<h2 style="text-align: center;"><strong>THE DAILY FX POST
from
THE PREMIUM SERVICE</strong></h2>
&nbsp;
<h3><strong>DATE: Wednesday 3<sup>rd</sup> December 2014
REF: #136</strong></h3>
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<ol>
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<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>
</li>
</ol>
Late yesterday I tweeted several tweets looking for some feedback on a couple of issues that have been raised. I want to keep things fresh, so I am looking for feedback.

Should any of you have feedback / thoughts / comments on the two matters listed below please contact me.

I have already received some great feedback from a few of you; however, if you have something to add please feel free to do so.

<span style="text-decoration: underline;">1: - COMMUNICATION OPTIONS:</span>

I am looking at alternatives or additions to twitter to enable me to communicate TRADE SET-UPS / AMENDMENTS to you. I am very happy to look at other options that are available.

Email is an obvious alternative but there time delays, which, are out of my control.

Email does allow me to add additional information to a trade set up such as when I will add to a position size if that was my original intention etc. Plus if I thought it would help my thoughts behind the trade.

I think that for RADAR and FUNDAMENTAL trades this offers greater opportunities for my thought process.

On the negative side, I can only email files/attachments if I have my MacBook Air with me. If I am traveling or trading from bed this cannot be a guarantee.

I have an example of what I am thinking about to email below. Please feel free to add comments.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png"><img class="aligncenter size-full wp-image-4879" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/12/PREMIUM-SERVICE-EMAIL-ALERT-1.0.png" alt="PREMIUM SERVICE EMAIL ALERT 1.0" width="316" height="556" /></a>

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Additionally, on the negative side, for FLASH TRADES the email format has timing problems; by the time I have the administration complete the trade could be over!!

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<span style="text-decoration: underline;">2: - TWITTER ALERTS:</span>

I have my twitter account set up so that alerts from certain people pop up in the centre of my iPAD.

Does anyone know of being able to do this with a sound alert to advise a subscriber of a tweet, I cannot see anything?

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<span style="text-decoration: underline;">HEADS UP LOOKING FORWARD:</span>

With regards to trading, after this week, if history repeats itself the market starts to slow and all the media talks about is the Santa Claus rally. This weekend is the final WEEKLY FX DRIVE THRU until 2015. During the GAP, I will be updating the PREMIUM SERVICE website as required plus advertising and researching as a result, very little trading.

I will be on twitter etc. through to the 12<sup>th</sup> of December.

2015 starts for me January 10<sup>th</sup>.

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<span style="text-decoration: underline;">INITIAL THOUGHTS ON FOREX:</span>

It’s all about the EUR/USD. It broke thru 1.2350 and took an extended stop-loss run down to 1.2321.

The AUD GDP last night took the AUD/USD down to a major Fibonacci level of 0.8390. On the first attempt we bounced and if you were matching my trades the limit order with the EUR/AUD was triggered on the news and tried to take 1.4750, which coincided with the AUD/USD level of 0.8390. I placed a protective stop on the EUR/AUD at 1.4740, which was taken as the AUD/USD bounced and subsequently the EUR/AUD on the back of has pulled back over 100 pips. Nice quick +40 pips trade.

There is a lot of news over the next 48 hours. U.S. equities are basically flat, as is the HOLY TRINITY of OIL, GOLD and COPPER. We are awaiting the ADP data. I am interested in the CAD BOC statement and this may result in some CAD FLASH TRADES.

I have amended the limit orders that were placed yesterday, and, being frank, I am hesitant to play anymore with these other than cancel some of them during the day given the news events on the horizon to minimalise potential risk.

My peer group webinar was very disjointed yesterday with interruptions, so we are going to try again today with rules in place.

I will be on twitter, after the webinar.

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<ol start="2">
	<li>
<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>
</li>
</ol>
USD: - ADP Non-Farm Employment Change.
CAD: - BOC Rate Statement and Poloz Speaks.

AUD: - Retail Sales and Trade Balance.

GBP: - Bank Rate and MPC Rate Statement.
EUR: - Interest Rate and ECB Press Conference.

<strong> </strong>
<ol start="3">
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<h3><strong> EXISTING LIVE TRADES:</strong></h3>
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<strong>RADAR TRADES:</strong>

There are no LIVE RADAR trades at the moment.

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<strong>FLASH TRADES:</strong><strong> </strong>

FT230
EUR/CHF
Long at 1.2040
Stop at 1.1920
Limit at 1.2500
Price now 1.2029
Current Profit / Loss Position -11 pips

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<strong>FUNDAMENTAL TRADES:</strong>

FUN74
EUR/CAD
LONG
Entry at 1.4050
Stop at 1.3850
Limit at 1.4500
Price now: 1.4036
Current Profit / Loss Position: -14 pips

<strong> </strong><strong> </strong>
<ol start="4">
	<li>
<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>
</li>
</ol>
RT228
EUR/USD
SHORT
Entry at 1.2420
Stop at 1.2520
Limit at 1.1860

RT229
AUD/USD
SHORT
Entry at 0.8480
Stop at 0.8600
Limit at 0.8000

RT230
NZD/USD
SHORT
Entry at 0.7830
Stop at 0.7920
Limit at 0.7000

RT231
USD/CHF
LONG
Entry at 0.9650
Stop at 0.9580
Limit at 0.9980

RT232
USD/CAD
LONG
Entry at 1.1320
Stop at 1.1250
Limit at 1.1470

<span style="text-decoration: underline;"><strong>PLEASE NOTE:</strong></span>
<span style="text-decoration: underline;"><strong> The following FUNDAMENTAL trades I will hedge if required and the stop losses placed are not based on ATR levels, which was my usual approach a little while ago. </strong></span>

FUN77
GBP/AUD
LONG
Entry at 1.8390
Stop at 1.8000
Limit at 1.9500

FUN78
EUR/NZD
LONG
Entry at 1.5800
Stop at 1.5600
Limit at 1.6200

FUN79
GBP/NZD
LONG
Entry at 2.0000
Stop at 1.9650
Limit at 2.0500

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.