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

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<h3 style="text-align: center;"><strong>DATE: Friday 12th December 2014
REF: #142</strong></h3>
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<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>
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The final DAILY FX POST of 2014.

Firstly, I just want to thank you all for being subscribers with me and I hope that you have made some $$$ from my trade ideas. Next year 2015, opens up new challenges for me personally, which, I am charging my batteries for right now.

Moving on, I decided last night that I would trade the EUR/GBP on the short side and so I entered the trade a little earlier. Price action this morning looks a little like there is EUR strength in the air, and U.S. PPi data looms. This could further weaken the USD.

The markets do look “squeezy” and I know that I have been saying this for a while but as traders leave or wind down for the holidays this becomes more and more possible. If you are continuing to trade next week take care

Reading articles this morning, it does look like the holidays start from 3PM today for many traders and so next week looks like being a slower market environment with much thinner trading volumes.

I am out from today; I have Christmas trees to put in position etc.

I will tweet from time to time regarding the two open trades and the three limit order trades that are with brokers.

U.S. PPi data has just been released and shows a DEFLATIONARY slant. The reaction was a chop fest. Maybe its best to pull back from the market., I thought that this was clear USD weakness set of numbers.

<strong> </strong><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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</ol>
USD: - UoM Consumer Sentiment.

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

I have no LIVE RADAR trades at this time.

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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: 1.2008
Current Profit / Loss Position: -32 pips

FT259
EUR/GBP
Short at 0.7920
Stop at: 0.7995
Limit at: 0.7580
Price Now: 0.7823
Current Profit / Loss Position: -3 pips

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<strong>FUNDAMENTAL TRADES:</strong><strong> </strong>

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

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<ol start="4">
	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>
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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

My final comment is just to wish all of you a very merry Christmas… or Happy Holidays and a great trading year in 2015.

There are some exciting new things on the horizon, I am with my website people over the next few days looking at alternatives.

See you in 2015.

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.

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