<h2 style="text-align: center;"><strong>THE PREMIUM SERVICE
</strong><strong>The Home of Single-Lot Trading
www.weeklyfxdrivethru.com</strong></h2>
<strong>DATE: 21.06.2015
REFERENCE: #158
</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>

&nbsp;
<ol>
	<li><strong> INTRODUCTION – THE VIEW FROM MY TRADE DESK:</strong></li>
</ol>
<u>LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</u>

<u>1.1 - LOOKING BACKWARDS:</u>

1.1.1 - OVERVIEW:

I felt like I was not really working last week. I only opened and closed 6 trades all week. 5 were positive trades the other lost money, the next result was more pips added to the PREMIUM SERVICE account plus the other accounts I manage.

One should never complain about adding pips on a weekly basis, as it is money in and not out of your broker account. However, like I said in the blog last week, I feel in a similar position to a death row prisoner in the sense that you know something is going to happen but you are just sitting back waiting for the inevitable. In my case, not death but the conclusion (maybe just for now) of the ongoing GREECE fiasco.

Hopefully to be proved correct, I see this as a major volatility news event and I do not want 10-15 trades in play as the news of whatever it is going to be hits the newswires, plus prior to the news breaking, we have to remember we are dealing with the EUROZONE; the home of the misleading sound byte, quote and the originator of the buy the rumour sell the news reaction. These latter reasons are why I am really not participating in the markets at the moment and I am being ultra selective on entry levels and pairs to trade.

All the above being said…nothing has changed from last week apart from the FOMC. This I will tackle next.

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1.1.2 – FOMC:

What can I say?

The time I thought that leadership from the FOMC would come through, all I saw was the same old same old. I am now in the camp of the FED does NOT believe the credibility or the accuracy of the statistics produced. This data dependent stance has just rolled on far too long in my opinion and quite honestly the whole scenario is quickly turning into a “West-end” (London Theatre land) stage farce.

Is the FOMC even afraid to raise rates by even 0.10%? Is the U.S. economy that fragile?

I am finding the Janet Yellen dovish approach so behind the curve the FED is in danger of looking like bigger “numpties” than their counter-parts at the ECB, and for me to say that is huge!

I think with Yellen and her committee we have in the FOMC a collection of ditherers. The only possible reason that I think that the FOMC is holding back on the rate increase is because they want to try to set up a positive final quarter of the year by increasing rates in Q4 (September / October) at a time when the U.S. economy is more robust. If this is not the reason we do have a collection of ditherers in my opinion.

&nbsp;

1.1.2 – GREECE:

I have to mention GREECE. However, like many people who write articles or blogs I am running out of fresh things to say.

The one snippet of news that I did pick up on was the comment about the GREEK banks not opening on Monday 22<sup>nd</sup> June. It was very quickly denied. There is no doubt that banks have been seeing cash being moved away from GREECE in the millions (the smart money left months ago) and as I have stated very clearly for months, the first step before the default are CAPITAL CONTROLS, I believe we are almost there.

The rhetoric is high on emotion now. This exasperated position will only get worse. Remember, we are dealing with politicians who need their egos cuddled on a regular basis. They are NOT problem solvers; politicians like to blame other politicians. They do NOT accept responsibility for anything.

To be a politician in most countries around the world gets the membership of a society similar to the FREEMASONS, but instead of the secret handshake, politicians are stripped naked (not a pretty sight) and coated, or as they would say anointed in Teflon.

With this in mind watch for the blame game to start. Be aware when this starts we will know that there is no solution, good or half-assed, not even a can-kicking solution, we will have a default.

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<u>1.2 - LOOKING FORWARDS:</u>

<u>1.2.1 - MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</u>

<u>(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to </u><a href="http://www.forexfactory.com">www.forexfactory.com</a><u> and </u><a href="http://www.tradingeconomics.com">www.tradingeconomics.com</a><u> for more comprehensive lists of all news events that are Forex related).</u>
SUNDAY: N/A.

MONDAY: CNY – HSBC Flash Manufacturing PMi.

TUESDAY: N/A.

WEDNESDAY: USD – GDP.

THURSDAY: NZD – Trade Balance.

FRIDAY: N/A.

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1.2.2 – MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:

No much at all interests me with regards to news events this coming week. I expect to have NZD related trades in play so the direct NZD Trade balance data will be of interest plus China data, which directly affects the Kiwi.

The only other addition is U.S. GDP for the quarter. It should be a market mover on the basis it may influence the FOMC but with a data dependent scenario in play I strongly suspect Yellen and co will want another quarters result as well.

