25.01.2014<b> </b><b style="line-height: 1.5em;"> </b>

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

Welcome to the very first PREMIUM SERVICE blog.

Over the coming weeks / months I hope to bring to these pages some great trade set-ups and some essential and valuable trading support information. I have loaded quite a lot of data onto the subscriber pages that I hope will fill a void if something is confusing. It is my intention to keep adding. My only problem is time. Please be patient, I have a lot of ideas and welcome ideas from my subscribers but it will take time for the PREMIUM SERVICE to evolve.

What in interesting trading week we have just seen. I could never have predicted the volatility. The Bank of Canada, China PMi and Eurozone PMi all had a part to play in the volatility. There were some mega moves, that I wouldn’t chase and frankly at the time I did not believe they were true moves.

Great money was made on big moves with the USD/CAD, EUR/CAD and GBP/CAD on Wednesday. NZD/CAD on Thursday/Friday and then on Friday BOE Carney spoke in London and GBP/CAD gave some profits back and EUR/CAD netted some profits to kind of hedge the cables losses.

Overall for me it was a very profitable week. If you took my suggested trades and mix in micro, mini and standard lot trading depending on the pairs traded (I will go into this in detail next week in this blog), you would be very happy I hope with your returns.

I notice that not very many of you have signed up for “Twitter” updates via @ThePremService. I list all my thoughts here as the week progresses as well as all the trade set-ups. Not all of my thoughts are repeated here in this blog. But, as promised I will post here a full and complete list each weekend of trade set-ups that interest me. I would also add however, I do not chase the market; I will not trade for the sake of trading. I trade only to make money and I manage my risk, very, very tightly. Therefore sometimes there may NOT be many set-ups listed.

Please bear this in mind. The market is what it is. If I do not like what I see I do NOT trade. I am conservative and cautious with my approach.

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<b><span style="text-decoration: underline;">2. RADAR, FLASH and FUNDAMENTAL TRADES -TRADING SUMMARY:</span></b>
<p align="center"><b><span style="text-decoration: underline;">JANUARY 2014 and YEAR to date:</span></b></p>
Below I show the up to date excel spreadsheets for my various trading styles, which I shall explain in more detail later in this blog.<span style="line-height: 1.5em;"> </span>
<p align="center"><a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-25.01.2014.png"><img class="aligncenter size-full wp-image-3144" alt="RADAR TRADES 1 25.01.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-1-25.01.2014.png" width="536" height="469" /></a><b></b></p>
<p align="center"></p>
<p align="center"><a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-25.01.2014.png"><img class="aligncenter size-full wp-image-3145" alt="RADAR TRADES 2 25.01.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/RADAR-TRADES-2-25.01.2014.png" width="526" height="471" /></a></p>
<p align="center"></p>
<p align="center"><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED RADAR TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
18 trades at $0.10 cents each = $1.80 cents risk for a $2.80 loss.</p>
<p align="center">
1 x MINI-LOT:
18 trades at $1.00 each = $18.00 risk for a $28.00 loss.</p>
<p align="center">
1 x STANDARD LOT:
18 trades at $10.00 each = $180.00 risk for a $280.00 loss.</p>
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<p style="text-align: center;"><a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-25.01.2014.png"><img class="aligncenter size-full wp-image-3146" alt="FLASH TRADES 25.01.2014" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FLASH-TRADES-25.01.2014.png" width="494" height="486" /></a></p>
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<p align="center"><b><span style="text-decoration: underline;">PROFITS FROM SINGLE LOT COMPLETED FLASH TRADES:</span></b></p>
<p align="center">1 x MICRO-LOT:
17 trades at $0.10 cents each = $1.70 cents risk for a $60.10 reward.

1 x MINI-LOT:
17 trades at $1.00 each = $17.00 risk for a $601.00 reward.

