Good Day,

It's great to be back again without connectivity issues...the early morning storms yesterday were freaky. Even the dogs would not go out for wee-wees!!

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

We are still in  a slow moving environment. This will not change until we head into September.

I am now looking for smaller profits to keep my broker account ticking upwards. I will therefore not let trades to get too far away from me. If I see breaks against me I will cut and run. This is <span style="text-decoration: underline;"><strong>NOT</strong></span> my style of trading but I need to adjust in the summer. Below I will give my thoughts on existing live trades.

&nbsp;

<span style="text-decoration: underline;"><strong>CURRENT TRADES MY THOUGHTS ON EXITS:</strong></span>

GBPNZD - long - Fundamental long term trade - hedged...holding.

AUD/NZD - long - Longer term holding.

USD/SEK - long - protective stop just above break even in place. Moves have been very strong a deep on downside moves.

EUR/USD - short - Happy to hold this longer term given fundamentals.

NZD/USD - short - Holding...but not 100% happy. Shorting against all-time highs...will hold.

EUR/GBP - short - holding given the GBP and EUR fundamentals.

GBP/USD - long - trend line resistance is at 1.7132...looking to keep but this but 1.7132 may hold it up today...will sell if 1.7132 contains at bank $$$$ I will also sell if it hits 1.7112, this is my target for $$$$

GBP/CHF - long - invert relationship with EUR/GBP, I want to hold but GBP action will dictate. If GBP falls I will exit and bank $$$$$

AUD/USD - short - holding short against 0.9525 and fundamentals from RBA.

&nbsp;

<span style="text-decoration: underline;"><strong>NEW FLASH TRADE:</strong></span>

FT153 (entry on 15M pullback)
USD/CAD
Long at 1.0676
Stop Loss at 1.0575
Limit 1.0828 (61.8% fib on chart below)

Looking to add above 1.0700 and 1.0750.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/USDCAD-DAILY-08072014.png"><img class="aligncenter size-large wp-image-4056" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/USDCAD-DAILY-08072014-1024x504.png" alt="USDCAD DAILY 08072014" width="1024" height="504" /></a>

Hope that this is useful.

Scott