<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><title>Here is this week's Weekly FX Drive-Thru BLOG POST</title><link rel="stylesheet" href="https://weeklyfxdrivethru.com/wp-content/themes/eleven40-pro/style.css" type="text/css" media="screen" /><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body>Here is this week’s WEEKLY FX DRIVE THRU BLOG POST:<br />
<a href="https://weeklyfxdrivethru.com/carney-spits-fire-cable-bulls/">CARNEY SPITS FIRE AT CABLE BULLS</a><br />
<br />
<p>&nbsp;</p>
<ol>
<li><strong>INTRODUCTION:</strong></li>
</ol>
<p>The previous week it was a DRAGHI THUNDERBOLT that hit the FX market and last week it was Mark Carney’s turn. Carney is seen as a bit of a DOVE more so than a HAWK by the market; I see him as a “Flip-Flopper” more than anything else, however last Thursday with the precision of one of Daenerys Targaryen’s dragons SPAT FIRE over the assembled and eagerly listening cable bulls.</p>
<p>We saw moves of 200 pips lower with GBP/USD and the crosses which are monsters at the best of times moved considerably more, GBP/AUD and GBP/NZD circa. 400 pips range on the day.</p>
<p>From my own perspective, I did NOT play the BOE Super Thursday very well. I was expecting a rally on the announcement into which as I had written to PREMIUM SERVICE subscribers during the week I was looking to fade as I was expecting a DOVISH HIKE.</p>
<p>We had a DOVISH HIKE but the selloff started in the late Asian session from the prior day and continued through the European session. As the announcement came basically the selloff intensified.</p>
<p>I was set up mentally for cable to fail, but not in the way it happened.</p>
<p>I talk a great deal about RISK MANAGEMENT, TRADE MANAGEMENT and TRADING PSYCHOLOGY, which I am now calling MIND MANAGEMENT. I never had my MIND MANAGEMENT in the correct place.</p>
<p>I only partially participated in the GBP move and made poor selections of trading pairs on the day. I banked small losses. Privately, I made reasonable $$$ scalping the market. Overall, however, I was very disappointed with my Super Thursday performance.</p>
<p>We move on…</p>
<p>THE PREMIUM SERVICE as at 31st October 2017, has now beaten its annual net pip target of 10,000 pips. To the end of October 2017, the pip total stands at 10,402 pips.</p>
<p>I am delighted… Happy Days.</p>
<p>The 2016 total was a record at 13,575 pips. Whilst I have always beaten the 10,000-pip target since the PREMIUM SERVICE started in 2014, last year’s total will a tall order. But as it is often said… “Onwards and Upwards”.</p>
<p><strong> </strong></p>
<ol start="2">
<li><strong> THE FX MARKET PLACE:
<p></strong></li>
</ol>
<p><u>2.1: LOOKING BACK AT LAST WEEK’S NEWS.</u></p>
<p>Here is what tickled my fancy in the news last week as a currency trader.</p>
<p>&nbsp;</p>
<p><strong><u>BOE</u></strong><u>: SUPER THURSDAY &amp; PMi DATA.</p>
<p></u></p>
<p>A few weeks ago, when Mark Carney announced that UK interest rates could be rising earlier than previously thought to fight off inflation which was running at an annual rate of c.3%, I wrote saying that “CARNEY COMES OUT OF THE CLOSET”.</p>
<p>This move from DOVE to HAWK meant that the cable which previously had been under pressure from BREXIT leapt up like a rat up a drainpipe and sped towards 1.3300. There was talk of a re-test of 52W highs around 1.3650.</p>
<p>Last Thursday Carney announced basically a DOVISH 0.25% rate hike… a one and done event. His commentary was as DOVISH as it comes and the cable fell like a lead balloon.</p>
<p>The unwinding of cable longs started hours earlier as the realism of a DOVISH HIKE came more and more into the reality and traders of all sizes squared off positions.</p>
<p>The MPC vote was 7-2 in favour of the hike. The two dissenters being Jon Cunliffe and David Ramsden.</p>
<p>The main takeaways from Carney’s press conference were in my opinion: -</p>
<ul>
<li>MPC sees wage growth picking up in 2018</li>
<li>MPC believes that the tighter labour market will boost wages.</li>
<li>BREXIT deal will affect the exchange rates</li>
<li>Rates will be adjusted either up or down on a BREXIT resolution.</li>
<li>MPC wants to use the Bank rate as an instrument of BOE policy rather than QE.</li>
<li>Rates must be higher before reversing QE.</li>
