<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: Wednesday 22nd October 2014
REF: #112</strong>

&nbsp;
<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
PLAN A (From the past two days) … is in play without the re-test of the supporting USD index (DXY) chart from a couple of days ago.

The fall in the EUR/USD through 1.2720, that I had written about yesterday happened and I am now looking to build USD long positions.

I am still short part of my GBP/USD from this morning. In error I opened two trades so although out of the money by 5 pips my entry was 1.6045. One was closed with a 5-pip profit (FT208) after taking various profits as it jumped around between 1.6040 and 1.6025, but the other FT209 is live.

Lots of news today, so I am holding off on set-ups until after the news.

I will be on twitter.

<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>CAD: - Core Retail Sales, BOC Interest Rate Statement, Press Conference.
USD: - Core CPi.

NZD: - CPI.
CNY: - HSBC Flash Manufacturing PMi.

EUR: - France and Germany Flash Manufacturing PMi.
GBP: - Retail Sales.</li>
</ol>
<strong> </strong><strong> </strong>
<ol start="3">
	<li><span style="font-size: 12pt;"><strong> EXISTING LIVE TRADES:</strong></span></li>
</ol>
&nbsp;

<strong>RADAR TRADES:</strong>

RT194
EUR/USD
Short
Short at: 1.2735
Stop at: 1.2785
Limit: 1.1860
Price Now: 1.2697
Current Profit / Loss Position: +40 pips

<strong> </strong>

<strong>FLASH TRADES:</strong>

FT190
NZD/USD
Short at 0.7793
Stop at 0.8050
Limit at 0.6580
Price Now: 0.7976
Current Profit / Loss Position: -183 pips
(This pair is hedged from -100 pips)

FT202
USD/CAD
Long at 1.1340
Stop at 1.1170
Limit at 1.1570
Price Now: 1.1219
Current Profit / Loss Position: -121 pips
(This pair is hedged from -70 pips)

FT209
GBP/USD
Short at 1.6045
Stop at 1.6080
Limit at 1.5450
Price Now: 1.6053
Current Profit / Loss Position: -8 pips

<strong>FUNDAMENTAL TRADES:</strong>

FUN44
GBP/NZD
Long at 2.0507
Stop at 1.9800
Limit at 2.3200
Price Now: 2.0123
Current Profit / Loss Position: -384 pips
(This trade is hedged from -125 pips

<strong> </strong><strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
RT195
AUD/USD
Short
Short Entry at: 0.8830
Stop at: 0.0.8890
Limit: 0.7800

RT196
NZD/USD
Short
Short Entry at: 0.7995
Stop at 0.8060
Limit at: 0.6800

Good luck today and have a great weekend.

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.