<p align="center"><b> </b></p>
<b><span style="text-decoration: underline;">1. INTRODUCTION:</span></b>

I do not mean to complain, or sound negative; but I am finding this market very challenging.

I “Tweeted” earlier in the week that the next blog would be about trade potentials, and set-ups, looking forward, and, those of you who are subscribers to the PREMIUM SERVICE, will have that version of the blog. The rest of you who subscribe to the WEEKLY FX DRIVE THRU blog will have a version with that section removed. That comes later.

Right now, I think that my emotions on what I think the market should be doing and what is in effect happening is affecting my whole approach to trading. I am having a lot more “What if’s” and “Yes but’s” at the back of my mind. I am trading purely off pullbacks on FLASH trades. Because the markets are at all-time highs, and very complacent about news/data events, the chances of false breakouts and false breakdowns are increased and my limit order entries on RADAR trades are mostly set at only the 38.2% and 61.7% Fibonacci levels, this creates less trades, which is probably not a bad thing. I think what I am trying to say is that I need to see a definitive move from these elevated equity positions to give me a direction, and I do not care which direction. In saying that, not just a one day move, but a confirmed move with chart technicals supporting it.

Despite my concerns, the PREMIUM SERVICE has turned a profit in the past week, and, from a personal perspective my best trade of the week was a “fat finger” entry on the EUR/USD long after the ECB Press Conference on a tiny pullback that I was trying to draw a line on and I entered the trade in error. This trade provided three profit opportunities and over 340 pips of profit emanating from the original position size. Although for the purposes of reporting on the PREMIUM SERVICE performance it shows as +86 pips.

However, my view which I have made public on several occasions, I feel is still valid. If you can keep your head above water right now, you are doing well. There will be many trading accounts failing and traders pulling out of trading because it’s too hard.

Looking at the past weeks major news items: -

The AUD/USD: - We had during the week a GDP release, RBA Interest Rate Statement, Retail Sales and a Stevens Press Conference. The AUD/USD did not give up and head towards 0.8000; instead the majority of the news was AUD positive. RBA Stevens, at the end of the week in his press release mentioned that the AUD was high, but never gave guidelines to levels that the RBA wanted to see or would feel happier with, so, the rally continued.

The EUROZONE: Nothing was done to ease and the EUR/USD grind higher increased in pace and it broke 1.3900. On the monthly chart, this is a breakout above the multi-year trend line (chart is later in blog). Draghi really emphasizes any good news and really plays down bad news. He has it perfect on how to play the press conferences. Once you realize this, and, understand that Angela Merkel is actually writing his press statement and leading him via an ear piece on his responses in the Q &amp; A section….you have the show in your measure.

Non-Farm Payrolls: Unbelievable, what a surprise - a beat. Very convenient timing….my God I am soooooooooo cynical now. Once again, every expert, political commentator, pundit….whatever you want to call them, got it wrong, the weather never impacted the numbers and all the bulls**t about numbers being collated during the week of the worst weather was crap. That is of course unless the numbers were fixed!
The reaction to this data….the market pauses / consolidates.

The one consistency, that I draw from these data releases is that fundamentally they were opposite, except the ECB, to what was believed to be the sentiment.

My take from this week’s news events is simple, trade small or stay in $$$. This is why I keep writing words and phrases like choppy, uncertainty, irrational, lack of momentum, divergence, lack of correlation, non-directional, head above water, difficult conditions, stay in $$$ and sidelined in tweets.

&nbsp;

