(4812,1,'2014-11-22 13:08:25','2014-11-22 18:08:25','<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong>#130 - THE WEEKLY FX DRIVE THRU\r\n</strong><strong>22.11.2014</strong></span></p>\r\n\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> INTRODUCTION:</strong></span></li>\r\n</ol>\r\nWell I for one am glad that the last trading week is over. It was a very strange week from a trading perspective. Some nice profits but it was all too frantic at times. I think that the main reason for this was the fact that the USD (DXY) is in a trading range and therefore most currency pairs are likewise.\r\n\r\nYesterday (Friday) we saw Mario Draghi ECB President, jawbone (talk) the market once again and he really did a great job in weakening the EUR. Earlier in the week, on Tuesday Glenn Stevens governor of the RBA did a similar thing, whilst Shinzu Abe the Japanese Prime Minister delayed a proposed sales tax hike, dissolved parliament to set another general election in Japan to win a fresh mandate on his policies. If that was not enough, the PBOC reduced interest rates in China (this is the Chinese route to ease) just prior to the U.S. open.\r\n\r\nAll instances were directed at weakening their local currencies, thank God there is no currency war in progress. It is strange times that we live in and given central bank divergences will it become stranger?\r\n\r\nLooking back on the week, it probably would have been a good week to maybe miss the Forex market. Sideways consolidation in ranges were the order of the day, it was only after the PBOC news that ranges were broken.\r\n\r\nThe most concerning news reaction this week from my perspective was the reaction of the DXY, when on Thursday we saw two really good pieces of data from the U.S. i.e.: both Core CPi and the Philly FED Manufacturing Index (back to 2011 numbers and indicative of a GDP around 6%) the reaction from the DXY was muted. I expected it to be blasting through resistance around 88.20. Instead it stayed in side the range of 87.20 to 88.20.\r\n\r\nAs a result, I think I will manage the current batch of PREMIUM SERVICE live trades, but I am now very reluctant to enter new trades unless they are short-term pullback entry scalping trades. This is until we get a breakout.\r\n\r\nWhy, what are my reasons for this?\r\n<ol>\r\n	<li>My thoughts are that as GOLD is rising (God knows why?) and with OIL fluctuating at key support this affects USD strength. When GOLD and the USD go “up” together, which can happen, it does NOT give me comfort trading. This was happening yesterday when the EUR/USD lower move was in play.</li>\r\n</ol>\r\n<ol start=\"2\">\r\n	<li>During last week, a Japanese Government Economics spokesman also muddied the waters stating that the USD/JPY surge to 119.00 was too fast. This is weighing a little on the pair and as a result it is having difficulty holding above 118.00, even with U.S. equities at +150 the USD/JPY was falling lower.</li>\r\n	<li>S. equities themselves up until Friday’s PBOC interest rate cut, were literally just moving very slowly point by point on thin trading volume to new highs each day. Who believes that this market can continue to grind higher? Do I think we are at that point? The biggest buyers in the markets are still apparently companies buying back their own shares to manipulate their earnings to satisfy analysts and investors. Therefore, in my opinion, the markets are screwed up as far as I can determine.</li>\r\n</ol>\r\nI am fundamentally in my plan still long the USD but I need a technical confirmation before I move back in the trades and trade sizes. I trust that this makes some sense.\r\n\r\nMy final comments from last week are still valid: -\r\n\r\n<strong><em>Looking forward; my fundamental trading ideas are still intact. I still have my “PLAN A” on the table. It is based very simply and primarily on the four bullet points below: -</em></strong>\r\n<ul>\r\n	<li><strong><em>The end of QE (Quantitative Easing) in the U.S.</em></strong></li>\r\n	<li><strong><em>The FED stating that interest rate rises will happen in 2015.</em></strong></li>\r\n	<li><strong><em>FED and ECB on divergent monetary policies.</em></strong></li>\r\n	<li><strong><em>FED and BOJ on divergent monetary policies.</em></strong></li>\r\n</ul>\r\n<strong><em>I firmly believe that there are thousands of pips available with the up coming moves. Plus, we have a bonus after the USD failure yesterday that will enable us to enter trades at much better prices.</em></strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> THE PREMIUM SERVICE:\r\n</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nAs I stated earlier I found the past week a strange week to trade. I was never 100% fully confident in the moves and this plagued me as the week progressed.\r\n\r\nWhilst the PREMIUM SERVICE moved forward with profits I took just one loss, which was as a result of a poor entry on my part. It is always so easy to look back and identify were you as a trader screwed up. I just wish that once I would have put my hands in my pocket and not traded. Just goes to show, I am human and NOT a robot.\r\n\r\nIn the week for STANDARD LOT traders they added $2,500.00, MINI LOT traders $250.00 and MICRO LOT traders a further $25.00. As I repeatedly tell traders as long as you are adding all is good.\r\n\r\nI knew as the week started that I had to be aware of sideways consolidation. However, I am pleased to have made profits, so its time to move forward once again.\r\n\r\nTHE PREMIUM SERVICE\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 40\r\n\r\nPROFITABLE TRADES                   = 34 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 6 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the number of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 474 trades at a cost of $47.40 and earned from those trades $1,032.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $142.20 ($47.40 x 3) and from those trades you would have earned $3,098.10 ($1032.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 474 trades at a cost of $474.00 and earned from those trades $10,327.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,422.00 ($474.00 x 3) and from those trades you would have earned $30,981.00 ($10,327.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 474 trades at a cost of $4,740.00 and earned from those trades $103,270.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,220.00 ($4,740.00 x 3) and from those trades you would have earned $309,810.00 ($103,270.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-22112014.png\"><img class=\"aligncenter size-full wp-image-4800\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS1-22112014.png\" alt=\"PREM SERVICE PROFITS1 22112014\" width=\"450\" height=\"429\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\"><img class=\"aligncenter size-full wp-image-4801\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-PROFITS2-22112014.png\" alt=\"PREM SERV PROFITS2 22112014\" width=\"462\" height=\"425\" /></a>\r\n\r\nPLEASE NOTE:\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> WHAT’S ON MY MIND:</strong></span></li>\r\n</ol>\r\n<p style=\"text-align: center;\"><span style=\"font-size: 12pt;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>IT’S A RACE TO THE BOTTOM</strong></span></p>\r\nI am really following on from last week’s article.\r\n\r\nI mentioned this a little in the INTRODUCTION but this week really showed what an artificial economic environment we are living in and trading in around the world.\r\n\r\nThere were 5 major news events in the past week and they all had a common denominator: -\r\n\r\nAUD – Glenn Stevens RBA Governor was speaking about RBA Policy.\r\nJPY – Abe and Kuroda in Japan delayed Sales Tax but committed to more QE.\r\nUSD – FOMC Meeting Minutes released.\r\nECB – Draghi speaks in Frankfurt about ECB Monetary Policy.\r\nCNY – PBOC reduces interest rates and frees up bank rules in China.\r\n\r\nAll of the above were central bank related activities either direct or through the central bank chiefs.\r\n\r\nIt is a race to see who can have the weakest currency. Four of the five events above from last week were pre-meditated strikes to de-value their currency.\r\n\r\nThe exception was the USD. However, I must point out all prior comments and sound-bytes from Janet Yellen were more HAWKISH than DOVISH. The surprise was that the minutes released were far more DOVISH than previous comments from Janet Yellen. The market reaction to the data release was mixed; we saw USD weakness then after the knee-jerk reaction some 30-45 minutes later after the release USD strength came through the Forex market.\r\n\r\nThe other four events were full on jawboning easing.\r\n\r\nWe have divergence, between the FED, possibly the BOE and the rest of the major central banks.\r\n\r\nThe FED and the BOE are in the camp of raising rates either next year or early 2016, whereas the remaining central banks monetary policies are still based off easing.\r\n\r\nLooking from a distance, one of the most interesting factors looking forward is how will the central banks that are now easing, how will they exit?\r\n\r\nWe have seen the very careful way that the FED used a tapering program to reduce the amount of ABS purchases each month. There were intense, deliberate fore warnings of what going to happen and when.\r\n\r\nI suppose given the decades of problems in Japan, I should be asking myself will I be alive to see how the BOJ exits Quantitative Easing? Assuming I am, and given the size of the BOJ Quantitative Easing, it will be an interesting prospect to witness. I am assuming that they will taper and follow the FED’s example but this is years and years away\r\n\r\nOne aspect of central bank easing that does interest me is the way that the ECB has tackled problems since the Financial Crash of 2007-8. The ECB being controlled by Germany (despite the rhetoric to the contrary) used the AUSTRIAN SCHOOL of economics to tackle the crash.\r\n\r\nThis is based on Austerity. Basically, everyone pays up front through higher taxation to pump money though the financial system to create stability. Businesses are allowed to fail. One can argue that this has not worked given that some 6 years later the ECB is looking at QE to solve its lack of growth and DEFLATION. Was the Austerity worth it, given that now they are about to embark on QE?\r\n\r\nThe FED approach was to pump the markets full of central bank cash (THE KEYNESIAN THEORY); pure stimulus aimed at flooding banks with cheap cash to allow them to stabilize and as the banking system settles so do the markets. The FED was focused on support. Now the resulting deficit has to be paid back.\r\n\r\nThe similarity to both approaches is that the resulting invoice / bill for the stability has to be paid by the people. This is why the central banks are looking for a bit of inflation to help reduce the costs.\r\n\r\nUnfortunately, the stuffing was knocked out of the ordinary taxpayer who is crucial to the overall success. They do not have the confidence to purchase goods and services and therefore growth is not happening in line with central bank projected statistics given to the markets and DEFLATION is a real fear.\r\n\r\nWhat is the answer?\r\n\r\nMore stimulus.\r\n\r\nThe circle begins again and the RACE TO THE BOTTOM continues.\r\n\r\nThe big central banks; FED, ECB, BOE, BOJ and PBOC all have the ability to flood the markets and pump in cash if required and to some extent they are in continual competition to ensure growth in their economies\r\n\r\nThe RBA, RBNZ and SNB have used both jawboning and direct intervention to manipulate the markets to keep their currencies competitive through devaluation.\r\n\r\nIn last week’s blog, I made the point of saying when you are looking at the FED versus the BOJ there are trades that stand out as pretty obvious trades. This was based on the fact that no one in his or her right mind would really want to take on trading against a central bank.\r\n\r\nThis may have been a slight under-complication of matters. If all the central banks are involved, it does complicate trading a little. What I would say however is that the FED, ECB and BOJ related trades are straightforward because of the central bank monetary policies being divergent. These are great for longer-term trends.\r\n\r\nWhen you add in the BOE, SNB, RBA and RBNZ it is somewhat different and you can only really react in the short-term based around high beta news events by the central bank governors.\r\n\r\nHaving said all of that, it is a RACE TO THE BOTTOM and the biggest and deepest pockets will win, but whoever said that there was no currency manipulation going on in the world needs to review the past 5 days and then think again.\r\n\r\nWhen I first started trading there were quotes at training seminars like “DON’T FIGHT THE FED”. I would go a stage further and say “DON’T FIGHT ANY CENTRAL BANK…they have more money than you”.\r\n\r\nThere are 8/9 countries manipulating at the moment…never mind don’t fight the FED!!\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></span></li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n4.5 FUNDAMENTAL TRADES - LOOKING FORWARD TO LONGER-TERM TRADING IN 2015\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2386.</strong> Some excellent jawboning from Mario Draghi has sent this pair lower. The big question now is of course, when and where will it stop. Immediate support and resistance that I am looking at is 1.2357 and 1.2420.\r\n\r\n<strong>GBP/USD: Closing Price 1.5651</strong>. This pair has really held up well. There was really good CPi and Retail Sales data earlier last week and this has kept the cable well bid. The EUR effect is now in play and I feel that a downside move should not be ruled out. The immediate support level to look at is 1.5600. Resistance is good at 1.5735.\r\n\r\n<strong>AUD/USD: Closing Price 0.8667</strong>. The PBOC interest rate cut screwed with this pair yesterday. What was a nice pattern moving lower sprung up like a salmon. It spent most of yesterday moving back into the trend set by RBA Governor Stevens earlier in the week. Support is good at 0.8650 and resistance at 0.8780.\r\n\r\n<strong>NZD/USD: Closing Price 0.7876</strong>. This has been a painful pair to trade this past week. Poor Milk auction prices saw it collapse earlier in the week only to see it bounce back over the following couple of sessions. I am currently short this pair and long the EUR/NZD and GBP/NZD so at the moment my largest trading position is set around the Kiwi. Support at 0.8800 is good and resistance at 0.7960 is also strong.\r\n\r\n<strong>USD/CAD: Closing Price 1.1231.</strong> On the back of good CPi data yesterday it looks like we saw a false breakdown with this pair as it recovered handsomely off its lows below 1.1200. Support is at 1.1180 and resistance at 1.1300.\r\n\r\n<strong>USD/CHF: Closing Price 0.9696</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place later this month in Switzerland. Breaking out will be a problem with this data hanging over this pair. However, I am long…. and, in a small enough trade not to cause RISK concerns etc. Support is at 0.9630 and resistance 0.9740.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 117.80. </strong>Wow, the run higher continues with the JPY as central bank policy from the BOJ continues to manipulate its true value. It hit 119.00 earlier last week and fell back sharply to 118.00. It is struggling to maintain 118.00 at the moment, but it is just a matter of time before it leaps forward again. Support is at 117.40 and resistance at 118.35.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\n&nbsp;\r\n\r\nSUNDAY: N/A.\r\n\r\nMONDAY: EUR – German Ifo Business Climate.\r\nMONDAY: JPY – BOJ Kuroda speaks (twice).\r\n\r\nTUESDAY: CAD – Retail Sales.\r\nTUESDAY: USD – Preliminary GDP &amp; Consumer Confidence.\r\n\r\nWEDNESDAY: NZD – Trade Balance.\r\n\r\nTHURSDAY: NZD – ANZ Business Confidence.\r\n\r\nFRIDAY: EUR – CPi Flash Estimates.\r\nFRIDAY: CAD – GDP.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> ODDS AND ENDS:</strong></span></li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"7\">\r\n	<li><span style=\"text-decoration: underline;\"><strong> FINAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nNot as heavy a trading week coming up this week compared to last week.\r\n\r\nWe are at yet another set of crossroads. The USD (DXY) started to move to the upper area of its range and is poised for a break out. Just remember it could be a false breakout, so do not get too heavy into trades. Keep your POSITION SIZING inside your RISK MANAGEMENT levels.\r\n\r\nIf you recall, we could name 2014 the year of the false breakout. For months we seemed to be penned in by a range bound market and every time we thought that a currency had broken free it was smacked back inside the range very quickly.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 22nd 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','IT\'S A RACE TO THE BOTTOM','','inherit','open','closed','','4810-revision-v1','','','2014-11-22 13:08:25','2014-11-22 18:08:25','',4810,'https://weeklyfxdrivethru.com/4810-revision-v1/',0,'revision','',0),(4813,1,'2014-11-22 13:22:56','2014-11-22 18:22:56','','SEVERAL WAYS TO OVERCOME TRADING BURNOUT','','inherit','open','closed','','several-ways-to-overcome-trading-burnout','','','2014-11-22 13:26:50','2014-11-22 18:26:50','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf',0,'attachment','application/pdf',0),(4826,16,'2014-11-26 14:26:40','2014-11-26 19:26:40','<section class=\"pdf-links\">\r\n<div class=\"one-third first\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n</div>\r\n<div class=\"one-third\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n</div>\r\n<div class=\"one-third\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf\">SEVERAL WAYS TO OVERCOME TRADING BURNOUT</a>\r\n</div>\r\n</section>\r\n\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-26 14:26:40','2014-11-26 19:26:40','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4817,1,'2014-11-22 13:26:58','2014-11-22 18:26:58','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n<div class=\"one-third\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</a>\r\n<div class=\"one-half first\"></div>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf\">SEVERAL WAYS TO OVERCOME TRADING BURNOUT</a>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\"></div>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>\r\n<div class=\"one-third\"></div>\r\n&nbsp;\r\n\r\n</section>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-22 13:26:58','2014-11-22 18:26:58','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4818,1,'2014-11-24 07:40:41','2014-11-24 12:40:41','<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>\r\n</strong>\r\n\r\n<strong>DATE: Monday 24th November 2014\r\nREF: #132</strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI had a chance just after the weekly open to close off several trades with small positive values, but I decided against it at the time. Those trades are currently running at about 20-30 negative on the day.\r\n\r\nFundamentally, nothing has changed. Markets are moving, basically re-adjusting price. Last week we saw what we will be seeing for the foreseeable future, that is Central Bank intervention. As I have written before, the great thing about Central Bank monetary policies are that they do not change direction in an instant and giving the fears in world markets, at least we know that any change in Central bank policy will be very heavily publicized to avoid panic or uncertainty.\r\n\r\nIt is therefore, just a fact that the longer-term directions are plain to see, we as small fry traders cannot fight Central Bank policy we have to try and understand the directional interplay within currency pairs and trade accordingly. Even with huge volumes of cash being thrown at the markets, do not expect straight line moves in any particular direction. Because every Central Bank “is in it to win it” it will get ugly and dirty at times, patience will be required as well as trader savvy.\r\n\r\nI have within the PREMIUM SERVICE nine (9) LIVE trades at the moment (listed later in this blog): -\r\n<ul>\r\n	<li>1 trade is what I would call speculative.</li>\r\n	<li>2 trades are based upon RISK OFF (RISK AVERSION).</li>\r\n	<li>6 trades are really LIVE in accordance with my FUNDAMENTAL views.</li>\r\n</ul>\r\nAll 9 trades are under 50% position sizes. Only 2 trades are at 40% position sizes, the rest are either 20% or 10% position sizes. What does this tell you?\r\n<ol>\r\n	<li>I am either CHICKEN !!\r\nor</li>\r\n	<li>I want to have skin in the market but I am waiting for consolidation ranges to break in line with longer-term trends?\r\nor</li>\r\n	<li>I believe my fundamental views are in line with Central Bank direction and want to be LIVE in the market with small positions waiting for ranges to break?</li>\r\n</ol>\r\nBasically it\'s a combination of 2 and 3. I am confident that I am in the market directionally the correct way. I am live with small position sizes, looking to establish trading positions.\r\n\r\nI am a LOW RISK trader, I am not interested in larger position sizes until trades are established and my TRADING PLAN, which I follow has me disciplined this way.\r\n\r\nI am not expecting a busy week this week until the end of the week when EUROZONE CPi data is released. This will be scrutinized to death and will be paramount to ECB moves next week. It is Thanksgiving holiday this week in the U.S. and many traders will be taking a very long weekend, some starting Wednesday. Expect thin trading and extra volatility towards the end of the week.\r\n\r\nLooking around the markets, U.S. equities and European bourses are up, but the Holy Trinity (GOLD, OIL and COPPER) are all lower this morning. Just remember on Friday last week the USD close above 88.25 in breakout territory. Do not write this off even we have bounced this morning on the back of the German \"ifo\" numbers.\r\n\r\nI have no intention as I type this article to enter any more trades, however, should something jump off the page I will be on twitter.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nJPY: - BOJ Kuroda speaks (twice).\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5000\r\nLimit at 1.6440\r\nPrice now 1.5758\r\nCurrent Profit / Loss Position –172 pips\r\n(Hedged trade in play from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong at 1.1260\r\nStop at 1.0980\r\nLimit at 1.1500\r\nPrice now 1.1242\r\nCurrent Profit / Loss Position -18 pips<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2024\r\nCurrent Profit / Loss Position -16 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2381\r\nStop at 1.2480\r\nLimit at 1.1860\r\nPrice now 1.2406\r\nCurrent Profit / Loss Position -25 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong at 0.9703\r\nStop at 0.9630\r\nLimit at 0.9950\r\nPrice now 0.9690\r\nCurrent Profit / Loss Position -13 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort at 1.5649\r\nStop at 1.5750\r\nLimit at 1.5450\r\nPrice now 1. 5692\r\nCurrent Profit / Loss Position -43 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\nPrice now 0.8626\r\nCurrent Profit / Loss Position +44 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\nPrice now 0.7867\r\nCurrent Profit / Loss Position +13 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong at 1.9950\r\nStop at 1.9000\r\nLimit at 2.0500\r\nPrice now 1.9948\r\nCurrent Profit / Loss Position -2 pips\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\n&nbsp;\r\n\r\nGood luck today. Try not to get caught on what looks like a move that turns out to be a false break. The only way to protect yourself in this instance is to trade smaller positions with wider stop losses in line with your RISK MANAGEMENT tolerances. TRADING DISCIPLE will be paramount this week.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#132 - THE DAILY FX POST, Monday 24th November 2014','','publish','open','closed','','132-daily-fx-post-monday-24th-november-2014','','','2014-11-24 07:40:41','2014-11-24 12:40:41','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4818',0,'member_posts','',0),(4819,1,'2014-11-24 07:39:08','2014-11-24 12:39:08','<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>\r\n</strong>\r\n\r\n<strong>DATE: Monday 24th November 2014\r\nREF: #132</strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI had a chance just after the weekly open to close off several trades with small positive values, but I decided against it at the time. Those trades are currently running at about 20-30 negative on the day.\r\n\r\nFundamentally, nothing has changed. Markets are moving, basically re-adjusting price. Last week we saw what we will be seeing for the foreseeable future, that is Central Bank intervention. As I have written before, the great thing about Central Bank monetary policies are that they do not change direction in an instant and giving the fears in world markets, at least we know that any change in Central bank policy will be very heavily publicized to avoid panic or uncertainty.\r\n\r\nIt is therefore, just a fact that the longer-term directions are plain to see, we as small fry traders cannot fight Central Bank policy we have to try and understand the directional interplay within currency pairs and trade accordingly. Even with huge volumes of cash being thrown at the markets, do not expect straight line moves in any particular direction. Because every Central Bank “is in it to win it” it will get ugly and dirty at times, patience will be required as well as trader savvy.\r\n\r\nI have within the PREMIUM SERVICE nine (9) LIVE trades at the moment (listed later in this blog): -\r\n<ul>\r\n	<li>1 trade is what I would call speculative.</li>\r\n	<li>2 trades are based upon RISK OFF (RISK AVERSION).</li>\r\n	<li>6 trades are really LIVE in accordance with my FUNDAMENTAL views.</li>\r\n</ul>\r\nAll 9 trades are under 50% position sizes. Only 2 trades are at 40% position sizes, the rest are either 20% or 10% position sizes. What does this tell you?\r\n<ol>\r\n	<li>I am either CHICKEN !!\r\nor</li>\r\n	<li>I want to have skin in the market but I am waiting for consolidation ranges to break in line with longer-term trends?\r\nor</li>\r\n	<li>I believe my fundamental views are in line with Central Bank direction and want to be LIVE in the market with small positions waiting for ranges to break?</li>\r\n</ol>\r\nBasically it\'s a combination of 2 and 3. I am confident that I am in the market directionally the correct way. I am live with small position sizes, looking to establish trading positions.\r\n\r\nI am a LOW RISK trader, I am not interested in larger position sizes until trades are established and my TRADING PLAN, which I follow has me disciplined this way.\r\n\r\nI am not expecting a busy week this week until the end of the week when EUROZONE CPi data is released. This will be scrutinized to death and will be paramount to ECB moves next week. It is Thanksgiving holiday this week in the U.S. and many traders will be taking a very long weekend, some starting Wednesday. Expect thin trading and extra volatility towards the end of the week.\r\n\r\nLooking around the markets, U.S. equities and European bourses are up, but the Holy Trinity (GOLD, OIL and COPPER) are all lower this morning. Just remember on Friday last week the USD close above 88.25 in breakout territory. Do not write this off even we have bounced this morning on the back of the German \"ifo\" numbers.\r\n\r\nI have no intention as I type this article to enter any more trades, however, should something jump off the page I will be on twitter.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nJPY: - BOJ Kuroda speaks (twice).\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5000\r\nLimit at 1.6440\r\nPrice now 1.5758\r\nCurrent Profit / Loss Position –172 pips\r\n(Hedged trade in play from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong at 1.1260\r\nStop at 1.0980\r\nLimit at 1.1500\r\nPrice now 1.1242\r\nCurrent Profit / Loss Position -18 pips<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2024\r\nCurrent Profit / Loss Position -16 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2381\r\nStop at 1.2480\r\nLimit at 1.1860\r\nPrice now 1.2406\r\nCurrent Profit / Loss Position -25 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong at 0.9703\r\nStop at 0.9630\r\nLimit at 0.9950\r\nPrice now 0.9690\r\nCurrent Profit / Loss Position -13 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort at 1.5649\r\nStop at 1.5750\r\nLimit at 1.5450\r\nPrice now 1. 5692\r\nCurrent Profit / Loss Position -43 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\nPrice now 0.8626\r\nCurrent Profit / Loss Position +44 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\nPrice now 0.7867\r\nCurrent Profit / Loss Position +13 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong at 1.9950\r\nStop at 1.9000\r\nLimit at 2.0500\r\nPrice now 1.9948\r\nCurrent Profit / Loss Position -2 pips\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\nGood luck today. Try not to get caught on what looks like a move that turns out to be a false break. The only way to protect yourself in this instance is to trade smaller positions with wider stop losses in line with your RISK MANAGEMENT tolerances. TRADING DISCIPLE will be paramount this week.\r\nScott Pickering\r\nThe Pip Accumulator\r\n<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\nTwitter: @ThePremService\r\nEmail: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#132 - THE DAILY FX POST, Monday 24th November 2014','','inherit','open','closed','','4818-revision-v1','','','2014-11-24 07:39:08','2014-11-24 12:39:08','',4818,'https://weeklyfxdrivethru.com/4818-revision-v1/',0,'revision','',0),(4820,1,'2014-11-24 07:40:22','2014-11-24 12:40:22','<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>\r\n</strong>\r\n\r\n<strong>DATE: Monday 24th November 2014\r\nREF: #132</strong>\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nI had a chance just after the weekly open to close off several trades with small positive values, but I decided against it at the time. Those trades are currently running at about 20-30 negative on the day.\r\n\r\nFundamentally, nothing has changed. Markets are moving, basically re-adjusting price. Last week we saw what we will be seeing for the foreseeable future, that is Central Bank intervention. As I have written before, the great thing about Central Bank monetary policies are that they do not change direction in an instant and giving the fears in world markets, at least we know that any change in Central bank policy will be very heavily publicized to avoid panic or uncertainty.\r\n\r\nIt is therefore, just a fact that the longer-term directions are plain to see, we as small fry traders cannot fight Central Bank policy we have to try and understand the directional interplay within currency pairs and trade accordingly. Even with huge volumes of cash being thrown at the markets, do not expect straight line moves in any particular direction. Because every Central Bank “is in it to win it” it will get ugly and dirty at times, patience will be required as well as trader savvy.\r\n\r\nI have within the PREMIUM SERVICE nine (9) LIVE trades at the moment (listed later in this blog): -\r\n<ul>\r\n	<li>1 trade is what I would call speculative.</li>\r\n	<li>2 trades are based upon RISK OFF (RISK AVERSION).</li>\r\n	<li>6 trades are really LIVE in accordance with my FUNDAMENTAL views.</li>\r\n</ul>\r\nAll 9 trades are under 50% position sizes. Only 2 trades are at 40% position sizes, the rest are either 20% or 10% position sizes. What does this tell you?\r\n<ol>\r\n	<li>I am either CHICKEN !!\r\nor</li>\r\n	<li>I want to have skin in the market but I am waiting for consolidation ranges to break in line with longer-term trends?\r\nor</li>\r\n	<li>I believe my fundamental views are in line with Central Bank direction and want to be LIVE in the market with small positions waiting for ranges to break?</li>\r\n</ol>\r\nBasically it\'s a combination of 2 and 3. I am confident that I am in the market directionally the correct way. I am live with small position sizes, looking to establish trading positions.\r\n\r\nI am a LOW RISK trader, I am not interested in larger position sizes until trades are established and my TRADING PLAN, which I follow has me disciplined this way.\r\n\r\nI am not expecting a busy week this week until the end of the week when EUROZONE CPi data is released. This will be scrutinized to death and will be paramount to ECB moves next week. It is Thanksgiving holiday this week in the U.S. and many traders will be taking a very long weekend, some starting Wednesday. Expect thin trading and extra volatility towards the end of the week.\r\n\r\nLooking around the markets, U.S. equities and European bourses are up, but the Holy Trinity (GOLD, OIL and COPPER) are all lower this morning. Just remember on Friday last week the USD close above 88.25 in breakout territory. Do not write this off even we have bounced this morning on the back of the German \"ifo\" numbers.\r\n\r\nI have no intention as I type this article to enter any more trades, however, should something jump off the page I will be on twitter.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nJPY: - BOJ Kuroda speaks (twice).\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span><strong> </strong></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT219\r\nEUR/NZD\r\nLong at 1.5930\r\nStop at 1.5000\r\nLimit at 1.6440\r\nPrice now 1.5758\r\nCurrent Profit / Loss Position –172 pips\r\n(Hedged trade in play from -100 pips)\r\n\r\nRT222\r\nUSD/CAD\r\nLong at 1.1260\r\nStop at 1.0980\r\nLimit at 1.1500\r\nPrice now 1.1242\r\nCurrent Profit / Loss Position -18 pips<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2024\r\nCurrent Profit / Loss Position -16 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2381\r\nStop at 1.2480\r\nLimit at 1.1860\r\nPrice now 1.2406\r\nCurrent Profit / Loss Position -25 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong at 0.9703\r\nStop at 0.9630\r\nLimit at 0.9950\r\nPrice now 0.9690\r\nCurrent Profit / Loss Position -13 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort at 1.5649\r\nStop at 1.5750\r\nLimit at 1.5450\r\nPrice now 1. 5692\r\nCurrent Profit / Loss Position -43 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN68\r\nAUD/USD\r\nShort at 0.8670\r\nStop at 0.8750\r\nLimit at 0.8000\r\nPrice now 0.8626\r\nCurrent Profit / Loss Position +44 pips\r\n\r\nFUN70\r\nNZD/USD\r\nShort at 0.7880\r\nStop at 0.7960\r\nLimit at 0.7000\r\nPrice now 0.7867\r\nCurrent Profit / Loss Position +13 pips\r\n\r\nFUN72\r\nGBP/NZD\r\nLong at 1.9950\r\nStop at 1.9000\r\nLimit at 2.0500\r\nPrice now 1.9948\r\nCurrent Profit / Loss Position -2 pips\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\n&nbsp;\r\n\r\nGood luck today. Try not to get caught on what looks like a move that turns out to be a false break. The only way to protect yourself in this instance is to trade smaller positions with wider stop losses in line with your RISK MANAGEMENT tolerances. TRADING DISCIPLE will be paramount this week.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#132 - THE DAILY FX POST, Monday 24th November 2014','','inherit','open','closed','','4818-revision-v1','','','2014-11-24 07:40:22','2014-11-24 12:40:22','',4818,'https://weeklyfxdrivethru.com/4818-revision-v1/',0,'revision','',0),(4822,1,'2014-11-26 08:27:37','2014-11-26 13:27:37','<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: Wednesday 26th November 2014\r\nREF: #133</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWe are in a thin volume range bound market; I wish that I wasn\'t.\r\n\r\nCurrencies are “squeezy” and the USD index (DXY) has been bouncing around from highs to lows between the open of the European session and now. It’s not far off support at 87.60 at from where I am expecting a bounce to catch people out who have loaded up with USD selling trades, the high overnight was 88.00.\r\n\r\nIn my opinion, fundamentally nothing has changed. There will be a lot of U.S. traders not at their desks today so any Forex moves will be to some extent unchecked. Expect volatility for no reason as large orders are placed into the markets.\r\n\r\nFor the open LIVE TRADES I tweeted a about an hour or so ago new levels to keep the positions alive. My positions are between 10-20% of my full position size, so my risks are very low.\r\n\r\nThese trades are open with my U.S. broker, which allows me to cost average the positions. This was deliberate, as when I decided to open these trades last Friday on the belief that USD strength would continue into this week. That did NOT happen the way I thought that it would.\r\n\r\nDo not expect much today, ranges will be tested and please be careful of false breakouts or false breakdowns.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Durable Goods, Unemployment Claims &amp; New Home Sales.\r\n\r\nNZD: - Trade balance.\r\nAUD: - Private Capital Expenditure.\r\n\r\nEUR: - German CPi\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR TRADES at this time.