(4215,1,'2014-08-25 07:09:15','2014-08-25 12:09:15','On September 2nd THE WEEKLY FX DRIVE THRU, THE PREMIUM SERVICE, DAILY FX POST and both of my TWITTER accounts fire up once again after the summer break.\r\n\r\nThe article below was posted on August 2nd, after it\'s posting, I received several emails asking me to remind people when would it be the deadline to open up a separate broker account to trade the PREMIUM SERVICE and also SET-UP a subscription.\r\n\r\nAs we are just over a week away from starting once again to have both the broker and subscription in place ready for the off,  to start the process now, would ensure that both pieces would be in place.\r\n\r\nWith regards to the broker, if you would like the MARKETING BONUS approach as described below you must click on the BLACKWELL GLOBAL banner on the welcome page of THE WEEKLY FX DRIVE THRU to qualify. The alternative is FXCM, but there are NO bonuses associated with this broker but the rate spreads available are marginally better. It is your choice, you decide. If you require more information just contact me by email.\r\n\r\nSee you on September 2nd with hopefully the PREMIUM SERVICE, if not via @pipaccumulator on twitter and at weekends through THE WEEKLY FX DRIVE THRU.\r\n<p style=\"text-align: center;\"></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>A COMPREHENSIVE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> REVIEW</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> OF THE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> PREMIUM SERVICE PERFORMANCE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> YEAR TO DATE 31st July 2014</strong></span></p>\r\n<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nThere is no WEEKLY FX DRIVE THRU blog this week; the resumption will take place September 6th 2014.\r\n\r\nBeing that it is a month end, I thought it correct that I should post the year to date PREMIUM SERVICE performance.\r\n\r\nBelow I publish all the spreadsheets related to July’s performance and the year to date positions. These are only usually available to subscribers, but I thought today it would helpful to readers considering joining the PREMIUM SERVICE.\r\n<ol>\r\n	<li>RADAR TRADES – July performance.</li>\r\n	<li>FLASH TRADES – July performance.</li>\r\n	<li>FUNDAMENTAL TRADES – July performance. You will notice in July from 35 trades in total only 2 were loss making trades. That is the best monthly performance this year so far. I am very happy.</li>\r\n	<li>RADAR TRADES – year to date performance.</li>\r\n	<li>FLASH TRADES – year to date performance.</li>\r\n	<li>FUNDAMENTAL TRADES – year to date performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – July performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – year to date performance.</li>\r\n	<li>PREMIUM SERVICE as at 31st July 2014 – Net $$$ profits performance based upon an annual subscription to the PREMIUM SERVICE and separate broker account with one of my preferred brokers with an opening marketing bonus.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE - TRADING SUMMARY:</strong></span>\r\n<p style=\"text-align: center;\"><strong>RADAR, FLASH and FUNDAMENTAL TRADES</strong>\r\n<strong> JULY 2014 and YEAR to date:</strong></p>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering July 2014 and the year 2014 to date.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\"><img class=\"aligncenter size-full wp-image-4173\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\" alt=\"RADAR1 31072014\" width=\"536\" height=\"469\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\"><img class=\"aligncenter size-full wp-image-4174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\" alt=\"RADAR2 31072014\" width=\"536\" height=\"474\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\"><img class=\"aligncenter size-full wp-image-4175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\" alt=\"FLASH1 31072014\" width=\"487\" height=\"482\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\"><img class=\"aligncenter size-full wp-image-4176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\" alt=\"FLASH2 31072014\" width=\"487\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – July performance.</strong></span>\r\n\r\n</p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\"><img class=\"aligncenter size-full wp-image-4177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\" alt=\"FUNDAMENTAL 31072014\" width=\"483\" height=\"508\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4178\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\" alt=\"RADAR YTDJULY\" width=\"346\" height=\"360\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4179\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\" alt=\"FLASH YTDJULY\" width=\"338\" height=\"358\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\"><img class=\"aligncenter size-full wp-image-4180\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\" alt=\"FUNDAMENTAL YTD JULY31\" width=\"343\" height=\"355\" /></a>\r\n<p style=\"text-align: center;\"></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\"><img class=\"aligncenter size-full wp-image-4171\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\" alt=\"PREM SERV PROFITS1 31072014\" width=\"446\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\"><img class=\"aligncenter size-full wp-image-4172\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\" alt=\"PREM SERV PROFITS2 31072014\" width=\"457\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. FINAL THOUGHTS:</strong></span>\r\n\r\nBelow is my favourite excel spreadsheet chart.\r\n\r\nThis shows the net profit position had you joined the PREMIUM SERVICE in January this year and opened a separate broker account with one of my preferred brokers, which entitles you to a one-off “MARKETING BONUS” upon acceptance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\"><img class=\"aligncenter size-full wp-image-4183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\" alt=\"PREM SERV NET PROFIT CALCS  AS AT 31072014\" width=\"533\" height=\"567\" /></a>\r\n\r\n&nbsp;\r\n\r\nFor new readers, if you want more details about the PREMIUM SERVICE 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\nIf you were thinking about subscribing to the PREMIUM SERVICE but were waiting for the summer lower volume trading doldrums to pass, you could do the following over the next two / three weeks and be set for September 1st when I start up 100% again with daily and weekly blogs and tweets etc.:\r\n\r\nIf you wanted to keep PREMIUM SERVICE trades separate from your own trades you could set up an additional Broker account with BLACKWELL GLOBAL (but you must “click on” the banner on the welcome page of the WEEKLY FX DRIVE THRU, this enables me to apply a marketing bonus of 30% on all balances above US$1,000 (maximum $3,000) to your account once opened. (My blog dated 30th June 2014 – “Why Subscribing to the PREMIUM SERVICE is a good idea” willprovideadditional information)and / or\r\nIf you pay now for your subscription to the PREMIUM SERVICE membership weeks which will not start counting until 6th September.\r\nSo if you wanted you could be all set with a separate broker and subscription ready for the September start again.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>The PREMIUM SERVICE as mentioned a coupe of weeks ago, is going out on the road to attract additional subscribers. In a previous life I was a “Sales Trainer” amongst other things and this is one area that I loved. I see this as a great fit with my longer–term aspirations for the subscriber service.</strong></p>\r\n<p style=\"text-align: center;\"><strong>In September, I will be starting with a series of presentations in Montreal, Canada as follows: -</strong></p>\r\n<p style=\"text-align: center;\"><strong>DATES: Saturday 13th and Sunday 14th September 2014.</strong></p>\r\n<p style=\"text-align: center;\"><strong>VENUE: Hampton Inn and Suites.</strong></p>\r\n<p style=\"text-align: center;\"><strong>ADDRESS: 1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.</strong>\r\n<strong> TIMES: Saturday - 11.30AM, 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Sunday - 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Seating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a front seat reservation.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and have friends that are interested in Forex come along with them, it costs nothing to listen!</strong></p>\r\n<p style=\"text-align: center;\"></p>\r\nTake care and good luck in the interim, see you in September.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMonday August 25th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','A PREMIUM SERVICE REMINDER FOR THE SEPTEMBER 2nd RE-START','','inherit','open','closed','','4213-revision-v1','','','2014-08-25 07:09:15','2014-08-25 12:09:15','',4213,'https://weeklyfxdrivethru.com/4213-revision-v1/',0,'revision','',0),(4218,1,'2014-08-25 07:27:03','2014-08-25 12:27:03','On September 2nd THE WEEKLY FX DRIVE THRU, THE PREMIUM SERVICE, DAILY FX POST and both of my TWITTER accounts fire up once again after the summer break.\r\n\r\nThe article below was posted on August 2nd, after it\'s posting, I received several emails asking me to remind people when would it be the deadline to open up a separate broker account to trade the PREMIUM SERVICE and also SET-UP a subscription.\r\n\r\nAs we are just over a week away from starting once again to have both the broker and subscription in place ready for the off,  to start the process now, would ensure that both pieces would be in place.\r\n\r\nWith regards to the broker, if you would like the MARKETING BONUS approach as described below you must click on the BLACKWELL GLOBAL banner on the welcome page of THE WEEKLY FX DRIVE THRU to qualify. The alternative is FXCM, but there are NO bonuses associated with this broker but the rate spreads available are marginally better. It is your choice, you decide. If you require more information just contact me by email.\r\n\r\nSee you on September 2nd with hopefully the PREMIUM SERVICE, if not via @pipaccumulator on twitter and at weekends through THE WEEKLY FX DRIVE THRU.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>A COMPREHENSIVE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> REVIEW</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> OF THE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> PREMIUM SERVICE PERFORMANCE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> YEAR TO DATE 31st July 2014</strong></span></p>\r\n<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nThere is no WEEKLY FX DRIVE THRU blog this week; the resumption will take place September 6th 2014.\r\n\r\nBeing that it is a month end, I thought it correct that I should post the year to date PREMIUM SERVICE performance.\r\n\r\nBelow I publish all the spreadsheets related to July’s performance and the year to date positions. These are only usually available to subscribers, but I thought today it would helpful to readers considering joining the PREMIUM SERVICE.\r\n<ol>\r\n	<li>RADAR TRADES – July performance.</li>\r\n	<li>FLASH TRADES – July performance.</li>\r\n	<li>FUNDAMENTAL TRADES – July performance. You will notice in July from 35 trades in total only 2 were loss making trades. That is the best monthly performance this year so far. I am very happy.</li>\r\n	<li>RADAR TRADES – year to date performance.</li>\r\n	<li>FLASH TRADES – year to date performance.</li>\r\n	<li>FUNDAMENTAL TRADES – year to date performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – July performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – year to date performance.</li>\r\n	<li>PREMIUM SERVICE as at 31st July 2014 – Net $$$ profits performance based upon an annual subscription to the PREMIUM SERVICE and separate broker account with one of my preferred brokers with an opening marketing bonus.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE - TRADING SUMMARY:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR, FLASH and FUNDAMENTAL TRADES</strong></span>\r\n<span style=\"text-decoration: underline;\"> <strong> JULY 2014 and YEAR to date:</strong></span></p>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering July 2014 and the year 2014 to date.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\"><img class=\"aligncenter size-full wp-image-4173\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\" alt=\"RADAR1 31072014\" width=\"536\" height=\"469\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\"><img class=\"aligncenter size-full wp-image-4174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\" alt=\"RADAR2 31072014\" width=\"536\" height=\"474\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\"><img class=\"aligncenter size-full wp-image-4175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\" alt=\"FLASH1 31072014\" width=\"487\" height=\"482\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\"><img class=\"aligncenter size-full wp-image-4176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\" alt=\"FLASH2 31072014\" width=\"487\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\"><img class=\"aligncenter size-full wp-image-4177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\" alt=\"FUNDAMENTAL 31072014\" width=\"483\" height=\"508\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4178\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\" alt=\"RADAR YTDJULY\" width=\"346\" height=\"360\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4179\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\" alt=\"FLASH YTDJULY\" width=\"338\" height=\"358\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\"><img class=\"aligncenter size-full wp-image-4180\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\" alt=\"FUNDAMENTAL YTD JULY31\" width=\"343\" height=\"355\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\"><img class=\"aligncenter size-full wp-image-4171\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\" alt=\"PREM SERV PROFITS1 31072014\" width=\"446\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\"><img class=\"aligncenter size-full wp-image-4172\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\" alt=\"PREM SERV PROFITS2 31072014\" width=\"457\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. FINAL THOUGHTS:</strong></span>\r\n\r\nBelow is my favourite excel spreadsheet chart.\r\n\r\nThis shows the net profit position had you joined the PREMIUM SERVICE in January this year and opened a separate broker account with one of my preferred brokers, which entitles you to a one-off “MARKETING BONUS” upon acceptance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\"><img class=\"aligncenter size-full wp-image-4183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\" alt=\"PREM SERV NET PROFIT CALCS  AS AT 31072014\" width=\"533\" height=\"567\" /></a>\r\n\r\n&nbsp;\r\n\r\nFor new readers, if you want more details about the PREMIUM SERVICE 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\nIf you were thinking about subscribing to the PREMIUM SERVICE but were waiting for the summer lower volume trading doldrums to pass, you could do the following over the next two / three weeks and be set for September 1st when I start up 100% again with daily and weekly blogs and tweets etc.:\r\n\r\nIf you wanted to keep PREMIUM SERVICE trades separate from your own trades you could set up an additional Broker account with BLACKWELL GLOBAL (but you must “click on” the banner on the welcome page of the WEEKLY FX DRIVE THRU, this enables me to apply a marketing bonus of 30% on all balances above US$1,000 (maximum $3,000) to your account once opened. (My blog dated 30th June 2014 – “Why Subscribing to the PREMIUM SERVICE is a good idea” willprovideadditional information)and / or\r\nIf you pay now for your subscription to the PREMIUM SERVICE membership weeks which will not start counting until 6th September.\r\nSo if you wanted you could be all set with a separate broker and subscription ready for the September start again.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>The PREMIUM SERVICE as recently mentioned, is going out on the road to attract additional subscribers. In a previous life I was a “Sales Trainer” amongst other things and this is one area that I loved. I see this as a great fit with my longer–term aspirations for the subscriber service.</strong></p>\r\n<p style=\"text-align: center;\"><strong>In September, I will be starting with a series of presentations in Montreal, Canada as follows: -</strong></p>\r\n<p style=\"text-align: center;\"><strong>DATES: Saturday 13th and Sunday 14th September 2014.</strong></p>\r\n<p style=\"text-align: center;\"><strong>VENUE: Hampton Inn and Suites.</strong></p>\r\n<p style=\"text-align: center;\"><strong>ADDRESS: 1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.</strong>\r\n<strong> TIMES: Saturday - 11.30AM, 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Sunday - 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Seating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a front seat reservation.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and have friends that are interested in Forex come along with them, it costs nothing to listen!</strong></p>\r\nTake care and good luck in the interim, see you in September.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMonday August 25th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','GET SET-UP NOW FOR THE RE-START OF THE PREMIUM SERVICE','','inherit','open','closed','','4213-revision-v1','','','2014-08-25 07:27:03','2014-08-25 12:27:03','',4213,'https://weeklyfxdrivethru.com/4213-revision-v1/',0,'revision','',0);
INSERT INTO `vp_backup_wp_posts` VALUES (4216,1,'2014-08-25 07:11:08','2014-08-25 12:11:08','On September 2nd THE WEEKLY FX DRIVE THRU, THE PREMIUM SERVICE, DAILY FX POST and both of my TWITTER accounts fire up once again after the summer break.\r\n\r\nThe article below was posted on August 2nd, after it\'s posting, I received several emails asking me to remind people when would it be the deadline to open up a separate broker account to trade the PREMIUM SERVICE and also SET-UP a subscription.\r\n\r\nAs we are just over a week away from starting once again to have both the broker and subscription in place ready for the off,  to start the process now, would ensure that both pieces would be in place.\r\n\r\nWith regards to the broker, if you would like the MARKETING BONUS approach as described below you must click on the BLACKWELL GLOBAL banner on the welcome page of THE WEEKLY FX DRIVE THRU to qualify. The alternative is FXCM, but there are NO bonuses associated with this broker but the rate spreads available are marginally better. It is your choice, you decide. If you require more information just contact me by email.\r\n\r\nSee you on September 2nd with hopefully the PREMIUM SERVICE, if not via @pipaccumulator on twitter and at weekends through THE WEEKLY FX DRIVE THRU.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>A COMPREHENSIVE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> REVIEW</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> OF THE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> PREMIUM SERVICE PERFORMANCE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> YEAR TO DATE 31st July 2014</strong></span></p>\r\n<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nThere is no WEEKLY FX DRIVE THRU blog this week; the resumption will take place September 6th 2014.\r\n\r\nBeing that it is a month end, I thought it correct that I should post the year to date PREMIUM SERVICE performance.\r\n\r\nBelow I publish all the spreadsheets related to July’s performance and the year to date positions. These are only usually available to subscribers, but I thought today it would helpful to readers considering joining the PREMIUM SERVICE.\r\n<ol>\r\n	<li>RADAR TRADES – July performance.</li>\r\n	<li>FLASH TRADES – July performance.</li>\r\n	<li>FUNDAMENTAL TRADES – July performance. You will notice in July from 35 trades in total only 2 were loss making trades. That is the best monthly performance this year so far. I am very happy.</li>\r\n	<li>RADAR TRADES – year to date performance.</li>\r\n	<li>FLASH TRADES – year to date performance.</li>\r\n	<li>FUNDAMENTAL TRADES – year to date performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – July performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – year to date performance.</li>\r\n	<li>PREMIUM SERVICE as at 31st July 2014 – Net $$$ profits performance based upon an annual subscription to the PREMIUM SERVICE and separate broker account with one of my preferred brokers with an opening marketing bonus.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE - TRADING SUMMARY:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR, FLASH and FUNDAMENTAL TRADES</strong></span>\r\n<span style=\"text-decoration: underline;\"> <strong> JULY 2014 and YEAR to date:</strong></span></p>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering July 2014 and the year 2014 to date.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\"><img class=\"aligncenter size-full wp-image-4173\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\" alt=\"RADAR1 31072014\" width=\"536\" height=\"469\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\"><img class=\"aligncenter size-full wp-image-4174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\" alt=\"RADAR2 31072014\" width=\"536\" height=\"474\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\"><img class=\"aligncenter size-full wp-image-4175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\" alt=\"FLASH1 31072014\" width=\"487\" height=\"482\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\"><img class=\"aligncenter size-full wp-image-4176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\" alt=\"FLASH2 31072014\" width=\"487\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\"><img class=\"aligncenter size-full wp-image-4177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\" alt=\"FUNDAMENTAL 31072014\" width=\"483\" height=\"508\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4178\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\" alt=\"RADAR YTDJULY\" width=\"346\" height=\"360\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4179\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\" alt=\"FLASH YTDJULY\" width=\"338\" height=\"358\" /></a>\r\n<p style=\"text-align: center;\"></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\"><img class=\"aligncenter size-full wp-image-4180\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\" alt=\"FUNDAMENTAL YTD JULY31\" width=\"343\" height=\"355\" /></a>\r\n<p style=\"text-align: center;\"></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\"><img class=\"aligncenter size-full wp-image-4171\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\" alt=\"PREM SERV PROFITS1 31072014\" width=\"446\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\"><img class=\"aligncenter size-full wp-image-4172\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\" alt=\"PREM SERV PROFITS2 31072014\" width=\"457\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. FINAL THOUGHTS:</strong></span>\r\n\r\nBelow is my favourite excel spreadsheet chart.\r\n\r\nThis shows the net profit position had you joined the PREMIUM SERVICE in January this year and opened a separate broker account with one of my preferred brokers, which entitles you to a one-off “MARKETING BONUS” upon acceptance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\"><img class=\"aligncenter size-full wp-image-4183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\" alt=\"PREM SERV NET PROFIT CALCS  AS AT 31072014\" width=\"533\" height=\"567\" /></a>\r\n\r\n&nbsp;\r\n\r\nFor new readers, if you want more details about the PREMIUM SERVICE 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\nIf you were thinking about subscribing to the PREMIUM SERVICE but were waiting for the summer lower volume trading doldrums to pass, you could do the following over the next two / three weeks and be set for September 1st when I start up 100% again with daily and weekly blogs and tweets etc.:\r\n\r\nIf you wanted to keep PREMIUM SERVICE trades separate from your own trades you could set up an additional Broker account with BLACKWELL GLOBAL (but you must “click on” the banner on the welcome page of the WEEKLY FX DRIVE THRU, this enables me to apply a marketing bonus of 30% on all balances above US$1,000 (maximum $3,000) to your account once opened. (My blog dated 30th June 2014 – “Why Subscribing to the PREMIUM SERVICE is a good idea” willprovideadditional information)and / or\r\nIf you pay now for your subscription to the PREMIUM SERVICE membership weeks which will not start counting until 6th September.\r\nSo if you wanted you could be all set with a separate broker and subscription ready for the September start again.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>The PREMIUM SERVICE as recently mentioned, is going out on the road to attract additional subscribers. In a previous life I was a “Sales Trainer” amongst other things and this is one area that I loved. I see this as a great fit with my longer–term aspirations for the subscriber service.</strong></p>\r\n<p style=\"text-align: center;\"><strong>In September, I will be starting with a series of presentations in Montreal, Canada as follows: -</strong></p>\r\n<p style=\"text-align: center;\"><strong>DATES: Saturday 13th and Sunday 14th September 2014.</strong></p>\r\n<p style=\"text-align: center;\"><strong>VENUE: Hampton Inn and Suites.</strong></p>\r\n<p style=\"text-align: center;\"><strong>ADDRESS: 1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.</strong>\r\n<strong> TIMES: Saturday - 11.30AM, 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Sunday - 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Seating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a front seat reservation.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and have friends that are interested in Forex come along with them, it costs nothing to listen!</strong></p>\r\nTake care and good luck in the interim, see you in September.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMonday August 25th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','A PREMIUM SERVICE REMINDER FOR THE SEPTEMBER 2nd RE-START','','inherit','open','closed','','4213-revision-v1','','','2014-08-25 07:11:08','2014-08-25 12:11:08','',4213,'https://weeklyfxdrivethru.com/4213-revision-v1/',0,'revision','',0),(4217,1,'2014-08-25 07:12:36','2014-08-25 12:12:36','On September 2nd THE WEEKLY FX DRIVE THRU, THE PREMIUM SERVICE, DAILY FX POST and both of my TWITTER accounts fire up once again after the summer break.\r\n\r\nThe article below was posted on August 2nd, after it\'s posting, I received several emails asking me to remind people when would it be the deadline to open up a separate broker account to trade the PREMIUM SERVICE and also SET-UP a subscription.\r\n\r\nAs we are just over a week away from starting once again to have both the broker and subscription in place ready for the off,  to start the process now, would ensure that both pieces would be in place.\r\n\r\nWith regards to the broker, if you would like the MARKETING BONUS approach as described below you must click on the BLACKWELL GLOBAL banner on the welcome page of THE WEEKLY FX DRIVE THRU to qualify. The alternative is FXCM, but there are NO bonuses associated with this broker but the rate spreads available are marginally better. It is your choice, you decide. If you require more information just contact me by email.\r\n\r\nSee you on September 2nd with hopefully the PREMIUM SERVICE, if not via @pipaccumulator on twitter and at weekends through THE WEEKLY FX DRIVE THRU.\r\n<p style=\"text-align: center;\"></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>A COMPREHENSIVE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> REVIEW</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> OF THE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> PREMIUM SERVICE PERFORMANCE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> YEAR TO DATE 31st July 2014</strong></span></p>\r\n<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nThere is no WEEKLY FX DRIVE THRU blog this week; the resumption will take place September 6th 2014.\r\n\r\nBeing that it is a month end, I thought it correct that I should post the year to date PREMIUM SERVICE performance.\r\n\r\nBelow I publish all the spreadsheets related to July’s performance and the year to date positions. These are only usually available to subscribers, but I thought today it would helpful to readers considering joining the PREMIUM SERVICE.\r\n<ol>\r\n	<li>RADAR TRADES – July performance.</li>\r\n	<li>FLASH TRADES – July performance.</li>\r\n	<li>FUNDAMENTAL TRADES – July performance. You will notice in July from 35 trades in total only 2 were loss making trades. That is the best monthly performance this year so far. I am very happy.</li>\r\n	<li>RADAR TRADES – year to date performance.</li>\r\n	<li>FLASH TRADES – year to date performance.</li>\r\n	<li>FUNDAMENTAL TRADES – year to date performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – July performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – year to date performance.</li>\r\n	<li>PREMIUM SERVICE as at 31st July 2014 – Net $$$ profits performance based upon an annual subscription to the PREMIUM SERVICE and separate broker account with one of my preferred brokers with an opening marketing bonus.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE - TRADING SUMMARY:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR, FLASH and FUNDAMENTAL TRADES</strong></span>\r\n<span style=\"text-decoration: underline;\"> <strong> JULY 2014 and YEAR to date:</strong></span></p>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering July 2014 and the year 2014 to date.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\"><img class=\"aligncenter size-full wp-image-4173\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\" alt=\"RADAR1 31072014\" width=\"536\" height=\"469\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\"><img class=\"aligncenter size-full wp-image-4174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\" alt=\"RADAR2 31072014\" width=\"536\" height=\"474\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\"><img class=\"aligncenter size-full wp-image-4175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\" alt=\"FLASH1 31072014\" width=\"487\" height=\"482\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\"><img class=\"aligncenter size-full wp-image-4176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\" alt=\"FLASH2 31072014\" width=\"487\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\"><img class=\"aligncenter size-full wp-image-4177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\" alt=\"FUNDAMENTAL 31072014\" width=\"483\" height=\"508\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4178\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\" alt=\"RADAR YTDJULY\" width=\"346\" height=\"360\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4179\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\" alt=\"FLASH YTDJULY\" width=\"338\" height=\"358\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\"><img class=\"aligncenter size-full wp-image-4180\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\" alt=\"FUNDAMENTAL YTD JULY31\" width=\"343\" height=\"355\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\"><img class=\"aligncenter size-full wp-image-4171\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\" alt=\"PREM SERV PROFITS1 31072014\" width=\"446\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\"><img class=\"aligncenter size-full wp-image-4172\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\" alt=\"PREM SERV PROFITS2 31072014\" width=\"457\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. FINAL THOUGHTS:</strong></span>\r\n\r\nBelow is my favourite excel spreadsheet chart.\r\n\r\nThis shows the net profit position had you joined the PREMIUM SERVICE in January this year and opened a separate broker account with one of my preferred brokers, which entitles you to a one-off “MARKETING BONUS” upon acceptance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\"><img class=\"aligncenter size-full wp-image-4183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\" alt=\"PREM SERV NET PROFIT CALCS  AS AT 31072014\" width=\"533\" height=\"567\" /></a>\r\n\r\n&nbsp;\r\n\r\nFor new readers, if you want more details about the PREMIUM SERVICE 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\nIf you were thinking about subscribing to the PREMIUM SERVICE but were waiting for the summer lower volume trading doldrums to pass, you could do the following over the next two / three weeks and be set for September 1st when I start up 100% again with daily and weekly blogs and tweets etc.:\r\n\r\nIf you wanted to keep PREMIUM SERVICE trades separate from your own trades you could set up an additional Broker account with BLACKWELL GLOBAL (but you must “click on” the banner on the welcome page of the WEEKLY FX DRIVE THRU, this enables me to apply a marketing bonus of 30% on all balances above US$1,000 (maximum $3,000) to your account once opened. (My blog dated 30th June 2014 – “Why Subscribing to the PREMIUM SERVICE is a good idea” willprovideadditional information)and / or\r\nIf you pay now for your subscription to the PREMIUM SERVICE membership weeks which will not start counting until 6th September.\r\nSo if you wanted you could be all set with a separate broker and subscription ready for the September start again.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>The PREMIUM SERVICE as recently mentioned, is going out on the road to attract additional subscribers. In a previous life I was a “Sales Trainer” amongst other things and this is one area that I loved. I see this as a great fit with my longer–term aspirations for the subscriber service.</strong></p>\r\n<p style=\"text-align: center;\"><strong>In September, I will be starting with a series of presentations in Montreal, Canada as follows: -</strong></p>\r\n<p style=\"text-align: center;\"><strong>DATES: Saturday 13th and Sunday 14th September 2014.</strong></p>\r\n<p style=\"text-align: center;\"><strong>VENUE: Hampton Inn and Suites.</strong></p>\r\n<p style=\"text-align: center;\"><strong>ADDRESS: 1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.</strong>\r\n<strong> TIMES: Saturday - 11.30AM, 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Sunday - 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Seating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a front seat reservation.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and have friends that are interested in Forex come along with them, it costs nothing to listen!</strong></p>\r\nTake care and good luck in the interim, see you in September.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMonday August 25th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','A PREMIUM SERVICE REMINDER FOR THE SEPTEMBER 2nd RE-START','','inherit','open','closed','','4213-revision-v1','','','2014-08-25 07:12:36','2014-08-25 12:12:36','',4213,'https://weeklyfxdrivethru.com/4213-revision-v1/',0,'revision','',0),(4219,1,'2014-08-25 07:28:42','2014-08-25 12:28:42','On September 2nd THE WEEKLY FX DRIVE THRU, THE PREMIUM SERVICE, DAILY FX POST and both of my TWITTER accounts fire up once again after the summer break.\r\n\r\nThe article below was posted on August 2nd, after it\'s posting, I received several emails asking me to remind people when would it be the deadline to open up a separate broker account to trade the PREMIUM SERVICE and also SET-UP a subscription.\r\n\r\nAs we are just over a week away from starting once again to have both the broker and subscription in place ready for the off,  to start the process now, would ensure that both pieces would be in place.\r\n\r\nWith regards to the broker, if you would like the MARKETING BONUS approach as described below you must click on the BLACKWELL GLOBAL banner on the welcome page of THE WEEKLY FX DRIVE THRU to qualify. The alternative is FXCM, but there are NO bonuses associated with this broker but the rate spreads available are marginally better. It is your choice, you decide. If you require more information just contact me by email.\r\n\r\nSee you on September 2nd with hopefully the PREMIUM SERVICE, if not via @pipaccumulator on twitter and at weekends through THE WEEKLY FX DRIVE THRU.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>A COMPREHENSIVE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> REVIEW</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> OF THE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> PREMIUM SERVICE PERFORMANCE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> YEAR TO DATE 31st July 2014</strong></span></p>\r\n<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nThere is no WEEKLY FX DRIVE THRU blog this week; the resumption will take place September 6th 2014.\r\n\r\nBeing that it is a month end, I thought it correct that I should post the year to date PREMIUM SERVICE performance.\r\n\r\nBelow I publish all the spreadsheets related to July’s performance and the year to date positions. These are only usually available to subscribers, but I thought today it would helpful to readers considering joining the PREMIUM SERVICE.\r\n<ol>\r\n	<li>RADAR TRADES – July performance.