<h3 style="text-align: center;"><span style="text-decoration: underline;"><strong>THE PREMIUM SERVICE</strong></span>
<span style="text-decoration: underline;"><strong> (The Home of Single-Lot $$$$ Trading)</strong></span></h3>
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<span style="text-decoration: underline;"><strong>1. INTRODUCTION:</strong></span>

Thank God that last week is over.

I was really well positioned early in the week - USD long with most of my LIVE trades ready for lift off. Then we had a day of three back-to-back squeezes focusing on different pairs / areas at a time. I tried to keep myself active in the trades but eventually gave in and it became a day of managing losses from my perspective.

What a dreadful start to the month. I will have to focus and work hard, back to basics to return into positive numbers again. The great news is that with Forex Trading, there is a market everyday. As I mentioned to one of my UK subscribers last week, that usually after NFP it’s best to be light on trading until the Tuesday following a NFP data release. This is what I will do, for PREMIUM SERVICE subscribers I will run through my thoughts now that the USD is breaking out above the 61.8% retracement level and heading higher (more of this later).

During last week apart from the “Squeeze Day” we had some key data and news releases.

• Despite weaker ISM numbers and ADP numbers missing we had blow out NFP data. This has placed the DXY above key resistance and the USD back into strength mode.

• UK all PMI’s beat (Which made the GBP very bullish).

• The RBA cut interest rates.

• RBNZ Governor Wheeler was about as useful as a chocolate teapot in talking down the NZD/USD.

• CAD jobs numbers were good.

The “squeeze” took the joy of the week away from my own perspective as far as I was concerned, but we are set up now for what could be a week or two of some nice directional trading. If it happens it will give me a Cheshire cat grin from ear to ear.

Looking forward, the pick of the news events for me this week are: -

RBA - Governor Glenn Stevens speaking twice.
AUD - Employment Data (watch the part-timers they screw with the numbers).
GBP – Bank of England Inflation Report (“Jackanory” time for Carney).
USD – Core Retail Sales.

As I have mentioned several times to my subscribers this past week, its how you bounce back that sets you aside from the crowd. I know lots of retail traders were hit bad on both the “SNB day and Squeeze Day”. I hope for all of us that the next two weeks will deliver directional trading as I think.

Time will tell.

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<span style="text-decoration: underline;"><strong>2. WHAT’S ON MY MIND: -</strong></span>
<span style="text-decoration: underline;"><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>

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<p style="text-align: center;"><strong>THE MERRY-GO-ROUND CONTINUES…OR DOES IT?</strong></p>
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To say that Forex Trading is like riding a roller coaster after consuming a full IRISH ALL DAY BREAKFAST is pretty accurate in my eyes. At times you feel like you are going to puke your guts up and at others the thrill of trying to keep it down because the ride is so good is exhilarating.

As traders we have suffered through SNB Day, the ECB QE and most recently the mother of all short squeezes…it is one could say a merry-go-round or roller coaster ride.

Is it fun…you be the judge?

From reading on twitter to watching on TV, all you hear is Forex Trainers telling you how much they love volatility. This is bulls*it…they do not trade, they have zero skin in the market. All they do is spout what sounds cool, what they think we, as traders love to hear.

I like DIRECTIONAL TRADING, nothing more nothing less. It’s the business, it’s the best type of trading, for me it’s great, I love it, give me more of it. Never in a million years could I ever believe I would get sick of, or in any way over-supplied with DIRECTIONAL TRADING.

Unfortunately, we do not get enough DIRECTIONAL TRADING…. We get bloody “chop-fest” after “chop-fest” followed by a washout squeeze for good measure, it’s like playing ball with an over exuberant Labrador dog and getting head butted by the dog in the samosas (balls) … it hurts but you just get on with it.

This to me is Forex Trading; you get kicked in the boll***s over and over again and like laboratory rats on a food experiment you just keep coming back for more.

Moving on from the pleasantries;

The USD INDEX (DXY) 240-minute chart below shows that last Friday after the release of the U.S. Non-Farm payroll numbers we broke out of the bull flag pattern. The measured move is to about 101.00. If this measured move happens and it will NOT be in a straight line there should be some big Forex moves in the pipeline.

