Hi,

<span style="text-decoration: underline;"><strong>OVERVIEW:</strong></span>

The market volatility is killing me, the slow grind higher in equities in a one-sided market is dreadful to be in at times, it is challenging to say the least. I wrote about this a few weeks ago in the "DRIVE-THRU" blog and I really think that we are now in danger of starting the summer low liquidity market earlier this year. Just another factor to consider.

Not really much happening; as I mentioned yesterday  the New Zealand Milk Report came through and a disastrous Business Confidence figure about 15% less than last month were big news items to hit the Kiwi $. We are now below 0.8500 which was a big support level. I think that the next stop to watch is 0.8420.

The market looks pretty static to me right now.

<span style="text-decoration: underline;"><strong>TRADE REVIEWS / UPDATES / AMENDMENTS and NEW SET-UPS:</strong></span>

I have made a few changes to existing trades and I have placed limit orders that are in my opinion at levels that should be offer great positions from which to grow profitable trades. The only issue in my head is that we may not see these levels to kick in. I have a couple more trade set-ups on my mind and I will tweet these later on today.

<span style="text-decoration: underline;">CANCELLED LIMIT ORDERS:</span>

RT87 - NZD/USD

RT88 - USD/SEK

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<span style="text-decoration: underline;">REVISED STOP LOSS:</span>

RT84 - EUR/GBP was 0.8150 now 0.8174.

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<span style="text-decoration: underline;">NEW TRADE SET -UPS....ALL ARE LIMIT ORDERS:</span>

RT91
NZD/USD
Short
Entry: 0.8505
Stop: 0.8590
Limit: 0.8000

RT92
GBP/USD
Short
Entry at: 1.6790
Stop: 1.6840
Limit: 1.6500

RT93
USD/CAD
Long
Entry at : 1.0815
Stop: 1.0750
Limit: 1.1600

FUN25
GBP/AUD
Long
Entry at: 1.7895
Stop: 1.7700
Limit: 1.8375

FUN26
EUR/NZD
Long
Entry: 1.5990
Stop: 1.5875 (I am prepared to move this much lower and hedge)
Limit: 1.6300 (This is my initial target see chart below...I think a move much higher is possible)

If we break 1.6100, I will add to this trade...I am assuming that I achieve me entry. I hate chasing but I DO NOT want to miss this trade. As you know I have been patiently long for over two months with the GBP/NZD and I see a break above 2.0000, it could trigger a move to 2.2000 no problem with GBP  and NZD fundamentals kicking in.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/EURNZD-DAILY-28052014.png"><img class="aligncenter size-large wp-image-3753" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/05/EURNZD-DAILY-28052014-1024x471.png" alt="EURNZD DAILY 28052014" width="1024" height="471" /></a>

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Good luck today,

If you have any queries about the content email at premiumservice@weeklyfxdrivethru.com

Scott