<h2 style="text-align: center;"><strong>THE DAILY FX POST
from
THE PREMIUM SERVICE

</strong></h2>
<h3 style="text-align: center;"><strong>DATE: Thursday 11th December 2014
REF: #141</strong></h3>
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<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>
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Good Morning…. from a very, very snowy Hudson; we received a classic 25-30 cms overnight and it still snowing now.

What a day I had yesterday; the usual shenanigans with Chrysler followed by an Internet and power outage at the house without the generator kicking in. Timing is everything, the power went out just as I was a pressing the “GO” button on three trades and then somewhere it went black. I did not get power back nor would my satellite connection work until 3.07PM, after the RBNZ interest rate announcement.

My trades have auto stops and limits attached, which I can review a few minutes after the trades are placed so I was not unduly concerned more annoyed and frustrated. I saw the news before I could access the broker data, so I was expecting three loss trades to be posted. To my surprise, the trades never got there, I must have been trying when the Internet was down but not clarify 100% as it all happened at the same time. I was both happy and fortunate at the same time.

I traded off the RBNZ lows; if you followed the trades they were nice trades to bank. I closed out and then re-entered new limit order trades that have not yet triggered.

The recent moves in the JPY are somewhat very hard to follow and fathom plus the volatility is exacerbated at the moment due to lack of liquidity. Last night was a case in point; the wild swings and moves makes it’s not easy to trade. So I am just watching from the sidelines. It is tantamount to gambling at times watching the moves… it is a toss of a coin job.

I spoke on email and twitter with a few of you last night about the market. I think that it goes without saying that the easy money has been made, and because the FX market goes like this most years I stop trading around this time as Christmas Day approaches.

The PREMIUM SERVICE is LIVE in 6 trades across two brokers my total risk 1.22% across three brokers. I work with extremes of 3%, but usually I am in between 0.75% and 1.50%.

I am NOT happy with the price action at the moment it looks "squeezy" and the DXY is so close to a breakout and whilst I can reduce position sizes, which by the way are not extreme, I may just call it a day and stop for the year. The U.S. retail sales numbers will influence my exit strategy.

I always like to have “SKIN” in the market, so I may just take all trades down to I x MICRO lot size and leave alone until 2015. This would reduce my risk exposure on the current trades to less than 0.05%... I can afford that!

Looking around this white morning, Asian was down, European bourses are down or basically flat, U.S. equity futures are up, OIL and copper are up and GOLD lower. It’s mixed.

As this is the penultimate DAILY FX POST for 2014, it will come as no surprise that I am not looking to add positions, but the converse is the plan.<strong> </strong>

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<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>
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USD: - Retail Sales.

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<h3><strong> EXISTING LIVE TRADES:</strong></h3>
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<strong>RADAR TRADES:</strong>

RT236
EUR/GBP
Short at: 0.7920
Stop at: 0.7995
Limit at: 0.7580
Price Now: 0.7925
Current Profit / Loss Position: - 5 pips

<strong>FLASH TRADES:</strong>

FT230
EUR/CHF
Long at: 1.2040
Stop at: 1.1920
Limit at: 1.2500
Price now: 1.2010
Current Profit / Loss Position: -30 pips

FT251
EUR/USD
Short at 1.2356
Stop at: 1.2520
Limit at: 1.1860
Price Now: 1.2434
Current Profit / Loss Position: -78 pips

FT255
USD/CHF
Long at: 0.9721
Stop at: 0.9580
Limit at: 1.0000
Price Now: 0.9658
Current Profit / Loss Position: -63 pips

FT257
GBP/USD
Short at 1.5643
Stop at: 1.5750
Limit at: 1.5000
Price Now: 1.5681
Current Profit / Loss Position: -38 pips

FT258
NZD/USD
Short at 0.7829
Stop at: 0.7940
Limit at: 0.6900
Price Now: 0.7817
Current Profit / Loss Position: +12 pips<strong> </strong>

<strong>FUNDAMENTAL TRADES:</strong>

There are no LIVE FUNDAMENTAL TRADES at this point in time.

<strong> </strong><strong> </strong>
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<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>
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FUN86
GBP/AUD
Long at: 0.8740
Stop at: 0.8480
Limit at: 2.2000

FUN87
GBP/NZD
Long at: 1.9960
Stop at: 1.9000
Limit at: 2.1200

FUN88
EUR/NZD
Long at: 1.5800
Stop at: 1.5550
Limit at: 1.8990

&nbsp;

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