<h3 style="text-align: center;">THE PREMIUM SERVICE
from the
WEEKLY FX DRIVE THRU
“The Home of Single Lot Trading”</h3>
<strong> </strong>
<ol>
	<li><strong> THE VIEW FROM MY TRADE DESK:</strong></li>
</ol>
LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:

1.1: LOOKING BACKWARDS:

Well the FOMC didn’t move on rates. Have they missed the moment? I think possibly?

Monday through Wednesday was very calm. The last 48 hours of the week were really busy. Thursday running up to the announcement, I was at my desk early for the SNB non-event and then I spent time exiting profitable USD related trades and managing my way out of negative USD related trades in readiness for the FED announcement.

Then it was just a roller-coaster ride…..

I know that there was other news last week, but it’s all just gone blank. The Fed decision dominated my thoughts running up to the announcement and it looks like it has blanked my memory as well. I think that my mind is a blank because I just could not believe what I was hearing, and my thought process was in confused mode. If I were a computer I would have pressed CTRL-ALT-DELETE and re-booted. I think that this is what caused my memory loss from earlier in the week. It wasn’t due to alcohol abuse at all, my wife was sun bathing in the garden and never came into the office with a “Jack and Diet” or a “Glass of Pinot”, which she often does on FED days.

I have written my own views on the so-called “Historic Day”. This is in section 2, later in this blog.

Apart from the SNB non-event and the FOMC, the only other news that resonates with me, were the sound-bytes out of the BOE. Some MPC members were on the Reuters news wires talking about loosening rather than tightening monetary policy. Very interesting.

As a FUNDAMENTAL trader this is a development upon which, I need to seek further clarification over the coming days.

I get the feeling that there are some very anxious fund managers and institutional investors dotted around the four corners of the world who will be very tentatively pouring out their cornflakes over the weekend reading the newspapers etc. This will be a developing story and one I will sink my teeth into in my own style moving forward.

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1.2: LOOKING FORWARDS:

MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:

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

MONDAY: CAD – BOC Stephen Poloz…speaks.

TUESDAY: CNY – Flash Manufacturing PMi.

WEDNESDAY: EUR – French &amp; German Flash Manufacturing PMi.
WEDNESDAY: CAD – Core Retail Sales.
WEDNESDAY: EUR - ECB Mario Draghi… speaks.
WEDNESDAY: NZD – Trade Balance.

THURSDAY: USD – Janet Yellen… speaks.

FRIDAY: USD - GDP.

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MY THOUGHTS ON THE NEWS ITEMS THIS COMING WEEK:

I find it incredible. A few months ago the news of a Greek election would have pretty much dominated the headlines. Well, here we are with an election happening today, (Sunday 20<sup>th</sup> September 2015) and, its not making any headlines at all.

The Syriza and New Democracy (ND) parties are running neck and neck. Alexis Tsipras’s popularity as Prime Minister has plummeted from over 60% to around 30%. I believe that had one of the more radical parties, like the “Golden Dawn” the Greek nationalist party or the Greek Communist Party (KKE) been able to draw more than 5% in the polls we may have seen some news about Greece on the TV and on the news wires.

There are quite a few parties standing and the outcome looks likely to be a hung parliament. The big question will be of course, can Antonis Samaras, leader of the New Democracy or Tsipras’s, radical left coalition work together in a government collation? Personally, I doubt it. Then the question is, can a workable majority be formed by coalitions with the smaller parties, probably not enough seats to enable a workable majority, given the many factions that co-exist within the political parties inside Greece.

Will a minority government work? I doubt that as well. Therefore, it looks to me that as Greece may not return a majority government…. uncertainty rules.

From a trading perspective, this could set up some nice EUR trades.

We also have some central banker talk this week. In the following order we have comments due from, Stephen Poloz from the BOC, Mario Draghi from the ECB and the “ditherer” from the FED.

Going sideways for a paragraph or three…

These people are now perceived by the media and the markets and by some of them themselves as “Rock Stars”. They certainly have the power to control and influence; we have seen this increase since the financial crisis of 2008-2009.It won’t be too long before their status and power is taken to the next level.

