(4716,1,'2014-11-08 12:26:54','2014-11-08 17:26:54','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility at the end of the week with the ECB Press Conference and U.S. Non-Farm payroll reports.\r\n\r\nI stayed more or less on the sidelines during the week and traded very lightly. Over the past few major events I had been caught the wrong side on trades that took hedging to clear which, I am OK with but it is not something that I want to use all the time. In my TRADING PLAN hedging is essentially a facility that I adopt when trading in particular, commodity cross-rates and Nordic currencies. PREMIUM SERVICE SUBSCRIBERS are able to access my articles / thoughts on hedging under the EDUCATION tab inside TRADING ESSENTIALS section of the website.\r\n\r\nAll of the news from Australia and New Zealand earlier in the week faded away very quickly as all eyes were on Draghi and then the jobs report in the U.S.\r\n\r\nDraghi, I will talk about later…I just cannot resist my slant on matters EUROZONE.\r\n\r\nWith regards to the Non-Farm payroll numbers, because the earlier ADP and PMi data releases showed highs from recent times, I like many other observers was slanted towards blowout numbers approaching 300,000, much higher than the predicted 233,000. The number was 214,000. It was still above the key 200,000 but given the prior supporting data it was treated as a little disappointing.\r\n\r\nAll my pre-release work was wasted. After about an hour and a half I set up some limit order entry trades (RADAR TRADES).\r\n\r\nI view the pullback with the USD only a temporary factor. A multi year trend line has been tested and we are in breakout territory. With such inflection points in play you have to expect major buyer / seller activity to see who wins out!\r\n\r\nBelow I include two USD index charts (DXY). The first shows the breakout and the second the multi year trend line.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014.png\"><img class=\"aligncenter size-large wp-image-4706\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014-1024x515.png\" alt=\"DXY - DAILY TREND LINE 08112014\" width=\"1024\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE.png\"><img class=\"aligncenter size-large wp-image-4705\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE-1024x527.png\" alt=\"DXY 29 YEAR TREND LINE\" width=\"1024\" height=\"527\" /></a>\r\n\r\n&nbsp;\r\n\r\nBefore moving on; we must in my opinion think about one key fundamental factor after two big weeks of Forex moves.\r\n\r\nThat is Fundamentally nothing has changed, with the exception of the BOJ adding additional easing.\r\n\r\nThis fact we must bear in mind moving forward. We have been given opportunities to enter the markets at better prices.\r\n\r\nIf your fundamental views remain that the EUR is going lower, the USD is strengthening, the RBA and RBNZ are looking to weaken their currencies and finally you believe that the BOJ is aiming for 120.00 in the USD/JPY. Then you have a direction and you should have a plan in place.\r\n\r\nI still have PLAN A on the table albeit suspended whilst we get over the high beta news events. PLAN A will bite back next week, it is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up-coming moves so maybe missing a hundred or so pips over the past few days does not concern me too much.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nThis week as I thought it would be, was a very limited trading week. I only completed 7 trades (6 x profitable and 1 x losing trade\r\n\r\nAs I have repeatedly stated trading Forex, establishing longevity in Forex Trading can only be achieved if you are selective when and how you trade. It took me 5 years to come to terms with this and even now to remain disciplined is extremely hard.\r\n\r\nAbout 8 months ago, I opened up the PREMIUM SERVICE to basically a $20.00 (4 week) trial. Almost 90% of the traders that took advantage of this low cost entry were gamblers. The number of communications that I received about not having 8-10 trades a day was incredible. After a couple of months, I removed the offer.\r\n\r\nYou have to face the simple facts… “IT IS YOU VERSUS THE MARKET”. You have to be savvy, cute and non-trusting of some of the information that you are given, in particular from politicians. Being technical is NOT enough in my opinion. You must have a fundamental overview to give you balance and more than a 5-minute directional viewpoint.\r\n\r\nTherefore in summary, let the trades come to you. This past week was one of those weeks.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nOver the past few weeks the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MICRO LOT TRADING = minimum $1,000.00 to $5,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MINI LOT TRADING = minimum $5,000.00 to $20,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>STANDARD LOT TRADING = minimum $20,000.00 onwards.</strong></span></p>\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\"><img class=\"aligncenter size-full wp-image-4712\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\" alt=\"PREM SERV PROFITS1 08112014\" width=\"446\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\"><img class=\"aligncenter size-full wp-image-4713\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\" alt=\"PREM SERV PROFITS2 08112014\" width=\"465\" height=\"436\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK</strong></span></p>\r\nWhat can I say… from last week’s blog I am going to claim I got it almost 100% correct.\r\n\r\nDraghi did not add anything new last Thursday.\r\n\r\nHe did nothing but talk, which is what Draghi and the ECB are good at.\r\n\r\nGiven the pressure that he was under from Germany, in particular, Jens Weidmann President of the Deutsche Bundesbank, Mario Draghi stood firm over the comments he had made earlier in Jackson Hole in October, which some EUROZONE officials have stated under their breath were made without clearance…. presumably from Germany whether it be Berlin or Frankfurt.\r\n\r\nDraghi managed to pull the rabbit from the hat once again on talk. He did show the following: -\r\n<ol>\r\n	<li>Determination in sticking to his previous comments. When he spoke about QE and expanding the balance sheet of the ECB to the 2012 highs of about €3 trillion. He claimed that the decisions associated with this were 100% unanimous. This shows that he is still in control at the ECB.</li>\r\n	<li>He was very confident in the fact that he had the mandate from the ECB Governing Council to add stimulus if required.</li>\r\n	<li>He was very clear showing that in comparison to the United States the ECB assets are going to expand whilst the U.S. contracts.</li>\r\n	<li>He left the door open to say that he would not hesitate to act if inflation continued to stagnate or if the Governing Council thought that the present action was not enough.</li>\r\n</ol>\r\nWhilst, I think that Draghi has a thankless job, as he is in a puppet position with Berlin holding the strings; he has shown a side of steel that he needs to portray to the markets for the markets to believe the claims of independence that the ECB claims to have.\r\n\r\nNevertheless, I can only imagine the conversations being made behind Draghi’s back in Germany following his comments last Thursday during the ECB Press Conference. As we all now know, because Germany has it’s a “their way or the highway” approach to all matters in the EUROZONE, they need to be dragged screaming like a child to do the right thing, if it’s against their economic strategies. In this case sovereign bond buying (QE).\r\n\r\nCast your minds back. The Germans were anti-EUROZONE bailouts for Greece, Portugal and Ireland. At the eleventh hour and 59 minutes and 59 seconds, Germany suddenly realized that without bailouts the EUROZONE would have collapsed because there was no alternative and finally reality set in.\r\n\r\nAs I have written many times over the past few months, DEFLATION is sitting in the EUROZONE and the Germans are once again in denial.\r\n\r\nCan you imagine the phone calls from Frankfurt to Berlin when Draghi announced the expansion of the ECB balance sheet back to 2012 highs of €3 trillion?\r\n\r\nThis comment from Draghi was made only days after the news agencies (I think it was Reuters) claimed that there was an ECB rebellion.\r\n\r\nAs stated earlier, with this as a backdrop to pull the rabbit from the hat was his finest hour; it was a triumph for him personally.\r\n\r\nMake no mistake; the knives are being sharpened as I type (if not done already) in Berlin and Frankfurt. The were threats of resignations from Jens Weidman and Sabine Lautenschlaeger (President and Vice President of the Bundesbank) but I will be surprised if they happen.\r\n\r\nWhat will happen, in my opinion, after showing that he can cut the puppet strings from Berlin if only for an hour is the following: -\r\n\r\nI would imagine that he would only exercise the purchase of government bonds if EUROZONE inflation continues to remain in DEFLATIONARY mode.\r\n\r\nThe Germans must recognize even if dragged screaming or not, that the risks of DEFLATION are much greater than the risk of credit losses on any potential assets purchased by the ECB.\r\n\r\nFull-blown QE purchasing sovereign bonds is only a matter of time in my opinion. Germany will get on board - they have to because there is no alternative.\r\n\r\nDraghi has played his “joker card”, there can be no more talk. He has committed finally to action, but I do not think that it will be plain sailing. He will have many bridges to repair and smooth over ruffled feathers with his doubters in the EUROZONE because if he does not, I think that he will be acting out modern day scenes from Julius Caesar.\r\n\r\nWill I soon be writing about Draghi being a man of action?\r\n\r\nWell, it may not go that far, but I do know that he is probably a man with a target on his back given what has transpired over the past few days and he will have to keep looking over his shoulder.\r\n\r\nMaybe his career in Italian politics will come around sooner than anticipated?\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>THE STAGES OF LOSS IN FOREX:</strong></p>\r\nOne of the first things that you should learn in Forex trading is accepting defeat. Although it is a normal part of the overall trading process, losing is something that many traders, both newbies and pros have difficulty with.\r\n\r\nThink about it. Losing in a game where nothing is at stake is tough enough, but so much more painful when there is actual money involved that you have worked very hard for.\r\n\r\nThe main reason behind the difficulty in coping with losses lies with the lack of understanding rather than actual psychological problems. People who are experiencing loses misunderstand the negative emotions that are attached with them, which can cause anguish and despair. This eventually makes them quit Forex trading altogether. People who cannot deal with the psychology of losing end up exiting the Forex trading business quickly.\r\n\r\nIn this article I would like to address that lack of knowledge with losses. In the next several paragraphs, I am going to talk about the four stages of loss in Forex, namely denial, rationalizing, depression, and acceptance.\r\n\r\nDo the terms sound familiar? They should, because they are similar to the four stages of grief. Do note, however, that they are applied differently in Forex. My desire is that by getting to know these four stages, you will be better prepared to handle the losses that come with trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 1: DENIAL</span>\r\n\r\nThe first stage of loss enables you to deal with the losing trade. In this phase you deny to yourself and to others that your trading idea was wrong, and that the loss wasn’t your fault. Reasons like “I was stop hunted” and “I didn’t really care for that trade” are normally used. There’s noting wrong feeling this way, especially if you are new. It\'s a way to ease the blow to your ego, survive the loss, and move on.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 2: RATIONALIZATION</span>\r\n\r\nAfter the denial stage, you move on to rationalizing your trade setup. This is the point in time where you point out everything that’s right about your trade idea and do not even think about what you did wrong. You cite the appropriateness of your trading plan, profit target, stop loss, and entry point but totally disregard that you actually did lose the trade and made a mistake somewhere.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 3: DEPRESSION</span>\r\n\r\nAt this point, you have already looked at the possible external reasons for your loss. You then turn inward and consider the idea that the loss was completely caused by your own doing.\r\n\r\nAlthough it is reasonable to take responsibility for your loss, blaming yourself too much can be damaging to your Forex career if it leads to you consistently doubting yourself. You might ask yourself questions like “Is Forex trading really for me?” and “Why go on at all?” You could even wind up withdrawing yourself from the business altogether if you can’t find enough reasons to keep pushing forward.\r\n\r\nThose who have experienced this kind of self-doubt can attest that the longer the losing streak is the more intense the feeling of depression. In some cases, you could even see yourself thinking of pursuing other business ventures out there and giving up Forex trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 4: ACCEPTANCE</span>\r\n\r\nIn this stage, you begin to realize that it is unhealthy to blame yourself for everything that went wrong. Even though you have accepted that the loss was partly your fault, you are also mindful of the fact that the Forex market is a wild untamed beast and that there are plenty of market factors beyond your control.\r\n\r\nLet me clarify though that acceptance is not simply about feeling okay about the loss. In truth, acceptance is more about aligning yourself with reality and realizing that the loss cannot be undone.\r\n\r\nWhen you reach this stage, you accept that you have made some mistakes on your part but that there are also things you are unable to control. Some even say that acceptance is a mix of rationalization and depression, as you combine the two before you are able to move on.\r\n\r\nAt the end of the day, it is important to remind yourself that you can never truly reverse what has been lost but you can make up for it. One obvious way to do this is to have a winning trade and recover financially, but you can work on rebounding mentally as well.\r\n\r\nYou can come up with improvements for your trading strategy, exercise better risk management, or just figure out how to handle you losses better. Instead of simply denying the loss, you have to move on, adapt and grow.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT204\r\nEUR/USD\r\nShort\r\nCost Average: 1.2450\r\nStop at: 1.2500\r\nLimit at: 1.1860\r\nClosing Price: 1.2452\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nRT205\r\nGBP/USD\r\nShort\r\nCost Average: 1.5870\r\nStop at: 1.5940\r\nLimit at: 1.5200\r\nClosing Price: 1.5865\r\nCurrent Profit / Loss Position: +5 pips\r\n\r\nRT206\r\nAUD/USD\r\nShort\r\nCost Average: 0.8640\r\nStop at: 0.8675\r\nLimit at: 0.8000\r\nClosing Price: 0.8634\r\nCurrent Profit / Loss Position: +6 pips\r\n\r\nRT207\r\nNZD/USD\r\nShort\r\nCost Average: 0.7760\r\nStop at: 0.7845\r\nLimit at: 0.7000\r\nClosing Price: 0.7750\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2033\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong\r\nCost Average: 1.8520\r\nStop Loss at: 1.8150\r\nLimit At 1.9200\r\nClosing Price: 1.8378\r\nCurrent Profit / Loss Position: -142 pips\r\n<strong>(This trade is hedged from -100 pips)</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI am still a USD bull and PLAN A is still in play.\r\n\r\nI am however stalling following Friday’s trading. After Non-Farm payrolls we saw some very strange moves in the Forex market. The volatility and swings from buyers in control to sellers in control was a little ridiculous at times.\r\n\r\nI had placed 4 x RADAR TRADES with my brokers, all four triggered on a short squeeze on the USD index (DXY).\r\n\r\nI want to make certain at the beginning of next week that the moves lower in particular with the AUD/USD and NZD/USD were not false breakdowns. We breached reversal levels in the short squeeze and although there was a pullback, I need confirmation that my limit order entries are going to hold, otherwise the trades will be covered and PLAN B will be put into play.\r\n\r\nWe are at a very key level with the DXY. The 29-year trend line is holding matters up and it will be frustrating for a few days until we see clear confirmation of whether the USD bears or bulls have won the day.\r\n\r\nPatience is a virtue in these instances. As a result there are no charts to look at. I need to see how trading goes on Monday in the North American session before committing to a longer-term plan.\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<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nAUD/JPY\r\nCAD/JPY\r\nUSD/SEK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nAUD/CAD\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/CHF\r\nGBP/CHF\r\n\r\nThere are so few pairs listed this week, it tells me that we are at a crossroads once again.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2452.</strong> A very volatile week saw the EUR/USD drop about 100 pips further from last week’s closing price. Draghi has sent his message loud and clear to the markets. It is now just a matter of time before circumstances will see him actively intervening in the bond market. As I wrote about in macro terms in Section 4, I was a little concerned with the price action at the end of last week. My support and resistance levels to sway me one way or the other are; 1.2363 and 1.2580\r\n\r\n<strong>GBP/USD: Closing Price 1.5865</strong>. A very similar story to that of the EUR/USD, we saw a drop of over 100 pips in the cable this past week. I am still very bearish this pair and find it fascinating to watch the BOE back pedal like crazy over rate hikes. Carney delivers his Inflation report this week, when Mervyn King was the Governor of the BOE, the cable was good for a 50-pip drop just on King entering the room. Times have changed, however, I think that Carney will be delivering content in his speech from a high altitude where the air is thin trying to disguise the fact he screwed up earlier this year at London Lord Mayor’s Mansion House event. We may not get any clues on rate increases given the fact he is poor on supplying effective timings. I see big support at 1.5720 and resistance is good at 1.6040.\r\n\r\n<strong>AUD/USD: Closing Price 0.8634</strong>. A nice 100-pip plus fall from last week’s closing price, however, I am not 100% certain of the direction of the Aussie moving forward. I feel bearish but I am not 100% convinced. I am concerned that we could be heading back towards 0.9000 to re-test before falling lower again. The support and resistance levels that I am looking closely at are 0.8540 and 0.8670.\r\n\r\n<strong>NZD/USD: Closing Price 0.7750</strong>. A 200-pip fall from last weeks close, but I fear that we may have fallen too fast and my fear is that we are about to head back to 0.8000 before dropping lower again. This sets up a nice short but I was hoping that we would be set up on our way towards 0.7250 and then 0.7000. Patience is a virtue, I must write that about 5-10 times a week. Support to convince me we are going lower is at 0.7665 and resistance telling me that 0.8000 could be on the cards is at 0.7780.\r\n\r\n<strong>USD/CAD: Closing Price 1.1329.</strong> Blow out employment data on Friday sent this pair spiraling lower back towards 1.1300. 1.1310 held as support and this is my support level moving forward. My resistance level is at 1.1400.\r\n\r\n<strong>USD/CHF: Closing Price 0.9663</strong>. Not a whole lot going on with this pair. We broke above 0.9700 and this placed this pair in breakout territory. After NFP it could hold this level. Support is now at 0.9640 and resistance is at 0.9700.\r\n\r\n<strong>USD/JPY: Closing Price 114.62. </strong>What a move. The BOJ have really placed a cat amongst the pigeons with the JPY. The question is where does it stop. My thoughts are as usual with JPY pairs in round numbers, therefore 120.00 springs to mind straightway. For now the immediate levels to interest me are support at 114.00 and resistance at 115.50.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: CNY – CPi.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Governor Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – BOE Inflation report &amp; Governor Carney speaks.\r\n\r\nTHURSDAY: - N/A.\r\n\r\nFRIDAY: USD – Retail Sales and Core Retail Sales.\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere is not a huge amount of news about this coming week. There are however, market movers with what news events are on the horizon.\r\n\r\nGovernors Wheeler and Carney will move the markets with their reports on Tuesday and Wednesday. These are the two standouts for me.\r\n\r\nAs already written, we are at a crossroads once again, in my opinion. The reaction will be fascinating. Mentally, I am set up for USD strength to resume but I may have to place those thoughts and plans on hold for a few days first.\r\n\r\nFundamentally, nothing has changed. It is technicals that are holding matters up for the now.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 8th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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.','DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK','','publish','open','closed','','draghis-finest-hour-now-watch-back','','','2014-11-08 12:26:54','2014-11-08 17:26:54','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4716',0,'member_posts','',0),(4679,1,'2014-11-01 13:13:04','2014-11-01 18:13:04','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span> </strong> <strong>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years,achieve theinitial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their claws intoDraghi and his merry-men of the ECB.The thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something that Draghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and the Bundesbank.\r\n\r\nFor this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>3 QUICK WAYS TO ENHANCE YOUR FOREX TRADING SKILLS:</strong></p>\r\nIt is always a good thing in life not to be seen as a one trick pony. In Forex it’s just the same, you need to have several trading alternatives that you can rely upon should the market timing dictate. Not only do you need to know your trading strategies off by heart but you also need to have and be willing to try other approaches when the market environment changes.\r\n\r\nIn order to sustain your trading edge, you must always be ready to adapt and this requires diversifying your skills. New skills do not need to be far away from your existing, sometimes it is just tweaks in your habits to find new opportunities.\r\n\r\nHere are 3 ideas:\r\n\r\n<span style=\"text-decoration: underline;\">LOOK AT OTHER TIMEFRAMES:</span>\r\n\r\nIf you are a day trader, it does not mean that you have to stick to shorter time frames all the time.\r\n\r\nIt is not unusual to hear of day traders checking out larger / longer time frames to see the currency pairs directional trend.\r\n\r\nAt the same time, swing and position traders usually learn about significant levels (Fibonacci Retracement and Pivot Points) and adding positions from day trading techniques.\r\n\r\n<span style=\"text-decoration: underline;\">\r\nTRY TRADING OTHER PAIRS:</span>\r\n\r\nIf you think that you have mastered the behavior of a currency. Move up to next stage.\r\n\r\ne.g. If you consider yourself the NZD/USD expert amongst your peers, try looking at the NZD/JPY, or EUR/NZD.\r\n\r\nThis way you are maximizing your ability to predict the Kiwi’s price action, but your trade ideas aren’t limited to a couple of currency pairs.\r\n<span style=\"text-decoration: underline;\">BE OPEN TO OTHER TRADE SETUPS:</span>\r\n\r\nExpanding your trading skills ultimately boils down to you being open to new strategies. Again, you do not have to veer far away from the skills that you already have.\r\n\r\nIf you are a system / probabilities trader and you can spot confluences even in your sleep, then it wouldn’t hurt you to try out other systems that have similar concepts. Discretionary traders can also make room for new ideas and trading opportunities by looking at other leading or lagging indicators or adjusting the parameters.\r\n\r\nIf you are trading ranges and you know when they’re about to break out, then maybe you could try breakout trading.\r\n\r\nThe whole point of this exercise is for you to acquire new weapons in your trading arsenal. Having an edge in trading is always a good thing, but you need to develop fresh sources of “edge” to sustain your advantage.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong><strong> </strong>\r\n\r\nThere are no LIVE RADAR trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong\r\nCost Average at: 1.1340\r\nStop at 1.1170\r\nLimit at 1.1570\r\nPresent Price: 1.1265\r\nCurrent Profit / Loss Position: -75 pips\r\n(This trade is currently hedged from -70 pips)\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n&nbsp;\r\n\r\nI am still a USD bull and PLAN A is still very much in play.