So does the merry-go-round continue?

I think that it all depends on the open tonight thru Monday’s sessions in Europe and North America. If the DXY continues to hold above the trend line I believe yes the merry-go-round is over for a while.

What would I like to see happen?

Tomorrow at some time I would like to see the trend line break re-tested and a bounce take place back in the direction of 101.00. If this happens… happy days, I hope!!

So what currency pairs will I be focused on and to what levels?

1. EUR/USD: - A move higher with the DXY, should see the EUR/USD fall. Assuming that the DXY takes on the measured move to 101.00, in my eyes this targets the EUR/USD to 1.0750.
NOTE: This directional move is supported by the divergent monetary policies of the FED and ECB. One hawkish and raising rates, the other dovish about to launch a full-on Quantitative Easing (QE) program.

2. EUR/GBP: - The DXY move should set this pair lower towards 72.40. With this pair I have to take into consideration the GBP/USD move. Should the EUR/USD really come under pressure the GBP/USD will fall in sympathy if for no other reason. I can’t see the BOE Governor Mark Carney getting his panties in a twist if cable weakens.
NOTE: This direction is supported by ECB policy.

3. USD/JPY: - Even though I hate trading JPY pairs a move to re-test the highs of 121.84 looks to be in play with increasing USD strength. Ultimately, we could test as high as 125.00, who knows?
NOTE: This directional move is supported by divergent central bank policies that are currently in play between the FED and BOJ.

4. AUD/USD: - This pair has held up really well all things considered and particularly given the fact that RBA cut rates last week and has become very dovish in outlook. The RBA monetary policy statement last week was not as dovish as I was expecting but there is no doubt that the RBA Governor Glenn Stevens wants to see the AUD/USD exchange rate around 0.7000. That is about 700 pips off present levels. The DXY at 101.00 would certainly achieve this goal in my opinion.
NOTE: This directional move is supported by the central bank divergent monetary policies being different between the FED and RBA.

5. NZD/USD: - We have the most bizarre of all central bank governors in position at the RBNZ in the shape of Graeme Wheeler. He raises the central bank interest rates and then tries to talk down the exchange rate of the NZD/USD. He is a bit of a nightmare and has cost me thousands of pips and $$$ in the past 12 months. Having said that New Zealand Prime Minister John Key wants the NZD/USD exchange rate around 0.6500. Lets see if he can successfully pressure the independent RBNZ into action to achieve this level.
NOTE: The RBNZ came out dovish two weeks ago and is on a divergent monetary policy to that of the Fed and in so being this way supports a move lower with this currency pair.

6. USD/CHF and EUR/CHF: - Now that “SNB day” is behind us, the SNB is no longer handcuffed on intervention. They have said albeit through unnamed individuals within the SNB that they would like to see the EUR/CHF around 1.1000 and given any USD strength the USD/CHF could head back to parity.

If the merry-go-round stops we should have DIRECTIONAL TRADING of a sort, but as I said earlier do NOT expect a straight-line move. Announcements involving the FED will spur the move on and whatever you hear about the FED not raising rates, it will be complete crap in my opinion because if the FED does not deliver what it has promised the market, it will have huge credibility issues. That is the very last thing that Janet Yellen needs. There may be f**k ups on timings of rate hikes but rate hikes there will be.

Certainly the trades and pairs listed above will be on my RADAR from Tuesday morning. The commodity currencies concern me a little at the moment because equities are not rolling over. If we see a pullback in U.S. equities then all is OK. Rate hikes from the FED will help.

The cross-rates are a different matter; certainly with a shift in RISK they become more and more attractive.

The first few days of this week will either confirm the USD move or not. Personally, I can’t wait to see what happens.

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<span style="text-decoration: underline;"><strong>3. THE PREMIUM SERVICE:</strong></span>
<span style="text-decoration: underline;"><strong>SUMMARY OF PERFORMANCE:</strong></span>

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3.1 OVERVIEW:

For new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of www.weeklyfxdrivethru.com At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.