Could you imagine the following music being played for each central bank president or governor as they walk into the monetary policy meeting with dry ice machines in full operation? : -
<ul>
	<li>Graeme Wheeler (RBNZ) – I Can’t Explain by The Who.</li>
	<li>Mario Draghi (ECB) – I Have The Touch by Peter Gabriel.</li>
	<li>Mark Carney (BOE) – Queen Bitch by David Bowie.</li>
	<li>Stephen Poloz (BOC) – Dazed and Confused by Led Zeppelin.</li>
	<li>Janet Yellen (FED) – She’s So Cold by The Rolling Stones.</li>
	<li>Glen Stevens (RBA) – Cigarettes and Alcohol by Oasis.</li>
	<li>Thomas Jordan (SNB) – Breaking All The Rules by Peter Frampton.</li>
</ul>
It would certainly bring more theatre to the monetary policy statement meetings and take the focus away from the colour of the tie being worn.

Getting back on track…

Following the FOMC no rate hike, I think that anything that is said now by central bank governors will be dissected word by word in as much detail as if it were one of those biology lessons you had as a child in school, taking a frog apart.

I think we as traders should be on our guard and ready for fireworks if policy is to be discussed or questions answered at any of these events.

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MY KEY SUPPORT &amp; RESISTANCE LEVELS THIS WEEK FOR USD MAJORS<strong>:</strong>

(All of my thoughts / ideas / support / resistance levels are noted on the charts below. As always I have cleaned these charts as much as possible to try to enable the viewer to see what I am talking about, without tens of indicators clouding the screen. If you want charts with indicators galore just ask me, they are available on request).

EUR/USD - Weekly Closing Price: 1.1301

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURUSD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6459" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURUSD-DAILY-19092015-1024x538.png" alt="EURUSD DAILY 19092015" width="1024" height="538" /></a>

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GBP/USD - Weekly Closing Price: 1.5532

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/GBPUSD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6458" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/GBPUSD-DAILY-19092015-1024x538.png" alt="GBPUSD DAILY 19092015" width="1024" height="538" /></a>

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AUD/USD - Weekly Closing Price: 0.7191

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/AUDUSD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6460" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/AUDUSD-DAILY-19092015-1024x538.png" alt="AUDUSD DAILY 19092015" width="1024" height="538" /></a>

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NZD/USD - Weekly Closing Price: 0.6412

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/NZDUSD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6468" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/NZDUSD-DAILY-19092015-1024x538.png" alt="NZDUSD DAILY 19092015" width="1024" height="538" /></a>

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USD/CAD - Weekly Closing Price: 1.3224

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/USDCAD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6457" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/USDCAD-DAILY-19092015-1024x538.png" alt="USDCAD DAILY 19092015" width="1024" height="538" /></a>

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USD/CHF - Weekly Closing Price: 0.9689

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/USDCHF-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6456" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/USDCHF-DAILY-19092015-1024x538.png" alt="USDCHF DAILY 19092015" width="1024" height="538" /></a>

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USD/JPY - Weekly Closing Price: 120.00

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/USDJPY-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6455" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/USDJPY-DAILY-19092015-1024x538.png" alt="USDJPY DAILY  19092015" width="1024" height="538" /></a>

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1.3: LOOKING SIDEWAYS (FOR GOOD MEASURE):

This week, I want to give an example of two trades I took on Friday morning last week.

There were some crazy moves in the last 27 hours of the week’s trading hours. I hope that most of my subscribers took heed of the warnings and traded a little smaller position sizes to avoid being caught on the wrong side of trades, which, lets face facts given the moves you could have been. Equity traders probably took a greater beating than Forex traders this time.

There certainly were some spectacular moves.

The major pair that I want to focus on (I am going to ignore cross-rates etc) is the USD/CAD.
<ul>
	<li>Thursday after Janet Yellen announced that rates were not moving it dropped like a lead balloon from 1.3196 to 1.3070 (126 pips).</li>
</ul>
<ul>
	<li>Then it bounced back from 1.3070 to 1.3188 (118 pips). Pretty much a full and complete recovery.</li>
</ul>
<ul>
	<li>Overnight Thursday into Friday it hardly moved until the European session. It then fell from 1.3180 to 1.3017 just after CPi data at 0830AM EDT (163 pips).</li>
	<li>After CPi data it then rallied from 1.3017 to 1.3228 (211 pips).</li>
</ul>
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These were phenomenal moves and quite frankly, impossible to predict, what a 27 hours, and considering for about 8/9 hours of the 27 hours it went sideways in a 20-pip range, quite staggering.

