THE WEEKLY FX PREMIUM
Let me first provide a little history.
In 2014, I launched the PREMIUM SERVICE, which was based around my trades that I been previously posting for FREE to my “WEEKLY FX DRIVE THRU” blog each weekend. These were well received, and I received great feedback asking for more, hence I launched my subscription service.
The PREMIUM SERVICE was changed to the WEEKLY FX PREMIUM in Q1 2018, as I decided to re-brand myself for the future, the name change being the initial change.
Just to confirm, The WEEKLY FX PREMIUM is a Forex Subscription service that provides subscribers with not just the trades that I am looking at but also some market commentary (examples below). I provide subscribers the details of the trades that I am looking at, what I am doing with my existing LIVE trades. It is then up to subscribers whether or not they want to follow my trade, my ideas or not.
In 2020, the evolution of my subscription service continues.
In 2019, I changed my entire focuswith regards to my trading from a mixture of shorter-term and longer-term trading to purely focus on POSITION TRADING. Taking a longer -term perspective on trades and in so doing eliminate the noise that had started to cloud DAY TRADING. For several reasons the main being that the FX market has once again, in my opinion, changed its focus. I now see more reliance on news flow driving the price action, plus algorithmic trading is growing its daily influence in the Forex market is in my opinion increasing.
Since the launch of my subscription service back in 2014, I have changed my focus and approach as the market changes. For 2019 this is no different, however my changes are much more focused than in the past. In my opinion, more patience is required to wait for trades to slot into place, especially trades with a shorter-term horizon. The effect of much of the Economic data has taken a step back from having a meaningful influence in the shorter-term.
This change has resulted in me changing my focus to longer-term trading only. The market noise associated with day and swing trading, in the short-term, is just no longer of interest to me and the FUNDAMENTAL, MACRO, LONGER-TERM POSITION TRADING is where I want to be mainly focused moving forward.
It is “The Noise” from shorter-term time frame trades, that is catching out many traders. Without doubt, news flow comments are being picked up by algorithms and pushing price action until a technical indicator is hit and then a wicked switch in direction occurs before the markets settle down. Manual traders are being both spooked and hit in the pocket.
For 2020, I have fine-tuned my approach again by developing my outlook on POSITION TRADIING, but also adding back (at my existing subscribers request) a couple of shorter time fram options. I can now break my trasde styles into five categories of trades: -
- MOMENTUM TRADES
- SWING TRADES
- FUNDAMENTAL TRADES
- BREXIT TRADES
- INVESTOR TRADES (CORE POSITIONS)
Below, I have added a document titled, "THOUGHTS ABOUT SUBSCRIBING TO THE WEEKLY FX PREMIUM", which defines these NEW trade style a little more.
I am at the outset a FUNDAMENTAL trader first and then technical. I use the alignment of technical set ups with my FUNDAMENTAL views to give me my TRADE SET ups.
From my perspective, as a manual trader, trading Forex is all about repetition. In very basic terms you sell “RIPS” and buy “DIPS”. The key to making it all work is selecting the “High Probability” trades that are contained on every trading chart.
Whilst, I cannot 100% guarantee that subscribers will make money from my suggested trades, the WEEKLY FX PREMIUM has over a 4-year track record of profitable performances.
Since launching my subscription service in 2014, based on an annual performance, I have not lost money. Since 2017, I have been trading smaller position sizes with wider stops to accommodate the noise. I have not been seeing the $$$ return that I should have seen regardless of the pips generated.
I only intend to look at my screens in detail 2/3 times a day. I will still stay educated on the news etc., but minute by minute examination of charts looking for trades will be no more.
Every weekend in alignment with the dates of the WEEKLY FX DRIVE THRU, for WEEKLY FX PREMIUM subscribers only, I post "THE SUNDAY MORNING ZOOM", which a look ahead at upcoming FX related new events and a review of my existing live trades and limit orders. Basically, this offers subscribers a greater insight into my macro and fundamenatal views via my chart analysis.
The WEEKLY FX PREMIUM is open to all traders, whether FULL-TIME or PART-TIME whether, new, intermediate or experienced and regardless of the size of your investment in the Forex market. Every report I complete, and post is based on single lot trading. Every trader has different sized pockets and different RISK parameters.
I have a very straightforward set of goals and objectives: -
- 15,200 net profitable pips (Copy of my 2020 "PIP Projection" is below)
- 80% of my trades profitable and 20% loss making trades.
- Average of +50 pips per completed trade in a calender year.
My subscriber area website contains a full EDUCATION section to support a trader’s day to day needs and requirements. For those who subscribe at PLATINUM STATUS, they also have the option, if they want it, of 1-on-1 market review sessions each month via SKYPE or FaceTime.
How does it all work?
As soon as I see a trade set up or a trade that I want to trade, I send out a tweet via my WEEKLY FX PREMIUM subscribers only secure Twitter account @weeklyfxpremium. This tweet contains the entry and potential exit of the trade plus the RISK % that I am attaching to the trade plus a supporting trade chart.
In addition to the tweet I also email an excel spreadsheet with the trading chart once again and this provides more background and my thoughts to the trade.
There are 3 levels of subscription:
- GOLD: 3 months (10 weeks) CAD$450.00
- GOLD: 6 months (20 weeks) CAD$750.00
- PLATINUM: 12 months (40 weeks) CAD$1.250.00*
*PLATINUM subscribers who renew annually based on 2020 prices receive a discounted renewal price of CAD$1,000.00 for the next 12 months subscription.
The Pip Accumulator
December 31st 2019.
Below are examples recent and older to communications via the WEEKLY FX PREMIUM. These are issued via Twit Longer, through Twitter, Twitter itself and by email to subscribers.