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2024\r\nCurrent Profit / Loss Position -16 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2381\r\nStop at 1.2550\r\nLimit at 1.1860\r\nPrice now 1.2474\r\nCurrent Profit / Loss Position -93 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong at 0.9703\r\nStop at 0.9580\r\nLimit at 0.9950\r\nPrice now 0.9638\r\nCurrent Profit / Loss Position -65 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort at 1.5649\r\nStop at 1.5820 (Ultimate risk is around 1.5880)\r\nLimit at 1.5450\r\nPrice now 1. 5766\r\nCurrent Profit / Loss Position -117 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\n&nbsp;\r\n\r\nGood luck today. Try not to get caught on what looks like a move that turns out to be a false break. The only way to protect yourself in this instance is to trade smaller positions with wider stop losses in line with your RISK MANAGEMENT tolerances. TRADING DISCIPLE will be paramount this week.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#133 - THE DAILY FX POST, Wednesday 26th November 2014','','publish','open','closed','','133-daily-fx-post-wednesday-26th-november-2014','','','2014-11-26 08:27:37','2014-11-26 13:27:37','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4822',0,'member_posts','',0),(4823,1,'2014-11-26 08:27:09','2014-11-26 13:27:09','<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>\r\n\r\n</strong>\r\n\r\n<strong>DATE: Wednesday 26th November 2014\r\nREF: #133</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWe are in a thin volume range bound market; I wish that I wasn\'t.\r\n\r\nCurrencies are “squeezy” and the USD index (DXY) has been bouncing around from highs to lows between the open of the European session and now. It’s not far off support at 87.60 at from where I am expecting a bounce to catch people out who have loaded up with USD selling trades, the high overnight was 88.00.\r\n\r\nIn my opinion, fundamentally nothing has changed. There will be a lot of U.S. traders not at their desks today so any Forex moves will be to some extent unchecked. Expect volatility for no reason as large orders are placed into the markets.\r\n\r\nFor the open LIVE TRADES I tweeted a about an hour or so ago new levels to keep the positions alive. My positions are between 10-20% of my full position size, so my risks are very low.\r\n\r\nThese trades are open with my U.S. broker, which allows me to cost average the positions. This was deliberate, as when I decided to open these trades last Friday on the belief that USD strength would continue into this week. That did NOT happen the way I thought that it would.\r\n\r\nDo not expect much today, ranges will be tested and please be careful of false breakouts or false breakdowns.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Durable Goods, Unemployment Claims &amp; New Home Sales.\r\n\r\nNZD: - Trade balance.\r\nAUD: - Private Capital Expenditure.\r\n\r\nEUR: - German CPi\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:\r\n\r\n</strong>There are no LIVE RADAR TRADES at this time.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2024\r\nCurrent Profit / Loss Position -16 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2381\r\nStop at 1.2550\r\nLimit at 1.1860\r\nPrice now 1.2474\r\nCurrent Profit / Loss Position -93 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong at 0.9703\r\nStop at 0.9580\r\nLimit at 0.9950\r\nPrice now 0.9638\r\nCurrent Profit / Loss Position -65 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort at 1.5649\r\nStop at 1.5820 (Ultimate risk is around 1.5880)\r\nLimit at 1.5450\r\nPrice now 1. 5766\r\nCurrent Profit / Loss Position -117 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\n&nbsp;\r\n\r\nGood luck today. Try not to get caught on what looks like a move that turns out to be a false break. The only way to protect yourself in this instance is to trade smaller positions with wider stop losses in line with your RISK MANAGEMENT tolerances. TRADING DISCIPLE will be paramount this week.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#133 - THE DAILY FX POST, Wednesday 26th November 2014','','inherit','open','closed','','4822-revision-v1','','','2014-11-26 08:27:09','2014-11-26 13:27:09','',4822,'https://weeklyfxdrivethru.com/4822-revision-v1/',0,'revision','',0),(4824,1,'2014-11-26 08:27:37','2014-11-26 13:27:37','<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: Wednesday 26th November 2014\r\nREF: #133</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li><span style=\"font-size: 12pt;\"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>\r\n</ol>\r\nWe are in a thin volume range bound market; I wish that I wasn\'t.\r\n\r\nCurrencies are “squeezy” and the USD index (DXY) has been bouncing around from highs to lows between the open of the European session and now. It’s not far off support at 87.60 at from where I am expecting a bounce to catch people out who have loaded up with USD selling trades, the high overnight was 88.00.\r\n\r\nIn my opinion, fundamentally nothing has changed. There will be a lot of U.S. traders not at their desks today so any Forex moves will be to some extent unchecked. Expect volatility for no reason as large orders are placed into the markets.\r\n\r\nFor the open LIVE TRADES I tweeted a about an hour or so ago new levels to keep the positions alive. My positions are between 10-20% of my full position size, so my risks are very low.\r\n\r\nThese trades are open with my U.S. broker, which allows me to cost average the positions. This was deliberate, as when I decided to open these trades last Friday on the belief that USD strength would continue into this week. That did NOT happen the way I thought that it would.\r\n\r\nDo not expect much today, ranges will be tested and please be careful of false breakouts or false breakdowns.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>\r\n</ol>\r\nUSD: - Durable Goods, Unemployment Claims &amp; New Home Sales.\r\n\r\nNZD: - Trade balance.\r\nAUD: - Private Capital Expenditure.\r\n\r\nEUR: - German CPi\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> EXISTING LIVE TRADES:</strong></span></li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR TRADES at this time.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2024\r\nCurrent Profit / Loss Position -16 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2381\r\nStop at 1.2550\r\nLimit at 1.1860\r\nPrice now 1.2474\r\nCurrent Profit / Loss Position -93 pips\r\n\r\nFT246\r\nUSD/CHF\r\nLong at 0.9703\r\nStop at 0.9580\r\nLimit at 0.9950\r\nPrice now 0.9638\r\nCurrent Profit / Loss Position -65 pips\r\n\r\nFT247\r\nGBP/USD\r\nShort at 1.5649\r\nStop at 1.5820 (Ultimate risk is around 1.5880)\r\nLimit at 1.5450\r\nPrice now 1. 5766\r\nCurrent Profit / Loss Position -117 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li><span style=\"font-size: 12pt;\"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>\r\n</ol>\r\nRT220\r\nGBP/USD\r\nShort at 1.5800\r\nStop at 1.5860\r\nLimit at 1.5450\r\n\r\n&nbsp;\r\n\r\nGood luck today. Try not to get caught on what looks like a move that turns out to be a false break. The only way to protect yourself in this instance is to trade smaller positions with wider stop losses in line with your RISK MANAGEMENT tolerances. TRADING DISCIPLE will be paramount this week.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#133 - THE DAILY FX POST, Wednesday 26th November 2014','','inherit','open','closed','','4822-revision-v1','','','2014-11-26 08:27:37','2014-11-26 13:27:37','',4822,'https://weeklyfxdrivethru.com/4822-revision-v1/',0,'revision','',0),(4890,1,'2014-12-05 07:30:20','2014-12-05 12:30:20','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></h2>\r\n&nbsp;\r\n<h3><strong>DATE: Friday 5th December 2014\r\nREF: #138</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nWTF. That was my only reaction to yesterday. Draghi jawbones, then 3 hours later after a EUR sell-off we get a press release telling us QE plans are drawn for January 2015 and the EUR does a spectacular dump across all EUR related pairs. How can this be viewed?\r\n\r\nAnyway it was what it was! Thankfully, at that stage I was able to make bonus pips from a USD/CHF that picked up on a limit order almost to the pip. I took +60 pips from that trade, several of you took 30 or 40 pips and a few of you are still in the trade now positive +80 pips. Well done to those still LIVE, but I would severely protect $$$, if not close and take all $$$ ahead of NFP.\r\n\r\nWhen it was all said and done yesterday was a +150 pip day….nice.\r\n\r\nOvernight, we also had another perfect limit order set up the EUR/GBP short (RT233), almost to the pip at 0.7920 the short trade triggered it now sits nicely in profit as the EUR/USD has moved back in the trend. This was e text book trade join the sense that we two re-tests of the entry level.\r\n\r\nRight now we have a rock ‘n roll USD/JPY busting out through 120.00, all the JPY are along for the ride. We will need a really poor NFP number later to stop this move.\r\n\r\nIt looks like the USD bulls are back as the market is expecting a great print in jobs.\r\n\r\nAs usual with NFP, watch for the knee-jerk reaction and try to play it cool and wait at least 10-15 minutes before doing your thing. I will be trading, I think, and, this will be via FLASH TRADE set-ups. I have a few set-ups in mind and these will come via twitter.\r\n\r\nFinally, there will be DAILY FX POSTS through next week, however, tomorrow, maybe Sunday this weekend, will be the final WEEKLY FX DRIVE THRU of 2014. The DRIVE THRU will not re-appear after this weekend until 10<sup>th</sup> January 2015.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - Non-Farm Employment Change, Unemployment Rate &amp; Trade Balance.\r\nCAD: - Employment Change, Unemployment Rate &amp; Trade Balance.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT233\r\nEUR/GBP\r\nSHORT\r\nShort from 0.7920\r\nStop at 0.7920 - <span style=\"text-decoration: underline;\"><strong>(PLEASE NOTE THE STOP IS NOW AT BREAK EVEN for NFP)</strong></span>\r\nLimit at 0.7800\r\nPrice Now 0.7873\r\nCurrent Profit / Loss Position +47 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2019\r\nCurrent Profit / Loss Position -21 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL TRADES at this point in time.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8440\r\nStop at 0.8550\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1340\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\nPLEASE NOTE:\r\nThe following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago.\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit a\r\nt 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\r\n\r\nFinally, good luck today and take care. Try to trade with smaller positions first until your trades get established by say 30 pips or so.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#138 - THE DAILY FX POST, Friday 5th December 2014','','publish','open','closed','','138-daily-fx-post-friday-5th-december-2014','','','2014-12-05 07:30:20','2014-12-05 12:30:20','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4890',0,'member_posts','',0),(4827,16,'2014-11-26 14:27:54','2014-11-26 19:27:54','<section class=\"pdf-links\">\r\n<div class=\"one-third first\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a></div>\r\n<div class=\"one-third\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n</div>\r\n<div class=\"one-third\">\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf\">SEVERAL WAYS TO OVERCOME TRADING BURNOUT</a>\r\n</div>\r\n</section>\r\n\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-26 14:27:54','2014-11-26 19:27:54','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4832,1,'2014-11-26 20:26:30','2014-11-27 01:26:30','<section class=\"members\"><span style=\"text-decoration: underline;\"><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 Essentials</a><a title=\"Candlesticks\" href=\"./candlesticks/\">Candlesticks</a><a title=\"Chart Patterns\" href=\"./chart-patterns/\">Chart Patterns</a></span></section>','Education','','inherit','open','closed','','2267-revision-v1','','','2014-11-26 20:26:30','2014-11-27 01:26:30','',2267,'https://weeklyfxdrivethru.com/2267-revision-v1/',0,'revision','',0),(4859,1,'2014-11-29 13:24:21','2014-11-29 18:24:21','<h2 style=\"text-align: center;\"><strong>#40 – THE PREMIUM SERVICE\r\n</strong><strong>(EXTENDED VERSION)</strong></h2>\r\n<h2 style=\"text-align: center;\"><strong> THE WEEKLY FX DRIVE THRU\r\n</strong><strong>29.11.2014</strong></h2>\r\n<h2></h2>\r\n<ol>\r\n	<li>\r\n<h3><strong> INTRODUCTION:</strong></h3>\r\n</li>\r\n</ol>\r\nI felt as if last weeks’ trading was dominated by two events from the last 48 hours which were the OPEC decision from Vienna and CPi statistics from the EUROZONE. Both were very high profile data releases.\r\n\r\nThey both coincided with the U.S. Thanksgiving holiday, and, as a result, because so many traders in the U.S. would have been away on extended vacations, I feel that we have not yet seen the full ramifications of the news.\r\n\r\nThe OPEC decision not to cut production, in my opinion, is a clear message to U.S. shale producers. The cost to extract oil is now going to become much more prevalent in the news as the price of oil falls as a result of the over supply position in the market.\r\n\r\nThe EUROZONE news with CPi and Unemployment numbers in line with expectations, I think is a small relief rally before returning in the trend direction. Only a break above 1.2580-1.2600 would change my views.\r\n\r\nOn a general trading overview, we are still very range bound, which is annoying unless you are a range trader.\r\n\r\nThis coming week looks like one of the strongest weeks from a major news event risk perspective. The highlights being: -\r\n\r\nSNB Gold Asset Vote.\r\nRBA, BOC, BOE and ECB Interest Rate Decisions and Statements.\r\nECB - Press Conference.\r\nUSD, GBP, CNY and CAD - PMi data.\r\n\r\nCentral Bankers speaking from: RBNZ, USD, ECB and BOC.\r\n\r\nUSD – Non-Farm Employment Change.\r\n\r\nIt will be a very busy week indeed. With all these events one would expect to see not just the ranges tested but broken. It will be a hectic week to say the least.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> THE PREMIUM SERVICE:\r\n</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></h3>\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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA very quiet, but profitable week of trading due to the U.S. Thanksgiving holiday, I did not really trade much beyond Wednesday and this is reflected in both profitability and number of trades.\r\n\r\nI only added 8 trades in the week, 7 were profitable and only one trade produced a loss.\r\n\r\nThe Forex market is still range bound and whilst the ranges contain prices, we are subject to false breakdowns and false breakouts. I feel that I am writing about caution all the time and to trade against this backdrop can be difficult not just for new traders but also for traders who have a few years experience.\r\n\r\nWe had a couple of weeks a while back when trading was directional but since then the USD (DXY) has kept us range bound. Ever since the 20+ year trend line was taken out the DXY has found it very hard to sustain momentum higher and we have really just been in a chop fest.\r\n\r\nHowever that said, I am pleased to have made profits, so its time to move forward once again.\r\n\r\n<span style=\"text-decoration: underline;\">THE PREMIUM SERVICE</span>\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 48\r\n\r\nPROFITABLE TRADES                   = 41 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 7 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the numbers of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 482 trades at a cost of $48.20 and earned from those trades $1,079.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $144.60 ($48.20 x 3) and from those trades you would have earned $3,239.10 ($1,079.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 482 trades at a cost of $482.00 and earned from those trades $10,797.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,446.00 ($482.00 x 3) and from those trades you would have earned $32,391.00 ($10,797.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 482 trades at a cost of $4,820.00 and earned from those trades $107.970.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,660.00 ($4,820.00 x 3) and from those trades you would have earned $323,910.00 ($107,970.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> WHAT’S ON MY MIND:</strong><strong> </strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:\r\n</strong><strong>WHAT A F****D UP MARKET FOREX IS</strong></h3>\r\nAs I have had time over the past few days, through lack of trading, to sit back and look through my old journals, excel spreadsheets and blogs from this year the common theme from my written work has been repeated so many times.\r\n\r\nI had been writing about weird markets, unreal conditions, currency manipulation, divergences both inter-market and inter-currency as well as false accounting due to companies themselves buying up their own stock to inflate their balance sheets to show a better return than the actual true performance and so keeping the stock markets high and the related currencies for the most part supporting this. It is all bulls**t.\r\n\r\nDo fundamental views still count and are the technical as important given the above comments?\r\n\r\nI am just not certain any longer. I have my fundamental views and I see and read as many articles and bank reports as possible, although the banks just sell their own book anyhow. Why I continue to read them puzzles me as all they want you to do is buy or sell on their say so when its obvious that 99% of the time they are trading opposite to their press releases and articles.\r\n\r\nWhat is the true value of one U.S. dollar, one yen, one Aussie dollar, one Kiwi dollar or the pound? I couldn\'t tell you.\r\n\r\nThere is so much currency manipulation in the financial markets right now, that makes trading difficult to deal with at times. However when you add in the economic data that is released, in particular from China, which in the majority of cases is not believed to be credible, this adds to trading difficulties. Yet we operate in a Global market that nevertheless responds to the data releases as if they were 100% accurate. Then as traders we listen to analysts after a short cooling off period poo-pooing the data. It is a screwed up market that we have to try to trade within. How on earth is it possible on the majority of occasions to trade effectively when charts and fundamentals are skewed?\r\n\r\nI know that this is too highbrow, but it is relevant to currency trading. This is the market that we rely upon for a living whether it is full or part-time trading. I wrote last week about THE RACE TO THE BOTTOM. Having given that more thought, where is the bottom and when and where does this central bank intervention / manipulation end?\r\n\r\nFrom a Forex trading perspective right now, today, this moment, central bank policies are divergent.\r\n\r\n<strong>The FED: Quantitative Easing (QE) / Tapering reductions in support have ended and we are now awaiting news from the FED to tell us when interest rates are going to rise.</strong>\r\n\r\n<strong>The BOJ: Has dwarfed the FED levels of QE and by accounts it is similar to a poker play “ALL IN” to try and turn a DEFLATIONARY economy into a regular inflationary growth economy with normal supply and demand.</strong>\r\n\r\n<strong>The ECB: Failed at austerity measures as their preferred option after the 2008 financial crash. Zero growth and DEFLATION concerns worry the EUROZONE. The ECB is now looking at a bond buying program, despite the arguments against from Germany and it is rumoured that an ECB version of QE will be launched very early next year 2015 </strong>\r\n\r\n<strong>The BOE: Governor Mark Carney led the markets up the garden path a few months ago with his famed Mansion House Speech at the London Lord Mayors Banquet. Ever since he uttered the words that interest rates in the UK would rise quicker than the markets expected, he and his colleagues at the BOE have been in a JCB digging themselves a bigger hole to sit in. However, the BOE like the U.S. is coming out of easing, but it will probably be behind the FED. Maybe there will be a coordinated effort to increase interest rates.</strong>\r\n\r\n<strong>The RBA: Governor Glenn Stevens is the jawboning specialist along with the other key heads at the RBA. They are looking for around a 0.8000 level with the AUD/USD.</strong>\r\n\r\n<strong>The RBNZ: Governor Graeme Wheeler has intervened directly into the Forex markets in 2014 to weaken the strong Kiwi dollar. He has NOT ruled out doing it again. The New Zealand Prime Minister, John Key an ex currency chap has himself indicated on no less than three occasions that his target for the NZD/USD is closer to 0.6500. That\'s a long, long, long way away from current levels.</strong>\r\n\r\n<strong>The SNB: The peg on the EUR/CHF at 1.2000 will be very well defended according to SNB Governor Jordan. The big test will come this weekend on the GOLD referendum if a yes vote is carried; we may GAP DOWN sub 1.2000.</strong>\r\n\r\nThe more I think about Central Bank intervention / manipulation, whatever side of the fence you sit on and want to name it, I just cannot see one central bank going it alone in raising rates. It would be so difficult to maintain momentum; I just don\'t see it. The UK and the U.S. at best may try to raise rates together in a coordinated effort but I think that that is the best scenario out there, and that in itself could be years away.\r\n\r\nThe BOJ and the ECB will be easing for years to come, the EUROZONE does not unfortunately contain 19 Irish economies. The BOJ and ruling party in Japan were so scared of the effect of a sales tax rise the government had to dissolve parliament and seek a fresh mandate to continue with its policies. This is hardly encouraging for the longer-term. What happens if outgoing Prime Minister Shinzu Abe fails to get re-elected?\r\n\r\nAs traders, I think we can live off the back of central bank monetary policies providing us with our fundamental views, and, I do to a large extent believe and trust technicals on the charts but, for once I am now more fundamentally based on trading as the central banks should NOT be traded against as a policy unless it is at best intra-day and no more.\r\n\r\nI have told all people via these blogs that I am a fundamental trader first looking for technicals to fall in place. I see no reason to change for the foreseeable future.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></h3>\r\n</li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FOREX TRADING PERFORMANCE:</strong></p>\r\nWhen you are trading, it is very easy to get lost in the price action frenzy and neglect your physical well being at some point. If you are giving up eating or sleeping in exchange for a bunch of hours trying to catch pips, you could end up destroying your most important tool: your body.\r\n\r\nHave you ever tried trading without enough sleep or with an empty stomach? If the answer is yes, then you probably know how tough it is to concentrate and make sound trading decisions when you feel physically run down. You see, trading requires concentration, and concentration requires effort. If you don’t put enough effort into ensuring your physical well being, your trading could also suffer.\r\n\r\nWithout a sound mind and body, it is extremely difficult to stay focused. When you cant focus, you increase your exposure to trading mistakes, such as forgetting to follow your trading plan or failing to do your research before placing a trade.\r\n\r\nAttempting to overcompensate for this worn out physical state can be damaging as well. For instance, trying to stay alert by downing several cups of coffee can put you in such a hyperactive state that you wind up overtrading. Either way, if your body is screwed, your trading gets screwed.\r\n\r\nJust like any sport, trading requires us to be in our tiptop shape. Athletes maintain healthy lifestyles and make it a point to be well rested before their games and so should you.\r\n\r\nGetting fit could be as simple as taking care of your body. When you get enough sleep, eat the right food (no that doesn’t include sugar-free donuts), and do just enough exercise to maintain good blood circulation, you will increase your chances of making good decisions with your trades.\r\n\r\nAs important as the body is though, its our mind that does most of the work in trading, but I will share a secret with you: Some of the most effective tricks in getting our minds in good shape are also the simplest: getting enough sleep, not drinking too much alcohol, not taking illegal substances, and not working too hard.\r\n\r\nAnother very important but often-neglected practice is to take breaks whenever needed. Whether its walking away from your screen for five minutes, or taking your family on a weekend vacation, it is essential for you to be free of your personal worries while you are trading.\r\n\r\nRemember that a trading career is a marathon and not a sprint. This means that we have to pace ourselves if we ever want to become consistently profitable traders. Some might not get there anytime soon, but taking care of the body, our most important trading tool, is certainly a step in the right direction.\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE RADAR TRADES at this time.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2020\r\nCurrent Profit / Loss Position: -20 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2446\r\nStop at 1.2550\r\nLimit at 1.1860\r\nClosing Price: 1.2448\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nFT245\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7871\r\nStop at 0.7940\r\nLimit at 0.7000\r\nClosing Price: 0.7829\r\nCurrent Profit / Loss Position: +41 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE FUNDAMENTAL TRADES at this time.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI have been looking at some of the cross-rate commodity currencies and I have added my comments to the charts. At this stage, I have not added any of the cross-rate pairs to a limit order position with my brokers, but they are very much on my RADAR. The four trades listed below are all limit orders already placed with my brokers.\r\n\r\nRT224\r\nEUR/USD\r\nShort at 1.2525\r\nStop Loss at: 1.2640\r\nLimit at: 1.1860\r\n\r\nRT225\r\nGBP/USD\r\nShort at 1.5775\r\nStop Loss at: 1.5850\r\nLimit at: 1.5450\r\n\r\nRT226\r\nAUD/USD\r\nShort at 0.8570\r\nStop Loss at: 0.8650\r\nLimit at: 0.8000\r\n\r\nRT227\r\nNZD/USD\r\nShort at 0.7910\r\nStop Loss at: 0.7960\r\nLimit at: 0.7000\r\n\r\nThe following charts have my trading views contained on the charts. To re-cap and confirm, none of the following trade set-ups are placed with my brokers. I will tweet should this becomes the case.\r\n\r\nThe charts in order below are: - EUR/CAD, GBP/CAD, EUR/AUD, GBP/AUD, EUR/NZD and GBP/NZD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4849\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-DAILY-29112014-1024x447.png\" alt=\"EURCAD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPCAD-240MINUTES-29112014.png\"><img class=\"aligncenter size-large wp-image-4846\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPCAD-240MINUTES-29112014-1024x447.png\" alt=\"GBPCAD 240MINUTES 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURAUD-WEEKLY-29112014.png\"><img class=\"aligncenter size-large wp-image-4850\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURAUD-WEEKLY-29112014-1024x447.png\" alt=\"EURAUD WEEKLY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-MONTHLY-29112014.png\"><img class=\"aligncenter size-large wp-image-4847\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-MONTHLY-29112014-1024x447.png\" alt=\"GBPAUD MONTHLY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4848\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-29112014-1024x447.png\" alt=\"EURNZD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4845\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-DAILY-29112014-1024x447.png\" alt=\"GBPNZD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\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\nUSD/CAD\r\nUSD/CHF\r\nEUR/GBP\r\nUSD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nNZD/JPY\r\nEUR/CAD\r\nEUR/AUD\r\nUSD/NOK\r\nUSD/SEK\r\nEUR/NOK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nAUD/USD\r\nEUR/CHF\r\nGBP/CHF\r\nAUD/NZD\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li>\r\n<h3><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong><strong> </strong></h3>\r\n</li>\r\n</ol>\r\n<h3><strong>THE VIEW FROM MY TRADING DESK:</strong></h3>\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2448.</strong> We have seen range bound trading with this pair all of last week. Many analysts were expecting moves to 1.2600 or even a little higher but 1.2525 seems to the limit of how far the markets will let the EUR run. We have an ECB press conference this week, when it is expected that Mario Draghi will announce something to do with ECB policy on QE and when it will be introduced. Personally, I am expecting a can to be kicked into the array of press and media gathered for the conference this Thursday. Support is at 1.2350 and resistance at 1.2525.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5650</strong>. We witnessed a really nice collapse yesterday, I am so good I exited my short trade at 1.5673, the pair continued to fall to 1.5612!!. I am bearish this pair and see much lower levels. PREMIUM SERVICE subscribers should expect me to be over this pair like a rash from Monday morning. Support is at 1.5600 and resistance at 1.5680.\r\n\r\n<strong>AUD/USD: Closing Price 0.8501</strong>. We have been toying with 0.8475 all week. I see this pair moving towards 0.8000 in the coming weeks. Similar to the GBP/USD I will be over this pair with PREMIUM SERVICE subscribers early next week. Support is at 0.8475 and resistance at 0.8565.\r\n\r\n<strong>NZD/USD: Closing Price 0.7829</strong>. Over the past seven days there was not really much of a move in the weekly closing prices, last week was 0.7876. If the AUD/USD continues to fall, maybe the RBNZ will see this as an opportunity to intervene when they should see more “bang for their buck” as the two currencies usually move in harmony. For now however, we are in a nice, but boring range of 0.7800 to 0.7915.\r\n\r\n<strong>USD/CAD: Closing Price 1.1411.</strong> The OPEC decision and continued falling Oil prices have boosted this pair through 1.1400. Resistance is at the 52-week highs at 1.14666 and support is back at 1.1350.\r\n\r\n<strong>USD/CHF: Closing Price 0.9646</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place tomorrow (Sunday) in Switzerland. Breaking out will be a problem with this data hanging over this pair. I closed my long with a small loss yesterday to minimize risk but I have retained a very small long position with the EUR//CHF. (Is that trade gambling?) Support is at 0.9580 and resistance at 0.9720. But those numbers are pointless probably given the referendum.\r\n\r\n<strong>USD/JPY: Closing Price 118.59. </strong>Another hundred pip move higher in the week and I am still playing chicken with the JPY pairs. Something just does not feel right to me so I am sidelined. Support is at 117.30 and resistance is at 119.00.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: SNB – Gold Assert Vote.\r\nSUNDAY: NZD – RBNZ Governor Wheeler Speaks.\r\nSUNDAY: CNY – Manufacturing PMi and HSBC Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Building Approvals and RBA Interest Rate Statement.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: USD – Janet Yellen speaks.\r\nTUESDAY: NZD – GDT Price Index\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – BOC Interest Rate Statement.\r\nWEDNESDAY: USD – ISM Non-Manufacturing PMi.\r\nWEDNESDAY: CAD – BOC Governor Poloz speaks.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – Interest Rate Decision.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – IVEY PMi.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change &amp; Unemployment rate.\r\nFRIDAY: USD – Trade Balance.\r\nFRIDAY: CAD – Trade Balance.\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li>\r\n<h3><strong> FINAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">6.3 MY FINAL TRADING OVERVIEW THOUGHTS LOOKING FORWARD:</span>\r\n\r\nThere is massive data dumping due this week. I would go so far as to say that this will be one of the most jammed weeks with regards to Forex news that you will ever see.\r\n\r\nAs I have said already we are, in my opinion, in a range bound market. Even though the news items will be released thick and fast this week there is still the chance that we will see ranges tested but not broken. We have to be on our guard against false breakouts and false breakdowns.\r\n\r\nIf you are relatively new to Forex trading, this week could be a little dangerous. Whilst many traders talk about the desire to have volatility, sometimes when you have so much news released the effects of individual data is not noticed immediately in the price action. In effect, we become news junkies for a while.\r\n\r\nThe inter-market and inter-currency relationships can take some time to balance out. If we do not exercise some caution, we run the risk of over trading through complacency. We must remember and allow for the fact that with multiple data releases the full effects of the data may not come through immediately it may manifest itself later.\r\n\r\nIn other words, my suggestion to all traders this week is to trade with smaller position sizes than normal and have stops maybe a little wider as well.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 29th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','WHAT A F****D UP MARKET FOREX IS','','publish','open','closed','','fd-market-forex','','','2014-11-29 13:24:21','2014-11-29 18:24:21','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4859',0,'member_posts','',0),(4860,1,'2014-11-29 13:23:22','2014-11-29 18:23:22','<h2 style=\"text-align: center;\"><strong>#40 – THE PREMIUM SERVICE\r\n</strong><strong>(EXTENDED VERSION)</strong></h2>\r\n<h2 style=\"text-align: center;\"><strong> THE WEEKLY FX DRIVE THRU\r\n</strong><strong>29.11.2014</strong></h2>\r\n<h2></h2>\r\n<ol>\r\n	<li>\r\n<h3><strong> INTRODUCTION:</strong></h3>\r\n</li>\r\n</ol>\r\nI felt as if last weeks’ trading was dominated by two events from the last 48 hours which were the OPEC decision from Vienna and CPi statistics from the EUROZONE. Both were very high profile data releases.\r\n\r\nThey both coincided with the U.S. Thanksgiving holiday, and, as a result, because so many traders in the U.S. would have been away on extended vacations, I feel that we have not yet seen the full ramifications of the news.\r\n\r\nThe OPEC decision not to cut production, in my opinion, is a clear message to U.S. shale producers. The cost to extract oil is now going to become much more prevalent in the news as the price of oil falls as a result of the over supply position in the market.\r\n\r\nThe EUROZONE news with CPi and Unemployment numbers in line with expectations, I think is a small relief rally before returning in the trend direction. Only a break above 1.2580-1.2600 would change my views.\r\n\r\nOn a general trading overview, we are still very range bound, which is annoying unless you are a range trader.\r\n\r\nThis coming week looks like one of the strongest weeks from a major news event risk perspective. The highlights being: -\r\n\r\nSNB Gold Asset Vote.\r\nRBA, BOC, BOE and ECB Interest Rate Decisions and Statements.\r\nECB - Press Conference.\r\nUSD, GBP, CNY and CAD - PMi data.\r\n\r\nCentral Bankers speaking from: RBNZ, USD, ECB and BOC.\r\n\r\nUSD – Non-Farm Employment Change.\r\n\r\nIt will be a very busy week indeed. With all these events one would expect to see not just the ranges tested but broken. It will be a hectic week to say the least.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> THE PREMIUM SERVICE:\r\n</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></h3>\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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA very quiet, but profitable week of trading due to the U.S. Thanksgiving holiday, I did not really trade much beyond Wednesday and this is reflected in both profitability and number of trades.\r\n\r\nI only added 8 trades in the week, 7 were profitable and only one trade produced a loss.\r\n\r\nThe Forex market is still range bound and whilst the ranges contain prices, we are subject to false breakdowns and false breakouts. I feel that I am writing about caution all the time and to trade against this backdrop can be difficult not just for new traders but also for traders who have a few years experience.\r\n\r\nWe had a couple of weeks a while back when trading was directional but since then the USD (DXY) has kept us range bound. Ever since the 20+ year trend line was taken out the DXY has found it very hard to sustain momentum higher and we have really just been in a chop fest.