<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>

<strong>DATE: Friday 14th November 2014
REF: #126</strong>

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<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
The USD broke out of the wedge pattern tweeted yesterday. It happened in last night’s Asian session. Good U.S. Retail sales data later this morning should see the upward move cemented.

The USD/JPY is all highs once again and it looks like it’s on its way too at least 120.00. I keep looking at the JPY pairs asking myself, why am I not long? Other than a day trade scalp, I have been looking for a decent pullback to enter long; the problem is it is just giving up its relentless push higher. It only seems a few weeks ago that the USD/JPY was trading at 105.00

In the DRIVE THRU blog this weekend, I am going to take a look at longer term charts again, given that USD (DXY) is now breaking out to the long side. Whilst I may be a little early doing this, at least we will be set up as the break is confirmed.

It is a Friday, so I will be not be adding longer term trades today, I will just be scalping on my own.

Asian markets were in the main up; U.S. equities are in the green, Europe a little mixed following no major disaster after the GDP release. Oil and Copper marginally green but Gold is at the lows of the day. This in itself will be USD positive.

I am not expecting fireworks today.

<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: - Retail Sales

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

RT211
AUD/USD
Short at 0.8700
Stop at 0.8780
Limit at 0.8000
Price now 0.8677
Current Profit / Loss Position +23 pips

<strong>FLASH TRADES:</strong>

FT230
EUR/CHF
Long at 1.2040
Stop at 1.1920
Limit at 1.2500
Price now 1.2012
Current Profit / Loss Position -28 pips

FT239
EUR/USD
Short at 1.2465
Stop at 1.2525
Limit at 1.2100
Price now 1.2435
Current Profit / Loss Position +30 pips

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<strong>FUNDAMENTAL TRADES:</strong>

FUN66
GBP/AUD
Long at 1.8520
Stop at 1.8150
Limit at 1.9200
Price now 1.8036
Current Profit / Loss Position -484 pips
(This trade is hedged from -100 pips)
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
I have no trades lodged with my brokers at this time.

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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>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.