west-end farce, in fact it’s now so long running I think that it challenges Agatha Christies “THE MOUSETRAP” that had a phenomenal continuous run in the London theatre. I cannot remember how many weeks it ran for but the GREEK story, God love them, is starting to wear me down. Is it any wonder that Mario Draghi is consuming Raki, Ouzo and Retsina faster than Jeroen Dijsselbloem can say his own surname!\r\n\r\nEnough is enough.\r\n\r\nI firmly believe that the only reason that the EUROGROUP is entertaining “no tie” is because they want to ensure an orderly GREXIT from the single currency. A disorderly GREXIT would place a massive stress on the ECB and the Bundesbank.\r\n\r\nIn an interesting twist however, on Friday the EU Commission President, Jean-Claude Junker released €2 billion on humanitarian grounds to help the Greek government deal with the crisis in the country that is affecting the poor and the hardest hit by the financial crisis.\r\n\r\nWouldn’t you just think…\r\n\r\nAusterity did NOT work; it is STILL NOT WORKING and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nThe Germans are at fault in my opinion. Schauble is a loose cannon that fires up high emotions. Culturally, the Germans and the Greek peoples are worlds apart.\r\n\r\nThe bartering process that “no tie” is in at the moment is a normal Mediterranean way of negotiation, and, whether you believe he has no bargaining chips at all it is totally irrelevant. To Northern Europeans, like Merkel, Hollande, Diijsselbloem and Donald Tusk from Poland who chairs the EUROGROUP summits who quite frankly cannot understand why “no tie” will not move his position, it causes them to become exasperated and dig in their heels. They believe and maybe quite rightly in their eyes that enough is enough and its our way or the highway. This is pure and simple cultural divergence.\r\n\r\nTsipras (no tie), knows that the EUROZONE banks, many of them German and French have lots of €€€€€€ hanging around the GREECE financial sector. This is the backdrop and sword of Damocles hanging over the negotiations. “No tie” fully knows the fragile economy that exists across the EUROZONE would be thrown into turmoil if a disorderly GREXIT were to happen. In the background there is the fear of the Greek government running out of money, but would it actually happen?\r\n\r\nThink outside the box. Both RUSSIA and CHINA would love to get a foothold in the area for many reasons, not just political. Humanitarian grounds would be the sales pitch should either of these nations offer emergency financing.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION….. this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nFor once; do not kick yet another can down the road.\r\n\r\nWhatever words are written on a GREEK BLUEPRINT for economic reforms moving forward may as well be on paper supplied by Tom Cruise’s bosses in Mission Impossible, it will self destruct 30 minutes after signature and the monies are transferred. If the GREEKS could not reform before, gather taxes before, or manage the books before on the previous two bailouts why is it going to work this time. They are more in debt now than when they first came to the table looking for help years ago. It is so sad for GREECE that they were sold a lemon.\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nI am not saying that the U.S. approach was brilliant, quite frankly it made fat cats fatter and moved Wall Street poles apart from Main Street. The poor are poorer and the rich are richer as result of the FED approach in the USA. Poverty is simply swept under the carpet. However, the Ben Bernanke approach was so supportive to the financial markets (ex. Lehman Brothers) that stability and credibility were restored in very good time. Granted, it is still a fragile economy and the economic data shows this. If everything in the garden was “peachy”, interest rates in the U.S. would be at 0.5% by now… they are not.\r\n\r\nBy comparison, and it is hard to compare, as many American commentators some who have been around for years, such as Joe Kernan on CNBC, simply do not understand that the EUROZONE area consists of 28 countries, 19 of these use the € (single currency) plus there are a number of principalities that have monetary agreements like Andorra and Monaco.\r\n\r\nThe USA despite its dysfunctionality is one country. The EUROZONE is not. It is like comparing apples and pears.\r\n\r\nThe FED has an easier job than the ECB - these are basic facts, clear and unambiguous and should be noted when a glib comment is made on U.S. TV by some commentator, pundit or analyst who probably couldn’t even tell you where GREECE is on a map.\r\n\r\nI digress….\r\n\r\nThe stakes are incredibly high and reputations are on the line in Brussels. My fear is that the “can” is being prepared as I type.\r\n\r\nI fear that if a fudged solution is found we will definitely be back at point zero again within a year, with the same issues, same problems, maybe different players around the table.\r\n\r\nFor once… can the EUROGROUP just suck it up and move on doing what is right for the GREEK people not the damn politicians. If business people were managing this from day one we would not be in this mess now.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n\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:</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;\">3.2.1 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<p style=\"text-align: center;\">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.\r\n\r\n<strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -</strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong></p>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2. PREMIUM SERVICE – UPDATE ON CHANGES DUE BY APRIL 2015</span>\r\n\r\nChanges are now at stage two, and I am still confident that the vast majority will be ready for April 1<sup>st</sup>, the rest will be drip-fed throughout the second quarter of 2015.\r\n\r\nThe review as I have mentioned before has become far more reaching than I had originally anticipated.\r\n\r\nThe visible web site changes, the communication alternatives, the revised pricing and options on pricing, are relatively quick and easy to implement. It is the backroom making it happen items that you cannot see that are costly that takes the time.\r\n\r\nThe major change that can’t be seen and, probably one of the crucial ones is the space issue. This will NOT make the deadline I imposed. It is NOT a front-end change that would be noticed anyhow and involves my hosting packages and the re-directs that I have. This is so far above my pay grade, and as it does NOT directly effect what I do from day to day, I am not unduly concerned. However, some of the technology enhancements are dependent on the space issue being solved first before other backroom changes can be made (The chicken and the egg).\r\n\r\nFor existing PREMIUM SERVICE subscribers there will be a questionnaire released within the next 48 hours to canvas opinions and maybe add in a few more enhancements.\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. 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 “THE TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE PROFIT/LOSS RATIOS:\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\"><img class=\"aligncenter size-full wp-image-5517\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\" alt=\"PROFIT-LOSS RATIO 22032015\" width=\"414\" height=\"582\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\"><img class=\"aligncenter size-full wp-image-5518\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\" alt=\"RISK-REWARD 22032015\" width=\"432\" height=\"547\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\"><img class=\"aligncenter size-full wp-image-5515\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\" alt=\"PREM SERV PROFITS1 22032015\" width=\"454\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\"><img class=\"aligncenter size-full wp-image-5516\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\" alt=\"PREM SERV PROFITS2 22032015\" width=\"461\" height=\"422\" /></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).\r\n\r\n<span style=\"text-decoration: underline;\">4.2. THE PREMIUM SERVICE – LAST WEEK’S 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</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. it also now includes chart analysis based on the weekly candlestick charts.)\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: EUR – ECB Mario Draghi Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – CPi.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: N/A.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – BOC Poloz speaks.\r\n\r\nFRIDAY: USD – GDP.\r\nFRIDAY: USD – FED Janet Yellen speaks.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIf like myself you found last week a difficult week, you can do either one of three things: -\r\n<ol>\r\n	<li>Take a few days off away from your computer screens.</li>\r\n	<li>Get back into trading revitalized after a weekend of reading through the news items that have hit the press with your MACRO / FUNDAMENTAL VIEWS in position ready to attack.</li>\r\n	<li>Gently ease your way back into the markets managing your LIVE /OPEN trades carefully and assess the Asia and European markets responses on Monday morning to the USD sell off on Friday.</li>\r\n</ol>\r\nThere are not as many news events that are market moving this coming week but GREECE is the word….\r\n\r\nThe two boys without ties will be strutting around Brussels looking for the impossible. It is a dangerous game that they are playing and it will no doubt all end in tears, but before that we should get some great sound-bytes from Schauble, Juncker, Dijsselbloem, Weidmann or Nowotny to spice up the week. Getting these does of course create the odd spike in the EUR/USD so be on guard as best you can. Keep stops tighter without being too tight but maybe trade the EUR/USD with a smaller position size to accommodate the potential volatility.\r\n\r\nThere are lots of awkward looking candles on the charts that we will need to review into the early Asian trading later today. So we have a lot to look at early on and establish a clear plan.\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 March 22nd 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\r\n\r\n<strong><span style=\"text-decoration: underline;\">DISCLAIMER &amp; OTHER DATA:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">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<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.\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<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 doubts.','ANGELA MERKEL WAS OVERHEARD SAYING “MARIO PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”','','inherit','open','closed','','5547-revision-v1','','','2015-03-21 15:37:35','2015-03-21 20:37:35','',5547,'https://weeklyfxdrivethru.com/5547-revision-v1/',0,'revision','',0),(5550,1,'2015-03-21 15:39:45','2015-03-21 20:39:45','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>\r\n<strong>DATE: 22.03.2015\r\nREFERENCE: #144\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\n</span>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:\r\n\r\n<span style=\"text-decoration: underline;\">1.1. LOOKING BACKWARDS:</span>\r\n\r\nWell it never happened. My thoughts this time last week were that the FOMC would demolish the EUR/USD. It never happened, in fact, the responses to the statement, the economic projections and the press conference from my perspective were a little weird. So much pre announcement was levied at the “will she or won’t she” with regards to PATIENT, that a lot of what she did or did NOT say was left to one side. I found the statement a little DOVISH, however, at the end of the day, rate increases are still going to happen. Whilst the market has ruled out June in favor of September, nothing is cast in stone.\r\n\r\nSo I thought the reaction rather overkill and due to the fact we more than reversed the currency moves in the EUR/USD and GBP/USD within 24 hours demonstrated that. Some of the moves in particular the late EUR/USD spike to over 1.1000 was ridiculous… but it is what it is, or rather was what it was.\r\n\r\nThe SNB statement the following day was a damp squib in comparison although, if I recall correctly there were some fantastic currency moves around that time, which made up for the non-announcement.\r\n\r\nLast week was one of the craziest trading weeks that I have ever encountered as a Forex trader. If I had thought that the FOMC FX reaction was mad… it paled into complete insignificance with what came on Friday.\r\n\r\nFriday brought CAD core retail sales, from which a loss trade from the previous overnight moves turned nicely positive on weaker data. I was happy, and then we had a massive USD sell-off.\r\n\r\nWhat started as a focus on my USD/CAD trades turned into a full-blown 4.5-hour series of squeezes. The USD was taken to the woodshed with a huge USD sell-off and GOLD rally, plus a divergence rally move between the Nikkei (6J) and the USD/JPY in for good measure. All I could do was to reduce position sizes and move the odd stop here and there to keep the trades that I wanted alive, kept alive. Reducing position sizes created losses to my accounts.\r\n\r\nThe best I could do was look at my trading charts at the outset of the squeeze, and try to see where it would end.\r\n\r\nUsing the EUR/USD 240M chart I thought that the 38% fib retracement would hold, then, I thought the 50%, it was actually the 61.8% 1.0874 (from the post FOMC highs to the ensuing lows) that held the EUR/USD. It was pretty much the same Fibonacci level across the board that finally held most of the pairs.\r\n\r\nMy frustrations, if the above was not enough were of course further exacerbated as towards the end of the previous day I was in a position to bank some nice $$$ across the board and made the decision to try and let the trades run for more profits. Not only did I miss those $$$ I posted losses within 24 hours on those trades and some more.\r\n\r\nAll in all, it was a very frustrating and annoying end to the week. I seem to be in a one step forward, two steps backward routine at the moment. But this is the Forex Market.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2. LOOKING FORWARDS:</span>\r\n\r\nNext week, there are not as many high profile news events to contend with, just three Central Bank governors speak; Draghi, Yellen and Poloz. Hopefully, therefore we will have a more sedate trading week, gather our thoughts and breathe again with some nice directional trading. Yeah right… as if that’s going to happen… hell would freeze over first!\r\n\r\nWe have GREECE. Yup, GREECE is back in the picture again, God love them. “The two tieless flutes” (Tsipras and Varoufakis) will be back in Brussels, Berlin and Frankfurt next week trying to re-negotiate the nonnegotiable. If it looks like PIG, grunts like a PIG guess what it is? Whichever way I view the GREECE V EUROGROUP picture, everything is being done to make it look like its NOT a default but in essence it’s at best a restructuring of debt to avoid a default. This will all end in tears.\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\nWe have had one hell of a ride trading Forex so far this year. This past week was without doubt one of the craziest weeks that I have ever traded, and, for the first part of the week I DID NOT trade much at all!… I was on hold waiting for the FOMC.\r\n\r\nI have spoken with several subscribers over the last few days and many feel like they have been beaten to a pulp, got back up again, then beaten down, back up and beaten down again. They scan TWITTER, GOOGLE+ and watch CNBC or BLOOMBERG to try to obtain a perspective. They find nothing other than “Happy Larry’s” saying buy, buy, buy and then buy some more. Nobody seems to lose money on Twitter either. Everyone appears to “Bottom Pick or Top Tick” the market. It is very depressing.\r\n\r\nI have given this response on more than 4 or 5 occasions referring to the media analysts and barrage of tweets on Twitter etc. who claim parts or most if not all of the following –\r\n\r\n<em>“I never lost money on that move, or the previous big spike or collapse that happened I was in the right way, this is what I made, and these were my entries and exits”</em>\r\n\r\nThis is what I have been saying…..\r\n\r\nIf you have been caught on the wrong side of major spikes and moves more than being on the right side - do not despair; everybody has to be on the wrong side sometimes. If they are never on the wrong side they either DO NOT trade or they are bullsh*****s.\r\n\r\nIf you are sick to the back teeth of the same people on twitter or hosting webinars saying how wonderful trading is and how much money they are making – do not despair; if they never lose money it’s bulls**t, or they simply just DO NOT trade, they are theorists and at best historians by saying look this is what I did.\r\n\r\nIf you see the same people over and over again boasting about nothing but being on the right side of every move – do not despair; either go to Vegas with them if you can, because they are the luckiest bastards around or take it as read they are bullsh*****s.\r\n\r\nWhen you see the same people on twitter or wherever that never lose money, and are always on the right side of very move, always at their machines when a squeeze starts and are in at the bottom of a move higher and out on every top tick – do not despair; they either wear depends, or they are not human; they are bullsh*****s\r\n\r\nIt’s all bulls**t…. there is a lot of bulls**t in Forex. It’s a part of Forex that you have to live with and ignore a lot of it.\r\n\r\nI take losses and I tell you about them in this blog and on twitter. I do the best that I can with the PREMIUM SERVICE to limit losses. I am in Forex for the long-haul and that means that from time to time your account does suffer but it does come back if you stick to your principles.\r\n\r\nMy own trading accounts are out of the money this year so far, mostly due to my FXCM (GBP/CHF) trade. However, not all my losses came from the SNB day, some are from the PREMIUM SERVICE trades where I took larger than single lot trades in my personal account and they failed to make a profit. This creates an imbalance between $$$ and pips profits or losses. This is due to the fact that the size of the trade can influence the $$$, so a small loss on a big position can outweigh a big pip profit move with a small position.\r\n\r\nTo illustrate this – if you have a profitable trade with one mini lot that makes 50 pips it could yield $50, however if you have a 5 mini lot trade that loses 20 pips that could yield a loss of $100 thus outweighing the bigger pip profit of the smaller position. Yet, the single lot PREMIUM SERVICE trading accounts when added together with the trades analyzed through my twitter / email set-ups and my excel spread sheets are <span style=\"text-decoration: underline;\">still in the black - in profit</span>.\r\n\r\nI have subscribers who only trade single lot trades, and make money. The PREMIUM SERVICE worked last year in 2014 and it STILL works this year, as a trader you just have to be more realistic setting goals and objectives.\r\n\r\nThe markets are insatiable when it comes to FEAR and GREED. It is only when FEAR and GREED enter, that the picture changes, greed may make us trade larger position sizes for some currencies that we feel more confident with, or see $$$ in our eyes. Or perhaps we adjust trade sizes to cope with more volatile pairs.\r\n\r\ne.g. If you trade with 5 x MINI lots the EUR/USD. , you should not trade 5 x MINI lots with the GBP/NZD. You may trade just 1 x MINI LOT because of volatility and RISK MANAGEMENT issues associated with this pair.\r\n\r\nWhen different position sizes are used across all the trade set-ups that are presented the mix of position sizes in relation to the profit / loss ratio creates an inconsistent return when correlated to the PREMIUM SERVICE returns.\r\n\r\nConsistency is important, and to establish consistency it may be better to trade a consistent lot size in all trades except for commodity crosses, which are more volatile and involve a higher risk. Therefore this all depends on the size of your broker account and your risk tolerances.\r\n\r\nThis is just food for thought; not just for you as a reader but also for me as the instigator of the PREMIUM SERVICE trade set-ups. Sometimes when something is right in front of your face you still cannot see it.\r\n\r\nLike most of you; <span style=\"text-decoration: underline;\">I am a trader I have skin in the market</span>.\r\n\r\nIf you would like more information on this subject, maybe a chat on SKYPE or an email about this, contact me using the details at the end of this blog.\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>ANGELA MERKEL WAS OVERHEARD SAYING\r\n</strong><strong>“MARIO, PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”</strong></p>\r\nYes, you guessed it – Mr. Casual aka Alexis Tsipras the GREECE Prime Minister was back in Brussels having “off-site” emergency talks with the EUROGROUP regarding the GREEK bailout.\r\n\r\nThis long running saga is really like a west-end farce, in fact it’s now so long running I think that it challenges Agatha Christies “THE MOUSETRAP” that had a phenomenal continuous run in the London theatre. I cannot remember how many weeks it ran for but the GREEK story, God love them, is starting to wear me down. Is it any wonder that Mario Draghi is consuming Raki, Ouzo and Retsina faster than Jeroen Dijsselbloem can say his own surname!\r\n\r\nEnough is enough.\r\n\r\nI firmly believe that the only reason that the EUROGROUP is entertaining “no tie” is because they want to ensure an orderly GREXIT from the single currency. A disorderly GREXIT would place a massive stress on the ECB and the Bundesbank.\r\n\r\nIn an interesting twist however, on Friday the EU Commission President, Jean-Claude Junker released €2 billion on humanitarian grounds to help the Greek government deal with the crisis in the country that is affecting the poor and the hardest hit by the financial crisis.\r\n\r\nWouldn’t you just think…\r\n\r\nAusterity did NOT work; it is STILL NOT WORKING and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nThe Germans are at fault in my opinion. Schauble is a loose cannon that fires up high emotions. Culturally, the Germans and the Greek peoples are worlds apart.\r\n\r\nThe bartering process that “no tie” is in at the moment is a normal Mediterranean way of negotiation, and, whether you believe he has no bargaining chips at all it is totally irrelevant. To Northern Europeans, like Merkel, Hollande, Diijsselbloem and Donald Tusk from Poland who chairs the EUROGROUP summits who quite frankly cannot understand why “no tie” will not move his position, it causes them to become exasperated and dig in their heels. They believe and maybe quite rightly in their eyes that enough is enough and its our way or the highway. This is pure and simple cultural divergence.\r\n\r\nTsipras (no tie), knows that the EUROZONE banks, many of them German and French have lots of €€€€€€ hanging around the GREECE financial sector. This is the backdrop and sword of Damocles hanging over the negotiations. “No tie” fully knows the fragile economy that exists across the EUROZONE would be thrown into turmoil if a disorderly GREXIT were to happen. In the background there is the fear of the Greek government running out of money, but would it actually happen?\r\n\r\nThink outside the box. Both RUSSIA and CHINA would love to get a foothold in the area for many reasons, not just political. Humanitarian grounds would be the sales pitch should either of these nations offer emergency financing.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION….. this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nFor once; do not kick yet another can down the road.\r\n\r\nWhatever words are written on a GREEK BLUEPRINT for economic reforms moving forward may as well be on paper supplied by Tom Cruise’s bosses in Mission Impossible, it will self destruct 30 minutes after signature and the monies are transferred. If the GREEKS could not reform before, gather taxes before, or manage the books before on the previous two bailouts why is it going to work this time. They are more in debt now than when they first came to the table looking for help years ago. It is so sad for GREECE that they were sold a lemon.\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nI am not saying that the U.S. approach was brilliant, quite frankly it made fat cats fatter and moved Wall Street poles apart from Main Street. The poor are poorer and the rich are richer as result of the FED approach in the USA. Poverty is simply swept under the carpet. However, the Ben Bernanke approach was so supportive to the financial markets (ex. Lehman Brothers) that stability and credibility were restored in very good time. Granted, it is still a fragile economy and the economic data shows this. If everything in the garden was “peachy”, interest rates in the U.S. would be at 0.5% by now… they are not.\r\n\r\nBy comparison, and it is hard to compare, as many American commentators some who have been around for years, such as Joe Kernan on CNBC, simply do not understand that the EUROZONE area consists of 28 countries, 19 of these use the € (single currency) plus there are a number of principalities that have monetary agreements like Andorra and Monaco.\r\n\r\nThe USA despite its dysfunctionality is one country. The EUROZONE is not. It is like comparing apples and pears.\r\n\r\nThe FED has an easier job than the ECB - these are basic facts, clear and unambiguous and should be noted when a glib comment is made on U.S. TV by some commentator, pundit or analyst who probably couldn’t even tell you where GREECE is on a map.\r\n\r\nI digress….\r\n\r\nThe stakes are incredibly high and reputations are on the line in Brussels. My fear is that the “can” is being prepared as I type.\r\n\r\nI fear that if a fudged solution is found we will definitely be back at point zero again within a year, with the same issues, same problems, maybe different players around the table.\r\n\r\nFor once… can the EUROGROUP just suck it up and move on doing what is right for the GREEK people not the damn politicians. If business people were managing this from day one we would not be in this mess now.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\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;\">3.2.1 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<p style=\"text-align: center;\">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.