<b><span style="text-decoration: underline;">2. TRADING SUMMARY:</span></b>
<p align="center"><b><span style="text-decoration: underline;">RADAR, FLASH and FUNDAMENTAL TRADES
</span></b><b><span style="text-decoration: underline;">MARCH 2014 and YEAR to date:</span></b></p>
<p style="text-align: center;">Below I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE.</p>
<p style="text-align: center;"><b><span style="text-decoration: underline;">RADAR TRADES – MARCH 2014:
</span></b><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
4 trades at $0.10 cents each = $0.40 risk for $12.90 loss.</p>
<p align="center">1 x MINI-LOT:
4 trades at $1.00 each = $4.00 risk for $129.00 loss.</p>
<p align="center">1 x STANDARD LOT:
4 trades at $10.00 each = $40.00 risk for $1,290.00.</p>
<p style="text-align: center;"><b><span style="text-decoration: underline;">FLASH TRADES – MARCH 2014:
</span></b><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
6 trades at $0.10 cents each = $0.60 cents risk for $18.60 profit.</p>
<p align="center">1 x MINI-LOT:
6 trades at $1.00 each = $6.00 risk for $186.00 profit.</p>
<p align="center">1 x STANDARD LOT:
6 trades at $10.00 each = $60.00 risk for $1,860.00 profit.</p>
<p align="center"><b><span style="text-decoration: underline;">
</span></b><b style="line-height: 1.5em;"><span style="text-decoration: underline;">FUNDAMENTAL TRADES – MARCH 2014:
</span></b><b style="line-height: 1.5em;"><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED FUNDAMENTAL TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
0 trades at $0.10 cents each = $0.00 cents risk for $0.00 profit</p>
<p align="center">1 x MINI-LOT:
0 trades at $1.00 each = $0.00 risk for $0.00 profit</p>
<p align="center">1 x STANDARD LOT:
0 trades at $10.00 each = $0.00 risk for $0.00 profit</p>
<p align="center"><b><span style="text-decoration: underline;"> </span></b></p>
<p align="center"><b><span style="text-decoration: underline;">COMBINED FLASH, RADAR AND FUNDAMENTAL TRADES PROFIT PERFORMANCE
</span></b><b><span style="text-decoration: underline;">MARCH 2014…SO FAR:</span></b></p>
<p align="center">TRADING MICRO-LOTS:
10 trades at $0.10 cents each = $1.00 risk for $5.70 profit.</p>
<p align="center">TRADING MINI-LOTS:
10 trades at $1.00 each = $100.00 risk for $57.00 profit.</p>
<p align="center">TRADING STANDARD LOTS:
10 trades at $10.00 each = $100.00 risk for $570.00 profit.</p>
<p align="center"><b><span style="text-decoration: underline;"> </span></b></p>
<p align="center"><b><span style="text-decoration: underline;">COMBINED FLASH, RADAR AND FUNDAMENTAL TRADES PROFIT PERFORMANCE
</span></b><b><span style="text-decoration: underline;">TOTAL 2014…SO FAR:</span></b></p>
<p align="center">TRADING MICRO-LOTS:
119 trades at $0.10 cents each = $11.90 risk for $184.00 profit.</p>
<p align="center">TRADING MINI-LOTS:
119 trades at $1.00 each = $119.00 risk for $1,840.00 profit.</p>
<p align="center">TRADING STANDARD LOTS:
119 trades at $10.00 each = $1,190.00 risk for $18,400.00 profit.</p>
The above examples are for illustration purposes only:

The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.

Just to provide more information so you understand where I am coming from with the risk / reward statements above. All of my trades are of different sizes and different size lot types. The above does not reflect the actual trading performance. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.

The above results simply display your profit or loss if you placed a single lot trade on all the set-ups suggested and did nothing else.

&nbsp;

<b><span style="text-decoration: underline;">3. THE FUNDAMENTAL TRADERS OVERVIEW:</span></b><b> </b>
<p align="center"><b>GOOD NEWS IS GOOD NEWS and BAD NEWS IS GOOD NEWS… COMPLACENT OR IRRATIONAL?…YOU CHOOSE</b><b style="line-height: 1.5em;"> </b></p>
The constant grind higher in equities on the back of good or bad data is frightening. The belief that the FED will just jump in and stop the monthly tapering if the economic data gets worse, I find quite disturbing. Basically, it appears that the markets believe that there is only one way for equities to move as it has a backstop; the FED.

I watched CNBC a couple of times this past week and I was horrified with some of the “experts” that were rolled out. These people, basically, can only see one way for the markets to move and have are no major concerns or issues, there are no fears and there is a belief that the FED will support the markets.

I know that there are plenty of traders getting short and getting crushed by the market as they are trying to pick tops. Contrarian trading is for a very select group of traders who are willing to take four or five losses on the run before that profitable trade happens. For most of us, even if our pockets are deep enough, our emotions couldn’t cope. For us we just have to sit it out or trade very small position sizes.<b> </b>

We all have opinions on the market and what happens from session to session, day to day.

Are the markets complacent?

In my opinion dead right they are.

The present moves are unsustainable and a correction should be happening.  However, we are not getting a pullback. Even with the Ukraine situation

Over a week ago the equity markets pulled back after Russian troops were deployed on Ukrainian soil. Monday this past week we were told that they were being pulled back to their barracks. The markets rallied hard on this news. Hello…..they still occupy the Crimea area of Ukraine as Vladimir Putin (Russian President) wants to ensure that the Black Sea deep water ports where the Russian fleets are based remain in Russian hands and no EUROZONE or American agreement with Ukraine threatens this.