</li>\r\n	<li>FLASH TRADES – July performance.</li>\r\n	<li>FUNDAMENTAL TRADES – July performance. You will notice in July from 35 trades in total only 2 were loss making trades. That is the best monthly performance this year so far. I am very happy.</li>\r\n	<li>RADAR TRADES – year to date performance.</li>\r\n	<li>FLASH TRADES – year to date performance.</li>\r\n	<li>FUNDAMENTAL TRADES – year to date performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – July performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – year to date performance.</li>\r\n	<li>PREMIUM SERVICE as at 31st July 2014 – Net $$$ profits performance based upon an annual subscription to the PREMIUM SERVICE and separate broker account with one of my preferred brokers with an opening marketing bonus.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE - TRADING SUMMARY:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR, FLASH and FUNDAMENTAL TRADES</strong></span>\r\n<span style=\"text-decoration: underline;\"> <strong> JULY 2014 and YEAR to date:</strong></span></p>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering July 2014 and the year 2014 to date.\r\n\r\nNote all profitable and Loss making trades are based off single lot trades only across the MICRO, MINI and STANDARD LOT excel sheets.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\"><img class=\"aligncenter size-full wp-image-4173\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\" alt=\"RADAR1 31072014\" width=\"536\" height=\"469\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\"><img class=\"aligncenter size-full wp-image-4174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\" alt=\"RADAR2 31072014\" width=\"536\" height=\"474\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\"><img class=\"aligncenter size-full wp-image-4175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\" alt=\"FLASH1 31072014\" width=\"487\" height=\"482\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\"><img class=\"aligncenter size-full wp-image-4176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\" alt=\"FLASH2 31072014\" width=\"487\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\"><img class=\"aligncenter size-full wp-image-4177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\" alt=\"FUNDAMENTAL 31072014\" width=\"483\" height=\"508\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4178\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\" alt=\"RADAR YTDJULY\" width=\"346\" height=\"360\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4179\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\" alt=\"FLASH YTDJULY\" width=\"338\" height=\"358\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\"><img class=\"aligncenter size-full wp-image-4180\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\" alt=\"FUNDAMENTAL YTD JULY31\" width=\"343\" height=\"355\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\"><img class=\"aligncenter size-full wp-image-4171\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\" alt=\"PREM SERV PROFITS1 31072014\" width=\"446\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\"><img class=\"aligncenter size-full wp-image-4172\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\" alt=\"PREM SERV PROFITS2 31072014\" width=\"457\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. FINAL THOUGHTS:</strong></span>\r\n\r\nBelow is my favourite excel spreadsheet chart.\r\n\r\nThis shows the net profit position had you joined the PREMIUM SERVICE in January this year and opened a separate broker account with one of my preferred brokers, which entitles you to a one-off “MARKETING BONUS” upon acceptance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\"><img class=\"aligncenter size-full wp-image-4183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\" alt=\"PREM SERV NET PROFIT CALCS  AS AT 31072014\" width=\"533\" height=\"567\" /></a>\r\n\r\n&nbsp;\r\n\r\nFor new readers, if you want more details about the PREMIUM SERVICE 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\nIf you were thinking about subscribing to the PREMIUM SERVICE but were waiting for the summer lower volume trading doldrums to pass, you could do the following over the next two / three weeks and be set for September 1st when I start up 100% again with daily and weekly blogs and tweets etc.:\r\n\r\nIf you wanted to keep PREMIUM SERVICE trades separate from your own trades you could set up an additional Broker account with BLACKWELL GLOBAL (but you must “click on” the banner on the welcome page of the WEEKLY FX DRIVE THRU, this enables me to apply a marketing bonus of 30% on all balances above US$1,000 (maximum $3,000) to your account once opened. (My blog dated 30th June 2014 – “Why Subscribing to the PREMIUM SERVICE is a good idea” willprovideadditional information)and / or\r\nIf you pay now for your subscription to the PREMIUM SERVICE membership weeks which will not start counting until 6th September.\r\nSo if you wanted you could be all set with a separate broker and subscription ready for the September start again.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>The PREMIUM SERVICE as recently mentioned, is going out on the road to attract additional subscribers. In a previous life I was a “Sales Trainer” amongst other things and this is one area that I loved. I see this as a great fit with my longer–term aspirations for the subscriber service.</strong></p>\r\n<p style=\"text-align: center;\"><strong>In September, I will be starting with a series of presentations in Montreal, Canada as follows: -</strong></p>\r\n<p style=\"text-align: center;\"><strong>DATES: Saturday 13th and Sunday 14th September 2014.</strong></p>\r\n<p style=\"text-align: center;\"><strong>VENUE: Hampton Inn and Suites.</strong></p>\r\n<p style=\"text-align: center;\"><strong>ADDRESS: 1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.</strong>\r\n<strong> TIMES: Saturday - 11.30AM, 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Sunday - 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Seating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a front seat reservation.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and have friends that are interested in Forex come along with them, it costs nothing to listen!</strong></p>\r\nTake care and good luck in the interim, see you in September.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMonday August 25th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','GET SET-UP NOW FOR THE RE-START OF THE PREMIUM SERVICE','','inherit','open','closed','','4213-revision-v1','','','2014-08-25 07:28:42','2014-08-25 12:28:42','',4213,'https://weeklyfxdrivethru.com/4213-revision-v1/',0,'revision','',0),(4221,1,'2014-08-25 07:30:11','2014-08-25 12:30:11','On September 2nd THE WEEKLY FX DRIVE THRU, THE PREMIUM SERVICE, DAILY FX POST and both of my TWITTER accounts fire up once again after the summer break.\r\n\r\nThe article below was posted on August 2nd, after it\'s posting, I received several emails asking me to remind people when would it be the deadline to open up a separate broker account to trade the PREMIUM SERVICE and also SET-UP a subscription.\r\n\r\nAs we are just over a week away from starting once again to have both the broker and subscription in place ready for the off,  to start the process now, would ensure that both pieces would be in place.\r\n\r\nWith regards to the broker, if you would like the MARKETING BONUS approach as described below you must click on the BLACKWELL GLOBAL banner on the welcome page of THE WEEKLY FX DRIVE THRU to qualify. The alternative is FXCM, but there are NO bonuses associated with this broker but the rate spreads available are marginally better. It is your choice, you decide. If you require more information just contact me by email.\r\n\r\nSee you on September 2nd with hopefully the PREMIUM SERVICE, if not via @pipaccumulator on twitter and at weekends through THE WEEKLY FX DRIVE THRU.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>A COMPREHENSIVE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> REVIEW</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> OF THE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> PREMIUM SERVICE PERFORMANCE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> YEAR TO DATE 31st July 2014</strong></span></p>\r\n<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nThere is no WEEKLY FX DRIVE THRU blog this week; the resumption will take place September 6th 2014.\r\n\r\nBeing that it is a month end, I thought it correct that I should post the year to date PREMIUM SERVICE performance.\r\n\r\nBelow I publish all the spreadsheets related to July’s performance and the year to date positions. These are only usually available to subscribers, but I thought today it would helpful to readers considering joining the PREMIUM SERVICE.\r\n<ol>\r\n	<li>RADAR TRADES – July performance.</li>\r\n	<li>FLASH TRADES – July performance.</li>\r\n	<li>FUNDAMENTAL TRADES – July performance. You will notice in July from 35 trades in total only 2 were loss making trades. That is the best monthly performance this year so far. I am very happy.</li>\r\n	<li>RADAR TRADES – year to date performance.</li>\r\n	<li>FLASH TRADES – year to date performance.</li>\r\n	<li>FUNDAMENTAL TRADES – year to date performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – July performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – year to date performance.</li>\r\n	<li>PREMIUM SERVICE as at 31st July 2014 – Net $$$ profits performance based upon an annual subscription to the PREMIUM SERVICE and separate broker account with one of my preferred brokers with an opening marketing bonus.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE - TRADING SUMMARY:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR, FLASH and FUNDAMENTAL TRADES</strong></span>\r\n<span style=\"text-decoration: underline;\"> <strong> JULY 2014 and YEAR to date:</strong></span></p>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering July 2014 and the year 2014 to date.\r\n\r\nNote all profitable and Loss making trades are based off single lot trades only across the MICRO, MINI and STANDARD LOT excel sheets.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\"><img class=\"aligncenter size-full wp-image-4173\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\" alt=\"RADAR1 31072014\" width=\"536\" height=\"469\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\"><img class=\"aligncenter size-full wp-image-4174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\" alt=\"RADAR2 31072014\" width=\"536\" height=\"474\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\"><img class=\"aligncenter size-full wp-image-4175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\" alt=\"FLASH1 31072014\" width=\"487\" height=\"482\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\"><img class=\"aligncenter size-full wp-image-4176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\" alt=\"FLASH2 31072014\" width=\"487\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\"><img class=\"aligncenter size-full wp-image-4177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\" alt=\"FUNDAMENTAL 31072014\" width=\"483\" height=\"508\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4178\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\" alt=\"RADAR YTDJULY\" width=\"346\" height=\"360\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4179\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\" alt=\"FLASH YTDJULY\" width=\"338\" height=\"358\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\"><img class=\"aligncenter size-full wp-image-4180\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\" alt=\"FUNDAMENTAL YTD JULY31\" width=\"343\" height=\"355\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\"><img class=\"aligncenter size-full wp-image-4171\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\" alt=\"PREM SERV PROFITS1 31072014\" width=\"446\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\"><img class=\"aligncenter size-full wp-image-4172\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\" alt=\"PREM SERV PROFITS2 31072014\" width=\"457\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. FINAL THOUGHTS:</strong></span>\r\n\r\nBelow is my favourite excel spreadsheet chart.\r\n\r\nThis shows the net profit position had you joined the PREMIUM SERVICE in January this year and opened a separate broker account with one of my preferred brokers, which entitles you to a one-off “MARKETING BONUS” upon acceptance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\"><img class=\"aligncenter size-full wp-image-4183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\" alt=\"PREM SERV NET PROFIT CALCS  AS AT 31072014\" width=\"533\" height=\"567\" /></a>\r\n\r\n&nbsp;\r\n\r\nFor new readers, if you want more details about the PREMIUM SERVICE 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\nIf you were thinking about subscribing to the PREMIUM SERVICE but were waiting for the summer lower volume trading doldrums to pass, you could do the following over the next two / three weeks and be set for September 1st when I start up 100% again with daily and weekly blogs and tweets etc.:\r\n\r\nIf you wanted to keep PREMIUM SERVICE trades separate from your own trades you could set up an additional Broker account with BLACKWELL GLOBAL (but you must “click on” the banner on the welcome page of the WEEKLY FX DRIVE THRU, this enables me to apply a marketing bonus of 30% on all balances above US$1,000 (maximum $3,000) to your account once opened. (My blog dated 30th June 2014 – “Why Subscribing to the PREMIUM SERVICE is a good idea” willprovideadditional information)and / or\r\nIf you pay now for your subscription to the PREMIUM SERVICE membership weeks which will not start counting until 6th September.\r\nSo if you wanted you could be all set with a separate broker and subscription ready for the September start again.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>The PREMIUM SERVICE as recently mentioned, is going out on the road to attract additional subscribers. In a previous life I was a “Sales Trainer” amongst other things and this is one area that I loved. I see this as a great fit with my longer–term aspirations for the subscriber service.</strong></p>\r\n<p style=\"text-align: center;\"><strong>In September, I will be starting with a series of presentations in Montreal, Canada as follows: -</strong></p>\r\n<p style=\"text-align: center;\"><strong>DATES: Saturday 13th and Sunday 14th September 2014.</strong></p>\r\n<p style=\"text-align: center;\"><strong>VENUE: Hampton Inn and Suites.</strong></p>\r\n<p style=\"text-align: center;\"><strong>ADDRESS: 1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL</strong>\r\n<strong> TIMES: Saturday - 11.30AM, 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Sunday - 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Seating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a front seat reservation.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and have friends that are interested in Forex come along with them, it costs nothing to listen!</strong></p>\r\n&nbsp;\r\n\r\nTake care and good luck in the interim, see you soon in September.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMonday August 25th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','GET SET-UP NOW FOR THE RE-START OF THE PREMIUM SERVICE','','inherit','open','closed','','4213-revision-v1','','','2014-08-25 07:30:11','2014-08-25 12:30:11','',4213,'https://weeklyfxdrivethru.com/4213-revision-v1/',0,'revision','',0),(4220,1,'2014-08-25 07:29:22','2014-08-25 12:29:22','On September 2nd THE WEEKLY FX DRIVE THRU, THE PREMIUM SERVICE, DAILY FX POST and both of my TWITTER accounts fire up once again after the summer break.\r\n\r\nThe article below was posted on August 2nd, after it\'s posting, I received several emails asking me to remind people when would it be the deadline to open up a separate broker account to trade the PREMIUM SERVICE and also SET-UP a subscription.\r\n\r\nAs we are just over a week away from starting once again to have both the broker and subscription in place ready for the off,  to start the process now, would ensure that both pieces would be in place.\r\n\r\nWith regards to the broker, if you would like the MARKETING BONUS approach as described below you must click on the BLACKWELL GLOBAL banner on the welcome page of THE WEEKLY FX DRIVE THRU to qualify. The alternative is FXCM, but there are NO bonuses associated with this broker but the rate spreads available are marginally better. It is your choice, you decide. If you require more information just contact me by email.\r\n\r\nSee you on September 2nd with hopefully the PREMIUM SERVICE, if not via @pipaccumulator on twitter and at weekends through THE WEEKLY FX DRIVE THRU.\r\n<p style=\"text-align: center;\"></p>\r\n<p style=\"text-align: center;\"></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>A COMPREHENSIVE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> REVIEW</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> OF THE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> PREMIUM SERVICE PERFORMANCE</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> YEAR TO DATE 31st July 2014</strong></span></p>\r\n<span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nThere is no WEEKLY FX DRIVE THRU blog this week; the resumption will take place September 6th 2014.\r\n\r\nBeing that it is a month end, I thought it correct that I should post the year to date PREMIUM SERVICE performance.\r\n\r\nBelow I publish all the spreadsheets related to July’s performance and the year to date positions. These are only usually available to subscribers, but I thought today it would helpful to readers considering joining the PREMIUM SERVICE.\r\n<ol>\r\n	<li>RADAR TRADES – July performance.</li>\r\n	<li>FLASH TRADES – July performance.</li>\r\n	<li>FUNDAMENTAL TRADES – July performance. You will notice in July from 35 trades in total only 2 were loss making trades. That is the best monthly performance this year so far. I am very happy.</li>\r\n	<li>RADAR TRADES – year to date performance.</li>\r\n	<li>FLASH TRADES – year to date performance.</li>\r\n	<li>FUNDAMENTAL TRADES – year to date performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – July performance.</li>\r\n	<li>COMBINED TRADING SUMMARY – year to date performance.</li>\r\n	<li>PREMIUM SERVICE as at 31st July 2014 – Net $$$ profits performance based upon an annual subscription to the PREMIUM SERVICE and separate broker account with one of my preferred brokers with an opening marketing bonus.</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE - TRADING SUMMARY:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR, FLASH and FUNDAMENTAL TRADES</strong></span>\r\n<span style=\"text-decoration: underline;\"> <strong> JULY 2014 and YEAR to date:</strong></span></p>\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering July 2014 and the year 2014 to date.\r\n\r\nNote all profitable and Loss making trades are based off single lot trades only across the MICRO, MINI and STANDARD LOT excel sheets.\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\"><img class=\"aligncenter size-full wp-image-4173\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR1-31072014.png\" alt=\"RADAR1 31072014\" width=\"536\" height=\"469\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\"><img class=\"aligncenter size-full wp-image-4174\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR2-31072014.png\" alt=\"RADAR2 31072014\" width=\"536\" height=\"474\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\"><img class=\"aligncenter size-full wp-image-4175\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH1-31072014.png\" alt=\"FLASH1 31072014\" width=\"487\" height=\"482\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\"><img class=\"aligncenter size-full wp-image-4176\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH2-31072014.png\" alt=\"FLASH2 31072014\" width=\"487\" height=\"481\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\"><img class=\"aligncenter size-full wp-image-4177\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-31072014.png\" alt=\"FUNDAMENTAL 31072014\" width=\"483\" height=\"508\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>RADAR TRADES – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4178\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/RADAR-YTDJULY.png\" alt=\"RADAR YTDJULY\" width=\"346\" height=\"360\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FLASH TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\"><img class=\"aligncenter size-full wp-image-4179\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FLASH-YTDJULY.png\" alt=\"FLASH YTDJULY\" width=\"338\" height=\"358\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>FUNDAMENTAL TRADES – year to date performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\"><img class=\"aligncenter size-full wp-image-4180\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/FUNDAMENTAL-YTD-JULY31.png\" alt=\"FUNDAMENTAL YTD JULY31\" width=\"343\" height=\"355\" /></a>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – July performance.</strong></span></p>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\"><img class=\"aligncenter size-full wp-image-4171\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS1-31072014.png\" alt=\"PREM SERV PROFITS1 31072014\" width=\"446\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>COMBINED TRADING SUMMARY – year to date performance.</strong></span></p>\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\"><img class=\"aligncenter size-full wp-image-4172\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-PROFITS2-31072014.png\" alt=\"PREM SERV PROFITS2 31072014\" width=\"457\" height=\"415\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. FINAL THOUGHTS:</strong></span>\r\n\r\nBelow is my favourite excel spreadsheet chart.\r\n\r\nThis shows the net profit position had you joined the PREMIUM SERVICE in January this year and opened a separate broker account with one of my preferred brokers, which entitles you to a one-off “MARKETING BONUS” upon acceptance.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\"><img class=\"aligncenter size-full wp-image-4183\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PREM-SERV-NET-PROFIT-CALCS-AS-AT-31072014.png\" alt=\"PREM SERV NET PROFIT CALCS  AS AT 31072014\" width=\"533\" height=\"567\" /></a>\r\n\r\n&nbsp;\r\n\r\nFor new readers, if you want more details about the PREMIUM SERVICE 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\nIf you were thinking about subscribing to the PREMIUM SERVICE but were waiting for the summer lower volume trading doldrums to pass, you could do the following over the next two / three weeks and be set for September 1st when I start up 100% again with daily and weekly blogs and tweets etc.:\r\n\r\nIf you wanted to keep PREMIUM SERVICE trades separate from your own trades you could set up an additional Broker account with BLACKWELL GLOBAL (but you must “click on” the banner on the welcome page of the WEEKLY FX DRIVE THRU, this enables me to apply a marketing bonus of 30% on all balances above US$1,000 (maximum $3,000) to your account once opened. (My blog dated 30th June 2014 – “Why Subscribing to the PREMIUM SERVICE is a good idea” willprovideadditional information)and / or\r\nIf you pay now for your subscription to the PREMIUM SERVICE membership weeks which will not start counting until 6th September.\r\nSo if you wanted you could be all set with a separate broker and subscription ready for the September start again.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><strong>The PREMIUM SERVICE as recently mentioned, is going out on the road to attract additional subscribers. In a previous life I was a “Sales Trainer” amongst other things and this is one area that I loved. I see this as a great fit with my longer–term aspirations for the subscriber service.</strong></p>\r\n<p style=\"text-align: center;\"><strong>In September, I will be starting with a series of presentations in Montreal, Canada as follows: -</strong></p>\r\n<p style=\"text-align: center;\"><strong>DATES: Saturday 13th and Sunday 14th September 2014.</strong></p>\r\n<p style=\"text-align: center;\"><strong>VENUE: Hampton Inn and Suites.</strong></p>\r\n<p style=\"text-align: center;\"><strong>ADDRESS: 1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.</strong>\r\n<strong> TIMES: Saturday - 11.30AM, 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Sunday - 2.30PM and 4.30PM.</strong></p>\r\n<p style=\"text-align: center;\"><strong>Seating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a front seat reservation.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.</strong></p>\r\n<p style=\"text-align: center;\"><strong>If you are an existing subscriber and have friends that are interested in Forex come along with them, it costs nothing to listen!</strong></p>\r\n&nbsp;\r\n\r\nTake care and good luck in the interim, see you soon in September.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nMonday August 25th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;','GET SET-UP NOW FOR THE RE-START OF THE PREMIUM SERVICE','','inherit','open','closed','','4213-revision-v1','','','2014-08-25 07:29:22','2014-08-25 12:29:22','',4213,'https://weeklyfxdrivethru.com/4213-revision-v1/',0,'revision','',0),(4262,1,'2014-09-03 07:16:33','2014-09-03 12:16:33','<p style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></p>\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 3rd September 2014\r\nREF: #80</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nWaking up this morning the news initially said that there was a ceasefire agreement in the Ukraine between Poroshenko and Putin, then I heard that a Putin spokesman denied it on the grounds that it has nothing to do with Russia it’s all an internal Ukraine issue. My God it’s like are there tanks and troops on Ukrainian soil? If so it is an invasion.\r\n\r\nBottom line this has created some moves in the Forex market and for that at least we should be grateful. Not that any of this helps the population of Ukraine.\r\n\r\nU.S. futures are up on the news of a “ceasefire” if that\'s in fact what we have, but then again U.S. equities are always up!! European markets are also very green at the moment.\r\n\r\nOil and Gold are marginally up and Copper basically flat.\r\n\r\nMy thoughts are that with the Draghi road shows on tomorrow, I think that soon we will see things come to a bit of a stop ahead of the ECB Press Conference and then we have the US Employment data on Friday.\r\n\r\nThe EUR/USD looks like it could move higher and maybe have an attempt at the GAP FILL from two weekends ago at 1.3240. From technical perspective this is what could happen, I am just not convinced. Not that a 100 pip move the day ahead of an ECB Press Conference has ever happened before, I just think there is so much Geopolitical news in the air we will just be range bound once again\r\n\r\nBig news on the agenda today is the BOC Rate statement. I am looking to get long this pair and I am once again looking at an entry level from back in June / July of around 1.0825-50.\r\n\r\nThe GBP/USD looks very heavy and although the Scottish referendum vote is weighing in I am thinking that the selling has been quite over-cooked at the moment, maybe we are due for a bounce. However, being cautious on this pair, I am waiting for the ECB news to happen and more importantly the EUR/GBP reactions first.\r\n\r\nAt the moment the AUD looks stronger and the NZD weak at the moment. 0.9350 looks like a 61.8% Fib level on the AUD/USD to get short at.\r\n\r\nOverall, I think that we have some quite large ranges in play, with the odd wedge patterns here and there, but I am not expecting fireworks. I have a lot of charts that I am looking at and I will tweet with entries in about an hour or so.\r\n\r\n<strong> </strong>\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nCAD - BOC Rate Statement and Interest Rate Decision.\r\nAUD – Retail Sales and Trade balance.\r\n\r\n&nbsp;\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9775\r\nCurrent Profit / Loss Position: -25 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7637\r\nCurrent Profit / Loss Position: -563 pips (position hedged)\r\n\r\nRT141\r\nEUR/USD\r\nShort at 1.3150\r\nStop at 1.3200\r\nLimit 1.3010\r\nPresent Price: 1.3148\r\nCurrent Profit / Loss Position: +2 pips\r\n\r\nRT142\r\nNZD/USD\r\nShort at 0.8330\r\nStop at 0.8420\r\nLimit at 0.8000\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips<strong> </strong>\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nNone in position at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI hate to say it but I do think that until tomorrow we will not see much action in the Forex market unless the Geopolitical news kicks off.\r\n\r\nThe BOC may offer up a nice quick in and out (FLASH) trade later.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#80 - THE DAILY FX POST, Wednesday 3rd September 2014 ','','publish','open','closed','','80-daily-fx-post-wednesday-3rd-september-2014','','','2014-09-03 07:16:33','2014-09-03 12:16:33','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4262',0,'member_posts','',0),(4224,16,'2014-08-26 09:18:03','2014-08-26 14:18:03','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/ib11.gif\"/></a>\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-08-26 09:18:03','2014-08-26 14:18:03','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4227,16,'2014-08-29 10:13:51','2014-08-29 15:13:51','<div class=\"one-third first\">\r\n<h3>BLACKWELL GLOBAL</h3>\r\n<a href=\"https://infinitum.blackwellglobal.com/ib_link.action?ct=IB&amp;iaid=12634007&amp;id=3\" target=\"_blank\">\r\n<img src=\"https://infinitum.blackwellglobal.com/mimages/Banner5white.jpg?ct=IB&amp;iaid=12634007&amp;id=3\" alt=\"\" width=\"240\" height=\"400\" border=\"0\" />\r\n</a>\r\n<div class=\"pdf-links\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-MADE-EASY-BLACKWELL-GLOBAL.pdf\">FOREX MADE EASY - BLACKWELL GLOBAL</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/FOREX-ANALYSING-MADE-EASY-BLACKWELL-GLOBALeasy.pdf\">FOREX ANALYSING MADE EASY - BLACKWELL GLOBALeasy</a></div>\r\n</div>\r\n<div class=\"one-third\">\r\n<h3 style=\"margin-bottom:40px;\">FXCM</h3>\r\n<p><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/fxcm_white_logo.jpg\" alt=\"FXCM logo\" width=\"280\" height=\"188\" class=\"alignnone size-full wp-image-4035\" /></a></p>\r\n<p>Please click on the appropriate link below that corresponds to where you live.\r\nRegretfully, I cannot accept applications from USA residents.</p>\r\n<p><div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr-demo/?rb=LTD_SCOTT_PICKERING\" title=\"demo account any region\">DEMO ACCOUNT ANY REGION</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CA_SCOTT_PICKERING\" title=\"FXCM canadian link\">FXCM Canada</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=CRESCO_CAP_MK_SCOTT_PICKERING\" title=\"FXCM European link\">FXCM Europe</a></div>\r\n<div class=\"btn\"><a href=\"https://secure4.fxcorporate.com/tr/?rb=LTD_SCOTT_PICKERING\" title=\"FXCM AFRICA ASIA &amp; MIDDLE EAST link\">FXCM AFRICA ASIA &amp; MIDDLE EAST</a></div>\r\n</p>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n<h3>VITAL MARKETS</h3>\r\n<p>\r\n<a href=\"http://vitalmarkets.com/accounts/?utm_source=scott&utm_medium=banner&utm_content=120600_home&utm_campaign=ib\"><img src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/loop.gif\"/></a>\r\n</p>\r\n</div>','FX Brokers','','inherit','open','closed','','2704-revision-v1','','','2014-08-29 10:13:51','2014-08-29 15:13:51','',2704,'https://weeklyfxdrivethru.com/2704-revision-v1/',0,'revision','',0),(4228,16,'2014-08-29 10:17:06','2014-08-29 15:17:06','<section class=\"members\">\r\n<title =\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary<a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Strategies</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a>\r\n</title></section>','Training Support','','inherit','open','closed','','2267-revision-v1','','','2014-08-29 10:17:06','2014-08-29 15:17:06','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4229,16,'2014-08-29 10:17:44','2014-08-29 15:17:44','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n<strong>BoC -</strong> The Bank of Canada. \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n<strong>BRL -</strong> The Brazilian Real.\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n<strong>GBP -</strong> The Great British Pound.\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n<strong>INR -</strong> The Indian Rupee.\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n<strong>ZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','publish','open','closed','','fx-glossary','','','2015-12-21 09:42:15','2015-12-21 14:42:15','',0,'https://weeklyfxdrivethru.com/?page_id=4229',0,'page','',0),(4230,16,'2014-08-29 10:17:44','2014-08-29 15:17:44','','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:17:44','2014-08-29 15:17:44','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4231,16,'2014-08-29 10:18:23','2014-08-29 15:18:23','•	Appreciation - A currency is said to appreciate when its price rises.\r\n\r\n•	Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n\r\n•	Ask (Offer) - Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n\r\n•	Asset Allocation - An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n\r\n•	Aussie (AUD) - The Australian Dollar.\r\n\r\n•	Balance of Trade - Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n\r\n•	Barrier/Option Barrier - A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n\r\n•	Base Currency - The currency in which the operating results of the bank or institution are reported.\r\n\r\n•	Basel III - The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n\r\n•	Basket - A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n\r\n•	Basis Point - 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n\r\n\r\n\r\n\r\n•	Bear/Bearish - An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n\r\n•	Bid - The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n\r\n•	Bid to Cover Ratio - A measure of demand for government debt that has been auctioned. \r\n\r\n•	BIS - The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n\r\n•	BoC - The Bank of Canada. \r\n                                                   \r\n•	BoE - The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n\r\n•	BoJ - The Bank of Japan.\r\n\r\n•	BRICS - An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n\r\n•	BRL - The Brazilian Real.\r\n\r\n•	Broker - An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n\r\n•	Buba - Shortened form of Bundesbank, the German central bank.\r\n\r\n•	Bull/Bullish - An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n\r\n•	Bund - The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n\r\n\r\n\r\n•	Cable - The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n\r\n•	CAC/CAC40 - The primary French stock exchange.\r\n\r\n•	CAD - The Canadian Dollar.\r\n\r\n•	Call - A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n\r\n•	Cash Market - Market place where financial instruments are traded and delivered for immediately delivery.\r\n\r\n•	CBOT - The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n\r\n•	Confederation of British Industry (CBI) - An influential lobbying organisation for UK business on national and international issues.\r\n\r\n•	Consumer Confidence - The degree of optimism that consumers feel about the overall state of the economy.\r\n\r\n•	Central Bank - The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n\r\n•	Clearer - Market term for a large bank, the term originates from those banks that clear cheques.\r\n\r\n•	CME - The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n\r\n•	Commodity - The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n\r\n•	Corporate - A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n•	Consumer Price Index (CPI) - A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n\r\n•	Contagion - When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n\r\n\r\n•	Coupon - The interest rate payable to the holder of a bond by the issuer. \r\n\r\n•	Crawling Peg - A type of currency peg which is adjusted periodically.\r\n\r\n•	Cross Rate - An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n\r\n•	Currency Risk - The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n\r\n•	Custodial Buyers - A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n•	DAX - The primary German stock index.\r\n \r\n•	Deflation - The rate at which prices for goods and services fall.\r\n\r\n•	Depreciation - A currency is said to depreciate when its price falls.\r\n\r\n•	Derivative - A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n\r\n•	DKK - Shorthand for the Danish Krona, the national currency of Denmark.\r\n\r\n•	Double-No-Touch (DNT) - A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n\r\n•	Dove/Dovish - Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n\r\n•	Dow Jones Industrial Average - A US stock index which includes the 30 largest blue-chip companies.\r\n\r\n•	Downtick - A decrease in prices.\r\n\r\n•	EUREX - A major global derivatives exchange.\r\n\r\n•	Euribor - The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n\r\n\r\n\r\n•	Euro (EUR) - The European single currency.\r\n\r\n•	European Central Bank (ECB) - The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n\r\n•	Eurogroup - The group of finance ministers that represent the EUR-member countries.