\r\n\r\nHowever that said, I am pleased to have made profits, so its time to move forward once again.\r\n\r\n<span style=\"text-decoration: underline;\">THE PREMIUM SERVICE</span>\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 48\r\n\r\nPROFITABLE TRADES                   = 41 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 7 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the numbers of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 482 trades at a cost of $48.20 and earned from those trades $1,079.70 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MICRO lot trades at a time your cost to trade would have been $144.60 ($48.20 x 3) and from those trades you would have earned $3,239.10 ($1,079.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 482 trades at a cost of $482.00 and earned from those trades $10,797.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,446.00 ($482.00 x 3) and from those trades you would have earned $32,391.00 ($10,797.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 482 trades at a cost of $4,820.00 and earned from those trades $107.970.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,660.00 ($4,820.00 x 3) and from those trades you would have earned $323,910.00 ($107,970.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> WHAT’S ON MY MIND:</strong><strong> </strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:\r\n</strong><strong>WHAT A F****D UP MARKET FOREX IS</strong></h3>\r\nAs I have had time over the past few days, through lack of trading, to sit back and look through my old journals, excel spreadsheets and blogs from this year the common theme from my written work has been repeated so many times.\r\n\r\nI had been writing about weird markets, unreal conditions, currency manipulation, divergences both inter-market and inter-currency as well as false accounting due to companies themselves buying up their own stock to inflate their balance sheets to show a better return than the actual true performance and so keeping the stock markets high and the related currencies for the most part supporting this. It is all bulls**t.\r\n\r\nDo fundamental views still count and are the technical as important given the above comments?\r\n\r\nI am just not certain any longer. I have my fundamental views and I see and read as many articles and bank reports as possible, although the banks just sell their own book anyhow. Why I continue to read them puzzles me as all they want you to do is buy or sell on their say so when its obvious that 99% of the time they are trading opposite to their press releases and articles.\r\n\r\nWhat is the true value of one U.S. dollar, one yen, one Aussie dollar, one Kiwi dollar or the pound? I couldn\'t tell you.\r\n\r\nThere is so much currency manipulation in the financial markets right now, that makes trading difficult to deal with at times. However when you add in the economic data that is released, in particular from China, which in the majority of cases is not believed to be credible, this adds to trading difficulties. Yet we operate in a Global market that nevertheless responds to the data releases as if they were 100% accurate. Then as traders we listen to analysts after a short cooling off period poo-pooing the data. It is a screwed up market that we have to try to trade within. How on earth is it possible on the majority of occasions to trade effectively when charts and fundamentals are skewed?\r\n\r\nI know that this is too highbrow, but it is relevant to currency trading. This is the market that we rely upon for a living whether it is full or part-time trading. I wrote last week about THE RACE TO THE BOTTOM. Having given that more thought, where is the bottom and when and where does this central bank intervention / manipulation end?\r\n\r\nFrom a Forex trading perspective right now, today, this moment, central bank policies are divergent.\r\n\r\n<strong>The FED: Quantitative Easing (QE) / Tapering reductions in support have ended and we are now awaiting news from the FED to tell us when interest rates are going to rise.</strong>\r\n\r\n<strong>The BOJ: Has dwarfed the FED levels of QE and by accounts it is similar to a poker play “ALL IN” to try and turn a DEFLATIONARY economy into a regular inflationary growth economy with normal supply and demand.</strong>\r\n\r\n<strong>The ECB: Failed at austerity measures as their preferred option after the 2008 financial crash. Zero growth and DEFLATION concerns worry the EUROZONE. The ECB is now looking at a bond buying program, despite the arguments against from Germany and it is rumoured that an ECB version of QE will be launched very early next year 2015 </strong>\r\n\r\n<strong>The BOE: Governor Mark Carney led the markets up the garden path a few months ago with his famed Mansion House Speech at the London Lord Mayors Banquet. Ever since he uttered the words that interest rates in the UK would rise quicker than the markets expected, he and his colleagues at the BOE have been in a JCB digging themselves a bigger hole to sit in. However, the BOE like the U.S. is coming out of easing, but it will probably be behind the FED. Maybe there will be a coordinated effort to increase interest rates.</strong>\r\n\r\n<strong>The RBA: Governor Glenn Stevens is the jawboning specialist along with the other key heads at the RBA. They are looking for around a 0.8000 level with the AUD/USD.</strong>\r\n\r\n<strong>The RBNZ: Governor Graeme Wheeler has intervened directly into the Forex markets in 2014 to weaken the strong Kiwi dollar. He has NOT ruled out doing it again. The New Zealand Prime Minister, John Key an ex currency chap has himself indicated on no less than three occasions that his target for the NZD/USD is closer to 0.6500. That\'s a long, long, long way away from current levels.</strong>\r\n\r\n<strong>The SNB: The peg on the EUR/CHF at 1.2000 will be very well defended according to SNB Governor Jordan. The big test will come this weekend on the GOLD referendum if a yes vote is carried; we may GAP DOWN sub 1.2000.</strong>\r\n\r\nThe more I think about Central Bank intervention / manipulation, whatever side of the fence you sit on and want to name it, I just cannot see one central bank going it alone in raising rates. It would be so difficult to maintain momentum; I just don\'t see it. The UK and the U.S. at best may try to raise rates together in a coordinated effort but I think that that is the best scenario out there, and that in itself could be years away.\r\n\r\nThe BOJ and the ECB will be easing for years to come, the EUROZONE does not unfortunately contain 19 Irish economies. The BOJ and ruling party in Japan were so scared of the effect of a sales tax rise the government had to dissolve parliament and seek a fresh mandate to continue with its policies. This is hardly encouraging for the longer-term. What happens if outgoing Prime Minister Shinzu Abe fails to get re-elected?\r\n\r\nAs traders, I think we can live off the back of central bank monetary policies providing us with our fundamental views, and, I do to a large extent believe and trust technicals on the charts but, for once I am now more fundamentally based on trading as the central banks should NOT be traded against as a policy unless it is at best intra-day and no more.\r\n\r\nI have told all people via these blogs that I am a fundamental trader first looking for technicals to fall in place. I see no reason to change for the foreseeable future.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></h3>\r\n</li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FOREX TRADING PERFORMANCE:</strong></p>\r\nWhen you are trading, it is very easy to get lost in the price action frenzy and neglect your physical well being at some point. If you are giving up eating or sleeping in exchange for a bunch of hours trying to catch pips, you could end up destroying your most important tool: your body.\r\n\r\nHave you ever tried trading without enough sleep or with an empty stomach? If the answer is yes, then you probably know how tough it is to concentrate and make sound trading decisions when you feel physically run down. You see, trading requires concentration, and concentration requires effort. If you don’t put enough effort into ensuring your physical well being, your trading could also suffer.\r\n\r\nWithout a sound mind and body, it is extremely difficult to stay focused. When you cant focus, you increase your exposure to trading mistakes, such as forgetting to follow your trading plan or failing to do your research before placing a trade.\r\n\r\nAttempting to overcompensate for this worn out physical state can be damaging as well. For instance, trying to stay alert by downing several cups of coffee can put you in such a hyperactive state that you wind up overtrading. Either way, if your body is screwed, your trading gets screwed.\r\n\r\nJust like any sport, trading requires us to be in our tiptop shape. Athletes maintain healthy lifestyles and make it a point to be well rested before their games and so should you.\r\n\r\nGetting fit could be as simple as taking care of your body. When you get enough sleep, eat the right food (no that doesn’t include sugar-free donuts), and do just enough exercise to maintain good blood circulation, you will increase your chances of making good decisions with your trades.\r\n\r\nAs important as the body is though, its our mind that does most of the work in trading, but I will share a secret with you: Some of the most effective tricks in getting our minds in good shape are also the simplest: getting enough sleep, not drinking too much alcohol, not taking illegal substances, and not working too hard.\r\n\r\nAnother very important but often-neglected practice is to take breaks whenever needed. Whether its walking away from your screen for five minutes, or taking your family on a weekend vacation, it is essential for you to be free of your personal worries while you are trading.\r\n\r\nRemember that a trading career is a marathon and not a sprint. This means that we have to pace ourselves if we ever want to become consistently profitable traders. Some might not get there anytime soon, but taking care of the body, our most important trading tool, is certainly a step in the right direction.\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE RADAR TRADES at this time.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2020\r\nCurrent Profit / Loss Position: -20 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2446\r\nStop at 1.2550\r\nLimit at 1.1860\r\nClosing Price: 1.2448\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nFT245\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7871\r\nStop at 0.7940\r\nLimit at 0.7000\r\nClosing Price: 0.7829\r\nCurrent Profit / Loss Position: +41 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE FUNDAMENTAL TRADES at this time.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI have been looking at some of the cross-rate commodity currencies and I have added my comments to the charts. At this stage, I have not added any of the cross-rate pairs to a limit order position with my brokers, but they are very much on my RADAR. The four trades listed below are all limit orders already placed with my brokers.\r\n\r\nRT224\r\nEUR/USD\r\nShort at 1.2525\r\nStop Loss at: 1.2640\r\nLimit at: 1.1860\r\n\r\nRT225\r\nGBP/USD\r\nShort at 1.5775\r\nStop Loss at: 1.5850\r\nLimit at: 1.5450\r\n\r\nRT226\r\nAUD/USD\r\nShort at 0.8570\r\nStop Loss at: 0.8650\r\nLimit at: 0.8000\r\n\r\nRT227\r\nNZD/USD\r\nShort at 0.7910\r\nStop Loss at: 0.7960\r\nLimit at: 0.7000\r\n\r\nThe following charts have my trading views contained on the charts. To re-cap and confirm, none of the following trade set-ups are placed with my brokers. I will tweet should this becomes the case.\r\n\r\nThe charts in order below are: - EUR/CAD, GBP/CAD, EUR/AUD, GBP/AUD, EUR/NZD and GBP/NZD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4849\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-DAILY-29112014-1024x447.png\" alt=\"EURCAD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPCAD-240MINUTES-29112014.png\"><img class=\"aligncenter size-large wp-image-4846\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPCAD-240MINUTES-29112014-1024x447.png\" alt=\"GBPCAD 240MINUTES 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURAUD-WEEKLY-29112014.png\"><img class=\"aligncenter size-large wp-image-4850\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURAUD-WEEKLY-29112014-1024x447.png\" alt=\"EURAUD WEEKLY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-MONTHLY-29112014.png\"><img class=\"aligncenter size-large wp-image-4847\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-MONTHLY-29112014-1024x447.png\" alt=\"GBPAUD MONTHLY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4848\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-29112014-1024x447.png\" alt=\"EURNZD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4845\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-DAILY-29112014-1024x447.png\" alt=\"GBPNZD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\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\nUSD/CAD\r\nUSD/CHF\r\nEUR/GBP\r\nUSD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nNZD/JPY\r\nEUR/CAD\r\nEUR/AUD\r\nUSD/NOK\r\nUSD/SEK\r\nEUR/NOK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:\r\n\r\n</span>EUR/USD\r\nGBP/USD\r\nAUD/USD\r\nEUR/CHF\r\nGBP/CHF\r\nAUD/NZD\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li>\r\n<h3><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong><strong> </strong></h3>\r\n</li>\r\n</ol>\r\n<h3><strong>THE VIEW FROM MY TRADING DESK:</strong></h3>\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2448.</strong> We have seen range bound trading with this pair all of last week. Many analysts were expecting moves to 1.2600 or even a little higher but 1.2525 seems to the limit of how far the markets will let the EUR run. We have an ECB press conference this week, when it is expected that Mario Draghi will announce something to do with ECB policy on QE and when it will be introduced. Personally, I am expecting a can to be kicked into the array of press and media gathered for the conference this Thursday. Support is at 1.2350 and resistance at 1.2525.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5650</strong>. We witnessed a really nice collapse yesterday, I am so good I exited my short trade at 1.5673, the pair continued to fall to 1.5612!!. I am bearish this pair and see much lower levels. PREMIUM SERVICE subscribers should expect me to be over this pair like a rash from Monday morning. Support is at 1.5600 and resistance at 1.5680.\r\n\r\n<strong>AUD/USD: Closing Price 0.8501</strong>. We have been toying with 0.8475 all week. I see this pair moving towards 0.8000 in the coming weeks. Similar to the GBP/USD I will be over this pair with PREMIUM SERVICE subscribers early next week. Support is at 0.8475 and resistance at 0.8565.\r\n\r\n<strong>NZD/USD: Closing Price 0.7829</strong>. Over the past seven days there was not really much of a move in the weekly closing prices, last week was 0.7876. If the AUD/USD continues to fall, maybe the RBNZ will see this as an opportunity to intervene when they should see more “bang for their buck” as the two currencies usually move in harmony. For now however, we are in a nice, but boring range of 0.7800 to 0.7915.\r\n\r\n<strong>USD/CAD: Closing Price 1.1411.</strong> The OPEC decision and continued falling Oil prices have boosted this pair through 1.1400. Resistance is at the 52-week highs at 1.14666 and support is back at 1.1350.\r\n\r\n<strong>USD/CHF: Closing Price 0.9646</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place tomorrow (Sunday) in Switzerland. Breaking out will be a problem with this data hanging over this pair. I closed my long with a small loss yesterday to minimize risk but I have retained a very small long position with the EUR//CHF. (Is that trade gambling?) Support is at 0.9580 and resistance at 0.9720. But those numbers are pointless probably given the referendum.\r\n\r\n<strong>USD/JPY: Closing Price 118.59. </strong>Another hundred pip move higher in the week and I am still playing chicken with the JPY pairs. Something just does not feel right to me so I am sidelined. Support is at 117.30 and resistance is at 119.00.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: SNB – Gold Assert Vote.\r\nSUNDAY: NZD – RBNZ Governor Wheeler Speaks.\r\nSUNDAY: CNY – Manufacturing PMi and HSBC Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Building Approvals and RBA Interest Rate Statement.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: USD – Janet Yellen speaks.\r\nTUESDAY: NZD – GDT Price Index\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – BOC Interest Rate Statement.\r\nWEDNESDAY: USD – ISM Non-Manufacturing PMi.\r\nWEDNESDAY: CAD – BOC Governor Poloz speaks.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – Interest Rate Decision.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – IVEY PMi.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change &amp; Unemployment rate.\r\nFRIDAY: USD – Trade Balance.\r\nFRIDAY: CAD – Trade Balance.\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li>\r\n<h3><strong> FINAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">6.3 MY FINAL TRADING OVERVIEW THOUGHTS LOOKING FORWARD:</span>\r\n\r\nThere is massive data dumping due this week. I would go so far as to say that this will be one of the most jammed weeks with regards to Forex news that you will ever see.\r\n\r\nAs I have said already we are, in my opinion, in a range bound market. Even though the news items will be released thick and fast this week there is still the chance that we will see ranges tested but not broken. We have to be on our guard against false breakouts and false breakdowns.\r\n\r\nIf you are relatively new to Forex trading, this week could be a little dangerous. Whilst many traders talk about the desire to have volatility, sometimes when you have so much news released the effects of individual data is not noticed immediately in the price action. In effect, we become news junkies for a while.\r\n\r\nThe inter-market and inter-currency relationships can take some time to balance out. If we do not exercise some caution, we run the risk of over trading through complacency. We must remember and allow for the fact that with multiple data releases the full effects of the data may not come through immediately it may manifest itself later.\r\n\r\nIn other words, my suggestion to all traders this week is to trade with smaller position sizes than normal and have stops maybe a little wider as well.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 29th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','WHAT A F****D UP MARKET FOREX IS','','inherit','open','closed','','4859-revision-v1','','','2014-11-29 13:23:22','2014-11-29 18:23:22','',4859,'https://weeklyfxdrivethru.com/4859-revision-v1/',0,'revision','',0),(4861,1,'2014-11-29 13:24:21','2014-11-29 18:24:21','<h2 style=\"text-align: center;\"><strong>#40 – THE PREMIUM SERVICE\r\n</strong><strong>(EXTENDED VERSION)</strong></h2>\r\n<h2 style=\"text-align: center;\"><strong> THE WEEKLY FX DRIVE THRU\r\n</strong><strong>29.11.2014</strong></h2>\r\n<h2></h2>\r\n<ol>\r\n	<li>\r\n<h3><strong> INTRODUCTION:</strong></h3>\r\n</li>\r\n</ol>\r\nI felt as if last weeks’ trading was dominated by two events from the last 48 hours which were the OPEC decision from Vienna and CPi statistics from the EUROZONE. Both were very high profile data releases.\r\n\r\nThey both coincided with the U.S. Thanksgiving holiday, and, as a result, because so many traders in the U.S. would have been away on extended vacations, I feel that we have not yet seen the full ramifications of the news.\r\n\r\nThe OPEC decision not to cut production, in my opinion, is a clear message to U.S. shale producers. The cost to extract oil is now going to become much more prevalent in the news as the price of oil falls as a result of the over supply position in the market.\r\n\r\nThe EUROZONE news with CPi and Unemployment numbers in line with expectations, I think is a small relief rally before returning in the trend direction. Only a break above 1.2580-1.2600 would change my views.\r\n\r\nOn a general trading overview, we are still very range bound, which is annoying unless you are a range trader.\r\n\r\nThis coming week looks like one of the strongest weeks from a major news event risk perspective. The highlights being: -\r\n\r\nSNB Gold Asset Vote.\r\nRBA, BOC, BOE and ECB Interest Rate Decisions and Statements.\r\nECB - Press Conference.\r\nUSD, GBP, CNY and CAD - PMi data.\r\n\r\nCentral Bankers speaking from: RBNZ, USD, ECB and BOC.\r\n\r\nUSD – Non-Farm Employment Change.\r\n\r\nIt will be a very busy week indeed. With all these events one would expect to see not just the ranges tested but broken. It will be a hectic week to say the least.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> THE PREMIUM SERVICE:\r\n</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></h3>\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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA very quiet, but profitable week of trading due to the U.S. Thanksgiving holiday, I did not really trade much beyond Wednesday and this is reflected in both profitability and number of trades.\r\n\r\nI only added 8 trades in the week, 7 were profitable and only one trade produced a loss.\r\n\r\nThe Forex market is still range bound and whilst the ranges contain prices, we are subject to false breakdowns and false breakouts. I feel that I am writing about caution all the time and to trade against this backdrop can be difficult not just for new traders but also for traders who have a few years experience.\r\n\r\nWe had a couple of weeks a while back when trading was directional but since then the USD (DXY) has kept us range bound. Ever since the 20+ year trend line was taken out the DXY has found it very hard to sustain momentum higher and we have really just been in a chop fest.\r\n\r\nHowever that said, I am pleased to have made profits, so its time to move forward once again.\r\n\r\n<span style=\"text-decoration: underline;\">THE PREMIUM SERVICE</span>\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 48\r\n\r\nPROFITABLE TRADES                   = 41 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 7 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the numbers of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 482 trades at a cost of $48.20 and earned from those trades $1,079.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $144.60 ($48.20 x 3) and from those trades you would have earned $3,239.10 ($1,079.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 482 trades at a cost of $482.00 and earned from those trades $10,797.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,446.00 ($482.00 x 3) and from those trades you would have earned $32,391.00 ($10,797.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 482 trades at a cost of $4,820.00 and earned from those trades $107.970.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,660.00 ($4,820.00 x 3) and from those trades you would have earned $323,910.00 ($107,970.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> WHAT’S ON MY MIND:</strong><strong> </strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:\r\n</strong><strong>WHAT A F****D UP MARKET FOREX IS</strong></h3>\r\nAs I have had time over the past few days, through lack of trading, to sit back and look through my old journals, excel spreadsheets and blogs from this year the common theme from my written work has been repeated so many times.\r\n\r\nI had been writing about weird markets, unreal conditions, currency manipulation, divergences both inter-market and inter-currency as well as false accounting due to companies themselves buying up their own stock to inflate their balance sheets to show a better return than the actual true performance and so keeping the stock markets high and the related currencies for the most part supporting this. It is all bulls**t.\r\n\r\nDo fundamental views still count and are the technical as important given the above comments?\r\n\r\nI am just not certain any longer. I have my fundamental views and I see and read as many articles and bank reports as possible, although the banks just sell their own book anyhow. Why I continue to read them puzzles me as all they want you to do is buy or sell on their say so when its obvious that 99% of the time they are trading opposite to their press releases and articles.\r\n\r\nWhat is the true value of one U.S. dollar, one yen, one Aussie dollar, one Kiwi dollar or the pound? I couldn\'t tell you.\r\n\r\nThere is so much currency manipulation in the financial markets right now, that makes trading difficult to deal with at times. However when you add in the economic data that is released, in particular from China, which in the majority of cases is not believed to be credible, this adds to trading difficulties. Yet we operate in a Global market that nevertheless responds to the data releases as if they were 100% accurate. Then as traders we listen to analysts after a short cooling off period poo-pooing the data. It is a screwed up market that we have to try to trade within. How on earth is it possible on the majority of occasions to trade effectively when charts and fundamentals are skewed?\r\n\r\nI know that this is too highbrow, but it is relevant to currency trading. This is the market that we rely upon for a living whether it is full or part-time trading. I wrote last week about THE RACE TO THE BOTTOM. Having given that more thought, where is the bottom and when and where does this central bank intervention / manipulation end?\r\n\r\nFrom a Forex trading perspective right now, today, this moment, central bank policies are divergent.\r\n\r\n<strong>The FED: Quantitative Easing (QE) / Tapering reductions in support have ended and we are now awaiting news from the FED to tell us when interest rates are going to rise.</strong>\r\n\r\n<strong>The BOJ: Has dwarfed the FED levels of QE and by accounts it is similar to a poker play “ALL IN” to try and turn a DEFLATIONARY economy into a regular inflationary growth economy with normal supply and demand.</strong>\r\n\r\n<strong>The ECB: Failed at austerity measures as their preferred option after the 2008 financial crash. Zero growth and DEFLATION concerns worry the EUROZONE. The ECB is now looking at a bond buying program, despite the arguments against from Germany and it is rumoured that an ECB version of QE will be launched very early next year 2015 </strong>\r\n\r\n<strong>The BOE: Governor Mark Carney led the markets up the garden path a few months ago with his famed Mansion House Speech at the London Lord Mayors Banquet. Ever since he uttered the words that interest rates in the UK would rise quicker than the markets expected, he and his colleagues at the BOE have been in a JCB digging themselves a bigger hole to sit in. However, the BOE like the U.S. is coming out of easing, but it will probably be behind the FED. Maybe there will be a coordinated effort to increase interest rates.</strong>\r\n\r\n<strong>The RBA: Governor Glenn Stevens is the jawboning specialist along with the other key heads at the RBA. They are looking for around a 0.8000 level with the AUD/USD.</strong>\r\n\r\n<strong>The RBNZ: Governor Graeme Wheeler has intervened directly into the Forex markets in 2014 to weaken the strong Kiwi dollar. He has NOT ruled out doing it again. The New Zealand Prime Minister, John Key an ex currency chap has himself indicated on no less than three occasions that his target for the NZD/USD is closer to 0.6500. That\'s a long, long, long way away from current levels.</strong>\r\n\r\n<strong>The SNB: The peg on the EUR/CHF at 1.2000 will be very well defended according to SNB Governor Jordan. The big test will come this weekend on the GOLD referendum if a yes vote is carried; we may GAP DOWN sub 1.2000.</strong>\r\n\r\nThe more I think about Central Bank intervention / manipulation, whatever side of the fence you sit on and want to name it, I just cannot see one central bank going it alone in raising rates. It would be so difficult to maintain momentum; I just don\'t see it. The UK and the U.S. at best may try to raise rates together in a coordinated effort but I think that that is the best scenario out there, and that in itself could be years away.\r\n\r\nThe BOJ and the ECB will be easing for years to come, the EUROZONE does not unfortunately contain 19 Irish economies. The BOJ and ruling party in Japan were so scared of the effect of a sales tax rise the government had to dissolve parliament and seek a fresh mandate to continue with its policies. This is hardly encouraging for the longer-term. What happens if outgoing Prime Minister Shinzu Abe fails to get re-elected?\r\n\r\nAs traders, I think we can live off the back of central bank monetary policies providing us with our fundamental views, and, I do to a large extent believe and trust technicals on the charts but, for once I am now more fundamentally based on trading as the central banks should NOT be traded against as a policy unless it is at best intra-day and no more.\r\n\r\nI have told all people via these blogs that I am a fundamental trader first looking for technicals to fall in place. I see no reason to change for the foreseeable future.\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></h3>\r\n</li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n<p style=\"text-align: center;\"><strong>HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FOREX TRADING PERFORMANCE:</strong></p>\r\nWhen you are trading, it is very easy to get lost in the price action frenzy and neglect your physical well being at some point. If you are giving up eating or sleeping in exchange for a bunch of hours trying to catch pips, you could end up destroying your most important tool: your body.\r\n\r\nHave you ever tried trading without enough sleep or with an empty stomach? If the answer is yes, then you probably know how tough it is to concentrate and make sound trading decisions when you feel physically run down. You see, trading requires concentration, and concentration requires effort. If you don’t put enough effort into ensuring your physical well being, your trading could also suffer.\r\n\r\nWithout a sound mind and body, it is extremely difficult to stay focused. When you cant focus, you increase your exposure to trading mistakes, such as forgetting to follow your trading plan or failing to do your research before placing a trade.\r\n\r\nAttempting to overcompensate for this worn out physical state can be damaging as well. For instance, trying to stay alert by downing several cups of coffee can put you in such a hyperactive state that you wind up overtrading. Either way, if your body is screwed, your trading gets screwed.\r\n\r\nJust like any sport, trading requires us to be in our tiptop shape. Athletes maintain healthy lifestyles and make it a point to be well rested before their games and so should you.\r\n\r\nGetting fit could be as simple as taking care of your body. When you get enough sleep, eat the right food (no that doesn’t include sugar-free donuts), and do just enough exercise to maintain good blood circulation, you will increase your chances of making good decisions with your trades.\r\n\r\nAs important as the body is though, its our mind that does most of the work in trading, but I will share a secret with you: Some of the most effective tricks in getting our minds in good shape are also the simplest: getting enough sleep, not drinking too much alcohol, not taking illegal substances, and not working too hard.\r\n\r\nAnother very important but often-neglected practice is to take breaks whenever needed. Whether its walking away from your screen for five minutes, or taking your family on a weekend vacation, it is essential for you to be free of your personal worries while you are trading.\r\n\r\nRemember that a trading career is a marathon and not a sprint. This means that we have to pace ourselves if we ever want to become consistently profitable traders. Some might not get there anytime soon, but taking care of the body, our most important trading tool, is certainly a step in the right direction.\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE RADAR TRADES at this time.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at 1.1930\r\nLimit at 1.2500\r\nClosing Price: 1.2020\r\nCurrent Profit / Loss Position: -20 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2446\r\nStop at 1.2550\r\nLimit at 1.1860\r\nClosing Price: 1.2448\r\nCurrent Profit / Loss Position: -2 pips\r\n\r\nFT245\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7871\r\nStop at 0.7940\r\nLimit at 0.7000\r\nClosing Price: 0.7829\r\nCurrent Profit / Loss Position: +41 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE FUNDAMENTAL TRADES at this time.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nI have been looking at some of the cross-rate commodity currencies and I have added my comments to the charts. At this stage, I have not added any of the cross-rate pairs to a limit order position with my brokers, but they are very much on my RADAR. The four trades listed below are all limit orders already placed with my brokers.\r\n\r\nRT224\r\nEUR/USD\r\nShort at 1.2525\r\nStop Loss at: 1.2640\r\nLimit at: 1.1860\r\n\r\nRT225\r\nGBP/USD\r\nShort at 1.5775\r\nStop Loss at: 1.5850\r\nLimit at: 1.5450\r\n\r\nRT226\r\nAUD/USD\r\nShort at 0.8570\r\nStop Loss at: 0.8650\r\nLimit at: 0.8000\r\n\r\nRT227\r\nNZD/USD\r\nShort at 0.7910\r\nStop Loss at: 0.7960\r\nLimit at: 0.7000\r\n\r\nThe following charts have my trading views contained on the charts. To re-cap and confirm, none of the following trade set-ups are placed with my brokers. I will tweet should this becomes the case.\r\n\r\nThe charts in order below are: - EUR/CAD, GBP/CAD, EUR/AUD, GBP/AUD, EUR/NZD and GBP/NZD.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4849\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURCAD-DAILY-29112014-1024x447.png\" alt=\"EURCAD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPCAD-240MINUTES-29112014.png\"><img class=\"aligncenter size-large wp-image-4846\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPCAD-240MINUTES-29112014-1024x447.png\" alt=\"GBPCAD 240MINUTES 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURAUD-WEEKLY-29112014.png\"><img class=\"aligncenter size-large wp-image-4850\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURAUD-WEEKLY-29112014-1024x447.png\" alt=\"EURAUD WEEKLY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-MONTHLY-29112014.png\"><img class=\"aligncenter size-large wp-image-4847\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPAUD-MONTHLY-29112014-1024x447.png\" alt=\"GBPAUD MONTHLY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4848\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/EURNZD-DAILY-29112014-1024x447.png\" alt=\"EURNZD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-DAILY-29112014.png\"><img class=\"aligncenter size-large wp-image-4845\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/GBPNZD-DAILY-29112014-1024x447.png\" alt=\"GBPNZD DAILY 29112014\" width=\"1024\" height=\"447\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\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\nUSD/CAD\r\nUSD/CHF\r\nEUR/GBP\r\nUSD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nNZD/JPY\r\nEUR/CAD\r\nEUR/AUD\r\nUSD/NOK\r\nUSD/SEK\r\nEUR/NOK\r\nEUR/SEK\r\n\r\n<span style=\"text-decoration: underline;\">SHORT:</span>\r\n\r\nEUR/USD\r\nGBP/USD\r\nAUD/USD\r\nEUR/CHF\r\nGBP/CHF\r\nAUD/NZD\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li>\r\n<h3><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong><strong> </strong></h3>\r\n</li>\r\n</ol>\r\n<h3><strong>THE VIEW FROM MY TRADING DESK:</strong></h3>\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2448.</strong> We have seen range bound trading with this pair all of last week. Many analysts were expecting moves to 1.2600 or even a little higher but 1.2525 seems to the limit of how far the markets will let the EUR run. We have an ECB press conference this week, when it is expected that Mario Draghi will announce something to do with ECB policy on QE and when it will be introduced. Personally, I am expecting a can to be kicked into the array of press and media gathered for the conference this Thursday. Support is at 1.2350 and resistance at 1.2525.<strong> </strong>\r\n\r\n<strong>GBP/USD: Closing Price 1.5650</strong>. We witnessed a really nice collapse yesterday, I am so good I exited my short trade at 1.5673, the pair continued to fall to 1.5612!!. I am bearish this pair and see much lower levels. PREMIUM SERVICE subscribers should expect me to be over this pair like a rash from Monday morning. Support is at 1.5600 and resistance at 1.5680.\r\n\r\n<strong>AUD/USD: Closing Price 0.8501</strong>. We have been toying with 0.8475 all week. I see this pair moving towards 0.8000 in the coming weeks. Similar to the GBP/USD I will be over this pair with PREMIUM SERVICE subscribers early next week. Support is at 0.8475 and resistance at 0.8565.