In the background on Friday prior to CAD CPi being released OIL was dropping in price and so was the USD/CAD, the correlation in pricing broken. Then later on in the day as oil was still falling the USD/CAD resumed it’s correlation and the CAD$ weakened at quite a pace playing catch-up.

For Forex Traders to be successful and seek longevity in trading we carve out high probability trades from chart patterns in conjunction with a macro level view of the FUNDAMENTAL economic data. In conjunction with this we have lead indicators that guide us and give us an edge to our trades.

My lead indicators are: -
<ul>
	<li style="text-align: left;">OIL</li>
	<li style="text-align: left;">GOLD</li>
	<li style="text-align: left;">COPPER</li>
	<li style="text-align: left;">USD/CAD</li>
	<li>AUD/USD</li>
	<li>AUD/JPY</li>
	<li style="text-align: left;">USD/SEK</li>
	<li>(Currencies also in conjunction with my ) FX PRESSURE CHARTS</li>
</ul>
My daily routine is to look at these and using multi screens these are my “EDGE” to my selection of trades. They provide me with directional trends and probabilities based on inter-market correlations (I wrote several articles in the autumn/fall of 2013 / spring 2014 about how correlations do matter in Forex Trading).

I am not saying that I have the “Holy Grail” of Forex Trading, but I am saying that this works for me. In conjunction with my TRADING PLAN, everyone needs a plan, if you don't have a plan, as far as I am concerned you would be trading like a headless chicken.

On Friday morning, Oil was falling…. so was the USD/CAD. My pressure charts were so RED regarding trading this pair, there was so much money buying CAD$ it would have been crazy to step in and take a trade USD/CAD long.

As soon as the CAD CPi data came through, which was in line with expectations, the pair which by this stage was so oversold and below 8/9-trend line support it was prime for bounce. As soon as buyers of the USD appeared, oil was still falling and my charts went a little green I entered long in two different broker accounts. From divergent RSI (Relative Strength Indicators) the oversold conditions were so extreme buyers were leaping in.

This was a high probability trade based off severe over-selling; breaking a long established trend line. The selling was so extreme it was bound to overshoot. On two trades I entered before the pair bottomed, and my goal was 20-30 pip trades, as I expected no more than that. The pair rallied 211 pips from the lows to highs; I missed about 150 pips of the move.

Just for the record, oil dropped 4.7% on the day and closed at $44.68 a barrel. I am still in the camp that Supply and Demand works (My old Economics lecturers “Woodsie and Tossa” would be proud, if they are still alive?), oil has sub $40.00 written all over it.

Back to the trade…

Did I do well?

I am not looking for a pat on the back.

I watched the pair move lower.

I checked my correlations / lead indicators / pressure charts / identified on my charts key support levels whether they be horizontal support areas or Fibonacci levels.

I looked at the next level lower to establish my RISK.

I created what I call my “ACTIVE ZONE” (This is where if I feel the trade is right I will establish my trade).

I established my target / limit zones.

These were FLASH TRADES (as I call them) anything between 10 and 50 pips but mostly I like 20-30 pip objectives.

When the oil price darted lower, the entry-level indicators on my pressure charts were green for go and I went long at two different places in two different broker accounts.

Yes, looking back I could have taken 50% off my position size when the trade reached my target area then moved my stop to breakeven and let the trade run. At the time the volatility was so great, and my plan had been set long before the trade commenced I knew what I was going to do and I did it.

As I stated earlier I am not looking for a pat on the back. Not all trades no matter how well thought out run as planned/hoped. But you need to have the mindset to seek out high probability trades so that the numbers of successful trades outweigh the loss making ones.