\r\n\r\n•	European Financial Stability Fund (EFSF) - The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n\r\n•	European/American Style Option - A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n\r\n•	European Union (EU) - The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n\r\n•	EUROSTOXX 50 - A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n\r\n•	Eurozone - The group of countries that use the EUR.\r\n\r\n•	Exotic - A less broadly traded currency.\r\n\r\n•	Expiry Date - The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n•	Fade/Fading - A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n\r\n•	Fast Money - A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n \r\n•	Federal Deposit Insurance Corporation (FDIC) - An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n\r\n•	Federal Reserve (Fed) - The central bank of the United States of America.\r\n\r\n\r\n\r\n•	Fibonacci retracements - A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n\r\n•	Fiscal Policy - Government budgetary policy, especially within taxation and borrowing.\r\n\r\n•	Flat/Square - Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n\r\n•	Float - A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n\r\n•	FOMC - The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	Forward - An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n\r\n•	FTSE/FTSE 100 - The primary UK stock exchange.\r\n\r\n•	Fundamental Analysis - Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n•	G7 - A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n\r\n•	G20 - A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n\r\n•	GBP - The Great British Pound.\r\n\r\n•	Gilt - Market term for government bonds issued by the UK government.\r\n\r\n•	Government Bond - A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n\r\n\r\n\r\n•	Gross Domestic Product (GDP) - Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n•	Haircut - In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n\r\n•	Handle - A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n\r\n•	Hard Currency - A currency that investors have confidence in.\r\n\r\n•	Hedge - Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n\r\n•	Hedge Fund - A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n\r\n•	Hawk/Hawkish - Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n•	IFO (Information and Forschung) - An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n\r\n•	Illiquid Market - A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n\r\n•	Inflation - The rate at which prices for goods and services rise.\r\n\r\n•	Initial Public Offering (IPO) - The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n\r\n•	INR - The Indian Rupee.\r\n\r\n•	Institute of International Finance (IIF) - The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n\r\n\r\n•	Interbank Market - The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n\r\n•	International Monetary Fund (IMF) - An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n\r\n•	Intervention - A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n\r\n•	ISM (Institute for Supply Management) - An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n•	JGB’s - Japanese government bonds.\r\n\r\n•	JPY - The Japanese Yen.\r\n\r\n•	Kampo - The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n\r\n•	Kiwi (NZD) - The New Zealand Dollar.\r\n\r\n•	LIBOR - Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n\r\n•	LIFFE (London International Financial Futures Exchange) - An association composed of the three largest future exchanges in the UK.\r\n\r\n•	Limit Order - An order to transact at a specified price or better.\r\n\r\n•	Long - The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n\r\n•	Loonie - Market term for the CAD.\r\n\r\n•	LSE - The London Stock Exchange.\r\n\r\n\r\n\r\n•	Margin - The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n\r\n•	Margin Call - A demand for additional funds to cover positions.\r\n\r\n•	Market Marker - A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n\r\n•	Market Order - An order for immediate execution at the best available price.\r\n\r\n•	Maturity - Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n\r\n•	Models - Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n\r\n•	Monetary Policy - The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n\r\n•	Month End - Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n\r\n•	Moving Average - A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n\r\n•	MPC (Monetary Policy Committee) - The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	NASDAQ - An American stock index, which traditionally lists technology companies.\r\n\r\n•	Nikkei 225 - The primary Japanese index.\r\n\r\n•	NOK - Shorthand for the Norwegian Krone, the national currency of Norway.\r\n\r\n\r\n\r\n•	Nonfarm Payrolls - An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n\r\n•	NYSE - The New York Stock Exchange.\r\n\r\n•	Parity - When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n\r\n•	Peg - An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n\r\n•	People’s Bank of China (PBOC) - The Chinese central bank.\r\n\r\n•	Pip/Pips - The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n\r\n•	Profit Taking - The unwinding of a position to realise profits.\r\n\r\n•	PMI (Purchasing Manager’s Index) - An indicator of the economic health of the manufacturing/services sector within a country.\r\n\r\n•	Put - A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n•	Open Order - Buy or sell order that does not expire until cancelled.\r\n\r\n•	Operation Twist - A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n\r\n•	Option - A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n\r\n•	Quantitative Easing (QE) - A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n•	Range - The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n\r\n\r\n•	Rating Agency - Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n\r\n•	RBA - The Reserve Bank of Australia.\r\n\r\n•	Real Money - A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n\r\n•	Recession - A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n\r\n•	Repo - Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n\r\n•	Reserve Currency - A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n\r\n•	Resistance - Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n\r\n•	RUB - The Russian Ruble.\r\n\r\n•	S&P 500 - A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n\r\n•	Scalping/Scalper - A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n\r\n•	SEK - Shorthand for the Swedish Krona, the national currency of Sweden.\r\n\r\n•	Semi-Official name - Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n\r\n•	Short - The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n\r\n•	Short Covering/Short Squeeze - The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n\r\n\r\n\r\n\r\n•	SNB - The Swiss National Bank.\r\n\r\n•	Sovereign Rating - A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n\r\n•	Sovereign Wealth Fund - A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n\r\n•	Spot - The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n\r\n•	Spread - The difference between the bid and ask price of a currency.\r\n\r\n•	Stagflation - A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n\r\n•	STIRS - Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n\r\n•	Stop’s/Stop-loss - An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n \r\n•	Stop Order - An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n\r\n•	Straddle - Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Swissy (CHF) The Swiss Franc.\r\n\r\n•	Systematically Important Financial Institution (SIFI) - A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n•	T-Bill - Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n\r\n•	Tightening - When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n\r\n•	Toshin - Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n\r\n•	TSLF (Term Securities Lending Facility) - A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n\r\n\r\n\r\n\r\n\r\n•	TARP (Troubled Asset Relief Program) - A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n\r\n•	TALF (Term Asset-Backed Securities Loan Facility) - A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n\r\n•	Technical Analysis - A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n\r\n•	Trading Pit/Floor - The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n\r\n•	Troika - An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n\r\n•	TRL - The Turkish Lira.\r\n\r\n•	Unconvertible Currency - A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n\r\n•	Uptick - Opposite of down-tick, an increase in prices.\r\n\r\n•	USD - The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n•	Vanilla - Typically used to describe the simplest type of option. Opposite of exotic.\r\n\r\n•	Volatility - A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n\r\n•	Volatility Index (VIX) - An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n•	Yard - A common term for milliard, which denotes one thousand million.\r\n\r\n•	Yield - The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n\r\n\r\n\r\n•	Yield Curve - A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n\r\n•	Yuan (CNY) - The Chinese Yuan.\r\n\r\n•	Whipsaw - Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n\r\n•	Whisper Number - Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n•	ZEW (Centre for European Economic Research) - An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:18:23','2014-08-29 15:18:23','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4232,16,'2014-08-29 10:19:48','2014-08-29 15:19:48','<section class=\"members\">\r\n<a title =\"FX Glossary\" href=\"https://weeklyfxdrivethru.com/fx-glossary/\">FX Glossary</a><a title=\"Trading Basics\" href=\"https://weeklyfxdrivethru.com/trading-basics/\">Trading Basics</a><a title=\"Trading Strategies\" href=\"./trading-strategies/\">Trading Strategies</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a>\r\n</section>','Training Support','','inherit','open','closed','','2267-revision-v1','','','2014-08-29 10:19:48','2014-08-29 15:19:48','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4233,16,'2014-08-29 10:21:23','2014-08-29 15:21:23','<section id=\"member\">\r\n•	Appreciation - A currency is said to appreciate when its price rises.\r\n\r\n•	Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n\r\n•	Ask (Offer) - Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n\r\n•	Asset Allocation - An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n\r\n•	Aussie (AUD) - The Australian Dollar.\r\n\r\n•	Balance of Trade - Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n\r\n•	Barrier/Option Barrier - A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n\r\n•	Base Currency - The currency in which the operating results of the bank or institution are reported.\r\n\r\n•	Basel III - The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n\r\n•	Basket - A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n\r\n•	Basis Point - 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n\r\n\r\n\r\n\r\n•	Bear/Bearish - An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n\r\n•	Bid - The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n\r\n•	Bid to Cover Ratio - A measure of demand for government debt that has been auctioned. \r\n\r\n•	BIS - The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n\r\n•	BoC - The Bank of Canada. \r\n                                                   \r\n•	BoE - The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n\r\n•	BoJ - The Bank of Japan.\r\n\r\n•	BRICS - An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n\r\n•	BRL - The Brazilian Real.\r\n\r\n•	Broker - An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n\r\n•	Buba - Shortened form of Bundesbank, the German central bank.\r\n\r\n•	Bull/Bullish - An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n\r\n•	Bund - The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n\r\n\r\n\r\n•	Cable - The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n\r\n•	CAC/CAC40 - The primary French stock exchange.\r\n\r\n•	CAD - The Canadian Dollar.\r\n\r\n•	Call - A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n\r\n•	Cash Market - Market place where financial instruments are traded and delivered for immediately delivery.\r\n\r\n•	CBOT - The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n\r\n•	Confederation of British Industry (CBI) - An influential lobbying organisation for UK business on national and international issues.\r\n\r\n•	Consumer Confidence - The degree of optimism that consumers feel about the overall state of the economy.\r\n\r\n•	Central Bank - The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n\r\n•	Clearer - Market term for a large bank, the term originates from those banks that clear cheques.\r\n\r\n•	CME - The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n\r\n•	Commodity - The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n\r\n•	Corporate - A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n•	Consumer Price Index (CPI) - A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n\r\n•	Contagion - When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n\r\n\r\n•	Coupon - The interest rate payable to the holder of a bond by the issuer. \r\n\r\n•	Crawling Peg - A type of currency peg which is adjusted periodically.\r\n\r\n•	Cross Rate - An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n\r\n•	Currency Risk - The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n\r\n•	Custodial Buyers - A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n•	DAX - The primary German stock index.\r\n \r\n•	Deflation - The rate at which prices for goods and services fall.\r\n\r\n•	Depreciation - A currency is said to depreciate when its price falls.\r\n\r\n•	Derivative - A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n\r\n•	DKK - Shorthand for the Danish Krona, the national currency of Denmark.\r\n\r\n•	Double-No-Touch (DNT) - A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n\r\n•	Dove/Dovish - Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n\r\n•	Dow Jones Industrial Average - A US stock index which includes the 30 largest blue-chip companies.\r\n\r\n•	Downtick - A decrease in prices.\r\n\r\n•	EUREX - A major global derivatives exchange.\r\n\r\n•	Euribor - The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n\r\n\r\n\r\n•	Euro (EUR) - The European single currency.\r\n\r\n•	European Central Bank (ECB) - The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n\r\n•	Eurogroup - The group of finance ministers that represent the EUR-member countries.\r\n\r\n•	European Financial Stability Fund (EFSF) - The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n\r\n•	European/American Style Option - A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n\r\n•	European Union (EU) - The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n\r\n•	EUROSTOXX 50 - A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n\r\n•	Eurozone - The group of countries that use the EUR.\r\n\r\n•	Exotic - A less broadly traded currency.\r\n\r\n•	Expiry Date - The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n•	Fade/Fading - A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n\r\n•	Fast Money - A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n \r\n•	Federal Deposit Insurance Corporation (FDIC) - An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n\r\n•	Federal Reserve (Fed) - The central bank of the United States of America.\r\n\r\n\r\n\r\n•	Fibonacci retracements - A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n\r\n•	Fiscal Policy - Government budgetary policy, especially within taxation and borrowing.\r\n\r\n•	Flat/Square - Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n\r\n•	Float - A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n\r\n•	FOMC - The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	Forward - An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n\r\n•	FTSE/FTSE 100 - The primary UK stock exchange.\r\n\r\n•	Fundamental Analysis - Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n•	G7 - A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n\r\n•	G20 - A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n\r\n•	GBP - The Great British Pound.\r\n\r\n•	Gilt - Market term for government bonds issued by the UK government.\r\n\r\n•	Government Bond - A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n\r\n\r\n\r\n•	Gross Domestic Product (GDP) - Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n•	Haircut - In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n\r\n•	Handle - A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n\r\n•	Hard Currency - A currency that investors have confidence in.\r\n\r\n•	Hedge - Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n\r\n•	Hedge Fund - A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n\r\n•	Hawk/Hawkish - Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n•	IFO (Information and Forschung) - An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n\r\n•	Illiquid Market - A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n\r\n•	Inflation - The rate at which prices for goods and services rise.\r\n\r\n•	Initial Public Offering (IPO) - The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n\r\n•	INR - The Indian Rupee.\r\n\r\n•	Institute of International Finance (IIF) - The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n\r\n\r\n•	Interbank Market - The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n\r\n•	International Monetary Fund (IMF) - An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n\r\n•	Intervention - A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n\r\n•	ISM (Institute for Supply Management) - An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n•	JGB’s - Japanese government bonds.\r\n\r\n•	JPY - The Japanese Yen.\r\n\r\n•	Kampo - The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n\r\n•	Kiwi (NZD) - The New Zealand Dollar.\r\n\r\n•	LIBOR - Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n\r\n•	LIFFE (London International Financial Futures Exchange) - An association composed of the three largest future exchanges in the UK.\r\n\r\n•	Limit Order - An order to transact at a specified price or better.\r\n\r\n•	Long - The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n\r\n•	Loonie - Market term for the CAD.\r\n\r\n•	LSE - The London Stock Exchange.\r\n\r\n\r\n\r\n•	Margin - The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n\r\n•	Margin Call - A demand for additional funds to cover positions.\r\n\r\n•	Market Marker - A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n\r\n•	Market Order - An order for immediate execution at the best available price.\r\n\r\n•	Maturity - Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n\r\n•	Models - Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n\r\n•	Monetary Policy - The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n\r\n•	Month End - Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n\r\n•	Moving Average - A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n\r\n•	MPC (Monetary Policy Committee) - The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	NASDAQ - An American stock index, which traditionally lists technology companies.\r\n\r\n•	Nikkei 225 - The primary Japanese index.\r\n\r\n•	NOK - Shorthand for the Norwegian Krone, the national currency of Norway.\r\n\r\n\r\n\r\n•	Nonfarm Payrolls - An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n\r\n•	NYSE - The New York Stock Exchange.\r\n\r\n•	Parity - When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n\r\n•	Peg - An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n\r\n•	People’s Bank of China (PBOC) - The Chinese central bank.\r\n\r\n•	Pip/Pips - The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n\r\n•	Profit Taking - The unwinding of a position to realise profits.\r\n\r\n•	PMI (Purchasing Manager’s Index) - An indicator of the economic health of the manufacturing/services sector within a country.\r\n\r\n•	Put - A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n•	Open Order - Buy or sell order that does not expire until cancelled.\r\n\r\n•	Operation Twist - A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n\r\n•	Option - A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n\r\n•	Quantitative Easing (QE) - A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n•	Range - The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n\r\n\r\n•	Rating Agency - Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n\r\n•	RBA - The Reserve Bank of Australia.\r\n\r\n•	Real Money - A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n\r\n•	Recession - A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n\r\n•	Repo - Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n\r\n•	Reserve Currency - A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n\r\n•	Resistance - Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n\r\n•	RUB - The Russian Ruble.\r\n\r\n•	S&P 500 - A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n\r\n•	Scalping/Scalper - A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n\r\n•	SEK - Shorthand for the Swedish Krona, the national currency of Sweden.\r\n\r\n•	Semi-Official name - Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n\r\n•	Short - The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n\r\n•	Short Covering/Short Squeeze - The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n\r\n\r\n\r\n\r\n•	SNB - The Swiss National Bank.\r\n\r\n•	Sovereign Rating - A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n\r\n•	Sovereign Wealth Fund - A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n\r\n•	Spot - The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n\r\n•	Spread - The difference between the bid and ask price of a currency.\r\n\r\n•	Stagflation - A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n\r\n•	STIRS - Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n\r\n•	Stop’s/Stop-loss - An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n \r\n•	Stop Order - An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n\r\n•	Straddle - Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Swissy (CHF) The Swiss Franc.\r\n\r\n•	Systematically Important Financial Institution (SIFI) - A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n•	T-Bill - Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n\r\n•	Tightening - When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n\r\n•	Toshin - Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n\r\n•	TSLF (Term Securities Lending Facility) - A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n\r\n\r\n\r\n\r\n\r\n•	TARP (Troubled Asset Relief Program) - A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n\r\n•	TALF (Term Asset-Backed Securities Loan Facility) - A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n\r\n•	Technical Analysis - A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n\r\n•	Trading Pit/Floor - The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n\r\n•	Troika - An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n\r\n•	TRL - The Turkish Lira.\r\n\r\n•	Unconvertible Currency - A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n\r\n•	Uptick - Opposite of down-tick, an increase in prices.\r\n\r\n•	USD - The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n•	Vanilla - Typically used to describe the simplest type of option. Opposite of exotic.\r\n\r\n•	Volatility - A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n\r\n•	Volatility Index (VIX) - An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n•	Yard - A common term for milliard, which denotes one thousand million.\r\n\r\n•	Yield - The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n\r\n\r\n\r\n•	Yield Curve - A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n\r\n•	Yuan (CNY) - The Chinese Yuan.\r\n\r\n•	Whipsaw - Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n\r\n•	Whisper Number - Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n•	ZEW (Centre for European Economic Research) - An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:21:23','2014-08-29 15:21:23','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4234,16,'2014-08-29 10:22:25','2014-08-29 15:22:25','<section class=\"members\">\r\n•	Appreciation - A currency is said to appreciate when its price rises.\r\n\r\n•	Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n\r\n•	Ask (Offer) - Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n\r\n•	Asset Allocation - An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n\r\n•	Aussie (AUD) - The Australian Dollar.\r\n\r\n•	Balance of Trade - Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n\r\n•	Barrier/Option Barrier - A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n\r\n•	Base Currency - The currency in which the operating results of the bank or institution are reported.\r\n\r\n•	Basel III - The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n\r\n•	Basket - A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n\r\n•	Basis Point - 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n\r\n\r\n\r\n\r\n•	Bear/Bearish - An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n\r\n•	Bid - The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n\r\n•	Bid to Cover Ratio - A measure of demand for government debt that has been auctioned. \r\n\r\n•	BIS - The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n\r\n•	BoC - The Bank of Canada. \r\n                                                   \r\n•	BoE - The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n\r\n•	BoJ - The Bank of Japan.\r\n\r\n•	BRICS - An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n\r\n•	BRL - The Brazilian Real.\r\n\r\n•	Broker - An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n\r\n•	Buba - Shortened form of Bundesbank, the German central bank.\r\n\r\n•	Bull/Bullish - An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n\r\n•	Bund - The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n\r\n\r\n\r\n•	Cable - The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n\r\n•	CAC/CAC40 - The primary French stock exchange.\r\n\r\n•	CAD - The Canadian Dollar.\r\n\r\n•	Call - A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n\r\n•	Cash Market - Market place where financial instruments are traded and delivered for immediately delivery.\r\n\r\n•	CBOT - The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n\r\n•	Confederation of British Industry (CBI) - An influential lobbying organisation for UK business on national and international issues.\r\n\r\n•	Consumer Confidence - The degree of optimism that consumers feel about the overall state of the economy.\r\n\r\n•	Central Bank - The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n\r\n•	Clearer - Market term for a large bank, the term originates from those banks that clear cheques.\r\n\r\n•	CME - The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n\r\n•	Commodity - The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n\r\n•	Corporate - A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n•	Consumer Price Index (CPI) - A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n\r\n•	Contagion - When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n\r\n\r\n•	Coupon - The interest rate payable to the holder of a bond by the issuer. \r\n\r\n•	Crawling Peg - A type of currency peg which is adjusted periodically.\r\n\r\n•	Cross Rate - An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n\r\n•	Currency Risk - The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n\r\n•	Custodial Buyers - A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n•	DAX - The primary German stock index.\r\n \r\n•	Deflation - The rate at which prices for goods and services fall.\r\n\r\n•	Depreciation - A currency is said to depreciate when its price falls.\r\n\r\n•	Derivative - A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n\r\n•	DKK - Shorthand for the Danish Krona, the national currency of Denmark.\r\n\r\n•	Double-No-Touch (DNT) - A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n\r\n•	Dove/Dovish - Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n\r\n•	Dow Jones Industrial Average - A US stock index which includes the 30 largest blue-chip companies.\r\n\r\n•	Downtick - A decrease in prices.\r\n\r\n•	EUREX - A major global derivatives exchange.\r\n\r\n•	Euribor - The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n\r\n\r\n\r\n•	Euro (EUR) - The European single currency.\r\n\r\n•	European Central Bank (ECB) - The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n\r\n•	Eurogroup - The group of finance ministers that represent the EUR-member countries.\r\n\r\n•	European Financial Stability Fund (EFSF) - The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n\r\n•	European/American Style Option - A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n\r\n•	European Union (EU) - The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n\r\n•	EUROSTOXX 50 - A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n\r\n•	Eurozone - The group of countries that use the EUR.\r\n\r\n•	Exotic - A less broadly traded currency.\r\n\r\n•	Expiry Date - The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n•	Fade/Fading - A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n\r\n•	Fast Money - A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n \r\n•	Federal Deposit Insurance Corporation (FDIC) - An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n\r\n•	Federal Reserve (Fed) - The central bank of the United States of America.\r\n\r\n\r\n\r\n•	Fibonacci retracements - A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n\r\n•	Fiscal Policy - Government budgetary policy, especially within taxation and borrowing.\r\n\r\n•	Flat/Square - Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n\r\n•	Float - A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n\r\n•	FOMC - The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	Forward - An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n\r\n•	FTSE/FTSE 100 - The primary UK stock exchange.\r\n\r\n•	Fundamental Analysis - Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n•	G7 - A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n\r\n•	G20 - A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n\r\n•	GBP - The Great British Pound.\r\n\r\n•	Gilt - Market term for government bonds issued by the UK government.\r\n\r\n•	Government Bond - A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n\r\n\r\n\r\n•	Gross Domestic Product (GDP) - Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n•	Haircut - In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n\r\n•	Handle - A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n\r\n•	Hard Currency - A currency that investors have confidence in.\r\n\r\n•	Hedge - Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n\r\n•	Hedge Fund - A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n\r\n•	Hawk/Hawkish - Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n•	IFO (Information and Forschung) - An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n\r\n•	Illiquid Market - A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n\r\n•	Inflation - The rate at which prices for goods and services rise.\r\n\r\n•	Initial Public Offering (IPO) - The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n\r\n•	INR - The Indian Rupee.\r\n\r\n•	Institute of International Finance (IIF) - The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n\r\n\r\n•	Interbank Market - The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n\r\n•	International Monetary Fund (IMF) - An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n\r\n•	Intervention - A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n\r\n•	ISM (Institute for Supply Management) - An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n•	JGB’s - Japanese government bonds.\r\n\r\n•	JPY - The Japanese Yen.\r\n\r\n•	Kampo - The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n\r\n•	Kiwi (NZD) - The New Zealand Dollar.\r\n\r\n•	LIBOR - Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n\r\n•	LIFFE (London International Financial Futures Exchange) - An association composed of the three largest future exchanges in the UK.\r\n\r\n•	Limit Order - An order to transact at a specified price or better.\r\n\r\n•	Long - The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n\r\n•	Loonie - Market term for the CAD.\r\n\r\n•	LSE - The London Stock Exchange.\r\n\r\n\r\n\r\n•	Margin - The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n\r\n•	Margin Call - A demand for additional funds to cover positions.\r\n\r\n•	Market Marker - A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n\r\n•	Market Order - An order for immediate execution at the best available price.\r\n\r\n•	Maturity - Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n\r\n•	Models - Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n\r\n•	Monetary Policy - The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n\r\n•	Month End - Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n\r\n•	Moving Average - A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n\r\n•	MPC (Monetary Policy Committee) - The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n•	NASDAQ - An American stock index, which traditionally lists technology companies.\r\n\r\n•	Nikkei 225 - The primary Japanese index.\r\n\r\n•	NOK - Shorthand for the Norwegian Krone, the national currency of Norway.\r\n\r\n\r\n\r\n•	Nonfarm Payrolls - An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n\r\n•	NYSE - The New York Stock Exchange.\r\n\r\n•	Parity - When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n\r\n•	Peg - An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n\r\n•	People’s Bank of China (PBOC) - The Chinese central bank.\r\n\r\n•	Pip/Pips - The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n\r\n•	Profit Taking - The unwinding of a position to realise profits.\r\n\r\n•	PMI (Purchasing Manager’s Index) - An indicator of the economic health of the manufacturing/services sector within a country.\r\n\r\n•	Put - A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n•	Open Order - Buy or sell order that does not expire until cancelled.\r\n\r\n•	Operation Twist - A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n\r\n•	Option - A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n\r\n•	Quantitative Easing (QE) - A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n•	Range - The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n\r\n\r\n•	Rating Agency - Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n\r\n•	RBA - The Reserve Bank of Australia.\r\n\r\n•	Real Money - A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n\r\n•	Recession - A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n\r\n•	Repo - Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n\r\n•	Reserve Currency - A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n\r\n•	Resistance - Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n\r\n•	RUB - The Russian Ruble.\r\n\r\n•	S&P 500 - A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n\r\n•	Scalping/Scalper - A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n\r\n•	SEK - Shorthand for the Swedish Krona, the national currency of Sweden.\r\n\r\n•	Semi-Official name - Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n\r\n•	Short - The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n\r\n•	Short Covering/Short Squeeze - The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n\r\n\r\n\r\n\r\n•	SNB - The Swiss National Bank.\r\n\r\n•	Sovereign Rating - A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n\r\n•	Sovereign Wealth Fund - A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n\r\n•	Spot - The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n\r\n•	Spread - The difference between the bid and ask price of a currency.\r\n\r\n•	Stagflation - A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n\r\n•	STIRS - Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n\r\n•	Stop’s/Stop-loss - An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n \r\n•	Stop Order - An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n\r\n•	Straddle - Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Strike Price - In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n•	Support - The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n•	Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n•	Swissy (CHF) The Swiss Franc.\r\n\r\n•	Systematically Important Financial Institution (SIFI) - A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n•	T-Bill - Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n\r\n•	Tightening - When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n\r\n•	Toshin - Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n\r\n•	TSLF (Term Securities Lending Facility) - A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n\r\n\r\n\r\n\r\n\r\n•	TARP (Troubled Asset Relief Program) - A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n\r\n•	TALF (Term Asset-Backed Securities Loan Facility) - A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n\r\n•	Technical Analysis - A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n\r\n•	Trading Pit/Floor - The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n\r\n•	Troika - An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n\r\n•	TRL - The Turkish Lira.\r\n\r\n•	Unconvertible Currency - A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n\r\n•	Uptick - Opposite of down-tick, an increase in prices.