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3.2 PREMIUM SERVICE – SUBSCRIPTION COSTS:

Full details regarding the PREMIUM SERVICE can be found on my website www.weeklyfxdrivethru.com
On the welcome page there are a series of TABS at the top of the page that provide a summary of what the PREMIUM SERVICE is about and what you receive for your subscription.

THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -

10 weeks - $200.00
20 weeks - $350.00
40 weeks - $500.00

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3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:

Last week was a bugger of a week. The “squeeze” really took my trades and accounts apart, thankfully I trade with stops and have a 3% limit in place to cope with market shenanigans. It still does not look pretty when you look at your broker account balance, although it could have been worse.

The PREMIUM SERVICE therefore shows a negative for the start of February. All loss trades were mainly due to the squeeze; I was positioned in line with Central Bank policy ready to make a killing on about 600-700 pips when it all went arse-ways. I took around 800 pips in losses instead.

Personally, I traded lightly after taking the above losses, as I believed that the markets would go sideways up until NFP.

The usual summary charts detailing the week and year to date performances, are below: -

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3.3.1. – PREMIUM SERVICE PROFIT/LOSS RATIOS:

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-08022015.png"><img class="aligncenter size-full wp-image-5254" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-08022015.png" alt="PROFIT-LOSS RATIOS 08022015" width="405" height="587" /></a>

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3.3.2. – PREMIUM SERVICE RISK/REWARD ANALYSIS:

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-08022015.png"><img class="aligncenter size-full wp-image-5255" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-08022015.png" alt="RISK-REWARD 08022015" width="431" height="548" /></a>

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3.3.3. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS-1-08022015.png"><img class="aligncenter size-full wp-image-5256" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS-1-08022015.png" alt="PREM SERV PROFITS 1 08022015" width="456" height="438" /></a>

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS2-08022015.png"><img class="aligncenter size-full wp-image-5257" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS2-08022015.png" alt="PREM SERV PROFITS2 08022015" width="459" height="419" /></a>

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3.4 THE PREMIUM SERVICE – 2015 PROMOTION:

THE PREMIUM SERVICE
(The Home of Single-Lot Trading)

FOR JANUARY and FEBRUARY 2015
ONLY
THE PREMIUM SERVICE
Offers a
“BONUS WEEKS”
LIMITED TIME PROMOTION:

Keeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.

If you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.

This is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)

The promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by
AvaTrade and Blackwell Global.

If you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.
Conversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.

The choice is yours.

This promotion with my associated trading partners will expire of Saturday 28th
February 2015…it is really very limited: -

1. Subscribe to the PREMIUM SERVICE:

You will need to go to the welcome page of my website www.weeklyfxdrivethru.com
Click on the sign-up tab at the top of the page.

2015 PREMIUM SERVICE SUBSCRIPTION RATES
10 weeks = $200.00
20 weeks = $350.00
40 weeks = $500.00 (full year / annual subscription)

NOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times.

Hence, 40 weeks is equal to an annual subscription.

2. Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.

This will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.

For Blackwell Global advise me of what you are doing and I will guide you through the process.

All the banners are on the welcome page of my website
www.weeklyfxdrivethru.com

3. PREMIUM SERVICE – BONUS WEEKS PROMOTION:

Once the LIVE trading account is confirmed and funded, I will extended
PREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at premiumservice@weeklyfxdrivethru.com: -

10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)
Your subscription would be equivalent to $13.33 per week.

20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)
Your subscription would be equivalent to $11.66 per week.

40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)
Your subscription would be equivalent to $8.33 per week.

This promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.

It would hopefully be the start of a very profitable relationship together.

4. PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:

Only broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.

For the “BONUS WEEKS PROMOTION” in subscription weeks to the
PREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.

This PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com

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<span style="text-decoration: underline;"><strong>4. PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</strong></span>
(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)

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4.1 EDUCATION:
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>POSITION SIZING…</strong></span>
<span style="text-decoration: underline;"><strong> TIPS ON HOW TO AVOID RISKING TOO MUCH</strong></span></p>
In the past year or so I have written two or three articles on this subject and, in addition, POSITION SIZING has featured within other articles important to Forex Trading. I thought that it would be a good idea to revisit this topic once more from a different perspective.