\r\n\r\n<strong>NZD/USD: Closing Price 0.7829</strong>. Over the past seven days there was not really much of a move in the weekly closing prices, last week was 0.7876. If the AUD/USD continues to fall, maybe the RBNZ will see this as an opportunity to intervene when they should see more “bang for their buck” as the two currencies usually move in harmony. For now however, we are in a nice, but boring range of 0.7800 to 0.7915.\r\n\r\n<strong>USD/CAD: Closing Price 1.1411.</strong> The OPEC decision and continued falling Oil prices have boosted this pair through 1.1400. Resistance is at the 52-week highs at 1.14666 and support is back at 1.1350.\r\n\r\n<strong>USD/CHF: Closing Price 0.9646</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place tomorrow (Sunday) in Switzerland. Breaking out will be a problem with this data hanging over this pair. I closed my long with a small loss yesterday to minimize risk but I have retained a very small long position with the EUR//CHF. (Is that trade gambling?) Support is at 0.9580 and resistance at 0.9720. But those numbers are pointless probably given the referendum.\r\n\r\n<strong>USD/JPY: Closing Price 118.59. </strong>Another hundred pip move higher in the week and I am still playing chicken with the JPY pairs. Something just does not feel right to me so I am sidelined. Support is at 117.30 and resistance is at 119.00.\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: SNB – Gold Assert Vote.\r\nSUNDAY: NZD – RBNZ Governor Wheeler Speaks.\r\nSUNDAY: CNY – Manufacturing PMi and HSBC Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Building Approvals and RBA Interest Rate Statement.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: USD – Janet Yellen speaks.\r\nTUESDAY: NZD – GDT Price Index\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – BOC Interest Rate Statement.\r\nWEDNESDAY: USD – ISM Non-Manufacturing PMi.\r\nWEDNESDAY: CAD – BOC Governor Poloz speaks.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – Interest Rate Decision.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – IVEY PMi.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change &amp; Unemployment rate.\r\nFRIDAY: USD – Trade Balance.\r\nFRIDAY: CAD – Trade Balance.\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"6\">\r\n	<li>\r\n<h3><strong> FINAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong><strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">6.3 MY FINAL TRADING OVERVIEW THOUGHTS LOOKING FORWARD:</span>\r\n\r\nThere is massive data dumping due this week. I would go so far as to say that this will be one of the most jammed weeks with regards to Forex news that you will ever see.\r\n\r\nAs I have said already we are, in my opinion, in a range bound market. Even though the news items will be released thick and fast this week there is still the chance that we will see ranges tested but not broken. We have to be on our guard against false breakouts and false breakdowns.\r\n\r\nIf you are relatively new to Forex trading, this week could be a little dangerous. Whilst many traders talk about the desire to have volatility, sometimes when you have so much news released the effects of individual data is not noticed immediately in the price action. In effect, we become news junkies for a while.\r\n\r\nThe inter-market and inter-currency relationships can take some time to balance out. If we do not exercise some caution, we run the risk of over trading through complacency. We must remember and allow for the fact that with multiple data releases the full effects of the data may not come through immediately it may manifest itself later.\r\n\r\nIn other words, my suggestion to all traders this week is to trade with smaller position sizes than normal and have stops maybe a little wider as well.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 29th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','WHAT A F****D UP MARKET FOREX IS','','inherit','open','closed','','4859-revision-v1','','','2014-11-29 13:24:21','2014-11-29 18:24:21','',4859,'https://weeklyfxdrivethru.com/4859-revision-v1/',0,'revision','',0),(4862,1,'2014-11-29 13:34:43','2014-11-29 18:34:43','','HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FX TRADING','','inherit','open','closed','','how-your-physical-well-being-affects-your-fx-trading','','','2014-11-29 13:55:11','2014-11-29 18:55:11','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/HOW-YOUR-PHYSICAL-WELL-BEING-AFFECTS-YOUR-FX-TRADING.pdf',0,'attachment','application/pdf',0),(4863,1,'2014-11-29 13:48:19','2014-11-29 18:48:19','<h2 style=\"text-align: center;\"><strong>#131 - THE WEEKLY FX DRIVE THRU\r\n</strong><strong>29.11.2014</strong></h2>\r\n<ol>\r\n	<li>\r\n<h3><strong> INTRODUCTION:</strong></h3>\r\n</li>\r\n</ol>\r\nI felt as if last weeks’ trading was dominated by two events from the last 48 hours which were the OPEC decision from Vienna and CPi statistics from the EUROZONE. Both were very high profile data releases\r\n\r\nThey both coincided with the U.S. Thanksgiving holiday, and, as a result, because so many traders in the U.S. would have been away on extended vacations, I feel that we have not yet seen the full ramifications of the news\r\n\r\nThe OPEC decision not to cut production, in my opinion, is a clear message to U.S. shale producers. The cost to extract oil is now going to become much more prevalent in the news as the price of oil falls as a result of the over supply position in the market.\r\n\r\nThe EUROZONE news with CPi and Unemployment numbers in line with expectations, I think is a small relief rally before returning in the trend direction. Only a break above 1.2580-1.2600 would change my views.\r\n\r\nOn a general trading overview, we are still very range bound, which is annoying unless you are a range trader.\r\n\r\nThis coming week looks like one of the strongest weeks from a major news event risk perspective. The highlights being: -\r\n<p style=\"text-align: center;\">SNB Gold Asset Vote.\r\nRBA, BOC, BOE and ECB Interest Rate Decisions and Statements.\r\nECB - Press Conference.\r\nUSD, GBP, CNY and CAD - PMi data.\r\nCentral Bankers speaking from: RBNZ, USD, ECB and BOC.\r\nUSD – Non-Farm Employment Change.</p>\r\nIt will be a very busy week indeed. With all these events one would expect to see not just the ranges tested but broken. It will be a hectic week to say the least.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> THE PREMIUM SERVICE:\r\n</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></h3>\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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA very quiet, but profitable week of trading due to the U.S. Thanksgiving holiday, I did not really trade much beyond Wednesday and this is reflected in both profitability and number of trades.\r\n\r\nI only added 8 trades in the week, 7 were profitable and only one trade produced a loss.\r\n\r\nThe Forex market is still range bound and whilst the ranges contain prices, we are subject to false breakdowns and false breakouts. I feel that I am writing about caution all the time and to trade against this backdrop can be difficult not just for new traders but also for traders who have a few years experience.\r\n\r\nWe had a couple of weeks a while back when trading was directional but since then the USD (DXY) has kept us range bound. Ever since the 20+ year trend line was taken out the DXY has found it very hard to sustain momentum higher and we have really just been in a chop fest.\r\n\r\nHowever that said, I am pleased to have made profits, so its time to move forward once again.\r\n\r\n<span style=\"text-decoration: underline;\">THE PREMIUM SERVICE</span>\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 48\r\n\r\nPROFITABLE TRADES                   = 41 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 7 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the numbers of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 482 trades at a cost of $48.20 and earned from those trades $1,079.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $144.60 ($48.20 x 3) and from those trades you would have earned $3,239.10 ($1,079.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 482 trades at a cost of $482.00 and earned from those trades $10,797.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,446.00 ($482.00 x 3) and from those trades you would have earned $32,391.00 ($10,797.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 482 trades at a cost of $4,820.00 and earned from those trades $107.970.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,660.00 ($4,820.00 x 3) and from those trades you would have earned $323,910.00 ($107,970.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> WHAT’S ON MY MIND:</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>WHAT A F****D UP MARKET FOREX IS</strong></h3>\r\nAs I have had time over the past few days, through lack of trading, to sit back and look through my old journals, excel spreadsheets and blogs from this year the common theme from my written work has been repeated so many times.\r\n\r\nI had been writing about weird markets, unreal conditions, currency manipulation, divergences both inter-market and inter-currency as well as false accounting due to companies themselves buying up their own stock to inflate their balance sheets to show a better return than the actual true performance and so keeping the stock markets high and the related currencies for the most part supporting this. It is all bulls**t.\r\n\r\nDo fundamental views still count and are the technical as important given the above comments?\r\n\r\nI am just not certain any longer. I have my fundamental views and I see and read as many articles and bank reports as possible, although the banks just sell their own book anyhow. Why I continue to read them puzzles me as all they want you to do is buy or sell on their say so when its obvious that 99% of the time they are trading opposite to their press releases and articles.\r\n\r\nWhat is the true value of one U.S. dollar, one yen, one Aussie dollar, one Kiwi dollar or the pound? I couldn\'t tell you.\r\n\r\nThere is so much currency manipulation in the financial markets right now, that makes trading difficult to deal with at times. However when you add in the economic data that is released, in particular from China, which in the majority of cases is not believed to be credible, this adds to trading difficulties. Yet we operate in a Global market that nevertheless responds to the data releases as if they were 100% accurate. Then as traders we listen to analysts after a short cooling off period poo-pooing the data. It is a screwed up market that we have to try to trade within. How on earth is it possible on the majority of occasions to trade effectively when charts and fundamentals are skewed?\r\n\r\nI know that this is too highbrow, but it is relevant to currency trading. This is the market that we rely upon for a living whether it is full or part-time trading. I wrote last week about THE RACE TO THE BOTTOM. Having given that more thought, where is the bottom and when and where does this central bank intervention / manipulation end?\r\n\r\nFrom a Forex trading perspective right now, today, this moment, central bank policies are divergent.\r\n\r\n<strong>The FED</strong>: Quantitative Easing (QE) / Tapering reductions in support have ended and we are now awaiting news from the FED to tell us when interest rates are going to rise.\r\n\r\n<strong>The BOJ</strong>: Has dwarfed the FED levels of QE and by accounts it is similar to a poker play “ALL IN” to try and turn a DEFLATIONARY economy into a regular inflationary growth economy with normal supply and demand.\r\n\r\n<strong>The ECB</strong>: Failed at austerity measures as their preferred option after the 2008 financial crash. Zero growth and DEFLATION concerns worry the EUROZONE. The ECB is now looking at a bond buying program, despite the arguments against from Germany and it is rumoured that an ECB version of QE will be launched very early next year 2015.\r\n\r\n<strong>The BOE</strong>: Governor Mark Carney led the markets up the garden path a few months ago with his famed Mansion House Speech at the London Lord Mayors Banquet. Ever since he uttered the words that interest rates in the UK would rise quicker than the markets expected, he and his colleagues at the BOE have been in a JCB digging themselves a bigger hole to sit in. However, the BOE like the U.S. is coming out of easing, but it will probably be behind the FED. Maybe there will be a coordinated effort to increase interest rates.\r\n\r\n<strong>The RBA</strong>: Governor Glenn Stevens is the jawboning specialist along with the other key heads at the RBA. They are looking for around a 0.8000 level with the AUD/USD.\r\n\r\n<strong>The RBNZ:</strong> Governor Graeme Wheeler has intervened directly into the Forex markets in 2014 to weaken the strong Kiwi dollar. He has NOT ruled out doing it again. The New Zealand Prime Minister, John Key an ex currency chap has himself indicated on no less than three occasions that his target for the NZD/USD is closer to 0.6500. That\'s a long, long, long way away from current levels.\r\n\r\n<strong>The SNB</strong>: The peg on the EUR/CHF at 1.2000 will be very well defended according to SNB Governor Jordan. The big test will come this weekend on the GOLD referendum if a yes vote is carried; we may GAP DOWN sub 1.2000.\r\n\r\nThe more I think about Central Bank intervention / manipulation, whatever side of the fence you sit on and want to name it, I just cannot see one central bank going it alone in raising rates. It would be so difficult to maintain momentum; I just don\'t see it. The UK and the U.S. at best may try to raise rates together in a coordinated effort but I think that that is the best scenario out there, and that in itself could be years away.\r\n\r\nThe BOJ and the ECB will be easing for years to come, the EUROZONE does not unfortunately contain 19 Irish economies. The BOJ and ruling party in Japan were so scared of the effect of a sales tax rise the government had to dissolve parliament and seek a fresh mandate to continue with its policies. This is hardly encouraging for the longer-term. What happens if outgoing Prime Minister Shinzu Abe fails to get re-elected?\r\n\r\nAs traders, I think we can live off the back of central bank monetary policies providing us with our fundamental views, and, I do to a large extent believe and trust technicals on the charts but, for once I am now more fundamentally based on trading as the central banks should NOT be traded against as a policy unless it is at best intra-day and no more.\r\n\r\nI have told all people via these blogs that I am a fundamental trader first looking for technicals to fall in place. I see no reason to change for the foreseeable future.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></h3>\r\n</li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li>\r\n<h3><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2448.</strong> We have seen range bound trading with this pair all of last week. Many analysts were expecting moves to 1.2600 or even a little higher but 1.2525 seems to the limit of how far the markets will let the EUR run. We have an ECB press conference this week, when it is expected that Mario Draghi will announce something to do with ECB policy on QE and when it will be introduced. Personally, I am expecting a can to be kicked into the array of press and media gathered for the conference this Thursday. Support is at 1.2350 and resistance at 1.2525.\r\n\r\n<strong>GBP/USD: Closing Price 1.5650</strong>. We witnessed a really nice collapse yesterday, I am so good I exited my short trade at 1.5673, the pair continued to fall to 1.5612!!. I am bearish this pair and see much lower levels. PREMIUM SERVICE subscribers should expect me to be over this pair like a rash from Monday morning. Support is at 1.5600 and resistance at 1.5680.\r\n\r\n<strong>AUD/USD: Closing Price 0.8501</strong>. We have been toying with 0.8475 all week. I see this pair moving towards 0.8000 in the coming weeks. Similar to the GBP/USD I will be over this pair with PREMIUM SERVICE subscribers early next week. Support is at 0.8475 and resistance at 0.8565.\r\n\r\n<strong>NZD/USD: Closing Price 0.7829</strong>. Over the past seven days there was not really much of a move in the weekly closing prices, last week was 0.7876. If the AUD/USD continues to fall, maybe the RBNZ will see this as an opportunity to intervene when they should see more “bang for their buck” as the two currencies usually move in harmony. For now however, we are in a nice, but boring range of 0.7800 to 0.7915.\r\n\r\n<strong>USD/CAD: Closing Price 1.1411.</strong> The OPEC decision and continued falling Oil prices have boosted this pair through 1.1400. Resistance is at the 52-week highs at 1.14666 and support is back at 1.1350.\r\n\r\n<strong>USD/CHF: Closing Price 0.9646</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place tomorrow (Sunday) in Switzerland. Breaking out will be a problem with this data hanging over this pair. I closed my long with a small loss yesterday to minimize risk but I have retained a very small long position with the EUR//CHF. (Is that trade gambling?) Support is at 0.9580 and resistance at 0.9720. But those numbers are pointless probably given the referendum.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 118.59. </strong>Another hundred pip move higher in the week and I am still playing chicken with the JPY pairs. Something just does not feel right to me so I am sidelined. Support is at 117.30 and resistance is at 119.00.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: SNB – Gold Assert Vote.\r\nSUNDAY: NZD – RBNZ Governor Wheeler Speaks.\r\nSUNDAY: CNY – Manufacturing PMi and HSBC Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Building Approvals and RBA Interest Rate Statement.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: USD – Janet Yellen speaks.\r\nTUESDAY: NZD – GDT Price Index\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – BOC Interest Rate Statement.\r\nWEDNESDAY: USD – ISM Non-Manufacturing PMi.\r\nWEDNESDAY: CAD – BOC Governor Poloz speaks.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – Interest Rate Decision.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – IVEY PMi.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change &amp; Unemployment rate.\r\nFRIDAY: USD – Trade Balance.\r\nFRIDAY: CAD – Trade Balance.\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li>\r\n<h3><strong> FINAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">6.3 MY FINAL TRADING OVERVIEW THOUGHTS LOOKING FORWARD:</span>\r\n\r\nThere is massive data dumping due this week. I would go so far as to say that this will be one of the most jammed weeks with regards to Forex news that you will ever see.\r\n\r\nAs I have said already we are, in my opinion, in a range bound market. Even though the news items will be released thick and fast this week there is still the chance that we will see ranges tested but not broken. We have to be on our guard against false breakouts and false breakdowns.\r\n\r\nIf you are relatively new to Forex trading, this week could be a little dangerous. Whilst many traders talk about the desire to have volatility, sometimes when you have so much news released the effects of individual data is not noticed immediately in the price action. In effect, we become news junkies for a while.\r\n\r\nThe inter-market and inter-currency relationships can take some time to balance out. If we do not exercise some caution, we run the risk of over trading through complacency. We must remember and allow for the fact that with multiple data releases the full effects of the data may not come through immediately it may manifest itself later.\r\n\r\nIn other words, my suggestion to all traders this week is to trade with smaller position sizes than normal and have stops maybe a little wider as well.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 29th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','WHAT A F****D UP MARKET FOREX IS','','publish','open','closed','','fd-market-forex','','','2014-11-29 13:48:19','2014-11-29 18:48:19','',0,'https://weeklyfxdrivethru.com/?p=4863',0,'post','',0),(4864,1,'2014-11-29 13:47:25','2014-11-29 18:47:25','<h2 style=\"text-align: center;\"><strong>#131 - THE WEEKLY FX DRIVE THRU\r\n</strong><strong>29.11.2014</strong></h2>\r\n<ol>\r\n	<li>\r\n<h3><strong> INTRODUCTION:</strong></h3>\r\n</li>\r\n</ol>\r\nI felt as if last weeks’ trading was dominated by two events from the last 48 hours which were the OPEC decision from Vienna and CPi statistics from the EUROZONE. Both were very high profile data releases\r\n\r\nThey both coincided with the U.S. Thanksgiving holiday, and, as a result, because so many traders in the U.S. would have been away on extended vacations, I feel that we have not yet seen the full ramifications of the news\r\n\r\nThe OPEC decision not to cut production, in my opinion, is a clear message to U.S. shale producers. The cost to extract oil is now going to become much more prevalent in the news as the price of oil falls as a result of the over supply position in the market.\r\n\r\nThe EUROZONE news with CPi and Unemployment numbers in line with expectations, I think is a small relief rally before returning in the trend direction. Only a break above 1.2580-1.2600 would change my views.\r\n\r\nOn a general trading overview, we are still very range bound, which is annoying unless you are a range trader.\r\n\r\nThis coming week looks like one of the strongest weeks from a major news event risk perspective. The highlights being: -\r\n<p style=\"text-align: center;\">SNB Gold Asset Vote.\r\nRBA, BOC, BOE and ECB Interest Rate Decisions and Statements.\r\nECB - Press Conference.\r\nUSD, GBP, CNY and CAD - PMi data.\r\nCentral Bankers speaking from: RBNZ, USD, ECB and BOC.\r\nUSD – Non-Farm Employment Change.</p>\r\nIt will be a very busy week indeed. With all these events one would expect to see not just the ranges tested but broken. It will be a hectic week to say the least.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> THE PREMIUM SERVICE:\r\n</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></h3>\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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA very quiet, but profitable week of trading due to the U.S. Thanksgiving holiday, I did not really trade much beyond Wednesday and this is reflected in both profitability and number of trades.\r\n\r\nI only added 8 trades in the week, 7 were profitable and only one trade produced a loss.\r\n\r\nThe Forex market is still range bound and whilst the ranges contain prices, we are subject to false breakdowns and false breakouts. I feel that I am writing about caution all the time and to trade against this backdrop can be difficult not just for new traders but also for traders who have a few years experience.\r\n\r\nWe had a couple of weeks a while back when trading was directional but since then the USD (DXY) has kept us range bound. Ever since the 20+ year trend line was taken out the DXY has found it very hard to sustain momentum higher and we have really just been in a chop fest.\r\n\r\nHowever that said, I am pleased to have made profits, so its time to move forward once again.\r\n\r\n<span style=\"text-decoration: underline;\">THE PREMIUM SERVICE</span>\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 48\r\n\r\nPROFITABLE TRADES                   = 41 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 7 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the numbers of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 482 trades at a cost of $48.20 and earned from those trades $1,079.70 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MICRO lot trades at a time your cost to trade would have been $144.60 ($48.20 x 3) and from those trades you would have earned $3,239.10 ($1,079.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 482 trades at a cost of $482.00 and earned from those trades $10,797.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,446.00 ($482.00 x 3) and from those trades you would have earned $32,391.00 ($10,797.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 482 trades at a cost of $4,820.00 and earned from those trades $107.970.00 (This example is based on single lot trades).\r\n\r\nIf you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,660.00 ($4,820.00 x 3) and from those trades you would have earned $323,910.00 ($107,970.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> WHAT’S ON MY MIND:</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>WHAT A F****D UP MARKET FOREX IS</strong></h3>\r\nAs I have had time over the past few days, through lack of trading, to sit back and look through my old journals, excel spreadsheets and blogs from this year the common theme from my written work has been repeated so many times.\r\n\r\nI had been writing about weird markets, unreal conditions, currency manipulation, divergences both inter-market and inter-currency as well as false accounting due to companies themselves buying up their own stock to inflate their balance sheets to show a better return than the actual true performance and so keeping the stock markets high and the related currencies for the most part supporting this. It is all bulls**t.\r\n\r\nDo fundamental views still count and are the technical as important given the above comments?\r\n\r\nI am just not certain any longer. I have my fundamental views and I see and read as many articles and bank reports as possible, although the banks just sell their own book anyhow. Why I continue to read them puzzles me as all they want you to do is buy or sell on their say so when its obvious that 99% of the time they are trading opposite to their press releases and articles.\r\n\r\nWhat is the true value of one U.S. dollar, one yen, one Aussie dollar, one Kiwi dollar or the pound? I couldn\'t tell you.\r\n\r\nThere is so much currency manipulation in the financial markets right now, that makes trading difficult to deal with at times. However when you add in the economic data that is released, in particular from China, which in the majority of cases is not believed to be credible, this adds to trading difficulties. Yet we operate in a Global market that nevertheless responds to the data releases as if they were 100% accurate. Then as traders we listen to analysts after a short cooling off period poo-pooing the data. It is a screwed up market that we have to try to trade within. How on earth is it possible on the majority of occasions to trade effectively when charts and fundamentals are skewed?\r\n\r\nI know that this is too highbrow, but it is relevant to currency trading. This is the market that we rely upon for a living whether it is full or part-time trading. I wrote last week about THE RACE TO THE BOTTOM. Having given that more thought, where is the bottom and when and where does this central bank intervention / manipulation end?\r\n\r\nFrom a Forex trading perspective right now, today, this moment, central bank policies are divergent.\r\n\r\n<strong>The FED</strong>: Quantitative Easing (QE) / Tapering reductions in support have ended and we are now awaiting news from the FED to tell us when interest rates are going to rise.\r\n\r\n<strong>The BOJ</strong>: Has dwarfed the FED levels of QE and by accounts it is similar to a poker play “ALL IN” to try and turn a DEFLATIONARY economy into a regular inflationary growth economy with normal supply and demand.\r\n\r\n<strong>The ECB</strong>: Failed at austerity measures as their preferred option after the 2008 financial crash. Zero growth and DEFLATION concerns worry the EUROZONE. The ECB is now looking at a bond buying program, despite the arguments against from Germany and it is rumoured that an ECB version of QE will be launched very early next year 2015.\r\n\r\n<strong>The BOE</strong>: Governor Mark Carney led the markets up the garden path a few months ago with his famed Mansion House Speech at the London Lord Mayors Banquet. Ever since he uttered the words that interest rates in the UK would rise quicker than the markets expected, he and his colleagues at the BOE have been in a JCB digging themselves a bigger hole to sit in. However, the BOE like the U.S. is coming out of easing, but it will probably be behind the FED. Maybe there will be a coordinated effort to increase interest rates.\r\n\r\n<strong>The RBA</strong>: Governor Glenn Stevens is the jawboning specialist along with the other key heads at the RBA. They are looking for around a 0.8000 level with the AUD/USD.\r\n\r\n<strong>The RBNZ:</strong> Governor Graeme Wheeler has intervened directly into the Forex markets in 2014 to weaken the strong Kiwi dollar. He has NOT ruled out doing it again. The New Zealand Prime Minister, John Key an ex currency chap has himself indicated on no less than three occasions that his target for the NZD/USD is closer to 0.6500. That\'s a long, long, long way away from current levels.\r\n\r\n<strong>The SNB</strong>: The peg on the EUR/CHF at 1.2000 will be very well defended according to SNB Governor Jordan. The big test will come this weekend on the GOLD referendum if a yes vote is carried; we may GAP DOWN sub 1.2000.\r\n\r\nThe more I think about Central Bank intervention / manipulation, whatever side of the fence you sit on and want to name it, I just cannot see one central bank going it alone in raising rates. It would be so difficult to maintain momentum; I just don\'t see it. The UK and the U.S. at best may try to raise rates together in a coordinated effort but I think that that is the best scenario out there, and that in itself could be years away.\r\n\r\nThe BOJ and the ECB will be easing for years to come, the EUROZONE does not unfortunately contain 19 Irish economies. The BOJ and ruling party in Japan were so scared of the effect of a sales tax rise the government had to dissolve parliament and seek a fresh mandate to continue with its policies. This is hardly encouraging for the longer-term. What happens if outgoing Prime Minister Shinzu Abe fails to get re-elected?\r\n\r\nAs traders, I think we can live off the back of central bank monetary policies providing us with our fundamental views, and, I do to a large extent believe and trust technicals on the charts but, for once I am now more fundamentally based on trading as the central banks should NOT be traded against as a policy unless it is at best intra-day and no more.\r\n\r\nI have told all people via these blogs that I am a fundamental trader first looking for technicals to fall in place. I see no reason to change for the foreseeable future.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></h3>\r\n</li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li>\r\n<h3><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2448.</strong> We have seen range bound trading with this pair all of last week. Many analysts were expecting moves to 1.2600 or even a little higher but 1.2525 seems to the limit of how far the markets will let the EUR run. We have an ECB press conference this week, when it is expected that Mario Draghi will announce something to do with ECB policy on QE and when it will be introduced. Personally, I am expecting a can to be kicked into the array of press and media gathered for the conference this Thursday. Support is at 1.2350 and resistance at 1.2525.\r\n\r\n<strong>GBP/USD: Closing Price 1.5650</strong>. We witnessed a really nice collapse yesterday, I am so good I exited my short trade at 1.5673, the pair continued to fall to 1.5612!!. I am bearish this pair and see much lower levels. PREMIUM SERVICE subscribers should expect me to be over this pair like a rash from Monday morning. Support is at 1.5600 and resistance at 1.5680.\r\n\r\n<strong>AUD/USD: Closing Price 0.8501</strong>. We have been toying with 0.8475 all week. I see this pair moving towards 0.8000 in the coming weeks. Similar to the GBP/USD I will be over this pair with PREMIUM SERVICE subscribers early next week. Support is at 0.8475 and resistance at 0.8565.\r\n\r\n<strong>NZD/USD: Closing Price 0.7829</strong>. Over the past seven days there was not really much of a move in the weekly closing prices, last week was 0.7876. If the AUD/USD continues to fall, maybe the RBNZ will see this as an opportunity to intervene when they should see more “bang for their buck” as the two currencies usually move in harmony. For now however, we are in a nice, but boring range of 0.7800 to 0.7915.\r\n\r\n<strong>USD/CAD: Closing Price 1.1411.</strong> The OPEC decision and continued falling Oil prices have boosted this pair through 1.1400. Resistance is at the 52-week highs at 1.14666 and support is back at 1.1350.\r\n\r\n<strong>USD/CHF: Closing Price 0.9646</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place tomorrow (Sunday) in Switzerland. Breaking out will be a problem with this data hanging over this pair. I closed my long with a small loss yesterday to minimize risk but I have retained a very small long position with the EUR//CHF. (Is that trade gambling?) Support is at 0.9580 and resistance at 0.9720. But those numbers are pointless probably given the referendum.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 118.59. </strong>Another hundred pip move higher in the week and I am still playing chicken with the JPY pairs. Something just does not feel right to me so I am sidelined. Support is at 117.30 and resistance is at 119.00.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: SNB – Gold Assert Vote.\r\nSUNDAY: NZD – RBNZ Governor Wheeler Speaks.\r\nSUNDAY: CNY – Manufacturing PMi and HSBC Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Building Approvals and RBA Interest Rate Statement.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: USD – Janet Yellen speaks.\r\nTUESDAY: NZD – GDT Price Index\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – BOC Interest Rate Statement.\r\nWEDNESDAY: USD – ISM Non-Manufacturing PMi.\r\nWEDNESDAY: CAD – BOC Governor Poloz speaks.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – Interest Rate Decision.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – IVEY PMi.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change &amp; Unemployment rate.\r\nFRIDAY: USD – Trade Balance.\r\nFRIDAY: CAD – Trade Balance.\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li>\r\n<h3><strong> FINAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">6.3 MY FINAL TRADING OVERVIEW THOUGHTS LOOKING FORWARD:</span>\r\n\r\nThere is massive data dumping due this week. I would go so far as to say that this will be one of the most jammed weeks with regards to Forex news that you will ever see.\r\n\r\nAs I have said already we are, in my opinion, in a range bound market. Even though the news items will be released thick and fast this week there is still the chance that we will see ranges tested but not broken. We have to be on our guard against false breakouts and false breakdowns.\r\n\r\nIf you are relatively new to Forex trading, this week could be a little dangerous. Whilst many traders talk about the desire to have volatility, sometimes when you have so much news released the effects of individual data is not noticed immediately in the price action. In effect, we become news junkies for a while.\r\n\r\nThe inter-market and inter-currency relationships can take some time to balance out. If we do not exercise some caution, we run the risk of over trading through complacency. We must remember and allow for the fact that with multiple data releases the full effects of the data may not come through immediately it may manifest itself later.\r\n\r\nIn other words, my suggestion to all traders this week is to trade with smaller position sizes than normal and have stops maybe a little wider as well.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 29th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','','','inherit','open','closed','','4863-revision-v1','','','2014-11-29 13:47:25','2014-11-29 18:47:25','',4863,'https://weeklyfxdrivethru.com/4863-revision-v1/',0,'revision','',0),(4865,1,'2014-11-29 13:48:19','2014-11-29 18:48:19','<h2 style=\"text-align: center;\"><strong>#131 - THE WEEKLY FX DRIVE THRU\r\n</strong><strong>29.11.2014</strong></h2>\r\n<ol>\r\n	<li>\r\n<h3><strong> INTRODUCTION:</strong></h3>\r\n</li>\r\n</ol>\r\nI felt as if last weeks’ trading was dominated by two events from the last 48 hours which were the OPEC decision from Vienna and CPi statistics from the EUROZONE. Both were very high profile data releases\r\n\r\nThey both coincided with the U.S. Thanksgiving holiday, and, as a result, because so many traders in the U.S. would have been away on extended vacations, I feel that we have not yet seen the full ramifications of the news\r\n\r\nThe OPEC decision not to cut production, in my opinion, is a clear message to U.S. shale producers. The cost to extract oil is now going to become much more prevalent in the news as the price of oil falls as a result of the over supply position in the market.\r\n\r\nThe EUROZONE news with CPi and Unemployment numbers in line with expectations, I think is a small relief rally before returning in the trend direction. Only a break above 1.2580-1.2600 would change my views.