<p style="text-align: center;"><strong>THE PREMIUM SERVICE
</strong><strong>The Home of Single-Lot Trading
</strong><strong style="line-height: 1.5;">www.weeklyfxdrivethru.com</strong></p>
<strong>DATE: 19.04.2015
REFERENCE: #149
</strong><strong>BLOG: THE WEEKLY FX DRIVE THRU</strong>

&nbsp;
<ol>
	<li><strong> INTRODUCTION - MY OVERVIEW OF THE FOREX MARKET:</strong></li>
</ol>
<span style="text-decoration: underline;">LOOKING BACKWARDS, FORWARDS &amp; SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET:</span>

<span style="text-decoration: underline;">1.1 - LOOKING BACKWARDS:</span>

There were three news events last week that I want to mention.

<span style="text-decoration: underline;">ECB – RATE STATEMENT:</span>

In my opinion one of the most boring ECB Press Conferences in history, well, at lease since I started trading. The real excitement was the female protestor jumping onto the front desk covering Draghi in confetti.

In recent weeks EUROZONE data has been improving so Draghi had an easy ride for a change. He was bullish on the following points: -
<ul>
	<li>The cyclical recovery in the euro area has strengthened.</li>
	<li>The Asset Purchase program has been successful.</li>
	<li>The program is flexible and will run until September 2016, or until there is a sustained increase in inflation.</li>
	<li>The ECB has no difficulties in finding bonds to purchase.</li>
	<li>Any concerns about bond scarcity are “premature”.</li>
	<li>ECB exposure to GREECE is €110 billion (largest to any EUROZONE member).</li>
</ul>
From a trading perspective, I took nothing new from this statement at all. My FUNDAMENTAL views relating to the EUROZONE have not altered.

&nbsp;

<span style="text-decoration: underline;">BOC MEETING MINUTES:</span>

By comparison to the ECB meeting, Stephen Poloz, BOC Governor was quite HAWKISH in his comments. This sent the USD/CAD into a tailspin lower taking out support after support level. The fact that WTi was rallying at the same time further exacerbated the strength of the CAD and the entire cross rates fell as well.

The crosses have made modest recoveries since last Wednesday and look very oversold, but as the CAD currency appears to be treated like the MXN and NOK as a proxy for the OIL price, it is moves in Oil that seem to dictate the direction of the USD/CAD.

Moving forward, I think we treat the CAD as we have for the past few weeks. OIL up the CAD strengthens…OIL down the CAD weakens…

The entire CAD related pairs look great buys at these low levels. Check out the charts later (section 4.5), I am thinking of a couple of smaller position sized lower risk trades.

The one aspect about the Forex market is that there are always opportunities, but the risks have to be managed.

&nbsp;

<span style="text-decoration: underline;">CHINA GDP:</span>

China GDP printed at 7%.

A few years ago if this number were printed there would have been an almighty reaction and comments about the end of the world would have featured in the press. I was a little surprised that we did not get much of a follow through with the AUD and NZD currencies after this data release.

It is so strange now; news is reacted to and then just forgotten so quickly.

It has been such a long time since I have written we are either in a RISK OFF or RISK ON environment. The currency wars have really stopped all this. The “rock star” central bank presidents and governors have taken so much joy out of trading.

The CHINA data represents weakening in the “sweat room” of the world, and, people such as Mark Faber (Doom, Gloom and Boom report), actually believe the true China GDP figure is closer to 5%; who knows?

&nbsp;

<span style="text-decoration: underline;">GEOPOLITICAL EVENTS:</span>
<ol>
	<li><span style="text-decoration: underline;"> GREECE:</span></li>
</ol>
The GREECE situation is just not going to go away.

In my opinion, the negative comments about the Greek negotiations made by Wolfgang Schaeuble, the German Finance minister, acted only to fan the flames and frankly I believe the whole subject would be better served if he kept his “GOB” firmly closed. He may be Merkel’s mouthpiece, pit bull or assassin of hope, however, his comments and negativity are just draining on the whole subject. Frankly, he has reached the point when I no longer look to his comments for inspiration; it is now more of a case of what has that silly old bastard said now!!