I believe that the proper position sizing is THE single most important skill a trader should have. Yes, That’s right – it’s that critical.

Simply put, proper position sizing means setting the correct amount of lots (MICRO, MINI or STANDARD) to buy or sell a currency pair. In other words, it involves finding the position size that will keep you within your risk comfort level.

Proper POSITION SIZING is a key element in RISK MANAGEMENT. And as we’ve been told many times, RISK MANAGEMENT can determine whether you live to trade another day or not. It can keep you from risking too much on a trade and blowing up your account.

Let me spell it out in my style:

CAPITAL PRESERVATION is PARAMOUNT TO TRADING FOREX.

LONGEVITY can only be achieved through TRADING CONSISTENCY.

POSITION SIZING allows you to come back the next day.

TRADE PLANS with RISK MANAGEMENT = LONGEVITY.
(Establish your RISK TOLERANCES)

Sure, when you bet big, you can win big. But what happens when you lose? You don’t need to be a brain surgeon to figure that one out – you lose big too.

Without knowing how to size your positions properly, you may end up taking trades that are far too large for you. In such cases, you become highly vulnerable when the market moves even just a few pips against you. Here are a couple of tips to avoid risking too much.

1. IDENTIFY AND ACKNOWLEDGE:

Nobody does something just for the heck of it. Binge eaters don't just overeat just so they can eat a lot. In one-way or another, they get something out of it, some sort of self-fulfillment perhaps.

The same is true for a trader who always finds himself or herself betting too much on his trades even when past experience tells him it’s not a good idea. Why do they keep on doing it?

A little introspection can make one realize that it’s more than just about being greedy. For most traders, they realize that their aggressive behavior is tied to their self-worth. They bet big in the hope that they win big. The prospect of massive gains consequently makes them feel good about themselves.

The problem though is that they don’t fully understand how much they could lose and they find themselves being unable to control their emotions when the price goes against their way, even by just a few pips.

In order to address it, one has to acknowledge that there is indeed a problem and that will make a trader realize that this mindset is flawed. With time and conscious effort, he will eventually realize that his trading positions don’t measure his worth as a trader.

2. KNOW YOUR LIMITS:

You also need to find out your tolerance for risk. There are two opposite sides in the trading spectrum with one extreme being risk-seeking and the other being risk averse. Do you know where you stand?

Although most traders risk a fixed percentage of their account on a trade, there’s no one size fits all method to go about it.

Personally, I say 3% of your account at risk at any one time and 0.5% risk of your account per trade. You may have different risk levels you are prepared to tolerate. This is critical to success. MANAGING RISK and knowing your RISK TOLERANCES are the critical success factors to trading the Forex Market.

Before you even get to the mathematical aspect of it, you first need to determine your psychological limits for risk. If you’re unsure how to go about it, take it slow. Adjust your position sizes according to the potential losses that you know you can sustain. The basic rule is to keep them small enough so that even when you lose, they don’t evoke any strong emotional response that could derail your trading.

Often times, traders make the mistake of focusing solely on finding the perfect entries and exits, but what really spells the difference between successful and unsuccessful traders is risk management. Its something that should never be taken for granted and the first step towards smart RISK MANAGEMENT is proper POSITION SIZING.

Inside the PREMIUM SERVICE under the EDUCATION tab you will find TRADING ESSENTIALS contained in this folder there are many articles that I have posted that refer to the other key topics listed in this article: -

RISK MANAGEMENT
TRADE PLANS
RISK TOLERANCES
LONGEVITY IN TRADING
CAPITAL PRESERVATION
POSITION SIZING

These should be read in conjunction with this article.