I see this as a potential issue moving forward…..for equity markets in the world it is a “Fur coat and no knickers” press release that caused the markets to rally. The Ukrainian problem is by no means over.

Are the markets irrational?

In my opinion dead right they are.

My best description here is that I think I have seen better organized chickens running around farm-yards with their heads chopped off..it is scary.

However, the market it is what it is. In the name of sanity how can good news be good news and bad news be good news. This is what we are dealing with at the moment. So my claims of irrationality are probably well grounded.

We are in a one sided market at these elevated levels. Bulls are leading the way right now but a macro level news event could be the catalyst that drives the bears to pole position. The whipsaw event that happens when bears take control will be dramatic, given the fact we keep grinding higher. In addition, the markets reaction following Non-Farm Payroll was totally surprising and causes concern and twitchiness!

All the above said….How do we trade?

Obviously, in one sided stretched market conditions, averages on the charts and technical levels are challenging, they actually mean less and less the more the markets stretch. The reverses of stretched markets are nasty.

My conclusion is that the only sensible approach is to trade smaller positions with wider stops, or stay sidelined in cash.

In the TRADES ON MY RADAR section there are several trades that are listed with charts that hopefully give us an edge going forward, bearing in mind that we have a lot to deal with.

Take care…PLAN YOUR TRADES and TRADE YOUR PLAN

<b style="line-height: 1.5em;"><span style="text-decoration: underline;">
</span></b>

<b><span style="text-decoration: underline;">4. TRADER TOPICS:</span></b><b style="line-height: 1.5em;"><span style="text-decoration: underline;"> </span></b>
<p align="center"><b><span style="text-decoration: underline;">PLANNING YOUR TRADES</span></b></p>
Generally speaking when new traders start trading, they do not place too much thought into their trades. Most new traders will either just buy or sell a currency pair because they think that they see a trend developing or maybe they have placed a moving average on a chart,  and decide to enter a trade based on the view on their screen. Other times, there can just be no reason behind placing the trade, other than they just want to be trading something

I know this sounds crazy, but if the trade nets a small profit the new trader feels that trading is so simple anyone can do this and enter more trades based upon the same criteria. Naturally, the new trader expects all trades to be profitable ones. When a trade starts to move against the trader, the initial thoughts are most probably, I will sit in front of this machine until it breaks even and then I am getting out…breathing a huge sigh of relief if that happens.

After time, the trader who may have had a few profitable trades with a hap hazard approach then gets a negative trade and after a big loss on their broker account, reacts in ”revenge” by entering a large trading position in an attempt to recover the prior loss. That trade may also be a loss making trade that crushes their broker account, or if not that trade but one soon after….

Does this sound familiar?

The reasons that so many new traders “blow” their broker accounts is that they assume that trading is easy. They do not realize that emotion plays a huge part in trading psychology, in particular, when you are using real money rather than a “practice” account, and they have no TRADING PLAN.

As you probably know, it doesn’t take long to learn that trading isn’t easy. This is why using a TRADING PLAN is the main way to help with emotions and develop a consistency with trading. If you enter at random places and exit when you have a “gut” feeling to do so, you are probably in for a lot of pain.

Successful traders have a TRADING PLAN. These traders do the same thing every time, only very occasionally tweaking one aspect of their plan at a time. Trying to make wholesale changes at once makes it impossible to tell what is working and what is not.

Before placing a trade it is vital to identify your entry, stop and profit targets before entering the trade. If you try to determine your exits once in the trade, emotions have a tendency to skew your view of all the facts that is of course unless you have the ability to be a robot. If you know your exit (your risk) before you enter the trade it is harder for emotions to become involved. It is also a very major step in keeping you as a trader disciplined. It keeps you trading in line with your TRADING PLAN.

In my trading, blogs and tweets I often refer to the risk / reward ratio. This is something that I use all the time before entering a trade. I know the risk first. This is critical to be a successful trader. If you do not determine the risk / reward before placing a trade you are not adopting ACCOUNT MANAGEMENT.

A quick way to measure risk / reward is as follows: Simply divide the distance between the entry and the profit target by the distance between the entry and the stop. Everyone has a different concept of what is a “good” risk / reward ratio. A good guideline is around 1:1.5.