\r\n\r\nHere are the trades that are on my RADAR. These are written out already and just need to be loaded into my broker accounts on Sunday night / Monday morning. I will tweet when I load a trade.\r\n\r\nEUR/USD\r\nSHORT\r\nENTRY AT 1.2550\r\nSTOP AT 1.2620\r\nLIMIT AT 1.2100\r\n(50% retracement of big move from 2000 lows of 0.8205 to 2008 highs at 1.5998)\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4658\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014-1024x491.png\" alt=\"EURUSD WEEKLY 31102014\" width=\"1024\" height=\"491\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\nGBP/USD\r\nSHORT\r\nENTRY AT 1.6040\r\nSTOP AT 1.6150\r\nLIMIT 1.5460\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4656\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014-1024x491.png\" alt=\"GBPUSD MONTHLY 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/USD\r\nSHORT\r\nENTRY AT 0.7840\r\nSTOP AT 0.7920\r\nLIMIT 0.7500\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4655\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014-1024x491.png\" alt=\"NZDUSD WEEKLY 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD\r\nSHORT\r\nENTRY AT 0.8900\r\nSTOP AT 0.9000\r\nLIMIT AT 0.7500\r\n\r\nUSD/CHF\r\nLONG\r\nENTRY FROM 0.9580\r\nSTOP AT 0.9510\r\nLIMIT 0.9750\r\n\r\nEUR/NZD\r\nLONG\r\nENTRY AT 1.6030\r\nSTOP AT 1.5850\r\nLIMIT AT 1.6450 then second objective = 1.7250\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014.png\"><img class=\"aligncenter size-large wp-image-4659\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014-1024x491.png\" alt=\"EURNZD 12 HOUR 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n<strong> </strong>\r\n\r\nGBP/NZD\r\nLONG\r\nENTRY AT 2.0250\r\nSTOP AT 1.9800\r\nLIMIT AT 2.1050\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014.png\"><img class=\"aligncenter size-large wp-image-4657\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014-1024x491.png\" alt=\"GBPNZD 12 HOUR 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\nI will obviously add any more trade set-ups via twitter and THE DAILY FX POST as I see them.\r\n\r\n<strong> </strong>\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<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/CHF\r\nUSD/JPY\r\nAUD/JPY\r\nCAD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nGBP/CHF\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:\r\n</span>\r\nEUR/USD\r\nGBP/USD\r\nNZD/USD\r\nEUR/GBP\r\nEUR/AUD\r\nEUR/CHF\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span><strong> </strong></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"text-decoration: underline;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\n&nbsp;\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','publish','open','closed','','will-ecb-deliver-markets-expecting','','','2014-11-01 13:13:04','2014-11-01 18:13:04','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4679',0,'member_posts','',0),(4680,1,'2014-11-01 13:11:25','2014-11-01 18:11:25','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span> </strong> <strong>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years, achieve the initial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their claws into Draghi and his merry-men of the ECB.\r\n\r\nThe thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something that Draghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and the Bundesbank.\r\n\r\nFor this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>3 QUICK WAYS TO ENHANCE YOUR FOREX TRADING SKILLS:</strong></p>\r\nIt is always a good thing in life not to be seen as a one trick pony. In Forex it’s just the same, you need to have several trading alternatives that you can rely upon should the market timing dictate. Not only do you need to know your trading strategies off by heart but you also need to have and be willing to try other approaches when the market environment changes.\r\n\r\nIn order to sustain your trading edge, you must always be ready to adapt and this requires diversifying your skills. New skills do not need to be far away from your existing, sometimes it is just tweaks in your habits to find new opportunities.\r\n\r\nHere are 3 ideas:\r\n\r\n<span style=\"text-decoration: underline;\">LOOK AT OTHER TIMEFRAMES:</span>\r\n\r\nIf you are a day trader, it does not mean that you have to stick to shorter time frames all the time.\r\n\r\nIt is not unusual to hear of day traders checking out larger / longer time frames to see the currency pairs directional trend.\r\n\r\nAt the same time, swing and position traders usually learn about significant levels (Fibonacci Retracement and Pivot Points) and adding positions from day trading techniques.\r\n\r\n<span style=\"text-decoration: underline;\">\r\nTRY TRADING OTHER PAIRS:</span>\r\n\r\nIf you think that you have mastered the behavior of a currency. Move up to next stage.\r\n\r\ne.g. If you consider yourself the NZD/USD expert amongst your peers, try looking at the NZD/JPY, or EUR/NZD.\r\n\r\nThis way you are maximizing your ability to predict the Kiwi’s price action, but your trade ideas aren’t limited to a couple of currency pairs.\r\n<span style=\"text-decoration: underline;\">BE OPEN TO OTHER TRADE SETUPS:</span>\r\n\r\nExpanding your trading skills ultimately boils down to you being open to new strategies. Again, you do not have to veer far away from the skills that you already have.\r\n\r\nIf you are a system / probabilities trader and you can spot confluences even in your sleep, then it wouldn’t hurt you to try out other systems that have similar concepts. Discretionary traders can also make room for new ideas and trading opportunities by looking at other leading or lagging indicators or adjusting the parameters.\r\n\r\nIf you are trading ranges and you know when they’re about to break out, then maybe you could try breakout trading.\r\n\r\nThe whole point of this exercise is for you to acquire new weapons in your trading arsenal. Having an edge in trading is always a good thing, but you need to develop fresh sources of “edge” to sustain your advantage.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong><strong> </strong>\r\n\r\nThere are no LIVE RADAR trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong\r\nCost Average at: 1.1340\r\nStop at 1.1170\r\nLimit at 1.1570\r\nPresent Price: 1.1265\r\nCurrent Profit / Loss Position: -75 pips\r\n(This trade is currently hedged from -70 pips)\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n&nbsp;\r\n\r\nI am still a USD bull and PLAN A is still very much in play.\r\n\r\nHere are the trades that are on my RADAR. These are written out already and just need to be loaded into my broker accounts on Sunday night / Monday morning. I will tweet when I load a trade.\r\n\r\nEUR/USD\r\nSHORT\r\nENTRY AT 1.2550\r\nSTOP AT 1.2620\r\nLIMIT AT 1.2100\r\n(50% retracement of big move from 2000 lows of 0.8205 to 2008 highs at 1.5998)\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4658\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014-1024x491.png\" alt=\"EURUSD WEEKLY 31102014\" width=\"1024\" height=\"491\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\nGBP/USD\r\nSHORT\r\nENTRY AT 1.6040\r\nSTOP AT 1.6150\r\nLIMIT 1.5460\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4656\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014-1024x491.png\" alt=\"GBPUSD MONTHLY 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/USD\r\nSHORT\r\nENTRY AT 0.7840\r\nSTOP AT 0.7920\r\nLIMIT 0.7500\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4655\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014-1024x491.png\" alt=\"NZDUSD WEEKLY 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD\r\nSHORT\r\nENTRY AT 0.8900\r\nSTOP AT 0.9000\r\nLIMIT AT 0.7500\r\n\r\nUSD/CHF\r\nLONG\r\nENTRY FROM 0.9580\r\nSTOP AT 0.9510\r\nLIMIT 0.9750\r\n\r\nEUR/NZD\r\nLONG\r\nENTRY AT 1.6030\r\nSTOP AT 1.5850\r\nLIMIT AT 1.6450 then second objective = 1.7250\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014.png\"><img class=\"aligncenter size-large wp-image-4659\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014-1024x491.png\" alt=\"EURNZD 12 HOUR 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n<strong> </strong>\r\n\r\nGBP/NZD\r\nLONG\r\nENTRY AT 2.0250\r\nSTOP AT 1.9800\r\nLIMIT AT 2.1050\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014.png\"><img class=\"aligncenter size-large wp-image-4657\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014-1024x491.png\" alt=\"GBPNZD 12 HOUR 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\nI will obviously add any more trade set-ups via twitter and THE DAILY FX POST as I see them.\r\n\r\n<strong> </strong>\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<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/CHF\r\nUSD/JPY\r\nAUD/JPY\r\nCAD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nGBP/CHF\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:\r\n</span>\r\nEUR/USD\r\nGBP/USD\r\nNZD/USD\r\nEUR/GBP\r\nEUR/AUD\r\nEUR/CHF\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span><strong> </strong></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"text-decoration: underline;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\n&nbsp;\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','inherit','open','closed','','4679-revision-v1','','','2014-11-01 13:11:25','2014-11-01 18:11:25','',4679,'https://weeklyfxdrivethru.com/4679-revision-v1/',0,'revision','',0),(4681,1,'2014-11-01 13:13:04','2014-11-01 18:13:04','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span> </strong> <strong>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years,achieve theinitial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their claws intoDraghi and his merry-men of the ECB.The thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something that Draghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and the Bundesbank.\r\n\r\nFor this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>3 QUICK WAYS TO ENHANCE YOUR FOREX TRADING SKILLS:</strong></p>\r\nIt is always a good thing in life not to be seen as a one trick pony. In Forex it’s just the same, you need to have several trading alternatives that you can rely upon should the market timing dictate. Not only do you need to know your trading strategies off by heart but you also need to have and be willing to try other approaches when the market environment changes.\r\n\r\nIn order to sustain your trading edge, you must always be ready to adapt and this requires diversifying your skills. New skills do not need to be far away from your existing, sometimes it is just tweaks in your habits to find new opportunities.\r\n\r\nHere are 3 ideas:\r\n\r\n<span style=\"text-decoration: underline;\">LOOK AT OTHER TIMEFRAMES:</span>\r\n\r\nIf you are a day trader, it does not mean that you have to stick to shorter time frames all the time.\r\n\r\nIt is not unusual to hear of day traders checking out larger / longer time frames to see the currency pairs directional trend.\r\n\r\nAt the same time, swing and position traders usually learn about significant levels (Fibonacci Retracement and Pivot Points) and adding positions from day trading techniques.\r\n\r\n<span style=\"text-decoration: underline;\">\r\nTRY TRADING OTHER PAIRS:</span>\r\n\r\nIf you think that you have mastered the behavior of a currency. Move up to next stage.\r\n\r\ne.g. If you consider yourself the NZD/USD expert amongst your peers, try looking at the NZD/JPY, or EUR/NZD.\r\n\r\nThis way you are maximizing your ability to predict the Kiwi’s price action, but your trade ideas aren’t limited to a couple of currency pairs.\r\n<span style=\"text-decoration: underline;\">BE OPEN TO OTHER TRADE SETUPS:</span>\r\n\r\nExpanding your trading skills ultimately boils down to you being open to new strategies. Again, you do not have to veer far away from the skills that you already have.\r\n\r\nIf you are a system / probabilities trader and you can spot confluences even in your sleep, then it wouldn’t hurt you to try out other systems that have similar concepts. Discretionary traders can also make room for new ideas and trading opportunities by looking at other leading or lagging indicators or adjusting the parameters.\r\n\r\nIf you are trading ranges and you know when they’re about to break out, then maybe you could try breakout trading.\r\n\r\nThe whole point of this exercise is for you to acquire new weapons in your trading arsenal. Having an edge in trading is always a good thing, but you need to develop fresh sources of “edge” to sustain your advantage.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong><strong> </strong>\r\n\r\nThere are no LIVE RADAR trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong\r\nCost Average at: 1.1340\r\nStop at 1.1170\r\nLimit at 1.1570\r\nPresent Price: 1.1265\r\nCurrent Profit / Loss Position: -75 pips\r\n(This trade is currently hedged from -70 pips)\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at the present time.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\n&nbsp;\r\n\r\nI am still a USD bull and PLAN A is still very much in play.\r\n\r\nHere are the trades that are on my RADAR. These are written out already and just need to be loaded into my broker accounts on Sunday night / Monday morning. I will tweet when I load a trade.\r\n\r\nEUR/USD\r\nSHORT\r\nENTRY AT 1.2550\r\nSTOP AT 1.2620\r\nLIMIT AT 1.2100\r\n(50% retracement of big move from 2000 lows of 0.8205 to 2008 highs at 1.5998)\r\n\r\n<strong> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4658\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURUSD-WEEKLY-31102014-1024x491.png\" alt=\"EURUSD WEEKLY 31102014\" width=\"1024\" height=\"491\" /></a></strong>\r\n\r\n&nbsp;\r\n\r\nGBP/USD\r\nSHORT\r\nENTRY AT 1.6040\r\nSTOP AT 1.6150\r\nLIMIT 1.5460\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4656\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPUSD-MONTHLY-31102014-1024x491.png\" alt=\"GBPUSD MONTHLY 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/USD\r\nSHORT\r\nENTRY AT 0.7840\r\nSTOP AT 0.7920\r\nLIMIT 0.7500\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014.png\"><img class=\"aligncenter size-large wp-image-4655\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/NZDUSD-WEEKLY-31102014-1024x491.png\" alt=\"NZDUSD WEEKLY 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD\r\nSHORT\r\nENTRY AT 0.8900\r\nSTOP AT 0.9000\r\nLIMIT AT 0.7500\r\n\r\nUSD/CHF\r\nLONG\r\nENTRY FROM 0.9580\r\nSTOP AT 0.9510\r\nLIMIT 0.9750\r\n\r\nEUR/NZD\r\nLONG\r\nENTRY AT 1.6030\r\nSTOP AT 1.5850\r\nLIMIT AT 1.6450 then second objective = 1.7250\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014.png\"><img class=\"aligncenter size-large wp-image-4659\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/EURNZD-12-HOUR-31102014-1024x491.png\" alt=\"EURNZD 12 HOUR 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n<strong> </strong>\r\n\r\nGBP/NZD\r\nLONG\r\nENTRY AT 2.0250\r\nSTOP AT 1.9800\r\nLIMIT AT 2.1050\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014.png\"><img class=\"aligncenter size-large wp-image-4657\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/GBPNZD-12-HOUR-31102014-1024x491.png\" alt=\"GBPNZD 12 HOUR 31102014\" width=\"1024\" height=\"491\" /></a>\r\n\r\n&nbsp;\r\n\r\nI will obviously add any more trade set-ups via twitter and THE DAILY FX POST as I see them.\r\n\r\n<strong> </strong>\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<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nUSD/CAD\r\nUSD/CHF\r\nUSD/JPY\r\nAUD/JPY\r\nCAD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nAUD/CAD\r\nGBP/CHF\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:\r\n</span>\r\nEUR/USD\r\nGBP/USD\r\nNZD/USD\r\nEUR/GBP\r\nEUR/AUD\r\nEUR/CHF\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span><strong> </strong></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.<strong> </strong>\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"text-decoration: underline;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\n&nbsp;\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','inherit','open','closed','','4679-revision-v1','','','2014-11-01 13:13:04','2014-11-01 18:13:04','',4679,'https://weeklyfxdrivethru.com/4679-revision-v1/',0,'revision','',0),(4685,1,'2014-11-01 13:22:47','2014-11-01 18:22:47','','3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS','','inherit','open','closed','','3-ways-to-enhance-your-forex-trading-skills','','','2014-11-01 13:23:39','2014-11-01 18:23:39','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf',0,'attachment','application/pdf',0),(4686,1,'2014-11-01 13:24:07','2014-11-01 18:24:07','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-01 13:24:07','2014-11-01 18:24:07','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4687,1,'2014-11-01 13:40:00','2014-11-01 18:40:00','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>U.S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years,achievetheinitial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their clawsintoDraghi and his merry-men of the ECB.The thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something thatDraghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and theBundesbank.For this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 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<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','publish','open','closed','','will-ecb-deliver-markets-expecting','','','2014-11-01 14:19:10','2014-11-01 19:19:10','',0,'https://weeklyfxdrivethru.com/?p=4687',0,'post','',0),(4688,1,'2014-11-01 13:39:10','2014-11-01 18:39:10','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years, achieve the initial goals set by Bernanke?\r\n\r\nWe all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their claws into Draghi and his merry-men of the ECB.\r\n\r\nThe thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something that Draghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and the Bundesbank.\r\n\r\nFor this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 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<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','inherit','open','closed','','4687-revision-v1','','','2014-11-01 13:39:10','2014-11-01 18:39:10','',4687,'https://weeklyfxdrivethru.com/4687-revision-v1/',0,'revision','',0),(4694,1,'2014-11-01 14:18:08','2014-11-01 19:18:08','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years,achievetheinitial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their claws intoDraghi and his merry-men of the ECB.The thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something that Draghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and the Bundesbank.\r\n\r\nFor this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 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<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','inherit','open','closed','','4687-revision-v1','','','2014-11-01 14:18:08','2014-11-01 19:18:08','',4687,'https://weeklyfxdrivethru.com/4687-revision-v1/',0,'revision','',0),(4689,1,'2014-11-01 13:40:00','2014-11-01 18:40:00','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years,achieve theinitial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their claws into Draghi and his merry-men of the ECB.\r\n\r\nThe thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something that Draghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and the Bundesbank.\r\n\r\nFor this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 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<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','inherit','open','closed','','4687-revision-v1','','','2014-11-01 13:40:00','2014-11-01 18:40:00','',4687,'https://weeklyfxdrivethru.com/4687-revision-v1/',0,'revision','',0),(4690,1,'2014-11-01 13:59:00','2014-11-01 18:59:00','<span style=\"text-decoration: underline; font-size: 14pt;\"><strong>INTRODUCTION: </strong></span>\r\n\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers benefit from membership.<strong> </strong>\r\n\r\n<strong>\r\n<span style=\"font-size: 14pt;\">WHAT IS THE PREMIUM SERVICE?</span></strong>\r\n\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong> </span>\r\n\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></span>\r\n\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></span>\r\n\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></span>\r\n\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FLASH TRADES:</strong></span> These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\"><img class=\"aligncenter size-full wp-image-4660\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\" alt=\"FLASH1 31102014\" width=\"494\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\"><img class=\"aligncenter size-full wp-image-4661\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\" alt=\"FLASH2 31102014\" width=\"500\" height=\"479\" /></a> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4665\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\" alt=\"FLASH OCT YTD\" width=\"336\" height=\"369\" />\r\n</a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>RADAR TRADES:</strong></span> These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\"><img class=\"aligncenter size-full wp-image-4662\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\" alt=\"RADAR1 31102014\" width=\"554\" height=\"475\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\"><img class=\"aligncenter size-full wp-image-4663\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\" alt=\"RADAR2 31102014\" width=\"557\" height=\"486\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4666\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\" alt=\"RADAR OCT YTD\" width=\"339\" height=\"374\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES:</strong></span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\"><img class=\"aligncenter size-full wp-image-4664\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\" alt=\"FUNDAMENTAL 31102014\" width=\"496\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\"><img class=\"aligncenter size-full wp-image-4667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\" alt=\"FUNDAMENTAL OCT TYD\" width=\"345\" height=\"370\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO </strong><strong>OCTOBER 31st  2014:</strong></span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong></span>\r\n\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE COSTS?</strong></span>\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\n<strong> </strong>\r\n\r\n<strong><span style=\"font-size: 12pt;\">FIRST TIME / INITIAL SUBSCRIPTION RATES:</span>\r\n</strong>\r\n\r\nThere are three subscription options:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RENEWAL RATES:</strong></span>\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n&nbsp;\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong></span>\r\n\r\n&nbsp;\r\n\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\"><img class=\"aligncenter size-full wp-image-4675\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\" alt=\"PREM SERVICE OPTION BROKER 31102014\" width=\"753\" height=\"657\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with. <strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>TRADING BONUS:</strong></span>\r\n\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong></span>\r\n\r\n&nbsp;\r\n\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\n\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\n\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\n\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\n\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nNovember 1st 2014\r\n\r\n<strong>DISCLAIMER:</strong>\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.','THE PREMIUM SERVICE: PERFORMANCE RESULTS – YEAR TO DATE TO 31st OCTOBER 2014','','publish','open','closed','','premium-service-performance-results-year-date-october-2014','','','2014-11-01 13:59:49','2014-11-01 18:59:49','',0,'https://weeklyfxdrivethru.com/?p=4690',0,'post','',0),(4691,1,'2014-11-01 13:57:11','2014-11-01 18:57:11','<span style=\"text-decoration: underline; font-size: 14pt;\"><strong>INTRODUCTION: </strong></span>\r\n\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers benefit from membership.<strong> </strong>\r\n\r\n<strong>\r\n<span style=\"font-size: 14pt;\">WHAT IS THE PREMIUM SERVICE?