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4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:

Below is the current spread sheet showing the existing live trades.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/LIVE-TRADES-08022015.png"><img class="aligncenter size-full wp-image-5264" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/LIVE-TRADES-08022015.png" alt="LIVE TRADES 08022015" width="705" height="488" /></a>

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4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:

Below you will find an excel spreadsheet covering the trades that are currently on my RADAR. Those with a reference number are already placed with my brokers. Any others listed will be allocated a reference number as I place the trade with my broker. This may not happen on Monday morning, it may be delayed to verify the USD breakout as per my comments in the blog.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRADES-ON-RADAR-08022015.png"><img class="aligncenter size-full wp-image-5265" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRADES-ON-RADAR-08022015.png" alt="TRADES ON RADAR 08022015" width="711" height="415" /></a>

I have listed the EUR/USD as a potential short trade. On the chart I have stated this may possibly be a FLASH TRADE rather than a (LIMIT ORDER) RADAR TRADE. It all depends on the activity tonight through Monday. I do see a move lower with this pair, but it’s all about how and where to enter short in my opinion. Please bear with me.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/EURGBP-240M-RT280-05022015.png"><img class="aligncenter size-large wp-image-5266" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/EURGBP-240M-RT280-05022015-1024x450.png" alt="EURGBP 240M RT280 05022015" width="1024" height="450" /></a>
<p style="text-align: left;"><a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/USDCHF-120M-RT276-08022015.png"><img class="aligncenter size-large wp-image-5267" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/USDCHF-120M-RT276-08022015-1024x450.png" alt="USDCHF 120M RT276 08022015" width="1024" height="450" /></a></p>
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>STAIR STEPPING STOP PROTECTION (SSSP):</strong></span></p>
Since launching the premium service with three types of trades (FLASH, RADAR and FUNDAMENTAL), I have often been asked “What was my original position size and where did I consider it a good place to add to the original trade as it took traction”? This has been particularly relevant to FUNDAMENTAL TRADES. On a trade-by-trade basis I have spoken with several subscribers regarding where I am looking to add so that it is not a surprise when a tweet is sent. I have done some analysis in the background on how to make this information readily available every time I suggest a FUNDAMENTAL TRADE and I feel I now have something I can share with you. (It may still require a little tweaking so bear with me, I did promise some subscribers it would be ready by the end of January)

From today onwards all FUNDAMENTAL TRADES suggested via THE PREMIUM SERVICE EMAIL ALERTS will contain a second page detailing the SSSP and a few further details about the currency pair such as its ATR. The main focus however will be on the areas I am thinking where it is good to add and when I think it would be a good idea to protect profits by moving stops. By the way the SSSP is so called because if you were to chart when you add and when you protect your trade it looks like a staircase.

With regards to the existing FUNDAMENTAL TRADES, I want to look at the charts for each trade and add in where I think the trades should be added to and highlight where stop placements should be set to preserve $$$$ as the trade progresses.

Using the SSSP will hopefully help with POSITION SIZING as you can plot the total TRADE SIZE from day one and if you want to add in more trades than me the formulas will be there for you to adapt.

I want to review the existing 4 FUNDAMENTAL TRADES and get into more details of what I look at. If you think that this is overkill and too technical bear with me and I apologise in advance, but I need to get back to some basics on these trades: -

FUN105 GBP/CAD long
FUN107 GBP/AUD long
FUN108 GBP/NZD long (This was previously FT283)
FUN109 EUR/CHF long (This was previously FT286)

As always any charts I submit are wiped of a lot of the data I use in order to have them as clean, clear and having only relevant content displayed. If you ever want a more detailed version just ask.

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FUN105 – GBP/CAD:

The original chart posted as the trade was suggested is the first chart below.
You can see that as oil drove this pair lower we held the horizontal support of 1.8661 on the chart.
I suggested a stop below this at 1.8610.
The Monthly ATR of this pair is 700 pips.
This is a long-term trade so my present stop is NOT a full ATR.
The 61.8% retracement of 1.8496 is just above an ATR stop, which should be from a technical point at 1.8420 and not just below the horizontal support at 1.8610.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCAD-FUN105-08022015.png"><img class="aligncenter size-large wp-image-5270" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCAD-FUN105-08022015-1024x450.png" alt="GBPCAD FUN105 08022015" width="1024" height="450" /></a>

The chart below looks at where I think we should be adding to our positions as the trade takes shape.

