<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: Tuesday 4<sup>th</sup> November 2014
REF: #120</strong>

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<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
Sorry about no DAILY FX POST yesterday. I am starting to have Word Press issues, I am now concerned that space is fast becoming an issue. Having spoken with all the relevant parties they claim not space but their servers were the issue yesterday.

Anyway moving on,

Two bookkeeping points come to mind before a few comments: -
<ol>
	<li>Welcome to the new subscribers from the end of last week and over the weekend.</li>
	<li>Many of you are attached to twitter @ThePremService I am only bringing this up because if I cannot blog trade set-ups and ideas, it is twitter than get’s 100% of my thoughts.

You do not have to be linked to twitter, but if you are not you are missing a great deal of my communications. I know, having spoken to many of you about this, there are some “die-hard” twitter haters out there. I am just saying.</li>
</ol>
Looking around the big stand out this morning is obviously the drop off in WTi; it is lower by almost 3%. We are well below $80.00; I think that the next level to the downside that should pick up interest is around $75.00. So there is still a little way to go. Gold is lower by $2.00 and Copper is slightly negative as well.

I noticed a few hours ago that the EUROZONE released revised growth forecasts, country by country and for the EUROZONE area in total.

From my perspective there were absolutely no surprises at all. It does make me laugh that they have once again revised 2014 objectives. With less than 60 days left this year one would hope that slashed expectations targets are actually achieved. The EUROZONE is desperate for credible fiscal policies, investment on a grand scale and structural reforms…nothing new; it’s the same old, same old stuff over and over again.

For the record this year is now growth of 0.80% down from 1.20%

and

next year 2015, 1.1% down from 1.7%.

Italy and France the biggest problems and Ireland the golden boy!!

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Combined with “The Holy Trinity” of OIL, GOLD &amp; COPPER, this should keep the USD in its box from weakening today, but I am not expecting too big of a move in the EUR/USD ahead of the ECB and Jobs data at the end of the week.

I am looking at the USD strengthening against the commodity currencies today, such as: -

&nbsp;
<p style="text-align: center;">AUD/USD</p>
<p style="text-align: center;">NZD/USD</p>
<p style="text-align: center;">USD/CAD</p>
<p style="text-align: center;">USD/NOK</p>
<p style="text-align: center;">USD/MXN</p>
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I am short AUD/USD and NZD/USD and still long USD/CAD. I will look at adding but do not want to stretch myself ahead of localized key data with the NZD later today and more big AUD news tomorrow night (EDT).

Try not to get too carried away with position sizes this week. The data will be market moving. Next week will offer some great directional opportunities.

<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>
<span style="font-size: 10pt;">CAD: - Trade Balance.</span>
<span style="font-size: 10pt;"> USD: - Trade Balance.</span>

NZD: - Employment Change &amp; Rate.

GBP: - Services PMi.

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

<strong>RADAR TRADES:</strong>
RT200
EUR/USD
Short at 1.2515
Stop at 1.2620
Limit at 1.2100
Price now 1.2511
Current Profit / Loss Position +4 pips

RT202
NZD/USD
Short at 0.7760
Stop at 0.7820
Limit at 0.7000
Price now 0.7750
Current Profit / Loss Position +10 pips

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<strong>FLASH TRADES:</strong>

FT202
USD/CAD
Long at 1.1340
Stop at 1.1400 (Please note new protected STOP LOSS LEVEL)
Limit at 1.1570
Price Now: 1.1415
Current Profit / Loss Position +75 pips

FT229
AUD/USD
Short at 0.8725
Stop at 0.8760
Limit at 0.8000
Price now 0.8720
Current Profit / Loss Position +5 pips

<strong> </strong>

<strong>FUNDAMENTAL TRADES:</strong>

FUN63
GBP/AUD
Long at 1.8300
Stop at 1.7900
Limit at 1.9200
Price now 1.8351
Current Profit / Loss Position +51 pips

<strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
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RT201
GBP/USD
Short at 1.6040
Stop at 1.6150
Limit at 1.5460

RT203
USD/CHF
Long at 0.9610
Stop at 0.9540
Limit at 0.9850

FUN61
GBP/NZD
Long at 2.0250
Stop at 1.9800
Limit at 2.1050

FUN62
EUR/NZD
Long at 1.6030
Stop at 1.5850
Limit at 1.7250

FUN64
EUR/AUD
Long at 1.4220
Stop at 1.3950
Limit at 1.4970

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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> </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.

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