</p>\r\n<strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -</strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2. PREMIUM SERVICE – UPDATE ON CHANGES DUE BY APRIL 2015</span>\r\n\r\nChanges are now at stage two, and I am still confident that the vast majority will be ready for April 1<sup>st</sup>, the rest will be drip-fed throughout the second quarter of 2015.\r\n\r\nThe review as I have mentioned before has become far more reaching than I had originally anticipated.\r\n\r\nThe visible web site changes, the communication alternatives, the revised pricing and options on pricing, are relatively quick and easy to implement. It is the backroom making it happen items that you cannot see that are costly that takes the time.\r\n\r\nThe major change that can’t be seen and, probably one of the crucial ones is the space issue. This will NOT make the deadline I imposed. It is NOT a front-end change that would be noticed anyhow and involves my hosting packages and the re-directs that I have. This is so far above my pay grade, and as it does NOT directly effect what I do from day to day, I am not unduly concerned. However, some of the technology enhancements are dependent on the space issue being solved first before other backroom changes can be made (The chicken and the egg).\r\n\r\nFor existing PREMIUM SERVICE subscribers there will be a questionnaire released within the next 48 hours to canvas opinions and maybe add in a few more enhancements.\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. 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 “THE TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\"><img class=\"aligncenter size-full wp-image-5517\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\" alt=\"PROFIT-LOSS RATIO 22032015\" width=\"414\" height=\"582\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\"><img class=\"aligncenter size-full wp-image-5518\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\" alt=\"RISK-REWARD 22032015\" width=\"432\" height=\"547\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\"><img class=\"aligncenter size-full wp-image-5515\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\" alt=\"PREM SERV PROFITS1 22032015\" width=\"454\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\"><img class=\"aligncenter size-full wp-image-5516\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\" alt=\"PREM SERV PROFITS2 22032015\" width=\"461\" height=\"422\" /></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).\r\n\r\n<span style=\"text-decoration: underline;\">4.2. THE PREMIUM SERVICE – LAST WEEK’S 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</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. it also now includes chart analysis based on the weekly candlestick charts.)\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: EUR – ECB Mario Draghi Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – CPi.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: N/A.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – BOC Poloz speaks.\r\n\r\nFRIDAY: USD – GDP.\r\nFRIDAY: USD – FED Janet Yellen speaks.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIf like myself you found last week a difficult week, you can do either one of three things: -\r\n<ol>\r\n	<li>Take a few days off away from your computer screens.</li>\r\n	<li>Get back into trading revitalized after a weekend of reading through the news items that have hit the press with your MACRO / FUNDAMENTAL VIEWS in position ready to attack.</li>\r\n	<li>Gently ease your way back into the markets managing your LIVE /OPEN trades carefully and assess the Asia and European markets responses on Monday morning to the USD sell off on Friday.</li>\r\n</ol>\r\nThere are not as many news events that are market moving this coming week but GREECE is the word….\r\n\r\nThe two boys without ties will be strutting around Brussels looking for the impossible. It is a dangerous game that they are playing and it will no doubt all end in tears, but before that we should get some great sound-bytes from Schauble, Juncker, Dijsselbloem, Weidmann or Nowotny to spice up the week. Getting these does of course create the odd spike in the EUR/USD so be on guard as best you can. Keep stops tighter without being too tight but maybe trade the EUR/USD with a smaller position size to accommodate the potential volatility.\r\n\r\nThere are lots of awkward looking candles on the charts that we will need to review into the early Asian trading later today. So we have a lot to look at early on and establish a clear plan.\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 March 22nd 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\r\n\r\n<strong><span style=\"text-decoration: underline;\">DISCLAIMER &amp; OTHER DATA:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">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<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.\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<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 doubts.','ANGELA MERKEL WAS OVERHEARD SAYING “MARIO PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”','','inherit','open','closed','','5547-revision-v1','','','2015-03-21 15:39:45','2015-03-21 20:39:45','',5547,'https://weeklyfxdrivethru.com/5547-revision-v1/',0,'revision','',0),(5549,1,'2015-03-21 15:38:57','2015-03-21 20:38:57','<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>\r\n<strong>DATE: 22.03.2015\r\nREFERENCE: #144\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\n</span>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:\r\n\r\n<span style=\"text-decoration: underline;\">1.1. LOOKING BACKWARDS:</span>\r\n\r\nWell it never happened. My thoughts this time last week were that the FOMC would demolish the EUR/USD. It never happened, in fact, the responses to the statement, the economic projections and the press conference from my perspective were a little weird. So much pre announcement was levied at the “will she or won’t she” with regards to PATIENT, that a lot of what she did or did NOT say was left to one side. I found the statement a little DOVISH, however, at the end of the day, rate increases are still going to happen. Whilst the market has ruled out June in favor of September, nothing is cast in stone.\r\n\r\nSo I thought the reaction rather overkill and due to the fact we more than reversed the currency moves in the EUR/USD and GBP/USD within 24 hours demonstrated that. Some of the moves in particular the late EUR/USD spike to over 1.1000 was ridiculous… but it is what it is, or rather was what it was.\r\n\r\nThe SNB statement the following day was a damp squib in comparison although, if I recall correctly there were some fantastic currency moves around that time, which made up for the non-announcement.\r\n\r\nLast week was one of the craziest trading weeks that I have ever encountered as a Forex trader. If I had thought that the FOMC FX reaction was mad… it paled into complete insignificance with what came on Friday.\r\n\r\nFriday brought CAD core retail sales, from which a loss trade from the previous overnight moves turned nicely positive on weaker data. I was happy, and then we had a massive USD sell-off.\r\n\r\nWhat started as a focus on my USD/CAD trades turned into a full-blown 4.5-hour series of squeezes. The USD was taken to the woodshed with a huge USD sell-off and GOLD rally, plus a divergence rally move between the Nikkei (6J) and the USD/JPY in for good measure. All I could do was to reduce position sizes and move the odd stop here and there to keep the trades that I wanted alive, kept alive. Reducing position sizes created losses to my accounts.\r\n\r\nThe best I could do was look at my trading charts at the outset of the squeeze, and try to see where it would end.\r\n\r\nUsing the EUR/USD 240M chart I thought that the 38% fib retracement would hold, then, I thought the 50%, it was actually the 61.8% 1.0874 (from the post FOMC highs to the ensuing lows) that held the EUR/USD. It was pretty much the same Fibonacci level across the board that finally held most of the pairs.\r\n\r\nMy frustrations, if the above was not enough were of course further exacerbated as towards the end of the previous day I was in a position to bank some nice $$$ across the board and made the decision to try and let the trades run for more profits. Not only did I miss those $$$ I posted losses within 24 hours on those trades and some more.\r\n\r\nAll in all, it was a very frustrating and annoying end to the week. I seem to be in a one step forward, two steps backward routine at the moment. But this is the Forex Market.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2. LOOKING FORWARDS:</span>\r\n\r\nNext week, there are not as many high profile news events to contend with, just three Central Bank governors speak; Draghi, Yellen and Poloz. Hopefully, therefore we will have a more sedate trading week, gather our thoughts and breathe again with some nice directional trading. Yeah right… as if that’s going to happen… hell would freeze over first!\r\n\r\nWe have GREECE. Yup, GREECE is back in the picture again, God love them. “The two tieless flutes” (Tsipras and Varoufakis) will be back in Brussels, Berlin and Frankfurt next week trying to re-negotiate the nonnegotiable. If it looks like PIG, grunts like a PIG guess what it is? Whichever way I view the GREECE V EUROGROUP picture, everything is being done to make it look like its NOT a default but in essence it’s at best a restructuring of debt to avoid a default. This will all end in tears.\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\nWe have had one hell of a ride trading Forex so far this year. This past week was without doubt one of the craziest weeks that I have ever traded, and, for the first part of the week I DID NOT trade much at all!… I was on hold waiting for the FOMC.\r\n\r\nI have spoken with several subscribers over the last few days and many feel like they have been beaten to a pulp, got back up again, then beaten down, back up and beaten down again. They scan TWITTER, GOOGLE+ and watch CNBC or BLOOMBERG to try to obtain a perspective. They find nothing other than “Happy Larry’s” saying buy, buy, buy and then buy some more. Nobody seems to lose money on Twitter either. Everyone appears to “Bottom Pick or Top Tick” the market. It is very depressing.\r\n\r\nI have given this response on more than 4 or 5 occasions referring to the media analysts and barrage of tweets on Twitter etc. who claim parts or most if not all of the following –\r\n\r\n<em>“I never lost money on that move, or the previous big spike or collapse that happened I was in the right way, this is what I made, and these were my entries and exits”</em>\r\n\r\nThis is what I have been saying…..\r\n\r\nIf you have been caught on the wrong side of major spikes and moves more than being on the right side - do not despair; everybody has to be on the wrong side sometimes. If they are never on the wrong side they either DO NOT trade or they are bullsh*****s.\r\n\r\nIf you are sick to the back teeth of the same people on twitter or hosting webinars saying how wonderful trading is and how much money they are making – do not despair; if they never lose money it’s bulls**t, or they simply just DO NOT trade, they are theorists and at best historians by saying look this is what I did.\r\n\r\nIf you see the same people over and over again boasting about nothing but being on the right side of every move – do not despair; either go to Vegas with them if you can, because they are the luckiest bastards around or take it as read they are bullsh*****s.\r\n\r\nWhen you see the same people on twitter or wherever that never lose money, and are always on the right side of very move, always at their machines when a squeeze starts and are in at the bottom of a move higher and out on every top tick – do not despair; they either wear depends, or they are not human; they are bullsh*****s\r\n\r\nIt’s all bulls**t…. there is a lot of bulls**t in Forex. It’s a part of Forex that you have to live with and ignore a lot of it.\r\n\r\nI take losses and I tell you about them in this blog and on twitter. I do the best that I can with the PREMIUM SERVICE to limit losses. I am in Forex for the long-haul and that means that from time to time your account does suffer but it does come back if you stick to your principles.\r\n\r\nMy own trading accounts are out of the money this year so far, mostly due to my FXCM (GBP/CHF) trade. However, not all my losses came from the SNB day, some are from the PREMIUM SERVICE trades where I took larger than single lot trades in my personal account and they failed to make a profit. This creates an imbalance between $$$ and pips profits or losses. This is due to the fact that the size of the trade can influence the $$$, so a small loss on a big position can outweigh a big pip profit move with a small position.\r\n\r\nTo illustrate this – if you have a profitable trade with one mini lot that makes 50 pips it could yield $50, however if you have a 5 mini lot trade that loses 20 pips that could yield a loss of $100 thus outweighing the bigger pip profit of the smaller position. Yet, the single lot PREMIUM SERVICE trading accounts when added together with the trades analyzed through my twitter / email set-ups and my excel spread sheets are <span style=\"text-decoration: underline;\">still in the black - in profit</span>.\r\n\r\nI have subscribers who only trade single lot trades, and make money. The PREMIUM SERVICE worked last year in 2014 and it STILL works this year, as a trader you just have to be more realistic setting goals and objectives.\r\n\r\nThe markets are insatiable when it comes to FEAR and GREED. It is only when FEAR and GREED enter, that the picture changes, greed may make us trade larger position sizes for some currencies that we feel more confident with, or see $$$ in our eyes. Or perhaps we adjust trade sizes to cope with more volatile pairs.\r\n\r\ne.g. If you trade with 5 x MINI lots the EUR/USD. , you should not trade 5 x MINI lots with the GBP/NZD. You may trade just 1 x MINI LOT because of volatility and RISK MANAGEMENT issues associated with this pair.\r\n\r\nWhen different position sizes are used across all the trade set-ups that are presented the mix of position sizes in relation to the profit / loss ratio creates an inconsistent return when correlated to the PREMIUM SERVICE returns.\r\n\r\nConsistency is important, and to establish consistency it may be better to trade a consistent lot size in all trades except for commodity crosses, which are more volatile and involve a higher risk. Therefore this all depends on the size of your broker account and your risk tolerances.\r\n\r\nThis is just food for thought; not just for you as a reader but also for me as the instigator of the PREMIUM SERVICE trade set-ups. Sometimes when something is right in front of your face you still cannot see it.\r\n\r\nLike most of you; <span style=\"text-decoration: underline;\">I am a trader I have skin in the market</span>.\r\n\r\nIf you would like more information on this subject, maybe a chat on SKYPE or an email about this, contact me using the details at the end of this blog.\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>ANGELA MERKEL WAS OVERHEARD SAYING\r\n</strong><strong>“MARIO, PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”</strong></p>\r\nYes, you guessed it – Mr. Casual aka Alexis Tsipras the GREECE Prime Minister was back in Brussels having “off-site” emergency talks with the EUROGROUP regarding the GREEK bailout.\r\n\r\nThis long running saga is really like a west-end farce, in fact it’s now so long running I think that it challenges Agatha Christies “THE MOUSETRAP” that had a phenomenal continuous run in the London theatre. I cannot remember how many weeks it ran for but the GREEK story, God love them, is starting to wear me down. Is it any wonder that Mario Draghi is consuming Raki, Ouzo and Retsina faster than Jeroen Dijsselbloem can say his own surname!\r\n\r\nEnough is enough.\r\n\r\nI firmly believe that the only reason that the EUROGROUP is entertaining “no tie” is because they want to ensure an orderly GREXIT from the single currency. A disorderly GREXIT would place a massive stress on the ECB and the Bundesbank.\r\n\r\nIn an interesting twist however, on Friday the EU Commission President, Jean-Claude Junker released €2 billion on humanitarian grounds to help the Greek government deal with the crisis in the country that is affecting the poor and the hardest hit by the financial crisis.\r\n\r\nWouldn’t you just think…\r\n\r\nAusterity did NOT work; it is STILL NOT WORKING and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nThe Germans are at fault in my opinion. Schauble is a loose cannon that fires up high emotions. Culturally, the Germans and the Greek peoples are worlds apart.\r\n\r\nThe bartering process that “no tie” is in at the moment is a normal Mediterranean way of negotiation, and, whether you believe he has no bargaining chips at all it is totally irrelevant. To Northern Europeans, like Merkel, Hollande, Diijsselbloem and Donald Tusk from Poland who chairs the EUROGROUP summits who quite frankly cannot understand why “no tie” will not move his position, it causes them to become exasperated and dig in their heels. They believe and maybe quite rightly in their eyes that enough is enough and its our way or the highway. This is pure and simple cultural divergence.\r\n\r\nTsipras (no tie), knows that the EUROZONE banks, many of them German and French have lots of €€€€€€ hanging around the GREECE financial sector. This is the backdrop and sword of Damocles hanging over the negotiations. “No tie” fully knows the fragile economy that exists across the EUROZONE would be thrown into turmoil if a disorderly GREXIT were to happen. In the background there is the fear of the Greek government running out of money, but would it actually happen?\r\n\r\nThink outside the box. Both RUSSIA and CHINA would love to get a foothold in the area for many reasons, not just political. Humanitarian grounds would be the sales pitch should either of these nations offer emergency financing.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION….. this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nFor once; do not kick yet another can down the road.\r\n\r\nWhatever words are written on a GREEK BLUEPRINT for economic reforms moving forward may as well be on paper supplied by Tom Cruise’s bosses in Mission Impossible, it will self destruct 30 minutes after signature and the monies are transferred. If the GREEKS could not reform before, gather taxes before, or manage the books before on the previous two bailouts why is it going to work this time. They are more in debt now than when they first came to the table looking for help years ago. It is so sad for GREECE that they were sold a lemon.\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nI am not saying that the U.S. approach was brilliant, quite frankly it made fat cats fatter and moved Wall Street poles apart from Main Street. The poor are poorer and the rich are richer as result of the FED approach in the USA. Poverty is simply swept under the carpet. However, the Ben Bernanke approach was so supportive to the financial markets (ex. Lehman Brothers) that stability and credibility were restored in very good time. Granted, it is still a fragile economy and the economic data shows this. If everything in the garden was “peachy”, interest rates in the U.S. would be at 0.5% by now… they are not.\r\n\r\nBy comparison, and it is hard to compare, as many American commentators some who have been around for years, such as Joe Kernan on CNBC, simply do not understand that the EUROZONE area consists of 28 countries, 19 of these use the € (single currency) plus there are a number of principalities that have monetary agreements like Andorra and Monaco.\r\n\r\nThe USA despite its dysfunctionality is one country. The EUROZONE is not. It is like comparing apples and pears.\r\n\r\nThe FED has an easier job than the ECB - these are basic facts, clear and unambiguous and should be noted when a glib comment is made on U.S. TV by some commentator, pundit or analyst who probably couldn’t even tell you where GREECE is on a map.\r\n\r\nI digress….\r\n\r\nThe stakes are incredibly high and reputations are on the line in Brussels. My fear is that the “can” is being prepared as I type.\r\n\r\nI fear that if a fudged solution is found we will definitely be back at point zero again within a year, with the same issues, same problems, maybe different players around the table.\r\n\r\nFor once… can the EUROGROUP just suck it up and move on doing what is right for the GREEK people not the damn politicians. If business people were managing this from day one we would not be in this mess now.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:</span></strong>&nbsp;</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;\">3.2.1 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<p style=\"text-align: center;\">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.</p>\r\n<strong>THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -</strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.2.2. PREMIUM SERVICE – UPDATE ON CHANGES DUE BY APRIL 2015</span>\r\n\r\nChanges are now at stage two, and I am still confident that the vast majority will be ready for April 1<sup>st</sup>, the rest will be drip-fed throughout the second quarter of 2015.\r\n\r\nThe review as I have mentioned before has become far more reaching than I had originally anticipated.\r\n\r\nThe visible web site changes, the communication alternatives, the revised pricing and options on pricing, are relatively quick and easy to implement. It is the backroom making it happen items that you cannot see that are costly that takes the time.\r\n\r\nThe major change that can’t be seen and, probably one of the crucial ones is the space issue. This will NOT make the deadline I imposed. It is NOT a front-end change that would be noticed anyhow and involves my hosting packages and the re-directs that I have. This is so far above my pay grade, and as it does NOT directly effect what I do from day to day, I am not unduly concerned. However, some of the technology enhancements are dependent on the space issue being solved first before other backroom changes can be made (The chicken and the egg).\r\n\r\nFor existing PREMIUM SERVICE subscribers there will be a questionnaire released within the next 48 hours to canvas opinions and maybe add in a few more enhancements.\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. 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 “THE TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\"><img class=\"aligncenter size-full wp-image-5517\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-RATIO-22032015.png\" alt=\"PROFIT-LOSS RATIO 22032015\" width=\"414\" height=\"582\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\"><img class=\"aligncenter size-full wp-image-5518\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-22032015.png\" alt=\"RISK-REWARD 22032015\" width=\"432\" height=\"547\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\"><img class=\"aligncenter size-full wp-image-5515\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-22032015.png\" alt=\"PREM SERV PROFITS1 22032015\" width=\"454\" height=\"420\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\"><img class=\"aligncenter size-full wp-image-5516\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-22032015.png\" alt=\"PREM SERV PROFITS2 22032015\" width=\"461\" height=\"422\" /></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).\r\n\r\n<span style=\"text-decoration: underline;\">4.2. THE PREMIUM SERVICE – LAST WEEK’S 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</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. it also now includes chart analysis based on the weekly candlestick charts.)\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: EUR – ECB Mario Draghi Speaks.\r\nMONDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nTUESDAY: EUR – French &amp; German Flash Manufacturing PMI.\r\nTUESDAY: GBP – CPi.\r\nTUESDAY: USD – CPi.\r\nTUESDAY: NZD – Trade Balance.\r\n\r\nWEDNESDAY: N/A.\r\n\r\nTHURSDAY: GBP – Retail Sales.\r\nTHURSDAY: CAD – BOC Poloz speaks.\r\n\r\nFRIDAY: USD – GDP.\r\nFRIDAY: USD – FED Janet Yellen speaks.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIf like myself you found last week a difficult week, you can do either one of three things: -\r\n<ol>\r\n	<li>Take a few days off away from your computer screens.</li>\r\n	<li>Get back into trading revitalized after a weekend of reading through the news items that have hit the press with your MACRO / FUNDAMENTAL VIEWS in position ready to attack.</li>\r\n	<li>Gently ease your way back into the markets managing your LIVE /OPEN trades carefully and assess the Asia and European markets responses on Monday morning to the USD sell off on Friday.</li>\r\n</ol>\r\nThere are not as many news events that are market moving this coming week but GREECE is the word….\r\n\r\nThe two boys without ties will be strutting around Brussels looking for the impossible. It is a dangerous game that they are playing and it will no doubt all end in tears, but before that we should get some great sound-bytes from Schauble, Juncker, Dijsselbloem, Weidmann or Nowotny to spice up the week. Getting these does of course create the odd spike in the EUR/USD so be on guard as best you can. Keep stops tighter without being too tight but maybe trade the EUR/USD with a smaller position size to accommodate the potential volatility.\r\n\r\nThere are lots of awkward looking candles on the charts that we will need to review into the early Asian trading later today. So we have a lot to look at early on and establish a clear plan.\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 March 22nd 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\r\n\r\n<strong><span style=\"text-decoration: underline;\">DISCLAIMER &amp; OTHER DATA:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">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<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.\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<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 doubts.','ANGELA MERKEL WAS OVERHEARD SAYING “MARIO PASS ME THAT BOTTLE OF OUZO and JEROEN STOP PIGGING ON THE TZATZIKI”','','inherit','open','closed','','5547-revision-v1','','','2015-03-21 15:38:57','2015-03-21 20:38:57','',5547,'https://weeklyfxdrivethru.com/5547-revision-v1/',0,'revision','',0),(5552,16,'2015-03-23 10:52:31','2015-03-23 15:52:31','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<h4>Welcome to the PREMIUM SERVICE section of the WEEKLY FX DRIVE THRU.</h4>\r\n\r\n<p>Thank you for your subscription. I hope that you will find the content inside the PREMIUM SERVICE subscriber section of great use to support your Forex Trading. Inside you will find a library of exclusive content to aid your Forex Trading.