<li>Inflation back at 2% will help make BREXIT a success<br />
(God knows what the feck they were smoking to come up with this line!!</li>
<li>UK rate decision not driven by the exchange rate….<br />
(My arse!!)</li>
</ul>
<p>My thoughts are that it was a mistake to raise rates. Asked by the press did he think it was a mistake, Mark Carney responded with it was a “nimble response” to an unprecedented set of circumstances. The fact that cable sold off only adds fuel to UK inflation. It was cables devaluation that is basically what has fueled the inflation position. Ironic that a rate hike caused cable to devalue again, the irony of that fact should not be lost on the MPC!</p>
<p>UK interest rates are to remain low for an extended period well into 2019.</p>
<p>With the rate hike out of the way we can now concentrate on the main event… BREXIT</p>
<p>UK PMi data last week was stronger than expected, and took me by surprise I only expected a beat with service PMi:</p>
<p>Construction              50.8 versus 48.3<br />
Manufacturing           56.3 versus 55.8<br />
Services                      55.6 versus 53.3</p>
<p>&nbsp;</p>
<p><strong><u>USD:</u></strong><u> FOMC, FED CHAIR, GOP TAX PLAN, ADP &amp; NFP.</u></p>
<p>A huge amount of economic and political data last week from the U.S. All this and not even a mention of TWITTER.</p>
<p>The FED CHAIR announcement went off without incident. JEROME POWELL, subject to senate approval will replace Janet Yellen next February. When the announcement was made, I had to hold my head back to stop the blood from my nose bleed dripping all over my apple keyboard. It was such a shock to my body to have a TRUMP announcement without drama attached… total shock to my system.</p>
<p>A couple of points for dinner table conversation about Janet Yellen’s tenure at the FED.</p>
<ul>
<li>When she became FED CHAIR the USD (DXY) was at 81.00.</li>
<li>The DXY has been falling since TRUMPS inauguration 101.00.</li>
<li>Today after 10 months of falling it still stands at 94.00.</li>
</ul>
<p>My point here is that after the GFC when the DXY stood at 70.00, following on from Ben Bernanke she guided the DXY to about the mid-point given that in 2000 the DXY was at 120.00. Personally, without TRUMP the DXY would be well into triple digits by now.</p>
<p>The FOMC statement a day earlier passed us by without incident.  The FX market did its usual thing by the odd flexing here and there but to be honest it was an all “fur coat and no knickers” event.</p>
<p>The TAX PLAN release was for me, mixed into the background as the BOE press conference fall out was still in full swing. The previous day there was a rumour in the Asian session that reductions in the corporate tax rate would either be phased in or phased out, or both…. From what I can gather this was a bullsh*t rumour.</p>
<p>With regards to the jobs data; ADP was a nice bear 235k against an expectation of 202k. NFP missed at 261k versus 312k. The unemployment rate dipped from 4.2% to 4.1%. Hourly earnings 0.0% versus 0.2% expected.</p>
<p>Jobs data was poor so the USD strengthened go figure.</p>
<p>&nbsp;</p>
<p><u>2.2: LOOKING AHEAD TO THIS COMING WEEK:</u></p>
<p><u><br />
2.2.1: THIS WEEK’S ECONOMIC DATA RELEASES:</u></p>
<p><a href="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/ECON-DATA-0512017.png?ssl=1" data-rel="lightbox-0" title=""><img class="aligncenter size-large wp-image-10338" src="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/ECON-DATA-0512017.png?resize=1024%2C705&#038;ssl=1" alt="" srcset="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/ECON-DATA-0512017.png?w=1024&amp;ssl=1 1024w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/ECON-DATA-0512017.png?resize=300%2C206&amp;ssl=1 300w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/ECON-DATA-0512017.png?resize=768%2C528&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p><u>2.2.2: USD MAJORS – MY SUPPORT &amp; RESISTANCE LEVELS:</u></p>