</span></strong>\r\n\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong> </span>\r\n\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></span>\r\n\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></span>\r\n\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></span>\r\n\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FLASH TRADES:</strong></span> These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\"><img class=\"aligncenter size-full wp-image-4660\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\" alt=\"FLASH1 31102014\" width=\"494\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\"><img class=\"aligncenter size-full wp-image-4661\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\" alt=\"FLASH2 31102014\" width=\"500\" height=\"479\" /></a> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4665\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\" alt=\"FLASH OCT YTD\" width=\"336\" height=\"369\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>RADAR TRADES:</strong></span> These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\"><img class=\"aligncenter size-full wp-image-4662\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\" alt=\"RADAR1 31102014\" width=\"554\" height=\"475\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\"><img class=\"aligncenter size-full wp-image-4663\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\" alt=\"RADAR2 31102014\" width=\"557\" height=\"486\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4666\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\" alt=\"RADAR OCT YTD\" width=\"339\" height=\"374\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES:</strong></span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\"><img class=\"aligncenter size-full wp-image-4664\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\" alt=\"FUNDAMENTAL 31102014\" width=\"496\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\"><img class=\"aligncenter size-full wp-image-4667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\" alt=\"FUNDAMENTAL OCT TYD\" width=\"345\" height=\"370\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO </strong><strong>OCTOBER 31ST 2014:</strong></span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong></span>\r\n\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE COSTS?</strong></span>\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\n<strong> </strong>\r\n\r\n<strong><span style=\"font-size: 12pt;\">FIRST TIME / INITIAL SUBSCRIPTION RATES:</span>\r\n</strong>\r\n\r\nThere are three subscription options:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RENEWAL RATES:</strong></span>\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n&nbsp;\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong></span>\r\n\r\n&nbsp;\r\n\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\"><img class=\"aligncenter size-full wp-image-4675\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\" alt=\"PREM SERVICE OPTION BROKER 31102014\" width=\"753\" height=\"657\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with. <strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>TRADING BONUS:</strong></span>\r\n\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong></span>\r\n\r\n&nbsp;\r\n\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\n\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\n\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\n\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\n\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nNovember 1st 2014\r\n\r\n<strong>DISCLAIMER:</strong>\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.','THE PREMIUM SERVICE: PERFORMANCE RESULTS – YEAR TO DATE TO OCTOBER 2014','','inherit','open','closed','','4690-revision-v1','','','2014-11-01 13:57:11','2014-11-01 18:57:11','',4690,'https://weeklyfxdrivethru.com/4690-revision-v1/',0,'revision','',0),(4692,1,'2014-11-01 13:58:31','2014-11-01 18:58:31','<span style=\"text-decoration: underline; font-size: 14pt;\"><strong>INTRODUCTION: </strong></span>\r\n\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers benefit from membership.<strong> </strong>\r\n\r\n<strong>\r\n<span style=\"font-size: 14pt;\">WHAT IS THE PREMIUM SERVICE?</span></strong>\r\n\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong> </span>\r\n\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></span>\r\n\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></span>\r\n\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></span>\r\n\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FLASH TRADES:</strong></span> These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\"><img class=\"aligncenter size-full wp-image-4660\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\" alt=\"FLASH1 31102014\" width=\"494\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\"><img class=\"aligncenter size-full wp-image-4661\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\" alt=\"FLASH2 31102014\" width=\"500\" height=\"479\" /></a> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4665\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\" alt=\"FLASH OCT YTD\" width=\"336\" height=\"369\" />\r\n</a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>RADAR TRADES:</strong></span> These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\"><img class=\"aligncenter size-full wp-image-4662\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\" alt=\"RADAR1 31102014\" width=\"554\" height=\"475\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\"><img class=\"aligncenter size-full wp-image-4663\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\" alt=\"RADAR2 31102014\" width=\"557\" height=\"486\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4666\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\" alt=\"RADAR OCT YTD\" width=\"339\" height=\"374\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES:</strong></span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\"><img class=\"aligncenter size-full wp-image-4664\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\" alt=\"FUNDAMENTAL 31102014\" width=\"496\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\"><img class=\"aligncenter size-full wp-image-4667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\" alt=\"FUNDAMENTAL OCT TYD\" width=\"345\" height=\"370\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO </strong><strong>OCTOBER 31st  2014:</strong></span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong></span>\r\n\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE COSTS?</strong></span>\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\n<strong> </strong>\r\n\r\n<strong><span style=\"font-size: 12pt;\">FIRST TIME / INITIAL SUBSCRIPTION RATES:</span>\r\n</strong>\r\n\r\nThere are three subscription options:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RENEWAL RATES:</strong></span>\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n&nbsp;\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong></span>\r\n\r\n&nbsp;\r\n\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\"><img class=\"aligncenter size-full wp-image-4675\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\" alt=\"PREM SERVICE OPTION BROKER 31102014\" width=\"753\" height=\"657\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with. <strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>TRADING BONUS:</strong></span>\r\n\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong></span>\r\n\r\n&nbsp;\r\n\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\n\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\n\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\n\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\n\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nNovember 1st 2014\r\n\r\n<strong>DISCLAIMER:</strong>\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.','THE PREMIUM SERVICE: PERFORMANCE RESULTS – YEAR TO DATE TO OCTOBER 2014','','inherit','open','closed','','4690-revision-v1','','','2014-11-01 13:58:31','2014-11-01 18:58:31','',4690,'https://weeklyfxdrivethru.com/4690-revision-v1/',0,'revision','',0),(4693,1,'2014-11-01 13:59:49','2014-11-01 18:59:49','<span style=\"text-decoration: underline; font-size: 14pt;\"><strong>INTRODUCTION: </strong></span>\r\n\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers benefit from membership.<strong> </strong>\r\n\r\n<strong>\r\n<span style=\"font-size: 14pt;\">WHAT IS THE PREMIUM SERVICE?</span></strong>\r\n\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong> </span>\r\n\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\n&nbsp;\r\n\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></span>\r\n\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n\r\n<span style=\"font-size: 14pt;\"><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></span>\r\n\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></span>\r\n\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FLASH TRADES:</strong></span> These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\"><img class=\"aligncenter size-full wp-image-4660\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH1-31102014.png\" alt=\"FLASH1 31102014\" width=\"494\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\"><img class=\"aligncenter size-full wp-image-4661\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH2-31102014.png\" alt=\"FLASH2 31102014\" width=\"500\" height=\"479\" /></a> <a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4665\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FLASH-OCT-YTD.png\" alt=\"FLASH OCT YTD\" width=\"336\" height=\"369\" />\r\n</a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>RADAR TRADES:</strong></span> These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\"><img class=\"aligncenter size-full wp-image-4662\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR1-31102014.png\" alt=\"RADAR1 31102014\" width=\"554\" height=\"475\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\"><img class=\"aligncenter size-full wp-image-4663\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR2-31102014.png\" alt=\"RADAR2 31102014\" width=\"557\" height=\"486\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\"><img class=\"aligncenter size-full wp-image-4666\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RADAR-OCT-YTD.png\" alt=\"RADAR OCT YTD\" width=\"339\" height=\"374\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES:</strong></span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\"><img class=\"aligncenter size-full wp-image-4664\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-31102014.png\" alt=\"FUNDAMENTAL 31102014\" width=\"496\" height=\"518\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\"><img class=\"aligncenter size-full wp-image-4667\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/FUNDAMENTAL-OCT-TYD.png\" alt=\"FUNDAMENTAL OCT TYD\" width=\"345\" height=\"370\" /></a>\r\n\r\n&nbsp;\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO </strong><strong>OCTOBER 31st  2014:</strong></span>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong></span>\r\n\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>WHAT ARE THE COSTS?</strong></span>\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\n<strong> </strong>\r\n\r\n<strong><span style=\"font-size: 12pt;\">FIRST TIME / INITIAL SUBSCRIPTION RATES:</span>\r\n</strong>\r\n\r\nThere are three subscription options:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 12pt;\"><strong>RENEWAL RATES:</strong></span>\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n&nbsp;\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong></span>\r\n\r\n&nbsp;\r\n\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\"><img class=\"aligncenter size-full wp-image-4675\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-OPTION-BROKER-31102014.png\" alt=\"PREM SERVICE OPTION BROKER 31102014\" width=\"753\" height=\"657\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with. <strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>TRADING BONUS:</strong></span>\r\n\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"font-size: 14pt;\"><strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong></span>\r\n\r\n&nbsp;\r\n\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\n\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\n\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\n\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\n\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nNovember 1st 2014\r\n\r\n<strong>DISCLAIMER:</strong>\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.','THE PREMIUM SERVICE: PERFORMANCE RESULTS – YEAR TO DATE TO 31st OCTOBER 2014','','inherit','open','closed','','4690-revision-v1','','','2014-11-01 13:59:49','2014-11-01 18:59:49','',4690,'https://weeklyfxdrivethru.com/4690-revision-v1/',0,'revision','',0),(4695,1,'2014-11-01 14:19:10','2014-11-01 19:19:10','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell… I don\'t think that I can write about a lack of volatility this week.\r\n\r\nThe FOMC statement was a little hawkish and that took many analysts by surprise, but that paled into insignificance with the BOJ surprise on Friday morning (EDT). No one, but no one, can say that Abe and Kuroda have not nailed their true colours to the mast. Holy smokes; the USD/JPY rallied as far as 300 pips on the back of 80 trillion Yen being added to Japan’s QE programme.\r\n\r\nStrangely enough I had closed out all of my LIVE trades, except USD/CAD long, on Thursday morning after the U.S. GDP data was released so I did not trade yesterday (Friday). For me, my October performance was good. It was a good trading month. I have a complete summary in section 2 THE PREMIUM SERVICE.\r\n\r\nDo not expect Draghi and the ECB to do anything as decisive this Thursday and act like the BOJ did last week. All the ECB and Draghi are good for is talk, talk and more talk.\r\n\r\nThe upcoming sessions this week will be great to trade: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n	<li>ECB Press Conference (06.11.2014).</li>\r\n	<li>U.S. Non-Farm payrolls (07.11.2014).</li>\r\n	<li>CAD Employment Data (07.11.2014).</li>\r\n	<li>AUD interest rate and Monetary Policy Statement (03.11.2014).</li>\r\n	<li>NZD Employment Data (04.11.2014).</li>\r\n	<li>AUD Employment Data (05.11.2014).</li>\r\n	<li>GBP Bank Rate (06.11.2014).</li>\r\n</ul>\r\nI am looking forward to the above there should be some great trading opportunities.\r\n\r\nFinally, just some general housekeeping; PREMIUM SERVICE subscribers will note that all the exclusive PREMIUM SERVICE content of THE WEEKLY FX DRIVE THRU will be contained in SECTION 4 of the blog from now on.\r\n\r\nThe FREE NEWSLETTER version will have no SECTION 4\r\n\r\nIn 2015, the PREMIUM SERVICE content may be pointed to a new area allowing me greater flexibility with delivering blog posts and other relevant data direct to your email inbox. I will shortly be having space issues as adding well over 100 pages of content each week on a regular business will cause problems in the not too distant future.\r\n\r\nI am making lots of notes of what I would like to do in readiness for a meeting with my technical support adviser. All changes should be purely in the background, I will keep you posted.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nI had an excellent week of trading. I am still a USD bull, although a few subscribers asked me why I cut all my trades last Thursday. It was a very simple answer. Following the FED announcement, I had several larger positions than of late and when the GDP data was released and when I saw the bounce in the EUR/USD and GBP/USD off support I decided to take the $$$ and have a relaxing ease into the weekend. In addition, later on Thursday I knew I would be away from my computer at a meeting for most of the day, so adding the two together it made sound sense.\r\n\r\nYou can see in the excel sheets below I am still keeping my 80/20 split of profitable to losing trades intact. In fact this month from 61 trades 54 of them (89%) were profitable trades and the remaining 7 trades (11%) were losing trades. Year to date from 434 trades my ratio profitable to losing trades is 83% versus 17%. This is well inside my parameters within my TRADING PLAN.\r\n\r\nThe year to date RISK / REWARD chart is looking really interesting. Next month all things being normal I should pass my 2014 goals on incomes depending upon the lot sizes traded. So far it is as follows: -\r\n\r\n434 x single micro lot trades <span style=\"text-decoration: underline;\"><strong>COST $43.40 PROFIT $956.50</strong></span>\r\n434 x single mini lot trades <span style=\"text-decoration: underline;\"><strong>COST $434.00 PROFIT $9,565.00</strong></span>\r\n434 x single standard lot trades <span style=\"text-decoration: underline;\"><strong>COST $4,340.00 PROFIT $95,660.00</strong></span>\r\n\r\nI am really happy with these returns and once I pass the $1,000.00, $10,000.00 and $100,000.00 levels I will be satisfied with year one of the PREMIUM SERVICE. It’s a little bit better, to say the least, than lodging money with your bank.\r\n\r\nI will be tweeting and blogging with a separate blog post later today with the full and complete set of THE PREMIUM SERVICE October and Year to Date 2014 statistics.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\"><img class=\"aligncenter size-full wp-image-4670\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PS-TRADING-SUMMARY-OCTOBER-2014.png\" alt=\"PS TRADING SUMMARY OCTOBER 2014\" width=\"566\" height=\"333\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\"><img class=\"aligncenter size-full wp-image-4671\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/RISK-REWARD-ANALYSIS-OCT-2014.png\" alt=\"RISK-REWARD ANALYSIS OCT 2014\" width=\"413\" height=\"544\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\"><img class=\"aligncenter size-full wp-image-4668\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-1-31102014.png\" alt=\"PREM SERVICE PROFITS 1 31102014\" width=\"452\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\"><img class=\"aligncenter size-full wp-image-4669\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/PREM-SERVICE-PROFITS-2-31102014.png\" alt=\"PREM SERVICE PROFITS 2 31102014\" width=\"460\" height=\"421\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><strong><span style=\"font-size: 12pt;\">WILL THE ECB DELIVER WHAT THE MARKETS ARE EXPECTING? </span>\r\n</strong></p>\r\nThe short answer is…. NO.\r\n\r\nThe ECB never delivers…it hates the word delivery. It even stopped the rather quaint UK regime of the milkman delivering fresh bottled milk to your doorstep each morning. Whilst I cannot use this as the basis for saying the ECB will not deliver, I have a pretty good historical track record of non-delivery by the ECB on my side.\r\n\r\nThe market wants QE and lots of it.\r\n\r\nDo not for an instant believe that if the ECB did launch a QE programme this Thursday, it wouldn’t be anywhere remotely close to the size/value of the Japanese governments programme.\r\n\r\nI would say that after the FED turning hawkish in the FOMC statement last week, Mario Draghi wiped beads of sweat off his brow and opened a bottle of champagne in celebration, as the Fed came to his help.\r\n\r\nRemember, the mere mention of QE in Brussels, Frankfurt or Berlin has Germans sticking pins in their “Mattel” toy replicas of Mario Draghi. In addition the German politicians go running in unison towards the German Constitutional Court to try and stop him claiming that it is outside the ECB mandate\r\n\r\nWhat do I think are Draghi’s options that he may deliver this Thursday? -\r\n<ol>\r\n	<li>He could follow Sweden and cut interest rates to 0%. Whilst this is not a large reduction it is a powerful statement and message being sent to the markets.</li>\r\n	<li>He could increase the overnight deposit rate levied by the ECB for member states banks depositing money. Again, this move in interest rates sends a message to the banks to get out and lend the cheap money that I have given you access to. At the moment there is not such a huge demand in the EUROZONE for bank loans so country by country political leaders will have to stimulate their economies locally in support of any ECB action.</li>\r\n	<li>I feel that there will be another version of the LTRO or TLTRO in the wings ready to launch. Quite how effective or directional this can be is debatable. But I do think that instead of doing nothing, Draghi will try to appease the markets with something.</li>\r\n	<li>Quantitative Easing (QE), this is what for whatever reason the markets want to see the ECB introduce. Being contrarian for a moment, just how effective is QE? Did all the money added to the FED balance sheet in past five years,achievetheinitial goals set by Bernanke?We all know that the ECB do things half-baked so the approach will be half-assed before it starts and that\'s before the cynics in Germany get their clawsintoDraghi and his merry-men of the ECB.The thoughts of the ECB buying ABS in the open market would send shivers through Frankfurt and Berlin and I just think that this is something thatDraghi has delayed implementation of because he simply cannot get the backing. The ECB states its independence but it is in my opinion controlled by Berlin and theBundesbank.For this reason alone I just cannot see QE being introduced in the EUROZONE.</li>\r\n</ol>\r\nAt the same time do NOT rule out Draghi saying it’s QE when it isn’t!\r\n\r\nI blogged a few weeks ago that the FED would save the ECB and Draghi’s blushes and this is panning out as the FED tightening is weakening the EUR.\r\n\r\nSo far the EUR/USD decline from the 1.3987 or so highs has been orderly and as long as this decline continues in the same vein I cannot see the ECB or Draghi doing anything that may rock the boat.\r\n\r\nThis Thursday, whilst I think no QE will be on the table, supportive measures to try and stimulate growth and further weaken the EUR will be his goals at the Press Conference.\r\n\r\nPREMIUM SERVICE subscribers will get trade set-ups on Wednesday night regarding the ECB rate decision and press conference. There will no DAILY FX POST this coming Thursday or Friday (NFP).\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<span style=\"text-decoration: underline;\">4.3 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<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2522.</strong> A fascinating week in EUR/USD moves. Overall based on the closing price from last week we have moved a further 100 pips lower. This pair really looks now as though 1.2000 is beckoning and maybe even a little lower than that. We have an ECB interest rate decision this week and the fun of a press conference. All eyes will be on Draghi to see if he does anything other than talk about things. The markets want action. Lets see what happens. Support now is at 1.2450 and resistance at 1.2640.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5992</strong>. Very similar to the EUR/USD in the sense that we have had roughly a 100 pip move lower week on week. Support is now at 1.5950 and resistance at 1.6050.\r\n\r\n<strong>AUD/USD: Closing Price 0.8796</strong>. Very little change in the closing price this week compared to last week’s closing price. It will be interesting to see how this pair trades should equities start to drop lower. At the moment it is fairly well supported because equities are elevated. Support is at 0.8750 and resistance at 0.8900. There are some high beta news events this week for the AUD so it will be an interesting week for this currency pair.\r\n\r\n<strong>NZD/USD: Closing Price 0.7789</strong>. A small move lower this week in comparison to last weeks close of 0.7845. This pair following the RBNZ rate announcement and statement on Wednesday has remained elevated. This could be because of the Chinese ban on Dairy powder being lifted or the fact the equities are elevated keeping the NZD/USD higher. I am expecting this pair to fall. It is just when not if in my opinion. Support looking ahead is at 0.7710 and resistance is big at 0.7910.\r\n\r\n<strong>USD/CAD: Closing Price 1.1265.</strong> This pair finally moved higher on Friday after weaker than expected GDP numbers. I am still long this pair in a core-trade that I did not cover on Thursday morning after U.S. GDP blow out numbers. Moving ahead, I think that the USD/CAD will weaken further as the price of OIL once again begins to weigh in with this pair. Support is now good at 1.1225 and resistance is at 1.1280\r\n\r\n<strong>USD/CHF: Closing Price 0.9625</strong>. We have a referendum in Switzerland later this month about the % holding that the SNB should have in Gold. I think that we will see volatility is this pair pick up as the voting date draws closer. I am just not sure what way the vote will go. For now I see support at 0.9580 and resistance at 0.9650.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 112.32. </strong>Wow, what a move on the back of further easing by the BOJ - over 300 pips in a day in this pair is just incredible. The question is how much higher will it go. My gut tells me that 120.00 will be ultimate objective in the shorter-term. Looking at the charts, however (leaving my gut out of the analysis), support will be good at 110.00 and resistance at 112.50.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span><strong> </strong>\r\n\r\nSUNDAY: AUD – Building Approvals.\r\nSUNDAY: CNY – HSBC Manufacturing PMi.\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: AUD – Retail Sales &amp; Trade Balance.\r\nMONDAY: AUD – RBA Rate Statement and Cash Rate.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: CAD – Trade Balance.\r\nTUESDAY: USD – Trade Balance.\r\nTUESDAY: NZD – GDT Price Index and Unemployment Rate\r\n\r\nWEDNESDAY: GBP – Services PMi.\r\nWEDNESDAY: USD – ADP Non Farm Employment Change.\r\nWEDNESDAY: USD – ISM Non Manufacturing PMi.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: GBP – Interest Rates and Asset Purchase Facility.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – Building Permits.\r\nTHURSDAY: AUD – RBA Monetary Policy Statement and Fiscal Outlook.\r\n\r\nFRIDAY: USD – Non-Farm Payrolls and Unemployment Rates.\r\nFRIDAY: CAD – Unemployment Rate\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">\r\n6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThis is a big week for news.\r\n\r\nWith so many important news events on the calendar, I would suggest taking things very easy this week. Small position sizes should be the order of the day, if you are doing anything other than day trading.