<strong><span style="font-size: 14pt;">THE DAILY FX POST</span>
<span style="font-size: 14pt;"> from</span>
<span style="font-size: 14pt;"> THE PREMIUM SERVICE</span></strong>

&nbsp;

<strong>DATE: Thursday 23<sup>rd</sup> October 2014
REF: #113</strong>

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<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
It was a busy day yesterday with chart analysis and set-ups. I posted several new ones to twitter.

PLAN A is now in position, it is just a case of how many o the limit order trades will trigger to be added to the existing LIVE trades.

U.S. equities futures are very bullish today, so we may see some consolidation moves in the Forex market. However, watch Crude OIL, if it drops below $80.00 again, not only will this give the USD/CAD a lift it will help strengthen the USD and this could send the EUR/USD towards a re-test of the overnight lows at 1.2600. The Saudis just announced a cut in production; Crude spiked and is now pulling back in the trend once again.

The GBP/USD had poor consumer data released this morning, which has put pressure on the cable. If the EUR/USD falls this could be all that is required to pull the GBP/USD back below 1.6000 and head towards the mid 1.50s.

The commodity currencies are being held up with equities at the moment, and, in particular, I am finding the AUD/USD a pain, as it just will not fall. A nice drop in the price of GOLD plus equity strength being sold into at the open on Wall Street could see it move lower and hopefully it will drag the NZD/USD with it.

Lets see what develops.

<strong> </strong>
<ol start="2">
	<li><span style="font-size: 12pt;"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>
</ol>
USD: - Unemployment Claims.
CAD: - BOC Governor Poloz speaks

NZD: - Trade Balance.

GBP: - GDP.<strong> </strong>

<strong> </strong>
<ol start="3">
	<li><span style="font-size: 12pt;"><strong> EXISTING LIVE TRADES:</strong></span></li>
</ol>
<strong>RADAR TRADES:</strong>

RT194
EUR/USD
Short
Short at: 1.2735
Stop at: 1.2785
Limit: 1.1860
Price Now: 1.2663
Current Profit / Loss Position: +72 pips

<strong>FLASH TRADES:</strong>

FT190
NZD/USD
Short at 0.7793
Stop at 0.8050
Limit at 0.6580
Price Now: 0.7862
Current Profit / Loss Position: - 69 pips

FT202
USD/CAD
Long at 1.1340
Stop at 1.1170
Limit at 1.1570
Price Now: 1.1210
Current Profit / Loss Position: -130 pips
(This pair is hedged from -70 pips)

FT208
GBP/USD
Short at 1.6045
Stop at 1.6080
Limit at 1.5450
Price Now: 1.6028
Current Profit / Loss Position: +17 pips

FT209
AUD/USD
Short at 0.8785
Stop at 0.8850
Limit at 0.8000
Price Now: 0.8796
Current Profit / Loss Position: -11 pips

<strong>FUNDAMENTAL TRADES:</strong>

FUN44
GBP/NZD
Long at 2.0507
Stop at 1.9800
Limit at 2.3200
Price Now: 2.0383
Current Profit / Loss Position: -124 pips
(This trade is hedged from -125 pips)

FUN58
GBP/AUD
Long at 1.8250
Stop at 1.8100
Limit at 1.8650
Price Now: 1.8216
Current Profit / Loss Position: -34 pips

<strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
RT197
USD/CHF
Long
Long Entry at: 0.9510
Stop at: 0.9440
Limit: 0.9680

RT198
NZD/USD
Short
Short Entry at: 0.7880
Stop at 0.7950
Limit at: 0.6680

FUN55
GBP/CAD
Long
Long Entry at: 1.7950
Stop at 1.7865
Limit at: 1.8250

FUN56
EUR/CAD
Long
Long Entry at: 1.4127
Stop at 1.3980
Limit at: 1.4500

FUN57
EUR/AUD
Long
Long Entry at: 1.4350
Stop at 1.3950
Limit at: 1.5600

FUN59
EUR/NZD
Long
Long Entry at: 1.5900
Stop at 1.5750
Limit at: 1.6300

&nbsp;

Good luck today.

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

<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.