1 x STANDARD LOT:
17 trades at $10.00 each = $170.00 risk for a $6,010.00 reward.</p>
<p align="center"></p>
<p align="center"><b><span style="text-decoration: underline;">COMBINED FLASH AND RADAR TRADES PROFIT PERFORMANCE</span></b></p>
<p align="center"><b><span style="text-decoration: underline;">JANUARY 2014…SO FAR:</span></b></p>
<p align="center">(There are no FUNDAMENTAL TRADES at the present time)</p>
<p align="center">
TRADING MICRO-LOTS:
35 trades at $0.10 cents each = $3.50 risk for a $57.30 reward.</p>
<p align="center">
TRADING MINI-LOTS:
35 trades at $1.00 each = $35.00 risk for a $573.00 reward.</p>
<p align="center">
TRADING STANDARD LOTS:
35 trades at $10.00 each = $350.00 risk for a $5,730.00 reward.</p>
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 remember, trades are of different sizes, added to, profits are taken along the way the cost average moves and all trades are of different lot styles. I trade, micro lots, mini lots and standard lots across my brokers.

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<b><span style="text-decoration: underline;">3. THE FUNDAMENTAL TRADERS OVERVIEW:</span></b>

This is the brief overview of how I arrived at how I trade the way I do:

If you have been following me on Twitter or by subscription to the free WEEKLY FX DRIVE-THRU blog over the past two years, you should be in no doubt that I am a fundamental trader first and then a technical trader to confirm my views to enter a trade in a certain direction.

It is true to say that over the past 6-8 months at least, due purely by the way the market has been behaving my trading style has adapted to work with the changes.

It is certainly true to say, in my opinion, that to trade longer-term you need nerves of steel and testicles to match.

My RADAR trades are basically based off support and resistance, whilst these levels and the Fibonacci indicators together with pivots work, momentum and directional trading is hard. Just look at the profits that I am making from trading. FLASH trades are certainly this month more successful than the RADAR trades.

I still make from RADAR trades because I am trading multi lot positions and types of lots vary, but it is very fair to say Intra-day trading is easier. I just do not like it as much, but to be successful trader you have to be flexible with your approach and style.

I still read umpteen reports, watch as much news as possible on the internet and TV to give me background information for trades, but predominantly I still consider myself fundamental although most trades are intra-day.

My daily routine is: to check the “Holy Trinity” before looking at news, the financial pages and other blogs that I follow, or that I am interested in. Even though I have blogged very recently about “THE GREAT MARKET DIS-CONNECT” the first things I check are: GOLD, OIL and COPPER.

I trade the USD most of the time in one way or another “The Holy Trinity” is checked and then I look at my two lead indicating currency pairs AUD and CAD.

Then I check market momentum, the U.S.10 year note, the USD majors to look for broad base USD strength or weakness.

Finally I look to monthly, weekly and daily charts of my leading indicators to ascertain market direction.
<p style="text-align: left;">My daily routine / checklist:-</p>

<ol style="text-align: center;">
	<li style="text-align: left;">The Holy Trinity – GOLD, OIL and COPPER (USD, AUD, NZD, CAD and CHF influences).</li>
	<li style="text-align: left;">Scan news wires / Bloomberg / Yahoo finance / CNBC / broker headlines.</li>
	<li style="text-align: left;">AUD and CAD  (USD influence and S&amp;P).</li>
	<li style="text-align: left;">The 10 Year Note (JPY and CHF influences).</li>
	<li style="text-align: left;">USD majors via pressure charts for direction. (USD majors influence).</li>
	<li style="text-align: left;">Quick glance at Monthly, Weekly and Daily charts of USD majors (USD majors influence).</li>
</ol>
In the coming weeks I will refer in this section to how I interpret the news articles that interest me. Initially I thought that a very brief overview would be of use to understand my methods and thoughts process

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<b><span style="text-decoration: underline;">4. TRADER TOPICS:</span></b>

I use three different types of trading styles. These are referred to in Twitter posts and will be used in these blogs and you would have seen these styles listed inside the subscriber section as well.