\r\n</p>\r\n\r\n\r\n<ul>\r\n<li>There are copies of the PREMIUM SERVICE versions of my main blog THE WEEKLY FX DRIVE THRU. </li>\r\n\r\n<li>Dates of upcoming webinars. </li>\r\n\r\n<li>Confirmation of the release dates of the WEEKLY FX DRIVE THRU blog.</li>\r\n\r\n<li>Under the TRADING SUMMARIES section there is a complete summary of all the excel spreadsheets that were published in the “WEEKLY” blog that support the PREMIUM SERVICE performance.</li>\r\n\r\n<li>Inside the EDUCATION section everything you need from a FX Glossary to how to read Candlestick charts as well as a full list of Trading Essentials articles from the WEEKLY FX DRIVE THRU.</li>\r\n\r\n<li>Details about one-on-one coaching and mentoring programs.</li>\r\n\r\n<li>Entrance to the Chat Room (coming soon)</li>\r\n\r\n<li>Finally a complete list of my BUSINESS PARTNERS. If you want to partner closer with the PREMIUM SERVICE and wish to avail of my partners services just click on their banner anywhere on my website.</li>\r\n</ul>\r\n\r\n<h4>PLEASE NOTE:</h4>\r\n\r\n<p>Dates of sales presentations and general Forex based seminars with or without my BUSINESS PARTNERS are noted on the welcome page on the WEEKLY FX DRIVE THRU. The appropriate tab is at the top of the welcome page. \r\n</p>\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2015-03-23 10:52:31','2015-03-23 15:52:31','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(5553,16,'2015-03-23 11:06:16','2015-03-23 16:06:16','<section class=\"members\">\r\n\r\n<p>Over the past 12 months or so, I have been asked about providing specific training and a longer term mentoring program.\r\n\r\nI decided at the time that I wanted to leave this area to one side and place on hold until I had a full year of the PREMIUM SERVICE behind me.\r\n\r\nThere will always be timing issues surrounding this subject matter and the fact that PREMIUM SERVICE subscribers are located all over the world there is an added complication. At the moment, I am based just outside of Montreal, Canada (EDT New York time). We all trade Forex the time differences are a challenge but not insurmountable.\r\n</p>\r\n\r\n<p>If you want a little more: -</p>\r\n\r\n<ul>\r\n<li>Background to the working of the Forex Market.</li>\r\n\r\n<li>Specific coaching on an area of Forex. </li>\r\n\r\n\r\n\r\n<li>A longer-term support program on all aspects of the Forex Market with a weekly review. </li>\r\n</ul>\r\n\r\n<p>Basically, whatever you want just ask me. If I can accommodate your request from both my ability to deliver the content and the timing I will give you a YES or NO response.\r\n\r\nThe cost of this depends upon exactly what you want initially and longer-term. I am in the Forex Market for the long haul. \r\n\r\nThis is not a “smash and grab” business. Longevity, is the key to all aspects of Forex, training included. It is a step-by-step methodical approach; you test it, and then move on.\r\n\r\nFor any questions in connection with this area please in the first instance email with as much detail as possible to: - premiumservice@weeklyfxdrivethru.com\r\n</p>\r\n</section>','MENTORING and ONE-ON-ONE COACHING:','','publish','open','closed','','mentoring-and-one-on-one-coaching','','','2015-12-21 09:43:47','2015-12-21 14:43:47','',0,'https://weeklyfxdrivethru.com/?page_id=5553',0,'page','',0),(5554,16,'2015-03-23 11:01:30','2015-03-23 16:01:30','<p>Over the past 12 months or so, I have been asked about providing specific training and a longer term mentoring program.\r\n\r\nI decided at the time that I wanted to leave this area to one side and place on hold until I had a full year of the PREMIUM SERVICE behind me.\r\n\r\nThere will always be timing issues surrounding this subject matter and the fact that PREMIUM SERVICE subscribers are located all over the world there is an added complication. At the moment, I am based just outside of Montreal, Canada (EDT New York time). We all trade Forex the time differences are a challenge but not insurmountable.\r\n</p>\r\n\r\n<p>If you want a little more: -</p>\r\n\r\n<ul>\r\n<li>Background to the working of the Forex Market.</li>\r\n\r\n<li>Specific coaching on an area of Forex. <b>or</b></li>\r\n\r\n\r\n\r\n<li>A longer-term support program on all aspects of the Forex Market with a weekly review. </li>\r\n</ul>\r\n\r\n<p>Basically, whatever you want just ask me. If I can accommodate your request from both my ability to deliver the content and the timing I will give you a YES or NO response.\r\n\r\nThe cost of this depends upon exactly what you want initially and longer-term. I am in the Forex Market for the long haul. \r\n\r\nThis is not a “smash and grab” business. Longevity, is the key to all aspects of Forex, training included. It is a step-by-step methodical approach; you test it, and then move on.\r\n\r\nFor any questions in connection with this area please in the first instance email with as much detail as possible to: - premiumservice@weeklyfxdrivethru.com\r\n</p>','MENTORING and ONE-ON-ONE COACHING:','','inherit','open','closed','','5553-revision-v1','','','2015-03-23 11:01:30','2015-03-23 16:01:30','',5553,'https://weeklyfxdrivethru.com/5553-revision-v1/',0,'revision','',0),(5555,16,'2015-03-23 11:03:18','2015-03-23 16:03:18','<section class=\"members\">\r\n\r\n<p>Over the past 12 months or so, I have been asked about providing specific training and a longer term mentoring program.\r\n\r\nI decided at the time that I wanted to leave this area to one side and place on hold until I had a full year of the PREMIUM SERVICE behind me.\r\n\r\nThere will always be timing issues surrounding this subject matter and the fact that PREMIUM SERVICE subscribers are located all over the world there is an added complication. At the moment, I am based just outside of Montreal, Canada (EDT New York time). We all trade Forex the time differences are a challenge but not insurmountable.\r\n</p>\r\n\r\n<p>If you want a little more: -</p>\r\n\r\n<ul>\r\n<li>Background to the working of the Forex Market.</li>\r\n\r\n<li>Specific coaching on an area of Forex. </li>\r\n\r\n\r\n\r\n<li>A longer-term support program on all aspects of the Forex Market with a weekly review. </li>\r\n</ul>\r\n\r\n<p>Basically, whatever you want just ask me. If I can accommodate your request from both my ability to deliver the content and the timing I will give you a YES or NO response.\r\n\r\nThe cost of this depends upon exactly what you want initially and longer-term. I am in the Forex Market for the long haul. \r\n\r\nThis is not a “smash and grab” business. Longevity, is the key to all aspects of Forex, training included. It is a step-by-step methodical approach; you test it, and then move on.\r\n\r\nFor any questions in connection with this area please in the first instance email with as much detail as possible to: - premiumservice@weeklyfxdrivethru.com\r\n</p>\r\n</section>','MENTORING and ONE-ON-ONE COACHING:','','inherit','open','closed','','5553-revision-v1','','','2015-03-23 11:03:18','2015-03-23 16:03:18','',5553,'https://weeklyfxdrivethru.com/5553-revision-v1/',0,'revision','',0),(5556,16,'2015-03-23 11:09:01','2015-03-23 16:09:01','','Mentoring and Coaching','','publish','open','closed','','mentoring','','','2017-01-09 11:02:06','2017-01-09 16:02:06','',0,'https://weeklyfxdrivethru.com/?p=5556',21,'nav_menu_item','',0),(5557,16,'2015-03-23 11:13:20','2015-03-23 16:13:20','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Essentials</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a><a title=\"Mentoring and one-on-one coaching\" href=\"./mentoring-and-one-on-one-coaching/\">Mentoring</a></div></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2015-03-23 11:13:20','2015-03-23 16:13:20','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(5559,16,'2015-03-23 11:24:56','2015-03-23 16:24:56','<section class=\"members\">\r\n\r\n</section>','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:24:56','2015-03-23 16:24:56','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5560,16,'2015-03-23 11:26:51','2015-03-23 16:26:51','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a></div>\n</section>','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-autosave-v1','','','2015-03-23 11:26:51','2015-03-23 16:26:51','',5558,'https://weeklyfxdrivethru.com/5558-autosave-v1/',0,'revision','',0),(5561,16,'2015-03-23 11:28:00','2015-03-23 16:28:00','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"./blog-posts/\">Premium Service Blog Posts</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></div>\r\n</section>','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:28:00','2015-03-23 16:28:00','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5562,16,'2015-03-23 11:29:48','2015-03-23 16:29:48','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"./member_posts/\">Premium Service Blog Posts</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></div>\r\n</section>\r\n','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:29:48','2015-03-23 16:29:48','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5563,16,'2015-03-23 11:31:48','2015-03-23 16:31:48','','Premium Service Blogs / Dates','','publish','open','closed','','5563','','','2017-01-09 11:02:06','2017-01-09 16:02:06','',0,'https://weeklyfxdrivethru.com/?p=5563',3,'nav_menu_item','',0),(5564,16,'2015-03-23 11:34:25','2015-03-23 16:34:25','<section class=\"members\"><div style=\"text-decoration: underline;\"><a title=\"Premium Service Blog Posts\" href=\"https://weeklyfxdrivethru.com/member_posts/\">Premium Service Blog Posts</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></div>\r\n</section>\r\n\r\n','PREMIUM SERVICE BLOGS / Dates','','inherit','open','closed','','5558-revision-v1','','','2015-03-23 11:34:25','2015-03-23 16:34:25','',5558,'https://weeklyfxdrivethru.com/5558-revision-v1/',0,'revision','',0),(5566,16,'2015-03-24 10:08:51','2015-03-24 15:08:51','\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for The Premium Service 6 months ago and it really has helped me to learn about trading much faster than I was doing on my own. I had been trading for about a year before that without much success. I really felt very isolated and found reading the charts particularly frustrating. Since following you, I really appreciate the chart guidance and also the suggested entry levels. I am now making slow (small) but steady profits.\r\nI find the weekly blog really sets me up for the coming week. You are also very accessible when I need instant guidance.\r\nKeep up the good work,\r\n</p>\r\n\r\n<p class=\"name\">BrendaD – Dublin</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">Bonjour / Hi Scott,\r\n\r\nJust wanted to let you know that I am progressing well since signing up for The Premium Service. I wish you lived closer so I could stop by and spend a day trading with you. You really understand what it’s like for us \"Newbie Traders\" as you call us. There is so much information out there I didn’t know what to focus on. There really are no forums like yours for new traders; at least not in the personalized way you have helped me. I like the Twitter alerts and I usually take a few of those flash trades you put out, otherwise I would miss them, as I am not at my computer all day. I hope to be able to trade full time eventually, but for now I am learning and trying to grow my account. Thank you for helping with my learning curve, I have progressed much faster since signing up. The Web site is great; I go there often to look up past posts and education. You have a great sense of humour too - I think we need that as Traders because it can be very hard.\r\nThank you,\r\n</p>\r\n\r\n<p class=\"name\">\r\nM.B. - Paris</p>\r\n</blockquote>\r\n\r\n\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">I had been trading for a about a year when I found your Weekly Fx Drive Thru blog on Twitter. From this I decided to subscribe to the Premium Service. I am making some money now from trading and I am grateful for your help. I like all the research articles on your website. I am definitely going to re-subscribe again next year and I think having a separate broker account for your trades is a great idea. Thank you.\r\n</p>\r\n\r\n<p class=\"name\">\r\nPaul R. Berlin</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for the annual subscription of Premium Service. Trading is much harder than I was led to believe by those out there who make it sound like you can make big bucks quickly. There is so much to learn in the beginning, I felt overwhelmed. Working with you has really helped me keep my head above water. I find your honesty refreshing and I really understand your rationale on analysis. When I read the education sections I feel that they are aimed directly at me - I seem to fall into most of the traps, so recognizing that has really helped me.\r\nThank you for your guidance, it really has made a difference, I really like the single lot trading and having a separate broker,  I can see very clearly what I am doing. I also get a good laugh from you now and then when I am having bleak trading days - that helps more than you know!\r\nBest Regards,</p>\r\n\r\n<p class=\"name\">\r\n\r\nRoger - London</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nI recommend the PREMIUM SERVICE to all new traders. It gives me a focus and I now see why it is not so easy to make money as my broker told me it would be. I thought it was me. It is hard to make money but I am doing so now, I have a better understanding. I now understand risk management and I have a trade plan. I joined for a year and it was well worth it and I have my fees for next year already. I have now switched to one of your brokers as well - much better.\r\n</p>\r\n\r\n<p class=\"name\">Ross D – Niagara Falls</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nBeing new to Forex, I signed up for your set-ups to help me understand where to enter and exit better. It is still difficult for me to grasp fully but I am much, much better than before I found the Premium Service.\r\n</p>\r\n\r\n<p class=\"name\">Svetlana (Berlin)</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nMr Pickering\r\nI like Forex but could not make money. I join in with Premium Service and now it helps me. I am still learning but you help me. I now not lose money and trade with smaller lots and wider stops for volatility so I am not stopped as much. Thank you for help. Sorry about my English. \r\n</p>\r\n\r\n<p class=\"name\">Yang from Hong Kong</p>\r\n</blockquote>\r\n\r\n\r\n','Testimonials','','inherit','open','closed','','5565-revision-v1','','','2015-03-24 10:08:51','2015-03-24 15:08:51','',5565,'https://weeklyfxdrivethru.com/5565-revision-v1/',0,'revision','',0),(5567,16,'2015-03-24 10:13:14','2015-03-24 15:13:14',' ','','','publish','open','closed','','5567','','','2016-12-05 11:39:21','2016-12-05 16:39:21','',0,'https://weeklyfxdrivethru.com/?p=5567',4,'nav_menu_item','',0),(5573,16,'2015-03-26 08:31:02','2015-03-26 13:31:02','','PremiumServiceTweet','','inherit','open','closed','','premiumservicetweet','','','2015-03-26 08:31:15','2015-03-26 13:31:15','',5565,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg',0,'attachment','image/jpeg',0),(5574,16,'2015-03-26 08:31:47','2015-03-26 13:31:47','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\" alt=\"PremiumServiceTweet\" width=\"800\" class=\"alignleft size-full wp-image-5573\" /></a>\n<blockquote>\n<p class=\"quote\">Hi Scott,\nI signed up for The Premium Service 6 months ago and it really has helped me to learn about trading much faster than I was doing on my own. I had been trading for about a year before that without much success. I really felt very isolated and found reading the charts particularly frustrating. Since following you, I really appreciate the chart guidance and also the suggested entry levels. I am now making slow (small) but steady profits.\nI find the weekly blog really sets me up for the coming week. You are also very accessible when I need instant guidance.\nKeep up the good work,\n</p>\n\n<p class=\"name\">BrendaD – Dublin</p>\n</blockquote>\n\n<blockquote>\n<p class=\"quote\">Bonjour / Hi Scott,\n\nJust wanted to let you know that I am progressing well since signing up for The Premium Service. I wish you lived closer so I could stop by and spend a day trading with you. You really understand what it’s like for us \"Newbie Traders\" as you call us. There is so much information out there I didn’t know what to focus on. There really are no forums like yours for new traders; at least not in the personalized way you have helped me. I like the Twitter alerts and I usually take a few of those flash trades you put out, otherwise I would miss them, as I am not at my computer all day. I hope to be able to trade full time eventually, but for now I am learning and trying to grow my account. Thank you for helping with my learning curve, I have progressed much faster since signing up. The Web site is great; I go there often to look up past posts and education. You have a great sense of humour too - I think we need that as Traders because it can be very hard.\nThank you,\n</p>\n\n<p class=\"name\">\nM.B. - Paris</p>\n</blockquote>\n\n\n\n\n<blockquote>\n<p class=\"quote\">I had been trading for a about a year when I found your Weekly Fx Drive Thru blog on Twitter. From this I decided to subscribe to the Premium Service. I am making some money now from trading and I am grateful for your help. I like all the research articles on your website. I am definitely going to re-subscribe again next year and I think having a separate broker account for your trades is a great idea. Thank you.\n</p>\n\n<p class=\"name\">\nPaul R. Berlin</p>\n</blockquote>\n\n\n<blockquote>\n<p class=\"quote\">Hi Scott,\nI signed up for the annual subscription of Premium Service. Trading is much harder than I was led to believe by those out there who make it sound like you can make big bucks quickly. There is so much to learn in the beginning, I felt overwhelmed. Working with you has really helped me keep my head above water. I find your honesty refreshing and I really understand your rationale on analysis. When I read the education sections I feel that they are aimed directly at me - I seem to fall into most of the traps, so recognizing that has really helped me.\nThank you for your guidance, it really has made a difference, I really like the single lot trading and having a separate broker,  I can see very clearly what I am doing. I also get a good laugh from you now and then when I am having bleak trading days - that helps more than you know!\nBest Regards,</p>\n\n<p class=\"name\">\n\nRoger - London</p>\n</blockquote>\n\n\n<blockquote>\n<p class=\"quote\">\nHi Scott,\nI recommend the PREMIUM SERVICE to all new traders. It gives me a focus and I now see why it is not so easy to make money as my broker told me it would be. I thought it was me. It is hard to make money but I am doing so now, I have a better understanding. I now understand risk management and I have a trade plan. I joined for a year and it was well worth it and I have my fees for next year already. I have now switched to one of your brokers as well - much better.\n</p>\n\n<p class=\"name\">Ross D – Niagara Falls</p>\n</blockquote>\n\n\n<blockquote>\n<p class=\"quote\">\nHi Scott,\nBeing new to Forex, I signed up for your set-ups to help me understand where to enter and exit better. It is still difficult for me to grasp fully but I am much, much better than before I found the Premium Service.\n</p>\n\n<p class=\"name\">Svetlana (Berlin)</p>\n</blockquote>\n\n<blockquote>\n<p class=\"quote\">\nMr Pickering\nI like Forex but could not make money. I join in with Premium Service and now it helps me. I am still learning but you help me. I now not lose money and trade with smaller lots and wider stops for volatility so I am not stopped as much. Thank you for help. Sorry about my English. \n</p>\n\n<p class=\"name\">Yang from Hong Kong</p>\n</blockquote>\n\n\n','Testimonials','','inherit','open','closed','','5565-autosave-v1','','','2015-03-26 08:31:47','2015-03-26 13:31:47','',5565,'https://weeklyfxdrivethru.com/5565-autosave-v1/',0,'revision','',0),(5575,16,'2015-03-26 08:32:06','2015-03-26 13:32:06','<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PremiumServiceTweet.jpg\" alt=\"PremiumServiceTweet\" width=\"800\" class=\"alignleft size-full wp-image-5573\" /></a>\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for The Premium Service 6 months ago and it really has helped me to learn about trading much faster than I was doing on my own. I had been trading for about a year before that without much success. I really felt very isolated and found reading the charts particularly frustrating. Since following you, I really appreciate the chart guidance and also the suggested entry levels. I am now making slow (small) but steady profits.\r\nI find the weekly blog really sets me up for the coming week. You are also very accessible when I need instant guidance.\r\nKeep up the good work,\r\n</p>\r\n\r\n<p class=\"name\">BrendaD – Dublin</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">Bonjour / Hi Scott,\r\n\r\nJust wanted to let you know that I am progressing well since signing up for The Premium Service. I wish you lived closer so I could stop by and spend a day trading with you. You really understand what it’s like for us \"Newbie Traders\" as you call us. There is so much information out there I didn’t know what to focus on. There really are no forums like yours for new traders; at least not in the personalized way you have helped me. I like the Twitter alerts and I usually take a few of those flash trades you put out, otherwise I would miss them, as I am not at my computer all day. I hope to be able to trade full time eventually, but for now I am learning and trying to grow my account. Thank you for helping with my learning curve, I have progressed much faster since signing up. The Web site is great; I go there often to look up past posts and education. You have a great sense of humour too - I think we need that as Traders because it can be very hard.\r\nThank you,\r\n</p>\r\n\r\n<p class=\"name\">\r\nM.B. - Paris</p>\r\n</blockquote>\r\n\r\n\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">I had been trading for a about a year when I found your Weekly Fx Drive Thru blog on Twitter. From this I decided to subscribe to the Premium Service. I am making some money now from trading and I am grateful for your help. I like all the research articles on your website. I am definitely going to re-subscribe again next year and I think having a separate broker account for your trades is a great idea. Thank you.\r\n</p>\r\n\r\n<p class=\"name\">\r\nPaul R. Berlin</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">Hi Scott,\r\nI signed up for the annual subscription of Premium Service. Trading is much harder than I was led to believe by those out there who make it sound like you can make big bucks quickly. There is so much to learn in the beginning, I felt overwhelmed. Working with you has really helped me keep my head above water. I find your honesty refreshing and I really understand your rationale on analysis. When I read the education sections I feel that they are aimed directly at me - I seem to fall into most of the traps, so recognizing that has really helped me.\r\nThank you for your guidance, it really has made a difference, I really like the single lot trading and having a separate broker,  I can see very clearly what I am doing. I also get a good laugh from you now and then when I am having bleak trading days - that helps more than you know!\r\nBest Regards,</p>\r\n\r\n<p class=\"name\">\r\n\r\nRoger - London</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nI recommend the PREMIUM SERVICE to all new traders. It gives me a focus and I now see why it is not so easy to make money as my broker told me it would be. I thought it was me. It is hard to make money but I am doing so now, I have a better understanding. I now understand risk management and I have a trade plan. I joined for a year and it was well worth it and I have my fees for next year already. I have now switched to one of your brokers as well - much better.\r\n</p>\r\n\r\n<p class=\"name\">Ross D – Niagara Falls</p>\r\n</blockquote>\r\n\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nHi Scott,\r\nBeing new to Forex, I signed up for your set-ups to help me understand where to enter and exit better. It is still difficult for me to grasp fully but I am much, much better than before I found the Premium Service.\r\n</p>\r\n\r\n<p class=\"name\">Svetlana (Berlin)</p>\r\n</blockquote>\r\n\r\n<blockquote>\r\n<p class=\"quote\">\r\nMr Pickering\r\nI like Forex but could not make money. I join in with Premium Service and now it helps me. I am still learning but you help me. I now not lose money and trade with smaller lots and wider stops for volatility so I am not stopped as much. Thank you for help. Sorry about my English. \r\n</p>\r\n\r\n<p class=\"name\">Yang from Hong Kong</p>\r\n</blockquote>\r\n\r\n\r\n','Testimonials','','inherit','open','closed','','5565-revision-v1','','','2015-03-26 08:32:06','2015-03-26 13:32:06','',5565,'https://weeklyfxdrivethru.com/5565-revision-v1/',0,'revision','',0),(5576,1,'2015-03-26 16:26:01','2015-03-26 21:26:01','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<h4>Welcome to the PREMIUM SERVICE section of the WEEKLY FX DRIVE THRU.</h4>\r\nThank you for your subscription. I hope that you will find the content inside the PREMIUM SERVICE subscriber section of great use to support your Forex Trading. Inside you will find a library of exclusive content to aid your Forex Trading.\r\n<ul>\r\n	<li>There are copies of the PREMIUM SERVICE versions of my main blog THE WEEKLY FX DRIVE THRU.</li>\r\n	<li>Dates of upcoming webinars.</li>\r\n	<li>Confirmation of the release dates of the WEEKLY FX DRIVE THRU blog.</li>\r\n	<li>Under the TRADING SUMMARIES section there is a complete summary of all the excel spreadsheets that were published in the “WEEKLY” blog that support the PREMIUM SERVICE performance.</li>\r\n	<li>Inside the EDUCATION section everything you need from a FX Glossary to how to read Candlestick charts as well as a full list of Trading Essentials articles from the WEEKLY FX DRIVE THRU.</li>\r\n	<li>Details about one-on-one coaching and mentoring programs.</li>\r\n	<li>Entrance to the Chat Room (coming soon)</li>\r\n	<li>Finally a complete list of my BUSINESS PARTNERS. If you want to partner closer with the PREMIUM SERVICE and wish to avail of my partners services just click on their banner anywhere on my website.</li>\r\n</ul>\r\n<h4>\r\nPLEASE NOTE:</h4>\r\nDates of sales presentations and general Forex based seminars with or without my BUSINESS PARTNERS are noted on the welcome page on the WEEKLY FX DRIVE THRU. The appropriate tab is at the top of the welcome page.