Therefore as Forex traders we will be held to ransom by equities and of course GREECE.

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<u>1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE): </u>

Another week of gardening leave completed (this is what it feels like) and I have had a lot of time to review my FUNDAMENTAL STRATEGIES moving forward amongst many other related subjects.

The FOMC really caught me off guard with regards to their dithering last week over rate hikes. Sure, when you play “join the dots” (with their economic projections) it all looks rosy for a rate hike this year, possibly even two, but when you go into 2016 and 2017, the FOMC are not as confident of further rate increases. This has me a little perplexed.

I still believe that central bank divergences will come to the forefront and dictate / guide / give the Forex markets some momentum moves looking ahead, but the FOMC dots still give me cause to note. The bottom line is however that the FED is going one way possibly with the UK being hawkish with them, and, the rest of the major central banks are going the other way, accommodative and dovish.

I am still in the camp that believes supply and demand will win the day when it comes to oil pricing. Maybe the highly speculative market players are taking the summer months when demand is higher to try and squeeze every last drop of greed out of the commodity. Basic economics has to come to the forefront here, supply is well over demand and to balance this out there just has to be a mathematical price adjustment. If there isn’t, my old Economics master from my schooldays will be turning in his grave (I am assuming he is long passed on by now).

With these factors in mind my trades are still in play, I just now need to achieve the entry levels I want once GREECE is out of the way.

Last week I placed my first ARMEGEDDON “Golden” TRADE, which was annotated for my subscribers, and this week I have my second one ready.

I have spoken with a couple of subscribers over the past few days and in addition to my caution of over-trading it does appear that this is the consensus view on moving forward for many traders at the moment.

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&nbsp;
<ol start="2">
	<li><strong><u> WHAT’S ON MY MIND: -
THE FUNDAMENTAL TRADERS OVERVIEW:</u></strong></li>
</ol>
<h3 style="text-align: center;"><span style="text-decoration: underline;"><strong>THE EMPIRE STRIKES BACK</strong></span></h3>
For all you Star Wars geeks out there, I am not referring to any movie involving the expertise of George Lucas, and I am NOT referring to characters portrayed in the movies.

I am referring to good old “blighty”…the UK or from an FX perspective the GBP (Cable).

Cable is on the move, and as most regular readers will confirm, I hate trading the GBP, however, in all honesty I would like to narrow that statement to just the GBP/USD and GBP/JPY. The rest of the GBP related pairs I like trading, my favourite trading pair is by the way the EUR/GBP.

The GBP is on the move, this month there have been spectacular moves across the spectrum of GBP related pairs, and thousands of pips of moves have been seen.

Here is the big question…why is cable on a tear and what trading opportunities are still available, if any, and what are the risks involved over and above the usual day to day risks in trading Forex?

I intend not to ramble on here about economics, I covered economics for long enough in my younger years, I found it interesting, many did not, it can be boring I admit. I am now a trader I will focus more on the FX opportunities; however, we need to understand just briefly why the UK is in good shape.

From the beginning, the UK’s biggest trading partner is the EUROZONE, but the UK is more of a services economy and a production / industrial economy. The UK does manufacture, it does produce finished goods, but it is a world hub for Finance and Insurance. Here lies a huge benefit over its closest trading partner. The EUROZONE is more of an industrial producer/ exporter.

The service sector generally will always stay more consistent than manufacturing, which has swings associated with it as peoples purchasing can be seasonal.

In addition, the UK took Quantitative Easing (QE) steps to support its economy immediately during the Financial Crash of 2008-09 as well as austerity measures, and the two economies that took the QE route from the get go, the U.S. and the UK are the stronger economies now looking to raise rates rather than say the EUROZONE whose initial approach for 7 years was to drive the spike of austerity through the heart of EUROPE and it really failed. Now they are just into the QE route, in my opinion at least 2/3 years behind and chasing as fast as it can given its issues.

Looking at some economic data, I have provided at a very high level some interesting comparisons looking at the UK versus the Euro Area in general and individual EUROZONE members and there are some interesting comparisons.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/UK-EZ-FIN-COMPARISONS-21062015.png"><img class="aligncenter size-full wp-image-6154" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/UK-EZ-FIN-COMPARISONS-21062015.png" alt="UK-EZ FIN COMPARISONS 21062015" width="783" height="390" /></a>

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Obviously, I can drone on for hours about the statistics in the chart above. I am NOT an economist. My views and thoughts may not be what an economist looks for; they are what I look for as a Forex trader.
<ol>
	<li><strong><u> HOUSING</u></strong> (buoyant housing = spending and Spending = growth)</li>
</ol>
The UK housing index is on fire compared to the EUROZONE average.