<p><a href="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/TCHART-05112017.png?ssl=1" data-rel="lightbox-1" title=""><img class="aligncenter size-large wp-image-10339" src="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/TCHART-05112017.png?resize=1024%2C844&#038;ssl=1" alt="" srcset="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/TCHART-05112017.png?w=1024&amp;ssl=1 1024w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/TCHART-05112017.png?resize=300%2C247&amp;ssl=1 300w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/TCHART-05112017.png?resize=768%2C633&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p><u>2.2.3: USD – TRADING CHARTS and COMMENTARIES: </u></p>
<p>The charts below contain commentary (my thoughts and views), these are the USD major charts that are reflected in the spreadsheet above.<br />
<strong><br />
</strong>EUR/USD:</p>
<p><a href="https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/EURUSD-D-05112017.png?ssl=1" data-rel="lightbox-2" title=""><img class="aligncenter size-large wp-image-10349" src="https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/EURUSD-D-05112017.png?resize=1024%2C411&#038;ssl=1" alt="" srcset="https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/EURUSD-D-05112017.png?w=1024&amp;ssl=1 1024w, https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/EURUSD-D-05112017.png?resize=300%2C121&amp;ssl=1 300w, https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/EURUSD-D-05112017.png?resize=768%2C309&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>GBP/USD:</p>
<p><a href="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/GBPUSD-D-05112017.png?ssl=1" data-rel="lightbox-3" title=""><img class="aligncenter size-large wp-image-10350" src="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/GBPUSD-D-05112017.png?resize=1024%2C411&#038;ssl=1" alt="" srcset="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/GBPUSD-D-05112017.png?w=1024&amp;ssl=1 1024w, https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/GBPUSD-D-05112017.png?resize=300%2C121&amp;ssl=1 300w, https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/GBPUSD-D-05112017.png?resize=768%2C309&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>AUD/USD:</p>
<p><a href="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/AUDUSD-D-05112017.png?ssl=1" data-rel="lightbox-4" title=""><img class="aligncenter size-large wp-image-10348" src="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/AUDUSD-D-05112017.png?resize=1024%2C411&#038;ssl=1" alt="" srcset="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/AUDUSD-D-05112017.png?w=1024&amp;ssl=1 1024w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/AUDUSD-D-05112017.png?resize=300%2C121&amp;ssl=1 300w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/AUDUSD-D-05112017.png?resize=768%2C309&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>NZD/USD:</p>
<p><a href="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/NZDUSD-D-05112017.png?ssl=1" data-rel="lightbox-5" title=""><img class="aligncenter size-large wp-image-10351" src="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/NZDUSD-D-05112017.png?resize=1024%2C411&#038;ssl=1" alt="" srcset="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/NZDUSD-D-05112017.png?w=1024&amp;ssl=1 1024w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/NZDUSD-D-05112017.png?resize=300%2C121&amp;ssl=1 300w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/NZDUSD-D-05112017.png?resize=768%2C309&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>USD/CAD:</p>
<p><a href="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCAD-D-05112017.png?ssl=1" data-rel="lightbox-6" title=""><img class="aligncenter size-large wp-image-10352" src="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCAD-D-05112017.png?resize=1024%2C411&#038;ssl=1" alt="" srcset="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCAD-D-05112017.png?w=1024&amp;ssl=1 1024w, https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCAD-D-05112017.png?resize=300%2C121&amp;ssl=1 300w, https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCAD-D-05112017.png?resize=768%2C309&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>USD/CHF:</p>
<p><a href="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCHF-D-05112017.png?ssl=1" data-rel="lightbox-7" title=""><img class="aligncenter size-large wp-image-10353" src="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCHF-D-05112017.png?resize=1024%2C411&#038;ssl=1" alt="" srcset="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCHF-D-05112017.png?w=1024&amp;ssl=1 1024w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCHF-D-05112017.png?resize=300%2C121&amp;ssl=1 300w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDCHF-D-05112017.png?resize=768%2C309&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>USD/JPY:</p>
