(5150,1,'2015-01-18 08:00:54','2015-01-18 13:00:54','Given the unprecedented fall-out from last Thursday, which, I will now refer to as “SNB DAY”, I wanted to talk about Forex Brokers in the EDUCATION section of this week’s blog.\r\nAs a consequence, for this week only I have made the decision to open up the PREMIUM SERVICE version of the WEEKLY FX DRIVE THRU to all readers.\r\n\r\n<strong> </strong>\r\n<h3 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>\r\n<strong>DATE: 18.01.2015\r\nREFERENCE: #43\r\n</strong><strong>BLOG: THE PREMIUM SERVICE</strong>\r\n\r\n<strong><span style=\"text-decoration: underline;\"> </span></strong>\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\nLast week, in the blog I used “Holy Mother of God”… this week it’s “Jesus Mary and Joseph”.\r\n\r\nWhat a week…\r\n\r\nWhere do I start?\r\n\r\nMy first thoughts were: –\r\n\r\nDid SNB (Jordan) have any prior idea of the effect his announcement would have on the markets?\r\n\r\nDid Jordan know that his actions would make the history books?\r\n\r\nDid he think or realize that companies would go bust, people would be out a job and millions of $$ would be lost from balance sheets and broker accounts?\r\n\r\n&nbsp;\r\n\r\nThose are the $64,000 questions… and my answer to the questions is probably not to the extent that things played out. Believe me… there is more fallout to come as a result of SNB Day.\r\n\r\nI was awake and at my desk when the news broke. It was an experience to say the least; I had LIMIT ORDERS that were triggered with three brokers. Suffice to say my experiences with brokers were not consistent.\r\n\r\nI took a hit on my FXCM account and in comparison to many traders I will NOT be presented with an invoice for money owed. They froze out their CHF trades for over an hour and then what appeared to have happened is that they opened up at the bottom price and filled trades based on this. I have now learned that many traders lost substantial sums of money.\r\n\r\nThe other two brokers behaved themselves very well indeed, all things considered and losses were minimalized. In fact their systems unlike FXCM’s worked extremely well.\r\n\r\nMoving on….\r\n\r\nWe dust ourselves off prepare to deal with any Forex broker fallout and get set for the next week. What a week its going to be, with the highlight obviously being Draghi’s biggest (I always seem to say every meeting is his biggest) test to date on the Thursday 22<sup>nd</sup>.\r\n\r\nWe also have a BOC interest rate decision, a BOJ Policy statement and several other front line news events but these seem to fade into the background somewhat as all eyes will be on Draghi.\r\n\r\nI am certain that he will not disappoint but the ECB does have a TALK TALK habit and no action history.\r\n\r\nIf Draghi does NOT deliver we will have another SNB day….\r\n\r\nTo a large extent QE is priced in, it\'s the details that we need, and, I think that the volatility will be greater is he kicks another can down the road and delays action. As I say, it’s all going to be in details.\r\n\r\nIf he does not meet market expectations….or delays….it will be volatile.\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<em>\r\n</em><strong><span style=\"text-decoration: underline;\">WILL THE ECB ANNOUNCE SUFFICIENT QE TO SATISFY THE MARKETS?</span></strong>\r\n\r\n&nbsp;\r\n\r\nLet me just set the scene here…\r\n\r\nIf I take a step back to, I think it was last May, when at the ECB Press Conference the EUR/USD hit 1.3993. I remember that day well as if it were only yesterday, yer man Mario Draghi said that the ECB would look at and consider purchasing sovereign bonds and whoopsie…. the EUR/USD decline towards parity started.\r\n\r\nIt has not been easy going for weakening the EUR/USD. It certainly wasn’t at first, and poor Mario Draghi has had to fight all the way and try to flex his muscles to do his job. We must of course remember that he is answerable to Berlin before and above anything else and the Germans are hard people to win over - just ask the Greeks, Cypriots, Portuguese, Spanish, Italians and the Irish.\r\n\r\nIn the early months following Draghi’s May announcement there were battles in the press with the following three flutes, which is the best way that I can describe these opponents to most things that Draghi says.\r\n\r\nJens Weidmann – Deutsche Bundesbank, President\r\nWolfgang Shauble - German Finance Minister\r\nEwald Notwony – Austrian Central Bank, President\r\n\r\nEvery time that Draghi would say something progressive that might help DEFLATION or UNEMPLOYMENT in the EUROZONE one of the three flutes highlighted above would roll out an objection based on legality, numbers are wrong, we don\'t need that QE sh**e, we have austerity…the fact that austerity didn’t work is totally irrelevant.\r\n\r\nWith a stroke of luck, after a few of months over the summer last year, there was the will he, won’t he, when will he, is he bullsh***ing, along with opposition voices mainly from within Germany, Mario Draghi got his break.\r\n\r\nThen we had Central Bank divergence… a stroke of luck for Mario Draghi. Janet Yellen announced a change in FED monetary policy as the last chunk of QE tapering from the FED was removed. The FED had moved to an increasing interest rate monetary policy following the end of QE, We still haven’t seen any increases yet, but we are expecting something later this year.\r\n\r\nThe FED and the ECB were now on divergent policies…one dovish and one hawkish. The result, the USD strengthened and the EUR weakened……\r\n\r\nIn the couple of months following, Mario Draghi once again talked about options but did nothing. Parallel to this the economic data emanating from the EUROZONE was still poor… German, Spanish, French, Italian and Spanish data all bounced on the bottom and failed to impress. DEFLATION started to be used in conversation, more and more around the corridors in Brussels sound bytes were focused on talking down DEFLATION, nevertheless it culminated with Draghi openly saying that sovereign bond buying was being looked at.\r\n\r\nThe EUR/USD dropped again on that news but bounced as the markets were looking at Draghi and the ECB as similar to “The Boy who cried Wolf”.\r\n\r\nLast Thursday, the SNB removed the link between the EUR and the CHF by removing the 1.2000 (peg/ floor limit) that kept exchange rates at a level. The turmoil in the markets, well, its history book stuff in my opinion. However, the EUR once again weakened and has fallen as low as 1.1460.\r\n\r\nSince May last year, 1.3993 to 1.1460 on Friday just passed…2,533 pips of a fall.\r\n\r\nSo as usual; here are a few questions to mull over: -\r\n<ol>\r\n	<li>What do you reckon Draghi’s goal exchange rate with the EUR/USD was, when he initially talked about QE up at 1.3993…lets call it 1.4000?</li>\r\n	<li>How many of the 2,500 pips or so fall in the EUR/USD exchange rate from 1.4000 to 1.1460 is actually attributable to ECB monetary policy? When you look at the move FED divergent policy and now the SNB, in mu opinion over 70% of this move in NON ECB driven.</li>\r\n	<li>I am willing to bet that the Germans who foot the bill (pay the invoice), for QE will be looking at 2,500 pips so far, saying lets do QE on the cheap we are almost at 1.1000…\r\nRemember we are dealing with politicians. QE is bad for Merkel regarding popularity and votes in Germany. Politicians will only want to do as little as possible…..What do you think?</li>\r\n	<li>At the outset of the QE announcement from the ECB the volume quoted to be required by the markets was €1,000 billion. There has been so much talk already that the proposed limit will be €500 billion and not the €1,000 billion that the markets are expecting and coupled with the fact that the SNB action has already blasted a further 300 pips or so lower off the EUR/USD exchange rate, is it not possible that politicians who require popularity to survive would take the line of least resistance and maybe take the risk of trying to satisfy the markets with the lower figure of €500 billion…. What do you think?</li>\r\n</ol>\r\nWhat happens if only €500 billion is quoted in the Press Conference on Thursday?\r\n\r\nBecause QE is priced in to a large extent with current EUR/USD exchange rate, in my opinion, anything below €1,000 billion will be seen as a fudge by the markets. If the rhetoric from Draghi that supports whatever amount of QE that is proposed is wishy-washy, and if QE is further delayed, I feel that there could be the mother of all bounces / squeezes in the EUR/USD back towards at least 1.2000. The 4<sup>th</sup> January market opening gap fill at 1.2000 looms, in my opinion, it is like a tractor beam from Star Trek if Draghi fails to get the markets on board.\r\n\r\nAt the front of mind, I always feel that the “collective” known as the ECB are more dysfunctional than Washington D.C. when it comes to policy and doing what is right for the people that they represent\r\n\r\nMarkets just cannot cope with vagueness or uncertainty…these are two traits that politicians the world over thrive upon. The ECB are top of the charts on being cheap and delaying implementation. They are also brilliant at talking, but not actually doing anything. Sadly the ECB is NOT despite its belief independent…. It is funded mainly by and managed by Berlin and Frankfurt…politicians are in control.\r\n\r\nAs I said last week in the blog, Draghi is the fall guy here.\r\n\r\nIf Germany says only €500 billion and the EUR/USD squeezes like crazy back 500 pips or so, the politicians will blame Draghi. Politicians are Teflon coated and only point fingers of blame. They are not interested in taking blame, merely passing it on. All things said, I strongly suspect QE on the cheap this Thursday and I think that the markets will NOT like it.\r\n\r\nI want to be wrong and I hope that I am…. but the ECB history of fudging leads me to believe that they will fall short, for whatever reason.\r\n\r\nBe ready to buy the EUR…. (I really do hope that I am wrong for the European people s sake).\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE PREMIUM SERVICE:\r\n</span></strong></li>\r\n</ol>\r\n<strong><span style=\"text-decoration: underline;\">SUMMARY OF PERFORMANCE:</span></strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.1 OVERVIEW:</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 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nThis week two PREMIUM SERVICE trades were affected by the SNB news. This has dented the trading performance and I am showing a negative for the end of the first full trading week. Although it is somewhat misleading to call it a full week, after the SNB news things practically came to a halt as I dealt with issues surrounding my aligned brokers, in particular FXCM. Apart from FXCM all appears to be well. I have spoken with them and all accounts should receive official communications from the brokers confirming all is well after SNB Day.\r\n\r\nThis is important to me as many of my PREMIUM SERVICE subscribers also have broker accounts signed up from my website banners and together we aligned with the broker and together we carry greater influence should problems occur.\r\n\r\nI spent a great deal of time on Thursday on administrative duties, not the usual kind but administrative all the same and Friday, more administration and a funeral to attend. Hence, it was not a full week, nor was last week by any stretch of the imagination a normal week.\r\n\r\nFrom my personal motivation perspective the FXCM issue hit me quite hard and now it’s all about shaking it out, dusting myself down and getting back in the saddle again.\r\n\r\nI start again tonight at the open, with chart reviews and will get back into full swing tomorrow. Given the news on the horizon, I will be picky on what I decide to trade.\r\n\r\nThe usual summary charts detailing the week and year to date performances, however, are below for reference, even though they do not make great reading, but it is real and honest reporting of the facts:\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERVICE-PROFIT-LOSS-RATIO-18012015.png\"><img class=\"aligncenter size-full wp-image-5129\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERVICE-PROFIT-LOSS-RATIO-18012015.png\" alt=\"PREM SERVICE PROFIT-LOSS RATIO 18012015\" width=\"417\" height=\"583\" /></a>\r\n</span>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-ANALYSIS-18012015.png\"><img class=\"aligncenter size-full wp-image-5130\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-ANALYSIS-18012015.png\" alt=\"PS RISK-REWARD ANALYSIS 18012015\" width=\"427\" height=\"535\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-18012015.png\"><img class=\"aligncenter size-full wp-image-5131\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-18012015.png\" alt=\"PREM SERV PROFITS1 18012015\" width=\"452\" height=\"425\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERVICE-PROFITS2-18012015.png\"><img class=\"aligncenter size-full wp-image-5132\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERVICE-PROFITS2-18012015.png\" alt=\"PREM SERVICE PROFITS2 18012015\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong></p>\r\n<p style=\"text-align: center;\"><strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong></p>\r\n(PLEASE NOTE: The CWMFX broker banner will be visible on my website by the middle of this week. I apologize for the delay. If you want to open an account with CWMFX please contact me direct via the email address at the end of the blog. If you DO NOT open an account via me, you WILL NOT qualify for the limited time PROMOTION)\r\n\r\n&nbsp;\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n\r\n20 weeks = $350.00\r\n\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times.\r\n\r\nHence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website www.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a> : -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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:</span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>FOREX BROKERS -\r\nWe need them, however, we have to choose them carefully</strong></p>\r\nGiven the effects of SNB Day, and all the horror stories that are now surfacing from customers of ALPARI, EXCEL MARKETS, ACM, FXOPEN, INVESTORS GROUP, INTERACTIVE BROKERS, LCG, SWISSQUOTE, ROBOFOREX, and FXCM, it really was a catastrophe waiting in the wings; some have already stated that it was bound to happen eventually. The market was so long EUR/CHF it was an incredible one-sided market. Traders believing that the SNB would continue to support the 1.2000 peg for ever, literally got taken to the cleaners when it was uncoupled.\r\n\r\nLast night, I spoke with one of my peers who told me of instances where traders literally took oversized long positions on the EUR/CHF to make 5 or 10 pips a time on the promise of SNB support. They were extremely over-leveraged and taking on so much risk that when the SNB action took place their broker account with say $10,000 on them were immediately wiped out because they did NOT use RISK or MONEY MANAGEMENT nor did they think of proper POSITION SIZING. The end result: I was advised of invoices being raised to the tune of $70,000 and more to cover the fill. Traders who did not have their accounts wiped out have lost thousands of $$$ regardless of the broker used.\r\n\r\nWe all need brokers…some may say they are a necessary evil, but we need them.\r\n\r\nI have researched and tried many brokers over the 8 years that I have been trading. I had a great relationship with my account manager at FXCM, and that counts as a positive, but the way that they as a company handled SNB Day was my worst broker experience ever. I have had some experiences on broken promises and outright lies deceit and dishonesty from brokers in the past, but the SNB fallout has opened my eyes even further.\r\n\r\nWhen choosing a broker we look for regulations and affiliations and try to take in all the small print that we mostly all hate to examine. I wonder how many of us have actually read the small print. Brokers should be regulated across as many zones in the world that is humanly possible. Brokers that failed on SNB Day had this, they had all the regulatory bodies behind them regarding clients monies etc.\r\n\r\nI did not have accounts with any of the brokers listed above, except FXCM, but most of them probably ticked all the boxes you as a client needed to know about before opening an account. Many of them have been saved, but some will still NOT trade CHF pairs. It looks like ALPARI and EXCEL MARKETS are the only brokers to have gone under so far.\r\n\r\nWith regards to FXCM, let me tell you, this brokerage must have owned half the Amazon rainforest given the volume of paper, red tape and regulation I went through to open my account, yet they failed to deliver on SNB Day and have struggled to keep their doors open. The 4<sup>th</sup> largest broker in the world was what I read recently about FXCM; so what went wrong?\r\n\r\nTrying to keep this simple the market was so heavily traded in one direction, and the volumes were just so huge. The market collapsed when the decoupling happened.\r\n\r\nJust think about one factor that has not come to light yet. We have heard about the private FX traders in their thousands and how they were affected. I have not read much about the institutions yet. The Forex market is a 5 (five) trillion dollars a day market, five trillion dollars is not trading done by private traders i.e. you and me. There is much more fallout to come from the institutions such as the banks.\r\n\r\nSimply put, what happened on SNB Day was a one-off, probably never to be repeated event ever in our lifetimes.\r\n\r\nSo, given that I say in my title of this article “chose carefully”, yet the three brokers who are in trouble, or closed for business, ticked all the boxes, what else could you have done? Or, basically, if you were with these brokers was it just a case of bad luck?\r\n\r\nWhen I have gone through the process of establishing a relationship with a Forex broker, I thought that I was being as thorough as possible, FXCM passed this test when I was selecting brokers to align with.\r\n\r\nAs a minimum, let me review the data that you should be looking for regarding your broker when making your choice.\r\n\r\nYour broker should meet the following requirements: -\r\n\r\nBe licensed and regulated to meet all regulatory obligations.\r\nYou should be able to see country by country the various regulatory authorities listed where approval and standards are met.\r\n24x7 support via telephone and “Live Chat”.\r\nDedicated Account Managers.\r\n\r\nYour broker should have the following information available: -\r\n\r\nRisk Disclaimers.\r\nPrivacy Policies.\r\nComplaints Procedures.\r\n<span style=\"line-height: 1.5;\">Policies on how they handle Conflict of Interest and Execution of trade policies.\r\n</span><span style=\"line-height: 1.5;\">Details of an Investor Compensation Fund.</span>\r\n\r\nFinally we have a crunch test. Looking back on SNB Day, there was slippage, there were reports of poor fills all over the Forex market\r\n\r\nOpen up a demo account and test the brokers platform for accessibility during periods of high volume such as, Non-Farm Payrolls, ECB Press Conferences etc.\r\n\r\nSlippage / poor fills are an important and part of our everyday trading that we have to deal with. The brokers bombard you with small print on their contracts; every “get out” clause in the book is there for you add your signature to.\r\n\r\nTherefore in my eyes, we should take them for the equivalent of a test drive. Choosing a broker should involve a period of practical experience as well as ensuring that they meet an administrative functionality.\r\n\r\nThere may NOT be a repeat of SNB Day, and quite frankly it was so extreme I guess that we will not see it repeated but we should go as far as we can to help indemnify ourselves as best we can.\r\n\r\nI hope that this short article helps in some way.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades. Both of these trades are hedged from 100 pips. The hedges were placed SNB Day.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-18012015.png\"><img class=\"aligncenter size-full wp-image-5139\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-18012015.png\" alt=\"PS LIVE TRADES 18012015\" width=\"712\" height=\"477\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nThe current list of LIMIT ORDER trades are highlighted on the spreadsheet below.\r\n\r\nI would like to add that given the extreme nervousness in the market and the continued uncertainty surrounding the fallout from SNB Day, I have not added any charts or additional trades this weekend. I will be reviewing after the European open tomorrow (Monday).\r\n\r\nI believe that this is the prudent approach given the fact that the uncertainty in the Forex markets provides volatility that, quite frankly is not tradable at times. I would rather wait until the dust settles.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-RADAR-18012015.png\"><img class=\"aligncenter size-full wp-image-5140\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-RADAR-18012015.png\" alt=\"PS TRADES ON RADAR 18012015\" width=\"710\" height=\"410\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PREM-SERV-TRENDING-PAIRS-18012015.png\"><img class=\"aligncenter size-full wp-image-5138\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRENDING-PAIRS-18012015.png\" alt=\"PREM SERV TRENDING PAIRS 18012015\" width=\"390\" height=\"551\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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 subscriber deal)<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.1560.</strong> In total there was over a 500 pip range in the EUR/USD this past week and about a 350 pip drop overall. Obviously “SNB day” rocked the boat and sent this pair into a tailspin move lower. What next is the obvious question? Sticking my neck on the chopping block, I think we should see a period of consolidation ahead of the ECB Press Conference this Thursday. We saw a bottom on Friday at 1.1460. I think that this will be the support level; a break lower opens up a move to 1.1210. On the upside, I think that we could see bounces that will probably be sold into at 1.1650, 1.1720 and maybe even 1.1870, although the latter would, in my opinion, involve quite a short squeeze. DO NOT rule this out. The market is heavily short EUR at the moment, and so nervous anything could happen. There are lots of brokers liquidating positions at the moment to balance their books…never say never to anything at the moment.\r\n\r\n<strong>GBP/USD: Closing Price 1.5131</strong>. Quite a turbulent week for the cable but the end of week close was only 20 pips lower than the previous week. In 2014, I had no real luck trading this pair; I think at one time I called it “Flattering to Deceive”. My views have not altered. All week, I believed with the EUR/GBP cross-rate effect in play the cable would stay supported as the EUR/GBP fell in value. So many times it looked like the GBP/USD was going to break substantially higher, but it never really got going. I hate to say common sense, but common sense tells me that as the EUR falls, the EUR/GBP also falls and by virtue of these moves the GBP/USD should remain elevated. I know, the EUR/USD dropped 400 pips or so and cable never moved so it remained elevated by comparison. However, in my opinion, in the past the bounce in cable has been dominant and I expected a test of 1.5300; it never materialized.\r\nLooking forward, 1.5030 is definitely the near death experience support and resistance for the next few days should be capped around 1.5270.\r\n\r\n<strong>AUD/USD: Closing Price 0.8219</strong>. Aussie employment numbers helped this pair during last week. We are range bound and I can say and I am tired of trying to make money on this pair at the moment. The cross-rate effects of the EUR/AUD, GBP/AUD and AUD/CAD are playing havoc with the AUD/USD moves. Looking forward, support is at 0.8180, then down to 0.8120. Resistance is 0.8300. I have a limit order at 0.8380 patiently waiting to short.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.7770</strong>. Like the AUD/USD a very range bound pair. 0.7620 to 0.7920 is the range. I have my limit order at 0.7920 to short and quite frankly this pair has become the new “Loonie” to trade. We have been in the range that I have identified for about three or four months now…painful.\r\n\r\n<strong>USD/CAD: Closing Price 1.1976.</strong> On SNB day I was “wussied” out of a trade that cost quite a bit of $$$. My long limit entry was triggered and I did not move my stop lower to cope with the volatility at the time. I took a big 85-pip loss, only watch my next level of support hold and then watch the “Loonie” bounce up like a pop-tart and take out my initial profit target all inside two hours…. God…I’m that good!! It was very frustrating indeed, and that is the polite version of how I feel. I had soooooooooo many other things on my mind at the time this was happening so I am trying not to beat myself up too much.\r\nLooking forward, resistance for me lies at 1.2075, with support back at 1.1940.\r\n\r\n<strong>USD/CHF: Closing Price 0.8579</strong>. What on earth do I say about the CHF? Personally, I am expecting a bounce in the CHF pairs, as I do believe that Jordan fucked up, I think he had NO FRIGGIN IDEA what he was taking on and now the SNB will be involved in further currency manipulation to help manage the Swiss economy moving forward. I do believe though, that measures will be on hold until after the ECB announcement on <span style=\"line-height: 1.5;\">QE this week. </span><span style=\"line-height: 1.5;\">In my opinion, the CHF will be a sell currency moving forward. i.e. long USD/CHF, EUR/CHF and GBP/CHF to name but three pairs…….but NOT yet it’s too risky.