<strong>     </strong>2<strong>. <span style="text-decoration: underline;">JOBLESS RATE</span></strong> (the lower the better, the more the government receives in taxes, the more cash is left for the population to spend on goods and services – the circle as I call it)

The UK rate is low at 5.50% compared to the EUROZONE average of 11.10%
<ol start="3">
	<li><strong><u> RETAIL SALES</u></strong> (the more spent = the more is ordered / good for jobs as well)</li>
</ol>
The UK is at 4.60% the EUROZONE average is at 2.6%
<ol start="4">
	<li><strong><u> PRODUCER PRICES</u></strong> if these rise = nice lift for inflation / GDP, it shows economic growth)</li>
</ol>
The UK is at 107.10 ahead of the EUROZONE average of 104.80.
<ol start="5">
	<li><strong><u> CONSUMER PRICE INDEX (CPi)</u></strong> (rises = good for inflation and GDP and economic growth)</li>
</ol>
The UK is at 128.20 compared to the EUROZONE average of 121.30.

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The 5 points above to me are a fair indicator why the GBP is a bullish currency at the moment. Add to this a recent election win for the Conservatives, that gives David Cameron another 4 years in office and there is now political stability as a result. This is good for the markets.

This is the backdrop to why I believe the GBP is a well-supported currency. You can argue it's the best looking in an ugly contest, but there are and we have to admit it some compelling reasons why investors would look to the UK.

Moving on… let me look at the Forex opportunities.

GBP/USD: The monthly chart below, shows that right now the GBP/USD has been struggling with the 50% retracement (1.5865) of the 2014 highs to the 2015 lows.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-EMPIRE-STRIKES-BACK-M-21062015.png"><img class="aligncenter size-large wp-image-6155" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPUSD-EMPIRE-STRIKES-BACK-M-21062015-1024x541.png" alt="GBPUSD EMPIRE STRIKES BACK M 21062015" width="1024" height="541" /></a>

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For my perspective a break here and then through the psychological 1.6000 level takes us to the 61.8% retracement at 1.6177 and this is where I expect the line in the sand of whether we have a true move higher will be measured. Not that I do not think that the 800 pip move this month from the lows of the 23.6% Fibonacci level of 1.5166 to todays highs around 1.5900 is no mean feat; it is a very bullish move indeed. With the FOMC dithering the potential for further gains are available.

Can we get a full 100% retracement absolutely, will we?

Asking another 1200 pips through the summer months when trading is slow and with an expectant U.S. rate hike in September may be a tall order. The BOE under the leadership of Mark “I like to backtrack my statements” Carney, has indicated that an interest rate rise in the UK is on the way but the smart money has 2016 earmarked. In reality it would be a brave man, maybe a fool, if the BOE were to raise rates ahead of the FED.

Maybe a realistic target for the GBP/USD is 1.6500 by the summer’s end but that is also asking about 500 pips from last weeks close at 1.5875.

Price action with the cable also revolves around price action with the EURO. We must also bear in mind the very influential EUR/GBP cross-rate. This pair is very liquid to trade and should never be under-estimated with its effect on both the EUR and GBP.

With the EUROZONE about to be severely tested with the GREECE exit and default etc., price action with the EUR/USD and EUR/GBP could very heavily influence price movements with the GBP/USD. Having said that it could remain somewhat stagnant as I expect the commodity currencies to be hit quite hard placing pressure on the AUD, NZD and the CAD.

This will have a cross-rate effect through the GBP crosses, the GBP/AUD, GBP/CAD, and GBP/NZD in particular, all of which could be bullish and pop higher in a risk off situation. But the net effect could be that the GBP/USD stays reasonably elevated without much of a trade off.

