<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>

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<strong>DATE: Friday 19<sup>th</sup> September 2014
REF: #92</strong>
<ol>
	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>
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Firstly, welcome to new subscribers joining yesterday was a fascinating day to connect with the PREMIUM SERVICE.

The UK says NO to independence. That was the big news overnight and you can only imagine what the many large businesses in the UK feel about this news.

As the first results came through, I think it was the “Falkirk” result that was predicted to be a YES turned out to be a NO. At this point I went long GBP across the board. I managed to get many stops in place before I was hit with connectivity issues. It took me 15 minutes to get back on-line and tweet and place protected stops in place as I knew that the chances were high that resistances may actually be tops and we would pullback. I just about got protected stops in place before my primary and secondary connections crashed again. I banked a few pips but it was a very nervy few minutes because its not my usual way of trading and as I knew that the trades were essentially scalp trades that had only a 20% chance to developing.

This morning… wow…what a pullback in the cable. The GBP/USD just hit lows of the day and broke through 1.6350.

I am not expecting much today being a Friday.

One thing to notice; however is that for two days in succession the AUD/USD has bounced off support at 0.8930. I still view the AUD and NZD currencies as bearish but the 0.8930 and 0.8075 are proving to be tough nuts to crack.

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<ol start="2">
	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>
</ol>
CAD: - Core CPi data.<strong> </strong>

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<ol start="3">
	<li><strong> EXISTING LIVE TRADES:</strong></li>
</ol>
RT143
AUD/NZD
Long
Long at 1.1200
Stop at 1.0950
Limit at 1.1550
Present Price: 1.1010
Current Profit / Loss Position: -190 pips
(This pair is hedged from -125 pips)

RT156
EUR/USD
Short
Entry at 1.2880
Stop Loss at 1.2980
Limit at 1.2650
Present Position: 1.2862
Current Profit / Loss Position: +18 pips

RT157
NZD/USD
Short
Entry at 0.8120
Stop Loss at 0.8180
Limit at 0.7600
Present Position: 0.8156
Current Profit / Loss Position: - 36 pips

RT158
AUD/USD
Short at 0.8990
Stop Loss at 0.9050
Limit at 0.8600
Present Position: 0.8979
Current Profit / Loss Position: +11 pips

RT159
USD/CHF
Long at 0.9350
Stop Loss at 0.9290
Limit at 0.9580
Present Position: 0.9382
Current Profit / Loss Position: +32 pips

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<ol start="4">
	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>
</ol>
I have none in place at the moment.

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<ol start="5">
	<li><strong> FINAL THOUGHTS:</strong></li>
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It is a Friday so be very careful with trades today, holding too many positions over the weekend can be costly. I will not be adding any new trades today unless a gift lands on my screen.

I will be focusing my attention on charts and subject matter for the rest of the day to be included in tomorrow’s WEEKLY FX DRIVE THRU.

Finally for Roger, Brenda and Yang many thanks for your comments on the DXY and the GBP/NZD trade that we were patient with for months and months and months…. As mentioned to you even with SWAP and hedging costs it was a nice trade but it could have been 200 pips better than it was. But as I always say never complain about banking $$$.

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<ol start="6">
	<li><strong> DISCLAIMER:</strong></li>
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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.

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

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