<h2 style="text-align: center;"><strong>THE DAILY FX POST
from
THE PREMIUM SERVICE

</strong></h2>
<h3><strong>DATE: Friday 5th December 2014
REF: #138</strong></h3>
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<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>
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WTF. 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?

Anyway 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.

When it was all said and done yesterday was a +150 pip day….nice.

Overnight, 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.

Right 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.

It looks like the USD bulls are back as the market is expecting a great print in jobs.

As 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.

Finally, 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.

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<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>
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USD: - Non-Farm Employment Change, Unemployment Rate &amp; Trade Balance.
CAD: - Employment Change, Unemployment Rate &amp; Trade Balance.

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<h3><strong> EXISTING LIVE TRADES:</strong></h3>
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<strong>RADAR TRADES:</strong>

RT233
EUR/GBP
SHORT
Short from 0.7920
Stop at 0.7920 - <span style="text-decoration: underline;"><strong>(PLEASE NOTE THE STOP IS NOW AT BREAK EVEN for NFP)</strong></span>
Limit at 0.7800
Price Now 0.7873
Current Profit / Loss Position +47 pips

<strong>FLASH TRADES:</strong>

FT230
EUR/CHF
Long at 1.2040
Stop at 1.1920
Limit at 1.2500
Price now 1.2019
Current Profit / Loss Position -21 pips

<strong>FUNDAMENTAL TRADES:</strong>

There are no LIVE FUNDAMENTAL TRADES at this point in time.

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<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>
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RT229
AUD/USD
SHORT
Entry at 0.8440
Stop at 0.8550
Limit at 0.8000

RT230
NZD/USD
SHORT
Entry at 0.7830
Stop at 0.7920
Limit at 0.7000

RT232
USD/CAD
LONG
Entry at 1.1340
Stop at 1.1250
Limit at 1.1470

PLEASE NOTE:
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.

FUN77
GBP/AUD
LONG
Entry at 1.8390
Stop at 1.8000
Limit at 1.9500

FUN78
EUR/NZD
LONG
Entry at 1.5800
Stop at 1.5600
Limit a
t 1.6200

FUN79
GBP/NZD
LONG
Entry at 2.0000
Stop at 1.9650
Limit at 2.0500

Finally, good luck today and take care. Try to trade with smaller positions first until your trades get established by say 30 pips or so.

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Scott Pickering
The Pip Accumulator
<a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>
Twitter: @ThePremService
Email: premiumservice@weeklyfxdrivethru.com

<strong>DISCLAIMER:</strong>

FLASH, 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.