My point with this example of a trade that was undertaken is that Forex trading has to be thought out, even under high pressure, which, Friday morning definitely was.

As long as you can identify high probability trades and set in place via your TRADING PLAN your routine required, the critical success factors that must be met to make the trade happen… then… you stand a chance of succeeding with longevity as long as you apply RISK MANGEMENT to your POSITION SIZING.
<ul>
	<li>I identified the USD/CAD long as a high probability trade to look at.</li>
	<li>My RISK/REWARD was established before the trade.</li>
	<li>My entry/exits were zoned on my charts before I entered.</li>
	<li>I was checking all my lead indicators all the time on my screens to give me the green for go.</li>
</ul>
The routine is the same for my FUNDAMENTAL or RADAR trades. The major difference is that they are not as time pressured with eyes tracking 6 screens. They are pre-meditated trades.

Forex trading is a business. It is you versus the world. Every EDGE you have gets you a notch closer to having more profitable trades than losing ones. To be disciplined at all times is the key to success in my opinion.

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<ol start="2">
	<li><strong> WHAT’S ON MY MIND:</strong></li>
</ol>
<p style="text-align: center;">This week’s main blog title is…</p>
<p style="text-align: center;">JANET YELLEN DITHERS, MOVES GOAL POSTS
&amp;
CREATES MORE MARKET UNCERTAINTY</p>
<p style="text-align: center;">Last week’s main blog article title was….</p>
<p style="text-align: center;">WILL THE FOMC DITHER
OR
WILL YELLEN DELIVER THE PUNCH?</p>
<strong> </strong>

What can I say?

I am originally from Liverpool. I could write for hours this week. To keep this short and focused with what is running through my brain will be difficult…. but I will try.

I have listened to and read so many comments, both financial and political about the FOMC announcement last Thursday that my brain hurts.

For the love of God, this is dithering…this is moving the goal posts because the FOMC is sh*t scarred of making an error.

To blame the emerging markets and/or China for the FED not raising rates, is in my opinion utter boll**cks. All of the American commentators and analysts were in full voice shouting at the TV stating that the FED has to consider the world position and is now the banker for the world, because world global economies are so under-performing…. blah, blah fecking blah.

The FED has a mandate on inflation, interest rates and employment.

It never considered any other country when Ben Bernanke flooded the U.S. economy with cash and went on a bond-buying spree dropping wedges of $100 bills into New York and Chicago.

Sure there are global risks, for God’s sake there always are.

Now as I read it, the FED mandate also includes managing “Asset Prices” because that is essentially what Janet Yellen has indicated through her very/extremely dovish stance.

She talks a lot about inflation and the FED target rate of 2%. She wants to see inflation approaching this level. Well excuse me for saying, but there isn’t a central banker on the planet right now or any ex. Central bank governor or president alive who knows how to increase the inflation levels within an economy.

If this is going to be a stumbling block we will never see rates rise at all for years. ZIRP is the new normal.

All this forward guidance counted for nothing. It’s OK when moving lower with rates, all the cuddles are handed out to all areas of the market… we love you guys, we will accommodate the markets we will support you. Providing forward guidance when trying to raise rates is virtually, if not, completely impossible as the FED cannot state on what date interest rates will increase and by how much. Goals and objectives were set out but now these are fudged and the goal posts moved.

The FOMC played Wall Street. However, Main Street must be thinking, Holy Mother of God, 7 years of zero interest rates and the FED can’t even put 0.25% on the board. How unstable and fragile is our economy? Can it still be this bad after 7 years, not even 0.25%? Consumer confidence numbers will be interesting to gauge moving forward.

This is dithering. Janet Yellen knows she can’t influence inflation. This is a red herring.

She has created the very thing she says she wants to rid the markets of…UNCERTAINTY.

The markets initial response was reversed and then reversed again and then reversed once more… thank God the FED wants stability!!

For once, I actually believed that the markets had all but priced in this rate rise. The world reaction was surprise. Even the BOE had MPC members quoting loosening rather than tightening last Friday. Talk about an about turn.

In my opinion, Yellen has created great uncertainty and by introducing a host of outside factors in the melting pot, the decision on rates increasing this year is not 100% certain.

