15.01.2014.

<b><span style="text-decoration: underline;">1. INTRODUCTION:</span></b>

As promised yesterday on Twitter, I am reviewing all my RADAR TRADE set-ups. All those previously listed in blogs and twitter that have not yet activated / triggered have been cancelled.

After Non-Farm payrolls last Friday, it became a bit hectic, in particular on Monday with the NFP fallout. There were some moves that took me totally by surprise and in an effort to react to one or two moves, “sleepy eyed” instead of taking 50% profits off the table in the GBP/CAD long I closed the trade in error. Not a problem to bank profits but my core position was lost at a great entry price. A few hours later I closed all my positions in error when I thought I was just exiting the AUD/NZD long after it was annihilated on stop loss run. Talk about a bad three/four hours…and there was no Jack Daniels in the system at all!

Looking at all the RADAR TRADES that were placed with my brokers, some moves had been quite exaggerated and my entry levels were very distant from the market. I therefore thought it best to cancel everything and send out a MIDWEEK FX FIX to update both the FLASH and RADAR trades status.

Below are current positions and ideas moving forward.

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<b><span style="text-decoration: underline;">2. EXISTING LIVE FLASH TRADES:</span></b>
<p align="center">FT07:
Currency Pair: USD/CHF
Long/Short: Long
Limit Order Entry Price: 0.9072
My Position Size: 100% (this was reduced to 25% on USD spike profits taken)
Stop Loss: 0.8990
Target / Limit: 0.9400</p>
<p align="center"> FT08:
Currency Pair: USD/CAD
Long/Short: Long
Limit Order Entry Price: 1.0966
My Position Size: 40%
Stop Loss: 1.0840
Target / Limit: 1.1200</p>
<b><span style="text-decoration: underline;">3. POTENTIAL RADAR TRADES:</span></b>

As always with these trades, I am waiting on pullbacks to enter. I may not get the entry prices that I want.
<p style="text-align: center;"> RT21:
Currency Pair: EUR/USD
Long/Short: Short
Limit Order Entry Price: 1.3650
My Proposed Position Size: 40%
Stop Loss: 1.3720
Target / Limit: 1.3200</p>
<p align="center">RT22:
Currency Pair: AUD/USD
Long/Short: Short
Limit Order Entry Price: 0.8950
My Proposed Position Size: 40%
Stop Loss: 0.9020
Target / Limit: 0.8500</p>
<p align="center">RT23:
Currency Pair: NZD/USD
Long/Short: Short
Limit Order Entry Price: 0.8390
My Proposed Position Size: 20%
Stop Loss: 0.8450
Target / Limit: 0.8000</p>
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<b><span style="text-decoration: underline;">3. FINAL THOUGHTS:</span></b>

Remember, the above trade set-ups meet with my personal TRADING PLAN and my account parameters. Only trade within your TRADING PLAN and your account limits.

Do not over-stretch your account…. or, yourself!!

The next blog will be THE WEEKLY FX DRIVE-THRU this Saturday 18<sup>th</sup> January 2014.

Good luck and take care.

Scott Pickering
The Pip Accumulator
Wednesday 15th January 2014.

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EMAIL: <a href="mailto:scott@thepipaccumulator.com">scott@thepipaccumulator.com</a>
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