</span><span style=\"line-height: 1.5;\">Quite frankly, stay away for a few more days. Lets get all the fallout, all the data, and all the thoughts of the central bankers on the table and then decide what to do. I know that there are thousands of traders trying to pick bottoms with the CHF pairs. You do what you think you need to do, me…I am staying away for a little while until I can see some clarity on the future policy.</span>\r\n\r\n<strong>USD/JPY: Closing Price 117.42. </strong> The USD/JPY strengthened by about 100 yen in the week. I promised Yang, one of my subscribers that I would start trading this pair and the JPY crosses last week, in fact I have been promising for weeks. That plan kind of got placed on hold once again. We are range bound with this pair; 115.50 is the support and 118.00 the resistance.\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 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: NZD – NZIER Business Confidence.\r\nMONDAY: CNY – GDP.\r\n\r\nTUESDAY: EUR – German ZEW Economic Sentiment.\r\nTUESDAY: NZD – CPi.\r\n\r\nWEDNESDAY: JPY – Monetary Policy Statement and BOJ Press Conference.\r\nWEDNESDAY: GBP – Unemployment Data.\r\nWEDNESDAY: CAD – BOC Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: CAD – BOC Press Conference.\r\n\r\nTHURSDAY: EUR – ECB Interest Rate s and Press Conference.\r\nTHURSDAY: CNY – HSBC Flash Manufacturing PMi.\r\n\r\nFRIDAY: EUR – French and German Flash Manufacturing PMi\r\nFRIDAY: GBP – Retail Sales.\r\nFRIDAY: CAD – Retail Sales and Core Retail Sales.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nI doubt as Forex traders that we will ever witness events like SNB Day again in our lifetimes. It was a history book entry event. As traders it is all about how we react after that turmoil. I know that many of you lost money on CHF trades last Thursday.\r\n\r\nIt is all about drawing a line under it…. and moving on. DO NOT revenge trade that is NOT the answer. It is especially NOT the answer given the news event on the horizon.\r\n\r\nThe ECB dominates the economic calendar this week. I have documented my thoughts in this blog. I may be wrong, I may be right, it is just my opinion and quite frankly no one knows what is going to happen this Thursday. The one thing that I can probably get 100% correct is that it will be volatile. It may actually be a day NOT TO TRADE.\r\n\r\nThere is a Forex market everyday. There are usually one or two strong moves everyday. Why risk this Thursday when volatility will be extreme?\r\n\r\nI know that many of you will trade no matter what I write. All I ask is that you consider the risks involved with trading anything with EUR attached to it.\r\n\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\nThis Thursday, in my opinion, will not be as catastrophic as SNB Day, but rest assured it will be volatile.\r\n\r\nTake care.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSunday January 18<sup>th</sup> 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<strong><span style=\"text-decoration: underline;\">DISCLAIMER &amp; OTHER DATA:</span></strong>\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.','WILL THE ECB ANNOUNCE SUFFICIENT QE TO SATISFY THE MARKETS?','','inherit','open','closed','','5141-revision-v1','','','2015-01-18 08:00:54','2015-01-18 13:00:54','',5141,'https://weeklyfxdrivethru.com/5141-revision-v1/',0,'revision','',0),(5156,1,'2015-01-18 08:25:32','2015-01-18 13:25:32','<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/2015/01/PS-RISK-REWARD-ANALYSIS-18012015.png\"><img class=\"aligncenter size-full wp-image-5130\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-ANALYSIS-18012015.png\" alt=\"PS RISK-REWARD ANALYSIS 18012015\" width=\"427\" height=\"535\" /></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','','','2015-01-18 08:25:32','2015-01-18 13:25:32','',5006,'https://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(5168,16,'2015-01-19 12:40:04','2015-01-19 17:40:04','<section class=\"four-sixths first\">\r\n<div class=\"one-fourth first\">\r\n<h3 style=\"margin-top:80px;\">BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"120\"  border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">AVATRADE </h3>\r\n<p>\r\n<a href=\"http://www.avatrade.com/rewards-benefits/new-accounts-promotion?tag=52729&tag2=~profile_default\" title=\"AVA Trade Banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/120x600_A_6.gif\" alt=\"Ava Trade Banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">CWMFX</h3>\r\n<p><a href=\"http://lps.cwmfx.com/zz2b\" title=\"CWMFX banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/generic3-1.jpg\" alt=\"CWMFX banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"120\"  class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n</div>\r\n\r\n</section>\r\n<section class=\"two-sixths\">\r\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; margin-top:-20px;\">Trading Computers Supplier</h3>\r\n<h3 style=\"margin-bottom:40px;\">EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</section>\r\n\r\n','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2015-01-19 12:40:04','2015-01-19 17:40:04','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(5171,16,'2015-01-19 12:45:54','2015-01-19 17:45:54','<section class=\"four-sixths first\">\r\n<div class=\"one-fourth first\">\r\n<h3 style=\"margin-top:60px;\">BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"120\"  border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:60px;\">AVATRADE </h3>\r\n<p>\r\n<a href=\"http://www.avatrade.com/rewards-benefits/new-accounts-promotion?tag=52729&tag2=~profile_default\" title=\"AVA Trade Banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/120x600_A_6.gif\" alt=\"Ava Trade Banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:60px;\">CWMFX</h3>\r\n<p><a href=\"http://lps.cwmfx.com/zz2b\" title=\"CWMFX banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/generic3-1.jpg\" alt=\"CWMFX banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:60px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"120\"  class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n</div>\r\n\r\n</section>\r\n<section class=\"two-sixths\">\r\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; \">Trading Computers Supplier</h3>\r\n<h3 style=\"margin-bottom:40px;margin-top:20px;\">EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</section>\r\n\r\n','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2015-01-19 12:45:54','2015-01-19 17:45:54','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(5169,16,'2015-01-19 12:42:19','2015-01-19 17:42:19','<section class=\"four-sixths first\">\r\n<div class=\"one-fourth first\">\r\n<h3 style=\"margin-top:80px;\">BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"120\"  border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">AVATRADE </h3>\r\n<p>\r\n<a href=\"http://www.avatrade.com/rewards-benefits/new-accounts-promotion?tag=52729&tag2=~profile_default\" title=\"AVA Trade Banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/120x600_A_6.gif\" alt=\"Ava Trade Banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">CWMFX</h3>\r\n<p><a href=\"http://lps.cwmfx.com/zz2b\" title=\"CWMFX banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/generic3-1.jpg\" alt=\"CWMFX banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"120\"  class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n</div>\r\n\r\n</section>\r\n<section class=\"two-sixths\">\r\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; margin-top:-20px;\">Trading Computers Supplier</h3>\r\n<h3 style=\"margin-bottom:40px;margin-top:20px\">EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</section>\r\n\r\n','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2015-01-19 12:42:19','2015-01-19 17:42:19','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(5170,16,'2015-01-19 12:44:20','2015-01-19 17:44:20','<section class=\"four-sixths first\">\r\n<div class=\"one-fourth first\">\r\n<h3 style=\"margin-top:80px;\">BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"120\"  border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">AVATRADE </h3>\r\n<p>\r\n<a href=\"http://www.avatrade.com/rewards-benefits/new-accounts-promotion?tag=52729&tag2=~profile_default\" title=\"AVA Trade Banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/120x600_A_6.gif\" alt=\"Ava Trade Banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">CWMFX</h3>\r\n<p><a href=\"http://lps.cwmfx.com/zz2b\" title=\"CWMFX banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/generic3-1.jpg\" alt=\"CWMFX banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:80px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"120\"  class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n</div>\r\n\r\n</section>\r\n<section class=\"two-sixths\">\r\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; margin-top:-20px;\">Trading Computers Supplier</h3>\r\n<h3 style=\"margin-bottom:40px;margin-top:20px;\">EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</section>\r\n\r\n','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2015-01-19 12:44:20','2015-01-19 17:44:20','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(5172,16,'2015-01-19 12:46:41','2015-01-19 17:46:41','<section class=\"four-sixths first\">\r\n<div class=\"one-fourth first\">\r\n<h3 style=\"margin-top:70px;\">BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"120\"  border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">AVATRADE </h3>\r\n<p>\r\n<a href=\"http://www.avatrade.com/rewards-benefits/new-accounts-promotion?tag=52729&tag2=~profile_default\" title=\"AVA Trade Banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/120x600_A_6.gif\" alt=\"Ava Trade Banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">CWMFX</h3>\r\n<p><a href=\"http://lps.cwmfx.com/zz2b\" title=\"CWMFX banner\" target=\"_blank\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/generic3-1.jpg\" alt=\"CWMFX banner\"/></a>\r\n</p>\r\n</div>\r\n<div class=\"one-fourth\">\r\n<h3 style=\"margin-bottom:40px;margin-top:70px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"120\"  class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n</div>\r\n\r\n</section>\r\n<section class=\"two-sixths\">\r\n<h3 style=\"margin-bottom:40px;color: #00bfff;text-transform: uppercase; \">Trading Computers Supplier</h3>\r\n<h3 style=\"margin-bottom:40px;margin-top:20px;\">EZ TRADING COMPUTERS</h3>\r\n<div class=\"one-half first\"><a title=\"Download buyers guide for trading computers\" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\"><img src=\"http://tradingcomputersnow.com/wp-content/uploads/2014/04/EZTC-skypescrapper.png\" alt=\"trading computers buyers guide\" /></a></div>\r\n<div class=\"btn\" style=\"clear:both\"><a title=\"Product page: \" href=\"https://mt128.isrefer.com/go/weeklyfx-p/weeklyfx/\" target=\"_blank\">Product page: </a></div>\r\n<div class=\"btn\"><a title=\"Download Guide: \" href=\"https://mt128.isrefer.com/go/weeklyfx-g/weeklyfx/\" target=\"_blank\">Download Guide: </a></div>\r\n</section>\r\n\r\n','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2015-01-19 12:46:41','2015-01-19 17:46:41','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(5193,1,'2015-01-24 14:39:23','2015-01-24 19:39:23','','IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS','','inherit','open','closed','','ideas-that-maybe-you-should-add-to-your-forex-trading-resolutions','','','2015-01-25 06:42:57','2015-01-25 11:42:57','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/IDEAS-THAT-MAYBE-YOU-SHOULD-ADD-TO-YOUR-FOREX-TRADING-RESOLUTIONS.pdf',0,'attachment','application/pdf',0),(5194,1,'2015-01-25 06:28:48','2015-01-25 11:28:48','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h2>\r\n<strong>DATE: 25.01.2015\r\nREFERENCE: #44\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash. Volatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”.\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!)\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had very little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world…\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\n\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n20 weeks = $350.00\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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>\r\n\r\n<strong>IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</strong>\r\n\r\nMany of you would have already begun the year with trading resolutions in mind.\r\nFor those who haven’t adopted any yet, it’s not too late!\r\n\r\nBelow are some suggestions that you may find useful.<strong> </strong>\r\n<ol>\r\n	<li><strong> HAVE A REGULAR TRADING REVIEW:</strong></li>\r\n</ol>\r\nMake it a habit to review your trading. What’s great about this resolution is that you can start immediately. The start of the year is the perfect time to look back on your past trading performance.\r\n\r\nIt’s important to be completely honest with yourself when assessing your performance. Ask yourself questions such as:\r\n<ul>\r\n	<li>What are my trading strengths?</li>\r\n	<li>What are my trading weaknesses?</li>\r\n	<li>Was I able to stick to my trading plan?</li>\r\n	<li>Have I achieved my past trading goals?</li>\r\n	<li>What are my new trading goals?</li>\r\n</ul>\r\nKeep in mind, to really get the most out of trading reviews; they must be conducted regularly and frequently. For this purpose, I recommend keeping a trade journal.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> BELIEVE IN YOURSELF:</strong></li>\r\n</ol>\r\nHaving a positive mindset can go a long way in helping you develop and grow as a trader. In fact, a whole new branch of psychology has emerged based on positive thinking.\r\n\r\nThis new area, called “positive psychology”, focuses on helping people achieve their full potential. It is very different from traditional psychology where the focus is curing mental illness.\r\n\r\nSo no matter what your bottom line looked like at the end of last year, remember that you are starting the year off with a clean slate. Take advantage of this and the additional experience and insight that you have earned from the past year. They will allow you to learn and work better, which can possibly lead to consistent profits.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> LEARN SOMETHING NEW:</strong></li>\r\n</ol>\r\nWhile it is all well and good to stick to a trading system that works, it’s also good for traders to learn new tricks. Read a book, follow a trader blogger with a different trading style, or read up on other trading strategies. Checking out the popular trading forums is a good place to start if you are looking for new trading books and strategies.\r\n\r\nWhat’s important is that you expand your trading skill set. Remember to be a successful trader you must constantly learn, adapt, and improve. You never know when the market environment will call for new trading methods.\r\n\r\nTo help with your resolutions, I recommend treating them as DAILY resolutions instead of yearly ones. It can be difficult creating and keeping this habit, but if you start with small changes and build on them as time goes on, you will be surprised at how achievable your goals are.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\"><img class=\"aligncenter size-full wp-image-5183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\" alt=\"PREM SERV - LIVE TRADES 25012015\" width=\"709\" height=\"487\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nThe current list of LIMIT ORDER trades are highlighted on the spreadsheet below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\"><img class=\"aligncenter size-full wp-image-5184\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\" alt=\"PREM SERV - TRADES ON MY RADAR 25012015\" width=\"708\" height=\"399\" /></a>\r\n\r\nYou will see several set-ups, without Trade reference numbers allocated. These trades have not yet been placed with my brokers and they are my ideas ready to be placed later this evening, subject to the market conditions. When they are placed I will advise by Email and Twitter. I have included charts with basic data displayed on the charts. The charts are very clear this week, some of you prefer as little data as possible. This week I am able to do this as we are very trending at the moment and most entries that interest me are pullbacks. These are at horizontal points and not all are fibonacci based.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5192\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015-1024x534.png\" alt=\"AUDUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5190\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015-1024x534.png\" alt=\"EURUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5188\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015-1024x534.png\" alt=\"GBPUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5187\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015-1024x534.png\" alt=\"NZDUSD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5186\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015-1024x534.png\" alt=\"USDCAD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5191\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015-1024x534.png\" alt=\"EURGBP MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5189\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015-1024x534.png\" alt=\"GBPAUD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\nLooking forward, I think that we are entering a new era of Central Bank influences. Fundamentally, I believe that now is the time to look longer term at two pairs in particular - GBP/AUD and GBP/NZD. EUR related pairs will I fear always be under pressure, however central bank changes in particular with the RBA and RBNZ may be on the cards. If these bodies cut rates or state no rate hikes for 2015, I think their currencies will waterfall down to the exchange rate target values they want and perhaps beyond. The result will be that the GBP related crosses should bounce like “pop tarts” out of a toaster.\r\n\r\nI will be entering both of these pairs (GBP/AUD and GBP/NZD) this week with small positions looking to add on several occasions if possible.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\"><img class=\"aligncenter size-full wp-image-5185\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\" alt=\"PREM SERV TRENDING PAIRS 25012015\" width=\"400\" height=\"510\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.1205.</strong> Later today we have Greek parliamentary election results. I am of the opinion that should the opposition Syriza party win a majority there will be eyebrows raised. Politically, they are Austerity opposed and questions over Greece remaining members of the single- currency will be asked. This uncertainty will affect the EUR/USD exchange rate initially. Should exit murmurs become louder I can see a EUR/USD bounce. I think that it would be prudent to keep clear of the EUR/USD tempting as it is until we see clarity on the Greek situation. Support is at 1.1135 and resistance at 1.1290.\r\n\r\n<strong>GBP/USD: Closing Price 1.4984</strong>. We end the week below 1.5000. As long as the EUR/USD looks bearish so will the GBP/USD. Having said that, of all the Forex pairs the cable is the one that normally kicks me in the teeth and reverses just when I think that it is going in the direction that I want. I feel it’s bearish, but I am always looking over my shoulder with this pair. Support is at 1.4950 and resistance at 1.5030.\r\n\r\n<strong>AUD/USD: Closing Price 0.7905</strong>. We end the week at the lows. After the surprise rate cut by the BOC last week, the actions by the RBA will come into view perhaps a great deal more seriously than in the past. I think rate cuts are on the cards for the RBA in 2015. Commodity prices are on the floor and the RBA themselves have stated that they see the AUD/USD fair exchange rate around 0.7500. Following the SNB, ECB and BOC, I would bet the RBA have revised their exchange rate lower than 0.7500, perhaps even to 0.7000. That is all in the future, for now support we are it at 0.7880, with resistance is at 0.8050.\r\n\r\n<strong>NZD/USD: Closing Price 0.7452</strong>. We are in the throws of starting a measured move from a double top pattern. The measured move takes this pair to 0.6000. This is below the John Key (NZ Prime Minister) target of 0.6500. Game on. This pair has finally established a bearish pattern again after being range bound since last October. Support is at 0.7430 and resistance at 0.7515\r\n\r\n<strong>USD/CAD: Closing Price 1.2424.</strong> This pair is in a very bullish trend. I took profits off the table last Friday after strong CAD data. I am now looking to re-enter long. The rate cut, with the chance of more from the BOC plus the continued pressure on oil prices looks to be sending this pair much higher. Support is at 1.2385 and resistance at 1.2450.\r\n\r\n<strong>USD/CHF: Closing Price 0.88817</strong>. This pair has gone off my radar after a brief period of time following SNB Day. Support is at 0.8670 and resistance at 0.8830 looks like being significant given the trend following the SNB announcement.\r\n\r\n<strong>USD/JPY: Closing Price 117.75. </strong> The JPY is rangey and prime for a big move. I think that we are going to head lower with divergence appearing between the European bourses and those in the U.S. and Japan. The European bourses following ECB QE will be very bullish and in-flows should increase to take advantage at the expense of Japan and the U.S. How long this last lasts for is not predictable, but as long as it does the USD/JPY will be pressured. I see 117.00 as key support and 119.00 as resistance.\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 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.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence\r\n\r\nTUESDAY: AUD - CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','publish','open','closed','','fed-boj-snb-boe-boc-ecb-next-rbnz','','','2015-01-25 06:28:48','2015-01-25 11:28:48','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=5194',0,'member_posts','',0),(5195,1,'2015-01-24 15:04:52','2015-01-24 20:04:52','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h2>\r\n<strong>DATE: 25.01.2015\r\nREFERENCE: #44\r\n</strong><strong>BLOG: THE PREMIUM SERVICE\r\n\r\n</strong>\r\n<ol>\r\n	<li><strong><span style=\"text-decoration: underline;\"> INTRODUCTION:</span></strong></li>\r\n</ol>\r\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash.\r\n\r\nVolatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”.\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!)\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had vey little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world…\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\n\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n</span>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n20 weeks = $350.00\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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>\r\n\r\n<strong>IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</strong>\r\n\r\nMany of you would have already begun the year with trading resolutions in mind.\r\nFor those who haven’t adopted any yet, it’s not too late!\r\n\r\nBelow are some suggestions that you may find useful.<strong> </strong>\r\n<ol>\r\n	<li><strong> HAVE A REGULAR TRADING REVIEW:</strong></li>\r\n</ol>\r\nMake it a habit to review your trading. What’s great about this resolution is that you can start immediately. The start of the year is the perfect time to look back on your past trading performance.\r\n\r\nIt’s important to be completely honest with yourself when assessing your performance. Ask yourself questions such as:\r\n<ul>\r\n	<li>What are my trading strengths?</li>\r\n	<li>What are my trading weaknesses?</li>\r\n	<li>Was I able to stick to my trading plan?</li>\r\n	<li>Have I achieved my past trading goals?</li>\r\n	<li>What are my new trading goals?</li>\r\n</ul>\r\nKeep in mind, to really get the most out of trading reviews; they must be conducted regularly and frequently. For this purpose, I recommend keeping a trade journal.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> BELIEVE IN YOURSELF:</strong></li>\r\n</ol>\r\nHaving a positive mindset can go a long way in helping you develop and grow as a trader. In fact, a whole new branch of psychology has emerged based on positive thinking.\r\n\r\nThis new area, called “positive psychology”, focuses on helping people achieve their full potential. It is very different from traditional psychology where the focus is curing mental illness.\r\n\r\nSo no matter what your bottom line looked like at the end of last year, remember that you are starting the year off with a clean slate. Take advantage of this and the additional experience and insight that you have earned from the past year. They will allow you to learn and work better, which can possibly lead to consistent profits.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> LEARN SOMETHING NEW:</strong></li>\r\n</ol>\r\nWhile it is all well and good to stick to a trading system that works, it’s also good for traders to learn new tricks. Read a book, follow a trader blogger with a different trading style, or read up on other trading strategies. Checking out the popular trading forums is a good place to start if you are looking for new trading books and strategies.