<i>PLEASE NOTE: Before I post any entries I know my risk and I have my exit level in mind. I may allow some tolerance but risk comes first in ALL trades for me.</i>

<b>FLASH TRADES:</b> - are intra-day trades that I take on the “Pullback Strategy”, these tend to be more scalping trades but they can evolve into swing trade set-ups.

<b>RADAR TRADES:</b> - are based on areas of support and resistance. This is where in my opinion we are at points of interest when buying and selling pressures converge and increase and I believe that buyers or sellers will be more active to move the currency pair more often than not in the opposite direction (that they have been trending). I use Fibonacci levels and Pivots to help me calculate the best entry and exit levels.

<b>FUNDAMENTAL TRADES: </b>-<b> </b>this is a new trading style for me. These will be my ultra long trades. Tiny positions to start with and I want to be able to let these run for months hopefully. Stops will be in line with monthly ATR’s and basically I am looking for trades that are on “an unwind” or “bouncing off a generational level of support or resistance”. I have two trades in mind and I am hoping to take these trades over the coming week or so.

In the coming weeks, I have been asked to review the following in this section: -
<ul>
	<li>TRADE PLANS.</li>
	<li>HOW MANY BROKERS SHOULD YOU HAVE?</li>
	<li>WHAT TRADES TO TAKE WITH WHAT BROKERS.</li>
</ul>
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<b><span style="text-decoration: underline;">5. MY CURRENT LIVE TRADES:</span></b>

I have no live FLASH, RADAR or FUNDAMENTAL trades in play at the moment.
<p align="center"></p>
<b><span style="text-decoration: underline;">6. TRADES THAT ARE ON MY RADAR:</span></b>

The following RADAR trades are on my mind at the moment. The market is over-stretched at present and levels are at extremes. So my suggested entry levels  will require good pullbacks for these to trigger.

They are listed below and I will NOT add these to my various brokers until Sunday evening after the open. I will tweet once I have added them into my brokers. If there is major news over the weekend I will tweet what I am doing regarding these set-ups.
<p style="text-align: center;">  <strong>USD/CAD
Long
Entry Level: 1.0950
Stop Loss: 1.0800
Limit / Target: 1.1250</strong></p>

<h4 align="center"> EUR/CAD
Long
Entry Level: 1.5100
Stop Loss: 1.4980
Limit / Target; 1.5700</h4>
<h4 align="center"> GBP/CAD
Long
Entry Level: 1.7980
Stop Loss: 1.7800
Limit / Target: 1.8750</h4>
<h4 align="center"> USD/JPY
Short
Entry Level: 102.75
Stop Loss: 103.40
Limit / Target: 99.80</h4>
<h4 style="text-align: center;"> AUD/USD
Short
Entry Level: 0.8750
Stop Loss: 0.8840
Limit / Target: 0.8000</h4>
<h4 align="center"> AUD/NZD
Short
Entry Level: 1.0750
Stop Loss: 1.0900
Limit / Target: 1.0425</h4>
<p align="center">I am looking at the following trades as potential FUNDAMENTAL TRADES. These pairs are un-winding. There are thousands of potential pips available. I still want the correct entry levels. I want to see another few days of action and have the next FED meeting out of the way before entering.</p>
<p align="center"><strong> EUR/AUD
Long
Entry Level: 1.5600
Stop Loss: 1.5460
Limit / Target: 1.7500</strong></p>
<p align="center"><strong> GBP/AUD
Long
Entry Level: 1.8700
Stop Loss: 1. 8520
Limit / Target: 2.2200</strong></p>
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<b><span style="text-decoration: underline;">7. LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</span></b><b> </b>

<b>EUR/USD: Closing Price 1.3674.</b>  We ended the week close to previous resistance now current support at 1.3670. A break below here sets us back up for another run at 1.3550. Draghi speaking in Davos on Friday spoke about the Eurozone improvements in the past 12 months. Yeah right…go tell that to record millions in unemployment lines. There is another Eurozone crisis on the horizon.  If Merkel and Draghi just got their heads out of their butts they would see the massive dis-connect in the single currency area. If 1.3670 holds we may see 1.3750 again. But remember the FOMC and tapering on Wednesday.