<p><a href="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDJPY-D-05112017.png?ssl=1" data-rel="lightbox-8" title=""><img class="aligncenter size-large wp-image-10354" src="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDJPY-D-05112017.png?resize=1024%2C411&#038;ssl=1" alt="" srcset="https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDJPY-D-05112017.png?w=1024&amp;ssl=1 1024w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDJPY-D-05112017.png?resize=300%2C121&amp;ssl=1 300w, https://i0.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/USDJPY-D-05112017.png?resize=768%2C309&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><u>2.2.4: MY THOUGHTS ON THIS WEEK’S ECONOMIC DATA:</p>
<p></u>The Antipodean currencies rule this week!</p>
<p><strong><u>NZD:</u></strong><u> RBNZ RATE STATEMENT &amp; PRESS CONFERENCE</u>.</p>
<p>I am NOT expecting any fireworks this week. Grant aka “Frank” Spencer has already stated no change and dovish for an extended period.</p>
<p>I will be looking to see what, if anything, is said vis-à-vis the new Labour Party coalition governments intentions to expand the role of the RBNZ.</p>
<p>&nbsp;</p>
<p><strong><u>AUD:</u></strong><u> RBA RATE STATEMENT &amp; MONETARY POLICY STATEMENT.</u></p>
<p>I am not expecting any move on interest rates. Philip Lowe has been very straightforward since becoming governor. He is clear and unambiguous and his is his own man. He has been happy of late to remain neutral and is in no rush to increase interest rates, far from it.</p>
<p>As with most monetary policy and rate statements the “verbal’s” give us the clues. I am expecting more of the same. No fireworks just a status quo report.</p>
<p>This may change in 2018, but for now it is only the FED that has an open normalization policy on interest rates. This suits other currencies like the AUD because the result with FED policy should be that the USD strengthens based upon interest rate differentiation causing other currencies to weaken.</p>
<p>A weaker currency is always preferred and this can be achieved by the likes of the RBA with no work. It’s all in theory done for them by the FED.</p>
<p>&nbsp;</p>
<p><u>2.2.5: HOW TO PLAY THE MARKET THIS WEEK:</u></p>
<p>There was a lot jammed into last week that made me believe that caution was the best route forward. Trading FX always has RISK involved and at the end of the day it’s all about MANAGING RISK in conjunction with both TRADE MANAGEMENT and MIND MANAGEMENT.</p>
<p>Last week finished with USD strength returning and I see this renewed USD strength remaining with the markets into the early part of this week, if not more than that.</p>
<p>Geopolitical factors such as “THE TRUMP GOODWILL TOUR OF ASIA”, which was given a good old dose U.S. hospitality with nuclear weapons loaded bombers flying up and down the Korean coast. It doesn’t bear thinking about.</p>
<p>BREXIT and poor old Theresa May will hit the headlines this week now that Carney’s BOE super Thursday event is behind us. However, we should remember that moves in cable are still just one UK negative BREXIT announcement from a fall, or one positive announcement away from a spike higher.</p>
<p>OIL appears to be settling around the USD$60.00 level. Anything higher will get the U.S. shale production lifting off which will drive prices back towards USD$50.00 per barrel.</p>
<p>So…</p>
<p>With that as my back drop how will I be approaching the FX market this week.</p>
<p>Without much economic data, this week and with the “RED” FX data emanating from mainly AUD and NZD, one would think I had a pretty clear plan in place. Unfortunately, with all the geopolitical nonsense around and with TRUMP off home soil the potential for gaffs is heightened.</p>
<p>The USD is news driven at the moment, and, if the USD is news driven almost everything else currency wise falls victim.</p>
