<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>

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<strong>DATE: Tuesday 11th November 2014
REF: #123</strong>

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<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
I had a few conversations yesterday with some of you about the movement on the USD $ index (DXY). One or two noticed a little hesitancy in my thoughts. I have great belief in GAP FILLS. There is a GAP FILL in the DXY (I apologize my chart won’t export…. I will try and post later) that needs filling and this requires a pullback.

My thoughts are as follows: -
<ol>
	<li>It just makes common sense to me that this GAP FILL needs to happen. It means from a trading perspective that the USD will consolidate to allow this. I mentioned this yesterday and I am still of this opinion.</li>
	<li>Therefore trading with the USD should therefore be based around this move happening, whilst at the same time allowing for the day-to-day news events to happen and pass through.</li>
	<li>I havetherefore a number of USD related trades based on aDXY pullback to 87.50 allowing the GAP FILL to happen.In my opinion, this should be a great place to buy the USD.</li>
</ol>
Obviously, should the USD (DXY) breakout above the 88.10 level as indicated on the chart, the GAP FILL may be delayed!

For today, to confirm; I have listed several RADAR TRADES based off my DXY thoughts. These trades may not trigger for a few days whilst the DXY consolidates.

The RADAR TRADE that is an exception is the USD/JPY. I am now taking my fears of trading the JPY away, and looking to enter long at 115.50 previous resistance now support targeting 120.00.

Any other trades that I suggest via TWITTER today will in my opinion be viewed as day trades.

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<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>
NZD: - RBNZ financial Stability Report &amp; Governor Wheeler speaks.
GBP: - Unemployment Data (Claimant Count)
GBP: - BOE Inflation Report &amp; Governor Carney speaks.

<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>

RT207
NZD/USD
Short at 0.7760
Stop at 0.7845
Limit at 0.7000
Price now 0.7758
Current Profit / Loss Position +2 pips

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<strong>FLASH TRADES:</strong>

FT230
EUR/CHF
Long at 1.2040
Stop at 1.1920
Limit at 1.2500
Price now 1.2022
Current Profit / Loss Position -18 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 1.8364
Current Profit / Loss Position -156 pips
(This trade is hedged from -100 pips)

<strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
RT208
EUR/USD
Short
Short from: 1.2485
Stop Loss at: 1.2540
Limit at: 1.1860

RT209
USD/CHF
Long
Long from: 0.9630
Stop Loss at: 0.9580
Limit at: 0.9850

RT210
GBP/USD
Short
Short from: 1.6040
Stop Loss at: 1.6100
Limit at: 1.5750

RT211
AUD/USD
Short
Short from: 0.8700
Stop Loss at: 0.8780
Limit at: 0.8000

RT212
USD/JPY
Long
Long from: 115.50
Stop Loss at: 114.85
Limit at: 120.00

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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.

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