This is a potentially big move that may or may not happen, but research still needs to be done.
I have highlighted 5 places to possibly add. I will be adding at these places.
From start to my goal this projected trade has over 1,600 in pips available to take profits from, you do not need to be greedy because currencies DO NOT move in a straight line and the volatility is much, much higher with the commodity cross-rate pairs.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCAD-FUN1052-MONTHLY-08022015.png"><img class="aligncenter size-large wp-image-5271" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPCAD-FUN1052-MONTHLY-08022015-1024x450.png" alt="GBPCAD FUN105(2) MONTHLY 08022015" width="1024" height="450" /></a>

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FUN107 – GBP/AUD:

The original chart posted when the trade was suggested is below.
This pair looks to be in a breakout move. It will of course be helped by the RBA rate cut and the more dovish stance taken.
Sticking to the “technical”.
The Monthly ATR of this pair is around 850 pips, which places the stop at 1.8710. This is considerably lower than 1.9150 that is being used currently. So there is capacity for a move lower with the stop loss.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPAUD-FUN107-MONTHLY-CHART-08022015.png"><img class="aligncenter size-large wp-image-5272" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPAUD-FUN107-MONTHLY-CHART-08022015-1024x450.png" alt="GBPAUD FUN107 MONTHLY CHART 08022015" width="1024" height="450" /></a>

The chart below shows the potential areas to add to additional positions to the trade.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPAUD-FUN107-MONTHLY-CHART2-08022015.png"><img class="aligncenter size-large wp-image-5273" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPAUD-FUN107-MONTHLY-CHART2-08022015-1024x450.png" alt="GBPAUD FUN107 MONTHLY CHART(2) 08022015" width="1024" height="450" /></a>

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<span style="line-height: 1.5;">This trade has a projected total 2,740 pips; potentially a big trade.</span>

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FUN108 (WAS FT283) – GBP/NZD:

This trade has great potential. The pip value should we see the move back to the 50% resistance level on the chart is 2,357 pips.
The monthly ATR with pair is a staggering 900 pips.
My original stop is about half that from the entry level of 2.0843.
Looking at places to add with this trade is a little difficult, as the move lower did not have many levels of support and therefore finding areas of resistance on the way back is quite difficult. It may well be that round numbers will play a part. In any event I believe that the big round number of 1.1000 needs to be passed in order for this trade to take traction higher.
The chart below shows areas of horizontal support and resistance where I am proposing to add to my initial trade.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPNZD-FUN108-MONTHLY-08022015.png"><img class="aligncenter size-large wp-image-5274" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPNZD-FUN108-MONTHLY-08022015-1024x450.png" alt="GBPNZD FUN108 MONTHLY 08022015" width="1024" height="450" /></a>

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FUN109 (WAS FT286) – EUR/CHF:

This trade is a speculative trade based upon SNB chatter about the desire to have the EUR/CHF around 1.1000. With the SNB free from “the peg” there are lots of rumours about intervention, this time to raise this pair to the 1.1000 level.
There is no chart to show as the fall after the PEG removal has given me no history to work from.

NOTE:
Remember position sizes with FUNDAMENTAL TRADES are much smaller than usual. It is only when we can add to positions that the fun begins. I am hoping that with the SSSP you will be able to load in all the future LIMIT ORDERS for these trades. All you have to do when the trades hopefully gain some traction is move your stops.

This is why I have a separate broker for FUNDAMENTAL trades. It keeps my categories separate and allows me to spread my cash RISK around a few different brokers.