\r\n\r\n•	USD - The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n•	Vanilla - Typically used to describe the simplest type of option. Opposite of exotic.\r\n\r\n•	Volatility - A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n\r\n•	Volatility Index (VIX) - An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n•	Yard - A common term for milliard, which denotes one thousand million.\r\n\r\n•	Yield - The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n\r\n\r\n\r\n•	Yield Curve - A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n\r\n•	Yuan (CNY) - The Chinese Yuan.\r\n\r\n•	Whipsaw - Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n\r\n•	Whisper Number - Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n•	ZEW (Centre for European Economic Research) - An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:22:25','2014-08-29 15:22:25','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4235,16,'2014-08-29 10:23:57','2014-08-29 15:23:57',' ','','','publish','open','closed','','4235','','','2017-01-09 11:02:06','2017-01-09 16:02:06','',0,'https://weeklyfxdrivethru.com/?p=4235',16,'nav_menu_item','',0),(4238,16,'2014-08-29 11:20:58','2014-08-29 16:20:58','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n<strong>BoC -</strong> The Bank of Canada. \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n<strong>BRL -</strong> The Brazilian Real.\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n<strong>GBP -</strong> The Great British Pound.\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n<strong>INR -</strong> The Indian Rupee.\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n<strong>ZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 11:20:58','2014-08-29 16:20:58','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4237,16,'2014-08-29 10:49:16','2014-08-29 15:49:16','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n<strong>BoC -</strong> The Bank of Canada. \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n<strong>BRL -</strong> The Brazilian Real.\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n<strong>Consumer Price Index (CPI) -</strong> A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n<strong>GBP -</strong> The Great British Pound.\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n<strong>INR -</strong> The Indian Rupee.\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n<strong>ZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:49:16','2014-08-29 15:49:16','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4236,16,'2014-08-29 10:40:43','2014-08-29 15:40:43','<section class=\"members\">\r\n<strong>Appreciation -</strong> A currency is said to appreciate when its price rises.\r\n\r\n<strong>Arbitrage - </strong>The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.\r\n\r\n<strong>Ask (Offer) -</strong> Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask prices are shown on the right side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be bought for 1.1750 USD.\r\n\r\n<strong>Asset Allocation -</strong> An investment practice that divides capital among different types of asset classes in order to achieve a return that is proportionate to the investor’s risk appetite.\r\n\r\n<strong>Aussie (AUD) -</strong> The Australian Dollar.\r\n\r\n<strong>Balance of Trade -</strong> Refers to the difference between a country’s value of exports and imports.  If Exports exceed Imports then a country is said to have a Trade Surplus. If a country’s value of imports is greater than its exports, then the country is said to have a Trade Deficit.\r\n\r\n<strong>Barrier/Option Barrier -</strong> A type of option, which has a specified level, which must not be broken in order for the option to be paid. This leads to the barrier being defended so the option barrier is not broken at a particular price level. \r\n\r\n<strong>Base Currency -</strong> The currency in which the operating results of the bank or institution are reported.\r\n\r\n<strong>Basel III -</strong> The latest of the three Basel accords which regulate the global banking system, with particular focus of the base capital requirements banks have to hold.\r\n\r\n<strong>Basket -</strong> A group of currencies (as opposed to one single currency) normally used to measure the exchange rate of another currency. For example the USD-index is the measure of the USD against a basket of 16 other currencies.\r\n\r\n<strong>Basis Point -</strong> 1 basis point is equivalent to 0.01% and is used to describe interest rate changes. For example, if the ECB increased interest rates to 1.50% from 1.25% this would be an increase of 25 basis points. \r\n\r\n\r\n\r\n\r\n<strong>Bear/Bearish -</strong> An investor who believes that a particular instrument or the overall market will fall in price. The opposite of Bull/Bullish.\r\n\r\n<strong>Bid - </strong>The opposite of the Ask. It is the market price for traders to sell currencies. The Bid Price is shown on the left side of a quote, e.g. EUR/USD 1.1745 / 50 denotes that one EUR can be sold for 1.1745 USD.\r\n\r\n<strong>Bid to Cover Ratio -</strong> A measure of demand for government debt that has been auctioned. \r\n\r\n<strong>BIS -</strong> The Bank for International Settlements. The role of the body is to serve central banks in their pursuit of monetary and financial stability and foster international cooperation, acting as a bank for Central Banks globally.\r\n\r\n<strong>BoC -</strong> The Bank of Canada. \r\n                                                   \r\n<strong>BoE -</strong> The Bank of England. Also referred to as the Old Lady of Threadneedle Street.\r\n\r\n<strong>BoJ -</strong> The Bank of Japan.\r\n\r\n<strong>BRICS -</strong> An acronym that refers to the countries of Brazil, Russia, India, China and South Africa, which are considered to be at a similar stage of newly, advanced economic development.\r\n\r\n<strong>BRL -</strong> The Brazilian Real.\r\n\r\n<strong>Broker -</strong> An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.\r\n\r\n<strong>Buba -</strong> Shortened form of Bundesbank, the German central bank.\r\n\r\n<strong>Bull/Bullish -</strong> An investor who believes that a particular instrument or the overall market will rise in price. The opposite of Bear/Bearish.\r\n\r\n<strong>Bund -</strong> The benchmark German 10-year government bond. The term usually refers to the futures contract based on the underlying 10-year government bond. \r\n\r\n\r\n\r\n\r\n<strong>Cable -</strong> The common name for the GBP/USD currency pair, originating from the old underwater communication cable linking the UK and USA.\r\n\r\n<strong>CAC/CAC40 -</strong> The primary French stock exchange.\r\n\r\n<strong>CAD -</strong> The Canadian Dollar.\r\n\r\n<strong>Call -</strong> A term related specifically to options, wherein Call refers to the right but not the obligation to buy an underlying asset.\r\n\r\n<strong>Cash Market -</strong> Market place where financial instruments are traded and delivered for immediately delivery.\r\n\r\n<strong>CBOT -</strong> The Chicago Board of Trade is the world’s oldest futures and options exchange, which later merged with the CME and now acts as a market maker.\r\n\r\n<strong>Confederation of British Industry (CBI) -</strong> An influential lobbying organisation for UK business on national and international issues.\r\n\r\n<strong>Consumer Confidence -</strong> The degree of optimism that consumers feel about the overall state of the economy.\r\n\r\n<strong>Central Bank -</strong> The generic name given to a country\'s primary monetary authority. For example, the Bank of England.\r\n\r\n<strong>Clearer -</strong> Market term for a large bank, the term originates from those banks that clear cheques.\r\n\r\n<strong>CME -</strong> The Chicago Mercantile Exchange, one of the largest futures and options exchanges in the world.\r\n\r\n<strong>Commodity -</strong> The trading of physical substances such as Gold and Oil, whether in the spot or derivative markets.\r\n\r\n<strong>Corporate -</strong> A multinational corporation. Large corporations use the FX markets to hedge themselves against currency risk.  For example, a company may have high revenues in USD’s but high costs in EUR’s.\r\n\r\n<strong>Consumer Price Index (CPI) -</strong> A measure of the general change in price of a fixed basket of goods and services. This is one of the most important gauges of inflation.\r\n\r\n<strong>Contagion -</strong> When a negative shock to a financial sector/system is transmitted to other healthier more sustainable sectors in an economy or country.\r\n\r\n\r\n<strong>Coupon -</strong> The interest rate payable to the holder of a bond by the issuer. \r\n\r\n<strong>Crawling Peg -</strong> A type of currency peg which is adjusted periodically.\r\n\r\n<strong>Cross Rate -</strong> An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, as most currencies are quoted against the dollar.\r\n\r\n<strong>Currency Risk -</strong> The possibility that currency depreciation will negatively affect the value of assets currently held, especially those denominated in a foreign currency.\r\n\r\n<strong>Custodial Buyers -</strong> A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.\r\n\r\n<strong>DAX - </strong>The primary German stock index.\r\n \r\n<strong>Deflation -</strong> The rate at which prices for goods and services fall.\r\n\r\n<strong>Depreciation -</strong> A currency is said to depreciate when its price falls.\r\n\r\n<strong>Derivative -</strong> A financial product whose value is derived from an underlying asset, for example Futures or Options.\r\n\r\n<strong>DKK -</strong> Shorthand for the Danish Krona, the national currency of Denmark.\r\n\r\n<strong>Double-No-Touch (DNT) -</strong> A type of option, which pre-defines a range for a specified time. For example, the owner of a 1.3000-1.3500 DNT would be paid if prices do not trade outside this range until expiry.\r\n\r\n<strong>Dove/Dovish -</strong> Dovish refers to an economic outlook, which generally supports lower interest rates. Doves take the position that lower interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>Dow Jones Industrial Average -</strong> A US stock index which includes the 30 largest blue-chip companies.\r\n\r\n<strong>Downtick -</strong> A decrease in prices.\r\n\r\n<strong>EUREX -</strong> A major global derivatives exchange.\r\n\r\n<strong>Euribor -</strong> The interest rate for inter-bank lending in EUR between the primary banks in the Eurozone. \r\n\r\n\r\n\r\n<strong>Euro (EUR) -</strong> The European single currency.\r\n\r\n<strong>European Central Bank (ECB) -</strong> The central bank created to manage monetary policy for the Eurozone.  It represents the EUR-member countries.\r\n\r\n<strong>Eurogroup -</strong> The group of finance ministers that represent the EUR-member countries.\r\n\r\n<strong>European Financial Stability Fund (EFSF) -</strong> The temporary instrument setup and funded by the European Union member countries to provide financial assistance to member countries that require it. To be replaced by the permanent European Stability Mechanism (ESM) in June 2013.\r\n\r\n<strong>European/American Style Option -</strong> A European option can only be exercised on the expiry date. Compared to an American style option, which can be exercised at any time prior to expiry.\r\n\r\n<strong>European Union (EU) -</strong> The economic association of over a dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency.\r\n\r\n<strong>EUROSTOXX 50 -</strong> A stock index containing the fifty largest European companies by weighted market capitalisation.\r\n\r\n<strong>Eurozone -</strong> The group of countries that use the EUR.\r\n\r\n<strong>Exotic -</strong> A less broadly traded currency.\r\n\r\n<strong>Expiry Date -</strong> The last day on which the holder of an option can exercise his right to buy or sell the underlying security.\r\n\r\n<strong>Fade/Fading -</strong> A trading method whereby a trader places a trade after an initial spike in prices, usually after a data release, and try’s to profit from the retracement of the initial move. \r\n\r\n<strong>Fast Money -</strong> A market term for short-term traders/scalpers who only hold a position for a very short period of time.\r\n \r\n<strong>Federal Deposit Insurance Corporation (FDIC) -</strong> An organisation that preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the financial system when a bank fails.\r\n\r\n<strong>Federal Reserve (Fed) -</strong> The central bank of the United States of America.\r\n\r\n\r\n\r\n<strong>Fibonacci retracements -</strong> A form of technical analysis, which uses the Fibonacci sequence as a basis for calculating support/resistance, levels.\r\n\r\n<strong>Fiscal Policy -</strong> Government budgetary policy, especially within taxation and borrowing.\r\n\r\n<strong>Flat/Square -</strong> Where a client has not traded in that currency or where an earlier deal is reversed, thereby creating a neutral (flat) position.\r\n\r\n<strong>Float -</strong> A currency can have its price fully determined by market forces, known as \'free-floating\' or its price can be controlled by a government/central bank, know as a \'managed float\'.\r\n\r\n<strong>FOMC -</strong> The 12-member committee from the Federal Reserve that sets US monetary policy. It holds regular meetings at which the US interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n<strong>Forward - </strong>An over-the-counter (between private parties/off the exchange) contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.\r\n\r\n<strong>FTSE/FTSE 100 -</strong> The primary UK stock exchange.\r\n\r\n<strong>Fundamental Analysis -</strong> Fundamental analysis focuses on key underlying economic and political factors to determine the direction of an instrument’s value.\r\n\r\n<strong>G7 -</strong> A group comprised of Canada, France, Germany, Italy, Japan, UK, and USA whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies.\r\n\r\n<strong>G20 -</strong> A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy.\r\n\r\n<strong>GBP -</strong> The Great British Pound.\r\n\r\n<strong>Gilt -</strong> Market term for government bonds issued by the UK government.\r\n\r\n<strong>Government Bond -</strong> A debt instrument issued by a government, through the Treasury or Debt Management Office, for a period of time with the purpose of raising capital by borrowing. A bond is a promise to repay the principal along with interest (coupons) on a specified date.\r\n\r\n<strong>Gross Domestic Product (GDP) -</strong> Measures the value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.\r\n\r\n\r\n<strong>Haircut -</strong> In lending the haircut refers to the difference between the value of a loan and the value of the collateral used to secure it.\r\n\r\n<strong>Handle -</strong> A market term for the larger denominations when quoting a financial instruments price. For example if EUR/USD moves in price from 1.4498 to 1.4502, it has traded with a \'1.44 handle\' then a \'1.45 handle\'.\r\n\r\n<strong>Hard Currency -</strong> A currency that investors have confidence in.\r\n\r\n<strong>Hedge -</strong> Taking an opposite position or trade to one that is already initiated in order to reduce risk.\r\n\r\n<strong>Hedge Fund -</strong> A specific type of investment vehicle that explicitly pursues absolute returns on underlying investments through various trading strategies.\r\n\r\n<strong>Hawk/Hawkish -</strong> Hawkish refers to an economic outlook, which generally supports higher interest rates.  Hawks take the position that higher interest rates are preferable with specific regard to inflation.\r\n\r\n<strong>IFO (Information and Forschung) -</strong> An important German economic research institute and think tank, which produces economic indicators of the German economy.\r\n\r\n<strong>Illiquid Market -</strong> A market or currency pair, which has a low volume of buy/sell, orders and prices can therefore move a disproportionally large amount.\r\n\r\n<strong>Inflation -</strong> The rate at which prices for goods and services rise.\r\n\r\n<strong>Initial Public Offering (IPO) -</strong> The first sale of stock by a formerly private company. Following which they become publicly listed on a stock exchange.\r\n\r\n<strong>INR -</strong> The Indian Rupee.\r\n\r\n<strong>Institute of International Finance (IIF) -</strong> The global association of financial institutions. It supports the financial industry in managing risks, developing best practices & standards; and in advocating regulatory, financial, and economic policies.\r\n\r\n\r\n<strong>Interbank Market -</strong> The market in which banks/financial institutions trade with each other. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions.\r\n\r\n<strong>International Monetary Fund (IMF) -</strong> An organization of 187 countries, working to foster global monetary cooperation, secure financial stability, promote high employment and sustainable economic growth.  Has moved increasingly towards providing monetary/fiscal policy advice and loans to countries undergoing crisis.\r\n\r\n<strong>Intervention -</strong> A policy tool in which a national central bank takes an active participatory role in influencing the country’s currency exchange rate. \r\n\r\n<strong>ISM (Institute for Supply Management) -</strong> An American organisation comprised of supply management professionals mainly from the manufacturing sector, which produces several American economic indicators.\r\n\r\n<strong>JGB’s -</strong> Japanese government bonds.\r\n\r\n<strong>JPY -</strong> The Japanese Yen.\r\n\r\n\r\n\r\n<strong>Kampo -</strong> The investment arm of the Japanese postal savings organisation, which focuses on overseas investments and is active in the forex markets.\r\n\r\n<strong>Kiwi (NZD) -</strong> The New Zealand Dollar.\r\n\r\n\r\n\r\n<strong>LIBOR -</strong> Short for the London Inter-Bank Offered Rate. This rate is fixed daily by the British Bankers’ Association and is the interest rate for inter-bank lending.\r\n\r\n<strong>LIFFE (London International Financial Futures Exchange) -</strong> An association composed of the three largest future exchanges in the UK.\r\n\r\n<strong>Limit Order -</strong> An order to transact at a specified price or better.\r\n\r\n<strong>Long -</strong> The position, which is in a buy direction.  In forex, the primary currency when bought is long and the other is short.\r\n\r\n<strong>Loonie -</strong> Market term for the CAD.\r\n\r\n<strong>LSE -</strong> The London Stock Exchange.\r\n\r\n\r\n\r\n<strong>Margin -</strong> The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract.\r\n\r\n<strong>Margin Call -</strong> A demand for additional funds to cover positions.\r\n\r\n<strong>Market Marker -</strong> A firm that stands ready to buy and sell a particular asset class on a regular and continuous basis at a publicly quoted price in order to enhance liquidity, used particularly in stocks of companies.\r\n\r\n<strong>Market Order -</strong> An order for immediate execution at the best available price.\r\n\r\n<strong>Maturity -</strong> Associated with fixed income markets, referring to the date at which principal or redemption payments have to be repaid to the counterparty.\r\n\r\n<strong>Models -</strong> Automated trading systems, which use quantitative algorithms to buy/sell.  Generally used by top end Hedge funds or large institutions.\r\n\r\n<strong>Monetary Policy -</strong> The actions of a central bank, currency board or other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates.\r\n\r\n<strong>Month End -</strong> Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions in. These portfolio managers usually reweigh their portfolios at the end of each month if moves were larger than anticipated.\r\n\r\n<strong>Moving Average -</strong> A basic form of technical analysis, which displays the average price of a security for a set period of time. \r\n\r\n<strong>MPC (Monetary Policy Committee) -</strong> The 9-member committee from the Bank of England sets UK monetary policy.  It holds regular meetings at which the UK interest rate is reviewed, with minutes of the meeting released to explain the views of the committee.\r\n\r\n\r\n\r\n<strong>NASDAQ - </strong>An American stock index, which traditionally lists technology companies.\r\n\r\n<strong>Nikkei 225 -</strong> The primary Japanese index.\r\n\r\n<strong>NOK -</strong> Shorthand for the Norwegian Krone, the national currency of Norway.\r\n\r\n<strong>Nonfarm Payrolls -</strong> An economic indicator that measures the change in the number of employed people during the last month of all non-farming businesses. One the primary economic indicators used for the US economy.\r\n\r\n<strong>NYSE -</strong> The New York Stock Exchange.\r\n\r\n\r\n\r\n<strong>Parity -</strong> When a currency pair trades at 1.0000 or in other words when two currencies are worth the same.\r\n\r\n<strong>Peg -</strong> An exchange rate for a currency where the government has decided to link the value to another currency or to some valuable commodity like gold.\r\n\r\n<strong>People’s Bank of China (PBOC) -</strong> The Chinese central bank.\r\n\r\n<strong>Pip/Pips -</strong> The smallest unit of price for a currency pair.  For example if EUR/USD increases in price from 1.4000 to 1.4005 it is said to have moved 5 pips.\r\n\r\n<strong>Profit Taking -</strong> The unwinding of a position to realise profits.\r\n\r\n<strong>PMI (Purchasing Manager’s Index) -</strong> An indicator of the economic health of the manufacturing/services sector within a country.\r\n\r\n<strong>Put -</strong> A term related specifically to options, wherein Put refers to the right but not the obligation to sell an underlying asset.\r\n\r\n\r\n\r\n<strong>Open Order -</strong> Buy or sell order that does not expire until cancelled.\r\n\r\n<strong>Operation Twist -</strong> A method of lowering interest rates originally used by the US Federal Reserve in the 1960’s. In practise the Fed sells short-term duration securities and buys long-term maturities in order to lower the interest rate on the 10-year note in particular, which is the benchmark for other rates such as mortgages.\r\n\r\n<strong>Option -</strong> A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. \r\n\r\n<strong>Quantitative Easing (QE) -</strong> A method of stimulating the economy by a central bank, whereby it buy assets, typically government bonds, to inject extra liquidity into the economy.  \r\n\r\n\r\n\r\n<strong>Range -</strong> The difference between the highest and lowest price of a traded asset class recorded during a specified period.\r\n\r\n<strong>Rating Agency -</strong> Independent agencies such as Moody’s, Standard & Poor’s and Fitch which assess the credit quality and likelihood of default of an issuer of debt and produce a rating to reflect this.\r\n\r\n<strong>RBA -</strong> The Reserve Bank of Australia.\r\n\r\n<strong>Real Money -</strong> A market term for institutional investors, typically large asset mangers such as pension funds or money market funds.\r\n\r\n<strong>Recession -</strong> A general slowdown in economic activity over a sustained period of time. Technically defined as two consecutive quarters of falling GDP.\r\n\r\n<strong>Repo -</strong> Shorthand for \'Repurchase Operation\' which is a contract in which a seller of securities agrees to buy them back at a specified time. \r\n\r\n<strong>Reserve Currency -</strong> A currency held by a central bank on a permanent basis as a store of international liquidity; these are normally the USD, EUR and GBP.\r\n\r\n<strong>Resistance -</strong> Resistance is a term used in technical analysis to describe a price level where selling momentum for the asset exceeds the buying momentum, forming a ceiling that blocks price movements in the upward direction.\r\n\r\n<strong>RUB -</strong> The Russian Ruble.\r\n\r\n\r\n\r\n<strong>S&P 500 -</strong> A leading American stock index, which lists the top 500 companies from the NYSE and NASDAQ.\r\n\r\n<strong>Scalping/Scalper -</strong> A trading style of holding a position for very short period of time, usually measured in seconds, and exiting after a small change in profitable price direction.\r\n\r\n<strong>SEK -</strong> Shorthand for the Swedish Krona, the national currency of Sweden.\r\n\r\n<strong>Semi-Official name -</strong> Large institutional investors that sometimes invest in forex markets at the behest of a government.\r\n\r\n<strong>Short -</strong> The opposite of \'Long\', the position, which is in a sell direction.  In forex, the primary currency when sold is short and the other is long.\r\n\r\n<strong>Short Covering/Short Squeeze -</strong> The purchase of an instrument to close out a short position. To close a position, an investor purchases the same number of assets that were sold short.\r\n\r\n<strong>SNB -</strong> The Swiss National Bank.\r\n\r\n<strong>Sovereign Rating -</strong> A measure of a country’s creditworthiness with particular focus on the ratings given by the big three rating’s agencies, Standard & Poor’s, Moody’s and Fitch.\r\n\r\n<strong>Sovereign Wealth Fund -</strong> A fund created by a country which has large foreign exchange reserves in order to manage those reserves.  For example, the China Investment Corporation.\r\n\r\n<strong>Spot -</strong> The market for immediate delivery and settlement of currencies, or the current trading price for a currency pair.\r\n\r\n<strong>Spread -</strong> The difference between the bid and ask price of a currency.\r\n\r\n<strong>Stagflation -</strong> A negative phenomenon when a country/economy experiences low growth levels and rising prices i.e. inflation during the same period.\r\n\r\n<strong>STIRS -</strong> Short-Term Interest Rate futures, which are based on the various inter-bank lending rates such as Euribor. \r\n\r\n<strong>Stop’s/Stop-loss -</strong> An order which closes an open position at a pre-determined level after the market has moved against that trade. For example, if a trader was only prepared to lose 15 pips after buying EUR/USD at 1.4530, his stop loss would be at 1.4515. \r\n \r\n<strong>Stop Order -</strong> An order to buy or to sell a currency when the currency\'s price reaches or passes a specified level.\r\n\r\n<strong>Straddle -</strong> Options strategy that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.\r\n\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n<strong>Support -</strong> The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n<strong>Strike Price -</strong> In options trading this is the fixed price at which the holder of the option is entitled to buy or sell.\r\n\r\n<strong>Support - </strong>The opposite of resistance. A term used in technical analysis to describe a price level where buying momentum for the asset exceeds the selling momentum, forming a floor that blocks future price movements in the downward direction.\r\n\r\n<strong>Swap -</strong> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. Swapping is similar to borrowing one currency and lending another for the same period.\r\n\r\n<strong>Swissy (CHF) -</strong> The Swiss Franc.\r\n\r\n<strong>Systematically Important Financial Institution (SIFI) -</strong> A financial institution whose failure may pose systemic risks to the world economy.\r\n\r\n\r\n\r\n<strong>T-Bill -</strong> Shorter-term government debt issued at a discount from par value instead of having a coupon.\r\n\r\n<strong>Tightening -</strong> When a central bank raises interest rates or otherwise conducts monetary policy in an attempt to reduce demand and curb inflation.\r\n\r\n<strong>Toshin -</strong> Japanese investment funds that focus on investing in non-domestic assets and are active in the Forex markets.\r\n\r\n<strong>TSLF (Term Securities Lending Facility) -</strong> A 28-day lending facility managed by the Federal Reserve to enhance liquidity and foster proper functioning of the financial markets. In practice larger financial institutions can receive state guaranteed Treasury collateral from offered collateral such as credit card debt.\r\n\r\n<strong>TARP (Troubled Asset Relief Program) -</strong> A programme started in October 2008 whereby the US Treasury bought illiquid assets from banks and other financial institutions, thus allowing them to stabilise their balance sheets.\r\n\r\n<strong>TALF (Term Asset-Backed Securities Loan Facility) -</strong> A programme created by the US Fed to spur consumer credit lending. The program was announced on November 25th 2008; under the TALF the Fed lent USD 1trl.\r\n\r\n<strong>Technical Analysis -</strong> A method of evaluating securities by analysing statistics generated by historical market activity. Charts and other tools are used to identify patterns that can suggest future activity.\r\n\r\n<strong>Trading Pit/Floor -</strong> The area of an exchange where trade is conducted in the old open outcry manner as opposed to electronically. \r\n\r\n<strong>Troika -</strong> An investigative body created and comprised of officials from the EU, ECB & IMF that periodically evaluate Euro-zone countries involved in bailouts.\r\n\r\n<strong>TRL -</strong> The Turkish Lira.\r\n\r\n\r\n\r\n<strong>Unconvertible Currency -</strong> A currency that cannot be exchanged for another because of foreign exchange regulations.\r\n\r\n<strong>Uptick -</strong> Opposite of down-tick, an increase in prices.\r\n\r\n<strong>USD -</strong> The United States Dollar, sometimes known as the \'Greenback\'.\r\n\r\n\r\n\r\n<strong>Vanilla -</strong> Typically used to describe the simplest type of option. Opposite of exotic.\r\n\r\n<strong>Volatility -</strong> A measure of the amount by which an asset price is expected to fluctuate over a given period. Can also be implied from futures pricing, which is referred to as implied volatility.\r\n\r\n<strong>Volatility Index (VIX) -</strong> An index measuring the implied volatility in the S&P 500 index, it is viewed as a leading forecasting tool for market behavior.\r\n\r\n\r\n\r\n<strong>Yard -</strong> A common term for milliard, which denotes one thousand million.\r\n\r\n<strong>Yield -</strong> The annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price. \r\n\r\n\r\n\r\n<strong>Yield Curve -</strong> A graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.\r\n\r\n<strong>Yuan (CNY) -</strong> The Chinese Yuan.\r\n\r\n\r\n\r\n<strong>Whipsaw -</strong> Market term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.\r\n\r\n<strong>Whisper Number -</strong> Analysts’ predictions for earnings or economic indicators, which often become known to the public despite not being formally released.\r\n\r\n\r\n<strong>\r\nZEW (Centre for European Economic Research) -</strong> An important economic research institute and think tank which produces economic indicators particularly on the German economy but also for other European nations.\r\n</section>\r\n\r\n','FX Glossary','','inherit','open','closed','','4229-revision-v1','','','2014-08-29 10:40:43','2014-08-29 15:40:43','',4229,'https://weeklyfxdrivethru.com/4229-revision-v1/',0,'revision','',0),(4239,16,'2014-08-29 11:26:00','2014-08-29 16:26:00','&nbsp;\r\n\r\n<strong>LIVE WEBINARS:</strong>\r\n\r\n&nbsp;\r\n\r\nEach Monday at 5:30PM EST, I will host a 30 minute LIVE WEBINAR... <strong>\"THE WEEKLY FX DRIVE THRU - LIVE\"</strong>\r\n\r\nThe link for the webinar is: -  <a href=\"http://bit.ly/drivethru-live\">http://bit.ly/drivethru-live</a>   (You can register at any time)\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE</span>: - For a short time the webinar can only be viewed by using the \"Google Chrome\" browser and does not support either smartphones or tablets.\r\n\r\nIn addition, the completed webinar will be uploaded to my \"YOU TUBE\" channel (Weekly Fx Drive Thru). You can watch via \"YOU TUBE\" or subscribe to my \"YOU TUBE\" channel and to receive the webinar direct to your inbox after it has been uploaded. The link to connect to my \"YOU TUBE\" channel is below: -\r\n\r\n<a href=\"https://www.youtube.com/channel/UCV-9VDnNkHjTPBzKqLqCGJw/videos\">https://www.youtube.com/channel/UCV-9VDnNkHjTPBzKqLqCGJw/videos</a>\r\n\r\n&nbsp;\r\n\r\n<strong>PRESENTATIONS and SEMINARS</strong>:\r\n\r\nJust prior to the summer of 2016, I completed a three week tour of the UK and IRELAND presenting AN INTRODUCTION TO FOREX TRADING with THE PREMIUM SERVICE. I would like to thank those of you who came along to make the presentations worthwhile.\r\n\r\nIt was my intention to repeat these presentations in 2017 in different parts of the UK. However, several key events for 2017 have already been inked into my schedule and it now impossible to fit in a series of presentations into my calendar.\r\n\r\nIt now looks as though early 2018 will be the first opportunity that I will have to travel and present.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n17th January 2017','UPCOMING LIVE EVENTS (SEMINARS / TRAINING)','','publish','open','closed','','upcoming-live-events-seminars-training','','','2017-02-15 08:40:34','2017-02-15 13:40:34','',0,'https://weeklyfxdrivethru.com/?page_id=4239',0,'page','',0),(8099,1,'2016-07-08 16:00:41','2016-07-08 21:00:41','','PREM SERV PROFITS1 09072016','','inherit','open','closed','','prem-serv-profits1-09072016','','','2016-07-09 07:02:59','2016-07-09 12:02:59','',5000,'http://weeklyfxdrivethru.com/wp-content/uploads/2016/07/PREM-SERV-PROFITS1-09072016.png',0,'attachment','image/png',0),(4241,16,'2014-08-29 11:30:14','2014-08-29 16:30:14','','INTRO TO FX AD - PREMIUM SERVICE PRESENTATIONS 092014','','inherit','open','closed','','intro-to-fx-ad-premium-service-presentations-092014','','','2014-08-29 11:30:14','2014-08-29 16:30:14','',4239,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/INTRO-TO-FX-AD-PREMIUM-SERVICE-PRESENTATIONS-092014-.pdf',0,'attachment','application/pdf',0),(4243,16,'2014-08-29 11:31:43','2014-08-29 16:31:43','','WEBINARS / LIVE EVENTS','','publish','open','closed','','4243','','','2016-12-05 11:39:21','2016-12-05 16:39:21','',0,'https://weeklyfxdrivethru.com/?p=4243',6,'nav_menu_item','',0),(5124,1,'2015-01-15 13:36:28','2015-01-15 18:36:28','<p style=\"text-align: center;\">I had to release this given today\'s marketing moving data from the SNB.\r\nIn particular, it highlights how important your Forex Broker relationship is to you.\r\nI have highlighted how it affected my trading this morning.\r\nIt is not intended as a Broker bashing article.\r\nIt is just what happened and hopefully it will resonate with you</p>\r\n\r\n<h3 style=\"text-align: center;\"><strong> YOUR CHOICE OF FOREX BROKER IS PARAMOUNT\r\nTODAYS NEWS MUST TELL YOU THIS…</strong></h3>\r\n<h3 style=\"text-align: center;\"><strong>THE SNB DROPS THE EUR/CHF PEG..\r\nTHIS WAS A ONCE IN A LIFETIME MONETARY POLICY MOVE...IT WAS HUGE\r\nTHIS TYPE OF EVENT IS WRITTEN ABOUT IN HISTORY BOOKS</strong></h3>\r\n<h3 style=\"text-align: center;\"><strong>HOW DID THIS AFFECT YOUR TRADING?\r\nHOW GOOD WAS YOUR BROKER IN DEALING WITH YOUR LIVE AND LIMIT ORDER TRADES?</strong></h3>\r\n&nbsp;\r\n\r\nWell, without doubt I think that you could this a bombshell piece of data.\r\n\r\nIt was scary, scary stuff.\r\n\r\nI am not even talking about the equity markets reaction to the news, that is for another day and scares the crap out of me. This is pure and simple the day to day stuff about how our brokers interact with us as Forex Traders.\r\n\r\nLike many traders, since this news broke I have read that the market was something like 97 out of every 100 traders who were trading in CHF related pairs were short CHF.\r\n<p style=\"text-align: center;\">i.e. Long USD/CHF, GBP/CHF, EUR/CHF etc. and short CHF/JPY</p>\r\nPrior to the news, using three different brokers I had limit orders to enter long on pullbacks with the USD/CHF and GBP/CHF.\r\n\r\nRegular readers will know that in my weekly blog, I overkill and stress the importance almost every week on RISK MANAGEMENT and POSITION SIZING. Whilst this is to me this is a normal trading approach to managing your Forex trades, with today’s type of news even with excellent stop placement in position you are at the mercy of the broker you deal with.\r\n\r\nIt is at times like these when exchange rates move over a thousand pips in what seems like seconds; and when your stop is in the first hundred pips of the move or so, that it sorts out the good and not so good brokers very quickly.\r\n\r\nLet me tell you about my experience this morning.\r\n\r\nMy exact trades were:\r\n\r\nUSD/CHF:    Enter long at 1.0125\r\nStop at 1.0050\r\n\r\nGBP/CHF:    Enter long at 1.5450\r\nStop at 1.4950\r\n\r\nIf you were trading when the news broke, you will know how crazy and volatile the markets responded to the data as it hit the wires.\r\n\r\n<strong><span style=\"text-decoration: underline;\">BROKER A: BLACKWELL GLOBAL</span></strong>\r\n\r\nClosed the USD/CHF at 1.0043 – Loss of 7 pips beyond stop\r\nClosed the GBP/CHF at 1.4515 – Loss of 435 pips beyond stop\r\n\r\n<strong><span style=\"text-decoration: underline;\">BROKER B: INVESTORS EUROPE</span></strong>\r\n\r\nClosed the USD/CHF at 1.0050 – Zero loss on stop\r\nClosed the GBP/CHF…. I actually reacted so fast I got a manual close at 1.49833 – quite remarkable when you consider what was happening – Zero loss on stop... absolutely unbelievable\r\n\r\n<strong><span style=\"text-decoration: underline;\">BROKER C: FXCM</span></strong>\r\n\r\nUSD/CHF – this trade was not with this broker\r\nGBP/CHF - My account froze for over one hour on all CHF pairs when it re-opened; they booked me a FILL on the GBP/CHF at 1.34920\r\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">This was a 1,468 pip loss beyond my stop loss</span></strong></p>\r\nNow, I live in the real world, I was expecting to be hit given the severity and volatility surrounding the news announcement. To say that it was a market moving data release would be an under-statement.