I am writing about GREECE later and will revisit this again; I will NOT be able to stop my self for any repetition. I apologise in advance.

&nbsp;
<ol start="2">
	<li><span style="text-decoration: underline;"> OIL – YEMEN – IRAN:</span></li>
</ol>
No change it is now becoming a real humanitarian issue. It is a case of over there rather than over here and OIL is getting through, so no-one real has it high on their agendas.

This is just getting messier by the day. I cannot see an end game here in the short-term.

The IRAN nuclear issue has gone quiet again over the matter of trust. Nothing new with this one, no one trusts anyone. What a great world we live in.

From a trading perspective, OIL supplies are not threatened

&nbsp;

<span style="text-decoration: underline;">1.2 - LOOKING FORWARDS:</span>

<span style="text-decoration: underline;">MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:
</span>(There are many more news items related to the Forex Market than the ones listed below. These are the ones that interest me. You can go to <a href="http://www.forexfasctory.com">www.forexfactory.com</a> and <a href="http://www.tradingeconomics.com">www.tradingeconomics.com</a> for more comprehensive lists of all news events that are Forex related).
SUNDAY: NZD - CPi.
SUNDAY: CNY – HSBC Flash Manufacturing PMI

MONDAY: EUR – German &amp; French Manufacturing PMi.
MONDAY: AUD – Monetary Policy Meeting Minutes.

TUESDAY: EUR – German ZEW Economic Sentiment.
TUESDAY: AUD - CPi.

WEDNESDAY: N/A.

THURSDAY: N/A.

FRIDAY: N/A.

&nbsp;

<span style="text-decoration: underline;">MY THOUGHTS:</span>

From my interest viewpoint, it looks like a very light week on economic data.

I have a feeling however, that we will have a busy week with GREECE. So this will not be a time to do spring gardening, decorating etc.…

I may be able to move my trading to the terrace if the weather holds up but I am expecting some twists and turns and no doubt some irrational squeezes in the coming week just to piss me off!!

&nbsp;

<span style="text-decoration: underline;">CHINA:</span>

Be prepared for the possibility of strong sell-offs in equities in the coming week. It appears that the authorities in China are about to actively support “short-selling” of equities in a big way.

I wrote last week that over a million new trading accounts per month were being added to China brokerages and basically, all this means is that the new “players” buy, buy and buy some more.

It does appear that the bubble conscious authorities in China have suddenly realized the monster that has been created and now they are going to act by supporting “short-selling”.

Bear this in mind because no matter how much of a heads up we have this will affect currencies.

&nbsp;

<span style="text-decoration: underline;">1.3 - LOOKING SIDEWAYS (FOR GOOD MEASURE):
</span>

<span style="text-decoration: underline;">FOREX MARKET CONDITIONS:</span>

Dare I say it, but we had a 48-hour period of reasonable normality in the markets. Correlations came into sync and we were able to trade with relative confidence given that we had a backdrop of geopolitical tensions dotted here and there.

One factor that is resonating more and more with me is “King USD”. It is still the flight to safety when all things matter.

How the market treats the USD, pretty much dominates all things Forex. Let me elaborate a little.

The China GDP print at 7% was a devastating number in particular for the AUD and NZD, as expected they weakened across the board. However, within 36 hours the AUD/USD and NZD/USD were breaking new trend highs on the back of USD weakness.

As a FUNDAMENTAL trader first, then TECHNICAL, this is extremely difficult for me to initially deal with and my first reaction is caution in the sense of do not believe the move. The markets are what they are and there is very little logic at times, I suppose this is what makes the Forex market so interesting, but at the same time annoying to trade.

In 2014, I found myself trading less and being in trades longer. This year the markets are so “skittish” I am trading more for less income per trade.

I know that I am not alone in this and I am also advised from PREMIUM SERVICE subscribers, that as a result in 2015, trading conditions compared to 2014 showed that the swings in account balances have been greater than ever. Two or three good days are then followed by a bad day. This is something that I am trying my best to eradicate but unfortunately it very difficult.