\r\n\r\nLast week I posed the question is the market directional? Yes, I think it is now. How long it lasts for is the question. This of course does not mean that you forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading. You do not need to pick tops or bottoms of ranges, but you still need to be clever.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site TRADING ESSENTIALS section to ensure that you do not over-stretch your Forex account. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 1st 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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 DELIVER WHAT THE MARKETS ARE EXPECTING?','','inherit','open','closed','','4687-revision-v1','','','2014-11-01 14:19:10','2014-11-01 19:19:10','',4687,'https://weeklyfxdrivethru.com/4687-revision-v1/',0,'revision','',0),(4696,1,'2014-11-04 08:29:29','2014-11-04 13:29:29','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Tuesday 4<sup>th</sup> November 2014\r\nREF: #120</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nSorry about no DAILY FX POST yesterday. I am starting to have Word Press issues, I am now concerned that space is fast becoming an issue. Having spoken with all the relevant parties they claim not space but their servers were the issue yesterday.\r\n\r\nAnyway moving on,\r\n\r\nTwo bookkeeping points come to mind before a few comments: -\r\n<ol>\r\n	<li>Welcome to the new subscribers from the end of last week and over the weekend.</li>\r\n	<li>Many of youare attached to twitter @ThePremService I am only bringing this up because if I cannot blog trade set-ups and ideas, it is twitter than get’s 100% of my thoughts.You do not have to be linked to twitter, but if you are not you are missing a great deal of my communications. I know, having spoken to many of you about this, there are some “die-hard” twitter haters out there. I am just saying.</li>\r\n</ol>\r\nLooking around the big stand out this morning is obviously the drop off in WTi; it is lower by almost 3%. We are well below $80.00; I think that the next level to the downside that should pick up interest is around $75.00. So there is still a little way to go. Gold is lower by $2.00 and Copper is slightly negative as well.\r\n\r\nI noticed a few hours ago that the EUROZONE released revised growth forecasts, country by country and for the EUROZONE area in total.\r\n\r\nFrom my perspective there were absolutely no surprises at all. It does make me laugh that they have once again revised 2014 objectives. With less than 60 days left this year one would hope that slashed expectations targets are actually achieved. The EUROZONE is desperate for credible fiscal policies, investment on a grand scale and structural reforms…nothing new; it’s the same old, same old stuff over and over again.\r\n\r\nFor the record this year is now growth of 0.80% down from 1.20%\r\n\r\nand\r\n\r\nnext year 2015, 1.1% down from 1.7%.\r\n\r\nItaly and France the biggest problems and Ireland the golden boy!!\r\n\r\n&nbsp;\r\n\r\nCombined with “The Holy Trinity” of OIL, GOLD &amp; COPPER, this should keep the USD in its box from weakening today, but I am not expecting too big of a move in the EUR/USD ahead of the ECB and Jobs data at the end of the week.\r\n\r\nI am looking at the USD strengthening against the commodity currencies today, such as: -\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">AUD/USD</p>\r\n<p style=\"text-align: center;\">NZD/USD</p>\r\n<p style=\"text-align: center;\">USD/CAD</p>\r\n<p style=\"text-align: center;\">USD/NOK</p>\r\n<p style=\"text-align: center;\">USD/MXN</p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nI am short AUD/USD and NZD/USD and still long USD/CAD. I will look at adding but do not want to stretch myself ahead of localized key data with the NZD later today and more big AUD news tomorrow night (EDT).\r\n\r\nTry not to get too carried away with position sizes this week. The data will be market moving. Next week will offer some great directional opportunities.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 10pt;\">CAD: - Trade Balance.</span>\r\n<span style=\"font-size: 10pt;\"> USD: - Trade Balance.</span>\r\n\r\nNZD: - Employment Change &amp; Rate.\r\n\r\nGBP: - Services PMi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\nRT200\r\nEUR/USD\r\nShort at 1.2515\r\nStop at 1.2620\r\nLimit at 1.2100\r\nPrice now 1.2511\r\nCurrent Profit / Loss Position +4 pips\r\n\r\nRT202\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7820\r\nLimit at 0.7000\r\nPrice now 0.7750\r\nCurrent Profit / Loss Position +10 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong at 1.1340\r\nStop at 1.1400 (Please note new protected STOP LOSS LEVEL)\r\nLimit at 1.1570\r\nPrice Now: 1.1415\r\nCurrent Profit / Loss Position +75 pips\r\n\r\nFT229\r\nAUD/USD\r\nShort at 0.8725\r\nStop at 0.8760\r\nLimit at 0.8000\r\nPrice now 0.8720\r\nCurrent Profit / Loss Position +5 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN63\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7900\r\nLimit at 1.9200\r\nPrice now 1.8351\r\nCurrent Profit / Loss Position +51 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT201\r\nGBP/USD\r\nShort at 1.6040\r\nStop at 1.6150\r\nLimit at 1.5460\r\n\r\nRT203\r\nUSD/CHF\r\nLong at 0.9610\r\nStop at 0.9540\r\nLimit at 0.9850\r\n\r\nFUN61\r\nGBP/NZD\r\nLong at 2.0250\r\nStop at 1.9800\r\nLimit at 2.1050\r\n\r\nFUN62\r\nEUR/NZD\r\nLong at 1.6030\r\nStop at 1.5850\r\nLimit at 1.7250\r\n\r\nFUN64\r\nEUR/AUD\r\nLong at 1.4220\r\nStop at 1.3950\r\nLimit at 1.4970\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#120 - THE DAILY FX POST, Tuesday 4th November 2014','','publish','open','closed','','120-daily-fx-post-tuesday-4th-november-2014','','','2014-11-04 08:29:29','2014-11-04 13:29:29','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4696',0,'member_posts','',0),(4697,1,'2014-11-04 08:29:10','2014-11-04 13:29:10','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 4<sup>th</sup> November 2014\r\nREF: #120</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nSorry about no DAILY FX POST yesterday. I am starting to have Word Press issues, I am now concerned that space is fast becoming an issue. Having spoken with all the relevant parties they claim not space but their servers were the issue yesterday.\r\n\r\nAnyway moving on,\r\n\r\nTwo bookkeeping points come to mind before a few comments: -\r\n<ol>\r\n	<li>Welcome to the new subscribers from the end of last week and over the weekend.</li>\r\n	<li>Many of you are attached to twitter @ThePremService I am only bringing this up because if I cannot blog trade set-ups and ideas, it is twitter than get’s 100% of my thoughts.\r\n\r\nYou do not have to be linked to twitter, but if you are not you are missing a great deal of my communications. I know, having spoken to many of you about this, there are some “die-hard” twitter haters out there. I am just saying.</li>\r\n</ol>\r\nLooking around the big stand out this morning is obviously the drop off in WTi; it is lower by almost 3%. We are well below $80.00; I think that the next level to the downside that should pick up interest is around $75.00. So there is still a little way to go. Gold is lower by $2.00 and Copper is slightly negative as well.\r\n\r\nI noticed a few hours ago that the EUROZONE released revised growth forecasts, country by country and for the EUROZONE area in total.\r\n\r\nFrom my perspective there were absolutely no surprises at all. It does make me laugh that they have once again revised 2014 objectives. With less than 60 days left this year one would hope that slashed expectations targets are actually achieved. The EUROZONE is desperate for credible fiscal policies, investment on a grand scale and structural reforms…nothing new; it’s the same old, same old stuff over and over again.\r\n\r\nFor the record this year is now growth of 0.80% down from 1.20%\r\n\r\nand\r\n\r\nnext year 2015, 1.1% down from 1.7%.\r\n\r\nItaly and France the biggest problems and Ireland the golden boy!!\r\n\r\n&nbsp;\r\n\r\nCombined with “The Holy Trinity” of OIL, GOLD &amp; COPPER, this should keep the USD in its box from weakening today, but I am not expecting too big of a move in the EUR/USD ahead of the ECB and Jobs data at the end of the week.\r\n\r\nI am looking at the USD strengthening against the commodity currencies today, such as: -\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">AUD/USD</p>\r\n<p style=\"text-align: center;\">NZD/USD</p>\r\n<p style=\"text-align: center;\">USD/CAD</p>\r\n<p style=\"text-align: center;\">USD/NOK</p>\r\n<p style=\"text-align: center;\">USD/MXN</p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nI am short AUD/USD and NZD/USD and still long USD/CAD. I will look at adding but do not want to stretch myself ahead of localized key data with the NZD later today and more big AUD news tomorrow night (EDT).\r\n\r\nTry not to get too carried away with position sizes this week. The data will be market moving. Next week will offer some great directional opportunities.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 10pt;\">CAD: - Trade Balance.</span>\r\n<span style=\"font-size: 10pt;\"> USD: - Trade Balance.</span>\r\n\r\nNZD: - Employment Change &amp; Rate.\r\n\r\nGBP: - Services PMi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\nRT200\r\nEUR/USD\r\nShort at 1.2515\r\nStop at 1.2620\r\nLimit at 1.2100\r\nPrice now 1.2511\r\nCurrent Profit / Loss Position +4 pips\r\n\r\nRT202\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7820\r\nLimit at 0.7000\r\nPrice now 0.7750\r\nCurrent Profit / Loss Position +10 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong at 1.1340\r\nStop at 1.1400 (Please note new protected STOP LOSS LEVEL)\r\nLimit at 1.1570\r\nPrice Now: 1.1415\r\nCurrent Profit / Loss Position +75 pips\r\n\r\nFT229\r\nAUD/USD\r\nShort at 0.8725\r\nStop at 0.8760\r\nLimit at 0.8000\r\nPrice now 0.8720\r\nCurrent Profit / Loss Position +5 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN63\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7900\r\nLimit at 1.9200\r\nPrice now 1.8351\r\nCurrent Profit / Loss Position +51 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT201\r\nGBP/USD\r\nShort at 1.6040\r\nStop at 1.6150\r\nLimit at 1.5460\r\n\r\nRT203\r\nUSD/CHF\r\nLong at 0.9610\r\nStop at 0.9540\r\nLimit at 0.9850\r\n\r\nFUN61\r\nGBP/NZD\r\nLong at 2.0250\r\nStop at 1.9800\r\nLimit at 2.1050\r\n\r\nFUN62\r\nEUR/NZD\r\nLong at 1.6030\r\nStop at 1.5850\r\nLimit at 1.7250\r\n\r\nFUN64\r\nEUR/AUD\r\nLong at 1.4220\r\nStop at 1.3950\r\nLimit at 1.4970\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#120 - THE DAILY FX POST, Tuesday 4th November 2014','','inherit','open','closed','','4696-revision-v1','','','2014-11-04 08:29:10','2014-11-04 13:29:10','',4696,'https://weeklyfxdrivethru.com/4696-revision-v1/',0,'revision','',0),(4698,1,'2014-11-04 08:29:29','2014-11-04 13:29:29','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Tuesday 4<sup>th</sup> November 2014\r\nREF: #120</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nSorry about no DAILY FX POST yesterday. I am starting to have Word Press issues, I am now concerned that space is fast becoming an issue. Having spoken with all the relevant parties they claim not space but their servers were the issue yesterday.\r\n\r\nAnyway moving on,\r\n\r\nTwo bookkeeping points come to mind before a few comments: -\r\n<ol>\r\n	<li>Welcome to the new subscribers from the end of last week and over the weekend.</li>\r\n	<li>Many of youare attached to twitter @ThePremService I am only bringing this up because if I cannot blog trade set-ups and ideas, it is twitter than get’s 100% of my thoughts.You do not have to be linked to twitter, but if you are not you are missing a great deal of my communications. I know, having spoken to many of you about this, there are some “die-hard” twitter haters out there. I am just saying.</li>\r\n</ol>\r\nLooking around the big stand out this morning is obviously the drop off in WTi; it is lower by almost 3%. We are well below $80.00; I think that the next level to the downside that should pick up interest is around $75.00. So there is still a little way to go. Gold is lower by $2.00 and Copper is slightly negative as well.\r\n\r\nI noticed a few hours ago that the EUROZONE released revised growth forecasts, country by country and for the EUROZONE area in total.\r\n\r\nFrom my perspective there were absolutely no surprises at all. It does make me laugh that they have once again revised 2014 objectives. With less than 60 days left this year one would hope that slashed expectations targets are actually achieved. The EUROZONE is desperate for credible fiscal policies, investment on a grand scale and structural reforms…nothing new; it’s the same old, same old stuff over and over again.\r\n\r\nFor the record this year is now growth of 0.80% down from 1.20%\r\n\r\nand\r\n\r\nnext year 2015, 1.1% down from 1.7%.\r\n\r\nItaly and France the biggest problems and Ireland the golden boy!!\r\n\r\n&nbsp;\r\n\r\nCombined with “The Holy Trinity” of OIL, GOLD &amp; COPPER, this should keep the USD in its box from weakening today, but I am not expecting too big of a move in the EUR/USD ahead of the ECB and Jobs data at the end of the week.\r\n\r\nI am looking at the USD strengthening against the commodity currencies today, such as: -\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\">AUD/USD</p>\r\n<p style=\"text-align: center;\">NZD/USD</p>\r\n<p style=\"text-align: center;\">USD/CAD</p>\r\n<p style=\"text-align: center;\">USD/NOK</p>\r\n<p style=\"text-align: center;\">USD/MXN</p>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nI am short AUD/USD and NZD/USD and still long USD/CAD. I will look at adding but do not want to stretch myself ahead of localized key data with the NZD later today and more big AUD news tomorrow night (EDT).\r\n\r\nTry not to get too carried away with position sizes this week. The data will be market moving. Next week will offer some great directional opportunities.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 10pt;\">CAD: - Trade Balance.</span>\r\n<span style=\"font-size: 10pt;\"> USD: - Trade Balance.</span>\r\n\r\nNZD: - Employment Change &amp; Rate.\r\n\r\nGBP: - Services PMi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\nRT200\r\nEUR/USD\r\nShort at 1.2515\r\nStop at 1.2620\r\nLimit at 1.2100\r\nPrice now 1.2511\r\nCurrent Profit / Loss Position +4 pips\r\n\r\nRT202\r\nNZD/USD\r\nShort at 0.7760\r\nStop at 0.7820\r\nLimit at 0.7000\r\nPrice now 0.7750\r\nCurrent Profit / Loss Position +10 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT202\r\nUSD/CAD\r\nLong at 1.1340\r\nStop at 1.1400 (Please note new protected STOP LOSS LEVEL)\r\nLimit at 1.1570\r\nPrice Now: 1.1415\r\nCurrent Profit / Loss Position +75 pips\r\n\r\nFT229\r\nAUD/USD\r\nShort at 0.8725\r\nStop at 0.8760\r\nLimit at 0.8000\r\nPrice now 0.8720\r\nCurrent Profit / Loss Position +5 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN63\r\nGBP/AUD\r\nLong at 1.8300\r\nStop at 1.7900\r\nLimit at 1.9200\r\nPrice now 1.8351\r\nCurrent Profit / Loss Position +51 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\n&nbsp;\r\n\r\nRT201\r\nGBP/USD\r\nShort at 1.6040\r\nStop at 1.6150\r\nLimit at 1.5460\r\n\r\nRT203\r\nUSD/CHF\r\nLong at 0.9610\r\nStop at 0.9540\r\nLimit at 0.9850\r\n\r\nFUN61\r\nGBP/NZD\r\nLong at 2.0250\r\nStop at 1.9800\r\nLimit at 2.1050\r\n\r\nFUN62\r\nEUR/NZD\r\nLong at 1.6030\r\nStop at 1.5850\r\nLimit at 1.7250\r\n\r\nFUN64\r\nEUR/AUD\r\nLong at 1.4220\r\nStop at 1.3950\r\nLimit at 1.4970\r\n\r\n&nbsp;\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#120 - THE DAILY FX POST, Tuesday 4th November 2014','','inherit','open','closed','','4696-revision-v1','','','2014-11-04 08:29:29','2014-11-04 13:29:29','',4696,'https://weeklyfxdrivethru.com/4696-revision-v1/',0,'revision','',0),(4699,1,'2014-11-05 08:06:30','2014-11-05 13:06:30','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 5<sup>th</sup> November 2014\r\nREF: #121</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI got it all wrong on the NZD/USD yesterday. After the good Employment data it looked to me once above 0.7820 that a run towards 0.7910 was on the cards. In fact, the Daily chart was showing a bullish pattern.\r\n\r\nThe USD (DXY) ripped overnight after the Republican victories in the U.S. elections and this is my only thought as to why the NZD/USD fell from 0.7840 highs to 0.7725 lows. The USD ripped across the board. The USD/JPY took out 114.50 and the USD/CAD 1.1450 .\r\n\r\nThe USD (DXY) is now at new highs once again. (see chart below)\r\n\r\nWhat now…what is my plan?\r\n\r\nI am still a USD bull and everything that I do over the next few days does not alter my FUNDAMENTAL views because fundamentally nothing has changed. We have ADP, ECB and NFP all three of them big news items on the horizon.\r\n\r\nMy objective over the next three days and Monday next week is as follows: -\r\n<ul>\r\n	<li>MANAGE RISK EXPOSURE 100% protect my broker account balances, by eliminating trades that are none performing.</li>\r\n	<li>Bank $$$ and move stops to either break even or to a protected stop position.</li>\r\n	<li>Review limit order entry settings and cancel if required. (this, I will be doing today).</li>\r\n</ul>\r\n&nbsp;\r\n\r\nLooking around, GOLD is breaking down; it is now below the 61.8% retracement level on my monthly chart, silver is with it in sympathy and this is helping USD strength across the board.\r\n\r\nUK Services PMi was not as strong as expected. Bear in mind 75% of the UK economy is service based. This really makes Carney’s speech at the Lord Mayor Mansion House event a few months back completely out of touch with reality. In my opinion this really shows him for what he is. Take him out of sleepy Canada and place him with a major currency…it’s like a fish out water.\r\n\r\nTherefore to sum up; my plan is to bolt down profits and be as RISK FREE as possible into the big news items.\r\n\r\nThere will be NO …DAILY FX tomorrow or Friday due to the news events and timings involved getting the DAILY FX POST posted.\r\n\r\nALL thoughts and trade set-ups etc will be via twitter @ThePremService\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - ADP Non-Farm Employment change and ISM Non-Manufacturing PMi.\r\n\r\nAUD: - Employment Change &amp; Rate.\r\n\r\nGBP: - Manufacturing Production, Asset Purchase Facility and Bank Rate.\r\nEUR: - Interest Rates and Press Conference.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT200\r\nEUR/USD\r\nShort at 1.2515\r\nStop at 1.2620\r\nLimit at 1.2100\r\nPrice now 1.2481\r\nCurrent Profit / Loss Position +34 pips\r\n\r\nRT203\r\nUSD/CHF\r\nLong at 0.9610\r\nStop at 0.0.9540\r\nLimit at 0.9850\r\nPrice now 0.9650\r\nCurrent Profit / Loss Position +40 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT229\r\nAUD/USD\r\nShort at 0.8720\r\nStop at 0.8660 (protected stop in place $$ already taken)\r\nLimit at 0.8000\r\nPrice now 0.8616\r\nCurrent Profit / Loss Position +109 pips\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1980\r\nLimit at 1.2500\r\nPrice now 1.2038\r\nCurrent Profit / Loss Position -2 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN62\r\nEUR/NZD\r\nLong at 1.6030\r\nStop at 1.6050 (Now a protected stop, $$ already taken)\r\nLimit at 1.7250\r\nPrice now 1.6133\r\nCurrent Profit / Loss Position +103 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT201\r\nGBP/USD\r\nShort at 1.6040\r\nStop at 1.6150\r\nLimit at 1.5460\r\n\r\nFUN61\r\nGBP/NZD\r\nLong at 2.0250\r\nStop at 1.9800\r\nLimit at 2.1050\r\n\r\nFUN64\r\nEUR/AUD\r\nLong at 1.4220\r\nStop at 1.3950\r\nLimit at 1.4970\r\n\r\nFUN65\r\nGBP/AUD\r\nLong at 1.8250\r\nStop at 1.7900\r\nLimit at 1.9200\r\n\r\nTo remind you there will be no DAILY FX POST tomorrow or Friday, you will need to check out twitter for update on trades/ thoughts/ potential and actual set-ups.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#121 - THE DAILY FX POST, Wednesday 5th November 2014','','publish','open','closed','','121-daily-fx-post-wednesday-5th-november-2014','','','2014-11-05 08:06:30','2014-11-05 13:06:30','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4699',0,'member_posts','',0),(4700,1,'2014-11-05 08:06:07','2014-11-05 13:06:07','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Wednesday 5<sup>th</sup> November 2014\r\nREF: #121</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI got it all wrong on the NZD/USD yesterday. After the good Employment data it looked to me once above 0.7820 that a run towards 0.7910 was on the cards. In fact, the Daily chart was showing a bullish pattern.\r\n\r\nThe USD (DXY) ripped overnight after the Republican victories in the U.S. elections and this is my only thought as to why the NZD/USD fell from 0.7840 highs to 0.7725 lows. The USD ripped across the board. The USD/JPY took out 114.50 and the USD/CAD 1.1450 .\r\n\r\nThe USD (DXY) is now at new highs once again. (see chart below)\r\n\r\nWhat now…what is my plan?\r\n\r\nI am still a USD bull and everything that I do over the next few days does not alter my FUNDAMENTAL views because fundamentally nothing has changed. We have ADP, ECB and NFP all three of them big news items on the horizon.\r\n\r\nMy objective over the next three days and Monday next week is as follows: -\r\n<ul>\r\n	<li>MANAGE RISK EXPOSURE 100% protect my broker account balances, by eliminating trades that are none performing.</li>\r\n	<li>Bank $$$ and move stops to either break even or to a protected stop position.</li>\r\n	<li>Review limit order entry settings and cancel if required. (this, I will be doing today).</li>\r\n</ul>\r\n&nbsp;\r\n\r\nLooking around, GOLD is breaking down; it is now below the 61.8% retracement level on my monthly chart, silver is with it in sympathy and this is helping USD strength across the board.\r\n\r\nUK Services PMi was not as strong as expected. Bear in mind 75% of the UK economy is service based. This really makes Carney’s speech at the Lord Mayor Mansion House event a few months back completely out of touch with reality. In my opinion this really shows him for what he is. Take him out of sleepy Canada and place him with a major currency…it’s like a fish out water.\r\n\r\nTherefore to sum up; my plan is to bolt down profits and be as RISK FREE as possible into the big news items.\r\n\r\nThere will be NO …DAILY FX tomorrow or Friday due to the news events and timings involved getting the DAILY FX POST posted.\r\n\r\nALL thoughts and trade set-ups etc will be via twitter @ThePremService\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - ADP Non-Farm Employment change and ISM Non-Manufacturing PMi.\r\n\r\nAUD: - Employment Change &amp; Rate.\r\n\r\nGBP: - Manufacturing Production, Asset Purchase Facility and Bank Rate.\r\nEUR: - Interest Rates and Press Conference.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT200\r\nEUR/USD\r\nShort at 1.2515\r\nStop at 1.2620\r\nLimit at 1.2100\r\nPrice now 1.2481\r\nCurrent Profit / Loss Position +34 pips\r\n\r\nRT203\r\nUSD/CHF\r\nLong at 0.9610\r\nStop at 0.0.9540\r\nLimit at 0.9850\r\nPrice now 0.9650\r\nCurrent Profit / Loss Position +40 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT229\r\nAUD/USD\r\nShort at 0.8720\r\nStop at 0.8660 (protected stop in place $$ already taken)\r\nLimit at 0.8000\r\nPrice now 0.8616\r\nCurrent Profit / Loss Position +109 pips\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1980\r\nLimit at 1.2500\r\nPrice now 1.2038\r\nCurrent Profit / Loss Position -2 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN62\r\nEUR/NZD\r\nLong at 1.6030\r\nStop at 1.6050 (Now a protected stop, $$ already taken)\r\nLimit at 1.7250\r\nPrice now 1.6133\r\nCurrent Profit / Loss Position +103 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT201\r\nGBP/USD\r\nShort at 1.6040\r\nStop at 1.6150\r\nLimit at 1.5460\r\n\r\nFUN61\r\nGBP/NZD\r\nLong at 2.0250\r\nStop at 1.9800\r\nLimit at 2.1050\r\n\r\nFUN64\r\nEUR/AUD\r\nLong at 1.4220\r\nStop at 1.3950\r\nLimit at 1.4970\r\n\r\nFUN65\r\nGBP/AUD\r\nLong at 1.8250\r\nStop at 1.7900\r\nLimit at 1.9200\r\n\r\nTo remind you there will be no DAILY FX POST tomorrow or Friday, you will need to check out twitter for update on trades/ thoughts/ potential and actual set-ups.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#121 - THE DAILY FX POST, Wednesday 5th November 2014','','inherit','open','closed','','4699-revision-v1','','','2014-11-05 08:06:07','2014-11-05 13:06:07','',4699,'https://weeklyfxdrivethru.com/4699-revision-v1/',0,'revision','',0),(4701,1,'2014-11-05 08:06:30','2014-11-05 13:06:30','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 5<sup>th</sup> November 2014\r\nREF: #121</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI got it all wrong on the NZD/USD yesterday. After the good Employment data it looked to me once above 0.7820 that a run towards 0.7910 was on the cards. In fact, the Daily chart was showing a bullish pattern.\r\n\r\nThe USD (DXY) ripped overnight after the Republican victories in the U.S. elections and this is my only thought as to why the NZD/USD fell from 0.7840 highs to 0.7725 lows. The USD ripped across the board. The USD/JPY took out 114.50 and the USD/CAD 1.1450 .\r\n\r\nThe USD (DXY) is now at new highs once again. (see chart below)\r\n\r\nWhat now…what is my plan?\r\n\r\nI am still a USD bull and everything that I do over the next few days does not alter my FUNDAMENTAL views because fundamentally nothing has changed. We have ADP, ECB and NFP all three of them big news items on the horizon.