\r\n\r\nOn a general trading overview, we are still very range bound, which is annoying unless you are a range trader.\r\n\r\nThis coming week looks like one of the strongest weeks from a major news event risk perspective. The highlights being: -\r\n<p style=\"text-align: center;\">SNB Gold Asset Vote.\r\nRBA, BOC, BOE and ECB Interest Rate Decisions and Statements.\r\nECB - Press Conference.\r\nUSD, GBP, CNY and CAD - PMi data.\r\nCentral Bankers speaking from: RBNZ, USD, ECB and BOC.\r\nUSD – Non-Farm Employment Change.</p>\r\nIt will be a very busy week indeed. With all these events one would expect to see not just the ranges tested but broken. It will be a hectic week to say the least.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> THE PREMIUM SERVICE:\r\n</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES, PLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></h3>\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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nA very quiet, but profitable week of trading due to the U.S. Thanksgiving holiday, I did not really trade much beyond Wednesday and this is reflected in both profitability and number of trades.\r\n\r\nI only added 8 trades in the week, 7 were profitable and only one trade produced a loss.\r\n\r\nThe Forex market is still range bound and whilst the ranges contain prices, we are subject to false breakdowns and false breakouts. I feel that I am writing about caution all the time and to trade against this backdrop can be difficult not just for new traders but also for traders who have a few years experience.\r\n\r\nWe had a couple of weeks a while back when trading was directional but since then the USD (DXY) has kept us range bound. Ever since the 20+ year trend line was taken out the DXY has found it very hard to sustain momentum higher and we have really just been in a chop fest.\r\n\r\nHowever that said, I am pleased to have made profits, so its time to move forward once again.\r\n\r\n<span style=\"text-decoration: underline;\">THE PREMIUM SERVICE</span>\r\nPerformance - Month to date:\r\n\r\nTOTAL CLOSED TRADES             = 48\r\n\r\nPROFITABLE TRADES                   = 41 (85% of trades successful)\r\n\r\nLOSS MAKING TRADES                = 7 (15% failed trades)\r\n\r\nI am very comfortable with my trade ratios. I seem to be, despite my gloom and doom sometimes, better at trades in difficult conditions than when we have a trading or directional market. It does NOT make sense but I am looking at historic statistics and that comment appears very accurate…. weird.\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the numbers of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.4 SUBSCRIBING TO THE PREMIUM SERVICE – POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 482 trades at a cost of $48.20 and earned from those trades $1,079.70 (This exampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $144.60 ($48.20 x 3) and from those trades you would have earned $3,239.10 ($1,079.70 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 482 trades at a cost of $482.00 and earned from those trades $10,797.00 (This exampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,446.00 ($482.00 x 3) and from those trades you would have earned $32,391.00 ($10,797.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 482 trades at a cost of $4,820.00 and earned from those trades $107.970.00 (This exampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,660.00 ($4,820.00 x 3) and from those trades you would have earned $323,910.00 ($107,970.00 x 3).\r\n\r\nCost of annual membership of the PREMIUM SERVICE is $400.00.\r\n\r\nI would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> WHAT’S ON MY MIND:</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW\r\n</strong><strong>WHAT A F****D UP MARKET FOREX IS</strong></h3>\r\nAs I have had time over the past few days, through lack of trading, to sit back and look through my old journals, excel spreadsheets and blogs from this year the common theme from my written work has been repeated so many times.\r\n\r\nI had been writing about weird markets, unreal conditions, currency manipulation, divergences both inter-market and inter-currency as well as false accounting due to companies themselves buying up their own stock to inflate their balance sheets to show a better return than the actual true performance and so keeping the stock markets high and the related currencies for the most part supporting this. It is all bulls**t.\r\n\r\nDo fundamental views still count and are the technical as important given the above comments?\r\n\r\nI am just not certain any longer. I have my fundamental views and I see and read as many articles and bank reports as possible, although the banks just sell their own book anyhow. Why I continue to read them puzzles me as all they want you to do is buy or sell on their say so when its obvious that 99% of the time they are trading opposite to their press releases and articles.\r\n\r\nWhat is the true value of one U.S. dollar, one yen, one Aussie dollar, one Kiwi dollar or the pound? I couldn\'t tell you.\r\n\r\nThere is so much currency manipulation in the financial markets right now, that makes trading difficult to deal with at times. However when you add in the economic data that is released, in particular from China, which in the majority of cases is not believed to be credible, this adds to trading difficulties. Yet we operate in a Global market that nevertheless responds to the data releases as if they were 100% accurate. Then as traders we listen to analysts after a short cooling off period poo-pooing the data. It is a screwed up market that we have to try to trade within. How on earth is it possible on the majority of occasions to trade effectively when charts and fundamentals are skewed?\r\n\r\nI know that this is too highbrow, but it is relevant to currency trading. This is the market that we rely upon for a living whether it is full or part-time trading. I wrote last week about THE RACE TO THE BOTTOM. Having given that more thought, where is the bottom and when and where does this central bank intervention / manipulation end?\r\n\r\nFrom a Forex trading perspective right now, today, this moment, central bank policies are divergent.\r\n\r\n<strong>The FED</strong>: Quantitative Easing (QE) / Tapering reductions in support have ended and we are now awaiting news from the FED to tell us when interest rates are going to rise.\r\n\r\n<strong>The BOJ</strong>: Has dwarfed the FED levels of QE and by accounts it is similar to a poker play “ALL IN” to try and turn a DEFLATIONARY economy into a regular inflationary growth economy with normal supply and demand.\r\n\r\n<strong>The ECB</strong>: Failed at austerity measures as their preferred option after the 2008 financial crash. Zero growth and DEFLATION concerns worry the EUROZONE. The ECB is now looking at a bond buying program, despite the arguments against from Germany and it is rumoured that an ECB version of QE will be launched very early next year 2015.\r\n\r\n<strong>The BOE</strong>: Governor Mark Carney led the markets up the garden path a few months ago with his famed Mansion House Speech at the London Lord Mayors Banquet. Ever since he uttered the words that interest rates in the UK would rise quicker than the markets expected, he and his colleagues at the BOE have been in a JCB digging themselves a bigger hole to sit in. However, the BOE like the U.S. is coming out of easing, but it will probably be behind the FED. Maybe there will be a coordinated effort to increase interest rates.\r\n\r\n<strong>The RBA</strong>: Governor Glenn Stevens is the jawboning specialist along with the other key heads at the RBA. They are looking for around a 0.8000 level with the AUD/USD.\r\n\r\n<strong>The RBNZ:</strong> Governor Graeme Wheeler has intervened directly into the Forex markets in 2014 to weaken the strong Kiwi dollar. He has NOT ruled out doing it again. The New Zealand Prime Minister, John Key an ex currency chap has himself indicated on no less than three occasions that his target for the NZD/USD is closer to 0.6500. That\'s a long, long, long way away from current levels.\r\n\r\n<strong>The SNB</strong>: The peg on the EUR/CHF at 1.2000 will be very well defended according to SNB Governor Jordan. The big test will come this weekend on the GOLD referendum if a yes vote is carried; we may GAP DOWN sub 1.2000.\r\n\r\nThe more I think about Central Bank intervention / manipulation, whatever side of the fence you sit on and want to name it, I just cannot see one central bank going it alone in raising rates. It would be so difficult to maintain momentum; I just don\'t see it. The UK and the U.S. at best may try to raise rates together in a coordinated effort but I think that that is the best scenario out there, and that in itself could be years away.\r\n\r\nThe BOJ and the ECB will be easing for years to come, the EUROZONE does not unfortunately contain 19 Irish economies. The BOJ and ruling party in Japan were so scared of the effect of a sales tax rise the government had to dissolve parliament and seek a fresh mandate to continue with its policies. This is hardly encouraging for the longer-term. What happens if outgoing Prime Minister Shinzu Abe fails to get re-elected?\r\n\r\nAs traders, I think we can live off the back of central bank monetary policies providing us with our fundamental views, and, I do to a large extent believe and trust technicals on the charts but, for once I am now more fundamentally based on trading as the central banks should NOT be traded against as a policy unless it is at best intra-day and no more.\r\n\r\nI have told all people via these blogs that I am a fundamental trader first looking for technicals to fall in place. I see no reason to change for the foreseeable future.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></h3>\r\n</li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n4.1 TRADER TOPICS:\r\n\r\n4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:\r\n\r\n4.3 TRADES THAT ARE ON MY RADAR:\r\n\r\n4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li>\r\n<h3><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>THE VIEW FROM MY TRADING DESK:</strong>\r\n\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span><strong> </strong>\r\n\r\n<strong>EUR/USD: Closing Price 1.2448.</strong> We have seen range bound trading with this pair all of last week. Many analysts were expecting moves to 1.2600 or even a little higher but 1.2525 seems to the limit of how far the markets will let the EUR run. We have an ECB press conference this week, when it is expected that Mario Draghi will announce something to do with ECB policy on QE and when it will be introduced. Personally, I am expecting a can to be kicked into the array of press and media gathered for the conference this Thursday. Support is at 1.2350 and resistance at 1.2525.\r\n\r\n<strong>GBP/USD: Closing Price 1.5650</strong>. We witnessed a really nice collapse yesterday, I am so good I exited my short trade at 1.5673, the pair continued to fall to 1.5612!!. I am bearish this pair and see much lower levels. PREMIUM SERVICE subscribers should expect me to be over this pair like a rash from Monday morning. Support is at 1.5600 and resistance at 1.5680.\r\n\r\n<strong>AUD/USD: Closing Price 0.8501</strong>. We have been toying with 0.8475 all week. I see this pair moving towards 0.8000 in the coming weeks. Similar to the GBP/USD I will be over this pair with PREMIUM SERVICE subscribers early next week. Support is at 0.8475 and resistance at 0.8565.\r\n\r\n<strong>NZD/USD: Closing Price 0.7829</strong>. Over the past seven days there was not really much of a move in the weekly closing prices, last week was 0.7876. If the AUD/USD continues to fall, maybe the RBNZ will see this as an opportunity to intervene when they should see more “bang for their buck” as the two currencies usually move in harmony. For now however, we are in a nice, but boring range of 0.7800 to 0.7915.\r\n\r\n<strong>USD/CAD: Closing Price 1.1411.</strong> The OPEC decision and continued falling Oil prices have boosted this pair through 1.1400. Resistance is at the 52-week highs at 1.14666 and support is back at 1.1350.\r\n\r\n<strong>USD/CHF: Closing Price 0.9646</strong>. There is a huge amount of pressure on this pair with the EUR/CHF and GOLD referendum taking place tomorrow (Sunday) in Switzerland. Breaking out will be a problem with this data hanging over this pair. I closed my long with a small loss yesterday to minimize risk but I have retained a very small long position with the EUR//CHF. (Is that trade gambling?) Support is at 0.9580 and resistance at 0.9720. But those numbers are pointless probably given the referendum.<strong> </strong>\r\n\r\n<strong>USD/JPY: Closing Price 118.59. </strong>Another hundred pip move higher in the week and I am still playing chicken with the JPY pairs. Something just does not feel right to me so I am sidelined. Support is at 117.30 and resistance is at 119.00.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\n\r\nSUNDAY: SNB – Gold Assert Vote.\r\nSUNDAY: NZD – RBNZ Governor Wheeler Speaks.\r\nSUNDAY: CNY – Manufacturing PMi and HSBC Manufacturing PMi\r\n\r\nMONDAY: GBP – Manufacturing PMi.\r\nMONDAY: USD – ISM Manufacturing PMi.\r\nMONDAY: AUD – Building Approvals and RBA Interest Rate Statement.\r\n\r\nTUESDAY: GBP – Construction PMi.\r\nTUESDAY: USD – Janet Yellen speaks.\r\nTUESDAY: NZD – GDT Price Index\r\nTUESDAY: AUD – GDP.\r\n\r\nWEDNESDAY: GBP – Services PMi\r\nWEDNESDAY: USD – ADP Non-Farm Employment Change.\r\nWEDNESDAY: CAD – BOC Interest Rate Statement.\r\nWEDNESDAY: USD – ISM Non-Manufacturing PMi.\r\nWEDNESDAY: CAD – BOC Governor Poloz speaks.\r\nWEDNESDAY: AUD – Retail Sales and Trade Balance.\r\n\r\nTHURSDAY: GBP – Interest Rate Decision.\r\nTHURSDAY: EUR – Interest Rate Decision and Press Conference.\r\nTHURSDAY: CAD – IVEY PMi.\r\n\r\nFRIDAY: USD – Non-Farm Employment Change &amp; Unemployment rate.\r\nFRIDAY: USD – Trade Balance.\r\nFRIDAY: CAD – Trade Balance.\r\nFRIDAY: CAD – Employment Change and Unemployment Rate.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li>\r\n<h3><strong> FINAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">6.3 MY FINAL TRADING OVERVIEW THOUGHTS LOOKING FORWARD:</span>\r\n\r\nThere is massive data dumping due this week. I would go so far as to say that this will be one of the most jammed weeks with regards to Forex news that you will ever see.\r\n\r\nAs I have said already we are, in my opinion, in a range bound market. Even though the news items will be released thick and fast this week there is still the chance that we will see ranges tested but not broken. We have to be on our guard against false breakouts and false breakdowns.\r\n\r\nIf you are relatively new to Forex trading, this week could be a little dangerous. Whilst many traders talk about the desire to have volatility, sometimes when you have so much news released the effects of individual data is not noticed immediately in the price action. In effect, we become news junkies for a while.\r\n\r\nThe inter-market and inter-currency relationships can take some time to balance out. If we do not exercise some caution, we run the risk of over trading through complacency. We must remember and allow for the fact that with multiple data releases the full effects of the data may not come through immediately it may manifest itself later.\r\n\r\nIn other words, my suggestion to all traders this week is to trade with smaller position sizes than normal and have stops maybe a little wider as well.\r\n\r\nLongevity in Forex trading is achieved by trading with smaller position sizes to establish positions and then by adding at strategic Fibonacci or pivot point levels to enable you to maximize your profitability from trades. It is basically, you versus the world. If you view it that way you will have good DISCIPLINES and excellent MENTAL CAPACITY.\r\n\r\nJust remember; always use the RISK MANAGEMENT principles outlined in the PREMIUM SERVICE web site to ensure that you do not over-stretch your Forex account. To find this go to the EDUCATION tab and click on the TRADING ESSENTIALS section. Longevity in the Forex market is only achieved through strong TRADING DISCIPLINES that include effective and strategic POSITION SIZING.\r\n\r\nGood luck this week and always manage your risk.\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday November 29th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\ndrivethru@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nGoogle+/scottpickering\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','WHAT A F****D UP MARKET FOREX IS','','inherit','open','closed','','4863-revision-v1','','','2014-11-29 13:48:19','2014-11-29 18:48:19','',4863,'https://weeklyfxdrivethru.com/4863-revision-v1/',0,'revision','',0),(4866,1,'2014-11-29 13:55:28','2014-11-29 18:55:28','<section class=\"pdf-links\">\r\n<div class=\"one-third first\"><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/TRADING-WITH-ATRs.pdf\">TRADING WITH ATR\'s</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/HEDGING.pdf\">HEDGING</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/02/CREATING-A-TRADING-PLAN-3.0.pdf\">CREATING A TRADING PLAN</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/FOLLOWING-YOUR-TRADING-PLAN-.pdf\">FOLLOWING YOUR TRADING PLAN</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/PLANNING-YOUR-TRADES-2.0.pdf\">PLANNING YOUR TRADES (2.0)</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/MANAGING-RISK.pdf\">MANAGING RISK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/03/STOP-PLACEMENT.pdf\">STOP PLACEMENT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/MAXIMISING-PROFIT-POTENTIAL-BY-PROPERLY-SIZING-POSITIONS.pdf\">MAXIMISING PROFIT POTENTIAL BY PROPERLY SIZING POSITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-AROUND-THE-NEWS.pdf\">TRADING AROUND THE NEWS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/HANDLING-NEWS-WITH-AN-OPEN-POSITION.pdf\">HANDLING NEWS WITH AN OPEN POSITION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/LIVE-ACCOUNT-vs-DEMO-ACCOUNT.pdf\">LIVE ACCOUNT vs DEMO ACCOUNT</a>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/04/TRADING-WITH-A-FLEXIBLE-MINDSET.pdf\">TRADING WITH A FLEXIBLE MINDSET</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/PROBABILITIES-IN-TRADING.pdf\">PROBABILITIES IN TRADING</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-AND-DRAWDOWNS.pdf\">TRADING PSYCHOLOGY AND DRAWDOWNS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/TRADING-PSYCHOLOGY-RECENCY-BIAS.pdf\">TRADING PSYCHOLOGY - RECENCY BIAS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/A-MATHEMATICAL-APPROACH-TO-ELIMINATING-EMOTIONS.pdf\">A MATHEMATICAL APPROACH TO ELIMINATING EMOTIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/01/ARE-YOU-FORCING-TRADES_.pdf\">ARE YOU FORCING TRADES_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/06/TIPS-IN-ADJUSTING-TO-THE-FOREX-MARKET-WHEN-THERE-IS-LOW-VOLATILITY.pdf\">TIPS IN ADJUSTING TO THE FOREX MARKET WHEN THERE IS LOW VOLATILITY</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-1.pdf\">FX BROKERS -PART 1</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/FX-BROKERS-PART-2.pdf\">FX BROKERS - PART 2</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TIPS-ON-GETTING-BACK-INTO-TRADING-AFTER-A-BREAK.pdf\">TIPS ON GETTING BACK INTO TRADING AFTER A BREAK</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-MISTAKES-THAT-MAY-BE-LIMITING-YOUR-PROFITABILITY.pdf\">TRADING MISTAKES THAT MAY BE LIMITING YOUR PROFITABILITY</a>\r\n\r\n</div>\r\n<div class=\"one-third\">\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/TRADING-OUTSIDE-OF-YOUR-COMFORT-ZONE.pdf\">TRADING OUTSIDE OF YOUR COMFORT ZONE</a><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/09/ARE-YOU-PREDICTING-PRICE-ACTION_.pdf\">ARE YOU PREDICTING PRICE ACTION</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/DONT-GIVE-UP-ON-YOUR-TRADE-PLAN.pdf\">DON\'T GIVE UP ON YOUR TRADE PLAN</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-ADJUST-TO-CHANGING-TRADING-CONDITIONS.pdf\">HOW TO ADJUST TO CHANGING TRADING CONDITIONS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/10/HOW-TO-HANDLE-YOUR-FOREX-TRADING-WORRIES.pdf\">HOW TO HANDLE YOUR FOREX TRADING WORRIES</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/3-WAYS-TO-ENHANCE-YOUR-FOREX-TRADING-SKILLS.pdf\">3 WAYS TO ENHANCE YOUR FOREX TRADING SKILLS</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/THE-STAGES-OF-LOSS-IN-FOREX.pdf\">THE STAGES OF LOSS IN FOREX</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/ARE-YOU-A-GREEDY-FOREX-TRADER_.pdf\">ARE YOU A GREEDY FOREX TRADER_</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/SEVERAL-WAYS-TO-OVERCOME-TRADING-BURNOUT.pdf\">SEVERAL WAYS TO OVERCOME TRADING BURNOUT</a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/HOW-YOUR-PHYSICAL-WELL-BEING-AFFECTS-YOUR-FX-TRADING.pdf\">HOW YOUR PHYSICAL WELL-BEING AFFECTS YOUR FX TRADING</a>\r\n\r\n&nbsp;\r\n\r\n</div>\r\n</section>\r\n<div class=\"one-half first\">These resources are in PDF format that will allow for easy printing</div>','Trading Essentials','','inherit','open','closed','','2538-revision-v1','','','2014-11-29 13:55:28','2014-11-29 18:55:28','',2538,'https://weeklyfxdrivethru.com/2538-revision-v1/',0,'revision','',0),(4867,1,'2014-12-01 07:49:35','2014-12-01 12:49:35','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></h2>\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 1<sup>st</sup> December 2014\r\nREF: #134</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nWe were entertaining yesterday at the Asian open and from the open through the European session we saw quite a bit of volatility.\r\n\r\nThe GOLD / SWISS referendum looks like it had an effect. We opened with a very strong USD and a precious metals sell-off not forgetting a continued sell-off in Oil.\r\n\r\nWe have had a bounce, which, I expected and I re-adjusted entry levels on four RADAR TRADES that were posted at the end of last week. Three of the four limit orders triggered overnight.\r\n\r\nI have a feeling that this week will be a difficult week to trade. I am not too sure whether we will see a USD pullback or not but I am watching everything as close as possible. Be prepared we could see a squeezy market.\r\n\r\nI let 80 pips or so of a NZD/USD short (FT248) slip away overnight, as I did not expect the size of the bounce that took place.\r\n\r\nThere are a huge amount of data releases this week, so I will not be letting trades get too far away should they turn too negative. I think that the key level to watch could be the EUR/USD at 1.2500. Having said that I am expecting a lot of jawboning this week from the RBA and RBNZ. Plus, the “kick the can” expert Mario Draghi is on stage on Thursday. So while the EUR/USD level at 1.2500 is a nice level to look at, there is so much news this week it should not be the focus in isolation. But I feel we should be aware that we could see reversals this week.\r\n\r\nThe Holy Trinity (GOLD, OIL &amp; COPPER) are all lower, plus European equities are lower and U.S. equities are lower as well prior to the open\r\n\r\nAs I wrote in the “DRIVE THRU” blog over the weekend, taking small trade sizes to establish core positions is the sensible lower risk approach at the moment. Do not be surprised to see me cover trades with 25-50 pip profits this week, I am not looking for swing trades. I am pinching myself that I did not take 80 pips last night with the NZD/USD short.\r\n\r\nI will be on twitter later.\r\n\r\nTonight the RBA is centre stage and the AUD will on my RADAR for trades with the cross-rates EUR/AUD and GBP/AUD, plus the AUD/NZD. I gave my thoughts on these pairs over the weekend.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - ISM Manufacturing PMi.\r\n\r\nAUD: - Building Approvals &amp; RBA Statement and Cash Rate.\r\n\r\nGBP: - Construction PMI.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT225\r\nGBP/USD\r\nShort at 1.5640\r\nStop at 1.5740\r\nLimit at 1.5450\r\nPrice now 1.1.5702\r\nCurrent Profit / Loss Position -62\r\n\r\nRT226\r\nAUD/USD\r\nShort at 0.8490\r\nStop at 0.8550\r\nLimit at 0.8000\r\nPrice now 0.8481\r\nCurrent Profit / Loss Position +9 pips\r\n\r\nRT227\r\nNZD/USD\r\nShort at 0.7840\r\nStop at 0.7920\r\nLimit at 0.7250\r\nPrice now 0.7850\r\nCurrent Profit / Loss Position -10\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2027\r\nCurrent Profit / Loss Position -13 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2448\r\nStop at 1.2550\r\nLimit at 1.1860\r\nPrice now 1.2460\r\nCurrent Profit / Loss Position -12 pips\r\n\r\nFT248\r\nNZD/USD\r\nShort at 0.7871\r\nStop at 0.7940\r\nLimit at 0.7000\r\nPrice now 0.7850\r\nCurrent Profit / Loss Position +21 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong><strong> </strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT224\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2490\r\nStop at 1.2570\r\nLimit at 1.1860\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#134 - THE DAILY FX POST, Monday 1st December 2014','','publish','open','closed','','4867-2','','','2014-12-01 07:50:11','2014-12-01 12:50:11','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4867',0,'member_posts','',0),(4868,1,'2014-12-01 07:49:35','2014-12-01 12:49:35','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></h2>\r\n<strong>DATE: Monday 1<sup>st</sup> December 2014\r\nREF: #134</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nWe were entertaining yesterday at the Asian open and from the open through the European session we saw quite a bit of volatility.\r\n\r\nThe GOLD / SWISS referendum looks like it had an effect. We opened with a very strong USD and a precious metals sell-off not forgetting a continued sell-off in Oil.\r\n\r\nWe have had a bounce, which, I expected and I re-adjusted entry levels on four RADAR TRADES that were posted at the end of last week. Three of the four limit orders triggered overnight.\r\n\r\nI have a feeling that this week will be a difficult week to trade. I am not too sure whether we will see a USD pullback or not but I am watching everything as close as possible. Be prepared we could see a squeezy market.\r\n\r\nI let 80 pips or so of a NZD/USD short (FT248) slip away overnight, as I did not expect the size of the bounce that took place.\r\n\r\nThere are a huge amount of data releases this week, so I will not be letting trades get too far away should they turn too negative. I think that the key level to watch could be the EUR/USD at 1.2500. Having said that I am expecting a lot of jawboning this week from the RBA and RBNZ. Plus, the “kick the can” expert Mario Draghi is on stage on Thursday. So while the EUR/USD level at 1.2500 is a nice level to look at, there is so much news this week it should not be the focus in isolation. But I feel we should be aware that we could see reversals this week.\r\n\r\nThe Holy Trinity (GOLD, OIL &amp; COPPER) are all lower, plus European equities are lower and U.S. equities are lower as well prior to the open\r\n\r\nAs I wrote in the “DRIVE THRU” blog over the weekend, taking small trade sizes to establish core positions is the sensible lower risk approach at the moment. Do not be surprised to see me cover trades with 25-50 pip profits this week, I am not looking for swing trades. I am pinching myself that I did not take 80 pips last night with the NZD/USD short.\r\n\r\nI will be on twitter later.\r\n\r\nTonight the RBA is centre stage and the AUD will on my RADAR for trades with the cross-rates EUR/AUD and GBP/AUD, plus the AUD/NZD. I gave my thoughts on these pairs over the weekend.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - ISM Manufacturing PMi.\r\n\r\nAUD: - Building Approvals &amp; RBA Statement and Cash Rate.\r\n\r\nGBP: - Construction PMI.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT225\r\nGBP/USD\r\nShort at 1.5640\r\nStop at 1.5740\r\nLimit at 1.5450\r\nPrice now 1.1.5702\r\nCurrent Profit / Loss Position -62\r\n\r\nRT226\r\nAUD/USD\r\nShort at 0.8490\r\nStop at 0.8550\r\nLimit at 0.8000\r\nPrice now 0.8481\r\nCurrent Profit / Loss Position +9 pips\r\n\r\nRT227\r\nNZD/USD\r\nShort at 0.7840\r\nStop at 0.7920\r\nLimit at 0.7250\r\nPrice now 0.7850\r\nCurrent Profit / Loss Position -10\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2027\r\nCurrent Profit / Loss Position -13 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2448\r\nStop at 1.2550\r\nLimit at 1.1860\r\nPrice now 1.2460\r\nCurrent Profit / Loss Position -12 pips\r\n\r\nFT248\r\nNZD/USD\r\nShort at 0.7871\r\nStop at 0.7940\r\nLimit at 0.7000\r\nPrice now 0.7850\r\nCurrent Profit / Loss Position +21 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong><strong> </strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT224\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2490\r\nStop at 1.2570\r\nLimit at 1.1860\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','','','inherit','open','closed','','4867-revision-v1','','','2014-12-01 07:49:35','2014-12-01 12:49:35','',4867,'https://weeklyfxdrivethru.com/4867-revision-v1/',0,'revision','',0),(4869,1,'2014-12-01 07:50:11','2014-12-01 12:50:11','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></h2>\r\n&nbsp;\r\n\r\n<strong>DATE: Monday 1<sup>st</sup> December 2014\r\nREF: #134</strong>\r\n\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nWe were entertaining yesterday at the Asian open and from the open through the European session we saw quite a bit of volatility.\r\n\r\nThe GOLD / SWISS referendum looks like it had an effect. We opened with a very strong USD and a precious metals sell-off not forgetting a continued sell-off in Oil.\r\n\r\nWe have had a bounce, which, I expected and I re-adjusted entry levels on four RADAR TRADES that were posted at the end of last week. Three of the four limit orders triggered overnight.\r\n\r\nI have a feeling that this week will be a difficult week to trade. I am not too sure whether we will see a USD pullback or not but I am watching everything as close as possible. Be prepared we could see a squeezy market.\r\n\r\nI let 80 pips or so of a NZD/USD short (FT248) slip away overnight, as I did not expect the size of the bounce that took place.\r\n\r\nThere are a huge amount of data releases this week, so I will not be letting trades get too far away should they turn too negative. I think that the key level to watch could be the EUR/USD at 1.2500. Having said that I am expecting a lot of jawboning this week from the RBA and RBNZ. Plus, the “kick the can” expert Mario Draghi is on stage on Thursday. So while the EUR/USD level at 1.2500 is a nice level to look at, there is so much news this week it should not be the focus in isolation. But I feel we should be aware that we could see reversals this week.\r\n\r\nThe Holy Trinity (GOLD, OIL &amp; COPPER) are all lower, plus European equities are lower and U.S. equities are lower as well prior to the open\r\n\r\nAs I wrote in the “DRIVE THRU” blog over the weekend, taking small trade sizes to establish core positions is the sensible lower risk approach at the moment. Do not be surprised to see me cover trades with 25-50 pip profits this week, I am not looking for swing trades. I am pinching myself that I did not take 80 pips last night with the NZD/USD short.\r\n\r\nI will be on twitter later.\r\n\r\nTonight the RBA is centre stage and the AUD will on my RADAR for trades with the cross-rates EUR/AUD and GBP/AUD, plus the AUD/NZD. I gave my thoughts on these pairs over the weekend.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - ISM Manufacturing PMi.\r\n\r\nAUD: - Building Approvals &amp; RBA Statement and Cash Rate.\r\n\r\nGBP: - Construction PMI.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT225\r\nGBP/USD\r\nShort at 1.5640\r\nStop at 1.5740\r\nLimit at 1.5450\r\nPrice now 1.1.5702\r\nCurrent Profit / Loss Position -62\r\n\r\nRT226\r\nAUD/USD\r\nShort at 0.8490\r\nStop at 0.8550\r\nLimit at 0.8000\r\nPrice now 0.8481\r\nCurrent Profit / Loss Position +9 pips\r\n\r\nRT227\r\nNZD/USD\r\nShort at 0.7840\r\nStop at 0.7920\r\nLimit at 0.7250\r\nPrice now 0.7850\r\nCurrent Profit / Loss Position -10\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2027\r\nCurrent Profit / Loss Position -13 pips\r\n\r\nFT245\r\nEUR/USD\r\nShort at 1.2448\r\nStop at 1.2550\r\nLimit at 1.1860\r\nPrice now 1.2460\r\nCurrent Profit / Loss Position -12 pips\r\n\r\nFT248\r\nNZD/USD\r\nShort at 0.7871\r\nStop at 0.7940\r\nLimit at 0.7000\r\nPrice now 0.7850\r\nCurrent Profit / Loss Position +21 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong><strong> </strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT224\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2490\r\nStop at 1.2570\r\nLimit at 1.1860\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#134 - THE DAILY FX POST, Monday 1st December 2014','','inherit','open','closed','','4867-revision-v1','','','2014-12-01 07:50:11','2014-12-01 12:50:11','',4867,'https://weeklyfxdrivethru.com/4867-revision-v1/',0,'revision','',0),(4870,1,'2014-12-01 08:57:00','2014-12-01 13:57:00','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>PERFORMANCE RESULTS – YEAR TO DATE TO NOVEMBER 2014</strong></h2>\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers could benefit from membership.<strong> </strong>\r\n<h3><strong>WHAT IS THE PREMIUM SERVICE?</strong></h3>\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n<h3><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong></h3>\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n&nbsp;\r\n<h3><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></h3>\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n<h3><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></h3>\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n&nbsp;\r\n<h3><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></h3>\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\">FLASH TRADES</span>: These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n<span style=\"text-decoration: underline;\">RADAR TRADES</span>: These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<span style=\"text-decoration: underline;\">FUNDAMENTAL TRADES:</span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\"><img class=\"aligncenter size-full wp-image-4837\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\" alt=\"FLASH1 29112014\" width=\"499\" height=\"495\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\"><img class=\"aligncenter size-full wp-image-4838\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\" alt=\"FLASH2 29112014\" width=\"505\" height=\"477\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4839\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\" alt=\"FLASH YTD NOV14\" width=\"350\" height=\"382\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\"><img class=\"aligncenter size-full wp-image-4840\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\" alt=\"RADAR1 29112014\" width=\"556\" height=\"472\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\"><img class=\"aligncenter size-full wp-image-4841\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\" alt=\"RADAR2 29112014\" width=\"542\" height=\"488\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4842\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\" alt=\"RADAR YTD NOV14\" width=\"340\" height=\"371\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\"><img class=\"aligncenter size-full wp-image-4843\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\" alt=\"FUNDAMENTAL 29112014\" width=\"504\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4844\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\" alt=\"FUNDAMENTAL YTD NOV14\" width=\"342\" height=\"378\" /></a>\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\"><img class=\"aligncenter size-full wp-image-4853\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\" alt=\"PREM SERV TRADING SUMMARY NOV2014\" width=\"565\" height=\"327\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n<h3><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO\r\n</strong><strong>NOVEMBER 30<sup>TH</sup> 2014:</strong></h3>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n&nbsp;\r\n<h3><strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong></h3>\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-RISK-REWARD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4852\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-RISK-REWARD-NOV14.png\" alt=\"PREM SERV RISK-REWARD NOV14\" width=\"434\" height=\"558\" /></a>\r\n\r\n<strong> </strong>\r\n<h3><strong>WHAT ARE THE COSTS?</strong></h3>\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.<strong> </strong>\r\n\r\n<strong>FIRST TIME / INITIAL SUBSCRIPTION RATES:</strong>\r\n\r\nThere are three subscription options:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong>RENEWAL RATES:</strong>\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n<h3><strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong></h3>\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-BROKER-OPTION-NOV14.png\"><img class=\"aligncenter size-full wp-image-4851\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-BROKER-OPTION-NOV14.png\" alt=\"PREM SERV BROKER OPTION NOV14\" width=\"750\" height=\"658\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with.