\r\n\r\nAs I have said, I placed my stop, I am happy to take the hit (loss) on the stop, that was my risk to take the trade. RISK MANAGEMENT is the major part of trading. I took a major hit.\r\n\r\nSubsequent to the news, I have been in contact with FXCM and they told me that –\r\n\r\n<strong> “The moves on the CHF crosses were a result of a legitimate news announcement”</strong>\r\n\r\nWell I know that but why were you systems frozen for over an hour, when others albeit wounded still operated and were able to give trade results? No answer this question…. I am advised to complete an audit form, which, they will review in up to 5 days and come back to me. This is NOT intended as a FXCM bashing and if it comes across that way I apologise. Lets see what happens in the 5 days target FXCM have given me.\r\n\r\nI doubt that many people have heard of <strong>BLACKWELL GLOBAL</strong>, sure they had slippage but my goodness it was much less than I thought it would have been from this little know broker. I have had nothing but excellent service from this company, and, service counts.\r\n\r\nThen you have <strong>INVESTORS EUROPE</strong>…talk about 5***** STAR.\r\n\r\nI will be writing about this this weekend in my blog as I feel that especially for new traders they think that the stop that they place with their broker is the 100% line in the sand; and then budget accordingly…it is NOT.\r\n\r\nI have absolutely no doubt that some traders were wiped out today and possibly the odd broker will be in trouble, it was that severe a move.\r\n\r\nI would really like comments about how other traders feared this morning on the back of trades around the SNB news.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nWednesday 15<sup>th</sup> January 2015.\r\n\r\n<span style=\"text-decoration: underline;\">DISCLAIMER:</span>\r\nPast performance is not indicative of future results. Trading Forex carries a very high level of risk, and may not be suitable for all investors. The high degree of leverage, which varies from country to country and broker to broker, can work against you as well as for you. In the early stages of trading you should consider adopting a very low leverage until you are familiar with its effect and trading in general. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, the level of your experience, and your personal risk appetite. There is a possibility 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. Talk to and seek advice from an independent financial advisor if you have any doubts.','TODAY IS A REMINDER WHY CHOOSING THE RIGHT FOREX BROKER IS OF PARAMOUNT IMPORTANCE','','publish','open','closed','','today-reminder-choosing-right-forex-broker-paramount-importance','','','2015-01-15 13:36:28','2015-01-15 18:36:28','',0,'https://weeklyfxdrivethru.com/?p=5124',0,'post','',0),(4258,1,'2014-09-02 06:31:35','2014-09-02 11:31:35','<strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 2<sup>nd</sup> September 2014\r\nREF: #79</strong>\r\n\r\n&nbsp;\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nIt is great to be back with all the screens working and the Internet stable. First of all, I want to welcome all the subscribers to the PREMIUM SERVICE, I hope that you achieve your goals whilst subscribed and its great to see so many on 40 week subscriptions through to the end of July next year with quite a few of you opting for separate BROKER ACCOUNTS to measure the PREMIUM SERVICE performance versus your own, although I know from conversations many of you are part-time PREMIUM SERVICE only and that it just fine welcome to everyone.\r\n\r\nSince my last few communications at the end of July, nothing too much has happened in the FX market. We appear to still be pretty much range-bound, with one or two exceptions tackled later and my initial thoughts are that we are still in a buy on dips, sell into rallies environment with maybe just one or two minor exceptions.\r\n\r\nGeopolitical news looks a lot worse that the end of July and I fear that this will start to weigh in even with regards to the U.S. markets, which have in the past ignored pretty much everything.\r\n<ul>\r\n	<li>Iran getting involved with ISIS…. this starts something very interesting.</li>\r\n	<li>Russia apparently disputing border lines with troops and tanks on Ukrainian soil opens up a new chapter in this dispute. All out war looks on the cards to me and the EUROZONE will fight back with sanctions that appear to hurt EUROPE more than RUSSIA. My wife read something yesterday about 5 of the major European leaders including Merkel and Cameron being banned from Russian Airport Duty-Free purchases…ouch…wow that will hurt! (Not sure if that was true but its funny if it was).</li>\r\n</ul>\r\n<ul>\r\n	<li>The Eurozone worries appear to have gone one more step that I ever thought possible. The German Finance Minister; Schaeuble, never one to keep his trap shut appears to gave got Angela Merkel and Mario Draghi involved in a unwanted spat over ECB methods and policy. So much for ECB independence…. never believed that bulls**t anyways!</li>\r\n</ul>\r\nMoving away from Fundamental influences, the EUR/USD is toying with 1.3100 ahead of the Draghi’s circus-show on Thursday this week. The market heavily expects that the ECB will act to further ease this week. I am not 100% certain, but, having said that as I have sais many, many times in blogs and on Twitter TALK IS CHEAP and maybe now to flex his muscles against Merkel and Schaeuble our man Super Mario may well roll up his Italian designer sleeves and get stuck in.\r\n\r\nThe Cable is suffering because of a UK study that shows that the upcoming Scottish devolution vote is becoming closer as we get nearer to the date of the referendum. What was a 14% lead to stay with the rest of the UK is now down to just 8%. When you allow for marginality of error it’s almost neck and neck, hence this has spooked the GBP across the board.\r\n\r\nThe RBA held interest rates at 2.5% last night and provided similar rhetoric as in the past and the AUD/USD has fallen marginally. It will nearly always be supported as long as U.S. equities are bullish.\r\n\r\nThe Kiwi is also moving lower and I think it will only be a matter of time before we go sub 0.8300. I hate saying when not if, but these are my thoughts.\r\n\r\nAs stated earlier in this article, I do still feel it’s “a buy on the dips and sell into rallies market” at the moment. It will take me a little while to look around before I jump in trading. There are some real heavy news events this week so I will be taking my time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nUSD – ISM Manufacturing PMi\r\n\r\nCNY – Non-Manufacturing PMi\r\n\r\nAUD – GDP\r\n\r\nAUD – RBA Governor Stevens speaks\r\n\r\n&nbsp;\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9844\r\nCurrent Profit / Loss Position: +44 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7806\r\nCurrent Profit / Loss Position: -396 pips (position hedged)\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nNo set-ups with brokers at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI picked a very difficult week to get back in chair. The high beta risk events are thick and fast this week. I will hunt around the charts this morning and I will tweet any trades that I am entering or looking to set-up with limit or stop orders with brokers.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#79 - THE DAILY FX POST, Tuesday 2nd September 2014','','publish','open','closed','','79-daily-fx-post-tuesday-2nd-september-2014','','','2014-09-02 06:31:35','2014-09-02 11:31:35','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4258',0,'member_posts','',0),(4259,1,'2014-09-02 06:31:35','2014-09-02 11:31:35','<strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong>\r\n\r\n<strong>DATE: Tuesday 2<sup>nd</sup> September 2014\r\nREF: #79</strong>\r\n\r\n&nbsp;\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nIt is great to be back with all the screens working and the Internet stable. First of all, I want to welcome all the subscribers to the PREMIUM SERVICE, I hope that you achieve your goals whilst subscribed and its great to see so many on 40 week subscriptions through to the end of July next year with quite a few of you opting for separate BROKER ACCOUNTS to measure the PREMIUM SERVICE performance versus your own, although I know from conversations many of you are part-time PREMIUM SERVICE only and that it just fine welcome to everyone.\r\n\r\nSince my last few communications at the end of July, nothing too much has happened in the FX market. We appear to still be pretty much range-bound, with one or two exceptions tackled later and my initial thoughts are that we are still in a buy on dips, sell into rallies environment with maybe just one or two minor exceptions.\r\n\r\nGeopolitical news looks a lot worse that the end of July and I fear that this will start to weigh in even with regards to the U.S. markets, which have in the past ignored pretty much everything.\r\n<ul>\r\n	<li>Iran getting involved with ISIS…. this starts something very interesting.</li>\r\n	<li>Russia apparently disputing border lines with troops and tanks on Ukrainian soil opens up a new chapter in this dispute. All out war looks on the cards to me and the EUROZONE will fight back with sanctions that appear to hurt EUROPE more than RUSSIA. My wife read something yesterday about 5 of the major European leaders including Merkel and Cameron being banned from Russian Airport Duty-Free purchases…ouch…wow that will hurt! (Not sure if that was true but its funny if it was).</li>\r\n</ul>\r\n<ul>\r\n	<li>The Eurozone worries appear to have gone one more step that I ever thought possible. The German Finance Minister; Schaeuble, never one to keep his trap shut appears to gave got Angela Merkel and Mario Draghi involved in a unwanted spat over ECB methods and policy. So much for ECB independence…. never believed that bulls**t anyways!</li>\r\n</ul>\r\nMoving away from Fundamental influences, the EUR/USD is toying with 1.3100 ahead of the Draghi’s circus-show on Thursday this week. The market heavily expects that the ECB will act to further ease this week. I am not 100% certain, but, having said that as I have sais many, many times in blogs and on Twitter TALK IS CHEAP and maybe now to flex his muscles against Merkel and Schaeuble our man Super Mario may well roll up his Italian designer sleeves and get stuck in.\r\n\r\nThe Cable is suffering because of a UK study that shows that the upcoming Scottish devolution vote is becoming closer as we get nearer to the date of the referendum. What was a 14% lead to stay with the rest of the UK is now down to just 8%. When you allow for marginality of error it’s almost neck and neck, hence this has spooked the GBP across the board.\r\n\r\nThe RBA held interest rates at 2.5% last night and provided similar rhetoric as in the past and the AUD/USD has fallen marginally. It will nearly always be supported as long as U.S. equities are bullish.\r\n\r\nThe Kiwi is also moving lower and I think it will only be a matter of time before we go sub 0.8300. I hate saying when not if, but these are my thoughts.\r\n\r\nAs stated earlier in this article, I do still feel it’s “a buy on the dips and sell into rallies market” at the moment. It will take me a little while to look around before I jump in trading. There are some real heavy news events this week so I will be taking my time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nUSD – ISM Manufacturing PMi\r\n\r\nCNY – Non-Manufacturing PMi\r\n\r\nAUD – GDP\r\n\r\nAUD – RBA Governor Stevens speaks\r\n\r\n&nbsp;\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9844\r\nCurrent Profit / Loss Position: +44 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7806\r\nCurrent Profit / Loss Position: -396 pips (position hedged)\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nNo set-ups with brokers at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI picked a very difficult week to get back in chair. The high beta risk events are thick and fast this week. I will hunt around the charts this morning and I will tweet any trades that I am entering or looking to set-up with limit or stop orders with brokers.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#79 - THE DAILY FX POST, Tuesday 2nd September 2014','','inherit','open','closed','','4258-revision-v1','','','2014-09-02 06:31:35','2014-09-02 11:31:35','',4258,'https://weeklyfxdrivethru.com/4258-revision-v1/',0,'revision','',0),(4263,1,'2014-09-03 07:16:11','2014-09-03 12:16:11','<p style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></p>\r\n<strong>DATE: Wednesday 3rd September 2014\r\nREF: #80</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nWaking up this morning the news initially said that there was a ceasefire agreement in the Ukraine between Poroshenko and Putin, then I heard that a Putin spokesman denied it on the grounds that it has nothing to do with Russia it’s all an internal Ukraine issue. My God it’s like are there tanks and troops on Ukrainian soil? If so it is an invasion.\r\n\r\nBottom line this has created some moves in the Forex market and for that at least we should be grateful. Not that any of this helps the population of Ukraine.\r\n\r\nU.S. futures are up on the news of a “ceasefire” if that\'s in fact what we have, but then again U.S. equities are always up!! European markets are also very green at the moment.\r\n\r\nOil and Gold are marginally up and Copper basically flat.\r\n\r\nMy thoughts are that with the Draghi road shows on tomorrow, I think that soon we will see things come to a bit of a stop ahead of the ECB Press Conference and then we have the US Employment data on Friday.\r\n\r\nThe EUR/USD looks like it could move higher and maybe have an attempt at the GAP FILL from two weekends ago at 1.3240. From technical perspective this is what could happen, I am just not convinced. Not that a 100 pip move the day ahead of an ECB Press Conference has ever happened before, I just think there is so much Geopolitical news in the air we will just be range bound once again\r\n\r\nBig news on the agenda today is the BOC Rate statement. I am looking to get long this pair and I am once again looking at an entry level from back in June / July of around 1.0825-50.\r\n\r\nThe GBP/USD looks very heavy and although the Scottish referendum vote is weighing in I am thinking that the selling has been quite over-cooked at the moment, maybe we are due for a bounce. However, being cautious on this pair, I am waiting for the ECB news to happen and more importantly the EUR/GBP reactions first.\r\n\r\nAt the moment the AUD looks stronger and the NZD weak at the moment. 0.9350 looks like a 61.8% Fib level on the AUD/USD to get short at.\r\n\r\nOverall, I think that we have some quite large ranges in play, with the odd wedge patterns here and there, but I am not expecting fireworks. I have a lot of charts that I am looking at and I will tweet with entries in about an hour or so.\r\n\r\n<strong> </strong>\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nCAD - BOC Rate Statement and Interest Rate Decision.\r\nAUD – Retail Sales and Trade balance.\r\n\r\n&nbsp;\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9775\r\nCurrent Profit / Loss Position: -25 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7637\r\nCurrent Profit / Loss Position: -563 pips (position hedged)\r\n\r\nRT141\r\nEUR/USD\r\nShort at 1.3150\r\nStop at 1.3200\r\nLimit 1.3010\r\nPresent Price: 1.3148\r\nCurrent Profit / Loss Position: +2 pips\r\n\r\nRT142\r\nNZD/USD\r\nShort at 0.8330\r\nStop at 0.8420\r\nLimit at 0.8000\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips<strong> </strong>\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nNone in position at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI hate to say it but I do think that until tomorrow we will not see much action in the Forex market unless the Geopolitical news kicks off.\r\n\r\nThe BOC may offer up a nice quick in and out (FLASH) trade later.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#80 - THE DAILY FX POST, Wednesday 3rd September 2014 ','','inherit','open','closed','','4262-revision-v1','','','2014-09-03 07:16:11','2014-09-03 12:16:11','',4262,'https://weeklyfxdrivethru.com/4262-revision-v1/',0,'revision','',0),(4264,1,'2014-09-03 07:16:33','2014-09-03 12:16:33','<p style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></p>\r\n&nbsp;\r\n\r\n<strong>DATE: Wednesday 3rd September 2014\r\nREF: #80</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nWaking up this morning the news initially said that there was a ceasefire agreement in the Ukraine between Poroshenko and Putin, then I heard that a Putin spokesman denied it on the grounds that it has nothing to do with Russia it’s all an internal Ukraine issue. My God it’s like are there tanks and troops on Ukrainian soil? If so it is an invasion.\r\n\r\nBottom line this has created some moves in the Forex market and for that at least we should be grateful. Not that any of this helps the population of Ukraine.\r\n\r\nU.S. futures are up on the news of a “ceasefire” if that\'s in fact what we have, but then again U.S. equities are always up!! European markets are also very green at the moment.\r\n\r\nOil and Gold are marginally up and Copper basically flat.\r\n\r\nMy thoughts are that with the Draghi road shows on tomorrow, I think that soon we will see things come to a bit of a stop ahead of the ECB Press Conference and then we have the US Employment data on Friday.\r\n\r\nThe EUR/USD looks like it could move higher and maybe have an attempt at the GAP FILL from two weekends ago at 1.3240. From technical perspective this is what could happen, I am just not convinced. Not that a 100 pip move the day ahead of an ECB Press Conference has ever happened before, I just think there is so much Geopolitical news in the air we will just be range bound once again\r\n\r\nBig news on the agenda today is the BOC Rate statement. I am looking to get long this pair and I am once again looking at an entry level from back in June / July of around 1.0825-50.\r\n\r\nThe GBP/USD looks very heavy and although the Scottish referendum vote is weighing in I am thinking that the selling has been quite over-cooked at the moment, maybe we are due for a bounce. However, being cautious on this pair, I am waiting for the ECB news to happen and more importantly the EUR/GBP reactions first.\r\n\r\nAt the moment the AUD looks stronger and the NZD weak at the moment. 0.9350 looks like a 61.8% Fib level on the AUD/USD to get short at.\r\n\r\nOverall, I think that we have some quite large ranges in play, with the odd wedge patterns here and there, but I am not expecting fireworks. I have a lot of charts that I am looking at and I will tweet with entries in about an hour or so.\r\n\r\n<strong> </strong>\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nCAD - BOC Rate Statement and Interest Rate Decision.\r\nAUD – Retail Sales and Trade balance.\r\n\r\n&nbsp;\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9775\r\nCurrent Profit / Loss Position: -25 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7637\r\nCurrent Profit / Loss Position: -563 pips (position hedged)\r\n\r\nRT141\r\nEUR/USD\r\nShort at 1.3150\r\nStop at 1.3200\r\nLimit 1.3010\r\nPresent Price: 1.3148\r\nCurrent Profit / Loss Position: +2 pips\r\n\r\nRT142\r\nNZD/USD\r\nShort at 0.8330\r\nStop at 0.8420\r\nLimit at 0.8000\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips<strong> </strong>\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nNone in position at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI hate to say it but I do think that until tomorrow we will not see much action in the Forex market unless the Geopolitical news kicks off.\r\n\r\nThe BOC may offer up a nice quick in and out (FLASH) trade later.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#80 - THE DAILY FX POST, Wednesday 3rd September 2014 ','','inherit','open','closed','','4262-revision-v1','','','2014-09-03 07:16:33','2014-09-03 12:16:33','',4262,'https://weeklyfxdrivethru.com/4262-revision-v1/',0,'revision','',0),(4268,1,'2014-09-04 06:17:17','2014-09-04 11:17:17','<strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 4th September 2014\r\nREF: #81</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nBefore starting, just a quick hello and welcome to the new subscribers. I realize that I still have a hard core “Not interested in Twitter” group. Please let me know if this new format to the DAILY FX POST is good for you.\r\n\r\nIt’s a big 48 hours in the Forex market from today. The ECB Press Conference is later today and U.S. Non-Farm Payrolls at the same time tomorrow being the pick of the data on the horizon.\r\n\r\nI have been reading a lot of articles on Draghi launching Quantitative Easing, frankly I just don’t see it, but given the recent economic data from Germany I can see the case to argue for additional ECB stimulus. Having said that, I have been calling for ECB easing for months, so why now? As I have written for years now, Germany runs the EUROZONE and given the steep decline in German retail sales, plus the increasing unemployment coupled with poor consumer, business and investor confidence in the largest EUROZONE economy if Germany needs help then it would be immediate.\r\n\r\nI just can’t see Draghi sitting down behind the table and doing nothing. He must at least say that the rules are being laid out now for implementation. If Draghi merely cuts GDP and inflation forecasts once again the EUR should drop. He has other options that could also help regarding asset backed securities (ABS) purchases. Whatever happens, I just can’t see him doing nothing. We wait with bated breath.\r\n\r\n&nbsp;\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE)</strong>\r\n\r\nGBP – BOE Bank Rate and Asset Purchase Facility level decisions.\r\nEUR – ECB Interest rate decision and Press Conference.\r\nUSD – ADP Non-Farm Employment Change.\r\nCAD – Trade Balance\r\nUSD – Trade balance and ISM Non –Manufacturing PMi.\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9761\r\nCurrent Profit / Loss Position: -39 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7604\r\nCurrent Profit / Loss Position: -596 pips (position hedged)\r\n\r\nRT141\r\nEUR/USD\r\nShort at 1.3150\r\nStop at 1.3200\r\nLimit 1.3010\r\nPresent Price: 1.3126\r\nCurrent Profit / Loss Position: +24 pips\r\n\r\nRT142\r\nNZD/USD\r\nShort at 0.8330\r\nStop at 0.8420\r\nLimit at 0.8000\r\nPresent Price: 0.8321\r\nCurrent Profit / Loss Position: +9 pips<strong> </strong>\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1150\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT144\r\nGBP/USD\r\nShort at 1.6480\r\nStop at 1.6550\r\nLimit at 1.6300 (50% will be taken off table just above 1.6400)\r\n\r\nRT145\r\nAUD/USD\r\nShort at 0.9370\r\nStop at 0.9470\r\nLimit at 0.9010 (I will aim to follow lower)\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI think it is going to be quite a busy day. With Non- Farm payroll tomorrow, do not get suckered into trades to day.\r\n\r\nRemember as well as the ECB, we have U.S. and Canadian Trade balance as well ADP and ISM data.\r\n\r\nI will tweet as fast as I can my moves on the EUR/USD.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#81 - THE DAILY FX POST, Thursday 4th September 2014','','publish','open','closed','','81-daily-fx-post-thursday-4th-september-2014','','','2014-09-04 15:04:56','2014-09-04 20:04:56','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4268',0,'member_posts','',0),(4271,1,'2014-09-04 15:04:56','2014-09-04 20:04:56','<strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 4th September 2014\r\nREF: #81</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nBefore starting, just a quick hello and welcome to the new subscribers. I realize that I still have a hard core “Not interested in Twitter” group. Please let me know if this new format to the DAILY FX POST is good for you.\r\n\r\nIt’s a big 48 hours in the Forex market from today. The ECB Press Conference is later today and U.S. Non-Farm Payrolls at the same time tomorrow being the pick of the data on the horizon.\r\n\r\nI have been reading a lot of articles on Draghi launching Quantitative Easing, frankly I just don’t see it, but given the recent economic data from Germany I can see the case to argue for additional ECB stimulus. Having said that, I have been calling for ECB easing for months, so why now? As I have written for years now, Germany runs the EUROZONE and given the steep decline in German retail sales, plus the increasing unemployment coupled with poor consumer, business and investor confidence in the largest EUROZONE economy if Germany needs help then it would be immediate.\r\n\r\nI just can’t see Draghi sitting down behind the table and doing nothing. He must at least say that the rules are being laid out now for implementation. If Draghi merely cuts GDP and inflation forecasts once again the EUR should drop. He has other options that could also help regarding asset backed securities (ABS) purchases. Whatever happens, I just can’t see him doing nothing. We wait with bated breath.\r\n\r\n&nbsp;\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE)</strong>\r\n\r\nGBP – BOE Bank Rate and Asset Purchase Facility level decisions.\r\nEUR – ECB Interest rate decision and Press Conference.\r\nUSD – ADP Non-Farm Employment Change.\r\nCAD – Trade Balance\r\nUSD – Trade balance and ISM Non –Manufacturing PMi.\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9761\r\nCurrent Profit / Loss Position: -39 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7604\r\nCurrent Profit / Loss Position: -596 pips (position hedged)\r\n\r\nRT141\r\nEUR/USD\r\nShort at 1.3150\r\nStop at 1.3200\r\nLimit 1.3010\r\nPresent Price: 1.3126\r\nCurrent Profit / Loss Position: +24 pips\r\n\r\nRT142\r\nNZD/USD\r\nShort at 0.8330\r\nStop at 0.8420\r\nLimit at 0.8000\r\nPresent Price: 0.8321\r\nCurrent Profit / Loss Position: +9 pips<strong> </strong>\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1150\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT144\r\nGBP/USD\r\nShort at 1.6480\r\nStop at 1.6550\r\nLimit at 1.6300 (50% will be taken off table just above 1.6400)\r\n\r\nRT145\r\nAUD/USD\r\nShort at 0.9370\r\nStop at 0.9470\r\nLimit at 0.9010 (I will aim to follow lower)\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI think it is going to be quite a busy day. With Non- Farm payroll tomorrow, do not get suckered into trades to day.\r\n\r\nRemember as well as the ECB, we have U.S. and Canadian Trade balance as well ADP and ISM data.\r\n\r\nI will tweet as fast as I can my moves on the EUR/USD.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#81 - THE DAILY FX POST, Thursday 4th September 2014','','inherit','open','closed','','4268-revision-v1','','','2014-09-04 15:04:56','2014-09-04 20:04:56','',4268,'https://weeklyfxdrivethru.com/4268-revision-v1/',0,'revision','',0),(4269,1,'2014-09-04 06:17:03','2014-09-04 11:17:03','<strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong>\r\n\r\n<strong>DATE: Thursday 4th September 2014\r\nREF: #81</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nBefore starting, just a quick hello and welcome to the new subscribers. I realize that I still have a hard core “Not interested in Twitter” group. Please let me know if this new format to the DAILY FX POST is good for you.\r\n\r\nIt’s a big 48 hours in the Forex market from today. The ECB Press Conference is later today and U.S. Non-Farm Payrolls at the same time tomorrow being the pick of the data on the horizon.\r\n\r\nI have been reading a lot of articles on Draghi launching Quantitative Easing, frankly I just don’t see it, but given the recent economic data from Germany I can see the case to argue for additional ECB stimulus. Having said that, I have been calling for ECB easing for months, so why now? As I have written for years now, Germany runs the EUROZONE and given the steep decline in German retail sales, plus the increasing unemployment coupled with poor consumer, business and investor confidence in the largest EUROZONE economy if Germany needs help then it would be immediate.\r\n\r\nI just can’t see Draghi sitting down behind the table and doing nothing. He must at least say that the rules are being laid out now for implementation. If Draghi merely cuts GDP and inflation forecasts once again the EUR should drop. He has other options that could also help regarding asset backed securities (ABS) purchases. Whatever happens, I just can’t see him doing nothing. We wait with bated breath.\r\n\r\n&nbsp;\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE)</strong>\r\n\r\nGBP – BOE Bank Rate and Asset Purchase Facility level decisions.\r\nEUR – ECB Interest rate decision and Press Conference.\r\nUSD – ADP Non-Farm Employment Change.\r\nCAD – Trade Balance\r\nUSD – Trade balance and ISM Non –Manufacturing PMi.\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9761\r\nCurrent Profit / Loss Position: -39 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7604\r\nCurrent Profit / Loss Position: -596 pips (position hedged)\r\n\r\nRT141\r\nEUR/USD\r\nShort at 1.3150\r\nStop at 1.3200\r\nLimit 1.3010\r\nPresent Price: 1.3126\r\nCurrent Profit / Loss Position: +24 pips\r\n\r\nRT142\r\nNZD/USD\r\nShort at 0.8330\r\nStop at 0.8420\r\nLimit at 0.8000\r\nPresent Price: 0.8321\r\nCurrent Profit / Loss Position: +9 pips<strong> </strong>\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1150\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips\r\n\r\nRT144\r\nGBP/USD\r\nShort at 1.6480\r\nStop at 1.6550\r\nLimit at 1.6300 (50% will be taken off table just above 1.6400)\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips\r\n\r\nRT145\r\nAUD/USD\r\nShort at 0.9370\r\nStop at 0.9470\r\nLimit at 0.9010 (I will aim to follow lower)\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI think it is going to be quite a busy day. With Non- Farm payroll tomorrow, do not get suckered into trades to day.\r\n\r\nRemember as well as the ECB, we have U.S. and Canadian Trade balance as well ADP and ISM data.\r\n\r\nI will tweet as fast as I can my moves on the EUR/USD.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#81 - THE DAILY FX POST, Thursday 4th September 2014','','inherit','open','closed','','4268-revision-v1','','','2014-09-04 06:17:03','2014-09-04 11:17:03','',4268,'https://weeklyfxdrivethru.com/4268-revision-v1/',0,'revision','',0),(4270,1,'2014-09-04 06:17:17','2014-09-04 11:17:17','<strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Thursday 4th September 2014\r\nREF: #81</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nBefore starting, just a quick hello and welcome to the new subscribers. I realize that I still have a hard core “Not interested in Twitter” group. Please let me know if this new format to the DAILY FX POST is good for you.\r\n\r\nIt’s a big 48 hours in the Forex market from today. The ECB Press Conference is later today and U.S. Non-Farm Payrolls at the same time tomorrow being the pick of the data on the horizon.\r\n\r\nI have been reading a lot of articles on Draghi launching Quantitative Easing, frankly I just don’t see it, but given the recent economic data from Germany I can see the case to argue for additional ECB stimulus. Having said that, I have been calling for ECB easing for months, so why now? As I have written for years now, Germany runs the EUROZONE and given the steep decline in German retail sales, plus the increasing unemployment coupled with poor consumer, business and investor confidence in the largest EUROZONE economy if Germany needs help then it would be immediate.\r\n\r\nI just can’t see Draghi sitting down behind the table and doing nothing. He must at least say that the rules are being laid out now for implementation. If Draghi merely cuts GDP and inflation forecasts once again the EUR should drop. He has other options that could also help regarding asset backed securities (ABS) purchases. Whatever happens, I just can’t see him doing nothing. We wait with bated breath.\r\n\r\n&nbsp;\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE)</strong>\r\n\r\nGBP – BOE Bank Rate and Asset Purchase Facility level decisions.\r\nEUR – ECB Interest rate decision and Press Conference.\r\nUSD – ADP Non-Farm Employment Change.\r\nCAD – Trade Balance\r\nUSD – Trade balance and ISM Non –Manufacturing PMi.\r\n\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9761\r\nCurrent Profit / Loss Position: -39 pips\r\n\r\nFUN37\r\nGBP/AUD\r\nLong\r\nEntry at: 1.8200\r\nStop at: 1.7500\r\nLimit at: 1.9155 then looking very, very long term to 2.0300\r\nPresent Price: 1.7604\r\nCurrent Profit / Loss Position: -596 pips (position hedged)\r\n\r\nRT141\r\nEUR/USD\r\nShort at 1.3150\r\nStop at 1.3200\r\nLimit 1.3010\r\nPresent Price: 1.3126\r\nCurrent Profit / Loss Position: +24 pips\r\n\r\nRT142\r\nNZD/USD\r\nShort at 0.8330\r\nStop at 0.8420\r\nLimit at 0.8000\r\nPresent Price: 0.8321\r\nCurrent Profit / Loss Position: +9 pips<strong> </strong>\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1150\r\nStop at 1.1020\r\nLimit at 1.1550\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips\r\n\r\nRT144\r\nGBP/USD\r\nShort at 1.6480\r\nStop at 1.6550\r\nLimit at 1.6300 (50% will be taken off table just above 1.6400)\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips\r\n\r\nRT145\r\nAUD/USD\r\nShort at 0.9370\r\nStop at 0.9470\r\nLimit at 0.9010 (I will aim to follow lower)\r\nPresent Price: 0.8322\r\nCurrent Profit / Loss Position: +8 pips\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nI think it is going to be quite a busy day. With Non- Farm payroll tomorrow, do not get suckered into trades to day.\r\n\r\nRemember as well as the ECB, we have U.S. and Canadian Trade balance as well ADP and ISM data.\r\n\r\nI will tweet as fast as I can my moves on the EUR/USD.\r\n\r\n&nbsp;\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#81 - THE DAILY FX POST, Thursday 4th September 2014','','inherit','open','closed','','4268-revision-v1','','','2014-09-04 06:17:17','2014-09-04 11:17:17','',4268,'https://weeklyfxdrivethru.com/4268-revision-v1/',0,'revision','',0),(4272,1,'2014-09-05 05:08:17','2014-09-05 10:08:17','<p style=\"text-align: center;\"><strong>THE DAILY FX POST\r\n</strong><strong>from\r\n</strong><strong>THE PREMIUM SERVICE</strong></p>\r\n<strong>DATE: Friday 5th September 2014\r\nREF: #82\r\n</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nWow…some moves yesterday after Draghi. That was a day I did not expect and I missed out on a lot of the EUR/USD move lower, because when I banked 100 pips profit I thought that there may have been 20/30 more not another hundred! I did add and my $$$ balance banked was very good but had I not placed my stop so tight…yes…its another woulda, coulda shoulda tale!\r\n\r\nThe end result was that without doubt the volatility that had been missed from the market was now back, with vengeance.\r\n\r\nToday, we have Non-Farm Payrolls and quite honestly I am sure that the FX markets could take another pounding two days in a row. Whilst my attentions yesterday were drawn to the USD majors the EUR cross-rates in particular got crushed. So I am in the camp that we will be consolidating to work off the over-sold conditions. But, what do I know, it’s down to the banks, we could be off to the races once again.\r\n\r\nThe thing that I have noticed is that bounces have not been very strong and therefore this leads me to believe we may have some way to go lower first but it really is so difficult to say. It is only my opinion after all.\r\n\r\nYesterday afternoon in the late U.S. session the NZD/USD, AUD/USD and USD/CAD all had moves back in USD strength direction, even the AUD which had been moving higher on the back of the AUD/NZD cross-rate effect.\r\n\r\nCommon sense tells me we have to consolidate the move but it is NFP day…. anything can happen. The USD index completed a massive double bottom move yesterday, which took the EUR/USD as low as 1.2918. I tweeted yesterday that 1.2915 was the next support albeit horizontal support only, but it held. It was a big number sometime ago and has lots of support and resistance running through it.\r\n\r\nI see the following levels as key support and resistance levels today with the USD majors. The question on most people tongues is can the USD index rise in spectacular fashion two days back to back.\r\n\r\n<strong>PAIR:                                      SUPPORT                             RESISTANCE</strong>\r\n\r\n<strong>EUR/USD:                              1.2915                                    1.3000</strong>\r\n\r\nGBP/USD:                             1.6285                                    1.6400\r\n\r\n<strong>NZD/USD:                             0.8270                                    0.8350</strong>\r\n\r\n<strong>AUD/USD:                             0.9300                                    0.9420</strong>\r\n\r\n<strong>USD/CAD:                             1.0810                                     1.0910</strong>\r\n\r\n<strong>USD/JPY:                              104.75                                     105.50</strong>\r\n\r\n<strong>USD/CHF:                             0.9175                                     0.9350</strong>\r\n\r\nOvernight, despite reading of potential fireworks and alerting everyone to this it was just a consolidation of yesterdays move with a bit of EUROZONE mud-slinging thrown in for good measure.