Once you have your entry and stop sorted out, next is your position size. Your position size should be the same percentage of your equity in each trade. Many traders will tell you that they risk between 1-3% on each trade, and they use the same position sizes every time. In other words all trades are weighted equally. The same capital is risked on a trade with a 30-pip stop as a trade with a 300-pip stop.

In order to determine your position size, multiply you're your total equity by your percentage risk per trade (1-3%), which is the amount of money that you should risk per trade (X). Next calculate the number of pips between your entry and the stop by the currency’s pip value (Y). Then divide X by Y and you should have the number of lots that you should trade. Once you get practice at this it is easy.
<p align="center"><b><span style="text-decoration: underline;">RISK EXAMPLE:</span></b></p>
<p align="center"><b>BROKER ACCOUNT BALANCE = $5,000.00</b></p>
<p align="center"><b>CURRENCY PAIR
EUR/USD</b></p>
<p align="center"><b>ENTRY LEVEL is 1.3750.</b></p>
<p align="center"><b>1% of risk = $5,000 x 1 /100 = $50 (X)</b></p>
<p align="center"><b>Fib level for STOP = 1.3775 plus wiggle room of 10 more pips = 1.3785 total of 35 pips</b></p>
<p align="center"><b>X divided by Y = 50/35 = position size 1.4 lots.
The above (1.4 lots) is the maximum position size based on 1% account risk.</b></p>
&nbsp;

Now, I trade with MICRO, MINI and STANDARD lots depending on the currency pair I am trading. To accommodate this variance, I adjust the values accordingly to ensure that my risk tolerances are not exceeded. I use different brokers for different trade styles, different position sizes and the brokers have different sizes of balances to reflect this. This is another layer of calculation, but when it’s done once or twice it becomes second nature.

By planning your trades out before you enter, you can trade on any time frame because you are risking the same amount for each trade. This will lead to much more consistent results.

&nbsp;

<b><span style="text-decoration: underline;">5. MY CURRENT LIVE TRADES:</span></b>
<p style="text-align: center;"><b><span style="text-decoration: underline;">FLASH TRADES:</span></b></p>
<p style="text-align: center;"> FT37
EUR/AUD
Long
Cost Average: 1.5419
Stop Loss: 1.4900
Limit / Target: 1.7400
My Position Size: 7.50%
Closing Weekly Position: 1.5295
<span style="line-height: 1.5em;">My present Profit/Loss position:  -124 pips</span></p>
<p style="text-align: center;"> FT48
EUR/CAD
Long
Cost Average: 1.5314
Stop Loss: 1.500
Limit / Target: 1.7500
My Position Size: 7.5%
Closing Weekly Position: 1.5384
<span style="line-height: 1.5em;">My present Profit/Loss position: +70 pips</span></p>
<p style="text-align: center;"> FT49
GBP/CAD
Long
Cost Average: 1.8532
Stop Loss: 1.8250
Limit / Target: 2.0240
My Position Size: 7.5%
Closing Weekly Position: 1.8529
<span style="line-height: 1.5em;">My present Profit/Loss position:  -3 pips</span></p>
<p style="text-align: center;"><b><span style="text-decoration: underline;">RADAR TRADES:</span></b></p>
<p style="text-align: center;">I have no LIVE RADAR trades at the moment.</p>
<p style="text-align: center;"><b><span style="text-decoration: underline;">
FUNDAMENTAL TRADES:</span></b></p>
<p style="text-align: center;">FUN13
EUR/NZD
Long
Cost Average: 1.6450
Stop Loss: 1.6000
Limit / Target: 1.9000
My Position Size: 7.5%
Closing Weekly Position: 1.6367
<span style="line-height: 1.5em;">My present Profit/Loss position:  -83 pips</span></p>
<p style="text-align: center;"> FUN14
GBP/NZD
Long
Cost Average: 1.9800
Stop Loss: 1.9300
Limit / Target: 2.2350
My Position Size: 7.5%
Closing Weekly Position: 1.9714
<span style="line-height: 1.5em;">My present Profit/Loss position: -236 pips</span></p>
&nbsp;

<b><span style="text-decoration: underline;">6. TRADES THAT ARE ON MY RADAR:</span></b>

Before I write anything.

Below is the monthly chart of the EUR/USD. Please bear this in mind with whatever you do in the coming sessions. We are in breakout territory. The USD is NOT dead and buried yet, but neither has it done a Lazarus and risen from the dead.