\r\n\r\nMy objective over the next three days and Monday next week is as follows: -\r\n<ul>\r\n	<li>MANAGE RISK EXPOSURE 100% protect my broker account balances, by eliminating trades that are none performing.</li>\r\n	<li>Bank $$$ and move stops to either break even or to a protected stop position.</li>\r\n	<li>Review limit order entry settings and cancel if required. (this, I will be doing today).</li>\r\n</ul>\r\n&nbsp;\r\n\r\nLooking around, GOLD is breaking down; it is now below the 61.8% retracement level on my monthly chart, silver is with it in sympathy and this is helping USD strength across the board.\r\n\r\nUK Services PMi was not as strong as expected. Bear in mind 75% of the UK economy is service based. This really makes Carney’s speech at the Lord Mayor Mansion House event a few months back completely out of touch with reality. In my opinion this really shows him for what he is. Take him out of sleepy Canada and place him with a major currency…it’s like a fish out water.\r\n\r\nTherefore to sum up; my plan is to bolt down profits and be as RISK FREE as possible into the big news items.\r\n\r\nThere will be NO …DAILY FX tomorrow or Friday due to the news events and timings involved getting the DAILY FX POST posted.\r\n\r\nALL thoughts and trade set-ups etc will be via twitter @ThePremService\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - ADP Non-Farm Employment change and ISM Non-Manufacturing PMi.\r\n\r\nAUD: - Employment Change &amp; Rate.\r\n\r\nGBP: - Manufacturing Production, Asset Purchase Facility and Bank Rate.\r\nEUR: - Interest Rates and Press Conference.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT200\r\nEUR/USD\r\nShort at 1.2515\r\nStop at 1.2620\r\nLimit at 1.2100\r\nPrice now 1.2481\r\nCurrent Profit / Loss Position +34 pips\r\n\r\nRT203\r\nUSD/CHF\r\nLong at 0.9610\r\nStop at 0.0.9540\r\nLimit at 0.9850\r\nPrice now 0.9650\r\nCurrent Profit / Loss Position +40 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT229\r\nAUD/USD\r\nShort at 0.8720\r\nStop at 0.8660 (protected stop in place $$ already taken)\r\nLimit at 0.8000\r\nPrice now 0.8616\r\nCurrent Profit / Loss Position +109 pips\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1980\r\nLimit at 1.2500\r\nPrice now 1.2038\r\nCurrent Profit / Loss Position -2 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN62\r\nEUR/NZD\r\nLong at 1.6030\r\nStop at 1.6050 (Now a protected stop, $$ already taken)\r\nLimit at 1.7250\r\nPrice now 1.6133\r\nCurrent Profit / Loss Position +103 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT201\r\nGBP/USD\r\nShort at 1.6040\r\nStop at 1.6150\r\nLimit at 1.5460\r\n\r\nFUN61\r\nGBP/NZD\r\nLong at 2.0250\r\nStop at 1.9800\r\nLimit at 2.1050\r\n\r\nFUN64\r\nEUR/AUD\r\nLong at 1.4220\r\nStop at 1.3950\r\nLimit at 1.4970\r\n\r\nFUN65\r\nGBP/AUD\r\nLong at 1.8250\r\nStop at 1.7900\r\nLimit at 1.9200\r\n\r\nTo remind you there will be no DAILY FX POST tomorrow or Friday, you will need to check out twitter for update on trades/ thoughts/ potential and actual set-ups.\r\n\r\nGood luck today.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.\r\n\r\n&nbsp;','#121 - THE DAILY FX POST, Wednesday 5th November 2014','','inherit','open','closed','','4699-revision-v1','','','2014-11-05 08:06:30','2014-11-05 13:06:30','',4699,'https://weeklyfxdrivethru.com/4699-revision-v1/',0,'revision','',0),(4703,1,'2014-11-07 10:13:21','2014-11-07 15:13:21','<h3>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=\"one-half\">\r\n<div class=\"btn\"><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</div>','TRADING COMPUTERS','','inherit','open','closed','','4198-revision-v1','','','2014-11-07 10:13:21','2014-11-07 15:13:21','',4198,'https://weeklyfxdrivethru.com/4198-revision-v1/',0,'revision','',0),(4704,1,'2014-11-07 10:14:09','2014-11-07 15:14:09','<section class=\"members\"><a title=\"Flash Trades\" href=\"./flash-trades-2/\">Flash Trades</a><a title=\"Radar Trades\" href=\"./radar-trades/\">Radar Trades</a><a title=\"Fundamental Trades\" href=\"./fundamental-trades/\">Fundamental Trades</a></section>','TRADING SUMMARIES','','inherit','open','closed','','4203-revision-v1','','','2014-11-07 10:14:09','2014-11-07 15:14:09','',4203,'https://weeklyfxdrivethru.com/4203-revision-v1/',0,'revision','',0),(4729,1,'2014-11-08 13:43:28','2014-11-08 18:43:28','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-08 13:43:28','2014-11-08 18:43:28','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4728,1,'2014-11-08 13:42:55','2014-11-08 18:42:55','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-08 13:42:55','2014-11-08 18:42:55','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4717,1,'2014-11-08 12:23:53','2014-11-08 17:23:53','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility at the end of the week with the ECB Press Conference and U.S. Non-Farm payroll reports.\r\n\r\nI stayed more or less on the sidelines during the week and traded very lightly. Over the past few major events I had been caught the wrong side on trades that took hedging to clear which, I am OK with but it is not something that I want to use all the time. In my TRADING PLAN hedging is essentially a facility that I adopt when trading in particular, commodity cross-rates and Nordic currencies. PREMIUM SERVICE SUBSCRIBERS are able to access my articles / thoughts on hedging under the EDUCATION tab inside TRADING ESSENTIALS section of the website.\r\n\r\nAll of the news from Australia and New Zealand earlier in the week faded away very quickly as all eyes were on Draghi and then the jobs report in the U.S.\r\n\r\nDraghi, I will talk about later…I just cannot resist my slant on matters EUROZONE.\r\n\r\nWith regards to the Non-Farm payroll numbers, because the earlier ADP and PMi data releases showed highs from recent times, I like many other observers was slanted towards blowout numbers approaching 300,000, much higher than the predicted 233,000. The number was 214,000. It was still above the key 200,000 but given the prior supporting data it was treated as a little disappointing.\r\n\r\nAll my pre-release work was wasted. After about an hour and a half I set up some limit order entry trades (RADAR TRADES).\r\n\r\nI view the pullback with the USD only a temporary factor. A multi year trend line has been tested and we are in breakout territory. With such inflection points in play you have to expect major buyer / seller activity to see who wins out!\r\n\r\nBelow I include two USD index charts (DXY). The first shows the breakout and the second the multi year trend line.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014.png\"><img class=\"aligncenter size-large wp-image-4706\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014-1024x515.png\" alt=\"DXY - DAILY TREND LINE 08112014\" width=\"1024\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE.png\"><img class=\"aligncenter size-large wp-image-4705\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE-1024x527.png\" alt=\"DXY 29 YEAR TREND LINE\" width=\"1024\" height=\"527\" /></a>\r\n\r\n&nbsp;\r\n\r\nBefore moving on; we must in my opinion think about one key fundamental factor after two big weeks of Forex moves.\r\n\r\nThat is Fundamentally nothing has changed, with the exception of the BOJ adding additional easing.\r\n\r\nThis fact we must bear in mind moving forward. We have been given opportunities to enter the markets at better prices.\r\n\r\nIf your fundamental views remain that the EUR is going lower, the USD is strengthening, the RBA and RBNZ are looking to weaken their currencies and finally you believe that the BOJ is aiming for 120.00 in the USD/JPY. Then you have a direction and you should have a plan in place.\r\n\r\nI still have PLAN A on the table albeit suspended whilst we get over the high beta news events. PLAN A will bite back next week, it is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up-coming moves so maybe missing a hundred or so pips over the past few days does not concern me too much.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nThis week as I thought it would be, was a very limited trading week. I only completed 7 trades (6 x profitable and 1 x losing trade\r\n\r\nAs I have repeatedly stated trading Forex, establishing longevity in Forex Trading can only be achieved if you are selective when and how you trade. It took me 5 years to come to terms with this and even now to remain disciplined is extremely hard.\r\n\r\nAbout 8 months ago, I opened up the PREMIUM SERVICE to basically a $20.00 (4 week) trial. Almost 90% of the traders that took advantage of this low cost entry were gamblers. The number of communications that I received about not having 8-10 trades a day was incredible. After a couple of months, I removed the offer.\r\n\r\nYou have to face the simple facts… “IT IS YOU VERSUS THE MARKET”. You have to be savvy, cute and non-trusting of some of the information that you are given, in particular from politicians. Being technical is NOT enough in my opinion. You must have a fundamental overview to give you balance and more than a 5-minute directional viewpoint.\r\n\r\nTherefore in summary, let the trades come to you. This past week was one of those weeks.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nOver the past few weeks the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MICRO LOT TRADING = minimum $1,000.00 to $5,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MINI LOT TRADING = minimum $5,000.00 to $20,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>STANDARD LOT TRADING = minimum $20,000.00 onwards.</strong></span></p>\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\"><img class=\"aligncenter size-full wp-image-4712\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\" alt=\"PREM SERV PROFITS1 08112014\" width=\"446\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\"><img class=\"aligncenter size-full wp-image-4713\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\" alt=\"PREM SERV PROFITS2 08112014\" width=\"465\" height=\"436\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK</strong></span></p>\r\nWhat can I say… from last week’s blog I am going to claim I got it almost 100% correct.\r\n\r\nDraghi did not add anything new last Thursday.\r\n\r\nHe did nothing but talk, which is what Draghi and the ECB are good at.\r\n\r\nGiven the pressure that he was under from Germany, in particular, Jens Weidmann President of the Deutsche Bundesbank, Mario Draghi stood firm over the comments he had made earlier in Jackson Hole in October, which some EUROZONE officials have stated under their breath were made without clearance…. presumably from Germany whether it be Berlin or Frankfurt.\r\n\r\nDraghi managed to pull the rabbit from the hat once again on talk. He did show the following: -\r\n<ol>\r\n	<li>Determination in sticking to his previous comments. When he spoke about QE and expanding the balance sheet of the ECB to the 2012 highs of about €3 trillion. He claimed that the decisions associated with this were 100% unanimous. This shows that he is still in control at the ECB.</li>\r\n	<li>He was very confident in the fact that he had the mandate from the ECB Governing Council to add stimulus if required.</li>\r\n	<li>He was very clear showing that in comparison to the United States the ECB assets are going to expand whilst the U.S. contracts.</li>\r\n	<li>He left the door open to say that he would not hesitate to act if inflation continued to stagnate or if the Governing Council thought that the present action was not enough.</li>\r\n</ol>\r\nWhilst, I think that Draghi has a thankless job, as he is in a puppet position with Berlin holding the strings; he has shown a side of steel that he needs to portray to the markets for the markets to believe the claims of independence that the ECB claims to have.\r\n\r\nNevertheless, I can only imagine the conversations being made behind Draghi’s back in Germany following his comments last Thursday during the ECB Press Conference. As we all now know, because Germany has it’s a “their way or the highway” approach to all matters in the EUROZONE, they need to be dragged screaming like a child to do the right thing, if it’s against their economic strategies. In this case sovereign bond buying (QE).\r\n\r\nCast your minds back. The Germans were anti-EUROZONE bailouts for Greece, Portugal and Ireland. At the eleventh hour and 59 minutes and 59 seconds, Germany suddenly realized that without bailouts the EUROZONE would have collapsed because there was no alternative and finally reality set in.\r\n\r\nAs I have written many times over the past few months, DEFLATION is sitting in the EUROZONE and the Germans are once again in denial.\r\n\r\nCan you imagine the phone calls from Frankfurt to Berlin when Draghi announced the expansion of the ECB balance sheet back to 2012 highs of €3 trillion?\r\n\r\nThis comment from Draghi was made only days after the news agencies (I think it was Reuters) claimed that there was an ECB rebellion.\r\n\r\nAs stated earlier, with this as a backdrop to pull the rabbit from the hat was his finest hour; it was a triumph for him personally.\r\n\r\nMake no mistake; the knives are being sharpened as I type (if not done already) in Berlin and Frankfurt. The were threats of resignations from Jens Weidman and Sabine Lautenschlaeger (President and Vice President of the Bundesbank) but I will be surprised if they happen.\r\n\r\nWhat will happen, in my opinion, after showing that he can cut the puppet strings from Berlin if only for an hour is the following: -\r\n\r\nI would imagine that he would only exercise the purchase of government bonds if EUROZONE inflation continues to remain in DEFLATIONARY mode.\r\n\r\nThe Germans must recognize even if dragged screaming or not, that the risks of DEFLATION are much greater than the risk of credit losses on any potential assets purchased by the ECB.\r\n\r\nFull-blown QE purchasing sovereign bonds is only a matter of time in my opinion. Germany will get on board - they have to because there is no alternative.\r\n\r\nDraghi has played his “joker card”, there can be no more talk. He has committed finally to action, but I do not think that it will be plain sailing. He will have many bridges to repair and smooth over ruffled feathers with his doubters in the EUROZONE because if he does not, I think that he will be acting out modern day scenes from Julius Caesar.\r\n\r\nWill I soon be writing about Draghi being a man of action?\r\n\r\nWell, it may not go that far, but I do know that he is probably a man with a target on his back given what has transpired over the past few days and he will have to keep looking over his shoulder.\r\n\r\nMaybe his career in Italian politics will come around sooner than anticipated?\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>THE STAGES OF LOSS IN FOREX:</strong></p>\r\nOne of the first things that you should learn in Forex trading is accepting defeat. Although it is a normal part of the overall trading process, losing is something that many traders, both newbies and pros have difficulty with.\r\n\r\nThink about it. Losing in a game where nothing is at stake is tough enough, but so much more painful when there is actual money involved that you have worked very hard for.\r\n\r\nThe main reason behind the difficulty in coping with losses lies with the lack of understanding rather than actual psychological problems. People who are experiencing loses misunderstand the negative emotions that are attached with them, which can cause anguish and despair. This eventually makes them quit Forex trading altogether. People who cannot deal with the psychology of losing end up exiting the Forex trading business quickly.\r\n\r\nIn this article I would like to address that lack of knowledge with losses. In the next several paragraphs, I am going to talk about the four stages of loss in Forex, namely denial, rationalizing, depression, and acceptance.\r\n\r\nDo the terms sound familiar? They should, because they are similar to the four stages of grief. Do note, however, that they are applied differently in Forex. My desire is that by getting to know these four stages, you will be better prepared to handle the losses that come with trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 1: DENIAL</span>\r\n\r\nThe first stage of loss enables you to deal with the losing trade. In this phase you deny to yourself and to others that your trading idea was wrong, and that the loss wasn’t your fault. Reasons like “I was stop hunted” and “I didn’t really care for that trade” are normally used. There’s noting wrong feeling this way, especially if you are new. It\'s a way to ease the blow to your ego, survive the loss, and move on.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 2: RATIONALIZATION</span>\r\n\r\nAfter the denial stage, you move on to rationalizing your trade setup. This is the point in time where you point out everything that’s right about your trade idea and do not even think about what you did wrong. You cite the appropriateness of your trading plan, profit target, stop loss, and entry point but totally disregard that you actually did lose the trade and made a mistake somewhere.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 3: DEPRESSION</span>\r\n\r\nAt this point, you have already looked at the possible external reasons for your loss. You then turn inward and consider the idea that the loss was completely caused by your own doing.\r\n\r\nAlthough it is reasonable to take responsibility for your loss, blaming yourself too much can be damaging to your Forex career if it leads to you consistently doubting yourself. You might ask yourself questions like “Is Forex trading really for me?” and “Why go on at all?” You could even wind up withdrawing yourself from the business altogether if you can’t find enough reasons to keep pushing forward.\r\n\r\nThose who have experienced this kind of self-doubt can attest that the longer the losing streak is the more intense the feeling of depression. In some cases, you could even see yourself thinking of pursuing other business ventures out there and giving up Forex trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 4: ACCEPTANCE</span>\r\n\r\nIn this stage, you begin to realize that it is unhealthy to blame yourself for everything that went wrong. Even though you have accepted that the loss was partly your fault, you are also mindful of the fact that the Forex market is a wild untamed beast and that there are plenty of market factors beyond your control.\r\n\r\nLet me clarify though that acceptance is not simply about feeling okay about the loss. In truth, acceptance is more about aligning yourself with reality and realizing that the loss cannot be undone.\r\n\r\nWhen you reach this stage, you accept that you have made some mistakes on your part but that there are also things you are unable to control. Some even say that acceptance is a mix of rationalization and depression, as you combine the two before you are able to move on.\r\n\r\nAt the end of the day, it is important to remind yourself that you can never truly reverse what has been lost but you can make up for it. One obvious way to do this is to have a winning trade and recover financially, but you can work on rebounding mentally as well.\r\n\r\nYou can come up with improvements for your trading strategy, exercise better risk management, or just figure out how to handle you losses better. Instead of simply denying the loss, you have to move on, adapt and grow.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT204\r\nEUR/USD\r\nShort\r\nCost Average: 1.2450\r\nStop at: 1.2500\r\nLimit at: 1.1860\r\nClosing Price: 1.2452\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nRT205\r\nGBP/USD\r\nShort\r\nCost Average: 1.5870\r\nStop at: 1.5940\r\nLimit at: 1.5200\r\nClosing Price: 1.5865\r\nCurrent Profit / Loss Position: +5 pips\r\n\r\nRT206\r\nAUD/USD\r\nShort\r\nCost Average: 0.8640\r\nStop at: 0.8675\r\nLimit at: 0.8000\r\nClosing Price: 0.8634\r\nCurrent Profit / Loss Position: +6 pips\r\n\r\nRT207\r\nNZD/USD\r\nShort\r\nCost Average: 0.7760\r\nStop at: 0.7845\r\nLimit at: 0.7000\r\nClosing Price: 0.7750\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2033\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong\r\nCost Average: 1.8520\r\nStop Loss at: 1.8150\r\nLimit At 1.9200\r\nClosing Price: 1.8378\r\nCurrent Profit / Loss Position: -142 pips\r\n<strong>(This trade is hedged from -100 pips)</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI am still a USD bull and PLAN A is still in play.\r\n\r\nI am however stalling following Friday’s trading. After Non-Farm payrolls we saw some very strange moves in the Forex market. The volatility and swings from buyers in control to sellers in control was a little ridiculous at times.\r\n\r\nI had placed 4 x RADAR TRADES with my brokers, all four triggered on a short squeeze on the USD index (DXY).\r\n\r\nI want to make certain at the beginning of next week that the moves lower in particular with the AUD/USD and NZD/USD were not false breakdowns. We breached reversal levels in the short squeeze and although there was a pullback, I need confirmation that my limit order entries are going to hold, otherwise the trades will be covered and PLAN B will be put into play.\r\n\r\nWe are at a very key level with the DXY. The 29-year trend line is holding matters up and it will be frustrating for a few days until we see clear confirmation of whether the USD bears or bulls have won the day.\r\n\r\nPatience is a virtue in these instances. As a result there are no charts to look at. I need to see how trading goes on Monday in the North American session before committing to a longer-term plan.\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<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nAUD/JPY\r\nCAD/JPY\r\nUSD/SEK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nAUD/CAD\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/CHF\r\nGBP/CHF\r\n\r\nThere are so few pairs listed this week, it tells me that we are at a crossroads once again.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2452.</strong> A very volatile week saw the EUR/USD drop about 100 pips further from last week’s closing price. Draghi has sent his message loud and clear to the markets. It is now just a matter of time before circumstances will see him actively intervening in the bond market. As I wrote about in macro terms in Section 4, I was a little concerned with the price action at the end of last week. My support and resistance levels to sway me one way or the other are; 1.2363 and 1.2580\r\n\r\n<strong>GBP/USD: Closing Price 1.5865</strong>. A very similar story to that of the EUR/USD, we saw a drop of over 100 pips in the cable this past week. I am still very bearish this pair and find it fascinating to watch the BOE back pedal like crazy over rate hikes. Carney delivers his Inflation report this week, when Mervyn King was the Governor of the BOE, the cable was good for a 50-pip drop just on King entering the room. Times have changed, however, I think that Carney will be delivering content in his speech from a high altitude where the air is thin trying to disguise the fact he screwed up earlier this year at London Lord Mayor’s Mansion House event. We may not get any clues on rate increases given the fact he is poor on supplying effective timings. I see big support at 1.5720 and resistance is good at 1.6040.\r\n\r\n<strong>AUD/USD: Closing Price 0.8634</strong>. A nice 100-pip plus fall from last week’s closing price, however, I am not 100% certain of the direction of the Aussie moving forward. I feel bearish but I am not 100% convinced. I am concerned that we could be heading back towards 0.9000 to re-test before falling lower again. The support and resistance levels that I am looking closely at are 0.8540 and 0.8670.\r\n\r\n<strong>NZD/USD: Closing Price 0.7750</strong>. A 200-pip fall from last weeks close, but I fear that we may have fallen too fast and my fear is that we are about to head back to 0.8000 before dropping lower again. This sets up a nice short but I was hoping that we would be set up on our way towards 0.7250 and then 0.7000. Patience is a virtue, I must write that about 5-10 times a week. Support to convince me we are going lower is at 0.7665 and resistance telling me that 0.8000 could be on the cards is at 0.7780.\r\n\r\n<strong>USD/CAD: Closing Price 1.1329.</strong> Blow out employment data on Friday sent this pair spiraling lower back towards 1.1300. 1.1310 held as support and this is my support level moving forward. My resistance level is at 1.1400.\r\n\r\n<strong>USD/CHF: Closing Price 0.9663</strong>. Not a whole lot going on with this pair. We broke above 0.9700 and this placed this pair in breakout territory. After NFP it could hold this level. Support is now at 0.9640 and resistance is at 0.9700.\r\n\r\n<strong>USD/JPY: Closing Price 114.62. </strong>What a move. The BOJ have really placed a cat amongst the pigeons with the JPY. The question is where does it stop. My thoughts are as usual with JPY pairs in round numbers, therefore 120.00 springs to mind straightway. For now the immediate levels to interest me are support at 114.00 and resistance at 115.50.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: CNY – CPi.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Governor Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – BOE Inflation report &amp; Governor Carney speaks.\r\n\r\nTHURSDAY: - N/A.\r\n\r\nFRIDAY: USD – Retail Sales and Core Retail Sales.\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere is not a huge amount of news about this coming week. There are however, market movers with what news events are on the horizon.