\r\n\r\n&nbsp;\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nUSD – Non-Farm Employment Change and Unemployment Rate.\r\nCAD – Employment Change, Unemployment Rate &amp; Ivey PMi.\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9672\r\nCurrent Profit / Loss Position: -128 pips\r\n(My hedge trade is back in play)\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1150\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nTake your time today.\r\n\r\nI think that next week will offer up some directional trades, and, lets be honest that is a better trading environment to trade in.\r\n\r\nIf you do trade try to keep it in line with trends, if its counter trend be very, very careful.\r\n\r\nThe Weekly FX Drive Thru blog will be published sometime tomorrow, as I tweeted late yesterday, this weekend I think that it may be prudent to look at some longer term charts to get a perspective on trade set-ups for the next few weeks given what is a real market sentiment potential move.\r\n\r\nGood Luck today.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#82 - THE DAILY FX POST, Friday 5th September 2014','','publish','open','closed','','82-daily-fx-post-friday-5th-september-2014','','','2014-09-05 05:08:17','2014-09-05 10:08:17','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4272',0,'member_posts','',0),(4273,1,'2014-09-05 05:07:54','2014-09-05 10:07:54','<p style=\"text-align: center;\"><strong>THE DAILY FX POST\r\n</strong><strong>from\r\n</strong><strong>THE PREMIUM SERVICE</strong></p>\r\n<strong>DATE: Friday 5th September 2014\r\nREF: #82\r\n</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nWow…some moves yesterday after Draghi. That was a day I did not expect and I missed out on a lot of the EUR/USD move lower, because when I banked 100 pips profit I thought that there may have been 20/30 more not another hundred! I did add and my $$$ balance banked was very good but had I not placed my stop so tight…yes…its another woulda, coulda shoulda tale!\r\n\r\nThe end result was that without doubt the volatility that had been missed from the market was now back, with vengeance.\r\n\r\nToday, we have Non-Farm Payrolls and quite honestly I am sure that the FX markets could take another pounding two days in a row. Whilst my attentions yesterday were drawn to the USD majors the EUR cross-rates in particular got crushed. So I am in the camp that we will be consolidating to work off the over-sold conditions. But, what do I know, it’s down to the banks, we could be off to the races once again.\r\n\r\nThe thing that I have noticed is that bounces have not been very strong and therefore this leads me to believe we may have some way to go lower first but it really is so difficult to say. It is only my opinion after all.\r\n\r\nYesterday afternoon in the late U.S. session the NZD/USD, AUD/USD and USD/CAD all had moves back in USD strength direction, even the AUD which had been moving higher on the back of the AUD/NZD cross-rate effect.\r\n\r\nCommon sense tells me we have to consolidate the move but it is NFP day…. anything can happen. The USD index completed a massive double bottom move yesterday, which took the EUR/USD as low as 1.2918. I tweeted yesterday that 1.2915 was the next support albeit horizontal support only, but it held. It was a big number sometime ago and has lots of support and resistance running through it.\r\n\r\nI see the following levels as key support and resistance levels today with the USD majors. The question on most people tongues is can the USD index rise in spectacular fashion two days back to back.\r\n\r\n<strong>PAIR:                                      SUPPORT                             RESISTANCE</strong>\r\n\r\n<strong>EUR/USD:                              1.2915                                    1.3000\r\n\r\nGBP/USD:                             1.6285                                    1.6400</strong>\r\n\r\n<strong>NZD/USD:                             0.8270                                    0.8350</strong>\r\n\r\n<strong>AUD/USD:                             0.9300                                    0.9420</strong>\r\n\r\n<strong>USD/CAD:                             1.0810                                     1.0910</strong>\r\n\r\n<strong>USD/JPY:                              104.75                                     105.50</strong>\r\n\r\n<strong>USD/CHF:                             0.9175                                     0.9350</strong>\r\n\r\nOvernight, despite reading of potential fireworks and alerting everyone to this it was just a consolidation of yesterdays move with a bit of EUROZONE mud-slinging thrown in for good measure.\r\n\r\n&nbsp;\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nUSD – Non-Farm Employment Change and Unemployment Rate.\r\nCAD – Employment Change, Unemployment Rate &amp; Ivey PMi.\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9672\r\nCurrent Profit / Loss Position: -128 pips\r\n(My hedge trade is back in play)\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1150\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nTake your time today.\r\n\r\nI think that next week will offer up some directional trades, and, lets be honest that is a better trading environment to trade in.\r\n\r\nIf you do trade try to keep it in line with trends, if its counter trend be very, very careful.\r\n\r\nThe Weekly FX Drive Thru blog will be published sometime tomorrow, as I tweeted late yesterday, this weekend I think that it may be prudent to look at some longer term charts to get a perspective on trade set-ups for the next few weeks given what is a real market sentiment potential move.\r\n\r\nGood Luck today.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#82 - THE DAILY FX POST, Friday 5th September 2014.','','inherit','open','closed','','4272-revision-v1','','','2014-09-05 05:07:54','2014-09-05 10:07:54','',4272,'https://weeklyfxdrivethru.com/4272-revision-v1/',0,'revision','',0),(4274,1,'2014-09-05 05:08:06','2014-09-05 10:08:06','<p style=\"text-align: center;\"><strong>THE DAILY FX POST\r\n</strong><strong>from\r\n</strong><strong>THE PREMIUM SERVICE</strong></p>\r\n<strong>DATE: Friday 5th September 2014\r\nREF: #82\r\n</strong>\r\n\r\n<strong>1. OVERVIEW – INITIAL THOUGHTS:</strong>\r\n\r\nWow…some moves yesterday after Draghi. That was a day I did not expect and I missed out on a lot of the EUR/USD move lower, because when I banked 100 pips profit I thought that there may have been 20/30 more not another hundred! I did add and my $$$ balance banked was very good but had I not placed my stop so tight…yes…its another woulda, coulda shoulda tale!\r\n\r\nThe end result was that without doubt the volatility that had been missed from the market was now back, with vengeance.\r\n\r\nToday, we have Non-Farm Payrolls and quite honestly I am sure that the FX markets could take another pounding two days in a row. Whilst my attentions yesterday were drawn to the USD majors the EUR cross-rates in particular got crushed. So I am in the camp that we will be consolidating to work off the over-sold conditions. But, what do I know, it’s down to the banks, we could be off to the races once again.\r\n\r\nThe thing that I have noticed is that bounces have not been very strong and therefore this leads me to believe we may have some way to go lower first but it really is so difficult to say. It is only my opinion after all.\r\n\r\nYesterday afternoon in the late U.S. session the NZD/USD, AUD/USD and USD/CAD all had moves back in USD strength direction, even the AUD which had been moving higher on the back of the AUD/NZD cross-rate effect.\r\n\r\nCommon sense tells me we have to consolidate the move but it is NFP day…. anything can happen. The USD index completed a massive double bottom move yesterday, which took the EUR/USD as low as 1.2918. I tweeted yesterday that 1.2915 was the next support albeit horizontal support only, but it held. It was a big number sometime ago and has lots of support and resistance running through it.\r\n\r\nI see the following levels as key support and resistance levels today with the USD majors. The question on most people tongues is can the USD index rise in spectacular fashion two days back to back.\r\n\r\n<strong>PAIR:                                      SUPPORT                             RESISTANCE</strong>\r\n\r\n<strong>EUR/USD:                              1.2915                                    1.3000</strong>\r\n\r\nGBP/USD:                             1.6285                                    1.6400\r\n\r\n<strong>NZD/USD:                             0.8270                                    0.8350</strong>\r\n\r\n<strong>AUD/USD:                             0.9300                                    0.9420</strong>\r\n\r\n<strong>USD/CAD:                             1.0810                                     1.0910</strong>\r\n\r\n<strong>USD/JPY:                              104.75                                     105.50</strong>\r\n\r\n<strong>USD/CHF:                             0.9175                                     0.9350</strong>\r\n\r\nOvernight, despite reading of potential fireworks and alerting everyone to this it was just a consolidation of yesterdays move with a bit of EUROZONE mud-slinging thrown in for good measure.\r\n\r\n&nbsp;\r\n\r\n<strong>2. KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong>\r\n\r\nUSD – Non-Farm Employment Change and Unemployment Rate.\r\nCAD – Employment Change, Unemployment Rate &amp; Ivey PMi.\r\n<strong>3. EXISTING LIVE TRADES:</strong>\r\n\r\nBoth of the FUNDAMENTAL TRADES below are hedged at 100 pip loss positions:\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9672\r\nCurrent Profit / Loss Position: -128 pips\r\n(My hedge trade is back in play)\r\n\r\n&nbsp;\r\n\r\n<strong>4. LIMIT &amp; STOP ORDERS WITH BROKERS:</strong>\r\n\r\nRT143\r\nAUD/NZD\r\nLong at 1.1150\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\n&nbsp;\r\n\r\n<strong>5. FINAL THOUGHTS:</strong>\r\n\r\nTake your time today.\r\n\r\nI think that next week will offer up some directional trades, and, lets be honest that is a better trading environment to trade in.\r\n\r\nIf you do trade try to keep it in line with trends, if its counter trend be very, very careful.\r\n\r\nThe Weekly FX Drive Thru blog will be published sometime tomorrow, as I tweeted late yesterday, this weekend I think that it may be prudent to look at some longer term charts to get a perspective on trade set-ups for the next few weeks given what is a real market sentiment potential move.\r\n\r\nGood Luck today.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<strong>6. DISCLAIMER:</strong>\r\n\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#82 - THE DAILY FX POST, Friday 5th September 2014','','inherit','open','closed','','4272-revision-v1','','','2014-09-05 05:08:06','2014-09-05 10:08:06','',4272,'https://weeklyfxdrivethru.com/4272-revision-v1/',0,'revision','',0),(4293,1,'2014-09-06 10:38:52','2014-09-06 15:38:52','<strong>\r\n</strong><span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nIt’s great to back after my summer vacation. If I found it a bit slow in the early part of last week, all those thoughts disappeared very quickly following the ECB Press Conference. All the volatility that had gone from the Forex over the past three/four months re-appeared very quickly and the moves in the EUR and GBP were huge. The EUR/USD moved over 225 pips lower, it’s biggest move in 3 years and Cable moved over 100 pips lower.\r\n\r\nI have been pretty slow getting back into trades, lots of reading and re-familiarization with charts. I was not 100% detached during August I was looking at my FUNDAMENTAL trades, which I had left open during the month, but I would not be telling the truth if I said I was in full trading mode.\r\n\r\nNon-Farm payroll was for me a little muted. As usual I had my TRADING PLAN in place but nothing really triggered. It was a little frustrating to say the least.\r\n\r\nMy feature in the BLOG this week will be taking a look at the longer-term charts. The move after Draghi’s Press Conference really took the whole market by surprise and we definitely have a sentiment shift brewing as the markets are quickly coming to the realization that the two major central banks in the world the FOMC and ECB are on divergent paths. The FOMC is looking to raise interest rates and the ECB is cutting rates, hence the strength of the USD. This realization, we as Forex Traders have been working with for months but equity traders are always the last to the party and now I think the penny has dropped! Because of this I think some charting is required.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE: – </strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nTrading activity in the first week (four days really after Labour Day) was quiet, adjusting to the market.\r\n\r\nOf the trades 5 trades that were closed during the week 4 were profitable trades yielding a nice 180 pips profit between them. The negative trade in the week, which was a loss trade of 97 pips was the longer-term FUNDAMENTAL hedged trade GBP/AUD (FUN37) which had been live from July 17<sup>th</sup> 2014. I had the chance to move the stops and my mindset switched to the ECB news instead. The cost of running two back-to-back trades was getting a little more than I had originally intended in any case.\r\n\r\nOverall single lot trades net on the four days had you been 100% mirroring my trades would have resulted in a profit banked of: -\r\n\r\nMICRO LOT TRADERS:                   $8.30*\r\nMINI LOT TRADERS:                       $83.00*\r\nSTANDARD LOT TRADERS:          $830.00*\r\n\r\n*The above is an illustrated example of the net profits available if single lot position sized trades had been undertaken on the 5 trades mentioned above with exactly the same entry and exit levels\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.3 NEWS UPDATE:</span>\r\n\r\nLater this month, I will be starting my road trip with a series of sales presentations of the WEEKLY FX DRIVE THRU / PREMIUM SERVICE seminars under the title AN INTRODUCTION TO FOREX TRADING.\r\n\r\nI will be starting with a series of presentations in Montreal, Canada as follows: -\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\"><img class=\"aligncenter size-full wp-image-4290\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\" alt=\"PREM SERV PROFITS1 06092014\" width=\"446\" height=\"415\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>USD MAJORS – LONGER TERM CHARTS:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>(SIMPLE CHART ANALYSIS)</strong></span></p>\r\nI think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves I think for the short-term at least following the huge ECB news move last Thursday we should look at areas of entry.\r\n\r\nFor those who follow me on a regular basis, you will know that I try my best at all times to keep things as simple and straightforward as possible. The charts that follow have been stripped down so that they are easy to visualize on computers, lap-tops and tablets.\r\n\r\nI have stripped out the following indicators that I used in my analysis on some of the pairs: -\r\n<ul>\r\n	<li>Multi Fibonacci level indicators (I have left only the one(s) to make my point in place.</li>\r\n	<li>Simple Moving Averages (SMAS) 50, 100 &amp; 200 day.</li>\r\n	<li>Bollinger Bands</li>\r\n	<li>Pivot Points</li>\r\n</ul>\r\nIf any of the above are included on a chart they are there for a reason, but my overriding goal was to present a very simple, clean straightforward chart.\r\n\r\nAs you know we tend to over-complicate analysis. Basically, all I am looking for are places of interest on the charts where there is buying and selling interest for me to either buy or sell back in the direction of the pair or to go countertrend as I feel that either buyers will dominate sellers or vice-versa.\r\n\r\nI hope that the charts are clean and easy to follow and not too complicated for traders new to Forex. In my opinion there is no need to over-complicate, I hope that these charts reflect this desire.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/USD:</span>\r\n\r\nWe are in a down sloping trend as seen on the monthly chart below. In one form or another I have been using this chart as the backbone of many of my EUR/USD decisions.\r\n\r\nI entered short yesterday after Non-Farm Payrolls were released a 1.2979.\r\n\r\nLooking at the chart using the 1.2020 lows last year to the 1.3966 highs in May of this year, as you can see we are now moving back in the direction of the trend. Given the change in monetary policy from the ECB it is the intention of the ECB to drive the value of the EUR lower. It will NOT be a straight line down and at this stage nobody knows what levels the ECB are aiming at. There will be umpteen different views on this point. For now given what I know and what I have read the ECB is NOT embarking on this policy shift for 200/300 pips, I would think they have a 1.2000 in mind at least. The 61.8% retracement level of 1.2764 looks to be an initial target worth aiming for, and, my bias on this pair is short.\r\n\r\nIf you follow my on the PREMIUM SERVICE you will get my thoughts as this trade develops over the coming weeks and months.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014-1024x536.png\" alt=\"EURUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/USD:</span>\r\n\r\nThe Scottish Referendum later this month has a cloud hanging over the cable. Whilst the trend is definitely lower, polls are going to come thick and fast as time moves forward and any new poll suggesting that the vote has increased to stay in the UK will no doubt be met with a severe bounce in the GBP.\r\n\r\nThe pair, right now, is well oversold and a bounce would in no way be surprising but the referendum vote is dominating right now. The next support level is at 1.6218, which is only horizontal support; if you wanted to try a long trade this may be a reasonable place with a tight stop. For me, I am more inclined to trade the EUR/GBP short instead.\r\n\r\nThe EUR direction is pretty safe and should the cable bounce this will add to the EUR/GBP short pressure. If pushed, my bias on this pair is short, but for now I am staying away because of higher risk.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014-1024x536.png\" alt=\"GBPUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">AUD/USD:</span>\r\n\r\nI posted this chart earlier this week and although a day or two has passed since it’s posting the comments have remained valid. This pair is holding up very well and the cross-rate NZD/AUD is very strong keeping the AUD/USD elevated. I am looking at the range being 0.9300 to 0.9500.\r\n\r\nIf you are a cautious trader like me you may want to see it top first before moving. Looking at target levels on the AUD/NZD, a while back I was long that pair with a level of 1.1350 as my goal. I am no longer in that pair but given recent moves that objective would in my opinion co-inside with 0.9450 on the AUD/USD. My AUD/NZD analysis is now for a move above 1.1350. Therefore the cautious trader in me would be looking at 0.9500 (This is a fib and there is some horizontal support visible on the chart) as the stronger entry short with this pair. That is what I am thinking at the moment. At the back of my mind if this pair breaks 0.9500, there is nothing stopping it until 0.9700. Glenn Stevens and RBA would have a fit at those levels. I have no bias on this pair at these levels.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014-1024x536.png\" alt=\"AUDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">NZD/USD:</span>\r\n\r\nTrading very heavy of late and the cross-rate AUD/NZD reflects the comparison between the AUD and NZD currencies. This pair got a nice bump up on the back of Non-Farm payrolls, which is giving an opportunity to enter short. During the week just gone 0.8330 to 0.8350 were good resistance points and contained this pair. Beyond 0.8350, there is Fibonacci resistance sitting at 0.8420. Support is good at 0.8270, which is the recent low just beyond the 50% Fibonacci level of 0.8285. My bias on this pair is short.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014-1024x536.png\" alt=\"NZDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CAD:</span>\r\n\r\nThis pair is looking more and more choppy to me. The big range is 1.0800 to 1.1000. Inside of this range we are pushing and pulling within 1.0850 to 1.0910. A break of this mini-range should set up a nice short-term one or two day trade in my opinion. The chart is maybe too easy to follow…this always worries me!!\r\n\r\nMy bias is more to the long side.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART.png\"><img class=\"aligncenter size-large wp-image-4278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART-1024x536.png\" alt=\"USDCAD DAILY CHART 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CHF:</span>\r\n\r\nI want to get long this pair. Now that I wrote that I need to see it hit support at 0.9175 first. Whilst many people are focused on this pair having an inverted relationship with the EUR/USD, I am also looking at the SNB to see if they will copy the ECB and be called into action and copy negative overnight bank deposit rates. This pair is worth keeping on your radar. I would not be surprised to see move back towards 0.9650 and maybe beyond. My bias is to the long side.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014-1024x536.png\" alt=\"USDCHF MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/JPY:</span>\r\n\r\nRegular followers will know that this is not my favourite pair to trade, in fact I do whatever I can to avoid it. If it weren’t for the fact that I have a few on-going jokes with one or two subscribers of the PREMIUM SERVICE I would not even discuss it.\r\nMoving on… 105.30 to 105.50 is an area of confluences of horizontal support and Fibonacci levels. There are other fib levels in this area but to keep the charts clean so that you can follow I took them away from the final print. This is therefore a great area to short from. The pair pushed through taking stops to 105.70 and was whacked back down. Support around 104.50 to 104.70 from last week looks to be the bottom side of the range. No bias on this pair.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014-1024x536.png\" alt=\"USDJPY MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a><strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>4. TRADER TOPICS:</strong></span>\r\n\r\n<strong>TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</strong>\r\n\r\n&nbsp;\r\n\r\nMany traders find it stressful getting back into trading after taking a break due to vacation or time of year etc. This is NOT unusual, especially after coming back after a long vacation away from the markets.\r\n\r\nIt is very easy to be overwhelmed by all events and let the stress of the occasion take hold and mistakes can be made.\r\n\r\nHere are a few tips: -\r\n<ol>\r\n	<li>TAKE YOUR TIME TO CATCH UP:</li>\r\n</ol>\r\nThere is no easy way. But you need to read extensively what has happened over the past 7 -10 days. Only by doing this will it give you the overview that you need. Do NOT make the mistake of assuming that the currency pairs that you’re trading are reacting to all the same market themes and will stay within their average trading ranges.\r\n\r\nYou do not need to do an overkill of a FULL MARKET analysis and currency pair by pair charting analysis. Pick a few pairs and gather the other news as you go along.\r\n\r\nHere is my approach: I follow up on AUD/USD, USD/CAD and NZD/USD news and charts and then I move to other pairs after these.\r\n<ol start=\"2\">\r\n	<li>PREPARE FOR and PLAN YOUR FIRST WEEK BACK:</li>\r\n</ol>\r\nThis just makes so much common sense.\r\n\r\nList out the news items for you initial currency pairs, give yourself time to read and evaluate the charts and articles. This allows you to calm nerves and provide greater confidence and it will reduce stress.\r\n\r\nThe biggest mistake is to jump in and trade immediately without the research. Go back to your TRADING PLAN and look at the set-ups you have. You can never do too much preparation. You gain so much confidence if your first two or three trades back from vacation are good ones. It’s all about timing and picking your trades and entries in line with the disciplines that you have contained within your TRADING PLAN. They are there for a reason…use them.\r\n<ol start=\"3\">\r\n	<li>TRANSITION YOUR TRADING UP TO FULL SPEED:</li>\r\n</ol>\r\nYou may have it written into your TRADING PLAN that upon a return from vacation that your trade sizes for the first week are 50% of normal size and that your risk parameters / tolerances are now only 2% instead of 3%.\r\n\r\nThese are all great ideas to help you ease back into the chair and are worthy of consideration. Remember, the goal of Forex Trading is consistency and longevity.\r\n\r\nYou may even to decide to trade reduced hours for your first week back.\r\n\r\nI hope that the tips above tips are of some use to help get you back on track after a long vacation away from the markets.\r\n\r\n<strong> </strong>\r\n\r\n<strong>5. MY CURRENT LIVE TRADES:</strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry: 1.2979\r\nStop Loss: 1.3030\r\nLimit / Target: 1.2760\r\nWeekly Closing Price: 1.2950\r\nPosition: +29 pips\r\n\r\nFT167\r\nUSD/CAD\r\nLong\r\nEntry: 1.0882\r\nStop Loss: 1.0856\r\nLimit / Target: 1.0990\r\nWeekly Closing Price: 1.0879\r\nPosition: -3 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nNone live at this time.\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9800\r\nStop Loss: 1.9000\r\nLimit / Target: 2.2350\r\nWeekly Closing Price: 1.9588\r\nPosition: -212 pips\r\n(This pair is currently hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n\r\n<strong> 6<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>TRADES THAT ARE ON MY RADAR:</strong></span>\r\n\r\nMost of the following trades refer to the charts earlier in blog with some additions. All are already placed with my brokers.\r\n\r\nRT143 (THIS IS AN AMENDED ENTRY PRICE)\r\nAUD/NZD\r\nLong at 1.1180\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9500\r\nStop at 0.9580\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8350\r\nStop at 0.8420\r\nLimit at 0.8150\r\n\r\nRT148\r\nEUR/GBP\r\nShort at 0.7800\r\nStop at 0.8050\r\nLimit at 0.7600\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9180\r\nStop at 0.9140\r\nLimit at 0.9580\r\n\r\nRT150\r\nGBP/CHF\r\nLong at 1.5100\r\nStop at 1.5020\r\nLimit at1.5370\r\n\r\n<strong> </strong>\r\n\r\n<strong> 7<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2950.</strong> I wonder what the reaction in this pair would have been if the Non-Farm numbers yesterday had been blowout numbers? At it was they weren’t and we really didn’t do much for all the fustering about that went on, in fact the range for the day was a mere 67 pips, compared with over 225 the day before. I do think that this pair is heading lower and for the immediate couple of sessions into the week 1.2915 and 1.3000 should be treated as the range.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6297</strong>. Very similar to the EUR/USD, after the shenanigans of Thursday a rather muted 63 pip range yesterday. The referendum in Scotland on whether to remain in the UK or leave is hanging over the cable like “The Sword of Damocles”. I am staying clear of cable until the vote is done as every poll on voting intentions affects the pair directly and holding the pair is risky. If you have the ability to take on a high risk strategy and want to take on high over the next few sessions I see 1.6250 to 1.6400 being the range.\r\n\r\n<strong>AUD/USD: Closing Price 0.9378</strong>. This pair is well bid primarily due to the cross-rate effect of the AUD/NZD, which is very elevated at the moment. I am looking at 0.9300 to 0.9500 as the range. However, within this range we see good support and resistance at 0.9330 and 0.9440.\r\n\r\n<strong>NZD/USD: Closing Price 0.8317</strong>. The RBNZ has it’s interest rate decision on Wednesday and good old Graeme “Whichever way the wind blows” Wheeler will stepping out with his press conference. I think it will be the usual “do as I say not as I do” speech. In any event rate rises are out of the question now and I think that he will refer to exchange rates being abnormally high or words to that effect. The range that interests me is 0.8268 to 0.8400.\r\n\r\n<strong>USD/CAD: Closing Price 1.0879.</strong> This pair I accidentally pressed yes to a trade to enter long yesterday. The Scott “Finger of an anxious Trader” rather Maradona’s “Hand of God” got me into my long trade. Now I am bullish on the pair but like the Aussie it is contained within two ranges 1.0810 to 1.1000 being the outer range and 1.0850 to 1.0910 being the levels to concern us over the next few sessions.<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9295</strong>. I am really hyped on whether the SNB will act on the back of ECB negative rates. The EUR/CHF is hovering above 1.2050 and I think any major geopolitical news that concerns Europe will drive this pair lower and I suspect that the SNB will act to defend the EUR/CHF floor of 1.2000. The result is that every CHF pair benefits. I am looking to enter long on a pullback as even if the SNB does not act the inverted relationship that the USD/CHF has with the EUR/USD means that this pair should break higher anyhow. My preferred entry level is 0.9180 and resistance for now is at 0.9350.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 104.70. </strong>The range for this pair is 104.50 to 105.50. Dare I say it but if this pair breaks through 105.70 and I may get long looking for a move to 112.00.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>8. MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span>\r\n\r\nI have received a few emails from subscribers of the PREMIUM SERVICE asking me to place this in the WEEKLY FX DRIVE THRU. (I have tweeted it several times recently)\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nAUD/USD\r\nUSD/CHF\r\nAUD/JPY\r\nAUD/CAD\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nEUR/GBP\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/AUD\r\nGBP/AUD\r\nEUR/CHF\r\n\r\n<strong> </strong>\r\n\r\n<strong> 9<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: GBP – Inflation Report Hearings.\r\n\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement and Press Conference.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: USD – Core Retail Sales and Retail Sales\r\n\r\n<strong> </strong>\r\n\r\n<strong>10. FINAL THOUGHTS:</strong>\r\n\r\nLots of things to consider for next week, I am really hoping that with the FED and ECB on divergent monetary policies we will see the USD come into its own and really start to move. The benefit of this should be directional trading. I may be hoping too much with this, but right now to me, it is obvious. Lets hope that I am correct; we have not had directional trading for quite sometime. If equities start to pullback as well it will be 24x5 trading.\r\n\r\nNo mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 6th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;','SIMPLE LONGER-TERM CHART ANALYSIS ON THE USD MAJORS ','','publish','open','closed','','simple-longer-term-chart-analysis-usd-majors','','','2014-09-06 10:38:52','2014-09-06 15:38:52','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4293',0,'member_posts','',0),(4294,1,'2014-09-06 10:36:49','2014-09-06 15:36:49','<strong>\r\n</strong><span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nIt’s great to back after my summer vacation. If I found it a bit slow in the early part of last week, all those thoughts disappeared very quickly following the ECB Press Conference. All the volatility that had gone from the Forex over the past three/four months re-appeared very quickly and the moves in the EUR and GBP were huge. The EUR/USD moved over 225 pips lower, it’s biggest move in 3 years and Cable moved over 100 pips lower.\r\n\r\nI have been pretty slow getting back into trades, lots of reading and re-familiarization with charts. I was not 100% detached during August I was looking at my FUNDAMENTAL trades, which I had left open during the month, but I would not be telling the truth if I said I was in full trading mode.\r\n\r\nNon-Farm payroll was for me a little muted. As usual I had my TRADING PLAN in place but nothing really triggered. It was a little frustrating to say the least.\r\n\r\nMy feature in the BLOG this week will be taking a look at the longer-term charts. The move after Draghi’s Press Conference really took the whole market by surprise and we definitely have a sentiment shift brewing as the markets are quickly coming to the realization that the two major central banks in the world the FOMC and ECB are on divergent paths. The FOMC is looking to raise interest rates and the ECB is cutting rates, hence the strength of the USD. This realization, we as Forex Traders have been working with for months but equity traders are always the last to the party and now I think the penny has dropped! Because of this I think some charting is required.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE: – </strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nTrading activity in the first week (four days really after Labour Day) was quiet, adjusting to the market.\r\n\r\nOf the trades 5 trades that were closed during the week 4 were profitable trades yielding a nice 180 pips profit between them. The negative trade in the week, which was a loss trade of 97 pips was the longer-term FUNDAMENTAL hedged trade GBP/AUD (FUN37) which had been live from July 17<sup>th</sup> 2014. I had the chance to move the stops and my mindset switched to the ECB news instead. The cost of running two back-to-back trades was getting a little more than I had originally intended in any case.\r\n\r\nOverall single lot trades net on the four days had you been 100% mirroring my trades would have resulted in a profit banked of: -\r\n\r\nMICRO LOT TRADERS:                   $8.30*\r\nMINI LOT TRADERS:                       $83.00*\r\nSTANDARD LOT TRADERS:          $830.00*\r\n\r\n*The above is an illustrated example of the net profits available if single lot position sized trades had been undertaken on the 5 trades mentioned above with exactly the same entry and exit levels\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.3 NEWS UPDATE:</span>\r\n\r\nLater this month, I will be starting my road trip with a series of sales presentations of the WEEKLY FX DRIVE THRU / PREMIUM SERVICE seminars under the title AN INTRODUCTION TO FOREX TRADING.\r\n\r\nI will be starting with a series of presentations in Montreal, Canada as follows: -\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\"><img class=\"aligncenter size-full wp-image-4290\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\" alt=\"PREM SERV PROFITS1 06092014\" width=\"446\" height=\"415\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>USD MAJORS – LONGER TERM CHARTS:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>(SIMPLE CHART ANALYSIS)</strong></span></p>\r\nI think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves I think for the short-term at least following the huge ECB news move last Thursday we should look at areas of entry.\r\n\r\nFor those who follow me on a regular basis, you will know that I try my best at all times to keep things as simple and straightforward as possible. The charts that follow have been stripped down so that they are easy to visualize on computers, lap-tops and tablets.\r\n\r\nI have stripped out the following indicators that I used in my analysis on some of the pairs: -\r\n<ul>\r\n	<li>Multi Fibonacci level indicators (I have left only the one(s) to make my point in place.</li>\r\n	<li>Simple Moving Averages (SMAS) 50, 100 &amp; 200 day.</li>\r\n	<li>Bollinger Bands</li>\r\n	<li>Pivot Points</li>\r\n</ul>\r\nIf any of the above are included on a chart they are there for a reason, but my overriding goal was to present a very simple, clean straightforward chart.\r\n\r\nAs you know we tend to over-complicate analysis. Basically, all I am looking for are places of interest on the charts where there is buying and selling interest for me to either buy or sell back in the direction of the pair or to go countertrend as I feel that either buyers will dominate sellers or vice-versa.\r\n\r\nI hope that the charts are clean and easy to follow and not too complicated for traders new to Forex. In my opinion there is no need to over-complicate, I hope that these charts reflect this desire.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/USD:</span>\r\n\r\nWe are in a down sloping trend as seen on the monthly chart below. In one form or another I have been using this chart as the backbone of many of my EUR/USD decisions.\r\n\r\nI entered short yesterday after Non-Farm Payrolls were released a 1.2979.\r\n\r\nLooking at the chart using the 1.2020 lows last year to the 1.3966 highs in May of this year, as you can see we are now moving back in the direction of the trend. Given the change in monetary policy from the ECB it is the intention of the ECB to drive the value of the EUR lower. It will NOT be a straight line down and at this stage nobody knows what levels the ECB are aiming at. There will be umpteen different views on this point. For now given what I know and what I have read the ECB is NOT embarking on this policy shift for 200/300 pips, I would think they have a 1.2000 in mind at least. The 61.8% retracement level of 1.2764 looks to be an initial target worth aiming for, and, my bias on this pair is short.