\r\n\r\n<strong> </strong>\r\n<h3><strong>TRADING BONUS:  <span style=\"text-decoration: underline;\">(THE TRADING BONUS EXPIRES 31st DECEMBER 2014)</span></strong></h3>\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n<h3><strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong></h3>\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nDecember 1st 2014\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE PREMIUM SERVICE -YEAR TO DATE PERFORMANCE AS AT 30TH NOVEMBER 2014','','publish','open','closed','','premium-service-year-date-performance-30th-november-2014','','','2015-01-13 19:20:16','2015-01-14 00:20:16','',0,'https://weeklyfxdrivethru.com/?p=4870',0,'post','',0),(4871,1,'2014-12-01 08:48:40','2014-12-01 13:48:40','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>PERFORMANCE RESULTS – YEAR TO DATE TO NOVEMBER 2014</strong></h2>\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers could benefit from membership.<strong> </strong>\r\n<h3><strong>WHAT IS THE PREMIUM SERVICE?</strong></h3>\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n<h3><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong></h3>\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n&nbsp;\r\n<h3><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></h3>\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n<h3><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></h3>\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n&nbsp;\r\n<h3><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></h3>\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\">FLASH TRADES</span>: These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n<span style=\"text-decoration: underline;\">RADAR TRADES</span>: These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<span style=\"text-decoration: underline;\">FUNDAMENTAL TRADES:</span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\"><img class=\"aligncenter size-full wp-image-4837\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\" alt=\"FLASH1 29112014\" width=\"499\" height=\"495\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\"><img class=\"aligncenter size-full wp-image-4838\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\" alt=\"FLASH2 29112014\" width=\"505\" height=\"477\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4839\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\" alt=\"FLASH YTD NOV14\" width=\"350\" height=\"382\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\"><img class=\"aligncenter size-full wp-image-4840\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\" alt=\"RADAR1 29112014\" width=\"556\" height=\"472\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\"><img class=\"aligncenter size-full wp-image-4841\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\" alt=\"RADAR2 29112014\" width=\"542\" height=\"488\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4842\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\" alt=\"RADAR YTD NOV14\" width=\"340\" height=\"371\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\"><img class=\"aligncenter size-full wp-image-4843\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\" alt=\"FUNDAMENTAL 29112014\" width=\"504\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4844\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\" alt=\"FUNDAMENTAL YTD NOV14\" width=\"342\" height=\"378\" /></a>\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\"><img class=\"aligncenter size-full wp-image-4853\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\" alt=\"PREM SERV TRADING SUMMARY NOV2014\" width=\"565\" height=\"327\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n<h3><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO\r\n</strong><strong>NOVEMBER 30<sup>TH</sup> 2014:</strong></h3>\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n(INSERT 2 x CHARTS)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>PLEASE NOTE:</strong>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n(INSERT 1 x CHART)\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>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>WHAT ARE THE COSTS?</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>FIRST TIME / INITIAL SUBSCRIPTION RATES:</strong>\r\n\r\n&nbsp;\r\n\r\nThere are three subscription options:\r\n\r\n&nbsp;\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>RENEWAL RATES:</strong>\r\n\r\n&nbsp;\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n&nbsp;\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n&nbsp;\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n&nbsp;\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n&nbsp;\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n&nbsp;\r\n\r\n(INSERT BROKER OPTION CHART)\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong>PLEASE NOTE:</strong>\r\n\r\n&nbsp;\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>TRADING BONUS:</strong>\r\n\r\n&nbsp;\r\n\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong>\r\n\r\n<strong> </strong>\r\n\r\n&nbsp;\r\n\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\n&nbsp;\r\n\r\nScott Pickering\r\n\r\nThe Pip Accumulator\r\n\r\nDecember 1st 2014\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\n&nbsp;\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE PREMIUM SERVICE -YEAR TO DATE PERFORMANCE AS AT 30TH NOVEMBER 2014','','inherit','open','closed','','4870-revision-v1','','','2014-12-01 08:48:40','2014-12-01 13:48:40','',4870,'https://weeklyfxdrivethru.com/4870-revision-v1/',0,'revision','',0),(4872,1,'2014-12-01 08:54:29','2014-12-01 13:54:29','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>PERFORMANCE RESULTS – YEAR TO DATE TO NOVEMBER 2014</strong></h2>\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers could benefit from membership.<strong> </strong>\r\n<h3><strong>WHAT IS THE PREMIUM SERVICE?</strong></h3>\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n<h3><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong></h3>\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n&nbsp;\r\n<h3><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></h3>\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n<h3><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></h3>\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n&nbsp;\r\n<h3><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></h3>\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\">FLASH TRADES</span>: These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n<span style=\"text-decoration: underline;\">RADAR TRADES</span>: These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<span style=\"text-decoration: underline;\">FUNDAMENTAL TRADES:</span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\"><img class=\"aligncenter size-full wp-image-4837\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\" alt=\"FLASH1 29112014\" width=\"499\" height=\"495\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\"><img class=\"aligncenter size-full wp-image-4838\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\" alt=\"FLASH2 29112014\" width=\"505\" height=\"477\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4839\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\" alt=\"FLASH YTD NOV14\" width=\"350\" height=\"382\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\"><img class=\"aligncenter size-full wp-image-4840\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\" alt=\"RADAR1 29112014\" width=\"556\" height=\"472\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\"><img class=\"aligncenter size-full wp-image-4841\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\" alt=\"RADAR2 29112014\" width=\"542\" height=\"488\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4842\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\" alt=\"RADAR YTD NOV14\" width=\"340\" height=\"371\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\"><img class=\"aligncenter size-full wp-image-4843\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\" alt=\"FUNDAMENTAL 29112014\" width=\"504\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4844\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\" alt=\"FUNDAMENTAL YTD NOV14\" width=\"342\" height=\"378\" /></a>\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\"><img class=\"aligncenter size-full wp-image-4853\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\" alt=\"PREM SERV TRADING SUMMARY NOV2014\" width=\"565\" height=\"327\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n<h3><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO\r\n</strong><strong>NOVEMBER 30<sup>TH</sup> 2014:</strong></h3>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n&nbsp;\r\n<h3><strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong></h3>\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-RISK-REWARD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4852\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-RISK-REWARD-NOV14.png\" alt=\"PREM SERV RISK-REWARD NOV14\" width=\"434\" height=\"558\" /></a>\r\n\r\n<strong> </strong>\r\n<h3><strong>WHAT ARE THE COSTS?</strong></h3>\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.<strong> </strong>\r\n\r\n<strong>FIRST TIME / INITIAL SUBSCRIPTION RATES:</strong>\r\n\r\nThere are three subscription options:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong>RENEWAL RATES:</strong>\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n<h3><strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong></h3>\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-BROKER-OPTION-NOV14.png\"><img class=\"aligncenter size-full wp-image-4851\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-BROKER-OPTION-NOV14.png\" alt=\"PREM SERV BROKER OPTION NOV14\" width=\"750\" height=\"658\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with.\r\n\r\n<strong> </strong>\r\n<h3><strong>TRADING BONUS:</strong></h3>\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n<h3><strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong></h3>\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nDecember 1st 2014\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE PREMIUM SERVICE -YEAR TO DATE PERFORMANCE AS AT 30TH NOVEMBER 2014','','inherit','open','closed','','4870-revision-v1','','','2014-12-01 08:54:29','2014-12-01 13:54:29','',4870,'https://weeklyfxdrivethru.com/4870-revision-v1/',0,'revision','',0),(4873,1,'2014-12-01 08:56:42','2014-12-01 13:56:42','<h2 style=\"text-align: center;\"><strong>THE PREMIUM SERVICE\r\n</strong><strong>PERFORMANCE RESULTS – YEAR TO DATE TO NOVEMBER 2014</strong></h2>\r\nBefore launching into lots of excel spread sheets and charts, I think that it may be prudent to explain a little bit about the PREMIUM SERVICE and how it came to be and how subscribers could benefit from membership.<strong> </strong>\r\n<h3><strong>WHAT IS THE PREMIUM SERVICE?</strong></h3>\r\nThe PREMIUM SERVICE is a Forex subscription service that provides you with trade set-ups, as they happen plus my thoughts and views on the Forex market.\r\n\r\nOver the following few paragraphs I am hoping that I will convince you that having a subscription to the PREMIUM SERVICE is not only a shrewd trading decision but also a shrewd business decision.\r\n\r\n<strong> </strong>\r\n<h3><strong>HOW DID THE PREMIUM SERVICE EVOLVE?</strong></h3>\r\nI started trading Forex about 7 years ago. Like many new traders I thought that the Forex Market was: -\r\n<ul>\r\n	<li>An easy way to add an additional income stream into my family’s monthly finances.</li>\r\n	<li>Quite straightforward, the chart reading seemed easy to follow; until I realized the trainer was always looking back at this is what you should have done.</li>\r\n	<li>Nobody really sat me down and taught me about “Levels of interest”, “Support and Resistance”, “Pivot Points and their uses”, and how useful certain “Fibonacci levels” are when plotting potential moves.</li>\r\n</ul>\r\nIt took me 3 or 4 years of learning the hard way, to come to the realization that trading Forex is not that straightforward and it most certainly is NOT easy. My last 3 years or so of trading however has changed my entire view on the markets and how I trade them.\r\n\r\nIn 2013, I made the decision that I would change the format of my blog “THE WEEKLY FX DRIVE THRU”, which had previously contained many successful trade set-ups on all types of trades and currency pairs to have a different focus.\r\n\r\nStarting in 2014 I launched a more detailed weekly review called the PREMIUM SERVICE in which all my set-ups and thoughts on the market are contained.\r\n\r\nThe PREMIUM SERVICE is now 10 months old and it has been more successful than I had anticipated, feedback is better than I had originally hoped and my profits are above my original objectives. I am to coin a phrase…. absolutely delighted.\r\n\r\n&nbsp;\r\n<h3><strong>THE PREMIUM SERVICE IS FOR ALL TRADERS - WHAT TYPE OF TRADER ARE YOU?</strong></h3>\r\nThe PREMIUM SERVICE attracts many different traders at different levels of experience.\r\n<ul>\r\n	<li>NEW FULL-TIME OR NEW PART-TIME TRADERS – Looking to generate either a permanent additional income stream or a supplementary income stream.</li>\r\n	<li>AN INTERMEDIATE TRADER – Looking for additional support, maybe a different perspective on trades.</li>\r\n	<li>A SEASONED TRADER – Finding it very isolated and hard with existing trading conditions and looking for confirmations of another traders view.</li>\r\n	<li>A TECHNICAL TRADER – Just looking for an alternative view, a different set of eyes interpreting the same chart, maybe seeking some validation.\r\nMaybe you just want a “Fundamental traders” viewpoint as an alternative.</li>\r\n</ul>\r\n&nbsp;\r\n<h3><strong>HOW DOES THE PREMIUM SERVICE WORK AND WHAT DO YOU RECEIVE?</strong></h3>\r\nFirstly, it is NOT an automated system.\r\n\r\nI provide trade set-ups and trades that are on “MY RADAR” to you via the PREMIUM SERVICE version of THE WEEKLY FX DRIVE THRU each week.\r\n\r\nEach day before 9.00am EDT I post a very brief overview of what I am initially looking at market-wise into the PREMIUM SERVICE exclusive area of my website called THE DAILY FX POST, which some day’s can be nothing, and also if trades are on my radar they are posted into this daily blog. It is not a guarantee of trade-set ups because some days there are no trades.\r\n\r\nIf I see a trade that interests me, I post trade set-ups, it is up to you if you decide to follow them or not.\r\n\r\nFinally, PREMIUM SERVICE subscribers have access to an exclusive secure twitter feed into which 24x7 I will tweet trade ideas, set-ups, amendments to limit orders, amendments to live trades, basically anything that is on my mind. (Whilst I live on NYC time I am active in most sessions, I sleep at weekends).\r\n\r\nSubscribers also have access to a whole section of training materials on the website. All the trades that are entered are summarized and posted on excel spreadsheets on the website, so that you can see if you did not take a particular trade, whether it made money or not.\r\n\r\nI also provide bespoke training for subscribers, if they want it. This is priced individually based upon each individual’s needs, timings and requirements.\r\n\r\n&nbsp;\r\n<h3><strong>WHAT ARE THE TRADE-BY-TRADE SUCCESS AND FAILURE RATES?</strong></h3>\r\nBelow there are a series of excel spreadsheets by trade type, for the month just completed and for the year to date summary.\r\n\r\nI have three styles of trades: -\r\n\r\n<span style=\"text-decoration: underline;\">FLASH TRADES</span>: These tend to be immediate trades usually based on the pullback system of entering a trade. They are usually day trades but they can develop in to swing trades sometimes.\r\n\r\n<span style=\"text-decoration: underline;\">RADAR TRADES</span>: These are trades with targeted entries with limit orders and exits based off technical levels on my trading charts. Usually these trades are LIVE for a day or two sometimes longer.\r\n\r\n<span style=\"text-decoration: underline;\">FUNDAMENTAL TRADES:</span> I am a fundamental trader first, then technical. These trades are of a longer-term duration, usually with targeted limit order entries.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\"><img class=\"aligncenter size-full wp-image-4837\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH1-29112014.png\" alt=\"FLASH1 29112014\" width=\"499\" height=\"495\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\"><img class=\"aligncenter size-full wp-image-4838\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH2-29112014.png\" alt=\"FLASH2 29112014\" width=\"505\" height=\"477\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4839\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FLASH-YTD-NOV14.png\" alt=\"FLASH YTD NOV14\" width=\"350\" height=\"382\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\"><img class=\"aligncenter size-full wp-image-4840\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR1-29112014.png\" alt=\"RADAR1 29112014\" width=\"556\" height=\"472\" /></a>\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\"><img class=\"aligncenter size-full wp-image-4841\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR2-29112014.png\" alt=\"RADAR2 29112014\" width=\"542\" height=\"488\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4842\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/RADAR-YTD-NOV14.png\" alt=\"RADAR YTD NOV14\" width=\"340\" height=\"371\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\"><img class=\"aligncenter size-full wp-image-4843\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-29112014.png\" alt=\"FUNDAMENTAL 29112014\" width=\"504\" height=\"515\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4844\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/FUNDAMENTAL-YTD-NOV14.png\" alt=\"FUNDAMENTAL YTD NOV14\" width=\"342\" height=\"378\" /></a>\r\n\r\nBelow is a copy of the PREMIUM SERVICE TRADING SUMMARY. This shows the number of trades entered and closed based on the month and a year to date breakdown. From this you can see the numbers of positive profitable trades and losing trades and the percentage splits.\r\n\r\n<strong><a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\"><img class=\"aligncenter size-full wp-image-4853\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-TRADING-SUMMARY-NOV2014.png\" alt=\"PREM SERV TRADING SUMMARY NOV2014\" width=\"565\" height=\"327\" /></a> </strong>\r\n\r\n<strong> </strong>\r\n<h3><strong>THE PREMIUM SERVICE – FINANCIAL RESULTS TO\r\n</strong><strong>NOVEMBER 30<sup>TH</sup> 2014:</strong></h3>\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\"><img class=\"aligncenter size-full wp-image-4835\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREMSERVICE-PROFITS1-30112014.png\" alt=\"PREMSERVICE PROFITS1 30112014\" width=\"455\" height=\"427\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\"><img class=\"aligncenter size-full wp-image-4836\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERVICE-PROFITS2-30112014.png\" alt=\"PREM SERVICE PROFITS2 30112014\" width=\"472\" height=\"424\" /></a>\r\n\r\n&nbsp;\r\n<h3><strong>WHAT IS THE PREMIUM SERVICE - TRADE-BY-TRADE RISK VERSUS REWARD ANALYSIS?</strong></h3>\r\nThis chart below shows the number of trades completed monthly and year to date.\r\n\r\nBased upon the lot size traded and number of trades it shows the COST versus PROFIT to trade for MICRO, MINI or STANDARD LOTS.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-RISK-REWARD-NOV14.png\"><img class=\"aligncenter size-full wp-image-4852\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-RISK-REWARD-NOV14.png\" alt=\"PREM SERV RISK-REWARD NOV14\" width=\"434\" height=\"558\" /></a>\r\n\r\n<strong> </strong>\r\n<h3><strong>WHAT ARE THE COSTS?</strong></h3>\r\nThere will be 40 weekly blogs / issues per year. I will not write in the summer and over Christmas periods. There will be an unlimited amount of Twitter follow-ups to the exclusive subscribers on a Twitter secure feed during the week to review and act upon “FLASH, RADAR and FUNDAMENTAL trades” and issues emanating from previous blogs.<strong> </strong>\r\n\r\n<strong>FIRST TIME / INITIAL SUBSCRIPTION RATES:</strong>\r\n\r\nThere are three subscription options:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $400.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n20 WEEKS SUBSCRIPTION: $250.00\r\n\r\n(Equivalent $12.50 per week)\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n\r\n<strong>RENEWAL RATES:</strong>\r\n\r\nThese apply after a full priced subscription has completed:\r\n\r\n40 WEEKS (ANNUAL) SUBSCRIPTION: $300.00\r\n\r\n(Equivalent $7.50 per week)\r\n\r\n20 WEEKS SUBSCRIPTION: $200.00\r\n\r\n(Equivalent $10.00 per week)\r\n\r\n10 WEEKS SUBSCRIPTION: $150.00\r\n\r\n(Equivalent $15.00 per week)\r\n\r\n(All Fees are quoted in USD\r\n\r\nand Please note: There are no refunds once a subscription is accepted)\r\n\r\n<strong> </strong>\r\n<h3><strong>THE PREMIUM SERVICE - EXAMPLE OF SINGLE LOT TRADING RETURNS WITH A NEW BROKER ACCOUNT COMBINED WITH A SUBSCRIPTION.</strong></h3>\r\nUntil 31st December 2014, as long as your account is opened and funded with my SUGGESTED BROKER (contact me for details) a bonus of 30% up to a maximum of $3,000.00 will be added to your new FX broker account. The minimum account opening balance must be $1,000.00.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-BROKER-OPTION-NOV14.png\"><img class=\"aligncenter size-full wp-image-4851\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/11/PREM-SERV-BROKER-OPTION-NOV14.png\" alt=\"PREM SERV BROKER OPTION NOV14\" width=\"750\" height=\"658\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n\r\nPast results with my RADAR, FLASH and FUNDAMENTAL trades are not necessarily indicative of future results.\r\n\r\nFrom the chart above I want to make the following comments to clarify a few points: -\r\n\r\nAll of the above returns are based upon single lot trading only.\r\n\r\nObviously if you are able to trade with a greater RISK MANAGEMENT TOLERANCE your returns would be multiplied by the positioning sizes you are trade with.\r\n\r\n<strong> </strong>\r\n<h3><strong>TRADING BONUS:  <span style=\"text-decoration: underline;\">(THE TRADING BONUS EXPIRES 31st DECEMBER 2014)</span></strong></h3>\r\nThere is also a trading bonus which can only be given if you chose to open an account or an additional account with one of my preferred brokers who have banners on my website. I have a marketing arrangement with them and from time to time bonuses are available. The minimum balance to attract a bonus is usually USD$1,000.00.\r\n\r\nYou can still subscribe to the PREMIUM SERVICE without signing up with one of my preferred brokers but please note the TRADING BONUS would not be applicable.\r\n\r\n&nbsp;\r\n<h3><strong>IF I AM INTERESTED AND I WANT TO SUBSCRIBE WHAT DO I DO NEXT?</strong></h3>\r\nIf you are happy with all the above and want to move forward to the next stage, you basically have two options to choose from: -\r\n<ul>\r\n	<li>- A PREMIUM SERVICE subscription and a separate BROKER account with a TRADING BONUS</li>\r\n	<li>- A PREMIUM SERVICE subscription.</li>\r\n</ul>\r\nFor the first option, go to my website <a href=\"http://www.weeklyfxdrivethru.com/\">www.weeklyfxdrivethru.com</a> and on my welcome page click on the banner for BLACKWELL GLOBAL. This will lead through an account opening procedure that should take no more than 15-20 minutes maximum. Please note you will need to scan or fax Photo ID plus a recent (within 3 months) utility bill confirming your address.\r\nIt takes about 72 hours for the broker account to be fully up and running, basically as fast as you can transfer money. Once this is complete, I will contact you about and organize your TRADING BONUS.\r\nThe bonus amount added is calculated on a scale depending on how much you transfer to open your account as follows: - (From $500 to $999.99 = 20% and from $1,000 through to $10,000 = 30%, for amounts in excess of $10,000 the ceiling is a flat payment of $3,000)\r\nFor both the First and Second options subscribing to the PREMIUM SERVICE takes literally just 5 minutes maximum. On my welcome page go to SIGN-UP at the top of the page to subscribe. Choose the period that you want to subscribe for, 10, 20 or 40 weeks. You pick your password, ID etc. You will need a PayPal account to complete your subscription.\r\nI hope that you will find the argument to sign up and subscribe to the PREMIUM SERVICE compelling and look forward to welcoming you onboard soon.\r\n\r\nIf you have any questions at all please email me at  - premiumservice@weeklyfxdrivethru.com\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nDecember 1st 2014\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE PREMIUM SERVICE -YEAR TO DATE PERFORMANCE AS AT 30TH NOVEMBER 2014','','inherit','open','closed','','4870-revision-v1','','','2014-12-01 08:56:42','2014-12-01 13:56:42','',4870,'https://weeklyfxdrivethru.com/4870-revision-v1/',0,'revision','',0),(4876,1,'2014-12-02 08:22:39','2014-12-02 13:22:39','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></h2>\r\n<h3><strong>DATE: Tuesday 2nd December 2014\r\nREF: #135</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nThe RBA last night kept rates on hold and really after reading the statement from my eyes there did not appear much different from the previous statement. The only difference that I could see was the “likely to be needed” inclusion.\r\n\r\nI was going to trade last night after the data release and had all screens at the ready. As usual there was the knee-jerk strength on the back of no rate movement then a pullback after the content of the statement was digested a little more. I was about to press the button to go and then out of nowhere more AUD strength. I waited a minute the AUD/USD broke above 0.8500 and held, so I decided bed.\r\n\r\nNow we can see that over the interim 8 hours or so common sense has prevailed and along with USD strength the AUD has fallen back below 0.8450.\r\n\r\nI was spooked by two of my peers yesterday, who were both convinced that a major squeeze was in play; I had text messages and emails about a EUR/USD squeeze. This made me close off all USD trades. The action in Gold and Oil supported my call to close the USD trades.\r\n\r\nThis was a classic “STICK YOUR PRINCIPLES &amp; BELIEFS”, which I did not do, although there were one or two compelling reasons over and above the many text messages and emails. In my opinion I managed RISK.\r\n\r\nWe are at a crossroads; the number of communications yesterday trying to establish the market direction was overwhelming at times.\r\n\r\nLooking at the overview of all the trading ranges, we were contained. Below were my extremes from both the trades that were closed plus comments from the WEEKLY FX DRIVE THRU: -\r\n\r\nEUR/USD held 1.2525\r\n\r\nAUD/USD held 0.8550\r\n\r\nNZD/USD held 0.7915\r\n\r\nUSD/CHF held 0.9580\r\n\r\nUSD/CAD held 1.1280\r\n\r\nThe only pair that really pushed the extreme but did not break my outer stop limit was cable at 1.5750, but I had 1.5800 in my trades.\r\n\r\nI apologise; it is not often that I get spooked and cover a few loss trades in one fell swoop. In my defence GOLD, SILVER and OIL moves were compelling reasons NOT to keep USD long trades in place.\r\n\r\nI have added replacement and additional RADAR and FUNDAMENTAL trades to this blog. I spoke yesterday with one or two of you and, as requested, I have placed limit orders for the commodity cross rates as well. There are 11 limit orders in total listed.\r\n\r\nAs I explained, some of the entry levels are a little away from the current price action. Remember, we are still range bound and it will be choppy whilst we are contained within the range due to the volatility we will face given the amount of economic data due to be released. For many of these trades to trigger patience will be required. I may be sat on the sidelines for a bit of time, who knows.\r\n\r\nI have a webinar with my peer group later this morning (EDT), so I will be off twitter for a few hours.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - Janet Yellen speaks.\r\nNZD: - Dairy Auction Prices.\r\n\r\nAUD: - GDP.\r\n\r\nGBP: - Services PMi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR trades at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2039\r\nCurrent Profit / Loss Position -1 pip\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT228\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2520\r\nStop at 1.2600\r\nLimit at 1.1860\r\n\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8540\r\nStop at 0.8600\r\nLimit at 0.800\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7900\r\nStop at 0.7950\r\nLimit at 0.7000\r\n\r\nRT231\r\nUSD/CHF\r\nLONG\r\nEntry at 0.9580\r\nStop at 0.9520\r\nLimit at 0.9725\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1320\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\nPLEASE NOTE:\r\nThe following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago.\r\n\r\nFUN74\r\nEUR/CAD\r\nLONG\r\nEntry at 1.4050\r\nStop at 1.3850\r\nLimit at 1.4500\r\n\r\nFUN75\r\nGBP/CAD\r\nLONG\r\nEntry at 1.7800\r\nStop at 1.7650\r\nLimit at 1.8300\r\n\r\nFUN76\r\nEUR/AUD\r\nLONG\r\nEntry at 1.4700\r\nStop at 1.4500\r\nLimit at 1.5200\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5650\r\nStop at 1.5400\r\nLimit at 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 1.9750\r\nStop at 1.9580\r\nLimit at 2.0500\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#135 - THE DAILY FX POST, Tuesday 2nd DECEMBER 2014','','publish','open','closed','','135-daily-fx-post-tuesday-2nd-december-2014','','','2014-12-02 08:22:39','2014-12-02 13:22:39','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4876',0,'member_posts','',0),(4877,1,'2014-12-02 08:22:39','2014-12-02 13:22:39','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></h2>\r\n<h3><strong>DATE: Tuesday 2nd December 2014\r\nREF: #135</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nThe RBA last night kept rates on hold and really after reading the statement from my eyes there did not appear much different from the previous statement. The only difference that I could see was the “likely to be needed” inclusion.\r\n\r\nI was going to trade last night after the data release and had all screens at the ready. As usual there was the knee-jerk strength on the back of no rate movement then a pullback after the content of the statement was digested a little more. I was about to press the button to go and then out of nowhere more AUD strength. I waited a minute the AUD/USD broke above 0.8500 and held, so I decided bed.\r\n\r\nNow we can see that over the interim 8 hours or so common sense has prevailed and along with USD strength the AUD has fallen back below 0.8450.\r\n\r\nI was spooked by two of my peers yesterday, who were both convinced that a major squeeze was in play; I had text messages and emails about a EUR/USD squeeze. This made me close off all USD trades. The action in Gold and Oil supported my call to close the USD trades.\r\n\r\nThis was a classic “STICK YOUR PRINCIPLES &amp; BELIEFS”, which I did not do, although there were one or two compelling reasons over and above the many text messages and emails. In my opinion I managed RISK.\r\n\r\nWe are at a crossroads; the number of communications yesterday trying to establish the market direction was overwhelming at times.\r\n\r\nLooking at the overview of all the trading ranges, we were contained. Below were my extremes from both the trades that were closed plus comments from the WEEKLY FX DRIVE THRU: -\r\n\r\nEUR/USD held 1.2525\r\n\r\nAUD/USD held 0.8550\r\n\r\nNZD/USD held 0.7915\r\n\r\nUSD/CHF held 0.9580\r\n\r\nUSD/CAD held 1.1280\r\n\r\nThe only pair that really pushed the extreme but did not break my outer stop limit was cable at 1.5750, but I had 1.5800 in my trades.\r\n\r\nI apologise; it is not often that I get spooked and cover a few loss trades in one fell swoop. In my defence GOLD, SILVER and OIL moves were compelling reasons NOT to keep USD long trades in place.\r\n\r\nI have added replacement and additional RADAR and FUNDAMENTAL trades to this blog. I spoke yesterday with one or two of you and, as requested, I have placed limit orders for the commodity cross rates as well. There are 11 limit orders in total listed.\r\n\r\nAs I explained, some of the entry levels are a little away from the current price action. Remember, we are still range bound and it will be choppy whilst we are contained within the range due to the volatility we will face given the amount of economic data due to be released. For many of these trades to trigger patience will be required. I may be sat on the sidelines for a bit of time, who knows.\r\n\r\nI have a webinar with my peer group later this morning (EDT), so I will be off twitter for a few hours.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - Janet Yellen speaks.\r\nNZD: - Dairy Auction Prices.\r\n\r\nAUD: - GDP.\r\n\r\nGBP: - Services PMi.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR trades at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2039\r\nCurrent Profit / Loss Position -1 pip\r\n\r\n<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL trades at this time\r\n\r\n<strong> </strong>\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT228\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2520\r\nStop at 1.2600\r\nLimit at 1.1860\r\n\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8540\r\nStop at 0.8600\r\nLimit at 0.800\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7900\r\nStop at 0.7950\r\nLimit at 0.7000\r\n\r\nRT231\r\nUSD/CHF\r\nLONG\r\nEntry at 0.9580\r\nStop at 0.9520\r\nLimit at 0.9725\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1320\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\nPLEASE NOTE:\r\nThe following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago.\r\n\r\nFUN74\r\nEUR/CAD\r\nLONG\r\nEntry at 1.4050\r\nStop at 1.3850\r\nLimit at 1.4500\r\n\r\nFUN75\r\nGBP/CAD\r\nLONG\r\nEntry at 1.7800\r\nStop at 1.7650\r\nLimit at 1.8300\r\n\r\nFUN76\r\nEUR/AUD\r\nLONG\r\nEntry at 1.4700\r\nStop at 1.4500\r\nLimit at 1.5200\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5650\r\nStop at 1.5400\r\nLimit at 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 1.9750\r\nStop at 1.9580\r\nLimit at 2.0500\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#135 - THE DAILY FX POST, Tuesday 2nd DECEMBER 2014','','inherit','open','closed','','4876-revision-v1','','','2014-12-02 08:22:39','2014-12-02 13:22:39','',4876,'https://weeklyfxdrivethru.com/4876-revision-v1/',0,'revision','',0),(4880,1,'2014-12-03 00:52:07','2014-12-03 05:52:07','<h2>EARN THE EQUIVALENT OF US$150.00 PER REFERRAL</h2>\r\nMany existing subscribers have written to me telling me that they have mentioned the PREMIUM SERVICE and the added value that it offers, when speaking to their circles of friends or fellow traders.\r\n\r\nI have of course been extremely grateful for these comments and actions.\r\n\r\nI wanted to come through with an incentive to reward those subscribers who refer the PREMIUM SERVICE as it is much appreciated; therefore I have decided to introduce a PREMIUM SERVICE REFERRAL PROGRAMME\r\n<h4>How does it work?</h4>\r\nEvery time an existing subscriber introduces a friend, colleague or fellow trader to the PREMIUM SERVICE I will add an additional 10 weeks to the referring subscribers membership period. This is the equivalent of a $150.00 value.\r\n\r\nThere are no limits to the numbers of those that can be introduced.\r\n<h4>How to claim your subscription extension</h4>\r\n<div class=\"kicker-three\">Write to me at\r\n<div class=\"btn\"><a href=\"mailto:premiumservice@weeklyfxdrivethru.com\">premiumservice@weeklyfxdrivethru.com</a></div>\r\nprovide me with your details and the name(s) and email address(s) of the person or persons that you have you have introduced.\r\n\r\n</div>\r\nVery simple…very straightforward….very easy.\r\n\r\nI will write back to you and confirm your revised subscription expiry date.\r\n\r\nScott Pickering\r\nThe Pip Accumulator','PREMIUM SERVICE REFERRAL PROGRAMME','','inherit','open','closed','','4193-revision-v1','','','2014-12-03 00:52:07','2014-12-03 05:52:07','',4193,'https://weeklyfxdrivethru.com/4193-revision-v1/',0,'revision','',0),(4881,1,'2014-12-03 08:02:16','2014-12-03 13:02:16','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></h2>\r\n&nbsp;\r\n<h3><strong>DATE: Wednesday 3<sup>rd</sup> December 2014\r\nREF: #136</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nLate yesterday I tweeted several tweets looking for some feedback on a couple of issues that have been raised. I want to keep things fresh, so I am looking for feedback.\r\n\r\nShould any of you have feedback / thoughts / comments on the two matters listed below please contact me.\r\n\r\nI have already received some great feedback from a few of you; however, if you have something to add please feel free to do so.