The charts below (they have no commentary on them just the levels) show the monthly upside moves this month alone so far from the GBP crosses; the highlights of the pip moves are as follows:

GBP/JPY – 744 pips
<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPJPY-EMPIRE-STRIKES-BACK-M-21062015.png"><img class="aligncenter size-large wp-image-6157" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPJPY-EMPIRE-STRIKES-BACK-M-21062015-1024x541.png" alt="GBPJPY EMPIRE STRIKES BACK M 21062015" width="1024" height="541" /></a>

GBP/AUD - 931 pips
<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPAUD-EMPIRE-STRIKES-BACK-M-21062015.png"><img class="aligncenter size-large wp-image-6159" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPAUD-EMPIRE-STRIKES-BACK-M-21062015-1024x541.png" alt="GBPAUD EMPIRE STRIKES BACK  M 21062015" width="1024" height="541" /></a>

GBP/CAD – 687 pips
<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCAD-EMPIRE-STRIKES-BACK-M-21062015.png"><img class="aligncenter size-large wp-image-6158" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPCAD-EMPIRE-STRIKES-BACK-M-21062015-1024x541.png" alt="GBPCAD EMPIRE STRIKES BACK  M 21062015" width="1024" height="541" /></a>

GBP/NZD – 1,757 pips

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-EMPIRE-STRIKES-BACK-M-21062015.png"><img class="aligncenter size-large wp-image-6156" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/GBPNZD-EMPIRE-STRIKES-BACK-M-21062015-1024x541.png" alt="GBPNZD EMPIRE STRIKES BACK M 21062015" width="1024" height="541" /></a>

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By any stretch of the imagination, these pip gains in the above pairs this month so far are spectacular, and well above the Monthly Average True Range normal.

Therefore, the wider picture is YES…. THE EMPIRE CAN STRIKE BACK…FURTHER but through the cross-rate pairs and maybe not through the GBP/USD which, move a little but, the great unwind trades since the Financial crash could be coming to the forefront via the GBP crosses. With these cross-rate pairs there are thousands of pips available, if the moves gain traction.

Just imagine the effect on the commodity cross-rate pairs if we had an equity market sell off. If we think the move this month has been explosive, as Bachman Turner Overdrive once said… “You ain’t seen nothin’ yet”

PREMIUM SERVICE subscribers already know that I am constantly looking at these pairs for entries, there are STILL thousands of unwinding pips still out there with the GBP commodity crosses, and do not forget the EUR crosses as well in a “RISK OFF” environment.

Maybe its time for me to consider not to hate trading cable again?

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&nbsp;
<ol start="3">
	<li><strong><u> THE PREMIUM SERVICE:

</u></strong></li>
</ol>
<strong><u>SUMMARY OF PERFORMANCE:</u></strong>

<u>3.1. OVERVIEW - SUBSCRIPTION OPTIONS, FEATURES and PRICING:</u>

For new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

At the top of my welcome page there are three drop down menus: -
PREMIUM SERVICE PROMOTIONS (if available)
SIGN-UP
DISCLAIMER

Further details and how to join are all contained there. You will need a PayPal account to subscribe.

Below I provide an overview of the GOLD and SILVER subscription options and pricing.

<u>GOLD MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:
</u>
<ul>
	<li>3 options on subscription periods.</li>
	<li>100% access to the PREMIUM SERVICE area of my website <a href="http://www.weeklyfxdrivethru.com">weeklyfxdrivethru.com</a></li>
	<li>A dedicated exclusive twitter feed for GOLD MEMBER subscribers only @ThePremService.</li>
	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>
	<li>The full and complete version of The WEEKLY FX DRIVE THRU delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href="http://www.weeklyfxdrivethru.com">weeklyfxdrivethru.com</a></li>
	<li>My thoughts and comments on market conditions via twitter and/or email.</li>
</ul>
GOLD MEMBER SUBSCRIPTION OPTION PRICING:
(Please note that PayPal works in months NOT weeks)

10 weeks / 3 months:               USD $295.00

20 weeks / 6 months:               USD $495.00

40 weeks / 12 months:             USD $795.00

&nbsp;

<u>SILVER MEMBER SUBSCRIPTION FEATURES &amp; PRICING OPTIONS:
</u>
<ul>
	<li>Simple 4 weekly (monthly) membership pricing.</li>
	<li>A dedicated exclusive twitter feed for SILVER MEMBER subscribers only @PremServSilver.</li>
	<li>All my trade set-ups delivered to you via the SILVER MEMBER subscriber twitter feed @PremServSilver.</li>
	<li>Access to the PREMIUM SERVICE website (relevant trade information only).</li>
	<li>The “FREE NEWSLETTER” version of THE WEEKLY FX DRIVE THRU delivered weekly direct to you email inbox and viewable online at <a href="http://www.weeklyfxdrivethru.com">weeklyfxdrivethru.com</a></li>
</ul>
SILVER MEMBER SUBSCRIPTION OPTION PRICING:
(Please note that PayPal works in months NOT weeks)

4 weeks / 1 month:                    USD $100.00

&nbsp;

<u>PLEASE NOTE:</u>

During the summer from July 25<sup>th</sup> through to September 5<sup>th</sup> 2015, there will not be any WEEKLY FX DRIVE THRU blogs and PREMIUM SERVICE trading will be minimal due to slow markets. Subscribers will still be advised of trades, if any, but typically there are very few. Subscription periods DO NOT count the weeks when there is no blog.