\r\n\r\nIf you follow my on the PREMIUM SERVICE you will get my thoughts as this trade develops over the coming weeks and months.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014-1024x536.png\" alt=\"EURUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/USD:</span>\r\n\r\nThe Scottish Referendum later this month has a cloud hanging over the cable. Whilst the trend is definitely lower, polls are going to come thick and fast as time moves forward and any new poll suggesting that the vote has increased to stay in the UK will no doubt be met with a severe bounce in the GBP.\r\n\r\nThe pair, right now, is well oversold and a bounce would in no way be surprising but the referendum vote is dominating right now. The next support level is at 1.6218, which is only horizontal support; if you wanted to try a long trade this may be a reasonable place with a tight stop. For me, I am more inclined to trade the EUR/GBP short instead.\r\n\r\nThe EUR direction is pretty safe and should the cable bounce this will add to the EUR/GBP short pressure. If pushed, my bias on this pair is short, but for now I am staying away because of higher risk.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014-1024x536.png\" alt=\"GBPUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">AUD/USD:</span>\r\n\r\nI posted this chart earlier this week and although a day or two has passed since it’s posting the comments have remained valid. This pair is holding up very well and the cross-rate NZD/AUD is very strong keeping the AUD/USD elevated. I am looking at the range being 0.9300 to 0.9500.\r\n\r\nIf you are a cautious trader like me you may want to see it top first before moving. Looking at target levels on the AUD/NZD, a while back I was long that pair with a level of 1.1350 as my goal. I am no longer in that pair but given recent moves that objective would in my opinion co-inside with 0.9450 on the AUD/USD. My AUD/NZD analysis is now for a move above 1.1350. Therefore the cautious trader in me would be looking at 0.9500 (This is a fib and there is some horizontal support visible on the chart) as the stronger entry short with this pair. That is what I am thinking at the moment. At the back of my mind if this pair breaks 0.9500, there is nothing stopping it until 0.9700. Glenn Stevens and RBA would have a fit at those levels. I have no bias on this pair at these levels.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014-1024x536.png\" alt=\"AUDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">NZD/USD:</span>\r\n\r\nTrading very heavy of late and the cross-rate AUD/NZD reflects the comparison between the AUD and NZD currencies. This pair got a nice bump up on the back of Non-Farm payrolls, which is giving an opportunity to enter short. During the week just gone 0.8330 to 0.8350 were good resistance points and contained this pair. Beyond 0.8350, there is Fibonacci resistance sitting at 0.8420. Support is good at 0.8270, which is the recent low just beyond the 50% Fibonacci level of 0.8285. My bias on this pair is short.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014-1024x536.png\" alt=\"NZDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CAD:</span>\r\n\r\nThis pair is looking more and more choppy to me. The big range is 1.0800 to 1.1000. Inside of this range we are pushing and pulling within 1.0850 to 1.0910. A break of this mini-range should set up a nice short-term one or two day trade in my opinion. The chart is maybe too easy to follow…this always worries me!!\r\n\r\nMy bias is more to the long side.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART.png\"><img class=\"aligncenter size-large wp-image-4278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART-1024x536.png\" alt=\"USDCAD DAILY CHART 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CHF:</span>\r\n\r\nI want to get long this pair. Now that I wrote that I need to see it hit support at 0.9175 first. Whilst many people are focused on this pair having an inverted relationship with the EUR/USD, I am also looking at the SNB to see if they will copy the ECB and be called into action and copy negative overnight bank deposit rates. This pair is worth keeping on your radar. I would not be surprised to see move back towards 0.9650 and maybe beyond. My bias is to the long side.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014-1024x536.png\" alt=\"USDCHF MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/JPY:</span>\r\n\r\nRegular followers will know that this is not my favourite pair to trade, in fact I do whatever I can to avoid it. If it weren’t for the fact that I have a few on-going jokes with one or two subscribers of the PREMIUM SERVICE I would not even discuss it.\r\nMoving on… 105.30 to 105.50 is an area of confluences of horizontal support and Fibonacci levels. There are other fib levels in this area but to keep the charts clean so that you can follow I took them away from the final print. This is therefore a great area to short from. The pair pushed through taking stops to 105.70 and was whacked back down. Support around 104.50 to 104.70 from last week looks to be the bottom side of the range. No bias on this pair.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014-1024x536.png\" alt=\"USDJPY MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a><strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>4. TRADER TOPICS:</strong></span>\r\n\r\n<strong>TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</strong>\r\n\r\n&nbsp;\r\n\r\nMany traders find it stressful getting back into trading after taking a break due to vacation or time of year etc. This is NOT unusual, especially after coming back after a long vacation away from the markets.\r\n\r\nIt is very easy to be overwhelmed by all events and let the stress of the occasion take hold and mistakes can be made.\r\n\r\nHere are a few tips: -\r\n<ol>\r\n	<li>TAKE YOUR TIME TO CATCH UP:</li>\r\n</ol>\r\nThere is no easy way. But you need to read extensively what has happened over the past 7 -10 days. Only by doing this will it give you the overview that you need. Do NOT make the mistake of assuming that the currency pairs that you’re trading are reacting to all the same market themes and will stay within their average trading ranges.\r\n\r\nYou do not need to do an overkill of a FULL MARKET analysis and currency pair by pair charting analysis. Pick a few pairs and gather the other news as you go along.\r\n\r\nHere is my approach: I follow up on AUD/USD, USD/CAD and NZD/USD news and charts and then I move to other pairs after these.\r\n<ol start=\"2\">\r\n	<li>PREPARE FOR and PLAN YOUR FIRST WEEK BACK:</li>\r\n</ol>\r\nThis just makes so much common sense.\r\n\r\nList out the news items for you initial currency pairs, give yourself time to read and evaluate the charts and articles. This allows you to calm nerves and provide greater confidence and it will reduce stress.\r\n\r\nThe biggest mistake is to jump in and trade immediately without the research. Go back to your TRADING PLAN and look at the set-ups you have. You can never do too much preparation. You gain so much confidence if your first two or three trades back from vacation are good ones. It’s all about timing and picking your trades and entries in line with the disciplines that you have contained within your TRADING PLAN. They are there for a reason…use them.\r\n<ol start=\"3\">\r\n	<li>TRANSITION YOUR TRADING UP TO FUILL SPEED:</li>\r\n</ol>\r\nYou may have it written into your TRADING PLAN that upon a return from vacation that your trade sizes for the first week are 50% of normal size and that your risk parameters / tolerances are now only 2% instead of 3%.\r\n\r\nThese are all great ideas to help you ease back into the chair and are worthy of consideration. Remember, the goal of Forex Trading is consistency and longevity.\r\n\r\nYou may even to decide to trade reduced hours for your first week back.\r\n\r\nI hope that the tips above tips are of some use to help get you back on track after a long vacation away from the markets.\r\n\r\n<strong> </strong>\r\n\r\n<strong>5. MY CURRENT LIVE TRADES:</strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry: 1.2979\r\nStop Loss: 1.3030\r\nLimit / Target: 1.2760\r\nWeekly Closing Price: 1.2950\r\nPosition: +29 pips\r\n\r\nFT167\r\nUSD/CAD\r\nLong\r\nEntry: 1.0882\r\nStop Loss: 1.0856\r\nLimit / Target: 1.0990\r\nWeekly Closing Price: 1.0879\r\nPosition: -3 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nNone live at this time.\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9800\r\nStop Loss: 1.9000\r\nLimit / Target: 2.2350\r\nWeekly Closing Price: 1.9588\r\nPosition: -212 pips\r\n(This pair is currently hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n\r\n<strong> 6<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>TRADES THAT ARE ON MY RADAR:</strong></span>\r\n\r\nMost of the following trades refer to the charts earlier in blog with some additions. All are already placed with my brokers.\r\n\r\nRT143 (THIS IS AN AMENDED ENTRY PRICE)\r\nAUD/NZD\r\nLong at 1.1180\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9500\r\nStop at 0.9580\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8350\r\nStop at 0.8420\r\nLimit at 0.8150\r\n\r\nRT148\r\nEUR/GBP\r\nShort at 0.7800\r\nStop at 0.8050\r\nLimit at 0.7600\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9180\r\nStop at 0.9140\r\nLimit at 0.9580\r\n\r\nRT150\r\nGBP/CHF\r\nLong at 1.5100\r\nStop at 1.5020\r\nLimit at1.5370\r\n\r\n<strong> </strong>\r\n\r\n<strong> 7<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2950.</strong> I wonder what the reaction in this pair would have been if the Non-Farm numbers yesterday had been blowout numbers? At it was they weren’t and we really didn’t do much for all the fustering about that went on, in fact the range for the day was a mere 67 pips, compared with over 225 the day before. I do think that this pair is heading lower and for the immediate couple of sessions into the week 1.2915 and 1.3000 should be treated as the range.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6297</strong>. Very similar to the EUR/USD, after the shenanigans of Thursday a rather muted 63 pip range yesterday. The referendum in Scotland on whether to remain in the UK or leave is hanging over the cable like “The Sword of Damocles”. I am staying clear of cable until the vote is done as every poll on voting intentions affects the pair directly and holding the pair is risky. If you have the ability to take on a high risk strategy and want to take on high over the next few sessions I see 1.6250 to 1.6400 being the range.\r\n\r\n<strong>AUD/USD: Closing Price 0.9378</strong>. This pair is well bid primarily due to the cross-rate effect of the AUD/NZD, which is very elevated at the moment. I am looking at 0.9300 to 0.9500 as the range. However, within this range we see good support and resistance at 0.9330 and 0.9440.\r\n\r\n<strong>NZD/USD: Closing Price 0.8317</strong>. The RBNZ has it’s interest rate decision on Wednesday and good old Graeme “Whichever way the wind blows” Wheeler will stepping out with his press conference. I think it will be the usual “do as I say not as I do” speech. In any event rate rises are out of the question now and I think that he will refer to exchange rates being abnormally high or words to that effect. The range that interests me is 0.8268 to 0.8400.\r\n\r\n<strong>USD/CAD: Closing Price 1.0879.</strong> This pair I accidently pressed yes to a trade to enter long yesterday. The Scott “Finger of an anxious Trader” rather Maradona’s “Hand of God” got me into my long trade. Now I am bullish on the pair but like the Aussie it is contained within two ranges 1.0810 to 1.1000 being the outer range and 1.0850 to 1.0910 being the levels to concern us over the next few sessions.<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9295</strong>. I am really hyped on whether the SNB will act on the back of ECB negative rates. The EUR/CHF is hovering above 1.2050 and I think any major geopolitical news that concerns Europe will drive this pair lower and I suspect that the SNVB will act to defend the EUR/CHF floor of 1.2000. The result is that every CHF pair benefits. I am looking to enter long on a pullback as even if the SNB does not act the inverted relationship that the USD/CHF has with the EUR/USD means that this pair should break higher anyhow. My preferred entry level is 0.9180 and resistance for now is at 0.9350.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 104.70. </strong>The range for this pair is 104.50 to 105.50. Dare I say it but if this pair breaks through 105.70 and I may get long looking for a move to 112.00.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>8. MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span>\r\n\r\nI have received a few emails from subscribers of the PREMIUM SERVICE asking me to place this in the WEEKLY FX DRIVE THRU. (I have tweeted it several times recently)\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nAUD/USD\r\nUSD/CHF\r\nAUD/JPY\r\nAUD/CAD\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nEUR/GBP\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/AUD\r\nGBP/AUD\r\nEUR/CHF\r\n\r\n<strong> </strong>\r\n\r\n<strong> 9<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: GBP – Inflation Report Hearings.\r\n\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement and Press Conference.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: USD – Core Retail Sales and Retail Sales\r\n\r\n<strong> </strong>\r\n\r\n<strong>10. FINAL THOUGHTS:</strong>\r\n\r\nLots of things to consider for next week, I am really hoping that with the FED and ECB on divergent monetary policies we will see the USD come into its own and really start to move. The benefit of this should be directional trading. I may be hoping too much with this, but right now to me, it is obvious. Lets hope that I am correct; we have not had directional trading for quite sometime. If equities start to pullback as well it will be 24x5 trading.\r\n\r\nNo mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 6th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;','SIMPLE LONGER-TERM CHART ANALYSIS ON THE USD MAJORS ','','inherit','open','closed','','4293-revision-v1','','','2014-09-06 10:36:49','2014-09-06 15:36:49','',4293,'https://weeklyfxdrivethru.com/4293-revision-v1/',0,'revision','',0),(4295,1,'2014-09-06 10:38:52','2014-09-06 15:38:52','<strong>\r\n</strong><span style=\"text-decoration: underline;\"><strong>1. INTRODUCTION:</strong></span>\r\n\r\nIt’s great to back after my summer vacation. If I found it a bit slow in the early part of last week, all those thoughts disappeared very quickly following the ECB Press Conference. All the volatility that had gone from the Forex over the past three/four months re-appeared very quickly and the moves in the EUR and GBP were huge. The EUR/USD moved over 225 pips lower, it’s biggest move in 3 years and Cable moved over 100 pips lower.\r\n\r\nI have been pretty slow getting back into trades, lots of reading and re-familiarization with charts. I was not 100% detached during August I was looking at my FUNDAMENTAL trades, which I had left open during the month, but I would not be telling the truth if I said I was in full trading mode.\r\n\r\nNon-Farm payroll was for me a little muted. As usual I had my TRADING PLAN in place but nothing really triggered. It was a little frustrating to say the least.\r\n\r\nMy feature in the BLOG this week will be taking a look at the longer-term charts. The move after Draghi’s Press Conference really took the whole market by surprise and we definitely have a sentiment shift brewing as the markets are quickly coming to the realization that the two major central banks in the world the FOMC and ECB are on divergent paths. The FOMC is looking to raise interest rates and the ECB is cutting rates, hence the strength of the USD. This realization, we as Forex Traders have been working with for months but equity traders are always the last to the party and now I think the penny has dropped! Because of this I think some charting is required.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\"><strong>2. THE PREMIUM SERVICE: – </strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></span></p>\r\n<span style=\"text-decoration: underline;\">2.1 OVERVIEW:</span>\r\n\r\nFor 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nTrading activity in the first week (four days really after Labour Day) was quiet, adjusting to the market.\r\n\r\nOf the trades 5 trades that were closed during the week 4 were profitable trades yielding a nice 180 pips profit between them. The negative trade in the week, which was a loss trade of 97 pips was the longer-term FUNDAMENTAL hedged trade GBP/AUD (FUN37) which had been live from July 17<sup>th</sup> 2014. I had the chance to move the stops and my mindset switched to the ECB news instead. The cost of running two back-to-back trades was getting a little more than I had originally intended in any case.\r\n\r\nOverall single lot trades net on the four days had you been 100% mirroring my trades would have resulted in a profit banked of: -\r\n\r\nMICRO LOT TRADERS:                   $8.30*\r\nMINI LOT TRADERS:                       $83.00*\r\nSTANDARD LOT TRADERS:          $830.00*\r\n\r\n*The above is an illustrated example of the net profits available if single lot position sized trades had been undertaken on the 5 trades mentioned above with exactly the same entry and exit levels\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.3 NEWS UPDATE:</span>\r\n\r\nLater this month, I will be starting my road trip with a series of sales presentations of the WEEKLY FX DRIVE THRU / PREMIUM SERVICE seminars under the title AN INTRODUCTION TO FOREX TRADING.\r\n\r\nI will be starting with a series of presentations in Montreal, Canada as follows: -\r\n\r\nDATES:          Saturday13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\nVENUE:         Hampton Inn and Suites.\r\nADDRESS:    1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:           Saturday - 11.30AM, 2.30PM and 4.30PM\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong></span>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\"><img class=\"aligncenter size-full wp-image-4290\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\" alt=\"PREM SERV PROFITS1 06092014\" width=\"446\" height=\"415\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>3. THE FUNDAMENTAL TRADERS OVERVIEW:</strong></span>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>USD MAJORS – LONGER TERM CHARTS:</strong></span></p>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>(SIMPLE CHART ANALYSIS)</strong></span></p>\r\nI think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves I think for the short-term at least following the huge ECB news move last Thursday we should look at areas of entry.\r\n\r\nFor those who follow me on a regular basis, you will know that I try my best at all times to keep things as simple and straightforward as possible. The charts that follow have been stripped down so that they are easy to visualize on computers, lap-tops and tablets.\r\n\r\nI have stripped out the following indicators that I used in my analysis on some of the pairs: -\r\n<ul>\r\n	<li>Multi Fibonacci level indicators (I have left only the one(s) to make my point in place.</li>\r\n	<li>Simple Moving Averages (SMAS) 50, 100 &amp; 200 day.</li>\r\n	<li>Bollinger Bands</li>\r\n	<li>Pivot Points</li>\r\n</ul>\r\nIf any of the above are included on a chart they are there for a reason, but my overriding goal was to present a very simple, clean straightforward chart.\r\n\r\nAs you know we tend to over-complicate analysis. Basically, all I am looking for are places of interest on the charts where there is buying and selling interest for me to either buy or sell back in the direction of the pair or to go countertrend as I feel that either buyers will dominate sellers or vice-versa.\r\n\r\nI hope that the charts are clean and easy to follow and not too complicated for traders new to Forex. In my opinion there is no need to over-complicate, I hope that these charts reflect this desire.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">EUR/USD:</span>\r\n\r\nWe are in a down sloping trend as seen on the monthly chart below. In one form or another I have been using this chart as the backbone of many of my EUR/USD decisions.\r\n\r\nI entered short yesterday after Non-Farm Payrolls were released a 1.2979.\r\n\r\nLooking at the chart using the 1.2020 lows last year to the 1.3966 highs in May of this year, as you can see we are now moving back in the direction of the trend. Given the change in monetary policy from the ECB it is the intention of the ECB to drive the value of the EUR lower. It will NOT be a straight line down and at this stage nobody knows what levels the ECB are aiming at. There will be umpteen different views on this point. For now given what I know and what I have read the ECB is NOT embarking on this policy shift for 200/300 pips, I would think they have a 1.2000 in mind at least. The 61.8% retracement level of 1.2764 looks to be an initial target worth aiming for, and, my bias on this pair is short.\r\n\r\nIf you follow my on the PREMIUM SERVICE you will get my thoughts as this trade develops over the coming weeks and months.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014-1024x536.png\" alt=\"EURUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">GBP/USD:</span>\r\n\r\nThe Scottish Referendum later this month has a cloud hanging over the cable. Whilst the trend is definitely lower, polls are going to come thick and fast as time moves forward and any new poll suggesting that the vote has increased to stay in the UK will no doubt be met with a severe bounce in the GBP.\r\n\r\nThe pair, right now, is well oversold and a bounce would in no way be surprising but the referendum vote is dominating right now. The next support level is at 1.6218, which is only horizontal support; if you wanted to try a long trade this may be a reasonable place with a tight stop. For me, I am more inclined to trade the EUR/GBP short instead.\r\n\r\nThe EUR direction is pretty safe and should the cable bounce this will add to the EUR/GBP short pressure. If pushed, my bias on this pair is short, but for now I am staying away because of higher risk.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014-1024x536.png\" alt=\"GBPUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">AUD/USD:</span>\r\n\r\nI posted this chart earlier this week and although a day or two has passed since it’s posting the comments have remained valid. This pair is holding up very well and the cross-rate NZD/AUD is very strong keeping the AUD/USD elevated. I am looking at the range being 0.9300 to 0.9500.\r\n\r\nIf you are a cautious trader like me you may want to see it top first before moving. Looking at target levels on the AUD/NZD, a while back I was long that pair with a level of 1.1350 as my goal. I am no longer in that pair but given recent moves that objective would in my opinion co-inside with 0.9450 on the AUD/USD. My AUD/NZD analysis is now for a move above 1.1350. Therefore the cautious trader in me would be looking at 0.9500 (This is a fib and there is some horizontal support visible on the chart) as the stronger entry short with this pair. That is what I am thinking at the moment. At the back of my mind if this pair breaks 0.9500, there is nothing stopping it until 0.9700. Glenn Stevens and RBA would have a fit at those levels. I have no bias on this pair at these levels.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014-1024x536.png\" alt=\"AUDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">NZD/USD:</span>\r\n\r\nTrading very heavy of late and the cross-rate AUD/NZD reflects the comparison between the AUD and NZD currencies. This pair got a nice bump up on the back of Non-Farm payrolls, which is giving an opportunity to enter short. During the week just gone 0.8330 to 0.8350 were good resistance points and contained this pair. Beyond 0.8350, there is Fibonacci resistance sitting at 0.8420. Support is good at 0.8270, which is the recent low just beyond the 50% Fibonacci level of 0.8285. My bias on this pair is short.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014-1024x536.png\" alt=\"NZDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CAD:</span>\r\n\r\nThis pair is looking more and more choppy to me. The big range is 1.0800 to 1.1000. Inside of this range we are pushing and pulling within 1.0850 to 1.0910. A break of this mini-range should set up a nice short-term one or two day trade in my opinion. The chart is maybe too easy to follow…this always worries me!!\r\n\r\nMy bias is more to the long side.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART.png\"><img class=\"aligncenter size-large wp-image-4278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART-1024x536.png\" alt=\"USDCAD DAILY CHART 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/CHF:</span>\r\n\r\nI want to get long this pair. Now that I wrote that I need to see it hit support at 0.9175 first. Whilst many people are focused on this pair having an inverted relationship with the EUR/USD, I am also looking at the SNB to see if they will copy the ECB and be called into action and copy negative overnight bank deposit rates. This pair is worth keeping on your radar. I would not be surprised to see move back towards 0.9650 and maybe beyond. My bias is to the long side.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014-1024x536.png\" alt=\"USDCHF MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">USD/JPY:</span>\r\n\r\nRegular followers will know that this is not my favourite pair to trade, in fact I do whatever I can to avoid it. If it weren’t for the fact that I have a few on-going jokes with one or two subscribers of the PREMIUM SERVICE I would not even discuss it.\r\nMoving on… 105.30 to 105.50 is an area of confluences of horizontal support and Fibonacci levels. There are other fib levels in this area but to keep the charts clean so that you can follow I took them away from the final print. This is therefore a great area to short from. The pair pushed through taking stops to 105.70 and was whacked back down. Support around 104.50 to 104.70 from last week looks to be the bottom side of the range. No bias on this pair.\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014-1024x536.png\" alt=\"USDJPY MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a><strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>4. TRADER TOPICS:</strong></span>\r\n\r\n<strong>TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</strong>\r\n\r\n&nbsp;\r\n\r\nMany traders find it stressful getting back into trading after taking a break due to vacation or time of year etc. This is NOT unusual, especially after coming back after a long vacation away from the markets.\r\n\r\nIt is very easy to be overwhelmed by all events and let the stress of the occasion take hold and mistakes can be made.\r\n\r\nHere are a few tips: -\r\n<ol>\r\n	<li>TAKE YOUR TIME TO CATCH UP:</li>\r\n</ol>\r\nThere is no easy way. But you need to read extensively what has happened over the past 7 -10 days. Only by doing this will it give you the overview that you need. Do NOT make the mistake of assuming that the currency pairs that you’re trading are reacting to all the same market themes and will stay within their average trading ranges.\r\n\r\nYou do not need to do an overkill of a FULL MARKET analysis and currency pair by pair charting analysis. Pick a few pairs and gather the other news as you go along.\r\n\r\nHere is my approach: I follow up on AUD/USD, USD/CAD and NZD/USD news and charts and then I move to other pairs after these.\r\n<ol start=\"2\">\r\n	<li>PREPARE FOR and PLAN YOUR FIRST WEEK BACK:</li>\r\n</ol>\r\nThis just makes so much common sense.\r\n\r\nList out the news items for you initial currency pairs, give yourself time to read and evaluate the charts and articles. This allows you to calm nerves and provide greater confidence and it will reduce stress.\r\n\r\nThe biggest mistake is to jump in and trade immediately without the research. Go back to your TRADING PLAN and look at the set-ups you have. You can never do too much preparation. You gain so much confidence if your first two or three trades back from vacation are good ones. It’s all about timing and picking your trades and entries in line with the disciplines that you have contained within your TRADING PLAN. They are there for a reason…use them.\r\n<ol start=\"3\">\r\n	<li>TRANSITION YOUR TRADING UP TO FULL SPEED:</li>\r\n</ol>\r\nYou may have it written into your TRADING PLAN that upon a return from vacation that your trade sizes for the first week are 50% of normal size and that your risk parameters / tolerances are now only 2% instead of 3%.\r\n\r\nThese are all great ideas to help you ease back into the chair and are worthy of consideration. Remember, the goal of Forex Trading is consistency and longevity.\r\n\r\nYou may even to decide to trade reduced hours for your first week back.\r\n\r\nI hope that the tips above tips are of some use to help get you back on track after a long vacation away from the markets.\r\n\r\n<strong> </strong>\r\n\r\n<strong>5. MY CURRENT LIVE TRADES:</strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT166\r\nEUR/USD\r\nShort\r\nEntry: 1.2979\r\nStop Loss: 1.3030\r\nLimit / Target: 1.2760\r\nWeekly Closing Price: 1.2950\r\nPosition: +29 pips\r\n\r\nFT167\r\nUSD/CAD\r\nLong\r\nEntry: 1.0882\r\nStop Loss: 1.0856\r\nLimit / Target: 1.0990\r\nWeekly Closing Price: 1.0879\r\nPosition: -3 pips\r\n\r\n<strong> </strong>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nNone live at this time.\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nCost Average: 1.9800\r\nStop Loss: 1.9000\r\nLimit / Target: 2.2350\r\nWeekly Closing Price: 1.9588\r\nPosition: -212 pips\r\n(This pair is currently hedged from -100 pips)\r\n\r\n<strong> </strong>\r\n\r\n<strong> 6<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>TRADES THAT ARE ON MY RADAR:</strong></span>\r\n\r\nMost of the following trades refer to the charts earlier in blog with some additions. All are already placed with my brokers.\r\n\r\nRT143 (THIS IS AN AMENDED ENTRY PRICE)\r\nAUD/NZD\r\nLong at 1.1180\r\nStop at 1.1020\r\nLimit at 1.1550\r\n\r\nRT146\r\nAUD/USD\r\nShort at 0.9500\r\nStop at 0.9580\r\nLimit at 0.9210\r\n\r\nRT147\r\nNZD/USD\r\nShort at 0.8350\r\nStop at 0.8420\r\nLimit at 0.8150\r\n\r\nRT148\r\nEUR/GBP\r\nShort at 0.7800\r\nStop at 0.8050\r\nLimit at 0.7600\r\n\r\nRT149\r\nUSD/CHF\r\nLong at 0.9180\r\nStop at 0.9140\r\nLimit at 0.9580\r\n\r\nRT150\r\nGBP/CHF\r\nLong at 1.5100\r\nStop at 1.5020\r\nLimit at1.5370\r\n\r\n<strong> </strong>\r\n\r\n<strong> 7<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2950.</strong> I wonder what the reaction in this pair would have been if the Non-Farm numbers yesterday had been blowout numbers? At it was they weren’t and we really didn’t do much for all the fustering about that went on, in fact the range for the day was a mere 67 pips, compared with over 225 the day before. I do think that this pair is heading lower and for the immediate couple of sessions into the week 1.2915 and 1.3000 should be treated as the range.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.6297</strong>. Very similar to the EUR/USD, after the shenanigans of Thursday a rather muted 63 pip range yesterday. The referendum in Scotland on whether to remain in the UK or leave is hanging over the cable like “The Sword of Damocles”. I am staying clear of cable until the vote is done as every poll on voting intentions affects the pair directly and holding the pair is risky. If you have the ability to take on a high risk strategy and want to take on high over the next few sessions I see 1.6250 to 1.6400 being the range.\r\n\r\n<strong>AUD/USD: Closing Price 0.9378</strong>. This pair is well bid primarily due to the cross-rate effect of the AUD/NZD, which is very elevated at the moment. I am looking at 0.9300 to 0.9500 as the range. However, within this range we see good support and resistance at 0.9330 and 0.9440.\r\n\r\n<strong>NZD/USD: Closing Price 0.8317</strong>. The RBNZ has it’s interest rate decision on Wednesday and good old Graeme “Whichever way the wind blows” Wheeler will stepping out with his press conference. I think it will be the usual “do as I say not as I do” speech. In any event rate rises are out of the question now and I think that he will refer to exchange rates being abnormally high or words to that effect. The range that interests me is 0.8268 to 0.8400.\r\n\r\n<strong>USD/CAD: Closing Price 1.0879.</strong> This pair I accidentally pressed yes to a trade to enter long yesterday. The Scott “Finger of an anxious Trader” rather Maradona’s “Hand of God” got me into my long trade. Now I am bullish on the pair but like the Aussie it is contained within two ranges 1.0810 to 1.1000 being the outer range and 1.0850 to 1.0910 being the levels to concern us over the next few sessions.<strong> </strong>\r\n\r\n<strong>USD/CHF: Closing Price 0.9295</strong>. I am really hyped on whether the SNB will act on the back of ECB negative rates. The EUR/CHF is hovering above 1.2050 and I think any major geopolitical news that concerns Europe will drive this pair lower and I suspect that the SNB will act to defend the EUR/CHF floor of 1.2000. The result is that every CHF pair benefits. I am looking to enter long on a pullback as even if the SNB does not act the inverted relationship that the USD/CHF has with the EUR/USD means that this pair should break higher anyhow. My preferred entry level is 0.9180 and resistance for now is at 0.9350.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 104.70. </strong>The range for this pair is 104.50 to 105.50. Dare I say it but if this pair breaks through 105.70 and I may get long looking for a move to 112.00.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>8. MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</strong></span>\r\n\r\nI have received a few emails from subscribers of the PREMIUM SERVICE asking me to place this in the WEEKLY FX DRIVE THRU. (I have tweeted it several times recently)\r\n\r\nThe following currency pairs have Short Term (DAILY), Medium Term (WEEKLY) and Long Term (MONTHLY) charts all trending in the same direction.\r\n\r\n<span style=\"text-decoration: underline;\">LONG:</span>\r\n\r\nAUD/USD\r\nUSD/CHF\r\nAUD/JPY\r\nAUD/CAD\r\nAUD/NZD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nEUR/GBP\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nEUR/CAD\r\nGBP/CAD\r\nEUR/AUD\r\nGBP/AUD\r\nEUR/CHF\r\n\r\n<strong> </strong>\r\n\r\n<strong> 9<span style=\"text-decoration: underline;\">. </span></strong><span style=\"text-decoration: underline;\"><strong>MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></span>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: GBP – Inflation Report Hearings.\r\n\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement and Press Conference.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: USD – Core Retail Sales and Retail Sales\r\n\r\n<strong> </strong>\r\n\r\n<strong>10. FINAL THOUGHTS:</strong>\r\n\r\nLots of things to consider for next week, I am really hoping that with the FED and ECB on divergent monetary policies we will see the USD come into its own and really start to move. The benefit of this should be directional trading. I may be hoping too much with this, but right now to me, it is obvious. Lets hope that I am correct; we have not had directional trading for quite sometime. If equities start to pullback as well it will be 24x5 trading.\r\n\r\nNo mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 6th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\n\r\n&nbsp;','SIMPLE LONGER-TERM CHART ANALYSIS ON THE USD MAJORS ','','inherit','open','closed','','4293-revision-v1','','','2014-09-06 10:38:52','2014-09-06 15:38:52','',4293,'https://weeklyfxdrivethru.com/4293-revision-v1/',0,'revision','',0),(4351,1,'2014-09-15 07:49:01','2014-09-15 12:49:01','<strong><span style=\"font-size: 14pt;\">THE DAILY FX POST</span>\r\n<span style=\"font-size: 14pt;\"> from</span>\r\n<span style=\"font-size: 14pt;\"> THE PREMIUM SERVICE</span></strong>\r\n\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 15<sup>th</sup> September 2014\r\nREF: #88</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>\r\n</ol>\r\nI was expecting fireworks in the cable over the weekend. There were 4 surveys that said NO and one that said YES. Looking at the TV news and the rhetoric used on TV and some great quotes from newsprint over the past few days I think that the Scottish voters are now probably “punch drunk” on the whole matter now. Political overkill is in play.\r\n\r\nWhatever, GBP/USD appears to have decided to settle down and just range instead of wild moves. I would still stay away until after the votes are cast, you just do not know what is around the corner politically. David Cameron (UK Prime Minister) is heading north once again today, and given the fact the Scots hate the Tories (Conservatives), I would say that Alex Salmond (The Scottish Nationalist Party Leader) is lapping this up as a desperation move playing right into his hand.