The movements in this pair will have a direct involvement in all currency pairs moving forward. I am not saying trade it, I am saying be aware of it.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/EURUSD-MONTHLY-08.03.2014.png"><img class="aligncenter size-large wp-image-3323" alt="EURUSD MONTHLY 08.03.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/EURUSD-MONTHLY-08.03.2014-1024x522.png" width="1024" height="522" /></a>

&nbsp;

There are several opportunities available next week. What usually happens following Non-Farm Payrolls is that on a Sunday/Monday the Asian and European sessions tend to follow on from what happened in the US session.

Looking at USD related currency pairs, I still think is risky, although there are opportunities to the long side with both the EUR/USD and GBP/USD.

The support levels after Non-Farm Payrolls with both pairs could offer long trade opportunities. They are not trades for me but here are the entry levels that should offer interest.

EUR/USD at 1.3850
GBP/USD at 1.6700

The AUD/USD and NZD/USD, I am certain will offer great opportunities and the fact that copper has had a big drop prior to and after Non-Farm Payroll gets me interested in these pairs. However, at this stage I would like to see the moves lower after NFP confirmed and “short-in” on pullbacks.

Pullback entries would be the way to enter these two currency pairs lower, let them test the breakdown points / previous resistance levels at the following levels:

AUD/USD short at 0.9120
NZD/USD short at 0.8510 (RBNZ Interest Rate Statement on Wednesday)

&nbsp;

<span style="text-decoration: underline;"><strong>USD/CAD:</strong></span>

Following Non-Farm payrolls, the reaction with the commodity currencies was to me a little surprising. Canadian unemployment news was a disaster and the response was a move of over +100 pips to the long side. The cross–rate Canadian currencies I am already long (EUR/CAD &amp; GBP/CAD), also these too had explosive upside moves of over +150 to +200 pips.

Given the bad CAD news I feel that there is a great follow through opportunity. The USD/CAD charts below shows the major levels to bear in mind.

The Monthly Chart below: this highlights the very important down sloping trend line that is supporting this currency at 1.0815.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/USDCAD-MONTHLY-08.03.2014.png"><img class="aligncenter size-large wp-image-3324" alt="USDCAD MONTHLY 08.03.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/USDCAD-MONTHLY-08.03.2014-1024x522.png" width="1024" height="522" /></a>

The 12-hour chart below highlights the levels to look out for.

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/USDCAD-12-HOUR-CHART-08.03.2014.png"><img class="aligncenter size-large wp-image-3325" alt="USDCAD 12 HOUR CHART 08.03.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/USDCAD-12-HOUR-CHART-08.03.2014-1024x522.png" width="1024" height="522" /></a>

I will be looking to enter this currency pair as follows: -
<p style="text-align: center;"><strong>USD/CAD</strong>
<strong>Long</strong>
<strong>Limit Order Entry at: 1.1040</strong>
<strong>Stop Loss: 1.0970</strong>
<strong>Limit / Target: 1.1230</strong></p>
&nbsp;

<span style="text-decoration: underline;"><strong>EUR/GBP:</strong></span>

With this pair I missed the initial trade but I think that I may be able to enter long on a re-test of the breakout point. This pair has eluded me on several occasions recently but I now think that there is quite a good trade in the making if everything falls into place.

Do not get into the trade like a bull in a china shop. I have decided on this trade to show a staggered in approach in detail below. This may help, it may not help you, but it does give you my thoughts when assessing the trade.

One guy whom I respect enormously in the forex markets is a master of this type of set up and I think I made about 5 pages of notes on these types of approaches. They come about every now and then but you need to have a market moving type of move in the mix as well to really maximize the move. The EUR/USD move is the determining factor with this trade set-up.

The EUR/GBP daily chart below shows the levels that interest me.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/EURGBP-MONTHLY-08.03.2014.png"><img class="aligncenter size-large wp-image-3326" alt="EURGBP MONTHLY 08.03.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/EURGBP-MONTHLY-08.03.2014-1024x522.png" width="1024" height="522" /></a>

Breakout point was 0.8268.

The trend line resistance runs through at about 0.8285.

My trade was to buy in in stages, subject to a confirmed breakout.