\r\n\r\n<span style=\"text-decoration: underline;\">1: - COMMUNICATION OPTIONS:</span>\r\n\r\nI am looking at alternatives or additions to twitter to enable me to communicate TRADE SET-UPS / AMENDMENTS to you. I am very happy to look at other options that are available.\r\n\r\nEmail is an obvious alternative but there time delays, which, are out of my control.\r\n\r\nEmail does allow me to add additional information to a trade set up such as when I will add to a position size if that was my original intention etc. Plus if I thought it would help my thoughts behind the trade.\r\n\r\nI think that for RADAR and FUNDAMENTAL trades this offers greater opportunities for my thought process.\r\n\r\nOn the negative side, I can only email files/attachments if I have my MacBook Air with me. If I am traveling or trading from bed this cannot be a guarantee.\r\n\r\nI have an example of what I am thinking about to email below. Please feel free to add comments.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png\"><img class=\"aligncenter size-full wp-image-4879\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png\" alt=\"PREMIUM SERVICE EMAIL ALERT 1.0\" width=\"316\" height=\"556\" /></a>\r\n\r\n&nbsp;\r\n\r\nAdditionally, on the negative side, for FLASH TRADES the email format has timing problems; by the time I have the administration complete the trade could be over!!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2: - TWITTER ALERTS:</span>\r\n\r\nI have my twitter account set up so that alerts from certain people pop up in the centre of my iPAD.\r\n\r\nDoes anyone know of being able to do this with a sound alert to advise a subscriber of a tweet, I cannot see anything?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">HEADS UP LOOKING FORWARD:</span>\r\n\r\nWith regards to trading, after this week, if history repeats itself the market starts to slow and all the media talks about is the Santa Claus rally. This weekend is the final WEEKLY FX DRIVE THRU until 2015. During the GAP, I will be updating the PREMIUM SERVICE website as required plus advertising and researching as a result, very little trading.\r\n\r\nI will be on twitter etc. through to the 12<sup>th</sup> of December.\r\n\r\n2015 starts for me January 10<sup>th</sup>.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">INITIAL THOUGHTS ON FOREX:</span>\r\n\r\nIt’s all about the EUR/USD. It broke thru 1.2350 and took an extended stop-loss run down to 1.2321.\r\n\r\nThe AUD GDP last night took the AUD/USD down to a major Fibonacci level of 0.8390. On the first attempt we bounced and if you were matching my trades the limit order with the EUR/AUD was triggered on the news and tried to take 1.4750, which coincided with the AUD/USD level of 0.8390. I placed a protective stop on the EUR/AUD at 1.4740, which was taken as the AUD/USD bounced and subsequently the EUR/AUD on the back of has pulled back over 100 pips. Nice quick +40 pips trade.\r\n\r\nThere is a lot of news over the next 48 hours. U.S. equities are basically flat, as is the HOLY TRINITY of OIL, GOLD and COPPER. We are awaiting the ADP data. I am interested in the CAD BOC statement and this may result in some CAD FLASH TRADES.\r\n\r\nI have amended the limit orders that were placed yesterday, and, being frank, I am hesitant to play anymore with these other than cancel some of them during the day given the news events on the horizon to minimalise potential risk.\r\n\r\nMy peer group webinar was very disjointed yesterday with interruptions, so we are going to try again today with rules in place.\r\n\r\nI will be on twitter, after the webinar.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - ADP Non-Farm Employment Change.\r\nCAD: - BOC Rate Statement and Poloz Speaks.\r\n\r\nAUD: - Retail Sales and Trade Balance.\r\n\r\nGBP: - Bank Rate and MPC Rate Statement.\r\nEUR: - Interest Rate and ECB Press Conference.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR trades at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2029\r\nCurrent Profit / Loss Position -11 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN74\r\nEUR/CAD\r\nLONG\r\nEntry at 1.4050\r\nStop at 1.3850\r\nLimit at 1.4500\r\nPrice now: 1.4036\r\nCurrent Profit / Loss Position: -14 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT228\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2420\r\nStop at 1.2520\r\nLimit at 1.1860\r\n\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8480\r\nStop at 0.8600\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT231\r\nUSD/CHF\r\nLONG\r\nEntry at 0.9650\r\nStop at 0.9580\r\nLimit at 0.9980\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1320\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> The following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago. </strong></span>\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit at 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#136 - THE DAILY FX POST, Wednesday 3rd December 2014.','','publish','open','closed','','136-daily-fx-post-wednesday-3rd-december-2014','','','2014-12-03 08:02:16','2014-12-03 13:02:16','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4881',0,'member_posts','',0),(4882,1,'2014-12-03 08:00:59','2014-12-03 13:00:59','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></h2>\r\n<h3><strong>DATE: Wednesday 3<sup>rd</sup> December 2014\r\nREF: #136</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nLate yesterday I tweeted several tweets looking for some feedback on a couple of issues that have been raised. I want to keep things fresh, so I am looking for feedback.\r\n\r\nShould any of you have feedback / thoughts / comments on the two matters listed below please contact me.\r\n\r\nI have already received some great feedback from a few of you; however, if you have something to add please feel free to do so.\r\n\r\n<span style=\"text-decoration: underline;\">1: - COMMUNICATION OPTIONS:</span>\r\n\r\nI am looking at alternatives or additions to twitter to enable me to communicate TRADE SET-UPS / AMENDMENTS to you. I am very happy to look at other options that are available.\r\n\r\nEmail is an obvious alternative but there time delays, which, are out of my control.\r\n\r\nEmail does allow me to add additional information to a trade set up such as when I will add to a position size if that was my original intention etc. Plus if I thought it would help my thoughts behind the trade.\r\n\r\nI think that for RADAR and FUNDAMENTAL trades this offers greater opportunities for my thought process.\r\n\r\nOn the negative side, I can only email files/attachments if I have my MacBook Air with me. If I am traveling or trading from bed this cannot be a guarantee.\r\n\r\nI have an example of what I am thinking about to email below. Please feel free to add comments.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png\"><img class=\"aligncenter size-full wp-image-4879\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png\" alt=\"PREMIUM SERVICE EMAIL ALERT 1.0\" width=\"316\" height=\"556\" /></a>\r\n\r\n&nbsp;\r\n\r\nAdditionally, on the negative side, for FLASH TRADES the email format has timing problems; by the time I have the administration complete the trade could be over!!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2: - TWITTER ALERTS:</span>\r\n\r\nI have my twitter account set up so that alerts from certain people pop up in the centre of my iPAD.\r\n\r\nDoes anyone know of being able to do this with a sound alert to advise a subscriber of a tweet, I cannot see anything?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">HEADS UP LOOKING FORWARD:</span>\r\n\r\nWith regards to trading, after this week, if history repeats itself the market starts to slow and all the media talks about is the Santa Claus rally. This weekend is the final WEEKLY FX DRIVE THRU until 2015. During the GAP, I will be updating the PREMIUM SERVICE website were required plus advertising and researching as a result, very little trading.\r\n\r\nI will be on twitter etc. through to the 12<sup>th</sup> of December.\r\n\r\n2015 starts for me January 10<sup>th</sup>.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">INITIAL THOUGHTS ON FOREX:</span>\r\n\r\nIt’s all about the EUR/USD. It broke thru 1.2350 and took an extended stop-loss run down to 1.2321.\r\n\r\nThe AUD GDP last night took the AUD/USD down to a major Fibonacci level of 0.8390. On the first attempt we bounced and if you were matching my trades the limit order with the EUR/AUD was triggered on the news and tried to take 1.4750, which coincided with the AUD/USD level of 0.8390. I placed a protective stop on the EUR/AUD at 1.4740, which was taken as the AUD/USD bounced and subsequently the EUR/AUD on the back of has pulled back over 100 pips. Nice quick +40 pips trade.\r\n\r\nThere is a lot of news over the next 48 hours. U.S. equities are basically flat, as is the HOLY TRININTY of OIL, GOLD and COPPER. We are awaiting the ADP data. I am interested in the CAD BOC statement and this may result in some CAD FLASH TRADES.\r\n\r\nI have amended the limit orders that were placed yesterday, and, being frank, I am hesitant to play anymore with these other than cancel some of them during the day given the news events on the horizon to minimalise potential risk.\r\n\r\nMy peer group webinar was very disjointed yesterday with interruptions, so we are going to try again today with rules in place.\r\n\r\nI will be on twitter, after the webinar.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - ADP Non-Farm Employment Change.\r\nCAD: - BOC Rate Statement and Poloz Speaks.\r\n\r\nAUD: - Retail Sales and Trade Balance.\r\n\r\nGBP: - Bank Rate and MPC Rate Statement.\r\nEUR: - Interest Rate and ECB Press Conference.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR trades at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2029\r\nCurrent Profit / Loss Position -11 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN74\r\nEUR/CAD\r\nLONG\r\nEntry at 1.4050\r\nStop at 1.3850\r\nLimit at 1.4500\r\nPrice now: 1.4036\r\nCurrent Profit / Loss Position: -14 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT228\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2420\r\nStop at 1.2520\r\nLimit at 1.1860\r\n\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8480\r\nStop at 0.8600\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT231\r\nUSD/CHF\r\nLONG\r\nEntry at 0.9650\r\nStop at 0.9580\r\nLimit at 0.9980\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1320\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> The following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago. </strong></span>\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit at 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#136 - THE DAILY FX POST, Wednesday 3rd December 2014.','','inherit','open','closed','','4881-revision-v1','','','2014-12-03 08:00:59','2014-12-03 13:00:59','',4881,'https://weeklyfxdrivethru.com/4881-revision-v1/',0,'revision','',0),(4883,1,'2014-12-03 08:02:03','2014-12-03 13:02:03','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></h2>\r\n&nbsp;\r\n<h3><strong>DATE: Wednesday 3<sup>rd</sup> December 2014\r\nREF: #136</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nLate yesterday I tweeted several tweets looking for some feedback on a couple of issues that have been raised. I want to keep things fresh, so I am looking for feedback.\r\n\r\nShould any of you have feedback / thoughts / comments on the two matters listed below please contact me.\r\n\r\nI have already received some great feedback from a few of you; however, if you have something to add please feel free to do so.\r\n\r\n<span style=\"text-decoration: underline;\">1: - COMMUNICATION OPTIONS:</span>\r\n\r\nI am looking at alternatives or additions to twitter to enable me to communicate TRADE SET-UPS / AMENDMENTS to you. I am very happy to look at other options that are available.\r\n\r\nEmail is an obvious alternative but there time delays, which, are out of my control.\r\n\r\nEmail does allow me to add additional information to a trade set up such as when I will add to a position size if that was my original intention etc. Plus if I thought it would help my thoughts behind the trade.\r\n\r\nI think that for RADAR and FUNDAMENTAL trades this offers greater opportunities for my thought process.\r\n\r\nOn the negative side, I can only email files/attachments if I have my MacBook Air with me. If I am traveling or trading from bed this cannot be a guarantee.\r\n\r\nI have an example of what I am thinking about to email below. Please feel free to add comments.\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png\"><img class=\"aligncenter size-full wp-image-4879\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png\" alt=\"PREMIUM SERVICE EMAIL ALERT 1.0\" width=\"316\" height=\"556\" /></a>\r\n\r\n&nbsp;\r\n\r\nAdditionally, on the negative side, for FLASH TRADES the email format has timing problems; by the time I have the administration complete the trade could be over!!\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2: - TWITTER ALERTS:</span>\r\n\r\nI have my twitter account set up so that alerts from certain people pop up in the centre of my iPAD.\r\n\r\nDoes anyone know of being able to do this with a sound alert to advise a subscriber of a tweet, I cannot see anything?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">HEADS UP LOOKING FORWARD:</span>\r\n\r\nWith regards to trading, after this week, if history repeats itself the market starts to slow and all the media talks about is the Santa Claus rally. This weekend is the final WEEKLY FX DRIVE THRU until 2015. During the GAP, I will be updating the PREMIUM SERVICE website as required plus advertising and researching as a result, very little trading.\r\n\r\nI will be on twitter etc. through to the 12<sup>th</sup> of December.\r\n\r\n2015 starts for me January 10<sup>th</sup>.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">INITIAL THOUGHTS ON FOREX:</span>\r\n\r\nIt’s all about the EUR/USD. It broke thru 1.2350 and took an extended stop-loss run down to 1.2321.\r\n\r\nThe AUD GDP last night took the AUD/USD down to a major Fibonacci level of 0.8390. On the first attempt we bounced and if you were matching my trades the limit order with the EUR/AUD was triggered on the news and tried to take 1.4750, which coincided with the AUD/USD level of 0.8390. I placed a protective stop on the EUR/AUD at 1.4740, which was taken as the AUD/USD bounced and subsequently the EUR/AUD on the back of has pulled back over 100 pips. Nice quick +40 pips trade.\r\n\r\nThere is a lot of news over the next 48 hours. U.S. equities are basically flat, as is the HOLY TRINITY of OIL, GOLD and COPPER. We are awaiting the ADP data. I am interested in the CAD BOC statement and this may result in some CAD FLASH TRADES.\r\n\r\nI have amended the limit orders that were placed yesterday, and, being frank, I am hesitant to play anymore with these other than cancel some of them during the day given the news events on the horizon to minimalise potential risk.\r\n\r\nMy peer group webinar was very disjointed yesterday with interruptions, so we are going to try again today with rules in place.\r\n\r\nI will be on twitter, after the webinar.\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - ADP Non-Farm Employment Change.\r\nCAD: - BOC Rate Statement and Poloz Speaks.\r\n\r\nAUD: - Retail Sales and Trade Balance.\r\n\r\nGBP: - Bank Rate and MPC Rate Statement.\r\nEUR: - Interest Rate and ECB Press Conference.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR trades at the moment.\r\n\r\n&nbsp;\r\n\r\n<strong>FLASH TRADES:</strong><strong> </strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2029\r\nCurrent Profit / Loss Position -11 pips\r\n\r\n&nbsp;\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN74\r\nEUR/CAD\r\nLONG\r\nEntry at 1.4050\r\nStop at 1.3850\r\nLimit at 1.4500\r\nPrice now: 1.4036\r\nCurrent Profit / Loss Position: -14 pips\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT228\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2420\r\nStop at 1.2520\r\nLimit at 1.1860\r\n\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8480\r\nStop at 0.8600\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT231\r\nUSD/CHF\r\nLONG\r\nEntry at 0.9650\r\nStop at 0.9580\r\nLimit at 0.9980\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1320\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\n<span style=\"text-decoration: underline;\"><strong>PLEASE NOTE:</strong></span>\r\n<span style=\"text-decoration: underline;\"><strong> The following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago. </strong></span>\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit at 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#136 - THE DAILY FX POST, Wednesday 3rd December 2014.','','inherit','open','closed','','4881-revision-v1','','','2014-12-03 08:02:03','2014-12-03 13:02:03','',4881,'https://weeklyfxdrivethru.com/4881-revision-v1/',0,'revision','',0),(5125,1,'2015-01-15 12:36:01','2015-01-15 17:36:01','<p style=\"text-align: center;\">I had to release this today, given the 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.</p>\r\n\r\n<h3 style=\"text-align: center;\"><strong>\r\nYOUR 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 THE 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 call 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, this is pure and simple day to day stuff about how our brokers interact with us Forex Traders.\r\n\r\nThe data release was: -\r\n\r\nOut of the blue…\r\nIt certainly rocked the markets…\r\nThe SNB decides to front-run the ECB…\r\n\r\nLike many traders, since this news broke I have read that the market was something like 9 out of every 10 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\nI was personally, across three different brokers had limit orders to enter long on pullbacks with the USD/CHF and GBP/CHF.\r\n\r\nIn 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 place 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 a few 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\nThe 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.\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 of the news announcement. To say that it was a market moving data release would be an under-statement.\r\n\r\nI have been in contact with FXCM and they have 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?\r\n\r\nNo 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.\r\n\r\nThis is NOT intended as a <strong>FXCM</strong> bashing and if it comes across that way I apologise. But this is 2015 and a competitive market. On the face of it FXCM were at the airport waiting for about to dock.\r\n\r\nLets see what happens in the 5 days target <strong>FXCM</strong> 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 weeklyfxdrivethru.com 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\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.','','','inherit','open','closed','','5124-revision-v1','','','2015-01-15 12:36:01','2015-01-15 17:36:01','',5124,'https://weeklyfxdrivethru.com/5124-revision-v1/',0,'revision','',0),(5126,1,'2015-01-15 12:55:56','2015-01-15 17:55:56','<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. It is just what happened and it hopefully will resonate with you\r\n\r\n</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 THE 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 call 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, this is pure and simple day to day stuff about how our brokers interact with us Forex Traders.\r\n\r\nLike many traders, since this news broke I have read that the market was something like 59 out of every 60 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, I was using three different brokers and had limit orders to enter long on pullbacks with the USD/CHF and GBP/CHF.\r\n\r\nIn 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 place 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 a few 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\nThe 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 of the news announcement. To say that it was a market moving data release would be an under-statement.\r\n\r\nI 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.\r\n\r\nI have been in contact with FXCM and they have 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 weeklyfxdrivethru.com 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\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.','','','inherit','open','closed','','5124-revision-v1','','','2015-01-15 12:55:56','2015-01-15 17:55:56','',5124,'https://weeklyfxdrivethru.com/5124-revision-v1/',0,'revision','',0),(5127,1,'2015-01-15 13:35:06','2015-01-15 18:35:06','<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\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','','inherit','open','closed','','5124-revision-v1','','','2015-01-15 13:35:06','2015-01-15 18:35:06','',5124,'https://weeklyfxdrivethru.com/5124-revision-v1/',0,'revision','',0),(5128,1,'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','','inherit','open','closed','','5124-revision-v1','','','2015-01-15 13:36:28','2015-01-15 18:36:28','',5124,'https://weeklyfxdrivethru.com/5124-revision-v1/',0,'revision','',0),(4886,1,'2014-12-04 06:47:44','2014-12-04 11:47:44','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></h2>\r\n<h3><strong>DATE: Thursday 4th December 2014\r\nREF: #137</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nThe big day is here for Mario Draghi. The markets are expecting an awful lot from the ECB, both QE announcement with implementation dates on all aspects and scope details of the program.\r\n\r\nIn my view, given the history of “can kicking at the ECB”, not much chance of all of the above, but a definite 100% chance of some more jawboning from Draghi (he’s good at this, he’s had so much practice)\r\n\r\nFundamentally, not much has changed in the EUROZONE in the past month. Most of the economic data is still very bearish the EUR/USD in particular.\r\n\r\nNothing else matters today it’s all about the ECB.\r\n\r\nObviously 1.2295/1.2300 are key support levels. The break lower, should Draghi commit to QE with details should be swift and 1.2100 would be a target to look for. If he disappoints and there is a good chance that he could, will see nice squeeze to maybe as high as 1.2500, definitely 1.2400 anyways.\r\n\r\nI will be trading the ECB later via FLASH TRADES.....with small positions.\r\n\r\nWith regards to the feedback requested yesterday on trade communication options, the part-time traders have been heard loud and clear they want email alerts over twitter for RADAR and FUNDAMENTAL trades. I will add my initial position sizing to the alert. This will enable you guys to adjust to your equivalents based upon your RISK TOLERANCES and RISK MANAGEMENT data. The only exception to this will be traveling and any location issues I may have without my MacBook Air or access to my iMac.\r\n\r\nFLASH TRADES will remain on twitter, due to the fact that distribution is instant. Only once or twice this year has I encountered issues on speed of delivery via twitter.\r\n\r\nThe “Direct Messaging” option within Twitter does not allow for group distribution, nor can I attach charts like I can via the existing twitter alert or future email alerts.\r\n\r\nThese changes will start January 2015.\r\n\r\nI want to thank everyone who contributed for his or her feedback, it was much appreciated.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME</strong></h3>\r\n</li>\r\n</ol>\r\nGBP: - Bank Rate Announcement.\r\nECB: - ECB Rate Statement and Press Conference.\r\nCAD: - IVEY PMi.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR trades at the moment.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2031\r\nCurrent Profit / Loss Position -9 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN74\r\nEUR/CAD\r\nLONG\r\nEntry at 1.4050\r\nStop at 1.3850\r\nLimit at 1.4500\r\nPrice now: 1.3990\r\nCurrent Profit / Loss Position: -60 pips\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT228\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2420\r\nStop at 1.2520\r\nLimit at 1.1860\r\n\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8480\r\nStop at 0.8600\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT231\r\nUSD/CHF\r\nLONG\r\nEntry at 0.9650\r\nStop at 0.9580\r\nLimit at 0.9980\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1320\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\nPLEASE NOTE:\r\nThe following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago.\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit at 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#137 - THE DAILY FX POST, Thursday 4th December 2014','','publish','open','closed','','137-daily-fx-post-thursday-4th-december-2014','','','2014-12-04 06:47:44','2014-12-04 11:47:44','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4886',0,'member_posts','',0),(4887,1,'2014-12-04 06:47:44','2014-12-04 11:47:44','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></h2>\r\n<h3><strong>DATE: Thursday 4th December 2014\r\nREF: #137</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nThe big day is here for Mario Draghi. The markets are expecting an awful lot from the ECB, both QE announcement with implementation dates on all aspects and scope details of the program.\r\n\r\nIn my view, given the history of “can kicking at the ECB”, not much chance of all of the above, but a definite 100% chance of some more jawboning from Draghi (he’s good at this, he’s had so much practice)\r\n\r\nFundamentally, not much has changed in the EUROZONE in the past month. Most of the economic data is still very bearish the EUR/USD in particular.\r\n\r\nNothing else matters today it’s all about the ECB.\r\n\r\nObviously 1.2295/1.2300 are key support levels. The break lower, should Draghi commit to QE with details should be swift and 1.2100 would be a target to look for. If he disappoints and there is a good chance that he could, will see nice squeeze to maybe as high as 1.2500, definitely 1.2400 anyways.\r\n\r\nI will be trading the ECB later via FLASH TRADES.....with small positions.\r\n\r\nWith regards to the feedback requested yesterday on trade communication options, the part-time traders have been heard loud and clear they want email alerts over twitter for RADAR and FUNDAMENTAL trades. I will add my initial position sizing to the alert. This will enable you guys to adjust to your equivalents based upon your RISK TOLERANCES and RISK MANAGEMENT data. The only exception to this will be traveling and any location issues I may have without my MacBook Air or access to my iMac.\r\n\r\nFLASH TRADES will remain on twitter, due to the fact that distribution is instant. Only once or twice this year has I encountered issues on speed of delivery via twitter.\r\n\r\nThe “Direct Messaging” option within Twitter does not allow for group distribution, nor can I attach charts like I can via the existing twitter alert or future email alerts.\r\n\r\nThese changes will start January 2015.\r\n\r\nI want to thank everyone who contributed for his or her feedback, it was much appreciated.\r\n\r\n&nbsp;\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME</strong></h3>\r\n</li>\r\n</ol>\r\nGBP: - Bank Rate Announcement.\r\nECB: - ECB Rate Statement and Press Conference.\r\nCAD: - IVEY PMi.\r\n\r\n&nbsp;\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nThere are no LIVE RADAR trades at the moment.\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2031\r\nCurrent Profit / Loss Position -9 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nFUN74\r\nEUR/CAD\r\nLONG\r\nEntry at 1.4050\r\nStop at 1.3850\r\nLimit at 1.4500\r\nPrice now: 1.3990\r\nCurrent Profit / Loss Position: -60 pips\r\n\r\n&nbsp;\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT228\r\nEUR/USD\r\nSHORT\r\nEntry at 1.2420\r\nStop at 1.2520\r\nLimit at 1.1860\r\n\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8480\r\nStop at 0.8600\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT231\r\nUSD/CHF\r\nLONG\r\nEntry at 0.9650\r\nStop at 0.9580\r\nLimit at 0.9980\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1320\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\nPLEASE NOTE:\r\nThe following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago.\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit at 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#137 - THE DAILY FX POST, Thursday 4th December 2014','','inherit','open','closed','','4886-revision-v1','','','2014-12-04 06:47:44','2014-12-04 11:47:44','',4886,'https://weeklyfxdrivethru.com/4886-revision-v1/',0,'revision','',0),(4888,1,'2014-12-04 09:23:55','2014-12-04 14:23:55','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\"><a title=\"Premium Blog Posts\" href=\"../member_posts/\">Premium Service Blog Posts</a><a title=\"Webinars\" href=\"./dates-upcoming-webinars/\">Dates of upcoming webinars</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2014-12-04 09:23:55','2014-12-04 14:23:55','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(4889,1,'2014-12-04 09:26:31','2014-12-04 14:26:31','<h1>THE PREMIUM SERVICE</h1>\r\n<section class=\"members\"><a title=\"Premium Blog Posts\" href=\"../member_posts/\">Premium Service Blog Posts - weekly fx drive thru and daily fx posts</a><a title=\"Webinars\" href=\"./dates-upcoming-webinars/\">Dates of upcoming webinars</a><a title=\"Blog Dates\" href=\"./blog-dates/\">Blog Dates</a></section>','Welcome','','inherit','open','closed','','2154-revision-v1','','','2014-12-04 09:26:31','2014-12-04 14:26:31','',2154,'https://weeklyfxdrivethru.com/2154-revision-v1/',0,'revision','',0),(4891,1,'2014-12-05 07:30:03','2014-12-05 12:30:03','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE\r\n\r\n</strong></h2>\r\n<h3><strong>DATE: Friday 5th December 2014\r\nREF: #138</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nWTF. That was my only reaction to yesterday. Draghi jawbones, then 3 hours later after a EUR sell-off we get a press release telling us QE plans are drawn for January 2015 and the EUR does a spectacular dump across all EUR related pairs. How can this be viewed?\r\n\r\nAnyway it was what it was! Thankfully, at that stage I was able to make bonus pips from a USD/CHF that picked up on a limit order almost to the pip. I took +60 pips from that trade, several of you took 30 or 40 pips and a few of you are still in the trade now positive +80 pips. Well done to those still LIVE, but I would severely protect $$$, if not close and take all $$$ ahead of NFP.\r\n\r\nWhen it was all said and done yesterday was a +150 pip day….nice.\r\n\r\nOvernight, we also had another perfect limit order set up the EUR/GBP short (RT233), almost to the pip at 0.7920 the short trade triggered it now sits nicely in profit as the EUR/USD has moved back in the trend. This was e text book trade join the sense that we two re-tests of the entry level.\r\n\r\nRight now we have a rock ‘n roll USD/JPY busting out through 120.00, all the JPY are along for the ride. We will need a really poor NFP number later to stop this move.\r\n\r\nIt looks like the USD bulls are back as the market is expecting a great print in jobs.\r\n\r\nAs usual with NFP, watch for the knee-jerk reaction and try to play it cool and wait at least 10-15 minutes before doing your thing. I will be trading, I think, and, this will be via FLASH TRADE set-ups. I have a few set-ups in mind and these will come via twitter.\r\n\r\nFinally, there will be DAILY FX POSTS through next week, however, tomorrow, maybe Sunday this weekend, will be the final WEEKLY FX DRIVE THRU of 2014. The DRIVE THRU will not re-appear after this weekend until 10<sup>th</sup> January 2015.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - Non-Farm Employment Change, Unemployment Rate &amp; Trade Balance.\r\nCAD: - Employment Change, Unemployment Rate &amp; Trade Balance.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT233\r\nEUR/GBP\r\nSHORT\r\nShort from 0.7920\r\nStop at 0.7920 - <span style=\"text-decoration: underline;\"><strong>(PLEASE NOTE THE STOP IS NOW AT BREAK EVEN for NFP)</strong></span>\r\nLimit at 0.7800\r\nPrice Now 0.7873\r\nCurrent Profit / Loss Position +47 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2019\r\nCurrent Profit / Loss Position -21 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL TRADES at this point in time.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8440\r\nStop at 0.8550\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1340\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\nPLEASE NOTE:\r\nThe following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago.\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit a\r\nt 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\r\n\r\nFinally, good luck today and take care. Try to trade with smaller positions first until your trades get established by say 30 pips or so.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#138 - THE DAILY FX POST, Friday 5th December 2014','','inherit','open','closed','','4890-revision-v1','','','2014-12-05 07:30:03','2014-12-05 12:30:03','',4890,'https://weeklyfxdrivethru.com/4890-revision-v1/',0,'revision','',0),(4892,1,'2014-12-05 07:30:20','2014-12-05 12:30:20','<h2 style=\"text-align: center;\"><strong>THE DAILY FX POST\r\nfrom\r\nTHE PREMIUM SERVICE</strong></h2>\r\n&nbsp;\r\n<h3><strong>DATE: Friday 5th December 2014\r\nREF: #138</strong></h3>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\nWTF. That was my only reaction to yesterday. Draghi jawbones, then 3 hours later after a EUR sell-off we get a press release telling us QE plans are drawn for January 2015 and the EUR does a spectacular dump across all EUR related pairs. How can this be viewed?\r\n\r\nAnyway it was what it was! Thankfully, at that stage I was able to make bonus pips from a USD/CHF that picked up on a limit order almost to the pip. I took +60 pips from that trade, several of you took 30 or 40 pips and a few of you are still in the trade now positive +80 pips. Well done to those still LIVE, but I would severely protect $$$, if not close and take all $$$ ahead of NFP.\r\n\r\nWhen it was all said and done yesterday was a +150 pip day….nice.\r\n\r\nOvernight, we also had another perfect limit order set up the EUR/GBP short (RT233), almost to the pip at 0.7920 the short trade triggered it now sits nicely in profit as the EUR/USD has moved back in the trend. This was e text book trade join the sense that we two re-tests of the entry level.\r\n\r\nRight now we have a rock ‘n roll USD/JPY busting out through 120.00, all the JPY are along for the ride. We will need a really poor NFP number later to stop this move.\r\n\r\nIt looks like the USD bulls are back as the market is expecting a great print in jobs.\r\n\r\nAs usual with NFP, watch for the knee-jerk reaction and try to play it cool and wait at least 10-15 minutes before doing your thing. I will be trading, I think, and, this will be via FLASH TRADE set-ups. I have a few set-ups in mind and these will come via twitter.\r\n\r\nFinally, there will be DAILY FX POSTS through next week, however, tomorrow, maybe Sunday this weekend, will be the final WEEKLY FX DRIVE THRU of 2014. The DRIVE THRU will not re-appear after this weekend until 10<sup>th</sup> January 2015.\r\n\r\n<strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>\r\n</li>\r\n</ol>\r\nUSD: - Non-Farm Employment Change, Unemployment Rate &amp; Trade Balance.\r\nCAD: - Employment Change, Unemployment Rate &amp; Trade Balance.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> EXISTING LIVE TRADES:</strong></h3>\r\n</li>\r\n</ol>\r\n<strong>RADAR TRADES:</strong>\r\n\r\nRT233\r\nEUR/GBP\r\nSHORT\r\nShort from 0.7920\r\nStop at 0.7920 - <span style=\"text-decoration: underline;\"><strong>(PLEASE NOTE THE STOP IS NOW AT BREAK EVEN for NFP)</strong></span>\r\nLimit at 0.7800\r\nPrice Now 0.7873\r\nCurrent Profit / Loss Position +47 pips\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong at 1.2040\r\nStop at 1.1920\r\nLimit at 1.2500\r\nPrice now 1.2019\r\nCurrent Profit / Loss Position -21 pips\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nThere are no LIVE FUNDAMENTAL TRADES at this point in time.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>\r\n</li>\r\n</ol>\r\nRT229\r\nAUD/USD\r\nSHORT\r\nEntry at 0.8440\r\nStop at 0.8550\r\nLimit at 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nSHORT\r\nEntry at 0.7830\r\nStop at 0.7920\r\nLimit at 0.7000\r\n\r\nRT232\r\nUSD/CAD\r\nLONG\r\nEntry at 1.1340\r\nStop at 1.1250\r\nLimit at 1.1470\r\n\r\nPLEASE NOTE:\r\nThe following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago.\r\n\r\nFUN77\r\nGBP/AUD\r\nLONG\r\nEntry at 1.8390\r\nStop at 1.8000\r\nLimit at 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLONG\r\nEntry at 1.5800\r\nStop at 1.5600\r\nLimit a\r\nt 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLONG\r\nEntry at 2.0000\r\nStop at 1.9650\r\nLimit at 2.0500\r\n\r\nFinally, good luck today and take care. Try to trade with smaller positions first until your trades get established by say 30 pips or so.