\r\n\r\nNice bounces off the lows last night with AUD/USD and NZD/USD. I have entered the AUD/USD short now (FT173). With regards to the NZD/USD, as tweeted last night I took 50% of my position size off the table at 0.8128 and on the subsequent bounce I have added it back at 0.8166.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>\r\n</ol>\r\nAUD: - Monetary Policy Meeting Minutes.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> EXISTING LIVE TRADES:</strong></li>\r\n</ol>\r\nFT172\r\nNZD/USD\r\nShort\r\nEntry at: 0.8180\r\nStop at: 0.8230\r\nLimit at: 0.7800\r\nPresent Price: 0.8164\r\nCurrent Profit / Loss Position: +16 pips\r\n\r\nFT173\r\nAUD/USD\r\nShort\r\nEntry at 0.9022\r\nStop Loss at 0.9110\r\nLimit at 0.8500\r\nPresent Position: 0.9024\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nRT143\r\nAUD/NZD\r\nLong\r\nLong at 1.1200\r\nStop at 1.0950\r\nLimit at 1.1550\r\nPresent Price: 1.1051\r\nCurrent Profit / Loss Position: -149 pips\r\n(This trade is now hedged at -125 pips)\r\n\r\nFUN14\r\nGBP/NZD\r\nLong\r\nEntry at: 1.9800\r\nStop at: 1.9000\r\nLimit at: 2.2350\r\nPresent Price: 1.9889\r\nCurrent Profit / Loss Position: +89 pips\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>\r\n</ol>\r\nRT151\r\nUSD/JPY\r\nLong at 105.95\r\nStop at 105.50\r\nLimit at 110.00\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nI am not expecting too much volatility ahead of the FED on Wednesday. As usual ahead of a major news event I am expecting most currencies to head towards mid-range positions over the next 24-36 hours and the daily movements to calm down.\r\n\r\nI have a few set ups in mind on how I intend to trade the FOMC news based upon whether Yellen is going to be dovish as usual or more hawkish as predicted. I will tweet these soon, or to be fair to subscribers who do not use Twitter I will place these ideas in this communication.<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> DISCLAIMER:</strong></li>\r\n</ol>\r\nTrading 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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumserice@weeklyfxdrivethru.com\r\n\r\n&nbsp;','#88 - THE DAILY FX POST, Monday 15th September 2014','','publish','open','closed','','88-daily-fx-post-monday-15th-september-2014','','','2014-09-15 07:49:01','2014-09-15 12:49:01','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4351',0,'member_posts','',0),(4297,1,'2014-09-06 11:14:06','2014-09-06 16:14:06','&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nIt’s great to back after my summer vacation. If I found it a bit slow in the early part of last week, all those thoughts disappeared very quickly following the ECB Press Conference. All the volatility that had gone from the Forex over the past three/four months re-appeared very quickly and the moves in the EUR and GBP were huge. The EUR/USD moved over 225 pips lower, it’s biggest move in 3 years and Cable moved over 100 pips lower.\r\n\r\nI have been pretty slow getting back into trades, lots of reading and re-familiarization with charts. I was not 100% detached during August I was looking at my FUNDAMENTAL trades, which I had left open during the month, but I would not be telling the truth if I said I was in full trading mode.\r\n\r\nNon-Farm payroll was for me a little muted. As usual I had my TRADING PLAN in place but nothing really triggered. It was a little frustrating to say the least.\r\n\r\nMy feature in the BLOG this week will be taking a look at the longer-term charts. The move after Draghi’s Press Conference really took the whole market by surprise and we definitely have a sentiment shift brewing as the markets are quickly coming to the realization that the two major central banks in the world the FOMC and ECB are on divergent paths. The FOMC is looking to raise interest rates and the ECB is cutting rates, hence the strength of the USD. This realization, we as Forex Traders have been working with for months but equity traders are always the last to the party and now I think the penny has dropped! Because of this I think some charting is required.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong> THE PREMIUM SERVICE: –</strong></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></p>\r\n<p style=\"text-align: center;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></p>\r\n2.1 OVERVIEW:\r\n\r\nFor 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nTrading activity in the first week (four days really after Labour Day) was quiet, adjusting to the market.\r\n\r\nOf the trades 5 trades that were closed during the week 4 were profitable trades yielding a nice 180 pips profit between them. The negative trade in the week, which was a loss trade of 97 pips, was the longer-term FUNDAMENTAL hedged trade GBP/AUD (FUN37) that had been live from July 17<sup>th</sup> 2014. I had the chance to move the stops and my mindset switched to the ECB news instead. The cost of running two back-to-back trades was getting a little more than I had originally intended in any case.\r\n\r\nOverall single lot trades net on the four days had you been 100% mirroring my trades would have resulted in a profit banked of: -\r\n\r\nMICRO LOT TRADERS                  $8.30*\r\nMINI LOT TRADERS                       $83.00*\r\nSTANDARD LOT TRADERS          $830.00*\r\n\r\n*The above is an illustrated example of the net profits available if single lot position sized trades had been undertaken on the 5 trades mentioned above with exactly the same entry and exit levels\r\n\r\n&nbsp;\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater this month, I will be starting my road trip with a series of sales presentations of the WEEKLY FX DRIVE THRU / PREMIUM SERVICE seminars under the title AN INTRODUCTION TO FOREX TRADING.\r\n\r\nI will be starting with a series of presentations in Montreal, Canada as follows: -\r\n\r\nDATES:            Saturday 13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\n\r\nVENUE:           Hampton Inn and Suites.\r\n\r\nADDRESS:      1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:             Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\"><img class=\"aligncenter size-full wp-image-4290\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\" alt=\"PREM SERV PROFITS1 06092014\" width=\"446\" height=\"415\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><strong>USD MAJORS – LONGER TERM CHARTS:</strong></p>\r\n<p style=\"text-align: center;\"><strong>(SIMPLE CHART ANALYSIS)</strong></p>\r\nI think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves I think for the short-term at least following the huge ECB news move last Thursday we should look at areas of entry.\r\n\r\nFor those who follow me on a regular basis, you will know that I try my best at all times to keep things as simple and straightforward as possible. The charts that follow have been stripped down so that they are easy to visualize on computers, laptops and tablets.\r\n\r\nI have stripped out the following indicators that I used in my analysis on some of the pairs: -\r\n\r\n&nbsp;\r\n<ul>\r\n	<li>Multi Fibonacci level indicators (I have left only the one(s) to make my point in place.</li>\r\n	<li>Simple Moving Averages (SMAS) 50, 100 &amp; 200 day.</li>\r\n	<li>Bollinger Bands</li>\r\n	<li>Pivot Points</li>\r\n</ul>\r\nIf any of the above are included on a chart they are there for a reason, but my overriding goal was to present a very simple, clean straightforward chart.\r\nAs you know we tend to over-complicate analysis. Basically, all I am looking for are places of interest on the charts where there is buying and selling interest for me to either buy or sell back in the direction of the pair or to go countertrend as I feel that either buyers will dominate sellers or vice-versa.\r\n\r\nI hope that the charts are clean and easy to follow and not too complicated for traders new to Forex. In my opinion there is no need to over-complicate, I hope that these charts reflect this desire.\r\n\r\n&nbsp;\r\n\r\nEUR/USD:\r\n\r\nWe are in a down sloping trend as seen on the monthly chart below. In one form or another I have been using this chart as the backbone of many of my EUR/USD decisions.\r\n\r\nI entered short yesterday after Non-Farm Payrolls were released a 1.2979.\r\n\r\nLooking at the chart using the 1.2020 lows last year to the 1.3966 highs in May of this year, as you can see we are now moving back in the direction of the trend. Given the change in monetary policy from the ECB it is the intention of the ECB to drive the value of the EUR lower. It will NOT be a straight line down and at this stage nobody knows what levels the ECB are aiming at. There will be umpteen different views on this point. For now given what I know and what I have read the ECB is NOT embarking on this policy shift for 200/300 pips, I would think they have a 1.2000 in mind at least. The 61.8% retracement level of 1.2764 looks to be an initial target worth aiming for, and, my bias on this pair is short.\r\n\r\nIf you follow my on the PREMIUM SERVICE you will get my thoughts as this trade develops over the coming weeks and months.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014-1024x536.png\" alt=\"EURUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\nThe Scottish Referendum later this month has a cloud hanging over the cable. Whilst the trend is definitely lower, polls are going to come thick and fast as time moves forward and any new poll suggesting that the vote has increased to stay in the UK will no doubt be met with a severe bounce in the GBP.\r\n\r\nThe pair, right now, is well oversold and a bounce would in no way be surprising but the referendum vote is dominating right now. The next support level is at 1.6218, which is only horizontal support; if you wanted to try a long trade this may be a reasonable place with a tight stop. For me, I am more inclined to trade the EUR/GBP short instead.\r\n\r\nThe EUR direction is pretty safe and should the cable bounce this will add to the EUR/GBP short pressure. If pushed, my bias on this pair is short, but for now I am staying away because of higher risk\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014-1024x536.png\" alt=\"GBPUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\nI posted this chart earlier this week and although a day or two has passed since it’s posting the comments have remained valid. This pair is holding up very well and the cross-rate NZD/AUD is very strong keeping the AUD/USD elevated. I am looking at the range being 0.9300 to 0.9500.\r\n\r\nIf you are a cautious trader like me you may want to see it top first before moving. Looking at target levels on the AUD/NZD, a while back I was long that pair with a level of 1.1350 as my goal. I am no longer in that pair but given recent moves that objective would in my opinion co-inside with 0.9450 on the AUD/USD. My AUD/NZD analysis is now for a move above 1.1350. Therefore the cautious trader in me would be looking at 0.9500 (This is a fib and there is some horizontal support visible on the chart) as the stronger entry short with this pair. That is what I am thinking at the moment. At the back of my mind if this pair breaks 0.9500, there is nothing stopping it until 0.9700. Glenn Stevens and RBA would have a fit at those levels. I have no bias on this pair at these levels.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014-1024x536.png\" alt=\"AUDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\nTrading very heavy of late and the cross-rate AUD/NZD reflects the comparison between the AUD and NZD currencies. This pair got a nice bump up on the back of Non-Farm payrolls, which is giving an opportunity to enter short. During the week just gone 0.8330 to 0.8350 were good resistance points and contained this pair. Beyond 0.8350, there is Fibonacci resistance sitting at 0.8420. Support is good at 0.8270, which is the recent low just beyond the 50% Fibonacci level of 0.8285. My bias on this pair is short.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014-1024x536.png\" alt=\"NZDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\nThis pair is looking more and more choppy to me. The big range is 1.0800 to 1.1000. Inside of this range we are pushing and pulling within 1.0850 to 1.0910. A break of this mini-range should set up a nice short-term one or two day trade in my opinion. The chart is maybe too easy to follow…this always worries me!!\r\n\r\nMy bias is more to the long side.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART.png\"><img class=\"aligncenter size-large wp-image-4278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART-1024x536.png\" alt=\"USDCAD DAILY CHART 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\nI want to get long this pair. Now that I wrote that I need to see it hit support at 0.9175 first. Whilst many people are focused on this pair having an inverted relationship with the EUR/USD, I am also looking at the SNB to see if they will copy the ECB and be called into action and copy negative overnight bank deposit rates. This pair is worth keeping on your radar. I would not be surprised to see move back towards 0.9650 and maybe beyond. My bias is to the long side.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014-1024x536.png\" alt=\"USDCHF MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\nRegular followers will know that this is not my favourite pair to trade, in fact I do whatever I can to avoid it. If it weren’t for the fact that I have a few on-going jokes with one or two subscribers of the PREMIUM SERVICE I would not even discuss it.\r\nMoving on… 105.30 to 105.50 is an area of confluences of horizontal support and Fibonacci levels. There are other fib levels in this area but to keep the charts clean so that you can follow I took them away from the final print. This is therefore a great area to short from. The pair pushed through taking stops to 105.70 and was whacked back down. Support around 104.50 to 104.70 from last week looks to be the bottom side of the range. No bias on this pair.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014-1024x536.png\" alt=\"USDJPY MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2950.</strong> I wonder what the reaction in this pair would have been if the Non-Farm numbers yesterday had been blowout numbers? At it was they weren’t and we really didn’t do much for all the fustering about that went on, in fact the range for the day was a mere 67 pips, compared with over 225 the day before. I do think that this pair is heading lower and for the immediate couple of sessions into the week 1.2915 and 1.3000 should be treated as the range.\r\n\r\n<strong>GBP/USD: Closing Price 1.6297</strong>. Very similar to the EUR/USD, after the shenanigans of Thursday a rather muted 63 pip range yesterday. The referendum in Scotland on whether to remain in the UK or leave is hanging over the cable like “The Sword of Damocles”. I am staying clear of cable until the vote is done as every poll on voting intentions affects the pair directly and holding the pair is risky. If you have the ability to take on a high risk strategy and want to take on high over the next few sessions I see 1.6250 to 1.6400 being the range.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9378</strong>. This pair is well bid primarily due to the cross-rate effect of the AUD/NZD, which is very elevated at the moment. I am looking at 0.9300 to 0.9500 as the range. However, within this range we see good support and resistance at 0.9330 and 0.9440.\r\n\r\n<strong>NZD/USD: Closing Price 0.8317</strong>. The RBNZ has its interest rate decision on Wednesday and good old Graeme “Whichever way the wind blows” Wheeler will stepping out with his press conference. I think it will be the usual “do as I say not as I do” speech. In any event rate rises are out of the question now and I think that he will refer to exchange rates being abnormally high or words to that effect. The range that interests me is 0.8268 to 0.8400.\r\n\r\n<strong>USD/CAD: Closing Price 1.0879.</strong> This pair I accidentally pressed yes to a trade to enter long yesterday. The Scott “Finger of an anxious Trader” rather Maradona’s “Hand of God” got me into my long trade. Now I am bullish on the pair but like the Aussie it is contained within two ranges 1.0810 to 1.1000 being the outer range and 1.0850 to 1.0910 being the levels to concern us over the next few sessions.\r\n\r\n<strong>USD/CHF: Closing Price 0.9295</strong>. I am really hyped on whether the SNB will act on the back of ECB negative rates. The EUR/CHF is hovering above 1.2050 and I think any major geopolitical news that concerns Europe will drive this pair lower and I suspect that the SNB will act to defend the EUR/CHF floor of 1.2000. The result is that every CHF pair benefits. I am looking to enter long on a pullback as even if the SNB does not act the inverted relationship that the USD/CHF has with the EUR/USD means that this pair should break higher anyhow. My preferred entry level is 0.9180 and resistance for now is at 0.9350.\r\n\r\n<strong>USD/JPY: Closing Price 104.70. </strong>The range for this pair is 104.50 to 105.50. Dare I say it but if this pair breaks through 105.70 and I may get long looking for a move to 112.00.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: GBP – Inflation Report Hearings.\r\n\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement and Press Conference.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: USD – Core Retail Sales and Retail Sales\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nLots of things to consider for next week, I am really hoping that with the FED and ECB on divergent monetary policies we will see the USD come into its own and really start to move. The benefit of this should be directional trading. I may be hoping too much with this, but right now to me, it is obvious. Lets hope that I am correct; we have not had directional trading for quite sometime. If equities start to pullback as well it will be 24x5 trading.\r\n\r\nNo mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 6th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','SIMPLE LONGER-TERM CHART ANALYSIS ON THE USD MAJORS ','','publish','open','closed','','simple-longer-term-chart-analysis-usd-majors','','','2014-09-06 11:14:06','2014-09-06 16:14:06','',0,'https://weeklyfxdrivethru.com/?p=4297',0,'post','',0),(4298,1,'2014-09-06 11:12:41','2014-09-06 16:12:41','&nbsp;\r\n<ol>\r\n	<li><strong> INTRODUCTION:</strong></li>\r\n</ol>\r\nIt’s great to back after my summer vacation. If I found it a bit slow in the early part of last week, all those thoughts disappeared very quickly following the ECB Press Conference. All the volatility that had gone from the Forex over the past three/four months re-appeared very quickly and the moves in the EUR and GBP were huge. The EUR/USD moved over 225 pips lower, it’s biggest move in 3 years and Cable moved over 100 pips lower.\r\n\r\nI have been pretty slow getting back into trades, lots of reading and re-familiarization with charts. I was not 100% detached during August I was looking at my FUNDAMENTAL trades, which I had left open during the month, but I would not be telling the truth if I said I was in full trading mode.\r\n\r\nNon-Farm payroll was for me a little muted. As usual I had my TRADING PLAN in place but nothing really triggered. It was a little frustrating to say the least.\r\n\r\nMy feature in the BLOG this week will be taking a look at the longer-term charts. The move after Draghi’s Press Conference really took the whole market by surprise and we definitely have a sentiment shift brewing as the markets are quickly coming to the realization that the two major central banks in the world the FOMC and ECB are on divergent paths. The FOMC is looking to raise interest rates and the ECB is cutting rates, hence the strength of the USD. This realization, we as Forex Traders have been working with for months but equity traders are always the last to the party and now I think the penny has dropped! Because of this I think some charting is required.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><strong></strong><strong> THE PREMIUM SERVICE: –</strong>&nbsp;</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATE &amp; MONTHLY AND </strong></p>\r\n<p style=\"text-align: center;\"><strong>YEAR TO DATE TRADING SUMMARIES:</strong></p>\r\n2.1 OVERVIEW:\r\n\r\nFor 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, SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.\r\n\r\n&nbsp;\r\n\r\n2.2 TRADING ACTIVITY:\r\n\r\nTrading activity in the first week (four days really after Labour Day) was quiet, adjusting to the market.\r\n\r\nOf the trades 5 trades that were closed during the week 4 were profitable trades yielding a nice 180 pips profit between them. The negative trade in the week, which was a loss trade of 97 pips, was the longer-term FUNDAMENTAL hedged trade GBP/AUD (FUN37) that had been live from July 17<sup>th</sup> 2014. I had the chance to move the stops and my mindset switched to the ECB news instead. The cost of running two back-to-back trades was getting a little more than I had originally intended in any case.\r\n\r\nOverall single lot trades net on the four days had you been 100% mirroring my trades would have resulted in a profit banked of: -\r\n\r\nMICRO LOT TRADERS                  $8.30*\r\nMINI LOT TRADERS                       $83.00*\r\nSTANDARD LOT TRADERS          $830.00*\r\n\r\n*The above is an illustrated example of the net profits available if single lot position sized trades had been undertaken on the 5 trades mentioned above with exactly the same entry and exit levels\r\n\r\n&nbsp;\r\n\r\n2.3 NEWS UPDATE:\r\n\r\nLater this month, I will be starting my road trip with a series of sales presentations of the WEEKLY FX DRIVE THRU / PREMIUM SERVICE seminars under the title AN INTRODUCTION TO FOREX TRADING.\r\n\r\nI will be starting with a series of presentations in Montreal, Canada as follows: -\r\n\r\nDATES:            Saturday 13<sup>th</sup> and Sunday 14<sup>th</sup> September 2014.\r\n\r\nVENUE:           Hampton Inn and Suites.\r\n\r\nADDRESS:      1900 Rte. Transcanadienne (Nr. Blvd Des Sources), MONTREAL.\r\nTIMES:             Saturday - 11.30AM, 2.30PM and 4.30PM.\r\nSunday - 2.30PM and 4.30PM.\r\n\r\nSeating will be limited. If you are coming and want to reserve a place please contact me via email and I will confirm a reserved seat as close to the front as possible.\r\n\r\nIf you are an existing subscriber and want to introduce yourself and say hello please come along if you have time to spare.\r\n\r\nIf you are an existing subscriber and have friends that are interested in Forex come along with them.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n2.4 MONTHLY AND YEAR TO DATE TRADING SUMMARIES<strong>:</strong>\r\n\r\nBelow I show the up to date performances for my various trading styles. Full excel spreadsheets are in the subscriber area of the PREMIUM SERVICE website.\r\n\r\nBelow are the excel spreadsheets covering this month so far and the year 2014 to date.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\"><img class=\"aligncenter size-full wp-image-4290\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS1-06092014.png\" alt=\"PREM SERV PROFITS1 06092014\" width=\"446\" height=\"415\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\"><img class=\"aligncenter size-full wp-image-4291\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/PREM-SERV-PROFITS2-06092014.png\" alt=\"PREM SERV PROFITS2 06092014\" width=\"464\" height=\"422\" /></a>\r\n\r\n&nbsp;\r\n\r\nThe above examples are for illustration purposes only:\r\n\r\nThe 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.\r\n\r\nJust 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, but it does show you the direction of the performance of the trades placed.\r\n\r\nI 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.\r\n\r\nThe 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.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><strong> THE FUNDAMENTAL TRADERS OVERVIEW:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n<p style=\"text-align: center;\"><strong>USD MAJORS – LONGER TERM CHARTS:</strong></p>\r\n<p style=\"text-align: center;\"><strong>(SIMPLE CHART ANALYSIS)</strong></p>\r\nI think that we are at a crossroads of realization for certain parts of the market, as the ECB continue to ease and the FED look to end quantitative easing and enter a period of starting to raise rates. The divergent policies are USD supportive and with the potential of finally seeing some directional moves I think for the short-term at least following the huge ECB news move last Thursday we should look at areas of entry.\r\n\r\nFor those who follow me on a regular basis, you will know that I try my best at all times to keep things as simple and straightforward as possible. The charts that follow have been stripped down so that they are easy to visualize on computers, laptops and tablets.\r\n\r\nI have stripped out the following indicators that I used in my analysis on some of the pairs: -\r\n\r\n&nbsp;\r\n<ul>\r\n	<li>Multi Fibonacci level indicators (I have left only the one(s) to make my point in place.</li>\r\n	<li>Simple Moving Averages (SMAS) 50, 100 &amp; 200 day.</li>\r\n	<li>Bollinger Bands</li>\r\n	<li>Pivot Points</li>\r\n</ul>\r\nIf any of the above are included on a chart they are there for a reason, but my overriding goal was to present a very simple, clean straightforward chart.\r\nAs you know we tend to over-complicate analysis. Basically, all I am looking for are places of interest on the charts where there is buying and selling interest for me to either buy or sell back in the direction of the pair or to go countertrend as I feel that either buyers will dominate sellers or vice-versa.\r\n\r\nI hope that the charts are clean and easy to follow and not too complicated for traders new to Forex. In my opinion there is no need to over-complicate, I hope that these charts reflect this desire.\r\n\r\n&nbsp;\r\n\r\nEUR/USD:\r\n\r\nWe are in a down sloping trend as seen on the monthly chart below. In one form or another I have been using this chart as the backbone of many of my EUR/USD decisions.\r\n\r\nI entered short yesterday after Non-Farm Payrolls were released a 1.2979.\r\n\r\nLooking at the chart using the 1.2020 lows last year to the 1.3966 highs in May of this year, as you can see we are now moving back in the direction of the trend. Given the change in monetary policy from the ECB it is the intention of the ECB to drive the value of the EUR lower. It will NOT be a straight line down and at this stage nobody knows what levels the ECB are aiming at. There will be umpteen different views on this point. For now given what I know and what I have read the ECB is NOT embarking on this policy shift for 200/300 pips, I would think they have a 1.2000 in mind at least. The 61.8% retracement level of 1.2764 looks to be an initial target worth aiming for, and, my bias on this pair is short.\r\n\r\nIf you follow my on the PREMIUM SERVICE you will get my thoughts as this trade develops over the coming weeks and months.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4281\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/EURUSD-WEEKLY-06092014-1024x536.png\" alt=\"EURUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nGBP/USD:\r\n\r\nThe Scottish Referendum later this month has a cloud hanging over the cable. Whilst the trend is definitely lower, polls are going to come thick and fast as time moves forward and any new poll suggesting that the vote has increased to stay in the UK will no doubt be met with a severe bounce in the GBP.\r\n\r\nThe pair, right now, is well oversold and a bounce would in no way be surprising but the referendum vote is dominating right now. The next support level is at 1.6218, which is only horizontal support; if you wanted to try a long trade this may be a reasonable place with a tight stop. For me, I am more inclined to trade the EUR/GBP short instead.\r\n\r\nThe EUR direction is pretty safe and should the cable bounce this will add to the EUR/GBP short pressure. If pushed, my bias on this pair is short, but for now I am staying away because of higher risk\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4280\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/GBPUSD-WEEKLY-06092014-1024x536.png\" alt=\"GBPUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nAUD/USD:\r\n\r\nI posted this chart earlier this week and although a day or two has passed since it’s posting the comments have remained valid. This pair is holding up very well and the cross-rate NZD/AUD is very strong keeping the AUD/USD elevated. I am looking at the range being 0.9300 to 0.9500.\r\n\r\nIf you are a cautious trader like me you may want to see it top first before moving. Looking at target levels on the AUD/NZD, a while back I was long that pair with a level of 1.1350 as my goal. I am no longer in that pair but given recent moves that objective would in my opinion co-inside with 0.9450 on the AUD/USD. My AUD/NZD analysis is now for a move above 1.1350. Therefore the cautious trader in me would be looking at 0.9500 (This is a fib and there is some horizontal support visible on the chart) as the stronger entry short with this pair. That is what I am thinking at the moment. At the back of my mind if this pair breaks 0.9500, there is nothing stopping it until 0.9700. Glenn Stevens and RBA would have a fit at those levels. I have no bias on this pair at these levels.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4282\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/AUDUSD-WEEKLY-06092014-1024x536.png\" alt=\"AUDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nNZD/USD:\r\n\r\nTrading very heavy of late and the cross-rate AUD/NZD reflects the comparison between the AUD and NZD currencies. This pair got a nice bump up on the back of Non-Farm payrolls, which is giving an opportunity to enter short. During the week just gone 0.8330 to 0.8350 were good resistance points and contained this pair. Beyond 0.8350, there is Fibonacci resistance sitting at 0.8420. Support is good at 0.8270, which is the recent low just beyond the 50% Fibonacci level of 0.8285. My bias on this pair is short.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4279\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/NZDUSD-WEEKLY-06092014-1024x536.png\" alt=\"NZDUSD WEEKLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CAD:\r\n\r\nThis pair is looking more and more choppy to me. The big range is 1.0800 to 1.1000. Inside of this range we are pushing and pulling within 1.0850 to 1.0910. A break of this mini-range should set up a nice short-term one or two day trade in my opinion. The chart is maybe too easy to follow…this always worries me!!\r\n\r\nMy bias is more to the long side.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART.png\"><img class=\"aligncenter size-large wp-image-4278\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCAD-DAILY-CHART-1024x536.png\" alt=\"USDCAD DAILY CHART 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/CHF:\r\n\r\nI want to get long this pair. Now that I wrote that I need to see it hit support at 0.9175 first. Whilst many people are focused on this pair having an inverted relationship with the EUR/USD, I am also looking at the SNB to see if they will copy the ECB and be called into action and copy negative overnight bank deposit rates. This pair is worth keeping on your radar. I would not be surprised to see move back towards 0.9650 and maybe beyond. My bias is to the long side.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4277\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDCHF-MONTHLY-06092014-1024x536.png\" alt=\"USDCHF MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n&nbsp;\r\n\r\nUSD/JPY:\r\n\r\nRegular followers will know that this is not my favourite pair to trade, in fact I do whatever I can to avoid it. If it weren’t for the fact that I have a few on-going jokes with one or two subscribers of the PREMIUM SERVICE I would not even discuss it.\r\nMoving on… 105.30 to 105.50 is an area of confluences of horizontal support and Fibonacci levels. There are other fib levels in this area but to keep the charts clean so that you can follow I took them away from the final print. This is therefore a great area to short from. The pair pushed through taking stops to 105.70 and was whacked back down. Support around 104.50 to 104.70 from last week looks to be the bottom side of the range. No bias on this pair.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014.png\"><img class=\"aligncenter size-large wp-image-4276\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/USDJPY-MONTHLY-06092014-1024x536.png\" alt=\"USDJPY MONTHLY 06092014\" width=\"1024\" height=\"536\" /></a>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><strong> LOOKING FORWARD…THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2950.</strong> I wonder what the reaction in this pair would have been if the Non-Farm numbers yesterday had been blowout numbers? At it was they weren’t and we really didn’t do much for all the fustering about that went on, in fact the range for the day was a mere 67 pips, compared with over 225 the day before. I do think that this pair is heading lower and for the immediate couple of sessions into the week 1.2915 and 1.3000 should be treated as the range.\r\n\r\n<strong>GBP/USD: Closing Price 1.6297</strong>. Very similar to the EUR/USD, after the shenanigans of Thursday a rather muted 63 pip range yesterday. The referendum in Scotland on whether to remain in the UK or leave is hanging over the cable like “The Sword of Damocles”. I am staying clear of cable until the vote is done as every poll on voting intentions affects the pair directly and holding the pair is risky. If you have the ability to take on a high risk strategy and want to take on high over the next few sessions I see 1.6250 to 1.6400 being the range.<strong> </strong>\r\n\r\n<strong>AUD/USD: Closing Price 0.9378</strong>. This pair is well bid primarily due to the cross-rate effect of the AUD/NZD, which is very elevated at the moment. I am looking at 0.9300 to 0.9500 as the range. However, within this range we see good support and resistance at 0.9330 and 0.9440.\r\n\r\n<strong>NZD/USD: Closing Price 0.8317</strong>. The RBNZ has its interest rate decision on Wednesday and good old Graeme “Whichever way the wind blows” Wheeler will stepping out with his press conference. I think it will be the usual “do as I say not as I do” speech. In any event rate rises are out of the question now and I think that he will refer to exchange rates being abnormally high or words to that effect. The range that interests me is 0.8268 to 0.8400.\r\n\r\n<strong>USD/CAD: Closing Price 1.0879.</strong> This pair I accidently pressed yes to a trade to enter long yesterday. The Scott “Finger of an anxious Trader” rather Maradona’s “Hand of God” got me into my long trade. Now I am bullish on the pair but like the Aussie it is contained within two ranges 1.0810 to 1.1000 being the outer range and 1.0850 to 1.0910 being the levels to concern us over the next few sessions.\r\n\r\n<strong>USD/CHF: Closing Price 0.9295</strong>. I am really hyped on whether the SNB will act on the back of ECB negative rates. The EUR/CHF is hovering above 1.2050 and I think any major geopolitical news that concerns Europe will drive this pair lower and I suspect that the SNB will act to defend the EUR/CHF floor of 1.2000. The result is that every CHF pair benefits. I am looking to enter long on a pullback as even if the SNB does not act the inverted relationship that the USD/CHF has with the EUR/USD means that this pair should break higher anyhow. My preferred entry level is 0.9180 and resistance for now is at 0.9350.\r\n\r\n<strong>USD/JPY: Closing Price 104.70. </strong>The range for this pair is 104.50 to 105.50. Dare I say it but if this pair breaks through 105.70 and I may get long looking for a move to 112.00.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"5\">\r\n	<li><strong> MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</strong></li>\r\n</ol>\r\n<strong> </strong>\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: GBP – Inflation Report Hearings.\r\n\r\nWEDNESDAY: NZD – RBNZ Interest Rate Statement and Press Conference.\r\nWEDNESDAY: AUD – Employment Change and Unemployment Rate.\r\n\r\nTHURSDAY: N/A.\r\n\r\nFRIDAY: USD – Core Retail Sales and Retail Sales\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li><strong> FINAL THOUGHTS:</strong></li>\r\n</ol>\r\nLots of things to consider for next week, I am really hoping that with the FED and ECB on divergent monetary policies we will see the USD come into its own and really start to move. The benefit of this should be directional trading. I may be hoping too much with this, but right now to me, it is obvious. Lets hope that I am correct; we have not had directional trading for quite sometime. If equities start to pullback as well it will be 24x5 trading.\r\n\r\nNo mater what type or style of trading we have, always, PLAN YOUR TRADES and TRADE YOUR PLAN regardless of market activity, in addition continue to exercise TRADING DISCIPLINE and do <strong>NOT</strong> FORCE TRADES as the chances are you run a much higher risk than normal of being caught out on the wrong side.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday September 6th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>','SIMPLE LONGER-TERM CHART ANALYSIS ON THE USD MAJORS ','','inherit','open','closed','','4297-revision-v1','','','2014-09-06 11:12:41','2014-09-06 16:12:41','',4297,'https://weeklyfxdrivethru.com/4297-revision-v1/',0,'revision','',0),