\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2015-03-26 16:26:01','2015-03-26 21:26:01','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(5577,1,'2015-03-26 16:29:11','2015-03-26 21:29:11','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\">\r\n<h4>Welcome to the PREMIUM SERVICE section of the WEEKLY FX DRIVE THRU.</h4>\r\nThank you for your subscription. I hope that you will find the content inside the PREMIUM SERVICE subscriber section of great use to support your Forex Trading. Inside you will find a library of exclusive content to aid your Forex Trading.\r\n<ul>\r\n	<li>There are copies of the PREMIUM SERVICE versions of my main blog THE WEEKLY FX DRIVE THRU.</li>\r\n	<li>Dates of upcoming webinars.</li>\r\n	<li>Confirmation of the release dates of the WEEKLY FX DRIVE THRU blog.</li>\r\n	<li>Under the TRADING SUMMARIES section there is a complete summary of all the excel spreadsheets that were published in the “WEEKLY” blog that support the PREMIUM SERVICE performance.</li>\r\n	<li>Inside the EDUCATION section everything you need from a FX Glossary to how to read Candlestick charts as well as a full list of Trading Essentials articles from the WEEKLY FX DRIVE THRU.</li>\r\n	<li>Details about one-on-one coaching and mentoring programs.</li>\r\n	<li>Entrance to the Chat Room (coming soon).</li>\r\n	<li>Finally a complete list of my BUSINESS PARTNERS. If you want to partner closer with the PREMIUM SERVICE and wish to avail of my partners services just click on their banner anywhere on my website.</li>\r\n</ul>\r\n<h4>PLEASE NOTE:</h4>\r\nDates of sales presentations and general Forex based seminars with or without my BUSINESS PARTNERS are noted on the welcome page on the WEEKLY FX DRIVE THRU. The appropriate tab is at the top of the welcome page.\r\n\r\n</section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2015-03-26 16:29:11','2015-03-26 21:29:11','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(5590,1,'2015-03-27 13:53:23','2015-03-27 18:53:23','','THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM','','inherit','open','closed','','the-most-overlooked-risks-in-trading-and-how-to-address-them','','','2015-03-28 11:39:53','2015-03-28 16:39:53','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/THE-MOST-OVERLOOKED-RISKS-IN-TRADING-AND-HOW-TO-ADDRESS-THEM.pdf',0,'attachment','application/pdf',0),(5606,1,'2015-03-28 11:21:07','2015-03-28 16:21:07','<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: 29.03.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #53\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<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\nThankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.\r\n\r\nHaving said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.\r\n\r\nBeing honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.\r\n\r\nI am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.\r\n\r\nI know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.\r\n\r\nI am writing about GREECE later so this section will be shorter than usual.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nNext week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.\r\n\r\nWe also have geopolitical news from GREECE and YEMEN to keep us busy.\r\n\r\nThis looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it\'s a nightmare. It may be the NFP for us all to miss.\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\nThis year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.\r\n\r\nSubscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.\r\n\r\nIf like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.\r\n\r\nTrading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.\r\n\r\nHowever, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.\r\n\r\nI also want to mention HEDGING.\r\n\r\nThis is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.\r\n\r\nIt can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.\r\n\r\nThese trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.\r\n\r\nIn the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11<sup>th</sup> and closed on the 25<sup>th</sup> March.\r\n\r\nIn my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.\r\n\r\nFinally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.\r\n\r\nI have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.\r\n\r\nI have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.\r\n\r\nIt’s all basic stuff BUT it works: -\r\n<p style=\"text-align: center;\"><strong>RISK MANAGEMENT</strong>\r\n<strong>POSITION SIZING</strong>\r\n<strong>TRADE PLANS</strong></p>\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>UNION…. WHAT UNION?\r\n(IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>\r\nI have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.\r\n\r\nThe European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.\r\n\r\nThe original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.\r\n\r\nWhat I cannot get my head around was all the talk years and years ago about: -\r\n<p style=\"text-align: center;\">Currency Union\r\nEconomic Union\r\nBanking Union\r\nTax Harmonization Union\r\nForeign Policy Union\r\nSocial and Welfare Union (The Social Chapter)\r\nAgricultural / Production Quota Harmonization</p>\r\nWell… we have the currency union and that\'s a f**k up.\r\n\r\nWhere are the rest? ….\r\n\r\nLike I have said before: -\r\n\r\n19 countries using the same cheque-book does not work\r\n\r\nIt then becomes all about trust - A Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.\r\n\r\nSo many different cultures in a meeting = no agreements\r\n\r\nI can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.\r\n\r\nAsk yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.\r\n\r\nA great example of a UNION… NOT!!\r\n\r\nBorn out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.\r\n\r\nThere is no trust in the EUROZONE that\'s why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.\r\n\r\nThe only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.\r\n\r\nAbout a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.\r\n\r\nThe Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!\r\n\r\nOver the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).\r\n\r\nThe fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?\r\n\r\nIt is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9<sup>th</sup> to the 20<sup>th</sup> of April as dates.\r\n\r\nIn the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.\r\n\r\nAt the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.\r\n\r\nGREECE is in a corner.\r\n\r\nHowever, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.\r\n\r\nIn addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.\r\n\r\nNot much of a union after such a long time… no trust between partners.\r\n\r\nThere are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.\r\n\r\nAs I said last week and very little has fundamentally changed: -\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.</em><em> </em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>GREECE needs debt relief.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>The EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>It is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Suck it up….</em> </span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>These are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.</em></span></p>\r\nThe “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.\r\n\r\nThis is not over… tomorrow is a big day and I think it will all end in tears very soon.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\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\nPlease note from April 1<sup>st</sup> prices will be increasing and subscription options will be changing.\r\n\r\n&nbsp;\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 4.2)\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;\">TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 187 trades cost to trade = $18.70\r\n<strong>PROFIT</strong> from 187 trades = $286.60</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 187 trades cost to trade = $187.00\r\n<strong>PROFIT</strong> from 187 trades = $2,866.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 187 trades cost to trade = $1,870.00\r\n<strong>PROFIT</strong> from 187 trades = $28,660.00</p>\r\nWhich trader are you?\r\n\r\nIf you want to be part of this go to <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> or check out more information at the end of this blog in section 6.\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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\"><img class=\"aligncenter size-full wp-image-5584\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\" alt=\"PROFIT-LOSS 29032015\" width=\"405\" height=\"582\" /></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/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a>\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/2015/03/PREM-SERV-PROFITS1-29032105.png\"><img class=\"aligncenter size-full wp-image-5585\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png\" alt=\"PREM SERV PROFITS1 29032105\" width=\"454\" height=\"436\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\"><img class=\"aligncenter size-full wp-image-5586\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\" alt=\"PREM SERV PROFITS2 29032105\" width=\"454\" height=\"440\" /></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<p style=\"text-align: center;\"><strong>THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</strong></p>\r\nTrading involves a great deal of risk. If it didn’t, everyone would be zillionaires! However, there are a few risks that we tend to overlook.\r\n\r\nThe very well renowned trading psychologist Brett Steenbarger has pointed out that there are also other risks involved, which many of us easily overlook, namely:<strong> </strong>\r\n\r\n<strong>THE RISK OF BOREDOM:</strong>\r\n\r\nA lot of people are drawn into trading because of the prospect of making big money in a relatively short span of time. But sometimes, there’s just not that much action in the market or your trading system simply isn’t catching any of the moves.\r\n\r\nIf a Trader is impatient, he could resort to abandoning his trading system or could find himself forcing trades\r\n\r\nIf you find yourself fidgeting and can’t wait to get a piece of the market, it would be better for you to take a step back from your charts. Stop the monotony and take a break by visiting trading forums or reading up on the markets.<strong> </strong>\r\n\r\n<strong>THE RISK OF “DRAW-UPS”:</strong>\r\n\r\nWe are fully aware of the dangers and pains of drawdowns, but did you know that you also face risks when your account rises in value or incurs a “draw-up”?\r\n\r\nThat’s right. Traders also experience a risk after going through a series of profitable trades. After having a successful streak, many traders tend to make bad trading decisions because of overconfidence. They end up increasing their position sizes to unmanageable levels, taking too many trades, and abandoning their trading plans.\r\n\r\nThis is precisely why it is important for traders to always keep their emotions in check. Failing to do so can lead you to be lax with your trade execution. Remember to always stick to your trading plan and keep your ego in check.\r\n\r\n&nbsp;\r\n\r\n<strong>THE RISK OF SEQUENCING:</strong>\r\n\r\nNo matter how well you manage your trades or how consistent your trading system is, you never really know in advance the sequencing of your profitable and losing trades.\r\n\r\nA trader experiences sequencing risk when he begins to take the sequencing of his wins and / or losses out of statistical context. For instance, you may go through a series of wins and think that you have mastered the markets, which can easily lead to over confidence.\r\n\r\nAlternatively a series of losses may make you doubt yourself or your trading strategy, leading you to deviate from your trading plans and make bad trading decisions.\r\n\r\nEven times of alternating profits and losses can be perceived the wrong way. If you see your account balance just bouncing up and down without any real progress, you make take it as a sign that you are not improving and lose motivation or give up altogether.\r\n\r\nLuckily there is a way to avoid this dangerous mindset. By using a trading journal you can help put things into the proper perspective and keep the bigger picture in mind.\r\n\r\nThe best way to address these problems would be to align your psychological risks to your actual risks. You can only do so by keeping track of your stats, so put in the work and always update your journals!\r\n\r\nRemember that being a FOREX trader is a full time job. Although you may not be trading 24/7, there is always research work that needs to be done.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:</span>\r\n\r\nTo quotes English football managers of old, last week was a game of two halves. The beginning of the week saw me battling to try and hold back on losses from trades from the previous week. To some extent it worked but overall, I class it a failure. The PREMIUM SERVICE and my own accounts took a hit….yikes!\r\n\r\nWednesday, I did very little other than research set-ups and scan for probability trades and got them in position. Thursday and Friday were good trading days. I recovered about 80% of the losses in the PREMIUM SERVICE, and I am really happy the way things ended up, as last Tuesday I posted losses that were bad, but they could have been much worse.\r\n\r\nI have spoken with many of you and it does appear that most of you like me were the wrong side of the market late the week before and Monday /Tuesday last week.\r\n\r\nTrading is extremely difficult at the moment; to keep your head above water is the key measure of success at the moment. I keep saying, believing that a directional market is on its way; we could do with a break from the chop fest that we are being served at the moment.\r\n\r\nWe are very range bound again, I just feel like we are moving from one range to another without being directional. Having said that, the PREMIUM SERVICE trades are still producing a steady growth in capital.\r\n\r\nThe bottom line is basically what I wrote last week. Not being greedy and over exposing yourself to risk actually works. It enables wider stops to cope with volatility and whilst you may incur larger pip losses your $$$ losses are maybe a little less. Should the trade move in your direction you can add to your original position.\r\n\r\nWe are driven by both FEAR and GREED and, in my opinion how we manage this says everything about us as traders.\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/2015/03/PS-LIVE-TRADES-29032015.png\"><img class=\"aligncenter size-full wp-image-5588\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIVE-TRADES-29032015.png\" alt=\"PS LIVE TRADES 29032015\" width=\"734\" height=\"507\" /></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/2015/03/PS-LIMIT-ORDERS-29032015.png\"><img class=\"aligncenter size-full wp-image-5587\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-29032015.png\" alt=\"PS LIMIT ORDERS 29032015\" width=\"714\" height=\"414\" /></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 relating mainly 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5602\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015-1024x517.png\" alt=\"RT337 GBPUSD 240M 29032015\" 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/2015/03/RT338-EURUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5601\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT338-EURUSD-240M-29032015-1024x517.png\" alt=\"RT338 EURUSD 240M 29032015\" 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/2015/03/RT340-USDCAD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5599\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT340-USDCAD-240M-29032015-1024x517.png\" alt=\"RT340 USDCAD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5598\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015-1024x517.png\" alt=\"RT341 EURGBP 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT339-USDCHF-240M-29032015.png\">\r\n</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5603\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015-1024x517.png\" alt=\"NZDUSD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015.png\"><img class=\"aligncenter size-large wp-image-5604\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015-1024x517.png\" alt=\"GBPJPY WEEKLY 29032015\" 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/2015/03/AUDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5605\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-240M-29032015-1024x517.png\" alt=\"AUDUSD 240M 29032015\" 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/2015/03/TRENDING-PAIRS-29032105.png\"><img class=\"aligncenter size-full wp-image-5589\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/TRENDING-PAIRS-29032105.png\" alt=\"TRENDING PAIRS 29032105\" width=\"398\" height=\"513\" /></a>\r\n\r\n&nbsp;\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 1.0884.</strong>\r\n\r\nAnother 60 pip jump higher in the weekly closing price. Is the race to parity and below over? Now there’s a blog title if there ever was one.\r\n\r\nThe chart below shows the new trading range of 1.0450 to 1.1060. Looking forward, we really need to break one way or another to give us clues. This pair is so pivotal to the Forex market regarding direction; if it stagnates so does the market. Fundamentally, the FOMC stalling has really created uncertainty and this breeds increased speculation and lots of bulls**t is spoken.\r\n\r\nMy thoughts are that the EUR/USD will head lower, as we still have divergent FED versus ECB monetary policies in play.\r\n\r\nFor the immediate future I see 1.0800 as support and 1.1060 as resistance.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5596\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015-1024x517.png\" alt=\"EURUSD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4870</strong>.\r\n\r\nYer man Carney was out again. Last Friday he was spouting at a forum, I think in Germany, along with other Central Bank governors about worldly matters from so high, the air was so thin, they all needed an oxygen supply, to enable them to breathe like normal folk.\r\n\r\nCarney was off again on raising rates in the UK. I think he gets a kick out of these statements. There must be some deep-rooted S+M fetish with Mark Carney, because, all he will do for the next month or so is punish himself by back stepping the remarks made about the next interest rate move being higher. However, because of the May 7<sup>th</sup> general election in the UK, Carney can no longer speak publicly from today until after the votes have been counted. Was Carney a clever dick then? Yeah right…\r\n\r\nMy contacts in the UK think that any movements in rates will kill off any recovery at all… hell what the feck do they know!\r\n\r\nCable looks pressured and I think that the long suppressed cross-rates are about to unleash havoc; GBP/CAD, GBP/NZD and GBP/AUD…do not forget the GBP/CHF, EUR/GBP and GBP/JPY.\r\n\r\nThe weekly chart below looks very bearish and I could argue that we are in a bear flag formation with a measured move lower to about 1.3000. Wouldn’t that be something?\r\n\r\nFor now, 1.4800 support is crucial for the GBP/USD to hold onto as a break lower could be ugly. Resistance at 1.5000 is a great solid round number that has held previously.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5595\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015-1024x517.png\" alt=\"GBPUSD W 29032015\" 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 0.7750</strong>.\r\n\r\nNot much of a move week on week with the AUD/USD. There has been very little economic data from Australia of late, very little on the quote front from the RBA, so its been commodity prices and equities that have managed moves with this pair, thus, we have seen very little movement to speak of that catches the eye. We are just above a trend line that I omitted to place on the chart below, but we have not pushed on nor have we checked the break by a re-test\r\n\r\nSupport is at 0.7700 and resistance at 0.7840.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5597\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015-1024x517.png\" alt=\"AUDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7571</strong>.\r\n\r\nThe NZD/USD is very similar to the AUD/USD, not much on the news front and no real direction of late. We broke out above previous resistance of 0.7620 temporarily but that was probably just an enthusiastic stop loss run.\r\n\r\nMy thoughts are that we will head lower in the longer term but for now we are stuck in a range.\r\n\r\nThe range is still 0.7170 to 0.7620.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5594\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015-1024x517.png\" alt=\"NZDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2616.</strong>\r\n\r\nThe chart below shows the immediate range of 1.2340 to 1.2840. We are stuck in the middle. We do however have a bullish trend and my thoughts with this pair are to the upside.\r\n\r\nThe immediate support is at 1.2450 and resistance at 1.2650.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5593\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015-1024x517.png\" alt=\"USDCAD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9608</strong>.\r\n\r\nThe 240 minutes trend line is in play and offers a great entry level moving forward. This pair looks to be in recovery mode after quite a large sell off of over 500 pips. I am looking to re-establish a long side trade this week on a pullback.\r\n\r\nWe must always bear in mind the vast majority of the time this pair is like a puppet managed by moves with the EUR/USD.\r\n\r\nSupport is at 0.9550 and resistance at 0.9725.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5592\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015-1024x517.png\" alt=\"USDCHF 240M (W) 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 119.13.</strong>\r\n\r\nWe are still in the same range in spite of all the shenanigans last week, but look to be moving lower. The PREMIUM SERVICE holds a short trade.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5591\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015-1024x517.png\" alt=\"USDJPY W 29032015\" 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 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: N/A.\r\n\r\nTUESDAY: EUR – Eurozone CPi.\r\nTUESDAY: CAD - GDP.\r\nTUESDAY: USD – Consumer Confidence.\r\nTUESDAY: CNY – Manufacturing PMi.\r\n\r\nWEDNESDAY: GBP – Manufacturing PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change\r\nWEDNESDAY: USD – ISM Manufacturing PMi.\r\nWEDNESDAY: NZD – Dairy Auction results.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – Construction PMi.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.\r\n\r\nI think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.\r\n\r\nWe have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.\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 - 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: - </strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition) </strong></p>\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<span style=\"text-decoration: underline;\">6.2 - 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<span style=\"text-decoration: underline;\">6.3 - 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<span style=\"text-decoration: underline;\">6.4 - 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday March 29th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator','UNION… WHAT UNION? - (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)','','publish','open','closed','','union-what-union-its-all-about-trust-but-there-isnt-any','','','2015-03-28 11:21:07','2015-03-28 16:21:07','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=5606',0,'member_posts','',0),(5607,1,'2015-03-28 11:18:12','2015-03-28 16:18:12','<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: 29.03.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #53\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<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\nThankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.\r\n\r\nHaving said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.\r\n\r\nBeing honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.\r\n\r\nI am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.\r\n\r\nI know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.\r\n\r\nI am writing about GREECE later so this section will be shorter than usual.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nNext week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.\r\n\r\nWe also have geopolitical news from GREECE and YEMEN to keep us busy.\r\n\r\nThis looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it\'s a nightmare. It may be the NFP for us all to miss.\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\nThis year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.\r\n\r\nSubscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.\r\n\r\nIf like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.\r\n\r\nTrading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.\r\n\r\nHowever, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.\r\n\r\nI also want to mention HEDGING.\r\n\r\nThis is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.\r\n\r\nIt can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.\r\n\r\nThese trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.\r\n\r\nIn the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11<sup>th</sup> and closed on the 25<sup>th</sup> March.\r\n\r\nIn my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.\r\n\r\nFinally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.\r\n\r\nI have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.\r\n\r\nI have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.\r\n\r\nIt’s all basic stuff BUT it works: -\r\n<p style=\"text-align: center;\"><strong>RISK MANAGEMENT</strong>\r\n<strong>POSITION SIZING</strong>\r\n<strong>TRADE PLANS</strong></p>\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>UNION…. WHAT UNION?\r\n(IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>\r\nI have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.\r\n\r\nThe European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.\r\n\r\nThe original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.