\r\n\r\nWhat’s important is that you expand your trading skill set. Remember to be a successful trader you must constantly learn, adapt, and improve. You never know when the market environment will call for new trading methods.\r\n\r\nTo help with your resolutions, I recommend treating them as DAILY resolutions instead of yearly ones. It can be difficult creating and keeping this habit, but if you start with small changes and build on them as time goes on, you will be surprised at how achievable your goals are.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\"><img class=\"aligncenter size-full wp-image-5183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\" alt=\"PREM SERV - LIVE TRADES 25012015\" width=\"709\" height=\"487\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nThe current list of LIMIT ORDER trades are highlighted on the spreadsheet below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\"><img class=\"aligncenter size-full wp-image-5184\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\" alt=\"PREM SERV - TRADES ON MY RADAR 25012015\" width=\"708\" height=\"399\" /></a>\r\n\r\nYou will see several set-ups, without Trade reference numbers allocated. These trades have not yet been placed with my brokers and they are my ideas ready to be placed later this evening, subject to the market conditions. When they are placed I will advise by Email and Twitter. I have included charts with basic data displayed on the charts. The charts are very clear this week, some of you prefer as little data as possible. This week I am able to do this as we are very trending at the moment and most entries that interest me are pullbacks. These are at horizontal points and not all are fibonacci based.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5192\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015-1024x534.png\" alt=\"AUDUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5190\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015-1024x534.png\" alt=\"EURUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5188\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015-1024x534.png\" alt=\"GBPUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5187\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015-1024x534.png\" alt=\"NZDUSD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5186\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015-1024x534.png\" alt=\"USDCAD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5191\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015-1024x534.png\" alt=\"EURGBP MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5189\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015-1024x534.png\" alt=\"GBPAUD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\nLooking forward, I think that we are entering a new era of Central Bank influences. Fundamentally, I believe that now is the time to look longer term at two pairs in particular - GBP/AUD and GBP/NZD. EUR related pairs will I fear always be under pressure, however central bank changes in particular with the RBA and RBNZ may be on the cards. If these bodies cut rates or state no rate hikes for 2015, I think their currencies will waterfall down to the exchange rate target values they want and perhaps beyond. The result will be that the GBP related crosses should bounce like “pop tarts” out of a toaster.\r\n\r\nI will be entering both of these pairs (GBP/AUD and GBP/NZD) this week with small positions looking to add on several occasions if possible.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\"><img class=\"aligncenter size-full wp-image-5185\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\" alt=\"PREM SERV TRENDING PAIRS 25012015\" width=\"400\" height=\"510\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.1205.</strong> Later today we have Greek parliamentary election results. I am of the opinion that should the opposition Syriza party win a majority there will be eyebrows raised. Politically, they are Austerity opposed and questions over Greece remaining members of the single- currency will be asked. This uncertainty will affect the EUR/USD exchange rate initially. Should exit murmurs become louder I can see a EUR/USD bounce. I think that it would be prudent to keep clear of the EUR/USD tempting as it is until we see clarity on the Greek situation. Support is at 1.1135 and resistance at 1.1290.\r\n\r\n<strong>GBP/USD: Closing Price 1.4984</strong>. We end the week below 1.5000. As long as the EUR/USD looks bearish so will the GBP/USD. Having said that, of all the Forex pairs the cable is the one that normally kicks me in the teeth and reverses just when I think that it is going in the direction that I want. I feel it’s bearish, but I am always looking over my shoulder with this pair. Support is at 1.4950 and resistance at 1.5030.\r\n\r\n<strong>AUD/USD: Closing Price 0.7905</strong>. We end the week at the lows. After the surprise rate cut by the BOC last week, the actions by the RBA will come into view perhaps a great deal more seriously than in the past. I think rate cuts are on the cards for the RBA in 2015. Commodity prices are on the floor and the RBA themselves have stated that they see the AUD/USD fair exchange rate around 0.7500. Following the SNB, ECB and BOC, I would bet the RBA have revised their exchange rate lower than 0.7500, perhaps even to 0.7000. That is all in the future, for now support we are it at 0.7880, with resistance is at 0.8050.\r\n\r\n<strong>NZD/USD: Closing Price 0.7452</strong>. We are in the throws of starting a measured move from a double top pattern. The measured move takes this pair to 0.6000. This is below the John Key (NZ Prime Minister) target of 0.6500. Game on. This pair has finally established a bearish pattern again after being range bound since last October. Support is at 0.7430 and resistance at 0.7515\r\n\r\n<strong>USD/CAD: Closing Price 1.2424.</strong> This pair is in a very bullish trend. I took profits off the table last Friday after strong CAD data. I am now looking to re-enter long. The rate cut, with the chance of more from the BOC plus the continued pressure on oil prices looks to be sending this pair much higher. Support is at 1.2385 and resistance at 1.2450.\r\n\r\n<strong>USD/CHF: Closing Price 0.88817</strong>. This pair has gone off my radar after a brief period of time following SNB Day. Support is at 0.8670 and resistance at 0.8830 looks like being significant given the trend following the SNB announcement.\r\n\r\n<strong>USD/JPY: Closing Price 117.75. </strong> The JPY is rangey and prime for a big move. I think that we are going to head lower with divergence appearing between the European bourses and those in the U.S. and Japan. The European bourses following ECB QE will be very bullish and in-flows should increase to take advantage at the expense of Japan and the U.S. How long this last lasts for is not predictable, but as long as it does the USD/JPY will be pressured. I see 117.00 as key support and 119.00 as resistance.\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 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.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence\r\n\r\nTUESDAY: AUD - CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5194-revision-v1','','','2015-01-24 15:04:52','2015-01-24 20:04:52','',5194,'https://weeklyfxdrivethru.com/5194-revision-v1/',0,'revision','',0),(5197,1,'2015-01-24 15:08:45','2015-01-24 20:08:45','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h2>\r\n<strong>DATE: 25.01.2015\r\nREFERENCE: #44\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash.\r\n\r\nVolatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”.\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!)\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had very little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world…\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\n\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n20 weeks = $350.00\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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>\r\n\r\n<strong>IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</strong>\r\n\r\nMany of you would have already begun the year with trading resolutions in mind.\r\nFor those who haven’t adopted any yet, it’s not too late!\r\n\r\nBelow are some suggestions that you may find useful.<strong> </strong>\r\n<ol>\r\n	<li><strong> HAVE A REGULAR TRADING REVIEW:</strong></li>\r\n</ol>\r\nMake it a habit to review your trading. What’s great about this resolution is that you can start immediately. The start of the year is the perfect time to look back on your past trading performance.\r\n\r\nIt’s important to be completely honest with yourself when assessing your performance. Ask yourself questions such as:\r\n<ul>\r\n	<li>What are my trading strengths?</li>\r\n	<li>What are my trading weaknesses?</li>\r\n	<li>Was I able to stick to my trading plan?</li>\r\n	<li>Have I achieved my past trading goals?</li>\r\n	<li>What are my new trading goals?</li>\r\n</ul>\r\nKeep in mind, to really get the most out of trading reviews; they must be conducted regularly and frequently. For this purpose, I recommend keeping a trade journal.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> BELIEVE IN YOURSELF:</strong></li>\r\n</ol>\r\nHaving a positive mindset can go a long way in helping you develop and grow as a trader. In fact, a whole new branch of psychology has emerged based on positive thinking.\r\n\r\nThis new area, called “positive psychology”, focuses on helping people achieve their full potential. It is very different from traditional psychology where the focus is curing mental illness.\r\n\r\nSo no matter what your bottom line looked like at the end of last year, remember that you are starting the year off with a clean slate. Take advantage of this and the additional experience and insight that you have earned from the past year. They will allow you to learn and work better, which can possibly lead to consistent profits.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> LEARN SOMETHING NEW:</strong></li>\r\n</ol>\r\nWhile it is all well and good to stick to a trading system that works, it’s also good for traders to learn new tricks. Read a book, follow a trader blogger with a different trading style, or read up on other trading strategies. Checking out the popular trading forums is a good place to start if you are looking for new trading books and strategies.\r\n\r\nWhat’s important is that you expand your trading skill set. Remember to be a successful trader you must constantly learn, adapt, and improve. You never know when the market environment will call for new trading methods.\r\n\r\nTo help with your resolutions, I recommend treating them as DAILY resolutions instead of yearly ones. It can be difficult creating and keeping this habit, but if you start with small changes and build on them as time goes on, you will be surprised at how achievable your goals are.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\"><img class=\"aligncenter size-full wp-image-5183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\" alt=\"PREM SERV - LIVE TRADES 25012015\" width=\"709\" height=\"487\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nThe current list of LIMIT ORDER trades are highlighted on the spreadsheet below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\"><img class=\"aligncenter size-full wp-image-5184\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\" alt=\"PREM SERV - TRADES ON MY RADAR 25012015\" width=\"708\" height=\"399\" /></a>\r\n\r\nYou will see several set-ups, without Trade reference numbers allocated. These trades have not yet been placed with my brokers and they are my ideas ready to be placed later this evening, subject to the market conditions. When they are placed I will advise by Email and Twitter. I have included charts with basic data displayed on the charts. The charts are very clear this week, some of you prefer as little data as possible. This week I am able to do this as we are very trending at the moment and most entries that interest me are pullbacks. These are at horizontal points and not all are fibonacci based.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5192\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015-1024x534.png\" alt=\"AUDUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5190\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015-1024x534.png\" alt=\"EURUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5188\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015-1024x534.png\" alt=\"GBPUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5187\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015-1024x534.png\" alt=\"NZDUSD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5186\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015-1024x534.png\" alt=\"USDCAD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5191\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015-1024x534.png\" alt=\"EURGBP MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5189\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015-1024x534.png\" alt=\"GBPAUD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\nLooking forward, I think that we are entering a new era of Central Bank influences. Fundamentally, I believe that now is the time to look longer term at two pairs in particular - GBP/AUD and GBP/NZD. EUR related pairs will I fear always be under pressure, however central bank changes in particular with the RBA and RBNZ may be on the cards. If these bodies cut rates or state no rate hikes for 2015, I think their currencies will waterfall down to the exchange rate target values they want and perhaps beyond. The result will be that the GBP related crosses should bounce like “pop tarts” out of a toaster.\r\n\r\nI will be entering both of these pairs (GBP/AUD and GBP/NZD) this week with small positions looking to add on several occasions if possible.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\"><img class=\"aligncenter size-full wp-image-5185\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\" alt=\"PREM SERV TRENDING PAIRS 25012015\" width=\"400\" height=\"510\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.1205.</strong> Later today we have Greek parliamentary election results. I am of the opinion that should the opposition Syriza party win a majority there will be eyebrows raised. Politically, they are Austerity opposed and questions over Greece remaining members of the single- currency will be asked. This uncertainty will affect the EUR/USD exchange rate initially. Should exit murmurs become louder I can see a EUR/USD bounce. I think that it would be prudent to keep clear of the EUR/USD tempting as it is until we see clarity on the Greek situation. Support is at 1.1135 and resistance at 1.1290.\r\n\r\n<strong>GBP/USD: Closing Price 1.4984</strong>. We end the week below 1.5000. As long as the EUR/USD looks bearish so will the GBP/USD. Having said that, of all the Forex pairs the cable is the one that normally kicks me in the teeth and reverses just when I think that it is going in the direction that I want. I feel it’s bearish, but I am always looking over my shoulder with this pair. Support is at 1.4950 and resistance at 1.5030.\r\n\r\n<strong>AUD/USD: Closing Price 0.7905</strong>. We end the week at the lows. After the surprise rate cut by the BOC last week, the actions by the RBA will come into view perhaps a great deal more seriously than in the past. I think rate cuts are on the cards for the RBA in 2015. Commodity prices are on the floor and the RBA themselves have stated that they see the AUD/USD fair exchange rate around 0.7500. Following the SNB, ECB and BOC, I would bet the RBA have revised their exchange rate lower than 0.7500, perhaps even to 0.7000. That is all in the future, for now support we are it at 0.7880, with resistance is at 0.8050.\r\n\r\n<strong>NZD/USD: Closing Price 0.7452</strong>. We are in the throws of starting a measured move from a double top pattern. The measured move takes this pair to 0.6000. This is below the John Key (NZ Prime Minister) target of 0.6500. Game on. This pair has finally established a bearish pattern again after being range bound since last October. Support is at 0.7430 and resistance at 0.7515\r\n\r\n<strong>USD/CAD: Closing Price 1.2424.</strong> This pair is in a very bullish trend. I took profits off the table last Friday after strong CAD data. I am now looking to re-enter long. The rate cut, with the chance of more from the BOC plus the continued pressure on oil prices looks to be sending this pair much higher. Support is at 1.2385 and resistance at 1.2450.\r\n\r\n<strong>USD/CHF: Closing Price 0.88817</strong>. This pair has gone off my radar after a brief period of time following SNB Day. Support is at 0.8670 and resistance at 0.8830 looks like being significant given the trend following the SNB announcement.\r\n\r\n<strong>USD/JPY: Closing Price 117.75. </strong> The JPY is rangey and prime for a big move. I think that we are going to head lower with divergence appearing between the European bourses and those in the U.S. and Japan. The European bourses following ECB QE will be very bullish and in-flows should increase to take advantage at the expense of Japan and the U.S. How long this last lasts for is not predictable, but as long as it does the USD/JPY will be pressured. I see 117.00 as key support and 119.00 as resistance.\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 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.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence\r\n\r\nTUESDAY: AUD - CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5194-revision-v1','','','2015-01-24 15:08:45','2015-01-24 20:08:45','',5194,'https://weeklyfxdrivethru.com/5194-revision-v1/',0,'revision','',0),(5196,1,'2015-01-24 15:06:19','2015-01-24 20:06:19','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h2>\r\n<strong>DATE: 25.01.2015\r\nREFERENCE: #44\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash.\r\n\r\nVolatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”.\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!)\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had vey little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world…\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\n\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n20 weeks = $350.00\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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>\r\n\r\n<strong>IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</strong>\r\n\r\nMany of you would have already begun the year with trading resolutions in mind.\r\nFor those who haven’t adopted any yet, it’s not too late!\r\n\r\nBelow are some suggestions that you may find useful.<strong> </strong>\r\n<ol>\r\n	<li><strong> HAVE A REGULAR TRADING REVIEW:</strong></li>\r\n</ol>\r\nMake it a habit to review your trading. What’s great about this resolution is that you can start immediately. The start of the year is the perfect time to look back on your past trading performance.\r\n\r\nIt’s important to be completely honest with yourself when assessing your performance. Ask yourself questions such as:\r\n<ul>\r\n	<li>What are my trading strengths?</li>\r\n	<li>What are my trading weaknesses?</li>\r\n	<li>Was I able to stick to my trading plan?</li>\r\n	<li>Have I achieved my past trading goals?</li>\r\n	<li>What are my new trading goals?</li>\r\n</ul>\r\nKeep in mind, to really get the most out of trading reviews; they must be conducted regularly and frequently. For this purpose, I recommend keeping a trade journal.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> BELIEVE IN YOURSELF:</strong></li>\r\n</ol>\r\nHaving a positive mindset can go a long way in helping you develop and grow as a trader. In fact, a whole new branch of psychology has emerged based on positive thinking.\r\n\r\nThis new area, called “positive psychology”, focuses on helping people achieve their full potential. It is very different from traditional psychology where the focus is curing mental illness.\r\n\r\nSo no matter what your bottom line looked like at the end of last year, remember that you are starting the year off with a clean slate. Take advantage of this and the additional experience and insight that you have earned from the past year. They will allow you to learn and work better, which can possibly lead to consistent profits.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> LEARN SOMETHING NEW:</strong></li>\r\n</ol>\r\nWhile it is all well and good to stick to a trading system that works, it’s also good for traders to learn new tricks. Read a book, follow a trader blogger with a different trading style, or read up on other trading strategies. Checking out the popular trading forums is a good place to start if you are looking for new trading books and strategies.\r\n\r\nWhat’s important is that you expand your trading skill set. Remember to be a successful trader you must constantly learn, adapt, and improve. You never know when the market environment will call for new trading methods.\r\n\r\nTo help with your resolutions, I recommend treating them as DAILY resolutions instead of yearly ones. It can be difficult creating and keeping this habit, but if you start with small changes and build on them as time goes on, you will be surprised at how achievable your goals are.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\"><img class=\"aligncenter size-full wp-image-5183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\" alt=\"PREM SERV - LIVE TRADES 25012015\" width=\"709\" height=\"487\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nThe current list of LIMIT ORDER trades are highlighted on the spreadsheet below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\"><img class=\"aligncenter size-full wp-image-5184\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\" alt=\"PREM SERV - TRADES ON MY RADAR 25012015\" width=\"708\" height=\"399\" /></a>\r\n\r\nYou will see several set-ups, without Trade reference numbers allocated. These trades have not yet been placed with my brokers and they are my ideas ready to be placed later this evening, subject to the market conditions. When they are placed I will advise by Email and Twitter. I have included charts with basic data displayed on the charts. The charts are very clear this week, some of you prefer as little data as possible. This week I am able to do this as we are very trending at the moment and most entries that interest me are pullbacks. These are at horizontal points and not all are fibonacci based.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5192\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015-1024x534.png\" alt=\"AUDUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5190\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015-1024x534.png\" alt=\"EURUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5188\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015-1024x534.png\" alt=\"GBPUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5187\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015-1024x534.png\" alt=\"NZDUSD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5186\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015-1024x534.png\" alt=\"USDCAD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5191\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015-1024x534.png\" alt=\"EURGBP MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5189\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015-1024x534.png\" alt=\"GBPAUD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\nLooking forward, I think that we are entering a new era of Central Bank influences. Fundamentally, I believe that now is the time to look longer term at two pairs in particular - GBP/AUD and GBP/NZD. EUR related pairs will I fear always be under pressure, however central bank changes in particular with the RBA and RBNZ may be on the cards. If these bodies cut rates or state no rate hikes for 2015, I think their currencies will waterfall down to the exchange rate target values they want and perhaps beyond. The result will be that the GBP related crosses should bounce like “pop tarts” out of a toaster.\r\n\r\nI will be entering both of these pairs (GBP/AUD and GBP/NZD) this week with small positions looking to add on several occasions if possible.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\"><img class=\"aligncenter size-full wp-image-5185\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\" alt=\"PREM SERV TRENDING PAIRS 25012015\" width=\"400\" height=\"510\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.1205.</strong> Later today we have Greek parliamentary election results. I am of the opinion that should the opposition Syriza party win a majority there will be eyebrows raised. Politically, they are Austerity opposed and questions over Greece remaining members of the single- currency will be asked. This uncertainty will affect the EUR/USD exchange rate initially. Should exit murmurs become louder I can see a EUR/USD bounce. I think that it would be prudent to keep clear of the EUR/USD tempting as it is until we see clarity on the Greek situation. Support is at 1.1135 and resistance at 1.1290.\r\n\r\n<strong>GBP/USD: Closing Price 1.4984</strong>. We end the week below 1.5000. As long as the EUR/USD looks bearish so will the GBP/USD. Having said that, of all the Forex pairs the cable is the one that normally kicks me in the teeth and reverses just when I think that it is going in the direction that I want. I feel it’s bearish, but I am always looking over my shoulder with this pair. Support is at 1.4950 and resistance at 1.5030.