&nbsp;

<span style="text-decoration: underline;">FOREX LIQUIDITY:
</span>(This short segment was in last week’s blog. It is so relevant to matters now I have left it in this week as well so that new readers can capture the content)

I read in the Financial Times last week that the Forex Market, which is now a USD$5.3 trillion a day on average marketplace, has a problem (Over the past few weeks I have been moaning about too many squeezes and weird market trading conditions).

It appears the mechanics of the market have been drawn into question. Is there a decline, or cyclical decline in Forex trading? I would say that it was noted recently that some of the banks who traded Forex were cutting back after taking some heavy losses.

Without doubt greater regulation in the banking industry is weeding out the “under the counter cheating” that took place and is becoming very quickly a trait of the past. I know for a fact that thousands of retail traders left after the SNB. Over leveraged accounts were wiped out.

Without doubt we see much larger volatile moves and if you are caught the wrong way it can be very painful.

To cover this volatility many of the banks have widened the spreads offered to their supporting brokers. This has resulted in many retail traders closing their accounts and no longer trading FOREX. Without doubt if banks lose money they will protect themselves and they will have a lower risk appetite. I think I wrote that in February this year daily volumes compared with January were lower by 16%. This is a significant number.

As if we do not have enough to consider, we now have a permanent liquidity fear if one of the major FX banks is absent from the market for a few moments…. just brilliant… just great.

Forex trading is an evolving market and is going through changes. All we can do is get the head down, look for high probability trades, set the best stops we can based on our RISK TOLERANCES and trade.

Like so many of you, I still find trading conditions quite difficult. I seem to be moving forwards and then backwards to move forwards again. It is very, very frustrating.

The PREMIUM SERVICE still moves forward in these sticky / changing conditions, so I am obviously delighted. It is much harder than last year but we still move forwards despite all that is thrown in our direction.

&nbsp;
<ol start="2">
	<li><strong><span style="text-decoration: underline;"> WHAT’S ON MY MIND: -
THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong><strong> </strong></li>
</ol>
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>GREECE – </strong><strong>JUST WAITING FOR THE FAT LADY TO SING!</strong></span></p>
Of late there has been so much written, and so much speculation in the media on this topic. Frankly when I wrote my article in the blog dated April 5<sup>th</sup> “Does Merkel Have The Balls To Risk A Contagion”, deep down I thought that when push comes to a shove that Germany would back down.

Recent comments from Merkel’s “Pit-bull”, Wolfgang Schaeuble (German Finance Minister), would indicate that the Germans are prepared for a GREXIT. Without doubt on May 1<sup>st</sup> and May 12<sup>th</sup> the Greek government has payments due to the IMF totaling €200 million and €763 million respectively and I just cannot see these payments being made given the current set of circumstances.

We therefore, will have a default on our hands.

What does this mean for GREECE and the EUROZONE?

For GREECE, it would be devastating. Already I have read about Greek importers having credit lines removed from suppliers who originate outside of GREECE. All imports have to be paid in full prior to shipment.

Earlier last week there was a leaked IMF document that showed that calculations on the Tax and Income effect from changes requested by the Trioka were incorrectly calculated. The relationship between changes in direct and indirect tax when added to a reduction in government spending and the effect that this would have on GDP were not calculated accurately. These Fiscal Multipliers that form the benchmark of a governments annual accounts were screwed and no matter what GREECE was able to do it would never be enough.

The alleged long-term solution was so drastic it set GREECE back instead of allowing a gradual move forward. A situation that would take effectively decades to fix was fixed at a stroke of a pen overnight…. or not as the case is.

I read only a few days ago in passing that even if GREECE had a GDP rate of 10% per annum for the next 5 years they would still be no better off and could not effectively manage.

What is the point of a bailout for a country that simply cannot pay at any price?

Greek debt totals about €323 billion. Of this total about €15 billion is held by Greek banks and a further €246 billion by the ECB and other EUROZONE banks.