\r\n\r\nWhat I cannot get my head around was all the talk years and years ago about: -\r\n<p style=\"text-align: center;\">Currency Union\r\nEconomic Union\r\nBanking Union\r\nTax Harmonization Union\r\nForeign Policy Union\r\nSocial and Welfare Union (The Social Chapter)\r\nAgricultural / Production Quota Harmonization</p>\r\nWell… we have the currency union and that\'s a f**k up.\r\n\r\nWhere are the rest? ….\r\n\r\nLike I have said before: -\r\n\r\n19 countries using the same cheque-book does not work\r\n\r\nIt then becomes all about trust - A Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.\r\n\r\nSo many different cultures in a meeting = no agreements\r\n\r\nI can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.\r\n\r\nAsk yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.\r\n\r\nA great example of a UNION… NOT!!\r\n\r\nBorn out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.\r\n\r\nThere is no trust in the EUROZONE that\'s why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.\r\n\r\nThe only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.\r\n\r\nAbout a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.\r\n\r\nThe Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!\r\n\r\nOver the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).\r\n\r\nThe fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?\r\n\r\nIt is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9<sup>th</sup> to the 20<sup>th</sup> of April as dates.\r\n\r\nIn the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.\r\n\r\nAt the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.\r\n\r\nGREECE is in a corner.\r\n\r\nHowever, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.\r\n\r\nIn addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.\r\n\r\nNot much of a union after such a long time… no trust between partners.\r\n\r\nThere are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.\r\n\r\nAs I said last week and very little has fundamentally changed: -\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.</em><em> </em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>GREECE needs debt relief.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>The EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>It is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Suck it up….</em> </span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>These are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.</em></span></p>\r\nThe “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.\r\n\r\nThis is not over… tomorrow is a big day and I think it will all end in tears very soon.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n\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:</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\nPlease note from April 1<sup>st</sup> prices will be increasing and subscription options will be changing.\r\n\r\n&nbsp;\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 4.2)\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;\">TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 187 trades cost to trade = $18.70\r\n<strong>PROFIT</strong> from 187 trades = $286.60</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 187 trades cost to trade = $187.00\r\n<strong>PROFIT</strong> from 187 trades = $2,866.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 187 trades cost to trade = $1,870.00\r\n<strong>PROFIT</strong> from 187 trades = $28,660.00</p>\r\nWhich trader are you?\r\n\r\nIf you want to be part of this go to <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> or check out more information at the end of this blog in section 6.\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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\"><img class=\"aligncenter size-full wp-image-5584\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\" alt=\"PROFIT-LOSS 29032015\" width=\"405\" height=\"582\" /></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/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a>\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/2015/03/PREM-SERV-PROFITS1-29032105.png\"><img class=\"aligncenter size-full wp-image-5585\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png\" alt=\"PREM SERV PROFITS1 29032105\" width=\"454\" height=\"436\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\"><img class=\"aligncenter size-full wp-image-5586\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\" alt=\"PREM SERV PROFITS2 29032105\" width=\"454\" height=\"440\" /></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<p style=\"text-align: center;\"><strong>THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</strong></p>\r\nTrading involves a great deal of risk. If it didn’t, everyone would be zillionaires! However, there are a few risks that we tend to overlook.\r\n\r\nThe very well renowned trading psychologist Brett Steenbarger has pointed out that there are also other risks involved, which many of us easily overlook, namely:<strong> </strong>\r\n\r\n<strong>THE RISK OF BOREDOM:</strong>\r\n\r\nA lot of people are drawn into trading because of the prospect of making big money in a relatively short span of time. But sometimes, there’s just not that much action in the market or your trading system simply isn’t catching any of the moves.\r\n\r\nIf a Trader is impatient, he could resort to abandoning his trading system or could find himself forcing trades\r\n\r\nIf you find yourself fidgeting and can’t wait to get a piece of the market, it would be better for you to take a step back from your charts. Stop the monotony and take a break by visiting trading forums or reading up on the markets.<strong> </strong>\r\n\r\n<strong>THE RISK OF “DRAW-UPS”:</strong>\r\n\r\nWe are fully aware of the dangers and pains of drawdowns, but did you know that you also face risks when your account rises in value or incurs a “draw-up”?\r\n\r\nThat’s right. Traders also experience a risk after going through a series of profitable trades. After having a successful streak, many traders tend to make bad trading decisions because of overconfidence. They end up increasing their position sizes to unmanageable levels, taking too many trades, and abandoning their trading plans.\r\n\r\nThis is precisely why it is important for traders to always keep their emotions in check. Failing to do so can lead you to be lax with your trade execution. Remember to always stick to your trading plan and keep your ego in check.\r\n\r\n&nbsp;\r\n\r\n<strong>THE RISK OF SEQUENCING:</strong>\r\n\r\nNo matter how well you manage your trades or how consistent your trading system is, you never really know in advance the sequencing of your profitable and losing trades.\r\n\r\nA trader experiences sequencing risk when he begins to take the sequencing of his wins and / or losses out of statistical context. For instance, you may go through a series of wins and think that you have mastered the markets, which can easily lead to over confidence.\r\n\r\nAlternatively a series of losses may make you doubt yourself or your trading strategy, leading you to deviate from your trading plans and make bad trading decisions.\r\n\r\nEven times of alternating profits and losses can be perceived the wrong way. If you see your account balance just bouncing up and down without any real progress, you make take it as a sign that you are not improving and lose motivation or give up altogether.\r\n\r\nLuckily there is a way to avoid this dangerous mindset. By using a trading journal you can help put things into the proper perspective and keep the bigger picture in mind.\r\n\r\nThe best way to address these problems would be to align your psychological risks to your actual risks. You can only do so by keeping track of your stats, so put in the work and always update your journals!\r\n\r\nRemember that being a FOREX trader is a full time job. Although you may not be trading 24/7, there is always research work that needs to be done.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:</span>\r\n\r\nTo quotes English football mangers of old, last week was a game of two halves. The beginning of the week saw me battling to try and hold back on losses from trades from the previous week. To some extent it worked but overall, I class it a failure. The PREMIUM SERVICE and my own accounts took a hit….yikes!\r\n\r\nWednesday, I did very little other than research set-ups and scan for probability trades and got them in position. Thursday and Friday were good trading days. I recovered about 80% of the losses in the PREMIUM SERVICE, and I am really happy the way things ended up, as last Tuesday I posted losses that were bad, but they could have been much worse.\r\n\r\nI have spoken with many of you and it does appear that most of you like me were the wrong side of the market late the week before and Monday /Tuesday last week.\r\n\r\nTrading is extremely difficult at the moment; to keep your head above water is the key measure of success at the moment. I keep saying, believing that a directional market is on its way; we could do with a break from the chop fest that we are being served at the moment.\r\n\r\nWe are very range bound again, I just feel like we are moving from one range to another without being directional. Having said that, the PREMIUM SERVICE trades are still producing a steady growth in capital.\r\n\r\nThe bottom line is basically what I wrote last week. Not being greedy and over exposing yourself to risk actually works. It enables wider stops to cope with volatility and whilst you may incur larger pip losses your $$$ losses are maybe a little less. Should the trade move in your direction you can add to your original position.\r\n\r\nWe are driven by both FEAR and GREED and, in my opinion how we manage this says everything about us as traders.\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/2015/03/PS-LIVE-TRADES-29032015.png\"><img class=\"aligncenter size-full wp-image-5588\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIVE-TRADES-29032015.png\" alt=\"PS LIVE TRADES 29032015\" width=\"734\" height=\"507\" /></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/2015/03/PS-LIMIT-ORDERS-29032015.png\"><img class=\"aligncenter size-full wp-image-5587\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-29032015.png\" alt=\"PS LIMIT ORDERS 29032015\" width=\"714\" height=\"414\" /></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 FUINDAMENTAL 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 relating mainly 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5602\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015-1024x517.png\" alt=\"RT337 GBPUSD 240M 29032015\" 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/2015/03/RT338-EURUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5601\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT338-EURUSD-240M-29032015-1024x517.png\" alt=\"RT338 EURUSD 240M 29032015\" 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/2015/03/RT340-USDCAD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5599\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT340-USDCAD-240M-29032015-1024x517.png\" alt=\"RT340 USDCAD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5598\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015-1024x517.png\" alt=\"RT341 EURGBP 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT339-USDCHF-240M-29032015.png\">\r\n</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5603\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015-1024x517.png\" alt=\"NZDUSD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015.png\"><img class=\"aligncenter size-large wp-image-5604\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015-1024x517.png\" alt=\"GBPJPY WEEKLY 29032015\" 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/2015/03/AUDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5605\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-240M-29032015-1024x517.png\" alt=\"AUDUSD 240M 29032015\" 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/2015/03/TRENDING-PAIRS-29032105.png\"><img class=\"aligncenter size-full wp-image-5589\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/TRENDING-PAIRS-29032105.png\" alt=\"TRENDING PAIRS 29032105\" width=\"398\" height=\"513\" /></a>\r\n\r\n&nbsp;\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 1.0884.</strong>\r\n\r\nAnother 60 pip jump higher in the weekly closing price. Is the race to parity and below over? Now there’s a blog title if there ever was one.\r\n\r\nThe chart below shows the new trading range of 1.0450 to 1.1060. Looking forward, we really need to break one way or another to give us clues. This pair is so pivotal to the Forex market regarding direction; if it stagnates so does the market. Fundamentally, the FOMC stalling has really created uncertainty and this breeds increased speculation and lots of bulls**t is spoken.\r\n\r\nMy thoughts are that the EUR/USD will head lower, as we still have divergent FED versus ECB monetary policies in play.\r\n\r\nFor the immediate future I see 1.0800 as support and 1.1060 as resistance.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5596\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015-1024x517.png\" alt=\"EURUSD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4870</strong>.\r\n\r\nYer man Carney was out again. Last Friday he was spouting at a forum, I think in Germany, along with other Central Bank governors about worldly matters from so high, the air was so thin, they all needed an oxygen supply, to enable them to breathe like normal folk.\r\n\r\nCarney was off again on raising rates in the UK. I think he gets a kick out of these statements. There must be some deep-rooted S+M fetish with Mark Carney, because, all he will do for the next month or so is punish himself by back stepping the remarks made about the next interest rate move being higher. However, because of the May 7<sup>th</sup> general election in the UK, Carney can no longer speak publicly from today until after the votes have been counted. Was Carney a clever dick then? Yeah right…\r\n\r\nMy contacts in the UK think that any movements in rates will kill off any recovery at all… hell what the feck do they know!\r\n\r\nCable looks pressured and I think that the long suppressed cross-rates are about to unleash havoc; GBP/CAD, GBP/NZD and GBP/AUD…do not forget the GBP/CHF, EUR/GBP and GBP/JPY.\r\n\r\nThe weekly chart below looks very bearish and I could argue that we are in a bear flag formation with a measured move lower to about 1.3000. Wouldn’t that be something?\r\n\r\nFor now, 1.4800 support is crucial for the GBP/USD to hold onto as a break lower could be ugly. Resistance at 1.5000 is a great solid round number that has held previously.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5595\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015-1024x517.png\" alt=\"GBPUSD W 29032015\" 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 0.7750</strong>.\r\n\r\nNot much of a move week on week with the AUD/USD. There has been very little economic data from Australia of late, very little on the quote front from the RBA, so its been commodity prices and equities that have managed moves with this pair, thus, we have seen very little movement to speak of that catches the eye. We are just above a trend line that I omitted to place on the chart below, but we have not pushed on nor have we checked the break by a re-test\r\n\r\nSupport is at 0.7700 and resistance at 0.7840.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5597\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015-1024x517.png\" alt=\"AUDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7571</strong>.\r\n\r\nThe NZD/USD is very similar to the AUD/USD, not much on the news front and no real direction of late. We broke out above previous resistance of 0.7620 temporarily but that was probably just an enthusiastic stop loss run.\r\n\r\nMy thoughts are that we will head lower in the longer term but for now we are stuck in a range.\r\n\r\nThe range is still 0.7170 to 0.7620.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5594\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015-1024x517.png\" alt=\"NZDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2616.</strong>\r\n\r\nThe chart below shows the immediate range of 1.2340 to 1.2840. We are stuck in the middle. We do however have a bullish trend and my thoughts with this pair are to the upside.\r\n\r\nThe immediate support is at 1.2450 and resistance at 1.2650.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5593\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015-1024x517.png\" alt=\"USDCAD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9608</strong>.\r\n\r\nThe 240 minutes trend line is in play and offers a great entry level moving forward. This pair looks to be in recovery mode after quite a large sell off of over 500 pips. I am looking to re-establish a long side trade this week on a pullback.\r\n\r\nWe must always bear in mind the vast majority of the time this pair is like a puppet managed by moves with the EUR/USD.\r\n\r\nSupport is at 0.9550 and resistance at 0.9725.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5592\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015-1024x517.png\" alt=\"USDCHF 240M (W) 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 119.13.</strong>\r\n\r\nWe are still in the same range in spite of all the shenanigans last week, but look to be moving lower. The PREMIUM SERVICE holds a short trade.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5591\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015-1024x517.png\" alt=\"USDJPY W 29032015\" 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 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: N/A.\r\n\r\nTUESDAY: EUR – Eurozone CPi.\r\nTUESDAY: CAD - GDP.\r\nTUESDAY: USD – Consumer Confidence.\r\nTUESDAY: CNY – Manufacturing PMi.\r\n\r\nWEDNESDAY: GBP – Manufacturing PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change\r\nWEDNESDAY: USD – ISM Manufacturing PMi.\r\nWEDNESDAY: NZD – Dairy Auction results.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – Construction PMi.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.\r\n\r\nI think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.\r\n\r\nWe have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.\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 - 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: - </strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition) </strong></p>\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<span style=\"text-decoration: underline;\">6.2 - 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<span style=\"text-decoration: underline;\">6.3 - 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<span style=\"text-decoration: underline;\">6.4 - 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday March 29th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator','UNION… WHAT UNION? - (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)','','inherit','open','closed','','5606-revision-v1','','','2015-03-28 11:18:12','2015-03-28 16:18:12','',5606,'https://weeklyfxdrivethru.com/5606-revision-v1/',0,'revision','',0),(5608,1,'2015-03-28 11:20:30','2015-03-28 16:20:30','<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: 29.03.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #53\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<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\nThankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.\r\n\r\nHaving said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.\r\n\r\nBeing honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.\r\n\r\nI am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.\r\n\r\nI know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.\r\n\r\nI am writing about GREECE later so this section will be shorter than usual.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nNext week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.\r\n\r\nWe also have geopolitical news from GREECE and YEMEN to keep us busy.\r\n\r\nThis looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it\'s a nightmare. It may be the NFP for us all to miss.\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\nThis year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.\r\n\r\nSubscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.\r\n\r\nIf like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.\r\n\r\nTrading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.\r\n\r\nHowever, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.\r\n\r\nI also want to mention HEDGING.\r\n\r\nThis is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.\r\n\r\nIt can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.\r\n\r\nThese trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.\r\n\r\nIn the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11<sup>th</sup> and closed on the 25<sup>th</sup> March.\r\n\r\nIn my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.\r\n\r\nFinally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.\r\n\r\nI have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.\r\n\r\nI have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.\r\n\r\nIt’s all basic stuff BUT it works: -\r\n<p style=\"text-align: center;\"><strong>RISK MANAGEMENT</strong>\r\n<strong>POSITION SIZING</strong>\r\n<strong>TRADE PLANS</strong></p>\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>UNION…. WHAT UNION?\r\n(IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>\r\nI have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.\r\n\r\nThe European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.\r\n\r\nThe original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.\r\n\r\nWhat I cannot get my head around was all the talk years and years ago about: -\r\n<p style=\"text-align: center;\">Currency Union\r\nEconomic Union\r\nBanking Union\r\nTax Harmonization Union\r\nForeign Policy Union\r\nSocial and Welfare Union (The Social Chapter)\r\nAgricultural / Production Quota Harmonization</p>\r\nWell… we have the currency union and that\'s a f**k up.\r\n\r\nWhere are the rest? ….\r\n\r\nLike I have said before: -\r\n\r\n19 countries using the same cheque-book does not work\r\n\r\nIt then becomes all about trust - A Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.\r\n\r\nSo many different cultures in a meeting = no agreements\r\n\r\nI can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.\r\n\r\nAsk yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.\r\n\r\nA great example of a UNION… NOT!!\r\n\r\nBorn out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.\r\n\r\nThere is no trust in the EUROZONE that\'s why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.\r\n\r\nThe only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.\r\n\r\nAbout a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.\r\n\r\nThe Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!\r\n\r\nOver the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).\r\n\r\nThe fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?\r\n\r\nIt is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9<sup>th</sup> to the 20<sup>th</sup> of April as dates.\r\n\r\nIn the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.\r\n\r\nAt the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.\r\n\r\nGREECE is in a corner.\r\n\r\nHowever, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.\r\n\r\nIn addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.\r\n\r\nNot much of a union after such a long time… no trust between partners.\r\n\r\nThere are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.\r\n\r\nAs I said last week and very little has fundamentally changed: -\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.</em><em> </em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>GREECE needs debt relief.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>The EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>It is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Suck it up….</em> </span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>These are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.</em></span></p>\r\nThe “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.\r\n\r\nThis is not over… tomorrow is a big day and I think it will all end in tears very soon.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong></strong><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:</span></strong>&nbsp;</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\nPlease note from April 1<sup>st</sup> prices will be increasing and subscription options will be changing.\r\n\r\n&nbsp;\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 4.2)\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;\">TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 187 trades cost to trade = $18.70\r\n<strong>PROFIT</strong> from 187 trades = $286.60</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 187 trades cost to trade = $187.00\r\n<strong>PROFIT</strong> from 187 trades = $2,866.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 187 trades cost to trade = $1,870.00\r\n<strong>PROFIT</strong> from 187 trades = $28,660.00</p>\r\nWhich trader are you?\r\n\r\nIf you want to be part of this go to <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> or check out more information at the end of this blog in section 6.\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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\"><img class=\"aligncenter size-full wp-image-5584\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\" alt=\"PROFIT-LOSS 29032015\" width=\"405\" height=\"582\" /></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/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a>\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/2015/03/PREM-SERV-PROFITS1-29032105.png\"><img class=\"aligncenter size-full wp-image-5585\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png\" alt=\"PREM SERV PROFITS1 29032105\" width=\"454\" height=\"436\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\"><img class=\"aligncenter size-full wp-image-5586\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\" alt=\"PREM SERV PROFITS2 29032105\" width=\"454\" height=\"440\" /></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<p style=\"text-align: center;\"><strong>THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</strong></p>\r\nTrading involves a great deal of risk. If it didn’t, everyone would be zillionaires! However, there are a few risks that we tend to overlook.\r\n\r\nThe very well renowned trading psychologist Brett Steenbarger has pointed out that there are also other risks involved, which many of us easily overlook, namely:<strong> </strong>\r\n\r\n<strong>THE RISK OF BOREDOM:</strong>\r\n\r\nA lot of people are drawn into trading because of the prospect of making big money in a relatively short span of time. But sometimes, there’s just not that much action in the market or your trading system simply isn’t catching any of the moves.