\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: premiumservice@weeklyfxdrivethru.com\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','#138 - THE DAILY FX POST, Friday 5th December 2014','','inherit','open','closed','','4890-revision-v1','','','2014-12-05 07:30:20','2014-12-05 12:30:20','',4890,'https://weeklyfxdrivethru.com/4890-revision-v1/',0,'revision','',0),(4904,1,'2014-12-06 12:04:05','2014-12-06 17:04:05','<h2 style=\"text-align: center;\"><strong>#41 – THE PREMIUM SERVICE\r\n</strong><strong>(EXTENDED VERSION)</strong></h2>\r\n<h2 style=\"text-align: center;\"><strong> THE WEEKLY FX DRIVE THRU\r\n</strong><strong>06.12.2014</strong></h2>\r\n&nbsp;\r\n<ol>\r\n	<li>\r\n<h3><strong> INTRODUCTION:</strong></h3>\r\n</li>\r\n</ol>\r\nThis year has really flown by, and, this is the final WEEKLY FX DRIVE THRU blog for 2014. The next one is due on January 10<sup>th</sup> 2015.\r\n\r\nWhilst I may take a break from trading, I will be busy over the next few weeks finalizing my MARKETING PLAN for 2015 and also making a few changes to the website plus attempting to improve the communication of PREMIUM SERVICE set-ups to subscribers (more of that later).\r\n\r\nWhat a pantomime circus event the ECB is. Just unbelievable, inept, crazy, stupid…need I go on. Run by f*****g idiots, and we try to make a living from these unprofessional numpties (more of this later).\r\n\r\nNon-Farm payrolls provoked the usual response; a great number saw a terrific period, albeit short-lived of USD strength, followed by weakness than then a reversal to support the good data and finally a reversal on the 10.00AM EDT data release.\r\n\r\nI now have my NFP trading pattern in play, trade the spike after the initial news, take whatever you can and then remain sidelined until just about the European close. If there is nothing, do nothing. I took however, a series of USD long trades around lunchtime yesterday. They were all very small position sizes looking to see if they continue their move through the Asian and European sessions. I am NOT risking very much at all and I do want to have some skin in the market.\r\n\r\nI think from next week onwards the markets will start to thin out as traders prepare for Christmas parties and the like. I will be tweeting and making noises next week, I am just not so sure how many will be trades. For me December is really a preparation month for the following year. In real terms FOREX TRADING is a 9.5 – 10 month a year trading cycle.\r\n\r\nLooking ahead the commodities and commodity currencies are starting to struggle. OIL is diving lower and GOLD cannot sustain itself above $1200.00, COPPER is also weak.\r\n\r\nThe commodity currencies: AUD/USD, USD/CAD, NZD/USD and USD/NOK are all under pressure as a result of commodity failings plus the strong USD pushing higher. If anything were to get me back in the markets earlier than I anticipate it will be the commodity currencies.\r\n\r\nWe need to keep an eye on this area, in my opinion.\r\n\r\n<strong> </strong><strong> </strong>\r\n<ol start=\"2\">\r\n	<li>\r\n<h3><strong> THE PREMIUM SERVICE:\r\n</strong></h3>\r\n</li>\r\n</ol>\r\n<p style=\"text-align: center;\"><strong>OVERVIEW, TRADING ACTIVITY, NEWS UPDATES,\r\nPLUS\r\n</strong><strong>MONTHLY AND YEAR TO DATE\r\n</strong><strong>TRADING SUMMARIES:</strong></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<span style=\"text-decoration: underline;\">2.2 TRADING ACTIVITY:</span>\r\n\r\nIt was quiet week for me trading. I was on hold really, waiting for both the ECB and NFP news. The market was very range bound and as such moves were restrictive, so I felt that I did not miss out on too much. I am still not pressing the trigger to trade the JPY so any JPY trades I am ignoring.\r\n\r\nI closed on 12 trades this week, with my biggest losing percentage in a long time. 8 trades were profitable (66%) and 4 trades made a loss (33%).\r\n\r\nFrom 2015, the way that TRADE SET-UPS are communicated to subscribers will after some debate alter.\r\n\r\nRADAR and FUNDAMENTAL trades will be advised by Twitter and also by email. An example of the new email advice is below: -\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/EMAIL-ALERT-TRADE-SET-UP-06122014.png\"><img class=\"aligncenter size-full wp-image-4903\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/EMAIL-ALERT-TRADE-SET-UP-06122014.png\" alt=\"EMAIL ALERT TRADE SET-UP 06122014\" width=\"331\" height=\"598\" /></a>\r\n\r\n&nbsp;\r\n\r\nAs you can see this form allows me to include far more data than the 140 characters allowed on Twitter. My thoughts on where I propose to add to the trade (if any), plus my initial position size and comments on the trade can be provided.\r\n\r\nThe only times that I will not be able to do this is if I am trading from a remote location without my MacBook Air or iMac computers.\r\n\r\nFLASH trades will still be notified via twitter only.\r\n\r\nAll trades types FLASH, RADAR and FUNDAMENTAL are reviewed daily in the DAILY FX POST and weekly in the WEEKLY FX DRIVE THRU blogs for subscribers.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.3 THE PART-TIME TRADER AND THE PREMIUM SERVICE:</span>\r\n\r\nIn recent times, the numbers of part-time traders who have subscribed to the PREMIUM SERVICE have been on the increase.\r\n\r\nNo matter what type of trader you are, or style you use, experienced or new to Forex trading I want the PREMIUM SERVICE to be able to offer you something.\r\n\r\nI have been asked, if I were the PART-TIME FOREX TRADER subscribing to the PREMIUM SERVICE how would I want it to work for me.\r\n\r\nAs a PART-TIME trader you may only have opportunities to check your open positions maybe three times a day: -\r\n<ol>\r\n	<li>First thing in the morning (7.00-8.30AM EDT).</li>\r\n	<li>Lunch time (12.00-1.00PM EDT).</li>\r\n	<li>Evening time (7.00-8.30PM EDT).</li>\r\n</ol>\r\nIn addition, I have subscribers from all around the world. These times would therefore have to be localized as best as possible.\r\n\r\nI have three types of trades; FLASH, RADAR and FUNDAMENTAL. Roughly speaking, FLASH TRADES account for 50% of the trades undertaken. RADAR and FUNDAMENTAL trades make up the other 50% combined, one must also note that many of these trades are cancelled because the market moves away too far from my limit order entry levels.\r\n\r\nIf I were a PART-TIME trader I would ignore FLASH TRADES; and quite frankly only look at trades that have limit orders as entries, because I would not be sitting with my broker account open all day waiting for tweets. However, should a FLASH TRADE present itself when I am looking at twitter or receiving a blog I would take it.\r\n\r\nIf an expectation is taken away, at least now you are dealing with reality and you trade accordingly. To generate a PART-TIME income from trading Forex is NOT impossible it just takes a disciplined approach.\r\n\r\nIf you require assistance from me on what size of broker account would fit what type of lot size you could trade, be it MICRO, MINI or STANDARD lots, do not hesitate to contact me. To give you a rough idea: -\r\n\r\nMICRO LOT TRADING = minimum $1,000.00 to $5,000.00.\r\n\r\nMINI LOT TRADING = minimum $5,000.00 to $20,000.00.\r\n\r\nSTANDARD LOT TRADING = minimum $20,000.00 onwards.\r\n\r\nInside the PREMIUM SERVICE under the EDUCATION tab you are able to review how to position size, design a TRADING PLAN and learn about RISK TOLERANCE and RISK MANAGEMENT.\r\n\r\nFrom all this realistic trading $$$ goals can be set.\r\n\r\nFeel free to contact me with any issues / thoughts that you have on this subject, I will do my utmost to help you.\r\n\r\n<span style=\"text-decoration: underline;\">2.4 PREMIUM SERVICE PERFORMANCE UP TO 30<sup>th</sup> NOVEMBER 2014 AND SOME POINTS TO CONSIDER:</span>\r\n\r\nWhilst I cannot guarantee future income to you or even myself through the performance of the PREMIUM SERVICE, I have a vested interest in ensuring an optimum performance.\r\n\r\nMy website: <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> contains more data about what the PREMIUM SERVICE is, how it works and what you as a subscriber should expect to receive. Just visit my welcome page, at the top of the page there are drop down menus that will provide more detailed information.\r\n\r\nIn this section of the blog, I just wanted to highlight some key points to consider.\r\n<ol>\r\n	<li>November 30<sup>th</sup> 2014 year to date, for those subscribers who joined on day one, who traded MICRO lots they would have traded 482 trades at a cost of $48.20 and earned from those trades $1,079.70 (Thisexampleis based on single lot trades).If you had traded 3 x MICRO lot trades at a time your cost to trade would have been $144.60 ($48.20 x 3) and from those trades you would have earned $3,239.10 ($1,079.70 x 3).I would recommend an account with a minimum of $1,000.00 to $5,000.00 balance to trade MICRO lots.</li>\r\n	<li>November 30<sup>th</sup> 2014 year to date, for those subscribers who joined on day one, who traded MINI lots they would have traded 482 trades at a cost of $482.00 and earned from those trades $10,797.00 (Thisexampleis based on single lot trades).If you had traded 3 x MINI lot trades at a time your cost to trade would have been $1,446.00 ($482.00 x 3) and from those trades you would have earned $32,391.00 ($10,797.00 x 3).I would recommend an account with a minimum of $5,000.00 to $20,000.00 balance to trade MINI lots.</li>\r\n	<li>November 30<sup>th</sup> 2014 year to date, for those subscribers who joined on day one, who traded STANDARD lots they would have traded 482 trades at a cost of $4,820.00 and earned from those trades $107.970.00 (Thisexampleis based on single lot trades).If you had traded 3 x STANDARD lot trades at a time your cost to trade would have been $14,660.00 ($4,820.00 x 3) and from those trades you would have earned $323,910.00 ($107,970.00 x 3).I would recommend an account with a minimum of $20,000.00 to trade STANDARD lots.</li>\r\n</ol>\r\nAll of the above numbers, plus much more additional information is viewable on my website <a href=\"http://www.weeklyfxdrivethru\">www.weeklyfxdrivethru</a> at the top of welcome page with the PREMIUM SERVICE drop down menu.\r\n\r\n<strong> The Cost of annual membership of the PREMIUM SERVICE is $400.00 until 31<sup>st</sup> December 2014. Next year subscription rates will be increased from January 2015.</strong>\r\n\r\nIt’s all about the size of your broker account and applying RISK MANAGEMENT and a TRADING DISCIPLINE to your trading.\r\n\r\nThe PREMIUM SERVICE has a growing library of tools in the EDUCATION section to help.\r\n\r\nMy goal is to search the markets and look at currency charts to identify high probability chart patterns that show me a trade opportunity. I then simply suggest the trade. It is up to you if you take the trade and what size position you place. I can help you 100% with your RISK MANANGEMEMNT and RISK TOLERANCES. All you have to do is ask and I will help. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\nWhy not subscribe now and be ready for 2015 and <strong>beat the price rise</strong>?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.5 FX BROKERS (MARKETING / TRADING BONUSES):</span>\r\n\r\nUp until the end of 2014 one of my preferred brokers BLACKWELL GLOBAL, is offering a marketing bonus, which you can receive through my relationship agreement with them. The marketing bonus will be credited to your trading account once it is open. Even if you already have a broker account, this is something to consider should you want to open up a separate broker account to track the PREMIUM SERVICE performance separately from your own FX performance.\r\n\r\nThe MARKETING BONUS is 30% of your opening balance for all accounts opened with $1,000.00 or more subject to a maximum of a $3,000.00 bonus.\r\n\r\nTo qualify, you must use the BLACKWELL GLOBAL banner on my welcome page at www.weeklyfxdrivethru.com\r\n\r\nThe process is simple and straightforward. You will require two pieces of identification, one with a photo and one recent utility bill.\r\n\r\nWhy not look into this some more, subscribe to the PREMIUM SERVICE and open your new Forex Broker Account with a MARKETING BONUS and be ready now for 2015?\r\n\r\nIf you decide to open a broker account with BLACKWELL GLOBAL – please email me so that I am aware your application is in the pipeline and can monitor it to ensure it is set up correctly. (Email me at: scott@weeklyfxdrivethru.com)\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.6 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<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PROFITS-1-06122014.png\"><img class=\"aligncenter size-full wp-image-4893\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PROFITS-1-06122014.png\" alt=\"PREM SERV PROFITS 1 06122014\" width=\"454\" height=\"426\" /></a>\r\n\r\n&nbsp;\r\n\r\n<a href=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PROFITS-2-06122014.png\"><img class=\"aligncenter size-full wp-image-4894\" src=\"https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREM-SERV-PROFITS-2-06122014.png\" alt=\"PREM SERV PROFITS 2 06122014\" width=\"461\" height=\"438\" /></a>\r\n\r\n<span style=\"text-decoration: underline;\">PLEASE NOTE:</span>\r\n\r\nThe above examples in sections 2.2 and 2.3 are for illustration purposes only. The profitability examples detailed above are based solely upon single lot trading, regardless of lot type. If multiple lot sizes are traded the profitability margins will be different than those shown.\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. I like to add to trades, profits are taken as the trade progresses and my overall cost average moves several times. All of my trades are of different lot styles. I trade a mixture of micro lots, mini lots and standard lots across my brokers.\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\nYou must always remember to follow properly executed RISK MANAGEMENT and POSITION SIZING disciplines with all your trades and remember that Forex trading with a high degree of leverage can significantly increase your profits and losses. You should trade with a TRADE PLAN and NOT risk monies that you cannot afford to lose.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2.7 FIVE OF THE WORST EXCUSES TO NOT START FOREX TRADING:</span>\r\n\r\n“Ninety-nine percent of failures come from people who have the habit of making excuses.”\r\n<ul>\r\n	<li>Renowned American Inventor George Carver</li>\r\n</ul>\r\nWith the New Year approaching, it is a time where we take stock of things and plan to make changes for the next year. If you have just heard of Forex trading recently, and are seriously considering becoming a Forex Trader next year, here are 5 excuses that you shouldn\'t be making.\r\n\r\n<span style=\"text-decoration: underline;\">1: I HAVE NO TIME</span>\r\n\r\nA common misconception when it comes to Forex trading is that it requires you to spend every waking moment in front of the computer. While some traders prefer doing this, it is not the only way to trade. You can be a part-time trader and use this to supplement your income.\r\n\r\nSwing and position trading are two strategies that you can use. If you have a full time nine to five job for instance, you can analyze the markets and trade Forex after dinner. For example, you might get home at 6pm, take an hour or two for dinner, then analyze the markets on longer term time frames (4 hour, daily, weekly, monthly) charts from 8pm to 10pm, set limit orders, and then head to sleep.\r\n\r\nIt won’t be easy but it is doable.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">2: I DON’T HAVE ENOUGH MONEY: </span>\r\n\r\nI must admit that this is an understandable excuse. Understandable, but an excuse nonetheless, the great thing about retail Forex trading is that it’s so easy to create demo accounts. It won’t even take an hour or cost you a single cent.\r\n\r\nNow if you are not into opening a demo account, you can open a live account for as little as $500 with no minimum position size. You could trade 1 unit (MICRO LOT cost $0.10cents) if you wanted to. Just make sure that you only trade what you can afford to lose. Starting with a small investment won’t make you a millionaire any time soon, but it can get you started in Forex trading and feeling the psychological effects of trading real money.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">3: ITS WAY TOO RISKY:</span>\r\n\r\nForex trading, as with any endeavor, is truly risky without education and practice, but what many people fail or refuse to understand is that it is not riskier than just about any other investment.\r\n\r\nAs with any investment or business venture, there will always be risks involved. The key to profitability is in managing your risks by preparing for as many scenarios as you can and by controlling your emotions. If you are a total newbie to Forex trading, you can start by mastering the concept of risk management (i.e., properly setting stop losses and position sizing.\r\n\r\nRisk is present in everything we do; unforeseen events and accidents can happen at any time. Accept it and manage as you would all other endeavors in your life.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4: IT’S ALL A SCAM!</span>\r\n\r\nCurrency trading itself is NOT a scam, but some loose industry regulations do present opportunities for a lot of scammers. They have been tightened of late and it is vital that you ensure that you select a broker that is regulated. You can always pick from those on website (<a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>) via their banners on my welcome page these are reputable and my preferred brokers. I have an excellent relationship with them and I can help you get things moving, if required.\r\n\r\nOf course, it goes without saying that you should avoid buying systems, strategies, and products that <em>guarantee</em> pips and profits. (Clue: nothing is guaranteed in the market except uncertainty!)\r\n\r\nAs with any industry, scams in the Forex trading industry are usually no different from falsehoods in the other investment scenes. You just have to educate yourself and make smart decisions when it comes to investing your money.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5: ITS JUST TOO COMPLICATED:</span>\r\n\r\nOut of all the excuses I have ever heard, this one is probably the weakest of them all.\r\n\r\nThe PREMIUM SERVICE offers you a way to trade and learn at the same time. Subscribers are all from different backgrounds and different skill levels. There are new traders looking to add an additional revenue stream by trading part-time. There are also new traders entering full-time.\r\n\r\nThere are a lot of thought provoking questions in this article, if you want more information please feel free to email at drivethru@weeklyfxdrivethru.com\r\n\r\nI try through the PREMIUM SERVICE to make Forex trading less complicated and easy to follow.\r\n\r\nThere is a great deal of PREMIUM SERVICE information contained inside this blog and there is a lot more at my website <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\n&nbsp;\r\n\r\nWe would all like more money each month….check it out.\r\n\r\n<strong> </strong>\r\n<ol start=\"3\">\r\n	<li>\r\n<h3><strong> WHAT’S ON MY MIND:</strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE FUNDAMENTAL TRADERS OVERVIEW:\r\n</strong><strong>WHAT A F****D UP MARKET FOREX IS\r\n</strong><strong>PART TWO…\r\n</strong><strong>THE ECB STARTS OFF THE PANTOMIME SEASON EARLY</strong></h3>\r\n&nbsp;\r\n\r\nI wrote last week about how screwed up the Forex market is, of course that is just my opinion.\r\n\r\nLast week, Thursday to be precise, we had another ECB Press Conference. They are all labeled important, most important, crucial, the most important ever etc.… etc. This is primarily due to the fact that the ECB and the EUROZONE are run / governed by the most inept band of numpties you could ever wish to meet.\r\n\r\nYou could lock these officials in entirety into either the Heineken, Guinness, Budweiser whatever brewery on a Friday night as it closes and come back for them on a Monday morning to let them out. I swear to God they would all be stone cold sober. Collectively they haven’t got a bloody clue.\r\n\r\nI know that I am a EUROZONE basher and probably always will be. I have lived in Spain, Ireland and the UK and have more friends spread throughout Europe in Denmark, Norway, Sweden, Portugal, Holland and Italy. No-one, but no-one, has a good word to say at present. Is it any wonder all the extremist political parties that shouldn’t even receive any air time are now starting to pick up representation in not just their home countries but within the European Parliament as well.\r\n\r\nI am off the point…. sorry; back to last Thursday.\r\n\r\nPoor Mario Draghi, he talks a lot (he should start his own Chat Line company), but all he does really is talk. Talk is cheap, the markets are now losing respect, it’s time to either put up or go.\r\n\r\nAt the Press Conference he gave nothing….\r\n\r\nHe probably has pressure from the Bundesbank, Wiedmann the president of the Bundesbank, had been very jolly over the prior few days to the ECB announcement. He had probably won the day on the debate about Sovereign Bond buying between Merkel, Draghi and himself and as it’s basically the Germans who would be paying for this program, the dosh (€€€€) was on his side.\r\n\r\nAll Draghi could do was jawbone, the EUR was taken to the woodshed and spanked.\r\n\r\nThen three hours later, as most traders were now looking at 1.2500 for the EUR/USD instead of 1.2200, out comes a press statement via Bloomberg from unnamed ECB sources that paperwork for Quantitative Easing (QE) had been / was been drawn up to be ready for the January 2015 ECB meeting and subsequent Press Conference. A €1 Billion stimulus program out of thin air, even David Copperfield in Las Vegas couldn’t do that in three hours.\r\n\r\nWTF.\r\n\r\nTalk about a totally unprofessional shower.\r\n\r\nHere’s my take on events.\r\n\r\nThe ECB and governments within the EUROZONE probably crapped themselves when they witnesses the ferocity of the EUR/USD pullback, and hurriedly wanted to put the brakes on and issued what they hoped was a communiqué that would stop the move in its tracks.\r\n\r\nIt worked.\r\n\r\nThese people in the EUROZONE are fecking clueless.\r\n\r\nThey are on the brink of DEFLATION and as we all know, Central Banks know how to cope with and deal with INFLATION, but not one Central Bank knows how to deal with DEFLATION. If they did Japan wouldn’t be up the Swanee River without a paddle.\r\n\r\nI can guarantee you the answer to DEFLATION is not to bury your heads in the sand… nor is it kicking umpteen cans down the road which appears to be the ECB and German approach.\r\n\r\nA few weeks ago, to be precise it was October 4<sup>th</sup>, I wrote in my blog that the FED would save Draghi and the EUROZONE. To be 100% crystal clear with you, I stand by this statement.\r\n\r\nThe FED is on a divergent interest rate policy and will tighten next year 2015. There isn’t a damn calendar printed yet that shows a date when the EUROZONE can adopt a more HAWKISH stance. This why the behavior from the Germans and the ECB wind me up so much.\r\n\r\nHow do we trade this?\r\n\r\nFundamentally, nothing has changed. The EUROZONE economic data is still mostly bearish and the split between Northern and Southern (Mediterranean) based countries is still there.\r\n\r\nIt is still short EUR/USD for the foreseeable future. It will not be a straight line down towards parity, and I do not think we will get that far but 1.1500 looks interesting.\r\n\r\n<strong> </strong>\r\n<ol start=\"4\">\r\n	<li>\r\n<h3><strong> PREMIUM SERVICE EXCLUSIVE CONTENT:</strong></h3>\r\n</li>\r\n</ol>\r\n(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">4.1 TRADER TOPICS:</span>\r\n<h3 style=\"text-align: center;\"><strong>MY APPROACH ON POSITION SIZING:</strong></h3>\r\nOver the past week, I was asked a few questions about my trading thoughts and my position regarding the sizing of the trades that I place with the PREMIUM SERVICE. I promised that I would address this matter via this week’s blog so below I supply my general thoughts on how I approach position sizing.\r\n<ol>\r\n	<li>I have three types of trade: FLASH, RADAR and FUNDAMENTAL.</li>\r\n	<li>There are three sizes of lots available: MICRO, MINI and STANDARD.</li>\r\n	<li>There are a few types of currency pairs in my eyes:USD major – EUR/USD, GBP/USD, USD/JPY and USD/CHF.Major commodity pairs – AUD/USD, NZD/USD and USD/CAD.\r\n\r\nMinor commodity pairs – USD/NOK and USD/MXN\r\n\r\nCross-Rates – EUR/GBP, EUR/JPY, GBP/CHF, AUD/CHF, NZD/CHF and AUD/NZD.\r\n\r\nCommodity cross-rates – EUR/AUD, GBP/AUD, EUR/NZD, GBP/NZD, EUR/CAD and GBP/CAD.\r\n\r\nJPY pairs – AUD/JPY, CAD/JPY, CHF/JPY, GBP/JPY and NZD/JPY.\r\n\r\nOthers – USD/SEK, AUD/CAD, SEK/JPY, EUR/SEK, and EUR/NOK</li>\r\n</ol>\r\nObviously there are hundreds of currency pairs but those listed are the ones that interest me and form the basis of my Forex trading broker accounts.\r\n\r\nI approach each category listed above by RISK MANAGEMENT and RISK TOLERANCE. This is based upon the broker account used. Inside the EDUCATION tab of the PREMIUM SERVICE there are a couple of articles about why I trade with multiple brokers, these articles should also be read to get a wider understanding of my approach.\r\n\r\nRISK v POSITION SIZING – the maximum that I will risk is 3% of my broker account balance per trade. Many of you have already stated that you see this as too low. From my perspective it is the only way to give you longevity in trading. The Forex market takes no prisoners, if you are not boxing clever you will get wiped out eventually unless you trade with disciplines.\r\n\r\nThis is an overview, a macro level view, of my approach to position sizing.\r\n\r\n<span style=\"text-decoration: underline;\">FLASH TRADES:</span>\r\n\r\nUSD MAJORS &amp; MAJOR COMMODITY PAIRS – usually MINI or STANDARD LOT TRADES, but never close to the 3% limit to allow me flexibility to add or reduce the position size/exposure.\r\n\r\nFLASH TRADES would in 99% of cases not be done on other categories of currency pairs unless after a news breaking data release. These trades would be MICRO or MINI lot trades, up to 1%-2% of the broker account balance. These are small trades most of the time.\r\n\r\n<span style=\"text-decoration: underline;\">RADAR TRADES:</span>\r\n\r\nAll currency pairs are entertained and risks are limited. I will risk 3% on USD majors, JPY pairs, Major Commodity Pairs and between 1% and 2% on the rest. A mixture of MINI, MICRO and STANDARD lots are used. Do not be surprised when I tell you that for some of the more exotic pairs my trade size to get me started can be just 4/5 MICRO LOTS.\r\n\r\n<span style=\"text-decoration: underline;\">FUNDAMENTAL TRADES:</span>\r\n\r\nThese types of trades are usually reserved for the commodity crosses. I have had real identity issues with this category in 2014. These trades are all limited to just one of my brokers.\r\n\r\n<span style=\"text-decoration: underline;\">OTHER DATA:</span>\r\n\r\nAs a general rule: STANDARD LOTS are only used for USD related currency pairs plus the EUR/GBP and EUR/JPY.\r\n\r\nSo to recap, even though I have my 3% limit on a trade I DO NOT max out on a position / trade size every time.\r\n\r\nI will add to trades and reduce trade sizes before Fibonacci levels, pivot points or simple previously noted heavily used horizontal supports. With JPY pairs when I used to trade them quite frequently, round numbers would do either at 50 or 100 levels. For the exotic pairs I tend not to add or reduce sizing too much, most of my playing with sizing is due to risk.\r\n\r\nSTANDARD LOT trading attracts more risk than MICRO LOT trading, hence the reason I am always looking to add to or reduce my RISK EXPOSURE. Conversely, that\'s why I also tend to let MICRO lots either work or not work out.\r\n\r\nWhen entering a trade where I want to have - say a STANDARD LOT size, I may just start with 2-5 x MINI lots and add as the trade takes momentum in the direction that I want. This allows me to have an initial wider stop in place that I can tighten later as I add to the trade size.\r\n\r\nIt is not rocket science but it doest take practice. Knowing the maximum risk per trade per broker account is the first thing and from then on it’s plain sailing.\r\n\r\nLet me reiterate, its all about RISK MANAGEMENT. You can be speculative to a point, but at the end of the day longevity in trading emanates from being savvy and limiting RISK EXPOSURE along with chart analysis and identifying chart high probability patterns.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.2 THE PREMIUM SERVICE CURRENT LIVE TRADES:</span>\r\n\r\n&nbsp;\r\n\r\n<strong>RADAR TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE RADAR TRADES at this time.\r\n\r\n<strong> </strong>\r\n\r\n<strong>FLASH TRADES:</strong>\r\n\r\nFT230\r\nEUR/CHF\r\nLong\r\nCost Average at: 1.2040\r\nStop at: 1.1930\r\nLimit at: 1.2500\r\nClosing Price: 1.2021\r\nCurrent Profit / Loss Position: -19 pips\r\n\r\nFT251\r\nEUR/USD\r\nShort\r\nCost Average at: 1.2291\r\nStop at: 1.2420\r\nLimit at: 1.1860\r\nClosing Price: 1.2284\r\nCurrent Profit / Loss Position: +7 pips\r\n\r\nFT252\r\nGBP/USD\r\nShort\r\nCost Average at: 1.5591\r\nStop at: 1.5720\r\nLimit at: 1.5450\r\nClosing Price: 1.5582\r\nCurrent Profit / Loss Position: +9 pips<strong> </strong>\r\n\r\nFT253\r\nAUD/USD\r\nShort\r\nCost Average at: 0.8318\r\nStop at: 0.8380\r\nLimit at: 0.8000\r\nClosing Price: 0.8316\r\nCurrent Profit / Loss Position: +2 pips\r\n\r\nFT254\r\nNZD/USD\r\nShort\r\nCost Average at: 0.7709\r\nStop at: 0.7800\r\nLimit at: 0.7250\r\nClosing Price: 0.7703\r\nCurrent Profit / Loss Position: +6 pips<strong> </strong>\r\n\r\nFT255\r\nUSD/CHF\r\nLong\r\nCost Average at: 0.9776\r\nStop at: 0.9680\r\nLimit at: 1.0000\r\nClosing Price: 0.9779\r\nCurrent Profit / Loss Position: +3 pips<strong> </strong>\r\n\r\n<strong>FUNDAMENTAL TRADES:</strong>\r\n\r\nI have no LIVE PREMIUM SERVICE FUNDAMENTAL TRADES at this time.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.3 TRADES THAT ARE ON MY RADAR:</span>\r\n\r\nThe following trades are LIMIT ORDER trades already with my brokers. The FUNDAMENTAL trades (FUN) are all trades that will be hedged if required. Therefore the stop loss levels indicated are for those of you who DO NOT hedge.\r\n\r\nRT229\r\nAUD/USD\r\nShort at: 0.8440\r\nStop Loss at: 0.85550\r\nLimit at: 0.8000\r\n\r\nRT230\r\nNZD/USD\r\nShort at: 0.7830\r\nStop Loss at: 0.7920\r\nLimit at: 0.7000\r\n\r\nRT232\r\nUSD/CAD\r\nLong at: 1.1340\r\nStop Loss at: 1.1250\r\nLimit at: 1.1470\r\n\r\nFUN77\r\nGBP/AUD\r\nLong at: 1.8390\r\nStop Loss: 1.8000\r\nLimit at: 1.9500\r\n\r\nFUN78\r\nEUR/NZD\r\nLong at: 1.5800\r\nStop at: 1.5600\r\nLimit at: 1.6200\r\n\r\nFUN79\r\nGBP/NZD\r\nLong at: 2.000\r\nStop at: 1.9650\r\nLimit at: 2.0500\r\n\r\nAs I stated earlier in the blog, I will be trading until probably Monday evening / Tuesday morning and therefore I have no trades on my RADAR at the moment.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>\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\nLONG:\r\n\r\nUSD/CAD\r\nUSD/CHF\r\nUSD/JPY\r\nAUD/JPY\r\nCAD/JPY\r\nCHF/JPY\r\nEUR/JPY\r\nGBP/JPY\r\nNZD/JPY\r\nEUR/AUD\r\nGBP/AUD\r\nUSD/DKK\r\nUSD/NOK\r\nUSD/SEK\r\nEUR/NOK\r\nEUR/SEK\r\n\r\nSHORT:\r\n\r\nEUR/USD\r\nGBP/USD\r\nNZD/USD\r\nAUD/CAD\r\nEUR/CAD\r\nEUR/CHF\r\n\r\n<strong> </strong>\r\n<ol start=\"5\">\r\n	<li>\r\n<h3><strong> LOOKING FORWARD – THE WEEK AHEAD IN FX:</strong><strong> </strong></h3>\r\n</li>\r\n</ol>\r\n<h3 style=\"text-align: center;\"><strong>THE VIEW FROM MY TRADING DESK:</strong></h3>\r\n<span style=\"text-decoration: underline;\">5.1 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS<strong>:</strong></span>\r\n\r\n<strong>EUR/USD: Closing Price 1.2284.</strong> A bit of a roller coaster week, but the EUR/USD is heading lower no thanks to Draghi and ECB policy. What next? It is difficult but I feel once below 1.2200 we head a lot lower towards the teens. There would only be 1.2000 in the way. Support is at 1.2270 and resistance is at 1.2420.\r\n\r\n<strong>GBP/USD: Closing Price 1.5582</strong>. I worry about this pair. It has the reputation of being able to clear the market of both long and short traders in a day. I do however think that if the EUR/USD is heading lower the cable will not be too far behind. I am looking at 1.5500 as support and 1.5820 as resistance.\r\n\r\n<strong>AUD/USD: Closing Price 0.8316</strong>. We are on our way lower. As I type this I can hear the RBA champagne corks being popped. Mrs. Stevens will out for a steak dinner tonight! I see 0.8000 as the ultimate immediate objective, but I am not certain how far lower the RBA want to go. I see support at 0.8250 and resistance at 0.8480.\r\n\r\n<strong>NZD/USD: Closing Price 0.7703</strong>. We ended the week right on major support at 0.7700. A move below 0.7650 opens up the void lower towards 0.7250 then onwards. The New Zealand PM wants 0.6500, bring it on I say. For now support is huge at 0.7700 and 0.7650 and resistance at 0.7800 will be good.\r\n\r\n<strong>USD/CAD: Closing Price 1.1427.</strong> There was not much of a move in the week and I would call the “Loonie” the week’s under-performer. Support is at 1.1340 and resistance is at 1.1470.\r\n\r\n<strong>USD/CHF: Closing Price 0.9779</strong>. Parity is in sight now. If the EUR/USD drops the CHF will get to parity once again much sooner than we think. Last weekends referendum is now well behind us. The levels that interest me are 0.9680 to 0.9800.\r\n\r\n<strong>USD/JPY: Closing Price 121.43. </strong>The huge psychological level of 120.00 has been broken. We are now closer to 121.50. Where does this move end? I am really sorry I have no clue at all. Support will be good at 120.00 with resistance at 122.00 maybe… then it could be 124.00?\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">5.2 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>\r\nSUNDAY: CNY – Trade Balance\r\n\r\nMONDAY: AUD – NAB Business Confidence.\r\n\r\nTUESDAY: CNY – CPi.\r\n\r\nWEDNESDAY: NZD – RBNZ Rate Statement and Interest Rate.\r\nWEDNESDAY: AUD – Unemployment Rate.\r\n\r\nTHURSDAY: SNB – Press Conference and Monetary Policy Statement.\r\nTHURSDAY: EUR – TLTRO data.\r\nTHURSDAY: USD – Core Retail Sales.\r\n\r\nFRIDAY: N/A.\r\n\r\n<strong> </strong>\r\n<ol start=\"6\">\r\n	<li>\r\n<h3><strong> FINAL THOUGHTS:</strong></h3>\r\n</li>\r\n</ol>\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.1 SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>\r\n\r\nIf you like what you have just read and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox, here is what you do: -\r\n\r\nGo to my website: - <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a>\r\n\r\nOn the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.\r\n\r\nI do NOT sell your email data to anyone…do not worry.\r\n\r\n&nbsp;\r\n\r\n<span style=\"text-decoration: underline;\">6.2 THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>\r\n\r\nThere are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.\r\n\r\nUnlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.\r\n\r\nBy virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.\r\n\r\nAny reader who buys products or services from any advertiser via a banner on my website, <a href=\"http://www.weeklyfxdrivethru.com\">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.\r\n\r\n<strong> </strong>\r\n\r\n<span style=\"text-decoration: underline;\">6.3 MY FINAL TRADING OVERVIEW THOUGHTS LOOKING FORWARD:</span>\r\n\r\nThe major news events this week are the RBNZ Interest rate and policy statement and USD Core Retail sales. There are several other items but these are my picks.\r\n\r\nWe are now trying to break free of the ranges that have held most currency pairs captive for a few weeks. It is a dangerous time as we are open to false moves whether they are false breakouts or false breakdowns.\r\n\r\nJust be careful with over-stretching your broker account\r\n\r\nGood luck this week and always manage your risk.\r\n\r\nScott Pickering\r\nThe Pip Accumulator\r\nSaturday December 6th 2014\r\n\r\nEMAIL / FOLLOW ME AT:\r\npremiumservice@weeklyfxdrivethru.com\r\nTwitter: @pipaccumulator\r\nTwitter: @ThePremService\r\nGoogle+/scottpickering\r\nTumblr: thepipaccumulator\r\n\r\n<strong>DISCLAIMER:</strong>\r\n\r\nFLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.','THE ECB STARTS OFF THE PANTOMIME SEASON EARLY.....','','publish','open','closed','','ecb-starts-off-pantomime-season-early','','','2014-12-06 12:04:05','2014-12-06 17:04:05','',0,'https://weeklyfxdrivethru.com/?post_type=member_posts&#038;p=4904',0,'member_posts','',0),(4901,1,'2014-12-06 11:43:42','2014-12-06 16:43:42','','5 OF THE WORST EXCUSES TO NOT START TRADING','','inherit','open','closed','','5-of-the-worst-excuses-to-not-start-trading','','','2014-12-06 12:11:32','2014-12-06 17:11:32','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/5-OF-THE-WORST-EXCUSES-TO-NOT-START-TRADING.pdf',0,'attachment','application/pdf',0),(4902,1,'2014-12-06 11:43:52','2014-12-06 16:43:52','','MY APPROACH ON POSITION SIZING','','inherit','open','closed','','my-approach-on-position-sizing','','','2014-12-06 12:11:41','2014-12-06 17:11:41','',2538,'https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/MY-APPROACH-ON-POSITION-SIZING.pdf',0,'attachment','application/pdf',0);