<p>I have cross rates that interest me and they are a great option away from the USD.  The JPY crosses are of interest but I never seem to personally have great success with them. Recently, the NZD/JPY has been good and the AUD/JPY is back on my RADAR once again after closing it just ahead of NFP last week. But with TRUMP in Asia maybe the JPY should not be such a focus. However, the parabolic rise in the NIKKEI does have me alert to JPY shorts.</p>
<p>Having written all that, I still see being long the USD as the immediate route. I do not think it will last for long as I see this USD strength technical and I expect the move higher to stop and then USD weakness will come back and force the DXY lower. (See the DXY chart below)</p>
<p><a href="https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/DXY-05112017.png?ssl=1" data-rel="lightbox-9" title=""><img class="aligncenter size-large wp-image-10340" src="https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/DXY-05112017.png?resize=1024%2C520&#038;ssl=1" alt="" srcset="https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/DXY-05112017.png?w=1024&amp;ssl=1 1024w, https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/DXY-05112017.png?resize=300%2C152&amp;ssl=1 300w, https://i1.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/11/DXY-05112017.png?resize=768%2C390&amp;ssl=1 768w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></a></p>
<p>&nbsp;</p>
<p>Overall, I would be looking to establish positions in cross rates. GBP crosses may need some time to wash out oversold conditions. EUR crosses long in the medium term excite me, but not quite yet.</p>
<p>&nbsp;</p>
<ol start="3">
<li><strong> THE PREMIUM SERVICE:</strong></li>
</ol>
<p>The PREMIUM SERVICE is my own subscriber based Forex support service that offers subscribers my suggested trade set-ups and market commentaries.<br />
Full details of the PREMIUM SERVICE and costs to subscribe plus the various trade styles and how suggested trade set-ups are communicated can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> by selecting the HISTORY &amp; PERFORMANCE tab.</p>
<p><u>CURRENT 2017 PREMIUM SERVICE PERFORMANCE:</u></p>
<p>PIPS ADDED LAST WEEK:           = +122 pips<br />
PIPS MONTH TO DATE:                = +122 pips<br />
YEAR TO DATE:                              = +10,524 pips<br />
<a href="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/10/PS-NET-PROFITABILITY-OCT2017.png?ssl=1" data-rel="lightbox-10" title=""><img class="aligncenter size-large wp-image-10335" src="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/10/PS-NET-PROFITABILITY-OCT2017.png?resize=968%2C1024&#038;ssl=1" alt="" srcset="https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/10/PS-NET-PROFITABILITY-OCT2017.png?w=968&amp;ssl=1 968w, https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/10/PS-NET-PROFITABILITY-OCT2017.png?resize=284%2C300&amp;ssl=1 284w, https://i2.wp.com/weeklyfxdrivethru.com/wp-content/uploads/2017/10/PS-NET-PROFITABILITY-OCT2017.png?resize=768%2C812&amp;ssl=1 768w" sizes="(max-width: 968px) 100vw, 968px" data-recalc-dims="1" /></a><br />
Further information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs on my website  <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a><br />
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<ol start="4">
<li><strong> PREMIUM SERVICE SUBSCRIBERS ONLY:</strong></li>
</ol>
<p>(Only SUBSCRIBERS to the PREMIUM SERVICE can view this section of the BLOG)</p>
<p><u>4.1: TRADING REVIEW:</u></p>
<p><u>4.2: SENTIMENT CHART,</u><u> FUNDAMENTAL &amp; MACRO THOUGHTS</u><u>:<br />
</u></p>
<p><u>4.3: EXISTING CORE TRADES (PLANS &amp; STRATEGIES):</u></p>
<p><u>4.4: CURRENT LIVE TRADES &amp; LIMIT ORDERS:</u></p>
<p><u>4.5: FX BROKER NEWS with their MARKET FEEDBACK:</u></p>
<p>&nbsp;</p>
<p><strong> </strong></p>
<ol start="5">
<li><strong> THE FINISHING LINE:</strong></li>
</ol>
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<p><u>5.3: CLOSING THOUGHTS:</u></p>
<p>Nothing more to add here, I have said enough except,</p>
<p>As usual…</p>
<p>Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.</p>
<p>Scott Pickering<br />
The Pip Accumulator<br />
Twitter: @pipaccumulator</p>
<p><a href="http://weeklyfxdrivethru.com/disclaimer/">http://weeklyfxdrivethru.com/disclaimer/</a></p>
<p>BLOG VERSION: #258 FREE NEWSLETTER<br />
5th November 2017</p>
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