\r\n\r\nIf a Trader is impatient, he could resort to abandoning his trading system or could find himself forcing trades\r\n\r\nIf you find yourself fidgeting and can’t wait to get a piece of the market, it would be better for you to take a step back from your charts. Stop the monotony and take a break by visiting trading forums or reading up on the markets.<strong> </strong>\r\n\r\n<strong>THE RISK OF “DRAW-UPS”:</strong>\r\n\r\nWe are fully aware of the dangers and pains of drawdowns, but did you know that you also face risks when your account rises in value or incurs a “draw-up”?\r\n\r\nThat’s right. Traders also experience a risk after going through a series of profitable trades. After having a successful streak, many traders tend to make bad trading decisions because of overconfidence. They end up increasing their position sizes to unmanageable levels, taking too many trades, and abandoning their trading plans.\r\n\r\nThis is precisely why it is important for traders to always keep their emotions in check. Failing to do so can lead you to be lax with your trade execution. Remember to always stick to your trading plan and keep your ego in check.\r\n\r\n&nbsp;\r\n\r\n<strong>THE RISK OF SEQUENCING:</strong>\r\n\r\nNo matter how well you manage your trades or how consistent your trading system is, you never really know in advance the sequencing of your profitable and losing trades.\r\n\r\nA trader experiences sequencing risk when he begins to take the sequencing of his wins and / or losses out of statistical context. For instance, you may go through a series of wins and think that you have mastered the markets, which can easily lead to over confidence.\r\n\r\nAlternatively a series of losses may make you doubt yourself or your trading strategy, leading you to deviate from your trading plans and make bad trading decisions.\r\n\r\nEven times of alternating profits and losses can be perceived the wrong way. If you see your account balance just bouncing up and down without any real progress, you make take it as a sign that you are not improving and lose motivation or give up altogether.\r\n\r\nLuckily there is a way to avoid this dangerous mindset. By using a trading journal you can help put things into the proper perspective and keep the bigger picture in mind.\r\n\r\nThe best way to address these problems would be to align your psychological risks to your actual risks. You can only do so by keeping track of your stats, so put in the work and always update your journals!\r\n\r\nRemember that being a FOREX trader is a full time job. Although you may not be trading 24/7, there is always research work that needs to be done.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:</span>\r\n\r\nTo quotes English football managers of old, last week was a game of two halves. The beginning of the week saw me battling to try and hold back on losses from trades from the previous week. To some extent it worked but overall, I class it a failure. The PREMIUM SERVICE and my own accounts took a hit….yikes!\r\n\r\nWednesday, I did very little other than research set-ups and scan for probability trades and got them in position. Thursday and Friday were good trading days. I recovered about 80% of the losses in the PREMIUM SERVICE, and I am really happy the way things ended up, as last Tuesday I posted losses that were bad, but they could have been much worse.\r\n\r\nI have spoken with many of you and it does appear that most of you like me were the wrong side of the market late the week before and Monday /Tuesday last week.\r\n\r\nTrading is extremely difficult at the moment; to keep your head above water is the key measure of success at the moment. I keep saying, believing that a directional market is on its way; we could do with a break from the chop fest that we are being served at the moment.\r\n\r\nWe are very range bound again, I just feel like we are moving from one range to another without being directional. Having said that, the PREMIUM SERVICE trades are still producing a steady growth in capital.\r\n\r\nThe bottom line is basically what I wrote last week. Not being greedy and over exposing yourself to risk actually works. It enables wider stops to cope with volatility and whilst you may incur larger pip losses your $$$ losses are maybe a little less. Should the trade move in your direction you can add to your original position.\r\n\r\nWe are driven by both FEAR and GREED and, in my opinion how we manage this says everything about us as traders.\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/2015/03/PS-LIVE-TRADES-29032015.png\"><img class=\"aligncenter size-full wp-image-5588\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIVE-TRADES-29032015.png\" alt=\"PS LIVE TRADES 29032015\" width=\"734\" height=\"507\" /></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/2015/03/PS-LIMIT-ORDERS-29032015.png\"><img class=\"aligncenter size-full wp-image-5587\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-29032015.png\" alt=\"PS LIMIT ORDERS 29032015\" width=\"714\" height=\"414\" /></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 relating mainly 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5602\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015-1024x517.png\" alt=\"RT337 GBPUSD 240M 29032015\" 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/2015/03/RT338-EURUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5601\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT338-EURUSD-240M-29032015-1024x517.png\" alt=\"RT338 EURUSD 240M 29032015\" 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/2015/03/RT340-USDCAD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5599\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT340-USDCAD-240M-29032015-1024x517.png\" alt=\"RT340 USDCAD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5598\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015-1024x517.png\" alt=\"RT341 EURGBP 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT339-USDCHF-240M-29032015.png\">\r\n</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5603\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015-1024x517.png\" alt=\"NZDUSD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015.png\"><img class=\"aligncenter size-large wp-image-5604\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015-1024x517.png\" alt=\"GBPJPY WEEKLY 29032015\" 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/2015/03/AUDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5605\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-240M-29032015-1024x517.png\" alt=\"AUDUSD 240M 29032015\" 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/2015/03/TRENDING-PAIRS-29032105.png\"><img class=\"aligncenter size-full wp-image-5589\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/TRENDING-PAIRS-29032105.png\" alt=\"TRENDING PAIRS 29032105\" width=\"398\" height=\"513\" /></a>\r\n\r\n&nbsp;\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 1.0884.</strong>\r\n\r\nAnother 60 pip jump higher in the weekly closing price. Is the race to parity and below over? Now there’s a blog title if there ever was one.\r\n\r\nThe chart below shows the new trading range of 1.0450 to 1.1060. Looking forward, we really need to break one way or another to give us clues. This pair is so pivotal to the Forex market regarding direction; if it stagnates so does the market. Fundamentally, the FOMC stalling has really created uncertainty and this breeds increased speculation and lots of bulls**t is spoken.\r\n\r\nMy thoughts are that the EUR/USD will head lower, as we still have divergent FED versus ECB monetary policies in play.\r\n\r\nFor the immediate future I see 1.0800 as support and 1.1060 as resistance.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5596\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015-1024x517.png\" alt=\"EURUSD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4870</strong>.\r\n\r\nYer man Carney was out again. Last Friday he was spouting at a forum, I think in Germany, along with other Central Bank governors about worldly matters from so high, the air was so thin, they all needed an oxygen supply, to enable them to breathe like normal folk.\r\n\r\nCarney was off again on raising rates in the UK. I think he gets a kick out of these statements. There must be some deep-rooted S+M fetish with Mark Carney, because, all he will do for the next month or so is punish himself by back stepping the remarks made about the next interest rate move being higher. However, because of the May 7<sup>th</sup> general election in the UK, Carney can no longer speak publicly from today until after the votes have been counted. Was Carney a clever dick then? Yeah right…\r\n\r\nMy contacts in the UK think that any movements in rates will kill off any recovery at all… hell what the feck do they know!\r\n\r\nCable looks pressured and I think that the long suppressed cross-rates are about to unleash havoc; GBP/CAD, GBP/NZD and GBP/AUD…do not forget the GBP/CHF, EUR/GBP and GBP/JPY.\r\n\r\nThe weekly chart below looks very bearish and I could argue that we are in a bear flag formation with a measured move lower to about 1.3000. Wouldn’t that be something?\r\n\r\nFor now, 1.4800 support is crucial for the GBP/USD to hold onto as a break lower could be ugly. Resistance at 1.5000 is a great solid round number that has held previously.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5595\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015-1024x517.png\" alt=\"GBPUSD W 29032015\" 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 0.7750</strong>.\r\n\r\nNot much of a move week on week with the AUD/USD. There has been very little economic data from Australia of late, very little on the quote front from the RBA, so its been commodity prices and equities that have managed moves with this pair, thus, we have seen very little movement to speak of that catches the eye. We are just above a trend line that I omitted to place on the chart below, but we have not pushed on nor have we checked the break by a re-test\r\n\r\nSupport is at 0.7700 and resistance at 0.7840.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5597\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015-1024x517.png\" alt=\"AUDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7571</strong>.\r\n\r\nThe NZD/USD is very similar to the AUD/USD, not much on the news front and no real direction of late. We broke out above previous resistance of 0.7620 temporarily but that was probably just an enthusiastic stop loss run.\r\n\r\nMy thoughts are that we will head lower in the longer term but for now we are stuck in a range.\r\n\r\nThe range is still 0.7170 to 0.7620.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5594\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015-1024x517.png\" alt=\"NZDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2616.</strong>\r\n\r\nThe chart below shows the immediate range of 1.2340 to 1.2840. We are stuck in the middle. We do however have a bullish trend and my thoughts with this pair are to the upside.\r\n\r\nThe immediate support is at 1.2450 and resistance at 1.2650.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5593\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015-1024x517.png\" alt=\"USDCAD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9608</strong>.\r\n\r\nThe 240 minutes trend line is in play and offers a great entry level moving forward. This pair looks to be in recovery mode after quite a large sell off of over 500 pips. I am looking to re-establish a long side trade this week on a pullback.\r\n\r\nWe must always bear in mind the vast majority of the time this pair is like a puppet managed by moves with the EUR/USD.\r\n\r\nSupport is at 0.9550 and resistance at 0.9725.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5592\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015-1024x517.png\" alt=\"USDCHF 240M (W) 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 119.13.</strong>\r\n\r\nWe are still in the same range in spite of all the shenanigans last week, but look to be moving lower. The PREMIUM SERVICE holds a short trade.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5591\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015-1024x517.png\" alt=\"USDJPY W 29032015\" 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 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: N/A.\r\n\r\nTUESDAY: EUR – Eurozone CPi.\r\nTUESDAY: CAD - GDP.\r\nTUESDAY: USD – Consumer Confidence.\r\nTUESDAY: CNY – Manufacturing PMi.\r\n\r\nWEDNESDAY: GBP – Manufacturing PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change\r\nWEDNESDAY: USD – ISM Manufacturing PMi.\r\nWEDNESDAY: NZD – Dairy Auction results.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – Construction PMi.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.\r\n\r\nI think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.\r\n\r\nWe have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.\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 - 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: - </strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition) </strong></p>\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<span style=\"text-decoration: underline;\">6.2 - 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<span style=\"text-decoration: underline;\">6.3 - 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<span style=\"text-decoration: underline;\">6.4 - 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday March 29th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator','UNION… WHAT UNION? - (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)','','inherit','open','closed','','5606-revision-v1','','','2015-03-28 11:20:30','2015-03-28 16:20:30','',5606,'https://weeklyfxdrivethru.com/5606-revision-v1/',0,'revision','',0),(5609,1,'2015-03-28 11:21:07','2015-03-28 16:21:07','<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: 29.03.2015\r\n</strong><strong style=\"line-height: 1.5;\">REFERENCE: #53\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<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\nThankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.\r\n\r\nHaving said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.\r\n\r\nBeing honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.\r\n\r\nI am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.\r\n\r\nI know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.\r\n\r\nI am writing about GREECE later so this section will be shorter than usual.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nNext week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.\r\n\r\nWe also have geopolitical news from GREECE and YEMEN to keep us busy.\r\n\r\nThis looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it\'s a nightmare. It may be the NFP for us all to miss.\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\nThis year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.\r\n\r\nSubscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.\r\n\r\nIf like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.\r\n\r\nTrading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.\r\n\r\nHowever, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.\r\n\r\nI also want to mention HEDGING.\r\n\r\nThis is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.\r\n\r\nIt can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.\r\n\r\nThese trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.\r\n\r\nIn the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11<sup>th</sup> and closed on the 25<sup>th</sup> March.\r\n\r\nIn my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.\r\n\r\nFinally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.\r\n\r\nI have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.\r\n\r\nI have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.\r\n\r\nIt’s all basic stuff BUT it works: -\r\n<p style=\"text-align: center;\"><strong>RISK MANAGEMENT</strong>\r\n<strong>POSITION SIZING</strong>\r\n<strong>TRADE PLANS</strong></p>\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>UNION…. WHAT UNION?\r\n(IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>\r\nI have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.\r\n\r\nThe European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.\r\n\r\nThe original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.\r\n\r\nWhat I cannot get my head around was all the talk years and years ago about: -\r\n<p style=\"text-align: center;\">Currency Union\r\nEconomic Union\r\nBanking Union\r\nTax Harmonization Union\r\nForeign Policy Union\r\nSocial and Welfare Union (The Social Chapter)\r\nAgricultural / Production Quota Harmonization</p>\r\nWell… we have the currency union and that\'s a f**k up.\r\n\r\nWhere are the rest? ….\r\n\r\nLike I have said before: -\r\n\r\n19 countries using the same cheque-book does not work\r\n\r\nIt then becomes all about trust - A Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.\r\n\r\nSo many different cultures in a meeting = no agreements\r\n\r\nI can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.\r\n\r\nAsk yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.\r\n\r\nA great example of a UNION… NOT!!\r\n\r\nBorn out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.\r\n\r\nThere is no trust in the EUROZONE that\'s why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.\r\n\r\nThe only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.\r\n\r\nAbout a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.\r\n\r\nThe Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!\r\n\r\nOver the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).\r\n\r\nThe fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?\r\n\r\nIt is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9<sup>th</sup> to the 20<sup>th</sup> of April as dates.\r\n\r\nIn the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.\r\n\r\nAt the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.\r\n\r\nGREECE is in a corner.\r\n\r\nHowever, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.\r\n\r\nIn addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.\r\n\r\nNot much of a union after such a long time… no trust between partners.\r\n\r\nThere are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.\r\n\r\nAs I said last week and very little has fundamentally changed: -\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.</em><em> </em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>GREECE needs debt relief.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>The EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>It is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Suck it up….</em> </span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>Austerity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.</em></span></p>\r\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em>These are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.</em></span></p>\r\nThe “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.\r\n\r\nThis is not over… tomorrow is a big day and I think it will all end in tears very soon.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\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\nPlease note from April 1<sup>st</sup> prices will be increasing and subscription options will be changing.\r\n\r\n&nbsp;\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 4.2)\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;\">TRADE SET-UPS - 2015 to date:</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MICRO LOT TRADER</span> - 187 trades cost to trade = $18.70\r\n<strong>PROFIT</strong> from 187 trades = $286.60</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">MINI LOT TRADER</span> - 187 trades cost to trade = $187.00\r\n<strong>PROFIT</strong> from 187 trades = $2,866.00</p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">STANDARD LOT TRADER</span> - 187 trades cost to trade = $1,870.00\r\n<strong>PROFIT</strong> from 187 trades = $28,660.00</p>\r\nWhich trader are you?\r\n\r\nIf you want to be part of this go to <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> or check out more information at the end of this blog in section 6.\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&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\"><img class=\"aligncenter size-full wp-image-5584\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\" alt=\"PROFIT-LOSS 29032015\" width=\"405\" height=\"582\" /></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/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a>\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/2015/03/PREM-SERV-PROFITS1-29032105.png\"><img class=\"aligncenter size-full wp-image-5585\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png\" alt=\"PREM SERV PROFITS1 29032105\" width=\"454\" height=\"436\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\"><img class=\"aligncenter size-full wp-image-5586\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\" alt=\"PREM SERV PROFITS2 29032105\" width=\"454\" height=\"440\" /></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<p style=\"text-align: center;\"><strong>THE MOST OVERLOOKED RISKS IN TRADING AND HOW TO ADDRESS THEM</strong></p>\r\nTrading involves a great deal of risk. If it didn’t, everyone would be zillionaires! However, there are a few risks that we tend to overlook.\r\n\r\nThe very well renowned trading psychologist Brett Steenbarger has pointed out that there are also other risks involved, which many of us easily overlook, namely:<strong> </strong>\r\n\r\n<strong>THE RISK OF BOREDOM:</strong>\r\n\r\nA lot of people are drawn into trading because of the prospect of making big money in a relatively short span of time. But sometimes, there’s just not that much action in the market or your trading system simply isn’t catching any of the moves.\r\n\r\nIf a Trader is impatient, he could resort to abandoning his trading system or could find himself forcing trades\r\n\r\nIf you find yourself fidgeting and can’t wait to get a piece of the market, it would be better for you to take a step back from your charts. Stop the monotony and take a break by visiting trading forums or reading up on the markets.<strong> </strong>\r\n\r\n<strong>THE RISK OF “DRAW-UPS”:</strong>\r\n\r\nWe are fully aware of the dangers and pains of drawdowns, but did you know that you also face risks when your account rises in value or incurs a “draw-up”?\r\n\r\nThat’s right. Traders also experience a risk after going through a series of profitable trades. After having a successful streak, many traders tend to make bad trading decisions because of overconfidence. They end up increasing their position sizes to unmanageable levels, taking too many trades, and abandoning their trading plans.\r\n\r\nThis is precisely why it is important for traders to always keep their emotions in check. Failing to do so can lead you to be lax with your trade execution. Remember to always stick to your trading plan and keep your ego in check.\r\n\r\n&nbsp;\r\n\r\n<strong>THE RISK OF SEQUENCING:</strong>\r\n\r\nNo matter how well you manage your trades or how consistent your trading system is, you never really know in advance the sequencing of your profitable and losing trades.\r\n\r\nA trader experiences sequencing risk when he begins to take the sequencing of his wins and / or losses out of statistical context. For instance, you may go through a series of wins and think that you have mastered the markets, which can easily lead to over confidence.\r\n\r\nAlternatively a series of losses may make you doubt yourself or your trading strategy, leading you to deviate from your trading plans and make bad trading decisions.\r\n\r\nEven times of alternating profits and losses can be perceived the wrong way. If you see your account balance just bouncing up and down without any real progress, you make take it as a sign that you are not improving and lose motivation or give up altogether.\r\n\r\nLuckily there is a way to avoid this dangerous mindset. By using a trading journal you can help put things into the proper perspective and keep the bigger picture in mind.\r\n\r\nThe best way to address these problems would be to align your psychological risks to your actual risks. You can only do so by keeping track of your stats, so put in the work and always update your journals!\r\n\r\nRemember that being a FOREX trader is a full time job. Although you may not be trading 24/7, there is always research work that needs to be done.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:</span>\r\n\r\nTo quotes English football managers of old, last week was a game of two halves. The beginning of the week saw me battling to try and hold back on losses from trades from the previous week. To some extent it worked but overall, I class it a failure. The PREMIUM SERVICE and my own accounts took a hit….yikes!\r\n\r\nWednesday, I did very little other than research set-ups and scan for probability trades and got them in position. Thursday and Friday were good trading days. I recovered about 80% of the losses in the PREMIUM SERVICE, and I am really happy the way things ended up, as last Tuesday I posted losses that were bad, but they could have been much worse.\r\n\r\nI have spoken with many of you and it does appear that most of you like me were the wrong side of the market late the week before and Monday /Tuesday last week.\r\n\r\nTrading is extremely difficult at the moment; to keep your head above water is the key measure of success at the moment. I keep saying, believing that a directional market is on its way; we could do with a break from the chop fest that we are being served at the moment.\r\n\r\nWe are very range bound again, I just feel like we are moving from one range to another without being directional. Having said that, the PREMIUM SERVICE trades are still producing a steady growth in capital.\r\n\r\nThe bottom line is basically what I wrote last week. Not being greedy and over exposing yourself to risk actually works. It enables wider stops to cope with volatility and whilst you may incur larger pip losses your $$$ losses are maybe a little less. Should the trade move in your direction you can add to your original position.\r\n\r\nWe are driven by both FEAR and GREED and, in my opinion how we manage this says everything about us as traders.