\r\n\r\nGovernors Wheeler and Carney will move the markets with their reports on Tuesday and Wednesday. These are the two standouts for me.\r\n\r\nAs already written, we are at a crossroads once again, in my opinion. The reaction will be fascinating. Mentally, I am set up for USD strength to resume but I may have to place those thoughts and plans on hold for a few days first.\r\n\r\nFundamentally, nothing has changed. It is technicals that are holding matters up for the now.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 8th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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.','DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK','','inherit','open','closed','','4716-revision-v1','','','2014-11-08 12:23:53','2014-11-08 17:23:53','',4716,'https://weeklyfxdrivethru.com/4716-revision-v1/',0,'revision','',0),(4718,1,'2014-11-08 12:26:20','2014-11-08 17:26:20','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility at the end of the week with the ECB Press Conference and U.S. Non-Farm payroll reports.\r\n\r\nI stayed more or less on the sidelines during the week and traded very lightly. Over the past few major events I had been caught the wrong side on trades that took hedging to clear which, I am OK with but it is not something that I want to use all the time. In my TRADING PLAN hedging is essentially a facility that I adopt when trading in particular, commodity cross-rates and Nordic currencies. PREMIUM SERVICE SUBSCRIBERS are able to access my articles / thoughts on hedging under the EDUCATION tab inside TRADING ESSENTIALS section of the website.\r\n\r\nAll of the news from Australia and New Zealand earlier in the week faded away very quickly as all eyes were on Draghi and then the jobs report in the U.S.\r\n\r\nDraghi, I will talk about later…I just cannot resist my slant on matters EUROZONE.\r\n\r\nWith regards to the Non-Farm payroll numbers, because the earlier ADP and PMi data releases showed highs from recent times, I like many other observers was slanted towards blowout numbers approaching 300,000, much higher than the predicted 233,000. The number was 214,000. It was still above the key 200,000 but given the prior supporting data it was treated as a little disappointing.\r\n\r\nAll my pre-release work was wasted. After about an hour and a half I set up some limit order entry trades (RADAR TRADES).\r\n\r\nI view the pullback with the USD only a temporary factor. A multi year trend line has been tested and we are in breakout territory. With such inflection points in play you have to expect major buyer / seller activity to see who wins out!\r\n\r\nBelow I include two USD index charts (DXY). The first shows the breakout and the second the multi year trend line.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014.png\"><img class=\"aligncenter size-large wp-image-4706\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014-1024x515.png\" alt=\"DXY - DAILY TREND LINE 08112014\" width=\"1024\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE.png\"><img class=\"aligncenter size-large wp-image-4705\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE-1024x527.png\" alt=\"DXY 29 YEAR TREND LINE\" width=\"1024\" height=\"527\" /></a>\r\n\r\n&nbsp;\r\n\r\nBefore moving on; we must in my opinion think about one key fundamental factor after two big weeks of Forex moves.\r\n\r\nThat is Fundamentally nothing has changed, with the exception of the BOJ adding additional easing.\r\n\r\nThis fact we must bear in mind moving forward. We have been given opportunities to enter the markets at better prices.\r\n\r\nIf your fundamental views remain that the EUR is going lower, the USD is strengthening, the RBA and RBNZ are looking to weaken their currencies and finally you believe that the BOJ is aiming for 120.00 in the USD/JPY. Then you have a direction and you should have a plan in place.\r\n\r\nI still have PLAN A on the table albeit suspended whilst we get over the high beta news events. PLAN A will bite back next week, it is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up-coming moves so maybe missing a hundred or so pips over the past few days does not concern me too much.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nThis week as I thought it would be, was a very limited trading week. I only completed 7 trades (6 x profitable and 1 x losing trade\r\n\r\nAs I have repeatedly stated trading Forex, establishing longevity in Forex Trading can only be achieved if you are selective when and how you trade. It took me 5 years to come to terms with this and even now to remain disciplined is extremely hard.\r\n\r\nAbout 8 months ago, I opened up the PREMIUM SERVICE to basically a $20.00 (4 week) trial. Almost 90% of the traders that took advantage of this low cost entry were gamblers. The number of communications that I received about not having 8-10 trades a day was incredible. After a couple of months, I removed the offer.\r\n\r\nYou have to face the simple facts… “IT IS YOU VERSUS THE MARKET”. You have to be savvy, cute and non-trusting of some of the information that you are given, in particular from politicians. Being technical is NOT enough in my opinion. You must have a fundamental overview to give you balance and more than a 5-minute directional viewpoint.\r\n\r\nTherefore in summary, let the trades come to you. This past week was one of those weeks.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nOver the past few weeks the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MICRO LOT TRADING = minimum $1,000.00 to $5,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MINI LOT TRADING = minimum $5,000.00 to $20,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>STANDARD LOT TRADING = minimum $20,000.00 onwards.</strong></span></p>\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\"><img class=\"aligncenter size-full wp-image-4712\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\" alt=\"PREM SERV PROFITS1 08112014\" width=\"446\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\"><img class=\"aligncenter size-full wp-image-4713\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\" alt=\"PREM SERV PROFITS2 08112014\" width=\"465\" height=\"436\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK</strong></span></p>\r\nWhat can I say… from last week’s blog I am going to claim I got it almost 100% correct.\r\n\r\nDraghi did not add anything new last Thursday.\r\n\r\nHe did nothing but talk, which is what Draghi and the ECB are good at.\r\n\r\nGiven the pressure that he was under from Germany, in particular, Jens Weidmann President of the Deutsche Bundesbank, Mario Draghi stood firm over the comments he had made earlier in Jackson Hole in October, which some EUROZONE officials have stated under their breath were made without clearance…. presumably from Germany whether it be Berlin or Frankfurt.\r\n\r\nDraghi managed to pull the rabbit from the hat once again on talk. He did show the following: -\r\n<ol>\r\n	<li>Determination in sticking to his previous comments. When he spoke about QE and expanding the balance sheet of the ECB to the 2012 highs of about €3 trillion. He claimed that the decisions associated with this were 100% unanimous. This shows that he is still in control at the ECB.</li>\r\n	<li>He was very confident in the fact that he had the mandate from the ECB Governing Council to add stimulus if required.</li>\r\n	<li>He was very clear showing that in comparison to the United States the ECB assets are going to expand whilst the U.S. contracts.</li>\r\n	<li>He left the door open to say that he would not hesitate to act if inflation continued to stagnate or if the Governing Council thought that the present action was not enough.</li>\r\n</ol>\r\nWhilst, I think that Draghi has a thankless job, as he is in a puppet position with Berlin holding the strings; he has shown a side of steel that he needs to portray to the markets for the markets to believe the claims of independence that the ECB claims to have.\r\n\r\nNevertheless, I can only imagine the conversations being made behind Draghi’s back in Germany following his comments last Thursday during the ECB Press Conference. As we all now know, because Germany has it’s a “their way or the highway” approach to all matters in the EUROZONE, they need to be dragged screaming like a child to do the right thing, if it’s against their economic strategies. In this case sovereign bond buying (QE).\r\n\r\nCast your minds back. The Germans were anti-EUROZONE bailouts for Greece, Portugal and Ireland. At the eleventh hour and 59 minutes and 59 seconds, Germany suddenly realized that without bailouts the EUROZONE would have collapsed because there was no alternative and finally reality set in.\r\n\r\nAs I have written many times over the past few months, DEFLATION is sitting in the EUROZONE and the Germans are once again in denial.\r\n\r\nCan you imagine the phone calls from Frankfurt to Berlin when Draghi announced the expansion of the ECB balance sheet back to 2012 highs of €3 trillion?\r\n\r\nThis comment from Draghi was made only days after the news agencies (I think it was Reuters) claimed that there was an ECB rebellion.\r\n\r\nAs stated earlier, with this as a backdrop to pull the rabbit from the hat was his finest hour; it was a triumph for him personally.\r\n\r\nMake no mistake; the knives are being sharpened as I type (if not done already) in Berlin and Frankfurt. The were threats of resignations from Jens Weidman and Sabine Lautenschlaeger (President and Vice President of the Bundesbank) but I will be surprised if they happen.\r\n\r\nWhat will happen, in my opinion, after showing that he can cut the puppet strings from Berlin if only for an hour is the following: -\r\n\r\nI would imagine that he would only exercise the purchase of government bonds if EUROZONE inflation continues to remain in DEFLATIONARY mode.\r\n\r\nThe Germans must recognize even if dragged screaming or not, that the risks of DEFLATION are much greater than the risk of credit losses on any potential assets purchased by the ECB.\r\n\r\nFull-blown QE purchasing sovereign bonds is only a matter of time in my opinion. Germany will get on board - they have to because there is no alternative.\r\n\r\nDraghi has played his “joker card”, there can be no more talk. He has committed finally to action, but I do not think that it will be plain sailing. He will have many bridges to repair and smooth over ruffled feathers with his doubters in the EUROZONE because if he does not, I think that he will be acting out modern day scenes from Julius Caesar.\r\n\r\nWill I soon be writing about Draghi being a man of action?\r\n\r\nWell, it may not go that far, but I do know that he is probably a man with a target on his back given what has transpired over the past few days and he will have to keep looking over his shoulder.\r\n\r\nMaybe his career in Italian politics will come around sooner than anticipated?\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>THE STAGES OF LOSS IN FOREX:</strong></p>\r\nOne of the first things that you should learn in Forex trading is accepting defeat. Although it is a normal part of the overall trading process, losing is something that many traders, both newbies and pros have difficulty with.\r\n\r\nThink about it. Losing in a game where nothing is at stake is tough enough, but so much more painful when there is actual money involved that you have worked very hard for.\r\n\r\nThe main reason behind the difficulty in coping with losses lies with the lack of understanding rather than actual psychological problems. People who are experiencing loses misunderstand the negative emotions that are attached with them, which can cause anguish and despair. This eventually makes them quit Forex trading altogether. People who cannot deal with the psychology of losing end up exiting the Forex trading business quickly.\r\n\r\nIn this article I would like to address that lack of knowledge with losses. In the next several paragraphs, I am going to talk about the four stages of loss in Forex, namely denial, rationalizing, depression, and acceptance.\r\n\r\nDo the terms sound familiar? They should, because they are similar to the four stages of grief. Do note, however, that they are applied differently in Forex. My desire is that by getting to know these four stages, you will be better prepared to handle the losses that come with trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 1: DENIAL</span>\r\n\r\nThe first stage of loss enables you to deal with the losing trade. In this phase you deny to yourself and to others that your trading idea was wrong, and that the loss wasn’t your fault. Reasons like “I was stop hunted” and “I didn’t really care for that trade” are normally used. There’s noting wrong feeling this way, especially if you are new. It\'s a way to ease the blow to your ego, survive the loss, and move on.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 2: RATIONALIZATION</span>\r\n\r\nAfter the denial stage, you move on to rationalizing your trade setup. This is the point in time where you point out everything that’s right about your trade idea and do not even think about what you did wrong. You cite the appropriateness of your trading plan, profit target, stop loss, and entry point but totally disregard that you actually did lose the trade and made a mistake somewhere.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 3: DEPRESSION</span>\r\n\r\nAt this point, you have already looked at the possible external reasons for your loss. You then turn inward and consider the idea that the loss was completely caused by your own doing.\r\n\r\nAlthough it is reasonable to take responsibility for your loss, blaming yourself too much can be damaging to your Forex career if it leads to you consistently doubting yourself. You might ask yourself questions like “Is Forex trading really for me?” and “Why go on at all?” You could even wind up withdrawing yourself from the business altogether if you can’t find enough reasons to keep pushing forward.\r\n\r\nThose who have experienced this kind of self-doubt can attest that the longer the losing streak is the more intense the feeling of depression. In some cases, you could even see yourself thinking of pursuing other business ventures out there and giving up Forex trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 4: ACCEPTANCE</span>\r\n\r\nIn this stage, you begin to realize that it is unhealthy to blame yourself for everything that went wrong. Even though you have accepted that the loss was partly your fault, you are also mindful of the fact that the Forex market is a wild untamed beast and that there are plenty of market factors beyond your control.\r\n\r\nLet me clarify though that acceptance is not simply about feeling okay about the loss. In truth, acceptance is more about aligning yourself with reality and realizing that the loss cannot be undone.\r\n\r\nWhen you reach this stage, you accept that you have made some mistakes on your part but that there are also things you are unable to control. Some even say that acceptance is a mix of rationalization and depression, as you combine the two before you are able to move on.\r\n\r\nAt the end of the day, it is important to remind yourself that you can never truly reverse what has been lost but you can make up for it. One obvious way to do this is to have a winning trade and recover financially, but you can work on rebounding mentally as well.\r\n\r\nYou can come up with improvements for your trading strategy, exercise better risk management, or just figure out how to handle you losses better. Instead of simply denying the loss, you have to move on, adapt and grow.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT204\r\nEUR/USD\r\nShort\r\nCost Average: 1.2450\r\nStop at: 1.2500\r\nLimit at: 1.1860\r\nClosing Price: 1.2452\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nRT205\r\nGBP/USD\r\nShort\r\nCost Average: 1.5870\r\nStop at: 1.5940\r\nLimit at: 1.5200\r\nClosing Price: 1.5865\r\nCurrent Profit / Loss Position: +5 pips\r\n\r\nRT206\r\nAUD/USD\r\nShort\r\nCost Average: 0.8640\r\nStop at: 0.8675\r\nLimit at: 0.8000\r\nClosing Price: 0.8634\r\nCurrent Profit / Loss Position: +6 pips\r\n\r\nRT207\r\nNZD/USD\r\nShort\r\nCost Average: 0.7760\r\nStop at: 0.7845\r\nLimit at: 0.7000\r\nClosing Price: 0.7750\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2033\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong\r\nCost Average: 1.8520\r\nStop Loss at: 1.8150\r\nLimit At 1.9200\r\nClosing Price: 1.8378\r\nCurrent Profit / Loss Position: -142 pips\r\n<strong>(This trade is hedged from -100 pips)</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI am still a USD bull and PLAN A is still in play.\r\n\r\nI am however stalling following Friday’s trading. After Non-Farm payrolls we saw some very strange moves in the Forex market. The volatility and swings from buyers in control to sellers in control was a little ridiculous at times.\r\n\r\nI had placed 4 x RADAR TRADES with my brokers, all four triggered on a short squeeze on the USD index (DXY).\r\n\r\nI want to make certain at the beginning of next week that the moves lower in particular with the AUD/USD and NZD/USD were not false breakdowns. We breached reversal levels in the short squeeze and although there was a pullback, I need confirmation that my limit order entries are going to hold, otherwise the trades will be covered and PLAN B will be put into play.\r\n\r\nWe are at a very key level with the DXY. The 29-year trend line is holding matters up and it will be frustrating for a few days until we see clear confirmation of whether the USD bears or bulls have won the day.\r\n\r\nPatience is a virtue in these instances. As a result there are no charts to look at. I need to see how trading goes on Monday in the North American session before committing to a longer-term plan.\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<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nAUD/JPY\r\nCAD/JPY\r\nUSD/SEK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nAUD/CAD\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/CHF\r\nGBP/CHF\r\n\r\nThere are so few pairs listed this week, it tells me that we are at a crossroads once again.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2452.</strong> A very volatile week saw the EUR/USD drop about 100 pips further from last week’s closing price. Draghi has sent his message loud and clear to the markets. It is now just a matter of time before circumstances will see him actively intervening in the bond market. As I wrote about in macro terms in Section 4, I was a little concerned with the price action at the end of last week. My support and resistance levels to sway me one way or the other are; 1.2363 and 1.2580\r\n\r\n<strong>GBP/USD: Closing Price 1.5865</strong>. A very similar story to that of the EUR/USD, we saw a drop of over 100 pips in the cable this past week. I am still very bearish this pair and find it fascinating to watch the BOE back pedal like crazy over rate hikes. Carney delivers his Inflation report this week, when Mervyn King was the Governor of the BOE, the cable was good for a 50-pip drop just on King entering the room. Times have changed, however, I think that Carney will be delivering content in his speech from a high altitude where the air is thin trying to disguise the fact he screwed up earlier this year at London Lord Mayor’s Mansion House event. We may not get any clues on rate increases given the fact he is poor on supplying effective timings. I see big support at 1.5720 and resistance is good at 1.6040.\r\n\r\n<strong>AUD/USD: Closing Price 0.8634</strong>. A nice 100-pip plus fall from last week’s closing price, however, I am not 100% certain of the direction of the Aussie moving forward. I feel bearish but I am not 100% convinced. I am concerned that we could be heading back towards 0.9000 to re-test before falling lower again. The support and resistance levels that I am looking closely at are 0.8540 and 0.8670.\r\n\r\n<strong>NZD/USD: Closing Price 0.7750</strong>. A 200-pip fall from last weeks close, but I fear that we may have fallen too fast and my fear is that we are about to head back to 0.8000 before dropping lower again. This sets up a nice short but I was hoping that we would be set up on our way towards 0.7250 and then 0.7000. Patience is a virtue, I must write that about 5-10 times a week. Support to convince me we are going lower is at 0.7665 and resistance telling me that 0.8000 could be on the cards is at 0.7780.\r\n\r\n<strong>USD/CAD: Closing Price 1.1329.</strong> Blow out employment data on Friday sent this pair spiraling lower back towards 1.1300. 1.1310 held as support and this is my support level moving forward. My resistance level is at 1.1400.\r\n\r\n<strong>USD/CHF: Closing Price 0.9663</strong>. Not a whole lot going on with this pair. We broke above 0.9700 and this placed this pair in breakout territory. After NFP it could hold this level. Support is now at 0.9640 and resistance is at 0.9700.\r\n\r\n<strong>USD/JPY: Closing Price 114.62. </strong>What a move. The BOJ have really placed a cat amongst the pigeons with the JPY. The question is where does it stop. My thoughts are as usual with JPY pairs in round numbers, therefore 120.00 springs to mind straightway. For now the immediate levels to interest me are support at 114.00 and resistance at 115.50.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: CNY – CPi.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Governor Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – BOE Inflation report &amp; Governor Carney speaks.\r\n\r\nTHURSDAY: - N/A.\r\n\r\nFRIDAY: USD – Retail Sales and Core Retail Sales.\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere is not a huge amount of news about this coming week. There are however, market movers with what news events are on the horizon.\r\n\r\nGovernors Wheeler and Carney will move the markets with their reports on Tuesday and Wednesday. These are the two standouts for me.\r\n\r\nAs already written, we are at a crossroads once again, in my opinion. The reaction will be fascinating. Mentally, I am set up for USD strength to resume but I may have to place those thoughts and plans on hold for a few days first.\r\n\r\nFundamentally, nothing has changed. It is technicals that are holding matters up for the now.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 8th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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.','DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK','','inherit','open','closed','','4716-revision-v1','','','2014-11-08 12:26:20','2014-11-08 17:26:20','',4716,'https://weeklyfxdrivethru.com/4716-revision-v1/',0,'revision','',0),(4719,1,'2014-11-08 12:26:54','2014-11-08 17:26:54','&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility at the end of the week with the ECB Press Conference and U.S. Non-Farm payroll reports.\r\n\r\nI stayed more or less on the sidelines during the week and traded very lightly. Over the past few major events I had been caught the wrong side on trades that took hedging to clear which, I am OK with but it is not something that I want to use all the time. In my TRADING PLAN hedging is essentially a facility that I adopt when trading in particular, commodity cross-rates and Nordic currencies. PREMIUM SERVICE SUBSCRIBERS are able to access my articles / thoughts on hedging under the EDUCATION tab inside TRADING ESSENTIALS section of the website.\r\n\r\nAll of the news from Australia and New Zealand earlier in the week faded away very quickly as all eyes were on Draghi and then the jobs report in the U.S.\r\n\r\nDraghi, I will talk about later…I just cannot resist my slant on matters EUROZONE.\r\n\r\nWith regards to the Non-Farm payroll numbers, because the earlier ADP and PMi data releases showed highs from recent times, I like many other observers was slanted towards blowout numbers approaching 300,000, much higher than the predicted 233,000. The number was 214,000. It was still above the key 200,000 but given the prior supporting data it was treated as a little disappointing.\r\n\r\nAll my pre-release work was wasted. After about an hour and a half I set up some limit order entry trades (RADAR TRADES).\r\n\r\nI view the pullback with the USD only a temporary factor. A multi year trend line has been tested and we are in breakout territory. With such inflection points in play you have to expect major buyer / seller activity to see who wins out!\r\n\r\nBelow I include two USD index charts (DXY). The first shows the breakout and the second the multi year trend line.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014.png\"><img class=\"aligncenter size-large wp-image-4706\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014-1024x515.png\" alt=\"DXY - DAILY TREND LINE 08112014\" width=\"1024\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE.png\"><img class=\"aligncenter size-large wp-image-4705\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE-1024x527.png\" alt=\"DXY 29 YEAR TREND LINE\" width=\"1024\" height=\"527\" /></a>\r\n\r\n&nbsp;\r\n\r\nBefore moving on; we must in my opinion think about one key fundamental factor after two big weeks of Forex moves.\r\n\r\nThat is Fundamentally nothing has changed, with the exception of the BOJ adding additional easing.\r\n\r\nThis fact we must bear in mind moving forward. We have been given opportunities to enter the markets at better prices.