<b>GBP/USD: Closing Price 1.6475.   </b>Carney showed his true colours on the state of the UK economy. Previous goal posts now removed and new rules are being set. No more forward guidance, back to the “Merve the Swerve” approach (Mervyn King, Carney’s predecessor at the BOE. The cable was demolished on Friday morning on the back of his comments. I lost money on the GBP/CAD at the same time…so bloody annoying. The range is 1.6460 to 1.6550.

<b>AUD/USD: Closing Price 0.8679</b>.  About 100 pips lower in the week. It will not stop here. RBA Stevens sees 0.8500 as about right. Other RBA quotes are seeking 0.8000. An IMF report (I think, but not 100% certain) sees fair value at 0.6500. Dream on…that's a trade. I would call that an ARMAGEDDON TRADE. The range is 0.8650 to 0.8750.

<b>NZD/USD: Closing Price 0.8212</b>.  This pair has little lower in the past week but given the volatility in the markets at the end of the day it represents not too much of a move. The AUD/NZD cross-rate is playing havoc with the AUD and the NZD.  Support at 0.8200 is critical now and resistance is till good at 0.8340.

<b>USD/CAD: Closing Price 1.1086.  </b>We are still in breakout territory and I want to buy this pair again. Just not at these elevated levels, but pullbacks did not come back far enough for me, too picky I know. 1.1000 offers great support and resistance is good at 1.1125.

<b>USD/CHF: Closing Price 0.8936</b>.  We closed yesterday on key lows around 0.8930. If this support gives way I can see 0.8850 once again. On the upside 0.9040 needs to be taken to set this pair bullish once again.

<b>USD/JPY: Closing Price 102.32. </b> For this pair we saw a 200-pip drop in the week. Quite a move, and I think that there is further downside in the pair. As I said last week there are calls for 98.00. The range at the moment that I see is pretty straightforward with possibly more downside pressure in the pair in Asia on Sunday night at next week’s open. The range is 102.00 to 102.80.

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

SUNDAY: N/A

MONDAY: N/A.

TUESDAY: N/A

WEDNESDAY: GBP – BOE Carney speaks.
WEDNESDAY: USD – FOMC Statement.
WEDNESDAY: NZD – Cash Rate and RBNZ Rate Statement.

THURSDAY: NZD – RBNZ Wheeler speaks.
THURSDAY: AUD - PPi

FRIDAY: CAD – GDP.

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

I am expecting fireworks on Wednesday this week but for the rest of the week I am not expecting massive volatility. Having said that get ready for volatility!

I have listed many potential trades in this blog. Let me confirm, I have not placed these limit orders with my brokers yet. Wait for twitter for confirmation if you are following these suggestions. If you are not yet signed up for Twitter, pleased give it serious consideration.

I am expecting consolidation early next week. We have stretched the boundaries a little with some currencies and we need to work off oversold / over-bought conditions. But remember that the “FOMC fear”, may not allow consolidation and the thoughts of more tapering may keep volatile conditions in play.

Always, always remember. There is market everyday. You do not need to trade everyday to make your financial goals. Over the coming weeks I will visit as many topics on trading tips as possible to hopefully help and aid better trading success.

Good luck and trade within your TRADE PLAN guidelines and most importantly use MONEY MANGEMENT SKILLS to control your risks.

Scott Pickering
The Pip Accumulator
Saturday January 25<sup>th</sup> 2014
<span style="line-height: 1.5em;">
EMAIL / FOLLOW ME AT:
premiumservice@weeklyfxdrivethru.com
Twitter: @pipaccumulator
Twitter: @ThePremService
</span><span style="line-height: 1.5em;">Google+/scottpickering
</span><span style="line-height: 1.5em;">StockTwits; thepipaccumulator</span>

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