\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/2015/03/PS-LIVE-TRADES-29032015.png\"><img class=\"aligncenter size-full wp-image-5588\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIVE-TRADES-29032015.png\" alt=\"PS LIVE TRADES 29032015\" width=\"734\" height=\"507\" /></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/2015/03/PS-LIMIT-ORDERS-29032015.png\"><img class=\"aligncenter size-full wp-image-5587\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PS-LIMIT-ORDERS-29032015.png\" alt=\"PS LIMIT ORDERS 29032015\" width=\"714\" height=\"414\" /></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 relating mainly 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5602\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT337-GBPUSD-240M-29032015-1024x517.png\" alt=\"RT337 GBPUSD 240M 29032015\" 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/2015/03/RT338-EURUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5601\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT338-EURUSD-240M-29032015-1024x517.png\" alt=\"RT338 EURUSD 240M 29032015\" 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/2015/03/RT340-USDCAD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5599\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT340-USDCAD-240M-29032015-1024x517.png\" alt=\"RT340 USDCAD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5598\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT341-EURGBP-240M-29032015-1024x517.png\" alt=\"RT341 EURGBP 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RT339-USDCHF-240M-29032015.png\">\r\n</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5603\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-240M-29032015-1024x517.png\" alt=\"NZDUSD 240M 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015.png\"><img class=\"aligncenter size-large wp-image-5604\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPJPY-WEEKLY-29032015-1024x517.png\" alt=\"GBPJPY WEEKLY 29032015\" 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/2015/03/AUDUSD-240M-29032015.png\"><img class=\"aligncenter size-large wp-image-5605\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-240M-29032015-1024x517.png\" alt=\"AUDUSD 240M 29032015\" 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/2015/03/TRENDING-PAIRS-29032105.png\"><img class=\"aligncenter size-full wp-image-5589\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/TRENDING-PAIRS-29032105.png\" alt=\"TRENDING PAIRS 29032105\" width=\"398\" height=\"513\" /></a>\r\n\r\n&nbsp;\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 1.0884.</strong>\r\n\r\nAnother 60 pip jump higher in the weekly closing price. Is the race to parity and below over? Now there’s a blog title if there ever was one.\r\n\r\nThe chart below shows the new trading range of 1.0450 to 1.1060. Looking forward, we really need to break one way or another to give us clues. This pair is so pivotal to the Forex market regarding direction; if it stagnates so does the market. Fundamentally, the FOMC stalling has really created uncertainty and this breeds increased speculation and lots of bulls**t is spoken.\r\n\r\nMy thoughts are that the EUR/USD will head lower, as we still have divergent FED versus ECB monetary policies in play.\r\n\r\nFor the immediate future I see 1.0800 as support and 1.1060 as resistance.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5596\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/EURUSD-W-29032015-1024x517.png\" alt=\"EURUSD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.4870</strong>.\r\n\r\nYer man Carney was out again. Last Friday he was spouting at a forum, I think in Germany, along with other Central Bank governors about worldly matters from so high, the air was so thin, they all needed an oxygen supply, to enable them to breathe like normal folk.\r\n\r\nCarney was off again on raising rates in the UK. I think he gets a kick out of these statements. There must be some deep-rooted S+M fetish with Mark Carney, because, all he will do for the next month or so is punish himself by back stepping the remarks made about the next interest rate move being higher. However, because of the May 7<sup>th</sup> general election in the UK, Carney can no longer speak publicly from today until after the votes have been counted. Was Carney a clever dick then? Yeah right…\r\n\r\nMy contacts in the UK think that any movements in rates will kill off any recovery at all… hell what the feck do they know!\r\n\r\nCable looks pressured and I think that the long suppressed cross-rates are about to unleash havoc; GBP/CAD, GBP/NZD and GBP/AUD…do not forget the GBP/CHF, EUR/GBP and GBP/JPY.\r\n\r\nThe weekly chart below looks very bearish and I could argue that we are in a bear flag formation with a measured move lower to about 1.3000. Wouldn’t that be something?\r\n\r\nFor now, 1.4800 support is crucial for the GBP/USD to hold onto as a break lower could be ugly. Resistance at 1.5000 is a great solid round number that has held previously.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5595\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/GBPUSD-W-29032015-1024x517.png\" alt=\"GBPUSD W 29032015\" 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 0.7750</strong>.\r\n\r\nNot much of a move week on week with the AUD/USD. There has been very little economic data from Australia of late, very little on the quote front from the RBA, so its been commodity prices and equities that have managed moves with this pair, thus, we have seen very little movement to speak of that catches the eye. We are just above a trend line that I omitted to place on the chart below, but we have not pushed on nor have we checked the break by a re-test\r\n\r\nSupport is at 0.7700 and resistance at 0.7840.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5597\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/AUDUSD-W-27032015-1024x517.png\" alt=\"AUDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>NZD/USD: Closing Price 0.7571</strong>.\r\n\r\nThe NZD/USD is very similar to the AUD/USD, not much on the news front and no real direction of late. We broke out above previous resistance of 0.7620 temporarily but that was probably just an enthusiastic stop loss run.\r\n\r\nMy thoughts are that we will head lower in the longer term but for now we are stuck in a range.\r\n\r\nThe range is still 0.7170 to 0.7620.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015.png\"><img class=\"aligncenter size-large wp-image-5594\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/NZDUSD-W-27032015-1024x517.png\" alt=\"NZDUSD W 27032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>USD/CAD: Closing Price 1.2616.</strong>\r\n\r\nThe chart below shows the immediate range of 1.2340 to 1.2840. We are stuck in the middle. We do however have a bullish trend and my thoughts with this pair are to the upside.\r\n\r\nThe immediate support is at 1.2450 and resistance at 1.2650.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5593\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCAD-W-29032015-1024x517.png\" alt=\"USDCAD W 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9608</strong>.\r\n\r\nThe 240 minutes trend line is in play and offers a great entry level moving forward. This pair looks to be in recovery mode after quite a large sell off of over 500 pips. I am looking to re-establish a long side trade this week on a pullback.\r\n\r\nWe must always bear in mind the vast majority of the time this pair is like a puppet managed by moves with the EUR/USD.\r\n\r\nSupport is at 0.9550 and resistance at 0.9725.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5592\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDCHF-240M-W-29032015-1024x517.png\" alt=\"USDCHF 240M (W) 29032015\" width=\"1024\" height=\"517\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong>USD/JPY: Closing Price 119.13.</strong>\r\n\r\nWe are still in the same range in spite of all the shenanigans last week, but look to be moving lower. The PREMIUM SERVICE holds a short trade.\r\n\r\nSupport at 115.60 and resistance at 122.00\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015.png\"><img class=\"aligncenter size-large wp-image-5591\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/USDJPY-W-29032015-1024x517.png\" alt=\"USDJPY W 29032015\" 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 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: N/A.\r\n\r\nTUESDAY: EUR – Eurozone CPi.\r\nTUESDAY: CAD - GDP.\r\nTUESDAY: USD – Consumer Confidence.\r\nTUESDAY: CNY – Manufacturing PMi.\r\n\r\nWEDNESDAY: GBP – Manufacturing PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change\r\nWEDNESDAY: USD – ISM Manufacturing PMi.\r\nWEDNESDAY: NZD – Dairy Auction results.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – Construction PMi.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.\r\n\r\nI think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.\r\n\r\nWe have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.\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 - 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: - </strong>\r\n<strong>10 weeks - $200.00</strong>\r\n<strong>20 weeks - $350.00</strong>\r\n<strong>40 weeks - $500.00</strong>\r\n<strong>(Please note that from April 1<sup>st</sup> 2015, subscription costs are changing and options expanding in line with market conditions and competition) </strong></p>\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<span style=\"text-decoration: underline;\">6.2 - 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<span style=\"text-decoration: underline;\">6.3 - 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<span style=\"text-decoration: underline;\">6.4 - 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.\r\n\r\n&nbsp;\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday March 29th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator','UNION… WHAT UNION? - (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)','','inherit','open','closed','','5606-revision-v1','','','2015-03-28 11:21:07','2015-03-28 16:21:07','',5606,'https://weeklyfxdrivethru.com/5606-revision-v1/',0,'revision','',0),(5616,1,'2015-03-28 11:39:08','2015-03-28 16:39:08','<section class=\"one-sixth first\">\r\n<h4>Completed Trades Risk/Reward Analysis Archives</h4>\r\n<div class=\"menu\"><a class=\"flashmenu-item\" href=\"#\">2015</a></div>\r\n</section><section class=\"five-sixths\">\r\n<div class=\"one-half first\">\r\n<h2>This Year\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a></h2>\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','','','2015-03-28 11:39:08','2015-03-28 16:39:08','',5006,'https://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(5617,1,'2015-03-28 11:40:02','2015-03-28 16:40:02','<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</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','','','2015-03-28 11:40:02','2015-03-28 16:40:02','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(5618,1,'2015-03-28 12:33:02','2015-03-28 17:33:02','<h3 style=\"text-align: center;\">THE PREMIUM SERVICE\r\nThe Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</h3>\r\nDATE: 29.03.2015\r\nREFERENCE: #145\r\nBLOG: THE WEEKLY FX DRIVE THRU\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></strong>\r\n<p style=\"text-align: center;\"><strong>MY OVERVIEW OF THE FOREX MARKET:</strong>\r\n<strong> LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</strong></p>\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\nThankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.\r\n\r\nHaving said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.\r\n\r\nBeing honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.\r\n\r\nI am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.\r\n\r\nI know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.\r\n\r\nI am writing about GREECE later so this section will be shorter than usual.\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nNext week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.\r\n\r\nWe also have geopolitical news from GREECE and YEMEN to keep us busy.\r\n\r\nThis looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it\'s a nightmare. It may be the NFP for us all to miss.\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):</span>\r\n\r\nThis year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.\r\n\r\nSubscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.\r\n\r\nIf like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.\r\n\r\nTrading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.\r\n\r\nHowever, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.\r\n\r\nI also want to mention HEDGING.\r\n\r\nThis is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.\r\n\r\nIt can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.\r\n\r\nThese trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.\r\n\r\nIn the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11th and closed on the 25th March.\r\n\r\nIn my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.\r\n\r\nFinally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.\r\n\r\nI have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.\r\n\r\nI have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.\r\n\r\nIt’s all basic stuff BUT it works: -\r\n\r\n<strong>RISK MANAGEMENT</strong>\r\n<strong> POSITION SIZING</strong>\r\n<strong> TRADE PLANS</strong>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">2. WHAT’S ON MY MIND: -</span></strong>\r\n<strong><span style=\"text-decoration: underline;\"> THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong>\r\n<p style=\"text-align: center;\"><strong>UNION…. WHAT UNION?</strong>\r\n<strong> (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>\r\nI have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.\r\n\r\nThe European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.\r\n\r\nThe original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.\r\n\r\nWhat I cannot get my head around was all the talk years and years ago about: -\r\n\r\nCurrency Union\r\nEconomic Union\r\nBanking Union\r\nTax Harmonization Union\r\nForeign Policy Union\r\nSocial and Welfare Union (The Social Chapter)\r\nAgricultural / Production Quota Harmonization\r\n\r\nWell… we have the currency union and that\'s a f**k up.\r\n\r\nWhere are the rest? ….\r\n\r\nLike I have said before: -\r\n\r\n19 countries using the same cheque-book does not work\r\nIt then becomes all about trust\r\nA Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.\r\nSo many different cultures in a meeting = no agreements\r\n\r\nI can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.\r\n\r\nAsk yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.\r\n\r\nA great example of a UNION… NOT!!\r\n\r\nBorn out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.\r\n\r\nThere is no trust in the EUROZONE that\'s why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.\r\n\r\nThe only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.\r\n\r\nAbout a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.\r\n\r\nThe Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!\r\n\r\nOver the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).\r\n\r\nThe fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?\r\n\r\nIt is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9th to the 20th of April as dates.\r\n\r\nIn the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.\r\n\r\nAt the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.\r\n\r\nGREECE is in a corner.\r\n\r\nHowever, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.\r\n\r\nIn addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.\r\n\r\nNot much of a union after such a long time… no trust between partners.\r\n\r\nThere are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.\r\n\r\nAs I said last week and very little has fundamentally changed: -\r\n\r\nAusterity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nThe “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.\r\n\r\nThis is not over… tomorrow is a big day and I think it will all end in tears very soon.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. THE PREMIUM SERVICE:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span>\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 www.weeklyfxdrivethru.com 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\nPlease note from April 1st prices will be increasing and subscription options will be changing.\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\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 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</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>MICRO LOT TRADER - 187 trades cost to trade = $18.70</strong>\r\n<strong> PROFIT from 187 trades = $286.60</strong></p>\r\n<p style=\"text-align: center;\"><strong>MINI LOT TRADER - 187 trades cost to trade = $187.00</strong>\r\n<strong> PROFIT from 187 trades = $2,866.00</strong></p>\r\n<p style=\"text-align: center;\"><strong>STANDARD LOT TRADER - 187 trades cost to trade = $1,870.00</strong>\r\n<strong> PROFIT from 187 trades = $28,660.00</strong></p>\r\nWhich trader are you?\r\n\r\nIf you want to be part of this go to www.weeklyfxdrivethru.com or check out more information at the end of this blog in section 6.\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/2015/03/PROFIT-LOSS-29032015.png\"><img class=\"aligncenter size-full wp-image-5584\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\" alt=\"PROFIT-LOSS 29032015\" width=\"405\" height=\"582\" /></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/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a>\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/2015/03/PREM-SERV-PROFITS1-29032105.png\"><img class=\"aligncenter size-full wp-image-5585\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png\" alt=\"PREM SERV PROFITS1 29032105\" width=\"454\" height=\"436\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\"><img class=\"aligncenter size-full wp-image-5586\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\" alt=\"PREM SERV PROFITS2 29032105\" width=\"454\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">4. PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong>\r\n<span style=\"text-decoration: underline;\"> (Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)</span>\r\n\r\n4.1 - EDUCATION:\r\n(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab).\r\n\r\n4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:\r\n\r\n4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:\r\n(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>5. THE WEEK AHEAD: -</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</strong></span>\r\n\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: N/A.\r\n\r\nTUESDAY: EUR – Eurozone CPi.\r\nTUESDAY: CAD - GDP.\r\nTUESDAY: USD – Consumer Confidence.\r\nTUESDAY: CNY – Manufacturing PMi.\r\n\r\nWEDNESDAY: GBP – Manufacturing PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change\r\nWEDNESDAY: USD – ISM Manufacturing PMi.\r\nWEDNESDAY: NZD – Dairy Auction results.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – Construction PMi.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.\r\n\r\nI think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.\r\n\r\nWe have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.</strong>\r\n<strong> IT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. 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\r\n<span style=\"text-decoration: underline;\"><strong>6. DISCLAIMERS &amp; OTHER DATA:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">6.1 - PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>\r\n\r\nFull details regarding the PREMIUM SERVICE can be found on my website www.weeklyfxdrivethru.com\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: -</strong>\r\n<strong> 10 weeks - $200.00</strong>\r\n<strong> 20 weeks - $350.00</strong>\r\n<strong> 40 weeks - $500.00</strong>\r\n<strong> (Please note that from April 1st 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong></p>\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<span style=\"text-decoration: underline;\">6.2 - 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: - www.weeklyfxdrivethru.com\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<span style=\"text-decoration: underline;\">6.3 - 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, www.weeklyfxdrivethru.com 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;\">6.4 - 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.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday March 29th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator','UNION… WHAT UNION? - (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)','','publish','open','closed','','union-what-union-its-all-about-trust-but-there-isnt-any','','','2015-03-28 12:45:27','2015-03-28 17:45:27','',0,'https://weeklyfxdrivethru.com/?p=5618',0,'post','',0),(5619,1,'2015-03-28 12:31:30','2015-03-28 17:31:30','<h3 style=\"text-align: center;\">THE PREMIUM SERVICE\r\nThe Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</h3>\r\nDATE: 29.03.2015\r\nREFERENCE: #145\r\nBLOG: THE WEEKLY FX DRIVE THRU\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></strong>\r\n\r\n<span style=\"text-decoration: underline;\">MY OVERVIEW OF THE FOREX MARKET:</span>\r\n<span style=\"text-decoration: underline;\"> LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</span>\r\n\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\nThankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.\r\n\r\nHaving said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.\r\n\r\nBeing honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.\r\n\r\nI am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.\r\n\r\nI know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.\r\n\r\nI am writing about GREECE later so this section will be shorter than usual.\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nNext week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.\r\n\r\nWe also have geopolitical news from GREECE and YEMEN to keep us busy.\r\n\r\nThis looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it\'s a nightmare. It may be the NFP for us all to miss.\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):</span>\r\n\r\nThis year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.\r\n\r\nSubscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.\r\n\r\nIf like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.\r\n\r\nTrading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.\r\n\r\nHowever, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.\r\n\r\nI also want to mention HEDGING.\r\n\r\nThis is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.\r\n\r\nIt can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.\r\n\r\nThese trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.\r\n\r\nIn the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11th and closed on the 25th March.\r\n\r\nIn my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.\r\n\r\nFinally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.\r\n\r\nI have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.\r\n\r\nI have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.\r\n\r\nIt’s all basic stuff BUT it works: -\r\n\r\n<strong>RISK MANAGEMENT</strong>\r\n<strong> POSITION SIZING</strong>\r\n<strong> TRADE PLANS</strong>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">2. WHAT’S ON MY MIND: -</span></strong>\r\n<strong><span style=\"text-decoration: underline;\"> THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong>\r\n<p style=\"text-align: center;\"><strong>UNION…. WHAT UNION?</strong>\r\n<strong> (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>\r\nI have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.\r\n\r\nThe European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.\r\n\r\nThe original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.\r\n\r\nWhat I cannot get my head around was all the talk years and years ago about: -\r\n\r\nCurrency Union\r\nEconomic Union\r\nBanking Union\r\nTax Harmonization Union\r\nForeign Policy Union\r\nSocial and Welfare Union (The Social Chapter)\r\nAgricultural / Production Quota Harmonization\r\n\r\nWell… we have the currency union and that\'s a f**k up.\r\n\r\nWhere are the rest? ….\r\n\r\nLike I have said before: -\r\n\r\n19 countries using the same cheque-book does not work\r\nIt then becomes all about trust\r\nA Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.\r\nSo many different cultures in a meeting = no agreements\r\n\r\nI can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.\r\n\r\nAsk yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.\r\n\r\nA great example of a UNION… NOT!!\r\n\r\nBorn out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.\r\n\r\nThere is no trust in the EUROZONE that\'s why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.\r\n\r\nThe only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.\r\n\r\nAbout a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.\r\n\r\nThe Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!\r\n\r\nOver the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).\r\n\r\nThe fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?\r\n\r\nIt is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9th to the 20th of April as dates.\r\n\r\nIn the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.\r\n\r\nAt the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.\r\n\r\nGREECE is in a corner.\r\n\r\nHowever, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.\r\n\r\nIn addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.\r\n\r\nNot much of a union after such a long time… no trust between partners.\r\n\r\nThere are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.\r\n\r\nAs I said last week and very little has fundamentally changed: -\r\n\r\nAusterity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nThe “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.\r\n\r\nThis is not over… tomorrow is a big day and I think it will all end in tears very soon.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. THE PREMIUM SERVICE:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span>\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 www.weeklyfxdrivethru.com 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\nPlease note from April 1st prices will be increasing and subscription options will be changing.\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\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 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</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>MICRO LOT TRADER - 187 trades cost to trade = $18.70</strong>\r\n<strong> PROFIT from 187 trades = $286.60</strong></p>\r\n<p style=\"text-align: center;\"><strong>MINI LOT TRADER - 187 trades cost to trade = $187.00</strong>\r\n<strong> PROFIT from 187 trades = $2,866.00</strong></p>\r\n<p style=\"text-align: center;\"><strong>STANDARD LOT TRADER - 187 trades cost to trade = $1,870.00</strong>\r\n<strong> PROFIT from 187 trades = $28,660.00</strong></p>\r\nWhich trader are you?