\r\n\r\n<strong>AUD/USD: Closing Price 0.7905</strong>. We end the week at the lows. After the surprise rate cut by the BOC last week, the actions by the RBA will come into view perhaps a great deal more seriously than in the past. I think rate cuts are on the cards for the RBA in 2015. Commodity prices are on the floor and the RBA themselves have stated that they see the AUD/USD fair exchange rate around 0.7500. Following the SNB, ECB and BOC, I would bet the RBA have revised their exchange rate lower than 0.7500, perhaps even to 0.7000. That is all in the future, for now support we are it at 0.7880, with resistance is at 0.8050.\r\n\r\n<strong>NZD/USD: Closing Price 0.7452</strong>. We are in the throws of starting a measured move from a double top pattern. The measured move takes this pair to 0.6000. This is below the John Key (NZ Prime Minister) target of 0.6500. Game on. This pair has finally established a bearish pattern again after being range bound since last October. Support is at 0.7430 and resistance at 0.7515\r\n\r\n<strong>USD/CAD: Closing Price 1.2424.</strong> This pair is in a very bullish trend. I took profits off the table last Friday after strong CAD data. I am now looking to re-enter long. The rate cut, with the chance of more from the BOC plus the continued pressure on oil prices looks to be sending this pair much higher. Support is at 1.2385 and resistance at 1.2450.\r\n\r\n<strong>USD/CHF: Closing Price 0.88817</strong>. This pair has gone off my radar after a brief period of time following SNB Day. Support is at 0.8670 and resistance at 0.8830 looks like being significant given the trend following the SNB announcement.\r\n\r\n<strong>USD/JPY: Closing Price 117.75. </strong> The JPY is rangey and prime for a big move. I think that we are going to head lower with divergence appearing between the European bourses and those in the U.S. and Japan. The European bourses following ECB QE will be very bullish and in-flows should increase to take advantage at the expense of Japan and the U.S. How long this last lasts for is not predictable, but as long as it does the USD/JPY will be pressured. I see 117.00 as key support and 119.00 as resistance.\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 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.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence\r\n\r\nTUESDAY: AUD - CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5194-revision-v1','','','2015-01-24 15:06:19','2015-01-24 20:06:19','',5194,'https://weeklyfxdrivethru.com/5194-revision-v1/',0,'revision','',0),(5198,1,'2015-01-25 06:46:16','2015-01-25 11:46:16','<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: 25.01.2015\r\nREFERENCE: #136\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash. Volatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!).\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had very little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world.\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\n\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\r\n\r\n&nbsp;\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n\r\n20 weeks = $350.00\r\n\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE 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 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: AUD CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 2015\r\n\r\n&nbsp;\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&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;\">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<span style=\"text-decoration: underline;\">TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','publish','open','closed','','fed-boj-snb-boe-boc-ecb-next-rbnz','','','2015-01-25 06:46:16','2015-01-25 11:46:16','',0,'https://weeklyfxdrivethru.com/?p=5198',0,'post','',0),(5199,1,'2015-01-24 15:21:45','2015-01-24 20:21:45','<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: 25.01.2015\r\nREFERENCE: #136\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash.\r\n\r\nVolatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!).\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had vey little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world.\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\n\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\r\n\r\n&nbsp;\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n\r\n20 weeks = $350.00\r\n\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:\r\n\r\n</span></strong>\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE 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 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: AUD CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 2015\r\n\r\n&nbsp;\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&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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5198-revision-v1','','','2015-01-24 15:21:45','2015-01-24 20:21:45','',5198,'https://weeklyfxdrivethru.com/5198-revision-v1/',0,'revision','',0),(5210,1,'2015-01-25 06:45:18','2015-01-25 11:45:18','<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: 25.01.2015\r\nREFERENCE: #136\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash. Volatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!).\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had very little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world.\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\n\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\r\n\r\n&nbsp;\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n\r\n20 weeks = $350.00\r\n\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE 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 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: AUD CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 2015\r\n\r\n&nbsp;\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&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;\">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise. By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.Any reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<span style=\"text-decoration: underline;\">TRADING &amp; PERFORMANCES DISCLAIMER:</span>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5198-revision-v1','','','2015-01-25 06:45:18','2015-01-25 11:45:18','',5198,'https://weeklyfxdrivethru.com/5198-revision-v1/',0,'revision','',0),(5200,1,'2015-01-24 15:22:33','2015-01-24 20:22:33','<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: 25.01.2015\r\nREFERENCE: #136\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash.\r\n\r\nVolatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!).\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had vey little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world.\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\n\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\r\n\r\n&nbsp;\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n\r\n20 weeks = $350.00\r\n\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE 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 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: AUD CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 2015\r\n\r\n&nbsp;\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&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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5198-revision-v1','','','2015-01-24 15:22:33','2015-01-24 20:22:33','',5198,'https://weeklyfxdrivethru.com/5198-revision-v1/',0,'revision','',0),(5201,1,'2015-01-24 15:24:56','2015-01-24 20:24:56','<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: 25.01.2015\r\nREFERENCE: #136\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash.\r\n\r\nVolatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!).\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had very little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world.\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\n\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\r\n\r\n&nbsp;\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n\r\n20 weeks = $350.00\r\n\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style=\"text-decoration: underline;\">:</span></strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"5\">\r\n	<li><strong><span style=\"text-decoration: underline;\"> THE 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 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: AUD CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 2015\r\n\r\n&nbsp;\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&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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5198-revision-v1','','','2015-01-24 15:24:56','2015-01-24 20:24:56','',5198,'https://weeklyfxdrivethru.com/5198-revision-v1/',0,'revision','',0),(5202,1,'2015-01-25 06:24:37','2015-01-25 11:24:37','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h2>\r\n<strong>DATE: 25.01.2015\r\nREFERENCE: #44\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\nIn the past few weeks to open the blog I have used great, what I call Irish openings: -\r\n\r\n<em><span style=\"text-decoration: underline;\">“Holy Mother of God”\r\n</span></em><em><span style=\"text-decoration: underline;\">“Jesus Mary and Joseph”</span></em>\r\n\r\nThis week it’s a very plain and somewhat casual – <em><span style=\"text-decoration: underline;\">“What the feck was that”</span></em>\r\n\r\nI have been trading for 8 years. In these past two weeks I was screwed over by “SNB DAY”, which cost me a lot of money, and I got suckered into the second move of the after effects of the QE announcement from the ECB, causing me real stress to work off the losses that swept across my trading accounts in a flash. Volatility my ar**, that was pure FEAR &amp; GREED in play; the swings were so severe there were panic moves at times. I would have loved to have witnessed the QE Day move from a bank’s trading room. I very strongly suspect that there were some twitchy bottoms hanging around and with some of the moves rolls of Andrex must have been consumed by the Costco size pack.\r\n\r\nAt the end of the day, I have three of my five accounts back in order. Just one left to fix this week, the other one is not OK as it belongs to FXCM and quite frankly, the fact they have STILL NOT contacted me after my report to them, tells me that they are deep up to their knees in do-do, or as I say “Knee deep in sh**e” or “Up the Liffey without a paddle”.\r\n\r\nMoving on from the pleasantries, Draghi did enough to satisfy the markets (I got that wrong last week, but I am so pleased for the EUROZONE populations). I think that a 500-pip drop in two days is a fairly convincing move to say that the markets have got it. Some selling was severe; we did bounce 150-pips off the lows yesterday in EUR/USD, which in all honesty was expected, if it were not for the Greek elections, I would have a fresh LIMIT ORDER in position to capture the next leg lower.\r\n\r\nI never thought that Draghi would do it….. we have seen basically a 3,000 pip move lower since last May with the EUR/USD, and now Draghi can claim some of the move lower can be attributable to ECB policy (That statement may be slightly unfair… I don’t care it’s my blog!!)\r\n\r\nPrior to Draghi we had a very surprise interest rate cut from the BOC (more about that later). However the big news in my eyes albeit the markets took it in its stride was the day before the BOC, when the BOE MPC votes were released from the last BOE interest rate decision and there were no dissenters. All 9 of the MPC members voted for a hiatus on interest rate increases (more about this later).\r\n\r\nSince SNB day, I feel that I have had very little down time, to think, schedule and plan effectively… never mind think. After the Greek election results later today, the big day is Wednesday for the FED and RBNZ.\r\n\r\nI have an article for a blog already 75% complete, which I am hoping to release next weekend about the potential moves in the market that should be available to us should the fundamental macro moves happen as I think that they will. Publishing it next weekend is probably the best time given that the FED and RBNZ Central banks are going to have their say this week. We know about the rest.\r\n\r\nFinally, I am still hearing of traders being stung on SNB day, yet at the same time I am hearing about how forgiving FX brokers have been on negative balances. I need more research on this subject. It is NOT as “nicey-pie” as we are being led to believe.\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><span style=\"text-decoration: underline;\">FED-BOJ-SNB-BOE-BOC-ECB\r\n</span></strong><strong><span style=\"text-decoration: underline;\">and next it’s the RBNZ</span></strong></p>\r\nThe Worlds Central Bankers are like Rock Stars in my Forex world…\r\n\r\nI often said prior to Janet Yellen succeeding him as FED chair that Ben Bernanke was the most powerful man in the world. He could stop the world financial markets at a stroke….\r\n\r\nMario Draghi serves up more bulls**t than an Irish farmyard and we love it…give us more…\r\n\r\nMark Carney flexed his muscles on a whim last year, the reaction from cable was unbelievable…it was of course complete and utter boll**cks that he announced to the worlds media, but…. we just loved it.\r\n\r\nWe are like “Lab Rats”…. “Assumption 3” from my old Economics days “Non-satiety – the consumer can never be over-supplied with a product”, in Forex terms we can’t get enough of this crap…. As Don Henley says “We’re workin’ it”.\r\n\r\nIt’s like being a child standing outside the entrance to the circus that has just rolled into town…\r\n\r\n<em>Roll up, roll up…now its time for the RBNZ and its governor, Mr. Graeme Wheeler</em>.\r\n<ol>\r\n	<li>FED:\r\nWe have already had Janet Yellen at the FED announce a change in FED monetary policy. Good economic data = increase in interest rates in 2015, exactly when in 2015 who knows?, it is anybody’s guess… but it will happen.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>BOJ:</li>\r\n</ol>\r\nYou want “Quantitative Easing” with volume, go to Tokyo and meet Mr. Kuroda the head of the BOJ, an unbelievable quantity each month is keeping the Tokyo markets flooded with Yen, so much so traders are being lost under wads of cash at the Nikkei.\r\n<ol start=\"3\">\r\n	<li>SNB:</li>\r\n</ol>\r\nSNB governor Jordan makes the history books. 48 hours before removing the peg the SNB tells the press that it will defend it with it’s last breath…. What a complete load of boll***s that statement turned out to be! Peg gone… we move on.\r\n<ol start=\"4\">\r\n	<li>BOE:</li>\r\n</ol>\r\nLast year Mark Carney, governor of the BOE (Switching from BOC and replacing my mate Mervyn King aka “Merv the Swerve” as head of BOE), announces at the London Lord Mayor’s mansion House, in the Autumn/Fall 2014 (Dinner for those more fortunate in the UK), to get ready as UK interest rates are going to rise sooner than you think. Classic….since then, more retreats than the Italian Army in WWII, culminating with the BOE MPC all aligned for the first time in donkey’s years in agreement to keep UK interest on hold for the foreseeable future. In BOE talk not 2015.\r\n<ol start=\"5\">\r\n	<li>BOC:</li>\r\n</ol>\r\nGovernor Poloz pulls a David Copperfield….. whoosh!! Rate cut 0.25%..now we know the BOC governors name!!\r\n<ol start=\"6\">\r\n	<li>ECB:</li>\r\n</ol>\r\nThe whisperer…talker…prolific can kicker Mario Draghi delivers what he first talked about last May 2014. It has taken him since then to calm the waters for the Germans to get on board the ship to the Printing Press Island. The markets loved it; the EUR/USD crashed over 500 pips inside 24 hours. Draghi was rumoured to have been seen relaxing smoking a cigar, with a glass of claret in his hand on a park bench at an unnamed park location in Brussels. I cannot however, confirm or deny the status of the leggy blonde pouring the wine.\r\n\r\n&nbsp;\r\n\r\nSo there we have it so far 6 of the 8 flutes have spoken. Just two left to go - the RBNZ and RBA.\r\n\r\nWell actually, both central banks have already shown their hands. But, I am wondering following the surprise rate cut from the BOC does this change things moving forward for the Central banks down-under.\r\n<ol start=\"7\">\r\n	<li>RBA:</li>\r\n</ol>\r\nGovernor Glenn Stevens indicated at a fairly recent press hoedown that the policy of the RBA was looking to the AUD/USD exchange rate at around 0.7500. We are on the way there and I think maybe even lower.\r\n<ol start=\"8\">\r\n	<li>RBNZ:</li>\r\n</ol>\r\nThree months ago John Key, the Prime Minister of New Zealand, an ex Forex man, actually stated in public that he wanted to see the over-valued Kiwi dollar at 0.6500 against the greenback.\r\n\r\nThere is an issue though, Graeme Stevens the RBNZ Bank Governor, has a problem with his words and actions.\r\n\r\nHe has over 2014, often remarked about how over-valued the NZD is and that the NZD/USD exchange rate is too high. He says this and then increases the RBNZ cash rate, which as we know, only sends the currency higher - NOT lower.\r\nLeaving the above comments to one side, the BOC rate cut was a total surprise. It was out of the blue. Why did Poloz feel that he had to do this?\r\n\r\nObviously the price of Oil would concern the BOC. The drop in oil prices on an oil-based economy is bound to have an effect.\r\n\r\nLet me take it a step further, commodity prices are dropping like crazy all over, all categories, therefore does it not mean that commodity based economies instead of being higher interest rate based economies may be looking to cut to compensate and try to keep their local economies moving.\r\n\r\nThe RBA, RBNZ and NB (Norges Bank – Norwegian Central Bank) being the key commodity economies along with the BOC…must also be looking at future policy decisions. The RBNZ was in particular looking to be having at least two rate increases this year. I would say that following the SNB, BOE, BOC and ECB news and policy statements that any RBNZ rate increases are shelved.\r\n\r\nTherefore, this weeks RBNZ announcement on Wednesday will be read backwards and forwards to ascertain monetary policy changes.\r\n\r\nFor my blog, I wrote several weeks ago; 22<sup>nd</sup> November 2014 “It’s A Race To The Bottom” – those were my fundamental views and thoughts at that time… they are ringing true at the moment.\r\n\r\nThe bottom line is that foreign exchange rates are critical for exporting, promoting any business programs, growth, productivity, employment etc etc….. With this in mind, every country wants to have the edge, the advantage over another country and therefore the lower the local currency the better.\r\n\r\nIt is a race to the bottom, and it isn’t over yet.\r\n\r\nThe FED is the only HAWK Central Bank at the moment…\r\n(but will NOT announce approximate time for first rate increase)\r\nThe BOJ, ECB, BOE, SNB, BOC and RBA and RBNZ are all DOVES…\r\n\r\nIn 60 minutes this Wednesday, we have both the FED and RBNZ statements. There is potential for real fireworks.\r\n\r\nCan you imagine, if the FED says roughly when rate increases are going to occur and then the RBNZ cuts rates and announces further cuts in 2015-6?\r\n\r\nVery, very interesting times ahead.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nOne of the key attributes of being a Forex trader is accepting that you are going to take losses. But more important than that, it is how you fight back. In the past week, I have tried to pick myself up after the SNB day. I am still $$$$ down and one of my broker accounts looks sick. But I have fought back; remember as a trader it is YOU versus the WORLD.\r\n\r\nThe PREMIUM SERVICE shows a profit on single lot trades but as I trade more than this, my $$$ value in my own accounts are not yet back in the black. However, as I say, and many of you are single-lot traders, if you just trade the published single lot trades you would be positive in your broker accounts.\r\n\r\nThe PREMIUM SERVICE added 17 trades this week, the profit /loss ratio has increased to 75%-25%. Last weeks overall pip loss has now been turned into a small pip profit… a real nice reversal. We are heading in the right direction after Mr. Jordan did his best last week when he let loose the cat amongst the pigeons.\r\n\r\nI feel confident enough to state that as the major announcements like SNB, BOC, BOE, ECB QE and the next FED meeting fall further behind us it becomes easier to set trades as central bank policy is set. It gives us an excellent backdrop from which to trade moving forward.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – THE PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\"><img class=\"aligncenter size-full wp-image-5174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITLOSS-25012015.png\" alt=\"PREM SERV PROFIT:LOSS 25012015\" width=\"402\" height=\"579\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – THE PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – THE PREMIUM SERVICE TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\"><img class=\"aligncenter size-full wp-image-5176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT1-25012015.png\" alt=\"PREM SERV PROFIT1 25012015\" width=\"452\" height=\"428\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\"><img class=\"aligncenter size-full wp-image-5177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFIT2-25012015.png\" alt=\"PREM SERV PROFIT2 25012015\" width=\"459\" height=\"417\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span>\r\n\r\n<strong>THE PREMIUM SERVICE\r\n</strong><strong>(The Home of Single-Lot Trading)</strong>\r\n\r\n<strong>FOR JANUARY and FEBRUARY 2015\r\n</strong><strong>ONLY\r\n</strong><strong>THE PREMIUM SERVICE\r\n</strong><strong>Offers a\r\n</strong><strong>“BONUS WEEKS”\r\n</strong><strong>LIMITED TIME PROMOTION:</strong>\r\n\r\nKeeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.\r\n\r\nIf you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.\r\n\r\nThis is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)\r\n\r\nThe promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.\r\n\r\nIf you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.\r\n\r\nConversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.\r\n\r\nThe choice is yours.\r\n\r\nThis promotion with my associated trading partners will expire of Saturday 28th\r\n\r\nFebruary 2015…it is really very limited: -\r\n<ol>\r\n	<li>Subscribe to the PREMIUM SERVICE:</li>\r\n</ol>\r\nYou will need to go to the welcome page of my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nClick on the sign-up tab at the top of the page.\r\n\r\n2015 PREMIUM SERVICE SUBSCRIPTION RATES\r\n\r\n10 weeks = $200.00\r\n20 weeks = $350.00\r\n40 weeks = $500.00 (full year / annual subscription)\r\n\r\nNOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times. Hence, 40 weeks is equal to an annual subscription.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</li>\r\n</ol>\r\nThis will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.\r\n\r\nFor Blackwell Global advise me of what you are doing and I will guide you through the process.\r\n\r\nAll the banners are on the welcome page of my website\r\n\r\nwww.weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</li>\r\n</ol>\r\nOnce the LIVE trading account is confirmed and funded, I will extended\r\n\r\nPREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a>: -\r\n\r\n10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)\r\nYour subscription would be equivalent to $13.33 per week.\r\n\r\n20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)\r\nYour subscription would be equivalent to $11.66 per week.\r\n\r\n40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)\r\nYour subscription would be equivalent to $8.33 per week.\r\n\r\nThis promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.\r\n\r\nIt would hopefully be the start of a very profitable relationship together.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</li>\r\n</ol>\r\nOnly broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.\r\n\r\nFor the “BONUS WEEKS PROMOTION” in subscription weeks to the\r\n\r\nPREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.\r\n\r\nThis PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com\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>\r\n\r\n<strong>IDEAS THAT MAYBE YOU SHOULD ADD TO YOUR FOREX TRADING RESOLUTIONS</strong>\r\n\r\nMany of you would have already begun the year with trading resolutions in mind.\r\nFor those who haven’t adopted any yet, it’s not too late!\r\n\r\nBelow are some suggestions that you may find useful.<strong> </strong>\r\n<ol>\r\n	<li><strong> HAVE A REGULAR TRADING REVIEW:</strong></li>\r\n</ol>\r\nMake it a habit to review your trading. What’s great about this resolution is that you can start immediately. The start of the year is the perfect time to look back on your past trading performance.\r\n\r\nIt’s important to be completely honest with yourself when assessing your performance. Ask yourself questions such as:\r\n<ul>\r\n	<li>What are my trading strengths?</li>\r\n	<li>What are my trading weaknesses?</li>\r\n	<li>Was I able to stick to my trading plan?</li>\r\n	<li>Have I achieved my past trading goals?</li>\r\n	<li>What are my new trading goals?</li>\r\n</ul>\r\nKeep in mind, to really get the most out of trading reviews; they must be conducted regularly and frequently. For this purpose, I recommend keeping a trade journal.