What does this do for longer-term trading plans?

Well my thoughts and my plan are on hold for now. I need to gather more information and more data and see the markets reaction to this non-move.

I could only imagine what Mario Draghi felt like at 3.15PM EDT last Thursday with the EUR/USD at 1.1450. I would say not comfortable.

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<ol start="3">
	<li><strong> THE PREMIUM SERVICE:
</strong></li>
</ol>
3.1: SUMMARY OF YEAR TO DATE PERFORMANCE - 2015:
<p style="text-align: center;">PREMIUM SERVICE – COST INCOME ANALYSIS (USD):</p>
<p style="text-align: center;">EMANATING FROM TRADE SET-UPS – to September 18th 2015.</p>
<p style="text-align: center;">MICRO LOT TRADER - 489 trades cost to trade = $48.90
<strong>PROFIT</strong> from 489 trades = <strong>$803.30</strong></p>
<p style="text-align: center;">MINI LOT TRADER - 489 trades cost to trade = $489.00
<strong>PROFIT</strong> from 489 trades = <strong>$8,033.00</strong></p>
<p style="text-align: center;">STANDARD LOT TRADER - 489 trades cost to trade = $4,890.00
<strong>PROFIT</strong> from 489 trades = <strong>$80,330.00</strong></p>
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3.2: PREMIUM SERVICE – TRADE SUMMARIES MONTH &amp; YEAR TO DATE:

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PREM-SERV-PROFITS1-19092015.png"><img class="aligncenter size-full wp-image-6450" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PREM-SERV-PROFITS1-19092015.png" alt="PREM SERV PROFITS1 19092015" width="462" height="417" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PREM-SERV-PROFITS2-19092015.png"><img class="aligncenter size-full wp-image-6451" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/PREM-SERV-PROFITS2-19092015.png" alt="PREM SERV PROFITS2 19092015" width="471" height="411" /></a>

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NOTES:
<ul>
	<li>If the above return from Forex Trading interests you go to my website landing page at <a href="http://www.weeklyfxdrivethru.com">weeklyfxdrivethru.com</a> and check out the subscription options and special promotions under the tabs “PREMIUM SERVICE” and “PROMOTIONS”</li>
	<li>The performance above is based off single-lot trade sizes.</li>
	<li>THE PREMIUM SERVICE has subscribers with broker accounts of sizes ranging from $2,500 to over $100,000. A profitable trade is a profitable trade. It is all about trading according to the size of your broker account (EFFECTIVE POSITION SIZING) and applying RISK MANAGEMENT principles at all times.</li>
</ul>
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<strong> </strong>
<ol start="4">
	<li><strong> PREMIUM SERVICE (GOLD) SUBSCRIBER CONTENT:</strong></li>
</ol>
(The following section is additional data, thoughts, and ideas exclusively for PREMIUM SERVICE (GOLD) subscribers)

4.1: THE PREMIUM SERVICE – TRADING REVIEW &amp; LOOKING FORWARD:

I held back on trade volume this past week in view of the FOMC announcement.

Trades that were undertaken were mainly FLASH TRADES and from a trading perspective this had to be expected.

On the positive front, the PREMIUM SERVICE account for September went positive overall, which is a good motivational view to have. RADAR TRADES are however negative for the month so far.

I have a lot of part-time subscribers who only trade RADAR and FUNDAMENTAL trades. This month you are basically at break even if you trade my suggestions 100%. The PREMIUM SERVICE is running basically 66% / 33% profitable versus loss making trades this month so far.

Over this weekend, I am carrying four negative trades forward. Despite being under water, I am comfortable with all four trades, in regards to their direction and position size. The risk from my perspective is manageable.

Looking forward, Yellen certainly has thrown things up in the air and I need to gather more information and gauge the market reaction before committing to longer-term trades. I have a SKYPE meeting with my peer group tomorrow (Monday 21<sup>st</sup>) and I will see where they’re thoughts are and add them to my own.

There will be opportunities; I have no doubt about that at all. Later in this section I have looked at cross rate charts as these will offer good pip potentials if “RISK OFF” really comes back with a bang.