\r\n\r\nIf your fundamental views remain that the EUR is going lower, the USD is strengthening, the RBA and RBNZ are looking to weaken their currencies and finally you believe that the BOJ is aiming for 120.00 in the USD/JPY. Then you have a direction and you should have a plan in place.\r\n\r\nI still have PLAN A on the table albeit suspended whilst we get over the high beta news events. PLAN A will bite back next week, it is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up-coming moves so maybe missing a hundred or so pips over the past few days does not concern me too much.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span></strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nThis week as I thought it would be, was a very limited trading week. I only completed 7 trades (6 x profitable and 1 x losing trade\r\n\r\nAs I have repeatedly stated trading Forex, establishing longevity in Forex Trading can only be achieved if you are selective when and how you trade. It took me 5 years to come to terms with this and even now to remain disciplined is extremely hard.\r\n\r\nAbout 8 months ago, I opened up the PREMIUM SERVICE to basically a $20.00 (4 week) trial. Almost 90% of the traders that took advantage of this low cost entry were gamblers. The number of communications that I received about not having 8-10 trades a day was incredible. After a couple of months, I removed the offer.\r\n\r\nYou have to face the simple facts… “IT IS YOU VERSUS THE MARKET”. You have to be savvy, cute and non-trusting of some of the information that you are given, in particular from politicians. Being technical is NOT enough in my opinion. You must have a fundamental overview to give you balance and more than a 5-minute directional viewpoint.\r\n\r\nTherefore in summary, let the trades come to you. This past week was one of those weeks.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nOver the past few weeks the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MICRO LOT TRADING = minimum $1,000.00 to $5,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>MINI LOT TRADING = minimum $5,000.00 to $20,000.00.</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>STANDARD LOT TRADING = minimum $20,000.00 onwards.</strong></span></p>\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\"><img class=\"aligncenter size-full wp-image-4712\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\" alt=\"PREM SERV PROFITS1 08112014\" width=\"446\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\"><img class=\"aligncenter size-full wp-image-4713\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\" alt=\"PREM SERV PROFITS2 08112014\" width=\"465\" height=\"436\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK</strong></span></p>\r\nWhat can I say… from last week’s blog I am going to claim I got it almost 100% correct.\r\n\r\nDraghi did not add anything new last Thursday.\r\n\r\nHe did nothing but talk, which is what Draghi and the ECB are good at.\r\n\r\nGiven the pressure that he was under from Germany, in particular, Jens Weidmann President of the Deutsche Bundesbank, Mario Draghi stood firm over the comments he had made earlier in Jackson Hole in October, which some EUROZONE officials have stated under their breath were made without clearance…. presumably from Germany whether it be Berlin or Frankfurt.\r\n\r\nDraghi managed to pull the rabbit from the hat once again on talk. He did show the following: -\r\n<ol>\r\n	<li>Determination in sticking to his previous comments. When he spoke about QE and expanding the balance sheet of the ECB to the 2012 highs of about €3 trillion. He claimed that the decisions associated with this were 100% unanimous. This shows that he is still in control at the ECB.</li>\r\n	<li>He was very confident in the fact that he had the mandate from the ECB Governing Council to add stimulus if required.</li>\r\n	<li>He was very clear showing that in comparison to the United States the ECB assets are going to expand whilst the U.S. contracts.</li>\r\n	<li>He left the door open to say that he would not hesitate to act if inflation continued to stagnate or if the Governing Council thought that the present action was not enough.</li>\r\n</ol>\r\nWhilst, I think that Draghi has a thankless job, as he is in a puppet position with Berlin holding the strings; he has shown a side of steel that he needs to portray to the markets for the markets to believe the claims of independence that the ECB claims to have.\r\n\r\nNevertheless, I can only imagine the conversations being made behind Draghi’s back in Germany following his comments last Thursday during the ECB Press Conference. As we all now know, because Germany has it’s a “their way or the highway” approach to all matters in the EUROZONE, they need to be dragged screaming like a child to do the right thing, if it’s against their economic strategies. In this case sovereign bond buying (QE).\r\n\r\nCast your minds back. The Germans were anti-EUROZONE bailouts for Greece, Portugal and Ireland. At the eleventh hour and 59 minutes and 59 seconds, Germany suddenly realized that without bailouts the EUROZONE would have collapsed because there was no alternative and finally reality set in.\r\n\r\nAs I have written many times over the past few months, DEFLATION is sitting in the EUROZONE and the Germans are once again in denial.\r\n\r\nCan you imagine the phone calls from Frankfurt to Berlin when Draghi announced the expansion of the ECB balance sheet back to 2012 highs of €3 trillion?\r\n\r\nThis comment from Draghi was made only days after the news agencies (I think it was Reuters) claimed that there was an ECB rebellion.\r\n\r\nAs stated earlier, with this as a backdrop to pull the rabbit from the hat was his finest hour; it was a triumph for him personally.\r\n\r\nMake no mistake; the knives are being sharpened as I type (if not done already) in Berlin and Frankfurt. The were threats of resignations from Jens Weidman and Sabine Lautenschlaeger (President and Vice President of the Bundesbank) but I will be surprised if they happen.\r\n\r\nWhat will happen, in my opinion, after showing that he can cut the puppet strings from Berlin if only for an hour is the following: -\r\n\r\nI would imagine that he would only exercise the purchase of government bonds if EUROZONE inflation continues to remain in DEFLATIONARY mode.\r\n\r\nThe Germans must recognize even if dragged screaming or not, that the risks of DEFLATION are much greater than the risk of credit losses on any potential assets purchased by the ECB.\r\n\r\nFull-blown QE purchasing sovereign bonds is only a matter of time in my opinion. Germany will get on board - they have to because there is no alternative.\r\n\r\nDraghi has played his “joker card”, there can be no more talk. He has committed finally to action, but I do not think that it will be plain sailing. He will have many bridges to repair and smooth over ruffled feathers with his doubters in the EUROZONE because if he does not, I think that he will be acting out modern day scenes from Julius Caesar.\r\n\r\nWill I soon be writing about Draghi being a man of action?\r\n\r\nWell, it may not go that far, but I do know that he is probably a man with a target on his back given what has transpired over the past few days and he will have to keep looking over his shoulder.\r\n\r\nMaybe his career in Italian politics will come around sooner than anticipated?\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></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 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>THE STAGES OF LOSS IN FOREX:</strong></p>\r\nOne of the first things that you should learn in Forex trading is accepting defeat. Although it is a normal part of the overall trading process, losing is something that many traders, both newbies and pros have difficulty with.\r\n\r\nThink about it. Losing in a game where nothing is at stake is tough enough, but so much more painful when there is actual money involved that you have worked very hard for.\r\n\r\nThe main reason behind the difficulty in coping with losses lies with the lack of understanding rather than actual psychological problems. People who are experiencing loses misunderstand the negative emotions that are attached with them, which can cause anguish and despair. This eventually makes them quit Forex trading altogether. People who cannot deal with the psychology of losing end up exiting the Forex trading business quickly.\r\n\r\nIn this article I would like to address that lack of knowledge with losses. In the next several paragraphs, I am going to talk about the four stages of loss in Forex, namely denial, rationalizing, depression, and acceptance.\r\n\r\nDo the terms sound familiar? They should, because they are similar to the four stages of grief. Do note, however, that they are applied differently in Forex. My desire is that by getting to know these four stages, you will be better prepared to handle the losses that come with trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 1: DENIAL</span>\r\n\r\nThe first stage of loss enables you to deal with the losing trade. In this phase you deny to yourself and to others that your trading idea was wrong, and that the loss wasn’t your fault. Reasons like “I was stop hunted” and “I didn’t really care for that trade” are normally used. There’s noting wrong feeling this way, especially if you are new. It\'s a way to ease the blow to your ego, survive the loss, and move on.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 2: RATIONALIZATION</span>\r\n\r\nAfter the denial stage, you move on to rationalizing your trade setup. This is the point in time where you point out everything that’s right about your trade idea and do not even think about what you did wrong. You cite the appropriateness of your trading plan, profit target, stop loss, and entry point but totally disregard that you actually did lose the trade and made a mistake somewhere.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 3: DEPRESSION</span>\r\n\r\nAt this point, you have already looked at the possible external reasons for your loss. You then turn inward and consider the idea that the loss was completely caused by your own doing.\r\n\r\nAlthough it is reasonable to take responsibility for your loss, blaming yourself too much can be damaging to your Forex career if it leads to you consistently doubting yourself. You might ask yourself questions like “Is Forex trading really for me?” and “Why go on at all?” You could even wind up withdrawing yourself from the business altogether if you can’t find enough reasons to keep pushing forward.\r\n\r\nThose who have experienced this kind of self-doubt can attest that the longer the losing streak is the more intense the feeling of depression. In some cases, you could even see yourself thinking of pursuing other business ventures out there and giving up Forex trading.\r\n\r\n<span style=\"text-decoration: underline;\">STAGE 4: ACCEPTANCE</span>\r\n\r\nIn this stage, you begin to realize that it is unhealthy to blame yourself for everything that went wrong. Even though you have accepted that the loss was partly your fault, you are also mindful of the fact that the Forex market is a wild untamed beast and that there are plenty of market factors beyond your control.\r\n\r\nLet me clarify though that acceptance is not simply about feeling okay about the loss. In truth, acceptance is more about aligning yourself with reality and realizing that the loss cannot be undone.\r\n\r\nWhen you reach this stage, you accept that you have made some mistakes on your part but that there are also things you are unable to control. Some even say that acceptance is a mix of rationalization and depression, as you combine the two before you are able to move on.\r\n\r\nAt the end of the day, it is important to remind yourself that you can never truly reverse what has been lost but you can make up for it. One obvious way to do this is to have a winning trade and recover financially, but you can work on rebounding mentally as well.\r\n\r\nYou can come up with improvements for your trading strategy, exercise better risk management, or just figure out how to handle you losses better. Instead of simply denying the loss, you have to move on, adapt and grow.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT204\r\nEUR/USD\r\nShort\r\nCost Average: 1.2450\r\nStop at: 1.2500\r\nLimit at: 1.1860\r\nClosing Price: 1.2452\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nRT205\r\nGBP/USD\r\nShort\r\nCost Average: 1.5870\r\nStop at: 1.5940\r\nLimit at: 1.5200\r\nClosing Price: 1.5865\r\nCurrent Profit / Loss Position: +5 pips\r\n\r\nRT206\r\nAUD/USD\r\nShort\r\nCost Average: 0.8640\r\nStop at: 0.8675\r\nLimit at: 0.8000\r\nClosing Price: 0.8634\r\nCurrent Profit / Loss Position: +6 pips\r\n\r\nRT207\r\nNZD/USD\r\nShort\r\nCost Average: 0.7760\r\nStop at: 0.7845\r\nLimit at: 0.7000\r\nClosing Price: 0.7750\r\nCurrent Profit / Loss Position: +10 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2033\r\nCurrent Profit / Loss Position: -7 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN66\r\nGBP/AUD\r\nLong\r\nCost Average: 1.8520\r\nStop Loss at: 1.8150\r\nLimit At 1.9200\r\nClosing Price: 1.8378\r\nCurrent Profit / Loss Position: -142 pips\r\n<strong>(This trade is hedged from -100 pips)</strong>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI am still a USD bull and PLAN A is still in play.\r\n\r\nI am however stalling following Friday’s trading. After Non-Farm payrolls we saw some very strange moves in the Forex market. The volatility and swings from buyers in control to sellers in control was a little ridiculous at times.\r\n\r\nI had placed 4 x RADAR TRADES with my brokers, all four triggered on a short squeeze on the USD index (DXY).\r\n\r\nI want to make certain at the beginning of next week that the moves lower in particular with the AUD/USD and NZD/USD were not false breakdowns. We breached reversal levels in the short squeeze and although there was a pullback, I need confirmation that my limit order entries are going to hold, otherwise the trades will be covered and PLAN B will be put into play.\r\n\r\nWe are at a very key level with the DXY. The 29-year trend line is holding matters up and it will be frustrating for a few days until we see clear confirmation of whether the USD bears or bulls have won the day.\r\n\r\nPatience is a virtue in these instances. As a result there are no charts to look at. I need to see how trading goes on Monday in the North American session before committing to a longer-term plan.\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<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nAUD/JPY\r\nCAD/JPY\r\nUSD/SEK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nAUD/CAD\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/CHF\r\nGBP/CHF\r\n\r\nThere are so few pairs listed this week, it tells me that we are at a crossroads once again.\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2452.</strong> A very volatile week saw the EUR/USD drop about 100 pips further from last week’s closing price. Draghi has sent his message loud and clear to the markets. It is now just a matter of time before circumstances will see him actively intervening in the bond market. As I wrote about in macro terms in Section 4, I was a little concerned with the price action at the end of last week. My support and resistance levels to sway me one way or the other are; 1.2363 and 1.2580\r\n\r\n<strong>GBP/USD: Closing Price 1.5865</strong>. A very similar story to that of the EUR/USD, we saw a drop of over 100 pips in the cable this past week. I am still very bearish this pair and find it fascinating to watch the BOE back pedal like crazy over rate hikes. Carney delivers his Inflation report this week, when Mervyn King was the Governor of the BOE, the cable was good for a 50-pip drop just on King entering the room. Times have changed, however, I think that Carney will be delivering content in his speech from a high altitude where the air is thin trying to disguise the fact he screwed up earlier this year at London Lord Mayor’s Mansion House event. We may not get any clues on rate increases given the fact he is poor on supplying effective timings. I see big support at 1.5720 and resistance is good at 1.6040.\r\n\r\n<strong>AUD/USD: Closing Price 0.8634</strong>. A nice 100-pip plus fall from last week’s closing price, however, I am not 100% certain of the direction of the Aussie moving forward. I feel bearish but I am not 100% convinced. I am concerned that we could be heading back towards 0.9000 to re-test before falling lower again. The support and resistance levels that I am looking closely at are 0.8540 and 0.8670.\r\n\r\n<strong>NZD/USD: Closing Price 0.7750</strong>. A 200-pip fall from last weeks close, but I fear that we may have fallen too fast and my fear is that we are about to head back to 0.8000 before dropping lower again. This sets up a nice short but I was hoping that we would be set up on our way towards 0.7250 and then 0.7000. Patience is a virtue, I must write that about 5-10 times a week. Support to convince me we are going lower is at 0.7665 and resistance telling me that 0.8000 could be on the cards is at 0.7780.\r\n\r\n<strong>USD/CAD: Closing Price 1.1329.</strong> Blow out employment data on Friday sent this pair spiraling lower back towards 1.1300. 1.1310 held as support and this is my support level moving forward. My resistance level is at 1.1400.\r\n\r\n<strong>USD/CHF: Closing Price 0.9663</strong>. Not a whole lot going on with this pair. We broke above 0.9700 and this placed this pair in breakout territory. After NFP it could hold this level. Support is now at 0.9640 and resistance is at 0.9700.\r\n\r\n<strong>USD/JPY: Closing Price 114.62. </strong>What a move. The BOJ have really placed a cat amongst the pigeons with the JPY. The question is where does it stop. My thoughts are as usual with JPY pairs in round numbers, therefore 120.00 springs to mind straightway. For now the immediate levels to interest me are support at 114.00 and resistance at 115.50.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: CNY – CPi.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Governor Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – BOE Inflation report &amp; Governor Carney speaks.\r\n\r\nTHURSDAY: - N/A.\r\n\r\nFRIDAY: USD – Retail Sales and Core Retail Sales.\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n&nbsp;\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere is not a huge amount of news about this coming week. There are however, market movers with what news events are on the horizon.\r\n\r\nGovernors Wheeler and Carney will move the markets with their reports on Tuesday and Wednesday. These are the two standouts for me.\r\n\r\nAs already written, we are at a crossroads once again, in my opinion. The reaction will be fascinating. Mentally, I am set up for USD strength to resume but I may have to place those thoughts and plans on hold for a few days first.\r\n\r\nFundamentally, nothing has changed. It is technicals that are holding matters up for the now.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 8th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\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.','DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK','','inherit','open','closed','','4716-revision-v1','','','2014-11-08 12:26:54','2014-11-08 17:26:54','',4716,'https://weeklyfxdrivethru.com/4716-revision-v1/',0,'revision','',0),(4720,1,'2014-11-08 13:01:08','2014-11-08 18:01:08','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility at the end of the week with the ECB Press Conference and U.S. Non-Farm payroll reports.\r\n\r\nI stayed more or less on the sidelines during the week and traded very lightly. Over the past few major events I had been caught the wrong side on trades that took hedging to clear which, I am OK with but it is not something that I want to use all the time. In my TRADING PLAN hedging is essentially a facility that I adopt when trading in particular, commodity cross-rates and Nordic currencies. PREMIUM SERVICE SUBSCRIBERS are able to access my articles / thoughts on hedging under the EDUCATION tab inside TRADING ESSENTIALS section of the website.\r\n\r\nAll of the news from Australia and New Zealand earlier in the week faded away very quickly as all eyes were on Draghi and then the jobs report in the U.S.\r\n\r\nDraghi, I will talk about later…I just cannot resist my slant on matters EUROZONE.\r\n\r\nWith regards to the Non-Farm payroll numbers, because the earlier ADP and PMi data releases showed highs from recent times, I like many other observers was slanted towards blowout numbers approaching 300,000, much higher than the predicted 233,000. The number was 214,000. It was still above the key 200,000 but given the prior supporting data it was treated as a little disappointing.\r\n\r\nAll my pre-release work was wasted. After about an hour and a half I set up some limit order entry trades (RADAR TRADES).\r\n\r\nI view the pullback with the USD only a temporary factor. A multi year trend line has been tested and we are in breakout territory. With such inflection points in play you have to expect major buyer / seller activity to see who wins out!\r\n\r\nBelow I include two USD index charts (DXY). The first shows the breakout and the second the multi year trend line.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014.png\"><img class=\"aligncenter size-large wp-image-4706\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014-1024x515.png\" alt=\"DXY - DAILY TREND LINE 08112014\" width=\"1024\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE.png\"><img class=\"aligncenter size-large wp-image-4705\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE-1024x527.png\" alt=\"DXY 29 YEAR TREND LINE\" width=\"1024\" height=\"527\" /></a>\r\n\r\nBefore moving on; we must in my opinion think about one key fundamental factor after two big weeks of Forex moves.\r\n\r\nThat is Fundamentally nothing has changed, with the exception of the BOJ adding additional easing.\r\n\r\nThis fact we must bear in mind moving forward. We have been given opportunities to enter the markets at better prices.\r\n\r\nIf your fundamental views remain that the EUR is going lower, the USD is strengthening, the RBA and RBNZ are looking to weaken their currencies and finally you believe that the BOJ is aiming for 120.00 in the USD/JPY. Then you have a direction and you should have a plan in place.\r\n\r\nI still have PLAN A on the table albeit suspended whilst we get over the high beta news events. PLAN A will bite back next week, it is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up-coming moves so maybe missing a hundred or so pips over the past few days does not concern me too much.\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nThis week as I thought it would be, was a very limited trading week. I only completed 7 trades (6 x profitable and 1 x losing trade)\r\n\r\nAs I have repeatedly stated trading Forex, establishing longevity in Forex Trading can only be achieved if you are selective when and how you trade. It took me 5 years to come to terms with this and even now to remain disciplined is extremely hard.\r\n\r\nAbout 8 months ago, I opened up the PREMIUM SERVICE to basically a $20.00 (4 week) trial. Almost 90% of the traders that took advantage of this low cost entry were gamblers. The number of communications that I received about not having 8-10 trades a day was incredible. After a couple of months, I removed the offer.\r\n\r\nYou have to face the simple facts… “IT IS YOU VERSUS THE MARKET”. You have to be savvy, cute and non-trusting of some of the information that you are given, in particular from politicians. Being technical is NOT enough in my opinion. You must have a fundamental overview to give you balance and more than a 5-minute directional viewpoint\r\n\r\nTherefore in summary, let the trades come to you. This past week was one of those weeks.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nOver the past few weeks the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\n<strong>MICRO LOT TRADING = minimum $1,000.00 to $5,000.00.</strong>\r\n\r\n<strong>MINI LOT TRADING = minimum $5,000.00 to $20,000.00.</strong>\r\n\r\n<strong>STANDARD LOT TRADING = minimum $20,000.00 onwards.</strong>\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\"><img class=\"aligncenter size-full wp-image-4712\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\" alt=\"PREM SERV PROFITS1 08112014\" width=\"446\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\"><img class=\"aligncenter size-full wp-image-4713\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\" alt=\"PREM SERV PROFITS2 08112014\" width=\"465\" height=\"436\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK</strong></span></p>\r\nWhat can I say… from last week’s blog I am going to claim I got it almost 100% correct.\r\n\r\nDraghi did not add anything new last Thursday.\r\n\r\nHe did nothing but talk, which is what Draghi and the ECB are good at.\r\n\r\nGiven the pressure that he was under from Germany, in particular, Jens Weidmann President of the Deutsche Bundesbank, Mario Draghi stood firm over the comments he had made earlier in Jackson Hole in October, which some EUROZONE officials have stated under their breath were made without clearance…. presumably from Germany whether it be Berlin or Frankfurt.