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><strong> BELIEVE IN YOURSELF:</strong></li>\r\n</ol>\r\nHaving a positive mindset can go a long way in helping you develop and grow as a trader. In fact, a whole new branch of psychology has emerged based on positive thinking.\r\n\r\nThis new area, called “positive psychology”, focuses on helping people achieve their full potential. It is very different from traditional psychology where the focus is curing mental illness.\r\n\r\nSo no matter what your bottom line looked like at the end of last year, remember that you are starting the year off with a clean slate. Take advantage of this and the additional experience and insight that you have earned from the past year. They will allow you to learn and work better, which can possibly lead to consistent profits.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> LEARN SOMETHING NEW:</strong></li>\r\n</ol>\r\nWhile it is all well and good to stick to a trading system that works, it’s also good for traders to learn new tricks. Read a book, follow a trader blogger with a different trading style, or read up on other trading strategies. Checking out the popular trading forums is a good place to start if you are looking for new trading books and strategies.\r\n\r\nWhat’s important is that you expand your trading skill set. Remember to be a successful trader you must constantly learn, adapt, and improve. You never know when the market environment will call for new trading methods.\r\n\r\nTo help with your resolutions, I recommend treating them as DAILY resolutions instead of yearly ones. It can be difficult creating and keeping this habit, but if you start with small changes and build on them as time goes on, you will be surprised at how achievable your goals are.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\"><img class=\"aligncenter size-full wp-image-5183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-LIVE-TRADES-25012015.png\" alt=\"PREM SERV - LIVE TRADES 25012015\" width=\"709\" height=\"487\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nThe current list of LIMIT ORDER trades are highlighted on the spreadsheet below.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\"><img class=\"aligncenter size-full wp-image-5184\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRADES-ON-MY-RADAR-25012015.png\" alt=\"PREM SERV - TRADES ON MY RADAR 25012015\" width=\"708\" height=\"399\" /></a>\r\n\r\nYou will see several set-ups, without Trade reference numbers allocated. These trades have not yet been placed with my brokers and they are my ideas ready to be placed later this evening, subject to the market conditions. When they are placed I will advise by Email and Twitter. I have included charts with basic data displayed on the charts. The charts are very clear this week, some of you prefer as little data as possible. This week I am able to do this as we are very trending at the moment and most entries that interest me are pullbacks. These are at horizontal points and not all are fibonacci based.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5192\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/AUDUSD-60-MINUTE-25012015-1024x534.png\" alt=\"AUDUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5190\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURUSD-60-MINUTE-25012015-1024x534.png\" alt=\"EURUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5188\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-60-MINUTE-25012015-1024x534.png\" alt=\"GBPUSD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5187\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-25012015-1024x534.png\" alt=\"NZDUSD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015.png\"><img class=\"aligncenter size-large wp-image-5186\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-60-MINUTE-25012015-1024x534.png\" alt=\"USDCAD 60 MINUTE 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5191\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/EURGBP-MONTHLY-25012015-1024x534.png\" alt=\"EURGBP MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015.png\"><img class=\"aligncenter size-large wp-image-5189\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPAUD-MONTHLY-25012015-1024x534.png\" alt=\"GBPAUD MONTHLY 25012015\" width=\"1024\" height=\"534\" /></a>\r\n\r\nLooking forward, I think that we are entering a new era of Central Bank influences. Fundamentally, I believe that now is the time to look longer term at two pairs in particular - GBP/AUD and GBP/NZD. EUR related pairs will I fear always be under pressure, however central bank changes in particular with the RBA and RBNZ may be on the cards. If these bodies cut rates or state no rate hikes for 2015, I think their currencies will waterfall down to the exchange rate target values they want and perhaps beyond. The result will be that the GBP related crosses should bounce like “pop tarts” out of a toaster.\r\n\r\nI will be entering both of these pairs (GBP/AUD and GBP/NZD) this week with small positions looking to add on several occasions if possible.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\"><img class=\"aligncenter size-full wp-image-5185\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-TRENDING-PAIRS-25012015.png\" alt=\"PREM SERV TRENDING PAIRS 25012015\" width=\"400\" height=\"510\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.1205.</strong> Later today we have Greek parliamentary election results. I am of the opinion that should the opposition Syriza party win a majority there will be eyebrows raised. Politically, they are Austerity opposed and questions over Greece remaining members of the single- currency will be asked. This uncertainty will affect the EUR/USD exchange rate initially. Should exit murmurs become louder I can see a EUR/USD bounce. I think that it would be prudent to keep clear of the EUR/USD tempting as it is until we see clarity on the Greek situation. Support is at 1.1135 and resistance at 1.1290.\r\n\r\n<strong>GBP/USD: Closing Price 1.4984</strong>. We end the week below 1.5000. As long as the EUR/USD looks bearish so will the GBP/USD. Having said that, of all the Forex pairs the cable is the one that normally kicks me in the teeth and reverses just when I think that it is going in the direction that I want. I feel it’s bearish, but I am always looking over my shoulder with this pair. Support is at 1.4950 and resistance at 1.5030.\r\n\r\n<strong>AUD/USD: Closing Price 0.7905</strong>. We end the week at the lows. After the surprise rate cut by the BOC last week, the actions by the RBA will come into view perhaps a great deal more seriously than in the past. I think rate cuts are on the cards for the RBA in 2015. Commodity prices are on the floor and the RBA themselves have stated that they see the AUD/USD fair exchange rate around 0.7500. Following the SNB, ECB and BOC, I would bet the RBA have revised their exchange rate lower than 0.7500, perhaps even to 0.7000. That is all in the future, for now support we are it at 0.7880, with resistance is at 0.8050.\r\n\r\n<strong>NZD/USD: Closing Price 0.7452</strong>. We are in the throws of starting a measured move from a double top pattern. The measured move takes this pair to 0.6000. This is below the John Key (NZ Prime Minister) target of 0.6500. Game on. This pair has finally established a bearish pattern again after being range bound since last October. Support is at 0.7430 and resistance at 0.7515\r\n\r\n<strong>USD/CAD: Closing Price 1.2424.</strong> This pair is in a very bullish trend. I took profits off the table last Friday after strong CAD data. I am now looking to re-enter long. The rate cut, with the chance of more from the BOC plus the continued pressure on oil prices looks to be sending this pair much higher. Support is at 1.2385 and resistance at 1.2450.\r\n\r\n<strong>USD/CHF: Closing Price 0.88817</strong>. This pair has gone off my radar after a brief period of time following SNB Day. Support is at 0.8670 and resistance at 0.8830 looks like being significant given the trend following the SNB announcement.\r\n\r\n<strong>USD/JPY: Closing Price 117.75. </strong> The JPY is rangey and prime for a big move. I think that we are going to head lower with divergence appearing between the European bourses and those in the U.S. and Japan. The European bourses following ECB QE will be very bullish and in-flows should increase to take advantage at the expense of Japan and the U.S. How long this last lasts for is not predictable, but as long as it does the USD/JPY will be pressured. I see 117.00 as key support and 119.00 as resistance.\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 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.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: EUR – Greek Parliamentary Elections.\r\n\r\nMONDAY: AUD – NAB Business Confidence\r\n\r\nTUESDAY: AUD - CPi.\r\n\r\nWEDNESDAY: USD – FOMC Monetary Policy Statement.\r\nWEDNESDAY: NZD – RBNZ Monetary Policy Statement / Interest Rate.\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: AUD - PPi.\r\n\r\nFRIDAY: EUR – Eurozone Flash CPi Estimates.\r\nFRIDAY: CAD - GDP.\r\nFRIDAY: USD – Advance GDP.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nIt has been a testing two weeks trading the Forex markets.\r\n\r\nThis week we have two major news events, the FED statement and the RBNZ statement, both on Wednesday.\r\n\r\nThese will offer volatility and what I stated last week still stands for this coming week.\r\n\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 January 25<sup>th</sup> 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;\">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.','FED-BOJ-SNB-BOE-BOC-ECB...and next it’s the RBNZ','','inherit','open','closed','','5194-revision-v1','','','2015-01-25 06:24:37','2015-01-25 11:24:37','',5194,'https://weeklyfxdrivethru.com/5194-revision-v1/',0,'revision','',0),(5208,1,'2015-01-25 06:42:00','2015-01-25 11:42:00','<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/2015/01/PREM-SERV-RISK-REWARD-25012015.png\"><img class=\"aligncenter size-full wp-image-5175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-RISK-REWARD-25012015.png\" alt=\"PREM SERV RISK-REWARD 25012015\" width=\"432\" height=\"539\" /></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','','','2015-01-25 06:42:00','2015-01-25 11:42:00','',5006,'https://weeklyfxdrivethru.com/5006-revision-v1/',0,'revision','',0),(5209,1,'2015-01-25 06:43:12','2015-01-25 11:43:12','<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/2014/12/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&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','','','2015-01-25 06:43:12','2015-01-25 11:43:12','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(5234,1,'2015-01-31 12:53:43','2015-01-31 17:53:43','','MY APPROACH ON POSITION SIZING','','inherit','open','closed','','my-approach-on-position-sizing-2','','','2015-01-31 12:56:23','2015-01-31 17:56:23','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/MY-APPROACH-ON-POSITION-SIZING.pdf',0,'attachment','application/pdf',0),(5235,1,'2015-01-31 12:59:29','2015-01-31 17:59:29','<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&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','','','2015-01-31 12:59:29','2015-01-31 17:59:29','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(5237,1,'2015-02-01 03:43:27','2015-02-01 08:43:27','<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: 01.02.2015\r\nREFERENCE: #45\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\nWhat a fascinating week of trading. It was probably, one of my most successful weeks in recent times.\r\n\r\nGiven all the shenanigans of the month: - the surprise SNB EUR/CHF peg removal, the ECB with the Draghi QE announcement, the BOC surprise rate cut, the FED remaining vague and patient, and finally, the RBNZ change in monetary policy to being more accommodative “Dovish”. The big news events last month were in fact “mega” news events, whether they were planned or not. To have these types of news event, the likes of which, we may only see once in a lifetime, and, and to have them all in the same month (plus some surprises), certainly raised not just eyebrows but stress levels as well.\r\n\r\nThe fallout from the SNB continues to roll on, there are now reports surfacing about how much individual brokers lost, plus who is forgiving and who is not forgiving negative balances. I am still waiting on FXCM to advise me what is happening with my loss.\r\n\r\nMoving on, the big news events this week are: -\r\n<ul>\r\n	<li>RBA Interest Rate Statement</li>\r\n	<li>RBNZ Governor Graeme Wheeler</li>\r\n	<li>PMi Data from China, UK, Canada and U.S.</li>\r\n	<li>AUD, CAD and U.S. Trade Balances.</li>\r\n	<li>CAD, NZD and U.S. Employment Data including Non-Farm Payrolls.</li>\r\n</ul>\r\nSo…. It is a very big FX week, and, we should expect a surprise, maybe not a rate cut but maybe a more “Dovish” statement from RBA Governor Glenn Stevens.\r\n\r\nThe “D” word, to you and me “DEFLATION” is now being quoted more often than the wimpish EUROZONE and Ben Bernanke’s “D” word - “DIS-INFLATION” version, so the PMi and Trade Balance numbers will be very closely watched. Literally, every day this week brings us something to trade around.\r\n\r\nThe markets are very skittish at the moment, the U.S. indices that lead the world are moving very strangely and look to be at levels that are prime for a pullback, but I have been saying that for about two years to no avail… One time I will be right….\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<strong>COMMODITY CURRENCIES SHOULD BE THE FOCUS OF YOUR FX TRADING AT THE MOMENT</strong>\r\n\r\nOver the past week or so it has become increasingly obvious that commodity currencies and in particular the commodity cross rates have been very much the flavour of making $$$ out of the Forex market.\r\n\r\nAll of the fall-out with the USD following the SNB and the ECB has meant that the DXY is testing major resistance levels and as a result the USD has tended to consolidate its recent moves. The EUR/USD had a monumental move lower on the back of ECB announcement of its QE program. Thus, the move in the USD took on an overbought picture and we need to allow time for consolidation before the recent DXY highs are re-tested.\r\n\r\nThe commodity currencies, AUD, NZD and CAD have whilst all the attention has been focused on the EUR/USD, weakened quite dramatically.\r\n\r\nAs you are probably aware there is a worldwide sell-off of commodities in general and therefore it stands to reason that the commodity currencies would be affected.\r\n\r\nInitially our focus was on OIL. The USD/CAD broke out to the long side on the back of Oil weakness. There is a glut of supply over demand, which, is usually enough to drive a market but we have to add into this market the fact that it is full of hedge fund speculators (this is a news event on the horizon with losses) that quite frankly distort all parameters. Moving on…. This created the leap higher like a “pop-tart from your toaster” and the USD/CAD, looks like it is relentlessly heading towards 1.3000. Where is OIL going to find a bottom, probably sub $40.00, before it sees some support and value. The Canadian economy is not 100% reliant on Oil. It is not a 100% Oil based economy although it is hugely important, so much so that combined with the commodity sell-off it was enough to cause Stephen Poloz, Governor of the Bank of Canada, sufficient concern to cut the BOC overnight rate by 0.25%. This action further weakened the Canadian currency.\r\n\r\nThe knock on effect, Graeme Wheeler at the RBNZ took a more dovish stance in his recent monetary policy statement and the RBA meets this week, so all eyes will be on governor, Glenn Stevens to see what he does. Rumored rate cuts have been denied. But I strongly suspect a greater more accommodative statement at the very least this Tuesday (EDT).\r\n\r\nIt all leans towards a direction that we can trade. If you only trade the USD majors with the Central banks giving direction from the monetary policy statements, go with the flow.\r\n<p style=\"text-align: center;\">NZD/USD and AUD/USD – short\r\nUSD/CAD - long</p>\r\nI have written extensively over the past 12 months about the effects of the Central Banks on the Forex Market (I wrote a huge piece last week on this subject).\r\n\r\nIf you are a trader that doesn’t mind a little more risk and greater volatility, you can also look at trading the commodity currency cross-rates.\r\n<p style=\"text-align: center;\">EUR/AUD, GBP/AUD, EUR/NZD, GBP/NZD, EUR/CAD and GBP/CAD</p>\r\nThere are more pairs involving the AUD and CHF, but the ones above are the main ones. Moves with these pairs have been particularly strong to the upside, as the commodity currencies have weakened. Personally, through the PREMIUM SERVICE I have been trading mainly the GBP related pairs due to the on-going EUROZONE situation casting a cloud over my desire to trade the EUR anything to the long side.\r\n\r\nFor the foreseeable future commodity pairs and commodity crosses should be, in my opinion, the cornerstone, of your Forex trading strategy.\r\n\r\n(In using the word cornerstone, I realize this was used by the SNB 48 hours prior to the peg removal, when confirming to the media “the EUR/CHF Peg was the cornerstone of the SNB monetary policy”….it is a great word!!!)\r\n\r\nThe commodity crosses are rallying when equities are consolidating and moving upwards. Can you just imagine what would happen if equities start to pullback?\r\n\r\nI took time out the other day for an hour or so and caught some CNBC, which has extensive coverage of the current earnings season. This will have a direct impact on the equity markets.\r\n\r\nHere’s what is rolling around in my brain right now... this minute: - My God with 30 seconds of watching CNBC I was on the roof checking the tiles/shingles…\r\n\r\nI heard so many companies lay the blame for poor quarterly earnings on the strength of the USD.\r\n\r\nLet me just think….\r\n<ul>\r\n	<li>When the USD was weaker, there was no mention of the opposite tailwinds that a weaker USD offered … it was just like, “we are just brilliant managers in these desperate times”</li>\r\n	<li>After the 2008-9 crash, U.S. companies to stay afloat, bolted down, cut out jobs to improve costs as demand for goods decreased so that they could continue to supply Wall Street with good earnings.</li>\r\n	<li>As the economy improved, U.S. companies did not hire extra staff to cope with increased volumes… they kept wages low and they banked the extra cash that was generated.</li>\r\n	<li>To satisfy Wall Street, using the cash on the balance sheet they started to buy back shares to improve the EPS (Earnings Per Share ratio) to satisfy investors and the Wall Street analysts. The analysts on Wall Street are generally so poor that no one ever really challenged the fact that the balance sheet top line of “Sales Income” hardly moved higher or in fact actually decreased. The EPS measurement was great though!!</li>\r\n	<li>Last year the ever-supportive FED announced Tapering; QE would be brought to completion. The liquidity (printing presses) would be reduced month by month until zero and then the policy of low interest rates would change to a policy of raising interest rates. This meant a weak USD would, because of a change to increasing interest rates, become a strong USD. This was well advertised over 12 months ago.</li>\r\n	<li>Oil has sold off by more than 50% of its early 2014 price per barrel. This effectively gives consumers an instant tax cut as the savings are there every time a fuel tank is filled. Businesses also benefit from lower Oil prices through lower production and transportation costs. Oil is directly linked to the USD as Oil is priced in dollars. As OIL decreases this helps strengthen the USD.</li>\r\n</ul>\r\nMy thoughts now….\r\n<ul>\r\n	<li>The U.S. companies reporting weak earnings have in my opinion, been guilty of burying their heads in the sand. It is basic, pure and simple poor management.</li>\r\n	<li>All of the above has been known about or started over a year ago. To use a strong USD as an excuse is pathetic. Yes it has an effect, but my God these people are paid to manage; in many cases they are just not good enough.</li>\r\n	<li>Wages have not been increasing, the U.S. unemployment data accuracy is questionable, and there is little inflation in the world, more like DEFLATION.</li>\r\n	<li>Commodity prices are continually heading lower; no one is buying finished goods, so why produce them? So commodity prices drop even more. It is a vicious circle.</li>\r\n	<li>Consumers obviously do not feel confident to buy. It would appear that they are saving or paying down debt when the opportunity arises.</li>\r\n	<li>The last set of U.S. data for retail sales was weak… It was the biggest sales quarter and it was poor data.</li>\r\n</ul>\r\nAll of the above, business incompetence included leads to weaker commodities and weaker commodity currencies.\r\n\r\nEventually, the equity markets will smell the coffee. I do not have much faith in most U.S. businesses, as they appear to be as dysfunctional as Washington at times. They just want the FED to support them forever… infinity. What gets the U.S. economy moving in all forward gears is enough for another blog.\r\n\r\nI have written so many times in the past, its all about commodities, commodities drive the markets and everything else follows, there may be a lag but the rest eventually follows.\r\n\r\nEquities are at the precipice once again, should they rollover, in my opinion the commodity currencies are the trades to look at.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nLast week was for the PREMIUM SERVICE a great week. What began as a difficult month turned out to be a great month when all the statistics were collated? I wrote last week, that following events such as SNB Day, if you lost money, it’s all about the way you pick yourself up and move forward. As mentioned earlier, the commodity currencies and commodity cross-rate pairs saved the month.\r\n\r\nIf you look at the currency moves for the past month, using only the relationships between the G7 basket of currencies the CHF obviously on the back of SNB action was the strongest mover in January.\r\n\r\nCHF    +75.56% - power of the SNB EUR/CHF Peg removal.\r\n\r\nJPY     +32.55%\r\n\r\nUSD   +21.06% - FED policy / oil / help from ECB.\r\n\r\nGBP    -3.89%\r\n\r\nAUD    -16.49% - Commodity sell-off / China fears.\r\n\r\nEUR   -29.10% - ECB QE policy announcement.\r\n\r\nNZD    -33.79% - RBNZ more dovish stance / commodity sell-off / China fears.\r\n\r\nCAD    -45.90% - weaker Oil / commodity sell off / BOC rate cut dovish stance.\r\n\r\n(Source: Forex Live)\r\n\r\nThe PREMIUM SERVICE closed on 51 trades during the month of January 2015. 40 of those trades were profitable (78%) and 11 were loss-producing trades (22%).\r\n\r\nThe major aspect of trading that stands out, is that overall I never made a profit from my RADAR TRADES. The reason being trades from SNB day, created substantial pip losses from which I was never able to fully recover from.\r\n\r\nI also cancelled more trades than ever last month, due to the increasing market volatility, which caused me huge issues at times, as I did not want to post potential higher risk trades to PREMIUM SERVICE subscribers.\r\n\r\n<strong>Total pips generated in profitable trades this month: - 1,813 pips.</strong>\r\n\r\nThe income from trades was as follows: -\r\n\r\n<strong>MICRO LOT TRADERS:                 51 trades cost $5.10 = return of $181.30.</strong>\r\n<strong> MINI LOT TRADERS:                      51 trades cost $51.00 = return of $1,813.00.</strong>\r\n<strong>STANDARD LOT TRADERS:         51 trades cost $510.00 = return of $18,130.00.           </strong>\r\n\r\nWhilst these numbers represent a great return, they do not tell the full story. Position Sizing is a major consideration in volatile trading conditions.\r\n\r\nIt was in January easier to generate the pips than it was to bank the cash due to RISK MANAGEMENT. Compromise on POSITION SIZING was the order of the day to MANAGE RISK properly. Yes, you could make a return but the size of your broker account determined the return you could make due to RISK MANAGEMENT.\r\n\r\nLet me elaborate a little further….\r\n\r\nIn January to keep “TRADES ALIVE” stop loss levels were a little wider than usual. Last year ATR’s (Average True Ranges) in may pairs shrank and a typical stop was set maybe 40-50 pips away from the entry level.\r\n\r\nWhen suggesting trades this year, the ranges have increased a little as the volatility has also increased. This has meant that pivots and Fibonacci levels have been a little wider.\r\n\r\nThis is exacerbated with the exotic pairs, which were more volatile anyway because they see less flow and are more illiquid. This means that a previous 400 pip stop on a longer-term exotic pair may now be 500-600 pips and wider if I see the trade as a FUNDAMENTAL TRADE set-up. The wider the stop, the greater the risk, to me says take a smaller position size. When trading exotics I would always recommend taking at least only 25% of what you would usually trade as your maximum position size anyway.\r\n\r\nThe mix of trade-set ups is also interesting between USD majors and the rest.\r\n\r\nThe bottom line is that for most traders unless you manage your position sizes correctly you are limited to the number of live trades that you should take on board using RISK EXPOSURE.\r\n\r\nLet me provide an example based on a STANDARD LOT trader with a typical $100,000.00 balance in his broker account. To keep this simple I am only looking at the position of the STOP in number of pips away from the entry level.