Anyone who says that a Greek default would not really affect the EUROZONE and in fact the EUROZONE would be stronger without GREECE, needs to grab the concept of market uncertainty and contagion.

For the EUROZONE, the financial numbers will create market uncertainty and whilst they would be considered somewhat nominal, there would be a negative effect.

The bigger risk however is contagion. If a GREXIT occurs, every far right party and every anti-Europe, anti-Brussels party in the EUROZONE would be on RED alert. If GREECE can return to the Drachma we will go back to whatever….

This is the contagion risk that could break up the EUROZONE, as we know it today. It could happen. Very few people in the EUROZONE actually voted for the single-currency. There could be fireworks ahead.

So what happens next, if GREECE defaults? By the way, there is NO SUCH THING AS AN ORDERLY DEFAULT. You can be prepared but you will not know when it will happen. Here are some possible scenarios:
<ol>
	<li>The Athens government in Greece announces capital controls.</li>
	<li>GREECE issues basically IOU’s to pay for essential services.</li>
	<li>The Drachma is re-introduced and operates alongside the EUR until the EUR is totally withdrawn.</li>
	<li>There is huge confusion over the potential value of the Drachma versus the EUR and people are reluctant to hold the new currency. This creates a potential run on the banks probably across parts of Europe, in particular the periphery. In GREECE capital controls basically freeze accounts and only Drachmas can be withdrawn.</li>
	<li>Possible Capital Controls in other periphery countries banks as rumours of more potential exits of the EUROZONE hit the newswires and the populations around the EUROZONE see how GREECE coped, or didn’t with the transfer.</li>
	<li>Emergency ECB measures on movement of monies throughout the EUROZONE.</li>
	<li>Emergency ECB measures for EUROZONE state banks to hold monies overnight.</li>
	<li>ECB bank guarantees bank deposits throughout the EUROZONE.</li>
	<li>The EUR/USD is now sub-parity towards 0.9600.</li>
	<li>Huge uncertainty in GREECE as the Greek people protest riots in Athens.</li>
	<li>The blame game between Athens and the EUROGROUP reaches new levels over who didn't trust whom, causing political uncertainty in other EUROZONE countries. Stability is threatened.</li>
	<li>We have a contagion effect.</li>
</ol>
If there is an eleventh hour solution it will probably be yet another fudge by Merkel to buy time so that the EUROZONE central banks can offload a potential future Greek default situation into the ECB.

Personally, I think that the Greek government knows what they are going to do and are scheduling an emergency timetable to minimalize all the risks associated with a default.

I wrote a few weeks ago about trust within the relationships in the EUROZONE, not just the trust issues that are so apparent between GREECE and GERMANY but within the other relationships that exist. The EUROZONE is the name given to the countries within the EUROPEAN UNION that adopt the single currency. However the entire area of Europe with all partners is called the EUROPEAN UNION, this encompasses members who do not use the single currency such as the UK, Sweden, Norway and Denmark. The UNION stands out…”UNION my arse”, most issues inside EUROPE are so far away from a UNION status it re-defines the word.

I am amazed at the market complacency surrounding this and the EUR/USD trading above 1.0800, I just cannot fathom.

I cannot see a way out other than a GREXIT and the on-going contagion games will begin. Whilst you cannot attribute blame to GREECE for this mess the EUROGROUP and TRIOKA are equally at fault with setting financial goals, objectives and measures that the Greek economy could not support in anyway shape or form.

Now we have the “Pit-bull” (Schaeuble) acting out a modern Pontius Pilate routine in front of the world’s media. It is a bloody disgrace how GREECE got here, but my God what a UNION!!!

I await the Reuters feed soon with the news.