\r\n\r\nDraghi managed to pull the rabbit from the hat once again on talk. He did show the following: -\r\n<ol>\r\n	<li>Determination in sticking to his previous comments. When he spoke about QE and expanding the balance sheet of the ECB to the 2012 highs of about €3 trillion. He claimed that the decisions associated with this were 100% unanimous. This shows that he is still in control at the ECB.</li>\r\n	<li>He was very confident in the fact that he had the mandate from the ECB Governing Council to add stimulus if required.</li>\r\n	<li>He was very clear showing that in comparison to the United States the ECB assets are going to expand whilst the U.S. contracts.</li>\r\n	<li>He left the door open to say that he would not hesitate to act if inflation continued to stagnate or if the Governing Council thought that the present action was not enough.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nWhilst, I think that Draghi has a thankless job, as he is in a puppet position with Berlin holding the strings; he has shown a side of steel that he needs to portray to the markets for the markets to believe the claims of independence that the ECB claims to have.\r\n\r\nNevertheless, I can only imagine the conversations being made behind Draghi’s back in Germany following his comments last Thursday during the ECB Press Conference. As we all now know, because Germany has it’s a “their way or the highway” approach to all matters in the EUROZONE, they need to be dragged screaming like a child to do the right thing, if it’s against their economic strategies. In this case sovereign bond buying (QE).\r\n\r\nCast your minds back. The Germans were anti-EUROZONE bailouts for Greece, Portugal and Ireland. At the eleventh hour and 59 minutes and 59 seconds, Germany suddenly realized that without bailouts the EUROZONE would have collapsed because there was no alternative and finally reality set in.\r\n\r\nAs I have written many times over the past few months, DEFLATION is sitting in the EUROZONE and the Germans are once again in denial.\r\n\r\nCan you imagine the phone calls from Frankfurt to Berlin when Draghi announced the expansion of the ECB balance sheet back to 2012 highs of €3 trillion?\r\n\r\nThis comment from Draghi was made only days after the news agencies (I think it was Reuters) claimed that there was an ECB rebellion.\r\n\r\nAs stated earlier, with this as a backdrop to pull the rabbit from the hat was his finest hour; it was a triumph for him personally.\r\n\r\nMake no mistake; the knives are being sharpened as I type (if not done already) in Berlin and Frankfurt. The were threats of resignations from Jens Weidman and Sabine Lautenschlaeger (President and Vice President of the Bundesbank) but I will be surprised if they happen.\r\n\r\nWhat will happen, in my opinion, after showing that he can cut the puppet strings from Berlin if only for an hour is the following: -\r\n\r\nI would imagine that he would only exercise the purchase of government bonds if EUROZONE inflation continues to remain in DEFLATIONARY mode.\r\n\r\nThe Germans must recognize even if dragged screaming or not, that the risks of DEFLATION are much greater than the risk of credit losses on any potential assets purchased by the ECB.\r\n\r\nFull-blown QE purchasing sovereign bonds is only a matter of time in my opinion. Germany will get on board - they have to because there is no alternative.\r\n\r\nDraghi has played his “joker card”, there can be no more talk. He has committed finally to action, but I do not think that it will be plain sailing. He will have many bridges to repair and smooth over ruffled feathers with his doubters in the EUROZONE because if he does not, I think that he will be acting out modern day scenes from Julius Caesar.\r\n\r\nWill I soon be writing about Draghi being a man of action .\r\n\r\nWell, it may not go that far, but I do know that he is probably a man with a target on his back given what has transpired over the past few days and he will have to keep looking over his shoulder.\r\n\r\nMaybe his career in Italian politics will come around sooner than anticipated?\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2452.</strong> A very volatile week saw the EUR/USD drop about 100 pips further from last week’s closing price. Draghi has sent his message loud and clear to the markets. It is now just a matter of time before circumstances will see him actively intervening in the bond market. As I wrote about in macro terms in Section 4, I was a little concerned with the price action at the end of last week. My support and resistance levels to sway me one way or the other are; 1.2363 and 1.2580\r\n\r\n<strong>GBP/USD: Closing Price 1.5865</strong>. A very similar story to that of the EUR/USD, we saw a drop of over 100 pips in the cable this past week. I am still very bearish this pair and find it fascinating to watch the BOE back pedal like crazy over rate hikes. Carney delivers his Inflation report this week, when Mervyn King was the Governor of the BOE, the cable was good for a 50-pip drop just on King entering the room. Times have changed, however, I think that Carney will be delivering content in his speech from a high altitude where the air is thin trying to disguise the fact he screwed up earlier this year at London Lord Mayor’s Mansion House event. We may not get any clues on rate increases given the fact he is poor on supplying effective timings. I see big support at 1.5720 and resistance is good at 1.6040.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.8634</strong>. A nice 100-pip plus fall from last week’s closing price, however, I am not 100% certain of the direction of the Aussie moving forward. I feel bearish but I am not 100% convinced. I am concerned that we could be heading back towards 0.9000 to re-test before falling lower again. The support and resistance levels that I am looking closely at are 0.8540 and 0.8670.\r\n\r\n<strong>NZD/USD: Closing Price 0.7750</strong>. A 200-pip fall from last weeks close, but I fear that we may have fallen too fast and my fear is that we are about to head back to 0.8000 before dropping lower again. This sets up a nice short but I was hoping that we would be set up on our way towards 0.7250 and then 0.7000. Patience is a virtue, I must write that about 5-10 times a week. Support to convince me we are going lower is at 0.7665 and resistance telling me that 0.8000 could be on the cards is at 0.7780.<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.1329.</strong> Blow out employment data on Friday sent this pair spiraling lower back towards 1.1300. 1.1310 held as support and this is my support level moving forward. My resistance level is at 1.1400.\r\n\r\n<strong>USD/CHF: Closing Price 0.9663</strong>. Not a whole lot going on with this pair. We broke above 0.9700 and this placed this pair in breakout territory. After NFP it could hold this level. Support is now at 0.9640 and resistance is at 0.9700.\r\n\r\n<strong>USD/JPY: Closing Price 114.62. </strong>What a move. The BOJ have really placed a cat amongst the pigeons with the JPY. The question is where does it stop. My thoughts are as usual with JPY pairs in round numbers, therefore 120.00 springs to mind straightway. For now the immediate levels to interest me are support at 114.00 and resistance at 115.50.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: CNY – CPi.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Governor Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – BOE Inflation report &amp; Governor Carney speaks.\r\n\r\nTHURSDAY: - N/A.\r\n\r\nFRIDAY: USD – Retail Sales and Core Retail Sales.\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere is not a huge amount of news about this coming week. There are however, market movers with what news events are on the horizon.\r\n\r\nGovernors Wheeler and Carney will move the markets with their reports on Tuesday and Wednesday. These are the two standouts for me.\r\n\r\nAs already written, we are at a crossroads once again, in my opinion. The reaction will be fascinating. Mentally, I am set up for USD strength to resume but I may have to place those thoughts and plans on hold for a few days first.\r\n\r\nFundamentally, nothing has changed. It is technicals that are holding matters up for the now.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 8th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\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.','DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK','','publish','open','closed','','draghis-finest-hour-now-watch-back','','','2014-11-08 13:01:08','2014-11-08 18:01:08','',0,'https://weeklyfxdrivethru.com/?p=4720',0,'post','',0),(4721,1,'2014-11-08 13:01:08','2014-11-08 18:01:08','<strong> </strong>\r\n<ol>\r\n	<li><span style=\"font-size: 14pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nThere was some nice volatility at the end of the week with the ECB Press Conference and U.S. Non-Farm payroll reports.\r\n\r\nI stayed more or less on the sidelines during the week and traded very lightly. Over the past few major events I had been caught the wrong side on trades that took hedging to clear which, I am OK with but it is not something that I want to use all the time. In my TRADING PLAN hedging is essentially a facility that I adopt when trading in particular, commodity cross-rates and Nordic currencies. PREMIUM SERVICE SUBSCRIBERS are able to access my articles / thoughts on hedging under the EDUCATION tab inside TRADING ESSENTIALS section of the website.\r\n\r\nAll of the news from Australia and New Zealand earlier in the week faded away very quickly as all eyes were on Draghi and then the jobs report in the U.S.\r\n\r\nDraghi, I will talk about later…I just cannot resist my slant on matters EUROZONE.\r\n\r\nWith regards to the Non-Farm payroll numbers, because the earlier ADP and PMi data releases showed highs from recent times, I like many other observers was slanted towards blowout numbers approaching 300,000, much higher than the predicted 233,000. The number was 214,000. It was still above the key 200,000 but given the prior supporting data it was treated as a little disappointing.\r\n\r\nAll my pre-release work was wasted. After about an hour and a half I set up some limit order entry trades (RADAR TRADES).\r\n\r\nI view the pullback with the USD only a temporary factor. A multi year trend line has been tested and we are in breakout territory. With such inflection points in play you have to expect major buyer / seller activity to see who wins out!\r\n\r\nBelow I include two USD index charts (DXY). The first shows the breakout and the second the multi year trend line.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014.png\"><img class=\"aligncenter size-large wp-image-4706\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-DAILY-TREND-LINE-08112014-1024x515.png\" alt=\"DXY - DAILY TREND LINE 08112014\" width=\"1024\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE.png\"><img class=\"aligncenter size-large wp-image-4705\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/DXY-29-YEAR-TREND-LINE-1024x527.png\" alt=\"DXY 29 YEAR TREND LINE\" width=\"1024\" height=\"527\" /></a>\r\n\r\nBefore moving on; we must in my opinion think about one key fundamental factor after two big weeks of Forex moves.\r\n\r\nThat is Fundamentally nothing has changed, with the exception of the BOJ adding additional easing.\r\n\r\nThis fact we must bear in mind moving forward. We have been given opportunities to enter the markets at better prices.\r\n\r\nIf your fundamental views remain that the EUR is going lower, the USD is strengthening, the RBA and RBNZ are looking to weaken their currencies and finally you believe that the BOJ is aiming for 120.00 in the USD/JPY. Then you have a direction and you should have a plan in place.\r\n\r\nI still have PLAN A on the table albeit suspended whilst we get over the high beta news events. PLAN A will bite back next week, it is based very simply and primarily on the four bullet points below: -\r\n<ul>\r\n	<li>The end of QE (Quantitative Easing) in the U.S.</li>\r\n	<li>The FED stating that interest rate rises will happen in 2015.</li>\r\n	<li>FED and ECB on divergent monetary policies.</li>\r\n	<li>FED and BOJ on divergent monetary policies.</li>\r\n</ul>\r\nI firmly believe that there are thousands of pips available with the up-coming moves so maybe missing a hundred or so pips over the past few days does not concern me too much.\r\n<ol start=\"2\">\r\n	<li><strong><span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE: </span>\r\n\r\n</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND\r\n</strong><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 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, 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;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nThis week as I thought it would be, was a very limited trading week. I only completed 7 trades (6 x profitable and 1 x losing trade)\r\n\r\nAs I have repeatedly stated trading Forex, establishing longevity in Forex Trading can only be achieved if you are selective when and how you trade. It took me 5 years to come to terms with this and even now to remain disciplined is extremely hard.\r\n\r\nAbout 8 months ago, I opened up the PREMIUM SERVICE to basically a $20.00 (4 week) trial. Almost 90% of the traders that took advantage of this low cost entry were gamblers. The number of communications that I received about not having 8-10 trades a day was incredible. After a couple of months, I removed the offer.\r\n\r\nYou have to face the simple facts… “IT IS YOU VERSUS THE MARKET”. You have to be savvy, cute and non-trusting of some of the information that you are given, in particular from politicians. Being technical is NOT enough in my opinion. You must have a fundamental overview to give you balance and more than a 5-minute directional viewpoint\r\n\r\nTherefore in summary, let the trades come to you. This past week was one of those weeks.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nOver the past few weeks the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; quite frankly only look at trades that have limit orders as entries, because I would not be not sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\n<strong>MICRO LOT TRADING = minimum $1,000.00 to $5,000.00.</strong>\r\n\r\n<strong>MINI LOT TRADING = minimum $5,000.00 to $20,000.00.</strong>\r\n\r\n<strong>STANDARD LOT TRADING = minimum $20,000.00 onwards.</strong>\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\"><img class=\"aligncenter size-full wp-image-4712\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS1-08112014.png\" alt=\"PREM SERV PROFITS1 08112014\" width=\"446\" height=\"429\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\"><img class=\"aligncenter size-full wp-image-4713\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-08112014.png\" alt=\"PREM SERV PROFITS2 08112014\" width=\"465\" height=\"436\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\r\n\r\nJust to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance, but it does show you the direction of the performance of the trades placed. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\r\n\r\nThe above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.\r\n\r\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> WHAT’S ON MY MIND:</strong></span><strong> </strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK</strong></span></p>\r\nWhat can I say… from last week’s blog I am going to claim I got it almost 100% correct.\r\n\r\nDraghi did not add anything new last Thursday.\r\n\r\nHe did nothing but talk, which is what Draghi and the ECB are good at.\r\n\r\nGiven the pressure that he was under from Germany, in particular, Jens Weidmann President of the Deutsche Bundesbank, Mario Draghi stood firm over the comments he had made earlier in Jackson Hole in October, which some EUROZONE officials have stated under their breath were made without clearance…. presumably from Germany whether it be Berlin or Frankfurt.\r\n\r\nDraghi managed to pull the rabbit from the hat once again on talk. He did show the following: -\r\n<ol>\r\n	<li>Determination in sticking to his previous comments. When he spoke about QE and expanding the balance sheet of the ECB to the 2012 highs of about €3 trillion. He claimed that the decisions associated with this were 100% unanimous. This shows that he is still in control at the ECB.</li>\r\n	<li>He was very confident in the fact that he had the mandate from the ECB Governing Council to add stimulus if required.</li>\r\n	<li>He was very clear showing that in comparison to the United States the ECB assets are going to expand whilst the U.S. contracts.</li>\r\n	<li>He left the door open to say that he would not hesitate to act if inflation continued to stagnate or if the Governing Council thought that the present action was not enough.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nWhilst, I think that Draghi has a thankless job, as he is in a puppet position with Berlin holding the strings; he has shown a side of steel that he needs to portray to the markets for the markets to believe the claims of independence that the ECB claims to have.\r\n\r\nNevertheless, I can only imagine the conversations being made behind Draghi’s back in Germany following his comments last Thursday during the ECB Press Conference. As we all now know, because Germany has it’s a “their way or the highway” approach to all matters in the EUROZONE, they need to be dragged screaming like a child to do the right thing, if it’s against their economic strategies. In this case sovereign bond buying (QE).\r\n\r\nCast your minds back. The Germans were anti-EUROZONE bailouts for Greece, Portugal and Ireland. At the eleventh hour and 59 minutes and 59 seconds, Germany suddenly realized that without bailouts the EUROZONE would have collapsed because there was no alternative and finally reality set in.\r\n\r\nAs I have written many times over the past few months, DEFLATION is sitting in the EUROZONE and the Germans are once again in denial.\r\n\r\nCan you imagine the phone calls from Frankfurt to Berlin when Draghi announced the expansion of the ECB balance sheet back to 2012 highs of €3 trillion?\r\n\r\nThis comment from Draghi was made only days after the news agencies (I think it was Reuters) claimed that there was an ECB rebellion.\r\n\r\nAs stated earlier, with this as a backdrop to pull the rabbit from the hat was his finest hour; it was a triumph for him personally.\r\n\r\nMake no mistake; the knives are being sharpened as I type (if not done already) in Berlin and Frankfurt. The were threats of resignations from Jens Weidman and Sabine Lautenschlaeger (President and Vice President of the Bundesbank) but I will be surprised if they happen.\r\n\r\nWhat will happen, in my opinion, after showing that he can cut the puppet strings from Berlin if only for an hour is the following: -\r\n\r\nI would imagine that he would only exercise the purchase of government bonds if EUROZONE inflation continues to remain in DEFLATIONARY mode.\r\n\r\nThe Germans must recognize even if dragged screaming or not, that the risks of DEFLATION are much greater than the risk of credit losses on any potential assets purchased by the ECB.\r\n\r\nFull-blown QE purchasing sovereign bonds is only a matter of time in my opinion. Germany will get on board - they have to because there is no alternative.\r\n\r\nDraghi has played his “joker card”, there can be no more talk. He has committed finally to action, but I do not think that it will be plain sailing. He will have many bridges to repair and smooth over ruffled feathers with his doubters in the EUROZONE because if he does not, I think that he will be acting out modern day scenes from Julius Caesar.\r\n\r\nWill I soon be writing about Draghi being a man of action .\r\n\r\nWell, it may not go that far, but I do know that he is probably a man with a target on his back given what has transpired over the past few days and he will have to keep looking over his shoulder.\r\n\r\nMaybe his career in Italian politics will come around sooner than anticipated?\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span></li>\r\n</ol>\r\n<span style=\"font-size: 12pt;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></span>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2452.</strong> A very volatile week saw the EUR/USD drop about 100 pips further from last week’s closing price. Draghi has sent his message loud and clear to the markets. It is now just a matter of time before circumstances will see him actively intervening in the bond market. As I wrote about in macro terms in Section 4, I was a little concerned with the price action at the end of last week. My support and resistance levels to sway me one way or the other are; 1.2363 and 1.2580\r\n\r\n<strong>GBP/USD: Closing Price 1.5865</strong>. A very similar story to that of the EUR/USD, we saw a drop of over 100 pips in the cable this past week. I am still very bearish this pair and find it fascinating to watch the BOE back pedal like crazy over rate hikes. Carney delivers his Inflation report this week, when Mervyn King was the Governor of the BOE, the cable was good for a 50-pip drop just on King entering the room. Times have changed, however, I think that Carney will be delivering content in his speech from a high altitude where the air is thin trying to disguise the fact he screwed up earlier this year at London Lord Mayor’s Mansion House event. We may not get any clues on rate increases given the fact he is poor on supplying effective timings. I see big support at 1.5720 and resistance is good at 1.6040.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.8634</strong>. A nice 100-pip plus fall from last week’s closing price, however, I am not 100% certain of the direction of the Aussie moving forward. I feel bearish but I am not 100% convinced. I am concerned that we could be heading back towards 0.9000 to re-test before falling lower again. The support and resistance levels that I am looking closely at are 0.8540 and 0.8670.\r\n\r\n<strong>NZD/USD: Closing Price 0.7750</strong>. A 200-pip fall from last weeks close, but I fear that we may have fallen too fast and my fear is that we are about to head back to 0.8000 before dropping lower again. This sets up a nice short but I was hoping that we would be set up on our way towards 0.7250 and then 0.7000. Patience is a virtue, I must write that about 5-10 times a week. Support to convince me we are going lower is at 0.7665 and resistance telling me that 0.8000 could be on the cards is at 0.7780.<strong> </strong>\r\n\r\n<strong>USD/CAD: Closing Price 1.1329.</strong> Blow out employment data on Friday sent this pair spiraling lower back towards 1.1300. 1.1310 held as support and this is my support level moving forward. My resistance level is at 1.1400.\r\n\r\n<strong>USD/CHF: Closing Price 0.9663</strong>. Not a whole lot going on with this pair. We broke above 0.9700 and this placed this pair in breakout territory. After NFP it could hold this level. Support is now at 0.9640 and resistance is at 0.9700.\r\n\r\n<strong>USD/JPY: Closing Price 114.62. </strong>What a move. The BOJ have really placed a cat amongst the pigeons with the JPY. The question is where does it stop. My thoughts are as usual with JPY pairs in round numbers, therefore 120.00 springs to mind straightway. For now the immediate levels to interest me are support at 114.00 and resistance at 115.50.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: CNY – CPi.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: NZD – RBNZ Financial Stability Report &amp; Governor Wheeler speaks.\r\n\r\nWEDNESDAY: GBP – BOE Inflation report &amp; Governor Carney speaks.\r\n\r\nTHURSDAY: - N/A.\r\n\r\nFRIDAY: USD – Retail Sales and Core Retail Sales.\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, 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;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"font-size: 14pt;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nThere is not a huge amount of news about this coming week. There are however, market movers with what news events are on the horizon.\r\n\r\nGovernors Wheeler and Carney will move the markets with their reports on Tuesday and Wednesday. These are the two standouts for me.\r\n\r\nAs already written, we are at a crossroads once again, in my opinion. The reaction will be fascinating. Mentally, I am set up for USD strength to resume but I may have to place those thoughts and plans on hold for a few days first.\r\n\r\nFundamentally, nothing has changed. It is technicals that are holding matters up for the now.\r\n\r\nMore so than ever, it is now paramount that you do not forget about RISK MANAGEMENT or your TRADE PLAN. Absolutely not, in fact it is vital that you keep these in mind more so than ever when trading.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 8th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\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.','DRAGHI’S FINEST HOUR… NOW HE HAS TO WATCH HIS BACK','','inherit','open','closed','','4720-revision-v1','','','2014-11-08 13:01:08','2014-11-08 18:01:08','',4720,'https://weeklyfxdrivethru.com/4720-revision-v1/',0,'revision','',0),(4725,1,'2014-11-08 13:35:03','2014-11-08 18:35:03','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\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<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\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<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-08 13:35:03','2014-11-08 18:35:03','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),