\r\n\r\nTRADE SET-UPS suggested from the PREMIUM SERVICE:\r\n(All trades are assumed to be single lot trades at a value of $10.00 each trade)\r\n(My trade limit RISK per trade is 0.5%)\r\n(Total “LIVE” RISK should be no more than 3%)\r\n<ol>\r\n	<li>EUR/USD: Entry at 1.1360 Stop at 1.1450 – RISK = 90 x $10 - $900.00</li>\r\n	<li>EUR/GBP: Entry at 0.7550 Stop at 0.7620 – RISK = 65 x $10 - $650.00</li>\r\n	<li>NZD/USD: Entry at 0.7295 Stop at 0.7340 – RISK = 45 X $10 - $450.00</li>\r\n	<li>GBP/AUD: Entry at 1.8700 Stop at 1.8340 – RISK = 360 x $10 = $3,600.00</li>\r\n	<li>GBP/CAD: Entry at 1.8730 Stop at 1.8250 – RISK = 480 x $10 = $4,800.00</li>\r\n	<li>GBP/NZD: Entry at 2.0540 Stop at 1.9850 – RISK = 690 x $10 = $6,900.00\r\n(At one stage in January the PREMIUM SERVICE was LIVE with 9 trades)</li>\r\n</ol>\r\nAs the above trades stand – in order to trade them all with 1 x STANDARD LOT the risk on entering the trades totals $ 17,300.00, which is 17% of your trading account. Quite frankly, if anyone trades this way they deserve all that the market dishes out. The maximum RISK on a $100,000.00 broker account in my opinion should not be more than 3%, which is $3,000 and this should be limited to 0.5% per trade.\r\n\r\nThe easy calculation to do is as follows (this can be drilled down to all sizes of accounts): -\r\n\r\n$100,000.00 in your trading account 0.5% = $500.00 maximum risk per trade.\r\n$100,000.00 in your trading account 3.0% total risk = $3,000.00. Therefore it is six trades maximum at $500 risk per trade. This is the simplest way, in my opinion to trade.\r\n\r\nTherefore, as you can see even with a $100,000.00 Forex broker trading account, from my RISK PER TRADE standards within my TRADING PLAN, I could not have traded all the LIVE TRADES at once via STANDARD LOTS. A mixture of STANDARD and MINI lot trading was required. Only accounts with a minimum of at least $600,000.00 in my opinion could have traded the 1 x STANDARD LOT approach.\r\n\r\nYou have to be flexible, there are articles in the EDUCATION section of the PREMIUM SERVICE website for subscribers that refer to POSITION SIZING. This year so far trading ranges and stop placements are wider than 2014, it is different, but the principles are the same.\r\n\r\nAs I have written in the past, if you approach each trade based on the RISK, there is money to be made in the Forex Market.\r\n\r\nPOSITION SIZING is absolutely critical your success. Failure here will blow your accounts apart.\r\n\r\nAs a subscriber to the PREMIUM SERVICE you can make money from the Forex Market but you have to be disciplined.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-PROFIT-LOSS-RATIOS-JAN15.png\"><img class=\"aligncenter size-full wp-image-5214\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-PROFIT-LOSS-RATIOS-JAN15.png\" alt=\"PS PROFIT-LOSS RATIOS JAN15\" width=\"414\" height=\"584\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5215\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-JAN15.png\" alt=\"PS RISK-REWARD JAN15\" width=\"418\" height=\"546\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – FLASH TRADES: TRADE BY TRADE (JANUARY 2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5216\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH1-JAN15.png\" alt=\"FLASH1 JAN15\" width=\"497\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5217\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH2-JAN15.png\" alt=\"FLASH2 JAN15\" width=\"520\" height=\"490\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5218\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH-YTD-JAN15.png\" alt=\"FLASH YTD JAN15\" width=\"338\" height=\"386\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – RADAR TRADES: TRADE BY TRADE (JANUARY 2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5219\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR1-JAN15.png\" alt=\"RADAR1 JAN15\" width=\"553\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5220\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR2-JAN15.png\" alt=\"RADAR2 JAN15\" width=\"548\" height=\"488\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5221\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR-YTD-JAN15.png\" alt=\"RADAR YTD JAN15\" width=\"353\" height=\"386\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.5. – FUNDAMENTAL TRADES: TRADE BY TRADE (JANUARY 2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-JAN15.png\"><img class=\"aligncenter size-full wp-image-5222\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-JAN15.png\" alt=\"FUNDAMENTAL JAN15\" width=\"507\" height=\"520\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5223\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-YTD-JAN15.png\" alt=\"FUNDAMENTAL YTD JAN15\" width=\"363\" height=\"370\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.6. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5212\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-JAN15.png\" alt=\"PREM SERV PROFITS1 JAN15\" width=\"458\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5213\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS2-JAN15.png\" alt=\"PREM SERV PROFITS2 JAN15\" width=\"451\" height=\"428\" /></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:</span>\r\n\r\nI apologize; there is no article ready this week.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-01022015.png\"><img class=\"aligncenter size-full wp-image-5225\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-01022015.png\" alt=\"PS LIVE TRADES 01022015\" width=\"701\" height=\"479\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nOn Friday I cancelled all the outstanding LIMIT ORDERS as I was away from my desk in Ottawa for a meeting.\r\n\r\nThe excel spreadsheet below shows multiple trades based on the weeks closing prices looking at LIMIT ORDER entries this week. They do not have reference numbers yet as NONE of them are placed with my brokers yet. As soon as I have them placed, an email and twitter alert (with chart, where applicable) will be posted for you.\r\n\r\nI have already mentioned in this blog that I see commodity currencies and commodity crosses being the focus of FX trading moving forward. It should therefore come as no surprise that given the volume of high beta news events on the horizon this week commodity related pairs feature extensively.\r\n\r\nBelow the spreadsheet you will see a series of charts relating the trades in the spreadsheet. There are comments on the charts that will be repeated on the EMAIL ALERT that will be produced if I go ahead and suggest the trade be taken.\r\n\r\nMy initial thoughts are based around the following pairs:\r\n\r\nGBP/USD and NZD/USD to the short side.\r\n\r\nUSD/CAD, USD/CHF, GBP/CAD and GBP/NZD to the long side.\r\n\r\nI want to see what the RBA says on Monday before looking to the AUD/USD and GBP/AUD plus any other AUD related pairs.\r\n\r\nI am also looking at the AUD/JPY with more seriousness than usual. As you know, this pair basically correlates most of the time to the moves in the S &amp; P index. It has been divergent from time to time of late, and this has generally been the reason behind me NOT taking the JPY pairs serious. However, I do see that value in U.S. equities is becoming harder and harder to find and therefore, when a pullback happens this pair should fall in line again with the S &amp; P and a short side trade would be FUNDAMENTALLY perfect. Should Glenn Stevens become more accommodative and dovish tomorrow night (EDT) when the RBA statement is released, this will cement this short side trade even further.\r\n\r\nAdditionally, I am looking at the NOK. I know many of you find the “Nordic” currencies painful to trade, as they are low pip value and very fast movers. But the NOK and MXN against the USD could be nice long trades if oil drops below $40. A leg lower next week with oil prices and these pairs could offer a nice quick return.\r\n\r\nI am still very bearish and hold EUR/USD and EUR/GBP short trades. I will add to these trades should we head lower towards the recent trend lows. I am conscious of bounces with the single currency; there are so many factors that can cause this which are mainly driven by the personalities involved in the EUROZONE and not the economic data. In the main the economic data is still concerning. Mild data looks to be bouncing on the bottom but the biggie is still DEFLATION. I have been harping on about this for months and feck all has really been done apart from jawboning.\r\n\r\nDEFLATION is a worldwide concern, especially USA, EUROZONE and JAPAN. FUNDAMENTALLY; GOLD should be on its knees begging for mercy at $700.00 or so. It is being bought up; to prop up the industry but this cannot continue forever. GOLD should be lower, based on FUNDAMENTALS, which should keep the USD strong. At some stage and I believe sooner rather than later a “SNB” event with GOLD is going to happen. This event will re-balance the whole financial services market, as we know it. It will make “SNB Day” look like a stroll in the park. Hence, the reason that GOLD is being so heavily supported…. in my opinion! From a trading perspective though, this FUNDAMENTALLY keeps me long the USD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-MY-RADAR-01022015.png\"><img class=\"aligncenter size-full wp-image-5227\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-MY-RADAR-01022015.png\" alt=\"PS TRADES ON MY RADAR 01022015\" width=\"707\" height=\"399\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-240M-01022015.png\"><img class=\"aligncenter size-large wp-image-5231\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-240M-01022015-1024x479.png\" alt=\"GBPUSD 240M 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5230\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-01022015-1024x479.png\" alt=\"NZDUSD MONTHLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-240-M-01022015.png\"><img class=\"aligncenter size-large wp-image-5229\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-240-M-01022015-1024x479.png\" alt=\"USDCAD 240 M 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCHF-60-MINUTE-02012015.png\"><img class=\"aligncenter size-large wp-image-5228\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCHF-60-MINUTE-02012015-1024x479.png\" alt=\"USDCHF 60 MINUTE 02012015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPCAD-MONTHLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5233\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPCAD-MONTHLY-01022015-1024x479.png\" alt=\"GBPCAD MONTHLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPNZD-WEEKLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5232\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPNZD-WEEKLY-01022015-1024x479.png\" alt=\"GBPNZD WEEKLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PS-TRENDING-PAIRS-01022015.png\"><img class=\"aligncenter size-full wp-image-5224\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRENDING-PAIRS-01022015.png\" alt=\"PS TRENDING PAIRS 01022015\" width=\"416\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)\r\n\r\n<strong>EUR/USD: Closing Price 1.1280.</strong> We have had a little bounce with the EUR/USD, which was expected after the huge sell-off. I have held a short position for a few days now expecting a return lower with the overall bearish trend. Once again on Friday last week, Greece was in the news about non- compliance / negotiation with Troika and on the back of this the EUR/USD came under pressure. Something is going on with Russia. Cyprus and Greece are very close, geographically, historically and population wise, the Russians were financially all over Cyprus…I get a connection / smell a rat. Support is 1.1250 initially and resistance is good at 1.1440.\r\n\r\n<strong>GBP/USD: Closing Price 1.5049</strong>. 1.5000 held again on Friday, this would appear to be the support level to break to head lower to 1.4950 and then 1.4870.Resistance is good at 1.5120. I am just not 100% certain which direction to trade the cable. Up until Friday last week it had been range bound trapped between 1.5000 and 1.5100, with attempts to break higher. This action was keeping all the GBP commodity crosses in play as the AUD and NZD currencies weakened. I want this to remain the case this week and beyond, in fact, I also want equities to rollover lower so that RISK OFF trades are back in vogue. My bias is shorting the cable in sympathy with the EUR. In addition some nice USD strength would also help my FUNDAMENTAL views.\r\n\r\n<strong>AUD/USD: Closing Price 0.7753</strong>. A nice drop of over 100 pips in the past 7 days trading, and, the fun continues as it is a big night tomorrow (Monday EDT) with the interest rate statement. There were rumours of a rate cut on the back of the BOC surprise rate cut last week. These have been denied, so it could be a jawboning exercise and a change in the vocabulary in the policy statement that has an effect on the AUD currency. I am expecting a hold on interest rate rises and a very compliant, dovish statement. We are trading in a nice trading range at the moment of 0.7720 to 0.7820.\r\n\r\n<strong>NZD/USD: Closing Price 0.7240</strong>. The RBNZ turned dovish last week. The double top pattern on the weekly chart is now in play and we are targeting lows in a measured move of around 0.6000. Happy days and drinks all round if this move plays out. The next support from existing levels is at 0.7230 then at 0.7070 and resistance is at 0.7310.\r\n\r\n<strong>USD/CAD: Closing Price 1.2729.</strong> This pair is in a very bullish trend. I think we are on our way to 1.3000. Support is at 1.2620 and resistance after 1.2700 is at 1.2790. As long as the price of oil remains heavy the CAD currency should weaken overall. Personally, I think that Oil will eventually find a bottom but I think that it will have to get to maybe the mid $30’s a barrel first.\r\n\r\n<strong>USD/CHF: Closing Price 0.9180</strong>. We are starting to see patterns and moves on the charts again. Many brokers have tightened up on trading CHF pairs, although there looks to be opportunities coming up. I am looking at 0.9160 offering some support and 0.9300 is the next resistance.\r\n\r\n<strong>USD/JPY: Closing Price 117.47. </strong> The JPY is still rangey and I still think prime for a big move. The range is 116.50 to 118.50.\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&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\n&nbsp;\r\n\r\nSUNDAY: CNY – HSBC Final Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Trade Balance.\r\n<span style=\"line-height: 1.5;\">MONDAY: AUD – RBA Rate Statement.</span>\r\n\r\nTUESDAY: GBP – Construction PMi.\r\n\r\nTUESDAY: NZD – Unemployment Data and GDT index.\r\nTUESDAY: NZD – RBNZ Governor Wheeler Speaks.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – IVEY PMi.\r\nWEDNESDAY: USD – ISM non-Manufacturing PMi.\r\nWEDNESDAY: AUD – Retail Sales.\r\n\r\nTHURSDAY: GBP – BOE Bank Rate and maybe a MPC Rate Statement.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement.\r\n\r\nFRIDAY: CAD – Unemployment Data.\r\nFRIDAY: USD – Non-Farm Employment Data and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis is a very big week on news.\r\n\r\nWhilst 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 February 1st 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;\">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.','COMMODITY CURRENCIES SHOULD BE THE FOCUS OF YOUR FX TRADING AT THE MOMENT','','publish','open','closed','','commodity-currencies-focus-fx-trading-moment','','','2015-02-01 03:43:27','2015-02-01 08:43:27','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=5237',0,'member_posts','',0),(5238,1,'2015-02-01 03:40:24','2015-02-01 08:40:24','<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: 01.02.2015\r\nREFERENCE: #45\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\nWhat a fascinating week of trading. It was probably, one of my most successful weeks in recent times.\r\n\r\nGiven all the shenanigans of the month: - the surprise SNB EUR/CHF peg removal, the ECB with the Draghi QE announcement, the BOC surprise rate cut, the FED remaining vague and patient, and finally, the RBNZ change in monetary policy to being more accommodative “Dovish”. The big news events last month were in fact “mega” news events, whether they were planned or not. To have these types of news event, the likes of which, we may only see once in a lifetime, and, and to have them all in the same month (plus some surprises), certainly raised not just eyebrows but stress levels as well.\r\n\r\nThe fallout from the SNB continues to roll on, there are now reports surfacing about how much individual brokers lost, plus who is forgiving and who is not forgiving negative balances. I am still waiting on FXCM to advise me what is happening with my loss.\r\n\r\nMoving on, the big news events this week are: -\r\n<ul>\r\n	<li>RBA Interest Rate Statement</li>\r\n	<li>RBNZ Governor Graeme Wheeler</li>\r\n	<li>PMi Data from China, UK, Canada and U.S.</li>\r\n	<li>AUD, CAD and U.S. Trade Balances.</li>\r\n	<li>CAD, NZD and U.S. Employment Data including Non-Farm Payrolls.</li>\r\n</ul>\r\nSo…. It is a very big FX week, and, we should expect a surprise, maybe not a rate cut but maybe a more “Dovish” statement from RBA Governor Glenn Stevens.\r\n\r\nThe “D” word, to you and me “DEFLATION” is now being quoted more often than the whimpish EUROZONE and Ben Bernanke’s “D” word - “DIS-INFLATION” version, so the PMi and Trade Balance numbers will be very closely watched. Literally, every day this week brings us something to trade around.\r\n\r\nThe markets are very skittish at the moment, the U.S. indices that lead the world are moving very strangely and look to be at levels that are prime for a pullback, but I have been saying that for about two years to no avail… One time I will be right….\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<strong>COMMODITY CURRENCIES SHOULD BE THE FOCUS OF YOUR FX TRADING AT THE MOMENT</strong>\r\n\r\nOver the past week or so it has become increasingly obvious that commodity currencies and in particular the commodity cross rates have been very much the flavour of making $$$ out of the Forex market.\r\n\r\nAll of the fall-out with the USD following the SNB and the ECB has meant that the DXY is testing major resistance levels and as a result the USD has tended to consolidate its recent moves. The EUR/USD had a monumental move lower on the back of ECB announcement of its QE program. Thus, the move in the USD took on an overbought picture and we need to allow time for consolidation before the recent DXY highs are re-tested.\r\n\r\nThe commodity currencies, AUD, NZD and CAD have whilst all the attention has been focused on the EUR/USD, weakened quite dramatically.\r\n\r\nAs you are probably aware there is a worldwide sell-off of commodities in general and therefore it stands to reason that the commodity currencies would be affected.\r\n\r\nInitially our focus was on OIL. The USD/CAD broke out to the long side on the back of Oil weakness. There is a glut of supply over demand, which, is usually enough to drive a market but we have to add into this market the fact that it is full of hedge fund speculators (this is a news event on the horizon with losses) that quite frankly distort all parameters. Moving on…. This created the leap higher like a “pop-tart from your toaster” and the USD/CAD, looks like it is relentlessly heading towards 1.3000. Where is OIL going to find a bottom, probably sub $40.00, before it sees some support and value. The Canadian economy is not 100% reliant on Oil. It is not a 100% Oil based economy although it is hugely important, so much so that combined with the commodity sell-off it was enough to cause Stephen Poloz, Governor of the Bank of Canada, sufficient concern to cut the BOC overnight rate by 0.25%. This action further weakened the Canadian currency.\r\n\r\nThe knock on effect, Graeme Wheeler at the RBNZ took a more dovish stance in his recent monetary policy statement and the RBA meets this week, so all eyes will be on governor, Glenn Stevens to see what he does. Rumored rate cuts have been denied. But I strongly suspect a greater more accommodative statement at the very least this Tuesday (EDT).\r\n\r\nIt all leans towards a direction that we can trade. If you only trade the USD majors with the Central banks giving direction from the monetary policy statements, go with the flow.\r\n<p style=\"text-align: center;\">NZD/USD and AUD/USD – short\r\nUSD/CAD - long</p>\r\nI have written extensively over the past 12 months about the effects of the Central Banks on the Forex Market (I wrote a huge piece last week on this subject).\r\n\r\nIf you are a trader that doesn’t mind a little more risk and greater volatility, you can also look at trading the commodity currency cross-rates.\r\n<p style=\"text-align: center;\">EUR/AUD, GBP/AUD, EUR/NZD, GBP/NZD, EUR/CAD and GBP/CAD</p>\r\nThere are more pairs involving the AUD and CHF, but the ones above are the main ones. Moves with these pairs have been particularly strong to the upside, as the commodity currencies have weakened. Personally, through the PREMIUM SERVICE I have been trading mainly the GBP related pairs due to the on-going EUROZONE situation casting a cloud over my desire to trade the EUR anything to the long side.\r\n\r\nFor the foreseeable future commodity pairs and commodity crosses should be, in my opinion, the cornerstone, of your Forex trading strategy.\r\n\r\n(In using the word cornerstone, I realize this was used by the SNB 48 hours prior to the peg removal, when confirming to the media “the EUR/CHF Peg was the cornerstone of the SNB monetary policy”….it is a great word!!!)\r\n\r\nThe commodity crosses are rallying when equities are consolidating and moving upwards. Can you just imagine what would happen if equities start to pullback?\r\n\r\nI took time out the other day for an hour or so and caught some CNBC, which has extensive coverage of the current earnings season. This will have a direct impact on the equity markets.\r\n\r\nHere’s what is rolling around in my brain right now... this minute: - My God with 30 seconds of watching CNBC I was on the roof checking the tiles/shingles…\r\n\r\nI heard so many companies lay the blame for poor quarterly earnings on the strength of the USD.\r\n\r\nLet me just think….\r\n<ul>\r\n	<li>When the USD was weaker, there was no mention of the opposite tailwinds that a weaker USD offered … it was just like, “we are just brilliant managers in these desperate times”</li>\r\n	<li>After the 2008-9 crash, U.S. companies to stay afloat, bolted down, cut out jobs to improve costs as demand for goods decreased so that they could continue to supply Wall Street with good earnings.</li>\r\n	<li>As the economy improved, U.S. companies did not hire extra staff to cope with increased volumes… they kept wages low and they banked the extra cash that was generated.</li>\r\n	<li>To satisfy Wall Street, using the cash on the balance sheet they started to buy back shares to improve the EPS (Earnings Per Share ratio) to satisfy investors and the Wall Street analysts. The analysts on Wall Street are generally so poor that no one ever really challenged the fact that the balance sheet top line of “Sales Income” hardly moved higher or in fact actually decreased. The EPS measurement was great though!!</li>\r\n	<li>Last year the ever-supportive FED announced Tapering; QE would be brought to completion. The liquidity (printing presses) would be reduced month by month until zero and then the policy of low interest rates would change to a policy of raising interest rates. This meant a weak USD would, because of a change to increasing interest rates, become a strong USD. This was well advertised over 12 months ago.</li>\r\n	<li>Oil has sold off by more than 50% of its early 2014 price per barrel. This effectively gives consumers an instant tax cut as the savings are there every time a fuel tank is filled. Businesses also benefit from lower Oil prices through lower production and transportation costs. Oil is directly linked to the USD as Oil is priced in dollars. As OIL decreases this helps strengthen the USD.</li>\r\n</ul>\r\nMy thoughts now….\r\n<ul>\r\n	<li>The U.S. companies reporting weak earnings have in my opinion, been guilty of burying their heads in the sand. It is basic, pure and simple poor management.</li>\r\n	<li>All of the above has been known about or started over a year ago. To use a strong USD as an excuse is pathetic. Yes it has an effect, but my God these people are paid to manage; in many cases they are just not good enough.</li>\r\n	<li>Wages have not been increasing, the U.S. unemployment data accuracy is questionable, and there is little inflation in the world, more like DEFLATION.</li>\r\n	<li>Commodity prices are continually heading lower; no one is buying finished goods, so why produce them? So commodity prices drop even more. It is a vicious circle.</li>\r\n	<li>Consumers obviously do not feel confident to buy. It would appear that they are saving or paying down debt when the opportunity arises.</li>\r\n	<li>The last set of U.S. data for retail sales was weak… It was the biggest sales quarter and it was poor data.</li>\r\n</ul>\r\nAll of the above, business incompetence included leads to weaker commodities and weaker commodity currencies.\r\n\r\nEventually, the equity markets will smell the coffee. I do not have much faith in most U.S. businesses, as they appear to be as dysfunctional as Washington at times. They just want the FED to support them forever… infinity. What gets the U.S. economy moving in all forward gears is enough for another blog.