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4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:

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

As you will see there are very pairs with trending data. This is another reason to verify the DXY move first.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRENDING-PAIRS-08022015.png"><img class="aligncenter size-full wp-image-5263" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/TRENDING-PAIRS-08022015.png" alt="TRENDING PAIRS 08022015" width="391" height="537" /></a>

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4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:
(This content is now for PREMIUM SERVICE subscribers only, it allows me to refer to existing and future set-ups that form part of the PREMIUM SERVICE subscription)

EUR/USD: Closing Price 1.1314. On Friday afternoon more Greek news hit the wires to sell off the equity markets lower. We stopped the week around 1.13000, which is a big level to break lower. From the chart below you can see that 1.1315 is a 50% retracement from the recent highs. I see support at 1.1250 to resistance at 1.1390.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/EURUSD-240M-08022015.png"><img class="aligncenter size-large wp-image-5269" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/EURUSD-240M-08022015-1024x450.png" alt="EURUSD 240M 08022015" width="1024" height="450" /></a>

GBP/USD: Closing Price 1.5237. I was all set to go long this pair as I was expecting weaker NFP data. The blow out numbers took the market a little by surprise. The pair for now is not front and centre for me. Support will be big at 1.5200 and resistance is at 1.5270. The chart below shows the details.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPUSD-240M-08022015.png"><img class="aligncenter size-large wp-image-5268" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/GBPUSD-240M-08022015-1024x450.png" alt="GBPUSD 240M 08022015" width="1024" height="450" /></a>

AUD/USD: Closing Price 0.7786. Despite the DXY breaking out last week, the AUD/USD did not fall as I thought it would have. I am still short a very small position and under water with the trade. I must admit as the DXY strengthened last week I expected this trade to be positive by the close of the weeks trading. We did however close the week below 0.7820, which is somewhat bearish. Looking ahead I see 0.7690 as support and 0.7900 as resistance.

NZD/USD: Closing Price 0.7339. This pair was a little more bearish than the Aussie, but still not as big a fall as I was expecting after NFP. 0.7310 offers limited support before 0.7250. Resistance should be good at 0.7450.

USD/CAD: Closing Price 1.2518. This pair is like a bloody yo-yo. I do not know whether I am coming or going with it. The price of oil is playing havoc with it and on Friday last week the Canadian Jobs data was good, but the U.S. results from NFP out-played the CAD data and drove the pair higher, thankfully, as I am still miraculously still long. Support is at 1.2350 and resistance after 1.2540 is 1.2600.

USD/CHF: Closing Price 0.9254. We are starting to see patterns and moves on the charts again. Many brokers have tightened up on trading CHF pairs, although there looks to be opportunities coming up. I am looking at 0.9180 offering some support and 0.9350 is the next resistance.

USD/JPY: Closing Price 119.12. The JPY should now in my opinion get directional. As soon as the DXY breakout is confirmed I think the JPY will weaken its way through to 121.80 and beyond. The only thing stopping me entering long at the moment is U.S. equities. The fact that in the past week U.S. equities had gone up and the USD/JPY failed to really move in tandem concerns me. Support is at 118.00 and the next resistance is at 120.00

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5. THE WEEK AHEAD: -
WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?

5.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:

If you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -

Go to my website: - www.weeklyfxdrivethru.com

On the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.

I do NOT sell your email data to anyone…do not worry.

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5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:

SUNDAY: AUD – RBA Governor Glenn Stevens speaks.

MONDAY: AUD – NAB Business Confidence.
MONDAY: CNY – CPi.

TUESDAY: AUD – Employment Data.

WEDNESDAY: GBP – BOE Inflation Report – BOE Governor Carney speaks.
WEDNESDAY: USD – Core Retail Sales.
WEDNESDAY: AUD – RBA Governor Glenn Stevens speaks again….

THURSDAY: N/A.

FRIDAY: N/A.

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5.3 FINAL THOUGHTS / CLOSING COMMENTS:

There is not as much news on the agenda this week as last week. This does not mean that there will not be much activity however. Beware of the Greeks!! I am expecting EUROZONE news to build up again now that German Finance Minister Schaeuble has made the front pages in the German newspapers telling the Greeks where to get off in relation to debt forgiveness amongst other things.

Whilst there will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.

Consistency = longevity in trading and that is a critical goal.
IT IS THE KEY MEASUREMENT

Before you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.

Take care.

Scott Pickering
The Pip Accumulator
Sunday February 8th 2015

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

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TRADING &amp; PERFORMANCES DISCLAIMER:

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