I have a few ideas in mind and I hope to get these to you during the European session Monday.

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4.2: MAJOR TRADING PAIRS WITH LONGER-TERM MATCHING TRENDS:

(The following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction).

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/TRENDING-19092015.png"><img class="aligncenter size-full wp-image-6452" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/TRENDING-19092015.png" alt="TRENDING 19092015" width="506" height="635" /></a>

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4.3: THE PREMIUM SERVICE - LIVE TRADES ARE:

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/LIVE-TRADES-19092015.png"><img class="aligncenter size-full wp-image-6453" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/LIVE-TRADES-19092015.png" alt="LIVE TRADES 19092015" width="723" height="566" /></a>

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4.4: THE PREMIUM SERVICE – LIMIT ORDER TRADES ARE:

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/RADAR-TRADES-19092015.png"><img class="aligncenter size-full wp-image-6454" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/RADAR-TRADES-19092015.png" alt="RADAR TRADES 19092015" width="715" height="446" /></a>

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4.5: POTENTIAL TRADES - WHAT PAIRS / CHARTS AM I LOOKING AT?

I have added all the cross rate pairs here with the EUR/GBP as well. My comments and thoughts are on the charts below.

Most of the cross rates are heading towards interesting Fibonacci levels. In a normal market I would be looking to pick up long at these levels, as you will see from the charts. However, it is NOT normal at the moment and caution needs to be applied.

In addition to the EUR/GBP, I am also looking at USD/CAD and USD/CHF longs again on pullbacks. I will probably have something on paper regarding these into the European open or just before the US open on Monday.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURAUD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6467" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURAUD-DAILY-19092015-1024x538.png" alt="EURAUD DAILY 19092015" width="1024" height="538" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURCAD-MONTHLY-19092015.png"><img class="aligncenter size-large wp-image-6466" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURCAD-MONTHLY-19092015-1024x538.png" alt="EURCAD MONTHLY 19092015" width="1024" height="538" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURGBP-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6465" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURGBP-DAILY-19092015-1024x538.png" alt="EURGBP DAILY 19092015" width="1024" height="538" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURNZD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6464" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/EURNZD-DAILY-19092015-1024x538.png" alt="EURNZD DAILY 19092015" width="1024" height="538" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/GBPAUD-DAILY-19092015.png"><img class="aligncenter size-large wp-image-6463" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/GBPAUD-DAILY-19092015-1024x538.png" alt="GBPAUD DAILY 19092015" width="1024" height="538" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/GBPCAD-MONTHLY-19092015.png"><img class="aligncenter size-large wp-image-6462" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/09/GBPCAD-MONTHLY-19092015-1024x538.png" alt="GBPCAD MONTHLY 19092015" width="1024" height="538" /></a>

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<ol start="5">
	<li><strong> MY FINAL THOUGHTS:</strong></li>
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OVERVIEW OF TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:

We have to trade smart this week and allow the dust to settle.

Many of the big institutional investors were either squared off ahead of the FOMC or not 100% back at their trade desks following the summer break, knowing that this FOMC meeting was so important they did not want to establish prior positions.

We need to allow these movers back into the market and then plan.

Without doubt the smart money was in cash ahead of the FOMC decision and this cash being re-introduced will affect how the markets move forward together with central bank reaction around the globe. We have Poloz and Draghi scheduled this week and based upon the fact BOE MPC members were chomping at the bit to speak last Friday do not be surprised to hear Mark Carney utter a few sentences.

We are in news driven, central banker environment right now so we need to trade cleverly, whether you are a scalper, medium term swing or longer-term position trader.

Watch oil; it is a fundamental to basically every markets move and inter-market correlations. Breaking below $40.00 will be a huge event this week, even if it is expected. The question will be where does it stop? It is a pure speculators market and I have no doubt a few will have deep enough pockets to try and pick a bottom, but, would you stand in front of falling oil prices? I know I would not.

Oil is not just about the CAD, NOK and MXN it is about the USD as well. Watch its movements. It is a great lead indicator…. most of the time!!

Take care.

Scott Pickering
The Pip Accumulator
https://weeklyfxdrivethru.com/disclaimer/