\r\n\r\nI have written so many times in the past, its all about commodities, commodities drive the markets and everything else follows, there may be a lag but the rest eventually follows.\r\n\r\nEquities are at the precipice once again, should they rollover, in my opinion the commodity currencies are the trades to look at.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nLast week was for the PREMIUM SERVICE a great week. What began as a difficult month turned out to be a great month when all the statistics were collated? I wrote last week, that following events such as SNB Day, if you lost money, it’s all about the way you pick yourself up and move forward. As mentioned earlier, the commodity currencies and commodity cross-rate pairs saved the month.\r\n\r\nIf you look at the currency moves for the past month, using only the relationships between the G7 basket of currencies the CHF obviously on the back of SNB action was the strongest mover in January.\r\n\r\nCHF    +75.56% - power of the SNB EUR/CHF Peg removal.\r\n\r\nJPY     +32.55%\r\n\r\nUSD   +21.06% - FED policy / oil / help from ECB.\r\n\r\nGBP    -3.89%\r\n\r\nAUD    -16.49% - Commodity sell-off / China fears.\r\n\r\nEUR   -29.10% - ECB QE policy announcement.\r\n\r\nNZD    -33.79% - RBNZ more dovish stance / commodity sell-off / China fears.\r\n\r\nCAD    -45.90% - weaker Oil / commodity sell off / BOC rate cut dovish stance.\r\n\r\n(Source: Forex Live)\r\n\r\nThe PREMIUM SERVICE closed on 51 trades during the month of January 2015. 40 of those trades were profitable (78%) and 11 were loss-producing trades (22%).\r\n\r\nThe major aspect of trading that stands out, is that overall I never made a profit from my RADAR TRADES. The reason being trades from SNB day, created substantial pip losses from which I was never able to fully recover from.\r\n\r\nI also cancelled more trades than ever last month, due to the increasing market volatility, which caused me huge issues at times, as I did not want to post potential higher risk trades to PREMIUM SERVICE subscribers.\r\n\r\n<strong>Total pips generated in profitable trades this month: - 1,813 pips.</strong>\r\n\r\nThe income from trades was as follows: -\r\n\r\n<strong>MICRO LOT TRADERS:                 51 trades cost $5.10 = return of $181.30.</strong>\r\n<strong> MINI LOT TRADERS:                      51 trades cost $51.00 = return of $1,813.00.</strong>\r\n<strong>STANDARD LOT TRADERS:         51 trades cost $510.00 = return of $18,130.00.           </strong>\r\n\r\nWhilst these numbers represent a great return, they do not tell the full story. Position Sizing is a major consideration in volatile trading conditions.\r\n\r\nIt was in January easier to generate the pips than it was to bank the cash due to RISK MANGEMENT. Compromise on POSITION SIZING was the order of the day to MANAGE RISK properly. Yes, you could make a return but the size of your broker account determined the return you could make due to RISK MANAGEMENT.\r\n\r\nLet me elaborate a little further….\r\n\r\nIn January to keep “TRADES ALIVE” stop loss levels were a little wider than usual. Last year ATR’s (Average True Ranges) in may pairs shrank and a typical stop was set maybe 40-50 pips away from the entry level.\r\n\r\nWhen suggesting trades this year, the ranges have increased a little as the volatility has also increased. This has meant that pivots and Fibonacci levels have been a little wider.\r\n\r\nThis is exacerbated with the exotic pairs, which were more volatile anyway because they see less flow and are more illiquid. This means that a previous 400 pip stop on a longer-term exotic pair may now be 500-600 pips and wider if I see the trade as a FUNDAMENTAL TRADE set-up. The wider the stop, the greater the risk, to me says take a smaller position size. When trading exotics I would always recommend taking at least only 25% of what you would usually trade as your maximum position size anyway.\r\n\r\nThe mix of trade-set ups is also interesting between USD majors and the rest.\r\n\r\nThe bottom line is that for most traders unless you manage your position sizes correctly you are limited to the number of live trades that you should take on board using RISK EXPOSURE.\r\n\r\nLet me provide an example based on a STANDARD LOT trader with a typical $100,000.00 balance in his broker account. To keep this simple I am only looking at the position of the STOP in number of pips away from the entry level.\r\n\r\nTRADE SET-UPS suggested from the PREMIUM SERVICE:\r\n(All trades are assumed to be single lot trades at a value of $10.00 each trade)\r\n(My trade limit RISK per trade is 0.5%)\r\n(Total “LIVE” RISK should be no more than 3%)\r\n<ol>\r\n	<li>EUR/USD: Entry at 1.1360 Stop at 1.1450 – RISK = 90 x $10 - $900.00</li>\r\n	<li>EUR/GBP: Entry at 0.7550 Stop at 0.7620 – RISK = 65 x $10 - $650.00</li>\r\n	<li>NZD/USD: Entry at 0.7295 Stop at 0.7340 – RISK = 45 X $10 - $450.00</li>\r\n	<li>GBP/AUD: Entry at 1.8700 Stop at 1.8340 – RISK = 360 x $10 = $3,600.00</li>\r\n	<li>GBP/CAD: Entry at 1.8730 Stop at 1.8250 – RISK = 480 x $10 = $4,800.00</li>\r\n	<li>GBP/NZD: Entry at 2.0540 Stop at 1.9850 – RISK = 690 x $10 = $6,900.00\r\n(At one stage in January the PREMIUM SERVICE was LIVE with 9 trades)</li>\r\n</ol>\r\nAs the above trades stand – in order to trade them all with 1 x STANDARD LOT the risk on entering the trades totals $ 17,300.00, which is 17% of your trading account. Quite frankly, if anyone trades this way they deserve all that the market dishes out. The maximum RISK on a $100,000.00 broker account in my opinion should not be more than 3%, which is $3,000 and this should be limited to 0.5% per trade.\r\n\r\nThe easy calculation to do is as follows (this can be drilled down to all sizes of accounts): -\r\n\r\n$100,000.00 in your trading account 0.5% = $500.00 maximum risk per trade.\r\n$100,000.00 in your trading account 3.0% total risk = $3,000.00. Therefore it is six trades maximum at $500 risk per trade. This is the simplest way, in my opinion to trade.\r\n\r\nTherefore, as you can see even with a $100,000.00 Forex broker trading account, from my RISK PER TRADE standards within my TRADING PLAN, I could not have traded all the LIVE TRADES at once via STANDARD LOTS. A mixture of STANDARD and MINI lot trading was required. Only accounts with a minimum of at least $600,000.00 in my opinion could have traded the 1 x STANDARD LOT approach.\r\n\r\nYou have to be flexible, there are articles in the EDUCATION section of the PREMIUM SERVICE website for subscribers that refer to POSITION SIZING. This year so far trading ranges and stop placements are wider than 2014, it is different, but the principles are the same.\r\n\r\nAs I have written in the past, if you approach each trade based on the RISK, there is money to be made in the Forex Market.\r\n\r\nPOSITION SIZING is absolutely critical your success. Failure here will blow your accounts apart.\r\n\r\nAs a subscriber to the PREMIUM SERVICE you can make money from the Forex Market but you have to be disciplined.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – PREMIUM SERVICE PROFIT/LOSS RATIOS:\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-PROFIT-LOSS-RATIOS-JAN15.png\"><img class=\"aligncenter size-full wp-image-5214\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-PROFIT-LOSS-RATIOS-JAN15.png\" alt=\"PS PROFIT-LOSS RATIOS JAN15\" width=\"414\" height=\"584\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5215\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-JAN15.png\" alt=\"PS RISK-REWARD JAN15\" width=\"418\" height=\"546\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – FLASH TRADES: TRADE BY TRADE (JANUARY 2015):\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5216\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH1-JAN15.png\" alt=\"FLASH1 JAN15\" width=\"497\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5217\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH2-JAN15.png\" alt=\"FLASH2 JAN15\" width=\"520\" height=\"490\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5218\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH-YTD-JAN15.png\" alt=\"FLASH YTD JAN15\" width=\"338\" height=\"386\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – RADAR TRADES: TRADE BY TRADE (JANUARY 2015):\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5219\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR1-JAN15.png\" alt=\"RADAR1 JAN15\" width=\"553\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5220\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR2-JAN15.png\" alt=\"RADAR2 JAN15\" width=\"548\" height=\"488\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5221\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR-YTD-JAN15.png\" alt=\"RADAR YTD JAN15\" width=\"353\" height=\"386\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.5. – FUNDAMENTAL TRADES: TRADE BY TRADE (JANUARY 2015):\r\n\r\n</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-JAN15.png\"><img class=\"aligncenter size-full wp-image-5222\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-JAN15.png\" alt=\"FUNDAMENTAL JAN15\" width=\"507\" height=\"520\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5223\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-YTD-JAN15.png\" alt=\"FUNDAMENTAL YTD JAN15\" width=\"363\" height=\"370\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.6. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5212\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-JAN15.png\" alt=\"PREM SERV PROFITS1 JAN15\" width=\"458\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5213\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS2-JAN15.png\" alt=\"PREM SERV PROFITS2 JAN15\" width=\"451\" height=\"428\" /></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\r\n</span>I apologize; there is no article ready this week.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-01022015.png\"><img class=\"aligncenter size-full wp-image-5225\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-01022015.png\" alt=\"PS LIVE TRADES 01022015\" width=\"701\" height=\"479\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nOn Friday I cancelled all the outstanding LIMIT ORDERS as I was away from my desk in Ottawa for a meeting.\r\n\r\nThe excel spreadsheet below shows multiple trades based on the weeks closing prices looking at LIMIT ORDER entries this week. They do not have reference numbers yet as NONE of them are placed with my brokers yet. As soon as I have them placed, an email and twitter alert (with chart, where applicable) will be posted for you.\r\n\r\nI have already mentioned in this blog that I see commodity currencies and commodity crosses being the focus of FX trading moving forward. It should therefore come as no surprise that given the volume of high beta news events on the horizon this week commodity related pairs feature extensively.\r\n\r\nBelow the spreadsheet you will see a series of charts relating the trades in the spreadsheet. There are comments on the charts that will be repeated on the EMAIL ALERT that will be produced if I go ahead and suggest the trade be taken.\r\n\r\nMy initial thoughts are based around the following pairs:\r\n\r\nGBP/USD and NZD/USD to the short side.\r\n\r\nUSD/CAD, USD/CHF, GBP/CAD and GBP/NZD to the long side.\r\n\r\nI want to see what the RBA says on Monday before looking to the AUD/USD and GBP/AUD plus any other AUD related pairs.\r\n\r\nI am also looking at the AUD/JPY with more seriousness than usual. As you know, this pair basically correlates most of the time to the moves in the S &amp; P index. It has been divergent from time to time of late, and this has generally been the reason behind me NOT taking the JPY pairs serious. However, I do see that value in U.S. equities is becoming harder and harder to find and therefore, when a pullback happens this pair should fall in line again with the S &amp; P and a short side trade would be FUNDAMENTALLY perfect. Should Glenn Stevens become more accommodative and dovish tomorrow night (EDT) when the RBA statement is released, this will cement this short side trade even further.\r\n\r\nAdditionally, I am looking at the NOK. I know many of you find the “Nordic” currencies painful to trade, as they are low pip value and very fast movers. But the NOK and MXN against the USD could be nice long trades if oil drops below $40. A leg lower next week with oil prices and these pairs could offer a nice quick return.\r\n\r\nI am still very bearish and hold EUR/USD and EUR/GBP short trades. I will add to these trades should we head lower towards the recent trend lows. I am conscious of bounces with the single currency; there are so many factors that can cause this which are mainly driven by the personalities involved in the EUROZONE and not the economic data. In the main the economic data is still concerning. Mild data looks to be bouncing on the bottom but the biggie is still DEFLATION. I have been harping on about this for months and feck all has really been done apart from jawboning.\r\n\r\nDEFLATION is a worldwide concern, especially USA, EUROZONE and JAPAN. FUNDAMENTALLY; GOLD should be on its knees begging for mercy at $700.00 or so. It is being bought up; to prop up the industry but this cannot continue forever. GOLD should be lower, based on FUNDAMENTALS, which should keep the USD strong. At some stage and I believe sooner rather than later a “SNB” event with GOLD is going to happen. This event will re-balance the whole financial services market, as we know it. It will make “SNB Day” look like a stroll in the park. Hence, the reason that GOLD is being so heavily supported…. in my opinion! From a trading perspective though, this FUNDAMENTALLY keeps me long the USD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-MY-RADAR-01022015.png\"><img class=\"aligncenter size-full wp-image-5227\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-MY-RADAR-01022015.png\" alt=\"PS TRADES ON MY RADAR 01022015\" width=\"707\" height=\"399\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-240M-01022015.png\"><img class=\"aligncenter size-large wp-image-5231\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-240M-01022015-1024x479.png\" alt=\"GBPUSD 240M 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5230\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-01022015-1024x479.png\" alt=\"NZDUSD MONTHLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-240-M-01022015.png\"><img class=\"aligncenter size-large wp-image-5229\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-240-M-01022015-1024x479.png\" alt=\"USDCAD 240 M 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCHF-60-MINUTE-02012015.png\"><img class=\"aligncenter size-large wp-image-5228\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCHF-60-MINUTE-02012015-1024x479.png\" alt=\"USDCHF 60 MINUTE 02012015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPCAD-MONTHLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5233\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPCAD-MONTHLY-01022015-1024x479.png\" alt=\"GBPCAD MONTHLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPNZD-WEEKLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5232\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPNZD-WEEKLY-01022015-1024x479.png\" alt=\"GBPNZD WEEKLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PS-TRENDING-PAIRS-01022015.png\"><img class=\"aligncenter size-full wp-image-5224\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRENDING-PAIRS-01022015.png\" alt=\"PS TRENDING PAIRS 01022015\" width=\"416\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)\r\n\r\n<strong>EUR/USD: Closing Price 1.1280.</strong> We have had a little bounce with the EUR/USD, which was expected after the huge sell-off. I have held a short position for a few days now expecting a return lower with the overall bearish trend. Once again on Friday last week, Greece was in the news about non- compliance / negotiation with Troika and on the back of this the EUR/USD came under pressure. Something is going on with Russia. Cyprus and Greece are very close, geographically, historically and population wise, the Russians were financially all over Cyprus…I get a connection / smell a rat. Support is 1.1250 initially and resistance is good at 1.1440.\r\n\r\n<strong>GBP/USD: Closing Price 1.5049</strong>. 1.5000 held again on Friday, this would appear to be the support level to break to head lower to 1.4950 and then 1.4870.Resistance is good at 1.5120. I am just not 100% certain which direction to trade the cable. Up until Friday last week it had been range bound trapped between 1.5000 and 1.5100, with attempts to break higher. This action was keeping all the GBP commodity crosses in play as the AUD and NZD currencies weakened. I want this to remain the case this week and beyond, in fact, I also want equities to rollover lower so that RISK OFF trades are back in vogue. My bias is shorting the cable in sympathy with the EUR. In addition some nice USD strength would also help my FUNDAMENTAL views.\r\n\r\n<strong>AUD/USD: Closing Price 0.7753</strong>. A nice drop of over 100 pips in the past 7 days trading, and, the fun continues as it is a big night tomorrow (Monday EDT) with the interest rate statement. There were rumours of a rate cut on the back of the BOC surprise rate cut last week. These have been denied, so it could be a jawboning exercise and a change in the vocabulary in the policy statement that has an effect on the AUD currency. I am expecting a hold on interest rate rises and a very compliant, dovish statement. We are trading in a nice trading range at the moment of 0.7720 to 0.7820.\r\n\r\n<strong>NZD/USD: Closing Price 0.7240</strong>. The RBNZ turned dovish last week. The double top pattern on the weekly chart is now in play and we are targeting lows in a measured move of around 0.6000. Happy days and drinks all round if this move plays out. The next support from existing levels is at 0.7230 then at 0.7070 and resistance is at 0.7310.\r\n\r\n<strong>USD/CAD: Closing Price 1.2729.</strong> This pair is in a very bullish trend. I think we are on our way to 1.3000. Support is at 1.2620 and resistance after 1.2700 is at 1.2790. As long as the price of oil remains heavy the CAD currency should weaken overall. Personally, I think that Oil will eventually find a bottom but I think that it will have to get to maybe the mid $30’s a barrel first.\r\n\r\n<strong>USD/CHF: Closing Price 0.9180</strong>. We are starting to see patterns and moves on the charts again. Many brokers have tightened up on trading CHF pairs, although there looks to be opportunities coming up. I am looking at 0.9160 offering some support and 0.9300 is the next resistance.\r\n\r\n<strong>USD/JPY: Closing Price 117.47. </strong> The JPY is still rangey and I still think prime for a big move. The range is 116.50 to 118.50.\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&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: CNY – HSBC Final Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Trade Balance.\r\n<span style=\"line-height: 1.5;\">MONDAY: AUD – RBA Rate Statement.</span>\r\n\r\nTUESDAY: GBP – Construction PMi.\r\n\r\nTUESDAY: NZD – Unemployment Data and GDT index.\r\nTUESDAY: NZD – RBNZ Governor Wheeler Speaks.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – IVEY PMi.\r\nWEDNESDAY: USD – ISM non-Manufacturing PMi.\r\nWEDNESDAY: AUD – Retail Sales.\r\n\r\nTHURSDAY: GBP – BOE Bank Rate and maybe a MPC Rate Statement.\r\nTHURDSAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement.\r\n\r\nFRIDAY: CAD – Unemployment Data.\r\nFRIDAY: USD – Non-Farm Employment Data and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis is a very big week on news.\r\n\r\nWhilst 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 February 1st 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;\">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.','COMMODITY CURRENCIES SHOULD BE THE FOCUS OF YOUR FX TRADING AT THE MOMENT','','inherit','open','closed','','5237-revision-v1','','','2015-02-01 03:40:24','2015-02-01 08:40:24','',5237,'https://weeklyfxdrivethru.com/5237-revision-v1/',0,'revision','',0),(5239,1,'2015-02-01 03:42:53','2015-02-01 08:42:53','<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: 01.02.2015\r\nREFERENCE: #45\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\nWhat a fascinating week of trading. It was probably, one of my most successful weeks in recent times.\r\n\r\nGiven all the shenanigans of the month: - the surprise SNB EUR/CHF peg removal, the ECB with the Draghi QE announcement, the BOC surprise rate cut, the FED remaining vague and patient, and finally, the RBNZ change in monetary policy to being more accommodative “Dovish”. The big news events last month were in fact “mega” news events, whether they were planned or not. To have these types of news event, the likes of which, we may only see once in a lifetime, and, and to have them all in the same month (plus some surprises), certainly raised not just eyebrows but stress levels as well.\r\n\r\nThe fallout from the SNB continues to roll on, there are now reports surfacing about how much individual brokers lost, plus who is forgiving and who is not forgiving negative balances. I am still waiting on FXCM to advise me what is happening with my loss.\r\n\r\nMoving on, the big news events this week are: -\r\n<ul>\r\n	<li>RBA Interest Rate Statement</li>\r\n	<li>RBNZ Governor Graeme Wheeler</li>\r\n	<li>PMi Data from China, UK, Canada and U.S.</li>\r\n	<li>AUD, CAD and U.S. Trade Balances.</li>\r\n	<li>CAD, NZD and U.S. Employment Data including Non-Farm Payrolls.</li>\r\n</ul>\r\nSo…. It is a very big FX week, and, we should expect a surprise, maybe not a rate cut but maybe a more “Dovish” statement from RBA Governor Glenn Stevens.\r\n\r\nThe “D” word, to you and me “DEFLATION” is now being quoted more often than the wimpish EUROZONE and Ben Bernanke’s “D” word - “DIS-INFLATION” version, so the PMi and Trade Balance numbers will be very closely watched. Literally, every day this week brings us something to trade around.\r\n\r\nThe markets are very skittish at the moment, the U.S. indices that lead the world are moving very strangely and look to be at levels that are prime for a pullback, but I have been saying that for about two years to no avail… One time I will be right….\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<strong>COMMODITY CURRENCIES SHOULD BE THE FOCUS OF YOUR FX TRADING AT THE MOMENT</strong>\r\n\r\nOver the past week or so it has become increasingly obvious that commodity currencies and in particular the commodity cross rates have been very much the flavour of making $$$ out of the Forex market.\r\n\r\nAll of the fall-out with the USD following the SNB and the ECB has meant that the DXY is testing major resistance levels and as a result the USD has tended to consolidate its recent moves. The EUR/USD had a monumental move lower on the back of ECB announcement of its QE program. Thus, the move in the USD took on an overbought picture and we need to allow time for consolidation before the recent DXY highs are re-tested.\r\n\r\nThe commodity currencies, AUD, NZD and CAD have whilst all the attention has been focused on the EUR/USD, weakened quite dramatically.\r\n\r\nAs you are probably aware there is a worldwide sell-off of commodities in general and therefore it stands to reason that the commodity currencies would be affected.\r\n\r\nInitially our focus was on OIL. The USD/CAD broke out to the long side on the back of Oil weakness. There is a glut of supply over demand, which, is usually enough to drive a market but we have to add into this market the fact that it is full of hedge fund speculators (this is a news event on the horizon with losses) that quite frankly distort all parameters. Moving on…. This created the leap higher like a “pop-tart from your toaster” and the USD/CAD, looks like it is relentlessly heading towards 1.3000. Where is OIL going to find a bottom, probably sub $40.00, before it sees some support and value. The Canadian economy is not 100% reliant on Oil. It is not a 100% Oil based economy although it is hugely important, so much so that combined with the commodity sell-off it was enough to cause Stephen Poloz, Governor of the Bank of Canada, sufficient concern to cut the BOC overnight rate by 0.25%. This action further weakened the Canadian currency.\r\n\r\nThe knock on effect, Graeme Wheeler at the RBNZ took a more dovish stance in his recent monetary policy statement and the RBA meets this week, so all eyes will be on governor, Glenn Stevens to see what he does. Rumored rate cuts have been denied. But I strongly suspect a greater more accommodative statement at the very least this Tuesday (EDT).\r\n\r\nIt all leans towards a direction that we can trade. If you only trade the USD majors with the Central banks giving direction from the monetary policy statements, go with the flow.\r\n<p style=\"text-align: center;\">NZD/USD and AUD/USD – short\r\nUSD/CAD - long</p>\r\nI have written extensively over the past 12 months about the effects of the Central Banks on the Forex Market (I wrote a huge piece last week on this subject).\r\n\r\nIf you are a trader that doesn’t mind a little more risk and greater volatility, you can also look at trading the commodity currency cross-rates.\r\n<p style=\"text-align: center;\">EUR/AUD, GBP/AUD, EUR/NZD, GBP/NZD, EUR/CAD and GBP/CAD</p>\r\nThere are more pairs involving the AUD and CHF, but the ones above are the main ones. Moves with these pairs have been particularly strong to the upside, as the commodity currencies have weakened. Personally, through the PREMIUM SERVICE I have been trading mainly the GBP related pairs due to the on-going EUROZONE situation casting a cloud over my desire to trade the EUR anything to the long side.