&nbsp;

&nbsp;
<ol start="3">
	<li><strong><span style="text-decoration: underline;"> THE PREMIUM SERVICE:
</span></strong></li>
</ol>
<strong><span style="text-decoration: underline;">SUMMARY OF PERFORMANCE:</span></strong>

<span style="text-decoration: underline;">3.1 – OVERVIEW and SUBSCRIPTION PRICING:</span>

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

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png"><img class="aligncenter size-full wp-image-5668" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PS-SUBSCRIPTION-COSTS-05042015.png" alt="PS SUBSCRIPTION COSTS 05042015" width="380" height="473" /></a>

COMING SOON - SILVER &amp; GOLD - PREMIUM SERVICE MEMBER STATUS:

Regular readers will be aware that during the past couple of months I have been upgrading speeds and revising content and deliverables within the PREMIUM SERVICE.

All of my subscribers were contacted for views about the potential changes and ideas moving forward. Many items have been addressed already, but, others require additional work “behind the scenes” to implement.

One of the suggestions was create a two-tier approach to the subscription of the PREMIUM SERVICE.

Basically this is what is proposed and on the table: -

&nbsp;

<span style="text-decoration: underline;">GOLD MEMBER STATUS:</span>
<ul>
	<li>100% access to the PREMIUM SERVICE website.</li>
	<li>A dedicated exclusive twitter feed for GOLD subscribers only @ThePremService.</li>
	<li>All trade set-ups communicated via Twitter and RADAR and FUNDAMENTAL trades additionally via email when possible.</li>
	<li>The WEEKLY FX DRIVE THRU (access to the full and complete version) delivered weekly via an emailed PDF, and, viewable on line inside the PREMIUM SERVICE secure section of <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a></li>
	<li>My thoughts and comments on market conditions via twitter.</li>
</ul>
Subscriptions costs remain as they are (see above).

&nbsp;

<span style="text-decoration: underline;">SILVER MEMBER STATUS:</span>
<ul>
	<li>A new dedicated exclusive twitter feed for SILVER subscribers only (TBA).</li>
	<li>Limited access to the PREMIUM SERVICE website (trade information only).</li>
	<li>The WEEKLY FX DRIVE THRU (the restricted version) delivered weekly via an emailed PDF and viewable online at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a></li>
</ul>
Subscription costs for SILVER members will be advised soon. I am hoping to launch this within the next two / three weeks

&nbsp;

<span style="text-decoration: underline;">3.2 - SUMMARY OF PERFORMANCE:</span>

(Only the excel spreadsheets will now be shown in this section. References to previous, present and future trades “LAST WEEK’s TRADING REVIEW” will now be provided solely for the benefit of PREMIUM SERVICE subscribers and has been moved into section 4).

<span style="text-decoration: underline;">3.2.1 – PREMIUM SERVICE – COST INCOME ANALYSIS:</span>

&nbsp;
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>EMANATING FROM TRADE SET-UPS - 2015 to date:</strong></span></p>
<p style="text-align: center;"><span style="text-decoration: underline;">MICRO LOT TRADER</span> - 258 trades cost to trade = $25.80
<strong>PROFIT</strong> from 258 trades = <strong><span style="text-decoration: underline;">$363.00</span></strong></p>
<p style="text-align: center;"><span style="text-decoration: underline;">MINI LOT TRADER</span> - 258 trades cost to trade = $258.00
<strong>PROFIT</strong> from 258 trades = <strong><span style="text-decoration: underline;">$3,630.00</span></strong></p>
<p style="text-align: center;"><span style="text-decoration: underline;">STANDARD LOT TRADER</span> - 258 trades cost to trade = $2,580.00
<strong>PROFIT</strong> from 258 trades = <strong><span style="text-decoration: underline;">$36,300.00</span></strong></p>
<p style="text-align: center;"><strong><span style="text-decoration: underline;">PLEASE NOTE:
</span><span style="color: #0000ff;">If this sort of risk/reward income opportunity interests you:</span></strong>
<strong><span style="color: #0000ff;">To join the PREMIUM SERVICE at the introductory level subscribe to the initial</span></strong>
<strong><span style="color: #0000ff;">4 week subscription and receive a 5<sup>th</sup> week FREE!!</span></strong>
<strong><span style="color: #0000ff;">See the PROMOTIONS tab on my landing page at</span></strong>
<strong><span style="color: #0000ff;">www.weeklyfxdrivrethru.com</span></strong></p>
&nbsp;