\r\n\r\nIf you want to be part of this go to www.weeklyfxdrivethru.com or check out more information at the end of this blog in section 6.\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/2015/03/PROFIT-LOSS-29032015.png\"><img class=\"aligncenter size-full wp-image-5584\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\" alt=\"PROFIT-LOSS 29032015\" width=\"405\" height=\"582\" /></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/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a>\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/2015/03/PREM-SERV-PROFITS1-29032105.png\"><img class=\"aligncenter size-full wp-image-5585\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png\" alt=\"PREM SERV PROFITS1 29032105\" width=\"454\" height=\"436\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\"><img class=\"aligncenter size-full wp-image-5586\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\" alt=\"PREM SERV PROFITS2 29032105\" width=\"454\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">4. PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong>\r\n<span style=\"text-decoration: underline;\"> (Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)</span>\r\n\r\n4.1 - EDUCATION:\r\n(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab).\r\n\r\n4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:\r\n\r\n4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:\r\n(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>5. THE WEEK AHEAD: -</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</strong></span>\r\n\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: N/A.\r\n\r\nTUESDAY: EUR – Eurozone CPi.\r\nTUESDAY: CAD - GDP.\r\nTUESDAY: USD – Consumer Confidence.\r\nTUESDAY: CNY – Manufacturing PMi.\r\n\r\nWEDNESDAY: GBP – Manufacturing PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change\r\nWEDNESDAY: USD – ISM Manufacturing PMi.\r\nWEDNESDAY: NZD – Dairy Auction results.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – Construction PMi.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.\r\n\r\nI think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.\r\n\r\nWe have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.\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>\r\n<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\r\n<span style=\"text-decoration: underline;\"><strong>6. DISCLAIMERS &amp; OTHER DATA:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">6.1 - PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>\r\n\r\nFull details regarding the PREMIUM SERVICE can be found on my website www.weeklyfxdrivethru.com\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: -</strong>\r\n<strong> 10 weeks - $200.00</strong>\r\n<strong> 20 weeks - $350.00</strong>\r\n<strong> 40 weeks - $500.00</strong>\r\n<strong> (Please note that from April 1st 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong></p>\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<span style=\"text-decoration: underline;\">6.2 - 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: - www.weeklyfxdrivethru.com\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<span style=\"text-decoration: underline;\">6.3 - 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, www.weeklyfxdrivethru.com 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;\">6.4 - 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.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday March 29th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator','UNION… WHAT UNION? - (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)','','inherit','open','closed','','5618-revision-v1','','','2015-03-28 12:31:30','2015-03-28 17:31:30','',5618,'https://weeklyfxdrivethru.com/5618-revision-v1/',0,'revision','',0),(5620,1,'2015-03-28 12:32:49','2015-03-28 17:32:49','<h3 style=\"text-align: center;\">THE PREMIUM SERVICE\r\nThe Home of Single-Lot Trading\r\nwww.weeklyfxdrivethru.com</h3>\r\nDATE: 29.03.2015\r\nREFERENCE: #145\r\nBLOG: THE WEEKLY FX DRIVE THRU\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">1. INTRODUCTION:</span></strong>\r\n<p style=\"text-align: center;\"><strong>MY OVERVIEW OF THE FOREX MARKET:</strong>\r\n<strong> LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS AT THE FX MARKET:</strong></p>\r\n<span style=\"text-decoration: underline;\">1.1 - LOOKING BACKWARDS:</span>\r\n\r\nThankfully, last week was a better overall trading environment for me and listening to several traders I think that quite a lot of people felt happier last week than the week before.\r\n\r\nHaving said that I took losses at the beginning of last week on Monday and Tuesday and then I had a “Yellen day” ….. “PATIENCE” and then on Thursday and Friday I took profits on some great set-ups even if I say so myself.\r\n\r\nBeing honest, the direct FX news last week didn’t really get me excited at all and I think that helped, however, geopolitical news around GREECE and YEMEN with worries about OIL supply kept the markets busy.\r\n\r\nI am not 100% surprised, but I am surprised nevertheless how much the price of OIL dominates all markets. YEMEN is NOT a big player at all in Oil supply yet unrest in the Middle East will always have the OIL speculators frothing at the mouth. Given the fact that it is well publicized that any available oil storage container, anywhere in the world is currently full of OIL, it is surprising that a small country’s oil supply can have any impact whatsoever. I think that the fear in oil is driven by its locality rather than its productivity.\r\n\r\nI know “It’s all about Commodities” - I have written this so many times over the past four years, it is one of my buzz phrases, but the storage of OIL and COPPER the world over is surely going to keep these prices low for an extended period of time and a non player like YEMEN and its location to shipping lanes should not maybe hold as high a profile on OIL supply. Again, this is what OIL speculators do to this market. Thank goodness I do not trade OIL.\r\n\r\nI am writing about GREECE later so this section will be shorter than usual.\r\n\r\n<span style=\"text-decoration: underline;\">1.2 - LOOKING FORWARDS:</span>\r\n\r\nNext week, we have the start of the Easter weekend and prior to that we have a lot of PMi data and U.S. employment data. Most key data this week is USD based. This will be great to see if we can get more clues on the quality of the U.S. recovery, which is all over the place at times.\r\n\r\nWe also have geopolitical news from GREECE and YEMEN to keep us busy.\r\n\r\nThis looks an awkward week; if you are relatively new to Forex this may be an opportunity to have an extended Easter break. All we seem to be doing at the moment is a Robert Palmer (Looking for Clues), from the FED. Everyone, myself included is hung up on will they or wont they increase rates before the summer, in the autumn (fall) or will it be 2016. This uncertainty and desire to create speculation beyond belief causes spikes and false unsubstantiated moves. Add in labour statistics and it is poor recipe, add in labour statistics in an illiquid market (Good Friday) and it\'s a nightmare. It may be the NFP for us all to miss.\r\n\r\n<span style=\"text-decoration: underline;\">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):</span>\r\n\r\nThis year my PROFIT/LOSS ratio has caused me a few concerns as I am not at the 80/20 level that I have as my goal.\r\n\r\nSubscribers to the PREMIUM SERVICE know that I have a small “Peer” group of long time traders, four of us in total that webinar meet every fortnight.\r\n\r\nIf like me you are a little concerned that so far this year your ratio of profitable trades to loss making trades is out of sync with last year and that your profit per trade has reduced from last year as well….. Do not worry…. add me, and my three trading buddies to the same group. As I wrote last week, we have had a wild ride in the Forex markets in 2015 so far. This wild ride has manifested itself in many ways, two of which are ratios and profits per trade. It would appear that we are trading a little more and taking a little less.\r\n\r\nTrading last week was hard. I lost a lot of pips and $$$ at the beginning of the week, trying my best to exit the trades still LIVE from the week before with as small a loss as possible. To some extent I achieved this but I took big losses in $$$ and in pips.\r\n\r\nHowever, that was the beginning of the week, on Thursday and Friday last week I recovered about 80-85% of the losses incurred at the start of the week. So I ended last week in a very positive frame of mind, even though the PREMIUM SERVICE income for the month and year to date dipped a little. It could have been much, much worse than it ended last Friday evening.\r\n\r\nI also want to mention HEDGING.\r\n\r\nThis is subject far too easily dismissed as either too risky or too complicated to set-up. To a large extent I agree it can be cumbersome. However, I am constantly refining the PREMIUM SERVICE – FUNDAMENTAL TRADE set-ups to automatically have a hedge built into the email alerts. Should TRADE 1 work as planned, I now include a pre-determined list of when to add additional positions. In addition, built into the alert I provide details of when and where to move stops on the existing positions within the overall trade called “The Stair Stepping Stop Protection’ (SSSP). Also on this supplementary page of the alert I include some basic hedging ideas.\r\n\r\nIt can be viewed as time consuming and risky, as removing /activating trades is not an exact science. I agree but, as I suggest smaller position sizes the $$$ risks to get the trade moving are minimalized.\r\n\r\nThese trades can be very profitable in the right market conditions, they require little maintenance and I run these in a separate broker account to keep apart from my main accounts and trades.\r\n\r\nIn the past 7 days, GBP/CHF reverse HEDGE trade, which was originally a long trade that was covered in favour of Trade 2 (the short trade hedge). With Trade 2 the PREMIUM SERVICE took a net 400 pips profit on the overall trade that triggered on the 11th and closed on the 25th March.\r\n\r\nIn my opinion, a couple of these trades a month should not be dismissed. They add another level to the technical side of trading for a low cost, if traded with proper RISK MANAGEMENT in place.\r\n\r\nFinally, as retail traders we are mice in a market of huge elephants. We measure ourselves in $$$ returns, quite correctly. However, there is much more to this. FEAR and GREED dominate our approach and styles just the same as the large moneymakers within large corporations, it is our trading volumes, which are smaller, but the key drivers are identical.\r\n\r\nI have listened to many traders / subscribers and read quite a bit of late, in particular, following the “SNB DAY”, that traders have revenge traded trying to gain back losses through poor position sizing only making matters worse through poor RISK MANAGEMENT.\r\n\r\nI have learned that in todays Forex market wider stops to cope with the increased volatility that we have is the way to trade. To do this effectively you must lower your position size to be cost effective and manage your $$$ accordingly.\r\n\r\nIt’s all basic stuff BUT it works: -\r\n\r\n<strong>RISK MANAGEMENT</strong>\r\n<strong> POSITION SIZING</strong>\r\n<strong> TRADE PLANS</strong>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">2. WHAT’S ON MY MIND: -</span></strong>\r\n<strong><span style=\"text-decoration: underline;\"> THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong>\r\n<p style=\"text-align: center;\"><strong>UNION…. WHAT UNION?</strong>\r\n<strong> (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)</strong></p>\r\nI have to be frank with you; I am a bit of a euro-skeptic. If you hadn’t gathered that over the past four years, there you go, I have put it in print.\r\n\r\nThe European Economic Community (EEC) now called the European Union (EU) in my opinion is flawed in many ways. I have covered this topic many times before and I do not want to go over old ground, if it really interests you, you can check out all the historical blogs on my website.\r\n\r\nThe original idea of the EEC was “free trade” to compete with EFTA (The European Free Trade Association). This I agree with.\r\n\r\nWhat I cannot get my head around was all the talk years and years ago about: -\r\n\r\nCurrency Union\r\nEconomic Union\r\nBanking Union\r\nTax Harmonization Union\r\nForeign Policy Union\r\nSocial and Welfare Union (The Social Chapter)\r\nAgricultural / Production Quota Harmonization\r\n\r\nWell… we have the currency union and that\'s a f**k up.\r\n\r\nWhere are the rest? ….\r\n\r\nLike I have said before: -\r\n\r\n19 countries using the same cheque-book does not work\r\nIt then becomes all about trust\r\nA Central Bank (ECB) is a great idea but all country central banks are then in straight jackets unable to act independently.\r\nSo many different cultures in a meeting = no agreements\r\n\r\nI can extend this list. The above is a poor recipe for problem solving. Not that politicians are problem solvers in any case, they are more like blame attributers.\r\n\r\nAsk yourself, when has the EUROZONE ever agreed on anything? Yes, I thought for a while and couldn’t come up with anything.\r\n\r\nA great example of a UNION… NOT!!\r\n\r\nBorn out of a desire of France and Germany to work closer together on a broad range of subjects it really has flattered to deceive.\r\n\r\nThere is no trust in the EUROZONE that\'s why it is what it is and that is why it is where it is…it defers all decisions by kicking cans down the road.\r\n\r\nThe only business to benefit since the inception of the EUROZONE in my opinion is the hospitality industry. The amount of meetings in Brussels with EUROZONE leaders and/or Finance ministers is overwhelming; sales of cheese, pate and fine wines are through the roof.\r\n\r\nAbout a month ago the new GREEK government formed by the Syriza party came to power on the back of a manifesto promising changes to the Greek population, who had been under the “cosh” of harsh austerity for a number of years, that frankly did not work.\r\n\r\nThe Germans who rule the EUROZONE said austerity should have worked so that’s it…it should have. The fact it did not for whatever reason or reasons is totally irrelevant to the German mindset. Here is a trust issue where the periphery don’t believe or trust the “German” approach. So much for a Union!\r\n\r\nOver the past month Alexis Tsipras (Prime Minister) and Yanis Varoufakis (Finance Minister) have both been backwards and forwards to meetings in Athens, Brussels, Berlin and Frankfurt trying to re-negotiate the best deal that they can as they simply cannot pay for the current deal (Bailout 2), they require ACT III in the Greek tragedy (Bailout 3).\r\n\r\nThe fact that these meetings have produced nothing by way of a settlement or agreement is in the eyes of the Greeks, just negotiation up to and beyond a deadline. This is totally foolish and completely crazy as far as the Germans are concerned. Where is the trust here?\r\n\r\nIt is widely published that the Greek government will run out of cash in April, I have read that it will be somewhere from the 9th to the 20th of April as dates.\r\n\r\nIn the interim, uncertainty rules, there are rumours about a GREXIT, there are rumours about capital controls being instigated to stop a “run on the banks”, and there are rumours that the printing presses are churning out the new Drachma notes ready for a launch.\r\n\r\nAt the same time we read that the Greek long awaited list of economic overhauls to satisfy the Greek creditors namely the EUROGROUP, ECB and IMF will be with the EUROGROUP tomorrow, Monday 30th March 2015 at the very latest.\r\n\r\nGREECE is in a corner.\r\n\r\nHowever, the Greek officials know that a GREXIT would really harm the single currency. If a member country left the ‘union” and was able to revalue with its own currency to get itself back on its feet by moving in the right direction with a little inflation to achieve growth, and was debt reduction free from the shackles of Germany and the ECB, it could prompt more countries like PORTUGAL, ITALY and SPAIN to think about a move away from the single currency too. If it is not the governments that are in power at the moment then it would be the opposition parties whether they are far left or far right that would jump on the bandwagon. There could be a groundswell of public opinion that is anti-European.\r\n\r\nIn addition, the French and German’s have the most to lose if there is a GREXIT, as they have most money invested in Greece if it defaulted, which, a GREXIT would include.\r\n\r\nNot much of a union after such a long time… no trust between partners.\r\n\r\nThere are faults on both sides and there is NO trust at all. This is what you get from an ill-conceived alleged union that quite frankly has never acted as a union in its history.\r\n\r\nAs I said last week and very little has fundamentally changed: -\r\n\r\nAusterity did not work; it is still not working and refinancing the Greek debt is just avoiding a default. No matter what is done, the EUROGROUP policy on GREECE, with or without the IMF (International Monetary Fund) hooked into the deal along with the ECB to form the TRIOKA to make it look like a wider base of support and aid was going to fail before it even started.\r\n\r\nGREECE needs debt relief.\r\n\r\nThe EUROGROUP needs to suck it up and provide a “Cash Back” deal to Portugal, Ireland, Cyprus etc. in fact, any country that has effectively had a bailout of one sort or another from the EUROGROUP since the 2008-9 crash.\r\n\r\nIt is so straightforward – if they do nothing they risk another financial crash, another run on the banks, negative growth DEFLATION… this list can go on for pages.\r\n\r\nSuck it up….\r\n\r\nAusterity was NOT the way. It has NOT worked, and for Germany to continue down this road with the same old same old is complete and utter bollo**s. There are 19 countries using the single currency, 19 vastly different cultures that approach all aspects of life and business from a different perspective. One size does NOT fit all.\r\n\r\nThese are high stakes. It has taken Mario Draghi at the ECB years to create some stability. This is the ultimate risk. The credibility of the German approach, I would say stubborn approach. They appear totally intransigent to an alternative.\r\n\r\nThe “union” is not at risk because there never was one from the perspective of a united front. However, the “union” is at risk if Greece exits and it is seen to be a really positive move for Greece moving forward. The fear would then be that other member countries of the single currency would also consider an exit.\r\n\r\nThis is not over… tomorrow is a big day and I think it will all end in tears very soon.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. THE PREMIUM SERVICE:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span>\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 www.weeklyfxdrivethru.com 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\nPlease note from April 1st prices will be increasing and subscription options will be changing.\r\n\r\n<span style=\"text-decoration: underline;\">3.2 - SUMMARY OF PERFORMANCE:</span>\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 4.2)\r\n\r\n<span style=\"text-decoration: underline;\">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</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>MICRO LOT TRADER - 187 trades cost to trade = $18.70</strong>\r\n<strong> PROFIT from 187 trades = $286.60</strong></p>\r\n<p style=\"text-align: center;\"><strong>MINI LOT TRADER - 187 trades cost to trade = $187.00</strong>\r\n<strong> PROFIT from 187 trades = $2,866.00</strong></p>\r\n<p style=\"text-align: center;\"><strong>STANDARD LOT TRADER - 187 trades cost to trade = $1,870.00</strong>\r\n<strong> PROFIT from 187 trades = $28,660.00</strong></p>\r\nWhich trader are you?\r\n\r\nIf you want to be part of this go to www.weeklyfxdrivethru.com or check out more information at the end of this blog in section 6.\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/2015/03/PROFIT-LOSS-29032015.png\"><img class=\"aligncenter size-full wp-image-5584\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PROFIT-LOSS-29032015.png\" alt=\"PROFIT-LOSS 29032015\" width=\"405\" height=\"582\" /></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/2015/03/RISK-REWARD-29032015.png\"><img class=\"aligncenter size-full wp-image-5583\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/RISK-REWARD-29032015.png\" alt=\"RISK-REWARD 29032015\" width=\"428\" height=\"543\" /></a>\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/2015/03/PREM-SERV-PROFITS1-29032105.png\"><img class=\"aligncenter size-full wp-image-5585\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS1-29032105.png\" alt=\"PREM SERV PROFITS1 29032105\" width=\"454\" height=\"436\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\"><img class=\"aligncenter size-full wp-image-5586\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/03/PREM-SERV-PROFITS2-29032105.png\" alt=\"PREM SERV PROFITS2 29032105\" width=\"454\" height=\"440\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong><span style=\"text-decoration: underline;\">4. PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong>\r\n<span style=\"text-decoration: underline;\"> (Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)</span>\r\n\r\n4.1 - EDUCATION:\r\n(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab).\r\n\r\n4.2 - THE PREMIUM SERVICE – LAST WEEK’S TRADING REVIEW:\r\n\r\n4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:\r\n\r\n4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:\r\n\r\n4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?\r\n\r\n4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:\r\n(The reviews in the section are accompanied with weekly charts of the USD majors)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>5. THE WEEK AHEAD: -</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</strong></span>\r\n\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: N/A.\r\n\r\nTUESDAY: EUR – Eurozone CPi.\r\nTUESDAY: CAD - GDP.\r\nTUESDAY: USD – Consumer Confidence.\r\nTUESDAY: CNY – Manufacturing PMi.\r\n\r\nWEDNESDAY: GBP – Manufacturing PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change\r\nWEDNESDAY: USD – ISM Manufacturing PMi.\r\nWEDNESDAY: NZD – Dairy Auction results.\r\nWEDNESDAY: AUD – Trade Balance.\r\n\r\nTHURSDAY: GBP – Construction PMi.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 - FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis coming week looks to be an interesting week with regards to the news from FOREX FACTORY and the geopolitical events.\r\n\r\nI think with NFP on the horizon, there will be a stage later this week when things come to a halt. My assumption would be after the Trade Balance numbers on Thursday. NFP is released on Good Friday; I just cannot see the normal intensity this time around. It could actually be much worse than usual because of liquidity issues.\r\n\r\nWe have geopolitical issues, in particular, GREECE and YEMEN so we must always be prepared for the unexpected.\r\n\r\nWe will have opportunities to make $$$, we just have to be alert and careful.\r\n\r\nAs always, there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.\r\n<p style=\"text-align: center;\"><strong>Consistency = longevity in trading and that is a critical goal.</strong>\r\n<strong> IT IS THE KEY MEASUREMENT</strong></p>\r\nBefore you enter a trade work out the risk, price it in $$$. 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\r\n<span style=\"text-decoration: underline;\"><strong>6. DISCLAIMERS &amp; OTHER DATA:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">6.1 - PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>\r\n\r\nFull details regarding the PREMIUM SERVICE can be found on my website www.weeklyfxdrivethru.com\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: -</strong>\r\n<strong> 10 weeks - $200.00</strong>\r\n<strong> 20 weeks - $350.00</strong>\r\n<strong> 40 weeks - $500.00</strong>\r\n<strong> (Please note that from April 1st 2015, subscription costs are changing and options expanding in line with market conditions and competition)</strong></p>\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<span style=\"text-decoration: underline;\">6.2 - 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: - www.weeklyfxdrivethru.com\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<span style=\"text-decoration: underline;\">6.3 - 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, www.weeklyfxdrivethru.com 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;\">6.4 - 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.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday March 29th 2015\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator','UNION… WHAT UNION? - (IT’S ALL ABOUT TRUST but THERE ISN’T ANY)','','inherit','open','closed','','5618-revision-v1','','','2015-03-28 12:32:49','2015-03-28 17:32:49','',5618,'https://weeklyfxdrivethru.com/5618-revision-v1/',0,'revision','',0),(5634,1,'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.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','','publish','open','closed','','premium-service-performance-march-and-year-to-date-2015','','','2015-03-31 16:19:07','2015-03-31 21:19:07','',0,'https://weeklyfxdrivethru.com/?p=5634',0,'post','',0),(5636,1,'2015-03-31 13:34:07','2015-03-31 18:34:07','<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:\r\n\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:</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:\r\n\r\n</span>\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<p style=\"text-align: center;\"></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;\">\r\n<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 13:34:07','2015-03-31 18:34:07','',5634,'https://weeklyfxdrivethru.com/5634-revision-v1/',0,'revision','',0),(5637,1,'2015-03-31 13:34:56','2015-03-31 18:34:56','<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></strong><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:</span></strong>&nbsp;</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 13:34:56','2015-03-31 18:34:56','',5634,'https://weeklyfxdrivethru.com/5634-revision-v1/',0,'revision','',0),(5643,1,'2015-03-31 13:41:40','2015-03-31 18:41:40','<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/2015/03/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></h2>\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','','','2015-03-31 13:41:40','2015-03-31 18:41:40','',5006,'https://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),