\r\n\r\nFor the foreseeable future commodity pairs and commodity crosses should be, in my opinion, the cornerstone, of your Forex trading strategy.\r\n\r\n(In using the word cornerstone, I realize this was used by the SNB 48 hours prior to the peg removal, when confirming to the media “the EUR/CHF Peg was the cornerstone of the SNB monetary policy”….it is a great word!!!)\r\n\r\nThe commodity crosses are rallying when equities are consolidating and moving upwards. Can you just imagine what would happen if equities start to pullback?\r\n\r\nI took time out the other day for an hour or so and caught some CNBC, which has extensive coverage of the current earnings season. This will have a direct impact on the equity markets.\r\n\r\nHere’s what is rolling around in my brain right now... this minute: - My God with 30 seconds of watching CNBC I was on the roof checking the tiles/shingles…\r\n\r\nI heard so many companies lay the blame for poor quarterly earnings on the strength of the USD.\r\n\r\nLet me just think….\r\n<ul>\r\n	<li>When the USD was weaker, there was no mention of the opposite tailwinds that a weaker USD offered … it was just like, “we are just brilliant managers in these desperate times”</li>\r\n	<li>After the 2008-9 crash, U.S. companies to stay afloat, bolted down, cut out jobs to improve costs as demand for goods decreased so that they could continue to supply Wall Street with good earnings.</li>\r\n	<li>As the economy improved, U.S. companies did not hire extra staff to cope with increased volumes… they kept wages low and they banked the extra cash that was generated.</li>\r\n	<li>To satisfy Wall Street, using the cash on the balance sheet they started to buy back shares to improve the EPS (Earnings Per Share ratio) to satisfy investors and the Wall Street analysts. The analysts on Wall Street are generally so poor that no one ever really challenged the fact that the balance sheet top line of “Sales Income” hardly moved higher or in fact actually decreased. The EPS measurement was great though!!</li>\r\n	<li>Last year the ever-supportive FED announced Tapering; QE would be brought to completion. The liquidity (printing presses) would be reduced month by month until zero and then the policy of low interest rates would change to a policy of raising interest rates. This meant a weak USD would, because of a change to increasing interest rates, become a strong USD. This was well advertised over 12 months ago.</li>\r\n	<li>Oil has sold off by more than 50% of its early 2014 price per barrel. This effectively gives consumers an instant tax cut as the savings are there every time a fuel tank is filled. Businesses also benefit from lower Oil prices through lower production and transportation costs. Oil is directly linked to the USD as Oil is priced in dollars. As OIL decreases this helps strengthen the USD.</li>\r\n</ul>\r\nMy thoughts now….\r\n<ul>\r\n	<li>The U.S. companies reporting weak earnings have in my opinion, been guilty of burying their heads in the sand. It is basic, pure and simple poor management.</li>\r\n	<li>All of the above has been known about or started over a year ago. To use a strong USD as an excuse is pathetic. Yes it has an effect, but my God these people are paid to manage; in many cases they are just not good enough.</li>\r\n	<li>Wages have not been increasing, the U.S. unemployment data accuracy is questionable, and there is little inflation in the world, more like DEFLATION.</li>\r\n	<li>Commodity prices are continually heading lower; no one is buying finished goods, so why produce them? So commodity prices drop even more. It is a vicious circle.</li>\r\n	<li>Consumers obviously do not feel confident to buy. It would appear that they are saving or paying down debt when the opportunity arises.</li>\r\n	<li>The last set of U.S. data for retail sales was weak… It was the biggest sales quarter and it was poor data.</li>\r\n</ul>\r\nAll of the above, business incompetence included leads to weaker commodities and weaker commodity currencies.\r\n\r\nEventually, the equity markets will smell the coffee. I do not have much faith in most U.S. businesses, as they appear to be as dysfunctional as Washington at times. They just want the FED to support them forever… infinity. What gets the U.S. economy moving in all forward gears is enough for another blog.\r\n\r\nI have written so many times in the past, its all about commodities, commodities drive the markets and everything else follows, there may be a lag but the rest eventually follows.\r\n\r\nEquities are at the precipice once again, should they rollover, in my opinion the commodity currencies are the trades to look at.\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<span style=\"text-decoration: underline;\">3.2 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\r\nTHE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -\r\n\r\n10 weeks - $200.00\r\n20 weeks - $350.00\r\n40 weeks - $500.00\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>\r\n\r\nLast week was for the PREMIUM SERVICE a great week. What began as a difficult month turned out to be a great month when all the statistics were collated? I wrote last week, that following events such as SNB Day, if you lost money, it’s all about the way you pick yourself up and move forward. As mentioned earlier, the commodity currencies and commodity cross-rate pairs saved the month.\r\n\r\nIf you look at the currency moves for the past month, using only the relationships between the G7 basket of currencies the CHF obviously on the back of SNB action was the strongest mover in January.\r\n\r\nCHF    +75.56% - power of the SNB EUR/CHF Peg removal.\r\n\r\nJPY     +32.55%\r\n\r\nUSD   +21.06% - FED policy / oil / help from ECB.\r\n\r\nGBP    -3.89%\r\n\r\nAUD    -16.49% - Commodity sell-off / China fears.\r\n\r\nEUR   -29.10% - ECB QE policy announcement.\r\n\r\nNZD    -33.79% - RBNZ more dovish stance / commodity sell-off / China fears.\r\n\r\nCAD    -45.90% - weaker Oil / commodity sell off / BOC rate cut dovish stance.\r\n\r\n(Source: Forex Live)\r\n\r\nThe PREMIUM SERVICE closed on 51 trades during the month of January 2015. 40 of those trades were profitable (78%) and 11 were loss-producing trades (22%).\r\n\r\nThe major aspect of trading that stands out, is that overall I never made a profit from my RADAR TRADES. The reason being trades from SNB day, created substantial pip losses from which I was never able to fully recover from.\r\n\r\nI also cancelled more trades than ever last month, due to the increasing market volatility, which caused me huge issues at times, as I did not want to post potential higher risk trades to PREMIUM SERVICE subscribers.\r\n\r\n<strong>Total pips generated in profitable trades this month: - 1,813 pips.</strong>\r\n\r\nThe income from trades was as follows: -\r\n\r\n<strong>MICRO LOT TRADERS:                 51 trades cost $5.10 = return of $181.30.</strong>\r\n<strong> MINI LOT TRADERS:                      51 trades cost $51.00 = return of $1,813.00.</strong>\r\n<strong>STANDARD LOT TRADERS:         51 trades cost $510.00 = return of $18,130.00.           </strong>\r\n\r\nWhilst these numbers represent a great return, they do not tell the full story. Position Sizing is a major consideration in volatile trading conditions.\r\n\r\nIt was in January easier to generate the pips than it was to bank the cash due to RISK MANAGEMENT. Compromise on POSITION SIZING was the order of the day to MANAGE RISK properly. Yes, you could make a return but the size of your broker account determined the return you could make due to RISK MANAGEMENT.\r\n\r\nLet me elaborate a little further….\r\n\r\nIn January to keep “TRADES ALIVE” stop loss levels were a little wider than usual. Last year ATR’s (Average True Ranges) in may pairs shrank and a typical stop was set maybe 40-50 pips away from the entry level.\r\n\r\nWhen suggesting trades this year, the ranges have increased a little as the volatility has also increased. This has meant that pivots and Fibonacci levels have been a little wider.\r\n\r\nThis is exacerbated with the exotic pairs, which were more volatile anyway because they see less flow and are more illiquid. This means that a previous 400 pip stop on a longer-term exotic pair may now be 500-600 pips and wider if I see the trade as a FUNDAMENTAL TRADE set-up. The wider the stop, the greater the risk, to me says take a smaller position size. When trading exotics I would always recommend taking at least only 25% of what you would usually trade as your maximum position size anyway.\r\n\r\nThe mix of trade-set ups is also interesting between USD majors and the rest.\r\n\r\nThe bottom line is that for most traders unless you manage your position sizes correctly you are limited to the number of live trades that you should take on board using RISK EXPOSURE.\r\n\r\nLet me provide an example based on a STANDARD LOT trader with a typical $100,000.00 balance in his broker account. To keep this simple I am only looking at the position of the STOP in number of pips away from the entry level.\r\n\r\nTRADE SET-UPS suggested from the PREMIUM SERVICE:\r\n(All trades are assumed to be single lot trades at a value of $10.00 each trade)\r\n(My trade limit RISK per trade is 0.5%)\r\n(Total “LIVE” RISK should be no more than 3%)\r\n<ol>\r\n	<li>EUR/USD: Entry at 1.1360 Stop at 1.1450 – RISK = 90 x $10 - $900.00</li>\r\n	<li>EUR/GBP: Entry at 0.7550 Stop at 0.7620 – RISK = 65 x $10 - $650.00</li>\r\n	<li>NZD/USD: Entry at 0.7295 Stop at 0.7340 – RISK = 45 X $10 - $450.00</li>\r\n	<li>GBP/AUD: Entry at 1.8700 Stop at 1.8340 – RISK = 360 x $10 = $3,600.00</li>\r\n	<li>GBP/CAD: Entry at 1.8730 Stop at 1.8250 – RISK = 480 x $10 = $4,800.00</li>\r\n	<li>GBP/NZD: Entry at 2.0540 Stop at 1.9850 – RISK = 690 x $10 = $6,900.00\r\n(At one stage in January the PREMIUM SERVICE was LIVE with 9 trades)</li>\r\n</ol>\r\nAs the above trades stand – in order to trade them all with 1 x STANDARD LOT the risk on entering the trades totals $ 17,300.00, which is 17% of your trading account. Quite frankly, if anyone trades this way they deserve all that the market dishes out. The maximum RISK on a $100,000.00 broker account in my opinion should not be more than 3%, which is $3,000 and this should be limited to 0.5% per trade.\r\n\r\nThe easy calculation to do is as follows (this can be drilled down to all sizes of accounts): -\r\n\r\n$100,000.00 in your trading account 0.5% = $500.00 maximum risk per trade.\r\n$100,000.00 in your trading account 3.0% total risk = $3,000.00. Therefore it is six trades maximum at $500 risk per trade. This is the simplest way, in my opinion to trade.\r\n\r\nTherefore, as you can see even with a $100,000.00 Forex broker trading account, from my RISK PER TRADE standards within my TRADING PLAN, I could not have traded all the LIVE TRADES at once via STANDARD LOTS. A mixture of STANDARD and MINI lot trading was required. Only accounts with a minimum of at least $600,000.00 in my opinion could have traded the 1 x STANDARD LOT approach.\r\n\r\nYou have to be flexible, there are articles in the EDUCATION section of the PREMIUM SERVICE website for subscribers that refer to POSITION SIZING. This year so far trading ranges and stop placements are wider than 2014, it is different, but the principles are the same.\r\n\r\nAs I have written in the past, if you approach each trade based on the RISK, there is money to be made in the Forex Market.\r\n\r\nPOSITION SIZING is absolutely critical your success. Failure here will blow your accounts apart.\r\n\r\nAs a subscriber to the PREMIUM SERVICE you can make money from the Forex Market but you have to be disciplined.\r\n\r\nThe usual summary charts detailing the week and year to date performances, are below: -\r\n\r\n<span style=\"text-decoration: underline;\">3.3.1. – PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-PROFIT-LOSS-RATIOS-JAN15.png\"><img class=\"aligncenter size-full wp-image-5214\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-PROFIT-LOSS-RATIOS-JAN15.png\" alt=\"PS PROFIT-LOSS RATIOS JAN15\" width=\"414\" height=\"584\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.2. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5215\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-RISK-REWARD-JAN15.png\" alt=\"PS RISK-REWARD JAN15\" width=\"418\" height=\"546\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.3. – FLASH TRADES: TRADE BY TRADE (JANUARY 2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5216\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH1-JAN15.png\" alt=\"FLASH1 JAN15\" width=\"497\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5217\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH2-JAN15.png\" alt=\"FLASH2 JAN15\" width=\"520\" height=\"490\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5218\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FLASH-YTD-JAN15.png\" alt=\"FLASH YTD JAN15\" width=\"338\" height=\"386\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">3.3.4. – RADAR TRADES: TRADE BY TRADE (JANUARY 2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5219\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR1-JAN15.png\" alt=\"RADAR1 JAN15\" width=\"553\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5220\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR2-JAN15.png\" alt=\"RADAR2 JAN15\" width=\"548\" height=\"488\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5221\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/RADAR-YTD-JAN15.png\" alt=\"RADAR YTD JAN15\" width=\"353\" height=\"386\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.5. – FUNDAMENTAL TRADES: TRADE BY TRADE (JANUARY 2015):</span>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-JAN15.png\"><img class=\"aligncenter size-full wp-image-5222\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-JAN15.png\" alt=\"FUNDAMENTAL JAN15\" width=\"507\" height=\"520\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-YTD-JAN15.png\"><img class=\"aligncenter size-full wp-image-5223\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/FUNDAMENTAL-YTD-JAN15.png\" alt=\"FUNDAMENTAL YTD JAN15\" width=\"363\" height=\"370\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3.3.6. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-JAN15.png\"><img class=\"aligncenter size-full wp-image-5212\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS1-JAN15.png\" alt=\"PREM SERV PROFITS1 JAN15\" width=\"458\" height=\"434\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS2-JAN15.png\"><img class=\"aligncenter size-full wp-image-5213\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PREM-SERV-PROFITS2-JAN15.png\" alt=\"PREM SERV PROFITS2 JAN15\" width=\"451\" height=\"428\" /></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:</span>\r\n\r\nI apologize; there is no article ready this week.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>\r\n\r\nBelow is the current spread sheet showing the existing live trades.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-01022015.png\"><img class=\"aligncenter size-full wp-image-5225\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-LIVE-TRADES-01022015.png\" alt=\"PS LIVE TRADES 01022015\" width=\"701\" height=\"479\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nOn Friday I cancelled all the outstanding LIMIT ORDERS as I was away from my desk in Ottawa for a meeting.\r\n\r\nThe excel spreadsheet below shows multiple trades based on the weeks closing prices looking at LIMIT ORDER entries this week. They do not have reference numbers yet as NONE of them are placed with my brokers yet. As soon as I have them placed, an email and twitter alert (with chart, where applicable) will be posted for you.\r\n\r\nI have already mentioned in this blog that I see commodity currencies and commodity crosses being the focus of FX trading moving forward. It should therefore come as no surprise that given the volume of high beta news events on the horizon this week commodity related pairs feature extensively.\r\n\r\nBelow the spreadsheet you will see a series of charts relating the trades in the spreadsheet. There are comments on the charts that will be repeated on the EMAIL ALERT that will be produced if I go ahead and suggest the trade be taken.\r\n\r\nMy initial thoughts are based around the following pairs:\r\n\r\nGBP/USD and NZD/USD to the short side.\r\n\r\nUSD/CAD, USD/CHF, GBP/CAD and GBP/NZD to the long side.\r\n\r\nI want to see what the RBA says on Monday before looking to the AUD/USD and GBP/AUD plus any other AUD related pairs.\r\n\r\nI am also looking at the AUD/JPY with more seriousness than usual. As you know, this pair basically correlates most of the time to the moves in the S &amp; P index. It has been divergent from time to time of late, and this has generally been the reason behind me NOT taking the JPY pairs serious. However, I do see that value in U.S. equities is becoming harder and harder to find and therefore, when a pullback happens this pair should fall in line again with the S &amp; P and a short side trade would be FUNDAMENTALLY perfect. Should Glenn Stevens become more accommodative and dovish tomorrow night (EDT) when the RBA statement is released, this will cement this short side trade even further.\r\n\r\nAdditionally, I am looking at the NOK. I know many of you find the “Nordic” currencies painful to trade, as they are low pip value and very fast movers. But the NOK and MXN against the USD could be nice long trades if oil drops below $40. A leg lower next week with oil prices and these pairs could offer a nice quick return.\r\n\r\nI am still very bearish and hold EUR/USD and EUR/GBP short trades. I will add to these trades should we head lower towards the recent trend lows. I am conscious of bounces with the single currency; there are so many factors that can cause this which are mainly driven by the personalities involved in the EUROZONE and not the economic data. In the main the economic data is still concerning. Mild data looks to be bouncing on the bottom but the biggie is still DEFLATION. I have been harping on about this for months and feck all has really been done apart from jawboning.\r\n\r\nDEFLATION is a worldwide concern, especially USA, EUROZONE and JAPAN. FUNDAMENTALLY; GOLD should be on its knees begging for mercy at $700.00 or so. It is being bought up; to prop up the industry but this cannot continue forever. GOLD should be lower, based on FUNDAMENTALS, which should keep the USD strong. At some stage and I believe sooner rather than later a “SNB” event with GOLD is going to happen. This event will re-balance the whole financial services market, as we know it. It will make “SNB Day” look like a stroll in the park. Hence, the reason that GOLD is being so heavily supported…. in my opinion! From a trading perspective though, this FUNDAMENTALLY keeps me long the USD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-MY-RADAR-01022015.png\"><img class=\"aligncenter size-full wp-image-5227\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRADES-ON-MY-RADAR-01022015.png\" alt=\"PS TRADES ON MY RADAR 01022015\" width=\"707\" height=\"399\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-240M-01022015.png\"><img class=\"aligncenter size-large wp-image-5231\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPUSD-240M-01022015-1024x479.png\" alt=\"GBPUSD 240M 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5230\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/NZDUSD-MONTHLY-01022015-1024x479.png\" alt=\"NZDUSD MONTHLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-240-M-01022015.png\"><img class=\"aligncenter size-large wp-image-5229\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCAD-240-M-01022015-1024x479.png\" alt=\"USDCAD 240 M 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCHF-60-MINUTE-02012015.png\"><img class=\"aligncenter size-large wp-image-5228\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/USDCHF-60-MINUTE-02012015-1024x479.png\" alt=\"USDCHF 60 MINUTE 02012015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPCAD-MONTHLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5233\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPCAD-MONTHLY-01022015-1024x479.png\" alt=\"GBPCAD MONTHLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPNZD-WEEKLY-01022015.png\"><img class=\"aligncenter size-large wp-image-5232\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/GBPNZD-WEEKLY-01022015-1024x479.png\" alt=\"GBPNZD WEEKLY 01022015\" width=\"1024\" height=\"479\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 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/2015/01/PS-TRENDING-PAIRS-01022015.png\"><img class=\"aligncenter size-full wp-image-5224\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2015/01/PS-TRENDING-PAIRS-01022015.png\" alt=\"PS TRENDING PAIRS 01022015\" width=\"416\" height=\"546\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.5 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)\r\n\r\n<strong>EUR/USD: Closing Price 1.1280.</strong> We have had a little bounce with the EUR/USD, which was expected after the huge sell-off. I have held a short position for a few days now expecting a return lower with the overall bearish trend. Once again on Friday last week, Greece was in the news about non- compliance / negotiation with Troika and on the back of this the EUR/USD came under pressure. Something is going on with Russia. Cyprus and Greece are very close, geographically, historically and population wise, the Russians were financially all over Cyprus…I get a connection / smell a rat. Support is 1.1250 initially and resistance is good at 1.1440.\r\n\r\n<strong>GBP/USD: Closing Price 1.5049</strong>. 1.5000 held again on Friday, this would appear to be the support level to break to head lower to 1.4950 and then 1.4870.Resistance is good at 1.5120. I am just not 100% certain which direction to trade the cable. Up until Friday last week it had been range bound trapped between 1.5000 and 1.5100, with attempts to break higher. This action was keeping all the GBP commodity crosses in play as the AUD and NZD currencies weakened. I want this to remain the case this week and beyond, in fact, I also want equities to rollover lower so that RISK OFF trades are back in vogue. My bias is shorting the cable in sympathy with the EUR. In addition some nice USD strength would also help my FUNDAMENTAL views.\r\n\r\n<strong>AUD/USD: Closing Price 0.7753</strong>. A nice drop of over 100 pips in the past 7 days trading, and, the fun continues as it is a big night tomorrow (Monday EDT) with the interest rate statement. There were rumours of a rate cut on the back of the BOC surprise rate cut last week. These have been denied, so it could be a jawboning exercise and a change in the vocabulary in the policy statement that has an effect on the AUD currency. I am expecting a hold on interest rate rises and a very compliant, dovish statement. We are trading in a nice trading range at the moment of 0.7720 to 0.7820.\r\n\r\n<strong>NZD/USD: Closing Price 0.7240</strong>. The RBNZ turned dovish last week. The double top pattern on the weekly chart is now in play and we are targeting lows in a measured move of around 0.6000. Happy days and drinks all round if this move plays out. The next support from existing levels is at 0.7230 then at 0.7070 and resistance is at 0.7310.\r\n\r\n<strong>USD/CAD: Closing Price 1.2729.</strong> This pair is in a very bullish trend. I think we are on our way to 1.3000. Support is at 1.2620 and resistance after 1.2700 is at 1.2790. As long as the price of oil remains heavy the CAD currency should weaken overall. Personally, I think that Oil will eventually find a bottom but I think that it will have to get to maybe the mid $30’s a barrel first.\r\n\r\n<strong>USD/CHF: Closing Price 0.9180</strong>. We are starting to see patterns and moves on the charts again. Many brokers have tightened up on trading CHF pairs, although there looks to be opportunities coming up. I am looking at 0.9160 offering some support and 0.9300 is the next resistance.\r\n\r\n<strong>USD/JPY: Closing Price 117.47. </strong> The JPY is still rangey and I still think prime for a big move. The range is 116.50 to 118.50.\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&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\n&nbsp;\r\n\r\nSUNDAY: CNY – HSBC Final Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Trade Balance.\r\n<span style=\"line-height: 1.5;\">MONDAY: AUD – RBA Rate Statement.</span>\r\n\r\nTUESDAY: GBP – Construction PMi.\r\n\r\nTUESDAY: NZD – Unemployment Data and GDT index.\r\nTUESDAY: NZD – RBNZ Governor Wheeler Speaks.\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – IVEY PMi.\r\nWEDNESDAY: USD – ISM non-Manufacturing PMi.\r\nWEDNESDAY: AUD – Retail Sales.\r\n\r\nTHURSDAY: GBP – BOE Bank Rate and maybe a MPC Rate Statement.\r\nTHURSDAY: CAD – Trade Balance.\r\nTHURSDAY: USD – Trade Balance.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement.\r\n\r\nFRIDAY: CAD – Unemployment Data.\r\nFRIDAY: USD – Non-Farm Employment Data and Unemployment Rate.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.3 FINAL THOUGHTS / CLOSING COMMENTS:</span>\r\n\r\nThis is a very big week on news.\r\n\r\nWhilst 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 February 1st 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;\">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.','COMMODITY CURRENCIES SHOULD BE THE FOCUS OF YOUR FX TRADING AT THE MOMENT','','inherit','open','closed','','5237-revision-v1','','','2015-02-01 03:42:53','2015-02-01 08:42:53','',5237,'https://weeklyfxdrivethru.com/5237-revision-v1/',0,'revision','',0),