&nbsp;

<u>3.2: – PERFORMANCE REVIEWS:</u>

<u>3.2.1: – PREMIUM SERVICE – COST INCOME ANALYSIS (USD):
</u>
<p style="text-align: center;">EMANATING FROM TRADE SET-UPS - 2015 to date:</p>
<p style="text-align: center;"><u>MICRO LOT TRADER</u> - 407 trades cost to trade = $40.70
<strong>PROFIT</strong> from 407 trades = <strong><u>$594.60</u></strong></p>
<p style="text-align: center;"><u>MINI LOT TRADER</u> - 407 trades cost to trade = $407.00
<strong>PROFIT</strong> from 407 trades = <strong><u>$5,946.00</u></strong></p>
<p style="text-align: center;"><u>STANDARD LOT TRADER</u> - 407 trades cost to trade = $4,070.00
<strong>PROFIT</strong> from 407 trades = <strong><u>$59,460.00</u></strong></p>
<p style="text-align: center;">If the above return from Forex Trading interests you go to</p>
<p style="text-align: center;"><a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> and check out the subscription options under the tab “PREMIUM SERVICE”.</p>
<p style="text-align: center;">The performance above is based off single-lot trade sizes.</p>
<p style="text-align: center;">THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000.</p>
<p style="text-align: center;">A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</p>
&nbsp;

<u>3.2.2 – PREMIUM SERVICE - TRADE SUMMARY DETAILS MONTH &amp; YTD:</u>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-21062015.png"><img class="aligncenter size-full wp-image-6165" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS1-21062015.png" alt="PS PROFITS1 21062015" width="453" height="420" /></a>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-21062015.png"><img class="aligncenter size-full wp-image-6166" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/06/PS-PROFITS2-21062015.png" alt="PS PROFITS2 21062015" width="460" height="416" /></a>
<ol start="4">
	<li><strong><u> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</u></strong></li>
</ol>
(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)

<u>4.1 - EDUCATION:
</u>

<u>4.2 – THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:</u>

<u>4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</u>

<u>4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</u>

<u>4.5 – ARMEGEDDON “GOLDEN” TRADES:</u>

<u>4.6 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</u>

<u>4.7 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</u>

<u>4.8 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</u><strong><u>:

</u></strong>
<ol start="5">
	<li><strong><u> MY FINAL THOUGHTS:</u></strong></li>
</ol>
<u>5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</u>

If 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: -

Go to my website: - <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

On 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.

I do NOT sell your email data to anyone…do not worry...one less thing to worry about!

If you really like my way of explaining things…subscribe to either the PREMIUM SERVICE SILVER or GOLD by visiting my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

&nbsp;

<u>5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD: </u>

Personally, I am going to continue my recent short-term plan of trading very light, I see no reason to change until the GREECE situation is resolved. This is a slow week for economic data and therefore we FX traders will be held captive by equities to some extend.

Watch OIL this week; I see moves afoot with this commodity and GOLD as well. There is no reason at all to hold GOLD at the moment in my opinion. With these two commodities looking under pressure in my opinion, this will help the USD. Watch the DXY for a move towards 97.00 / 98.00 again. However, again it’s all about the reaction to the GREECE situation and the CONTAGION effect.

With high-risk news on the imminent horizon it is now in my mind, even more important to stick to core trading principles.
<p style="text-align: center;"><strong>Consistency = longevity in trading and that is a critical goal.
IT IS THE KEY MEASUREMENT</strong></p>
Before you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.

&nbsp;

Take care.

Scott Pickering
The Pip Accumulator
Sunday June 21st 2015

EMAIL / FOLLOW ME AT:
drivethru@weeklyfxdrivethru.com
Twitter: @pipaccumulator
Twitter: @ThePremService
Google+/scottpickering
Tumblr: thepipaccumulator

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There are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products. Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website. Any reader who buys products or services from any advertiser via a banner on my website, <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.

<u>TRADING &amp; PERFORMANCES DISCLAIMER:</u>

FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.