1. First position was at 0.8268. Very small limited risk in case the trade does not manufacture.
2. Assuming a break through the trend line is confirmed add to your position at 0.8308.
3. Add again at 0.8350.
<span style="line-height: 1.5em;">4. My target would be about 0.8500.</span>

Obviously, I am looking for a re-test of the breakout. It may not happen, in which case I will re-evaluate early next week. The bottom line is that there is a potential move

&nbsp;

<b><span style="text-decoration: underline;">7. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b>

<b>EUR/USD: Closing Price 1.3875.</b> The EUR/USD is still in breakout territory. The next few sessions should determine whether this pair is going higher or we topped at 1.3915.  I do not think that the USD is out of the woods yet, despite the weird market response to Non-Farm payrolls. The range is simple 1.3825 to 1.3915.

<b>GBP/USD: Closing Price 1.6711. </b>Not much of a change in price in the past week, which indicates to me consolidation of the past move. Should cable break through 1.6825 (NFP highs), I do think that 1.6875 will follow soon after and then possibly into the mid 1.70’s. But a lot of that potential move depends on the EUR/USD. Should the EUR/USD go higher that should bring the EUR/GBP with it and therefore the GBP/USD may not gather the momentum that one normally associates with this pair. Support is at 1.6640.<b> </b>

<b>AUD/USD: Closing Price 0.9070</b>. After a week of good data, the AUD/USD fell back after Non-Farm payrolls. Not certain that this drop will be confirmed over the coming sessions, so the levels that interest me are 0.8990 to 0.9120.

<b>NZD/USD: Closing Price 0.8464</b>. I have very similar thoughts to those for the AUD/USD. This pair has been really well supported this past week or so. We have the RBNZ interest Rate statement on Wednesday. I am staying clear of this pair until after RBNZ Governor “Wheeler the dealer” has strutted his stuff. The levels for me are 0.8430 to 0.8510.

<b>USD/CAD: Closing Price 1.1087.</b> The USD/CAD saw a bold move higher on Friday following very poor employment data.  Support should be good at 1.1040 and resistance at 1.1160 are the initial levels to look for.

<b>USD/CHF: Closing Price 0.8774</b>. I am just not interested in this pair until the EUR/USD makes its mind up. My favoured trade is long at 0.8600 or 0.8700 dependent on EUR/USD trading activity. Resistance to get this pair bullish lies at 0.8820.

<b>USD/JPY: Closing Price 103.25.  </b>Last week I thought that the USD/JPY was on the cusp of a breakdown. We broke higher towards the end of the week. I stopped trading the USD/JPY a while ago after three or four bad trades. I see the levels for those of you interested being 102.60 to 104.00.

&nbsp;

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

<b><span style="text-decoration: underline;">8. MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span></b>

SUNDAY: N/A.

MONDAY: N/A.

TUESDAY: GBP – Inflation report hearings.

WEDNESDAY: NZD – RBNZ Cash Rate and Press Conference.
WEDNESDAY: AUD – Employment Rates.

THURSDAY: N/A.

FRIDAY: N/A.<b></b>

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

<b><span style="text-decoration: underline;">9. FINAL THOUGHTS:</span></b>

This week should be an interesting week

The Ukraine is NOT finished yet and there are a couple of interesting high beta news events, plus we have Non-Farm Payrolls fallout to deal with.

I still think we will be in very difficult trading conditions as the ‘twitchiness’ in the market continues. I actually think that matters will intensify, as we are very stretched.

More subscribers joined in the past week, which is brilliant, but not everyone is interested in Twitter. I am still thinking of other methods but still not sure due to time pressures on getting information to you. Twitter is usually very fast. I will come back with my thoughts in a few weeks.

There will be no PREMIUM SERVICE or WEEKLY FX DRIVE-THRU blogs next week (Subscribers expiation dates will be extended by one week…this is done automatically you need do nothing).

My wife (who is Irish) and myself are off to Dublin for the St Patrick’s Day celebrations. There is little point telling you that I may blog, and those of you who have been to Ireland will understand why.

I will be tweeting up to Thursday morning and then possibly occasionally as I look at charts and read news when I am traveling. It will be back to normal Thursday 20<sup>th</sup> March and blogs will be resumed Saturday 22<sup>nd</sup> March 2014.

Trade carefully, exercise good and sound MONEY MANAGEMENT. Always trade using the guidelines set out inside your TRADING PLAN.

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Good luck and be careful with position sizes.

Scott Pickering
The Pip Accumulator
Saturday March 8th 2014

EMAIL / FOLLOW ME AT:
premiumservice@weeklyfxdrivethru.com
Twitter: @pipaccumulator
Twitter: @ThePremService
<span style="line-height: 1.5em;">Google+/scottpickering
</span><span style="line-height: 1.5em;">StockTwits; thepipaccumulator</span>

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