&nbsp;

<span style="text-decoration: underline;">3.2.2 - PREMIUM SERVICE - PROFIT/LOSS RATIOS:</span>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-19042015.png"><img class="aligncenter size-full wp-image-5771" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PROFIT-LOSS-RATIO-19042015.png" alt="PROFIT-LOSS RATIO 19042015" width="424" height="586" /></a>

&nbsp;

<span style="text-decoration: underline;">3.2.3 - PREMIUM SERVICE - RISK/REWARD ANALYSIS:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-19042015.png"><img class="aligncenter size-full wp-image-5772" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/RISK-REWARD-19042015.png" alt="RISK-REWARD 19042015" width="436" height="555" /></a>

&nbsp;

<span style="text-decoration: underline;">3.2.4 - PREMIUM SERVICE - OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-1-19042015.png"><img class="aligncenter size-full wp-image-5773" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/REM-SERV-PROFITS-1-19042015.png" alt="REM SERV PROFITS 1 19042015" width="461" height="435" /></a>

&nbsp;

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-19042015.png"><img class="aligncenter size-full wp-image-5774" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/04/PREM-SERV-PROFITS-2-19042015.png" alt="PREM SERV PROFITS 2 19042015" width="472" height="421" /></a>

&nbsp;

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

<span style="text-decoration: underline;">4.1 - EDUCATION:
</span>(The full list of all items and more from this section can be found in the PREMIUM SERVICE website in the Trade Essential area under the EDUCATION tab.

<span style="text-decoration: underline;">4.2 – THE PREMIUM SERVICE – TRADING REVIEW:</span>

<span style="text-decoration: underline;">4.3 - THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>

<span style="text-decoration: underline;">4.4 - THE PREMIUM SERVICE – EXISTING LIMIT ORDERS:</span>

<span style="text-decoration: underline;">4.5 - POTENTIAL TRADES - WHAT CHARTS AM I LOOKING AT?</span>

<span style="text-decoration: underline;">4.6 - MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>

<span style="text-decoration: underline;">4.7 - THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style="text-decoration: underline;">:
</span></strong>

&nbsp;
<ol start="5">
	<li><strong><span style="text-decoration: underline;"> THE CONCLUSION - MY FINAL THOUGHTS:</span></strong></li>
</ol>
<span style="text-decoration: underline;">5.1 - SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>

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

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

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

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

&nbsp;

<span style="text-decoration: underline;">5.2 –TRADING TIPS &amp; THOUGHTS FOR THE WEEK AHEAD:</span>

We have a lot of geopolitical news hanging around so we must trade with tighter stops.

GREECE is of major concern and any trades placed with EUR or CHF pairs should be monitored very closely. I would suggest that smaller position sizes and wider stops are used.

Oil and the continuing middle-east issues will keep the USD in check, as well Oil related currencies such as CAD, NOK and MXN.

We also have China data this week so that alerts us with regards to the AUD and NZD pairs.

The UK election places you on GBP alert.

Now, which pairs have I not mentioned!!!!

Ah ha…. the JPY - U.S. treasuries need to be watched so that brings in the USD/JPY.

So there you have it, all currency pairs have potential red lights - you can’t trade - take the week off!

Basically, we will trade. But we need to be aware of the factors around us that can affect pricing in an instant. Trade smaller with wider stops to cope with the volatility.

We will have opportunities to make $$$, we just have to be alert and careful.

As always, 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.
<p style="text-align: center;"><strong>Consistency = longevity in trading and that is a critical goal.
IT IS THE KEY MEASUREMENT</strong></p>
Before you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.

&nbsp;

Take care.

Scott Pickering
The Pip Accumulator
Sunday April 19th 2015

EMAIL / FOLLOW ME AT:
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Twitter: @pipaccumulator
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&nbsp;

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<span style="text-decoration: underline;">TRADING &amp; PERFORMANCES DISCLAIMER:</span>

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 do.